Nigeria’s Crypto Landscape Nigeria’s relationship with cryptocurrency has been rocky, but it’s now starting to thaw. The Nigerian Securities and Exchange Commission (SEC) is now open to the idea of crypto, after months of a hardline stance. Over a third of Nigerians own or use cryptocurrencies, making it a significant market. The SEC acknowledges this…
Three of the largest banks in the United States—JPMorgan Chase, Bank of America, and Wells Fargo—have been implicated in an alleged $92 million money laundering scheme. Drug Money Deposits According to court documents, alleged drug runners and money launderers deposited hundreds of thousands of dollars in illicit funds into accounts at these banks. The US…
Polkadot (DOT) Undervalued Crypto analyst Michaël van de Poppe believes Polkadot (DOT) is significantly undervalued compared to Ethereum (ETH). He predicts DOT will follow ETH’s upward trend due to its potential for growth within the Polkadot ecosystem. Bitcoin Consolidation Van de Poppe expects Bitcoin (BTC) to consolidate around the $60,000 range in the short term….
Convex Finance (CVX) Cryptocurrency analyst Credible Crypto sees bullish potential in CVX, an Ethereum-based altcoin. CVX’s price chart shows similarities to Dogecoin’s prior to its massive breakouts. If support levels hold, CVX could experience significant gains. Bitcoin (BTC) Credible Crypto suggests BTC has a chance of rallying in the coming weeks and months. The analyst’s…
Cryptocurrency analyst Kevin Svenson believes altcoins are poised for a surge soon. Bitcoin and Ethereum Driving Altcoin Momentum Svenson points to Bitcoin’s recent sideways consolidation and Ethereum’s continued growth as indicators of an impending altseason. He notes that Bitcoin has dominated the market narrative since early 2023, but that narrative is now shifting towards altcoins….
Coinbase to List Shiba Inu Coinbase, the largest crypto exchange in the US, is planning to list Shiba Inu (SHIB) for its futures contracts. They’ve submitted a filing to the Commodity Trading Futures Commission (CFTC) to start trading soon. Shiba Inu’s Growing Influence This filing is a major boost for Shiba Inu, showing its growing…
Tokencan, VBIT, and HKD.com Exposed The Hong Kong Securities and Futures Commission (SFC) has issued a fraud alert on three entities: Tokencan, VBIT, and HKD.com. These companies are suspected of engaging in fraudulent activities related to virtual assets or operating without a license. Tokencan Tokencan, a supposed virtual asset trading platform, deceived investors through social…
Introduction WELL3 is an innovative project that combines decentralized technologies with health and wellness. Overview Company: WELL3 Token: WELL Sector: Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID) Business Model: DePIN and AI platform for wellness Key Features Data Decentralization: Health data is securely stored and processed on the DePIN network, ensuring privacy and…
Demand Metrics Tell the Tale CryptoQuant’s research chief, Julio Moreno, has shed light on the recent Bitcoin price drop. He points to the falling demand for Bitcoin as a major factor. The “apparent demand” metric measures the balance between production and inventory changes. In Bitcoin’s case, it tracks the amount of Bitcoin that has not…
Coinbase Announcement Coinbase, a major US cryptocurrency exchange, has announced that it will not facilitate the upcoming merger of three AI-focused altcoin projects: Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). Merger Details In March, the three projects announced plans to merge and form the Artificial Superintelligence Alliance (ASI). The merger is scheduled to begin…
