Nigeria sets new crypto licensing rules, bans algorithmic stablecoins
Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.
Ethereum Could Play a Bigger Role in Global Finance by 2029
Ethereum could become an increasingly important part of global finance over the next three years. With major investment firms already using the network for tokenized assets and developers preparing significant upgrades, Ethereum’s role could extend far…
Tesla to Wind Down Cybertruck Production as Elon Musk Pivots to Robotaxis and AI
The Tesla CEO said the Texas plant will make room for the Cybercab, as sales of the stainless-steel pickup run far below capacity.
Bitcoin Holds Critical $76K Level as AI Sell-Off Triggers Market-Wide Panic
Bitcoin holds critical level as it showed early signs of stabilization on Friday after a sharp market-wide sell-off pushed the cryptocurrency toward $75,000. However, the recovery remains fragile, with investors still cautious following heavy losses…
Bitcoin Price Goes Wild Again as US Jobs Report Smashes Expectations
Expectations prior to the release claimed that the monthly growth would be around 59,000 jobs.
US October Nonfarm Payrolls Rise by 165K, Beating 65K Forecast
U.S. nonfarm payrolls rose by 165,000 in October, beating expectations of 65,000, according to the B...
U.S. added 165,000 jobs in October, blowing past 65,000 estimate
The unemployment rate unexpectedly fell to 4.1%. The strong showing surely puts a December rate hike in play, but next week's inflation numbers and the fate of the stock market could prove more important.
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Central Bank of Nigeria rules that took effect Nov. 5 require stablecoin issuers serving Nigerians to incorporate locally, hold at least 10 billion to 15 billion naira in capital and back tokens with 2% extra reserves. The post Nigeria’s Central Bank Now…
Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater
Thursday marked a massive reversal and historic selloff for AI stocks, and crypto was not immune. What held up the strongest?
Ether ETF Outflows Hit Nearly $100M After Inflow Flip
US spot Ether ETF outflows hit nearly $100 million on November 5. The print reversed the prior session, when the same funds took in about $53 million. SoSoValue supplied the flow figures. BlackRock's ETHA led the exits with about $75.20 million in…