Africa Crypto News Week in Review: Binance Praises Kenya, VALR and MoonPay Partner, Nigeria Jails 9 Chinese Scammers

Africa Crypto News Week in Review: Binance Praises Kenya, VALR and MoonPay Partner, Nigeria Jails 9 Chinese Scammers

In the latest Africa crypto news, Binance praises Kenya’s crypto regulation progress but warns against heavy taxes. Meanwhile, VALR is partnering with MoonPay to expand access to more fiat currencies. Nigeria jails nine Chinese crypto scammers for one year. A Binance executive has praised Kenya’s progress in regulating crypto but warned against punitive taxation. In … Read more

Chinese Local Governments Consider Selling Seized Crypto Amid Trading Ban

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Local governments in China are exploring ways to liquidate seized crypto, navigating a legal gray area created by the country’s strict ban on crypto trading and exchanges. According to an April 16 report by Reuters, the absence of clear regulations on handling confiscated digital assets has led to inconsistent practices and raised concerns over transparency … Read more

Undercover Sex Trap Rocks Chinese BTC Holders: 6 BTC Stolen In Sextortion Scam Honeypot

A victim lost 6 BTC trough a sextortion crypto honeypot scam. The perpertrator posed as a female trader and get way with the stolen Bitcoin.

A shocking case of Bitcoin stolen through a scam has rocked the Chinese BTC community. In 2024, a software engineer in Chengdu lost 6 BTC to a criminal scam gang posing as a female trader. The perpetrators used a honeypot scheme, luring the victim via an X profile promising steamy sexual favors, only to extort … Read more