Cryptos Archives - Nairametrics https://nairametrics.com/category/market-news/cryptocurrency-news/ Destination for Business news and analysis from Africa's largest economy Sun, 18 Aug 2024 05:54:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Cryptos Archives - Nairametrics https://nairametrics.com/category/market-news/cryptocurrency-news/ 32 32 201037849 Federal Government to introduce new tax laws by September, targets regulation of cryptocurrency industry  https://nairametrics.com/2024/08/18/federal-government-to-introduce-new-tax-laws-by-september-targets-regulation-of-cryptocurrency-industry/ https://nairametrics.com/2024/08/18/federal-government-to-introduce-new-tax-laws-by-september-targets-regulation-of-cryptocurrency-industry/#respond Sun, 18 Aug 2024 05:54:46 +0000 https://nairametrics.com/?p=496025 The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, announced that the Federal Government is set to introduce new tax laws by September, which will include regulations for the cryptocurrency industry.  

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]]> https://nairametrics.com/2024/08/18/federal-government-to-introduce-new-tax-laws-by-september-targets-regulation-of-cryptocurrency-industry/feed/ 0 496025 Spot Ethereum ETFs end 3-day inflow streak with $39 million exiting the funds https://nairametrics.com/2024/08/16/spot-ethereum-etfs-end-3-day-inflow-streak-with-39-million-exiting-the-funds/ https://nairametrics.com/2024/08/16/spot-ethereum-etfs-end-3-day-inflow-streak-with-39-million-exiting-the-funds/#respond Fri, 16 Aug 2024 14:55:29 +0000 https://nairametrics.com/?p=495963 The nine US spot Ethereum Exchange Traded Funds ended their three-day positive inflow streak on Thursday with $39 million leaving the funds.  

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]]> https://nairametrics.com/2024/08/16/spot-ethereum-etfs-end-3-day-inflow-streak-with-39-million-exiting-the-funds/feed/ 0 495963 Bybit crosses 40 million users after gaining 10 million new users in less than a month   https://nairametrics.com/2024/08/16/bybit-crosses-40-million-users-after-gaining-10-million-new-users-in-less-than-a-month/ https://nairametrics.com/2024/08/16/bybit-crosses-40-million-users-after-gaining-10-million-new-users-in-less-than-a-month/#respond Fri, 16 Aug 2024 12:36:34 +0000 https://nairametrics.com/?p=495956 Bybit one of the top three crypto exchanges by market share has hit a milestone of 40 million users after it acquired 10 million users in less than a month.  

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]]> https://nairametrics.com/2024/08/16/bybit-crosses-40-million-users-after-gaining-10-million-new-users-in-less-than-a-month/feed/ 0 495956 Spot Bitcoin ETF ends two days of positive flow as $81 million flows out of the funds  https://nairametrics.com/2024/08/15/spot-bitcoin-etf-ends-two-days-of-positive-flow-as-81-million-flows-out-of-the-funds/ https://nairametrics.com/2024/08/15/spot-bitcoin-etf-ends-two-days-of-positive-flow-as-81-million-flows-out-of-the-funds/#respond Thu, 15 Aug 2024 10:40:19 +0000 https://nairametrics.com/?p=495852 The 12-spot Bitcoin Exchange Traded Funds ended their two-day positive inflows yesterday with $81 million exiting the funds at the end of the trading hours.  

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]]> https://nairametrics.com/2024/08/15/spot-bitcoin-etf-ends-two-days-of-positive-flow-as-81-million-flows-out-of-the-funds/feed/ 0 495852 Binance to pay $1.7 million fine in Brazil for trading violations   https://nairametrics.com/2024/08/15/binance-to-pay-1-7-million-fine-in-brazil-for-trading-violations/ https://nairametrics.com/2024/08/15/binance-to-pay-1-7-million-fine-in-brazil-for-trading-violations/#respond Thu, 15 Aug 2024 09:58:40 +0000 https://nairametrics.com/?p=495847 Binance’s global regulatory woes continue with the latest episode happening in Brazil where the largest crypto exchange in the industry is expected to pay a fine of $1.7 million for derivatives trading violations.  

