Bitfinex Bitcoin long positions reach $5.1B — Is someone buying or hedging?
Analysts speculate that the Bitcoin bull run is ready to resume after Bitfinex longs soar to $5.1 billion. Are they mistaken? Go to Source
Month: February 2025
Binance Faces Massive $81.5 Billion Lawsuit From Nigerian Government
Nigeria has sued Binance for $81.5 billion for running an unlicensed operation and tax evasion. Nigeria Demands Binance Pay for Economic Harm The Nigerian government has reportedly filed a lawsuit against Binance, seeking $79.5 billion in compensation for “economic losses” and $2 billion in back taxes. The lawsuit, filed in Federal High Court in Abuja, … Read more
Ethereum’s Price Surges While SOL Dips 30%; Traders Flock to BlockDAG Ahead of 10 CEX Listings—Presale Nears $200M!
Ethereum’s Price Surges While SOL Dips 30%; Traders Flock to BlockDAG Ahead of 10 CEX Listings—Presale Nears $200M! This week, Ethereum’s price surge and Solana’s price drop have created a stark contrast in the market, leaving traders confused about which crypto to buy today. Ethereum saw a 5.5% price jump, driven by speculation surrounding the … Read more
Nigeria files $81.5B lawsuit against Binance exchange: Report
According to Nairametrics, Nigeria’s total money supply (M2) increased 17% year-over-year in January 2025, diluting the currency’s value. Go to Source
Nigeria Eyes Crypto Tax Revenue
Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Securities and Exchange Commission (SEC) has announced it is working to bring transactions on licensed cryptocurrency exchanges into the formal tax … Read more
Crypto, quantum computing on collision course as Microsoft debuts new chip
Tech giant Microsoft has announced the debut of its new quantum computing chip, Majorana 1, after nearly 20 years of research. Go to Source
Pi Network mainnet launch: What it means for pioneers
Pi Network’s mainnet launch marks a pivotal moment, offering pioneers the chance to fully utilize their mined Pi, but it also comes with evolving risks and uncertainties. Go to Source
Bitcoin Faces $86K Threshold as Demand, Liquidity Woes Persist: Report
Bitcoin’s price risks further decline amid persistently weak demand and liquidity, according to a Cryptoquant report released on Wednesday. Cryptoquant Warns of Bitcoin Downturn Amid Historic Liquidity Slowdown In a Feb. 19, 2025 report, Cryptoquant researchers warned bitcoin (BTC) could drop to $86,000 after hitting a one-month low of $93,000, citing deteriorating demand and liquidity … Read more
Price analysis 2/19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown. Go to Source
Bitcoin ETFs Steal Gold’s Shine
The price of gold has shot up nearly 45% since February 2024 to $2,927.10 per ounce according to gold.org, but Bloomberg exchange-traded fund (ETF) Analyst Eric Balchunas says “No one cares,” in a post on X. Indeed, gold ETFs have virtually stalled within that same timeframe, while spot bitcoin ETFs have amassed more than $40 … Read more
