Month: June 2024

Former Microsoft Engineer Predicts a Gradual Shift in Blockchain Development Focus Toward Vertical Scaling

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While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com … Read more

Prime Suspect in $2.2M Crypto Fraud Faces Up to 20 Years in Prison

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The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocurrency trading bot. Robb solicited investments via social media, claiming high returns and pressuring individuals to invest quickly. On Sept. 8, 2023, … Read more

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

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South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail to provide requested information could face criminal charges under the Tax Administration Act. SARS may … Read more

Understanding Oscillators in Bitcoin Trading: A Technical Analysis Guide

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In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading. Oscillators and Why They Matter … Read more

Memecoin Market Faces Decline: Opportunity To Accumulate Or End Of An Era?

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The memecoin market is showing signs of decline, prompting speculation about whether the current conditions signal the end of the memecoin season or present a buying opportunity. While the memecoin narrative has been a significant theme this cycle, recent trends indicate a downturn, with celebrity-endorsed tokens also struggling. $WIF A whale recently deposited 12.66 million $WIF, … Read more

Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities

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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 the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant … Read more

Ice Open Network Surpasses $30M Market Cap As Community Burns Over 20M $ICE Coins

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The Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem. In this short span, the dedicated community burned over 4,500,000 $ICE coins. 🔥 $ICE Token Burn … Read more

Ethereum Sees Surge In Active Addresses Amid Anticipation Of ETH ETFs Launch

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Ethereum recently experienced its largest spike in active $ETH addresses in three months, with the total number reaching 617,170. This surge comes amid growing anticipation of Ethereum Exchange-Traded Funds (ETFs). #Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr — Ali (@ali_charts) … Read more