New free-to-own GameFi model is “high-risk” according to CZ
The blockchain gaming firm in question raised over $200 million on Monday to further its NFT operations. Go to Source Powered by WPeMatico
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Crypto.com accidentally transfered $10.5M to client instead of $100 refund
Court documents allege that the recipient used a portion of the funds to purchase a luxury mansion upon receipt. Go to Source Powered by WPeMatico
Russian PM takes cue from Iran’s crypto payment permit for imports
The adoption of digital assets provides a good opportunity to ensure uninterrupted payments for imports and exports, Russia’s prime minister said. Go to Source Powered by WPeMatico
More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Shows
With an estimated 53 million cryptocurrency owners, the African continent now accounts for 16.5% of the global total, a study has found. The study findings suggest that Nigeria, which has more than 22 million crypto owners, currently accounts for more than a third of the continent’s total number of holders. Nigeria Accounts for Over a … Read more
Wanted Turkish crypto exchange founder detained in Albania
Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government. Go to Source Powered by WPeMatico
Hodlnaut now placed under creditor protection after freezing withdrawals
Hodlnaut froze withdrawals and all other services on its platform on Aug. 8, citing a liquidity crisis and turbulent market conditions. Go to Source Powered by WPeMatico
Central African Republic court says new $60,000 citizenship by crypto investment program is unconstitutional
The move comes one month after the CAR rolled out the new incentive to boost crypto innovation in the country. Go to Source Powered by WPeMatico
NFTs Gaming CEO apologizes for losing 12% of startup capital through crypto trading
0xfanfaron has vouched to personally compensate the firm’s treasury for all trading losses. Go to Source Powered by WPeMatico
Merch and perfume: Formula One trademark filing paves the way for F1 NFTs
F1 files trademark for 2023 Las Vegas Strip Circuit Grand Prix, listing NFTs and cryptocurrency in a variety of potential goods and services on offer. Go to Source Powered by WPeMatico
MAS doesn’t trust retail crypto investments, mulling more regulations
Regulators in Singapore say cryptocurrencies are problematic due to high market volatility and warn against retail investments in cryptocurrencies. Go to Source Powered by WPeMatico