Nigeria to Ban P2P Crypto Trades Amid Economic Turmoil

The Nigerian SEC moves to ban P2P crypto trading to protect the naira.

The post Nigeria to Ban P2P Crypto Trades Amid Economic Turmoil appeared first on BeInCrypto.

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Bitcoin stabilizes near $63,000 as U.S. economic growth decelerates.

Quick Take Data from Trading Economics shows the United States economy grew at an annualized rate of 1. 6% in the first quarter of 2024, falling short of the forecasted 2. 5% and slowing down from the previous quarter’s 3.

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Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on Its Platform: Report

A Nigerian court has ordered Binance to provide Nigeria's Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform.

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Bitcoin Sells-Off Amid Strong Economic Data, Can $18,600 Hold The Line?

Bitcoin has been unable to break above or below its current rage, and price action remains undecided. During yesterday’s trading session, the cryptocurrency saw upside volatility, but gains were surrounded once more today as macroeconomic forces took over BTC.

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Bitcoin's Correlation With Stocks Comes Back as Economic Factors Roil Markets

Bitcoin and stocks are almost trading in tandem again – as risky asset markets move in response to fresh developments in the economy and international affairs.

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Russians turn to crypto to evade restrictions

Bitcoin (BTC/USD) is trading just above the $20k mark after another sell-off. This latest dip follows a broader market reaction to Federal Reserve Chairman Jerome Powell’s monetary policy remarks at Friday’s Jackson Hole economic forum.

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First Mover Asia: Bitcoin Above $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ether and most other major altcoins trade sideways as investors await further economic indicators.

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First Mover Asia: Bitcoin Hovers Over $23K in Weekend Trading; an Edgy Environment at Seoul's Blockchain Megaweek

Ether and most other major altcoins trade sideways as investors await further economic indicators.

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Crypto Volume On Indian Exchanges Drops By More Than 70% After 1% TDS Rule

Trading volume on crypto exchanges in India has taken a large hit of more than 70% since the start of the 1% TDS rule. Crypto Trading Volumes On WazirX, ZebPay, And CoinDCX Decline 70% Or More As reported by The Economic Times, following the start of the 1% TDS rule, exchange trading volumes in India […]

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Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue

As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1 […]

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Binance unveils crypto card to aid Ukrainian refugees

Binance, the largest crypto by trading volume, has rolled out a crypto card to help Ukrainian refugees complete transactions seamlessly within the European Economic Area (EEA), according to an April 26 press release.

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Assessing EU's proposed clampdown on crypto trading among non-custodial wallets

The Committee on Economic and Monetary Affairs of the European Parliament is set to hold a session on 31 March, 2022. It is heading to put regulatory clauses on crypto trade with non-custodial walletsThe post Assessing EU's proposed clampdown on crypto trading among non-custodial wallets appeared first on AMBCrypto.

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Abu Dhabi rolls out draft recommendations for NFT trading

The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens.

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Russian Cryptocurrency Volumes Across Several Exchanges Dip By 50%

Regardless of the growing economic sanctions against Russia, the volume of cryptocurrencies bought using Rubles across several major cryptocurrency exchanges plummets drastically. According to data from blockchain-data aggregators display, Russian collateralizing crypto trading across significant crypto exchanges is dropping badly.

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A Deep Dive Into Era7: Game Of Truth, a Play-To-Earn NFT Trading Card Game

Era7’s ‘Game Of Truth’ joins GameFi and offers players mildly competitive entertainment that provides an avenue to earn. Blockchain technology is quickly redefining the gaming industry by introducing an  economic incentive model.

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Australian senator lends support to DeFi amid market pullback

Australian Senator Jane Hume, while speaking at the Australian Financial Review Super and Wealth Summit, stated how the DeFi industry has been prospering in terms of trading.  “DeFi prospects are looking bright as the technology is not going away anytime soon,” Senator Hume, the minister of Women’s Economic Security of Australia and representative of the […] The post Australian senator lends support to DeFi amid market pullback appeared first on CryptoSlate.

