Privacy tokens ZCash (ZCH), Monero (XMR), and Dash (DASH) saw a 10% decline after major cryptocurrency exchange OKX announced on Friday that it would remove its trading pairs on January 5. On its website, OKX stated, “We will be delisting several trading pairs that do not fulfil our listing criteria, based on feedback from users

During the Christmas holiday, authorities in Indonesia raided ten locations that they believed were mining bitcoin using electricity that had been stolen from the national grid. Despite its rapid adoption of cryptocurrencies, Indonesia is not particularly recognised as a mining hub. But in Indonesia, stealing electricity is illegal and can result in fines of up

Recently, a federal judge in the United States declared that Terraform Labs, the company behind the unsuccessful cryptocurrency brands Terra and Luna, had broken federal securities laws when it offered its products for sale to the general public. In a summary judgement, U.S. District Court for the Southern District of New York Judge Jed Rakoff

Cryptocurrency is listed among assets a taxpayer could legalise without supplying any “additional documentation” on their origins in the Law of Bases and Starting Points for the Freedom of Argentines. Under the leadership of self-described libertarian Javier Milei, the newly established government of Argentina claims it will expedite the legalisation of cryptocurrency holdings, even if

Following an investigation, Zhao Dong, the “OTC King” and founder of RenrenBit, was given a seven-year prison sentence, according to China. Zhao Dong, the creator of the over-the-counter (OTC) cryptocurrency trading desk RenrenBit, which allowed trading in both cryptocurrencies and local currencies, was sentenced to seven years in prison. According to reports, the Supreme Procuratorate

The goal of the central bank, according to Nigerian finance expert Olumide Adesina, is to allow digital securities that have been authorised by the regional regulator to enter the nation’s financial system. The best people to lead the cryptocurrency space in the future will be those who collaborated with the Central Bank of Nigeria (CBN)

The majority of voters on PancakeSwap, a decentralised cryptocurrency exchange, embraced the company’s proposal on Thursday to cut the number of CAKE tokens in circulation by 300 million. There was a vote proposal put forth by PancakeSwap’s decentralised autonomous organisation (DAO) to lower the maximum supply of CAKE from 750 million to 450 million. Early

Following the sale of its remaining Grayscale Bitcoin Trust (GBTC) holdings, ARK Invest purchased 4.3 million shares of ProShares Bitcoin Strategy ETF (BITO) yesterday. According to closing prices, the ProShares stake is worth $9.2 million. As per an emailed transaction notice, Cathie Wood’s investment vehicle also purchased 20,000 shares of the Ark 21Shares Active Bitcoin

On-chain company Arkham Intelligence stated in a post on Thursday that a wallet connected to former US President Donald Trump transferred over $2.4 million worth of ether (ETH) to cryptocurrency exchange Coinbase in the previous few weeks, where they presumably sold those holdings. He began sending ETH to Coinbase three weeks ago after collecting Trump

According to one analyst, the establishment of a spot Bitcoin exchange-traded fund (ETF) in the US could lead to fundamental issues with Satoshi Nakamoto’s original goal for the anonymous cryptocurrency.According to Josef Tetek, a Bitcoin analyst at the hardware cryptocurrency wallet company Trezor, the idea of a spot Bitcoin ETF—an investment product that monitors the price of BTC by holding Bitcoin—confers with the concept of self-custody. “In principle, spot Bitcoin ETFs take people further from self-custody and potentially introduce a systemic risk, as ETFs will be safer on the surface than exchanges,” Tetek said in an interview with Cointelegraph. Referring to the situation of gold seizure in the US in the 1930s, the analyst speculated that one potential outcome of spot Bitcoin ETF certification would be that significant amounts of BTC would be kept in central locations where the government might grab them. Tetek went on “And while a spot Bitcoin ETF would make exposure to Bitcoin price movements more accessible to individuals and institutions

Financial regulators in Hong Kong have released plans for monitoring stablecoin issuers via a licencing system and a regulatory sandbox in order to provide potential issuers with “supervisory expectations and guidance on compliance”. By February 29th, the Financial Services and the Treasury Bureau (FSTB), the Hong Kong Monetary Authority (HKMA), and the central bank of

Under new legislation intended to increase transparency, South Korea is opening up the public’s access to the cryptocurrency and other asset holdings of about 5,800 public officials. The South Korean Ethics Policy Division announced in a post on Wednesday that public officials will receive an integrated asset disclosure service beginning in the following year. Although

According to reports, Changpeng “CZ” Zhao, the former CEO of Binance, increased his net worth by almost $25 billion since December 2022. As of December 25, CZ had a total net worth of $37.2 billion, up $24.6 billion from the previous year, according to the Bloomberg Billionaires Index. Following Uniqlo CEO Tadashi Yanai and Citadel

Following a perceived error in the installation of a Polygon wallet that resulted in a decrease in user balances on the Telcoin mobile application, the price of the Telcoin (TEL) token dropped by 40% in less than a day. Peckshield, a blockchain security firm, identified the slide as exploitable. Messages on the Discord online forum,

Mark Shifke will succeed Barry Silbert as chairman of Grayscale Investments, whose application to the Securities and Exchange Commission to convert its Bitcoin Trust (GBTC) into a U.S. spot exchange-traded fund (ETF) is now under review.Commencing on January 1, Grayscale announced in an SEC filing that Shikfe, DCG’s chief financial officer, will take Silbert’s post. No explanation was provided for the move.Also quitting from the board was Mark Murphy, the president of DCG. A number of ETF applications have been delayed by the SEC, including those of Hashdex, Vaneck, BlackRock, Grayscale, and Ark 21shares. As year-end draws near, many of these companies have met with the regulator and submitted updated documents.The first date to approach is January 10th, by which the agency must either accept or reject Ark 21Shares. Letitia James, the attorney general of New York, filed a lawsuit against Silbert’s Digital Currency Group (DCG), the owner of Grayscale, in October. The lawsuit claimed that DCG had defrauded over 230,000 investors, including at least 29,000 New Yorkers, of over $1 billion.James further accused Silbert of attempting to conceal significant losses in order to deceive the public.The accusations were denied by Silbert and DCG.

