Bitcoin (BTC) has seen an exponential increase in demand in Nigeria as the country’s central bank encourages the population to switch to digital cash. As a result, the price of Bitcoin has escalated tremendously above global market levels. The cost of one Bitcoin on Nigeria’s Crypto exchange NairaEx is currently trading at around 17.6 million…
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Binance Faucets Mastercard to Introduce Crypto Pay as you go Card in Brazil (Report)
The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil. The partners previously rolled out such a feature in Argentina. As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to…
Why Binance Opened 90% Of Accounts Closed For Investigation
Following the collapse of the crypto exchange FTX, most global regulators intensified their watch on crypto-related activities and platforms like Binance. As a result, some have opened investigations on most of the crypto industry’s prominent crypto exchanges and trading platforms. Crypto exchange Bitzlato has been under investigation by the United States Department of Justice (DoJ).…
Cardano Slows Down As Massive Addresses Distribute ADA
Cardano’s rally has slowed down as on-chain data shows large addresses have been distributing the cryptocurrency in recent days. Cardano Addresses With 1 Million To 100 Million ADA Have Been Selling Recently According to an analyst on Twitter, a total of 31 addresses holding large amounts of Cardano have sold off their coins recently. The…
Filipino Amps Up Authority Scrutinise Crypto Business Higher
The Philippine Securities and Exchange Commission (SEC) intends to include crypto under its radar in order to amp up its authority over the crypto industry. This means that the Filipino SEC is seeking to increase its scope of jurisdiction over the local crypto industry according to the new draft rules. The SEC mentioned in a…
Bank cards can bridge Web2 to Web3, says music trade exec
Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives. Many developers are seeking ways to bridge the gap between these two…
Neighborhood Votes To Burn 4.97 Trillion Tokens Of Shiba Inu Rival, Floki Inu
Floki Inu, a fierce rival of meme coin Shiba Inu, is gearing up to burn a significant portion of its supply. Its community has now voted in the favor of the burn in a governance proposal that was introduced a couple of days ago by the developers. Floki Inu Wants To Burn Over $100 Million…
Three launch classes from blockchain-based freelance market TopIQs
Over a decade ago, the cofounders of TopIQs were freelance internet marketers dealing with many of the frustrations that still irk freelancers today. They invested significant time pitching, landing and completing projects for clients on freelance marketplaces. When it was time to get paid, they spent weeks or months chasing payments or resolving account issues…
UK regulator investigates charity linked to FTX
The commission in charge of regulating registered charities in England and Wales has announced it has begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.In a Jan. 30 announcement, the Charity Commission said it had launched the inquiry due to FTX being a “significant funder” of Effective Ventures. According to the…
Ethereum Community Utilization Skyrockets As ETH Hits Two-Month Excessive
Despite the crypto market conditions, crypto assets and blockchains have continued to amass new highs pushing the global cryptocurrency market forward. In today’s news, Ethereum on-chain activity recorded a new high following the crypto market revival. Various metrics under the Ethereum network have only continued to show a steady increase in the past few months.…