The Nigerian Senate Committee on Capital Markets has advocated for the regulation of cryptocurrency to safeguard investors and formalize the burgeoning digital asset market within the country. The committee's chair, Osita Izunaso, emphasized the necessity of regulation during a recent session where

BlackRock Submits Amended S-1 Registration for Upcoming Ethereum ETF ListingBlackRock has updated its S-1 registration statement, detailing seed capital investors for its forthcoming Ethereum ETF, indicating progress towards its listing. Bloomberg's ETF analyst Eric Balchunas interpreted this as a p

Kroo, a digital bank based in London, has recently aligned with other major UK banks like Starling Bank and Chase UK, imposing a ban on cryptocurrency transactions among its clientele. This policy, set to be enforced starting May 30, 2024, addresses the escalating issue of online fraud associated wi

With May 31 looming, Bitcoin bulls are feeling the pressure to surge past the $70,000 mark.Source:cryptorank.ioDespite numerous unsuccessful endeavors to maintain prices above $71,000, the market remains optimistic, evident in the proliferation of derivatives speculating on $80,000 and $90,000. This

First Leveraged Ethereum ETF in the US to Launch on June 4Volatility Shares is set to launch the 2x Ether ETF (ETHU), the first leveraged Ethereum ETF in the US, with trading beginning on June 4. Stuart Barton, CIO of Volatility Shares, noted that while discussions with the SEC on spot ETFs continue

The European Union (EU) is poised to significantly benefit from the convergence of blockchain technology and artificial intelligence (AI), as highlighted in a recent report by the European Blockchain Observatory and Forum (EUBOF). This body, an initiative of the European Commission, monitors and ana

SOL price surged by 5% today; however, on-chain data casts doubt on Solana's ability to breach the $190 barrier.Source: coins.phOn May 27, Solana's native token, SOL, surged by 5%, climbing from $161 on May 26 to $171. This uptick sparked optimism among investors, especially after SOL had reached $1

Kaiko Research Indicates Spot Ethereum ETF Approval Positively Affects Ethereum's Long-Term GrowthKaiko's research highlights that the approval of the spot Ethereum ETF removes regulatory uncertainty and positively influences Ethereum's long-term growth. While short-term resistance may occur, the ap

1. BTC Market TrendFrom May 23 to 26, the BTC price swung from $66,508.59 to $70,046.55, a 5.32% range. On May 22, the Federal Reserve (Fed) released minutes from its April 30 to May 1 interest rate meeting. As per the minutes, with U.S. inflation below expectations for three months, Fed officials b

Bitcoin may not yet be done consolidating below new all-time highs, with BTC price rejecting above $70,000.Source:cryptorank.ioAs the weekend trading unfolded, Bitcoin remained close to crucial price levels, with a focus on the $69,000 mark leading into the weekly close on May 26th.Bitcoin’s Price L