crypto
Binance is set to resume its cryptocurrency operations in India, according to the latest regulatory news around the world’s largest crypto exchange by trade volume. On Friday, an official of the Financial Intelligence Unit (FIU) said that the anti-money laundering watchdog had approved both Binance and KuCoin to offer services in the country. The two exchanges are the first offshore digital assets platforms to receive a regulatory nod from FIU, CoinDesk reported citing the AML agency’s head Vivek Aggarwal. KuCoin pays $41,000 fine, Binance awaits penalty confirmationAccording to the report, Ku...
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Terraform ecosystem’s sister tokens LUNA and UST collapse was preceded by founder Do Kwon’s tweet stating that he is deploying more capital. The tweet did not age well, two years post the crisis, Terraform Labs and founder Do Kwon are faced with $5.3 billion in penalties. Two year anniversary of Do Kwon’s promise to deploy more capitalOn May 9, Do Kwon assured the Terraform community that he is deploying more capital to tackle the de-peg of algorithmic stablecoin UST. On May 11, Kwon presented a strategy to re-establish UST’s peg. Kwon’s tweet from 2022 has resurfaced on X. In the two years si...
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ValueWalk
Lisk, a key player in Layer 2 blockchain solutions and a member of the Optimism Superchain, has announced a significant collaboration with Obligate, a Swiss-based on-chain capital markets platform. This partnership focuses on deploying Obligate’s instance on the Lisk network, aiming to transform access to decentralized financial services in emerging markets. Leveraging blockchain for accessible capital solutionsObligate will utilize the Lisk L2 network, which is celebrated for its efficiency, speed, and scalability secured by Ethereum. This move is intended to empower businesses in emerging ma...
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Fineqia International, a digital asset and fintech investment business, today announced its April Crypto ETPs AUM report. The company’s monthly analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 64% growth in total Assets Under Management (AUM) so far in 2024. A tough April for cryptos However, on a monthly basis, the total AUM dropped to $81 billion in April, from $94.4 billion at the end of March, a 14.2% decrease. The total market value of digital assets decreased by 18.8% to about $2.29 trillion in April, from $2.82 trillion the prev...
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On its sixth birthday, Nexo has introduced a thrilling $12 million NEXO Token hunt, designed to engage and reward both new and existing users within its ecosystem. The event, dubbed Nexonomics Hunt, offers participants the chance to stack points, multiply gains, and unlock a variety of surprises, marking it as Nexo’s largest reward initiative to date. Starting from May 8, 2024, at 13:00 UTC, participants can begin collecting points by engaging with various Nexo products. These points can be converted into NEXO Tokens starting July 10, 2024. There is no cap on the number of points users can col...
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In a major development in the cryptocurrency world, a crypto whale has reportedly purchased a massive 357.34 billion PEPE tokens, valued at approximately $2.9 million, from the Binance exchange. This transaction was highlighted by the major analytics account on X, @lookonchain, which noted the subsequent withdrawal of these tokens to a private wallet, signaling the birth of a new PEPE whale. PEPE sees price fluctuation amidst heavy tradingFollowing the purchase, PEPE experienced a price surge of nearly 7%, reaching $0.00000821, before undergoing a slight correction to $0.00000804, a drop of 4....
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Those who watch the Robinhood Markets Inc stock price closely might be forgiven for getting a little dizzy in past twenty-four hours – it’s certainly been a wild ride. Robinhood share prices rose 6.3% to $18.97 yesterday, over 6%, during extended US trading hours, to close at $17.99 on Wednesday. They then dipped all the way down to $17.60, Robinhood’s opening price today, before rallying slightly to $17.85. And this is after Tuesday’s similar stock price gymnastics, when share prices rose from a $17.75 opening all the way up to $18.26, only to close lower again at $17.99. What has caused all ...
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Presidential hopeful and former U.S. President Donald Trump declared his intent to accept cryptocurrency for his campaign donations. The former president made the comments during an event at his Mar-a-Lago resort in Palm Beach, Florida. Trump asserted his support for digital currencies in a session with attendees, many of whom were owners of his NFTs. Titled the Trump Cards NFT Gala, the event saw Trump address his supporters directly and assert his position on digital currencies. During the event, Trump also responded to inquiries about using cryptocurrencies to donate to his campaign. He rea...
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The Ghana Post Company has introduced the world’s first crypto stamp to celebrate the 25th anniversary of the reign of a ceremonial ruler in Ghana. Unveiled on May 5, the crypto stamp, developed as a non-fungible token (NFT), bears the images of the Asantehene, Otumfuo Osei Tutu II, the ruler of the Ashanti people. Bice Osei Kuffour, the managing director at the state-owned postal company, has expressed that the NFT stamp is more than just a technological innovation. It’s a tool that aims to preserve the Asantehene’s heritage and celebrates the traditional leader’s 25 years on the throne. “Tod...
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