The recent detention of Tigran Gambaryan, an American executive of Binance, by the Nigerian government has caught the attention of many, including Binance CEO Richard Teng. In a public statement, Teng criticized the Nigerian government for its treatment of Gambaryan, highlighting a disturbing viral video that showcased Gambaryan’s struggle to walk into a courtroom. This
admin
The crypto market has been experiencing a lackluster performance, accompanied by a significant decline in whale activity across major crypto assets. Recent analysis by Santiment has highlighted a noticeable drop in $100k+ transactions for both Bitcoin and Ethereum, indicating a slowdown in large holder activity. During the active period of March 13-19, Bitcoin saw 115.1k
The Open Network (TON) and its native token have been experiencing significant swings and challenges in recent days. Just last week, the network faced outages due to high demand for DOGS, causing disruptions for users. However, the most recent development saw the price of TON plummet by over 90% in just minutes on CoinMarketCap. The
Recently, the crypto analyst known as ‘Titan of Crypto’ shared with his 90,000 followers a unique technical pattern that is currently unfolding in the market. This pattern involves a golden cross forming between the 100-day moving average and the longer 200-day moving average. While a typical golden cross involves a shorter time frame moving average
The recent performance of Ethereum has left many traders disappointed as it has failed to meet expectations in the past few months. Currently, Ethereum is stuck in a bearish trend, with its price experiencing a decline of 23% over a 30-day period. This downward trend has come as a surprise to many ETH investors who
Season 1 of MetalCore is about to kick off with a bang, bringing along a plethora of gameplay enhancements and new missions for players to dive into. One of the most anticipated additions is the “Intro Mission,” designed to provide both new and experienced players with a more refined understanding of the game’s mechanics and
The recent filing by the US Securities and Exchange Commission (SEC) regarding the FTX bankruptcy case has raised serious concerns over the proposed repayment strategy. The plan to repay creditors through stablecoins or other digital assets has sparked a debate within the regulatory realm, with the SEC reserving the right to challenge these transactions under
In the Crypto Wealth Report 2024 by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has significantly increased by 95% to 172,300. This surge comes at a time when the total value of the crypto market has also risen to $2.3 trillion, marking an 89%
The crypto space is no stranger to security breaches, with recent data revealing that the industry witnessed a staggering $313 million in losses attributed to over ten different hacks in the past month alone. Shockingly, a whopping 93.5% of the stolen funds were the result of just two large phishing attacks that rocked the digital
In recent data collected by Bitbo, it is evident that Bitcoin miners experienced a significant decline in revenue generation during the month of August. The numbers paint a bleak picture, with only $827 million secured in mining activities, a stark contrast to the previous month’s $927.35 million. This decline marks a 57% drop from the
The digital asset investment market experienced a significant decrease in sentiment last week, leading to outflows totaling $305 million. This negative sentiment was felt across various regions and providers in the industry. CoinShares pointed to the stronger-than-expected economic data coming out of the United States as the primary reason behind this change. The data has
Bitcoin’s price has been on a rollercoaster ride in the past week, reaching highs of over $65,100 before plummeting to a 2-week low of $57,100. The digital asset failed to maintain its peak and started to lose value gradually, experiencing multiple price drops along the way. Despite a brief recovery to $61,000 on Thursday, it
The news of OKX SG securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is certainly making waves in the crypto industry. This license, which eliminates daily or monthly transaction limits, is a coveted achievement for companies operating in Singapore. It requires strict criteria to be met, including being registered
Cardano recently completed the Chang upgrade, moving towards a decentralized governance system that allows ADA holders to have a significant influence on the network’s future direction. This upgrade, named after Chinese mathematician Ch’ang Shou, was finalized at block 10764778 on September 1. The introduction of on-chain voting, Delegate Representatives, enhancements to smart contract capabilities with
Yuga Labs, the company behind the successful Bored Ape Yacht Club, recently announced a new initiative that could lead to more innovation in the future. The initiative, known as “The Workshop,” is described by co-founder and CEO Greg Solano as a team of “no fat, just doers” with a mission to create emerging products. This
A London resident, Habibur Rahman, has made history by becoming the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. Rahman was arrested on April 28, 2023, following a raid at a gadget shop in Chatham, where multiple crypto ATMs were located, including one for public use. The
The payments industry has experienced substantial growth over the last five decades and has become one of the largest sectors in the world. However, one significant issue that the industry faces is the reliance on outdated technology that hinders efficiency. According to a report by Binance Research, the traditional payment system operates on 50-year-old technology
Peter Diamandis, the founder of X Prize and Singularity University, recently posed a question to his 262K+ followers regarding the future of Bitcoin. The responses shed light on the unwavering reliability of Bitcoin. One commentator emphasized that Bitcoin has never failed in its core purpose of executing transactions every ten minutes for the past 15
Semilore Faleti, a prominent figure in the cryptocurrency world, has made a name for himself as a skilled writer specializing in journalism and content creation. His expertise lies in unraveling the complexities of blockchains and digital currencies, showcasing a deep understanding of the industry. In his formative years, Semilore honed his skills as a content
Pavel Durov, the CEO of the popular messaging app Telegram, recently found himself in hot water as he was released from prison and placed under judicial supervision in France. The conditions of his release included a hefty €5 million bond, a ban on leaving French territory, and the requirement to report to the police station
In a recent development in the cryptocurrency industry, Crypto.com, a Singapore-based exchange, has formed a partnership with Standard Chartered, a prominent multinational banking institution. The collaboration aims to provide fiat services to retail users globally, emphasizing the importance of banking and payment solutions for seamless transactions in multiple currencies. Standard Chartered will facilitate the deposits
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently unveiled tax reforms aimed at fostering the growth of startups in the Web3 and blockchain sectors. This announcement was made during the WebX Conference in Tokyo, which is known as the largest event in the city dedicated to cryptocurrencies. Saito used this platform to emphasize
The recent Wells notice issued by the U.S. SEC to OpenSea has brought the issue of digital-asset regulation to the forefront. The SEC’s contention is that certain NFTs traded on the platform may be considered unregistered securities, implying that OpenSea could be in violation of securities laws. This development has raised questions about whether the
Ryan Salame, a former FTX executive, recently made the decision to withdraw his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. This surprising move came in a letter dated Aug. 29, in which Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York
Congressman Wiley Nickel, a Democrat from North Carolina, recently took a strong stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system. His criticism revolves around what he describes as the SEC’s “regulation by enforcement” strategy, which he believes is an abuse of power. Nickel’s concerns
In a bold move that is sure to capture the attention of football fans everywhere, NFL Rivals has officially partnered with the reigning champions of Super Bowl LVIII, the Kansas City Chiefs. This groundbreaking collaboration marks a new chapter for NFL Rivals as it becomes the “Official Mobile Game of the Chiefs” for the upcoming
The latest findings by TRM Labs have revealed a disturbing trend in the world of cryptocurrency: illicit activity at crypto ATMs is on the rise. The report indicates that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019. What is even more alarming is that in 2023, the proportion of illicit