Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are reportedly seeking to ban peer-to-peer crypto trading. One stakeholder has urged participants in the Nigerian crypto space to ‘identify the bad actors […]
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Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms
The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the manipulation of the local currency by P2P cryptocurrency traders. P2P Crypto Transactions Ban The Nigerian Securities and Exchange […]
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Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding .3 million in the first quarter of 2024. The revenue increase was slight, rising from .2 million to .3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted […]
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Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions
In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over 8 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: 8 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct […]
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Thai SEC Instructed to Share Information on Unauthorized Digital Asset Platforms With Government
The Thai Securities and Exchange Commission has been instructed to share information on unauthorized digital asset service providers with the Ministry of Digital Economy and Society. The regulator warned investors using such platforms of the risks they face which include the possibility of being scammed or involved in money laundering. Enhancing Efficiency in Law Enforcement […]
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In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline
According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued at approximately .18 billion. .18 Billion Worth of […]
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Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds
In the first quarter of 2024, more than 6 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at 4.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or […]
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Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion
This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed .802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded .03 billion in […]
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South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March
A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities of cryptocurrency entities through the Financial […]
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Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 Days
The volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by .85 billion in the last two months. LSD Market Flourishes: Ethereum Holdings Cross Billion Milestone In […]
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