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]]> https://nairametrics.com/2024/08/15/binance-to-pay-1-7-million-fine-in-brazil-for-trading-violations/feed/ 0 495847 Bitcoin surges by 3.2% as Bitgo moves $2 billion of Mt. Gox BTC   https://nairametrics.com/2024/08/14/bitcoin-surges-by-3-2-as-bitgo-moves-2-billion-of-mt-gox-btc/ https://nairametrics.com/2024/08/14/bitcoin-surges-by-3-2-as-bitgo-moves-2-billion-of-mt-gox-btc/#respond Wed, 14 Aug 2024 09:17:09 +0000 https://nairametrics.com/?p=495764 Bitcoin, the flagship cryptocurrency surged by 3.2% in price value as Bitgo moves $2 billion of Mt. Gox BTC to another address.  

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]]> https://nairametrics.com/2024/08/14/bitcoin-surges-by-3-2-as-bitgo-moves-2-billion-of-mt-gox-btc/feed/ 0 495764 Goldman Sachs’s filing reveals $418 million in spot Bitcoin ETF holdings   https://nairametrics.com/2024/08/14/goldman-sachss-filing-reveals-418-million-in-spot-bitcoin-etf-holdings/ https://nairametrics.com/2024/08/14/goldman-sachss-filing-reveals-418-million-in-spot-bitcoin-etf-holdings/#respond Wed, 14 Aug 2024 08:12:24 +0000 https://nairametrics.com/?p=495757 Global Financial services company Goldman Sachs revealed a $418.65 million position on U.S. spot bitcoin exchange-traded fund shares as of June 30.  

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]]> https://nairametrics.com/2024/08/14/goldman-sachss-filing-reveals-418-million-in-spot-bitcoin-etf-holdings/feed/ 0 495757 Hamster Kombat turns down venture capital firms to protect 300 million user base   https://nairametrics.com/2024/08/13/hamster-kombat-turns-down-venture-capital-firms-to-protect-300-million-user-base/ https://nairametrics.com/2024/08/13/hamster-kombat-turns-down-venture-capital-firms-to-protect-300-million-user-base/#respond Tue, 13 Aug 2024 12:19:56 +0000 https://nairametrics.com/?p=495700 Hamster Kombat, one of the major play to earn projects in Web 3 has announced its decision to turn down venture capital firms interested in the project.  

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]]> https://nairametrics.com/2024/08/13/hamster-kombat-turns-down-venture-capital-firms-to-protect-300-million-user-base/feed/ 0 495700 Bitcoin ETFs record $27.8 million in inflows as Ethereum ETFs attract $5 million   https://nairametrics.com/2024/08/13/bitcoin-etfs-record-27-8-million-in-inflows-as-ethereum-etfs-attract-5-million/ https://nairametrics.com/2024/08/13/bitcoin-etfs-record-27-8-million-in-inflows-as-ethereum-etfs-attract-5-million/#respond Tue, 13 Aug 2024 11:29:21 +0000 https://nairametrics.com/?p=495696 The 12-spot Bitcoin Exchange Traded Funds (ETFs) in the United States market recorded an inflow of $27.8 million after yesterday's trading hours while spot Ethereum ETFs pulled in $5 million.  

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]]> https://nairametrics.com/2024/08/13/bitcoin-etfs-record-27-8-million-in-inflows-as-ethereum-etfs-attract-5-million/feed/ 0 495696 Bitcoin falls below $60,000 as Crypto market loses $179 million to liquidations   https://nairametrics.com/2024/08/12/bitcoin-falls-below-60000-as-crypto-market-loses-179-million-to-liquidations/ https://nairametrics.com/2024/08/12/bitcoin-falls-below-60000-as-crypto-market-loses-179-million-to-liquidations/#respond Mon, 12 Aug 2024 12:12:03 +0000 https://nairametrics.com/?p=495637 Through the weekend and Monday morning, Bitcoin, the primary cryptocurrency asset dropped below $60,000 while $177 million was lost to liquidations in the wider crypto market.  

