Telegram CEO Pavel Durov Reportedly Detained in France Amid Serious Allegations

Unconfirmed reports suggest that Pavel Durov, the CEO of the popular messaging platform Telegram, has been detained in France. According to sources circulating on social media and various unverified news outlets, Durov was taken into custody upon his arrival at Le Bourget Airport, located just outside Paris. These reports claim that the charges against him …

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Sony Launches Ethereum Layer-2 Blockchain ‘Soneium’ to Propel Web3 Adoption

Sony has made a significant move in the blockchain space with the launch of its Ethereum Layer-2 blockchain, “Soneium,” aiming to speed up the adoption of Web3 technologies. This development highlights Sony’s commitment to innovation and its strategic focus on the future of decentralized applications (dApps) and the broader Web3 ecosystem. Soneium is designed to …

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Nigeria’s Tax Authority Set to Introduce Crypto Regulation Bill by September

The Federal Inland Revenue Service (FIRS), Nigeria’s tax authority, is gearing up to introduce a bill aimed at regulating the cryptocurrency sector by the end of 2024. During a recent stakeholder engagement session with the Finance Committees of the National Assembly, FIRS Executive Chairman Zacch Adedeji emphasized the need for laws to oversee the crypto …

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Bitcoin Sentiment Dips to ‘Extreme Fear’ on August 5 Amid Significant ETF Withdrawals

On August 5, the Crypto Fear & Greed Index plummeted to a score of 17 out of 100, signaling the lowest sentiment since July 12, 2022. This sharp decline in market confidence coincided with a notable $168 million withdrawal from spot Bitcoin ETFs, reflecting growing uncertainty among investors. Data from Farside Investors highlighted that the …

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