Author: NBTC
African crypto platform Quidax announced Tuesday that it is the first in Nigeria to receive a provisional operating license as a digital assets exchange from national regulators. It’s a significant step in the direction of crypto acceptance from the government, where both the Nigerian SEC and central bank have a history of hostility toward the industry. “The granting of the crypto exchange license shows that the government is open to innovation and aims to build trust in the budding crypto ecosystem,” Quidax co-founder and CEO Buchi Okoro told Decrypt. Okoro said that the SEC’s latest action isn’t so much a…
Life embodies evolution, change, adaptation, and the willingness to thrive. Throughout history, we have experienced numerous changes that have forced society to evolve, adapt, and grow. From the inception of trading to the COVID-19 pandemic and beyond, we have witnessed events that have transformed the world. One of the most important and influential sectors in the world is finance. The world of finance has been shaped by pivotal events that have impacted economies, influenced policies, and altered the course of global markets. One of the most exceptional developments in the past 15 years is the invention of Bitcoin and the…
Bitcoin price trades broadly stable, extending its consolidation between $57,000 and $62,000, and momentum indicators suggest an impending bearish trend. Data Nerd data shows Galaxy Digital withdrew on Monday 400 BTC worth $23.4 million from Binance on Monday. On-chain data shows miners’ selling activity is decreasing. Bitcoin (BTC) trades around $58,000 on Monday, down 0.7% on the day and extending the consolidation phase between $57,000 and $62,000 seen in the past ten days. From a technical perspective, the bearish thesis still prevails as BTC struggles to overcome key resistance levels and momentum indicators look weak. Still, investors’ behavior and data…
Celebrities may seem like they have the world at their feet—but like the rest of us, they’re at the mercy of centralized gatekeepers, in their case the social media platforms that connect them with their fans. Those platforms can cut creators off from their audiences at a stroke, explained Andras Kristof, CEO of “unstoppable communities” platform Galaxis. “If YouTube gives you three strikes because their AI mistakes something, or for any reason, the owner of a platform decides that he doesn’t like you, you’re cut off from the community you built on that platform,” he said. Web3 offers creators the…
Analytics account @lookonchain on the X social media network has published fresh data, delivering an update on spot Bitcoin and Ethereum ETFs for Friday, August 23. According to the figures revealed by the above-mentioned data source, Fidelity outpaced BlackRock in terms of Ethereum inflows on that day. BlackRock loses leadership to Fidelity Lookonchain reported that on Friday, the netflow into nine spot Ethereum ETFs was negative as it constituted -4,972 ETH. That was the fault of Grayscale, whose Ethereum Trust faced massive outflows of 11,885 ETH worth $31.61 million. Currently this ETF fund contains a massive Ethereum chunk of 1,830,266…
Former Binance CEO Changpeng Zhao (CZ) has been moved from his prison to the RRM Long Beach halfway house in California and has not been freed, despite claims from excited X (formerly Twitter) users. CZ was initially being held at FCI Lompoc II prison, also in California. However, the federal inmate tracker was updated this week to reveal he has been moved to Long Beach. RRM Long Beach is classed as a ‘residential reentry management (RRM) field office,’ otherwise known as a ‘halfway house.’ Federal inmate communications provider InmateAID says it is a housing unit that assists inmates nearing their…
Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly after the news. The Robinhood Wallet, a self-custody wallet app available on iOS and Android, has added support for Solana (SOL). Robinhood announced the big news on August 27, providing a positive flip in Solana sentiment as prices hovered near $155. SOL price rose slightly on the news before retreating as the broader market struggled. With support for SOL and Solana-based tokens, the wallet has added a new gateway to web3 for cryptocurrency’s fifth-largest asset by market cap. It’s also a…
The crypto community is abuzz with speculation following a surprising tweet from renowned Bitcoin critic Peter Schiff. In a recent tweet, Schiff recounted an unexpected meeting with David Bailey, CEO of Bitcoin Magazine, at a pool party in Puerto Rico. The two discussed the idea of Schiff speaking at the next major Bitcoin conference, scheduled to take place in Las Vegas in May 2025. Ran into @DavidFBailey of @BitcoinMagazine at a pool party in Puerto Rico. We talked about my speaking at his next big #Bitcoin conference in Las Vegas in May 2025. I wonder if Bitcoin will still be…
Ethereum founder Vitalik Buterin has shared his view on how verification for transactions on Layer 2 is executed. According to Buterin, Ether L2 inherits L1 security, meaning, assets on the L2 are safe and can be withdrawn as long as the L1 is secure. Yeah this is not a rollup. “inherits L1 security” is not just a hash link, it’s a claim that assets on the L2 are safe and can be withdrawn as long as the L1 is secure, even if 99% of the L2 nodes are malicious and colluding against you. — vitalik.eth (@VitalikButerin) August 23, 2024 This…
Andreas Szakacs, a co-founder of OmegaPro, alleged to be a cryptocurrency-related scam, was arrested in Turkey in July, Turkish media reported. Turkish authorities seized cold wallets and computers and tracked $160 million of cryptocurrency movements, the reports said. Andreas Szakacs, a co-founder of OmegaPro, was arrested in Turkey in July for his involvement with the company alleged to have scammed investors of $4 billion in a cryptocurrency Ponzi scheme, Turkish media reported Thursday. Szakacs, a Swede, changed his name to Emre Avci after becoming a citizen of the country, Turkey Today said. He rejected the accusations and said he worked…