Hut 8 Shuts Down Bitcoin Mining Operation Due to Rising Energy Expenses
Hut 8, a prominent Bitcoin mining entity, has announced the closure of its mining facility in Drumheller, Alberta, Canada. The decision, driven by escalating energy costs and consistent power disruptions,…
Binance Temporarily Halts Withdrawals on Solana Network Due to High Transaction Volume
Binance, the globe’s leading cryptocurrency trading platform, recently announced a temporary halt on withdrawals linked to the Solana network. This decision was influenced by an unprecedented surge in transaction volume.…
Bitcoin’s Ascent May Encounter Headwinds as Order Book Discrepancy Suggests Increased Selling
As Bitcoin (BTC) ascends toward unprecedented heights, a potential roadblock emerges, hinting at a pause driven by profit-taking actions from investors of the preeminent cryptocurrency by market capitalization. Analyzing the…
Bitcoin and Gold Set New Price Milestones Concurrently
On March 5th, Bitcoin (BTC), the preeminent digital currency, soared past expectations, setting a new price record by breaking the $69,200 barrier for the first time in its history. This…
Algorithmic Trading Firms Trigger Binance and Coinbase Outages, Says dYdX Executive
In an enlightening conversation with Cointelegraph, Ivo Crnkovic-Rubsamen, who holds the dual role of Chief Strategy Officer and Technical Lead for Trading at dYdX exchange, sheds light on the recent…
Binance Announces Termination of Nigerian Naira Operations by March 8
Binance, a leading figure in the global cryptocurrency exchange arena, has declared its imminent departure from the Nigerian market. This move involves a complete halt of services related to the…
Unbounded Sentiment: Tether Co-founder Predicts Bitcoin Could Soar to $300,000 in Next Bull Market
Bitcoin‘s current rally could be the most significant we’ve witnessed, with predictions suggesting the possibility of an even higher surge, as highlighted by Tether’s co-founder. Currently, Bitcoin trades around $66,522,…
Pepe, Floki, Bonk, and Additional Memecoins Experience a 3,000% Weekly Volume Increase
The digital currency landscape has once again been captivated by the memecoin phenomenon, witnessing unprecedented rallies among trending tokens such as Pepe, Floki, Bonk, and others. This surge has not…
Bitcoin NFTs Overtake Ethereum in Weekly Sales, Marking a Notable Shift
In a surprising turn of events, sales of Bitcoin non-fungible tokens (NFTs) have outpaced those on Ethereum in the last week. This shift is attributed to a significant increase in…
Binance CEO Called to Testify Before Nigerian Committee on Allegations of Financial Misconduct
The Nigerian House of Representatives Committee on Financial Crimes has officially summoned Richard Teng, CEO of Binance, to address allegations relating to terrorism financing and money laundering activities. This development…
FTX Sets Claim Window Prices for Major Cryptocurrencies Below Market Rates
FTX, the cryptocurrency exchange undergoing bankruptcy proceedings, has initiated a claims process with valuation figures for significant digital assets like Bitcoin, Ether, Solana, and BNB considerably lower than their prevailing…
2023 Witnesses Uptick in Cryptocurrency Crimes via Darknet Markets, Chainalysis Reports $1.7 Billion in Earnings
The cryptocurrency sector remains under the shadow of cybercriminal activities, with darknet markets identified as a significant contributor to the industry’s illicit revenue streams in 2023. The latest findings from…
Anticipation of a Larger Surge in Bitcoin ETFs: Insights from Bitwise
The introduction of spot Bitcoin exchange-traded funds (ETFs) marks a pivotal moment in the financial sector, with Bitwise projecting an unprecedented influx of institutional capital into the market in the…
Central Bank of Nigeria Expresses Concerns Over Binance Amidst Regulatory Scrutiny
In a recent development that has caught the attention of both national and international observers, Binance, the world’s largest cryptocurrency exchange, has come under increased scrutiny from Nigerian authorities. The…
Bfree, a Nigerian tech startup that promotes ethical debt recovery, secures $3M in funding
In the bustling tech landscape of Nigeria, Bfree stands out as a beacon of innovation and ethical practice in the debt collection industry. Founded with the vision to revamp the…
Shido Token’s Value Tumbles by 94% Following Ethereum Staking Contract Breach
In a startling turn of events, the Shido blockchain, a layer-1 entity, witnessed a dramatic plunge in its token value, nosediving by up to 94% within a mere half-hour. This…
Bitcoin Surpasses $60K Mark for the First Time in Two Years
For the first time in more than two years, Bitcoin has crossed the $60,000 threshold, marking a significant milestone in its price trajectory. As of 1:00 pm UTC, the cryptocurrency…
Ethereum’s Recent Performance Against Bitcoin: Analysis and Implications
Ethereum’s native cryptocurrency, Ether (ETH), has exhibited significant momentum against Bitcoin (BTC) in recent weeks, marking a notable gain of over 20% since Feb. 12. This surge has been largely…
Navigating the Crypto Regulatory Landscape: Insights and Challenges in Nigeria
Nathaniel Luz, co-founder and Chief Marketing Officer of Flincap, a local crypto over-the-counter (OTC) platform, is urging the Nigerian government to address the licensing hurdles faced by local exchanges, rather…
As Bitcoin Maintains its Position Over $51K, ETH, UNI, FIL, and GRT Showcase Bullish Momentum
After a vigorous two-week rally, Bitcoin is currently experiencing a slight pause in its ascent, stabilizing around the $52,000 mark. Despite attempts by bears to initiate a correction, the bulls…