Recently, a Federal High Court in Nigeria made a significant ruling that could potentially have far-reaching consequences for Binance, the world’s largest cryptocurrency exchange. The court ordered Binance to release comprehensive data of all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This move comes as part of a
The ERC-7231 token standard represents a significant advancement in the realm of non-fungible tokens (NFTs). Building upon the widely used ERC-721 standard, ERC-7231 introduces new features and capabilities that aim to revolutionize the landscape of NFTs. At its core, ERC-7231 focuses on identity binding, allowing for the secure linking of multiple Web2 and Web3 identities
The recent regulatory filings from the US SEC have revealed a significant delay in the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs). Investment firms like VanEck, Ark Invest, Hashdex, and Grayscale have all been affected by these delays, sparking discussions about the future of crypto ETFs in the US. This news has
In the fast-paced world of cryptocurrency, one of the latest trends to emerge is the explosion of meme coins. One such example is Kermit (KERMIT), a token inspired by the Muppets show character. Within just 24 hours, KERMIT has experienced a whopping 600x surge in value, capturing the attention of investors looking for quick gains.
The UK Financial Conduct Authority (FCA) recently announced its intention to recover the equivalent of $8 million in costs associated with the supervision of stablecoins and crypto. This monetary recovery will be achieved through the imposition of fees on stablecoin issuers and digital asset custodians. The main objective is to recover £6.2 million ($7.9 million)
When it comes to meme coins, the market can be a wild rollercoaster ride with extreme highs and lows. Two meme coins that are currently showcasing completely opposite performances are FLOKI and SPONGE. FLOKI has taken a significant hit recently, plummeting by 18% in the last 24 hours to reach a trading price of $0.0001736
In the volatile world of cryptocurrency, one coin has managed to stand out amidst market-wide pullbacks – Avalanche (AVAX). AVAX has seen a remarkable 22% increase in value over the past seven days, outperforming many other top fifty cryptocurrencies. Despite a 5.2% drop in price over the last 24 hours, AVAX is currently trading at
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets totaling $1.5 trillion, has recently made quite a splash by expressing interest in exploring investment opportunities in Bitcoin. This move highlights a potential shift in the fund’s investment strategy, traditionally associated with more conservative asset classes like gold,
BitMEX is currently investigating an unusual incident involving a user who was selling large orders on its Bitcoin spot market. This rogue seller unloaded more than 400 BTC on the exchange, causing the price of Bitcoin to crash by 87% to as low as $8900. While this event did not impact BitMEX’s derivative markets or
NodeMonkes, a prominent NFT collection within the realm of Bitcoin, has experienced a remarkable surge in market capitalization, surpassing the well-known Bored Ape Yacht Club (BAYC) by over 50% in just 24 hours. CoinGecko data reveals a significant 53.3% increase in NodeMonkes’ floor price, propelling it to become the second-largest NFT collection in terms of