Abdulkarim Abdulwahab

Lagos, Nigeria

Blockchain News Writer at Coin Edition

Writer at Freelance

Crypto News Writer at The Crypto Basic

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Articles

Turkey Rolls Out New Crypto Rules to Fight Money Laundering

4 days ago | thecryptobasic.com | Abdulkarim Abdulwahab

Turkey’s Ministry of Treasury and Finance has announced a new wave of crypto regulations to prevent illicit funds laundering through crypto asset transactions. The measures target platforms and users, tightening oversight in one of the world’s most active cryptocurrency markets. Mandatory Transfer Descriptions & Source VerificationUnder the new rules, all crypto asset transfers must now include a transaction note of at least 20 characters, detailing the purpose of the transfer.
Japan Eyes 20% Flat Tax and Bitcoin ETFs in Crypto Policy Overhaul

4 days ago | coinedition.com | Abdulkarim Abdulwahab

Japan proposes to regulate crypto assets under the Financial Instruments and Exchange Act. The move could legalize Bitcoin ETFs and reduce the tax on crypto gains from up to 55% to a flat 20%. This marks a strategic change toward embracing Web3 technologies as part of Japan’s economic agenda.
Anticipating XRP to Hit $7 Is No Longer Gambling: Top Analyst

4 days ago | thecryptobasic.com | Abdulkarim Abdulwahab

According to prominent crypto commentator Crypto Bitlord, the journey for XRP to higher price targets is a matter of pure belief. XRP has surged by over 10% today, reaching $2.21 after recovering from a dip to $1.90 over the weekend. XRP’s ongoing rally follows Bitcoin’s recapture of the $105K level, helping altcoins breathe after the weekend bloodbath. Amid the promising market, optimism is rising about XRP’s potential run to a new all-time high.
Hong Kong Enacts Stablecoin Ordinance, Launches High-Threshold Licensing Regime

4 days ago | coinedition.com | Abdulkarim Abdulwahab

Hong Kong has passed the Stablecoin Ordinance, establishing a licensing regime that treats stablecoins as payment tools. The Hong Kong Monetary Authority draws inspiration from the EU’s MiCA framework. The ordinance aims to prevent market overheating and strengthen Hong Kong’s role as a global fintech hub. Hong Kong is implementing a stringent new licensing regime for stablecoin issuers, a move designed to cement the city’s status as a regulated hub for digital assets.
$800 Billion Reasons to Cut: Trump Demands Fed Action as Crypto Markets Eye Bull Run

4 days ago | coinedition.com | Abdulkarim Abdulwahab

Donald Trump has called for immediate interest rate cuts, criticizing Fed Chair Jerome Powell. This comes ahead of Powell’s congressional testimony. The crypto community sees Trump’s comments as a bullish signal, with expectations rising for looser monetary policy.
Is XRP a Good Investment Right Now, Experts Weigh In

5 days ago | thecryptobasic.com | Abdulkarim Abdulwahab

As bearish momentum overtakes the XRP market, analysts are weighing whether now is a good time to buy XRP. Lark Davis, a widely followed crypto YouTuber, started the conversation on X. He first acknowledged that XRP is one of the strongest crypto assets in the market. The coin has continued to defend its position as the fourth biggest crypto despite a continued sell-off. However, Davis noted that its technical chart looks severely damaged.
CZ Confirms $100M BNB Treasury Coming to Nasdaq and Global Markets

5 days ago | thecryptobasic.com | Abdulkarim Abdulwahab

The BNB token is gaining new institutional exposure as a group of crypto hedge fund executives plans to launch a BNB-focused treasury vehicle on Nasdaq. According to a Bloomberg report, the team is in advanced talks to raise $100 million through an existing publicly listed company. Interestingly, they intend to rename the firm to Build & Build Corporation, a nod to BNB’s original meaning. The strategy mirrors the blueprint used by MicroStrategy for Bitcoin as crypto treasuries enter public markets.
Incoming Product To Put Billions of Dollars of XRP to Work: Flare CEO

5 days ago | thecryptobasic.com | Abdulkarim Abdulwahab

Flare Networks CEO and co-founder Hugo Philion has hinted at a major turning point for XRP and its holders. In a recent tweet, Philion stated the upcoming product, Firelight, could put billions of idle XRP liquidity to work on. This development would mark a pivotal moment for XRP holders, many of whom have long awaited the opportunity to earn yield through decentralized finance without relinquishing control of their assets.
Legal Storm Forces Pump.fun to Delay Billion-Dollar Token Sale

5 days ago | coinedition.com | Abdulkarim Abdulwahab

The Pump.fun token sale, originally set for June 25, has been postponed to mid-July. The delay comes as the platform faces a class-action lawsuit alleging it is a “pyramid scheme.”The platform was also recently subjected to a temporary suspension from X (formerly Twitter). The Solana-based memecoin launchpad Pump.fun has pushed back its highly anticipated public token sale to mid-July.
Altcoin Season Index Drops to Lowest Point in Two Years: Here's What History Tells Us

5 days ago | coinedition.com | Abdulkarim Abdulwahab

Altcoin Season Index hits 12, signaling heavy Bitcoin dominance. The dip marks the lowest level for the indicator since 2023. June has historically been a weak month for altcoins since 2019. The Altcoin Season Index dropped to 13 this June, its lowest point in two years, signaling that Bitcoin continues to significantly outperform the vast majority of altcoins. The decline is part of a recurring mid-year seasonal pattern that has historically seen a shift in market dominance toward Bitcoin.