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Nigeria’s National Security Adviser (NSA) is set to label crypto trading as a national security threat, signaling an impending crackdown on peer-to-peer (P2P) crypto transactions, according to local media reports and CryptoSlate sources. The move follows the decision of at least three major Nigerian fintech startups — Moniepoint, Paga, and Palmpay — to block accounts […]
Stronghold Digital Mining announced it is considering a sale or other strategic alternatives aimed at maximizing shareholder value. The announcement came alongside the company’s disclosure of its robust first-quarter financial and operational results on May 2. As part of its strategic review, Stronghold, with the guidance of Cohen and Company Capital Markets and legal advice […]
In the latest episode of the SlateCast, Liam “Akiba” Wright and Nate Whitehill welcomed Bob Bodily, the CEO and co-founder of Bioniq, to discuss the future of Ordinals, the programmability of Bitcoin, and the potential impact of these developments on the broader crypto ecosystem. Bodily, a passionate advocate for the decentralized and permissionless nature of […]
Senator Cynthia Lummis expressed deep concern regarding recent actions by the Biden administration, which she perceives as a threat to the principles of the Bitcoin network and the broader DeFi sector. In a statement released on May 1, Lummis criticized the Department of Justice’s (DOJ) latest legal interpretations, which argue that non-custodial software platforms — […]
Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30 as New […]
Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao said during sentencing: “I failed here … I deeply regret my failure, and I am sorry.” Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more […]
The Newconomics events organization has launched a new podcast, offering an in-depth look at the rapidly evolving world of blockchain, crypto, and the emerging web3 landscape. The Newconomics Podcast, hosted by Megan Carnegie and Hervé Larren, promises to deliver bi-weekly episodes that explore the future of technology and its real-world implications. Megan Carnegie, a writer, […]
House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against the watchdog for overstepping its […]