Crypto Plunge: Bitcoin Dashes Recovery Hopes as Prices Decline
The leading cryptocurrency by market capitalization falls along with traditional markets after Germany’s producer price inflation hit a record high of 37 percent. Bitcoin (BTC) dropped below $22,000 early on Friday, reversing the gains made after the U.S. Crypto Plunge came in lower than expected last week. This led to a drop in the rest […]
Bitcoin Slumps to $21.5K in Premarket Trading.
Bitcoin Slumps Before the U.S. stock market opens, Marathon Digital and Riot Blockchain are both down more than 10%. As Bitcoin Slumps and its bullish momentum starts to fade, cryptocurrency-related stocks are trading much lower in Friday’s premarket. The cryptocurrency’s price recently went down 8.6% to about $21,500. Marathon Digital (MARA) and Riot Blockchain (RIOT) […]
Study Shows $6B Blockchain Investment from September – June
Blockdata found that Alphabet, the company that owns Google, took part in four Blockchain Investment rounds that raised a total of $1.5 billion. According to a study by Blockdata, between September 2021 and June 2022, 40 of the biggest companies in the world put about $6 billion into Blockchain Investment companies. The study examined the […]
Nigeria’s eNaira Nears $10M Worth of Transactions
There are 270,000 active wallets and 840,000 downloads of the eNaira app. Since it was introduced last October, the eNaira, which is Nigeria’s central bank digital currency (CBDC), has been used to make transactions worth $9.3 million, according to the country’s central bank governor.In a speech on Thursday, Godwin Emefiele, governor of the Central Bank […]
South Africa’s Central Bank ‘Paves Way’ for Crypto Clients
South Africa’s Central Bank said that customers with digital assets shouldn’t be banned “en masse.” South Africa’s central bank said that banks can now deal with funds linked to digital assets and shouldn’t block all crypto clients randomly. The South African Reserve Bank (SARB) said in new guidelines released this week that banks in the […]