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Category: Crypto

FTX Will Purchase The Assets of Insolvent Voyager.
Crypto

FTX Will Purchase The Assets of Insolvent Voyager.

Crypto exchange FTX, whose bailout proposal the bankrupt institution had earlier this year been rejected, has won its assets in…

byakintundeSeptember 27, 2022September 27, 2022
4 Coins That Might Become Bullish if The Price of Bitcoin Stabilizes.
Crypto

4 Coins That Might Become Bullish if The Price of Bitcoin Stabilizes.

In the previous six weeks, the major U.S. stock market indices had their fifth weekly closing. Even though Bitcoin is…

byakintundeSeptember 27, 2022September 27, 2022
US Fed Sends The Cryptocurrency Market Into Turmoil.
Crypto

US Fed Sends The Cryptocurrency Market Into Turmoil.

Due to the increase in US interest rates, the value of the bitcoin market has dropped to $360 billion, and…

byayotilewaSeptember 22, 2022September 22, 2022
Jamie Dimon, CEO Of Morgan Chase, Refers To Cryptocurrencies As “Ponzi schemes.”
Crypto

Jamie Dimon, CEO Of Morgan Chase, Refers To Cryptocurrencies As “Ponzi schemes.”

Stablecoins, which are digital assets linked to the value of the US dollar or other currencies, wouldn’t be a problem…

byakintundeSeptember 22, 2022September 22, 2022
A Rate Hike Possibility Causes Cryptos To Squeak As Bitcoin Drops Below $19,000.
Crypto

A Rate Hike Possibility Causes Cryptos To Squeak As Bitcoin Drops Below $19,000.

By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387. The second-largest cryptocurrency,…

byakintundeSeptember 19, 2022September 19, 2022
With The ‘Merge’ Software Upgrade, The Ethereum Blockchain Uses Less Energy.
Crypto

With The ‘Merge’ Software Upgrade, The Ethereum Blockchain Uses Less Energy.

According to its co-founder, the Ethereum blockchain has undergone a significant software upgrade; that significantly lowers its energy consumption. The update,…

byakintundeSeptember 15, 2022September 15, 2022
Values of Bitcoin and Other Cryptocurrencies Sharply Declined.
Crypto

Values of Bitcoin and Other Cryptocurrencies Sharply Declined.

Due to the loss of about $89 billion in cryptocurrency, the market value of cryptocurrencies has fallen back below $1…

byakintundeSeptember 14, 2022February 8, 2023
According To Polls, Nigeria Is Africa’s Top User Of Bitcoin.
Crypto

According To Polls, Nigeria Is Africa’s Top User Of Bitcoin.

The value of worldwide Bitcoin trade has surpassed $3 trillion. Farida Nabourema, the organizer of the Bitcoin Africa conference, claimed…

byakintundeSeptember 13, 2022September 13, 2022
Binance Teams Up With Nigerian Authorities to Launch A Digital Economy.
Crypto

Binance Teams Up With Nigerian Authorities to Launch A Digital Economy.

Binance, a major cryptocurrency exchange, is growing its influence in Africa by partnering with Nigerian officials; to create a digital…

byakintundeSeptember 6, 2022September 6, 2022
21.co, A Cryptocurrency Company, Raises $25 Million And Is Valued At $2 Billion.
Crypto

21.co, A Cryptocurrency Company, Raises $25 Million And Is Valued At $2 Billion.

The parent company of 21Shares and provider of cryptocurrency investment products, 21.co, announced that it had raised $25 million in…

byakintundeSeptember 6, 2022September 6, 2022
USDC, USDP, And TUSD Will Be Delisted By Binance And Converted Into Its Own Stablecoin.
Crypto

USDC, USDP, And TUSD Will Be Delisted By Binance And Converted Into Its Own Stablecoin.

Binance stated that it would stop trading spot pairs like as USDC, USDP, and TUSD on September 29. It also…

byakintundeSeptember 6, 2022September 6, 2022
Bitcoin Struggles To Remain Above $20,000 As Crypto Investor Loses $2 Million On OKex.
Crypto

Bitcoin Struggles To Remain Above $20,000 As Crypto Investor Loses $2 Million On OKex.

The narrowest range for Bitcoin trading since October 2020 occurred, with a range of just 5.4%. Nearly 40% of the…

byakintundeSeptember 6, 2022September 6, 2022
Nigeria Is Africa’s Largest Cryptocurrency Market, Despite The Restriction On Bank Transactions.
Crypto

Nigeria Is Africa’s Largest Cryptocurrency Market, Despite The Restriction On Bank Transactions.

The largest economy in Africa and one of the world’s top adopters of cryptocurrencies is Nigeria. In reality, this country…

byakintundeSeptember 5, 2022September 5, 2022
OpenSea Trading Volume Plunges By 99% In 90 Days.
Crypto

OpenSea Trading Volume Plunges By 99% In 90 Days.

OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in its daily trading volumes. Data from…

byakintundeAugust 30, 2022August 30, 2022
Forex Supply Falls Further To $54 Million As Exchange Rate Remains Stable.
Crypto

Forex Supply Falls Further To $54 Million As Exchange Rate Remains Stable.

