Several companies based in Hong Kong announced that their applications for Bitcoin and Ethereum spot ETFs (Exchange-Traded Funds) have been given the green light by the Securities and Futures Commission. Let’s explore this development further. Ethereum Ernst & Young, a leading accounting firm, unveiled a novel blockchain solution designed to streamline intricate commercial contracts, cut … Read more
Doctor Profit, a cryptocurrency expert, continues to believe that Bitcoin‘s price will rise based on his analysis. He thinks the digital currency market may bounce back following Bitcoin’s latest halving. In Doctor Profit’s assessment and forward-looking perspective on this market, if digital currency reaches new height records, it is likely to follow this pattern. Around … Read more
In June 2023, the Markets in Crypto-Assets Regulation (MiCA) was passed into law, establishing a unified regulatory framework for twenty-seven countries within the European Union. This significant legislation covers almost one fifth of the global economy, marking a crucial milestone. However, MiCA signifies only the initial stage of a twelve to eighteen-month long journey involving … Read more
Ivorypay, a Nigerian business specializing in blockchain transactions for payments and remittances, has teamed up with Tether, the organization responsible for creating the popular stablecoin USDT. Through this collaboration, Tether can now produce and disseminate its USDT stablecoin straight onto Ivorypay. This results in increased liquidity, ultimately leading to cheaper and more stable digital transactions … Read more
Based on information from Punch’s article, the Economic and Financial Crimes Commission (EFCC) is intensifying its efforts against individuals and cryptocurrency platforms suspected of breaking Nigerian naira regulations. This action goes beyond Binance and encompasses all crypto exchanges and related groups, often involving market manipulation. According to insiders at the Economic and Financial Crimes Commission … Read more