China arrests 1,100 over cryptocurrency money laundering
China has arrested more than a thousand people for using the profits from crime to buy cryptocurrencies, security officials said, as part of a growing crackdown on the industry.
El Salvador Becomes First Country To Adopt Bitcoin As Legal Tender
El Salvador has become the first country in the world to approve bitcoin as a legal tender. A majority of 62 out of 84 lawmakers in the Central American country voted in favour of the Bitcoin Law on Tuesday. "The #BitcoinLaw has just been approved by a qualified majority" in the legislative assembly, El Salvador's…
OctaFX takes a stand against copycats, impostors
The phenomenon of fake websites and fake social media accounts is not new and has been a severe issue since the dawn of the internet. It gives enormous blows to the legitimate business being imitated and calls for immediate action. Let’s take a look at how to spot fraud and which steps to take to…
Russian-Canadian Programmer Named As World's Youngest Crypto Billionaire
A Russian-Canadian programmer has officially been crowned the world's youngest crypto billionaire. Vitalik Buterin, 27, reached billionaire status after digital currency Ethereum surged above a $3,000 price mark Monday. The celebrity crypto guru co-founded Ethereum, the second-biggest cryptocurrency after Bitcoin, in 2015. Ethereum has attracted a huge following in the world of decentralized finance, thanks…
EFCC places red flag on bitcoin, forex trading, others
The Economic and Financial Crimes Commission (EFCC) has warned that any investment that promises returns that "looks too good to be true should be considered a red flag." "Though risk-taking is considered by some as the oxygen that drives investment decisions, the Commission wishes to warn the public against taking unmitigated risk in desperation to…
Turkey probes second crypto exchange as market implodes
Turkey on Saturday detained the chief of one of the country's biggest cryptocurrency firms after launching a manhunt for the founder of another exchange who fled to Albania.
Bitcoin hits record high above $62,000
Bitcoin hit a record high above $62,000 Tuesday as the cryptocurrency exchange Coinbase prepares to launch shares on Wall Street.
PayPal allows US shoppers to make cryptocurrency purchases
PayPal on Tuesday began allowing people in the United States to use cryptocurrency to make purchases from millions of merchants that use the financial platform for online transactions.
Nigerians' appetite for bitcoins grows despite ban
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make an online payment. But the 10 percent gain on his wallet’s balance after a few days fired up the 27-year-old's interest.