The Nigerian authorities are intensifying their efforts to clamp down on crypto trading, with a specific focus on peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A circulating document on social media has revealed that the Central Bank of Nigeria (CBN) has instructed financial institutions to identify and impose restrictions on individuals or
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The cryptocurrency market is witnessing a surge in meme coins such as Bonk Inu, dogwifhat, and others. These meme coins are gaining popularity and experiencing significant price increases. While leading meme coins like Dogecoin and Shiba Inu are showing more modest gains, newer entrants are grabbing the spotlight with daily price spikes. In recent trading
As the crypto market continues to ebb and flow, many investors are looking for the best opportunities to put their money into. While Bitcoin remains the most well-known and trusted crypto asset, other altcoins are also gaining traction in the market. One such altcoin that has been making waves recently is Hedera Hashgraph (HBAR). This
NuggetRush is not your average game. It immerses players in a 3D mining metaverse, offering a plethora of resource-rich lands to explore. Whether you prefer solo adventures or team gameplay with friends, NuggetRush provides the tools and machinery necessary for efficient resource mining. One of the standout features of NuggetRush is its NFT characters with
Charles Hoskinson, the founder of Cardano, is delving into the world of blockchain gaming with his latest venture. The first game to come out of this endeavor is Voyager: Ascension, a fast-paced sci-fi shooter developed in collaboration with RFLXT, a company under the IOG portfolio. This game, reminiscent of Overload, is now available for free
Cardano (ADA) has recently dropped out of the global top 10 crypto rankings, sparking concerns among investors. The price of ADA is currently hovering just above $0.50, down nearly 3% for the day. Despite a 25% increase from its recent lows, ADA is still trailing behind other major cryptocurrencies in terms of performance. The lackluster
Block Inc., led by Jack Dorsey, has recently announced a groundbreaking development in the world of Bitcoin mining. The company has successfully completed the design of its three nanometre (3nm) Bitcoin mining chip, which is set to revolutionize the mining industry. This achievement marks a significant milestone for Block Inc.’s mining project and signals a
Venezuela’s state-owned oil and gas company, PDVSA, is reportedly looking to accelerate its use of cryptocurrency, particularly USDT, the largest stablecoin by market capitalization. The company started integrating USDT for oil sales in 2023 and has now implemented a new policy requiring new customers to have a digital wallet holding cryptocurrency. This move comes in
The Dork Lord token, also known as DORK, has recently seen a significant surge in value, skyrocketing by an impressive 83,810%. This PEPE-style token, built on the Solana blockchain, gained popularity on social media platforms like Crypto X (formerly Twitter) after catching the attention of SOL meme coin enthusiasts and alert bots. Despite its initial
Two leading organizations in the cryptocurrency realm, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently taken a bold step by filing a legal action against the US Securities and Exchange Commission (SEC). Their argument revolves around the SEC’s alleged overreach in sanctioning a rule that redefines the parameters for determining a
Stablecoin issuer Tether has announced that they will freeze any addresses linked to sanctioned entities. This move comes after reports revealed that state actors were using Tether’s USDT tokens to bypass US sanctions. A spokesperson for Tether stated that the company respects the Office of Foreign Assets Control (OFAC) SDN list and is dedicated to
With the recent Bitcoin halving event causing significant changes in the cryptocurrency space, Bitfinex’s analysis provides reassurance to investors regarding the market dynamics of BTC post-halving. According to Bitfinex’s Alpha report released on April 22, the on-chain data indicates positive developments for Bitcoin despite the current uncertainty in the United States economy. The report highlights
The recent surge in Ethereum’s market recovery has been attributed to significant buys suspected to have been made by Tron’s founder, Justin Sun. Sun’s accumulation spree has once again brought attention to the bullishness of crypto whales towards Ethereum despite its fluctuating prices. According to on-chain analytics platform Lookonchain, a mysterious wallet suspected to belong
