Fan Token Issuing Startup Socios.com Receives Italian Regulatory License

The sports-based fan token market has surpassed $440 million in market cap since the football fans’ blockchain app Socios.com announced it has received regulatory approval from the Italian government, up 97% from the previous month. Socios.com will now be able to provide cryptocurrency and digital wallet services to fans in Italy. Fan tokens are tokenized assets … Read more

FDIC Calls Out FTX US, Other Crypto Firms to Stop Misleading Users About Deposit Protection

The Federal Deposit Insurance Corporation (FDIC), a US government agency tasked with stabilizing the financial system in the event of bank failures, on Friday issued five cease-and-desist letters demanding five crypto-related firms stop making false and misleading statements about the availability of deposit insurance for their clients. The FDIC ordered five firms behind certain crypto … Read more

Japan’s Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia

Japanese financial giant SBI Group announced that it will shut down its crypto mining operations in the entire country of Russia. Since the outbreak of the big Russian-Ukrainian war on February 24 this year, the company has terminated its crypto mining operations in Russia’s Siberia region. Chief Financial Officer Hideyuki Katsuchi announced plans to sell … Read more

Nigeria’s eNaira Records 200,000 Transactions Worth Over $10 Million Since October

Godwin Emefiele, the Governor of the Nigerian Central Bank, said on Thursday that the eNaira, Nigeria’s Central Bank Digital Currency (CBDC), is expected to enter the second phase of its expansion through new technology to increase its user base. The Central Bank Governor delivered a speech in eNaira Hackathon event on Thursday where he talked … Read more

South Africa’s Monetary Authority Ask Banks to Work with Crypto Exchanges

The South African Reserve Bank (SARB), the Central Bank of South Africa, has formally advised local commercial banks to work with cryptocurrency exchanges/crypto asset service providers (CASPs). The Central Bank on Thursday issued a guidance note to commercial banks for dealing with transactions by crypto asset service providers. In the note, signed by Fundi Tshazibana, … Read more

Burning NFT’s Will Be Possible In A Crypto Wallet Based In Solana To Safeguard Users From Scammers.

To defend Solana users from cryptocurrency scammers, Phantom, a Solana-based cryptocurrency wallet, revealed that users will be able to begin burning non-fungible tokens (NFTs). This is just weeks after the Solana blockchain was the target of the most recent cryptocurrency theft, in which thousands of users reported having their cash secretly taken from them. Spam … Read more