Nigeria's crypto scene took a big hit last year. The government banned unlicensed crypto platforms, causing panic among investors. Things got even messier when two Binance executives were detained, with one of them, Tigran Gambaryan, jailed until the U.S. government intervened to secure his release in October.

FTX Trading Ltd. and the FTX Recovery Trust have revealed that the distribution to creditors will begin on February 18, 2025

Dave Portnoy, an entrepreneur and owner of Barstool Sports, has made $70,000 off meme coins before dumping them, he said.

According to reports, the Indiana native was sentenced to 20 years in federal prison, with supervision to follow for three years after his release.

A closely followed crypto analyst is warning that the digital assets market may be heading lower if the correlation between crypto and stocks holds. In a new thread, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that the crypto market may correct deeper as stocks tumble.

Rapper Ye, formerly known as Kanye West, has urged Coinbase CEO Brian Armstrong to avoid intermediaries, following his revelation that he rejected a $2 million offer to promote a fraudulent cryptocurrency scheme.

Rapper and entrepreneur Kanye West, now known as Ye, has revealed that he turned down a $2 million offer to participate in an alleged crypto scam targeting his fan base. The post Kanye West Says He Rejected $2 Million Offer to Promote Alleged Crypto Scam appeared first on Cryptonews.

Cryptocurrencies including Bitcoin tanked sharply last week after US President Donald Trump announced raised tariffs on China, Canada, and Mexico. While tariffs do not necessarily have anything to do with digital assets, the decline was primarily the global economic uncertainty that may be triggered once and if the new tariffs take effect in March.

After the recent crypto market corrections, some investor's and market watchers' bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don't signal a cycle peak yet, suggesting that the bull still has some gas in its tank.

Rapper Kanye West disclosed that he was offered $2 million to promote a fake crypto. Kanye posted a screenshot where he said he will ask for Coinbase CEO phone number.

Billionour rapper Kanye West now known as Ye, has set social media on fire with a series of tweets about cryptocurrency. Over the past 12 hours, he has posted more than 20 tweets, sharing his thoughts on everything from crypto scams to buying crypto directly without a middleman.

FTX Creditor Payouts have begun for claims under $50,000.

In a recent development, Sunil, the representative of FTX creditors, in a latest X post shared that FTX has sent emails to creditors with less than $50,000 to inform them of the initial allocation of funds.

Crypto derivatives exchange Deribit has officially pulled out of the Russian market due to new sanctions imposed by the European Union. The company, based in the Netherlands, announced that it can no longer provide services to Russian citizens and residents unless they meet specific conditions.

TL;DR The SEC discovered that TrueUSD, a well-known stablecoin in the market, had almost all of its reserves in a high-risk fund. Tether has also been questioned for its lack of transparency regarding its reserves, which led to sanctions against the company.

TL;DR Artificial intelligence and DeFi can converge (DeFAI) to enhance automation, security, and accessibility in the blockchain ecosystem. AI optimizes investment strategies with models that analyze markets and adjust assets in real time. Its implementation presents challenges in privacy and decentralization, requiring a balance between automation and user control.

Kanye West, aka Ye, says he rejected a $2 million offer to promote a cryptocurrency scam, which involved posting a fraudulent promotion and later claiming his account was hacked.

Gemini, the popular cryptocurrency exchange run by the Winklevoss twins, is exploring a possible initial public offering. According to multiple sources, including Bloomberg, the leading crypto custodian and exchange has been meeting advisers on the potential public listing.

The cryptocurrency market is once again in the spotlight as we witness a new bull run unfold. However, the cycle is evolving this time with unique characteristics that distinguish it from previous market upswings.

Deribit's decision to leave Russia comes amidst mounting international sanctions.

The FBI warns that scammers are exploiting Valentine's Day to lure victims into fraudulent cryptocurrency investments, using fake identities and deceptive websites to steal funds.

The MetaMask creator lost access to its bank account due to U.S. restrictions on crypto businesses but stayed operational using backup accounts. Under Operation Chokepoint 2.0, banks were pressured to close crypto accounts.

Following Trump's victory, issuers have flooded the SEC with spot crypto ETF applications, including niche products like Dogecoin and Trump-themed funds.

Bitwise's Matt Hougan said retail crypto sentiment is “the worst it's been in years,” amid the Crypto Fear and Greed Index falling to a “Fear” score of 44.

Solana-based Phantom wallet users are being targeted by phishing scammers attempting to steal private keys through fake update prompts, according to a report by CoinTelegraph. Web3 security platform Scam Sniffer issued a warning on Feb. 6 about fraudulent update extension signature requests designed to compromise real Phantom wallets.

