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BRICS: Nigeria Plans To Sell Oil in Local Currency
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
#TrendingTopic
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
#TrendingTopic
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The End of the Road for Bonk?
While no one can accurately predict the future, the recent decline in the price of #BONK could pave the way for a deciding moment for the asset’s future price.Such a substantial price drop can easily turn into a downward spiral that sends the price into hard-to-recover-from levels. The second largest meme coin, Shiba Inu, is an example of a token that has faced a similar struggle. While SHIB has impressed in recent weeks, it remains 87.79% below its October 2021 all-time high.Meanwhile, BONK’s
XRP Lawsuit News: Ex-SEC Attorney Says ‘No Settlement’
#XRP Lawsuit News: Ex-SEC Attorney Says ‘No Settlement’ Because Gensler won ‘Half The Case
XRP's price surged massively following Gary Gensler's announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler's departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at
XRP's price surged massively following Gary Gensler's announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler's departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at
As the cryptocurrency market continues to evolve, Ripple's XRP has become a focal point for traders and investors seeking to understand its price dynamics. Currently, XRP is displaying a distinct pattern that could determine its potential to reach the $1.90 mark. Analysts are closely monitoring this trend, as a breakout could signal a significant upward movement.
XRP has been fluctuating within a defined price range, with resistance levels that have proven challenging to surpass. The recent price action suggests that XRP is at a critical juncture. If it can break through the current resistance, it may not only gain momentum but also attract additional investor interest, potentially pushing the price toward the coveted $1.90 target.
Several factors contribute to the current market conditions for XRP. First and foremost, the ongoing legal battles between Ripple and the U.S. Securities and Exchange Commission (SEC) continue to shape investor sentiment. Recent rulings have provided some clarity, fueling optimism among XRP holders. As regulatory uncertainty diminishes, the market may respond positively, encouraging more buying activity.
Additionally, the broader cryptocurrency market's performance plays a crucial role in XRP's price movement. Bitcoin and Ethereum, as the leading cryptocurrencies, often set the tone for the market. If these major assets experience bullish trends, altcoins like XRP tend to follow suit. Thus, XRP's ability to break its current pattern may also depend on the overall market sentiment and the performance of its larger counterparts.
Technical analysis indicates that XRP is approaching a key support level. Traders are watching for signs of a reversal or breakout. A successful breach of the resistance level could lead to increased trading volume and heightened interest from institutional investors, further propelling the price upward.
$XRP
XRP has been fluctuating within a defined price range, with resistance levels that have proven challenging to surpass. The recent price action suggests that XRP is at a critical juncture. If it can break through the current resistance, it may not only gain momentum but also attract additional investor interest, potentially pushing the price toward the coveted $1.90 target.
Several factors contribute to the current market conditions for XRP. First and foremost, the ongoing legal battles between Ripple and the U.S. Securities and Exchange Commission (SEC) continue to shape investor sentiment. Recent rulings have provided some clarity, fueling optimism among XRP holders. As regulatory uncertainty diminishes, the market may respond positively, encouraging more buying activity.
Additionally, the broader cryptocurrency market's performance plays a crucial role in XRP's price movement. Bitcoin and Ethereum, as the leading cryptocurrencies, often set the tone for the market. If these major assets experience bullish trends, altcoins like XRP tend to follow suit. Thus, XRP's ability to break its current pattern may also depend on the overall market sentiment and the performance of its larger counterparts.
Technical analysis indicates that XRP is approaching a key support level. Traders are watching for signs of a reversal or breakout. A successful breach of the resistance level could lead to increased trading volume and heightened interest from institutional investors, further propelling the price upward.
$XRP
#BinanceEarnings presents a golden opportunity to grab some $NEIRO !
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James Murphy Criticizes SEC Over Using ‘Digital Asset Securities’ Yet Again
#XRP Lawsuit Settlement
With a most anticipated Trump win in the US elections this season, there are high expectations of clear regulatory policies for crypto under Trump, as he had voiced similar sentiments during his campaigns including Gary Gensler’s exit and the establishment of a strategic Bitcoin reserve.
