In the past few months, Nigeria and the USA have contested over the arrest of Binance Executive and US citizen, Tigran Gambaryan. This ongoing battle regarding Gambaryan’s prosecution has caught the market’s attention. Mohammed Idris, Minister of Information, made a statement on Wednesday defending Nigeria’s take on the case. He
June 6, 2024 2 mins read
A student of Chinese Zhejiang University, Yang Qichao issued a virtual currency token BFF in 2022. After the issuance, Qichao’s uninformed liquidity withdrawal caused a crypto investor, Luo, to lose 50,000 BSC-USDT coins that he exchanged for the tokens. This pushed Luo to file a complaint with the Nanyang Public
June 6, 2024 2 mins read
The largest Japanese crypto exchange, DMM Bitcoin, made an official statement on Wednesday that it will raise 50 billion Yen to buy Bitcoin. The Bitcoin purchase worth $321 million is to reprimand customer losses over the recent security breach according to Bloomberg reports. On June 3, DMM Bitcoin reported a
June 5, 2024 2 mins read
The overall crypto sector has initiated the month with struggles to break resistance beyond last month’s bullish momentum. Leading cryptocurrency Bitcoin is struggling to break resistance at $69K. Parallely, with increased volatility, Ethereum price also struggles to surpass key resistance levels, $3700 and $3800. Notably, the SEC’s approval of
June 4, 2024 2 mins read
Morgan Stanley-owned trading platform ETrade is speculating on prominent youtube/finance influencer Roaring Kitty’s actions in the market according to Wall Street Journal reports. The financial services company has closely watched the influencer’s ETrade account. It is considering removing him from the platform suspecting GameStop’s ‘stock manipulation.’ Notably, ETrade has reported
June 4, 2024 2 mins read
The prominent OKX crypto exchange platform announced that it has launched its exchange services and Web3 wallet in the Netherlands. The platform made the statement on its X account on June 3, 2024. OKX currently renders services in over a hundred countries as stated in its website. OKX, formerly known
June 3, 2024 2 mins read
The overall crypto market witnessed key moments in May 2024. While the market witnessed price hikes, the SAB 101’s veto caused obstacles. Cryptocurrency has also played a crucial role within the US political landscape which fueled further events. Besides, with multiple crypto crimes and significant arrests the month has been
June 3, 2024 3 mins read
The Securities & Futures Commission of Hong Kong released the list of crypto exchanges that applied for trading licenses in the country. In the list, the Securities Regulator specified eleven exchanges that are deemed to be approved for licenses in the coming days. The list included leading exchanges Bullish, Crypto.com
June 1, 2024 2 mins read
Ark Invest, the prominent global asset manager, announced on June 1, that it is no longer a partner in the ARK 21Shares spot Ethereum ETFs. The platform stated that 21Shares will be going solo on the Ethereum ETFs. Following this, the SEC released the amended S-1 filings where the ETF
June 1, 2024 2 mins read
The crypto market has sustained a bullish trend in the past two weeks. Leading cryptocurrency Bitcoin, has surged by 0.54% in the last 24 hours. Ethereum has also witnessed an increase by 1.06% since Thursday. The overall market cap has increased by 0.97% in the past 24 hours. In particular,
May 31, 2024 3 mins read