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Nigerian fintechs crack down on crypto, users face account blocks
3.5.2024
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening
What role does cryptocurrency play in the global expansion of sports?
3.5.2024
Sports teams, events, and athletes are using digital money more and more for deals and engaging fans. Crypto cuts through currency exchange hassles, letting fans worldwide support their teams easily. This change streamlines deals and opens up new revenue possibilities. It fosters a more...
Momentum builds among Shiba Inu and Dogecoin communities for Raffle Coin’s presale aimed at raffle leadership
3.5.2024
Shiba Inu and Dogecoin showed resilience after last week’s market slide. Dogecoin regained more stability, but Shiba Inu managed to add 20% to its price. Buyers of older meme coins are well aware of the opportunities for significant appreciation and 10X price moves. That is why they are flocking...
Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize
3.5.2024
Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on...
Avalanche and Internet Computer navigate price changes; KANG set for new ATH
3.5.2024
Although the prices of Internet Computer (ICP) and Avalanche (AVAX) have been declining in the past month, both tokens are considered to be in a good entry phase for buyers. Having both seen very significant price spikes this year, their low prices signal another starting point for an impending...
Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits
3.5.2024
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether...
Standard Chartered Warns Bitcoin Price Could Fall to $50K
3.5.2024
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk...
Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
2.5.2024
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs
JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets
2.5.2024
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...
Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking
2.5.2024
The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States....
Messari CEO Criticizes US President’s Crypto Stance, Foresees ‘Mass Wealth Confiscation’ if Biden Gets Reelected
2.5.2024
Recently, Messari’s founder and CEO, Ryan Selkis, has expressed strong opinions about the potential impact of a Joe Biden reelection on the cryptocurrency industry in the United States. On Thursday, Selkis voiced his concerns on the social media platform X, stating that a “second Biden term...
Crypto market dips: Exploring altcoins amidst Bitcoin and Ethereum volatility
2.5.2024
Investors’ sentiments are not precisely bullish when it comes to the crypto market. Most of it is driven by a constant decline in the value of BTC and ETH following Bitcoin Halving and FED interest rate decision. The air earlier was certainly favorable; however, the market has refused...
Pantera invests in TON with high expectations for Telegram’s future
2.5.2024
The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said
Coinbase Announces Support for Bitcoin’s Lightning Network
2.5.2024
Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing...
Altcoin vs Bitcoin: Which should you invest in now?
2.5.2024
The crypto market has been trembling since Bitcoin Halving. A settlement was anticipated when applications for Spot Bitcoin ETF were approved. For a moment, Bitcoin did rise to a new ATH, but has now reverted to lower lows. Bitcoin is currently trading at a value of less than $60,000, and ETH...
Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
2.5.2024
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like...
Ripple vs. SEC legal battle impacts XRP’s performance
2.5.2024
Ripple filed a plea to counter the testimony of the Security and Exchange Commission’s accountant. It faced stiff opposition from the Securities and Exchange Commission, and its accountant was regarded as a summary witness. Ripple expressed its frank view that it recognized that...
Shiba Inu may lose another vital support, although not too bad
2.5.2024
When the current cryptocurrency market downturn is considered, the Shiba Inu memecoin is only a matter of time away from dipping below the $0.00002 support level. From a price of $56,900 per token, Bitcoin is now moving into the meme coin world, causing concern for the profit margins of altcoins....
Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends
2.5.2024
A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because...
Federal Reserve holds interest rates steady amid economic uncertainty
2.5.2024
In a widely anticipated decision, the Federal Reserve kept interest rates unchanged during its latest policy meeting, citing ongoing economic uncertainty and the need for continued support amid challenging global conditions. Despite the significance of the decision, financial markets exhibited...