A recent ruling by a Federal High Court in Nigeria has put pressure on Binance, the world’s largest cryptocurrency exchange, to hand over detailed information about its local users to the Economic and Financial Crimes Commission (EFCC). This court order is part of the ongoing investigation into Binance’s alleged involvement in the devaluation of the
In the midst of the Solana meme coin frenzy, a new player has emerged in the form of Kermit (KERMIT) token. The market has witnessed an astounding surge of 600x in just 24 hours, showcasing the potential of this frog-themed token. However, a closer look at the price analysis of KERMIT suggests that there may
The recent delay in the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has raised significant concerns within the crypto community. Investment firms such as VanEck, Ark Invest, Hashdex, and Grayscale have all been affected by these delays, sparking discussions about the future of crypto
In the constantly evolving world of non-fungible tokens (NFTs), innovation is key to staying ahead of the curve. Enter the ERC-7231 token standard, a groundbreaking advancement that aims to revolutionize NFTs by introducing new features and capabilities. Developed as an extension of the widely adopted ERC-721 standard, ERC-7231 is set to transform the NFT landscape.
The UK Financial Conduct Authority (FCA) recently made headlines with its announcement to recover $8 million in costs associated with the supervision of stablecoins and cryptocurrencies. This move is expected to have a significant impact on the UK market and all entities operating within it. The FCA’s plan to recover £6.4 million through fees imposed
The world of meme coins is a volatile one, with coins like FLOKI experiencing drastic price swings in a matter of hours. FLOKI, named after a Shiba Inu belonging to Elon Musk, has seen an 18% drop in the last 24 hours alone, bringing its price down to $0.0001736. Despite being the sixth largest meme
Recent reports have emerged regarding an unusual activity on BitMEX involving a user selling large orders on the Bitcoin spot market. This rogue seller unloaded more than 400 BTC on the exchange, causing the digital asset to crash by 87% to as low as $8900 before eventually correcting to its actual price. BitMEX has stated
The cryptocurrency market has been experiencing a pullback recently, with most leading cryptocurrencies seeing declines in their prices. However, Avalanche (AVAX) has been bucking the trend, holding onto more gains than any other top fifty cryptocurrency. AVAX is currently trading at $57.73, down 5.2% from its price 24 hours ago, but still up 22% from
The price of Bitcoin has been on a steady decline recently, losing approximately ten thousand dollars since reaching its peak last Thursday at nearly $74,000. The downward trend has caused panic in the cryptocurrency market, with alternative coins also experiencing significant losses. The total crypto market cap has plummeted to less than $2.5 trillion after
The Government Pension Investment Fund of Japan, known as the world’s largest pension fund with assets valued at $1.5 trillion, has made headlines by announcing its interest in exploring diversification opportunities that include Bitcoin. In addition to traditional investments like gold, the GPIF is looking into more unconventional assets such as forests and farmland. This
