CoinQue Chronicles
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Nigeria is set to license crypto firms starting this month, marking a significant regulatory move in the region. Meanwhile, as the 2024 elections approach, the crypto industry has placed a $119 million bet on pro-crypto candidates. In a related development, Ryan Salame exposes a government betrayal regarding a broken plea deal involving FTX. Additionally, crypto exchange WazirX has suspended all open orders, raising concerns within the community. Finally, the US SEC has delayed the approval of a Solana ETF. Keep reading for more details.
Nigeria to License Crypto Firms Starting This Month
Nigeria’s SEC is reportedly set to license virtual asset service providers.The SEC’s Director-General Emomotimi Agama claims the agency plans to issue its first licenses for digital services and tokenized assets this month. Agama noted that the move responds to increasing demand for crypto in Nigeria, which has seen significant market growth. Read more?
2024 Elections: Crypto Industry’s $119M Bet on Pro-Crypto Candidates
The 2024 election cycle has marked a significant turning point for the cryptocurrency industry, intertwining digital assets with political strategies like never before. In a bold move, the crypto sector has funneled an impressive $119 million into the presidential race, primarily to elect pro-crypto candidates. Read more?
Ryan Salame Exposes Government Betrayal in Broken FTX Plea Deal
FTX executive urges the court to enforce a plea deal that promised to end the investigation into his partner, Michelle Bond. Despite Salame’s guilty plea, federal prosecutors continue investigating Bond for campaign finance violations related to her 2022 congressional run. Lawyers request either halting the Bond investigation or revoking Salame’s 7.5-year sentence if the government doesn’t honour its deal. Read more?
Crypto Exchange Wazirx Suspends All Open Orders, Sparking Community Concerns
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Indian cryptocurrency exchange WazirX has announced that the exchange will be canceling all open orders currently placed on the exchange. The move is part of their efforts to settle the issue of INR and crypto balances on the exchange. However, the crypto community was pissed at the decision, with some even questioning why it wasn’t done earlier.? Read more?
US SEC Delays Solana ETF Approval
The SEC recently rejected two Solana ETF filings, halting the approval process. The outcome of the 2024 U.S. presidential election will likely be a major driver for further approvals. Analysts are largely pessimistic about Solana's chances under the current administration—even more so if Harris becomes president. Read more?
Exclusive Insights from Our Co-founder?
Our Co-founder had the honor of participating alongside industry experts to delve deep into the legal ramifications of the WazirX cyberattack, potential avenues for consumers seeking justice, and the broader impact on India's digital asset landscape.
The discussion featured:
Watch the full discussion here:? https://www.youtube.com/watch?v=7bBTt3ZFtyo
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