Nigeria’s Securities and Exchange Commission (SEC) has set a 30-day deadline for cryptocurrency exchanges and digital asset traders to re-register their operations, cautioning that enforcement measures will be taken against those who fail to comply. The Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) was introduced by the SEC to modernize the
The recent distributed denial of service (DDoS) attack on the Cardano network showcased its ability to withstand and mitigate malicious activities. Despite the attack, services like SundaeSwap continued to operate effectively, demonstrating the network’s resilience. The complex decentralized structure of Cardano, with its distributed nodes and mem-pools, made it challenging for the attacker to cause
Abra, along with CEO William “Bill” Barhydt, has recently come to a settlement with 25 US state regulators for providing cryptocurrency trading services without the necessary licenses. This agreement was announced in a press release from the Conference of State Bank Supervisors (CSBS) on June 26. As part of the settlement, the regulators decided to
The introduction of Sonic, the first gaming Layer-2 (L2) infrastructure on Solana, has caused ripples in the blockchain gaming community with its recent achievements. In just one week of launching the Sonic Testnet Odyssey, the platform managed to attract over 100,000 unique wallets and processed a staggering 17 million transactions. This remarkable feat underscores the
Recent analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns, particularly among whales in the cryptocurrency market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), data shows a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply added
The Chief Investment Officer of Bitwise, Matt Hougan, recently shared his insights on the potential inflows that the US Spot Ethereum ETFs could attract. His analysis pointed towards significant figures that could flow into these funds within the first 18 months of trading. Hougan highlighted the market capitalizations of Bitcoin and Ethereum as a basis
During an interview at the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed his confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for when these ETFs would be approved, he highlighted that the main focus was currently on asset managers ensuring full disclosure in their registration
Bitcoin has recently encountered a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to surpass a crucial threshold indicates the strength of selling pressure and raises concerns about potential downward trends among traders and investors. The rejection at this key level has prompted a reassessment of
The gaming-focused blockchain Oasys has recently announced a strategic partnership with Vortex Gaming, a prominent gaming community platform based in South Korea. This collaboration aims to expand Oasys’ presence in the Korean market by allowing Vortex players to access the latest blockchain-based games offered by Oasys. By tapping into Inven’s extensive Korean gamer community, which
Bitcoin, the undisputed king of cryptocurrencies, has reached a critical juncture in its journey. Following a strong performance in the first half of 2024, where it surpassed the $71,000 mark, Bitcoin has now retreated to the $61,000 support level. This recent dip has sparked a debate among analysts, highlighting the uncertainty surrounding the digital asset’s
