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Exploring Crypto’s Most Expensive Assets: The 5, 4, and 3-Digit Clubs
23.6.2024
Throughout bitcoin’s history, the leading crypto asset has traded at five digits per unit for over 28% of its time. In 2022 and 2022, bitcoin (BTC) and yearn finance (YFI) were the only two tokens trading in the five-digit range; however, currently, only bitcoin maintains that status....
6 steps for putting a valuation on digital assets
23.6.2024
What's the best way to place a value on a cryptocurrency? Take your pick, because there are dozens of options
Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities
23.6.2024
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into...
US Government to Report Seized Crypto as ‘Nonmonetary Property’
23.6.2024
The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies...
Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt
23.6.2024
Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed...
Analyst Outlines Tough Conditions for a ‘Face Melting’ Altcoin Season Rally
22.6.2024
The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted...
McKinsey Report: Tokenization at a Tipping Point, Poised to Transform Financial Markets
22.6.2024
The world of finance is standing on the brink of a transformative era driven by the rising prominence of tokenized assets. According to a recent McKinsey & Company report, tokenization—the process of converting assets into digital tokens on a blockchain—has reached a tipping point, setting...
Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt
22.6.2024
Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain...
NFT Sales Plunge 21% Amid Broad Crypto Market Decline
22.6.2024
Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have...
Digital Chamber raises privacy concerns over IRS crypto tax draft
22.6.2024
The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting
Apple holds back AI releases in EU due to Digital Markets rules
21.6.2024
Hundreds of millions of people will be denied access to new Apple features
Crypto Biz: US dollar exposure via digital assets takes off
21.6.2024
This week’s Crypto Biz explores Hashdex filing for a combined spot Bitcoin and Ether ETF, Coinbase’s pre-launch market, Ripple’s challenges with regulators in the U.S., and more stablecoins delisting in Europe
Fintech Giant Flutterwave Partners With Nigerian Anti-Graft Body to Launch Cybercrime Center
21.6.2024
Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide...
Is Biden shifting strategy on digital assets ahead of a Trump debate?
21.6.2024
Though Donald Trump began accepting Bitcoin for his 2024 campaign, he often criticized cryptocurrencies while in office
Digital Scarcity — Billionaire Michael Dell and Michael Saylor Exchange Dialogue on Bitcoin
21.6.2024
On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response...
Tron’s Tether Volume Competes With Visa’s Daily Transactions Amid Crypto Slump
21.6.2024
According to data from the X account Lookonchain, the 24-hour trading volume of tether on the Tron network has surpassed Visa’s average daily transaction volume. Additionally, despite a general downturn in the crypto economy, tron (TRX) has achieved a 2% gain against the U.S. dollar over...
Standard Chartered Set to Launch Spot Crypto Trading for Bitcoin, Ethereum
21.6.2024
The British multinational banking and financial services firm Standard Chartered is initiating a spot cryptocurrency trading platform for bitcoin and ethereum, Bloomberg sources reveal. Sources Say Standard Chartered Ready to Launch Bitcoin and Ethereum Trading Operations On June...
Nigerian SEC announces new rules, compliance program for digital assets
21.6.2024
While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date
Marathon’s BTC mining is heating an entire town in Finland
21.6.2024
Selling excess heat from Bitcoin mining could be another financial lifeline for miners after the 2024 Bitcoin halving
Iran Launches Digital Rial Pilot on Kish Island
21.6.2024
The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting...