In the volatile world of cryptocurrency investments, traders are always on the lookout for the next big thing that promises exponential gains. This search has led many investors to migrate from the once high-flying Dogwifhat (WIF) to a hidden crypto ICO called Sponge (SPONGE). While Dogwifhat saw an impressive 18% pump recently, some are starting
The Securities and Futures Commission (SFC) in Hong Kong recently raised concerns about Bybit, placing it on its list of suspicious virtual asset trading platforms. The SFC highlighted that Bybit is operating without the necessary license required to conduct regulated activities in Hong Kong. This warning specifically targets 11 products offered by Bybit, including futures
The cryptocurrency markets have been experiencing mixed performance recently, with some major coins like Bitcoin and Ether facing profit-taking due to inflation figures. Despite this, other altcoins such as Solana and Dogecoin have been on the rise, leaving investors wondering about the best crypto to buy today. While Bitcoin and Ether have seen some pullbacks,
The blockchain analytics firm Elliptic recently uncovered that the North Korea-backed hacker group Lazarus has once again resorted to using the sanctioned crypto mixer Tornado Cash to obscure its transactions. This surprising move comes after the group had stopped using the crypto mixer last year following US government sanctions. These sanctions were a result of
MicroStrategy, an American business intelligence and software development company, has recently announced its plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes on the heels of the company’s recent purchase of 12,000 BTC, valued at approximately $821.7 million. With a total of 205,000 BTC in its possession,
Binance, a well-known cryptocurrency exchange, recently stated that Nigeria is not considered one of its top markets. This surprising revelation comes after a series of issues between Binance and the Nigerian authorities. Despite this statement, Binance acknowledged the extraordinary potential of Nigeria and expressed its intentions to continue investing in the country. Nigeria, being Africa’s
Crypto.com, a prominent cryptocurrency trading platform, has recently been slapped with a hefty fine of €2.85 million by the Netherlands Central Bank. The reason behind this penalty is the company’s failure to register with De Nederlandsche Bank (DNB) as required by Dutch regulations. The Anti-money Laundering and Anti-Terrorist Financing Act mandates all crypto firms operating
The U.S. Department of Justice recently made a significant move to seize $2.3 million in cryptocurrency believed to be associated with an elaborate “pig butchering” scam. The scam, which involved convincing victims to invest in fraudulent schemes, led to financial and emotional damage for many individuals across the United States. The investigation into the scheme
Ethereum price has been facing challenges as it struggles to maintain its position above the $4,000 zone. The price has been slowly moving lower, indicating a potential downside thrust towards the $3,850 support level. Despite trading to a new multi-month high above $4,080, Ethereum has corrected lower, trading below $4,000 and the 100-hourly Simple Moving
BNB price is currently gaining bullish momentum above the $550 resistance, showing positive signs of a potential rally above $650. The recent surge has seen the price increase by over 15%, breaking through the key $600 resistance zone. Furthermore, the price is now trading above $580 and the 100 simple moving average (4 hours), indicating