Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with... the trial of Zone's cross-border payment capabilities in 2025.

https://news.bitcoin.com/nigerian-startup-zone-raises-8-5m-in-seed-funding-round/Show more >

Star Xu, OKX CEO has explained the crypto exchange's reason for refusing to list memecoins amidst the mania in the ecosystem at the moment. Capitalizing on the Solana Momentum In recent weeks, there has been ma...ssive excitement in the memecoin ecosystem with many of the crypto registering huge profits.

https://coingape.com/okx-ceo-clarifies-reasons-for-boycotting-memecoin-mania/Show more >

Prosecutors are reportedly requesting FTX (FTT-USD) Co-founder and former CEO Sam Bankman-Fried receive a sentence of 40 to 50 years in their statements to a federal judge. Bankman-Fried, who also goes by "SBF"..., was found guilty in November 2023 on seven counts of fraud and conspiracy to defraud investors and customers of his crypto exchange.

https://www.youtube.com/watch?v=ByVStL_8liAShow more >

Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for... international settlements, a use case not contemplated in any law, appointing the Central Bank of Russia as the overseer of these transactions.

https://news.bitcoin.com/russia-regulates-use-of-digital-assets-for-international-settlements/Show more >

The government has reportedly demanded the exchange to divulge information regarding its top users.

https://dailycoin.com/nigeria-hunts-binance-user-data-as-arrested-execs-are-named/

Binance Vs SEC: The U.S. Securities and Exchange Commission (SEC) is considering every legal and investigational development as supplemental authority to gain an upper hand in the lawsuit as Binance, Binance.US..., and co-founder Changpeng “CZ” Zhao request the court to dismiss the case. In the last action by the securities regulator SEC, a notice of

https://coingape.com/binance-vs-sec-can-binance-class-action-open-door-for-summary-judgment/Show more >

Accurate information about crypto mining company's expected energy consumption is urgently needed, the Sierra Club said in an amicus brief.

https://www.theblock.co/post/279722/sierra-club-says-accurate-i...nsight-into-crypto-mining-firms-energy-use-is-urgently-needed-in-support-of-federal-surveyShow more >

The Internal Revenue Service has tapped Sulolit “Raj” Mukherjee, J.D., one of the crypto industry's foremost experts on tax policy, to advise its digital assets efforts.

https://www.forbes.com/sites/digi...tal-assets/2024/02/27/irs-taps-crypto-tax-veteran-sulolit-raj-mukherjee/Show more >

Cryptocurrency exchange Kraken filed a motion to dismiss the SEC's lawsuit against it, arguing the SEC is overreaching its authority in claiming that crypto assets are securities as retaliation for Kraken's cri...ticisms of SEC regulation of digital assets.

https://blockonomi.com/kraken-strikes-back-against-intimidation-tactic-sec-lawsuit/Show more >

The company, backed by the owner of the NYSE, was introduced in 2018 with the initial goal of helping Starbucks customers buy coffee with bitcoin.

https://www.coindesk.com/business/2024/02/07/crypto-firm...-bakkt-warns-it-might-not-be-able-to-remain-in-business/Show more >

The U.S. Securities and Exchange Commission (SEC) widened its definition of a dealer today to pull many more financial operations into its jurisdiction – including, as it warned in a footnote of its original pr...oposal – those dealing in crypto securities.

https://www.coindesk.com/policy/2024/02/06/us-sec-clears-dealer-rule-expansion-that-could-rope-in-defi/Show more >

In a significant development in the United Kingdom's approach to crypto-asset regulation, the Bank of England (BOE) has announced an extension of the comment period for its discussion paper on stablecoin regula...tion. Initially set for February 6, the deadline has now been moved to the morning of February 12, allowing stakeholders additional time to provide

https://coingape.com/uk-delays-boe-stablecoin-feedback-deadline-to-feb-12/Show more >

The transfer was sent via mBridge, a cross-border project introduced in 2021 by China, Hong Kong, Thailand, UAE in partnership with BIS.

https://cryptopotato.com/uaes-central-bank-initiates-historic-cros...s-border-digital-dirham-transfer-to-china/Show more >

Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. The hack took place in November 2022, on... the same day that FTX filed for bankruptcy protection, CNBC reported Friday (Feb. 2).

https://www.pymnts.com/news/security-and-risk/2024/report-identity-theft-indictments-include-conspirators-in-400-million-ftx-hack/?utm_source=snapiShow more >

Hong Kong regulators issued a cautionary statement, alerting the public to be wary of high-yield crypto investment schemes, including the "Floki Staking Program."

https://crypto.news/hong-kong-sfc-unauth...orized-crypto-staking-programs/Show more >