The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency industry bets he’ll take action soon after returning to the White House. Once a skeptic who said a few years ago that bitcoin “seems like a scam,”Continue Reading
Bitcoin broke a new high of $71,415, three days after Ether breached the $4,000 mark for the first time since 2021. Bitcoin reached a new all-time high of $71,415 on March 11, after rising 2.62% in the 24 hours leading up to 08:05 am UTC. The world’s first cryptocurrency ralliedContinue Reading
Nigerian authorities have reportedly detained two senior executives at Binance in a bid to clamp down on naira speculation. As reported by the Financial Times (FT), Binance’s two senior executives have been arrested upon arrival to Nigeria by the Office of the National Security Adviser after the country imposed a ban onContinue Reading
Digital payments giant Visa finally dipped its toes in the cryptocurrency world as it announced that it is currently testing stablecoin settlements on its platform. The information came directly from Visa’s head of the crypto division Cuy Sheffield who confirmed the company’s move at the StarkWare Sessions 2023. Currently, theContinue Reading
The most populous nation on the African continent, Nigeria, has finally officially revealed that it intends to publish a legislative framework that would regulate stablecoins and initial coin offerings (ICOs), a recent report from the country’s central bank shows. Given that stablecoins have a good chance of becoming a successful payment method inContinue Reading
The proposed partnership aims to build a crypto-friendly digital city similar to the virtual free zone in Dubai. The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses. According to a Friday post from the NigeriaContinue Reading
The Chinese government’s long-running battle against crypto took a drastic turn earlier today when the country’s central bank said all cryptocurrency-related transactions are illegal and must be banned. The announcement has seen the price of BTC plummet from $45,200 to $42,675 in the space of two hours. The People’s BankContinue Reading