Nigerian crypto payment startup shuts down, offers IP for sale
Nigerian crypto and Web3 company Lazerpay shuts down due to the inability to raise funds and advises users to withdraw funds before April 30. Go to Source Powered by WPeMatico
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Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US
An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old … Read more
Brooklyn court charges former banker for allegedly defrauding crypto investors
Brooklyn federal court charged a former investment banker for allegedly taking investors’ money under the pretext of making profitable crypto investments. Go to Source Powered by WPeMatico
Bitcoin continues to shine with 98% of inflows into crypto investment products
According to CoinShares, Bitcoin received $56 million of inflows last week, which accounted for 98% of all investments into digital asset investment products. Go to Source Powered by WPeMatico
G20 countries aim to develop global framework against crypto-related risks
G20 also aims to bring together global economies to fight debt distress and hyperinflation in smaller economies such as Sri Lanka and Ghana. Go to Source Powered by WPeMatico
Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say … Read more
Smaller investors can have outsized impact on crypto investment markets: BIS study
Researchers looking at the “crypto carry” rate between spot and futures markets and its causes came to conclusions about crypto market booms and busts and how they happen. Go to Source Powered by WPeMatico
Chinese state insurance firm launches two crypto funds in Hong Kong: Report
The Chinese government-backed CPI Investment Management is launching two crypto funds related to blockchain investment and staking. Go to Source Powered by WPeMatico
Nigerian crypto foreign investment is at a record low: Study
Foreign direct investment (FDI) in Nigeria fell by 33% last year due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country. Go to Source Powered by WPeMatico
Pantera Capital leads $22.5M investment in M^ZERO Labs for decentralized infrastructure
The funds will be used to develop decentralized infrastructure that enables institutional investors to allocate assets on-chain. Go to Source Powered by WPeMatico