Day: May 9, 2022

Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

Jesse Coghlan

The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector. The CBN Branch Controller Bariboloka Koyor spoke at a campaign aiming to “sensitize” businesses to the eNaira at a market in the country’s most populous city of Lagos on May 9 according to a report from Vanguard. Koyor stated: “Starting from next week, there is going…

Bitcoin Dives To $30K, Why Short-term Recovery Seems Possible

Aayush Jindal

Bitcoin extended losses and even spiked below $30,000 against the US Dollar. BTC is now consolidating and might correct higher towards the $32,000 resistance. Bitcoin started a strong decline below the $33,500 and $32,000 levels. The price is now trading below $32,000 and the 100 hourly simple moving average. There are two important bearish trend lines forming with resistance near $32,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct higher, but the bears might remain active near $32,000. Bitcoin Price Declines 10%…

Japanese Prime Minister Talks up Japan’s Web3, NFT Focus at Investors Summit

Anthony B

Source: Adobe/Blue Planet Studio   The Japanese Prime Minister Fumio Kishida has stated that Web3-related growth – including metaverse and non-fungible token (NFT)-related developments – will be part of the nation’s growth strategy going forward, and called on British business leaders to back his project. Kishida, CoinPost reported, made a speech to bankers and professional investors at London’s Guildhall, where he stated that his government would be making “institutional reforms” that would “create an environment” that “facilitates” the creation of new services – including Web3-related infrastructure. In East Asian nations,…

Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside

Best Owie

Bitcoin exchange inflows have been on the rise recently. Although there was a period where it had tapered off, it had continued to rise once more. The culmination of this has been a massive inflow into various centralized exchanges, presumably for investors to sell off their coins. Now the inflows have hit a new three-month high, painting a rather grim picture for the future of the digital asset. Inflows Take Over Bitcoin investors have been dumping their holdings since the digital asset started its descent from its $69,000 all-time high.…

Bitcoin retests key $30K support zone as data highlights BTC whale accumulation

Jordan Finneseth

Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with bears pushing Bitcoin (BTC) to $30,334, its lowest price since July 2021.  Crypto Fear & Greed Index. Source: Alternative.me Multiple factors like rising interest rates, the end of easy money policies by the Federal Reserve, declining stock prices and concerns related to Terra’s UST stablecoin maintaining its $1 peg are all impacting sentiment within the crypto market. Data from Cointelegraph Markets Pro and TradingView shows that an afternoon of heavy…

Announcing the Coinbase Summer 2022 Community Ambassador Program | by Coinbase | May, 2022

Aayush Jindal

Tl;dr: Apply for our summer 2022 Community Ambassador Program here. If you live and breathe crypto or you’re simply crypto-curious and want to gain more exposure to the industry, this is the perfect opportunity. Program rolls out June through August 2022. Application deadline is May 23rd. by Mengfan Zhang, Ecosystem Manager at Coinbase Coinbase is announcing our Summer 2022 Community Ambassador Program! We are building upon the successful launch of our Community Analyst Program (CAP) in January this year, when we recruited 15 talented part-time students and professionals to help…

HIVE Token News Site Launches With April 2022 Web3 And DApp Development Updates

Marketers Media

Kuna,United States – May 9, 2022 — The newly created site is fueled by a commitment to the crypto community and to factual and informative news from the blockchain industry. While the site focuses mainly on the HIVE token, they also track the movement of other popular tokens and the industry as a whole to provide greater context. To find out more, visit http://www.hivewires.com The site has been created to fill the need for reliable industry information coming out of the DeFi space, as unbiased coverage can be difficult to…

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