Abiola

Ukraine Moves Closer to Legalizing Cryptocurrency

Ukraine is making significant moves toward legalizing cryptocurrency, with a groundbreaking bill expected to be finalized by early 2025. This was made known by Danylo Hetmantsev, the head of the Ukrainian Parliament’s Committee on Finance, Tax, and Customs Policy, confirming the progress in an interview with Pravda. Hetmantsev revealed that the draft law is nearly…

Meta Platforms Donates $1 Million to President-Elect Trump’s Inaugural Fund

Meta Platforms, the tech giant behind Facebook, Instagram, and WhatsApp, has made a surprising move by donating $1 million to President-elect Donald Trump’s inaugural fund. This was made known by the company spokesperson, confirming the donation via email to Reuters. This development, first reported by The Wall Street Journal, marks a notable departure from the…

SEC Commissioner Calls for Reform of Crypto Regulations

The Securities and Exchange Commission (SEC) Commissioner Hester Peirce in a recent interview, emphasized the necessity of regulatory clarity, a collaborative approach to support the growth of the digital asset sector and called for comprehensive reforms to address these issues. Peirce highlighted the roadblocks the crypto industry faces, particularly in accessing essential financial services. Many…

Tether’s USDT Gains Approval as an Accepted Virtual Asset in Abu Dhabi

In a significant development for the cryptocurrency industry, Tether has announced that the Financial Services Regulatory Authority (FSRA) of Abu Dhabi has approved its U.S. dollar-pegged stablecoin, USDT, as an accepted virtual asset. This approval positions Tether within the regulatory framework of the Abu Dhabi Global Market (ADGM), a renowned financial-free zone in the United…

Former Kogi Governor Yahaya Bello Remanded in Kuje Prison Pending Bail Application

Justice Maryann Anenih of the Federal Capital Territory (FCT) High Court in Abuja has remanded Yahaya Bello, the immediate past Governor of Kogi State, to the Kuje Correctional Centre. This decision came after the court refused to grant his bail application, citing procedural irregularities. The Economic and Financial Crimes Commission (EFCC) has charged Bello and…