Foreign direct investment (FDI) in Nigeria fell by 33% last year due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country.
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Bitcoin barely holds $28K as bulls see new rejection at key resistance
A fresh BTC price charge on liquidity around $30,000 ends in a return to a familiar Bitcoin trading range.
Bitcoin barely holds $28K as bulls see new rejection at key resistance
Bitcoin (BTC) saw another failure to exit a tight trading range into April 6 as $28,000 again hung in the balance.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis sees traders “compressing” BTC price
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading below the the $28,000 mark at the time of writing.
The pair had approached $29,000 the day prior, eating into ask liquidity in what analysis called a “choreographed” move by whales.
That appeared to be true, as upward momentum soon faded and spot price remained in an increasingly narrow range.
The cloud of liquidity around $30,000 thus remained untested, much to the frustration of those hoping for an easy continuation of the 2023 upside.
Crypto trading vs. crypto investing: Key differences explained
The most significant advantages of trading cryptocurrencies are quick profit generation, secure value storage, low fees and universal accessibility. Meanwhile, crypto assets’ inherent risk and volatility count as disadvantages.
The main benefit of cryptocurrency trading is the potential to generate quick profits by taking advantage of short-term price movements and market trends. Some cryptocurrency traders also value assets such as BTC as a secure store of value, especially since cryptocurrencies were designed to function independently of central institutions.
Cryptocurrencies can also be traded peer-to-peer, incurring much lower fees than transactions involving central authorities, such as banks and financial institutions. Cryptocurrencies are also generally accessible universally, allowing anyone with an internet connection and mobile device or computer to create a cryptocurrency wallet and start trading.
On the other hand, crypto trading also carries significant risks due to its high volatility — meaning prices can swing rapidly up and down. This could lead to substantial losses if traders are not careful and don’t monitor their positions.
So, is crypto trading good for beginners? While beginners can start trading small amounts as they build experience, it is worth noting that the risks associated with crypto trading are much higher than most other forms of investing, meaning that high-stakes trading may not be the most suitable investment method for beginners.
Binance Australia Derivatives license canceled by securities regulator
In February, Binance Australia Derivatives abruptly closed certain derivatives positions and accounts, citing investor classification compliance.
Singapore to introduce uniform screening standards for crypto bank accounts
Potential guidelines reportedly won’t have a binding force over banks, which can rely on their own risk assessment.
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
The firms were cited anonymously in the CFTC's complaint describing Binance’s alleged facilitation of U.S. clients.
Jane Street, Tower Research and Radix are Binance’s 'VIP' clients in CFTC suit: Report
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Trading firms Jane Street Group, Tower Research Capital and Radix Trading have been reportedly identified as Binance’s three “VIP” clients that were cited anonymously in the recent lawsuit filed against Binance by the United States commodities regulator.
According to an April 5 Bloomberg report citing "people familiar with the matter,” Radix Trading is “Trading Firm A” as described in the Commodities Futures Trading Commission's (CFTC) suit while Jane Street was “Trading Firm B” and Tower Research was “Trading Firm C.”
Bear markets are for filming: the Bitcoin Film Festival in Warsaw
Lights, camera, Bitcoin: A Bitcoin Film Festival in Poland brought the Bitcoin revolution to the big screen.
Names of non-US FTX users demanded by mainstream media outlets
A number of mainstream media outlets are pushing to publicize the personal details of FTX’s non-U.S. customers, similar to what happened with Celsius.
OpenAI faces Canadian privacy probe alleging personal info harvesting
Canada's Head Privacy Commissioner is investigating the AI firm and watchdogs in Germany, France, Ireland and Spain could be mulling similar action.
Coinbase supports new court action to remove Tornado Cash ban
The motion is part of a broader effort to restore internet privacy rights for U.S. citizens.
Coinbase supports new court action to remove Tornado Cash ban
The motion is part of a broader effort to restore internet privacy rights for U.S. citizens.
Bitcoin white paper is apparently hiding in Apple’s modern macOS
Apple’s Mac devices have apparently been hiding Bitcoin’s whitepaper for up to five years.
'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head
The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement ‘Operation Choke Point 2.0’.
Crypto users react to Satoshi Nakamoto's 48th birthday
Once again, the Bitcoin creator's age increased by one year on their P2P Foundation profile — suggesting a birthday of April 5, 1975.
Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade
With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5.
Ether price has momentum and here are three strong reasons why.
Multiple positive price achievements
According to data from Cointelegraph Markets Pro and TradingView, despite market volatility, Ether price has posted gains on the 7-day, 1-month and 3-month timeframes. Ether price gains are also notable on the year-to-date perspective, showing 59% growth.
Ether vs USD price chart. Source: Cointelegraph Markets ProEther’s ability to break resistance levels is leading some analysts to believe a $3,000 price target is on the horizon in Q2 2023. The trend shows that whale accumulation remains strong, growing by 0.5% in March according to data from analytics provider Santiment.
The bullish buying activity may prove on-chain data correct that Ether sell pressure after the Shanghai hardfork will be a non-event.
Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade
Ethereum price found news bullish momentum as traders gear up for next week’s major network upgrade.
Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrades
With one week to go until the Ethereum Shanghai and Capella upgrades on April 12, all eyes are on Ether(ETH). The second-largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a seven-month high of $1,922 on April 5.
Ether price has momentum, and here are three strong reasons why.
Multiple positive price achievements
According to data from Cointelegraph Markets Pro and TradingView, Ether price has posted gains on the seven-day, one-month and three-month timeframes despite market volatility. Ether price gains are also notable from the year-to-date perspective, showing 59% growth.
ETH/USD price chart. Source: Cointelegraph Markets ProEther’s ability to break resistance levels is leading some analysts to believe a $3,000 price target is on the horizon in Q2 2023. The trend shows that whale accumulation remains strong, growing by 0.5% in March, according to data from analytics provider Santiment.
The bullish buying activity may prove on-chain data correct that Ether sell pressure after the Shanghai hardfork will be a non-event.
US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility
After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures.