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Record Low Exchange Rate and Recovery The official exchange rate of the Nigerian currency, the naira, recently hit a record low of 1,248 naira for every U.S. dollar. However, it recovered slightly to close the day at 845 naira for every greenback. This plunge in the exchange rate almost matched the rates offered on the […]

Coinbase Registered in France Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on Thursday that it has obtained a virtual asset service provider (VASP) registration in France. The company shared the news on the social media platform X, stating, "Bonjour la France. We've received approval in France as a registered VASP. This is an important market for

Introduction Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, has raised concerns about the potential impact of an upcoming spot bitcoin ETF on the future of bitcoin. Hayes suggests that the popularity of these ETF derivatives could lead to a concentration of bitcoin custody in the hands of a few entities, ultimately forcing

Solana's Market Triumph On Saturday, Solana's token, SOL, reached a significant milestone by surpassing the $100 mark against the U.S. dollar. This achievement comes after a week of remarkable growth, with SOL's value increasing by over 36%. Investor sentiment towards SOL has remained overwhelmingly positive throughout the year, and the recent conviction of ex-FTX chief

The Bitmap Theory initiative, launched just last summer, is quickly gaining momentum. Its goal is to integrate a digital realm, commonly known as the metaverse, within the Bitcoin blockchain. Through the innovative use of Ordinal inscription technology, Bitmap allows individuals to claim ownership of segments of the Bitcoin blockchain. Currently, Bitmap has a market capitalization

Revolutionizing the American Shopping Experience Satsback Labs, the company behind the successful European Bitcoin-back shopping rewards platform, Satsback.com, is expanding its services to the United States market, as announced in a recent press release shared with Bitcoin Magazine. With a strong network of over 500 online partners already in place, Satsback.com aims to transform how

Introduction In a recent interview with Fox News, Harry Dent, a well-known economist, issued a dire prediction for the global economy. He anticipates that 2024 will be the year of the most significant financial crash in living memory. Dent's analysis, based on overvalued markets, excessive stimulus spending, and artificial inflation of asset prices, paints a

Introduction In recent times, the smart contract platform tokens Solana (SOL) and Avalanche (AVAX) have been gaining momentum and narrowing the gap with the leading smart contract platform, Ethereum (ETH). This article explores the remarkable comeback of SOL and AVAX in the crypto market. A Strong Comeback After experiencing significant declines against the U.S. dollar

Embrace Year-End Tax Strategy With Charitable Giving Twist As the year comes to a close, cryptocurrency investors have the opportunity to maximize their tax benefits by combining tax-loss harvesting with charitable donations. This strategic approach not only allows investors to optimize their tax positions but also supports worthy causes through philanthropic giving. Merging Tax-Loss Harvesting

Sygnum’s Institutional Investor Survey An institutional investor survey conducted by digital asset bank Sygnum reveals a remarkable shift in sentiment towards cryptocurrencies, with over 80% of respondents now acknowledging the important role crypto plays in the global financial industry. According to the bank’s digital asset research manager, crypto is rapidly transforming the economic landscape and