Binance: Nigeria orders cryptocurrency firm to pay $10bn

The Nigerian government says it has demanded almost $10bn (£8bn) in compensation from the cryptocurrency firm, Binance. It says Binance manipulated foreign exchange rates through currency speculation and rate-fixing, which have seen the naira lose nearly 70% of its value in recent months. Two Binance executives were arrested in Nigeria earlier in the week. Binance […]

Bitcoin ETFs hit volume record of $7.6B

The slate of US bitcoin ETFs continue to post jaw-dropping figures. As of market close on Wednesday, the ETFs hit $7.6 billion in volume, topping previous records, according to Bloomberg data. BlackRock’s bitcoin ETF, which trades under the ticker IBIT, put up around $3.3 billion of that amount. The ETF’s volumes were already shattering records […]

Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years

Bitcoin (BTC) is on track to finish its strongest month since December 2020. Even with prices hovering near all-time records, this bull market isn’t close to peaking, analysts said. The largest crypto asset by market capitalization has gained a staggering 44% in February, piercing $50,000 and $60,000 for the first time in years and hitting a $64,000 […]