Olumide Osunkoya pleaded guilty to FCA charges of unlawful provision and use of a cryptocurrency automated teller machine (ATM). Osunkuya, 45, is scheduled to be sentenced at a later date. Olumide Osunkoya pleaded guilty to several charges related to the illegal operation of a cryptocurrency automated teller machine in the United Kingdom. The Financial Conduct Authority said in a press release on September 30 that Osunkuya, 45, appeared at Westminster Magistrates’ Court and pleaded guilty to the first charge in relation to operating an illegal cryptocurrency ATM. announced that he had been found guilty. Illegal cryptocurrency ATM operation Among the…
Author: Crypto Flexs
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Bitcoin BTC -2.64% And U.S. stocks both experienced their best September in years, with analysts outlining several factors that could keep this risky sentiment going. “As the third quarter came to a close, both stocks and Bitcoin performed better than expected and withstood the typical decline in September,” QCP Capital analysts said.The S&P 500 rose about 1.5% in September and 5.1% in the third quarter, its best performance for the year since 1997. Meanwhile, Bitcoin is up more than 7% this month, hitting one of its record highs in September. Performance on record, according to Coingecko data. Historically, in September,…
Altcoin season began with BTC testing $66,000, with values soaring during the recent bullish rally. However, an important factor is needed to trigger the start of altcoin season. Bitcoin (BTC) A price correction is likely after failing to maintain the $66,000 level. AMBCrypto’s analyze This suggests that $61,000 could be the next support level and mark a major bottom. Historically, altcoin The season follows the bottom of Bitcoin. If this pattern repeats, the current decline could trigger the next altcoin season. The next cycle could trigger an altcoin season Bitcoin’s current market share is 57.37%, a significant drop from its…
Ted Hisokawa September 30, 2024 02:38 Binance Pool has launched Bellscoin (BEL) merge mining, allowing users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and BEL. According to an announcement from Binance, Binance Pool has officially launched merged mining for Bellscoin (BEL), allowing users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and BEL. How to get started To participate in the new merged mining service, users must follow these steps: Log in to your verified Binance account and register a Binance Pool account. Start mining LTC…
After losing $3.8 million in a September 27 hack that exploited known but unresolved security vulnerabilities, decentralized finance (DeFi) protocol Onyx announced Onyx Core, an open source permissioned financial network, as its core product to strengthen governance. We’ve received community approval to start over. .The Onyx improvement proposal “(OIP)-46: Relaunch Onyx Core” was introduced on the same day as the $3.8 million security exploit. The proposal called for major changes to the protocol and product offerings, including shutting down the Ethereum-based lending market and repaying lenders “in full on a 1:1 basis for the assets they have supplied.”source: onyxBy September…
Bitcoin (BTC) is coming off the end of an unusually strong “Rektember”, rising around 9% on expectations of further BTC price rises.Bitcoin still holds most of the support it regained last week due to a selloff to close the week.Federal Reserve Chairman Jerome Powell took the stage to start the week with markets divided over the size of November’s rate cut.While 2024 could still be Bitcoin’s best September on record, “Uptober” generally promises an upside of 23%.Based on Coinbase app downloads, retail interest in Bitcoin and cryptocurrencies is growing.Whales, which have been on the market for more than several months,…
On-chain data shows that Ethereum transaction fees are rising again recently. The reasons behind this trend are as follows: Ethereum average fees have recently recorded a notable rise. In a new insight post, on-chain analytics firm Santiment talked about how the Ethereum network has become more expensive recently. The metric of interest here is the “average fee” which tracks the average fee ETH users currently attach to their transfers. The amount of fees a sender is willing to pay is determined by the level of activity the blockchain is witnessing. During periods of high traffic, transfers may be briefly interrupted…
CleanSpark CEO Zach Bradford said in an interview with analysts at research and brokerage firm Bernstein that he expects Bitcoin to reach nearly $200,000 this cycle.“Current analysis suggests that Bitcoin could peak below $200,000 in the next 18 months. Perhaps it will peak. But I think we will see a rapid takeoff and hopefully a prolonged rally before we revisit the bear cycle,” Bradford told Bernstein’s Gautam Chhugani, according to a note to clients on Monday.“One positive sign is that Bitcoin’s extended lock-in period shows that sustained bulls can also last longer. “Of course, this can all vary depending on…
Remixpoint announced a new cryptocurrency investment. The company said the investment was part of a new cash management strategy. The purchase was part of a plan to acquire more than $10 million worth of digital assets. Tokyo-listed Remixpoint has acquired millions of dollars worth of various cryptocurrencies to diversify its assets amid inflation concerns in Japan. The investment comes as other companies in Japan are embracing digital assets amid concerns about a future decline in the value of the yen. This includes Metaplanet, which switched to a “Bitcoin First Bitcoin Only” financial plan in March in direct response to the…
Our weekly roundup of African cryptocurrency news from the African continent includes AFRO meme coin launch, growth of service providers in Nigeria’s cryptocurrency community, Hamster Kombat failing after launch and gaining approval. Nigerians angry after Hamster Kombat flop release Months after Hamster Kombat, a tap-to-earn project, created a stir online, Released Before tanking. This has left Nigerians angry and feeling cheated. Their disappointment is seen as a result of months of hard work knocking out hopes of hitting the jackpot. However, as a result, most users received a much lower minimum payout than they expected. Anger and disappointment are evident…