Recently, Hong Kong’s Securities and Futures Commission (SFC) has raised concerns about Bybit, a virtual asset trading platform, for operating without the required licensing. The SFC issued a public warning on March 14, stating that Bybit had offered its products to investors in Hong Kong without proper authorization. Unlicensed Operations and Concerns The SFC highlighted
The crypto market is currently experiencing mixed conditions on Thursday, with Bitcoin and Ether seeing profit-taking after the release of hotter-than-expected US PPI inflation figures. While Bitcoin is trading just under $71,000 and Ether around $3,900, other major altcoins like Solana and Dogecoin are pushing higher. This has left investors pondering the best crypto to
Binance recently made a statement regarding its operations in Nigeria, stating that the country is not one of its top markets. This comes in the midst of a conflict with local authorities over allegations of manipulating the local fiat currency. The dispute escalated to the point where two senior executives from the exchange were detained.
In the fast-paced world of cryptocurrency, meme coins like Satooshi Nakahobo have been making headlines with their explosive price surges. Satooshi Nakahobo, in particular, saw a staggering 600x surge in value, attracting the attention of investors looking to capitalize on the latest trends in the market. However, despite its initial success, the coin’s price volatility
Cardano, a blockchain project that has been making significant strides in the crypto space, has yet to break past the $0.8 price level this year. Despite lagging behind in price action compared to its peers, Cardano continues to pique the interest of investors with its ongoing developments and increasing network activity. This article delves into
Crypto.com, a prominent crypto trading platform, has recently faced a hefty fine of €2.85 million from the Netherlands Central Bank for operating within the European country without proper registration for two years. The Dutch regulations stipulate that crypto firms must register with De Nederlandsche Bank (DNB) under the Anti-money Laundering and Anti-Terrorist Financing Act to
MicroStrategy, the American business intelligence and software development company, has announced its intention to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes shortly after the company sold approximately $800 million in convertible debt offerings to purchase 12,000 BTC, valued at $821.7 million at the time. It is evident
Bitcoin recently hit a new all-time high of nearly $74,000, just hours after dropping below $72,000. This surge comes after a strong end to the previous week, where Bitcoin broke the $70,000 barrier for the first time, only to experience a slight retracement. Despite this setback, Bitcoin bulls quickly recovered ground over the weekend, leading
MakerDAO, a leading DeFi lending protocol, has recently announced its ambitious ‘Endgame’ plan, set to launch in summer 2024. This first phase will see the rollout of a series of major features aimed at driving growth and establishing a virtuous cycle of Dai adoption. The introduction of SubDAOs, new tokenomics, a rebranded image, and innovative
A recent collaboration between PIXELYNX, Animoca Brands, and Banijay Brands resulted in the creation of a new NFT collection inspired by the “Nosedive” episode from the popular TV series Black Mirror. The collection, named “Black Mirror Experience: Smile Club“, was officially announced on March 12 and quickly gained traction, selling out in less than three
