When the Nigerian government suddenly banned access to foreign exchange for textile import companies in March 2019, Moses Awa* felt stuck. His business – importing woven shoes from Guangzhou, China, to sell in the northern city of Kano and his home state of Abia, further south – had been suffering along with the country’s economy. The ban threatened to tip it over the edge. “It was a serious crisis: I had to act fast,” Awa says. He turned to his younger brother, Osy, who had begun… Source link

Excitement is building around ethereum staking. Dado Ruvic/Reuters Bitstamp’s CEO has been “blown away” by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The CEO of crypto exchange Bitstamp has been… Source link

Bitstamp’s CEO has been “blown away” by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. … Source link

Ethereum Ethereum rose by 3.37% on Friday. Following a 3.59% gain on Thursday, Ethereum ended the day at $2,463.90. A mixed start to the day saw Ethereum fall to a late morning intraday low $2,317.51 before making a move. Steering clear of the first major support level at $2,301, Ethereum rallied to a late intraday high $2,472.18. Ethereum broke through the first major resistance level at $2,433 to end the day at $2,470 levels. At the time of writing, Ethereum was down by 0.63% to $2,448.28. A… Source link

Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn’t been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4.  Traders and investors view the EIP-1559 launch as a bullish factor for Ether price because it is expected to reduce gas fees. However, Ether miners are not thrilled with the proposal because the proof-of-work model will no… Source link

Cryptocurrencies were mostly lower on Friday as buyers took profits after a short-squeeze rally. Bitcoin was trading at just below the $40,000 resistance level at press time and is up about 15% over the past week. Bullish sentiment has returned after a sharp sell-off in May and two months of consolidation above the $30,000 support level. Some analysts are optimistic and expect buyers to remain active above the 50-day moving average, which is at about $34,000 now. Latest prices S&P 500: 4395,… Source link

One early bitcoin (BTC-USD) investor has crunched the numbers on the crypto, and thinks it’s looking mighty undervalued at the moment.  “We did a study showing the number of people using bitcoin over the years and price of bitcoin. Both of those data series went up by an order of magnitude every two years. If that kept going, that would put bitcoin at $700,000 when everybody with a smartphone uses it. Ten years time is a reasonable forecast,” Pantera Capital founder Dan Morehead said on Source link

Newegg took to Twitter to announce that it is now integrating Litecoin payments on its e-commerce website. The integration comes with BitPay announcing that they now accept Litecoin payments. The payments provider said this in a press release on July 29th, announcing support for LTC in its app, BitPay Wallet. Furthermore, the press release revealed that Newegg will be the first merchant to accept Litecoin through BitPay. Keeping in line with the merchant being… Source link

During the early days of Bitcoin (CRYPTO:BTC), an estimated 25% of wallet users utilized the digital currency for illicit activities such as buying narcotics or illegal firearms, or as payment for human trafficking. It was impossible to catch the criminal syndicates behind the transactions back then. After all, cryptocurrency exchanges were once not legally required to verify customers’ identities — leading to widespread money laundering from… Source link

Ethereum Ethereum rose by 3.59% on Thursday. Following a 0.01% gain on Wednesday, Ethereum ended the day at $2,383.32. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,267.78 before making a move. Steering clear of the first major support level at $2,248, Ethereum rallied to a late intraday high $2,399.99. Ethereum broke through the first major resistance level at $2,351 to end the day at $2,380 levels. At the time of writing, Ethereum was down by 0.45% to $2,372.50…. Source link