Key Points: The country blocks access to Nigerian crypto exchanges amid naira’s record lows. Telecommunications providers enforce restrictions on platforms like Binance, Coinbase, and Kraken. The government seeks to control the naira valuation, reflecting the global regulatory trend post-2022 crypto crash. Nigeria has implemented stringent measures in an attempt to stabilize its plummeting national currency,…
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Key Points: Starknet’s STRK token surged 10% as StarkWare addressed community concerns by reducing April’s token unlock. Over 700 million tokens were airdropped, sparking worries of potential dumping by stakeholders. The revised Starkware token unlock schedule includes gradual monthly unlocks, starting with 64 million tokens in April, aiming to stabilize the market. Starknet’s STRK token…
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BTC futures open interest approaches a record high and today’s sharp sell-off triggered alarm from traders. Bitcoin took a shot at $53,000 on Feb. 20, briefly surpassing $52,900 before correcting as the result of $50 million in leveraged long liquidations. Nevertheless, even with a drop to $50,750, Bitcoin futures open interest remains at $23.7 billion, which…
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Tether did not make a specific comment on whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns. Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the…
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Key Points: Vitalik Buterin advocates for enhancing Layer 1 Ethereum features to simplify Layer 2 solutions. Buterin’s ongoing discussions underscore the dynamic nature of Ethereum’s scalability solutions. Ethereum co-founder Vitalik Buterin continues to engage with the challenges facing Layer 2 solutions while emphasizing the need for ongoing improvements in Layer 1 Ethereum features. Navigating…
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Binance urged users to convert and redeem their tokens into other assets before the deadline. Crypto exchange Binance has said it will cease support for some of its leveraged tokens linked to Bitcoin and BNB Binance announced the decision to end support for leveraged tokens paired with Tether on Feb. 19. The leveraged tokens affected include BTCUP and…
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Key Points: Circle discontinues the support of USDC on TRON blockchain, halting USDC minting immediately. The transition period until February 2025 allows Circle Mint customers to transfer USDC or exchange for fiat. Circle has announced its decision to discontinue support for USDC on TRON blockchain, signaling a shift away from minting the stablecoin on this…
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Key Points: Tiffany Fong shares a photo of Sam Bankman-Fried in jail, showing significant physical change. Bankman-Fried reportedly faces challenges in detention, including extortion attempts. Speculation surrounds lighter sentencing for Bankman-Fried, potentially influenced by FTX’s reimbursement plans for fraud victims. Cryptocurrency influencer Tiffany Fong has unveiled a startling image purportedly showing Sam Bankman-Fried in jail…
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Key Points: eBay is reevaluating its NFT strategy, with reports of significant layoffs within the eBay Web3 team, including the resignation of Stef Jay, the business and strategy officer. Recent changes follow eBay’s acquisition of NFT marketplace KnownOrigin in June 2022 and the subsequent purchase of TCGplayer, signaling a significant investment in digital collectibles. eBay…
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Key Points: Binance to list Starknet (STRK) on February 20, 2024. Starknet Foundation launches event, distributing 40 million STRK. Starknet schedules airdrop of 728 million tokens for February 20. Binance lists Starknet (STRK) on Feb 20, 2024. The Starknet Foundation will distribute 40M STRK to DeFi protocols over 6-8 months. Binance has announced the listing…
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