In a noteworthy development for the African financial landscape, Altvest Capital Limited has taken a groundbreaking step by becoming the continent’s first publicly traded company to embrace Bitcoin (BTC) as a strategic asset within its treasury. This decision signifies a major shift not only in Altvest’s investment strategy but also reflects a broader acceptance of
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The crypto landscape has recently been shaken by a staggering security breach involving the prominent exchange, ByBit. On February 21, the platform announced a serious incident involving its Ethereum cold wallet, where roughly 401,346.76 ETH—valued at approximately $1 billion—was siphoned away, culminating in an eye-popping total that may reach $1.5 billion when considering the assorted
Coinbase, one of the leading cryptocurrency exchanges, recently reached an agreement to dismiss an enforcement case initiated by the Securities and Exchange Commission (SEC). This resolution, pending approval from the SEC, has brought Bitcoin prices back up over $99,000, marking a significant moment in the ongoing dialogue between cryptocurrency companies and regulatory bodies. The case
The downfall of FTX, once a titan in the cryptocurrency exchange landscape, has left thousands of creditors in limbo, grappling with the aftermath of its bankruptcy declaration in November 2022. As the affected creditor demographics become increasingly evident, a representative from the FTX Creditors’ group, Sunil Kavuri, has stepped up to shed light on figures
In recent months, the ripple has grown louder around the potential launch of a spot XRP exchange-traded fund (ETF) in the United States, drawing significant attention from financial institutions and investors alike. With leading companies such as Grayscale, Bitwise, and 21Shares putting forth their applications, the case for an XRP ETF has gained momentum. This
Ethereum (ETH) has been experiencing a pivotal phase in its trading landscape, grappling with the significant challenge of reclaiming the $2,800 resistance level. Despite persistent efforts from bullish traders, selling pressure from bears has kept the cryptocurrency below this critical threshold for several days. This ongoing tussle between buyers and sellers highlights the current volatility
The cryptocurrency realm is no stranger to controversies, but the ongoing conflict between Bybit CEO Ben Zhou and Pi Network has garnered significant attention. Zhou has overtly denounced Pi Network as a scam, asserting that his exchange will never entertain the prospect of listing its token. This strong stance is reflective of the broader skepticism
Metaplanet, a Japan-based investment firm, has made significant headlines recently with its aggressive expansion of Bitcoin (BTC) holdings. As of now, the company boasts a portfolio of 2,100 BTC, valued at approximately $196 million. The latest acquisition of 68.59 BTC for a whopping $6.6 million has propelled the firm into the spotlight, with its holdings
The cryptocurrency market, particularly Bitcoin, has seen tumultuous shifts and turns as it struggles to gain momentum. As of early February, Bitcoin has remained trapped below the psychological barrier of $100,000, a stark indication of a protracted period of consolidation. This scenario is exacerbated by waning positive sentiment among investors, following the initially high expectations
In a remarkable shift within the global cryptocurrency landscape, Brazil has become the pioneering nation to endorse a spot XRP exchange-traded fund (ETF). The approval, granted by the Brazilian Securities and Exchange Commission (CVM), underscores Brazil’s ascendancy as a significant hub for digital assets, signifying a potential transformation in the financial framework that could reverberate
Every individual’s story is deeply woven into the fabric of their upbringing and surroundings. For me, that narrative is undeniably tied to my origins in Edo State, Nigeria. Born into a family brimming with love and support, I grew up alongside three siblings who played pivotal roles as both idols and mentors in my life.
