Month: January 2023

Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches – Africa Bitcoin News

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With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite growing pressure for it to extend the period for returning the old notes, the central bank insists the Jan. 31 deadline still stands. Less Than 40% of ATMs Are Dispensing New Banknotes As the Central Bank of Nigeria (CBN)’s Jan. 31 deadline for returning the old naira banknotes approaches, banks in several Nigerian states are still distributing the…

Ethereum Closes Next Profit Take Bullish Momentum Continues

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The Ethereum price has been propelling itself considerably ever since Bitcoin crossed the $20,000 price mark. Over the last 24 hours, ETH has slightly moved down on its chart, depicting consolidated price action. Last week helped the Ethereum price move up by 6%. The coin finally broke past its consolidation at the $1,500 price level and has been moving north ever since. The technical outlook of the coin has pointed towards continued bullishness on the chart. Accumulation has increased substantially ever since Ethereum breached the $1,500 price level. The chance…

HOW TO SEND MONEY FROM COINBASE TO BYBIT

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io How to transfer money from Coinbase to Bybit. When transfering money from coinbase pro or coinbase. My favorite coin to transfer … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes

According to a declaration filed by Genesis interim CEO Derar Islim, the company has more than $5 billion in liabilities – a sum considerably larger than its assets which, according to a presentation to the court on Monday, include approximately $150 million in unencumbered cash, $500 million in digital assets, $385 million in brokerage accounts and $505 million in outstanding loans to third parties. Also among the assets are large sums owed by its parent company, Digital Currency Group (DCG) – a $575 million loan maturing in May and a…

Bitcoin Weekly RSI Reaches Line Between Bear & Bull Market

Bitcoin price continues to push higher, leaving very few pullback opportunities thus far for those that failed to buy below $20,000. Price action on BTCUSD the weekly timeframe, according to the Relative Strength Index, has reached a critical line that separates bear market from bull market. Any higher, and crypto could experience a full blown breakout. Let’s take a look. What The Relative Strength Tells Us About Cryptocurrencies The Relative Strength Index is a popular technical indicator used in cryptocurrencies, originally created by J. Welles Wilder in the 1970s. The…

A Dive Into 0xd62, a Genesis OTC Wallet That’s Moving Money

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Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

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Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator. Traders should note that the tech-heavy Nasdaq-100 index also gained 5.1% between Jan. 20 and Jan. 23, fueled by investors’ hope in China reopening for business after temporary shutdowns caused by the CCP’s virus contagion measures and weaker than expected economic data in the U.S. and…

We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives – Op-Ed Bitcoin News

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There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute. In this article, I will talk about two of the most…

Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals

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As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update. Withdrawal-Mainnet-Shadow-Fork-1 is finalizing It started out with a few issues because the config wasn’t correctly applied on geth (we disallow overriding the…