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Bitcoin

Tether Expands Bitcoin Reserves With $1 Billion Purchase, Holdings Reach 86,335 BTC

September 30, 2025

Tether, the issuer of the USDT stablecoin, has boosted its Bitcoin reserves with a $1 billion purchase, reaffirming its strategy of diversifying holdings beyond U.S. Treasuries. Today, blockchain data showed that Tether

News·Technology·World News

Crypto Market Surges As President Trump Pauses Tariffs On Canada, Mexico

February 4, 2025

The crypto market experienced a rebound after U.S. President Donald Trump agreed to halt proposed tariffs on Canada and Mexico temporarily as reported by Prime Business Africa. This decision comes as negotiations

Dollar, Bitcoin Rise As Trump Trump Wins Election

Finance & Economy·Markets·News

Dollar, Bitcoin Rise As Trump Wins Election

November 6, 2024

The victory of Donald Trump, in the United States 2024 Presidential election has triggered a significant surge in the value of dollars and Bitcoin in the financial market. Analysts attribute the development

Business News·News·World News

Bitcoin Surges To $61,000 As Federal Reserve Meeting Looms

September 19, 2024

Bitcoin has shaken off the typical September slump, surging to a three-week high of $61,000. The flagship cryptocurrency saw a significant rise, even as the market anticipates potential impacts from the U.S.

Business News·News·World News

Cryptocurrency Market Faces Downturn As Bitcoin, Ethereum Experience Losses

September 7, 2024

Cryptocurrency Market Declines by 3.27% The overall cryptocurrency market faced a challenging week as its total market capitalisation dropped by 3.27%, settling around $1.91 trillion as of Friday. The week was marked

Business News·News·Technology·World News

Australians Lose $122m To Crypto Scams In 1 Year

August 29, 2024

Crypto Scams Surge in Australia: $122 Million Lost Australians have lost over $122 million to crypto investment scams in the past 12 months, with those under 50 being the primary targets. The

News·Technology·World News

Crypto Millionaires Surge By 95% Amidst Rising Popularity Of Exchange-Traded Funds

August 28, 2024

Global Increase in Crypto Millionaires The global population of crypto millionaires has surged by 95% over the past year, according to a recent report by New World Wealth and Henley & Partners.

Business News·News·World News

Bitcoin Reacts To U.S. Inflation Data: What’s Next For The Cryptocurrency?

August 17, 2024

Bitcoin and Inflation: A Volatile Week Bitcoin’s price saw significant swings this week as the U.S. Consumer Price Index (CPI) report was released. The cryptocurrency’s value surged ahead of the report, reflecting

Crypto industry loss to hacks reduced by 54.2% in June, only $176 million lost

Business News·News·World News

Crypto Hacks In June Drop By 54.2% As Industry Sees $176m In Losses

July 2, 2024

Crypto Losses Decline in June The month of June witnessed a notable decline in crypto hacks and exploits, with net losses dropping by 54.2% compared to May. The industry recorded a net

Prices Of Bitcoin Continue To Decline – New Report

Business News·News·World News

Bitcoin Declines To $61k As Traders Lose Over $280m Amid Multiple Factors

June 24, 2024

Bitcoin Faces Significant Losses The cryptocurrency market is experiencing increasing losses following Bitcoin’s second-worst weekly decrease in 2024. This decline is attributed to the waning demand for Bitcoin exchange-traded funds (ETFs), ambiguity

Business News·Currency·News·World News

Bitcoin, Ethereum Prices Rebound Following Interest Rate Uncertainty In U.S.

May 3, 2024

After a turbulent week characterized by speculative activity before a crucial Federal Reserve meeting and its potential impact on interest rates in the US, the prices of Bitcoin and Ethereum have rebounded.

