Despite the naira’s struggles and Nigerians exploring other currency options, the Nigerian government refuses to acknowledge its role in the issue. Instead, it has pointed a finger at Binance as the cause of the naira’s decline and arrested two of its employees. In terms of the naira’s worth, it’s past due for the Nigerian administration … Read more
Analysts are undecided on whether there will be litigation if there is an ETH ETF rejection in May. But the odds of approval in May remain very low across the board. With the deadline approaching, it appears uncertain that Ethereum [ETH] ETFs will be approved by May. Some are already speculating about the potential consequences … Read more
A company named Community Labs, which is known for creating software solutions in the Web3 sector, is preparing to initiate a 10-week business incubator named AO Ventures. This program will specifically cater to projects within the Arweave (AR) ecosystem and will begin with an initial investment of $35 million. Starting on April 23rd, the initiative … Read more
Sam Bankman-Fried, ex-CEO of FTX and now facing a 25-year sentence, has asked the court for permission to serve his time in a New York City jail rather than one in California. On April 8, Bankman-Fried’s lawyers requested that Judge Lewis Kaplan in the Southern District of New York approve an order enabling their client, … Read more
A representative from Chainlink shared with CryptoMoon that their newest application for cross-chain messaging is designed to tackle the significant security challenges associated with transferring cryptocurrencies between different blockchains. “Chainlink CCIP, which underpins Transporter, is the only cross-chain protocol that achieves level-5 security, a defense-in-depth design to give users true peace of mind.” On April … Read more
BNB’s funding rate has been mostly negative since the beginning of the month. BNB accumulation remains steady in the coin’s spot market. The cryptocurrency Binance Coin (BNB) is exhibiting vulnerability in the perpetual futures market as evidenced by the largest negative funding rates among the top five digital assets, according to Coinglass’ statistics for this … Read more