Stacks Spikes 25% In the Past 24 Hours: Here’s Why

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

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

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 […]

Kraken CEO Says He Will Never Bet Against Bitcoin

Kraken

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

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.

Crypto

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

Bitcoin

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 […]