According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich country. Migrants Shunned Official Channels […]

BitMEX and its trio of founders Arthur Hayes, Benjamin Delo and Samuel Reed are facing yet another RICO lawsuit in California, as shown by court documents filed Wednesday. The lawsuit is filed by Anatoly Sorokin, who is being represented by Pavel Pogodin, the same attorney who filed the prior civil RICO suits against BitMEX and its staff. As such, the […]

With three of the defendants in Dr. Craig Wright’s Stolen Bitcoin case being formally served this week, more details about the lawsuit have emerged. In particular, counsel for the plaintiff filed a 30-page witness statement provided by Dr. Wright in connection with the case. In it, he sheds more light on the 2020 hack which led to his losing access […]

Elon Musk’s latest foray into crypto markets came a few hours ago when he tweeted he is working with the DOGE developers to improve the cryptocurrency’s efficiency “Working with Doge devs to improve system transaction efficiency. Potentially promising.” According to Coingecko, the price climbed 26% from $0.38 this morning to $0.48 at the time of writing. The tweet’s reference to “efficiency” seemed […]

Galaxy Digital founder and CEO Mike Novogratz, a billionaire active in the digital asset space, says up to 85% of his net worth is in cryptocurrencies. In an interview with New York Magazine’s Intelligencer published today, Novogratz said that while he did have roughly 30% of his net worth in crypto starting at the 2017 bull run, the recent price […]

The market capitalization of Ether (ETH) has increased at a much faster rate than Bitcoin’s (BTC) over the past year, highlighting the relative outperformance of ETH versus BTC over that period.  In its latest Blockchain Letter, cryptocurrency investment manager Pantera Capital charted Ether’s growth trajectory. “The ratio of ethereum’s market cap to Bitcoin’s market cap has doubled in the last […]

Orbs, a public blockchain infrastructure designed for businesses looking at trust as a competitive strategy, announced its integration to Chainlink Price Feeds Oracle to secure its Liquidity Nexus. Daniel Peled, the founder of Orbs, explained: “The Liquidity Nexus is a revolutionary idea for DeFi, creating a platform of risk tranching that divides risks between USD and crypto holders. We wanted […]

The value of bitcoin has taken a serious blow after industrial designer, and engineer Elon Musk announced that it would no longer accept bitcoin as a means of payment for purchasing Tesla vehicles. Musk, also the founder, CEO, CTO, and chief designer of SpaceX; made his announcement on twitter. The business magnate expressed that the increasing amount of fossil fuels, […]

Altcoins have taken this year by storm with many of them putting up unbelievable performances to date. One of such coins is DOT which has been nothing but amazing since the start of the year. The cryptocurrency made its trading debut in August 2020 and has since gained over 1,200% in value, securing the 8th position on the crypto ladder […]