Vast Bank, notable for being the pioneering US bank cryptocurrency provider, has decided to withdraw from the cryptocurrency sector. This decision was taken following an order received from the Office of the Comptroller of the Currency in October 2023. Initially enthusiastic about the potential of integrating traditional banking with cryptocurrencies, Vast Bank’s departure underscores the volatile nature of the US bank cryptocurrency landscape.

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Janet Yellen, the U.S. Treasury Secretary, underscored the importance of imposing regulations on cryptocurrencies in a recent House Financial Services Committee hearing. She highlighted the potential risks to the financial system and investors due to the regulatory gaps in the digital asset sector. Yellen specifically mentioned the necessity for a unified regulatory approach to stablecoins throughout the U.S. With a clear stance on Treasury Secretary Cryptocurrency, she regards regulation as cru

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Faced with persistent forex troubles, Nigeria’s Bureau De Change operators in Abuja have ceased activities due to a dollar shortage. They place the blame on the P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. cryptocurrency exchange as a part of their difficulties. However, Kue Barinor Paul, an analyst from Nigerian Web3, dismisses these claims as baseless. According to Paul, the allegations that ‘Nigerian BDC shutdown crypto’ are groundless, with cryptocurrency having only a peripheral role in Nigeria’s forex activities. He argues that t

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Colin Murphy, a known associate of the notorious Canadian ‘Crypto King’ Aiden Pleterski, has been given a 5-month jail term for defying court orders in Oshawa, Ontario. This sentence follows Murphy’s refusal to surrender his iPhone and allegations of data deletion when a search warrant was executed. Amid the intensifying ‘Crypto King prison’ storyline, Murphy was sued by an investor alleging a loss of $120,000 given to Murphy for investment in Pleterski’s digital currency venture. Despite a cour

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