According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit. Local cryptocurrency stakeholders have lamented the current ban on Binance naira operations in Nigeria, stating it will affect the livelihoods of many Nigerians and could increase youth unemployment…
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Ethena, a project that has recently emerged on the cryptocurrency scene, is capturing widespread attention within the community, garnering interest not just for its innovative product, but also due to the notable names backing the protocol. Let’s explore with Coincu how to receive airdrops from this project and USDe’s usefulness. Table Of Contents What is…
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Key Points BlackRock applies to purchase a Bitcoin ETF, while the SEC defers the decision on an Ethereum Spot ETF. Tether reaches a record market cap of 100 billion USD, signifying increased trust in stablecoins. Bitcoin Breaks ATH and AEVO are set to be listed on Binance. Uncover the latest in crypto with Bitcoin Breaks…
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The global total value locked in DeFi protocols reached $100.1 billion on March 9. These figures, however, still fall short of the $189 billion record set in November 2021. The demand for Bitcoin is fueling sentiment around the crypto industry, driving the capital locked on-chain to over $100 billion on March 9. According to data…
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Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF. Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs). Grayscale…
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According to a recent statement, the OpenAI board was unaware of the extent to which abruptly removing Sam Altman would destabilize the company. Sam Altman has returned to the OpenAI board, following a whirlwind series of events in November last year, where he was initially let go from the company, only to be reinstated within…
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Pro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023. Pro-Bitcoin United States Senator Cynthia Lummis is drafting regulations for stablecoins, a type of cryptocurrency pegged to real-world assets to ensure stable prices. Lummis has been working jointly with Senator Kirsten Gillibrand for several months on a bill aiming to provide…
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Key Points: Grayscale Bitcoin Trust ETF saw a $303 million outflow on March 8, shifting the Bitcoin ETF asset balance. Nine new US Bitcoin ETFs surpass GBTC, managing $27 billion, led by IBIT. On March 8, data from BitMEX Research revealed that Grayscale Bitcoin Trust ETF (GBTC) experienced an outflow of $303 million. Grayscale…
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Key Points: A Coinbase report warns that the AI crypto market is driven by hype and facing competition and technical issues. The AI crypto market surges alongside Nvidia stock, outpacing traditional AI-related stocks. The report cautions against overstating the value of AI tokens and highlights the need for reliable model execution. A recent research report…
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ETH price nears the $4,000 level, but derivatives data points to a slightly overheated market. Ether (ETH) bulls are on a roll after the altcoin’s price surged by 13% in 7 days, reaching the $3,900 level for the first time since December 2021. The current $456 billion market capitalization distances Ether from its competitors. However,…
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