The Nigerian government is considering imposing a hefty fine of $10 billion on cryptocurrency exchange Binance. Reports suggest that Bayo Onanuga, the special adviser to the Nigerian president, accused Binance of profiting from facilitating illegal transactions in the African country, causing significant financial losses. Onanuga stated that the proposed fine is a form of retribution
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Artificial Intelligence (AI) has been a booming sector in the cryptocurrency market in 2024, with AI-related coins experiencing significant growth and surges in value. The combined returns of AI coins have increased by 76% since the beginning of the year, showing a promising trend for investors. This surge in AI coins can be attributed to
Cardano (ADA) has recently experienced a significant price breakout, reaching $0.710 for the first time since May 2022. This marks a pivotal moment for ADA, as it emerges from a prolonged consolidation phase that has been ongoing since the latter part of 2023 and the initial month of 2024. With this surge in price, ADA
Justin Sun, the co-founder of Tron, a smart contracting platform for deploying decentralized applications (dapps), has been making significant moves in the crypto market. According to Lookonchain data on February 29, Sun transferred 100 million USDT to Binance after moving substantial sums earlier in the week. This strategic maneuver indicates Sun’s active participation in the
Bitcoin, the pioneering cryptocurrency that laid the foundation for the entire blockchain industry, has long been hailed as a digital gold and a store of value. However, it has faced criticism for its limitations in terms of scalability and functionality compared to other blockchains like Ethereum. With its network capable of processing only seven transactions
The recent rally in Bitcoin has been remarkable, with the price surpassing $61,000 for the first time since November 2021. This surge has not only attracted the attention of traditional investors but has also fueled the altcoin markets. As Bitcoin continues to climb, altcoins like Solana (SOL), Cardano (ADA), and XRP (XRP) have also seen
Bitcoin (BTC) has recently seen a surge of 5% in its value, bringing it closer to the highly anticipated $60,000 mark. This remarkable growth can be attributed to the increasing interest of investors in the world’s largest cryptocurrency, reaching levels not seen since the 2021 boom. The rise in price coincided with a surge in
The Chamber of Digital Commerce recently filed an amicus curiae in support of crypto exchange Kraken in the ongoing lawsuit brought forth by the US SEC. This move by the Chamber is aimed at halting the SEC’s attempts to regulate the digital asset industry through enforcement without proper legislative authority. According to the Chamber, the
When it comes to hunting for the best crypto to buy today for quick gains, investors often turn to altcoin markets. One such altcoin that has been making waves recently is Pepe Coin (PEPE). With a price increase of close to 50% in the past 24 hours, Pepe Coin is currently trading around $0.00000227. The
In the world of meme coins, investors are always on the lookout for the next big opportunity to capitalize on potential gains. This quest for high returns has led many Shiba Inu ($SHIB) investors to make a shift towards a new ICO offering called Scotty the AI ($SCOTTY). The allure of Scotty the AI lies