OKX, a prominent crypto exchange, has recently chosen Malta as its Market in Crypto-Assets (MiCA) hub in order to cater to the 450 million residents of the European Union. This strategic decision was announced in a statement on July 18, with OKX emphasizing the importance of being able to offer services in compliance with local
The recent news of the German government selling off all its Bitcoin holdings in just two weeks has raised many eyebrows in the cryptocurrency community. The move was explained in a statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. They announced that approximately 49,858 BTC were sold off starting
Growing up in Edo State, Nigeria, I was fortunate to have a supportive family who always stood by me through thick and thin. My parents, in particular, have been the backbone of my story, providing unwavering support and guidance throughout my life. They instilled in me the values of perseverance and hard work, shaping me
In a recent forecast, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, has made a bold prediction that Bitcoin could reach a valuation of $750,000. Burnett argues that the market might be undervaluing Bitcoin’s potential this cycle, overlooking its broader context within the global financial ecosystem. He points out a common mistake in market
Cyvers Alert, a blockchain security firm, recently reported a significant security breach at the Indian exchange WazirX. According to Cyvers, their system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, resulting in a total loss of $234.9 million. The funds were moved to a new address, with each transaction’s caller
Bitcoin price faced a challenging obstacle as it attempted to surpass the $66,000 resistance level. Despite its efforts, the cryptocurrency could not sustain its momentum and found itself consolidating around the $63,500 mark. The failure to break through this resistance zone raised concerns among investors about the future direction of Bitcoin’s price. Following the unsuccessful
Bitcoin developer Samson Mow has been vocal about his belief that BTC will soar to $1 million. He recently reiterated his stance, stating that the flagship cryptocurrency will reach this monumental price target within a year. Mow attributes this bullish outlook to Bitcoin’s increasing demand surpassing its limited supply. Additionally, he points to the upcoming
Recently, crypto exchange OKX has announced that it will be closing its operations in Nigeria due to local regulations. Nigerian clients were given until August 16 to close their positions on the platform. This decision has left many users worried about the future of their investments in the crypto space. The news of OKX’s exit
XRP, the altcoin known for its volatile nature, has been making waves in the cryptocurrency market recently. In the past 24 hours, XRP has shown significant growth, outperforming other major cryptocurrencies in terms of market cap. This surge in XRP’s performance can be attributed, at least in part, to the increased activity of whales. Large
After a consultation period concluded in February, Hong Kong’s financial regulators reported that they received 108 submissions from a variety of stakeholders regarding the licensing program initiative for fiat-referenced stablecoin (FRS) providers. The majority of respondents agreed that a regulatory regime for FRS issuers was necessary due to the increasing popularity of digital assets in