Crypto Market News

Ethena Agree Bitcoin as Backing Asset to Make USDe ‘Safer’

Ethena platform is set to utilize a cash-and-carry trade strategy to short Bitcoin futures, thereby generating yield on its USDe tokens through funding rates. Since its inception in January, Ethena has been generating yields by shorting Ether (ETH) futures and collecting funding rates. Ethena’s USDe is designed to maintain a

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Binance and Nigeria

Binance Faces Tax Evasion Charges in Nigeria, Executives Detained

Binance, the leading cryptocurrency exchange, is facing intensified scrutiny from Nigerian authorities over allegations of tax evasion. The charges, announced by the Federal Inland Revenue Service (FIRS), include non-payment of Value-Added Tax (VAT), Company Income Tax, failure to file tax returns, and aiding customers in tax evasion through its platform.

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Actor john Smollett faces six new charges

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