Category: Latest news

[ad_1] On Feb. 21, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, accused Binance of “blatantly setting exchange rate for Nigeria, hijacking CBN role,” in a scathing attack on social media platform X. He continued, “The EFCC and the CBN should move against these platforms trying to manipulate our national currency to Ground…

[ad_1] The First Digital USD (FDUSD) stablecoin has overtaken Circle-issued USD Coin (USDC) as the second-most popular pair for Bitcoin during the last five months, thanks to the zero-trading fee program on Binance. CCData’s latest stablecoin report revealed a significant uptick in FDUSD’s trading volume on centralized exchanges — primarily Binance — which has taken…

[ad_1] VanEck’s Bitcoin ETF HODL experienced an astonishing 14x surge in trading volume on Feb. 20, catching the attention of investors and analysts across the financial sector. The ETF, one of the ten spot bitcoin exchange-traded funds (ETFs) available in the US, traded over $400 million in volume, a significant leap from its daily average…

[ad_1] Quick Take The recent surge in Bitcoin holdings among short-term holders (STHs), defined as investors who have held Bitcoin for less than 155 days, points to a noticeable increase. Since December, STHs have beefed up their Bitcoin portfolios by approximately 450,000 BTC. However, contrary to usual market behavior, soft indicators like Google trends suggest…

[ad_1] Since mid-March 2020, there has been a notable decline in the volume of Bitcoin stored in exchange wallets, marking a significant shift in investor behavior. At the time, over 17% of Bitcoin’s total supply was housed on exchanges, a record high. This trend of declining exchange balances has continued unabated, even through Bitcoin’s 2021 bull…

[ad_1] Amid tightening global crypto regulations, Backpack, a crypto exchange founded by former FTX executives, has broadened its reach to 11 US states, including California, Colorado, Indiana, Missouri, Wyoming, and others. In a Feb. 21 announcement on the social media platform X (formerly Twitter), the company disclosed its availability to residents within the states above,…

[ad_1] Ethereum’s price soared to a noteworthy milestone in the past day, briefly crossing the $3,000 mark for the first time in 22 months. During this period, ETH’s price peaked at approximately $3,025, marking a remarkable 27% surge over the last 30 days. However, its value has retraced slightly to around $2,920 as of press…

[ad_1] Quick Take Feb. 23, the last Friday of the month, marks the expiration of an impressive $3.7 billion in Bitcoin (BTC) options, a situation that could notably influence the Bitcoin market, according to Deribit data. Deribit data shows that the options, totaling $3.7 billion for BTC, feature a significant open interest – a total…

[ad_1] Quick Take On Feb. 20, just before the US market opened, Bitcoin reached a yearly peak of $53,000, only to retreat into the $50k-$52k range shortly thereafter. CryptoSlate reports indicate that approximately $1 billion worth of market liquidations were concentrated around Bitcoin’s $53,000 mark. Interestingly, during its short-lived surge to this value, Bitcoin experienced…

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