CryptoNews

Report: 47% of Nigerians Engaged in Crypto-Related Activities

December 11, 2023
A recent study has revealed that a significant 47% of Nigerians are actively involved in crypto trading, showcasing a remarkable integration of cryptocurrencies into their financial activities. The analysis further highlights a substantial 15% increase in crypto ownership within the country between 2020 and 2023. This surge in participation reflects the growing significance of crypto trading in…
Read more
CryptoNews

SEC Warns Crypto Investments Can Be 'Exceptionally Risky'

December 11, 2023
The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be “exceptionally risky.” The regulator stressed that crypto-related investments “continue to be replete with fraud, including bogus coin offerings, Ponzi…
CryptoNews

Tether Implements New Stablecoin-Freezing Policy After Seizing Funds Tied to OFAC Sanctioned Entities

December 11, 2023
Tether, a leading stablecoin company in the crypto industry, has announced a significant new initiative aimed at strengthening the security of the crypto asset ecosystem. The company announced this weekend that its recent move to voluntarily tether freezing wallets linked to the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List marks a proactive step towards…
Read more
CryptoNews

Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge

December 11, 2023
Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days. Top Performers of the Week: Cardano and Avalanche Record Substantial Rises Currently, the 11,380 crypto assets…
Read more
CryptoNews

Vaneck Unveils 15 Crypto Predictions: Spot Bitcoin ETF Approvals, US Recession, BTC’s Historic Rally

December 10, 2023
Asset management firm Vaneck has unveiled its 15 crypto predictions for 2024. They include the U.S. recession’s arrival, the approvals of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC), and bitcoin’s historic rally, “potentially spurred by political events and regulatory shifts following a U.S. presidential election.” 15 Crypto Predictions for…
Read more