In a recent turn of events, a Nigerian High Court in Abuja has taken a stringent stance in the case of the detained Binance executive, Tigran Gambaryan. Following the postponement of his bail hearing, Gambaryan, a US citizen, was ordered to be remanded in prison. He has pleaded not guilty to money laundering charges and
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The cryptocurrency market is currently experiencing a widespread rally, with popular coins like Bitcoin and Ethereum posting significant gains. However, in this market-wide surge, Solana has seen a more modest increase of 1.7%, with its value hovering around $183. Despite this, Solana meme coins are outpacing the leading cryptocurrencies, with tokens like DogWifHat, Bonk, Book
The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, recently made an audacious prediction during an interview with CNBC. He forecasted a transformative shift in the cryptocurrency industry, envisioning a staggering $5 trillion market capitalization for cryptocurrencies by the end of 2024. This ambitious projection has caught the attention of many industry experts and investors,
Recently, there has been a renewed optimism surrounding Bitcoin, with notable cryptocurrency analyst and trader Michael Van De Poppe making a bold prediction. Van De Poppe has suggested that Bitcoin could potentially reach the staggering threshold of $300,000 in the current bull cycle. Despite a period of consolidation over the last month and a struggle
The recent price drop of the Ripple Labs cryptocurrency, XRP, has left many investors questioning whether the long-awaited $1 price target will be reached this month. The negative swing in pricing can be attributed to a combination of factors, including general unease over the impending Bitcoin halving and a significant transfer of XRP tokens by
South Korean tax officials in the city of Pohang have intensified their efforts to seize cryptoassets from residents who have failed to pay local taxes. This decision is part of a national crackdown on tax evaders in the country. The move comes after tax officials managed to seize almost $29 million in coins and fiat
Russian fintech firms have recently started participating in the country’s digital ruble pilot program, indicating a significant advancement in Russia’s Central Bank’s CBDC project. Companies like SimbirSoft and Sinara Lab have been selected to assist the Central Bank and its banking partners in implementing digital ruble software products into their online and mobile banking applications.
The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC has caused quite a stir in the financial world. Initial concerns about fading demand for these investment vehicles seem to have been put to rest as Bitcoin ETFs continue to break trading volume records. The recent surge in net inflows into these ETFs is
In today’s rapidly evolving technological landscape, policymakers often struggle to keep pace with emerging technologies such as blockchain and AI. This disconnect can lead to regulatory frameworks that overlook crucial aspects of these new technologies, ultimately hindering innovation and growth. Senator Cynthia Lummis, for example, has recognized the importance of fostering innovation in the financial
At the start of 2024, Bitcoin made headlines by skyrocketing over 73% in the first quarter, reaching a record high price of $73,750. Despite a subsequent drop, the top BTC stakeholders have displayed a consistent trend of accumulation over the first three months of the year, signaling high confidence in the future profitability of the