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Bitcoin Price Plunges; Crypto Market Loses $500 Billion


Bitcoin price drops significantly on Saturday. More precisely, it loses 10% of its value within one hour. Overall, the world’s largest cryptocurrency is down by almost 18%. The cryptocurrency market cap dipped almost $500 billion, whereas BTC’s market cap crashed by almost $200 billion. Besides...

Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch


Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank has said. E-Naira’s Initial Trade Volumes In addition to the 488,000 wallets that have been...

Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs


Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate...

$500 Neopets NFTs Are So Sad Most Of Them Are Crying


As threatened back in September, the lovable childhood heroes known as the Neopets have turned to the dark side, transformed randomly into a series of non-fungible tokens and sold to folks interested in owning their own small slice of the death of our planet. Of the 10,000 tokens created less than...

Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares


A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials...

FTX Us Shows 500% Jump in Daily Trading Volume in Q3


As the crypto market finds its rhythm, trading platforms like FTX are rejoicing with increased traffic. The crypto exchange’s US arm recently released its quarterly revenue report, showcasing a 500% jump in daily trading volume.  The report released by FTX US also states that the platform held...

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