Recently, the Donald Trump-themed meme coin Doland Tremp (TREMP) made headlines as it reached a new all-time high after positive news about the billionaire’s presidential campaign. The former political leader’s softened stance on digital assets has garnered attention, with him now describing himself as the candidate of the pro-crypto voters. The cryptocurrency market as a
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The International Monetary Fund (IMF) recently suggested that Nigeria should consider embracing the regulated use of digital assets by licensing international crypto exchanges. This proposal was included in the IMF’s consultation report for Nigeria, with the aim of enhancing the country’s economic stability and solidifying its position within the African crypto sector. The recommendation comes
Block, owned by X co-founder Jack Dorsey, recently announced that they will be investing 10% of profits made from bitcoin-related products into monthly BTC purchases. In his Q1 2024 earnings report, Dorsey emphasized the importance of bitcoin as the best candidate for a decentralized open protocol for money. This move comes as Block addresses concerns
Recently, Fintech giant Block, which oversees Square and Cash App, has come under the radar of federal prosecutors from the Southern District of New York. Allegations of significant compliance failures have surfaced, following disclosures by a former employee regarding lapses in the company’s transaction monitoring systems. The alleged mishaps involve Square processing transactions with entities
In a bipartisan effort, US Senators Elizabeth Warren and Bill Cassidy have called upon US authorities to take action against the use of cryptocurrency in the illegal trade of child sexual abuse material (CSAM). The pseudonymity of cryptocurrencies has played a significant role in enabling the movement of payments for such illicit activities into the
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
Ethena, a synthetic dollar protocol built on the Ethereum blockchain, has gained a lot of attention for issuing the stablecoin USDe. The goal of this asset is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. With its market capitalization soaring to over $2 billion shortly after
Recently, on April 9, the EigenLayer team made a significant announcement regarding the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This marks a crucial milestone for the platform and showcases its commitment to innovation and progress within the blockchain space. According to the team, there has been a substantial amount
The SuiPlay0x1 is a groundbreaking portable gaming device developed by Playtron, in collaboration with Mysten Labs. This innovative device is set to transform the handheld gaming industry by offering a cost-effective, versatile operating system that caters to both traditional and blockchain games. One of the standout features of the SuiPlay0x1 is its seamless integration with
Dogwifhat (WIF) investors are redirecting their attention to a new green Initial Coin Offering (ICO) known as eTukTuk (TUK) in hopes of achieving substantial gains of up to 10,000% in 2024. Despite a decline from its recent weekly highs, WIF is currently trading around $3.46, a drop of almost 20% from its peak in the