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South Africa declares crypto to be a financial product subject to financial services law

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The declaration marks the beginning of the long-awaited process of regulating crypto assets, which will produce benefits such as consumer protection and AML/KYC compliance.

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Coin Market

NFT promoters face fraud charges over alleged $22M rug pull

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Two 23-year-olds, Gabriel Hay and Gavin Mayo, allegedly abandoned projects after providing misleading information on project roadmaps.

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Coin Market

NFTs in 2024: Surviving challenges, embracing growth, eyeing the future

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NFT projects encountered numerous setbacks in 2024, but many remain hopeful that the asset class will stage a comeback.

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Coin Market

USDX built to support DeFi ecosystem growth: Hex Trust CEO

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USDX by Hex Trust integrates DeFi with Flare Network, offering 1:1 USD backing, yield generation and crosschain capabilities.

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