Recent findings by TRM Labs have brought attention to the concerning trend of illicit activity at crypto ATMs. The report highlighted that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a sharp increase in 2023. The lack of stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols at
Art
As a passionate writer deeply entrenched in the world of cryptocurrency, Opeyemi’s journey into the digital asset realm was not a deliberate choice but rather a captivating adventure that has consumed his life for over two years now. His dedication to unraveling the intricacies of blockchain technology and staying abreast of the latest trends in
The much-anticipated 2024 bitcoin bull run has not lived up to expectations, despite the asset reaching a new all-time high earlier in the year. The initial excitement stemmed from the greenlighting of spot BTC ETFs in the US in January, with hopes of a spectacular rally to the $100,000 mark after the halving. However, the
Semilore Faleti stands out as a cryptocurrency writer with a specialization in journalism and content creation. Initially delving into various subjects, Semilore eventually discovered his talent for unraveling the complexities within the realm of blockchains and cryptocurrency. His fascination lies in the efficiency of digital assets for storing and transferring value, making him a vocal
Recent developments within the US Securities and Exchange Commission (SEC) have shed light on the pressing need for retail investors to have more immediate access to fund portfolio data. This issue has sparked discussions on how blockchain technology, specifically oracles like Chainlink, could revolutionize the way data is obtained and utilized in the investment sphere.
Ethereum (ETH) has been facing challenges in the market, particularly in relation to the performance of its ETFs. The recent data from Farside Investors has highlighted a concerning trend regarding decreasing interest in Ethereum ETFs. This has raised questions about the future appeal of these financial products and their ability to compete in an increasingly
Ethereum co-founder Vitalik Buterin has once again caused a stir in the crypto community by transferring a significant amount of ETH. According to a report from Lookonchain, Buterin moved 800 ETH, valued at $2.01 million, to a multisig wallet. Shortly after, 190 ETH from this wallet was exchanged for 477,000 USDC, a stablecoin pegged to
The past week has been a rollercoaster ride for Bitcoin and other altcoins in the cryptocurrency market. Bitcoin started the week on a high note, soaring past $65,000 on Monday morning. However, the euphoria was short-lived as the price took a sharp downturn, losing over seven thousand dollars by Wednesday afternoon. The bulls made an
The Nigerian Securities and Exchange Commission (SEC) has recently granted two local crypto exchanges, Busha Digital Limited and Quidax, “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). These approvals are part of the SEC’s efforts to promote innovation while ensuring investor protection within the digital asset space. The ARIP was designed to
Floki Inu (FLOKI) recently experienced a significant drop in price, leading to a loss of nearly 20% in value. This decline resulted in FLOKI losing its position among the top 5 meme coins, with its market capitalization falling to $1.23 billion. Surprisingly, Bonk Inu (BONK) managed to surpass Floki Inu, claiming the fifth spot with