Nigerian blockchain group calls for fair resolution in Binance case
BICCoN believes that a balanced approach can help resolve the current challenges, and empower Nigeria to create a supportive environment for the blockchain industry to thrive.
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Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year. 158 Total views 1 Total shares Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In…

Bitcoin price completes leg down to $37.4K as key indicator hits record ‘oversold’ level
Another slight decline sees Bitcoin at a crossroads as sellers erode a major exchange buy wall. 1510 Total views 2 Total shares Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid support already has traders seeking fresh upside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin buy wall sees big testData from…

French authorities to issue statement on Pavel Durov’s detention
It remains unclear if Durov has been officially arrested or charged.

Income generation on DeFi, explained
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Canada: Regulatory Bodies Call on Crypto Industry to Participate in Securities Law Review
Two national securities bodies in Canada have issued a joint consultation paper on March 14, aiming to gather industry feedback about cryptocurrency token regulation.In a summary press release about the paper, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) said it was necessary to adapt existing laws in order to…

Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023
The first day of Paris Blockchain Week (PBW) is bringing more thoughts on the ongoing crisis in the global banking system, with industry executives comparing the collapses of major cryptocurrency firms like FTX with the fall of banks like Silicon Valley Bank (SVB).On March 22, PBW hosted a panel discussion titled “FTX, Luna, Celsius, 3AC:…

US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities." 607 Total views 5 Total shares The United States Treasury Department's Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including…

Merchants accepting Bitcoin laud ‘zero chargeback risks’, says BitPay report
Bitcoin integration led to positive results for the merchants in this study. BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service,…