Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countries - cyptoranking.com

2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
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Although debt forgiveness and stimulus packages differ, they both ultimately lead to an increase in net worth. The digital payment dilemma in Palestine mirrors a global trend where cryptocurrencies are carving a niche, particularly in conflict zones. According to Chainalysis, a blockchain analytics firm, the Russia-Ukraine war exemplifies this trend, where crypto facilitated funding to various factions. Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countriesRelated: Play-to-earn games are the reason ‘real’ gamers hate crypto: Atari founder The incident gained public attention when various Upbit users reported unauthorized deposits of what appeared to be Aptos tokens (APT) in their accounts, according to X user Definalist. Blockworks has reached out to Upbit to confirm.

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Ripple (XRP) Price Prediction | Source: TradingView Oil prices declined as war-related fears began to wane. West Texas Intermediate crude fell by $0.59 per barrel, to $85.79, while Brent crude declined by $0.03, to $87.62. Over the weekend, some traders had begun to fear renewed sanctions against Iran, which could reduce supply and drive up prices. But Iran denied involvement on Monday, which gradually began to reduce these expectations. Does KuCoin require ID?An ICO can have a static token supply and a dynamic funding objective. This implies that the amount of capital raised in the ICO decides the overall price per token. “The focus is now on industrializing what we are doing by being involved in more events with more people where there is scope to drive and monetize engagement levels.”

Needless to say, when it comes to comparing the performance of a DCA strategy in Bitcoin versus literally any other asset, there is little comparison to be made.To diversify or not?Traditional asset managers tend to abide by certain rules, one of them being the idea of rebalancing. When a particular asset outperforms, profits should be taken and distributed elsewhere, according to this line of thinking.It can be considered a form of diversification “on the go,” so to speak. But whether discussing diversifying from the onset of constructing a portfolio or as time goes on, how would such a strategy compare to going all-in on what has so far been considered one of the riskiest, most speculative assets of all time?The answer is simple: Doing so would be “selling the winner to buy the losers,” as investor Michael Saylor has said.On a five-year basis, BTC/USD is up 376%. Compare this to about 55% for the S&P 500 or gold.5-year chart of BTC, SPY and gold. Source: TradingViewTaking profits from Bitcoin at any point in time and putting them into other assets would have decimated a portfolio’s potential. Income from dividends doesn’t compensate, except for those working with multimillion-dollar portfolios. And even then, the potential income would be dwarfed by the capital gains of holding a large Bitcoin position.While the concept of “risk” often implies volatility and potential downside, what about the risk associated with “playing it safe?” Some argue that investors should also be concerned about the potential of their portfolios to barely keep pace with the rate of inflation, which has become a significant risk in recent years.Related: CPI meets low BTC supply — 5 things to know in Bitcoin this weekMacro trends to considerProponents of Bitcoin and the DCA strategy have long since contended that BTC serves as the ultimate hedge against monetary inflation and overall financial market uncertainty.Despite critics’ best efforts aimed at destroying this narrative, it has prevailed.Look no further than the banking collapses of 2023 and Bitcoin’s resulting rally for proof. Furthermore, while the saying “so much for an inflation hedge” became popular in 2022 as BTC fell sharply from its all-time high, that idea strangely seemed to go by the wayside in 2023.YTD chart of BTC/USD. Vertical line indicates the day of the collapse of Silvergate. Source: TradingViewWhen it comes to money printing, there is perhaps no crypto meme more famous than “money printer go brrr.” This meme depicted Federal Reserve Chair Jerome Powell at a printing press spewing freshly minted US dollars.A big reason that meme was so successful was the truth behind it: The growth of the M2 money supply has been highly correlated to the price of BTC/USD since its inception.Ok, two more charts and some thoughts...this time on crypto....Is the accepted narrative of the BTC Halving cycle what drives the BTC cycle (and all crypto) or is it the macro? Im starting to think it's all about the macro This is global M2 YoY vs Crypto market cap #Bitcoin pic.twitter.com/sSB7CaVFdE— Raoul Pal (@RaoulGMI) July 21, 2022 One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 report by the Cyprus Mail, the local Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law. Bybit:Buy & Sell Bitcoin,Ether|Cryptocurrency ExchangeSince the smart contract is still somewhat new in this world, they still face some limitations. Some experts claim that the current limitations faced by these revolutionary technologies are just areas where the smart contract could improve. However, for now, let’s take a look at the current limitations faced by the smart contract: A statement from Volcano Energy chief strategy officer Gerson Martinez highlighted ongoing efforts by El Salvador to secure first-mover advantage as a Bitcoin-adopting nationstate:

