Binance, the leading cryptocurrency exchange, made a significant announcement regarding its efforts to prevent over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A staggering $1.1 billion, which accounts for 45% of the total sum, was attributed to withdrawals associated with suspected crypto scams. These preventive
Ethereum price recently encountered a setback as it started a pullback from the $2,680 resistance level. This decline has put ETH at risk of further downsides if it fails to maintain its position above $2,550. Looking at the technical indicators, Ethereum is currently trading below $2,650 and the 100-hourly Simple Moving Average. Moreover, there is
The Nigerian Federal Inland Revenue Service (FIRS) is taking a step towards regulating the rapidly growing crypto sector in the country. This move is aimed at driving economic growth and fostering innovation in the digital assets space. FIRS Executive Chairman Zacch Adedeji stressed the importance of updating Nigeria’s outdated regulatory framework to incorporate new technologies
Aayush Jindal, a distinguished figure in the financial markets realm, has garnered over 15 years of experience in Forex and cryptocurrency trading. His journey began at a young age, where his innate talent for decoding intricate systems and patterns set him on a path to becoming a leading authority in the industry. Fueled by an
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in the fight against crypto scam websites, shutting down a staggering 615 such sites in the past year alone. This move is part of a broader effort to combat investment fraud across the country, with ASIC also closing 7,300 other scam websites including fake investment
Recently, well-known crypto expert Xaif made an audacious prediction regarding XRP, claiming that the altcoin is gearing up for a significant breakout. This prediction is based on a bullish Symmetrical Triangle pattern on the altcoin’s chart in the weekly timeframe. According to Xaif, this pattern typically indicates a consolidation phase before a potential breakout, with
Recent trading activities have demonstrated that PEPE is facing significant selling pressure as its price dips below the crucial $0.00000766 support level. This downward movement indicates a strong bearish sentiment as bears take control and set their sights on further downside potential towards the $0.00000589 mark. The breach of this important level has sparked concerns
Samuel Edyme, known in the digital realm as HIM-buktu, is a multifaceted individual with a unique story to tell. His foray into the world of web3 content writing, journalism, and trading has been nothing short of extraordinary. Despite encountering setbacks early on, including falling victim to a Ponzi scheme, Edyme has emerged as a resilient
Last night at a Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats came together to express their strong support for crypto. They emphasized the importance of regulatory clarity and bipartisan collaboration to shape the industry’s future. Schumer highlighted the need for common-sense regulations and the responsibility of Congress to enact sound legislation
Binance, the popular crypto trading platform, recently achieved a significant regulatory milestone by registering with India’s Financial Intelligence Unit (FIU-IND). This move marks the expansion of Binance’s compliance to 19 different jurisdictions, setting a new standard in the industry. The exchange views these registrations as a testament to its commitment to anti-money laundering (AML) standards