Markets

CoinspeakerUAE’s Stable Politics Foster Crypto-Friendly Environment over US, Says Komodo CTO The Komodo exec said the UAE is doing a lot more than the US is, to facilitate crypto adoption by supporting businesses. UAE’s Stable Politics Foster Crypto-Friendly Environment over US, Says Komodo CTO

CoinspeakerBitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet.  Bitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation

The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium Slumps For the uninitiated, the kimchi premium is an indicator of the difference between Bitcoin’s valuation on South Korean exchanges and...

The Nigerian government has denied the allegations made by Binance’s CEO, Richard Teng, claiming that its officials demanded a $150 million bribe to settle the criminal charges against the crypto exchange. In an official statement released on Wednesday, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, dismissed the claims as baseless. A “Diversionary Tactic” Ibrahim stated that the allegations were part of a coordinated effort by...

Canada has imposed a fine against Binance – the world’s largest crypto exchange – for running afoul of the nation’s anti-money laundering rules last year. Per a public notice published on Thursday, the federal government said Binance didn’t comply with rules and registrations related to operating as a foreign money services business (FMSB). Binance Fined $4.4 Million By Canada The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) wrote: “Binance Holdings...

dogwifhat (WIF) continues to be one of the most talked-about meme coins on the market. Although WIF has struggled recently, many crypto traders still believe it has enormous long-term potential. But what about the newly launched Sealana (SEAL)? WIF Price Analysis – Current Levels & Price Action Let’s kick things off by looking at the price action around dogwifhat right now. This dog-themed token currently trades at $2.83, representing a 42% pullback from its recent...

The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688. Bitcoin Mining Difficulty Negatively Adjusts Bitcoin’s mining difficulty measures how tough and time-consuming it is to produce a new block. The difficulty rises when the number of...

CoinspeakerDWF Labs and Binance at Center of Trading Controversy The controversy highlights some of the challenges faced by the crypto industry; establishing and maintaining the trust of investors and market participants. DWF Labs and Binance at Center of Trading Controversy

CoinspeakerESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion ESMA wants feedback by August 7, 2024, about whether UCITS can include assets other than traditional stocks and bonds. ESMA Considers Adding Crypto to €12T Investment Market, Seeks Expert Opinion

[PRESS RELEASE – Lisbon, Portugal, May 9th, 2024] Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and athletes through fair and transparent prediction apps. Chiliz Chain is renowned for its blockchain solutions...