Nigeria Urged To Adopt Crypto Regulations Inspired by Europe

Nigeria’s crypto community has praised Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules as a positive development, saying it is important for jurisdictions to prioritize their interests regarding crypto projects, thereby protecting their local currencies. In an interview with Cointelegraph, Nigerian data and policy analyst Obinna Uzoije shared his thoughts on what the Economic Community […]

BitGo, Swan unveil plans for Bitcoin-only trust company

The United States may soon have a Bitcoin-only trust company, according to plans disclosed by BitGo and Swan Bitcoin on Sep. 15. The joint venture is pending regulatory approval, the companies said in a statement. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of […]

Japan to allow startups to raise funds by issuing crypto instead of stocks: Report

The Japanese government reportedly plans to permit startups to raise public funds through the issuance of crypto assets, such as currencies, instead of stocks, local media has reported. According to Japanese financial news site The Nikkei, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So […]

JPEX hikes withdrawal fee to almost $1K after Hong Kong watchdog warning

Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 USDT after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC), with its staff also reportedly going missing from its Token 2049 booth in Singapore. On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for allegedly promoting […]

DOJ Claims About Sam Bankman-Fried’s Laptop Access Are ‘Inaccurate’, Defense Alleges

Prosecutors are exaggerating the amount of access FTX founder Sam Bankman-Fried really has to defense material, his attorneys said in a memo late Friday. Bankman-Fried continues to lack decent internet access when produced to a cell block at the Southern District of New York courthouse, and has not had anywhere near the amount of air-gapped […]

Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll

CoinDCX, one of India’s most prominent cryptocurrency exchanges, is cutting about 12% of its staff as the prolonged bear market hits revenue, it announced on Tuesday. The exchange is laying off 71 employees whose roles do not fit into current business priorities, a company spokesperson told CoinDesk. The company has about 590 employees. Several teams […]