Kimberly Noel Kardashian, better known as Kim Kardashian, has been fined $1.26 million for sharing a cryptocurrency advertisement on her Instagram page without disclosing how much she was paid for the promotion. The SEC charged the SKIMS founder in court after she promoted a cryptocurrency asset, EthereumMax,  on her social media platform, according to ABC. Kim is one of several celebrities named in a class-action lawsuit filed last January in a U.S. District Court in California on behalf of investors who claim they  lost money after the celebrities promoted cryptocurrency. In their lawsuit, the disgruntled plaintiffs claimed that they invested in the cryptocurrency after seeing “numerous celebrity endorsements of EMAX.” Kardashian failed to disclose that she was paid $250,000 to write a blog post about EMAX tokens, a cryptocurrency asset security offered by EthereumMax, according to the SEC. While the case is still being heard, Kardashian has agreed to pay a $1.26 million settlement. Kim’s settlement includes the payment she received for promoting the cryptocurrency, as well as a $1 million fine, according to the commission’s announcement on Monday. Furthermore, for the next three years, the business tycoon has agreed ...

The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country, claiming the digital currency is used for money laundering and terrorism. ...

On Friday, the Central Bank of Nigeria issued a letter, instructing all banks and financial institutions to close accounts “dealing in cryptocurrencies or facilitating payments for cryptocurrency”.  Former Presidential aspirant, ...

The Central Bank of Nigeria, CBN, has ordered banks and other financial institutions to close accounts of customers transactions using crypto or facilitating payments for crypto exchanges. The ...

  By Jemi Ekunkunbor Hanu Fejiro Agbodje, cuts the look and built of an artiste; but he is actually, the founder and CEO of Patricia Technologies ...

QuadrigaCX, Canada’s leading cryptocurrency exchange company, has said it cannot repay $190m to clients because its founder died with their passwords. Founder Gerald Cotten, 30, died ...