sponsored In 2021, the global cryptocurrency market was valued at US$ 1,782 Billion. Sectors like DeFi and NFTs allowed individuals to earn high yields on their investments and create unique collectables as web3 introduces decentralized and permissionless ownership of assets to individuals. Acquire.Fi is creating the first-of-its-kind Mergers and Acquisitions (M&As) marketplace for web3, crypto, blockchain, and NFT companies or…
Bitcoin (BTC) hodlers are asking questions after 10,000 BTC dormant since 2013 suddenly left its wallet. On-chain data flagged on Aug. 28-29 confirmed a large tranche of bitcoins had become liquid again after nearly a decade. “Lawless era” bitcoins hit the road Analysts first began to notice curiously high transaction volumes this weekend as 5,000 BTC was included in a…
The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC will bolster Nigeria’s cross-border trade volumes. Boosting E-Commerce Transaction Volumes…
Crypto advertising has been plastered across every available sporting surface since the bull run of 2021, from stadium naming deals and team’s playing kits to Formula One racing car liveries. But in the current bearish market conditions, it seems hard to calculate a return on the ubiquitous spending of 2021’s crazy big advertising. In Australia, where I’m based, there was…
Binance marked its presence among the Middle East investors by running various licensed operations in Abu Dhabi, Dubai and other regions. Targeting efforts in United Arab Emirate’s (UAE) mainstream corporate sector, Binance partnered with business lender Virtuzone, allowing new entrepreneurs to repay loans using cryptocurrencies. Virtuzone joins the list of mainstream businesses in the UAE, such as JA Resorts and Hotels…
Singapore-based crypto lender Hodlnaut has been granted judicial management by the Singapore High Courts today. Interim managers Angela Ee and Aaron Loh of EY Corporate Advisors Pte. have been appointed as Hodlnaut’s interim managers, according to the official statement. Hodlnaut stated in its official Telegram channel that it is not providing any additional details nor has any fixed date for…
“Fed Watch” is a macroeconomic podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macroeconomics from across the globe, with an emphasis on central banks and currencies. In this episode of “Fed Watch,” CK and I went through several charts, giving market updates on bitcoin, the dollar (DXY) and…
Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29. The court orders came three weeks after Hodlnaut froze all trading activities and withdrawals on its platform citing a liquidity crisis. In an official blog post on Aug. 30, the crypto lending platform notified its users…
DeFi tokens in Lido Finance (LDO), Compound (COMP), and Synthetix (SNX), have posted significant gainsover the past 24 hours, per data from CoinMarketCap. Lido Finance’s native token, LDO, gained over 16.2% earlier this morning, representing the largest gainer among the top 100 cryptocurrencies by market cap, as per data from CoinMarketCap. The liquid staking platform lets users stake Ethereum and…
Iran’s Industry, Mines and Trade ministry has approved the use of cryptocurrency for imports into the country amid ongoing international trade sanctions. According to local news reports, trade minister Reza Fatemi Amin confirmed that detailed regulations have been approved outlining the use of cryptocurrencies for trade and supplying fuel and electricity to Bitcoin (BTC) and crypto miners in the country.…
