SEC Nigeria pushes for full transparency in crypto transactions to combat fraud

SEC Nigeria pushes for full transparency in crypto transactions to combat fraud

The Securities and Exchange Commission (SEC) has reiterated its commitment to leveraging blockchain intelligence to combat the growing wave of cryptocurrency-related fraud, in a decisive move to strengthen oversight of Nigeria’s digital asset ecosystem. Speaking at a joint webinar hosted by SEC Nigeria and global blockchain analytics firm Chainalysis on Monday, SEC Director-General Dr. Emomotimi Agama emphasized the need for full transparency in crypto transactions as a cornerstone of regulatory enforcement. The webinar, themed “Combating Scams with Blockchain Intelligence,” brought together regulators, analysts, and industry stakeholders to address the evolving…

Read More

Fumbi Network acquires DLTPAY, a Techstars-backed fintech application

Fumbi Network acquires DLTPAY

Fumbi Network, a leading investment platform for digital assets in the CEE region, just announced the acquisition of DLTPAY, a seed-stage fintech firm known for its non-custodial wallet application built around stablecoins. “We saw an opportunity to scale our services more efficiently with a solution that fits well with Fumbi’s vision, to better meet the needs of our growing user base,” said Juraj Forgacs, CEO and Founder of Fumbi Network. “Through this acquisition, we can accelerate the rollout of new features requested by our users, while expanding capabilities across the…

Read More

Rewardy Wallet becomes Korea’s largest digital asset wallet just 10 months after the launch

Rewardy Wallet becomes Korea’s largest digital asset wallet just 10 months after the launch

Rewardy Wallet, a digital asset wallet service, has emerged as South Korea’s largest Web3 wallet platform just 10 months after its launch. Notably, the platform has seen massive adoption from general Web2 users with no prior experience in digital assets, signaling a major shift in the local Web3 landscape. “Web3 in the backend, UX like Web2” – A game-changing user experience At the core of Rewardy Wallet’s rapid ascent is its user-centric UX strategy. Unlike traditional blockchain wallets that require seed phrases, network selection, and gas fee calculations, Rewardy eliminates…

Read More

KuCoin launches xStocks, delivering access to global tokenized equities

KuCoin launches xStocks, delivering access to global tokenized equities

On July 18, 2025, the leading global cryptocurrency exchange KuCoin officially announced the listing of xStocks and that they are joining the xStocks alliance. xStocks are tokenized stocks powered by the Swiss-based company Backed. This launch marks a significant step forward in KuCoin’s expansion of multi-asset allocation capabilities. The first batch of supported assets includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA)—all tokenized equities backed 1:1 by real stocks held in secure, bankruptcy remote collateral accounts, and issued on the Solana blockchain. Capturing a…

Read More

Detroit to Become Largest US City to Accept Bitcoin as Means of Payment

Detroit

The City of Detroit will become the largest US city to accept Bitcoin as a means of payment. In a press release, the 26th-largest city stated that Detroiters will soon be able to make payments for city-related utilities through Bitcoin. Detroit noted that it will accept tax payments and city fees using cryptocurrencies. The payment options would become available to Detroiters in mid-2025. The Thursday report revealed that Detroit partnered with financial technology giant PayPal to create a platform that would facilitate the payment option. The debut of payment options…

Read More

Binance Labs makes first foray into DeSci sector with investment in BIO Protocol

BIO Protocol

Binance Labs, the $10 billion venture capital and incubation arm of the crypto exchange Binance, has made its first foray into the decentralized science sector with an investment in BIO Protocol. “BIO can be thought of as a Y Combinator for onchain Science,” Binance Labs explained in a statement shared with The Block. It is designed to change how early-stage scientific research is financed and commercialized using blockchain technology. The investment amount and structure were not disclosed. In addition to the investment from Binance Labs, earlier this year, BIO began…

Read More

Metaplanet “Asia’s Microstrategy” Raises 10 Billion Yen to Boost Bitcoin Holdings

Metaplanet alias Asijská MicroStrategy

Japan’s investment firm Metaplanet has wrapped up its 11th Stock Acquisition Rights exercise period. CEO Simon Gerovich announced on X that the company achieved a 72.8% exercise rate with 13,774 individual shareholders participating. The CEO said that the unexercised rights will go to EVO FUND. EVO FUND’s exercise of the transferred rights will bring Metaplanet’s total funding to 10 billion yen. Gerovich thanked the shareholders for their support, saying: “We would like to thank all shareholders for their invaluable support and contribution, which strengthens Metaplanet’s mission of becoming a leading…

Read More

Quantum computer ‘threat’ to crypto is exaggerated — for now

Quantum computer ‘threat’ to crypto is exaggerated — for now

A report that Chinese researchers have employed a D-Wave quantum computer to breach encryption algorithms used to secure bank accounts, top-secret military data and crypto wallets is, at first glance, a matter of deep concern. “This is the first time that a real quantum computer has posed a real and substantial threat to multiple full-scale SPN [substitution-permutation network] structured algorithms in use today,” wrote Shanghai University scientists in a peer-reviewed paper, according to an Oct. 11 report in the South China Morning Post (SCMP). The paper talks about breaking RSA…

Read More

European investors pour record $105B into US Bitcoin ETFs

European investors pour record $105B into US Bitcoin ETFs

European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States. Europeans have invested over $105 billion in spot Bitcoin ETFs year-to-date (YTD), marking an all-time high. Growing ETF inflows could push Bitcoin to an all-time high from its current crabwalk. Inflows into US Bitcoin ETFs accounted for about 75% of the new capital that helped Bitcoin surpass $50,000 in Feb. 2024. Despite the record European inflows, Bitstamp data shows that Bitcoin has been unable to recover above the psychological level of…

Read More

VanEck Enables Staking Options for Solana ETP

VanEck umožňuje staking možnosti pro ETP Solana

Leading digital asset manager VanEck has enabled staking options for its Solana exchange-traded note (ETN) in the European market. Matthew Sigel, VanEck’s Head of Digital Assets Research, announced the development today in a statement shared on X. According to Sigel, the staking rewards for VanEck’s Solana ETN (VSOL) will accrue and be re-invested daily. The rewards will automatically reflect in the product’s daily net asset value (NAV). Investors will benefit from the recently launched feature without having to manage the process themselves. Sigel emphasized that the company will manage the…

Read More