Key Takeaways Bitcoin is trading at $38,000 in Nigeria, a premium of 66% The Nigerian central bank has implemented ATM withdrawal limits of $43 per day in push towards a cashless society for Africa’s biggest economy The central bank also announced a rival card system to Visa and Mastercard, in a bid to reduce fees…
Cryptocurrency
Crypto stocks poised as Bitcoin holds $23K ahead of FOMC
Bitcoin miners Core Scientific rose 33% as stocks of Bitfarms, Stronghold Digital, CleanSpark all ended the past week higher. Coinbase and Robinhood shares also rose as Bitcoin broke above $23,000. FOMC meeting is this week and the market reaction will be key to what next for Bitcoin and crypto stocks. A number of crypto-related stocks…
Cryptocurrency
Bitcoin price prediction ahead of Fed decision, NFP data
Bitcoin price declined slightly on Monday after nearing the resistance at $24,000. Macro factors will be the key drivers for Bitcoin and other asset prices. Consumer confidence, Fed decision, and NFP data will be in focus. Bitcoin price pulled back slightly on Monday as investors started focusing on the key economic data from the US…
Cryptocurrency
Crypto markets rallying but damage remains severe
Key Takeaways Bitcoin is up close to 50% from its lows, but is still down over two-thirds from all-time highs Some on-chain metrics show how much the rally pales in comparison to the prior fall Positive news from the industry remains few and far between, as market prepares for latest interest rate policy, to be…
Cryptocurrency
30 million Bitcoin addresses in profit as metric hits 9-month high
Bitcoin addresses in profit is at a 9-month high of 30+ million. More unique addresses in profit were last above 30 million in early April 2022. Non-zero addresses also hit a 1-month high while addresses with 0.01+ BTC is at an all-time high. The number of Bitcoin addresses that are currently in profit has reached…
Cryptocurrency
Core Scientific agrees $70 million loan from B. Riley
Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B. Riley. The company will use the funds to pay off an existing loan to avoid defaulting, Core Scientific,…
Cryptocurrency
Tesla lost $140 million on its Bitcoin in 2022
Tesla recorded gains of $64 million and impairment loss of $204 million. The company has revealed it sold 75% of its Bitcoin holdings, and held BTC worth about $184 million as of 31 December 2022. The electric vehicle maker bought Bitcoin worth $1.5 billion in 2021. Tesla has revealed that the company sold most of…
Cryptocurrency
Investors put $116M into Bitcoin investment products as crypto pumped
Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week’s digital asset investment products inflows, with $116 million of the total. Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November. Bitcoin saw the most…
Cryptocurrency
January recap: Bulls back on top, but all eyes on the Federal Reserve
Key Takeaways Crypto banks best January in nearly a decade 68% of the Bitcoin supply in profit, compared to 50% at the start of January Correlation between Bitcoin and risk assets is close to all-time highs, with Federal Reserve’s interest rate policy continuing to hold the key It’s important to celebrate the wins, huh? And…
Gaming
Netflix Exclusive Game, Valiant Hearts: Coming Home, Now Available
Valiant Hearts: Coming Home, the sequel to 2014’s Valiant Hearts: The Great War, is now available to play for all Netflix members. This Netflix-exclusive game can be played by any subscriber on iOS and Android devices. The sequel brings players back to World War I “for a dramatic narrative game following four interweaving stories of…
