Binance restricts Nigerian crypto accounts on security concern
Crypto exchange Binance has restricted the personal accounts of some Nigerian users to comply with anti-money laundering regulations. The move is also to ensure the security of the platform for traders. Nearly 281 Nigerian accounts have been affected by these personal account restrictions, with approximately 38% of the cases restricted at the request of international law enforcement.
Crypto prices today: Bitcoin falls 2.9%, ETH down 3.7%
Bitcoin is currently trading at $37,081, a 2.96% decline over the previous day. Ethereum fell 3.7% over the last 24 hours to $2,521. Solana is down 7% to $90.1, while Cardano has fallen by 4.6% to $1.02. Polygon (MATIC) has slumped by 8% to $1.55. The global crypto market cap stands at $1.67 trillion, a 3.7% decline over the previous day. Profit booking has kicked in following weekend gains.
Thai cafe serves up crypto advice with coffee and cake
A cafe in northeast Thailand has become home to crypto traders, adding banks of screens showing the latest market moves and offering investment advice alongside coffee and cake. It also provides free investment consulting and is planning on starting its own cryptocurrency coin.
Hackers steal $80 million in crypto from DeFi platform
Hackers have stolen cryptocurrency worth $80 million from decentralized finance (DeFi) platform Qubit Finance. The company is now asking hackers to return the stolen crypto. The value of cryptocurrency stolen makes this the largest hack of 2022 to date. Qubit Finance acknowledged the hack and said in a tweet that the hackers minted unlimited Xplosive Ethereum to borrow on Binance Smart Chain.
State Senator introduces Bill to make Bitcoin legal tender in Arizona
Senator Wendy Rogers has introduced a bill to make Bitcoin a lawful currency in the US state of Arizona. The bill seeks to add Bitcoin to the list of instruments considered legal tender in the state and make the digital currency a lawful medium of exchange there, enabling citizens to pay debts, public charges, taxes, and dues with BTC. If enacted, all financial transactions that are currently done in US dollars could most likely be done in Bitcoin.