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]]> https://nairametrics.com/2024/08/12/bitcoin-falls-below-60000-as-crypto-market-loses-179-million-to-liquidations/feed/ 0 495637 Crypto startups pulled $2.7 billion funding in Q2 despite decline in number of deals   https://nairametrics.com/2024/08/12/crypto-startups-pulled-2-7-billion-funding-in-q2-despite-decline-in-number-of-deals/ https://nairametrics.com/2024/08/12/crypto-startups-pulled-2-7-billion-funding-in-q2-despite-decline-in-number-of-deals/#respond Mon, 12 Aug 2024 11:21:17 +0000 https://nairametrics.com/?p=495632 Crypto startups in the second quarter of the year raised $2.7 billion in funding from Venture capital firms. This is slightly higher than what was raised in the first quarter of the year although the number of deals completed declined in Q2.   The above data was revealed in an August 9 report by Pitchbook which […]

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]]> https://nairametrics.com/2024/08/12/crypto-startups-pulled-2-7-billion-funding-in-q2-despite-decline-in-number-of-deals/feed/ 0 495632 Harris overtakes Trump on Crypto prediction platform Polymarket, odds surge to 52%   https://nairametrics.com/2024/08/12/harris-overtakes-trump-on-crypto-prediction-platform-polymarket-odds-surge-to-52/ https://nairametrics.com/2024/08/12/harris-overtakes-trump-on-crypto-prediction-platform-polymarket-odds-surge-to-52/#respond Mon, 12 Aug 2024 10:29:14 +0000 https://nairametrics.com/?p=495628 Kamala Harris, the flagbearer of the Democratic party in the upcoming United States elections has surpassed Donald Trump on Polymarket, Crypto’s biggest prediction platform.  

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]]> https://nairametrics.com/2024/08/12/harris-overtakes-trump-on-crypto-prediction-platform-polymarket-odds-surge-to-52/feed/ 0 495628 Tether’s USDT hit $115 billion Market Capitalization milestone https://nairametrics.com/2024/08/11/tethers-usdt-hit-115-billion-market-capitalization-milestone/ https://nairametrics.com/2024/08/11/tethers-usdt-hit-115-billion-market-capitalization-milestone/#respond Sun, 11 Aug 2024 13:12:52 +0000 https://nairametrics.com/?p=495596 The market capitalization of Tether’s USDT crossed a milestone of $115 billion cementing Tether as the third largest crypto asset by market capitalization and the most dominant stablecoin in the industry with over 70% of the market share.  

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]]> https://nairametrics.com/2024/08/11/tethers-usdt-hit-115-billion-market-capitalization-milestone/feed/ 0 495596 Bitcoin ETFs record $89.7 million outflow as Ethereum ETFs lose $15.8 million https://nairametrics.com/2024/08/11/bitcoin-etfs-record-89-7-million-outflow-as-ethereum-etfs-lose-15-8-million/ https://nairametrics.com/2024/08/11/bitcoin-etfs-record-89-7-million-outflow-as-ethereum-etfs-lose-15-8-million/#respond Sun, 11 Aug 2024 12:03:26 +0000 https://nairametrics.com/?p=495593 The two exchange-traded funds (ETFs) for the two biggest crypto assets in the market ended Friday’s trading day on a deficit. The 12-spot Bitcoin ETFs recorded a net outflow of $89.7 million while the 9-spot Ethereum ETFs witnessed $15.8 million leaving the funds.  

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]]> https://nairametrics.com/2024/08/11/bitcoin-etfs-record-89-7-million-outflow-as-ethereum-etfs-lose-15-8-million/feed/ 0 495593 Tether USDT set to Double Workforce by mid-2025 following industry success   https://nairametrics.com/2024/08/09/tether-usdt-set-to-double-workforce-by-mid-2025-following-industry-success/ https://nairametrics.com/2024/08/09/tether-usdt-set-to-double-workforce-by-mid-2025-following-industry-success/#respond Fri, 09 Aug 2024 14:56:41 +0000 https://nairametrics.com/?p=495526 Tether USDT, the leading stablecoin issuer by market share has announced its plan to double its present workforce to contend with the growing success of the country.  

