Author: Karikari Daniel

Article written by Karikari Daniel

Guarda Wallet Launches Prepaid Visa Card with Support for Additional Assets

December 29, 2022 1 min read

Guarda, a secure non-custodial cryptocurrency wallet and platform, has announced that its prepaid Visa card now supports more assets, including BUSD, SHIB, DOGE, AAVE, and ATOM. The card, which can be virtual or plastic, allows users to make payments in-store or online and withdraw up to 500 EUR daily or 2500 EUR monthly from an ATM. To use the card, users must first top it up with cryptocurrency from one

Kraken crypto exchange exits Japan

December 28, 2022 1 min read

Cryptocurrency exchange Kraken is closing down its operations in Japan at the end of January due to current market conditions. In a blog post, the company explained that it does not have the resources to continue growing its business in Japan at this time. As a result, Kraken will deregister from Japan’s Financial Services Agency, the regulator responsible for overseeing the stability of the country’s financial system. All affected clients

Pessimistic Donkey College NFT Project Set to Launch

December 28, 2022 1 min read

Pessimistic Donkey College, a new non-fungible token (NFT) project focused on long-term growth and the investor community, is set to launch on January 15, 2023. The market for NFTs has seen a 60% decline from Q3 to Q4 this year and has fallen for the 6th consecutive month, leading to a sense of pessimism in the industry. In an effort to revitalize the bear market, Pessimistic Donkey College said it

Japan to Allow Foreign Stablecoins in 2022

December 27, 2022 1 min read

Japanese authorities are reportedly reconsidering their regulations on the use of stablecoins like Tether (USDT) in the cryptocurrency market. According to Japanese news outlet Nikkei, the Financial Services Agency (FSA) of Japan will allow the domestic circulation of foreign-issued stablecoins starting in 2023. Local exchanges in Japan will be permitted to facilitate stablecoin trading if they meet certain requirements for asset protection through deposits and have a maximum remittance. The

Nigeria Proposes New Law to Encourage Cryptocurrency Adoption

December 26, 2022 1 min read

Nigeria has proposed a new law that could encourage wider adoption of cryptocurrency in the country. If the Investments and Securities Act, 2007 (Amendment) Bill is passed, the Nigerian Securities and Exchange Commission (SEC) will recognize cryptocurrencies and other digital assets as valid investments. The bill will also outline the roles of the Central Bank of Nigeria and the SEC in relation to cryptocurrencies. The proposed legislation comes at a

Sam Bankman-Fried has been granted bail in the amount of $250 million

December 23, 2022 1 min read

Sam Bankman-Fried, the founder of FTX, has been granted bail in the amount of $250 million, the highest pretrial bond on record, after being charged with wire fraud, money laundering, and violating campaign finance laws. Bankman-Fried has agreed to be confined to his parents’ home in Palo Alto, California and report to pretrial services by Friday morning. The high bond amount is due to Bankman-Fried’s notoriety and the risk of

The President of Brazil signs a bill that establishes a regulatory framework for the use and trading of bitcoin in the country

December 22, 2022 1 min read

The President of Brazil, Jair Bolsonaro, has signed a bill into law that establishes a regulatory framework for the use and trading of bitcoin in the country. The new law, which will come into effect 180 days after being signed, recognizes bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset, but it does not make bitcoin or any

FTX crypto exchange claims it has over $1B in cash

December 21, 2022 1 min read

The new management team of bankrupt cryptocurrency exchange FTX has reportedly claimed it has over $1 billion in cash assets held by U.S. financial institutions. The team is also seeking to retrieve millions of dollars in political and charitable contributions made by former CEO Sam Bankman-Fried. FTX has identified $720 million in cash assets in U.S. financial institutions that have been authorized by the U.S. justice department to hold funds,

Israeli government to seize all funds in over 150 crypto wallets that have been blacklisted for allegedly funding terrorist groups

December 19, 2022 1 min read

An Israeli court has ruled that the government can seize all funds in over 150 cryptocurrency wallets that have been blacklisted for allegedly funding terrorist groups. According to local media reports, the Tel Aviv Magistrate Court issued the ruling on December 15, 2021, and it has already allowed authorities to seize an additional $33,500 from wallets linked to Hamas, a militant group classified as a terrorist organization by several countries

Nigeria to pass a law legalizing the use of bitcoin and other cryptocurrencies

December 19, 2022 1 min read

According to a local Nigerian newspaper, the chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria, Babangida Ibrahim, has stated that the country is planning to pass a law legalizing the use of bitcoin and other cryptocurrencies. If the proposed amendments to the 2007 Investments and Securities Act are passed, bitcoin will be recognized as legal capital for investment in Nigeria. This would be a

The former co-CEO of FTX Digital Markets informed authorities of potential fraud at FTX days before bankruptcy

December 16, 2022 2 mins read

Two days before FTX was forced to close, Ryan Salame, the former co-CEO of FTX Digital Markets (FDM), informed the Securities Commission of the Bahamas (SCB) of potential fraud at the cryptocurrency exchange. According to court records filed on Dec. 14, Salame told the SCB that FTX was transferring customer funds to its sister trading firm Alameda Research to cover financial losses, a move that was not allowed or consented

Binance crypto exchange resumes USDC stablecoin withdrawals on its platform

December 14, 2022 0 mins read

Binance, the world’s largest cryptocurrency exchange, has resumed USDC stablecoin withdrawals on its platform. This follows a “temporary pause” on Tuesday while the exchange carried out a “token swap” that required New York banks to be open in order to allow BUSD to fiat and USDC conversion. On Tuesday, Binance saw at least $5.2 billion worth of stablecoin outflows, its highest ever recorded by on-chain data analytics firm CryptoQuant. Binance’s