In recent discussions within the cryptocurrency community, the potential repercussions of insider trading, particularly in the volatile memecoin market, have become a significant concern. Brian Armstrong, the CEO of Coinbase, has taken a firm stance against the unethical practice of insider trading, emphasizing the legal ramifications that accompany such actions. In a detailed post shared
Bitcoin’s price movement has been characterized by a standstill, manifesting as a fine balance between buyers and sellers in the market. This stagnant phase presents a challenge for traders and investors who seek direction in their decision-making processes. With only minor fluctuations observed recently, the cryptocurrency’s future price trajectory remains ambiguous and uncertain. The market
In recent weeks, traders have experienced heightened volatility surrounding Bitcoin’s price movements. The cryptocurrency, often seen as a bellwether for the broader digital asset market, has captured significant attention as it hovers around $96,910, a slight 1.36% uptick from the prior trading session. However, this landscape is not merely about numbers; it’s a reflection of
In the ever-evolving world of cryptocurrencies, investors are often on the lookout for signals that may indicate future price movements. Recent insights from crypto analyst Ali Martinez have shed light on the potential trajectories for two popular digital assets: Dogecoin (DOGE) and Ripple’s XRP. While there are optimistic scenarios suggesting gains for both coins, underlying
In a striking revelation, Kraken, one of the largest cryptocurrency exchanges globally, has reported a substantial spike in the number of data requests it received from law enforcement and regulatory bodies in 2024. The exchange’s latest transparency report showcases a notable 38.6% increase compared to the previous year, with a total of 6,826 requests logged.
The financial landscape is ever-evolving, and as technology advancements accelerate, regulatory bodies like the United States Securities and Exchange Commission (SEC) must adapt to these changes. In a significant strategic shift, the SEC has announced the establishment of the Cyber and Emerging Technologies Unit (CETU), replacing its former Crypto Assets and Cyber Unit. This rebranding
As of the end of 2024, the institutional embrace of Bitcoin has reached noteworthy strides, with a reported 1,573 institutions showing long exposure to the cryptocurrency. This data presents a fascinating glimpse into a transforming financial ecosystem, revealing that major financial entities such as banks, hedge funds, and asset managers are increasingly acknowledging the potential
The Solana blockchain has undoubtedly become a hotbed of controversy within the cryptocurrency community. Critics have branded it as a “breeding ground” for speculative assets, primarily attributing this label to the recent surge of meme coins dominating the network. However, in a landscape where speculative behavior permeates many blockchain ecosystems, it is important to take
In a pivotal development for the digital currency landscape, Binance.US has reintroduced the ability for its users to make deposits and withdrawals in U.S. dollars. Announced on February 19, this change signifies a substantial shift from the platform’s previous model of operation that limited transactions to cryptocurrencies alone. Starting now, users can seamlessly deposit and
The cryptocurrency landscape is rife with complexities and peculiarities, often spotlighting the fine line between speculative opportunities and risk-laden ventures. The recent launch of the meme coin $GREED by Barstool Sports founder Dave Portnoy serves as a vivid example of the tumultuous nature of this digital market. Within a mere hour of launching, Portnoy sold
In a striking and unprecedented move, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited, alleging that the cryptocurrency exchange owes an astounding $81 billion in taxes and penalties. The legal claim, reported by Nairametrics, breaks down into specific requests, including a staggering $79.5 billion attributed to alleged economic damages
In a notable turn of events, Pierre Rochard, the Vice President of Research at Riot Platforms, presented his insights to the Texas Senate Committee on Business and Commerce on February 18. Rochard’s testimony was centered on Senate Bill 21, a proposed initiative aimed at establishing a state Bitcoin reserve. This pivotal bill comes at a
Ripple (XRP) has recently faced some selling pressure, encountering resistance at the $2.8 level. This has led to a small decline in price, but it also indicates an important juncture for traders and investors alike. As market participants observe the ongoing fluctuations, it is essential to recognize that Ripple is nearing a substantial support range.
Chainlink (LINK) has recently experienced a significant and concerning 40% drop in value over the course of just one month. This steep decline has not only raised eyebrows among investors but has also sparked debates surrounding the cryptocurrency’s future trajectory. With current trading hovering slightly above $18, the question on everyone’s mind is whether this
In the ever-evolving world of cryptocurrency, Bitcoin stands as the most prominent digital asset, captivating traders and investors alike. Recently, crypto analyst Akademik, renowned for his foresight during previous market downturns, articulated a concerning trajectory for Bitcoin’s future prices. His analysis suggests that Bitcoin could face a significant dip, potentially heading towards the $80,000 mark.
In a significant move to enhance its regulatory landscape for digital assets, Hong Kong’s Securities and Futures Commission (SFC) has unveiled its ASPIRe roadmap. This ambitious initiative aims to establish a structured approach to asset regulation, emphasizing market entry, investor safety, and operational transparency. Considering that the global digital asset market is projected to surpass