The Spot Bitcoin ETFs have been facing a decline in demand since the beginning of the month, and this trend was highlighted by significant outflows on April 26. This decrease in demand has had a ripple effect on the broader crypto market, with Bitcoin’s price being impacted by unfavorable market conditions. Farside Investors recently shared
Impact
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
With the recent greenlight from the European Parliament on new Anti-Money Laundering Regulations (AMLR), Crypto Asset Service Providers (CASP) in Europe are now facing the challenge of implementing stringent Know Your Customer (KYC) procedures. These measures are essential in combating money laundering activities within the crypto sector. Expansion to Non-Financial Sectors The new laws not
In the past 24 hours, Ethereum (ETH) has witnessed a significant 5% decrease in price. This decline has raised concerns among investors and analysts, particularly in light of the looming decision by the US Securities and Exchange Commission (SEC) regarding the approval of Ethereum ETFs. Recent reports have suggested that the SEC is likely to
Leading up to the Bitcoin Halving event, the price of BTC experienced significant volatility, causing uncertainty among investors. However, the market has since seen a rebound, with Bitcoin reaching the $66,000 level. This surge in price has sparked optimism among top cryptocurrency analysts, who are now making bullish predictions about the future of the coin.
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
Block Inc., the fintech company founded by Jack Dorsey, has recently announced the completion of its advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project, indicating a step forward in the evolution of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip is currently undergoing the final stages
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
Ethereum (ETH), the second-largest crypto token by market cap, has been experiencing a resurgence in market activity recently. This uptick in activity is largely attributed to suspected buys made by prominent figures in the crypto community, such as Tron’s founder, Justin Sun. Sun’s accumulation spree has sparked optimism among investors, signaling a potential market recovery
Bitfinex, a Hong Kong-based cryptocurrency platform, has recently released an Alpha report that delves into the market dynamics of Bitcoin following the recent halving event. One key takeaway from the report is the surge in exchange withdrawals of Bitcoin, reaching levels not seen since January 2023. This uptick in withdrawals signifies a trend of investors