In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with the CBN’s Read More
Ethereum extended its decline below the $1,240 support against the US Dollar. ETH remains at a risk of more losses below the $1,220 support in the near term.
Ethereum remained in a bearish zone and traded below the $1,240 support.
The price is now trading below $1,250 and the 100 hourly simple Read More
Staking remains restricted in several countries, including the U.S., where the majority of Bored Ape holders live. The Ape Foundation, which is a decentralized autonomous organization run by a handful of prominent community members, cited regulatory concerns as reasoning.
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Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment Read More
The CEO of crypto lending and borrowing platform Hexn.io, believes recent crypto debacles will leave the industry stronger by weeding out weaker companies and fostering stronger regulatory efforts.
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Bitcoin took the news in stride, trading sideways for most of the day, even as additional revelations surfaced from documents connected to FTX's filing for bankruptcy protection. The largest cryptocurrency by market capitalization was up 1.1% and changing hands easily over the $16,000 support it assumed nine days ago. Ether Read More
El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury.
El Salvador to Buy Bitcoin Every Day
The president of El Salvador, Nayib Bukele, announced on Twitter Thursday that his Read More
Since the bitcoin price decline began, El Salvador and its president Nayib Bukele have basically been put under a microscope. The country’s bitcoin plan had seen it buy more than 2,300 BTC but the bear market had wiped a significant portion of the value from their holdings. Nevertheless, Bukele has Read More
As the world’s first nation to adopt Bitcoin (BTC) as a legal tender in September 2021, El Salvador is going back to its BTC buying days after a pause for months amid bearish market conditions.El Salvador President Nayib Bukele announced on Nov.16 that the Central American nation will start purchasing Read More
Sun's Tron DAO Reserve, a community-focused body that supports development on the Tron network, has acquired millions in BTC, Tron's native token TRX and tether (USDT) as collateral backing its dollar-pegged stablecoin USDD. At press time, the collateral backing USDD included 14,040.6 BTC, 240 million USDT, 442,323,460, and 954 million Read More