WEB3
by BSC News
May 4, 2024
A recap of notable news from the week.
As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
Stablecoin issuer Tether has made a significant move by investing $200 million through its venture capital arm, Tether Evo, to acquire a majority stake in Blackrock Neurotech. The investment aims to support the rollout of Blackrock's medical devices and enhance its research and development in the brain-computer interface (BCI) field.
Get the full details in the article.
Binance co-founder Changpeng Zhao has vowed to maintain a passive approach to crypto investments following his four-month prison sentence for compliance breaches. His sentencing in Seattle, resulting from guilty pleas to anti-money laundering violations, includes a four-month jail term and a $50 million fine, despite prosecutors' recommended three-year sentence.
Read the full story.
According to a report from TechCabal on May 3, Nigeria is set to ban P2P cryptocurrency trading, citing national security threats. The decision comes after the National Security Adviser (NSA) flagged crypto trading as a risk. The impending regulation will directly affect fintech firms facilitating crypto transactions. Prominent Nigerian fintech startups like Moniepoint, Paga, and Palmpay are already instructed to halt account operations linked to cryptocurrency trading.
Read more here.
Crypto exchange Coinbase has partnered with Lightspark to integrate the Bitcoin Lightning Network, enabling faster and cheaper BTC transactions for users across the US, except New York. This collaboration allows for instant processing of transactions at lower costs compared to traditional methods.
Find more information in the article.
BNP Paribas, Europe's second-largest bank, has acquired shares in BlackRock's iShares Bitcoin Trust ETF (IBIT), according to recent SEC filings. The bank purchased 1,030 shares of IBIT for $40.47 each, totaling an investment of $41,684.10. While this investment is relatively small compared to the bank's substantial assets, it marks a significant move as one of the first instances of a major European bank gaining exposure to Bitcoin through an ETF.
Details here.
Related News
Latest News
May 18, 2024
Weekly Article Recap: 5/13-5/17
May 17, 2024
Kraken ‘Actively Reviewing’ The Status of Tether in Compliance With MiCA
May 17, 2024
Nigerian Court Denies Bail to Binance Exec Tigran Gambaryan on Money Laundering Charges
May 17, 2024
All You Need to Know About The Pump.Fun Exploit
May 16, 2024
French Regulator Hints at Legal Action Against Bybit, Citing Illegal Operations
May 16, 2024
What is MakerDAO’s Upcoming PureDai and NewStable?
May 16, 2024
Morgan Stanley Reports $270M Bitcoin ETF Investment in Grayscale’s GBTC
May 16, 2024
What is pSTAKE Finance?
More News