In response to the increasing risks associated with cryptocurrency investments, the Nigerian Securities and Exchange Commission (SEC) has unveiled a set of stringent regulations aimed specifically at social media influencers. These updated guidelines require influencers to ensure that any cryptocurrency product or service they endorse is backed by a client that is duly licensed by
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In the dynamic world of cryptocurrency, the significance of exchange listings cannot be understated. They often serve as catalysts for price movements, particularly for lesser-known tokens navigating the turbulent waters of the market. One clear illustration of this phenomenon occurred when Upbit, a leading South Korean exchange, announced the listing of MOCA Network (MOCA). This
The issuance of the Wells Notice to CyberKongz by the U.S. Securities and Exchange Commission (SEC) has rocked the Web3 gaming community. This document not only serves as an official warning that enforcement actions are on the horizon, but it also signifies a pivotal moment in the evolution of Non-Fungible Tokens (NFTs). As the NFT
In the rapidly evolving world of cryptocurrency and blockchain technology, stories of transformation resonate deeply. One such story is that of Samuel Edyme, fondly known by his moniker, HIM-buktu. His trajectory from novice to a respected voice in the Web3 sphere serves as both an inspiration and cautionary tale. Edyme’s journey commenced not with a
The UK Financial Conduct Authority (FCA) is taking significant steps towards enhancing the regulatory landscape for cryptocurrencies through a public consultation that commenced on December 16. This initiative marks a critical juncture for the crypto sector in the UK, as the FCA aims to strike a balance between fostering innovation and ensuring consumer protection in
Recently, El Salvador’s Central Reserve Bank took a forward-thinking step by granting Bitget a Bitcoin Service Provider (BSP) license. This significant development, announced on December 16, signifies the exchange’s legal sanction to provide a range of Bitcoin-related services within the country. Among these services are the conversion of Bitcoin to fiat currencies, processing Bitcoin payments,
The world of cryptocurrency is notorious for its volatility, but recent developments surrounding meme coins have displayed an exceptionally dramatic tableau. A notable incident involved a whale transaction of the PEPE token. After a prolonged dormancy of over 600 days, a significant holder transferred a staggering 2.1 trillion PEPE tokens, equivalent to $52 million, to
Bitcoin has reached an extraordinary peak, shattering its previous records with a new all-time high of $106.5K. This surge is particularly remarkable within the 16-year story of Bitcoin, signaling not just a strategic increase in value but also reflecting a shift in the market dynamics surrounding cryptocurrencies. Over the course of 2023 alone, Bitcoin’s price
In a significant development for the non-fungible token (NFT) ecosystem, OpenSea, one of the premier NFT marketplaces globally, has made headlines by officially registering in the Cayman Islands. This decision not only enhances OpenSea’s operations but also raises intriguing possibilities regarding its future, particularly in terms of token issuance and enhanced community engagement. The Cayman
A few years ago, Non-Fungible Tokens (NFTs) were largely misunderstood, often dismissed as mere digital novelties within niche communities. Originating primarily in the realm of digital art, NFTs quickly gained traction, culminating in overwhelming media hype during 2021 and 2022. Fast forward to today, and NFTs are making waves as the digital marketplace evolves, echoing