Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A significant portion of these averted losses, over $1.1 billion, were related to withdrawals associated with suspected crypto scams. Thanks to
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XRP has recently seen a 6% surge in market value, sparking speculation about potential gains if it can break through the key resistance level of $0.60. As the cryptocurrency approaches this critical point, traders are eagerly watching to see if it can maintain its upward momentum or face a pullback. The current market dynamics and
Recently, German authorities seized $28 million in cash and shut down 13 crypto ATMs as part of a nationwide effort to combat unlicensed activities within the cryptocurrency market. The Federal Financial Supervisory Authority (BaFin) spearheaded this operation, working closely with law enforcement and the German central bank to crack down on unauthorized crypto ATM operations.
In the midst of market volatility, XRP has captured the attention of investors and traders worldwide. One notable figure, Xaif, a well-known crypto expert and trader, has made a bold prediction regarding the future of the altcoin. According to Xaif, XRP is on the brink of a significant breakout, signaling a major rally in the
Aayush Jindal is a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. Known for his exceptional technical analysis skills, Aayush has earned a reputation as a trusted advisor and senior market expert, guiding investors worldwide with his insightful chart analysis. His journey to success began at
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in shutting down a significant number of crypto scam websites over the course of the past year. In a statement released on August 19, ASIC revealed that a total of 615 scam websites had been closed down as part of a broader effort to combat
The Nigerian Federal Inland Revenue Service (FIRS) is making moves to bring the crypto sector under the tax umbrella, as reported by Business Day. This initiative, spearheaded by FIRS Executive Chairman Zacch Adedeji, aims to revamp Nigeria’s regulatory framework to accommodate the fast-growing crypto industry. The proposed legislation is seen as a way to spur
The recent Crypto4Harris event highlighted the Democratic Party’s strong support for crypto regulation and the need for regulatory clarity in the industry. Senate Majority Leader Chuck Schumer emphasized the responsibility of Congress to enact common-sense regulations for crypto to bring both sides of the aisle together. This shows a proactive approach to ensuring the industry’s
Samuel Edyme, famously known as HIM-buktu, is a multifaceted individual with a background in web3 content writing, journalism, and a budding interest in trading. His diverse skill set and keen eye for market trends have positioned him as a prominent figure in the crypto industry. Edyme’s foray into the world of cryptocurrencies didn’t start on
Recent trading activities show that PEPE is facing significant selling pressure as its price drops below the critical support level of $0.00000766. This decline indicates a bearish trend, with bears gaining control and aiming for further downside towards the $0.00000589 level. The break below this key support level has raised concerns among traders, with the