The UK Financial Conduct Authority (FCA) has recently revealed its intention to recover approximately $8 million in costs associated with the supervision of stablecoins and crypto. This initiative, detailed in a March 19 release, aims to impose fees on stablecoin issuers and digital asset custodians to cover these expenses. The FCA plans to recuperate £6.2
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Cryptocurrency has seen a recent surge in popularity, with many investors turning to digital assets as a way to diversify their portfolios. One of the top performers in the market is Avalanche (AVAX), which has seen a 22% increase in value over the past seven days. This rise comes at a time when many other
When it comes to meme coins, it’s hard to ignore the starkly different trajectories of FLOKI and SPONGE in the current market. FLOKI has taken a hit, plummeting by 18% in the last 24 hours to reach a price of $0.0001736, making it the sixth largest meme coin with a market capitalization of $1.6 billion.
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets amounting to $1.5 trillion, has made a significant announcement regarding its plans to explore diversification opportunities that involve Bitcoin. This initiative is part of a broader strategy that includes traditional investments such as gold, as well as unconventional
BitMEX recently found itself investigating an uncommon incident involving a user selling large orders on its Bitcoin spot market. This activity drew attention as a rogue seller offloaded more than 400 BTC on the exchange, causing the price of Bitcoin to plummet by 87% to as low as $8900 on the platform before recovering to
Bitcoin, the leading cryptocurrency in the market, has been experiencing a tumultuous ride in terms of price fluctuations. The recent downfall in Bitcoin’s price has sent shockwaves throughout the entire crypto market, with significant losses across the board. From reaching an all-time high of nearly $74,000, Bitcoin has now shed roughly $10,000 in value, plunging
The NodeMonkes NFT collection, known as Bitcoin’s premier collection, has experienced an impressive surge of over 50% in the last 24 hours. This surge has propelled NodeMonkes to surpass the Bored Ape Yacht Club (BAYC) in terms of market capitalization, making it the second-largest NFT collection in the market. CoinGecko data revealed a significant 53.3%
In a groundbreaking event in the realm of digital art, a remarkable record was achieved as an Ethereum-based Non-Fungible Token (NFT) featuring the widely popular Dogwifhat meme was sold for an astonishing $4.3 million worth of ETH. This historic sale now holds the title for the most expensive meme NFT ever sold, eclipsing previous records
Colony, developed by Parallel Studios, is a groundbreaking survival simulation crypto game that leverages AI technology and operates on the Solana blockchain. This innovative game has already captured the attention of the gaming community due to its unique concept and advanced features. Parallel Studios, known for their popular Ethereum-based NFT game Parallel, aims to revolutionize
The US Securities and Exchange Commission (SEC) chair, Gary Gensler, recently spoke out against the practice of “AI washing” in the financial sector. AI washing refers to the misuse of artificial intelligence technology, particularly when individuals or companies make false claims about the use of AI in their financial activities. Gensler emphasized that such activities
