Month: February 2024

In recent news, Nigeria has made headlines by requesting telecommunication companies within its jurisdiction to restrict access to popular cryptocurrency exchange platforms, Binance and Coinbase. This move has sparked significant interest and debate within the global cryptocurrency community, prompting questions about its motivations and potential implications. The decision by Nigerian authorities to limit access to…

quick take Ping Exchange introduces a new era in digital assets trading, merging robust security protocols with user-focused asset control. Its standout feature is a hybrid custodial cold storage model, redefining crypto exchange security. Leveraging CorePass ID, Ping offers streamlined user authentication through blockchain-secured identity information and QR code scanning. Assets deposited on Ping remain…

Bitcoin analyst mulls timing of 2024 “pre-halving retrace” Bitcoin has remained confined within a narrow trading range for over a week, with the $52,000 level serving as a notable resistance zone. While this consolidation phase has dampened sentiment and impacted the performance of alternative cryptocurrencies, experienced market analysts maintain a positive outlook. Drawing insights from…

In a recent development, UK Prime Minister Boris Johnson has become entangled in a media controversy involving former Fox News host Tucker Carlson. The dispute centers on an alleged request by Johnson for either Bitcoin or a million-dollar fee in exchange for an interview, an assertion fiercely refuted by the Prime Minister’s team. Carlson, recognized…

quick take Michael Saylor, MicroStrategy’s CEO, intends to retain the company’s Bitcoin holdings for the long term, emphasizing a commitment to investment. With MicroStrategy’s Bitcoin holdings currently valued at around $10 billion, significantly exceeding their initial acquisition cost, Saylor underscores his confidence in Bitcoin’s potential as a store of value. He regards Bitcoin as surpassing…

quick read Some Litecoin holders are feeling frustrated due to the lack of movement in LTC prices. The Litecoin Foundation is calling for unity among all stakeholders. Analysis of on-chain LTC metrics reveals a varied perspective. The Litecoin Foundation acknowledges and addresses the increasing frustrations surrounding the stagnant price of LTC. They emphasize that it’s…

Grok, an artificial intelligence model developed by xAI, founded by Elon Musk in 2023, has distinguished itself with a unique approach to GPT-like models and has achieved notable success on X. One of Grok AI’s standout features is its real-time scanning capability of user conversations on social platforms. This functionality provides valuable insights into user…

According to a recent report from asset manager CoinShares, crypto investment products saw a significant surge in inflows, totaling $2.45 billion over the past week. This notable increase has propelled year-to-date inflows to an impressive $5.2 billion. The influx of capital, combined with recent upward price movements, has driven total assets under management (AUM) in…