Monday, 29th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the Investors and…

byakintundeAugust 30, 2022August 30, 2022
Bitcoin Dips Below $20,000.
Crypto

Bitcoin Dips Below $20,000.

Bitcoin dipped below $20,000, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin ,…

byakintundeAugust 29, 2022August 29, 2022
Bitcoin Drops To Lowest Level, Crypto Market Loses $70 Billion.
Crypto

Bitcoin Drops To Lowest Level, Crypto Market Loses $70 Billion.

As a result of Federal Reserve Chair, Jerome Powell’s comments that the U.S. central bank may continue hiking interest rate;…

byakintundeAugust 29, 2022August 29, 2022
Bitcoin Depot To List In The U.S. Through $885mln SPAC Deal.
Crypto

Bitcoin Depot To List In The U.S. Through $885mln SPAC Deal.

 Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition…

byayotilewaAugust 26, 2022February 8, 2023
Forex Inflows Drop 17% To $6.6bn.
Crypto

Forex Inflows Drop 17% To $6.6bn.

Aggregate foreign exchange inflows into the economy fell by 17.3 per cent to $6.58bn in April. The Central Bank of…

byakintundeAugust 25, 2022February 8, 2023
Hackers Stole $44billion From Cryptocurrencies Since June 2021.
Crypto

Hackers Stole $44billion From Cryptocurrencies Since June 2021.

Latest report from Acronis, a global leader in cyber protection, has revealed that cybercriminals are now focusing more on cryptocurrencies and…

byakintundeAugust 25, 2022August 25, 2022
Bitcoin Struggles At $21.5K Amid Weak Volatility.
Crypto

Bitcoin Struggles At $21.5K Amid Weak Volatility.

The anticipation of Federal Reserve Chair, Jerome Powell’s upcoming remarks about inflation; and the economy led to more cryptocurrency anxiety.…

byakintundeAugust 25, 2022August 25, 2022
Why Chiliz The Sports-Based Crypto Is Defying The Bearish Market.
Crypto

Why Chiliz The Sports-Based Crypto Is Defying The Bearish Market.

The price of Chiliz (CHZ) had increased by around 35% week-to-date (WTD), reaching $0.26 per token. As a result, the…

byakintundeAugust 25, 2022August 25, 2022
Nike, Gucci, Others Have Made $260 Million From NFT Sales In 2022.
Crypto

Nike, Gucci, Others Have Made $260 Million From NFT Sales In 2022.

Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales…

byakintundeAugust 24, 2022August 24, 2022
Aggregate FX Inflow Down 17.3% to $6.58bn On Decrease In Non-Oil Components.
BusinessCrypto

Aggregate FX Inflow Down 17.3% to $6.58bn On Decrease In Non-Oil Components.

The aggregate foreign exchange inflow into the Nigerian economy dropped by 17.3% to $6.58 billion in April 2022; compared with $7.95 billion in March, the…

byakintundeAugust 23, 2022February 8, 2023
FTX Reportedly Grew Its Revenue By Over 1,000% In 2021.
Crypto

FTX Reportedly Grew Its Revenue By Over 1,000% In 2021.

FTX, one of the largest cryptocurrency exchanges by transaction volume, has seen its revenue grow by 1,046% in 2021; from…

byakintundeAugust 22, 2022August 22, 2022
Ethereum Drops Below $1,600, Posts Weekly Loss Of Over 20%.
Crypto

Ethereum Drops Below $1,600, Posts Weekly Loss Of Over 20%.

The majority of popular digital assets declined during the course of the week, and by the weekend, market leaders; Ethereum and Bitcoin…

byakintundeAugust 22, 2022August 22, 2022
Bitcoin Up From Mid-August Lows Amid Growing Economic Uncertainty.
Crypto

Bitcoin Up From Mid-August Lows Amid Growing Economic Uncertainty.

As investors continued to mull over the most recent inflation figures and lingering macroeconomic uncertainties; most crypto assets breathed heavily…

byakintundeAugust 22, 2022August 22, 2022
Bitcoin Drops For Fourth Straight Day On US Fed’s Hawkish Stance.
Crypto

Bitcoin Drops For Fourth Straight Day On US Fed’s Hawkish Stance.

Bitcoin and many crypto assets fell for a fourth straight day as investors continued to be perplexed by recently released;…

byakintundeAugust 19, 2022August 19, 2022
Asset-Backed Stablecoin, HUSD, Loses Peg, Drops To $0.92.
Crypto

Asset-Backed Stablecoin, HUSD, Loses Peg, Drops To $0.92.

The HUSD stablecoin, which touts to be a “secure, reliable, and fiat-collateralized stablecoin, that combines the stability of the US dollar…

byakintundeAugust 19, 2022August 19, 2022
Memecoins Rally As Crypto Market Cools Off.
Crypto

Memecoins Rally As Crypto Market Cools Off.

Its “meme” rally in the cryptocurrency space as investors seem to be hungry to take on more risk given the…

byakintundeAugust 18, 2022August 18, 2022

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