In a significant step, Nexo, the world’s leading institution for digital assets, has joined an innovative group of companies by joining the Association of Certified Sanctions Specialists (ACSS), proving a steadfast dedication to international regulatory compliance. Nexo wants to boost the team’s competencies by using ACSS’s vast databases, rigorous training
Stellar, the decentralized and open-source blockchain project, is making a notable impact in the crypto world with its impressive achievement in the number of off-ramps available for digital assets. According to a recent blog post by the Stellar team, the project now boasts the most crypto off-ramps on its blockchain.
As illicit activities in the crypto sector have increased, South Korea on Wednesday formed an interagency investigative team. This is an effort to combat cryptocurrency-related crimes. The Prosecutor’s Office said in a statement that around 30 individuals from judicial, financial, tax, and customs departments would comprise the Joint Investigation Centre
Bitcoin (BTC) was under selling pressure early in the week, sending the price down below the $30,000 support level to roughly $29,000. Some on-chain signs suggest potential development despite its relatively dismal prognosis. The fact that more and more Bitcoins are being removed from crypto exchanges and placed in private
After passing a virtual assets bill into law on Friday, the Namibian government plans to create a regulatory body to monitor the sector. To better regulate and oversee virtual asset service providers and associated activities, the government of Namibia has enacted the Namibia Virtual Assets Act 2023. The National Assembly
On July 26, Wednesday, the Federal Reserve of the United States is expected to reveal its interest rate decision. At 18:00 UTC (14:00 ET), the Federal Reserve is likely to announce a rate hike to a range of 5.25%-5.5%, followed by a news conference by Chairman Jerome Powell. According to
The memecoin community is rejoicing over the recent news of Dogecoin dominating other major cryptocurrencies like Bitcoin and Ethereum in terms of trading volume. It has experienced an impressive surge of 513.20%, breaking the 24-week streak of flat trading charts. Even Litecoin, which saw a persistent surge in trading volume due
Southeast Asian traders and investors have been heavily involved in the crypto sector. The amount of trading on Japanese exchanges increased by more than 60 percent last month compared to the start of 2023. Recent analysis from Kaiko attributes the increase in volume to yen market instability. The yen’s value
According to a report by CoinShares, crypto asset investment products saw outflows for the first time in five weeks, after four weeks of inflows from institutions totaling $742 million. The entire outflow from crypto asset investment products was $6.5 million. As investors sell off their Bitcoin holdings, they wonder whether
El Salvador was the first nation to recognize Bitcoin (BTC) as legal cash, and this year the country’s bonds have seen gains of 60%, second only to Bitcoin’s 80%. The unexpected interest in the country’s national debt indicates a dramatic change in outlook towards the economy. A year ago, El
