Introduction Gary Gensler is the new chairman of the US Securities and Exchange Commission (SEC). He recently made headlines with his views on the current state of the crypto market,…
Paradigm, a venture capital firm specializing in cryptocurrency, has strongly criticized the United States Securities and Exchange Commission’s effort to redefine the term “exchange”, which would bring decentralized exchanges under…
Lawmakers in the U.S. have put forward two bipartisan bills that aim to tackle issues related to transparency and the advancement of Artificial Intelligence (AI). On June 8, Senators Gary…
On the day prior to his exit from office on May 28, ex-Nigerian President Muhammadu Buhari officially sanctioned the Finance Act, 2023. The act brought forth a set of tax…
Moody’s Downgrade of Coinbase Moody’s Investors Service recently downgraded Coinbase, the world’s largest cryptocurrency exchange, from a Baa1 to a Baa2 rating. This downgrade was due to the recent charges…
Paradigm Slams SEC’s Redefinition of DEX Paradigm, a crypto asset investment firm, recently criticized the US Securities and Exchange Commission (SEC) for its “incoherent” attempt to redefine decentralized exchanges (DEX)….
Nigeria to Tax Crypto and Digital Assets The Nigerian government recently announced that they will be taxing crypto and digital assets at a rate of 10% on capital gains. This…
The United States House Financial Services Committee, chaired by Representative Patrick McHenry, has issued the third version of the stablecoin bill. This latest iteration is bipartisan, featuring proposals from both…
The United States’ regulatory authorities applied greater pressure to the cryptocurrency sector this past week, with the U.S. Securities and Exchange Commission filing lawsuits against both Coinbase and Binance.US concerning…
US Senators Propose AI Bills Two bills proposed by US senators are aimed at advancing the development of artificial intelligence. The first bill is the Artificial Intelligence Initiative Act, which…