As one trader projected a new BTC price breakout, Bitcoin remained within a strict trading range until the weekly close on December 24. Over the weekend, BTC/USD only made sideways moves, according to data from TradingView and Cointelegraph Markets Pro.As Bitcoin rejected volatility off the year’s final US macro data, these had started into the final Wall Street trading week before the Christmas holiday season. However, well-known trader and analyst Credible Crypto claims that the largest cryptocurrency, now trading at over $43,500, is “absolutely primed” to rise.Credible Crypto has stated in recent tweets on X (previously Twitter) that flat trading is an indication of accumulation. “It really does not get much better than this,” one of the posts summarized. “Some final accumulation going on here before the push to 50k+ imo.” Market indicators resetting, he added, is also a key component needed to fuel upside continuation. “We have price trapped in a tight accumulation range, aggregate OI

 The Central Bank of Nigeria (CBN) declared that it had withdrawn its prohibitions on Nigerian banks processing cryptocurrency transactions in a circular that was distributed to banks on December 22.Peer-to-peer (P2P) merchants and crypto-fiat exchangers, however, are expected to face increased competition from one another.P2P merchant dominance began when the CBN forbade Nigerian banks from supporting cryptocurrency transactions.It was intended for the ban to eradicate Bitcoin and cryptocurrency usage in Nigeria. Peer-to-peer transactions and direct payment transfers become the new norm in the cryptocurrency world.  Reaching out to players in the local cryptocurrency ecosystem to find out how the new development is being received by the community and industry.Nathaniel Luz, co-founder and CMO of Flincap, told Cointelegraph that the industry will benefit greatly from the ban’s repeal.In his opinion, this indicates that Nigeria is prepared for cryptocurrency companies to establish their headquarters and conduct operations there.Luz stressed that institutional exchanges should be preparing for the Nigerian market as soon as the ban is lifted, since their absence during the prohibition allowed P2P to soar at the expense of other cryptocurrency companies. “So right now, it’s going to be the survival of the fittest as crypto-fiat exchanges and P2P merchants battle for the largest crypto P2P market in the world.” Answering the question of whether SEC registration requirements would discourage exchanges from conducting business in Nigeria, Luz said that although obtaining an SEC license is a hurdle for startups, he thinks the crypto industry will gain from it. He provided an explanation of some of the 2010 recapitalization policy-related developments to the Nigerian banking industry.As a result, some banks had to merge and be acquired by investors, improving the banking industry.The Central Bank of Nigeria forbade all registered financial institutions from providing services to cryptocurrency exchanges, according to a February 2021 Cointelegraph story.Nonetheless, the circular states that the CBN acknowledged that the harsh regulations placed on financial institutions in 2021 are no longer justified given the rising demand and usage of cryptocurrencies worldwide.

The Base Network initiative, which Coinbase has supported, is growing steadily, though more slowly now than it was in the beginning.Base’s total value locked (TVL) is currently close to $735 million, up 4% over the previous week according to the most recent L2Beat data.The TVL of Base Network, which represents the total amount of money within the network, climbed from $592 million at the end of November to above $600 million, based on data that shows the network’s official launch in August 2023.According to DUNE data, user interaction on Base has been steadily increasing, with over 2.5 million total users by Nov. 1 and over 3 million by Dec. 22. The community is expanding, as evidenced by the daily active users, who increased significantly from debut to over 70,000 people for the most of November and December.From 1 ETH to 36,942 ETH in November and nearly double that amount to 79,354 ETH by December, the daily trading volume of Ethereum on the network has increased significantly.Base Network provides support for several decentralized apps by utilizing the optimistic rollup architecture.The network can currently perform approximately 6.97 million transactions in the previous 30 days at a daily transaction speed (TPS) of 3.45. During this time, Base Network has also encountered several noteworthy obstacles.From scam tokens to a significant outage, it varied.Almost a month after opening, on September 5, Base had its first outage lasting 43 minutes.Base’s growth is noteworthy when compared to its peers.It faces competition from market leaders such OP mainnet, with a TVL of $5.73 billion, and Arbitrum One, with a TVL of $8.70 billion.The network is growing steadily, but its overall value locked swings may be caused by its recent inception, a limited range of DeFi protocols that are available, and early problems with fake tokens and rug pulls.Nonetheless, the site’s quick user growth, transaction volume, and daily volume suggest a con

Scammers still use wallet drainers to target naive cryptocurrency users with phishing websites. As they continue to use Google Ads to promote malicious fake websites that use wallet draining software, scammers have stolen $3 million worth of cryptocurrencies in a single day. According to a report on December 21, in 2023, scammers stole $59 million

As 2023 comes to an end, cryptocurrency traders are turning more and more towards alternative cryptocurrencies. Currently, 38% of the $30.45 billion market-wide notional futures open interest is locked in as a dollar value in the quantity of active futures contracts linked to bitcoin. That’s the lowest that Coinalyze has tracked in at least two

Almost ten years after the Mt. Gox cryptocurrency exchange was compromised, it seems that consumers who lost 850,000 bitcoin (BTC), which is currently worth about $36 billion, are beginning to receive their money back. A few users in the mtgoxinsolvency subreddit claimed to have gotten payouts via Paypal in yen. Others who had opted to