Nigeria's cryptocurrency market exceeds $400 million, with 33.4% of Nigerians actively trading or using crypto amid a 40% depreciation of the Naira in 2024. Regulatory uncertainty and cybersecurity risks pose challenges despite $56.7 billion in crypto transactions from July 2022 to June 2023.
AnaisBitFlyer plans to acquire FTX Japan for billions of yen, aiming to reposition it as a digital asset management firm for institutional investors. FTX's restructuring involves selling subsidiaries to repay creditors, with ongoing disputes over cash versus crypto repayments.
ZeZhengFTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.
Xu LinIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanThe Jonum regime seeks to strike a balance between encouraging innovation in French startups and ensuring user protection.
ClementReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
Others
Coinlive Terra co-founder Daniel Shin has been wrapped in as one of the witnesses for South Korea's National Assembly.
BeincryptoThe Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.
CoindeskThe bill will now be carried with support to the State Senate for passing before a final sign-off into law by Governor Hochul.
Cointelegraph