cryptocurrency

Avalanche “Ethereum-Killer” Cryptocurrency Grows to $28 billion Market Cap

“I’m Bullish on Blockchain, not Crypto”

Prolonged exposure to the trading or finance space will likely expose you to that sentence at nauseum. This sentiment is popular for good reason. In an age of rug pulls and decentralized-meme investment, the crypto space feels like the wild-west. Blockchain’s potential applications are likely as extensive as the internet’s in 1990, however, it’s current applications can make imagining that future hard.

The crypto-currency Avalanche (AVAX) is taking a step in taming the west. Avalanche is a smart-contracts platform similar to Ethereum, boasting large-scale improvements in efficacy. Avalanche claims that it has a

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What Is Cryptocurrency? | Money

By now, you’ve likely heard of cryptocurrency. But you need to actually understand what it is and how it works before you invest.

Bitcoin, Ethereum, Dogecoin and others have surged in popularity, and it seems like everyone wants to get in on the action. Now, everyday investors can: Buying crypto is now as easy as opening the Venmo app, and it can be traded like stocks and bonds via trading apps like Robinhood.

But the actual technology behind cryptocurrencies is a bit complicated. While it’s easy to get swept up in the excitement around how some investors are making a

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BREAKING: Nigerian Court Unfreezes Accounts Blocked For Cryptocurrency Trading In Big Win For Traders

A Federal High Court sitting in Abuja on Monday vacated an interim order which directed the Central Bank of Nigeria (CBN) to freeze accounts of two firms in two banks that were linked to cryptocurrency trading.

The firm, Rise Vest Technologies Ltd, is one of the firms offering brokerage services for Nigerians to invest in foreign stocks.



CBN claimed, among others, that some of such deals contravened its directive and were part of what was making the naira weaker against the US dollar.

Justice Taiwo O. Taiwo in his judgement held that the CBN could not rely on a mere

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Learn How You Can Build Passive Wealth with Cryptocurrency

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Most small-business owners rely on their own money to get started. Seventy-seven percent of businesses start out of an entrepreneur’s personal funds. Because of that fact, most entrepreneurs start out in a hole and can’t expect to be profitable overnight. If you’re sinking your own money into a venture, it’s important that you don’t rely solely on that business for your money. Finding

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Technext to Host Africa’s Biggest Cryptocurrency Conference 2021

Tech media organisation, Technext is set to hold its maiden event, Technext Coinference 2021. The event will provide a visible platform for key players in the African blockchain tech ecosystem and crypto enthusiasts to discuss the possibilities of cryptocurrencies, in order to position for future leverage.

The maiden event is billed to hold on Thursday, December 9, 2021, at the Pistis conference centre in Lagos. With a proposed physical audience of at least 1,500 and a virtual attendance of at least 3,000, the event is set to be the biggest gathering of cryptocurrency enthusiasts, innovators and regulators in Africa, so

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eNaira more reliable than cryptocurrency, says CBN

The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies.

The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to sensitise stakeholders and the general public in Abia and Ebonyi States.

Okwuosa described the eNaira as a legal tender issued by a sovereign nation and regulated by the Central Bank of Nigeria, whereas cryptocurrencies are unregulated.

He said, “Digital currency (eNaira) is more reliable than cryptocurrency which is not regulated.”

The fair themed ‘Promoting financial stability and economic development,’ provided an opportunity for stakeholders and the

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Lack of regulation affecting cryptocurrency probe, says EFCC

The Economic and Financial Crimes Commission has said lack of regulation of the operation of cryptocurrency is a major challenge inhibiting its investigations.

The Chairman of the EFCC, Abdulrasheed Bawa, stated this at a webinar in Lagos on ‘Digital currencies and crypto derivatives: Banking, regulatory and cybersecurity’.

The programme was organised by the Attorney General Alliance Africa in collaboration with the Lagos Business School, the EFCC, and the Fintech Association of Nigeria.

Bawa, who was represented by the Head of Cybercrime Unit of the agency in Lagos, Whyte Dein, identified other challenges as knowledge gap in

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Milestone: Cryptocurrency market value blows past $3 trillion | Crypto News

The overall market cap of cryptocurrencies hit $3.3 trillion on Monday, according to CoinGecko pricing.

By Bloomberg

The cryptocurrency market is now worth more than $3 trillion.

The little more than a decade old market for digital assets has already roughly quadrupled from its 2020 year-end value, as investors have gotten more comfortable with established tokens such as Bitcoin and networks like Ethereum and Solana continue to upgrade and attract new functionality. Excitement about the possibilities of decentralized finance and non-fungible tokens is growing, and memecoins like Dogecoin and Shiba Inu continue to attract attention.

“Bitcoin appears to

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Squid Game cryptocurrency collapses in apparent scam | Cryptocurrencies

The value of a cryptocurrency inspired by the popular Netflix series Squid Game collapsed on Monday less than two weeks after investors could start buying tokens.

After jumping more than 310,000% in value as of Sunday night, Squid lost all its value after Twitter flagged the cryptocurrency’s account and temporarily restricted it due to “suspicious activity”.

Right before its collapse, the token’s value had spiked to $2,856. The token’s website and social accounts have disappeared, along with a white paper describing Squid.

The token was made available for purchase on 20 October with the idea that the cryptocurrency would be

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Squid Cryptocurrency Crashes, and Investors Lose Money

Millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours.

The cryptocurrency, called Squid, began trading early last week at a price of just one penny per token. In the following days, it drew attention from a number of mainstream media outlets. By early Monday, it was trading at $38 a token on a cryptocurrency exchange called Pancakeswap.

Then Squid went on a roller-coaster ride. In a 10-minute span later on

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