The Central Bank of Nigeria (CBN) has made a significant policy change by removing caps on naira payout rates for international money transfer operators (IMTOs). This move, announced on January 31, is part of the CBN's efforts to further liberalize the foreign exchange market. Policy Adjustment for IMTOs Prior to this policy adjustment, IMTOs were […]
The Central Bank of Nigeria Removes Caps on Naira Payout Rates Read More »
The Central Bank of Egypt (CBE) is taking further steps to stabilize the country's teetering economy by planning a treasury bill (TB) auction worth $1 billion. This move comes just a month after the CBE raised $850 million through a similar auction. The aim of these auctions is to ease pressure on Egypt's foreign exchange
Egypt’s Efforts to Stabilize Economy: $1 Billion Treasury Bill Auction Read More »
Introduction The Hong Kong Securities and Futures Commission (SFC) has recently emphasized the significance of using approved virtual asset trading platforms (VATP) for crypto investors in the region. The SFC has urged investors to verify the regulatory status of VATPs before engaging in any transactions to ensure their funds are protected and secure. Prior Warning
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The Shift in Market Sentiment Bitcoin has taken the world by storm, with social media conversations and mainstream media coverage all focusing on this digital currency. People who were once unfamiliar with Bitcoin are now seeking advice on how to buy and accumulate it. This shift in market sentiment indicates a growing interest in Bitcoin
The Rise of Bitcoin: A Guide for New Investors Read More »
Introduction Vast Bank, a financial institution based in Oklahoma, United States, has made the decision to close its cryptocurrency mobile app and exit the digital asset market. This move comes in response to a consent order issued by the Office of the Comptroller of the Currency (OCC). The bank's decision to discontinue its cryptocurrency services
Vast Bank Shuts Down Cryptocurrency App and Exits Digital Asset Market Read More »
Introduction ARK Invest's CEO Cathie Wood has observed a notable change in investment preferences, with an increasing number of investors favoring bitcoin over traditional gold investments. This shift has become more pronounced following the introduction of spot bitcoin exchange-traded funds (ETFs), which offer investors a more convenient way to access the cryptocurrency. Investors Shifting from
Blackrock's Ishares Bitcoin Trust (IBIT) Gains Momentum in ETF Market Blackrock's Ishares Bitcoin Trust (IBIT) has quickly risen to the forefront of the exchange-traded funds (ETFs) market, ranking among the top five in terms of 2024 inflows within just 17 days. This impressive growth highlights the increasing investor interest in cryptocurrency as a legitimate asset
Blackrock’s Bitcoin ETF Soars to Top Five in 2024 ETF Inflows After Just 17 Days Read More »
Bitcoin's Price and Recent Growth Bitcoin has demonstrated resilience in the face of market fluctuations, maintaining a price range of $42,902 to $43,091 in the last hour. Over the past 24 hours, there has been a modest uptick of 0.4%. In the past week, Bitcoin has seen a growth of 0.7%, and over the past
Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market Read More »
Quantum Cats Floor Values Reach New Heights Taproot Wizards' Quantum Cats non-fungible token (NFT) series has seen a significant increase in trading volume and minimum value on the secondary market since its launch. Initially priced at 0.1 bitcoin per NFT, the lowest value of Quantum Cats now hovers around 0.303 bitcoin or $13,062. Just 48
Quantum Cats NFT Collection Surges in Value, Dominating Secondary Market Trade Volume Read More »
Investment Firm Paradigm Backs Kalshi in Legal Dispute with CFTC Investment firm Paradigm has thrown its support behind prediction market platform Kalshi in its ongoing legal dispute with the Commodity Futures Trading Commission (CFTC). The disagreement stems from the CFTC's rejection of Kalshi's proposed market, which would allow participants to speculate on the outcome of
Paradigm Supports Kalshi’s Election Prediction Platform in Legal Battle Against CFTC Read More »