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Binance, the world’s leading cryptocurrency exchange, has announced the discontinuation of its services for the Nigerian naira. This move comes after the Nigerian government detained Binance employees and threatened a hefty fine. Government Allegations The Nigerian government accused Binance of manipulating the exchange rate of the naira, causing its value to drop by 70%. The…
A crypto analyst known as TechDev believes the current Bitcoin bull market could last until 2025. Global Liquidity Cycle TechDev’s analysis is based on the global liquidity cycle, which he says has aligned with every Bitcoin bull market peak. He uses a chart that suggests Bitcoin could reach its peak between January and March 2025….
Marc van der Chijs, CEO of Bitcoin mining firm Hut 8, believes Bitcoin is on the verge of a prolonged period of growth known as a “supercycle.” What is a Supercycle? Unlike regular market cycles, a supercycle is an extended period of bullish growth lasting several years. It’s characterized by: Increased adoption Higher demand Rising…
BlackRock’s Ethereum ETF Proposal In November 2023, BlackRock submitted a proposal for an Ethereum spot ETF, which aims to track the price of Ether. Other firms, including Fidelity, Franklin Templeton, and Ark Invest, have also filed similar proposals. SEC’s Delay and Public Feedback Request The SEC has twice delayed its decision on BlackRock’s proposal. On…
Solana-based meme coins are making waves in the crypto world, with two major players securing listings on Binance. Myro and WIF Debut on Binance Futures Binance has added two meme coins to its Futures platform: PEPE/USDC MYRO/USDT MYRO’s listing marks its first appearance on Binance, while PEPE already had a PEPE/USDT pair. The MYRO/USDT contract…
Binance, the world’s largest cryptocurrency exchange, has halted all services in Nigeria due to increasing regulatory scrutiny. Suspension of Nigerian Naira Services Effective Friday, Binance will convert all remaining Nigerian naira (NGN) balances in user accounts to Tether’s stablecoin (USDT). By March 8th, all NGN-denominated balances will be converted to USDT. Additionally, Binance will delist…
A crypto analyst predicts that Shiba Inu (SHIB) is poised to soar to $0.0001, a 100% increase from its current price. Roadmap to $0.0001 Oscar Ramos, a cryptocurrency investor and analyst, believes SHIB will reach $0.0001 during the 2024 bullish cycle. He bases this prediction on the coin’s historical performance, including its massive rally to…
Unexpected Sell-Off The Ethereum Foundation, a non-profit, has sold 1,000 ETH to a single address, raising questions about the potential peak of the market. The foundation has been known to sell ETH at market highs. Large-Scale Transfers Other large ETH transfers have occurred recently, including Celsius Network’s $125 million sell-off in January. Such transfers can…
As Bitcoin approaches its all-time high, analysts are watching Ethereum closely. Ethereum’s Position Compared to Previous Bitcoin Breakout In 2020, when Bitcoin broke above $20,000, Ethereum was trading significantly below its previous high. Now, with Bitcoin nearing $70,000, Ethereum is closer to its all-time high of $5,000. Ethereum’s Potential Analysts believe Ethereum could follow a…
Bitcoin (BTC) has made history by breaking its previous all-time high in US dollars. This resurgence comes after a challenging year for the crypto industry. Factors Driving the Surge The approval of multiple Bitcoin ETFs by the U.S. Securities and Exchange Commission has brought a surge of capital into the leading cryptocurrency. Additionally, BlackRock’s iShares…
