Recently, the European Central Bank (ECB) provided an update on the progress of its preparation phase for the digital Euro CBDC, set to conclude in October 2025. The central bank emphasized the importance of privacy and data protection in this digital currency endeavor. However, upon closer examination, several concerning aspects of the digital Euro came
safe
Nigeria’s Securities and Exchange Commission (SEC) has recently made a bold move by issuing a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. They have warned of enforcement actions against non-compliance, signaling a stricter stance towards the rapidly growing crypto industry. The SEC announced the initiation of the Accelerated Regulatory
The once-thriving crypto market is currently experiencing a significant downturn, with Bitcoin at the forefront of the retreat. Following its meteoric rise to over $73,000 earlier this year, Bitcoin has lost its momentum and is now plunging to new lows. This downward trend has sparked a wave of panic among investors, triggering a mass exodus
When it comes to traveling with cryptocurrency, one of the most important aspects to consider is the security of your digital wallet. There are several time-tested strategies that can help ensure the safety of your funds while on the move. Another crucial factor to keep in mind when accessing your crypto accounts while traveling is
The recent revelation by blockchain security firm CertiK regarding a critical vulnerability in crypto exchange Kraken’s deposit system has sent shockwaves through the cryptocurrency community. The firm uncovered an issue in Kraken’s deposit system that failed to differentiate between various internal transfer statuses, leading to a deeper probe into the potential for malicious actors to
In the midst of significant turbulence in the cryptocurrency market, investors have started gravitating towards Bitcoin as a safe haven amidst chaos. Recently, Bitcoin’s dominance has reached a nine-week high of 57%, showcasing a clear preference for the leading digital asset. Altcoins, on the other hand, have suffered from a massive sell-off, losing significant market
The concept of asset tokenization in the financial sector has been gaining traction in recent years as a way to revolutionize securities and asset management. SEC commissioner Mark Uyeda, in a recent statement, highlighted the potential benefits of asset tokenization, emphasizing the advantages of representing asset rights with digital tokens on a blockchain. Uyeda pointed
The recent integration of BloFin Exchange with the Chainalysis blockchain data platform signifies a major milestone in the world of cryptocurrency trading. This development is not only aimed at bolstering the exchange’s security measures but also at enhancing its compliance capabilities. By implementing the Chainalysis crypto risk solution, BloFin can now monitor cryptocurrency transactions in
The objections raised by creditors of the bankrupt cryptocurrency exchange FTX highlight significant concerns regarding the proposed reorganization plan. One of the key issues revolves around the failure to address property rights issues and meet the best interest test as required by the Bankruptcy Code. This omission raises questions about the fairness and legality of
Renowned financial expert Robert Kiyosaki has recently taken the crypto world by storm with his bold prediction for Bitcoin’s price. In a tweet, Kiyosaki stated that he firmly believes Bitcoin will hit $350,000 by August 25th. While some may view this prediction as mere speculation, Kiyosaki stands by his forecast, emphasizing that any prediction about