Day: January 30, 2023

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

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The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is currently 17.8 million Naira, equating to a whopping $38,792. This represents more than a 60% premium over the current market price of Bitcoin, which is around $23,700 at the time of writing. It comes as the Central Bank of Nigeria has continued to impose limits on…

Monkey Drainer-linked scammers possibly exposed after an on-chain quarrel

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Blockchain security firm CertiK believes to have found the real identity of at least one scammer allegedly linked tothe “Monkey Drainer” phishing scam. Monkey Drainer is the pseudonym for a phishing scammer(s) that uses smart contracts to steal NFTs through a process known as “ice phishing.”  The individual or persons behind the phishing scam have stolen millions worth of Ether (ETH) via malicious copycat nonfungible token (NFT) minting websites to date.  In a Jan. 27 blog, CertiK said it found on-chain messages between two scammers involved in a recent $4.3 million Porsche…

Aussie regulator flagged concerns about FTX months before collapse: Report

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Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November. According to documents obtained by Guardian Australia, officers of the Australian Securities and Investments Commission (ASIC) were concerned about the way in which FTX Australia was operating as it was able to obtain a license in the country through a company takeover. As per a previous report from Cointelegraph, FTX acquired its Australian financial services license (AFSL) by taking over financial institution IFS Markets in…

Bitcoin Price Resumes Uptrend as The Bulls Aim The Key $25K Barrier

Bitcoin price started another increase above the $23,000 resistance. BTC is rising and the bulls might aim a test of the $25,000 resistance zone. Bitcoin is gaining pace above the $23,500 resistance zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further towards $25,000 if it stays above the $23,450 support zone. Bitcoin Price Starts Increase…

US Senator’s Resolution Encourages Capitol Gift Shops to Accept Cryptocurrency – Regulation Bitcoin News

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A U.S. lawmaker has introduced a resolution that encourages Capitol gift shops to accept cryptocurrency payments. He stressed that lawmakers “should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.” US Senator Advocates Crypto Payments U.S. Senator Ted Cruz (R-TX) announced Thursday that he has reintroduced the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) Resolution. Cruz first introduced this resolution in November 2021. The senator from Texas said: Cryptocurrency is generating new jobs, encouraging entrepreneurs to invent…

Bitcoin stays out of fear for 11 straight days as price tips near 24K

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Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. Bitcoin Fear and Greed Index is 61 – GreedCurrent price: $23,780 pic.twitter.com/U5gxN3AwnT — Bitcoin Fear and Greed Index (@BitcoinFear) January 30, 2023 It comes as Bitcoin hit $23,955 at 8:10 pm UTC time on Jan. 29, becoming this year’s newest all-time high. Though it has since come back down slightly to $23,687 at the time of writing. Meanwhile, Bitcoin sentiment…

US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action – Regulation Bitcoin News

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U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up a giant sign over crypto that says, money laundering done here,” the lawmaker stressed. Senator Urges Congress to Crack Down on Crypto Money Laundering U.S. Senator Elizabeth Warren (D-MA) said in an interview with Politico’s Morning Money Wednesday that cracking down on money laundering activities is her…