Author name: Peter

Introduction In a compelling tale of persistence and financial prudence, a Reddit user by the name of u/Gorillahair2000 embarked on a unique investment experiment to showcase the potential rewards of consistently investing small amounts into Bitcoin. This experiment aimed to determine whether allocating just $5 per day into Bitcoin would yield worthwhile returns. Over the […]

Bitcoin Exodus: Over $2 Billion in BTC Withdrawn from Exchanges in 90 Days In the past 90 days, trading platforms have seen a significant decrease in the number of bitcoins available for trading. Approximately 60,000 bitcoins, valued at just over $2 billion, have been removed from these exchanges. Currently, the total number of bitcoins on

Altcoins Garnering Attention from South Korean Investors A recent report reveals that South Korean cryptocurrency traders have a higher inclination towards investing in high-risk altcoins, compared to their American counterparts. The study indicates that the trading volumes of major cryptocurrencies such as bitcoin and ethereum on the largest Korean exchange are significantly smaller than those

Mounting Fears of US Recession The S&P 500, a key U.S. equities index, has experienced a decline of just over 10% from its peak on July 31. This drop has been driven by concerns about the U.S. economy heading towards a recession. Experts have even referred to this decline as the first correction since the

FDUSD: A Stablecoin on the Rise In just 85 days, the stablecoin FDUSD has experienced a remarkable surge in its circulating supply, increasing by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization and has also seen a significant expansion in its market volume share.

Nigeria Contemplates Outlawing Forex Parallel Market Nigeria is taking steps to expand its official currency market to include "legitimate" participants, such as bureaux de change and financial technology companies. Taiwo Oyedele, a member of President Bola Tinubu's committee on fiscal policy and tax reforms, revealed this plan during the Nigerian Economic Summit. Additionally, the government