KuCoin halts Nigerian naira support amid regulatory pressure. Central Bank blames crypto for naira devaluation. Exchanges follow suit. Pending P2P ban raises concerns. Lack of clarity hampers crypto industry.
Xu LinNigeria tightens crypto regulations to combat financial crimes, blocking access to major exchanges like Binance and Coinbase. Users face hurdles in purchasing dollars, prompting concerns over the efficacy of the crackdown.
WeatherlyLayoffs continue in the crypto sphere despite increasing BTC prices as Bittrex and Chainalysis lays off 83 and 44 employees, respectively.
CryptoSlateThe decentralized exchange holds over $390 million in locked tokens as of Tuesday.
CoindeskBTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000.
CointelegraphBTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap.
CointelegraphThe Fed keeps markets on their toes while Bitcoin price action manages to inch higher prior to the Wall Street open.
CointelegraphUnited States stock markets provide the backdrop for reversal in Bitcoin as $30,000 manages to hold.
Cointelegraphearn it
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