Cryptocurrency -

List of Countries Where Binance Exchange Faced Regulatory Sanctions

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, […]

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15 Types of Crypto Scams During Bitcoin Boom

Cryptocurrency

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

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Difference Between cNGN and eNaira

Cryptocurrency

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

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How Tether Gold (XAUt) Works, Benefits, and Its Risks

Cryptocurrency

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

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How BitForex Token (BF) Works

Cryptocurrency

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

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Overview of Bitcoin Performance in December 2023

Cryptocurrency

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

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Overview of Bitcoin Price in November 2023

Cryptocurrency

After closing at $34,667.78 USD/Bitcoin in October, Bitcoin began November on a promising note at $34,657.27/BTC with $35,527.93 as the highest price for the day, before closing the day at $35,437.25. For the first time in the year, it reached $38,415.34 on November 24, 2023, and finally ended the month at $37,712.75 Even at that,

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Overview of Bitcoin Price in October 2023

Cryptocurrency

After closing at $26,967.92 USD/Bitcoin in September, Bitcoin price on October 1 showed no major upset, opening the day at $26,967.40, before closing the day at $27,983.75. Interestingly, BTC price traded above $35K for the first time in 2023, reaching $35,150.43 on October 24, before slipping back to $33,901.53 by the end of the day. Here is an

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How Tether USDT Token Works, Partnerships, And Its Expansion

Cryptocurrency

Tether is a fiat-collateralized stablecoin pegged 1:1 to the US Dollar (USD) that offers its users a hedge of transacting with blockchain-based assets with the sole aim of mitigating price risk. Tether is powered by blockchain technology and primarily issued on the Ethereum and TRON blockchains with USD sitting in bank accounts. Key Takeaways: History

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What Is Cryptocurrency Liquidity?

Cryptocurrency

What does cryptocurrency liquidity entail and why is it a fundamental factor to consider for countries planning to adopt cryptocurrencies into their financial systems? Takeaways: The Definition of Cryptocurrency Liquidity Cryptocurrency liquidity refers to the ability of a digital asset such as Bitcoin to be quickly bought or sold without causing a significant price change in the

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Cryptocurrency

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