Record Low Exchange Rate On December 19, the official exchange rate of the Nigerian currency, the naira, reached a record low of 1,248 naira for every US dollar. However, it managed to recover slightly and closed the day at 845 naira per greenback. This depreciation almost matched the rates offered on the parallel market for […]
Bitcoin's current price is situated within a 24-hour range of $43,412 to $44,243, reflecting short-term volatility. The leading cryptocurrency has seen a 1.1% decrease over the past day, though it maintains a 2% increase over the week and an impressive 19.6% rise over the last 30 days. Presently, technical indicators provide insights into Bitcoin's market
Bitcoin Technical Analysis: BTC Price Reflects Market Equilibrium and Consolidation Read More »
Introduction Bitmap Theory, a groundbreaking initiative launched in the summer of last year, is rapidly gaining traction in the digital space. Its primary objective is to integrate a metaverse, a digital realm, into the Bitcoin blockchain. Leveraging the innovative Ordinal inscription technology, Bitmap allows individuals to claim ownership of specific segments of the Bitcoin blockchain.
Bitmap Theory: Revolutionizing the Bitcoin Metaverse with a Valuation of $235 Million Read More »
Introduction In April 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). However, by January 2023, this amount had declined to $38.30 billion. Despite this initial setback, both TVL and the market valuation of the leading defi tokens have shown significant growth over the past year. Growth in TVL As 2023
Defi Witnesses Dramatic Recovery as TVL and Token Valuations Soar in 2023 Read More »
SEC Chairman Gary Gensler Highlights Crypto Non-Compliance The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings regarding cryptocurrency investments. He emphasized the prevalence of non-compliance in the crypto space, which undermines confidence and leaves many investors with no choice but to file for bankruptcy. Gensler's concerns arise as the market anticipates
SEC Chair Warns of Crypto Non-Compliance as Blackrock Plans BTC ETF Seed Read More »
Unveiling a Historic Decision On March 14, 2024, El Salvador's president-elect, Nayib Bukele, made a groundbreaking announcement that reverberated throughout the Bitcoin community. El Salvador confirmed the relocation of a significant portion of its Bitcoin holdings to a cold storage facility, securely housed within a vault within the country's borders. This strategic shift marks a
El Salvador’s Bold Move: Securing Bitcoin Reserves in Cold Storage Read More »
Self-Directed gold IRAs are great as they let you make investments in gold and other precious metals, without having to deal with any middlemen. These accounts are so simple , even your grandmother could use them! If you purchase physical silver, gold platinum, palladium and rhodium coins, bars, rounds and bullion, you’ll get immediate liquidity.
How to Invest in Gold and Silver – IRA Read More »
Arthur Hayes Predicts Banks Will Replace Tether and Other Stablecoin Companies Arthur Hayes, the former CEO of Bitmex and current CIO of Malestrom, a crypto-focused early-stage investment fund, has raised concerns about the future of Tether and other stablecoin companies. According to Hayes, big banks like JPMorgan will eventually cannibalize Tether's business model and dominate
The Future of Tether and Centralized Stablecoins: Arthur Hayes’ Warning Read More »
The Avalanche Foundation, a leading institution that supports avalanche initiatives, has recently announced its decision to venture into the world of meme coins. This strategic move involves investing in carefully selected meme coins using funds from the highly acclaimed $100 million Culture Catalyst fund, which was launched in 2022. The tokens will be chosen based
The Avalanche Foundation to Invest in Meme Coins Read More »
Whether you’re young, mid-career, or playing the back nine, Roth IRAs can be an important tool for your financial goals. Four case studies below will illustrate how by combining Roth IRAs with bitcoin, you can save for retirement, optimize for your personal tax situation during retirement, and leave your bitcoin for the next generation. Sally
Maximizing Retirement Savings with Bitcoin Roth IRAs: A Comprehensive Guide Read More »