Despite Ethereum’s recent 20% price correction over the past week, investor sentiment remains bullish, buoyed by futures data suggesting continued faith in the cryptocurrency’s long-term trajectory. Ether’s price soared to near $4,100 in early March, marking a significant 20% increase before encountering resistance and undergoing a subsequent correction. The cryptocurrency tested the $3,200 support level […]
Bitcoin (BTC) experienced its most significant single-day loss since November 2022, plummeting over 8% on Tuesday. This sharp decline, according to Farside, coincided with record outflows from spot exchange-traded funds (ETFs), exacerbating the cryptocurrency’s downward spiral. The recent price decline has been driven by various factors, including significant outflows from spot exchange-traded funds (ETFs), as […]
According to a recent bulletin from crypto research firm Kaiko, the liquidity gap in the crypto market, known as the “Alameda Gap,” has nearly vanished as market liquidity rebounds to pre-collapse levels. This recovery comes after a prolonged period of decreased liquidity following the shutdown of FTX and Alameda Research in November 2022. Recovery to […]
Standard Chartered, a British multinational bank, has raised its bullish outlook on Bitcoin. It is forecasting the cryptocurrency to hit a staggering $150,000 in value by the end of this year. Analysts from the bank attribute this optimistic projection to the continued success of Bitcoin exchange-traded funds (ETFs). This has witnessed significant inflows from traditional […]
In a significant development amid Nigeria’s crackdown on the crypto industry, a Federal court has ordered Binance to furnish the country’s Economic and Financial Crimes Commission (EFCC) with detailed data on all Nigerian users trading on its platform. “The applicant’s application dated and filed February 29, 2024, is hereby granted as prayed. That an order […]
In a bid to simplify tax reporting for cryptocurrency users, CoinLedger has joined forces with MetaMask. The partnership, announced on March 18, aims to enhance interoperability and functionality for MetaMask users by enabling them to export their tax information into CoinLedger with just a single click. With this collaboration, MetaMask users can seamlessly load their […]
In a significant move within the cryptocurrency space, Bitget Wallet has unveiled plans to introduce its native token, BWB. This comes one year after securing a substantial $30 million investment from crypto exchange Bitget. This development comes after the wallet underwent a rebranding initiative. It is a transition from its former identity as Cross-chain wallet […]
The World Economic Forum (WEF) reports a notable trend among manufacturing firms in the United States. A growing number turning their attention to the industrial metaverse as a solution to complex production challenges. According to the WEF, industries such as automotive, energy, software, aerospace, and defense are spearheading investment in this emerging technology. Exploring Metaverse […]
Vanguard CEO Tim Buckley remains resolute in his opposition to Bitcoin exchange-traded funds. This is mounting pressure from customers and inquiries regarding the firm’s stance. Despite competitors offering such products, Buckley maintains skepticism about including Bitcoin ETFs in long-term retirement portfolios, citing the asset’s volatile nature. Cautionary Tone from Vanguard In a recent video published […]
Nigeria’s Securities and Exchange Commission (SEC) has stirred controversy with its proposal to increase registration fees for crypto exchanges. The amendment suggests a substantial hike from 30 million naira ($18,620) to 150 million naira ($93,000). Accordingly, this attributed to recent engagements with the Central Bank of Nigeria (CBN). Fee Surge and Industry Response Under the […]