Day: December 23, 2023

Nigerian central bank lifts ban on crypto transactions

The Central Bank of Nigeria (CBN) has lifted its previous prohibition on cryptocurrency transactions. This move, unveiled in a circular dated Dec. 22, 2023, signifies a significant shift in Nigeria’s stance on the burgeoning crypto market in the country. The relaxation of the ban was signed into effect by Haruna Mustafa, the director of the financial policy and Regulation Department at CBN. CBN issues crypto guidelines The circular outlines the procedural guidelines for banks and financial institutions to facilitate crypto transactions, focusing on account openings, foreign exchange (forex) inflows and…

Six most important crypto events to look forward to in 2024

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We’ve been in this bear market for a long time. It’s similar to enduring a long winter, where one must always be prepared with a hat and gloves. You find yourself wondering, “When is the sun coming out?” However, my sentiment has shifted. It is not merely the anticipation of summer or the approaching bull market. Instead, I am already wearing a T-shirt and taking off my…

Analyst Points to Increasing Caution in Bitcoin Market Despite Price Surge

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In the past week, Bitcoin recorded an overall positive performance, gaining by 3.45%, according to data from CoinMarketCap. This price rise adds to BTC’s bullish form in the last 30 days, during which the maiden cryptocurrency has surged by 16.78%. However, despite this market uptick, there appears to be a growing trend of caution among Bitcoin traders, indicating fear of a potential price dump.  Analyst Highlights Evidence Of Growing Caution In The Bitcoin Market In an X Post on Saturday, popular crypto analyst Ali Martinez shared an interesting observation regarding…

Dubai’s mirage: the city might be heaven, but not for crypto entrepreneurs

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Dubai’s crypto industry has been in the spotlight, both in the media and among entrepreneurs: “Emirates announced that it would start accepting Bitcoin as a payment method,” “UAE government strives to fully transition its operations to blockchain by 2030,” “Binance’s CZ moves to Dubai, states that Paris and Dubai offices are Binance global hubs.”  The 2020-2021 Bitcoin (BTC) boom, startup financing spree, and the tax haven fame…

Avalanche Set To Surge 20% Before Cooling Off

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The price of Avalanche (AVAX) has been steadily rising leading up to the holiday season. Consequently, in just over two months, the altcoin has more than quintupled in value. In any case, the price of AVAX still has more potential than most other cryptocurrencies, which have seen rises of about 300% over the same time frame. Investors and aficionados are keeping a careful eye on whether AVAX may reach this milestone before the end of the current year as the cryptocurrency makes steady progress toward the coveted $50 mark, a…

With Bitcoin Spot ETF Approvals, Halving and Incoming Upgrades, What Should You Expect from BTC in 2024?

The timing aligns perfectly in 2024 for a spot ETF approval to have already attracted significant investment, and then the halving decreases Bitcoin’s supply right when demand shoots higher. After yet another banner year in 2023 with over 150% gains, all eyes are on Bitcoin (BTC) to see if the flagship cryptocurrency can sustain its epic run in 2024. Key factors stacking up in Bitcoin’s favor for the coming year have analysts extremely bullish on its prospects. From the possibility of the first Bitcoin spot ETF to the scheduled mining…

Best performing cryptos in 2023

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As 2023 draws closer, the cryptocurrency market is again in the green zone. Let’s find out which were the top-performing cryptos of the year. The year 2023 presented a mixed picture for the crypto market. Initially grappling with the aftermath of the FTX crypto exchange’s rapid collapse, by year-end, investors found themselves in a favorable position. Several altcoins experienced growth levels unseen in the crypto community for years. The…

Optimism Price Up By 34% Today

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Optimism price has been witnessing significant momentum over the past few days, becoming one of the top gainers in the market today. Thanks to this recent price growth, Optimism has seen its native token OP lay a serious claim to a place within the top 30 cryptocurrencies by market capitalization. However, it seems that the Optimism price movement may soon be turning bearish following the appearance of a sell signal on the price chart.  Indicator That Preceded 80% Rally Turns Bearish, Analyst Says In a recent post on the X…

Solana Saga Orders Scrapped As $30 Million BONK Token Package Overshadows Device’s Value

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Solana (SOL) and its associated meme coin, Bonk (BONK), have witnessed remarkable surges in value, with SOL recording gains of over 71% and Bonk experiencing an astonishing 342% increase over the past 30 days.  The positive growth within the Solana ecosystem has resulted in a surge in demand for the flagship mobile device, Solana Saga. However, the Solana Mobile team recently addressed challenges in meeting the “overwhelming demand” and explained order cancellations and inventory management issues. Solana Mobile Faces Inventory Mishap Over the past month, SOL has seen a significant…

XRP Trade Volume Hits Six-Year Low, A Cause For Concern?

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A significant dip in XRP daily trading volume has caught the attention of investors and analysts alike. On Thursday, XRP’s trading volume plummeted to levels not seen in the past six years, a development that has raised eyebrows among crypto enthusiasts. On this day, December 21st, #XRP : pic.twitter.com/ptHRTpkEeE — WrathofKahneman (@WKahneman) December 22, 2023 Just XRP Or Industry-Wide Slump In Trade Volumes? Reputed lawyer and XRP advocate, Bill Morgan, took to X (formerly Twitter) to shed light on this concerning trend highlighted by WrathKahneman. According to WrathKahneman, the trading…