Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto markets in the world, Emefiele however insists his organization is …
Monthly archives: May 2021
XRP Price Prediction: XRP/USD Price Bounces off Gradually
XRP Price bounces off – May 26There has been an effort being made by Ripple XRP price bounces off from the lower point that it saw during the late heavy downward pressure that most crypto economies witnessed. Ripple XRP’s value now trades around the level of 1.05 at a 7.85% increase. Price bounces off: XRP …
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Bitcoin price rebounds to $40K, Ethereum nears $3K: Is a bigger crypto rally looming?
Bitcoin has surged past $40,000 and the cryptocurrency market is rapidly recovering. The price of Bitcoin (BTC) has surpassed $40,000 on May 26, breaking above a key sell area for the first time in five days. Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise …
You can now buy gold-backed NFTs with the mining carbon footprint offset
Wallet provider Lohko has launched gold-backed NFTs offering carbon offsets. Digital asset wallet provider Lohko and London-based tech firm Mattereum have teamed up to launch nonfungible tokens, or NFTs, that are backed by gold and have carbon offsets attached. According to a May 26 announcement the tokens represent ownership over physical gold bars that are …
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Gold hits four-month high following crypto crash
Spot gold last week hit its highest price level since Jan. 8 after dipping to as low as $1,680 in early March. In the aftermath of the Mid-May crypto market sell-off, gold has seen significant price recovery. Gold prices continued to inch higher on Tuesday, hitting $1,887 per ounce at 3:00 am EDT, according to …
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Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin. Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code. According to a smart contract audit …
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Bitcoin (BTC) Price Prediction: BTC/USD Rises as Bitcoin battles $40,000 resistance
Bitcoin (BTC) Price Prediction – May 26, 2021 For the past 48 hours, BTC/USD has been consolidating above$36,000 as Bitcoin battles $40,000 resistance. Buyers have been unsuccessful on previous attempts at the resistance level. Today, the market is rising and approaching the $40,000 high. Bitcoin will rally to $46,000 if the price breaks above the …
Is Jack Dorsey Right: Will Bitcoin Incentivise Renewables Transition?
Bitcoin critics mainly base their arguments on its high market volatility and the devastating impact of Bitcoin mining on the environment. Jack Dorsey, the CEO of Square, has put the counter arguments for Bitcoin mining regarding energy consumption in a recent whitepaper. According to the whitepaper, Bitcoin mining could incentivise the renewables energy sector. Dorsey’s …
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Why XRP Token Is The Green Coin That Solves Problems Today
Ever since Elon Musk dropped the news of Tesla’s U-turn on Bitcoin payments, attention has shifted towards more energy-efficient alternative coins. Ripple Lab’s XRP token appears to be one such coin with strong green credentials and is also solving payment problems right now. XRP Token Solving Energy And Remittance Problems The XRP token is one of …
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Exchanges and Exchangers
There are several ways to swap digital currency in the cryptocurrency market. The choice is between the exchanges and swap services, or exchangers. Both offer a wide range of digital currencies, a lot of altcoins at an affordable cost. So what is the difference? Where it’s better to exchange Bitcoin — on crypto exchange or the exchange service? …
Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council. The council was formed on May 25 after Saylor brokered a successful meeting between Elon …
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DeFi and traditional finance could converge thanks to tokenization
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an …
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Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium
Roughly $60 billion worth of ETH changed hands over the past 24 hours while BTC saw $50 billion in trade. Ethereum is seeing renewed interest in the aftermath of Bitcoin’s travails this week, with Ether’s 24-hour trade volume topping BTC’s by a significant margin. However it’s still a long way from doubling Bitcoin’s volume as …
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Voyager Digital sees 16X increase in quarterly revenue, first operating profit
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021. Crypto asset trading firm Voyager Digital has announced financial results for the first quarter of 2021, and they are impressive. The retail crypto trading and yield platform reported another record quarter, with momentum continuing into the current quarter. Total revenue for …
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Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million. Kazakhstan to Host New 100 MW …