To combat financial crimes associated with the digital asset industry, Nigeria has escalated its regulatory scrutiny of major cryptocurrency exchanges, including Binance and Coinbase.
According to a local media report, the African country has asked its telecommunications companies to restrict access to the websites of these crypto firms after the Central Bank of Nigeria (CBN) issued guidelines to regulate the activities of digital asset operators.
The Central Bank of Nigeria had a change of stance in December 2023, instructing banks to disregard the previous ban on crypto transactions imposed in February 2021.
The latest restriction on crypto websites aims to slow down currency speculation activities within the country. Binance clarified that its platform is not intended for currency pricing after users complained about the inability to purchase dollars.
While no specific timeline is provided for the restriction, the NCC’s directive is expected to take effect immediately. Similar measures were implemented when Nigeria blocked access to Twitter in 2021...
As regulatory pressure on crypto exchanges in Nigeria intensifies, the crypto community awaits further developments and potential responses from Binance, Coinbase, and other affected platforms. The government’s efforts to crack down on crypto transactions and currency speculation continue to shape Nigeria’s digital asset industry landscape.
🔴 2013 - You Missed $BTC 🔴 2014 - You Missed $DOGE 🔴 2015 - You Missed $XRP 🔴 2016 - You Missed $ETH 🔴 2017 - You Missed $ADA 🔴 2018 - You Missed $BNB 🔴 2019 - You Missed $LINK 🔴 2020 - You Missed $DOT 🔴 2021 - You Missed $SHIB 🟢 In 2023, 2024 Don't Miss $XV TOKEN...
ETH FairLaunch Holders already at with 10X+ Potential to go 100X to 1000X
BNB Launch on 16 December-PinkSale ( More Details in my Next $XV Post ) Just 100 Million tokens each on both chains ..😱😱 CMC/ CG Listed.. Top Tier Listing Announcement at any time to come.. $XV is with Everthing for Web03.... SocialFi, GameFi & TG Sniper Bot with RevShare..
BEST ALTCOINS YOU SHOULD HOLD FOR MASSIVE GAINS BY 04TH QUARTER IN 2024 to 01ST QUARTER OF 2025…
These are the most Potential Altcoins with low price point, where Maximum Growth expected in Upcoming Alt Season & Bull Run…
WINNING COIN LIST …
$ORDI - Ordinals $ORDI is a Bitcoin derivative product based on the BRC20 token standard. Currently at $38.77/ MC at $816.65 Million ATH $96.17 / Target to reach $125 to $150
$JUP - Jupiter One of The Most advanced Swap aggregation engines, there are latest discussions abt possible supply burn … Currently at $0.80 / MC at $1.10 Billion ATH $2.04 / Target to reach $6 to $10
$ENJ- Enjin Coin Web 03 gaming project Currently at $0.20 / MC at $301.12 Million ATH $4.84 / Target to reach $5 to $7
$FLOKI - $FLOKI INU Utility + Meme coin of FLOKI ecosystem Currently at $0.00017 / MC at $1.71 Billion ATH $0.00034 / Target to reach $0.0018 to $0.0027
$XV - $XV TOKEN still the project in building status Hugely potential ,yet very much under Valued Available in ETH/ BSC & SOL If all goes well reaching 0.50 to $1 is very much on the Card..
$PYTH - Pyth Network largest & fastest growing first party oracle Network Currently at $0.32 / MC at $1.19 Billion ATH $1.15 / Target to reach $2.25 to $3.5
$MANEKI - MANEK A Hugely Potential Cat Meme on Sol chain with impressive Marketing strategies Currently at $0.0081/ MC at $68.48 Million ATH $0.027 / Target to reach $0.25 to $0.50
$ARB -Arbitrum A Ethereum Layer 2 scaling Solution.. Currently at $0.82 / MC at $2.66 Billion ATH $2.39 / Target to reach $4 to $7
$INJ - Injective A open interoperable layer 01 Blockchain.. Currently at $22.85 / MC at $2.14 Billion ATH $52.74 / Target to reach $58 to $70
DYOR/ NFA pls note these are purely Author's predictions & experts and influencers may have other opnions...
BREAKING NEWs ..‼️ GERMAN GOVERNMENT SENDS ANOTHER 400 BITCOIN TO EXCHANGES -
STILL $2.85B LEFT TO DUMP
as per the several media reports, few hours ago, the German government sent another 400 $BTC (worth more than $24 million) to centralized exchanges, presumably to sell their stacks into the market.
