Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023

Dec 2, 2022

A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S. dollar on the parallel market. Currency Fair Value Analysis According to a Bank of America economist, Tatonga Rusike, the Nigerian currency, which has officially stayed below the 450:1 mark since May ...read more

Fidelity Offers Ethereum Trading and Custody to Institutional Clients

Dec 2, 2022

Fidelity Digital Assets, part of one of the most prominent asset managers in the world, Fidelity Investments, announced this week it will offer Ethereum trading and custody services to its base of institutional clients. The new product should be ready before the end of this month.According to an e-mail, Fidelity Digital Assets sent its clients, after successfully finishing Ethereum Merge "many investors are looking at Ethereum through a new lens." Responding to their needs, the company has decid ...read more

Fidelity To Support Ethereum Trading For Institutions

Dec 2, 2022

Fidelity Digital Assets is adding support for Ethereum trading for institutional trading effective at the end of the month. The news comes through a widely amplified screenshot of a leaked email that was reportedly sent to the firm’s clients. Lets take a look at what we know in the early days around this leak, with realized support for Ethereum expected to be just a week away. Fidelity Digital Assets Makes A Big Stride Fidelity Investments operates one of the biggest financial institution ...read more

Celestia Raises $55 Million to Solve Blockchain Modularity Challenge

Dec 2, 2022

Celestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million to Make Blockchain Deployment Easy Celestia, a project that aims to tackle the problem of blockchain d ...read more

Solana (SOL) Breaks Below $30 Support; Have Bulls Given Up So Soon?

Dec 2, 2022

SOL’s price struggles to hold above key support as price trades below the region of interest for more uptrend.  SOL continues to struggle as prices get rejected in a downtrend price movement after losing support to bears.  The price of SOL trades below $30 for the first time after a while as the price continues its movement below 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  The price of Solana (SOL) hasn’t looked as strong as it should, as the price lost i ...read more

US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency

Dec 2, 2022

A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accused of obtaining military technologies from American companies, smuggling oil, and disguising money flows for Russian oligarchs through shell companies and crypto transactions. Russians Arrested in Europe Face Extradition to US on Allegations of Shipping Oil, Dual-Use Technology in Violation of ...read more

Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows

Dec 2, 2022

Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone. Ethereum is holding the main breakdown support at $1,265. The price is now trading below $1,310 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if there is a ...read more

Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’

Dec 2, 2022

The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. “We’ve had four years of experience in regulating this industry … We think that this may be actually a good time to really think carefully about whether we will continue with this professional investor-only requirement.” SFC Director on Crypto Regulation in Hong ...read more

Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022

Dec 2, 2022

In this episode of NewsBTC’s daily technical analysis videos, we are analyzing Bitcoin dominance (BTC.D) and how the top cryptocurrency might perform in the near term against altcoins. Take a look at the video below: VIDEO: Bitcoin Dominance Versus Altcoins (BTC.D): October 20, 2022 In addition to the video highlights listed below the video, we also analyze BTC.D using the Ichimoku, Average Directional Index, LMACD, and other technical tools. Related Reading: Is The Final Wave In Ethereum ...read more

Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS

Dec 2, 2022

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s request to join the BRICS nations that comprise Russia, China, India, Brazil, and South Africa. Robert Kiyosaki’s Latest US Dollar Warning The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with another dire warning about the U.S. dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times B ...read more

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