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Following the Central Bank of Nigeria’s (CBN) recent decision to lift restrictions on Nigerian banks facilitating cryptocurrency transactions, the crypto landscape in Nigeria is bracing for a significant shift. Nathaniel Luz, co-founder and CMO of Flincap, emphasized the need for institutional exchanges to prepare for the emerging opportunities in the Nigerian market. The ban, initially

Bitcoin (BTC) encountered a slight dip, trading at $43,623 with a 0.83% decrease on Saturday, marking a dynamic turn of events in the cryptocurrency realm. This dip coincided with a surge in stock prices and a decline in the value of the US dollar, aligning with the approaching long holiday weekend. Simultaneously, in a significant

The Central Bank of Nigeria (CBN) has lifted its ban on dealing with companies involved in digital tokens, instructing lenders to open accounts for crypto firms, according to a report by BusinessDay. This marks a significant reversal of the ban imposed by the CBN in February 2021. The decision comes in the wake of new

Arthur Hayes, the co-founder of BitMEX, has announced a strategic move in the cryptocurrency market, revealing that he has sold his Solana (SOL) holdings and increased his Ethereum (ETH) position, citing inspiration from a higher source. In a post on X (formerly Twitter), Hayes shared that he received a divine message advising him to divest

Bitcoin traders find themselves at a critical juncture as the cryptocurrency hovers around $44,000 in anticipation of the much-anticipated decision on the United States’ first Bitcoin spot price exchange-traded fund (ETF), expected by January 10. Analysts are divided on whether a correction is imminent, with some asserting its necessity for the health of Bitcoin’s overall

Ark Invest, a prominent participant in the ongoing application process for a spot Bitcoin exchange-traded fund (ETF) in the United States, has persistently divested its holdings of Coinbase stock, marking a notable trend with its recent substantial sale of shares totaling $24.2 million. Cathie Wood’s Ark Invest executed the sale of an additional 149,780 Coinbase

Grayscale CEO Michael Sonnenshein’s optimistic outlook on the cryptocurrency market, contingent on the potential approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) by the SEC, signals a transformative shift in the investment landscape. Sonnenshein’s sentiments are grounded in the belief that such an approval could catalyze substantial institutional participation, especially within the advisory market

BlackRock, the largest asset manager globally, is making strides in its pursuit of a spot Bitcoin exchange-traded fund (ETF). In a promising development for the potential approval of such an ETF, BlackRock held its second meeting with the United States Securities and Exchange Commission (SEC) in December to discuss the proposed Bitcoin ETF. BlackRock’s Head

In the week that just passed, Bitcoin (BTC) witnessed a notable shift in its price trajectory, marking the first instance of a weekly decrease following eight consecutive weeks of upward momentum. Analysts, like Matteo Greco, a research analyst at a publicly listed digital asset and fintech investment firm, interpret this dip as a strategic move