Jay Mazini, whose real name is Jabara Igbara, presented himself on social media as a successful crypto millionaire, with almost a million followers on Instagram. He portrayed himself as a generous individual, distributing large sums of cash to random strangers in public places, all while claiming to be an active member of the Muslim community.
Recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The analysis reveals a significant decrease in the ‘profitability’ of ADA holders, with only 35% currently seeing gains. This is in stark contrast to cryptocurrencies like Bitcoin and TRX, which have a high percentage of holders in
The recent pump in meme coins has brought attention back to ERC-20 tokens, specifically the Elon Musk-inspired coin, ELON. With its price skyrocketing by an astonishing 229 times overnight, ELON has captured the interest of many investors in the crypto market. Despite the lack of official connection between Elon Musk and the ELON token, its
In the last 24 hours, Ethereum (ETH) has seen a notable decrease in price, dropping by 5%. This decline is believed to be linked to the looming rejection of Ethereum ETFs by the US Securities and Exchange Commission (SEC) scheduled for May. The rejection of these highly anticipated ETFs is likely to have a significant
In the volatile world of cryptocurrency, bitcoin (BTC) has experienced significant pullbacks since the bear market of 2022. These pullbacks have seen BTC lose up to 23% of its value on certain occasions. It is crucial for investors to recognize the depth of these declines as they often present an opportunity for substantial gains when
The recent approval of new Anti-Money Laundering Regulations (AMLR) by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) in Europe. These regulations aim to tighten Know Your Customer (KYC) procedures in order to combat money laundering within the cryptocurrency industry. Under the new laws, CASPs are required to implement enhanced due
The gaming industry is currently undergoing a significant transformation with the rise of blockchain technology. Traditional gaming models are facing challenges from decentralized alternatives that offer players true ownership of their in-game assets and provide developers with new revenue streams. Beam, a gaming-focused subnet on the Avalanche Network, is at the forefront of this revolution
Changpeng ‘CZ’ Zhao, the co-founder and former CEO of Binance, recently submitted a letter of apology to the court expressing regret and accepting full responsibility for his past actions. In his letter, CZ admitted to making poor decisions and failing to implement necessary compliance changes at Binance in a timely manner. He highlighted that under
Bitcoin, the largest cryptocurrency by market cap, has been experiencing considerable instability in its price prior to the Bitcoin Halving event. However, the price has since rebounded, reaching the $66,000 level. This has sparked bullish predictions from top crypto analysts, with Captain Faibik standing out with an intriguing forecast. Faibik predicts that Bitcoin has the
The Nigerian government is ramping up its efforts to crack down on crypto trading by focusing on peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A circulating document on social media revealed that the Central Bank of Nigeria (CBN) has ordered financial institutions to identify individuals or entities dealing with these exchanges and
