Jason Lou and Luca Lu are the two brains behind one of the World’s leading digital asset trading platforms, BitForex. Security Alert!: There is every possibility that the founders of Bitforex Exchange have disappeared with their users’ money following the withdrawal of $57 million from the exchange’s hot wallets. At the time of this update, users … 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 … Read more
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, … Read more
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 … Read more
El Salvador has launched its “Adopting El Salvador Freedom Visa Programme” which will hand over automatic citizenship to investors who invest at least $1 million of Tether USDt or Bitcoin in the country. Main Points: It is one moves by Central American country to attract long-term residents to the country. El Salvador hit the headlines … Read more
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 … Read more
Reeve Collins is a leading voice in the Blockchain and cryptocurrency space. He was the first to create the technology to make programmable “Smart” NFTs, a breakthrough in a digital representation of ownership. He co-founded Tether alongside Brock Pierce and Craig Sellars and was the CEO from 2013 to 2015. Before this co-founding Tether, Reeve founded Pala … Read more
From entertainment to blockchain technology, Brock Pierce is a prominent figure in cryptocurrency. He founded Internet Gaming Entertainment (IGE) in 2001 and four years later, Pierce disclosed that IGE accounted for about 50 per cent of internet gaming in the United States. In 2013, he founded Blockchain Capital, a venture capital, that reportedly raised $85 million in … Read more
Craig is a Blockchain innovator and a co-founder of stablecoin, NFTs, and Tether. He is also a member of Omni Foundation, where he uses Omni Protocol to allow users to create and trade smart-contract-based properties and currencies on top of Bitcoin’s blockchain. He was an advisor to Block.one between April 2017 to 2018, before joining OmniBOLT (Basis … Read more
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 … Read more
What makes Ethereum unique as a cryptocurrency and its influence in the financial space? Could it be the future of decentralized finance? Key Takeaways: What is Ethereum? Ethereum is a decentralized, open-source blockchain, which was designed to enable the creation and execution of smart contracts and decentralized applications or dApp. Basically, Ethereum takes the concept … Read more
Bitcoin soared to its highest price in nearly 20 months, reaching more than $42,000 in the early hours of Monday before falling back to $41,752.90 by night, thanks to frenzied investor speculation that interest rates will fall as 2024 approaches. Following the same speculation that interest rates might fall in 2024, the price of gold … Read more
It would be difficult for anyone to manage the affairs of Tesla under the “conditions that Elon would want and with the team that he has,” Tesla (TSLA) shareholder Ross Gerber has said. Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management in reaction to advertisers fleeing Twitter – now X – over Musk’s … Read more
Decentralized Finance (DeFi) is transforming how we manage and interact with money in the areas of investment, insurance, derivatives, and other financial activities on centralized finance. Key Takeaways: What benefits will DeFi bring to the financial sector? And will it disrupt the traditional banking norms? We’ll explore several ways DeFi is revolutionizing the financial sector, its benefits, risks, … Read more
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is one of Nigeria’s agencies under the Federal Ministry of Industry, Trade, and Investment. Takeaway: The agency offers many benefits to medium and small businesses in Nigeria, including: History of SMEDAN The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) was established by the administration … Read more