Basel Committee finalizes crypto exposure rules for banks
The committee is unveiling the standards later in July, culminating a yearslong process. Go to Source
Month: July 2024
Bitcoin trades in ‘enthusiastic’ phase as data hints at upcoming range expansion
Bitcoin’s volatility is compressing, which is a sign that a sharp range expansion is brewing. Go to Source
South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations
The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public and maintain industry fairness by taking decisive action against unlawful crypto businesses. The regulator will … Read more
Bitwise files amended Ethereum ETF S-1 — experts predict July launch
SEC Chair Gary Gensler said that the commission could give final approvals on spot Ether ETFs sometime in summer 2024, while some analysts are predicting as early as July. Go to Source
Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion. Go to Source
Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars
The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S. Dollar Banknotes Still Legal Tender The Central Bank of Nigeria (CBN) has informed registered … Read more
Authy 2FA app leaked phone numbers that may be used for text phishing
Twilio, the developer of the Authy authenticator app, said user phone numbers were leaked to attackers, but accounts themselves were not compromised. Go to Source
Investors brace for US election outcomes as crypto hits the ballot
FIT21’s bipartisan support suggests a potential shift in U.S. crypto policy, while investors are focused on long-term trends despite political uncertainty. Go to Source
Layerzero Integrates Flare, Enabling Connectivity to 75 Blockchains
Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Bitcoin.com News, this integration represents an … Read more
Binance exec trial will resume July 5 as family reports health problems
Though Nigeria’s tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering. Go to Source
