Four fintech companies have been instructed by the Central Bank of Nigeria to stop opening new accounts, citing the possibility that bitcoin dealers may utilize them. A representative of an impacted fintech company has linked the Central Bank’s instruction to an ongoing assessment of the Know Your Customer (KYC) protocols these companies have put in … Read more
More than half of participants in a recent Deutsche Bank survey anticipated cryptocurrencies to grow in importance as an asset class and a form of payment. Furthermore, 10% of participants anticipate that by year’s end, the price of bitcoin will surpass $75,000. The Crypto Survey by Deutsche Bank This week’s publication of a survey by … Read more
The CEO of Binance has revealed the company’s goals and future course after reaching a settlement with US authorities, such as the Department of Justice (DOJ). He emphasized, “We have moved past that as the company move into greater maturity,” saying the cryptocurrency company is concentrating on “sustainability.” “The Path of Travel Is Quite Evident.” … Read more
According to the CEO of Vaneck, the applications for spot Ethereum exchange-traded funds (ETFs) may be denied in May when the U.S. Securities and Exchange Commission (SEC) meets its decision-making deadline. His company is one of the ones applying to have a spot ether ETF approved. The CEO emphasized, “As far as Ethereum is concerned, … Read more
A bitcoin mining company called Bitdeer just announced the release of what it calls its “first cryptocurrency mining chip.” According to Bitdeer, the chip might be able to increase bitcoin mining efficiency without using an excessive amount of power. A New Rig to Reduce Operating Expenses for Bitcoin Miners Leading bitcoin mining company Bitdeer has … Read more