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According to a Chainalysis report, the Middle East & North Africa (MENA) region has emerged as a significant player in the global crypto market, ranking seventh globally with $338.7 billion in on-chain value received between July 2023 and June 2024. Türkiye leads the region, driven by high consumer engagement and stablecoin adoption amidst inflation, while … Read more
Check Point Research (CPR) has uncovered a new threat: a mobile crypto drainer app found on Google Play. This app, deceptively posing as the legitimate WalletConnect tool, exploited the growing popularity of digital assets and targeted users directly on their mobile devices. Over five months, it achieved more than 10,000 downloads and stole around $70,000 … Read more
Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain. This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize … Read more
BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockchain, enables zero-knowledge cryptography without altering Bitcoin’s core protocol. By facilitating decentralized atomic swaps, cross-chain transfers, and 2-way pegging, BitSNARK opens up new possibilities for Bitcoin to interact … Read more
Piero Coen, co-founder and CEO of Osmo, a Latam-focused bitcoin and lightning network wallet, has announced that they are now bringing their full suite of financial services for customers in Costa Rica. Costa Ricans can top up their wallet using Sinpemovil, a quick cellphone-linked fiat payment method, debit and credit cards. In addition, wallet users … Read more
The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel … Read more
The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted … Read more
On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court, saying, “I’ve seen a lot of cooperators in … Read more
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against … Read more
Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go app. The two companies will issue 1,000 co-branded Genesis Sneakers based on 4 different designs inspired … Read more
