The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to…
Category: Bitcoin News
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Seychelles Approves Bill on Virtual Asset Regulation
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff.…
Crypto’s Weekly Winners and Losers: RARE Soars, MOG Slumps
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during…
P2E Sensation PlayDoge Enters Final Week of Presale After Raising Over $6M
Crypto investors can’t stop talking about PlayDoge (PLAY) right now. This new P2E game, which combines old-school virtual pets with blockchain tech, is about to wrap up its presale phase. And with just a week left to snag tokens before…
New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud
The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses.…
50 Million US Crypto Owners Urged to Push Kamala Harris to Fire SEC Chair Before Election
Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election…
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps)…
Meme Coins Lose Steam: $20 Billion Wiped From Market Since May
During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google…
Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her…
Indian Authority Arrests Man in Crypto Extortion Case
A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken…