Nigeria's government is advancing plans to incorporate cryptocurrency transactions into its tax framework, with lawmakers reviewing legislation expected to pass in early 2025.

FTX's bankruptcy estate is beginning with small claims customers, disbursing $1.2 billion worth of repayments in this initial round.

Robinhood plans to launch crypto trading services in Singapore by late 2025, through its Bitstamp acquisition, marking a strategic expansion into Asia's digital asset hub. The move aligns with Singapore's crypto-friendly regulations and Robinhood's broader global growth strategy.

Nigeria will tax crypto transactions to boost revenue. New reforms include VASP licensing, shifting from past crypto bans.

LIBRA scandal, rising BTC dominance and macro uncertainty has exerted more bearish pressure on crypto market.

Stablecoin use in emerging markets soars despite the absence of crypto-friendly regulations and basic banking infrastructure. Will the US catch up to this trend?

FTX set up the next record date for larger claims on April 11. The date will be in preparation of the distribution period starting on May 30.

Nigeria's Securities and Exchange Commission (SEC) is working on a plan to tax crypto transactions as part of a broader effort to increase government revenue, Bloomberg reported on Feb. 18. According to the report, the regulatory body intends to bring eligible crypto transactions on licensed exchanges under the country's tax framework.

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Defunct crypto exchange FTX will commence its next distribution on May 30, following initial repayment that started this week.

Charles Schwab is reportedly creating a new executive position as the financial service giant expands its tentacles into the crypto assets investment space. The new position, head of digital assets, will be responsible for Charles Schwab's overall crypto assets strategy, reports Barron's.

Following a session token oversight in Cardex, unauthorized transfers drained funds from several wallets on the AbstractChain network while the primary system remained secure. Company engineers now urge users to revoke existing approvals and are preparing a detailed audit of the incident.

Raj Dhamodharan, who heads Mastercard's crypto and blockchain division, says many traditional finance firms, including Mastercard, are shifting their focus from crypto experimentation to practical solutions. In a recent interview, Dhamodharan discussed “moving beyond (crypto) experimentation” and focusing on real solutions.

The bankrupted crypto exchange started repaying its creditors on Feb. 18, over two years after its dramatic collapse.

Despite asset transfer speculation, CZ confirms Binance is not for sale, though the exchange is open to strategic partnerships and mergers.

Abstract Chain saw an ongoing, widespread attack of drained wallets. Abstract wallets, which gave a permission to Web3 apps, are getting drained of ETH, with estimates for losses between 9.9 ETH and up to 300 ETH.

An initial batch of customers of bankrupt exchange FTX are beginning to receive their funds over the next few days.

A West Virginia lawmaker recently introduced a bill that, if passed, would enable the state government to invest up to 10% of public funds into Bitcoin (BTC), stablecoins and/or precious metals.

Creditors have begun receiving funds from the estate of bankrupt crypto exchange FTX, on-chain data shows. According to a new post on the social media platform X, blockchain analytics firm Arkham spotted the distributions going through Bitgo and US-based crypto exchange Kraken.

FTX Trading Ltd. (FTX.com) and the FTX Recovery Trust have announced the next distribution date for customer and unsecured claims.

Crypto custody firm BitGo has announced the launch of a global over-the-counter crypto trading desk that will feature spot and derivatives trading, among other products.

Norwegian authorities have indicted four individuals for their involvement in an extensive fraud and money laundering operation that deceived thousands of victims across multiple countries.

Nigeria is changing its crypto rules, as the government wants digital asset transactions taxed and regulated. The Securities and Exchange Commission (SEC) confirmed on Tuesday that it is working on new rules to bring all eligible transactions into the formal tax net.

Yield basis raises $5 million to combat impermanent loss in defi liquidity pools

As per a latest report from Bloomberg, Crypto custody firm BitGo Inc. has introduced a global over-the-counter trading desk for digital assets as part of its plan to go public. With rising demand for cryptocurrencies from institutional investors, BitGo is expanding its services.

Many FTX creditors who use Kraken confirmed on Tuesday via Reddit that refunds have started landing in their accounts, covering creditors with claims under $50,000. Sunil, an FTX creditor tracking the process, said the exchange has already paid out $800 million from a $1.2 billion round of distributions.

