Nigerian court postpones money laundering trial of Binance and execs
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
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Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform
American cryptocurrency exchange Bittrex has said that claims of North Korean users trading on its platform are false in a tweet on April 22.In the post, Bittrex stated that it had examined two accounts which allegedly belonged to users from North Korea, noting that it had investigated the same accounts back in October 2017. The…

Bitcoin price drops under $29K as Walmart, Target stock lose most since 1987
Bitcoin (BTC) headed toward an "interesting" liquidity area on May 18 as United States stock markets opened with a bearish bang.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price nears "interesting" rematch with lowsData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it broke through the $29,000 support after the Wall Street open.U.S. markets saw a…

During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack
Crypto communities and the United States Internal Revenue Service haven’t exactly had a love fest over the last five years. It started in 2014, when the IRS said crypto was property, and it hasn’t got much better since. In addition to sending those 10,000 “beware” letters and trying to get crypto exchanges to turn over…

Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH
While LidoDAO’s current inflows of about 1000 stETH are sufficient to cover operating costs for the time being, it’s worried that may not last. 81 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is…

Aussie asset manager to offer crypto ETF using unique license variation
Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization and…

Bitcoin Miner Buys 5,000 ASICs as Network Hash Rate Climbs to New All-Time High
German Bitcoin (BTC) mining company Northern Bitcoin has signed a deal to buy almost 5,000 mining rigs from Bitmain and Canaan Creative, the company confirmed in a press release on July 1.Northern, which is headquartered in Frankfurt but operates a site in Norway, aims to double its capacity, currently operating with 55 petahashes per second. The…

Binance users support 0-fee trading despite CZ’s wash trading concerns
CZ is open to implementing the changes regardless of the challenges that a new system would bring, as he said, “Let’s see what the poll say. We listen to our users.” 294 Total views 9 Total shares Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes…

Chainlink co-founder unveils blockchain payments for TradFi
Chainlink and Swift will introduce a new blockchain integration, simplifying digital asset settlement for financial institutions using existing infrastructure.