crypto
Revolut, a global fintech company and neobank, has launched a new crypto trading platform called Revolut X. The platform aims to compete with major cryptocurrency exchanges by offering easy access and minimal fees. It allows users to convert fiat currencies to crypto and vice versa, with fixed fees of 0%
ban
The Nigerian government is planning to implement new regulations that would prohibit peer-to-peer cryptocurrency exchanges using the national currency, the Nigerian naira. The country's Securities and Exchange Commission (SEC) is set to introduce a regulatory framework for crypto exchanges and custodians in the near future. The aim of
arrest
New details have emerged regarding the detention of Binance's former financial crime compliance team leader, Tigran Gambaryan, in Nigeria. Binance CEO Richard Teng has accused Nigerian officials of attempting to coerce the company into a secret settlement paid in cryptocurrency. Gambaryan was detained while on a business trip
airdrop
Mode, a Layer 2 network developed on the OP Stack, is launching an airdrop of its governance token. The airdrop will distribute 550 million Mode tokens, representing 5.5% of the total supply. The distribution will be based on users' Mode points, which were initially allocated during the "
approval
Crypto wallet developer Exodus Movement has received approval to list its common stock, with ticker EXOD, on the NYSE American. Trading will begin on May 9. The move is expected to increase the company's presence within the investor community and enhance liquidity. Previously listed on the OTCQX market,
bitcoin
Hong Kong's spot bitcoin exchange-traded funds (ETFs) experienced their first cumulative daily outflows on Monday, solely from China Asset Management's ETF. ChinaAMC's ETF saw 75.36 BTC leave the product, while the other two ETFs had zero inflows. On their first trading day, the
airdrop
LayerZero co-founder Bryan Pellegrino has confirmed that employees of LayerZero Labs will not be eligible for the project's upcoming airdrop and are strictly prohibited from claiming its tokens. Pellegrino stated that every employee is 100% restricted from claiming the tokens and that it would be considered a fireable
bank
Hong Kong has established the "Project Ensemble Architecture Community," a working group aimed at developing standards for the tokenization market, particularly for wholesale central bank digital currency (CBDC) use. The group, which includes the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission, the BIS Innovation Hub
bitcoin
South Korea's left-wing Democratic Party is planning to request a review of the currently banned spot bitcoin exchange-traded funds (ETFs) by financial regulators. This move is part of the party's initiative to make spot bitcoin funds accessible within the country. Following their victory in April'
binance
Binance CEO Richard Teng has publicly called for the release of colleague Tigran Gambaryan, who has been detained in Nigeria since February. Gambaryan, a compliance officer for the crypto exchange, was arrested alongside Binance's Africa regional manager, Nadeem Anjarwalla, on accusations of illegal transactions. Anjarwalla managed to escape
bitfinex
Bitfinex's chief technology officer, Paolo Ardoino, has confirmed that the claims of a large-scale data breach targeting the exchange were "fake." Ardoino stated that Bitfinex's user database was not breached and that the alleged hackers posted a list of emails and passwords stolen from
bitcoin
The Bitcoin network has achieved a significant milestone by processing its one billionth transaction. This achievement comes 15 years and 4 months after the mining of Bitcoin's genesis block in January 2009. With an average rate of 178,475 transactions per day over its lifespan, Bitcoin has demonstrated