The Financial Times reported that crypto firms are increasingly turning away from the UK due to burdensome and time-consuming regulatory processes. According to a report by law firm Reed Smith, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past
Centralization remains a significant issue within the crypto space, with high levels of concentration of holdings among the top wallets of popular project tokens. This poses a threat to the decentralized nature that many cryptocurrencies aim to embody. Tokens such as Polygon (MATIC) and Shiba Inu (SHIB) exemplify extreme levels of centralization, with the top
Vitalik Buterin, the co-founder of Ethereum, has once again stirred up controversy within the crypto community by making significant transfers of ETH. Recent reports indicate that Buterin moved a total of 800 ETH, valued at approximately $2.01 million, to a multisig wallet. Following this transfer, 190 ETH from the same wallet were exchanged for 477,000
The past week in the cryptocurrency markets has been a rollercoaster of emotions for investors, with Bitcoin leading the charge. At the beginning of the week, BTC surged past $65,000, only to face a steep decline by Wednesday afternoon, dropping below $58,000. Despite a slight recovery attempt on Thursday, Bitcoin continues to struggle below the
The Nigerian Securities and Exchange Commission (SEC) recently announced that two local crypto exchanges, Busha Digital Limited and Quidax, have received “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). This move comes as part of the SEC’s efforts to encourage innovation while ensuring investor protection in the digital asset space. The approvals
Floki Inu (FLOKI) recently experienced a significant decline of nearly 20%, causing it to lose its position among the top 5 meme coins. The current price of FLOKI is approximately $0.0001272, with a market capitalization of $1.23 billion, making it the sixth-largest meme coin. Bonk Inu (BONK) has overtaken Floki Inu to claim the fifth
Blowfish Studios, a flagship game studio under Animoca Brands, is currently in the process of developing a groundbreaking multiplayer PvP game called DarkTimes. This game, infused with inspiration from Nordic mythology, offers players a dark and fantastical world filled with immersive combat and RPG elements. Unlike traditional battle royale games, DarkTimes introduces a new concept
Elon Musk, the CEO of Tesla Inc., recently emerged victorious in a high-profile lawsuit that accused him and his company of manipulating the price of Dogecoin (DOGE), a popular meme-based cryptocurrency. The lawsuit, filed by a group of disgruntled Dogecoin holders in June 2022, alleged that Musk and Tesla used social media and public statements
Recently, both Binance and Bybit have dropped hints about launching new products related to Solana. Binance’s official X account shared a mysterious message “BNSOL” along with “coming soon,” while Bybit introduced “bbSol” on its platform. These teasers have led to speculation within the crypto community that these exchanges might be gearing up to enter the
Cardano (ADA) has been facing a challenging position in the cryptocurrency market, with stagnant price growth despite being a well-known altcoin. Despite being one of the top bullish altcoins during the 2021 crypto bull run, Cardano has struggled to recover from the bearish sentiment and has not seen significant price gains compared to other major
