The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop. Source: https://cointelegraph.com/news/friend-tech-airdrop-largest-recipient-sells-tokens
Month: May 2024
Community split on ENS petition against Unstoppable Domains patent
Some crypto community members argued against the petition, while others supported ENS’ move against Unstoppable Domains. Source: https://cointelegraph.com/news/ethereum-name-service-challenges-unstoppable-domains-patent
Crypto exchanges to meet Nigerian SEC chief for regulatory talks
The meeting is anticipated to ignite positive changes that benefit all crypto stakeholders in Nigeria and on the international scene. Source: https://cointelegraph.com/news/nigeria-biccon-sec-roundtable-crypto-regulations
ZKasino scam suspect arrested, $12.2M seized by Dutch authorities
Authorities seized $12.2 million worth of digital assets, real estate, and luxury cars during the arrest. Source: https://cointelegraph.com/news/zkasino-scam-suspect-arrested-dutch-authorities
UK gov't calls for action on AI copyright, market competition
The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards. Source: https://cointelegraph.com/news/uk-government-response-parliamentary-report-ai-regulation
Nigerian fintechs crack down on crypto, users face account blocks
The CBN’s attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening. Source: https://cointelegraph.com/news/nigerian-fintechs-warn-users-crypto-sanctions
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly all participants in the country’s financial services sector, are susceptible to […] Source: https://news.bitcoin.com/report-30-of-uk-watchdogs-financial-crime-experts-focused-on-crypto-businesses-in-2022-23/
Bitcoin price is failing to break these 2 key resistance lines at $60K
Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows. Source: https://cointelegraph.com/news/bitcoin-price-failing-break-2-key-resistance-60k
The rise of the Chinese AI unicorns doing battle with OpenAI
Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country. Source: https://cointelegraph.com/news/chinese-ai-startups-valuation-openai-competition
Bitcoin selling pressure to ease? M2 money supply flips positive
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin. Source: https://cointelegraph.com/news/bitcoin-selling-pressure-ending-m2-money-supply-positive