Blogs

12
Mar

Nigeria’s crypto future: Striking a balance between innovation and regulation

March 12, 2025
Opinion by: Mohammed Idris, Minister of Information of NigeriaNigeria has emerged as one of the most active and dynamic crypto markets in recent years. From bustling tech hubs in Lagos to grassroots communities in smaller cities, young Nigerians have turned to cryptocurrencies to address fundamental economic challenges, from hedging against inflation to accessing global markets...
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12
Mar

America must back pro-stablecoin laws, reject CBDCs — US Rep. Emmer

March 12, 2025
US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing, while calling central bank digital currencies (CBDC) a threat to American values.On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. Emmer renewed his call for Congress to pass the legislation at...
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12
Mar

Why is Bitcoin price up today?

March 12, 2025, , , , , ,
Bitcoin (BTC) is up 5% over the past 24 hours, as the cryptocurrency rallied from a new local low at $76,450 to a high of $83,786 on March 12. On the weekly chart, BTC’s price retested its 50-weekly exponential moving average or 50W-EMA indicator (blue line) as support.Bitcoin 1-week chart. Source: Cointelegraph/TradingViewAs observed in the...
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12
Mar

Bitcoin whales hint at $80K 'market rebound' as Binance inflows cool

March 12, 2025
Bitcoin (BTC) whales are back buying BTC while “panic” keeps smaller investors away, new research reports.Data from onchain analytics platform CryptoQuant shows sell-side pressure from Binance whales cooling.Bitcoin whales reset market approachBitcoin at $80,000 is proving attractive for large-volume investors — or at least a poor-value selling proposition for those wishing to exit the market.In...
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12
Mar

Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70K

March 12, 2025
Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000.Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss realization...
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12
Mar

SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs

March 12, 2025
The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed.Among the affected ETFs are Grayscale’s...
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12
Mar

Luxury fashion giant LVMH sued over NFT patent tech for watches

March 12, 2025
A company selling smartwatch face designs through non-fungible tokens has sued LVMH, accusing the luxury fashion conglomerate of patent infringement.In a March 10 complaint filed to a Texas federal court, Watch Skins Corporation alleged that LVMH misappropriated its “pioneering NFT display technology.”Watch Skins claimed it developed a unique system that allows users to display verified...
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12
Mar

US House follows Senate in passing resolution to kill IRS DeFi broker rule

March 12, 2025
The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker rule that aimed to expand existing...
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12
Mar

Bitcoin jumps 7% despite metrics flashing ‘bearish territory’

March 12, 2025
Bitcoin has clocked a 7% gain over the past 24 hours despite all of its valuation metrics leaning bearish and US demand recently waning off.“All Bitcoin valuation metrics indicate that we are in bearish territory,” onchain analytics platform CryptoQuant said in a March 11 markets report viewed by Cointelegraph. Demand falling at “fastest pace” since JulyCryptoQuant...
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12
Mar

Starknet to settle on Bitcoin and Ethereum to unify the chains

March 12, 2025
Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and...
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12
Mar

Lone Bitcoin miner wins block using tiny, cheap rig — ‘1 in a million chance’

March 12, 2025
A solo Bitcoin miner using a relatively cheap, pocket-sized crypto mining rig has solved one of the blockchain’s blocks and earned the full $263,000 reward.The miner became the 297th solo miner to mine a Bitcoin block from the solo.ckpool Bitcoin (BTC) mining pool, its developer, Con Kolivas, said in a March 10 X post.He added...
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12
Mar

Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin

March 12, 2025
US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which...
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