The Financial Conduct Authority (FCA) in the UK has recently released guidelines addressing meme-based marketing for financial products, targeting both financial services firms and social media influencers. The aim is to ensure transparency and prevent misleading marketing practices in regards to cryptocurrencies and other investments. The FCA’s guidelines emphasize the importance of obtaining approval from
Crypto
The news of Tigran Gambaryan, a Binance executive, taking legal action against the Nigerian authorities has sent shockwaves through the cryptocurrency community. The case, involving allegations of wrongful detention by the Office of the National Security Adviser and the Economic and Financial Crimes Commission, has sparked a fierce legal battle unfolding in Nigeria. The Fundamental
Kerrisdale Capital recently released a report questioning the valuation of MicroStrategy shares, stating that the shares have become overvalued. The company argues that the premium at which MicroStrategy’s shares are trading, which represents over two and a half times the spot price of Bitcoin, is unwarranted. According to Kerrisdale Capital, BTC would need to be
The hacker who stole $11.6 million from Prisma Finance’s decentralized finance (DeFi) protocol has claimed that the exploit was a “whitehat rescue” in on-chain messages. This term refers to hackers who use their skills to find security vulnerabilities in software code. The attacker sent a message six hours after the hack, stating that the intention
Guy Turner, the host of Coin Bureau, has been making waves in the cryptocurrency community with his bullish outlook on SOL. He predicts a potential breakout of 35% to 45% above the $300 mark based on the promising weekly and monthly charts of the beginning of 2024. Turner is confident in SOL’s future, stating that
Matt Hougan, Chief Investment Officer at Bitwise, has recently shared his observations on the increasing adoption of spot Bitcoin exchange-traded funds (ETFs). According to him, the inflows into these ETFs are set to continue for years as more investors and institutions embrace the products. During a 20-day road trip, Hougan interacted with financial advisors who
The recent allegations against major cryptocurrency exchange KuCoin and its founders for failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures have sparked controversy within the crypto community. This article will delve into the details of the accusations, the implications for KuCoin and its founders, as well as the impact on the cryptocurrency market.
In a surprising turn of events, the fifth richest Bitcoin address recently made a massive transfer of $6 billion worth of the digital asset to three new wallets. This transfer, which took place over the weekend, has left the cryptocurrency community buzzing with speculation and curiosity. The address, initially funded with a whopping 94,500 BTC
Ark Invest has recently made a significant move by selling 74,291 Coinbase shares, valued at $20.8 million, across three exchange-traded funds. This decision follows their previous sale of over $100 million worth of Coinbase shares last week when the price of COIN reached new yearly highs. The firm sold shares from its Innovation ETF (ARKK),
CommEX, a prominent crypto exchange that had taken over Binance’s operations in Russia, shocked the industry when it announced its decision to wind down operations in the country. This move comes on the heels of Binance’s own exit from Russia in September 2023, citing a one-year timeline for the process to be completed. In a