Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency […]
Egypt’s Growing P2P Volumes Being Driven by Crypto Traders Under the Age of 34
A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021. The Premium on BTC In addition […]
Torum Closes Million Dollars Private Round to Create Social Media Platform With NFT and DeFi
PRESS RELEASE. Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry. The $1.45M private round was participated by 13 private investors which consist of AU21 Capital, Momentum 6, Lotus Capital, Consensus Lab, Redline […]
Bitgo Chosen to Manage Seized Cryptocurrencies for the US Marshals Service
The U.S. Marshals Service has published a contract showing the crypto custodian Bitgo has been chosen to manage law enforcement’s seized bitcoin acquired through criminal forfeiture. The contracted deal is $4.5 million for the storage, maintenance, and disposal of cryptocurrencies according to documents released on Wednesday. USMS Pens a Deal With Bitgo During the last […]
Know what makes Clover the next generation of Decentralized Finance on Polkadot
DeFi or Decentralized Finance has been perhaps the most significant impetus of the new crypto positively trending market. From stablecoins… Continue reading on The Capital »
In 24 Hours Grayscale Buys $1Billion In Crypto
As of April 21, the Grayscale owns $45.8 billion worth of Bitcoin and other cryptocurrencies. Grayscale Investments has acquired another incredible amount of crypto in just 24 hours of $0.9 billion worth of digital assets. Grayscale has bought more altcoins to add to its already huge holdings. As of April 22, the company has acquired 519 […]
Ether Set another record high above $2,560 pushing the market cap close to $300 billion
Ether spiked as much as 8.5% on Thursday to another record high above $2,560, pushing the market capitalization of the cryptographic money… Continue reading on The Capital »
What is Uniswap’s token issue: Everything you should know
Uniswap, the well-known Ethereum-based decentralized trade, is by and by thought to be excessively brought together for a few. A symbolic… Continue reading on The Capital »
Here’re some reasons why you shouldn’t ignore Cosmos (ATOM). Is it worthy of investing in?
Cosmos is a project that aims to solve some most challenging problems faced by the blockchain industry. It offers solutions to the… Continue reading on The Capital »
On Earth Day, Ripple Co-Founder Chris Larsen Says Bitcoin Should Switch to Proof-of-Stake
In a recent Earth Day blog post, Ripple co-founder Chris Larsen urges Bitcoin miners, and core developers to consider abandoning the Proof-of-Work consensus mechanism. Let’s work with the people who create and contribute to the Bitcoin code, key miners, exchanges, and core developers-to consider opting out of PoW. Larsen argues that such a change would be […]