Day: November 10, 2023

Nigeria and UK foundation launch Code Clubs for digital literacy

The Federal Government of Nigeria, through the Ministry of Communications, Innovation and Digital Economy, has entered into a partnership with a UK-based computing education charity, Raspberry Pi Foundation, to launch Code Clubs across Nigeria. The initiative is crafted for students aged 7 to 17, and the Code Clubs represent a series of extracurricular artificial intelligence (AI) programming clubs aimed at fostering digitally literate and innovative young minds in Nigeria. Announcing the program in a statement issued on Wednesday, Nov. 8, the ministry said the Code Clubs will introduce participants to…

Ethereum Price Soars as BlackRock Files Ethereum ETF Application

ETH price surge is not only attributed to BlackRock’s move but is also complemented by a resurgence in Ethereum network activity. Ethereum (ETH), has seen a significant price increase, surpassing the $2,000 mark following reports that the world’s largest asset manager, BlackRock Inc (NYSE: BLK), has taken preliminary steps toward the creation of an Ethereum Exchange-Traded fund (ETF). BlackRock’s Move into Ethereum ETF According to a filing on Thursday, BlackRock Advisors filed for the registration of an iShares Ethereum Trust in the state of Delaware. The entity responsible for the…

Top 6 Bitcoin, ETH And Crypto Predictions For 2024: Matrixport

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Matrixport, a leading player in the digital asset space, released a research titled “2024 Unveiled: Six Micro and Macro Events That Will Shape Bitcoin” dated Thursday, November 9, 2023, shedding light on crucial events projected to shape the crypto landscape in 2024. The report highlights a mix of micro and macro events anticipated to positively impact the industry, with a particular focus on Bitcoin. Top 6 Predictions For Bitcoin And Crypto First, the report underlines the anticipation of the US Securities and Exchange Commission (SEC) approving a Bitcoin ETF. Notably,…

Bitcoin’s surge to new annual high cost traders $440m

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The total amount of liquidations on the crypto market over the past 24 hours approached $440 million. Most of the forced closed positions were in BTC and ETH. The rise in BTC price towards $38,000 cost short sellers $78 million. Market participants who opened short positions in Ethereum (ETH) also suffered significant losses due to the jump in the price of the second largest cryptocurrency by capitalization to the $2,000 mark, losing $52.7 million. Crypto market liquidations | Source: CoinGlass In the past 24 hours, 148,093 traders were liquidated, the…

Jihan Wu’s Bitcoin mining firm Bitdeer partners with NVIDIA

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Blockchain company Bitdeer has become a cloud service provider in the NVIDIA partner network. Bitcoin cloud mining services company Bitdeer Technologies Group has entered into a partnership agreement with NVIDIA to double down on supercomputing resources. In a press release on Nov. 9, Bitdeer said it had become a cloud service provider (CSP) in the NVIDIA partner network. It allows the Singapore-based company to launch a cloud service in Asia powered by NVIDIA DGX SuperPOD, an artificial intelligence data center infrastructure with DGX H100 systems. NVIDIA’s Senior Director of the…

Institute for blockchain and crypto research opens in France

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris.  The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center for Scientific Research (CNRS) and École polytechnique. A committee of 6 practitioners, including co-founder of Ledger, Nicolas Bacca, and founder of the crypto exchange Paymium, Pierre Noizat, will also oversee the work of the Institute.…

CME overtakes Binance as leading Bitcoin futures exchange

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The regulated derivatives marketplace Chicago Mercantile Exchange has surpassed Binance to become the leading Bitcoin (BTC) futures exchange. The shift marks the first time in two years that CME has claimed the top spot, indicating a surge in demand from institutional traders. CME currently holds the top position among futures and perpetual futures exchanges, per CoinGlass data, with an open interest (OI) of around $3.99 billion and a notable 24.32% of the market share. Meanwhile, Binance’s OI has decreased to $3.77 billion, down by 13% over the same timeframe. Notional…

BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’

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The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect on the crypto market, helping ETH to get past the critical resistance of $2,000 for the first time in six months. ETH price chart. Source: TradingView Apart from ETH, other altcoins also saw significant gains…

Binance to terminate Russian ruble deposits next week

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Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week. Binance will stop accepting deposits in Russian rubles starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform, as it expects to terminate RUB withdrawals on Jan. 31, 2024. The announcement notes that Binance users can transfer their funds to CommEX, a new crypto exchange business that acquired Binance’s Russian division in September 2023. Binance noted that RUB withdrawals on…