At the BRICS 2024 Kazan Summit, member nations focus on cryptocurrency and CBDC initiatives like Russia's m-Bridge to diminish dollar reliance in cross-border transactions.
The arrest and release of Binance compliance officer Tigran Gambaryan in Nigeria strained U.S.-Nigeria relations, underscoring challenges in cryptocurrency regulation and diplomatic negotiations.
Coinbase files two Freedom of Information Act (FOIA) requests to seek clarity from U.S. regulators, particularly the FDIC, regarding limitations on bank deposits from crypto firms.
MakerDAO’s rebranding to Sky has seen poor market performance, prompting a reconsideration of the change. The new token, SKY, has declined by nearly 27%, while the USDS stablecoin shows promising on-chain metrics.
Federal High Court in Abuja convicts Official Gredo Limited for unauthorized USDT-Naira trading, ordering the forfeiture of N140 million and imposing a N1 million fine for illegal financial activities.
Ledger CEO Pascal Gauthier highlights the importance of self-custody in crypto at Blockchain Life Dubai, arguing that without self-custody, the core purpose of cryptocurrency is lost, despite innovations like Bitcoin ETFs.
Binance and Crypto.com face declining market share as smaller exchanges like Bybit and OKX gain ground, and decentralized exchanges (DEXs) continue to rise in popularity.
Minneapolis Fed President Neel Kashkari claims most cryptocurrency transactions are for drugs or illegal purposes. Crypto proponents counter with facts on crypto's growing legitimacy and usage.