News
The Australian Competition and Consumer Commission (ACCC), have reported defrauding media publications of cryptocurrency trades involving some notable Australian personalities. These publications were allegedly aired on Meta-owned Instagram and Facebook. The publications were aimed at promoting certain investment strategies alongside crypto. There were hyperlinks attached to redirect Meta users to
News
Rare Bears, on Thursday, took to its Twitter social media platform to affirm the news of its recently compromised moderator's server that led to a phishing fraud of about $800k worth of NFTs. According to reports, cyberpunks sent across a spoofing link on the Rare Bear Discord platform,
News
Chinese officials, in a recent publication, have announced the arrest of over ten alleged criminals believed to be the brains behind an Internet pyramid scheme. The suspects are understood to have deceitfully assured their victims of a high percentage of return earnings. The suspects are said to have defrauded people
News
A member of the mid-western Minnesota state cross-party assembly, Tom Emmer, has sent a message to the head of the Securities and Exchange Commission (SEC), Gary Gensler. The message was aimed at informing Gensler of the challenges of excessive investigative actions in the cryptocurrency sector. According to him, there are
News
Amid its military unrest with Russia, the president of Ukraine, Volodymyr Zelensky has formally signed a law “On Virtual Assets”. The signed bill, as confirmed by the Ministry of Digital Transformation, intends to form a basis on the country’s involvement in controlling the operations of crypto assets. This development
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
News
Shortly after the CEO of Tesla, Elon Musk tweeted that he will not be selling his crypto HODLings, the price of Dogecoin jumped by a whopping 10% during the Asian trading hours. At 4:10 am UTC, the memecoin traded at $0.111. However, when Musk tweeted at 4:10
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