Author: NBTC
Nigeria has taken a significant step towards regulating cryptocurrencies with the signing of the Nigerian Investments and Securities Act (ISA) 2025 into law. Cryptocurrency Officially Recognized As Asset Class The Nigerian Investments and Securities Act (ISA) 2025, recently signed into law by President Bola Ahmed Tinubu, has effectively ended the uncertainty surrounding the status of cryptocurrencies. According to Ophi Rume, a local crypto advocate and educator, the amended securities law “officially” recognizes cryptocurrencies as an asset class. This recognition not only ends the uncertainty around cryptocurrencies but also means they are no longer banned assets. Furthermore, Rume said, law enforcement…
The leading cryptocurrency Bitcoin (BTC) has experienced major price increases since early 2023. While BTC rose above $108,000 during this rise, its upward momentum has decreased recently. Bitcoin’s ongoing price consolidation between $90,000 and $100,000 is the third consolidation of the broader bull run that started at $20,000, with the general expectation that this consolidation will end with a bull breakout similar to the one in mid-2024 and 2023. However, analysts said three developments suggest that Bitcoin’s bullish momentum is weakening. USD Liquidity Shortage! At this point, it was stated that the first development was that USD liquidity began to…
Key Takeaways CALICOIN, a Solana-based meme token, reached a $30 million market cap within hours of its launch. The token was created by Nathan Copeland, a brain-computer interface pioneer with notable achievements in digital art and BCI research. CaliCoin (CALICOIN), a new Solana-based meme token created by a brain-computer interface pioneer, achieved $30 million market capitalization within two hours of its launch, according to data from GeckoTerminal. CaliCoin was created by Nathan Copeland, who has been living with quadriplegia following a car accident in 2004. The life-changing event led him to become involved in brain-computer interface (BCI) research. The 38-year-old…
A member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the ability of state residents to use cryptocurrencies as a means of payment. First introduced by Democrat Senator Laura Richardson on February 20 as the Money Transmission Act, the bill had been concerned primarily with requiring digital wallet providers operating in California to “take certain actions” to ensure the security of their products, including the use of two-factor authentication. Introduced on Friday, the new amendment from Democrat assembly member Avelino Valencia renames the bill as the Digital Assets Act,…
As Bitcoin’s price holds below $100,000, experts warn that the time may not be right for new long trades. Bitcoin (BTC) is still above $100,000, but signs of a slowdown are showing, and analysts warn it might be too early for long positions. Despite Bitcoin’s recent jump past $102,000 after dipping to $91,229 on Feb. 3, the Relative Strength Index has been consolidating. “Bitcoin has historically presented strong buying opportunities only when the RSI dropped to around 40%,” analysts at blockchain firm Matrixport wrote in a Feb. 5 research note. As of press time, the RSI sits at 48%. The…
Ondo Finance revealed an update to its real-world asset (RWA) tokenization platform, Ondo Global Markets (Ondo GM). The company aims to revolutionize access to stocks, bonds, and ETFs (exchange-traded funds) by bringing them on-chain. This mirrors the liquidity and accessibility that stablecoins have provided for fiat currencies. Ondo Finance Unveils Ondo GM In a statement shared on X (formerly Twitter), Ondo Finance emphasized that the traditional investment ecosystem is riddled with inefficiencies. It cited high fees, limited access, transfer frictions, and hidden risks, which have hindered market participation and innovation for decades. With Ondo GM, the company seeks to address…
Many Indians trading on the world’s largest crypto exchange, Binance, have come under the glare of tax authorities. As reported by The Economic Times, the Income Tax (I-T) department has been investigating whether the 1% Tax Deducted at Source (TDS) levied on such transactions has been properly collected. Over the past few weeks, local investors have received notices from the tax office, requiring them to either provide proof of TDS deduction or submit documentary evidence explaining why TDS is not applicable to their transactions. Under the 2022 budget provisions, income from cryptocurrencies is taxed at 30%, along with a 1%…
With Bitcoin struggling to sustain above the $100k mark, will the surge in ETFs inflow pump BTC price to $103k? As the crypto market desperately needs a bullish recovery, Bitcoin aims to reclaim the $100,000 mark for the seventh time in the past few months. Currently, BTC trades at a market price of $97,850, with a pullback of 4.24% over the past seven days. As Bitcoin struggles to overcome the sudden rise in bearishness, there is a gradual improvement in institutional support, fueling hopes of a new rally in the crypto market. Bitcoin Price Analysis Signals Recovery Ahead In the…
Cardano Foundation solved complex Catalyst voting challenges by linking multiple stake keys to one voting key for its 180 million ADA stake. The Foundation created an innovative voting registration method using community-developed tools. The Cardano Foundation has successfully developed an innovative approach to Project Catalyst voting, addressing complex operational challenges while maintaining robust security protocols in blockchain governance. Project Catalyst Fund 13 brought forth a new technical solution from the Cardano Foundation that enables combining various stake keys through a single voting key system. The Foundation developed this strategic management solution to manage its major ADA ownership and security standards…
The U.S.’ crypto-friendly stance could increase the level of risk in financial markets by deepening the connections between traditional finance (TradFi) and the digital asset economy, according to regulator the European Securities and Markets Authority. “This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors,” a spokesperson for the European Union’s financial markets regulator said in an interview. “This would in turn increase interconnectedness and, failing relevant safeguards, risks of negative spillover effects between crypto and traditional markets.” Since becoming president on Jan. 20, Donald Trump has ordered his administration to set up a bitcoin reserve…