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In a recent global survey spanning 15 countries, Nigeria, the largest economy in Africa, has emerged as the world’s most cryptocurrency-savvy nation with more Nigerians interested in investing in cryptocurrencies.
In a remarkable turn of events, XRP, the native token of blockchain provider Ripple, has emerged as one of the leading performers in the cryptocurrency market following its landmark legal victory against the US Securities and Exchange Commission (SEC).
In a Thursday notice, the Reserve Bank of Zimbabwe (RBZ) urged citizens and financial institutions in the nation to subscribe to its future gold-backed digital coin. According to the notification, applications for the tokens must be for a minimum of $10 for individuals and $5,000 for financial institutions and corporations.
Binance US has dropped support for TRX trading. Binance said that it would be removing TRX just hours after Justin Sun fought off arrest rumors.
Bitcoin prices have smashed through the $30,000 psychological barrier during the Tuesday morning Asian trading session. Over $145 million in shorts against bitcoin prices were liquidated since early Asian morning hours on Tuesday.
Iran and Russia are reportedly collaborating to launch a gold-backed stablecoin, tagged the “Token of the Persian Gulf.” The primary purpose of the stablecoin will be to facilitate cross-border payments.
In one of its most impressive rallies in about a year, Bitcoin skyrocketed by double digits, charting a two-month high above $21,000. Almost $600 million out of the $650 million in total are short positions.
The widely used Bitcoin Fear and Greed Index entered a neutral zone after several months of fear, over the weekend. The indicator rose to its highest point since April 5, 2022, a neutral level of 52, on January 15. The action comes after Bitcoin’s (BTC) 249% increase over the previous seven days.
Tether announces on-chain swap of $1 billion USDT to ERC20. Tether has also recently clarified that its cash reserves for issuing USDT to Alameda were not on Alameda’s balance sheet.
Things are getting interesting in the silver market as there is a possible Silver squeeze happening. Ronan Manly of BullionStar.com revealed that more than 50% of deliverable silver on COMEX is suddenly ‘not available.’ Manly referenced a tweet by metals expert, Nicky Shields, who said that they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30) as the focus was on physical tightness driven by unprecedented demand.