Hungary is making strides in the financial sector by considering a legislative proposal that would allow banks, investment funds, and asset managers to offer services involving cryptocurrencies. This move, outlined in a report by Bloomberg Law, showcases Hungary’s alignment with the broader European trend towards embracing digital assets. If the bill is approved, traditional financial
The Wall Street Memes community is buzzing with excitement following a recent big burn event where 5% of the $WSM supply was incinerated. To add to the celebration, WSM Casino has now announced plans for a massive $1 million $WSM airdrop. This exciting news comes as a result of WSM Casino hitting a significant milestone
The Nigerian government is contemplating imposing fines as high as $10 billion on Binance, a major cryptocurrency exchange. Reports from local media sources suggest that Bayo Onanuga, the special adviser to the Nigerian president, has accused Binance of profiting from facilitating illegal transactions within the country, leading to substantial losses for Nigeria. Onanuga views the
In 2024, the world of cryptocurrency has witnessed a significant rise in the value of AI-related coins. These digital assets, powered by Artificial Intelligence (AI) technology, have demonstrated an impressive performance with a combined return of 76% since the beginning of the year. The market for AI coins has experienced a 7% increase in a
The availability of Bitcoin on Over-the-Counter (OTC) desks has seen a sharp decline recently, with reports indicating that at one point, only approximately 40 BTC were available for sale. This development has significant implications for the market and could potentially signal a new era in Bitcoin trading dynamics. Caitlin Long, the CEO and founder of
MixMob, a gaming platform built on the Solana blockchain, has revealed a groundbreaking partnership with Shepperton Design Studios and Andrew Ainsworth to introduce the iconic Stormtrooper character into their game Racer 1. The most intriguing aspect of this collaboration is that it was not established through conventional channels like Disney or Lucasfilm. Instead, MixMob has
Cardano (ADA) has recently experienced a significant price breakout, surging to $0.710 for the first time since May 2022. This breakout is seen as a pivotal moment for ADA, as it emerges from a period of consolidation that lasted throughout the latter part of 2023 and the beginning of 2024. With the price surge, ADA
Recently, Justin Sun, the co-founder of Tron, a smart contracting platform for deploying decentralized applications (dapps), made a significant move in the world of cryptocurrency. It was reported on February 29 that Sun transferred 100 million USDT to Binance, following other large transfers earlier in the week. This move has caught the attention of many
Recently, crypto exchange Gemini made headlines when it agreed to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of a settlement deal with New York regulators. This decision came after facing legal issues from the US Securities and Exchange Commission (SEC) and the New York Attorney General’s
The Chief Executive Officer of Bitwise, Hunter Horsley, has recently made a bold prediction regarding the future of Bitcoin. He has stated that he believes the cryptocurrency will soar to $250,000, surpassing its current price of $62,000 by over four times. Horsley’s optimism about Bitcoin’s potential goes even further, as he envisions the cryptocurrency competing
