Binance, the world’s largest cryptocurrency exchange, is currently facing regulatory challenges in various jurisdictions, including India. The Financial Intelligence Unit (FIU) in India recently fined Binance a substantial amount for non-compliance with Anti-Money Laundering (AML) regulations. The exchange was charged with operating in India without meeting the necessary statutory obligations, violating provisions of the Prevention
Over the past few years, NVIDIA has emerged as a company that many see as the darling of Wall Street. With the largest market capitalization in the world, surpassing even tech giant Microsoft, it’s easy to see why there is so much excitement surrounding NVIDIA. However, is this hype truly justified? The Rise of NVIDIA
A recent incident involving Kraken, a prominent cryptocurrency exchange, has shed light on the unethical behavior prevalent in the industry. The Chief Security Officer, Nick Percoco, revealed that a group of white-hat hackers exploited a bug in Kraken’s system to steal digital assets worth around $3 million from the platform’s treasury. Despite being approached by
Blockchain security firm CertiK recently made headlines after discovering a critical vulnerability in the deposit system of the popular crypto exchange Kraken. The investigation revealed a loophole that allowed malicious actors to manipulate the system and withdraw fabricated funds. CertiK’s thorough testing also uncovered that millions of dollars could be deposited into any Kraken account,
The blockchain gaming industry is on the brink of a major evolution as Ronin, the Ethereum sidechain network associated with Axie Infinity, prepares to introduce zero-knowledge Ethereum Virtual Machines (zkEVM) through the use of the Polygon Chain Development Kit (CDK). This development is anticipated to bring about a significant enhancement in the scalability and efficiency
When it comes to managing your cryptocurrency assets while traveling, one of the key considerations is ensuring secure internet connections. Accessing your crypto accounts on public Wi-Fi networks, for example, can pose significant security risks. Hackers may intercept your data and gain unauthorized access to your digital wallet, potentially resulting in the loss of your
APhone has recently introduced AppNest, a decentralized app store that aims to revolutionize the traditional mobile app market dominated by tech giants like Apple and Google. This platform offers support for both blockchain-based decentralized applications and conventional Web2 apps, providing users with a unique Web3-native experience. One of the key features that sets AppNest apart
In a recent shocking turn of events, Montenegrin Prime Minister Milojko Spajic has been exposed as one of the early investors in Terraform Labs. This revelation comes from court documents released by the U.S. Securities and Exchange Commission (SEC), which detail Spajic’s investment of $75,000 in April 2018. This investment granted him 750,000 Luna tokens,
In recent times, XRP has experienced a rollercoaster of price movements, with a notable surge above $0.50 followed by a slight decline. Despite this, XRP has managed to erase its weekly losses, positioning itself as the only top cryptocurrency in the green during this period. The surge in open interest (OI) indicates that investors are
A federal high court in Nigeria recently dismissed a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The case was thrown out on June 19 by Justice Inyang Ekwo due to Anjarwalla’s lack of legal representation. This decision did not come
Cryptocurrency analyst and trader Tyler Durden recently expressed his bullish sentiment towards Ethereum (ETH), stating that the rise of ETH to $10,000 is inevitable. Durden emphasized the importance of traders going with the tide and not letting their emotions dictate their decisions. According to him, Ethereum’s surge to this price level is the “most asymmetric
In a recent turn of events, ex-convict Martin Shkreli, known for his involvement in financial-related frauds, has emerged as a key figure in the creation of the controversial Donald Trump-themed token DJT. This revelation has sent shockwaves through the crypto community, raising questions about the token’s authenticity and allegations of insider trading surrounding its creation.
The Founder and Chief Investment Officer of Ikigai Asset Management, Travis Kling, recently shared his insights on the state of Bitcoin and the broader cryptocurrency ecosystem. He mentioned that Bitcoin is around 10% off its all-time highs and expressed concerns about potential cannibalism in the market. Despite the NASDAQ performing well and setting new highs,
The world of Non-Fungible Tokens (NFTs) has seen a surge in popularity, with the Bitcoin network making a significant mark by ranking third in all-time sales. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have achieved a total sales volume of $4.29 billion, surpassing the previous record held by the Ronin blockchain. This places
Growing up in Edo State, Nigeria, surrounded by my three siblings, I have always been guided by the wisdom and support of my parents. Their unwavering love and encouragement have been the foundation of my journey, shaping me into the person I am today. It was three years ago when I first delved into the
The current state of the cryptocurrency market is characterized by significant turbulence, leading to a notable shift in investor behavior towards Bitcoin. Traditionally considered the safest asset in the digital currency ecosystem, Bitcoin’s dominance has soared to a nine-week high of 57%. Amidst the chaos in the market, Bitcoin stands out as a beacon of
The recent decision by the SEC to close its investigation into Ethereum 2.0 has provided clarity on the status of ETH sales. The SEC determined that sales of ETH are not securities transactions, aligning with the classification of ETH as a commodity by the Commodity Futures Trading Commission (CFTC). This decision followed a letter from
The US Securities and Exchange Commission (SEC) has expressed concerns regarding Circle’s stablecoin, USDC, as the company moves towards a multi-billion dollar initial public offering (IPO). The regulatory agency has raised issues about the potential classification of USDC and other stablecoins as securities under US law. This is not the first time the SEC has
Recently, Brazil’s Special Department of Federal Revenue has announced that they will be collecting information from foreign crypto exchanges to ensure that they are complying with local regulations. This move comes as a response to the increasing activity in the country’s crypto market and the need to crack down on potential illegality. Deputy Secretary of
Recently, the Financial Supervisory Service (FSS) of South Korea has made it clear that it is not directly involved in the listing or delisting of virtual assets on local crypto exchanges. Instead, the FSS’s role primarily focuses on establishing listing standards and providing support in creating best practices. This clarification comes in response to rumors
David Hirsh, who held the position of Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years with the regulator. In a post on LinkedIn, he expressed gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh mentioned that
Recent data from CoinShares reveals that crypto funds experienced significant outflows last week, marking a stark contrast to the five consecutive weeks of inflows that preceded it. The net outflows totaling $600 million were primarily concentrated in Bitcoin and Solana funds, with Bitcoin alone seeing $621 million in exits. These outflows coincide with a decline
In the midst of negative market conditions, Ripple’s XRP has managed to rise by 1% in the past 24 hours and 3% over the course of the week. This performance has outshined popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), all of which experienced a dip of approximately 3% during the
The Vatican Library has announced a groundbreaking project aimed at expanding its digital reach through the use of non-fungible tokens (NFTs) and Web3 technology. In a move that signals a new era of engagement with supporters, the library is granting non-transferable NFTs to backers of its manuscript collections. This initiative, currently in the experimental phase,
The Aavegotchi Rarity Farming Season 8 has been announced, bringing with it a substantial 150,000 GHST prize pool and exciting new features to enhance the competitive experience for players. Aavegotchi is a unique Web3 game that combines NFT collectibles, decentralized finance (DeFi), and gaming to create an engaging and immersive experience for participants. Aavegotchis are
The renowned crypto analyst, Jelle, has made a bold prediction regarding Ethereum’s price, projecting it to surge to $5,000 by the end of the year. This forecast comes at a time when Ethereum is experiencing a period of stabilization above the $3,500 mark, following a correction from its peak in March. The current market dynamics
Bitcoin experienced a whirlwind of volatility on Monday, particularly during the evening hours, plunging to a new monthly low of $64,000. The altcoins also saw significant fluctuations, with many experiencing massive declines. This resulted in a staggering 190,000 traders being liquidated on a daily basis. The leading cryptocurrency had a relatively calm weekend, hovering around