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Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting Directive
20.5.2024
The Nigerian Securities Regulator has stated that cryptocurrency exchanges have complied with a directive to remove the local currency from peer-to-peer platforms. The acting director-general of the Nigerian Securities and Exchange Commission has called on platforms engaged in practices that...
Bitcoin surges 16% in May, but analysts warn of correction ahead
20.5.2024
Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant...
Bitcoin’s Price Poised for New ATH after $67,500 Resistance Level: 10x Research
20.5.2024
Bitcoin's price is poised to surge to new all-time highs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point.
The post Bitcoin’s Price Poised for New ATH after $67,500 Resistance Level: 10x Research appeared first on Cryptonews
Balaji Srinivasan Highlights China’s Dedollarization and Envisions Post-Dollar Economy
20.5.2024
Balaji Srinivasan, former CTO of Coinbase, recently shared his insights on the global economy and the future of the U.S. dollar on social media. He discussed the concept of dedollarization, suggesting that China and other countries are moving away from U.S. debt and investing in gold instead....
How to buy Bitcoin in Switzerland
20.5.2024
Is Bitcoin legal in Switzerland? Discover Swiss banks’ attitudes toward crypto and various ways to buy BTC
Veteran Trader Peter Brandt Says Peter Schiff Criticizes Bitcoin to Attract Attention, Increase Following
20.5.2024
Veteran trader Peter Brandt has accused economist and gold advocate Peter Schiff of leveraging his criticisms of bitcoin to garner attention and increase his social media following. However, Schiff countered, asserting that he is simply offering his candid perspective on the investment risks...
Bitcoin rally above $67.5K could spark new record highs, says 10x Research
20.5.2024
Bitcoin could be on the brink of a rally to new record highs, but it still has one significant resistance to overcome, according to Markus Thielen
Bitcoin Price Prediction as Global Markets React to Iranian President’s Helicopter Crash – Potential for War?
20.5.2024
As geopolitical tensions rise after the Iranian President's helicopter crash, Bitcoin rebounds, reaching an intraday high of $67,600 on safe-haven demand.
The post Bitcoin Price Prediction as Global Markets React to Iranian President’s Helicopter Crash – Potential for War? appeared first...
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
20.5.2024
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened...
Developers Foresee ‘Programmability’ as Catalyst for Bitcoin’s Next Rally
20.5.2024
A group of developers believes introducing programmability to the Bitcoin blockchain could drive the next rally for the largest cryptocurrency.
The post Developers Foresee ‘Programmability’ as Catalyst for Bitcoin’s Next Rally appeared first on Cryptonews
Gold Prices Break Record Highs, Silver Also Rallies
20.5.2024
Gold has continued rising in financial markets, hitting new all-time high (ATH) prices against the U.S. dollar. The precious metal’s price rose to levels close to $2,450 per ounce this Monday, fueled by geopolitical tensions and the expectations of a Federal Reserve dovish move on interest...
ETFs buy 3X new BTC supply — 5 Things to know in Bitcoin this week
20.5.2024
Bitcoin is facing renewed calls for a supply shock as exchange reserves hit seven-year lows, and BTC price action focuses on final resistance
Ether, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings Loom
20.5.2024
The market has priced in a rejection for the first set of Ethereum ETFs, but there are reasons to be optimistic about an approval next year, says one fund manager
Research Firm Favors Bitcoin 'Covered Strangle' Strategy to Enhance Portfolio Yield by 17%
20.5.2024
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note
Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices
20.5.2024
The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory...
Bitcoin would need to hit $93K to flip Silver right now
20.5.2024
Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago
Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining
20.5.2024
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan...
IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System
20.5.2024
The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification...
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
20.5.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched...
DTCC Smart NAV Pilot Utilizes Chainlink for Blockchain-Based Mutual Fund Data
20.5.2024
The Depository Trust & Clearing Corporation (DTCC) has announced the successful completion of its Smart NAV pilot, leveraging Chainlink’s technology to enhance its Mutual Fund Profile Service I (MFPS I). The initiative aims to bring trusted data to blockchain ecosystems, facilitating more...