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  • Aug 28, 2024

Nigerian SEC Issues First Crypto Exchange Licenses After Industry Crackdown

The Nigerian Securities and Exchange Commission (SEC) has issued its first licenses to local crypto exchanges to operate within the country, despite contentious relations between the government and industry at large. Per an SEC press release, both Busha Digital Limited and Quidax Technologies Limited have been granted “approval-in-principle” to operate under its Accelerated Regulatory Incubation Program (ARIP). The agency said the development is part of its “commitment to enabling innovation tha...

  • Aug 28, 2024

GameStop Stock Price Jumps After Retailer Reveals Retro Game Stores

GameStop shares surged on Thursday, shortly after the video game giant announced it would lean into selling retro games via new, dedicated stores. As of publication time‌, the Texas-based retailer’s stock price is up about 10% over the past 24 hours to a current price of $21.81. The stock surge follows GameStop’s announcement late Tuesday that it would refashion some of its brick-and-mortar locations into speciality shops with a focus on vintage video games‌ and consoles, such as the old-school...

  • Aug 28, 2024

Elon Musk-Themed Telegram Game 'X Empire' Will Burn Inactive Users' Coins Before Airdrop

Are you looking forward to the X Empire airdrop? If so, then you’d better log into the Telegram tap-to-earn game, as the creators are about to purge the coins of inactive users. The viral, Elon Musk-themed Telegram crypto game, formerly known as Musk Empire, has a token coming around the end of September or early October. In an announcement Thursday, the project confirmed that it will soon start burning (or eliminating) the in-game tokens of users who haven’t played in a while. “On September 1,...

  • Aug 28, 2024

Solo Bitcoin Miner Hits the Jackpot With $200,000 Block Reward

Another solo miner has beaten the odds and processed a block on the biggest crypto network—pocketing 3.275 Bitcoin, or just shy of $200,000 as a reward. The lucky miner processed block number 858,978 at 12:21pm Eastern Time, according to blockchain data. A total of 2,391 transactions were contained in the block, and the miner received $199,094 worth of Bitcoin for the work.  Bitcoin mining is the business of processing blocks on the Bitcoin network. Blocks are full of data and are part of the cr...

  • Aug 28, 2024

Kylian Mbappé Token Hit a $464 Million Market Cap—Then Crashed to Zero Because It Was Fake

Real Madrid and France National Team soccer star Kylian Mbappé appeared to have his Twitter account hacked late Wednesday as the account went on a rampage with a string of offensive comments about fellow athletes and rival clubs—all while promoting a meme coin that rapidly pumped and then dumped. The MBAPPE token on Solana quickly hit a market cap of $464 million before falling 99%—all in the span of a minute. That was enough to, very briefly, give it a higher market cap than Mog Coin, Raydium,...

  • Aug 28, 2024

Crypto Hackers Stole Way Less in August Than They Did in July, Says Immunefi

Good news: August saw a significant decrease in cryptocurrency losses due to hacks and fraud, according to a recent report from Immunefi. Total losses amounted to $15,082,000 across five incidents, marking the lowest monthly total year-to-date and a 94.5% decrease from July. As Decrypt reported at the time, July saw cross-chain DeFi protocol Li.Fi losing about $11 million to a hack. Reports indicate that hackers stole more than twice as much cryptocurrency in the first half of 2024—based on the...

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