It is stale news that 2022 has been a challenging year for global markets, and crypto markets have fallen over 60% from their peak in late 2021. Early in the year, central banks worldwide began to raise interest rates to slow inflation.
5 events that defined the crypto space in 2022
From multi-million dollar hacks to groundbreaking blowups, 2022 was an eventful year in crypto
American Fintech ZELF launches anonymous Visa debit card with crypto recharge
ZELF, an American fintech company, has launched an anonymous Visa debit card that can be used as legal tender in 80 million locations around the globe.
Hackers eye wealthy crypto funds using telegram chats
In a recent case of crypto cybertheft, a hacker identified as DEV-0139 has earmarked wealthy cryptocurrency funds through the use of Telegram group chats, Microsoft’s (MSFT) Security Intelligence team stated in a report on Wednesday.
Want to invest in December? Here are 3 cryptos to consider
Crypto enthusiasts will hope that the market thrives in December better than it did in November.
Possible reasons Bitcoin and Ethereum are on the path of recovery
This is a good sign for investors who have lost hope in the market’s trajectory. But caution needs to be applied to avoid an unforeseen loss. Thus, crypto investors are advised to monitor the market closely while it returns to its previously sophisticated ambience.
Senior Binance executive says the company might not have an exchange in 10 years time
Binance’s chief strategy officer, Patrick Hillman, revealed that he thinks the company’s centralized exchange might not be a thing in 10 years due to the cryptocurrency market’s intense edge towards decentralized finance (DeFi).
Nigerian government set to tax cryptocurrency, other digital assets
Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has announced that there is a provision to tax cryptocurrency and other digital assets in the 2022 Finance Bill.
Economic Downturn: Nigerian crypto exchange Quidax lays off 25% of its staff
Nigerian cryptocurrency Exchange, Quidax, has laid off at least 20 of its staff, representing 25% of its workforce. This is coming just a few months after the company splashed millions of naira sponsoring season seven of Big Brother Naija, the most popular reality TV show in Nigeria. The company first slashed its workers’ salaries by 30% in […]
Bitcoin defies macro environment to surge above $20,000
Flagship cryptocurrency asset, Bitcoin, seems to be defying all known laws of gravity