Monthly Archives: February 2021

Central Bank of Nigeria bans banks from servicing crypto exchanges

Nigeria’s central bank has prohibited commercial banks from providing account services to crypto exchanges. The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on Friday. According to the central bank’s notice, the ruling is an extension of earlier warnings from the bank about the risks associated with virtual currencies. Source: Twitter As part of the ban, the CBN has directed all commercial […]

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Whitehat hacker receives $1.5M bug bounty after patch pumps token price

A bumper payout for identifying a critical bug in a smart contract caused increased confidence in the ArmorFi platform and a 100%+ token pump. A whitehat hacker has seen what was already one of the largest smart contract-related bug bounties ever awarded more than double, after the ARMOR token price pumped following the announcement of his reward. On Feb. 3 ArmorFi announced that Alexander Schlindwein of Idea Markets had identified a critical bug in its smart contracts before the insurance brokerage platform went live. If left unpatched, […]

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Federal reform could transform crypto’s cannabis use case

As senators call for an end to the federal prohibition of marijuana, how would it affect the crypto-cannabis connection that’s arisen in the weed industry’s banking blindspot? The recent vow by United States Senate leader Chuck Schumer to end federal prohibition of cannabis could have knock-on effects for Bitcoin (BTC) and the wider cryptocurrency industry. Schumer and fellow Democratic senators Ron Wyden and Cory Booker released a joint statement on Feb. 1, declaring their intention to comprehensively reform federal cannabis legislation. The statement noted the disproportionate impact […]

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Theta blockchain launches first decentralized exchange dubbed ThetaSwap

Blockchain-based video streaming network Theta now has its own decentralized exchange. Theta (THETA) has launched ThetaSwap, the blockchain’s first decentralized exchange platform, according to an announcement issued on Friday. ThetaSwap v1 users will reportedly be able to swap Theta-based TNT-20 tokens in much the same way as is the case for automated market maker services like Uniswap and SushiSwap for ERC-20 tokens on the Ethereum chain. With the launch of ThetaSwap v1, the project says it is hopeful that users will become incentivized to interact with the […]

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African Hip Hop Artist Davido ‘Thinking of Starting a Bitcoin Trading Company’

Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. Senegalese singer Akon is another prominent African personality to embrace crypto assets. Before the tweet, Davido revealed in October 2020 that he had entered into a partnership with Bitsika, a Ghana-based crypto payment firm. As part of the agreement with Bitsika, Davido, who has […]

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4 reasons Bitcoin is about to reclaim $38K putting all-time highs back in play

Bitcoin will likely break out of the dreaded $38,000 resistance areas if four factors buoy the momentum of BTC. The price of Bitcoin (BTC) has risen above $38,000 after nearly 21 days below this level with the exception of the “Elon Musk” rally last week. There are four major factors that have coincided with the rebound in BTC price above this key level that could see Bitcoin have another go at $42,000. These factors include the neutral Relative Strength Index (RSI) indicator, miner outflow decreasing, exchange netflow back […]

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Surge in Bitcoin energy consumption sparks debate in crypto community

Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency. According to the latest data from Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin energy consumption has been at its highest historical levels since late 2020, with the estimated annual consumption level staying above […]

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LIVE – Ethereum Dominance Hits 16%! | Visa Goes BIG On Crypto | Much More Cryptocurrency News!

😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don’t miss your daily cryptocurrency news! SOURCES | TIMESTAMPS ► 0:00 – Intro ► 2:02 Market Overview – https://www.coingecko.com/en ► 4:43 Is It A Good Time To Buy ETH? – https://www.reddit.com/r/ethfinance/comments/lc92jj/daily_general_discussion_february_4_2021/ ► 10:09 Mining Gains / My Trade Today ► 14:24 Visa Reveals Bitcoin And Crypto Banking Roadmap Amid Race To Reach Network Of 70 Million – https://www.forbes.com/sites/billybambrough/2021/02/03/visa-reveals-bitcoin-and-crypto-banking-roadmap-amid-race-to-reach-network-of-70-million/ ► 18:12 Jack Likes What Miami’s Mayor Proposes – https://twitter.com/jack/status/1356716633994092548 ► 18:54 […]

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YouTube boxer Logan Paul turns himself into an NFT Pokemon card

Winning bidders on Logan Paul’s auction of first edition Pokemon card packs will also receive a limited edition NFT featuring the man himself. Controversial YouTube celebrity Logan Paul has jumped on the nonfungible token, or NFT, bandwagon as part of his latest self-promotion. Decentralized e-commerce platform Bondly announced Feb. 4 that it will create a limited edition of 44 NFTs featuring a “holographic” image of Paul in his boxing gear mocked up as a Pokemon card. The NFTs will be distributed to auction winners in Paul’s upcoming […]

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Estonia’s crypto honeymoon at an end as stricter regulations loom

After revoking licenses for many crypto firms, Estonia’s parliament is considering even stricter cryptocurrency laws. Estonia’s finance ministry is reportedly looking to enact stricter crypto licensing regulations. This comes after the authorities revoked the licenses of about two-thirds of the cryptocurrency businesses operating in the country back in 2020. According to ERR News, the Estonian Ministry of Finance issued draft legislation back in January to tighten the noose on the country’s crypto industry. As part of the proposed rule changes, the Finantsinspektsioon — Estonia’s Financial Supervisory Authority […]

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