Tag: Markets

Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months – Emerging Markets Bitcoin News

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According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in the past six months. The report attributes the growing adoption of cryptocurrencies to rising inflation and the plunging value of the local currency. Converting From Fiat to Crypto via P2P Platforms A new report by the cryptocurrency exchange Kucoin has found that 35% of Nigerian adults, or 33.4 million people aged between 18 and 60, are holders of cryptocurrencies or have traded the same in…

White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation

Psaki’s comments perhaps indicate the White House expects the headline inflation to cool in the coming months, as the panic in the energy market has faded. Gas prices in the U.S. have pulled back to $4.11 per gallon from the record high of $4.33 per gallon hit on March 11, according to the American Automobile Association. The West Texas Intermediate crude traded at $96 per barrel at press time, down 23% from the high of $123 seen a month ago, per charting platform TradingView. Energy prices had surged after Russia…

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex – Emerging Markets Bitcoin News

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The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s top currencies. Violators Face Possible Prison Time The Ghanaian central bank has reminded the public that the practice of receiving or making payments for goods and services in foreign currency without its express authorization is still prohibited. The bank also similarly warned businesses against “engaging in foreign…

First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again?

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Bitcoin Return On Investment

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We take a look a the Bitcoin return on investment (ROI), measured as a 1, 2, 3, and 4 year running window. Measuring from market cycle bottom or from the halving can be somewhat arbitrary, but measuring a running window cuts out the arbitrary choices, expect for the width of the running window. Let me know what you think of this analysis on the price of Bitcoin in the comments! Premium List BULL MARKET SALE: LIFETIME OPTION: Alternative Option: Merch: Disclaimer: The…

This Week’s NFT Sales Dropped by 13%, Ronin Markets Rebound, Clonex Climbs Higher – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection that recorded the most sales volume over the last seven days was Clonex as the NFT collection’s sales saw a 94.05% rise. 7-Day NFT Sales Slide by 13.75% After the week of March 20-26, 2022, Google Trends data shows the…

Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets – Regulation Bitcoin News

The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT). Pondering the Implications of Innovation The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has argued that central banks, regulators, and policymakers should and must play a role in “shaping a potential move to DLT-based markets.” According to Kganyago, these stakeholders can achieve this objective by “pondering the implications of innovation, promoting responsible innovation for the…

Namibian Central Bank Announces Plan to Launch CBDC – Emerging Markets Bitcoin News

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Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab, recently confirmed that the central bank is now planning to launch a CBDC. He confirmed the BON has already started researching CBDCs which, according to him, are now a “reality” that cannot be ignored. In remarks published by Namibia Daily News, Gawaxab hinted that the increased…

Bitcoin: The Bear Market Blues

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The #Bitcoin bear market presses on as #Bitcoin continues to get rejected off of its Bull Market Support Band. Will #Bitcoin have the date with destiny at the 200W SMA in a few months? Will the price of #Bitcoin go back to the fair value fit to “non-bubble” data? Let me know what you think in the comments! Premium List : LIFETIME OPTION: Alternative Option: Merch: Disclaimer: The information presented within this video is NOT financial advice. Telegram: Twitter: TikTok: tiktok.com/@benjamincowencrypto Instagram:…

Look Beyond the Hype: Blockchain Segments Delivering Real Value Even in Bear Markets

There is no doubt that there are many short-term gains that can be generated by meme-based or hype-based crypto tokens and assets. However, over the long run, as the saying goes, “Only the relevant survive.” As the market matures and blockchain and crypto technologies gain mainstream adoption, we are no longer looking for the next X100 growth token. Instead, the smart money is flowing into a broad range of segments that are delivering real value in the crypto space. This ideal is as true for the crypto and blockchain spaces…