Jabara Igbara, also known as “Jay Mazini,” recently faced the consequences of his fraudulent actions as he was sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence came after Igbara pleaded guilty to wire fraud and money laundering charges, admitting to scamming investors of at least $8 million. The United
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The recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The report reveals a significant dip in profitability for ADA holders compared to other cryptocurrencies like Bitcoin and TRX. Only 35% of Cardano holders are currently seeing gains, which raises questions about the underlying challenges faced
Bitcoin (BTC) has faced significant pullbacks since the bear market of 2022, with drops as high as 23% in value. These declines, while daunting, present an opportunity for investors to maximize their returns by buying at discounted prices and benefiting from subsequent rebounds. Crypto trader and analyst Rekt Capital highlighted the potential for good returns
Chief economist and Bitcoin critic, Peter Schiff, recently issued a somber prediction regarding the world’s largest cryptocurrency. In a tweet, Schiff shared a price chart of Bitcoin against the United States Dollar (USD), highlighting Bitcoin’s price at $63,814 and key support levels around $60,000. Schiff emphasized the importance of Bitcoin maintaining its stronghold above $60,000,
In a recent turn of events, Binance’s co-founder and former CEO, Changpeng ‘CZ’ Zhao, submitted a letter of apology to the court on April 24. This letter comes after Zhao pleaded guilty to criminal charges earlier this year, expressing regret and accepting full responsibility for his actions. This article delves into the details of Zhao’s
Recent reports indicate that Nigerian authorities are intensifying their efforts to clamp down on crypto trading activities within the country. The focus has shifted towards targeting peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A circulating document on social media platforms has outlined specific instructions for financial institutions to identify and impose restrictions
As the cryptocurrency market continues to evolve, a new trend has emerged in the form of meme coins. These digital assets, often based on popular internet memes or trends, have seen significant price increases in recent months. While established leaders like Dogecoin and Shiba Inu have shown more modest gains, lesser-known meme coins such as
The cryptocurrency market is currently experiencing a period of relative stability, with major coins such as Bitcoin and Ether trading within narrow ranges. Despite this, there is a growing interest in smaller, lesser-known altcoins that have the potential to offer significant gains in the short term. In this article, we will explore three cryptocurrencies that
As the Cardano (ADA) price struggles and falls out of the global top 10 crypto rankings, investors are left wondering if it is still worth holding onto their ADA holdings. The current price of ADA hovers just above $0.50, down close to 3% on the day. Despite a recent rebound from mid-month lows, ADA’s market
Two influential organizations in the cryptocurrency space, the Blockchain Association and the Crypto Freedom Alliance of Texas, have recently filed a legal challenge against the US Securities and Exchange Commission (SEC). They argue that the SEC exceeded its authority by implementing a rule that redefines the criteria for identifying a “dealer” of securities. The groups