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Tag: Cryptocurrency

How IRS will tax Bitcoin ETFs
Crypto News

How IRS will tax Bitcoin ETFs

With only one share, investors may get exposure to a wide range of assets and industries thanks to exchange-traded funds also known as ETFs. Investors may purchase bitcoin without actually possessing the cryptocurrency by using a bitcoin exchange-traded fund. An ETF is introduced by many entities. Regarding the bitcoin ETF, funds are contributed to a […]

El Salvador moves Bitcoin to offline vault
Crypto News

Bitcoin surges to $45,000 first time since April 2022

With hope surrounding the potential licensing of exchange-traded spot bitcoin funds, the world’s largest cryptocurrency kicked off the New Year with a bang as Bitcoin surged beyond $45,000 on Tuesday for the first time since April 2022. With its highest year performance since 2020, Bitcoin gained 156% last year and reached a 21-month high of […]

Nigeria to develop cNGN Stablecoin in 2024 - Report
Crypto featured

ICYMI: Nigeria to develop cNGN Stablecoin in 2024 – Report

Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency trading through official channels. The new stablecoin cNGN is being developed by a consortium of Nigerian banks, fintechs, and blockchain businesses and will be consistent with the regulations set by the stakeholders and controlled Naira […]

Crypto market hits $3.5trn, altcoins shine in bull run
Business

Why CBN’s cryptocurrency approval will increase govt income – Operators

Crypto ecosystem stakeholders have stated that regulating cryptocurrencies will provide new tax income for the government. The PUNCH reported that they spoke after the Central Bank of Nigeria lifted the prohibition on cryptocurrency transactions in a circular issued on Friday. The banking authority has already instructed all banks to refrain from engaging with cryptocurrency businesses in […]

Binance founder Zhao steps down
News Tech

Binance founder Zhao steps down

Changpeng “CZ” Zhao is leaving his position as CEO of Binance as part of a significant $4 billion deal with the Department of Justice and the cryptocurrency exchange he founded, Forbes reported on Tuesday. The move follows a Tuesday settlement with the Office of Foreign Assets Control, the Financial Crimes Enforcement Network of the Department […]

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Why stocks may yield higher profits than cryptocurrencies – Stockholders

Stockholders in the capital market have said that the equities market can deliver greater returns for young Nigerians than bitcoin and foreign exchange trading. According to The Punch, this information was revealed at the “Deepening Financial Inclusion in the Retail Investor Ecosystem” NGX Regulation Retail Investor Workshop. Speakers at the event made the point that youths may […]

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