Month: January 2022

What Can Crypto Do for the World?

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When Bitcoin was first launched in 2009, nobody knew of the dramatic impact that cryptocurrencies would have on our world. Today, blockchain technology is being used everywhere, pioneering a technological revolution worldwide. The decentralized nature of crypto has awoken people to the potential of its powers. Without banks or intermediaries of any kind, crypto enables people to send payments, make investments, and purchase certain goods and services without limits. Additionally, NFTs, DAOs, and DeFi allow for the self-management of ownership rights, operations, and financial services, respectively possible. Beyond technological applications,…

What Projects Will Blow up the Industry in 2022

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A multibillion GameFi and blockchain games market is named as one of the major trends of 2022 that promises many opportunities both for players and investors. Yet, so far the market is so fragmented and chaotic that it is hard to grasp how to profit from this trend. To succeed in this fast-growing field, one must know the secrets of the GameFi industry. How is GameFi different from online games? GameFi is a new niche in the blockchain industry at the nexus of two fields โ€“ decentralized finance and decentralized…

Central Bank Prohibition Led to Growth in Crypto Awareness โ€“ Featured Bitcoin News

The chief marketing officer (CMO) of a cryptocurrency payments solution company, Rotimi Ogunwede, has insisted that the Central Bank of Nigeria (CBN)โ€™s decision to bar crypto entities from the banking system may be the reason why Nigerians are now more knowledgeable about cryptocurrencies. CBN Prohibition Forced Patricia to Establish Operations Outside of Nigeria An executive with a cryptocurrency payments solution company called Patricia, has argued that cryptocurrency knowledge levels in Nigeria rose just shortly after the CBN asked financial institutions to exclude crypto entities from the banking ecosystem. The executive,…

Morgan Stanley Says Bitcoinโ€™s 50% Correction Is Nothing New

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Bitcoin’s 50% drop from November’s record high is nothing new and the correction is within historical norms, Morgan Stanley said in a research note entitled โ€œState of the bear market.โ€ Estimating the fair value of cryptocurrencies is difficult as they trade in a speculative manner, helped by the large availability of U.S. dollars and central bank liquidity, the bankโ€™s head of cryptocurrency research, Sheena Shah, wrote in the report published last week. If bitcoin trades below $28,000 the market may expect further weakness as this is around last yearโ€™s lows.…

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Cryptocurrency Exchange Binance Restricts 281 Accounts of Nigerian Users

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Binance, one of the largest cryptocurrency exchanges in the world, has confirmed the restriction of several Nigerian accounts. According to the details shared by the company, 281 accounts were affected by the latest personal account restrictions. Binance explained that approximately 38% of the mentioned accounts were restricted at the request of international law enforcement authorities. While the company has already resolved 79 cases, it is still working on others to find a solution. The cryptocurrency exchange outlined that all non-law enforcement-related cases will be resolved within the next two weeks.…

UNICEF calls for child safeguards amid mainstream crypto adoption

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The United Nations Children’s Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets. UNICEFโ€™s โ€œProspects for children in 2022โ€ย report, which examines the impact of global trends on children, anticipates further mainstream adoption of cryptocurrencies โ€” โ€œdemonstrating both the promise of greater financial inclusion and the need for new child safeguards.โ€ Source: UNICEF The report shows that digital currencies have gained widespread interest in 87 countries by the end of 2021, with the majority of jurisdictions experimenting on…

Crypto Exchange BitMEX Airdrops 1.5M BMEX Tokens to Users

Crypto exchange BitMEX airdropped 1.5 million BMEX, its first native tokens, to users as it looks to revive retail interest. The tokens were airdropped based on a userโ€™s previous activity on the exchange. Benefits for #BMEX Token holders๐Ÿ‘‡ โœ… Trading fee #discountsโœ… Exclusive @BitMEX privileges, experiences, and merchโœ… VIP services for users with 500,000+ BMEX๐Ÿ”œ Early๐Ÿฆ product access + FREE #BitMEXAcademy coursesโ€ฆ — BitMEX (@BitMEX) January 31, 2022 The Ethereum-based tokens are locked in a 5-year vesting contract and have a maximum supply of 450 million. These will be used…

Crypto Investing on a Budget: COMPLETE 101 GUIDE!! ๐Ÿ’ฒ

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US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60% โ€“ Finance Bitcoin News

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According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current two out of ten or 20% to 44% by the end of 2022. Only Four Percent Expect the Number of Crypto Holding Clients to Decrease The number of financial advisors in the United States that currently counsel their clients on crypto holdings is expected to double in 2022, a new study has found. According to the study, which surveyed wealth management experts based in the…