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A UK court has sentenced Olumide Osunkoya, the operator of an illegal crypto ATM network, to four years in prison. This case marks the first time someone in the UK has been convicted for operating a crypto ATM without official authorisation. Illegal Operations and Modus Operandi Osunkoya, through his company GidiPlus Ltd, operated at least…
Bitcoin’s value experienced a significant decline on Monday, falling nearly 10 percent amid escalating global trade tensions and uncertainty surrounding the proposed US Crypto Strategic Reserve. The cryptocurrency dropped to $85,321.69, erasing gains from earlier in the week. Market optimism initially surged following an announcement by President Donald Trump outlining plans to establish a US…
In a remarkable turn of events, the cryptocurrency market capitalisation has surged by over $220 billion within the past 24 hours, surpassing the total market value of McDonald’s. This substantial increase indicates a strong bullish trend and heightened trading activity within the market. The surge commenced at 10:00 AM UTC on 1 March 2025 and…
In a bold move that has sent shockwaves through the financial world, U.S. President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve on 2 March 2025. This initiative aims to position the United States as a leader in the global digital asset landscape, marking a significant policy shift towards embracing cryptocurrencies. The…