According to a recent report by CertiK, there’s been a significant increase in the use of Tornado Cash, a blockchain mixing service, by criminal elements for cryptocurrency exploits. In the first quarter of 2024 alone, this security firm identified nearly 60% (or 134 instances) of money-laundering activities involving this service. In Q1 2024, out of … Read more
GameFi is an emerging field that combines gaming and finance using blockchain technology, cryptocurrencies, and NFTs. In this realm, players can earn real rewards while playing games. This innovative sector merges with Web3, the decentralized internet concept, to create user-owned platforms and engaging gaming experiences. The popularity of GameFi is on the rise, and experts … Read more
Starting from April 25, Coinbase International Exchange and Coinbase Pro are teaming up to introduce trading for $WIF perpetual futures for customers residing outside the US. This move reflects the escalating demand for crypto derivatives beyond American borders, providing access to the Solana-linked memecoin, dogwifhat. Starting from 25th April, 2024, 9:30 am UTC onwards, Coinbase … Read more
Binance Nigeria’s top compliance officer, Tigran Gambaryan, who is currently detained at Kuje Correctional Centre following his arrest in February, is in discussions with the authorities for his release. The Economic and Financial Crimes Commission (EFCC) has accused him of aiding money laundering activities. The Federal Government, represented by the Federal Inland Revenue Service (FIRS), … Read more
Craig Wright, an Australian computer scientist, has dropped his lawsuit against bitcoin developers following a report by Bitcoin Legal Defense Fund. This decision was made after a UK judge previously ruled that it was necessary for Wright to file his claim. In simpler terms, Craig Wright, an Australian man who claims to be the hidden … Read more