BNB Smart Chain to Include Native Liquid Staking
BitDegree
by Editor-In-Chief, BitDegree
10h ago
Key Takeaways BNB Chain plans to activate native liquid staking on its BNB Smart Chain between April and May, aiming to streamline operations, enhance network security, and provide greater asset liquidity.; This is part of a strategy to transition functionalities from the BNB Beacon Chain, which is set to shut down by June 2024; Alongside liquid staking, BNB Chain will introduce MEV optimization ..read more
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USDT & Up to $30K Deposit Rewards: BitDegree x Bybit New Mission
BitDegree
by Editor-In-Chief, BitDegree
14h ago
..read more
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Nigeria Welcomes New Pro-Crypto SEC Chair
BitDegree
by Editor-In-Chief, BitDegree
14h ago
Key Takeaways Emomotimi Agama, known for his positive stance on cryptocurrencies, has been appointed as the new Director-General of Nigeria's SEC, signaling potential growth for the crypto industry; Nathaniel Luz of Flincap anticipates that Agama's leadership will improve licensing processes for crypto platforms in Nigeria; Lucky Uwakwe highlights Agama's experience as vital for the SEC and the financial ecosystem ..read more
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Samourai Wallet Founders Arrested Over Alleged Money Laundering Activities
BitDegree
by Editor-In-Chief, BitDegree
17h ago
Key Takeaways DOJ arrests Samourai Wallet co-founders, charging them with money laundering and operating without a license; The crypto mixer facilitated over $2 billion in illegal transactions and over $100 million in dark web money laundering; The authorities seized Samourai Wallet's web service and domain, as well as removed its app from the Google Play Store ..read more
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BlackRock Bitcoin ETF Sees Zero Daily Inflows, a First Since Launch
BitDegree
by Editor-In-Chief, BitDegree
20h ago
Key Takeaways On April 24, BlackRock's iShares Bitcoin Trust (IBIT) recorded no new inflows for the first time since its launch; Of the eleven Bitcoin ETFs, only FBTC and ARKB attracted new investments on that day; The US SEC is delaying decisions on Ether ETFs ..read more
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North Korean Hackers Lazarus Use LinkedIn to Steal Crypto
BitDegree
by Editor-In-Chief, BitDegree
2d ago
Key Takeaways Lazarus, a North Korean hacker group, targets the crypto industry on LinkedIn by posing as job-seeking blockchain developers to launch malware attacks; Lazarus is known for orchestrating major crypto heists, including the $615 million Ronin Bridge hack; The group allegedly launders stolen funds back to North Korea to fund military operations ..read more
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US Prosecutors Seek 3-Year Prison Sentence for Binance Founder Changpeng Zhao
BitDegree
by Editor-In-Chief, BitDegree
2d ago
Key Takeaways U.S. prosecutors have requested a 36-month prison sentence for Binance founder CZ Zhao after his guilty plea to charges of violating anti-money laundering laws. The sentencing proposal includes a substantial $50 million fine, highlighting the severity of the legal consequences Zhao faces. Despite legal challenges, Zhao continues to engage with the crypto community and receives significant support from family and industry leaders advocating for leniency ..read more
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Nigerian Central Bank Denies Issuing Directive Against Crypto Exchanges
BitDegree
by Editor-In-Chief, BitDegree
2d ago
Key Takeaways Reports that the Central Bank of Nigeria (CBN) ordered banks to monitor transactions on crypto exchanges were debunked; The CBN confirmed the circulated document was not from their office and advised verifying information through official channels only; The false letter's credibility was influenced by ongoing legal disputes between Nigerian authorities and crypto exchanges ..read more
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Tether Takes Action Against Sanction Evasion in Venezuela with Wallet Freezes
BitDegree
by Editor-In-Chief, BitDegree
2d ago
Key Takeaways Tether plans to freeze wallets using USDT to bypass US sanctions on Venezuelan oil, responding to PDVSA's increased use of crypto transactions; PDVSA also uses intermediaries to conceal the movement of funds; Tether affirms commitment to OFAC compliance ..read more
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Philippine SEC Demands Binance Removal from App Stores
BitDegree
by Editor-In-Chief, BitDegree
2d ago
Key Takeaways The Philippine SEC has ordered Google and Apple to remove the Binance app due to its lack of required licensing; SEC Chair Emilio B. Aquino emphasized that Binance's activities pose a risk to Filipino investors; This action is part of efforts by the Philippine SEC to regulate the crypto market ..read more
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