However, recently, Gary Gensler in a PLI’s 56th Annual Institute speech last week, restated that Bitcoin is not a security. He also cleared intent to continue targeting XRP as security,
With a most anticipated Trump win in the US elections this season, there are high expectations of clear regulatory policies for crypto under Trump, as he had voiced similar sentiments during his campaigns including Gary Gensler’s exit and the establishment of a strategic Bitcoin reserve.
However, recently, Gary Gensler in a PLI’s 56th Annual Institute speech last week, restated that Bitcoin is not a security. He also cleared intent to continue targeting XRP as security,
#Bitcoin Hits $94,500 All-Time High While Crypto Market Drops 1% Today
Bitcoin Hits $94,000, Reaches Record High
The leading cryptocurrency has created a new all-time high and proved its resilience and allure as a store of value despite mixed market conditions.
But while the larger cryptocurrency market wasn't quite so celebratory. In the last 24 hours, the total market capitalization of cryptocurrencies edged down 1%, indicative of patchy sentime
Ethereum/BTC Falls to Its Lowest Since April 2021
Ethereum, the largest cryptocurrency after Bitcoin by market capitalization, has suffered greatly against Bitcoin. The ETH/BTC trading pair has fallen below 0.033 for the first time since April 2021. With this fall, Bitcoin is overtaking the market, and its share of the total market capitalization has now surpassed 50%.
$BTC
Bitcoin Hits $94,000, Reaches Record High
The leading cryptocurrency has created a new all-time high and proved its resilience and allure as a store of value despite mixed market conditions.
But while the larger cryptocurrency market wasn't quite so celebratory. In the last 24 hours, the total market capitalization of cryptocurrencies edged down 1%, indicative of patchy sentime
Ethereum/BTC Falls to Its Lowest Since April 2021
Ethereum, the largest cryptocurrency after Bitcoin by market capitalization, has suffered greatly against Bitcoin. The ETH/BTC trading pair has fallen below 0.033 for the first time since April 2021. With this fall, Bitcoin is overtaking the market, and its share of the total market capitalization has now surpassed 50%.
$BTC
#BinanceEarnings presents a golden opportunity to grab some $NEIRO !
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#COSSocialFiRevolution #BitcoinETFOptions #BitcoinStrategy #90kCryptoZone
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#AVAX Coin Price Successfully Retests Its Important Support Trendline!
With a weekly gain of ~5%, the Avalanche price has maintained its value above the $30 mark. Moreover, it has added 25.69% to its valuation in the last 30 days. It is currently holding the 12th position with a market cap of $14.38 billion.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram with a steady rise in the green histogram. This indicates a positive outlook for the altcoin in the crypto market.
On the other hand, the EMA 50/200-day records a Golden Cross in the 1D time frame. With increasing volatility, the AVAX token may continue gaining value in the upcoming time.
$AVAX
With a weekly gain of ~5%, the Avalanche price has maintained its value above the $30 mark. Moreover, it has added 25.69% to its valuation in the last 30 days. It is currently holding the 12th position with a market cap of $14.38 billion.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram with a steady rise in the green histogram. This indicates a positive outlook for the altcoin in the crypto market.
On the other hand, the EMA 50/200-day records a Golden Cross in the 1D time frame. With increasing volatility, the AVAX token may continue gaining value in the upcoming time.
$AVAX
Ron Hammond, the director of government relations
Ron Hammond, the director of government relations in Blockchain Association has shared a series of X posts noting that if the past 7 days felt like a whirlwind, brace yourself. He claims that crypto and the incoming Trump administration are just getting started.
Starting with the incoming administration, he noted that this week there could be key announcements that will show how Trump plans to approach crypto. He also noted that while Trump may be pro-crypto publicly, major decisions will ofte
Starting with the incoming administration, he noted that this week there could be key announcements that will show how Trump plans to approach crypto. He also noted that while Trump may be pro-crypto publicly, major decisions will ofte