Recently, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, launched a scathing attack against Binance, accusing the cryptocurrency exchange of manipulating exchange rates in Nigeria. He claimed that Binance was attempting to “hijack” the role of the Central Bank of Nigeria (CBN) and called for regulatory action to be taken against the platform.
Bitcoin, once soaring high at $52,000, now finds itself facing a hurdle in crossing this psychological barrier. Despite this setback, the overall sentiment in the market remains positive. Long-term holders of Bitcoin have been observed collectively selling 200,000 BTC from their stash since the beginning of the year. This selling trend has been consistent for
Arthur Hayes, the Bitcoin millionaire and former CEO of the BitMex crypto exchange, has recently launched a scathing attack on the Cardano network. In a recent interview with Coin Bureau, Hayes did not hold back in expressing his disdain for Cardano, likening it to a “low-quality copy of Ethereum.” According to Hayes, altcoins like Cardano
In the volatile world of cryptocurrencies, Ethereum, the second largest digital currency, has caught the attention of investors due to a bold prediction made by Michaël van de Poppe, CEO of MN Trading. Van de Poppe’s forecast suggests a significant climb for Ethereum, with a potential surge to the range of $3,800 to $4,500. This
Backpack, a crypto exchange established by former FTX executives, has recently extended its services to 11 US states. This move comes at a time when global crypto regulations are becoming increasingly stringent, prompting companies in the sector to adapt and expand their reach. CEO Armani Ferrante expressed his excitement about entering the US market, emphasizing
The VanEck Bitcoin exchange-traded fund (ETF) had an unexpected development on Tuesday, witnessing over $258 million in daily trading volume. This marked a 14-fold increase in just one day, surprising industry experts and analysts. Despite this achievement, VanEck’s ETF has struggled to keep up with the trading volumes seen in other popular ETFs like BlackRock,
The recent surge in the price of Ethereum (ETH) to over $3,000 has sparked excitement in the crypto community. However, Fred Krueger, a well-known Bitcoin ETF expert, has raised concerns about the disconnect between Ethereum’s valuation and its actual utility. Krueger pointed out that despite the high price of ETH, the number of active daily
In recent months, there has been a noticeable decrease in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior marks a significant change from the trend observed in mid-March 2020, when over 17% of Bitcoin’s total supply was housed on exchanges, a record high. Since then, the trend of declining exchange
Coinbase’s non-US exchange recently made history by surpassing $1 billion in daily trading volume on February 20th, according to a statement from Coinbase International Exchange. This achievement marks a significant milestone for the platform, with Coinbase CEO Brian Armstrong acknowledging that it was the first time the non-US unit had reached this impressive daily volume
The Hong Kong Monetary Authority (HKMA) recently introduced a set of regulatory standards on February 20 to govern the sale and distribution of tokenized financial products by authorized institutions. This move marks a significant step towards promoting innovation and safeguarding consumer interests in the rapidly evolving field of tokenization. The guidelines set forth by the