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News

IR4LAB, A Saudi blockchain company, is expanding its business into Africa.

by Ridwan Ridwan June 14, 2023

According to IR4LAB, the decision to expand into Africa is driven by a dedication to the continent and the objective of fostering innovation in advanced technologies. IR4LAB aims to implement various use cases using its blockchain solution, DocCerts, along with other solutions…

Binance.US, SEC Ordered to Start Negotiations Wednesday Amid Asset Freeze Tussle.

by Dekunle Crypto June 14, 2023

A U.S. federal judge on Tuesday rebuffed SEC's request to order a freeze on Binance.US' assets – provided the parties could agree on limits. In order to work out operational limitations while the Securities and Exchange Commission (SEC)'s case against the firms…

News

Here is a list of Kenya’s most affordable and priciest banks as of 2023.

by Ridwan Ridwan June 13, 2023

According to the analysis, First Community Bank (FCB) offers the lowest loan rate among the examined commercial banks, which is 9%. The bank with the highest loan rate, however, is listed as Credit Bank, at 17.6%. According to a recent study,…

Coins Industry News

Binance Goes to Court Against the SEC.

by Dekunle Crypto June 13, 2023

Binance and Binance.US have made their case against the SEC's motion to freeze all Binance.US funds. IThe SEC sued US and Changpeng "CZ" Zhao, and from reading their initial comments, it seems like the stakes are very high. But by the end…

Bitcoin Coins Industry News

SOL, ADA, MATIC Prices Stabilize as Foundations Hit Back on SEC Lawsuit Allegations.

by Dekunle Crypto June 12, 2023

Investors in the stocks of Solana (SOL), Cardano (ADA), and Polygon (MATIC), which were adversely affected by a weekend sell-off, had cause for celebration on Monday as prices stabilized and partially recovered some of their losses. According to CoinGecko data, SOL increased…

Industry News

The US will determine the “right outcome” for cryptocurrencies, according to the CEO of Coinbase

by Ridwan Ridwan June 11, 2023

According to Brian Armstrong, CEO of Coinbase, when the government comes up with the "right outcome" for legislation, crypto entrepreneurs will only come back to the United States. Brian Armstrong, the CEO of the digital currency exchange Coinbase, highlighted that regulating cryptocurrencies…

Industry

DeFi Volumes Increase 444% Amid Binance and Coinbase Lawsuits: Transforming Finance.

by Dekunle Crypto June 10, 2023

DeFi trade activity has increased over the past week as a result of the United States Securities and Exchange Commission's (SEC) legal actions against two prominent centralized crypto exchanges, Binance.US and Coinbase. The SEC is actively pursuing charges against the decentralized exchange…

Industry

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…

Bitcoin Coins

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…