The recent approval of new Anti-Money Laundering Regulations (AMLR) by the European Parliament has significant implications for Crypto Asset Service Providers (CASP) in Europe. These regulations aim to combat money laundering and terrorist financing by imposing stringent Know Your Customer (KYC) procedures on obligated entities. The new laws require obligated entities, including banks, assets and
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Changpeng Zhao, better known as CZ, the co-founder and former CEO of Binance, recently submitted a letter of apology to the court in anticipation of his upcoming sentencing. In his letter, CZ accepts full responsibility for his past actions and expresses deep regret for his poor decisions. He acknowledges that he should have implemented compliance
The gaming industry is undergoing a significant transformation with the rise of blockchain technology. Traditional gaming models are being challenged by decentralized alternatives that offer players true ownership of their in-game assets and provide game developers with new revenue streams. Beam, a gaming-focused subnet built on the Avalanche Network, stands out for its unique approach
In the days leading up to the Bitcoin Halving event, there was a significant amount of price volatility surrounding BTC. However, the price has since rebounded and reached the $66,000 level. This spike in price has led to numerous bullish predictions from top cryptocurrency analysts about the future path of the coin. One such analyst,
Nigerian authorities have taken a firm stance on crypto trading, with a recent focus on peer-to-peer (P2P) platforms such as OKX, Binance, KuCoin, and Bybit. A trending circular on social media has been circulating, detailing the Central Bank of Nigeria’s (CBN) directive for financial institutions to identify and impose restrictions on individuals or entities transacting
Meme coins have been making waves in the cryptocurrency world, with significant price increases across the board. While traditional leaders like Dogecoin and Shiba Inu have seen more modest gains, other meme coins like Bonk Inu and dogwifhat have experienced substantial spikes in value. On April 24th, several meme coins saw impressive daily price increases.
In the volatile world of cryptocurrencies, investors are always on the lookout for the next big thing. With big names like Bitcoin and Ethereum dominating the market, it can be easy to overlook smaller altcoins that have the potential to deliver significant returns. One such altcoin that investors should keep an eye on is Hedera
The Cardano (ADA) price is facing challenges as it drops out of the global top 10 crypto rankings. Currently trading just above $0.50, ADA is down close to 3% on the day. Despite a recent rebound from mid-month lows, ADA failed to push back above its 21DMA in the $0.52s, leading to increased sell pressure.
Block Inc., the fintech company co-founded by Jack Dorsey, recently made a groundbreaking announcement regarding the completion of the development of its advanced Bitcoin mining chip. This marks a significant milestone for the firm’s mining project and the cryptocurrency industry as a whole. According to a statement shared by Dorsey on Twitter, Block’s three nanometre
NuggetRush is a revolutionary game that brings together the thrill of mining adventures, NFT-earning opportunities, and real gold prizes. Players are transported into a 3D mining metaverse where they can explore resource-rich lands either on their own or with friends in team gameplay. The game provides players with the necessary tools and machinery to efficiently
Charles Hoskinson, the founder of Cardano, has recently announced his foray into the world of blockchain gaming with the release of his latest project, Voyager: Ascension. This move marks a significant step in the evolution of the Cardano ecosystem and showcases Hoskinson’s commitment to exploring new and innovative applications for blockchain technology. Voyager: Ascension is
Venezuela’s state-owned oil and gas company, PDVSA, has been reportedly ramping up its use of cryptocurrency, particularly USDT, in order to navigate around US sanctions. This move comes in the wake of the United States refusing to renew a general license that temporarily lifted some sanctions on Venezuela’s oil and gas sector, leading PDVSA to
In response to reports of state actors utilizing Tether’s USDT tokens to circumvent US sanctions, Tether has made the decision to freeze any addresses linked to sanctioned entities. A spokesperson for the firm emphasized Tether’s commitment to respecting the Office of Foreign Assets Control (OFAC) SDN list and promptly freezing sanction addresses to adhere to
Dork Lord token (DORK) has recently witnessed an astronomical surge of +83,810%, catapulting its market capitalization from 168K to over 1.8M. This PEPE-style token, built on the Solana blockchain, gained significant attention on social media platforms like Crypto X (formerly Twitter), thanks to endorsements from SOL meme coin influencers and alert bots. Despite its impressive