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]]> https://nairametrics.com/2024/08/09/tether-usdt-set-to-double-workforce-by-mid-2025-following-industry-success/feed/ 0 495526 Spot Bitcoin ETFs attract $194 million in inflows as Ethereum ETFs shed $3 million  https://nairametrics.com/2024/08/09/spot-bitcoin-etfs-attract-194-million-in-inflows-as-ethereum-etfs-shed-3-million/ https://nairametrics.com/2024/08/09/spot-bitcoin-etfs-attract-194-million-in-inflows-as-ethereum-etfs-shed-3-million/#respond Fri, 09 Aug 2024 14:45:35 +0000 https://nairametrics.com/?p=495523 The Spot Bitcoin Exchange Traded Funds in the United States recorded a massive increase in inflows yesterday given that they attracted only $45 million the day before.  

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]]> https://nairametrics.com/2024/08/09/spot-bitcoin-etfs-attract-194-million-in-inflows-as-ethereum-etfs-shed-3-million/feed/ 0 495523 Toncoin surges by 9.2% as Binance lists it for trading  https://nairametrics.com/2024/08/08/toncoin-surges-by-9-2-as-binance-lists-it-for-trading/ https://nairametrics.com/2024/08/08/toncoin-surges-by-9-2-as-binance-lists-it-for-trading/#respond Thu, 08 Aug 2024 13:46:44 +0000 https://nairametrics.com/?p=495477 Toncoin (TON) the native crypto asset of Telegram’s The Open Network (TON) ecosystem surged by 12% following an announcement by Binance that the token would be listed for trading on August 8.  

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]]> https://nairametrics.com/2024/08/08/toncoin-surges-by-9-2-as-binance-lists-it-for-trading/feed/ 0 495477 Kamala Harris ties with Trump at 49% election odds on Crypto’s biggest prediction market  https://nairametrics.com/2024/08/08/kamala-harris-ties-with-trump-at-49-election-odds-on-cryptos-biggest-prediction-market/ https://nairametrics.com/2024/08/08/kamala-harris-ties-with-trump-at-49-election-odds-on-cryptos-biggest-prediction-market/#respond Thu, 08 Aug 2024 12:28:09 +0000 https://nairametrics.com/?p=495473 Kamala Harris, the flagbearer for the democratic party has caught up with Donald Trump on Polymarket tying the Republican candidate man at 49% odds of winning the election.  

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]]> https://nairametrics.com/2024/08/08/kamala-harris-ties-with-trump-at-49-election-odds-on-cryptos-biggest-prediction-market/feed/ 0 495473 Bitcoin ETFs attract $45 million as Ethereum ETF loses $23 million to Outflows   https://nairametrics.com/2024/08/08/bitcoin-etfs-attract-45-million-as-ethereum-etf-loses-23-million-to-outflows/ https://nairametrics.com/2024/08/08/bitcoin-etfs-attract-45-million-as-ethereum-etf-loses-23-million-to-outflows/#respond Thu, 08 Aug 2024 12:07:21 +0000 https://nairametrics.com/?p=495472 The Exchange Traded Funds (ETF) for the first and second largest crypto asset by Market capitalization performed mildly yesterday recording low figures on both ends of the spectrum.  

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]]> https://nairametrics.com/2024/08/08/bitcoin-etfs-attract-45-million-as-ethereum-etf-loses-23-million-to-outflows/feed/ 0 495472 Ethereum ETFs record $98 million inflow as Blackrock’s position hits nearly $900 million https://nairametrics.com/2024/08/07/ethereum-etfs-record-98-million-inflow-as-blackrocks-position-hits-nearly-900-million/ https://nairametrics.com/2024/08/07/ethereum-etfs-record-98-million-inflow-as-blackrocks-position-hits-nearly-900-million/#respond Wed, 07 Aug 2024 12:38:23 +0000 https://nairametrics.com/?p=495402 Spot Ethereum Exchange Traded Funds (ETFs) in the United States recorded an inflow of $98 million after trading hours yesterday with Blackrock’s ETHA amassing nearly $900 million in total from the first day of trading.  

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]]> https://nairametrics.com/2024/08/07/ethereum-etfs-record-98-million-inflow-as-blackrocks-position-hits-nearly-900-million/feed/ 0 495402