crypto ira

The Central Bank of Nigeria (CBN) made a declaration on Oct. 12, lifting the foreign exchange constraints initially placed on the importation of 43 items. This move comes as a part of the bank's broader objective of unifying the local currency's multiple exchange rates and controlling inflation. Background: The Foreign Exchange Restrictions The foreign exchange […]

The United States Securities and Exchange Commission (SEC) has reportedly missed the deadline to contest a court decision that ruled against its rejection of Grayscale's spot bitcoin ETF application. As revealed by sources ahead of the deadline, the SEC had no plans to appeal this ruling, potentially setting up a review of the application. SEC

Unveiling an interesting development in the blockchain realm, the trustees of the now-insolvent FTX exchange are in the process of supervising its bankruptcy proceedings. The trustees have pledged a substantial 5.5 million Solana (SOL) for staking purposes. The current market value of FTX's total Solana holdings is an impressive $1.16 billion. It's noteworthy to mention

The globally recognized iris-scanning project, Worldcoin, has recently incorporated a state bridge into its infrastructure. This new addition allows users to establish and connect their personal bridge with the universal identity, known as World ID, and any blockchain compatible with Ethereum Virtual Machine (EVM). The latest data reveals that Worldcoin has successfully registered approximately 2.35

Recently, Bitcoin (BTC) experienced a downward trend for four consecutive days, causing traders to pay close attention to the situation. Simultaneously, a confirmed fraudulent activity by Caroline Ellison on behalf of SBF has stirred up the market sentiment. Bitcoin's Market Performance Bitcoin, the world's largest cryptocurrency, has witnessed a significant dip in its value. In

In a striking twist, Ethereum has transitioned from a deflationary model to an inflationary one, with a 0.178% increase observed in the last 17 days. During this timeframe, the network's total supply expanded by an impressive 22,502 ether, equivalent to $35.31 million. The Correlation Between Ethereum's Inflation and Onchain Downturn In the past, Ethereum embraced

Stress signals rippled across financial market structures on a grim Monday marred by a sharp slump in the US's major financial indices. This slide, credited to the escalating Israeli-Hamas conflict, double-shocked an already strained crypto sphere, causing a 1.8% dip against the US dollar. On a lighter note, the burgeoning tensions nudged a surge in

A potential downturn in the U.S. dollar could spell a surge for Bitcoin and gold, an economic prediction by financial powerhouse Jefferies suggests. The firm, which operates across four continents, foresees an inability by the Federal Reserve and G7 central banks to adequately retract their unconventional monetary policies. This situation could effectively set the stage

Stars Arena, a pioneering on-chain social application developed on the Avalanche blockchain, was victimised by malicious hackers to the tune of $2.9 million. The cyberattackers successfully exploited a flaw in the smart contract protocols of the app, leading to substantial loss of funds. However, the team at Stars Arena has immediately taken action, proclaiming that

Ranked as the eighth-largest cryptocurrency by market capitalization on October 6, 2023, Cardano – usually denoted by its ticker ADA, has been instrumental in determining the shape of the evolving digital currency ecosystem. Worth over $9 billion and contributing a significant 0.817% to the $1.08 trillion digital currency market, ADA has been gaining recognition as