The Bitcoin was sent across two transactions - each for 200 $BTC - and each was sent to the @Coinbase and @Krakenfx exchanges.
According to @ArkhamIntel’s dashboard, the German government still holds an incredible 46.9K BTC worth a whopping $2.85 billion.
The German government seized the 50,000 BTC from a pirated movie website operator, as covered by WuBlockchain in early 2024.
The news follows transactions made at the end of last week, which also saw large sums of Bitcoin sent to Coinbase and Kraken.
as earlier reported by Arkham, a wallet linked to the German government transferred 6,500 BTC to exchanges on June 19, worth $425 million at the time...
Mt. Gox to Commence $9B+ Bitcoin Repayments to Creditors, BTC Falls 5%..
Mt. Gox bankruptcy trustee on June 24, 2024, declared that reimbursements would begin at the start of July. The disbursements will be made in BTC and Bitcoin Cash (BCH) and sent to designated exchanges. Approximately $9 billion worth of $BTC and $50.8 million in Bitcoin Cash are expected to be distributed to 127,000 Mt. Gox creditors.
This announcement follows a lengthy wait of ten years and three months by creditors for reimbursement. Mt. Gox ceased operations on February 24, 2014, when it halted all trading and took its website offline. Nobuaki Kobayashi, the trustee, stated that the debtor had taken time to ensure safe, reliable, and compliant repayment arrangements.
The trustee has asked creditors for patience, noting that the order of payments will depend on the respective cryptocurrency exchange.
Trustees have been working on a repayment plan for several years, with a deadline of October 2024 set by a Tokyo court last year. In May, the exchange moved over 140,000 BTC, worth around $9 billion, from cold wallets to an unknown address in 13 transactions. This marked the first on-chain wallet movement in five years.
History of Mt. Gox.. Mt. Gox was once the world’s top crypto exchange, handling over 70% of all Bitcoin transactions in its early years. In early 2014, hackers attacked the exchange, resulting in the loss of an estimated 740,000 BTC, worth $15 billion at current prices. The hack was the biggest of many attacks on the exchange between 2010 and 2013.
Now, the repayments are expected to add selling pressure to Bitcoin markets as early investors may sell their assets, which are now valued much higher than their original purchase prices before 2013.
After the announcement, Bitcoin's price dropped 5% to a low of $60,580 per coin. Currently, the leading crypto asset is trading at $61,123 after the price dip. The repayments are largely seen as adding selling pressure to BTC markets, with traders expecting early investors to sell at least part of their holdings.
Investor who Lost Massive $11.2 Million To A Phishing Attack & then Liquidated Another $3.03 Million….😱😱😱 As reported by scam sniffer & Peckshield, Few hours ago, a victim lost staggering $11.2 million worth of aEthMKR and Pendle USDe tokens due to signing multiple Permit phishing signatures…
Lost in the Phishing Attack.. *$aETHMKR worth of $8.76 Million *$PT-sUSDE worth of $1.245 Million *$PT-sUSDE worth of $ 1.3 Million
Bitcoin $BTC vs. Ethereum $ETH : Which Will Win Q3 2024?
The world’s number one and two leading cryptocurrencies by market capitalization, daily transaction volume, and crypto exchange volume have almost perfectly tied for ROI from Jan. 1 through the middle of June…
BTC is up 54% YTD with only a few days left in Q2 2024. ETH is up 55% in a statistical dead heat tie for quarter two ROI. Who will win in quarter three and why?
The average annualized ROI for Bitcoin and Ethereum price performance since Jan. 1 is aces. The top two cryptocurrencies are pacing for a +116% year.
Question is which cryptocurrency will outdo the other in Q3, or will Bitcoin and Ethereum come remarkably close again to earning the same amount of profit for crypto investors in the next half of the year?
Few factors that may fuel the potential gains in Both $BTC & $ETH . Some are more bullish for BTC, some for ETH, and some are a wash between the two blockchains,
*Dollar Inflation ( Advantage BTC )
*DeFi and DApps usage ( Advantage ETH )
*Institutional Adoption ( Advantage BTC & ETH )
*Prague Electra ETH upgrade ( Advantage ETH )
*Meme Coins on ETH blockchain ( Advantage ETH )
*Competitive Analysis ( Advantage BTC )
While BNB, Solana, Cardano, Avalanche, Aptos, and a hundred others compete with Ethereum for DeFi market share, there is only one Bitcoin with only 21 million BTC... so presumably BTC Might stay on Top ...
IS the German Government To Be Blame for latest Crypto Meltdown….???