Business News·News

More Than 20% Of Nigerians Uses Bitcoin For Transaction Daily- Report

April 28, 2024

20% of Nigerians, or one in five, use Bitcoin regularly, according to recent research by the open-source blockchain website Elastos. 1,407 self-described “tech-savvy” respondents from seven countries—Nigeria, Brazil, Germany, South Korea, UAE,

Expert Predicts Bitcoin Hitting $180,000 By End Of 2025, Urges Nigeria To Build Crypto Reserve

Business News·News·World News

Bitcoin Price Dips Below $64,000 As Crypto Market Sees $209m In Liquidations

April 25, 2024

There was a notable decline in the cryptocurrency market, with the price of Bitcoin dropping below $64,000 and the liquidation of almost $209 million in long holdings on Thursday. As of right

Markets·News·World News

Bitcoin Miners Strike Gold With $2bn Revenue In March

April 2, 2024

Bitcoin miners struck proverbial gold in March, raking in over $2 billion in block rewards and transaction fees, marking a milestone in the cryptocurrency’s history. This figure eclipses the previous record set

Argentines Purchase Bitcoin Instead Amid US Dollar To Fight Inflation

Currency·News·World News

Argentines Purchase Bitcoin Instead Of US Dollar To Fight Inflation

March 21, 2024

As inflation continues to plague Argentina, citizens are turning to alternative means to safeguard their wealth. Bitcoin, the world’s leading cryptocurrency, has emerged as a popular choice, with Argentines embracing it as

Business News·Markets·News

Binance Adopts Price Caps As Presidential Aide Advocate Ban On Forex

February 22, 2024

In response to mounting concerns from Nigerian authorities, Binance, a prominent peer-to-peer cryptocurrency exchange, has taken measures to control the selling price of the cryptocurrency stablecoin, Tether, on its platform. This move

Business News·Currency

Bitcoin Price Dynamics Signal Mixed Market Sentiment As Value Fluctuate Hovers Around $40,000

January 24, 2024

Bitcoin's price journey on Jan. 24, 2024, unfolds as a complex interplay of volatility and recovery.

News

Bitcoin Rises To $45,000 Since April 2022 Amid High Hopes For Spot Bitcoin ETF Approval

January 2, 2024

Bitcoin surged above $45,000 for the first time since April 2022, showcasing its strongest annual performance since 2020 with a remarkable 156% gain last year.

Currency·World News

Surge In Crypto Stocks: Bitcoin Crosses $42000 Mark First Time Since April 2022

December 4, 2023

Cryptocurrency-related stocks listed in the United States (US) surged on Monday, looking to extend their strong November gains, as bitcoin topped $42,000 to hit a fresh high for the year. Shares of

Business News·Currency·News

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

November 23, 2023

Twenty-four hours after Binance founder, Changpeng Zhao resigned and pleaded guilty in a settlement with United States authorities, outflows from the world’s largest crypto exchange by trade volume have exceeded $1 billion,

Business News·Currency·News·World News

FTX Reopens Claims Portal In Wake Of Cybersecurity Breach

September 17, 2023

In a recent twist to the ongoing saga of the bankrupt cryptocurrency exchange FTX, the company has reopened its claims portal for customers affected by its collapse. According to Bitcoin, the move

$2bn Stolen In Cryptocurrencies In 2023 - Report

Technology

Top 10 Cryptocurrencies To Invest In 2023

May 14, 2023

The article provides information on the top 10 cryptocurrencies to invest in 2023 based on various factors such as pricing, roadmaps, targets, future run, and mass appeal.

Five Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Business News·Insights·Markets

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

January 11, 2023

In 2022, Nigeria experienced historic inflation, with the rate closing in November at 21.47 per cent, the highest level in 17 years. Within 11 months, inflation soared by 37.6 per cent, having

Business News·Personal Finance

Binance Coin, 3 Other Cheap Cryptocurrencies To Help Grow Your Wealth In 2023

January 4, 2023

In the last decade, the Cryptocurrency industry has positioned itself among investable assets that could grow wealth. The quest that started in 2009 through the creation of bitcoin, has now birthed other

Business News·Technology

Updated: Top 5 Cryptocurrency Trends To Expect In 2023

December 29, 2022

Year 2022 was tumultuous; it was filled with significant upheavals and disruptions for the cryptocurrency sub sector. Of all, the most notable event was loss of more than 50% of value for

Business News·World News

US Issues New Directive To Regulators After Cryptocurrency Investors Lost Over $1 billion

September 19, 2022

The United States government have warned that investment in Bitcoin, Ethereum and other cryptocurrency are risky to investors, as it proceeds with plans to regulate the digital asset market. Recall that between

Business News

How Cryptoqueen Stole $4 billion From Cryptocurrency Investors Hoping To Make Quick Cash

July 1, 2022

In 2014, Ruja Ignatova created a cryptocurrency idea called “OneCoin”, which she claimed would become the next bitcoin. She promised individuals willing to buy OneCoin high returns and low risk. Ignatova, known

