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Interpol, the International Criminal Police Organization, has revealed that it has effected over a thousand arrests and seized $100 million in a significant push to stop crypto miners and scammers in Angola.

In a recent notice, the organisation stated that it joined forces with Angolan officials, closing down 25 illegal crypto mining operations overseen by 60 Chinese citizens. Following the Angola crypto crime, equipment worth over $37 million was seized. The relevant authorities in the country highlighted that this equipment will be distributed as financial support to vulnerable areas.

Interpol joins forces with Angolan law enforcement to dismantle illegal mining operations

The measures taken in Angola are steps in a bigger cybercrime operation conducted across several African countries. Apart from Angola, Zambia has also been exposed to a fraud scheme. This was revealed after officials in the country identified a scenario whereby 65,000 individuals experienced significant financial losses amounting to $300 million following fake promises of higher returns upon making crypto investments.

According to records, the population of Angola is estimated to be roughly 39 million. Power supply and distribution are the country’s primary problems. Over the years, the government has pointed accusing fingers at crypto miners, which has resulted in several crackdowns on their operations. This also led to a ban on mining in April 2024 amid concerns about energy use. However, digital assets are not entirely prohibited in Angola.

After the ban on mining was passed, a translated notice was released from the Chinese embassy in Angola stating that cryptocurrency mining under this law was considered illegal. It also warned that individuals possessing any equipment or infrastructure used for virtual currency ‘mining’ could be imprisoned for about one to five years, and the equipment might be taken away. This law illustrates a growing trend among countries globally, aiming to limit or completely ban crypto mining to address how power is shared among citizens.

The post Interpol dismantles African crypto crime ring, seizes $100 million first appeared on Coinfea.

Federal Reserve Chair Jerome Powell, speaking at the annual Jackson Hole Economic Policy Symposium on August 22, 2025, suggested that current economic conditions “may warrant” interest rate cuts soon. While Powell stopped short of explicitly endorsing a rate reduction at the next Fed meeting in September, he emphasized that the “balance of risks seems to be evolving” and highlighted a shift toward increasing downside risks, particularly in the labor market.

Key points from Powell’s remarks:
- He acknowledged that the job market, while still robust, shows signs of softening, and downside risks are increasing.
- Powell stated the Fed could “proceed cautiously” but added that “the baseline outlook and the shifting risk dynamics might necessitate a reevaluation of our policy stance.”
- While inflation remains high, Powell suggested the inflationary impact of tariffs imposed by the Trump administration might be “relatively short-lived” and not necessitate keeping rates elevated for long.
- Markets and analysts widely expect a rate cut in September, with CME’s FedWatch Tool showing high odds for a quarter-point reduction.
- Powell stressed the importance of the Fed’s independence and data-driven decision-making amid political and market pressures.

In summary, Powell’s comments signal the Federal Reserve is leaning towards interest rate cuts in the near term due to softer labor market conditions and manageable inflation risks, but he maintained a cautious approach, emphasizing ongoing evaluation of economic developments.
#BTCPrediction #BNBATH880 #CryptoRally $BTC

