Tag: Markets

Nigerian CBDC Still Not Widely Used a Year After Launch – Emerging Markets Bitcoin News

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On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley Obiora, a deputy governor at the CBN, suggested that the digital currency needs “a little push from the government” if it is to be widely embraced. E-Naira Rollout at Phase 2 As Nigeria commemorated the…

Recent Poll Shows Citizens of El Salvador Still Not Sold on Bitcoin – Emerging Markets Bitcoin News

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A recent poll completed by the Public Opinion University Institute, part of the Simeon Canas Centroamerican University, has found that El Salvador is still not attracted by the idea of bitcoin as legal tender. The poll results indicate that almost two-thirds of the population has a negative impression of bitcoin, with only a quarter of Salvadorans having used the cryptocurrency. El Salvador Still Cold on Bitcoin Adoption While El Salvador made bitcoin legal tender last year, being the first country in the world to do so, Salvadorans are still not…

Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge

Ether (ETH) jumped 10% to lead the surge among major cryptocurrencies, with Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) adding some 9% and bitcoin (BTC) adding a tamer 4.3%. The overall market capitalization of the crypto market increased 4% regaining the $1 trillion mark, a level previously seen in August. Original Source CryptoEtherLargestLeadsLiquidationsMarketsMonthsShortSurgeToken CryptoX Portal

After Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation

Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI (YFI), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR (MKR) as collateral to take loans. The proposal passed on Oct. 25 with 99% of all voters in favor.…

This Bitcoin On-chain Retest Can Change Market’s Course, Here’s How

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Bitcoin new address momentum is approaching a retest that could change the course of the crypto’s price, if history is anything to go by. Monthly MA Of Bitcoin New Addresses Is Currently Retesting The Yearly MA According to the latest weekly report from Glassnode, new address momentum is currently on the verge of a push higher. The “new addresses” is an indicator that measures the total number of new addresses coming active on the Bitcoin blockchain. To know whether the crypto is seeing a sufficient amount of push in new…

What does the global energy crisis mean for crypto markets?

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There’s no denying that the world is currently facing an unprecedented energy crisis, one that has compounded severely in the aftermath of the COVID-19 pandemic so much so that countries across the globe — especially across Europe and North America — are witnessing severe shortages and steep spikes in the price of oil, gas and electricity. Limited gas supplies, in particular, stemming from the ongoing Russia-Ukraine conflict, have caused the price of essential commodities like fertilizer to shoot up dramatically. Not only that, but it has also resulted in the…

Australian Markets Regulator Sues Promoter of Crypto Token Qoin

The Australian Securities and Investments Commission (ASIC) said the advertisements made “false, misleading or deceptive representations” that consumers will be able to exchange Qoin tokens “for other crypto-assets or fiat currency (such as Australian dollars) through independent exchanges” and that there was “an increasing number of merchants” who would accept it, according to the release. Source

Africa Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana – Emerging Markets Bitcoin News

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Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto exchange to bolster its operations on the continent. Working With Regulators The Africa-focused cryptocurrency exchange platform, Yellow Card, recently revealed it had received a virtual asset service provider (VASP) license to operate in Botswana. The licence, which was issued by Non-Bank Financial Institutions Regulatory Authority (NBFIRA), makes Yellow Card the first crypto…

Stablecoins Used to Fight Devaluation and Inflation in Latam – Emerging Markets Bitcoin News

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According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include stablecoins in Venezuela, and 31% of these in Argentina, as citizens seek to shield themselves from devaluation and inflation. Chainalysis Report Finds Stablecoins Are Useful for Latam Countries While criticized by many, stablecoins are becoming a significant part of the activity of the cryptocurrency market in some…

While Overall NFT Transactions and Buyers Are Down, NFT Sales Jumped 2% Higher Than Last Week – Markets and Prices Bitcoin News

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During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. NFT Sales Record a Slight Increase, Number of NFT Transactions Slides 19% Lower While NFT sales are a lot lower than they were a few months ago, this past week with $85,068,480 in sales volume according to cryptoslam.io, NFT sales…