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A New Low for the Nigerian Naira The Nigerian currency, the Naira, has recently experienced a significant plunge against the U.S. dollar on the official market. On January 25th, it briefly fell to NGN1,398 per greenback. This new record low almost converged with the parallel market exchange rate of NGN1,400:USD1. Continued Depreciation The depreciation of […]

JPMorgan's Analysis of Bitcoin's Price Outlook Global investment bank JPMorgan has provided its insights into the recent crypto market developments, particularly the decline in the price of Bitcoin (BTC) from over $47,000 to below $39,000 following the approval of the spot Bitcoin exchange-traded fund (ETF). One significant factor contributing to the Bitcoin selloff is the

SEC Prioritizes Crypto Enforcement The U.S. Securities and Exchange Commission (SEC) saw a significant surge in crypto-related enforcement actions in 2023, with a 50% increase compared to the previous year, according to a report by Cornerstone Research. The SEC continues to prioritize cryptocurrency-related enforcement, bringing 46 enforcement actions against various participants in the digital-asset market.

Chinese Investors Seeking Profitability in Crypto Chinese investors are increasingly diversifying their investment portfolios by allocating a portion to cryptocurrency, driven by the current state of the national stock market. Despite the ban on purchasing and trading cryptocurrency in China since 2021, investors have managed to find ways to enter the crypto market and take

The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the approval of spot ethereum exchange-traded funds (ETFs) proposed by Blackrock, the world's largest asset manager, and Grayscale Investments. Grayscale is seeking to convert its existing Ethereum Trust into a spot ETF. Delay in Spot Ethereum ETF Decisions This week, the SEC announced

Self-Directed Gold IRAs are a great way to make investments in gold without having to deal problems associated with buying physical bullion. This kind of account allows investors to buy bullion directly through the state and then store it in their name. Although many prefer holding physical gold, not everyone can get access to it.

Introduction The Bank of England and HM Treasury have released their response to the public consultation on the potential introduction of a digital pound. Over 50,000 responses were received, highlighting the public's interest in the future of digital currency in the United Kingdom. Privacy and Control One of the key concerns raised by respondents was

TrueUSD's Fluctuations Below $1 TrueUSD (TUSD), currently the fifth-largest stablecoin by market capitalization, has been facing difficulties in maintaining its targeted $1 peg since January 15, 2024. On January 17, TUSD's value dropped to $0.9709 per unit, although it briefly recovered to the $0.99 mark the next day. As of 10:30 a.m. Eastern Time (ET)

Abra to Refund Texas Investors in Settlement Over Unregistered Securities Offerings Crypto lender Abra has reached a settlement with the Texas State Securities Board (TSSB) following allegations of unregistered securities offerings. As part of the agreement, Abra will refund assets to Texan investors, with the opportunity for other U.S. clients to reclaim their investments. The

Introduction The Avalanche Foundation, a non-profit organization dedicated to supporting the avalanche ecosystem, has recently revealed the criteria for participating in its meme coin purchasing program. With the aim of promoting the culture and community value of meme coins, the foundation has set specific requirements that projects must meet in order to be considered eligible