Bitcoin vs. Today’s Top Crypto Assets: Market Performance in 2024

July 15, 2024 Bitcoin.com

Avalanche

Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596 BTC. Concurrently, in addition to bitcoin’s rise against the dollar, its competitors like ETH, SOL, and […]

5 times crypto appeared in pop culture in 2024

Nigeria’s SEC advised to regulate Bitcoin, Ether as commodities

July 13, 2024 Coin Telegraph

BICCoN

By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets.

In light of a recent court ruling in Illinois that classified Bitcoin and Ether as commodities, Nigerian stakeholders are urging the Nigerian Securities and Exchange Commission (SEC) to adopt a similar approach in its regulatory framework.

The call for clarity and proper classification comes as cryptocurrencies play an increasingly significant role in the global financial landscape. Lucky Uwakwe, chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), spoke to Cointelegraph and emphasized the importance of clearly defining the class of crypto assets.

According to the chairman, this approach would provide creators with clear guidelines on where to seek regulation.

5 times crypto appeared in pop culture in 2024

Italy Prepares to Issue Guidelines on Implementing EU Crypto Regulation

July 9, 2024 Bitcoin.com

Bank of Italy

Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to the Italian Banking Association, Panetta highlighted that MiCA considers electronic money tokens (EMTs) and asset-reference tokens […]

5 times crypto appeared in pop culture in 2024

Crypto Rankings Shift Over Year: New Entrants and Price Surges

July 9, 2024 Bitcoin.com

bitcoin.com

Every few months, the rankings of the top ten crypto assets shift, and a year ago, the leading digital currencies were different from today. Some assets have moved to new positions, new entrants have emerged, and some have dropped out of the top ten. Yearly Crypto Market Update Reveals New Entrants and Price Fluctuations In […]

5 times crypto appeared in pop culture in 2024

Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop

July 4, 2024 Bitcoin.com

Arkham Intelligence

Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the […]

5 times crypto appeared in pop culture in 2024

South Africa Approves 63 Crypto Asset Service Provider License Applications

July 4, 2024 Bitcoin.com

Africa

South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383 applications, with only five being declined. Notably, the approvals do not mean crypto assets are recognized as a legal form […]

5 times crypto appeared in pop culture in 2024

South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations

July 3, 2024 Bitcoin.com

bitcoin.com

The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public and maintain industry fairness by taking decisive action against unlawful crypto businesses. The regulator will […]

5 times crypto appeared in pop culture in 2024

Double-Digit Swings Dominate June Crypto Market Performances

June 30, 2024 Bitcoin.com

bitcoin.com

According to market data, crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline This Month June was predominantly bearish for cryptocurrencies, with […]

5 times crypto appeared in pop culture in 2024

Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000

June 26, 2024 Bitcoin.com

Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below ,000

Bitcoin (BTC)

A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […]

5 times crypto appeared in pop culture in 2024

EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine

June 26, 2024 Bitcoin.com

bitcoin.com

The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing the Russian-developed System for Transfer of Financial Messages (SPFS). These restrictive measures also focus on tankers associated with “Putin’s dark […]

crypto assets

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