#sol Quidax introduces free banking for Nigerian crypto users, marking a new era post-CBN ban lifting, effective December 22, 2023.#quidax , a leading cryptocurrency #exchange in Africa, has introduced free bank account deposits and withdrawals for its Nigerian users. This development follows the Central Bank of Nigeria’s (CBN) decision to lift the country’s two-year ban on cryptocurrency #transactions . Starting December 22, 2023, Quidax is offering this free service for 30 days, a move seen as a celebration of the lifted prohibition and a seasonal gift to Nigerians.This initiative by Quidax allows existing and new customers to conduct transactions without incurring additional fees through their bank accounts. The company emphasizes completing the necessary identity verification processes to utilize these free services. This gesture is a significant step towards enhancing the convenience and affordability of cryptocurrency trading in Nigeria.The Impact of CBN’s Policy Reversal on Crypto IndustryThe lifting of the ban by the CBN announced via a circular to all commercial banks, marks a pivotal moment for Nigeria’s cryptocurrency industry in 2023. This reversal comes after the initial February 2021 ban prohibited banks from facilitating transactions with crypto-related entities. The ban had posed a significant challenge to the growing Nigerian #Cryptocommunity , which previously enjoyed the freedom to conduct crypto and fiat transactions via bank accounts.Despite developing the National Blockchain policy in May 2023, the prohibition remained effective until the recent announcement. The reversal is expected to significantly ease the process for crypto investors in Nigeria, enabling them to engage in crypto-based transactions through their bank accounts more freely. This move is anticipated to foster a more enabling environment for cryptocurrency trading and adoption within the country.Quidax’s Strategic Adaptation and Expansion PlansDuring the ban, Nigerian companies in the crypto space faced significant challenges. Many either moved their operations abroad or ceased operations entirely. However, companies like Quidax adapted by innovating to maintain their customer base and operations.A Quidax executive said the company strived to uphold global best practices despite regulatory challenges. Relaxing the CBN’s restrictions is seen as a positive development for the industry, likely to boost crypto adoption in Nigeria.Quidax, celebrating its fifth anniversary, has been focusing on expansion. With the lifting of CBN restrictions, the Lagos-based exchange is now positioned to attract a broader customer base and offer enhanced service value. The company’s resilience during the ban and its response to the policy change underscores its commitment to fostering a favorable environment for cryptocurrency trading and adoption in Nigeria.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @WISE CRYPTO NEWS

Cryptocurrency, a decentralized form of digital currency, has emerged as a powerful force in reshaping finance and empowering individuals globally. Here's a concise overview of its key strengths and how one can tap into profit opportunities:1. **Decentralization:** Cryptocurrencies operate on decentralized #blockchain technology, eliminating the need for intermediaries. This provides users with greater control over their finances, reducing the risk of manipulation.2. **Financial Inclusion:** Cryptocurrencies enable #financial access for the unbanked, fostering economic growth. With just a smartphone, individuals can participate in the global economy, send/receive funds, and access financial services without traditional banking.3. **Borderless Transactions:** Cryptocurrencies facilitate fast and low-cost cross-border #transactions streamlining international trade and benefiting individuals who need to send #money globally.4. **Security and Privacy:** Blockchain technology ensures high-level security and privacy, reducing the risk of fraud. Transactions are transparent and immutable, providing users with control over their personal information.Profit Opportunities:To capitalize on the potential profits of cryptocurrency, consider these strategies:1. **Long-Term Investment:** Holding onto well-established cryptocurrencies like #Bitcoin and Ethereum can yield substantial returns over time as their value tends to appreciate.2. **Trading:** Actively trading cryptocurrencies involves buying and selling based on short-term price movements. While it requires expertise and market awareness, it can be a lucrative venture for those with a risk-tolerant mindset.3. **Staking and Yield Farming:** Some cryptocurrencies allow users to earn passive income by staking their assets or participating in yield farming programs. This involves locking up funds to support network operations and, in return, receiving additional tokens or rewards.In conclusion, cryptocurrency's decentralization, financial inclusion, and security features make it a powerful tool for individual empowerment. Exploring different avenues, such as long-term investments, trading, staking, and yield farming, can open doors to profitable opportunities in the dynamic world of cryptocurrency.

#sol Shiba Inu's circulating supply could dramatically drop by 99.9%, as lead developer suggests ambitious #SHIBburn .The Shiba Inu cryptocurrency #community is abuzz with the latest statement from Shytoshi Kusama, the project’s lead developer. Kusama has raised the possibility of reducing Shiba Inu’s current circulating supply to just 0.1% of its existing volume. This announcement has sparked widespread discussion and speculation among investors and enthusiasts of the digital currency.Shiba Inu, known for its vast circulating supply currently standing at 580,925,715,095,591 (580 trillion), would see a dramatic shift if this plan were to come to fruition. Kusama’s statement came as a response to a critic’s sarcastic suggestion to burn 99.9% of $SHIB tokens, possibly using the fees generated from Shibarium #transactions . Kusama confidently retorted that such a feat, while challenging, is not beyond the realm of possibility.#ShibaInuCommunity Response and FeasibilityThe Shiba Inu community has generally reacted positively to Kusama’s bold assertion. Enthusiasts like Raul Valadez-Rayas express patience and anticipation for the potential burn of trillions of SHIB tokens. This sentiment is reflective of a broader optimism within the Shiba Inu community, where many are eager to see the currency’s value increase through significant supply reductions.However, achieving such a drastic reduction is not without its challenges. Burning 99.9% of SHIB’s supply would require strategic and large-scale token removal from circulation. While the SHIB development team has successfully conducted token burns in the past, these have been on a much smaller scale. Scaling up to the level suggested by Kusama would necessitate novel approaches, potentially leveraging transaction fees from Shibarium or other innovative methods.Economic Implications and Future ProspectsThe potential economic impact of reducing Shiba Inu’s circulating supply so significantly is a topic of considerable interest. A reduced supply could theoretically increase the scarcity of SHIB tokens, potentially driving up their value. However, market dynamics are complex, and such a move could have varying effects depending on broader market conditions and investor perceptions.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @WISE CRYPTO NEWS

