The UK Financial Conduct Authority (FCA) has recently included Poloniex, a crypto exchange connected to Justin Sun, on its list of companies offering financial services without authorization. In an update released on December 6th, the FCA stated that Poloniex may be promoting financial services without their permission and advised individuals to avoid engaging with the
Versatus Labs, a peer-to-peer web service protocol aiming to enhance the transition of Web2 developers into Web3, has successfully raised $2.3 million in a seed funding round. The funding brings the company’s valuation to $50 million and will support the development of the Verastus LASR, the world’s first stateless rollup. The seed funding round was
Binance, one of the leading cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its global headquarters. The newly appointed CEO, Richard Teng, recently declined to disclose the location to the Financial Times, carrying forward the company’s tradition of presenting itself as a global entity. This refusal to reveal vital information
Cryptocurrencies have been under scrutiny in recent years due to their potential use for illicit financial activities. At the “Annual Oversight of Wall Street Firms” hearing before the Senate Committee on Banking, Housing, and Urban Affairs, Senator Elizabeth Warren raised concerns about the involvement of cryptocurrencies in criminal organizations and rogue regimes. This article delves
In recent weeks, the digital asset market has experienced a significant surge in bullish activity, resulting in the prices of most cryptocurrencies reaching levels not seen in over 18 months. This remarkable upward trend in asset prices is accompanied by the rapid growth of decentralized finance (DeFi), with investors eagerly seeking to maximize their returns
Helium (HNT) has emerged as one of the top performers in the cryptocurrency market, experiencing substantial gains across multiple timeframes. Over the past 30 days, HNT has witnessed a staggering surge of 147%, making it an attractive investment opportunity. Furthermore, its growth has persisted with gains of 101% and 45% over the past fourteen and
The cryptocurrency world is no stranger to sudden price movements and extreme volatility. EAGLE, a newly listed coin on Uniswap, experienced a jaw-dropping surge of over 2,000% in just one day, reaching a record high of $0.0012. However, this moonshot was short-lived as the coin quickly plummeted to $0.00005215. This rapid drop raises suspicions that
Bitcoin (BTC) has defied the predictions of economists, including the European Central Bank (ECB), by experiencing significant growth in recent months. Contradicting the ECB’s claim that the cryptocurrency would become irrelevant, BTC has surged by almost 170% since the publication of the bank’s blog post in November 2022. This unexpected trajectory has not only caught
The price of Bitcoin (BTC) soared to $44,000 on December 5th, fueled by the momentum of the Wall Street trading session. This surge marked a significant milestone for the cryptocurrency, reaching its highest levels since early April 2022 and posed a challenge to the resistance it had encountered in the past. The impressive week-to-date gains
Bitcoin (BTC), the world’s leading cryptocurrency, has recently reached a new yearly high of $42,100, sparking excitement and concern among market participants. While some see this as a continuation of a bullish trend, others worry about the potential for a significant correction and subsequent liquidation sweep, which could drive the price down to as low
