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The Central Bank of Nigeria (CBN) reminded financial service businesses that dealing with cryptocurrency is prohibited. The letter, signed by Director Bello Hassan, warned of severe regulatory sanctions for those failing to meet the directive. Hassan says monetary service providers must identify on/off ramping and immediately close accounts associated with the action. “Accordingly, all DMBs, […]

One fund says all evidence points to Craig Wright being the creator of Bitcoin. He is, in turn, suing payments giant Square and other influential Bitcoin and Bitcoin Cash businesses. BSV fund says fair game In a document shared with CryptoSlate today, crypto fund Unbounded Capital provided details on the ongoing legal battle between alleged […]

To further distance itself from the actual running of the Cardano blockchain, IOHK has delegated 3.2 million of its own ADA to 100 different stake pools ran by the Cardano community. This is part of IOHK’s larger plan to delegate funds to a new set of pools each quarter and support operators in developing countries. […]

Yesterday saw the launch of an easy “shorting” provision for users of the DeFi app, shooting the prices of its token by 11%. You can now short on Synthetix Decentralized finance app Synthetix (SNX) saw the deployment of the “Bellatrix” update yesterday, as per a release. The update opens up newer on-chain capabilities for users. […]

On the 2nd of February, Bender Labs tweeted about their new whitepaper here. In the whitepaper it was stated that V1 of the Wrap Protocol, a new protocol to help bring Ethereum assets over to Tezos DeFi via wraps will launch in quarter 1. The whitepaper stated the whitelisting of 19 ERC-20 Ethereum assets that can be […]

Anthony Scaramucci, the founder of alternative investment firm Skybridge, says why he’s betting big on Bitcoin. Speaking to Forbes, Scaramucci states that both he and his research team were initially skeptical of Bitcoin. However, following a three-year evaluation process, he concluded it’s “better at being gold than gold.” How Bitcoin won Scaramucci over In overcoming […]

The guide from the “big four” accounting firm wants to cater to new clients and businesses considering a Bitcoin investment. Guide for Bitcoin Deloitte, the international accounting part of the reputed “big four,” released its Bitcoin guide earlier this week on the back of enterprise business analytics firm MicroStrategy putting out its own “playbook” for […]

AAVE, the native governance token of the Aave lending protocol, rose by over 50% within the past day. The rally comes as the entire DeFi market sees a major rally from an overall increase in appetite for the sector. Why is DeFi and Aave rallying? The DeFi market has seen more traction from both retail […]

The crypto investment fund facilitates some of the biggest crypto traders for institutional clients. And its ETH purchases are surging. Stacking ETH Crypto investment fund Grayscale picked up over 47,000 ETH yesterday, data from filings showed. The fund additionally purchased over 12,300 Litecoin. At the moment, Grayscale is one of the only regulated ways for […]

Tesla CEO Elon Musk has just boosted “meme crypto” Dogecoin (DOGE) in the stratosphere by just tweeting a photograph of a rocket taking off and adding a single word to it: “Doge.” In just one hour, the price of DOGE surged by up to 75.6% and reached around $0.056. The coin’s 24-hour trading volume has […]