Weekly Report (01 – 07 July 24) | What Happened This Week In Crypto

This report will provide some essential and quick news about the cryptocurrencies happening worldwide.

1) Binance Operations In Nigeria Criticized By Central Bank Official

According to a representative of the Central Bank of Nigeria (CBN), Binance engaged in many unlawful activities in the West African nation. This development occurs in the context of the ongoing legal prosecution of the prominent crypto exchange in Nigeria…[continue reading]

2) India Is Scheduled To Present Its Union Budget On July 23

Prime Minister Narendra Modi’s newly elected Indian government will unveil the Union Budget on July 23, which falls later this month. The Indian crypto industry is eagerly anticipating this budget, with the expectation of receiving tax reliefs. Additionally, the Indian government is seeking to establish precise guidelines for the crypto industry…[continue reading]

3) Binance Celebrates Its Seventh Anniversary With A New Campaign And 200 Million Users 

The chief marketing officer of Binance has stated that the milestone brings Web3 closer to its first billion users. In another indication of the maturing digital asset industry, Binance, the world’s largest cryptocurrency exchange, has reached its seventh anniversary…[continue reading]

4) Orbs Has Disclosed Its Liquidity Center On Fenix Finance

According to the most recent updates shared with Finbold on July 4, Orbs, a Layer 3 blockchain, has announced the launch of its liquidity center on Fenix Finance. The objective of the launch is to improve the efficacy of capital for Layer 2 users and increase liquidity on the Blast decentralized exchange (DEX)…[continue reading]

5) U.S. Judge Establishes The Stage For NFT Securities Trial As DraftKings Lawsuit Advances

DraftKings purchasers have filed a class action lawsuit alleging that NFTs are investment contracts. DraftKings’ attempt to dismiss a class action lawsuit initiated by purchasers of its non-fungible tokens (NFTs) has been rejected by a U.S. judge in Massachusetts…[continue reading]