The Central Bank of Nigeria (CBN) recently announced that it had removed the foreign exchange restrictions on the importation of 43 items. The bank initially imposed these restrictions in 2015. The CBN believes that the restrictions might have contributed to the depreciation of the naira in the parallel foreign exchange market. Streamlining the Naira's Multiple […]
Reformation of Forex Regulations in Nigeria Read More »
Emerging data uncovers a significant contraction in the meme coin market, with a staggering $3 billion loss in value since the onset of 2023. This decline is led by the market cap frontrunner in the meme coin arena, Dogecoin (DOGE), which has registered a downturn of $2.46 billion since January. Shiba Inu (SHIB), another prominent
Unraveling the Downslide of Meme Coin Market in 2023: An Analysis Read More »
Coinkite, a leading name in the bitcoin industry, recently unveiled their newest product, Satslink. This under-production gadget ingeniously intersects multiple areas of communication and mobile technology, providing developers with the power to design a myriad of unique applications. Unlocking Endless Possibilities for Developers Unlike other products that rely on a predetermined framework, Satslink utilizes open,
Introducing Satslink: The Versatile Bitcoin Device by Coinkite Read More »
The bankruptcy proceedings of the defunct exchange, FTX, have revealed a significant development. Records show the trustees overseeing the bankruptcy have staked an impressive 5.5 million solana (SOL) tokens. The total value of FTX's solana holdings currently stands at a staggering $1.16 billion. It is important to note that a large chunk of these assets
FTX Trustees’ Significant Stake in Solana Amid Bankruptcy Proceedings Read More »
Over the past weekend, the cryptocurrency market saw a considerable uptick, with Shiba Inu and Solana making notable strides. Shiba Inu experienced a rise of about 4% on Saturday, reaching its highest point since the previous Monday. Simultaneously, Solana saw significant movement, pushing past the $22.00 mark. The Ascent of Shiba Inu (SHIB) Shiba Inu
The Recent Upsurge of Shiba Inu and Solana in the Crypto Market Read More »
Grayscale's Bitcoin Trust, also recognized as GBTC, has recently experienced a remarkable transformation in its market dynamics. As of January 2023, GBTC was trading at a substantial 48.31% discount to its net asset value (NAV). However, this gap has now contracted to 16.59%, reflecting shifts in market sentiments and having potential repercussions for investors. GBTC's
Grayscale’s Bitcoin Trust Sees a Decline in its NAV Discount to 16.59% Read More »
The market scenario for stablecoins has not shown considerable growth over the past two months, with the total market cap barely surpassing $123 billion by the third week of October. The global crypto economy currently sees 22.96% of its trading volume in stablecoin transactions, a significant decrease compared to 74% just the day before. This
Unsteady Currents in the Stablecoin Market: An Analysis of Recent Developments Read More »
The Reserve Bank of India (RBI) is broadening its horizons in the digital currency arena. It is now piloting a second use case for its Central Bank Digital Currency (CBDC), this time concentrating on the call money market. The RBI has future plans to broaden the scope of its e-rupee trials to encapsulate the whole
The Reserve Bank of India Explores Further Use Cases of CBDC in the Wholesale Segment Read More »
Marking a significant turn of events, the U.S. Securities and Exchange Commission (SEC), the primary governing body for securities in the United States, has opted not to contest a recent court ruling favoring Grayscale Investments' plans to convert its Bitcoin product into an Exchange-Traded Fund (ETF). This information comes from a confidential source and was
The Turning Tide: SEC’s Stance on Grayscale’s Bitcoin ETF Conversion Read More »
In an unpredictable start to the week, popular cryptocurrencies Shiba Inu and XRP take a noticeable hit. As market participants gravitate towards safer commodities, the digital currency environment reflects increased volatility. The Downturn of Shiba Inu (SHIB) Monday witnessed the descent of Shiba Inu (SHIB) to its lowest in several months, amid the backdrop of
Crypto Turbulence: Shiba Inu and XRP Experience Substantial Declines Read More »