Day: December 10, 2023

Crypto Analyst Predicts 100% Price Surge For MATIC

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MATIC, the native token of the Polygon network, has been on an exciting run in the past few weeks, like several other altcoins in the market. Despite the positive price performance, the cryptocurrency has not been able to return above the $1 mark, seemingly facing rejection at the $0.9 zone. However, it appears that the tides might be changing for MATIC following a crypto analyst’s projection.  Will MATIC Price Skyrocket 100% If This Happens? Prominent crypto analyst Ali Martinez has put forward their bullish projection for the MATIC price in…

UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

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The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry. In a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has claimed that the FCA is being slow to respond and take action against illicit activities in the crypto industry. High staff turnover rates and a lack of specialist skills increase risk to @TheFCA‘s key commitments. It has responded by recruiting and spending £317m on its change programme. This should help…

Pudgy Penguins, NFTs Behind Walmart Toys, Now Chilling in Pudgy World

The Pudgy Penguins NFT collection first dropped in July 2021, selling out within minutes. Since then, the collection has grown to 8,888 NFTs held by more than 4,000 people, Open Sea data shows. The collection’s floor price is roughly $27,000, up from $90 more than two years ago. The collection’s market cap stands at nearly $250 million, CoinGecko data shows. Source

US gov’t removes two crypto AML rules from national defense bill

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The United States government has eliminated two provisions from the National Defense Authorization Act (NDAA) that were designed to address anti-money laundering (AML) concerns involving cryptocurrency. The NDAA is a legislation that authorizes how the country’s defense department can use federal funding. Among the extensive list of provisions removed from the NDAA, two specifically outlined a thorough review system and reporting of crypto activities to combat illicit practices. National Defense Authorization Act Conference Report. Source: U.S. Senate Committee on Armed Services The first provision mandated the US Secretary of the…