crypto Archives - Page 41 of 42 - Cryptotimes Africa

SEC bans Binance operation in Nigeria, declares it illegal entity

by Crypto Oracle June 10, 2023

The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms. Binance Nigeria Limited is neither registered…

Coins News

SEC crackdown prompts $4 billion in deposits to leave Binance, Coinbase, and Binance.US

by Ridwan Ridwan June 10, 2023

Despite a sizable wave of customer withdrawals, the exchanges—targeted by the SEC for breaking federal securities laws—have so far been able to complete transactions in a timely manner. Legal actions brought by the U.S. Securities and Exchange Commission (SEC) against Binance.According…

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Americas’ First Mover: Binance.US ceases to accept dollar deposits.

by Dekunle Crypto June 9, 2023

In response to pressure from the U.S. Securities and Exchange Commission (SEC), which this week issued a significant enforcement action against the company, Binance.US has announced that it would temporarily become an all-crypto exchange as of June 13. The USD and deposits…

Coins News

Processing of Arbitrum Has Temporarily Stopped Due to a Software Bug

by Ridwan Ridwan June 8, 2023

A flaw in the sequencer caused a backlog of transactions that pressured the network, causing the Ethereum layer 2 network to go out of service for several hours. The network is now processing once more after a repair was deployed. On Wednesday,…

Coins News

DeFi Not affected by Tokens Being Classified as Securities by the SEC

by Dekunle Crypto June 8, 2023

Despite the continuous controversy, the value locked on decentralized finance (DeFi) applications running on blockchains of tokens claimed to be securities in the most recent filings made by the U.S. Securities and Exchange Commission (SEC) remained largely steady. Despite declining prices, there…

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A recent crackdown by the SEC may force crypto firms to leave the country.

by Dekunle Crypto June 7, 2023

Some industry experts say the SEC’s recent actions against U.S.-based Coinbase and Cayman Islands-based Binance could be a net positive for companies operating in the U.S, given the regulatory clarity they could help bring in the long run. In the short to medium term, however, these…

Bitcoin News

The SEC is waging the final battle.

by Dekunle Crypto June 6, 2023

The SEC essentially wants the public to understand the current legal actions as a part of a battle against fraud. The lawsuits are in fact a paternalistic attempt by the SEC to prevent people from making investments that they believe to be…

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What Is Cryptocurrency And What Are The Benefits?

by Crypto Oracle June 6, 2023

Blockchain-based, cryptographically protected cryptocurrency is a form of decentralized digital money. Three concepts—blockchain, decentralization, and cryptography—must first be understood in order to comprehend cryptocurrencies. How Does Cryptocurrency Work? Blockchain is a distributed digital ledger that only authorized users have access to in…

Coins News

Optimism completes the “Bedrock” hard fork successfully, cutting deposit delays and layer-1 fees.

by Ridwan Ridwan June 6, 2023

The upgrade is one of several changes made to the OP Stack to expand its modularity and provide developers the ability to create their own networks using the program. According to a statement from network creator OP Labs, the "Bedrock" upgrade of…

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Marcus Swanepoel Steps Down As CEO Of Crypto Exchange Luno

by Terry Kunle March 23, 2023

Luno, a cryptocurrency exchange, has announced that its CEO, Marcus Swanepoel, will be stepping down and taking on the role of executive chairman. The position of CEO will be filled by the head of operations as Luno's parent company, Digital Currency Group,…