Crypto news

Morocco is set to become the first developing country with clear crypto regulations. It will also balance security, innovation, and financial growth. The Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, recently shared that Morocco is close to adopting a legal framework for regulating crypto-assets. It seeks to first manage the use of crypto-assets and also encourage financial innovation. According to Jouahri, the framework was designed in line with G20 recommendations. At the same...

Cryptopia liquidators distribute $400M to victims of 2019 hack. Ongoing distributions are planned for verified users in the New Year. The liquidators of the bankrupt Cryptopia exchange have reached a significant milestone in their ongoing liquidation process. More than 10,000 verified account holders have now received their first cryptocurrency distributions over the past two days. It is part of an effort to return assets to those who have been affected by the Cryptopia 2019 hack. In just...

Mo Shaikh steps down as Aptos Labs CEO. Avery Ching will take over to drive innovation and growth in the blockchain space. Aptos Labs Co-Founder and CEO Mo Shaikh has announced he is stepping down from his role to “start a new chapter.” This decision marks a significant shift in the leadership of the blockchain company. Shaikh shared this news on the social media platform X. He was grateful for the journey and hopeful for the company’s future. Further, he talked about his passion for building...

Nigeria’s Economic and Financial Crimes Commission (EFCC) on December 10 arrested 792 people linked to a massive crypto-romance scam operating out of Lagos. The suspects, who included 148 Chinese, 40 Filipinos, and several other foreign nationals, were caught during a surprise raid at an imposing seven-story structure known as Big Leaf in the affluent Victoria Island neighborhood. Sophisticated Scam Network Unveiled According to information shared by the agency, the operation...

Ethereum has once again failed to reclaim the critical $4K resistance level, leading to a notable decline in price. However, the cryptocurrency has now reached a significant support zone, where a rebound followed by consolidation is anticipated. By Shayan The Daily Chart Ethereum’s $4K price region has proven to be a critical resistance zone over the past year, consistently halting bullish advances due to strong selling pressure. Most recently, the price faced another...

Bitcoin’s price shows some worrying signs suggesting that a deeper correction is bound to occur, as the price has failed to hold the $100K level. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been gradually rising over the last few weeks, creating a new record high above the $100K mark. However, in the past few days, the market has failed to continue its bullish momentum, falling below $100K and even dropping to as low...

CyberKongz, a gaming-based NFT project, announced on December 16 that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice raises concerns about the platform’s integration of its ERC-20 token with blockchain games and questions aspects of its activities, including its 2021 contract migration. The SEC’s Argument In a post on X, the CyberKongz team expressed their dismay with the agency’s handling of the situation, saying: “We are...

The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value contributors. According to the report shared with CryptoPotato, only Base, the layer-2 network launched by the largest American crypto...

TL:DR; Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP. On-chain data shows that large wallets poured millions into both during the recent market meltdown. The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were...

Am 20. Dezember 2024 reichte Nationalrat Paolo Pamini von der Schweizerischen Volkspartei eine bemerkenswerte Anfrage ein, die sich mit den gesetzlichen Grundlagen für Bitcoin als potenzielles Aktivum der Schweizerischen Nationalbank (SNB) befasst. Ziel dieser Initiative ist es, die rechtlichen Rahmenbedingungen für die Nutzung neuer Anlageklassen wie Bitcoin im Kontext der Geldmengensteuerung zu klären. Hintergrund der Anfrage Kryptowährungen wie Bitcoin haben sich in den letzten Jahren von...