In a recent development, Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), made grave accusations against Binance, a popular cryptocurrency exchange platform. Akinwumi’s testimony in a lawsuit brought by the Economic and Financial Crimes Commission (EFCC) alleged that Binance had been involved in transactions that are typically reserved for authorized banks
As July approaches, there is hope for users of the now-defunct Mt. Gox exchange to finally receive restitution after a decade of waiting. However, market players are feeling uneasy about the upcoming distributions, fearing potential sell-offs. Bitcoin has been on a downward trend since the start of June, struggling to gain significant upward momentum despite
Cardano (ADA) has recently experienced a significant 3.4% increase in price over the past 24 hours, amidst a broader recovery in the cryptocurrency market. This positive price action is not unique to ADA, as Bitcoin and Ethereum have also seen slight gains of 2.5% and 2.2%, respectively. Technical analysis suggests that ADA may be on
The recent 15% drop in crypto markets, resulting in over $350 million exiting the space, has sent shockwaves throughout the industry. Price levels have plummeted to their lowest since late February, sparking concerns among investors and traders alike. However, this correction is not uncommon in the world of cryptocurrencies, with previous market cycles experiencing similar
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. With a specialized focus on blockchain technology and digital assets, Semilore has dedicated himself to unraveling the complexities and intricacies of the crypto world. His passion for the efficiency of digital assets in storing and transferring value has led him
Meme coins have been all the rage in the cryptocurrency world, with Shiba Inu (SHIB) and Dogecoin (DOGE) leading the pack during the latest bull cycle. However, as the market correction continues, investors are wondering which meme coins will shine the brightest if Bitcoin hits $100K. ChatGPT, an AI-powered chatbot, has analyzed the market and
The current crypto market is facing a turbulent phase, with Ethereum experiencing a significant downturn of nearly 15% in the past week. This negative price performance has led Peter Schiff, a well-known economist and critic of cryptocurrencies, to project a grim prediction for Ethereum. According to Schiff, Ethereum could plummet to as low as $1,500,
PancakeSwap, a well-known multi-chain decentralized exchange (DEX), recently unveiled an exciting community reward program that is set to run from July 5 to August 5. The program involves the distribution of more than 2.45 million zkSync (ZK) tokens to members of the PancakeSwap community. This initiative serves as a gesture of gratitude towards the community
Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently applied for a license to operate as a Virtual Asset Service Provider (VASP). The Financial Supervisory Commission has included Taiwan Mobile as the 26th VASP in its latest report. Lin Zhichen, the General Manager of the company, is designated as the person in charge, with
Former Solicitor General Donald B. Verrilli, now serving as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. Verrilli, along with Paul Clement, highlighted bipartisan concerns about the regulatory environment for digital assets. In a joint amicus brief filed on behalf of Custodia Bank, they criticized