Blockaid has raised $50 million in a Series B round led by Ribbit Capital to enhance its cybersecurity efforts.

LTP has obtained five key licenses from the Hong Kong Securities and Futures Commission, positioning itself as a regulated leader in the industry. The licenses, granted to its Hong Kong subsidiary LiquidityTech Limited, cover a broad range of regulated activities.

Hong Kong's gold tokenization could revolutionize digital finance, enhancing global market integration and setting new standards for asset security. The post Hong Kong explores gold tokenization to boost investment flexibility and security appeared first on Crypto Briefing.

Scammers impersonate Binance via SMS to steal login details. Phishing scams dropped 56%, but Telegram scams surged over 2,000% since November 2024.

Crypto users face an increasing wave of SMS fraud scams as cybercriminals impersonate Binance to steal login credentials and access funds. Authorities urge investors to activate two-factor authentication (2FA) to prevent unauthorized account takeovers, as similar scams have led to millions in losses across the industry. The post Police Warn of Surge in SMS Fraud Targeting Crypto Users appeared first on Cryptonews.

Creditors of the defunct crypto exchange FTX have begun receiving their initial payouts, marking a major milestone in the company's ongoing bankruptcy proceedings. Claimants with approved amounts under $50,000 are receiving full reimbursements, plus 9% annual interest accrued since FTX filed for Chapter 11 bankruptcy in November 2022.

Some coins are knee-deep in controversy and negative sentiment, while others are rallying amid bullish commentary from investors.

The cryptocurrency landscape is experiencing an unprecedented surge in token creation, with January 2024 marking a new high of over 600,000 new tokens launched in a single month. This record-breaking figure, highlighted by CoinGecko co-founder and COO Bobby Ong, is raising concerns about market saturation and the future of altcoin investment.

Victims of the alleged Ponzi scheme were encouraged to invest in non-existent “product packages” containing cryptocurrency and shares.

The FTX estate kicked off creditor repayments on Feb. 18 by 10 a.m. Eastern Time, almost three years after the crypto exchange collapsed.

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The company provides security solutions for some of the largest crypto firms and projects including Coinbase and MetaMask.

Ripio, a leader in the digital asset management space, has been authorized as a money transmitter from Mexico's National Banking and Securities Commission (CNBV). This new registration allows Ripio to work with national and international money transfers and broadens its immersion in the Latin American financial world.

America's Fort Knox, Kentucky gold reserves haven't been audited in more than 50 years.

In a latest development, Nigeria plans to update its digital asset regulations to tax crypto transactions, according to a Bloomberg report. This change would bring all eligible crypto transactions on regulated exchanges under the tax system, which could generating significant revenue for the country.

The Bahamian arm of FTX starts reimbursing smaller creditors today, though the repayment model based on 2022 prices has left some feeling shortchanged amid Bitcoin's 390% surge.

Kinto, the on-chain financial platform built atop Ethereum, received on Monday a whooping 20 million dollars funding by Brevan Howard Digital, the digital assets division of the prominent global alternative investment management firm. This funding has made Brevan Howard Digital one of the first traditional firms to trust the potential of Ethereum L2's on-chain reward

In an effort to intensify regulations over the digital asset market, the Nigerian government is introducing crypto taxation. Nigeria's Securities and Exchange Commission (SEC) is spearheading a major regulatory reform aimed at incorporating cryptocurrency transactions into the country's tax framework.

After months of waiting, the FTX repayments to creditors have finally begun. However, despite widespread beliefs that this would be a bullish signal, crypto markets are in the red today.

The payments are being distributed in U.S. dollars through BitGo and Kraken.

A fraudulent platform disguised as popular memecoin launchpad “Four.meme” ascended to the top of Google search results in a phishing campaign designed to deceive users into engaging with the malicious clone website. Phishing attacks have become prevalent in crypto, evolving with current industry trends and technological advancements to exploit people.

The regulator's cases against Coinbase and Binance are on shaky ground following the creation of the Crypto Task Force.