Recently, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, made strong accusations against Binance, a cryptocurrency exchange platform. He claimed that Binance was “blatantly setting exchange rates for Nigeria, hijacking CBN role.” Onanuga urged the EFCC and CBN to take action against platforms like Binance that he believes are manipulating the national currency.
Crypto
VanEck’s Bitcoin exchange-traded fund (ETF) experienced a significant and unexpected surge in daily trading volume, reaching $258 million in a single day. This marks a 14-fold increase from its previous daily trading volume of $25.5 million. Despite this achievement, VanEck’s ETF has struggled to keep up with the trading volumes seen in other ETFs such
In recent years, there has been a noticeable decline in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior marks a significant departure from the trend observed in mid-March 2020 when over 17% of Bitcoin’s total supply was housed on exchanges, representing a record high. Despite Bitcoin’s 2021 bull run, which
The recent surge in Ethereum’s price has sparked renewed interest in the crypto community, but Fred Krueger, an experienced Bitcoin ETF specialist, has raised doubts about the validity of this valuation. Krueger’s analysis points to a troubling trend in the usage of the Ethereum blockchain, highlighting a significant drop in daily active users from 120K
The world of cryptocurrencies is ever-changing and full of excitement, especially in the case of Ethereum, the second-largest digital currency. With CEO Michaël van de Poppe’s bold prediction of Ethereum potentially surging to $3,800 to $4,500, investors are buzzing with enthusiasm. This optimistic forecast comes at a time when Ethereum’s current valuation stands at around
Coinbase’s non-US exchange achieved a significant milestone on February 20th, with daily trading volume exceeding $1 billion. This marked the first time that the international exchange reached this impressive volume mark. Coinbase CEO, Brian Armstrong, expressed his satisfaction with this achievement and highlighted the continuous growth of the platform. As reported by Coinbase International Exchange,
Bernstein, a global asset management firm, recently expressed confidence in the approval of an Ethereum Spot ETF by the US Securities and Exchange Commission (SEC). The analysts at Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum has a strong chance of being the second digital asset after Bitcoin to receive a Spot ETF approval
Wall Street Memes has recently implemented a major new burn mechanism that has set ablaze 5% of the $WSM token supply. This move marks the beginning of an exciting deflationary force in the dynamics of the $WSM token. Originally, developers had planned for a 10% buyback of Net Gaming Revenue, but they have now shifted
Renowned crypto analyst Michaël van de Poppe has made a bullish prediction for Ethereum, suggesting that it could soar to $4,500. Van de Poppe believes Ethereum is soaking up Bitcoin’s upward momentum as investment capital shifts to ETH. According to the analyst, this is a “massive period to be rotating from Bitcoin towards Ethereum.” The
Cryptocurrency enthusiasts were in for a rude awakening when news broke about a fake Rabby Wallet app infiltrating the iOS App Store. What was supposed to be an exciting launch of the beta version of Rabby Wallet’s mobile app turned into a nightmare for many users. Reports started surfacing about individuals losing their entire crypto