Day: September 15, 2020

Nigeria regulators recognize digital assets in stunning new statement

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The Securities and Exchange Commission of Nigeria has officially defined digital assets under its regulatory umbrella.  In a Sept. 14 statement, the Nigerian Securities and Exchange Commission, or SEC, defined tokens and coins in the country’s financial markets. The commission stated that these digital assets, which provide “alternative investment opportunities”, would be classified into four different categories for regulatory oversight. “Virtual crypto assets are securities, unless proven otherwise,” said the SEC. “The burden of proving that the crypto assets proposed to be offered are not securities and therefore not under…

Likelihood of Bitcoin Setting “Higher Highs” Grows as Bulls Build Momentum

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Bitcoin has flashed some signs of intense strength throughout the past day, with the cryptocurrency recouping some of the losses that came about as a result of its decline from $12,400 to lows of $9,900. Bulls now appear to be aiming for a move up towards $11,000, which previously held strong as a level of support during its descent. If this resistance level is flipped back into support, it could provide a strong base for the cryptocurrency to rebound off of, potentially allowing BTC to reclaim its long-held position within…