A Federal High Court in Nigeria has ordered Binance to provide detailed information on all its Nigerian users to the country’s foremost anti-corruption agency — the Economic and Financial Crimes Commission (EFCC). The ruling comes amid rising tensions between the crypto exchange and Nigerian authorities over the past month as the country’s fiat currency collapsed… Continue reading Nigeria intensifies probe into Binance with court-ordered data disclosure
Category: Trading
Solana defies overall market trend to hit new all-time high market cap
Solana (SOL ) broke new ground on March 15 after an 11% rally brought its market capitalization to a new all-time high of $82.5 billion at a price of $186.77 per token despite the overall downtrend, which saw the market contract by 4%. This achievement surpasses its prior peak market cap of approximately $77.9 billion… Continue reading Solana defies overall market trend to hit new all-time high market cap
Coinbase looks to raise $1 billion via bond offering amid bullish market trend
Coinbase announced plans to launch a $1 billion bond offering to raise funds for its growth and expansion, according to a March 12 filing . The bonds, designated as unsecured convertible senior notes, are set to mature in 2030, offering investors the option to convert their holdings into Coinbase shares or cash at that time.… Continue reading Coinbase looks to raise $1 billion via bond offering amid bullish market trend
Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2
Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan made the revelation in a weekly memo sent out to investors, parts of which were shared on social media. Influx of institutional interest Hougan wrote that Bitwise, and… Continue reading Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2
Bitcoin sees violent volatility after hitting new ATH second time in a week
Bitcoin hit a new all-time high for the second time this week and once again experienced a violent sell-off that erased its gains and stirred memories of past volatilities in the crypto space. Bitcoin broke its previous record early in the US trading hours on March 8, climbing to an all-time high of $70,136 after… Continue reading Bitcoin sees violent volatility after hitting new ATH second time in a week
Tether co-founder believes Bitcoin could hit $300K based on historic patterns
Tether co-founder William Quigley said Bitcoin could potentially surge to $300,000 at the peak of the current bull market, based on historical patterns of past halvings. He shared the insight during an interview with CNBC, where he discussed the market conditions influencing Bitcoin as the halving approaches. Quigley clarified that his analysis is not a prediction… Continue reading Tether co-founder believes Bitcoin could hit $300K based on historic patterns
$1.7 billion in crypto liquidations occurred after Bitcoin dipped below $46,000
The market cleaned out overleveraged traders in a sudden move downwards yesterday before recovering in the afternoon hours on Monday. Altcoin traders lost over $1.7 billion in the past day as crypto markets took a hit on the back of high funding rates and overleveraged trading. Bitcoin dipped below $46,000 momentarily, while some altcoins fell… Continue reading $1.7 billion in crypto liquidations occurred after Bitcoin dipped below $46,000
Exchanges warn that Hong Kong’s crypto retail trader ban could backfire
Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong.
Bitcoin flirts with $50,000 at the end of a lovely week
On Valentine’s Day, the crypto market was infatuated with Bitcoin (BTC) as the coin broke yet another all-time high, reaching roughly $49,530, according to metrics platform CoinGecko . Bitcoin price chart. Image: CoinGecko Meanwhile, the week leading to February 14 was also quite eventful all by itself, with a slew of Bitcoin-related announcements and news… Continue reading Bitcoin flirts with $50,000 at the end of a lovely week
This crypto hedge fund has grown its AUM by 400% over the past 4 months
CryptoSlate obtained an update on Strix Leviathan , a Seattle-based crypto hedge fund, The team has been in business since 2018 and exclusively trades the crypto markets using proprietary trading tools and algorithms. Strix Leviathan’s Fund, which operates a systematic investment approach by taking long and short directional positions in the cryptocurrency markets. The Fund’s… Continue reading This crypto hedge fund has grown its AUM by 400% over the past 4 months