#BONK Ripple CTO David Schwartz and lawyer Bill Morgan expressed concerns over the US SEC definition of "#Cryptoassets security"Ripple chief technology officer (CTO) David “JoelKatz” Schwartz expressed concerns over the U.S. Securities and Exchange Commission’s (SEC) definition of “crypto asset security”.Under Chair Gary Gensler, the SEC refers crypto asset security to assets including digital assets, virtual currencies, coins, and tokens. They believe all the abovementioned assets meet the definition of “security” under the federal securities laws.Ripple CTO David “JoelKatz” Schwartz Contradicts SECRipple CTO David “JoelKatz” Schwartz reacted to an SEC filing in the Wahi lawsuit. He said the SEC’s “crypto asset security” definition only matches to something like tokenized stock. The SEC is potentially spreading wrong information in the government.He explained that “things you transfer with distributed ledgers” tokens are not contracts, #transactions , or schemes. Hence, they cannot be categorized as investment contracts. “So for them to be a security, they’d have to meet one of the other criteria for being a security under US law.”Also, the term “asset” is ambiguous. He gave an example that when someone sells an apple, the asset received is not just the apple. “You also have the right to sue me if the apple is defective which is part of the asset you bought.” Gary Gensler that almost everything in the crypto industry is a security, including those well-established are not securities.Judge Torres had ruled that programmatic sales of $XRP is not a security under the Howey Test. However, Gensler disagrees with the court.Pro-XRP lawyer Bill Morgan added that the SEC has used terms like ‘crypto asset securities’ and ‘crypto securities markets’ to push an agenda. He asserts the SEC is spreading propaganda.Morgan cleared that these terms are not found in the US securities legislation. Also, the SEC cannot and will not define these terms as they believe no rulemaking is needed for crypto.“The SEC produced a definition of crypto asset securities instead of just using the term the market would have some criteria to decide whether a crypto is a crypto asset security. But the SEC cannot even tell Congress whether #ETHEREUMS is a security. It doesn’t even have a definition for its own terms.”Meanwhile, Coinbase knocks on the court’s door as the SEC has officially denied the request for crypto rulemaking. The SEC claimed “existing securities laws apply to cryptocurrencies, “SEC addresses the crypto securities markets through rulemaking as well,” and “it is important to maintain Commission discretion in setting its own rulemaking priorities.”🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #BinanceTournament @WISE CRYPTO NEWS

#sol Pan-African trading firm, Yellow Card Exchange is exploring ways to apply for licensing in Nigeria after CBN lifted crypto banWith the Central Bank of Nigeria (CBN) lifting its ban on cryptocurrency #transactions for banks in the country, Pan-African crypto trading platform, Yellow Card Exchange is now exploring avenues to get licensed in the most populous African nation.Yellow Card Exchange Eyeing First Mover AdvantageAs a trading platform with a mission to dominate Africa, Yellow Card Exchange is exploring avenues to leverage the first-mover advantage with the pursuit of licensing. Despite being a dominant player in Africa, offering experiences similar to Jack Dorsey’s Cash App, Yellow Stone has been limited in Nigeria owing to the uncertain regulatory provisions.This trend is about to change as confirmed by Ogochukwu Umeokafor, the #exchange ’s Director of Product Management. “You’ve waited for something and it has come true and we’ll jump on it immediately,” Ogochukwu said in a phone interview with Bloomberg. “We want a regulated environment because it’ll help the business move; it will help people have more confidence in doing business with us.”The exchange has started the process of seeking approval for its business with the Nigerian Securities and Exchange Commission (SEC), however, this move has remained stalled since the firm needed to maintain a functional corporate account which per the earlier CBN stance was impossible. With the ban lifted, commercial banks in the country are now allowed to open accounts for Virtual Assets Service Providers (VASPs) and crypto traders will also have no fear of their assets being seized as was once the norm. Besides Yellow Card Exchange, other trading platforms might also make their entry into the Nigerian market to capitalize on the highly crypto-savvy population.Nigeria to Reclaim its True Crypto LeadWith the ban lifted, Nigeria can now truly take the lead as the major hub driving crypto trading on the African continent. Different reports peg the Nigerian crypto trading statistics in line with other global crypto hubs like Indonesia and Brazil.As part of the country’s leanings toward the emerging world of crypto, the CBN ranked as the first apex bank in Africa to launch a Central Bank Digital Currency (CBDC) dubbed the e-Naira. In all, the positive disposition of the masses toward Bitcoin has attracted numerous humanitarian projects to the West African giant.These trends are here to reposition the country as the true pioneer in the crypto ecosystem.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #NEAR #INJ @WISE CRYPTO NEWS