Business News

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

June 18, 2022

Bitcoin (BTC) investors lost a whopping $29.45 billion in the early hours of Saturday, after the cryptocurrency crashed by -7.54%, to its lowest price in two years, $18,926.50, as the bears extended

Business News·Technology

NairaEx Founder, David Ajala, Reveals How CBN Cryptocurrency Ban Made Bitcoin, Others More Popular

June 15, 2022

David Ajala, the Chief Executive Officer and founder of Nigerian cryptocurrency exchange, NairaEx, said the Central Bank of Nigeria (CBN) ban on cryptoasset trading affected user transactions in the Nigerian digital currency

Business News

Bank Of America Says Cryptocurrency Merger To Halt Market Crash

June 15, 2022

Consolidation of cryptocurrencies might be the key to halting the depreciating value of bitcoin and other digital currencies according to Bank of America analyst, Jason Kupferberg. The suggestion was made following a

Business News

People Want Bitcoin, Other Cryptocurrencies To Become Payment Option For Goods – Bank of America

Bank of America says more people want to use bitcoin and other cryptocurrencies as a payment method, other than the central bank-back paper currency being used across the world, according to its survey. The United States financial institution, on Monday, disclosed that

June 14, 2022

Business News·Markets

Bitcoin Losing Appeal, As Crash Cost Investors $384.7 billion

Investors are currently not seeing bitcoin as a safe haven for their funds, despite inflation ripping through Nigeria, United States and other countries, on the back of the ongoing war between Russia and Ukraine. Bitcoin’s dip comes as a shock considering in

June 13, 2022

News

Bitcoin Investor, Gaius Chibueze, To Give N10 million To Peter Obi, To Compete Against Atiku, Tinubu

Bitcoin investor and Chief Executive Officer of cryptoasset, Tatcoin, Gaius Chibueze, has announced that he will fund Peter Obi’s Presidential bid in the coming general election with N10 million, days after he was announced as Labour Party’s candidate. Chibueze said the N10

June 4, 2022

News

Bitcoin Struggles To Climb Above $30k In Weak Trade

Viral reports say, troubled Bitcoin continues to struggle to climb above $30,000 on Friday, as weak trade soldiers on in the cryptocurrency market that saw approximately $1 trillion go with the wind in recent weeks. Bitcoin, the world’s biggest crypto by

May 30, 2022

Business News

Below $33,000, Bitcoin Hits Lowest Price In 10 Months

Bitcoin, the world’s largest crypto by market cap, on Monday dropped below $33,000 for the first time in 10 months. The volatile asset had last recorded its lowest price in July 2021. The digital currency recently fell as low as $38,000 from

May 10, 2022

Business News

IMF Sends Strong Message On Bitcoins

The International Monetary Fund (IMF) has made a strong case against the adoption of Bitcoin as legal tender by countries. Abebe Selassie, director of IMF’s African Department, made this warning on Thursday at a media briefing on the organisation’s economic outlook for

April 28, 2022

News·Business News

Bitcoin Prices Continue To Decline – New Report

Fin tech company, Coindesk, has reported that the prices of Bitcoin and other rival crypto have continued to fall since early today, Monday, January 24, 2022 – a decline that began last week. According to the report, Bitcoin was trading at $35,075,

January 24, 2022

Business News

Bitcoin Price Skyrockets To Record High Of More Than $68,000

Bitcoin, the world’s largest cryptocurrency by market capitalisation, has skyrocketed to a fresh record high of $68,000. Primebusiness.africa gathered that the price of the cryptocurrency traded 4.1 percent higher on Tuesday afternoon, reaching $68,013 by 3:41 p.m., according to data obtained from

November 9, 2021

Finance & Economy·Top Stories

Bitcoin Rises Above $50,000

BITCOIN returned to above $50,000 on Monday for the first time in three months as investors stack back into the cryptocurrency on bargain-buying. The unit ascended around 2% to $50,249.15, its highest since mid-May, when it began tumbling on a range of

August 23, 2021

Finance & Economy·News·Personal Finance

Nigerian traders share experiences after FG’s ban on Cryptocurrency

In a country where unemployment is on the rise (National Bureau of Statistics pegs Q4, 2020 unemployment rate at 33.3%) young Nigerians have taken to trading in cryptocurrency as a means of employment. This is what necessitated the uproar among the youths

July 3, 2021

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