Meta has recently announced its plans to expand its Meta Quest ecosystem by allowing third-party manufacturers, such as Xbox and Lenovo, to use the Meta Horizon OS operating system in their devices. This move is expected to revolutionize the metaverse and make mixed-reality technologies more accessible to a wider audience. Meta has been investing in
Recent data indicates that Ethereum Open Interest has been lingering at lower levels, raising concerns about the potential impact on the cryptocurrency’s price movements. When looking at the total number of derivative contracts open for Ethereum across all exchanges, the Open Interest serves as a key indicator of investor sentiment in the market. An increase
Recent reports have shed light on a new Ethereum whale that has been actively purchasing ETH over the past few weeks. This mysterious wallet, suspected to be owned by Tron founder Justin Sun, has made significant moves in the market. According to blockchain research platform Lookonchain, the whale began its buying spree on March 31,
As the gaming industry continues to evolve and expand, exciting new opportunities arise for both developers and players alike. The Machines Arena is one such opportunity, a top-down MOBA game set to launch its open beta version on April 23rd. With a unique approach to team-oriented gameplay and a range of new features, The Machines
Cardano recently experienced a significant price crash in the past two weeks, amidst a broader market downturn led by Bitcoin. The crash led to the formation of an ABC wave pattern, which is known for causing sharp price declines, with Cardano plummeting by as much as 50%. However, with the recent market recovery, the ADA
In response to the rapid growth and increasing complexity of the digital assets sector, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this industry. This initiative aims to enhance the regulatory landscape to support innovation and security within the burgeoning field.
Recently, two SEC trial lawyers, Michael Welsh and Joseph Watkins, resigned amidst the legal case against crypto firm DEBT Box. The controversy surrounding their handling of the case led to their resignations in April. It is concerning that inaccuracies in the information presented by Welsh and Watkins resulted in a temporary restraining order and asset
Recent volatility in the crypto market has not spared Ethereum, the second largest crypto token by market cap. Despite this, data from Coinglass indicates that a majority of Ethereum investors and traders are bullish on the future price of the crypto token. Many have opened long positions on Ethereum, signaling their belief in significant upward
The Brazilian stock exchange, B3, made headlines in the cryptocurrency world after announcing its plans to introduce Bitcoin futures as part of its offerings. This move was highly anticipated by cryptocurrency enthusiasts, who were eager to see how this new development would impact the market. Upon the official launch of Bitcoin futures on April 17,
FTX creditors are facing a critical decision as the defunct exchange’s bankruptcy estate plans to auction off its remaining Solana token holdings. This auction represents a unique opportunity for retail investors impacted by the collapse of the exchange to participate in the process and potentially recoup some of their losses. Encouragement for Participation Sunil Kavuri,
Recently, Kenyan authorities have been preparing to extradite Nadeem Anjarwalla, a Binance executive wanted by the Nigerian government. A coordinated effort involving various agencies, including the Economics and Financial Crimes Commission (EFCC), Nigeria Police Force, Kenya Police Service, Federal Bureau of Investigation (FBI), and International Criminal Police Organization (INTERPOL), resulted in his capture in Kenya.
The recent Bitcoin halving event on April 20 has significantly impacted miners’ profitability. The reduction in block rewards from 6.25 BTC to 3.125 BTC has forced miners to find alternative ways to remain profitable in the current market environment. With the decrease in daily asset production, miners are now relying more on transaction fees and
Gaswizard, a groundbreaking solution to the age-old challenges faced by drivers globally, has finally made its debut. This platform marks a new era in the world of transportation, characterized by innovation, efficiency, and empowerment. With Gaswizard, drivers can now embark on a transformative journey towards a future where mobility is seamless, sustainable, and accessible to
As the crypto markets display signs of recovery over the weekend, the focus shifts towards a busy economic calendar in the United States. The Federal Reserve’s key inflation metric takes the spotlight this week, potentially influencing monetary policy moving forward. The impact of this metric on market sentiment cannot be understated. New Home Sales Figures