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Binance records $90 billion Crypto trade in China amidst ban
Crypto

Binance records $90 billion Crypto trade in China amidst ban

The world’s largest cryptocurrency exchange, Binance, reportedly facilitated a staggering $90 billion worth of cryptocurrency trades in China. Meanwhile, crypto trading has been banned in China since 2021. The transactions, unveiled by the Wall Street Journal on Tuesday, were detailed in internal figures and confirmed by current and former Binance employees. Curiously, this bustling trading […]

Crypto

Cryptocurrency sector fights back after FTX collapse

The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it. The boss of the largest cryptocurrency exchange platform, Binance, did everything to reassure investors on Tuesday. “The projects that survive this difficult time will be much stronger later on,” said […]

Crypto News

Binance halts FTX acquisition deal

Binance has announced that it would not proceed with the plan of acquiring FTX. Recall that most cryptocurrencies experienced a decrease in the immediate aftermath. However, neither Sam Bankman-Fried nor FTX made any public announcements. Safe to mention that many people and publications have expressed their skepticism over whether Binance would actually follow through with […]

Crypto

Crypto, NFTs based on greater fool theory, says Bill Gates

Co-founder of Microsoft, Bill Gates said investing in cryptocurrencies like nonfungible tokens is based on the greater fool theory. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire expressed doubt about the expensive digital images of monkeys, which are projected to improve the world. Meanwhile, Gates took a defensive position, backing digital banking by supporting […]

Emirates Airline bitcoin NFT
Aviation

Emirates Airlines to accept Bitcoin payments on website

Emirates Airlines is set to begin acceptance of Bitcoin payments and enable the trading of nonfungible tokens (NFTs) on its websites. This was made known by the company’s chief operating officer of Emirates, Adel Ahmed Al-Redha during a media gathering held at the Arabian Travel Market, according to reports. Al-Redha reportedly stated that the Dubai-based […]

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  • May 13, 2022
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Crypto

How FG’s ban on crypto, Twitter crippled Nigeria’s FDI – Report

A new report has stated that restrictions on cryptocurrency transactions and the ban of Twitter in Nigeria crippled foreign direct investment in the fin‑tech industry and adversely impacted millions of young Nigerians earning a living from the sector. The report was titled ‘Africa’s Urbanisation Dynamics 2022: The Economic Power of Africa’s Cities’. The work was […]