Nifty News: Building bridges in the metaverse, elaborate Apes scam and more

A South Korean province is using the Metaverse for closer economic ties with Vietnam, and a sophisticated phishing scam has revealed 14 Bored Apes. South Korea's Gyeonbuk Province has announced...

Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies

The proposed law comes as Nigeria's eNaira has achieved an acceptance rate of 0.5% just over a year after its launch in October 2021. The Nigerian government is expected to...

Binance increases stake in Tokocrypto after initial investment in 2020

This is the third licensed Asian cryptocurrency exchange that Binance has increased its stake in as it expands its global reach; The company had shown signs of trouble. According to...

Waves founder announces new stablecoin as USDN depegs

Days after the USDN lost its peg to the USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin would be "unassailable". Sasha Ivanov, founder and CEO of...

Binance joins lobbying group as criticism of the exchange ramps up

The exchange came under increasing pressure from critics after rival FTX collapsed. According to a Dec. 20 press release from the exchange, Binance has joined the Chamber of Digital Commerce,...

Consumers are crypto-curious — One in five own digital currency: Accenture

A year-end report from Accenture showed that despite traditional payment methods dominating many markets, consumers are curious about crypto. Over the past year, the crypto space has seen sustained market...

California regulators order MyConstant to cease crypto-lending services

The California DFPI warned in July that it would take action against providers of crypto interest accounts in the state. The California Department of Financial Protection and Innovation (DFPI) has...

Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices

Bullish said it has reached a mutual agreement with Far Peak Acquisition to no longer merge in an agreement to list on the New York Stock Exchange. Bullish, a crypto...

FTX paid $12M retainer to a New York law firm before bankruptcy filing

Sullivan & Cromwell LLP (S&C), a New York-based law firm, received $12 million in legal services from West Realm Shires Services Inc. on behalf of FTX. Former crypto exchange FTX...

Women who made a contribution to the crypto industry in 2022

2022 has seen greater inclusion and participation of women in the crypto and blockchain industries. 2022 has seen the continued rise of disruptive blockchain-centric concepts such as decentralized finance, GameFi,...