Stacks Spikes 25% In the Past 24 Hours: Here’s Why
STX the native token of layer-2 Bitcoin network Stacks, has seen a remarkable surge in its market value, rising nearly 25% on Monday, January 8. At the time of this report, STX trades at a notable two dollars, a peak not observed since January 7, 2022. Adding to this, the cryptocurrency’s trading volume has escalated […]
Bitcoin ETFs Faces Possible Rejection Says Matrixport Report
Renowned analysts and researchers are at odds regarding the SEC’s upcoming decision on a U.S.-listed Bitcoin spot ETF. Matrixport, a leading digital asset management firm, has published a research report outlining reasons why the U.S. regulator might reject the applications for a Bitcoin spot ETF in January. Reasons For Bitcoin ETF Possible Denial The Matrixport […]
Nigeria Central Bank Lifts Ban On Cryptocurrency Trading
In a groundbreaking shift, the Central Bank of Nigeria (CBN) has reversed its previous ban on cryptocurrency dealings, signalling a new era for Bitcoin and other digital currencies in Africa’s largest economy. This development, revealed in a circular on December 22 reversing the 2021 directive from the financial regulator that prohibited financial institutions from facilitating […]
Report Shows 61% of Bitcoin Controlled by Large Players: What’s the Fate of Smaller Investors?
A recent report by CryptoQuant shows that large players control 61% of all Bitcoin (BTC). The report analyzed the distribution of unspent transaction outputs by their value using the UTXO Value Bands indicator. The analysis found that mid-sized players, Dolphins and Sharks, with holdings of 100-500 BTC and 500-1000 BTC respectively, control 29.57% of the […]
Nigeria Leads Bitcoin P2P Volume After Hitting $400 Million as Ghana and Kenya Follow Closely.
Bitcoin adoption in Nigeria has taken another positive turn as peer-to-peer trading volume surpassed $1 billion between January 2022 and June 2022. This development ranks the West African country as one of the fastest-growing crypto markets in Sub-Saharan Africa. According to Paxful, a leading P2P crypto exchange platform, Nigeria recorded a trading volume of $400 […]
Weak Address Growth Suggests That Bitcoin’s Price Will Fall Below $25,000
According to the most recent data, Bitcoin (BTC) is staging a repeat of its May price action. As the dust settles on a 6% drop in BTC/USD, some argue that its ascension to $25,000 was never meant to last. The Realized Price Has Returned to Haunt the Btc Chart The latest snap losses for BTC […]
Kraken CEO Says He Will Never Bet Against Bitcoin
Jesse Powell, CEO of the leading American cryptocurrency exchange Kraken, told Bloomberg recently that he would never bet against Bitcoin (BTC), the world’s first and largest digital currency, after his previous prediction last year failed. During the 2021 boom market, when BTC peaked at $69 000 per coin, Powell predicted that one bitcoin could buy […]
As BTC drops 5% from its peak, here are the price levels to keep an eye on
After $25,000 proves to be too much for Bitcoin bulls, familiar support zones are once again in the spotlight. On August 12, Bitcoin (BTC) started to decline as a widely anticipated decline from two-month highs started to materialise. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fear that there may be a further fall? Prior to […]
Iran Accepts Imports With Crypto As Payment.
According to a local source, crypto could be part of international trade as Iran recently completed its first-crypto-funded import order. While the report did not state which cryptocurrency was used, the transaction went for $10 million. This development allows the middle-eastern country to use digital assets to make international transitions without relying on the dollar-dominated […]
Nigeria Tops the List as Most Cryptocurrency-Obsessed Nation Despite Market Crash
When the Central Bank of Nigeria clamped down on cryptocurrencies in 2021, many would have thought that would be the end of crypto adoption in the country. However, the fifth most populous nation worldwide remains highly interested in cryptocurrency, despite the ban and crash of the market in April. The market crash led to a […]