Sale of Bitcoin by the German government caused the crypto market downturn…?
Some traders say Germany’s $BTC selling is behind this week’s drop, but a negative reaction to concerning macroeconomic data is the likely culprit as Traders are concerned that the stock market may have peaked and that the United States fiscal situation is weakening….
According to the onchain crypto analytics firm Arkham, a wallet linked to the German government transferred 6,500 $BTC to exchanges on June 19, worth $425 million at the time. Arkham claims that the wallet held nearly 50,000 $BTC, believed to have been seized from the pirated movie website Movie2k, which operated in 2013. The evidence suggests that this entity sent BTC to Kraken, Bitstamp and Coinbase, leaving little doubt about its origin and effective sale..
However, this theory is flawed because the U.S.-based business intelligence firm MicroStrategy disclosed on June 20 that it had purchased an additional 11,931 BTC for $786 million. Thus, MicroStrategy’s buy covered the selling pressure of German Government including the two-day $292 million net outflow from U.S. spot Bitcoin exchange-traded funds..
let's see how the market will start performing the New week in 2 days ...
HOW 12-YEAR -OLD BOY BECAME MILLIONAIRE AFTER BEING ONE OF THE FIRST TO INVEST IN BITCOIN..😱😱
Erik Finman decided to invest in Bitcoin at the age of 12 after striking a deal with his parents in a bid to avoid going 'back to school'
In 2011, instead of wasting away his pocket money, Erik decided to put his money where his mouth was after striking a deal with his parents that he'd prove he could make his fortune outside of traditional education in return for being able to skip out studying a college degree.
But how would Erik build such wealth? Well, luckily for the 12-year-old, Bitcoin had just been launched in 2009 and data became available the following year, so after receiving $1,245 from his grandmother, Erik decided to invest in the cryptocurrency
At the time Erik invested, trading was at around $12 - and this gave him about 103 BTC. surely most kids at that age would have likely been lost at how he managed to invest this money on a new emerging online currency phenomenon, it certainly paid off
In December 2017 - when Erik was just 18 - Bitcoin reached a high of around $20,000 and his initial $1,245 investment increased to a staggering $2.07 million...
Reflecting on his decision that paid off massively, as an adult Erik said ‘people didn’t really get what I was trying to do’.
He told the Business of Business: "I really didn't like high school. People didn't really get what I was trying to do, get what I was searching for or what I was dreaming of I dropped out of high school and made a bet with my parents: if I make a million dollars by the time I’m 18, I don’t have to go back to school or go to college."
And Erik didn't just stop after making his first million either, building the amount of Bitcoins he had to 341 - with an estimated worth of more than $4.8 million by mid 2020.
However, Erik, now 25, hasn’t been too happy about his claim to fame and insisted he is 'desperate to get out of crypto' and was 'sick of being the Bitcoin person' so he's recently been putting his finances into aircraft which he said has made 'good money'.
Arkham posts $150K bounty to find creator of DJT Trump token...😱😱😱
As reported by Cointelegraph, Arkham Intelligence has offered a $150,000 bounty for whoever can identify the creator of the Solana-based token DJT — which rose up to 500% on Monday on unsubstantiated rumors it was tied to Donald Trump.
$150,000 to the first person to definitively prove the identity of the creator of $DJT,” the firm posted to X on June 18.
The bounty will be live for eight days and paid in 100,000 Arkham (ARKM), worth $1.56 at the time of writing, according to CoinMarketCap.
Find definitive evidence of the creator of $DJT. We will accept private proof for this bounty but if accepted that proof will be made public,” the bounty notice reads....
High-profile blockchain sleuth ZachXBT is among those who have sent in a submission so far..
Elsewhere on the internet, people are placing bets on whether the DJT token was really launched by Trump or a member of his family.
Decentralized betting platform Polymarket shows there’s nearly $1.7 million in bets over whether the DJT token is “real.”
Only 17% of the total bets have been placed in the “Yes” camp, but for them to win, definitive proof must be obtained by 11:59 ET on June 21, or else the market will resolve to a “No.”
The rumor that Trump is behind the DJT token, “spearheaded” by his son, Barron Trump, first came from an X post by tech blog Pirate Wires, which cited “conversations” but didn’t elaborate on who those conversations were with.
Pressed on where the information was from, Pirate Wires creator Mike Solana noted he “didn’t speak with Trump directly” and was “just reporting what I know via sources.”
DJT is currently trading for 0.016, down 50% from its peak of 0.036 on Tuesday, according to Birdseye.