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Dubai to Allow Crypto Trading within Tax-Exempt Economic Zones

The Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support the trading of cryptocurrencies in DWTCA's free zone, reported the state news agency.

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How DIFX Stands Apart from Other Exchanges with Its Unique Trading Pairs

It is only natural for multi-asset traders to take an interest in cryptocurrencies. After all, blockchain is on its way to becoming one of the top five emerging technologies. In fact, The World Economic Forum made a prediction that by 2025, blockchain tech will account for 10% of the Gross Domestic Product worldwide.

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Only 0.02% of Stimulus Checks Spent on Bitcoin, says Cleveland Fed

EIPs had a 3. 8% increase, a “significant but modest” effect in the volume of BTC/USD buy trading volume, same as in Japan, Singapore, and South Korea, which was limited to younger people. As such, policymakers shouldn’t be concerned about money being diverted to crypto when considering similar economic relief programs in the future, the Fed said.

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Indian Authorities May Slap 18% Tax on Foreign Crypto Exchanges

Foreign cryptocurrency exchanges and bitcoin (BTC) trading venues in India may soon be required to start paying 18 percent goods and services tax (GST), according to an Economic Times report on July 2, 2021.

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PBoC Talks Crypto ‘Hype’ with Banks and Institutions & Prohibits Use of Their Services

They will also increase the investigation and monitoring of customers, including exchanges and OTC dealers and capital transactions, and will take immediate action against those still involved because crypto trading “disrupt normal economic and financial order” and “infringe people's property safety.

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“Netherlands Must Ban Bitcoin Now,” says Director for Economic Analysis

Pieter Hasekamp is calling for a complete ban on crypto — mining, trading, and holding because they are only good at privacy which is used by criminals, while government money works just fine with “hardly any currency devaluation.

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US investors made over $4 billion trading Bitcoin last year

A recent report from cryptocurrency analytics firm Chainalysis has shown that quite a number of countries made massive gains in their Bitcoin investments when compared to their traditional economic rankings.

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eToro Adds Chainlink And Uniswap Following An ‘Explosion In Retail Investor Appetite’

The crypto market has been scoring huge wins of late as digital assets win in recognition in various economic sectors across the world. The latest break-through happens to involve one of the world’s largest online-based trading platforms, eToro.

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Monetary Authority of Singapore (MAS) Warns: Crypto is ‘Highly Risky’ & ‘Not Suitable for Retail Investors’

Singapore is warning the public about the risks of trading cryptocurrencies. Tharman Shanmugaratnam, the chairman of the Monetary Authority of Singapore, in response to a parliamentary question on Monday said, “Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals.

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Trump's former economic advisor explains why Bitcoin is not a 'reliable store of value'

On its way down, the price of Bitcoin often comes across many bearish sentiments claiming why the asset should not be trading high in the first place. In one such outlook, economic advisor to former PThe post Trump's former economic advisor explains why Bitcoin is not a 'reliable store of value' appeared first on AMBCrypto.

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Crypto Is Booming in Economically Challenged Argentina

Argentina's crypto industry saw record trading volumes this year, amid the COVID-19 pandemic and economic hardship.

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As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program.

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Here’s the Current Political Event That’s Driving Bitcoin Higher: Economist

Bitcoin has rapidly become a macro asset throughout the past few weeks and months, with the crypto trading largely based on global economic trends and events This has greatly benefited the cryptocurrency as of late, with a combination of stock market strength, weakness in the Dollar, and some economic uncertainty in the future all bolstering it One economist is now noting that there is one crucial economic event that will likely guide Bitcoin’s price action […]

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Social Welfare Business Camp Global Lists CAMP on ProBit Exchange

Camp Global, a Korea-based transparent donation and economic development blockchain platform has listed its CAMP token on ProBit Exchange on October 16 with the pairing of KRW and USDT markets for the trading community.

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Bitcoin Sell-Off Accelerates amid US Stock Downtrend; Crash Ahead?

Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11,263 as of around 0900 UTC, suggesting that it could correct further lower in the US trading […]

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RTTFX – an up-to-date professional trading partner for life

Looking to invest your finances with great returns? Your search ends here. The new year brought with itself economic slowdown and market ambiguity. As businesses are being affected by the global Covid-19 pandemic, traders are finding it difficult to trust any broker or online trading company.

