Cryptocurrency

It isn’t a good time for a global cryptocurrency platform, Binance and its founder Changpeng Zhao as governments of some countries continue to clampdown on the platform. After facing weeks of court trials on money laundering, unlicensed money transmitting and violations in Seattle, United States, Zhao was sentenced to four months in prison. He had

The closing price for Bitcoin (BTC) on March 31, 2024 was $71,333.65 with a market capitalization of $1,403,108,244,336. It was up 16.56% for the month. It ended at $61,198.38 in February 2024. Here is the BTC price from March 1-March 31, 2024: Date Open High Close March 31 $69,647.78 $71,377.78 $71,333.65 March 30 $69,893.44 $70,355.49 $69,645.31 March 29 $70,744.80 $70,913.10 $69,892.83 March

From November 2, 2022, when red-flags were raised about the financial dealings of Alameda Research and FTT, a token issued by FTX, the fraud charges against crypto exchange founder and billionaire Sam Bankman-Fried came to an end on March 28, 2024. He was sentenced to 25 years or approximately 300 months imprisonment by a U.S. court

BitForex, an exchange that used to be one of the leading crypto exchanges, has gone under after allegedly disappearing with at least $57 million in customers’ funds. A few days before the Hong Kong-based exchange’s disappearance, it published on its now inaccessible site that its CEO and co-founder Jason Lou stepped down as CEO. Background On February

From outright ban to hefty fines worth billions of U.S. dollars, Binance continues to face harsh regulatory challenges around the world, making it difficult to make its services available in the affected locations. The largest cryptocurrency exchange by volume experienced a push back recently in Africa’s largest crypto market, Nigeria, and in the United States,

To some people, cryptocurrency investment is the new oil-money, but it comes with lots of risks and the major challenges facing it is scams, which come in different forms. Research indicates that existing scams persist, albeit with modified tactics aimed at deceiving cryptocurrency holders, especially during the Bitcoin boom. For instance, scammers may be particularly

The buzz around the proposed new cNGN stablecoin by the Africa Stablecoin Consortium (ASC), comprising four banks and five other blockchain stakeholders, is phenomenal. Unlike eNaira, which is a Central Bank Digital Currency (CBDC) owned and managed by the Central Bank of Nigeria (CBN) with various limitations and restrictions due to its design, cNGN, the