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.Have we missed something? Do you have information about new listings and/or delistings? Let us know here._________________________________________ BinanceAdded Trading Pairs:ARB/FDUSDFDUSD/TRYFRONT/TRYLINK/TUSDSUI/FDUSDRemoved Trading Pairs:1INCH/BUSDAERGO/BUSDANKR/BUSDDATA/BUSDDIA/BUSDERN/BUSDIOST/BUSDKP3R/BUSDLOKA/BUSDLRC/BUSDLTO/BUSDMDX/BUSDOM/BUSDPOLYX/BUSDRARE/BUSDSLP/BUSDSUSHI/BUSDTHETA/BUSDYFI/BUSD BitfinexDelistings:Star Atlas (ATLAS)Polis (POLIS) BitForexListings: TYO Night DAO (TYO) BitMartListings: Sparta (SPARTA)Metatrace (TRC)Crypto Tex (CTEX)Doge X ( DOGEX)Safereum (SAFEREUM)Orbs (ORBS)Bitcoin Token (BTK)Open Source Network (OPN) BitrueDelistings: Auto (AUTO)Bank (BANK)BoringDAO (BORING)Cere Network (CERE)Chronicum (CHRO)Collab.Land (COLLAB)Factor DAO (FCTR)Fronk (FRONK)Camelot (GRAIL)Inu (INU)L (L)MagicCraft (MCRT)Mirror Protocol (MIR)My Liquidity Partner (MLP)Pitbull (PIT)Ravendex (RAVE)Saber (SBR)Solabrador (SOLAB)Vagabond (VGO)Æternity (AE)Axelar (AXL)DiamondToken (DIAMOND)EthereumFair (ETHF)SolanaSail Governance Token (GSAIL)HZM Coin (HZM)KubeCoin (KUBE)NAOS Finance (NAOS)Netvrk (NTVRK)Stable One Rocket (SROCKET)Woof (WOOF)XQuake (XQK) ChangellyListings: Frax Finance (FRAX)Coreum (COREUM) ChangeNOWListings: Chiliz (CHZ)Mainnet (CFX) CoinExListings: Banana Gun (BANANA) Crypto.comListings: Fetch.AI (FET)STP (STPT)Fulcrom Finance (FUL)Added Trading Pairs:SHIB/PYUSDBONE/PYUSDLTC/PYUSDBCH/PYUSDATOM/PYUSDXLM/PYUSDALGO/PYUSDADA/PYUSDMATIC/PYUSDDOT/PYUSDLINK/PYUSDMKR/PYUSD Crypto.com InstitutionalAdded Trading Pairs:KDA/USD DigiFinexListings:Semantic Link (SML) FINEXBOXListings: Horsemania Token (HMC)Reaction (RTC) HitBTCAdded Trading Pairs: ERN/USDTAST/USDTTRB/USDTDF/USDTSDAO/USDT LBankListings: Immobilium (IMB)SourceLess (STR)Black Whale (XXX)Bad Idea AI (BAD)Public violet Foundation yield bearing object (PVFYBO)NuNet (NTX)Fishing Tuna (TUNA)Modex (MODEX)Safereum.io (SAFEREUM)World Friendship Cash (WFCA)ALL.ART (AART) MEXC Listings: Floyx.com (FLOYX)Vyvo Coin (VSC)mCoin (MCOIN)Emartzon (EMZ)PepeGod (PEPEGOD)CyberAI (CYBERAI)Day of Defeat 2.0 (DOD)HEME (HEME)Cyber Arena (CAT)iWellTrack Pro (IWELL)Jencoin (JEN)Hinoki Protocol (HNK)LieFlat (LIEFLAT)Ommniverse AI (OMMI)Open Source Network (OPN)STP (STPT)HPOP8i (XRP8)Smile AI (SMILE) OKXRemoved Trading Pairs:KOL/USDTGM/USDTSRM/USDTSRM/USDCUMEE/USDTVALUE/USDTMITH/USDTJFI/USDTSOS/USDT PoloniexListings: Possible On Solana (OPOS) ProBitListings: HXAcoin (HXA)Dexagon (DXC) P2B Crypto ExchangeListings: SDFA + DPP (SDFA) VinDaxListings: The Sandbox (SAND)The Secret Coin (TSC) WazirXListings: Metal DAO (MTL)Storj (STORJ)Perpetual Protocol (PERP) XTListings: Kaspa (KAS)MoonPay Unveils Cryptocurrency Swapping Feature in Its App – Here's the Latest What do you think about introducing the digital yuan interconnection feature during the 19th Asian Games? Tell us in the comments section below.Bank of Canada Study: CBDC Can Help Overcome Inclusion Issues Decentralized Exchange (DEX) Volumes Sink to Long-Term LowsThe development of quantum computing may render existing encryption techniques obsolete, necessitating the creation of quantum-resistant algorithms. To maintain the security and finality of transactions in the face of quantum threats, blockchain networks are actively investigating quantum-resistant cryptographic solutions. A tokenized loan worth $20 million soured in a lending pool on decentralized lending platform Goldfinch after borrower Stratos’ bets on a real-estate tech company and digital asset investments “has not performed as expected,” pool manager Warbler Labs said Saturday in a protocol governance forum post.

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