Explaining Bitcoin in a way that is actually understandable to your after person is not a trivial thing, and likely not the most productive way to onboard new users either…
So what is Bitcoin….????
🔶️Bitcoin is digital gold.
🔶️Bitcoin is an inflation hedge.
🔶️Bitcoin is money.
🔶️Bitcoin is a technology.
🔶️Bitcoin is softwar.
🔶️Bitcoin is hope.
🔶️Bitcoin is an electrical system.
🔶️Bitcoin is a heating system.
The reality is that all of them can be Right or wrong, in the sense that all of them are just a partial description of what Satoshi Nakamoto started. That second word, “is,” is where the problem is. Even though Bitcoin is all of them, if you say only one of them, you are limiting your understanding of it. The only true answer: Bitcoin is Bitcoin.
We have to realize all the properties that Bitcoin has and describe it as such without putting a limit on it. Because the person who says Bitcoin is an inflation hedge has already experienced when it wasn’t. The person who said it is digital gold is suffering from the argument of lacking metallic properties. The person who says it is money will miss the whole PoW aspect of harvesting the electrical and heating energy in the real world, and so on and so on…..
Love to see readers input as well in the comments section ...
Frontend Compromised DNS Attacks, Supply Chain Attacks
If you were phished and want to hire an investigation agency to help you track down the stolen assets, here are some people which Scam Sniffer recommends @MistTrack_io @CFInvestigators
Beware of most of others who claiming to be able to recover 100% of stolen assets is very likely another scam.
Binance reaches 200M users + $100B in assets under custody Congratulations to Ever growingBinance Community & the Binance Team ..
Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
In true celebratory fashion, Binance marked the occasion across its social media platforms by framing the 200 million user mark as a milestone on the company’s quest to onboard a billion, or one in every eight people on Earth.
The 200 million user mark represents over a third of all cryptocurrency holders worldwide.
a post from the Binance account on X.com mentioned as below
“Today, we celebrate 200 million – and it's all because of YOU! Your support is the heartbeat of our journey to 1 billion users. Here's to the stars of our story – you!”
while the same time $BNB the Native Coin of Binance Manage to reach its ATH on 06th June 2024 with $BNB reaching $720 range ..
As recently as 2022, Binance only had approximately 130 million users. In 2023 the exchange added 40 million users to bring its total count to 170. In the time since, just six months into 2024, it’s already added at least 30 million more. This puts Binance on pace to reach 300 million users by 2026, assuming trends remain the same for both the company and the industry
Binance’s 200 million user milestone comes on the heels of another cryptocurrency industry record for the company. As Binance reached a total of $100 billion in user assets under custody. That averages out to about $500 worth of assets in custody per user.
$BNB the Flagship Coin from the world's largest Cryptocurrency Exchange Binance, set its targets higher during the upcoming Bull season…
The asset witnessed a remarkable 7% surge within the past 24 hours.
This bullish trend has propelled BNB to outperform the top five cryptocurrencies in terms of performance. The asset’s recent upward trajectory has been so significant that it exceeded its previous yearly high of $645 set in March, reaching a new all-time high of $711.56. At press time, BNB is trading at $701, marking a notable daily rise of 10.93%.
BNB’s performance is closely linked to developments within the Binance ecosystem & the current Market sentiment.
The exchange has been actively expanding its services and partnerships. It enhances the utility and demand for BNB.
While BNB may experience some consolidation, it will maintain a strong position close to its current trading levels & seems like setting up a strong base around the $700 range .
While short-term fluctuations are expected, the long-term outlook for BNB remains positive, supported by ongoing developments and increasing market adoption…
with Current Trend & expected Bull Run we may see BNB aiming towards new heights by the End of 2024,
My prediction is BNB to reach $1400 to $1500 Range By the End of 2024..
$BNB Current Status Price $701.55 Market Cap $103.55 24 Hours Volume $2.98 Billion ATH $712.58 CMC Rank 04
US $BTC ETFS SAW $880M IN INFLOWS, HIGHEST SINCE MARCH…
As Reported by Bitcoinist, US spot bitcoin ETFs saw their second-highest daily inflow ever on Tuesday at over $880 million, the most since March, as demand returns amid Bitcoin's resurgence.
The ETFs have now seen 16 straight days of inflows, sparking talk of a "second wave" of demand. Fidelity's Wise Origin Bitcoin Fund led inflows with $378.7 million, followed by BlackRock's iShares Bitcoin Trust at $274.4 million.
In total, the spot $BTC ETFs hold over $60 billion worth of BTC. Analysts cite renewed institutional interest and Bitcoin's price resurgence back above $70,000 as drivers of the latest wave of inflows.