Federal Reserve Governor Christopher Waller has voiced strong support for the regulated adoption of stablecoins, emphasizing their potential to reinforce the US dollars global dominance. Speaking at the Atlantic Council on February 6, Waller, who oversees the Fed Boards payments subcommittee, highlighted how well-regulated stablecoins could expand the dollars influence in global trade, finance, and investment.

Czech President Petr Pavel has signed a new cryptocurrency law, aligning the nation with the EUs Markets in Crypto-Assets (MiCA) regulation and providing long-awaited regulatory clarity. The legislation aims to simplify tax rules, support innovation, and facilitate banking access for licensed crypto businesses, marking a major milestone for the countrys digital asset industry.

Brazils central bank president, Gabriel Galipolo, highlighted a significant rise in cryptocurrency adoption, with stablecoins accounting for 90% of the nations crypto flow. Speaking at a Bank for International Settlements event in Mexico City, he attributed this growth to increased digital currency use for international purchases, complicating regulatory oversight and taxation.

Coinbase is transforming into a financial giant, rivaling banks and brokerages with $420 billion in assets. CEO Brian Armstrong envisions a future where crypto dominates financial services. Coinbase Surpasses Banks, Envisions a Unified Crypto-Powered Financial System Coinbase (Nasdaq: COIN), the largest publicly traded cryptocurrency exchange in the U.S.

Kanye West claimed he turned down a $2 million offer to promote a fraudulent meme coin that involved a staged hack.

Franklin Templeton's crypto ETF is set to offer institutional investors regulated exposure to bitcoin and ether, pending SEC approval, with secure custody and no staking risks. Franklin Crypto Index ETF Awaits SEC Approval, Plans to Trade on Cboe BZX Exchange Franklin Templeton filed Amendment No. 2 to its Form S-1 Registration Statement with the U.S.

Hip hop mogul and self-proclaimed billionaire Kanye West wants to chat with Coinbase CEO Brian Armstrong about purchasing crypto “without a middle man,” according to a Friday post by the rapper on X.

The world's second-largest crypto exchange by trading volume is re-entering the Indian market after securing mandatory registration with regulators and paying a $1 million fine. Last month, Dubai-based exchange Bybit announced a temporary suspension in India, preventing users in the country from opening trades or accessing products on its platform and only allowing withdrawal transactions.

The rapper asked a rhetorical question about "a coin" earlier on Friday, raising speculation whether he would launch a token.

A coalition of software firms recently launched Nigeria's first compliant stablecoin, cNGN, which is now included in the Nigerian Securities and Exchange Commission incubation program. Stablecoin to Bring ‘Stability' to Nigeria's Digital Economy A coalition of software firms recently launched what has been described as Nigeria's first “compliant” stablecoin, cNGN.

Decentralized credit protocol Maple reported that none of the platform users' positions were liquidated during the Feb. 2 price crashes, resulting in no bad debt. It also reported that users deposited $10 million to reinforce their margins over the period to avoid liquidation events.

The Economic and Financial Crimes Commission (EFCC), a law enforcement agency in Nigeria, busted a major crypto crime ring with hundreds of potential criminals. Among them, 53 individuals have been officially charged.

With Coinbase crossing $420 billion in assets, CEO Brian Armstrong is comparing the top US-based crypto exchange to leading US banks. In a new post to the social media platform X, Armstrong lays out the case for why he thinks Coinbase is now competing with the largest US banks, brokerages and payment companies.

CFTC Acting Chair Caroline Pham announced a CEO Forum today, building off an idea she pitched in 2023. This forum will gather crypto industry representatives to discuss digital asset markets, especially stablecoins.

The Commodity Futures Trading Commission (CFTC) which regulates the U.S. derivatives market said it will hold a CEO Forum with leaders from Coinbase, Ripple, Circle, Crypto.com, and Moonpay to evaluate a digital asset markets pilot program.

A discussion draft introduced by Hill and Steil imposes a temporary ban on certain stablecoins while assessing market risks.

The cryptocurrency market is facing uncertainty as Bitcoin held firm while Ethereum struggled.

It marks the latest release for the community of coders, artists and technologists that have been quietly tinkering in the shadows for years.

InkChain's growth highlights the increasing importance of Layer 2 solutions in enhancing DeFi scalability and interoperability. The post Kraken's Ink sees explosive growth as DeFi powerhouse appeared first on Crypto Briefing.

Burwick, leading the case against Pump.fun, claims the platform allowed offensive tokens targeting his family in an effort to intimidate him. Pump.

Utah cleared its digital assets bill through the state house, and Kentucky and Maryland introduced their own efforts, making it 18 states working on such bills.

Coinbase said the judge's opinion “narrowed the scope of discovery in this case,” adding that, “We look forward to vindicating the remaining claims” in court.