Tuesday, April 30, 2024
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Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’ – Economics Bitcoin News

Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Naira Exchange Rate Must Reflect Realities of Market Consequently, Vice President Osinbajo says he wants the Central

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Bitcoin Is the Most Illiquid It’s Ever Been: 12 Numbers That Tell the Current Story of Markets

This episode is sponsored by NYDIG.Download this episodeNLW looks at the current state of crypto markets through numbers, including:Bitcoin illiquid supplyLightning Network capacityEvergrande’s debtThe total value of CryptoPunksAnd moreSee also: Twitter Adding Bitcoin Tipping Feature, Pushes Further Into NFTs“The Breakdown” is written, produced by and features NLW, with editing by

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MicroStrategy CEO Calls Bitcoin ‘Screaming Buy’ at Current Price, Predicts $5M Target

Being ultra bullish on Bitcoin (BTC) Michael Saylor sees a $100 trillion market cap for the crypto asset class. He thinks that BTC will easily outclass the performance of the Big Tech companies in the future.Bitcoin (BTC), the world’s largest cryptocurrency has already surged more than 85% year-to-date and is

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Blockchain and crypto will challenge current finance, Nigeria VP says

Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot

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DeFi data manipulation is too easy — and current oracle solutions aren’t helping much

It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound.When exploits do occur, they usually involve manipulating the reference price like ETH/DAI on a data

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