The Grayscale Bitcoin Trust also saw a rare inflow day of $28.2 million, just the seventh since converting to a spot ETF in January. It joins the renewed enthusiasm despite bleeding funds for most of the year.
With major firms like Fidelity and BlackRock spot #BTC ETFs now holding tens of billions in assets, the infrastructure for institutional Bitcoin investment continues maturing.
The latest inflow wave follows Australia, the U.K., and Thailand's recent approval and listing of Bitcoin-regulated funds. With the regulatory climate warming worldwide, Bitcoin ETFs are attracting capital once again.
$MANEKI IS THR NEXT BIG THING IN THE MEME WORLD…..😱😱
The new cat meme sensation $MANEKI is poised to be the next big thing in the crypto world.
Just a little over one month old, $MANEKI has already achieved several milestones that other meme projects could only dream of.
With a market cap close to $150 million, over 90K holders, and huge marketing efforts from the developers, this project seems to be doing exceptionally well.
$MANEKI's advertising campaign has already caught a lot of attention with promotions on the NASDAQ Billboard, New York Stock Exchange, and in cities like Seoul and London, among others. The global mission continues.
With high daily trading volumes on both CEXs and DEXs, $MANEKI has gained more attention from top-tier exchanges. One of the top 4 CEXs has already hinted at a potential listing of $MANEKI in the coming days.
Current Status Price: $0.01709 Market Cap: $144 million Total Supply: 8.89 billion ATH: $0.0277 CMC Rank: 384
Potential Targets With its current impressive performance and marketing efforts, I can see $MANEKI reaching a market cap of over $1 billion sooner than expected.
Social Media Influence With an already strong community of over 16K members on Telegram, over 50K followers on X (formerly Twitter), and high-quality influencers promoting the project, $MANEKI is going viral within the vast crypto community.
It stands out as one of the most promising investment opportunities for 2024 and beyond.
BITCOIN POST-HALVING RUN REACH $150K BY SEPTEMBER 2025....😱😱
Popular Crypto Analyst/Trader Peter Brandt says #BTC☀ bull run is following similar past post-halving cycles, and if it holds it could reach $130,000 to $150,000 by late 2025,
As per Brandt,The recently-passed April 20 Bitcoin halving is a coded-in event about every four years that slashes mining rewards by 50%, and halving dates have “represented almost perfect symmetry within past bull market cycles,”
According to him, historically, the #BTC☀ halving date has sat almost in the middle of when a bull market starts and when it reaches its peak.
The last Bitcoin bull market started about 16 months before the halving on May 11, 2020, and the cycle ended about 18 months after that,
Brandt noted that the two previous halvings — on July 9, 2016 and Nov. 28, 2012 — followed a similar pattern & If this sequence continues, the next bull market cycle high should occur in late Aug/early Sep 2025,”
Brandt added that “no method of analysis is fool-proof” when it comes to guessing Bitcoin’s cycle high, but past highs have followed a similar growth pattern and if it continues he puts a bull market high “in the $130,000 to $150,000 range.
he further added If #BTC fails to make a new all-time high and sinks below $55,000, the probability that the cryptocurrency is experiencing an “exponential decay.”
$MANEKI THE LUCKY CAT CONTINUES IT'S REMARKABLE RUN…😱😱
The Leading CAT Meme $MANEKI from $SOL Chain Continues its Impressive Run with strings of Super Bullish News on the line….
The Developers are Under - promising & Over Delivering, which is rare on these days…
Top Notched Marketing is another attribute to this potential growth
and the Die-Hard $MANEKI Community makes a huge impact too,
With just little over one month Old & abt 17 CEX listing under its belt, $MANEKI seems racing towards another New ATH
Let's look at the $ MANEKI Current status
Current Price - $0.01776 Market Cap - $150 Million CMC Ranking- 368 Holders - 100k+ ATH- $0.0277
Apart from been the First Meme to be featured under Nasdaq in NY times Square, these are the future Marketing Campaigns lined up for this Lucky Cat to boost its Impressive Run towards $1 Billion+ Market Cap.
🔴Month long Billboard campaign with a Iconic City & Company
🔴Global Anime series with a legendary studio
🔴Major sports partnerships
🔴 Major Top Tier CEX Listing sooner than we all expect..
Let's prepare for Moon journey with $MANEKI
if you are in to investing on Cryptocurrencies Do not miss $MANEKI the Lucky Cat from Far Far East….
DYOR..
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