Recently, cryptocurrency exchange OKX announced that it will no longer be offering its services to Nigerian clients due to local regulatory concerns. Users were notified that they have until August 16 to close their positions on the platform. This decision has caused uncertainty and frustration among Nigerian crypto users, as they are now limited to
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XRP, the altcoin that has been a topic of much debate and speculation in the cryptocurrency world, is currently experiencing a surge in the wider market. This surge is not just a random occurrence, but it is partly due to the increased activity of XRP whales. These large holders of XRP tokens have been making
Hong Kong’s financial regulators recently announced the conclusion of a consultation period regarding the licensing program initiative for fiat-referenced stablecoin (FRS) providers. This development marks a significant step towards creating a regulatory framework for stablecoin issuers in Hong Kong. Stakeholder Feedback During the consultation period, the Monetary Authority (HKMA) and the Financial Services and Treasury
Cryptocurrency analyst ‘Dark Defender’ has recently shared a positive forecast for XRP, the native token of the XRP Ledger. By interpreting technical indicators and resistance levels, Dark Defender predicts the emergence of multiple God candles that could potentially lead XRP into a strong bullish rally. One key indicator highlighted by the analyst is the Fisher
The crypto industry has seen a massive surge in lobbying expenditures over the past seven years, according to a recent study by Social Capital Markets. The research indicates a staggering 1,386% rise in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to $40.42 million in 2023. This significant increase highlights a notable
Aayush Jindal, a prominent figure in the financial markets, boasts a wealth of experience spanning over 15 years in the fields of Forex and cryptocurrency trading. Known for his exceptional expertise in technical analysis, Aayush has established himself as a trusted advisor and senior market expert, guiding investors worldwide through the intricate landscapes of modern
Ethereum has seen a significant increase in price, surpassing the $3,350 resistance zone and even reaching $3,500. This upward movement indicates a potential for further gains in the near future. The cryptocurrency is currently trading above $3,400 and the 100-hourly Simple Moving Average, demonstrating strength and positive momentum. A key bullish trend line has formed
Aayush Jindal’s journey in the financial markets is nothing short of remarkable. With over 15 years of experience in Forex and cryptocurrency trading, he has established himself as a luminary in the industry. Aayush’s expertise lies in providing technical analysis, offering invaluable insights to investors worldwide. His keen understanding of market dynamics and astute chart
The decision by Coinbase, Ripple, and Andreessen Horowitz (a16z) to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC) highlights a strategic move by these companies to influence policy outcomes favorable to the crypto industry. By targeting GOP power brokers first, the firms are positioning themselves to advocate for
Russia’s Ministry of Finance recently put forward a proposal to allow traditional exchanges to facilitate digital asset trading for specific investors. This move signifies a potential shift in the way digital currencies are handled within the country, opening up new avenues for investors and exchanges alike. The government’s draft response to proposed regulations outlines the