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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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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Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

Amid the COVID-19 slowdown, institution-facing liquidity aggregator FalconX has raised $17 million from top VCs in the crypto space.

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If Blockchain Is the Door to the Future of Finance, Liquidity Is the Key

Liquidity should be seen as the primary indicator of the overall health of markets and exchanges — and also as a crucial factor for economic trading.

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Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy

Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value in difficult economic times.

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Cryptocurrency Derivatives Market Sees Daily Trading Volumes Exceeding $20 Billion

Recent data on the cryptocurrency derivatives market indicates that there is still steady growth despite the economic crisis that the world is facing. Trading volume is up from 2019 and many entities are planning to bolster their infrastructure and services.

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The Perfect Storm is Brewing for Bitcoin Because of These Two Trends

Bitcoin is entering uncharted waters as it trades against a backdrop of global economic turbulence, and so far it has held up surprisingly well – posting year-to-date gains while the equities market continues trading well below where it started the year.

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Fractal Analysis: Bitcoin Price Will Rocket 35% Higher Ahead of Halving

Despite the overarching risks of an economic recession, Bitcoin has performed well over the past few weeks, rallying higher and higher over week after week, shunning off bearish narratives. In fact, since the $3,700 bottom, the cryptocurrency has gained over 80%, reaching as high as $7,500 but now trading at $7,050 as of the time of this article’s writing.

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Bitcoin whale refutes predictive power of stock-to-flow model, deems it “dangerous”

Many embattled cryptocurrency investors have been pinning their hopes for 2020 being a positive year for Bitcoin on its widely lauded stock-to-flow (S2F) economic model, which suggests that the benchmark crypto could be trading at roughly $100,000 by 2021.

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Ethereum Activity Declines as Focus Shifts to Bitcoin and Macroeconomic Trends

The spike in Ethereum trading volume seen in February has all but disappeared amid the current economic and humanitarian crisis gripping the world. As macroeconomic trends take center stage, much of the cryptocurrency sector has been left in the shadows — a marginal player amid the worsening crisis, Ethereum is no exception.

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AvaTrade vs eToro Comparison: Fees, Spreads, Pros & Cons

With a looming economic and markets crash, there are a lot of cheap gems that can be bought on exchanges worldwide. Broker platforms like eToro and AvaTrade are a great gateway into the world of trading for small investors who want to wet their feet in the lucrative world of forex, cryptocurrency, indices, ETFs and […]The post AvaTrade vs eToro Comparison: Fees, Spreads, Pros & Cons appeared first on CaptainAltcoin.

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US Stock Futures Plunge as Trading is Halted, NYSE to Open Without People

The world continues to reel from the economic avalanche caused by the rapidly spreading Coronavirus. There has been no letup for stock markets and Sunday saw a huge slide for U. S. stock futures as things go from bad to worse for financial markets.

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Binance CEO Isn’t Worried About Bitcoin, Says “Demand is Increasing”

On February 17, the Dow Jones Industrial Average was near its peak at 30,000, driven by the longest US economic expansion in history. During that time, bitcoin was trading above $10,000. Over the next thirty days, the coronavirus (Covid-19) burst out of China with major outbreaks in Italy, South Korea, France, Spain, Germany, the UK, […]

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In times of uncertainty and fear, Binance goes long on India

Binance has partnered with cryptocurrency exchange WazirX to create a “Blockchain for India” fund worth $50 million. The fund plans on investing upwards of $100,000 in startups working on fiat-to-digital gateways, payment, and remittance solutions, DeFi, and trading platforms, the Economic Times reported.

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Crypto trading app Hxro launches “100M Satoshi Stimulus Package” competition

COVID-19 has changed the lives of nearly every person across the globe, now forcing us to live in virtual isolation. The recent economic turmoil and massive market volatility “Quarantine 2020″ is causing has only just begun to affect both traditional and crypto market traders around the world.

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Global Stock Market Plunge, US Stocks Trading Halted, but IPSE Grows Strongly Against Wind

Coinspeaker Global Stock Market Plunge, US Stocks Trading Halted, but IPSE Grows Strongly Against WindAgainst the background of Global stock market plunge and economic panic, the traffic entrance to the global next-generation value Internet, the construction of the IPSE distributed search ecosystem is running at a high speed.

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