IMF backs Nigeria crypto adoption amid local SEC crackdown

A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a member of the executive board of the European Central Bank (ECB), Lael Brainard highlighted the perceived risks still posed by cryptocurrencies.Brainard: crypto exchange…

Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China. 1791 Total views 38 Total shares Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China…

A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19  in an announcement. Upbit said in the announcement that (Know Your Customer) KYC and Korean taxation on cryptocurrency among…

Last week, Coinbase announced that it had acquired Neutrino, a blockchain intelligence startup, which at first seemed like a regular purchase for the ever-growing United States cryptocurrency exchange.However, soon the crypto community learned that Neurino’s key staff are directly affiliated with Hacking Team, a controversial information technology outfit that sells offensive surveillance capabilities to governments,…

Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021.AXS's sharp correction has made it one of the worst performing digital assets among the top-ranking cryptocurrencies. Moreover, it could undergo further declines in the coming months, according to a mix of technical and fundamental catalysts listed below.Low player count…

As of 8 am UTC on Wednesday, Binance users will no longer be able to make euro deposits through their bank. However, they can still fund their accounts with credit cards and debit cards. Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an…