Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Only 54% of illegal crypto ads in the UK were removed in 2024 despite FCA’s crackdown

January 2, 2025 1 min read

Illegal cryptocurrency advertisements are proliferating in the UK, despite the Financial Conduct Authority (FCA) implementing stricter regulations in June 2023. Between October 2023 and October 2024, the FCA issued 1,702 requests to remove unlawful crypto ads, yet only 54% were acted upon, leaving a significant number of promotions unaddressed. The FCA’s guidelines stipulate that only promotions authorized by the FCA are permissible, with non-compliance potentially leading to severe penalties, including

DEX monthly trading volume surges to over $320 billion in December

December 31, 2024 1 min read

In December 2024, the cryptocurrency market saw a lot of trading activity even though prices went down. Bitcoin and Ether hit new record highs, with Bitcoin going over $100,000 and Ether above $3,800, increasing investor confidence. As the year wrapped up, the market showed some price drops, hinting at a possible bigger bull run next year. Decentralized exchanges (DEXs) reached high trading volumes, with total monthly trading exceeding $320.5 billion.

Leading asset management firm Franklin Templeton launches its DeFi solution on Ethereum

December 29, 2024 1 min read

Franklin Templeton, a well-known asset management firm, has taken important steps in decentralized finance (DeFi) by launching its tokenization project, Benji, on the Ethereum blockchain. This is the company’s fifth platform integration in 2023, after successful launches on Aptos, Avalanche, Arbitrum, and Base. Now, Benji is available on seven platforms, including Stellar and Polygon. Sandy Kaul, the Head of Innovation Strategies at Franklin Templeton, talked in a podcast about how

Optimism (OP) surges after Binance announced upgrade and hard fork support

December 29, 2024 1 min read

The native token of the Optimism layer-2 blockchain network has seen a rise in value due to good news in the community. Binance, the biggest cryptocurrency exchange in the world by trading volume, announced its support for Optimism’s network upgrade and hard fork set for January 9, 2025, at 18:00 UTC. This announcement was a key reason for the increase. Binance announced that it will pause deposits and withdrawals of

BONK memecoin to burn 1 Trillion tokens by Christmas

December 22, 2024 1 min read

Bonk‘s “BURNmas campaign” is in the news for its goal to burn 1 trillion tokens, targeting a price of $0.11, which would mean a huge 328,000% rise from its current value. The recent news about the token being listed on the Robinhood exchange has increased interest, leading to a 30% price jump in just one day. Investor excitement indicates a bright future for the token. The current token burn effort

Hawk Tuah investors file a lawsuit against promoters

December 22, 2024 1 min read

Investors in the Hawk Tuah meme coin have filed a lawsuit against its creators and promoters, claiming securities fraud after the token’s sudden drop. The plaintiffs argue that the token was falsely advertised as providing benefits similar to those of shareholders, which violates securities laws. Hailey Welch, who is connected to the project, is not a defendant and will not take part in the legal proceedings. Hawk Tuah started in

Bitwise targets Europe with its new Solana staking ETP

December 19, 2024 1 min read

Bitwise has launched a Solana staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States. BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared

Trump proposes Bitcoin reserve to secure U.S. economic leadership

December 16, 2024 1 min read

Recently, U.S. President-elect Donald Trump shared his positive views on Bitcoin, seeing it as an important asset for keeping America’s economic strength. Trump suggested creating a Bitcoin reserve, similar to the country’s oil reserves, to strengthen the U.S. economy and reduce inflation risks while addressing a virtual audience. The move from careful rules to getting involved in the cryptocurrency market could greatly affect Bitcoin’s value, with estimates saying it might

BlackRock’s Bitcoin ETF surpasses all 50+ European regional ETFs combined

December 13, 2024 1 min read

BlackRock’s Bitcoin ETF, called IBIT, has achieved a major milestone by gathering more assets than all 50+ European regional ETFs put together, even though many of these funds have been around for over 20 years. This fast growth shows that more people in finance are accepting crypto. Since it started in January, IBIT has broken records and now holds almost half of all Bitcoin ETF assets, exceeding the value of

Zero capital gains tax from January for Bitcoin holders in Czech Republic

December 8, 2024 1 min read

On December 6, 2023, the Czech Republic approved a change that will exempt income from cryptoasset transfers from personal taxes. This will start on January 1, 2025. This law lets people exclude this income if their total earnings from these transactions are under CZK 100,000 and if they have held the digital assets for more than three years before selling them. The framework reflects current exemptions for securities but has

Mt. Gox transfers 24,052 BTC after Bitcoin breaks a key milestone

December 6, 2024 1 min read

Bitcoin has recently achieved a significant milestone by surpassing the $100,000 mark, coinciding with a notable transfer of 24,052 BTC by the defunct exchange Mt. Gox to a new wallet. This transaction, valued in the billions, has ignited speculation regarding its intent, with analysts divided on whether it relates to creditor repayments or an internal reallocation of assets. The timing of the transfer, shortly after Bitcoin’s price breakthrough, has raised

XRP surges by over 20% in 24 hours, surpassing Tether (USDT) in market cap

December 2, 2024 1 min read

XRP (XRP) has surged in recent weeks, reclaiming its position as the world’s third-largest digital asset by market capitalization at $139 billion. This rise has displaced Tether’s USDT and reflects renewed market interest, particularly among retail traders. Factors like XRP trends on TikTok, speculation around a Ripple-issued stablecoin, and potential ETF approval are driving this momentum, according to Mena Theodorou, co-founder of Coinstash. Meanwhile, Bitcoin (BTC) continues to battle the psychological $100,000 milestone, trading