Key takeaways Algotech has concluded its second presale round, with more than $3.5 million raised so far. The project seeks to provide AI solutions to the fast-paced world of cryptocurrency trading. The Algotecth presale has been moving smoothly and it recently set another important milestone. Investment in the project continues to grow as the broader cryptocurrency market looks to surge higher in the coming weeks. What is Algotech? To understand why investors are buying into Algotech, you need to understand
The rapid rise in Treasury yields in the past two years has fueled demand for their tokenized versions. The 10-year yield, the so-called risk-free rate, has risen to 4.22% from 1.69% since March 2022, denting the appeal of lending and borrowing the dollar-pegged stablecoins in the decentralized finance market.
In several cases such as India, Singapore, Spain, Portugal, Italy and Malaysia, their assessments around compliance with Recommendation 15 are ongoing so the table rated them as N/A (not applicable). Other nations, such as Argentina, had conducted a risk assessment covering VASPs but had not completed any of the other seven relevant criteria.
“This aligns with our spirit at OJK, particularly in consumer protection and education,” Hasan Fawzi, the regulator’s head of supervision for financial technology, digital financial assets and crypto, said at a media briefing on Tuesday. “We expect our regulatory mechanisms to directly impact the prevention of fraudulent investments.”
Lisbon, Portugal, March 28th, 2024, Chainwire Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. The project has sparked a new-found excitement in the Polkadot ecosystem, seeing over 20,000 await their airdrop in the $DED Telegram channel. With the token’s snapshot debuting early last week, the team hopes $DED signifies a second coming for the Polkadot ecosystem and fresh liquidity. With partnerships and support from top projects on the
One of the two Binance executives held in Nigeria has reportedly escaped from custody, according to a local media outlet. Binance is the world’s largest crypto exchange by trading volume and has faced a rough time in Nigeria over the past several months. Binance exec escapes from Nigeria Details on Monday claimed that Nadeem Anjarwalla, a 38-year old UK national who has been in detention in Nigeria, escaped via a Middle-Eastern airline. He allegedly used a fake passport to board
The European Securities and Markets Authority’s (ESMA) report, which follows a consultation last year, includes proposals on information the regulator will require from firms for authorization under MiCA. The report also includes requirements for firms to establish intent to provide crypto services and intent to acquire crypto assets, along with how service providers should address complaints.
Dogecoin overtakes Cardano to become the 8th largest crypto. Dogecoin’s surge is fueled by social media buzz & market surge. Bitbot, a new telegram bot project, raises $1,378,018 in its seventh stage of the ongoing token presale. In a dynamic turn of events, Dogecoin (DOGE) has surged ahead, overtaking Cardano (ADA) to become the 8th largest cryptocurrency by market capitalization. This comes amidst intensifying competition in the cryptocurrency market, fueled by the emergence of innovative projects such as Bitbot, a
The charges, which also name two Binance executives detained by the government, were announced by the Federal Inland Revenue Service (FIRS) and filed at the Federal High Court in Abuja, one outlet reported. The exchange is being charged with four counts of tax evasion, including “non-payment of Value-Added Tax (VAT), Company Income Tax, failure to tax returns, and complicity in aiding customers to evade taxes through its platform.”
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