Nigeria’s Securities and Exchange Commission (SEC) is planning to increase the registration fees for companies that deal with cryptocurrencies (VASPs). VASP Registration Fees Starting March 15th, VASP registration fees will jump from 30 million naira ($18,841.75) to 150 million naira ($94,208.76). This means a 400% increase. Other Fees Crypto exchanges and trading platforms will also…
Transaction Surge Shibarium, the blockchain from the creators of Shiba Inu, has hit an incredible milestone: over 411 million transactions. This shows how strong the platform is, even when the market is going through ups and downs. More and more people are using Shibarium, and more apps are being built on it. This has led…
Recent Price Action Cardano (ADA) has had a rollercoaster week, hitting a multi-month high before plummeting by 18%. This decline mirrors the bearish trend in the crypto market. Analyst’s Projection Crypto analyst Ali Martinez believes Cardano’s price will rebound from the recent downturn. He compares the current price action to a pattern seen in 2018-2021….
Houston resident Cindy Little claims JPMorgan Chase refused to reimburse her after scammers drained $7,900 from her account over three days. Suspicious Activity Ignored Little reported suspicious activity to Chase after receiving a text message about an unknown Zelle recipient. The bank acknowledged the fraud and reimbursed $1,000. However, a month later, Little received another…
Integration with Binance Web3 Wallet Despite a broader crypto market decline, Solana (SOL) has bucked the trend and seen a price surge. This is largely attributed to its recent integration with Binance’s Web3 Wallet. Binance users can now trade SOL and access decentralized applications (DApps) and upcoming airdrops through their Web3 Wallet. Analyst Predictions Some…
A new lawsuit alleges that Bank of America (BofA) seized millions of dollars in gold and silver coins from a customer’s safe deposit box without proper notice. Incident at Garden City Branch Levend Coskun, a Canadian coin collector, claims that BofA closed its Garden City, New York branch where his safe deposit box was located….
Leverage on the Rise The analytics firm IntoTheBlock warns that Bitcoin’s skyrocketing leverage levels could indicate an overheated crypto market. According to Lucas Outumuro, the firm’s research head, funding rates have hit their highest since 2021. Long Positions Dominate “Funding rates are abnormally high, suggesting a heavily skewed market towards long positions,” Outumuro explains. “This…
Deaton Challenges Senator Warren Prominent XRP advocate and lawyer John Deaton has pledged a whopping $500,000 to his Senate campaign against incumbent Massachusetts Senator Elizabeth Warren. Deaton, a Republican, is giving Warren her first serious challenger, setting the stage for a heated election centered around cryptocurrencies. Crypto Community Support Deaton’s announcement has sparked a wave…
A Dogecoin (DOGE) whale recently sold a lot of their coins to make a profit. This has made the price of DOGE go down. Whale Sells 86 Million DOGE The whale moved 86 million DOGE to the crypto exchange Robinhood to sell them. They probably did this because the price of DOGE had been going…
Expanding Portfolio MicroStrategy, an enterprise software company, has announced plans to purchase more Bitcoin (BTC) as the cryptocurrency’s price dips. The company intends to use the proceeds from a $525 million convertible note offering to acquire additional BTC. Dip in Price Bitcoin is currently trading at $69,921, down 5% from its all-time high of $73,580…
