Shiba Inu (SHIB) has witnessed a remarkable surge in token burns during the month of March, resulting in the removal of billions of tokens from circulation. The data indicates that over 15.5 billion assets were destroyed, with a significant spike occurring on March 8 when nearly 14 billion SHIB tokens were sent to a null
Impact
In the wake of the October 7th attacks on Israel, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have intensified their efforts to crack down on entities associated with terrorism financing through cryptocurrency. This crackdown has led to the imposition of fresh sanctions on two
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
The ongoing surge in the price of Bitcoin has been attributed to the accumulation trend observed among large whale addresses. However, recent on-chain data reveals that this accumulation trend has also extended to the next cohort of traders known as “Sharks.” These addresses hold between 100 BTC and 1,000 BTC and have recently accumulated a
The past week saw a significant increase in Bitcoin (BTC) prices, with the crypto asset surging by 9.34% to trade above $71,000, according to data from CoinMarketCap. This upward trend has left many BTC investors excited about the potential for large price gains in the current bullish cycle. However, amidst these optimistic forecasts, Bitwise CEO
Following the devastating earthquakes in Turkey on February 6, the Binance Women in Technology Academy, in partnership with the Women in Technology Association (Wtech), has redirected its focus towards the southern province of Hatay. Specifically, the Academy organized a two-day program on March 26-27 in Hatay’s Antakya district with the goal of empowering young female
The Binance-linked HKVAEX exchange recently made headlines after it announced the closure of its services and the withdrawal of its application for an operational license in Hong Kong. The decision came approximately three months after the exchange applied for the license with the Securities and Futures Commission (SFC) in Hong Kong. The exchange, operating as
Last week, the market experienced significant turbulence due to the outflows from the Grayscale Bitcoin ETF, causing a sharp decline in the BTC price. However, the following week has shown a shift in sentiment as investors have become more bullish on Bitcoin. The outflows from the Grayscale ETF have slowed down considerably, reaching one of
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
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.