News
Polygon has affirmed that the ephemeral stop by Binance exchange was to push through with certain synchronization and upgrades of nodes to achieve a more stable network with fewer bug effects. The world's most renowned cryptocurrency exchange in terms of its trade flows, Binance, disclosed that it would
News
Blockchain security firm, Peckshield has announced an attack on Deus Finance, a decentralized finance (DeFi) protocol and over-the-counter (OTC) derivative platform. Publishing the report in a string of tweets, Peckshield said the hacker who exploited the (OTC) derivatives platform stole $3 million worth of DAI stablecoins and ETH. According to
News
The prices of major cryptocurrencies are slightly up at the moment. At 12:45 pm, Bitcoin exchanged hands at $40,530, up by 4.76% in the last 24 hours. Other major altcoins such as Ripple’s XRP, Solana and Avalanche have slightly moved up by 2.25%, 5.41%
News
The Financial Conduct Authority (FCA) has issued a stern warning to operators of non-registered Bitcoin ATMs in the United Kingdom. According to the U.K. financial watchdog, the operators of the ATMs would be contacted to affirm the notice to shut down the automated machines or face further actions. According
News
Tether (USDT), the largest stablecoin based on market capitalization has crossed the $80 billion valuation. This comes after monthly statistics showed a 2% valuation increase this month. While the entire stablecoin economy now stands at over $187 billion as of March 15, 2022, Tether's valuation represents 42.78%
Mining
Bitfarms has announced its acquisition of land in the Sherbrooke area of Canada to build a new mining facility. The company announced that this new mining facility will replace other mining facilities belonging to the company in Canada. Bitfarms will invest over $1.7M and 25,000 common share purchase
Exchanges
The NairaEX team is passionate about helping our users achieve their financial goals when they trade with us. Our approach is to partner with users in the journey to personal or business growth – because we are certain that their satisfaction and success also equals our success. Here is how a
Bitcoin
Researchers at US investment bank Citi Group have published a report stating that Bitcoin (BTC) could become "an international trade currency" within seven years. According to the 105-page report titled "Bitcoin: At the Tipping Point", the study discusses bitcoin's evolution as a form of
Africa
Vice President of the Federal Republic of Nigeria - Professor Yemi Osibanjo on Friday hailed the positive impact of cryptocurrency and blockchain in global finance. Speaking at the Central Bank of Nigeria Economic Summit, the VP is quoted: “There is no question that blockchain technology generally, and cryptocurrencies in particular,
Blockchain
Ethereum (ETH) - the second cryptocurrency by market cap hit a new all time-high price above $1,500 on Feb. 2 after gaining 12% in 24 hours. The new price high is pitched to be an effect of the growth in the DeFi industry which is based on the ETH
Bitcoin
The founder of one of the world’s biggest hedge funds has described Bitcoin as unhackable. Ray Dalio, the founder of Bridgewater Associates, called the cryptocurrency unhackable and stated that he was considering it as an investment for some new funds. Dalio Impressed with Unhackable Bitcoin Dalio considered the length
Bitcoin
Social Capital CEO and investor, Chamath Paliphapitiya believes the Bitcoin price will surge to $200,000 as more investors gain an appetite for an 'uncorrelated hedge' against untrustworthy national leaders. $200,000 Bitcoin Price Ahead The Social Capital CEO states that the price of Bitcoin could reach $200,