Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring transactions on licensed cryptocurrency exchanges into the formal tax […]
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Bitcoin Faces $86K Threshold as Demand, Liquidity Woes Persist: Report
Bitcoin’s price risks further decline amid persistently weak demand and liquidity, according to a Cryptoquant report released on Wednesday. Cryptoquant Warns of Bitcoin Downturn Amid Historic Liquidity Slowdown In a Feb. 19, 2025 report, Cryptoquant researchers warned bitcoin (BTC) could drop to $86,000 after hitting a one-month low of $93,000, citing deteriorating demand and liquidity […]
Read MoreBitcoin ETFs Steal Gold’s Shine
The price of gold has shot up nearly 45% since February 2024 to $2,927.10 per ounce according to gold.org, but Bloomberg exchange-traded fund (ETF) Analyst Eric Balchunas says “No one cares,” in a post on X. Indeed, gold ETFs have virtually stalled within that same timeframe, while spot bitcoin ETFs have amassed more than $40 […]
Read MoreQuantum Storm Brewing: Can Bitcoin Outrun Microsoft’s Million-Qubit Countdown?
On Wednesday, Satya Nadella, chairman and CEO at Microsoft, unveiled a quantum computing breakthrough featuring the company’s Majorana 1 chip. This achievement, notably his remark about a “clear path to a million-qubit processor,” has already sparked discussions about Bitcoin’s alleged vulnerability. Microsoft’s Majorana 1 Chip Ignites More Quantum vs. Bitcoin Debate Since December, Bitcoin has […]
Read MoreBinance US Resumes USD Deposits and Withdrawals Following Regulatory Halt
Binance US has restored U.S. dollar deposit and withdrawal services for eligible customers as of Feb. 19, 2025, nearly two years after suspending the feature amid regulatory scrutiny of its parent company. Binance US Reinstates USD Services The crypto trading platform announced Wednesday that USD services, including bank transfers (ACH), will roll out gradually to […]
Read MoreBitcoin Emerges as Hedge in Iran’s Economic Crisis, Chainalysis Study Shows
A Chainalysis report reveals that cryptocurrency has become a critical tool for capital flight in Iran as geopolitical tensions and economic instability drive individuals and businesses to bypass stringent financial sanctions. Report Shows Economic Turmoil and Sanctions Push Iranians Toward Cryptocurrency Cryptocurrency outflows from Iran surged to $4.18 billion in 2024, marking a 70% year-over-year […]
Read MoreBitcoin Holds Steady Near $96.5K as Market Weighs Competing Forces
BTC continues to trade within a tight range as investors monitor the macroeconomic landscape and gauge conflicting market signals. Conflicting Market Pressures See BTC Stabilizing at $96.5K Bitcoin (BTC) is maintaining a cautious upward trajectory, trading at $96,540.34 at the time of reporting. This marks a modest 0.25% increase over the past 24 hours and […]
Read MoreSolana L2 Project Solaxy Passes $22M in ICO as Expert Names it the Next Crypto to Explode
This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. Solaxy (SOLX) has quietly raised over $22 million in its ICO – positioning itself as the world’s first Layer-2 solution for Solana. With the project’s native SOLX token receiving enormous attention on social media, […]
Read MoreDigital Assets Show Mixed Performance During Wednesday’s Trading Session
The cryptocurrency market sector experienced a modest resurgence Wednesday, edging up 0.61% against the U.S. dollar to hover near $3.18 trillion. While bitcoin and ethereum inched upward at a leisurely pace, tokens such as fantom (FTM) and aptos (APT) sprinted ahead with double-digit appreciation. Key Assets Make Significant Strides and Follies Precisely seven to eight […]
Read MoreCryptoquant CEO: Bear Market Only Possible if Bitcoin Falls Below $57,000
Cryptoquant CEO Ki Young Ju remains confident that bitcoin will not enter a bear market in 2025, even if its price drops 30% from recent highs. He highlights historical cost-basis trends and institutional support as key factors sustaining bitcoin’s bull cycle. Bitcoin Bull Market Intact Despite Potential 30% Drop Bitcoin’s bull market is far from […]
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