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Tag: Cryptocurrency

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Crypto firm founder pleads guilty to market manipulation in US

The founder and CEO of cryptocurrency market-making firm Gotbit, Aleksei Andriunin pleaded guilty on Friday to U.S. charges of market manipulation and wire fraud. Prosecutors accused Andriunin of orchestrating a scheme to artificially inflate trading volumes for digital tokens on behalf of client companies. The Russian national and his company entered their guilty pleas in […]

US seizes servers, $1M in Bitcoin from Russian ransomware gang
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Crypto market faces sharp decline amid Mt. Gox bitcoin transfers

The cryptocurrency market witnessed a downturn on Tuesday, with its total market capitalization plummeting to $2.44 trillion—the lowest level since early November. Leading digital assets, including Bitcoin and Ethereum, experienced sharp declines, raising concerns about the stability of the current bullish cycle. Bitcoin fell below $77,000 for the first time since November 2024, while Ethereum […]

Bitcoin falls below $100,000 in crypto market
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Crypto market hits $3.5trn, altcoins shine in bull run

The total cryptocurrency market capitalization has surpassed $3.5 trillion, with several altcoins showing strong performance amid a bullish rally. Currently valued at $3.51 trillion, the market has gained approximately $358 billion in valuation. Notably, Dogecoin and Cardano emerged as top performers this week, both recording significant growth as the broader market surged past the $3.5 […]

Crypto influencer Kevin Mirshahi found dead months after abduction
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Crypto influencer Kevin Mirshahi found dead months after abduction

The body of Kevin Mirshahi, a well-known Canadian crypto influencer, was found in a Montreal park on October 30, months after he was abducted in June. A passerby found his decomposing body at Île-de-la-Visitation Park, and an autopsy report released on Wednesday confirmed his identity. Mirshahi, who was abducted on June 21 alongside three others […]

Crypto Market sheds $130bn amid Trump tariff
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ICYMI: Nigeria’s cryptocurrency transactions hit $59bn

Nigeria has established itself as a global leader in cryptocurrency adoption, trading approximately $59 billion as it rank second overall in the Chainalysis Global Adoption Index. Between July 2023 and June 2024, the country traded about $59 billion in cryptocurrency. Notably, about 85% of transfers received in Nigeria are for amounts less than $1 million, […]

Crypto

Global cryptocurrency ownership surges to 562 million

Global adoption of cryptocurrencies has risen to 562 million, marking a 34% increase from 2023. The significant growth shows the growing reach of digital assets which are now owned by about 6.8% of the world population., according to Nairametrics. Triple A’s report revealed that there are now 562 million cryptocurrency owners worldwide, providing a detailed […]

BlackRock's Bitcoin ETF surpasses Grayscale, becomes world’s largest
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BlackRock’s Bitcoin ETF surpasses Grayscale, becomes world’s largest

BlackRock’s spot Bitcoin Exchange Traded Fund, known as the iShares Bitcoin Trust, has overtaken Grayscale’s Bitcoin Trust to become the world’s largest Bitcoin ETF. The United States Securities and Exchange Commission approved spot Bitcoin ETFs in early January, allowing both BlackRock and Grayscale to launch their products simultaneously. According to Bitcoin Magazine, as of yesterday, […]

Crypto

Crypto startup funding hits $2.4bn in Q1 2024

Alex Omenye In the first three months of 2024, funding for crypto startups surged for the second consecutive quarter, reaching a staggering $2.4 billion, according to data from PitchBook. This significant uptick in investment comes amidst anticipation of decreased interest rates and the landmark introduction of the first U.S. bitcoin spot exchange-traded fund (ETF), enticing […]

Crypto

Top ten cryptocurrency exchanges in the world

Alex Omenye The cryptocurrency exchange industry is undergoing a shift towards transparency and compliance, driven in part by the recent legal actions against former industry leaders Sam Bankman-Fried and Changpeng Zhao. The rise in the price of bitcoin, now trading at $61,568, has also facilitated this transformation, fueled by the influx of funds into U.S. […]

Crypto platform Kucoin suspends P2P trading
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Crypto platform Kucoin suspends P2P trading

The global crypto exchange Kucoin has announced the suspension of all naira-based peer-to-peer trading. This comes three weeks following a meeting between Nigeria’s Securities and Exchange Commission (SEC) and blockchain industry stakeholders, wherein they were urged to cease peer-to-peer trading. In a notification to users, Kucoin stated, “As part of ongoing efforts to enhance our […]

US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment
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US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment

Two major banks in the United States, JP Morgan, and Wells Fargo, have made headlines by announcing their investment in Spot Bitcoin Exchange Traded Funds, marking a significant shift towards cryptocurrency adoption within traditional financial institutions. This move comes at a time when the price of Bitcoin continues to fluctuate around $60,000. According to reports […]

Crypto

Nigeria’s peer-to-peer crypto trading worth $500bn – Expert

The Chief Executive Officer of cryptocurrency firm NoOnes, Ray Youssef, has said that peer-to-peer popularly known as P2P is probably worth $500bn business in Nigeria alone. This was revealed by Youssef in an interview with Techpoint Africa amid an imminent ban on cryptocurrency in the country, according to The Punch. Youssef said “Peer-to-peer is probably […]

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