$ETH

$BNB

As of August 17, 2025, cryptocurrency adoption in Nigeria has been remarkably robust, driven by economic necessity and a tech-savvy population. Here's a concise overview based on recent developments:
Adoption Levels
Nigeria ranks second globally in cryptocurrency adoption, trailing only India, according to the Chainalysis 2024 Geography of Crypto Report. Between July 2023 and June 2024, the country processed approximately $59 billion in crypto transactions, leading Sub-Saharan Africa with 47% of the region's total on-chain value.
About 47% of Nigeria's population, or around 22 million people, own cryptocurrencies, far exceeding the global average of 6.8%, as noted in recent Forbes analysis. This reflects widespread grassroots uptake.
Drivers of Adoption
Economic Challenges: With inflation hitting record highs (e.g., 24.48% in January 2025, easing to 23.18% in February), and the naira losing over 230% of its value against the USD in the past year, Nigerians use crypto, especially stablecoins like USDT and USDC, as a hedge against currency devaluation.
Remittances: Nigeria, a top recipient of remittances (over $20 billion annually), leverages crypto for low-cost, fast cross-border payments, with fees often below 1% compared to 5-15% via traditional channels.
Financial Inclusion: With 36% of adults unbanked and limited banking infrastructure, crypto via P2P platforms like Binance and Paxful enables access to financial services using just a smartphone.
Youth Engagement: A digitally native, youthful population drives P2P trading, with small retail transactions dominating (85% under $1 million), indicating practical use for daily needs like rent and school fees.
Regulatory Evolution
Initially resistant, the government banned crypto transactions in banks in 2021, pushing activity underground. However, this backfired, boosting P2P growth. The Central Bank of Nigeria (CBN) lifted the ban in December 2023, and the Investments and Securities Act (ISA) 2025, signed in March 2025, recognizes digital assets as securities, bringing them under the Securities and Exchange Commission (SEC) oversight.
The SEC’s Accelerated Regulatory Incubation Program (ARIP), launched in 2024, has granted provisional licenses to exchanges like Quidax and Busha, fostering a regulated environment while addressing money laundering and fraud concerns.
Challenges
Scams and Fraud: High scam prevalence (70% of users reportedly lose money to exchange issues) and past Ponzi schemes like MMM have dented trust, though regulatory clarity is helping.
Regulatory Uncertainty: Despite progress, inconsistent policies and potential P2P trading bans pose risks. The government’s mixed stance, including disputes with Binance over forex manipulation, adds complexity.
Infrastructure: Limited education and infrastructure hinder broader adoption, with many still navigating volatility and technical barriers.
Outlook
Nigeria’s crypto adoption is a necessity-driven success story, with stablecoins and Bitcoin leading the charge. The ISA 2025 and growing fintech innovations (e.g., Yellow Card’s Coinbase partnership) signal a shift toward a regulated, inclusive digital economy. However, balancing innovation with security and education remains critical. Sentiment on X highlights both enthusiasm for crypto’s practical use and frustration with scams, suggesting a maturing but cautious market. #cypto #CryptoIntegration #BTC

When most people hear “staking,” they immediately picture locking up coins for weeks or months—helplessly watching while your funds are stuck somewhere, unable to touch them, hoping the price doesn’t move against you.

That’s the old way. Binance offers something way smarter — Soft Staking — and it’s been a total game-changer for me.

🔍 What Is Soft Staking?

It’s simple and elegant. You hold eligible coins in your Spot Wallet—no transfers, no lock-ups, no stress—and Binance pays you daily rewards. Coins like $BNB, $SOL, $ADA, $NXPC, and many more qualify.

The best part? Your coins remain fully liquid. You can trade, sell, or withdraw at any moment. Unlike traditional staking, there’s no “frozen” period, so you never miss a market opportunity while still earning yield.

⚡ How I Activated It (It Took Less Than a Minute)

Log into Binance on the app or web.
Navigate to Earn → Simple Earn → Soft Staking.
Search your token, e.g., $BNB, $NXPC.
Tap Activate, agree to terms, and you’re done!

Your rewards start arriving the very next day. No complicated setup, no technical hurdles. It’s honestly that easy.

✅ Why I’m Loving It

Daily Rewards – You don’t need to manually claim anything; they just arrive in your wallet.
Full Liquidity – I can sell or trade anytime, even if I just staked the same day.
Zero Technical Hassle – No nodes, no validators, no setup stress.
Passive Income While Holding – Coins I already had in my Spot Wallet are now generating extra value effortlessly.

💬 My Personal Experience

I started soft staking $BNB and $NXPC a few weeks ago. I didn’t buy more coins, didn’t move anything around… and yet, I’m getting consistent daily payouts like clockwork.

It feels amazing knowing my portfolio is quietly working in the background. Whether I’m trading, sleeping, or just scrolling on my phone, my coins are earning for me. And because they’re not locked, I can react instantly if the market moves.

Soft Staking turns something passive—just holding coins—into a steady, reliable stream of yield without any of the traditional staking headaches.

🌟 Final Thoughts

If you’re holding for the long term, Soft Staking is a no-brainer. It’s one of those tools that feels too simple to be true—but it works. You don’t give up liquidity, you don’t lock your funds, and you still earn daily rewards.

Seriously, if you haven’t tried it yet, I highly recommend it. Your coins can finally start working for you instead of just sitting idle.

Have you tried Soft Staking yet? I’d love to hear about your experience! Share your thoughts below 👇

#SoftStaking