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CRYPTO NEWS
Crypto investors lose $340 million as Bitcoin drops in 6 straight days
In the wake of the latest price declines in Bitcoin and major altcoins, investors who made leveraged bets in the notoriously volatile markets are suffering a large amount of pain, resulting in about $340 million in liquidations just for…
An African Perspective on Why Cryptocurrencies Are Important for the World
The rise in cryptocurrency use in Africa over recent years has not only demonstrated that digital currencies are now a vital way to move funds across borders, but also that cryptocurrencies can be used to access global markets for those who…
Experts in Legal Affairs Say It’s Too Late To Ban Cryptocurrency, India Needs Comprehensive…
According to Indian legal experts, it is too late for cryptocurrency ban despite calls from the Reserve Bank of India (RBI) to ban it completely. The Swadeshi jagran Manch (SJM), which is an affiliate of the nationalist Rashtriya…
Genesis Trading Sees ‘Strong Signs’ of Institutional Crypto Investment Growth…
Genesis Trading’s head of market insights says that the institutional investment growth in the crypto space over the last 12 months “has been astonishing.” The executive added: “We’re seeing strong signs of that accelerating over the next…
I was halfway to becoming a billionaire then I lost everything – Crypto investor laments
A cryptocurrency investor has shared his experience of how he became poor again in less than 5 minutes of becoming rich.
Taking to popular online chat forum, Reddit, the user claimed he made $1.3million (N532.97 billion) after investing…
Nigeria’s interest in bitcoin drops due to CBN clampdown
Nigeria, Africa’s most powerful economy by GDP, is no longer at the top of the list of countries with the highest interest in bitcoin; El Salvador has surpassed Nigeria.
Nigeria fell to second position with a score of 61,…
XRP suffers biggest daily drop in 3 weeks, trading at $1
The seventh most valuable crypto suffered record selling pressure and profit taking that had not been seen in the overall crypto market until May.
According to the FTX exchange, XRP was trading at $1.02389 on Friday, down 10.01% on the…
China declares all crypto-related transactions illegal and forbids overseas exchanges from serving…
China's central bank declared all cryptocurrency-related transactions illegal on Friday, and said foreign exchanges are banned from providing services to Chinese residents, in its strongest crackdown move yet on the digital asset industry.…
CBN To Unveil Its New Digital Currency, “E-Naira”
The Central Bank of Nigeria has divulged the importance of e-naira, a digital currency it promised to launch in the country by the end of 2021.
According to the CBN, the country’s adoption of digital currency would boost…
U.S. Sanctions Russian Bitcoin Exchange Over $160M in Ransomware Transactions
Russian cryptocurrency exchange Suex has been sanctioned by the United States Treasury for allegedly facilitating transactions for ransomware attackers—estimated at more than $160 million worth of Bitcoin
Today's move makes Suex the…
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