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With the current inflation rate and depreciation of the Naira against the US dollar, Nigerians form part of the majority of those steering the wheels for cryptocurrency adoption globally. According to a report by Kucoin, a cryptocurrency exchange, about 33.4 million Nigerians trade or own virtual currencies including Bitcoin,
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Amid the harshness of the market, leading to intense struggle amongst crypto platforms, BlockFi aims to conserve users’ balance with the loan. Crypto trading firm BlockFi published a tweet through its CEO Zac Prince, revealing its newly acquired “revolving” loan facility of $250 million from FTX. The news which was
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Users of various websites have encountered the “500 Internal Server Error” while being unable to visit these websites as a result of Cloudflare downtime. Cloudflare, an important web performance infrastructure, was recently confronted with an extensive challenge that led to a time-out for many digital currency exchanges. The content distribution
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Bitpanda, an Australian-based crypto trading platform with an estimated value of $1.4 billion as of the previous summer has been licensed as a digital currency service provider in the Spanish region. According to a statement on Tuesday, the company was listed on the website of the bank of Spain
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About a week after crypto protocol Celsius Network halted withdrawal activities, it has notified its community about the persistent rise in false social accounts alleging to be an associate of the firm. In a recent blog post, the company highlighted that the community should be more receptive as most of
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One of Australia's crypto exchanges, BTC Markets has become the first firm in the nation to acquire an economic service permit. The permit issuance was made known in the early hours of Tuesday through a tweet from BTC Markets stating, “We have an exciting announcement to make: BTC
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According to news from world-leading financial service provider Babel Finance, negotiations have been concluded with shareholders on the settlement of debts that caused the protocol to put a hold on large sums of withdrawals in the previous week. The lensing firm had previously made moves on Friday to set a
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Samuel Bankman Fried (SBF) has refuted claims that Alameda contributed to the unstable condition of Celsius, citing that it was all mistaken. “We want to help those we can in the ecosystem, and have no interest in hurting them,” he says. FTX and Alameda’s SBF have publicly noted its
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Bitcoin analyst, Josef Tetek, has said bear markets are second to none of the brutality that can befall cryptocurrency companies, especially those that leverage their customer's investment. The present harshness of the crypto market has been cited by industry professionals to be much more harmful to lending firms.
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Blockchain protocol Terra’s members of staff have reportedly been banned from leaving the South Korean nation due to a legal departure prohibition imposed on major innovators of the project. According to Korea JTBC's Monday news, an investigatory division of the Seoul South Area Attorney's Office
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A cryptocurrency portfolio is a collection of all the crypto coins and tokens a person owns. It represents investments owned across all cryptocurrency types. A portfolio helps you track and manage your inventory of online currency investments. To build a great portfolio, a person needs to: * Learn the basics of
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Cryptocurrency brokerage platform Voyager Digital signed an agreement with trading firm Alameda Research to obtain a line of mortgages that would help protect its users’ assets during this harsh bear market crisis. The credit is drafted in two aspects. The first part includes cash/USD pegged coin-backed credit that amounts