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Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
31.10.2024
The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on...
BTC price risks new 'FOMO' top as Bitcoin ETF inflows near $1B daily
31.10.2024
Bitcoin ETFs are making traders nervous due to their history of marking BTC price local tops in 2024
Nigerian Fintech Reaches Unicorn Status With $110 Million Google-Backed Funding Round
31.10.2024
Moniepoint, a Nigerian fintech company, has raised $110 million in Series C funding to expand its services across Africa and globally, becoming the latest Nigerian fintech unicorn. Moniepoint Seeks to Serve Global African Market with New Funding Moniepoint, a Nigerian fintech company, recently...
Coinshares Report: Inside Bitcoin’s Cost Crunch—Why Mining Expenses Are Hitting Record Highs
31.10.2024
Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining report, with research led by James Butterfill...
MicroStrategy shares fumble as Q3 earnings fall just short of estimates
31.10.2024
MicroStrategy’s stock price dropped after its Q3 earnings missed estimates, while an analyst forecasts more potential volatility after the US elections
Russia’s Bitcoin, AI play with BRICS is ‘game theory’ in motion: Analyst
31.10.2024
Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
AI Startup Backed by Billionaire Peter Thiel’s Founders Fund Raises $500 Million
31.10.2024
Crusoe Energy is set to secure approximately $500 million in equity capital from investors including billionaire Peter Thiel’s Founders Fund. VC Firms Pour Billions into AI Startups Crusoe Energy, a vertically integrated artificial intelligence (AI) infrastructure company, is set to secure...
Over 30 Nations Seek Stronger BRICS Ties — Russia Leads Strategic Talks
31.10.2024
Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance growth. Russia Confirms Over 30 Countries Eye Deeper BRICS Alliance Russia plans to consult with over 30 countries interested in deeper...
Coinbase CEO to New SEC Chair: Apologize to the American People and Drop ‘Frivolous’ Cases
31.10.2024
Coinbase’s CEO calls on the next SEC chairman to drop “frivolous cases” and apologize to the American people for past actions, citing inconsistent crypto regulations. ‘Withdraw Cases, Apologize’: Coinbase CEO’s Challenge to Future SEC Leadership Coinbase CEO Brian Armstrong...
Riot revenue rises 65% from 2023 but says hashrate plans hampered
31.10.2024
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
BlackRock's Bitcoin ETF hits record inflow amid crypto market rally
31.10.2024
BlackRock's spot Bitcoin ETF recorded $875 million of inflows on Oct. 30, surpassing its previous record by around 3%
Does US Dollar Need to Collapse for Bitcoin to Hit $200K? Bitwise Says No
31.10.2024
Bitwise’s chief investment officer predicts bitcoin could reach $200,000 without a U.S. dollar collapse, outlining a path for the cryptocurrency to surge toward unprecedented highs. Bitcoin’s Path to $200K: No Dollar Collapse Required The chief investment officer of asset management firm...
Elon Musk Teases 69.420% on Trump’s Lead Over Harris as Biden Faces ‘Garbage’ Backlash
31.10.2024
Elon Musk teased “69.420% coming soon” in a post about Trump’s lead over Harris, while Biden sparked backlash for allegedly calling Trump supporters “garbage.” Elon Musk Hints at 69.420% After Trump-Harris Polls as Biden’s ‘Garbage’ Comment Sparks Uproar...
China’s QE Could Ignite Bitcoin Boom Like Never Before — Analysis by Arthur Hayes
31.10.2024
Bitmex founder Arthur Hayes predicts China’s aggressive monetary easing could spark a historic bitcoin rally, as yuan expansion indirectly fuels crypto demand. Bitcoin Boom Incoming? Arthur Hayes Weighs in on China’s QE Policies Arthur Hayes, Bitmex’s founder and former CEO, published...
Another Satoshi Nakamoto ‘Unmasking’ Announced—But Bitcoin Community Isn’t Buying It
31.10.2024
In a move billed as “historic,” a purported revelation of Satoshi Nakamoto’s identity is scheduled for a live press conference on Oct. 31, sparking debate and skepticism within the bitcoin community. Will the Real Satoshi Nakamoto Please Stand Up? Community Questions Latest Identity Claim Slated...
MicroStrategy to raise $42B to buy Bitcoin in ‘21/21 plan’
31.10.2024
Crypto commentators are “bullish” on MicroStrategy’s plan, predicting it will propel the company ahead of not just other public firms but countries too
US State Official Urges Bitcoin Investment for Retirement Funds to Future-Proof Pensions
31.10.2024
A top financial officer of the U.S. state of Florida is advocating for state retirement funds to consider cryptocurrency investments, calling bitcoin a hedge against market volatility. US State Official Pushes Bitcoin as Hedge for Public Retirement Stability Chief Financial Officer and State Fire...
Canary Capital files for spot Solana ETF with SEC
31.10.2024
The crypto asset manager has now filed for a spot Solana ETF after getting the ball rolling for a spot for XRP ETF and Litecoin ETF earlier in October
Russia to Ban Crypto Mining in Key Regions as Energy Shortages Intensify
30.10.2024
Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy Energy Minister Yevgeny Grabchak has stated that digital...
Visa-Coinbase Partnership Unleashes Real-Time Crypto Funding Power
30.10.2024
Visa and Coinbase’s new partnership promises instant, round-the-clock funding for crypto trading, allowing U.S. and EU users real-time access to trading opportunities. Coinbase and Visa Join Forces to Break Crypto Funding Barriers Payment giant Visa has joined forces with crypto exchange...