Friday, January 30

Business

Bybit Faces Compliance Hurdles With Neobank Push

Bybit’s push to offer neobank-style services is testing how far crypto exchanges can expand into traditional finance (TradFi), highlighting regulatory hurdles and a growing reliance on licensed banking partners.Bybit CEO Ben Zhou announced the exchange’s…

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Nomura-Backed Laser Digital Reportedly Applies for US Bank Charter

Laser Digital, a full-service digital asset company backed by Japanese financial group Nomura, has reportedly filed for a US national bank trust charter, signaling that crypto-focused companies are seeking deeper integration into the US financial system amid a more permissive…

Nigeria’s national grid fully restored— NISO

The Nigerian Independent System Operator (NISO) has announced that Nigeria’s National grid has been successfully restored following a grid disturbance that occurred at about 10:48 a.m. on Tuesday. The development was disclosed in a statement posted on the official X…

Privacy Blockchains Seek Stablecoin Access as USDC Expands

Circle has introduced a privacy-focused version of its USDC stablecoin on Aleo, highlighting a broader push by privacy-oriented blockchains to gain access to regulated, dollar-backed assets as demand for onchain privacy tools grows.Circle and Aleo announced Tuesday that USDCx on…

Kalshi Expands Political Footprint with DC Office, Democratic Hire

The predictions market platform announced two new hires related to state policy efforts and relations with the federal government.Predictions market platform Kalshi said it will open an office in Washington, D.C., and hire “talent from both sides of the aisle”…

UK Avoids ‘US Malaise’ as FCA Finalizes Rules

The UK’s top financial regulator is finalizing its framework for the crypto industry. The rulemaking process has been long, but industry observers note that the country has avoided the political tit-for-tat that is hampering the US CLARITY Act.On Jan. 23,…

Bitcoin May Dip Below ,000 in This Week’s Volatility

Bitcoin (BTC) saw modest volatility around Tuesday’s Wall Street open as BTC price analysis saw a market bottom by the end of the month.Key points:Bitcoin should be safe from new local lows for the current US session, but the week…

Blackout across Nigeria as national grid collapses

Nigerians were on Tuesday morning thrown into darkness due to the collapse of the national electricity grid. This is the second time in less than five days that Nigeria’s national grid has suffered a disturbance resulting in a nationwide power…

US ‘Crypto Capital’ Claim Meets Developer Pushback

The White House praised President Donald Trump for making the United States the “crypto capital of the world,” and cast the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act as the catalyst in making the country the “global…

Bitcoin EMA Bear Cross Brings 2022 Comparisons

Bitcoin saw two long-term moving averages cross over for the first time since April 2022 in a fresh BTC price bear market warning.Bitcoin (BTC) bear market comparisons are growing as the weekly BTC price chart repeats April 2022.Key points:Two long-term…

Blackout across Nigeria as national grid collapses again

Nigerians were on Tuesday morning thrown into darkness due to the collapse of the national electricity grid. This is the second time in less than five days that Nigeria’s national grid has suffered a disturbance resulting in a nationwide power…

SEC Task Force Posts Response Backing Ripple on Passive Interest

A response posted to the US Securities and Exchange Commission’s Crypto Task Force page echoed concerns raised by Ripple that speculation alone should not automatically subject cryptocurrencies to federal securities laws, as lawmakers continue debating the CLARITY Act.The response, written…

CBN upgrades FinTech licences as digital lenders outgrow regulation

The Central Bank of Nigeria has upgraded the licences of selected financial technology companies and microfinance banks with nationwide operations, signalling a regulatory push to bring fast-growing digital lenders into closer alignment with their actual scale. The bank’s director of…

KuCoin Taps Ex-LSEG Sabina Liu to Lead MiCA-Era EU Push

KuCoin has appointed former London Stock Exchange Group (LSEG) executive Sabina Liu to lead its European business, tasking her with steering the exchange’s Markets in Crypto Assets Regulation (MiCA) expansion from Vienna after securing a crypto asset service provider license…

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