Month: May 2024

Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […] Source: https://news.bitcoin.com/nigeria-mulls-over-banning-p2p-crypto-transactions-labels-crypto-trading-as-national-security-concern/

The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence […] Source: https://news.bitcoin.com/south-africas-fic-unveils-draft-directive-for-travel-rule-implementation-crypto-industry-leader-issues-warning/

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Arthur Hayes’ Bitcoin […] Source: https://news.bitcoin.com/former-bitmex-chief-expects-bitcoin-to-trade-within-60k-70k-range-until-august/

Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.” Robert Kiyosaki’s […] Source: https://news.bitcoin.com/robert-kiyosaki-shares-crash-survival-rules-warns-crash-has-begun-it-will-be-a-bad-one/

Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around […] Source: https://news.bitcoin.com/block-is-buying-bitcoin-every-month-for-its-balance-sheet/

According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development Nonprofit Opensats Receives $21M From Dorsey’s #Startsmall On May 3, Opensats disclosed receiving a $21 million contribution from Jack Dorsey’s […] Source: https://news.bitcoin.com/jack-dorsey-backed-initiative-donates-21m-to-bitcoin-nonprofit-opensats-to-bolster-development/