Crypto P2P users in Nigeria worry over using various platforms to launder funds as the country's central bank cracks down on bank accounts that receive a share of Flutterwave’s rumored stolen funds.
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Nigerian crypto investors question central bank's decision to flag p2p users
Crypto P2P users in Nigeria worry over using various platforms to launder funds as the country's central bank cracks down on bank accounts that receive a share of Flutterwave’s rumored stolen funds.
Freeport clears SEC Reg A review for tokenized art offerings
It appears that the SEC has exempted NFT art tokenization from registration as security offerings.
SEC chief Gary Gensler to face Congress grilling over crypto policy
FSC chief noted that their primary focus would be setting the groundwork for crypto regulations in the U.S.
SEC chief Gary Gensler to face Congress grilling over crypto policy
The chair of the Financial Services Committee said its primary focus would be setting the groundwork for crypto regulations in the United States.
ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests
The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks.
Polygon price fractal
The cues for a bullish Arbitrum token could be traced back to its Ethereum L2 rival Polygon's market debut.
MATIC started trading on Binance on April 26, 2019, at $0.0026 per token. MATIC/USD rallied nearly 300% to reach $0.0105 on the same day before wiping out 70% of those gains in a market correction by May 9, 2019.
It regained its upside momentum afterward, rallying by nearly 1,350% to $0.045 on May 21, 2019.
MATIC/USDT four-hour price chart. Source: TradingView/MacThe price trajectory reflects a recurring phenomenon involving the launch of digital tokens with seemingly strong fundamental backing, according to independent market analyst Mac.
ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests
The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks.
Polygon price fractal
The cues for a bullish Arbitrum token could be traced back to its Ethereum L2 rival Polygon's market debut.
MATIC started trading on Binance on April 26, 2019, at $0.0026 per token. MATIC/USD rallied nearly 300% to reach $0.0105 on the same day before wiping out 70% of those gains in a market correction by May 9, 2019.
It regained its upside momentum afterward, rallying by nearly 1,350% to $0.045 on May 21, 2019.
MATIC/USDT four-hour price chart. Source: TradingView/MacThe price trajectory reflects a recurring phenomenon involving the launch of digital tokens with seemingly strong fundamental backing, according to independent market analyst Mac.
Circle prefers reserves and payment rails with the Fed, says exec
Circle’s APAC Vice President said that the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed, in light of the recent banking crisis.
BitKeep completes compensation for $8M APK exploit, announces rebranding
BitKeep Wallet will now be known as Bitget Wallet following a $30 million investment from the namesake crypto derivatives exchange last week.
Australian senator introduces private bill to expedite crypto regulation
Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.
Australian senator introduces private bill to expedite crypto regulation
Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.
Australian senator introduces private bill to expedite crypto regulation
Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.
Time to buy 'jpegs'? Community responds to upcoming Ethereum withdrawals
While many expressed serious sentiments, a Twitter user poked fun at the update, saying that it’s time to spend ETH on nonfungible tokens.
Time to buy 'jpegs'? Community responds to upcoming Ethereum withdrawals
While many expressed serious sentiments, a Twitter user poked fun at the update, saying that it’s time to spend ETH on nonfungible tokens.
EU lawmakers push for stricter rules on anonymous crypto transfers
The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against, and six abstentions.
Bitcoin price jumps above $28K after 1.5K BTC shorts 'blown out'
Bitcoin bears get a sudden roasting as short squeeze sends BTC price action to levels last seen before the Binance regulatory debacle.
Bitcoin price jumps above $28K after 1.5K BTC shorts ‘blown out’
Bitcoin (BTC) returned to $28,000 on March 29 as a classic short squeeze took the market to five-day highs.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC liquidations mount as Bitcoin reverses Binance dip
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $28,159 on Bitstamp.
The abrupt uptick came courtesy of exchanges, where a band of shorts was “blown out” to remove resistance and allow higher levels to return.
As noted by the analyst, Skew, these shorts were left over from Bitcoin’s prior moves and were worth around 1,500 BTC.
“Looks like the previous bounce was shorted heavily & those shorts just got blown out,” part of the accompanying commentary stated.
Russia delays digital ruble launch testing due to lawmaking process
The participating banks expressed their readiness to proceed with the CBDC pilot.
Jake Paul-endorsed SafeMoon gets hacked after introducing a bug in upgrade
SafeMoon, a project previously endorsed by A-list celebrities and social influencers such as Jake Paul and Soulja Boy, announced its liquidity pool (LP) was compromised. Without revealing further details about the attack, SafeMoon confirmed undertaking steps “to resolve the issue as soon as possible.”
Just like many other crypto projects in 2021, SafeMoon was backed by numerous celebrities. However, a lawsuit from Feb. 2022 alleged that musicians such as Nick Carter, Soulja Boy, Lil Yachty and YouTubers Jake Paul and Ben Phillips mimicked real-life Ponzi schemes by misleading investors to purchase SafeMoon (SFM) tokens under the pretext of unrealistic profits.
Jake Paul promoting SafeMoon token in 2021. Source: TwitterInvestigating the SafeMoon hack shows that the attacker made away with approximately 27,000 BNB (BNB), worth $8.9 million. SafeMoon has not yet responded to Cointelegraph’s request for comment. Moreover, users have been barred from posting comments on the announcement that revealed the LP compromise.
Blockchain investigator Peckshield narrowed the problem to a recent software upgrade as a potential culprit that introduced the bug. A public burn() function introduced in the latest upgrade allegedly allows users to burn tokens from other addresses.
As explained by community member DeFi Mark, the attacker used the vulnerability to remove SFM tokens, causing an artificial spike in the token’s price. The attacker took advantage of the situation and sold off the tokens at an inflated price.
The government should fear AI, not crypto: Galaxy Digital CEO
Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation.