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Nigeria Plans to Regulate Digital Asset Platforms

Nigeria Plans to Regulate Digital Asset Platforms

Nigeria’s SEC is considering new regulations for digital asset platforms, allowing licensed digital exchanges to list tokens backed by certain assets. Cryptocurrencies like Bitcoin and Ether will not be among those assets. Nigeria aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers, and tokenized coins issuers. Crypto exchanges will not be registered until the central bank provides clear regulations.

South Korea's Banking Association Cautions Against Growing Altcoin Influence

South Korea's Banking Association Cautions Against Growing Altcoin Influence

The Korea Federation of Banks wants its members to keep track of altcoins that trade on crypto exchanges.

UK Requests Crypto Exchanges to Report Suspected Sanction Breaches

UK Requests Crypto Exchanges to Report Suspected Sanction Breaches

The UK authorities have introduced the new rules in response to Russia’s invasion of Ukraine. The regulations cover all valuable digital assets.

Bitcoin Inflows Into Exchanges Hits a 5-Month Low

Bitcoin Inflows Into Exchanges Hits a 5-Month Low

Bitcoin inflows into crypto exchanges dropped to a 5-month low.

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline

Ethereum Gas Fees Surge to a Monthly High, Supply on Exchanges Continues to Decline

Ethereum's total fees has hit a monthly high of 746.026 ETH.

474,968 Bitcoin Trades Worth $4.4 Billion Were Liquidated In the Last 24 Hours Making Price Plunge Inevitable

474,968 Bitcoin Trades Worth $4.4 Billion Were Liquidated In the Last 24 Hours Making Price Plunge Inevitable

New data by Bybt reveals the liquidation of $4.4 billion worth of Bitcoin futures, which triggered the cryptocurrency's pullback.

The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low

The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low

Statistics by on-chain metrics provider Santiment show that Bitcoin’s ratio of supply on crypto exchanges hit a six-month low.

Ethereum Stands at Significant Support Based on the Purchase of Over 10 Million ETH

Ethereum Stands at Significant Support Based on the Purchase of Over 10 Million ETH

More than 10 million Ethereum was bought between $3,426 and $3,536, which is a very significant supply wall for support.

18,000 Bitcoin Whales Circle the Crypto Market, Each Holding At Least $1 Million in Bitcoin

18,000 Bitcoin Whales Circle the Crypto Market, Each Holding At Least $1 Million in Bitcoin

Glassnode’s recent report shows that the number of Bitcoin addresses holding at least $1 million worth of Bitcoin has increased by 38%. Currently, there are 18,000 Bitcoin whales.

The Number of Ethereum Deposits on Crypto Exchanges Hit a 5-Month Low-What This Mean

The Number of Ethereum Deposits on Crypto Exchanges Hit a 5-Month Low-What This Mean

The number of ETH deposits on crypto exchanges continues to diminish, given that it reached a 5-month low of 548.940.

Google To Allow Crypto Exchange & Wallet Advertisements in August

Google To Allow Crypto Exchange & Wallet Advertisements in August

Google announced an update of its crypto ad policy and its financial products and services policy to accept crypto exchange & wallet advertisements in the coming August.

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.

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