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Interest in Bitcoin Soars in Egypt Amid Economic Crisis and Unemployment

A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading.

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Cardano (ADA) price rebounds after support break

Cardano (ADA) price is trading over 6% higher this week as the buyers attempt to stage a rebound after breaking below the multi-month supporting line.   Fundamental analysis: Developing a secure framework is key Charles Hoskinson, the founder of Cardano, said the ultimate goal of his blockchain project is to develop a secure framework that offers consumers comprehensive economic identities.

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Here’s How Stock Market Turbulence Could Crush Bitcoin Short-Term

Bitcoin has been trading in close tandem with equities throughout the past several days Heightened correlation to risk-on assets is a common BTC trait during times of immense global turbulence Although this strikes a blow to its safe-haven narrative, the cryptocurrency still has a long way to go before it fully decouples with the traditional markets This global economic turbulence that is weighing on Bitcoin may only get worse as the year drags on and […]

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Spectre.AI's Reverse Futures allows trading on Positive Stocks in the past!

2020 has been extremely opportunistic from a professional trading perspective. Although the larger economic landscape has suffered due to the current Pandemic, several organizations have had their stoThe post Spectre.

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Bitcoin Trading Volume Sets New Highs Across Latin America

Bitcoin trading activity in South America is still on the rise with Argentina and Venezuela seeing new weekly volume records. With the coronavirus pandemic exacerbating the economic situations in different countries, people are moving increasingly towards hard money assets like Bitcoin (BTC) to preserve wealth or escape currency debasement.

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Gold Sails Over $2,000 While Economic Fears Persist

The price of gold finally managed to break above the precarious $2,000 level during trading Tuesday, marking a new all-time high for the precious metal. The rapid pump from the previous all-time high of $1,900 reflects the growing concerns that the market has regarding the current economic outlook.

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This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor

Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading range since the start of May. The equities market has been stable as of late, with its ongoing consolidation coming close on the heels of a historic rebound […]

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Lebanon: Raging Monetary Crisis Means Lebanese Lira Is Now Worth One Satoshi

The Lebanese Republic, a Western Asian nation bothered by Israel to the South and Cyprus to the west, has been faced with serious economic turmoil in recent times, with the nation’s currency, the Lebanese Lira now trading at 9,600 against the U.

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Why Binomo Is The Platform of Choice For Millions of Traders

Online trading is gaining more popularity in light of the current global financial situation and many would like to try themselves in the role of a trader. Most people think that in order to become a trader, they need a higher economic education or have an over-developed intuition.

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Here are trading strategies you can use to win during economic uncertainties

The current pandemic we are facing right now has resulted in economic uncertainties throughout the globe, pushing different companies to close down and leaving a number of our population unemployed.

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Why Bitcoin Trading in Tandem With the S&P 500 Isn’t a Bad Thing: Analysts Explain

One of the most common narratives in the Bitcoin space is that it is entirely uncorrelated with other financial markets. Because cryptocurrencies are mostly separate from normal economic trends, it was easy for many to think that BTC is unaffected by, say, a recession.

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India’s Crypto Trading Volume Soars Amid Economic Crisis

Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said.

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Moving Forward Through Tough Times, an Interview with OKEx’ Jay Hao

NewsBTC asked a few questions to Jay Hao, CEO of the world’s leading crypto-asset exchange and trading platform to understand his perspective of the current global economic scenario and future of cryptocurrencies.

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Buying and Trading Real Estate Online with Blockchain

Today’s changing economic conditions increasingly demand that you have diversified incomes. Finances can change on a dime, and a single stream of income doesn’t guarantee financial security anymore.

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The Federal Reserve Chairman Just Made the Ultimate Case for Bitcoin

For the first time since its creation, Bitcoin is now trading within an immense period of global economic instability. The Coronavirus pandemic has caused governments and central banks across the globe to take extreme actions in order to curb the damage done by a virtually frozen global economy. The over $8 trillion globally that has...

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