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Tag: Crypto

Crypto market hits $3.5trn, altcoins shine in bull run
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Crypto startups secure $2.7bn in Q2 2024 despite decline in deals

In the second quarter of 2024, cryptocurrency startups raised $2.7 billion in venture capital funding, according to a report released by Pitchbook on August 9. This amount marks a slight increase over the $2.6 billion secured in the first quarter, despite a 12.5% decrease in the number of deals completed. The Pitchbook report, which provides […]

Crypto betting platform Polymarket hits $1bn in trading volume
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Crypto betting platform Polymarket hits $1bn in trading volume

Crypto-betting platform Polymarket has surpassed $1 billion in total trading volume, with a notable one-third of this volume generated in just the past 30 days. Polymarket saw a dramatic rise in betting activity, reaching $343 million in July, up from $111 million in June and $63 million in May, according to Dune Analytics. This surge […]

Crypto Market sheds $130bn amid Trump tariff
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Crypto stocks rises after Trump’s Pro-Bitcoin speech

Shares of cryptocurrency firms listed on the New York Stock Exchange saw notable gains before the market opened on Monday, buoyed by Republican presidential candidate Donald Trump’s supportive comments on bitcoin and his promise of more favorable regulation for the industry. Coinbase’s shares rose by 3.7%, while cryptocurrency miners Bitfarms, Riot Platforms, and CleanSpark experienced […]

Crypto trader BLord arrested over alleged fraud
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Crypto trader BLord arrested over alleged fraud

The operatives of the Nigeria Police Force have apprehended Linus Williams, widely known as BLord, a prominent figure in the cryptocurrency sector. The arrest took place in Abuja on Tuesday, with allegations leveled against BLord ranging from cryptocurrency fraud to terrorism funding and aiding internet fraud through his various companies. Police spokesperson Muyiwa Adejobi confirmed […]

Nigerian receives N7.5m in rewards after returning $14K mistakenly credited to him
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Nigerian receives N7.5m in rewards after returning $14K mistakenly credited to him

A Nigerian youth, Anjola Femi, has become the subject of widespread admiration after returning $14,000 (over N21 million) that was mistakenly credited to his account by a foreign crypto trader attempting to send him a giveaway prize. Upon realizing the error, the crypto trader, identified as @raffayalvi, immediately contacted Anjola to inform him of the […]

Crypto Market sheds $130bn amid Trump tariff
Crypto

Global investments in cryptocurrency hits $1bn in May

The research arm of Kucoin, a leading crypto exchange, disclosed a Performance report on cryptocurrency for May, showing that new investments totaling $1.02 billion were made in the market. The figure indicates a modest decline, showing the amount invested in the cryptocurrency market in May is marginally less than in April. According to the report, […]

News

TapSwap: All you need to know about tap-to-earn game

A new crypto mining project known as TapSwap, based on the Telegram platform has been generating buzz on the Nigerian internet. A check into the official X page (Formerly Twitter) account of TapSwap, showed that the mining project is a Solana-based crypto exchange with low fees, high throughput, and exciting features like staking and margin […]

Top ten crypto billionaires in 2024
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Top ten crypto billionaires in 2024

The crypto winter has officially come to an end, marking a significant turnaround for the cryptocurrency market. Bitcoin, the flagship cryptocurrency, has experienced an impressive surge, more than doubling in value over the past 12 months. In March, it reached an all-time high of $73,000 following the legalization of bitcoin-pegged exchange-traded funds in the U.S. […]

Crypto heists hit $2.2bn in 2024 - Report
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US, UK probe Russian crypto exchange over $20bn USDT transfers  

The US and the UK are investigating Garantex, a Russian cryptocurrency exchange, following its facilitation of $20 billion worth of tether transfers. Officials from both countries are reportedly interested in the USDT transactions conducted on the platform after it was sanctioned by the US Department of Treasury in April 2022. According to Bitcoin News, the […]

Crypto

Tokenized US treasury notes crosses $1bn mark

Public blockchains have been used to tokenize $1.08 billion in Treasury notes, as a result of rising interest rates around the world, according to data compiled by 21. co. The number has risen almost ten times since January 2023, according to Coindesk. There’s a boom in the market for U.S. Treasury note tokenized The market […]

News

US charges KuCoin crypto exchange with laundering

Federal prosecutors in Manhattan on Tuesday, brought charges against KuCoin, a leading global cryptocurrency exchange, alleging violations of U.S. anti-money laundering laws. Since its establishment in 2017, KuCoin purportedly failed to adequately screen customers, facilitating the transfer of billions of dollars in illicit funds. According to prosecutors, the Seychelles-based exchange actively sought business from U.S. […]

Crypto exchange OKX shuts down operations in India
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Crypto exchange OKX shuts down operations in India

Cryptocurrency exchange, OKX announced via email to its users in India on Thursday that it will be discontinuing its services in the country. Users were advised to withdraw their funds by the end of April. The decision comes after both Apple and Google removed the OKX app from their platforms in India. This action followed […]

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