Category: Crypto
Nigeria Sues Binance for $79.51B in Economic Damages, Seeks $2B in Back Taxes
Nigeria has filed a lawsuit against Binance, seeking $81.5B in back taxes and damages, accusing the exchange of failing to register with tax authorities, violating financial laws, and contributing to the naira’s decline. This marks the third legal action against Binance in the country.
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Central Banks Should Study Bitcoin, Not Avoid It, Says Czech National Bank Chief
While Aleš Michl does not advocate for Bitcoin as a primary reserve asset, he believes central banks should explore its potential benefits and risks.
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Dutch Firms Quantoz Payments, NPEX, and Dusk Team to Launch Digital Euro
Dutch firms Quantoz Payments, NPEX, and Dusk have launched EURQ, a regulated blockchain-powered digital euro. This collaboration enables seamless transactions, bridging traditional finance with decentralized applications.
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Vitalik Buterin Holds Q&A on Tako, Discusses Ethereum’s Long-Term Development and Decentralization
Vitalik Buterin discussed Ethereum’s scalability, stating that Layer 1 should support critical transactions while Layer 2 improves efficiency. He noted that Ethereum operates independently of its foundation, reinforcing decentralization. Buterin also addressed the role of sequencers and the need to sustain open participation through ongoing improvements in governance, security, and scalability.
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Coinbase Expands US Crypto Futures Market with CFTC-Regulated Solana Contracts
Coinbase has expanded its crypto futures market with the launch of CFTC-regulated Solana and Hedera futures contracts. The move reinforces its commitment to regulated derivatives trading and aligns with its broader institutional expansion, offering traders diverse futures contracts across major digital assets, including BTC, ETH, and DOGE.
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Brazil Approves World’s First Spot XRP ETF by Hashdex
Hashdex has secured approval from Brazil’s Securities and Exchange Commission to launch the world’s first spot XRP ETF, offering investors direct exposure to XRP via Brazil’s B3 stock exchange. The approval could pave the way for further crypto ETFs and signals growing institutional interest in digital assets.
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Price Correction on the Cards: Bitcoin Demand and Liquidity Remain Weak: CryptoQuant
CryptoQuant reports a decline in Bitcoin’s demand, with liquidity inflows weakening and ETF outflows increasing. These factors heighten the risk of a continued price correction unless market sentiment shifts.
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Litecoin’s Next Move? Analysts Reveal Why LTC Can’t Break Out Yet
Analytics firm IntoTheBlock has identified the cause of Litecoin’s prolonged consolidation, which has kept the LTC price ranging between $90 and $130 over the past three months.
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Jupiter Token Plunges 12% as LIBRA Controversy Rocks the Solana Ecosystem
The price of Jupiter Token (JUP) has recovered by 4% today after falling as low as $0.6743 in the past 24 hours, with the exchange token suffering a 12% seven-day drop amid fallout from the LIBRA controversy.
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Tether Seeks Majority Stake in South American Agribusiness Adecoagro
Adecoagro, a leading producer of milk, rice, and renewable energy, confirmed receipt of the proposal and is currently reviewing it with financial and legal advisors.
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