From November 2, 2022, when red-flags were raised about the financial dealings of Alameda Research and FTT, a token issued by FTX, the fraud charges against crypto exchange founder and billionaire Sam Bankman-Fried came to an end on March 28, 2024. He was sentenced to 25 years or approximately 300 months imprisonment by a U.S. court […]
Timeline of Sam Bankman-Fried’s Road To 300 Months Imprisonment Read More »
Bitcoin’s closing price (BTC) on February 29, 2024, was $61,198.38. Its value appreciated by 43.74% compared to January 2024. It was the first time the most valuable cryptocurrency broke through the $60,000 barrier, a level last seen in November 2021, when it reached an All-Time High of $68,789.63, according to crypto data collection site CoinMarketCap. Date Opening
Summary of Bitcoin Price in February 2024 Read More »
Bitcoin’s closing price (BTC) on January 31, 2024, was $42,582.61. It was up by 0.75% compared to the December 2023 closing price. Date Open High Close Jan. 31 42,946.25 43,717.41 42,582.61 Jan 30 43,300.23 43,838.95 42,952.61 Jan. 29 42,030.91 43,305.87 43,288.25 Jan. 28 42,126.13 42,797.18 42,035.59 Jan. 27 41,815.63 42,195.63 42,120.05 Jan. 26 39,936.82 42,209.39 41,816.87
Summary of Bitcoin Price in January 2024 Read More »
BitForex, an exchange that used to be one of the leading crypto exchanges, has gone under after allegedly disappearing with at least $57 million in customers’ funds. A few days before the Hong Kong-based exchange’s disappearance, it published on its now inaccessible site that its CEO and co-founder Jason Lou stepped down as CEO. Background On February
Will BitForex Exchange Ever Come Back To Refund Customers’ $57 Million? Read More »
From outright ban to hefty fines worth billions of U.S. dollars, Binance continues to face harsh regulatory challenges around the world, making it difficult to make its services available in the affected locations. The largest cryptocurrency exchange by volume experienced a push back recently in Africa’s largest crypto market, Nigeria, and in the United States,
List of Countries Where Binance Exchange Faced Regulatory Sanctions Read More »
To some people, cryptocurrency investment is the new oil-money, but it comes with lots of risks and the major challenges facing it is scams, which come in different forms. Research indicates that existing scams persist, albeit with modified tactics aimed at deceiving cryptocurrency holders, especially during the Bitcoin boom. For instance, scammers may be particularly
15 Types of Crypto Scams During Bitcoin Boom Read More »
The buzz around the proposed new cNGN stablecoin by the Africa Stablecoin Consortium (ASC), comprising four banks and five other blockchain stakeholders, is phenomenal. Unlike eNaira, which is a Central Bank Digital Currency (CBDC) owned and managed by the Central Bank of Nigeria (CBN) with various limitations and restrictions due to its design, cNGN, the
Difference Between cNGN and eNaira Read More »
Key Takeaways: What is Tether Gold (XAU₮)? Tether Gold (XAU₮) is a form of stablecoin backed by physical gold which provides you ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold. The power of blockchain technology gives you access to a stablecoin, which provides ownership of
How Tether Gold (XAUt) Works, Benefits, and Its Risks Read More »
What is BitForex Token? The native digital asset of BitForex exchange is BitForex Token. Digital asset trading, loans, and asset management are some of the services provided by the exchange. Security warning: BitForex Exchange is no longer available. The founders’s whereabouts are unknown following their disappearance with about $60 million in users’ money. The official
How BitForex Token (BF) Works Read More »
There are many dramatic events in the price of Bitcoin in December 2023, which isn’t surprising anyway. First, it crossed $40k for the first time since April 2022. April 28, 2022, was the last time BTC touched $40,269.47, before slipping below $40k. Second, it took a nosedive movement – below $41,000 on the 11th of
Overview of Bitcoin Performance in December 2023 Read More »
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