In a noteworthy development in the world of finance, BlackRock, the global investment management corporation, has obtained a commercial license to operate in Abu Dhabi. This strategic move, announced on November 18, 2024, highlights the firm’s increasing engagement with the Middle East, particularly in the realm of digital finance and technologies. This license opens the […]
FTX Sues Binance for $1.8 Billion Amid Allegations of Fraud
In a significant legal development within the cryptocurrency industry, FTX has initiated a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to recover approximately $1.8 billion. The lawsuit centers on a controversial share buyout that occurred in 2021, claiming it involved fraudulent activities that ultimately led to financial ruin for FTX, which once […]
New Abu Dhabi Fund Converts US Treasuries to Blockchain Tokens
In a notable shift within the digital finance sector, Abu Dhabi firms Realize and Neovision have come together to launch the Realize T-BILLS Fund. This innovative fund represents a significant development in investment strategies focused on U.S. Treasury ETFs, specifically through the utilization of blockchain technology. The fund aims to tokenize these traditional assets, thereby […]
Moniepoint Reaches Unicorn Status with $110M Funding
In a significant milestone for the fintech sector in Nigeria, Moniepoint has recently announced that it has reached unicorn status following a successful funding round of $110 million. This funding is backed by a consortium of investors, including industry giants such as Google and other pre-existing supporters like Development Partners International and Lightrock. Such a […]
US and Nigeria Strengthen Ties to Combat Crypto Misuse
In a move showcasing the growing recognition of the cybersecurity challenges posed by cryptocurrencies, the United States and Nigeria have established the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies. This collaborative initiative aims to enhance both nations’ abilities to investigate and prosecute financial crimes related to digital finance, addressing an urgent need as the […]
Cutoshi Gains Ground as Meme Coin of the Year
In the dynamic world of cryptocurrencies, few coins have gained traction as quickly as Cutoshi. This newly launched meme coin is rapidly capturing the attention of investors, as demonstrated by its performance during the presale phase. As Cutoshi enters the digital currency arena, it stands poised to challenge established players such as Ethereum and Bonk. […]
US Sanctions Target Russian Cryptocurrency Firm and Individuals Linked to Cybercrime
On September 30, 2024, the United States government announced a series of sanctions against Cryptex, a cryptocurrency firm based in Saint Vincent and the Grenadines but operating out of Russia, alongside Russian national Sergey Sergeevich Ivanov. This move is part of a broader effort to dismantle networks implicated in cybercrime and to curb illicit financial […]
Chainalysis CEO Predicts Strong Role for Stablecoins in Asia's Crypto Growth
The cryptocurrency landscape in Asia is undergoing a significant transformation. Michael Gronager, the CEO of Chainalysis, recently emphasized the pivotal role of stablecoins in driving institutional cryptocurrency adoption within the region. Speaking at the Token2049 conference in Singapore, Gronager revealed how the stability and security provided by stablecoins, which are pegged to assets such as […]
MyTonWallet Adds TRON Support: Expanding Horizons in Digital Finance
MyTonWallet, the wallet application dedicated to The Open Network (TON) blockchain, has recently announced a significant upgrade: support for the Tron network. This addition marks a notable evolution in the platform, providing users with symbiotic access to Tron and TON assets for the first time. As cryptocurrency adoption continues to soar, this multi-chain capability aligns […]