CRYPTO TRADING
Nigeria Releases New Rules Classifying Crypto as Securities
In a move that might boost crypto trading in Nigeria, the nation’s Securities and Exchange Commission (SEC) has rolled out “rules on issuance, offering platforms, and custody of digital assets” for virtual firms.
American Bank Inks Deal with Bakkt, Offering Trading & Holding of Tokens
To offer customers the option of accessing Bitcoin and Ethereum using their bank accounts, American Bank has partnered with Bakkt.
Banks Will Start Mulling the Possibility of Crypto Trading in 3 Years: Former Citi CEO
According to Vikram Pandit, most financial institutions are likely to integrate digital currency trading services within the next one to three years
JPMorgan CEO Warned Investors Against Bitcoin Investment, Calls for Clear Regulations to Crypto Trading
Jamie Dimon, the CEO of JPMorgan Chase Bank, is still not a crypto supporter. He admits that JPMorgan clients are interested in cryptocurrency. JPMorgan is planning to offer Bitcoin funds to rich clients.
Goldman Sachs Managing Director Reportedly Resigns After Making Millions from Dogecoin
Aziz McMahon, the managing director of Goldman Sachs' London office, is said to have resigned from his role after earning huge profits from Dogecoin investments.
Kenya’s Bitcoin Trading Volumes Hit $45.95 Million in 2020, Second Highest in Africa
Kenya’s Bitcoin (BTC) trading volumes skyrocketed by 472 percent in 2020 to stand at $45.95 million (Ksh 5.1 billion).
Bitcoin Is in a Normal Consolidation Market, says Bollinger Bands Inventor
The inventor of the famous Bollinger Bands indicator John Bollinger has suggested that the current Bitcoin price action depicts a normal consolidation market.
PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K
PayPal’s crypto services are officially available for use in the United States. In response to the announcement, Bitcoin's price spiked and pushed past $16K.
India Considers Banning Crypto Trading Which Could Impact 1.7 Million Dependent Local Traders
The federal cabinet in India is expected to discuss a new bill that could once again ban cryptocurrency trading in the nation.
Paxful Research Reveals How Nigerians Are Fighting Devaluation of Native Currency Naira with Bitcoin
The current pandemic has led to a devaluation of Nigeria’s native currency Naira and affected how cryptocurrency trades are conducted in the country.
Crypto Trading in India Soared by 400% During COVID-19 Lockdown
With the ongoing COVID-19 pandemic, India’s cryptocurrency trading industry has seen an increase of 400 percent over the last few months.
CoinMarketCap Introduces Algorithmically Ranked Crypto Trading Pairs to Eradicate Volume Inflation
CoinMarketCap, a leading crypto data tracker, has gone a notch higher by presenting a new ranking system based on an innovative algorithm powered by machine learning. According to the company’s blog post, this new approach will enable users to make more profound trading decisions when it comes to market pairs. The new approach presented by CoinMarketCap seeks to revamp its current single metric ranking network to a combined one that will handle at least 22,000 market pairs covering more than 5,500 cryptocurrencies.
Binance Partners with Brave to Enable Seamless Crypto Trading on Web Browser
Crypto giant Binance partners with blockchain-based web browser Brave. Such a partnership enables over 12 million monthly Brave users to obtain deposit addresses, view their crypto balances, and sell, buy, and trade crypto assets without leaving the browser.
India’s Supreme Court Turned the Tables on Crypto Ban in Landmark Ruling
In a momentous ruling, India’s Supreme Court has lifted the ban made by the Reserve Bank of India (RBI), the nation’s central bank, on banks and other regulated entities dealing with cryptocurrencies. The court noted that preventing regulated entities from offering banking services to crypto trading stakeholders did not hold any water.
OKEx Delves Deeper Into Indian Crypto Space with CoinDCX Partnership
OKEx, a leading Malta-based crypto exchange, has shown its resilience to penetrate the Indian crypto market despite the roaming uncertainties based on its partnership with CoinDCX, the nation’s biggest crypto trading platform.