Author: Jai Sahu

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Nigerian Police Arrest Crypto Star for Fraud Crackdown

The Nigerian Police Force has escalated its efforts against crimes involving cryptocurrencies by detaining well-known crypto figure Linus Williams, who is popularly known as BLord. The arrest was confirmed by the Force Public Relations Officer, Olumuyiwa Adejobi, through a statement issued on July 17. According to the announcement made on X, BLord was arrested due […]
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Malaysia Loses $723M in Electricity to Illegal Crypto Mining Since 2018

From 2018 to 2023, unauthorized crypto mining operators in Malaysia have illicitly appropriated electricity valued at $723 million. During a recent event, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir, disclosed these figures as authorities destroyed around $467,000 worth of confiscated items, including Bitcoin mining devices and other electrical equipment. […]
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Tezos Foundation Partners with Baanx for Non-Custodial Crypto Card

Introduction of the Tezos-Branded Card The Tezos Foundation has partnered with Baanx to introduce a Tezos-branded, non-custodial crypto card. This innovative card will operate on Etherlink, an Ethereum-compatible Layer 2 blockchain enhanced by Tezos Smart Rollups technology, facilitating swift and cost-effective transactions. The Tezos Foundation-backed card will be widely accepted by over 110 million merchants […]
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Indian Crypto Exchange Coindcx Acquires Dubai’s BitOasis

India’s CoinDCX has acquired the Dubai-based crypto trading platform BitOasis, aiming to broaden its reach into new markets. The Indian exchange previously invested in BitOasis in August 2023. Rapid Growth and Strategic Investments Since its inception in 2018, CoinDCX has grown to serve over 15 million users and offers more than 500 crypto assets, with […]
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KoinX, Mudrex Partner to Simplify Crypto Taxation for Indian Users

Mudrex, a Bengaluru-based cryptocurrency investment platform, has partnered with the crypto tax computing platform KoinX. Through this collaboration, Mudrex’s users in India can efficiently manage their crypto taxation filings before the looming deadline. In India, crypto transactions attract a 1 percent tax deducted at source (TDS), and the finance authorities are closely monitoring the Web3 […]
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US Treasury, IRS finalize New Crypto Tax Reporting Rules

By Hannah Lang (Reuters) – The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users’ sales and exchanges of digital assets to the Internal Revenue Service related to New Crypto Tax Reporting Rules. Impact of New Crypto Tax Reporting Rules Requirements The […]
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UAE Leads in Global Crypto Adoption, Vietnam Second

Cryptocurrency adoption is accelerating worldwide, with significant growth in the UAE and Vietnam. Singapore, though a financial powerhouse, is slower to embrace digital currencies than its regional neighbors. New data from Triple-A shows notable differences in cryptocurrency engagement across various countries. Explore the latest statistics on global cryptocurrency adoption, with the UAE and Vietnam at […]
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Bitget and Foresight Launched $20M Fund For TON Ecosystem

Introduction of the $20 Million TON Ecosystem Fund VICTORIA, Seychelles, June 26, 2024 /PRNewswire/ — Bitget, the prominent cryptocurrency exchange and Web3 company, has announced a $20 million TON Ecosystem Fund in partnership with the Singapore-based investment firm Foresight Ventures. This fund aims to support early-stage projects building on The Open Network (TON). This strategic […]
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Nigerian SEC Issues New Digital Asset Rules and Compliance

The Nigerian securities regulator announced on June 21 that it had updated the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […]
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Canada’s 3iQ to Launch North America’s First Solana ETP

3iQ, a prominent Canadian investment management firm, announced on Thursday their submission of a prospectus to the Ontario Securities Commission (OSC) for launching a novel exchange-traded product (ETP) on the Toronto Stock Exchange (TSX). This ETP, exclusively focused on Solana (SOL), is named “Solana Fund” and will trade under the ticker QSOL upon OSC approval, […]
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