Centralization in the cryptocurrency market poses a significant threat to the decentralized nature of the industry. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have come under scrutiny for the high concentration of holdings among the top wallets. For example, Polygon’s top ten wallets control a staggering 69.4% of its total market capitalization, making it
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Crypto firms are facing increasing challenges in the UK due to burdensome and time-consuming regulatory processes. According to a report from the Financial Times, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have dropped by more than 50% in the past three years. This signals a growing
Recently, the Nigerian Securities and Exchange Commission (SEC) has given the green light to two local crypto exchanges, Busha Digital Limited and Quidax, to operate under the Accelerated Regulatory Incubation Program (ARIP). This Approval-in-Principle marks a significant step towards complying with upcoming regulations on virtual asset service providers, set to be released in May 2022.
The past week has been a wild ride for bitcoin and most altcoins in the cryptocurrency markets. Bitcoin started the week strong, rising above $64,000 after bullish developments in the US, including hints of interest rate cuts by Fed Chair Jerome Powell. However, the weekend was quiet for bitcoin, despite turmoil in the crypto market
Floki Inu (FLOKI) recently experienced a drastic decline of close to 20%, resulting in its position dropping among the top 5 meme coins in the market. The current trading price of FLOKI stands at approximately $0.0001272, with a market capitalization of $1.23 billion. As a result of this downturn, Bonk Inu (BONK) has overtaken FLOKI
Blowfish Studios, a game developer under the Animoca Brands umbrella, is creating waves in the gaming industry with their latest project, DarkTimes. This medieval-themed multiplayer PvP game is not just your standard battle royale; it is a brawler royale that promises a unique gaming experience for players. Set in a dark and fantastical world inspired
Recently, Elon Musk, the CEO of Tesla Inc., successfully had a high-profile $258 billion lawsuit thrown out. The lawsuit accused him and his company of manipulating the price of Dogecoin (DOGE), a popular meme-based cryptocurrency. The lawsuit was filed in June 2022 by a group of disgruntled investors who claimed that Musk and Tesla used
Two major crypto exchanges, Binance and Bybit, have recently dropped hints about launching new products related to Solana. The mysterious messages shared by both exchanges have left the crypto community speculating about a potential entrance into the Solana liquid staking market. Liquid staking is gaining traction as a popular way for users to earn additional
Timing the Bitcoin bottom is a common goal for many cryptocurrency traders, as they aim to buy in at the perfect moment. With the price of BTC reaching new all-time highs, crypto analysts continue to search for indicators that can predict the optimal time to invest in the leading cryptocurrency. One such analyst, R.N. Elliot,
When delving into the world of cryptocurrency, one might ponder the age prerequisites for purchasing and selling digital assets. Is there a minimum age limit for buying cryptocurrencies legally in 2024? Are there contrasting age regulations for selling crypto compared to buying it? Having insight into these age restrictions is crucial for abiding by legal