Government

Kenya’s government has invited Marathon Digital Holdings to discuss its energy needs and set up operations in the country, as per local reports. Despite the central bank’s efforts to discourage crypto investment, Kenya is one of Africa’s leading crypto markets and has regularly ranked first globally for peer-to-peer trading. Africa has continued to embrace cryptocurrencies, with several countries in the region defying Western approaches and adopting Bitcoin. The latest to push for adoption is Kenya, with the East African country…

Norway’s new law regulates crypto mining due to environmental worries, aiming to align with global climate goals. The law targets data centers facilitating mining, reflecting Norway’s commitment to responsible digitalization. Norway’s government is making strides to introduce legislation to regulate data centers, primarily focusing on curbing energy-intensive cryptocurrency mining operations within its borders. The new law, revealed by local news outlet VG, underscores the government’s commitment to curb crypto mining activities’ environmental impact within its borders. Digitalization Minister Karianne Tung…

Buenos Aires accuses Worldcoin of breaking consumer laws by including unfair rules in its user agreement and storing data internationally, which could result in a large fine. The government says Worldcoin’s agreement allows it to stop services without fixing or refunding, and it applies laws from the Cayman Islands to people in Argentina, breaking local rules. The provincial government of Buenos Aires has leveled serious accusations against Worldcoin, a cryptocurrency firm founded by Sam Altman, CEO of OpenAI. These allegations…

Binance executive Nadeem Anjarwalla is facing extradition from Kenya following his escape from custody in Nigeria. He was spotted after a manhunt was launched from Nigeria that led the authorities to Kenya, where his whereabouts were discovered. Binance Executive Set to Be Extradited According to a local report, the Nigerian government is working on extraditing Anjarwalla back to Nigeria in collaboration with Interpol and Kenyan authorities. The Binance executive will face charges related to the alleged manipulation of the Naira…

The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace. This development comes at a critical time for the Bitcoin price, which has struggled to maintain its position above the $70,000 threshold after hitting its current all-time high (ATH) of $73,700 on March 14.  As the largest cryptocurrency experiences yet another round of price correction, the movement of these seized funds has triggered…

The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the government to sell its coins. Shortly afterwards, the government’s wallet transferred 1999 BTC to Coinbase Prime, worth $139 million at the time. The government’s main…

The US government transferred 30,175 Bitcoin (BTC) to a wallet recognized as part of the crypto exchange Coinbase. This move represents a substantial $2 billion, calculated at the prevailing Bitcoin price of approximately $65,000 per BTC. US Government Moves $2 Billion in Bitcoin This action follows the US government’s previous engagement with the cryptocurrency market. In March 2023, the government auctioned 9,861 BTC, netting $216 million. The government seized these coins as part of a larger cache from the infamous…

IOTA continues its partnership with the EU PCP program, where its digital product passports and IOTA Streams are utilized to offer residents better services. Through its development foundation, which it launched this year in Abu Dhabi, IOTA is targeting the Middle East and Africa regions with new products customized to solve their challenges. While most crypto projects dwell on price movements and creating hype to boost their tokens, IOTA has been busy building products that will change the future. The…

Estonia passes legislation to regulate cryptocurrency service providers, implementing stricter oversight measures and aligning with EU regulations. Estonia Takes Steps to Regulate Crypto Estonia, a notable hub for cryptocurrency service providers, is gearing up to impose stricter regulations on this burgeoning industry. The government has greenlit a bill aimed at bringing crypto businesses under tighter scrutiny, pending a parliamentary vote. With nearly half of the world's crypto service companies registered in Estonia at one point, the government's move signals a…