The International Monetary Fund (IMF) has recently put forward a recommendation for Nigeria to embrace the regulated use of digital assets by licensing international crypto exchanges. This recommendation is aimed at enhancing the country’s economic stability and boosting its position within the African crypto sector. It comes in the midst of a regulatory crackdown on
potential
The proposed Financial Innovation and Technology for the 21st Century (FIT21) Act, set for a potential House floor vote by the end of May, aims to provide the crypto industry with greater clarity regarding regulatory oversight. The bill addresses key issues of market oversight and consumer protection, which have long been sources of uncertainty in
In the current crypto market, there is a sharp pullback following US economic data and hawkish remarks from Federal Reserve policymakers. Bitcoin (BTC) has dipped, and traders are on the lookout for altcoins with strong bullish momentum. However, finding strong performing altcoins in the bearish market can be challenging. The recent US economic data showing
An influential trader, Bluntz Capital, recently expressed concerns about DogWifHat’s future, suggesting that the popular Solana meme coin could potentially crash to as low as $1 from its current price of $3.17. Bluntz’s analysis of the price action over the past few weeks indicates a slow and corrective movement, leading him to believe that a
With the upcoming US elections in November, former President Donald Trump has taken a surprising stance in support of Bitcoin and other cryptocurrencies. In a recent video that circulated among crypto enthusiasts and investors, Trump made strong and positive comments regarding the digital assets. This significant pivot from his previous skepticism has sparked speculation about
The TON price has experienced a significant rally, increasing by almost 15% and breaking through the $6.50 resistance level. The upward trend has been fueled by a strong surge from the $5.60 support zone, with the price surpassing both the $6.20 and $6.50 resistance levels. As of now, the price is trading above $6.50 and
In a recent announcement, crypto lender BlockFi revealed its plans to shut down its web platform and collaborate with Coinbase to distribute funds to its clients. This decision comes after BlockFi filed for bankruptcy in November 2022 following FTX’s collapse. The CEO of BlockFi, Zac Prince, attributed the company’s bankruptcy to the actions of FTX’s
The European Securities and Markets Authority (ESMA) has recently announced its decision to review the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities). This review is part of a larger examination of the EU’s financial regulatory framework. The European Commission (EC) has requested this review to ensure that UCITS
In the realm of meme coins, the recent surge of the Apple-themed token, APPLE, has caused quite a stir in the market. With a staggering overnight increase of 76,928%, the price of APPLE skyrocketed following Apple’s latest product launches. Despite the meme coin having no official affiliation with the tech giant, its price action has
Recently, XRP bulls have been experiencing a rough time in the market as $1.27 million worth of long positions were liquidated. This sharp spike in long liquidations, amounting to a 6,350% increase, is indicative of the prevailing sentiment within the XRP ecosystem. Data from Coinglass revealed that in the last 24 hours alone, $1.27 million