Morning Bid: Making Bitcoin Great – and above $105,000
Bitcoin has reached a new milestone, soaring above $105,000 for the first time in history, spurred by comments from U.S.…
Category: Crypto
Forex Turnover in NAFEM Jumps 62 Percent to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a 61.9% year-on-year increase in dollar turnover, reaching $43.09 billion in the first…
Norway Wealth Fund to Probe Shoe Producers and Crypto Firms for Ethical Breaches in 2025
Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, will investigate ethical concerns surrounding shoe manufacturers, cryptocurrency companies, and gambling…
Bitcoin Faces Volatility as Traders Hedge Against Decline
Bitcoin’s recent failure to surpass the $100,000 milestone has prompted a wave of caution among investors, evidenced by a shift…
SEC flags Marino FX as illegal crypto exchange
The Securities and Exchange Commission (SEC) has discredited Marino FX Limited, a company falsely claiming to be an SEC-licensed cryptocurrency…
Bitcoin options trade shows more bets on retreat after failing to breach $100,000
Bitcoin recently reached a record high of $99,830 but fell 8% to $91,377, with investors now betting on further declines.…
Bitcoin jumps 28% since Trump’s win
Bitcoin soared by 28% since Donald Trump’s recent U.S. presidential victory, hitting an all-time high of $88,701. The cryptocurrency’s market…
Nigeria and South Africa Lead Africa’s Crypto and Stablecoin Surge Amid Economic Challenges
Nigeria and South Africa are at the forefront of Africa’s growing cryptocurrency adoption, driving significant on-chain activity in Sub-Saharan Africa.…
U.S. And Nigeria Launch Cryptocurrency Crime Task Force
The U.S. Department of Justice and the Nigerian government have established a Bilateral Liaison Group to address illicit finance and…
Regulatory clampdown fails to drown crypto excitement
Nigeria has retained its number two spot on the 2024 Global Crypto Adoption Index, trailing only India, according to Chainalysis.…
Why We Approved Crypto Exchanges- SEC
The Securities and Exchange Commission (SEC) of Nigeria recently approved two cryptocurrency exchanges, Busha Digital and Quidax Technologies, as part…
WazirX hacker moves $6.5 million in Ethereum to under fire mixer Tornado Cash
India’s largest cryptocurrency exchange, WazirX, has suffered a devastating security breach, resulting in the theft of $235 million in crypto…
Crypto trader turns $1000 into $400,000 trading Tron’s memecoin Sunwukong
The crypto community is abuzz after an anonymous trader, identified as TDm2, transformed a $1,000 investment into a staggering $400,000…
Cryptocurrency Market Faces $900M Loss as Bitcoin Prices Drop
In the past 24 hours, the cryptocurrency market experienced $900 million loss, primarily due to the liquidation of long positions…
Bitcoin dips as Mt. Gox moves $8.6 billion ahead of looming payouts to creditors
Mt. Gox, the defunct cryptocurrency exchange, recently executed a significant transaction involving over $2 billion worth of Bitcoin. The transfer…
ETH Spot ETFs Underperform, Triggering Crypto Sell-off
The recent poor performance of newly launched ETH spot ETFs caused a significant decline in the crypto market early Thursday.…
KuCoin Implements 7.5% VAT on Crypto Transactions in Nigeria
KuCoin, a prominent cryptocurrency exchange operating in Nigeria, has announced the implementation of a 7.5% Value-Added Tax (VAT) on transaction…
Bitcoin drops by 3% as 100,565 traders lose $262 million
In the early morning trading session, Bitcoin faced a 3% decline in its price before recovering to trade around $58.8K…
Crypto Traders Lose Over $280m
The cryptocurrency market is facing significant losses after its second-worst weekly decline in 2024, with Bitcoin’s price dropping nearly 5%…
Tinubu Approves New Leadership For National Council On Climate Change
President Bola Tinubu has appointed Dr. Nkiruka Maduekwe as the interim Director-General/Chief Executive Officer of the National Council on Climate…
Opinion: Free Crypto Up for Grabs: Top 5 Airdrops to Look Out For in June
This article explores five of the most promising airdrop campaigns happening in June. Airdrops are a way for crypto projects…
Crypto Exchanges Delist Naira from Peer-to-Peer Trading Platforms, SEC Confirms
The Securities and Exchange Commission (SEC) announced yesterday that crypto exchanges have initiated the delisting of the Naira from Peer-to-Peer…
Morgan Stanley Joins Major US Banks with $269 Million Investment in Bitcoin ETFs
Morgan Stanley, one of the top banking firms in the United States, has disclosed its investment of $269 million in…
Crypto Analyst Warns of Bitcoin Panic Sell-Off if Price Falls Below $60,000
Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has issued a cautionary note, suggesting that Bitcoin might face a…
Crypto tycoon Sam Bankman-Fried sentenced to 25 yrs in prison
Sam Bankman-Fried, the disgraced cryptocurrency prodigy, received a 25-year prison sentence on Thursday following his conviction in one of the…
Binance executive fled Nigeria with smuggled passport – NSA
The National Security Adviser, Nuhu Ribadu, has confirmed the escape of Nadeem Anjarwalla, a suspect in the criminal investigation into…
Nigeria tightens regulations on Crypto operators
Nigeria is intensifying its oversight of the cryptocurrency industry by updating regulations for crypto operators, notably involving Binance. The Securities…
Nigeria’s Crackdown on Binance Sparks Concerns for Cryptocurrency Future
Nigeria’s recent crackdown on Binance, a prominent cryptocurrency platform, has ignited concerns regarding the future of cryptocurrency in the country.…
Bitcoin Starts 2024 on a High, Surging Past $45,000 Amid ETF Optimism
Bitcoin, the world’s largest cryptocurrency, has begun the year 2024 with a remarkable surge, surpassing $45,000 for the first time…
Crypto Venture Capital Sees Renewed Interest in Web3 Investments
The crypto venture capital landscape is experiencing renewed interest in web3, crypto, and blockchain technology after several weak quarters. Investors…