Recently, crypto exchange KuCoin announced that it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users. This decision, set to take effect on July 8, has raised eyebrows in the industry. The introduction of this VAT could have significant implications for Nigerian users of KuCoin. The 7.5% tax on trading
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Growing up in Edo State, Nigeria, surrounded by supportive parents, siblings, and mentors, I have always been driven to explore new opportunities and strive for excellence. Three years ago, I was introduced to the world of cryptocurrency, and since then, my journey in this field has been both challenging and rewarding. The spark that ignited
Tom Lee, the head of research at Fundstrat, has once again reiterated his prediction that Bitcoin will skyrocket to $150,000. He remains optimistic about the future of the pioneer cryptocurrency, despite recent bearish trends. Lee believes that Bitcoin’s bullish outlook will prevail in the coming years, leading to new all-time highs by 2024. Reasons for
Aayush Jindal, a prominent figure in the financial markets, boasts an impressive track record of over 15 years in Forex and cryptocurrency trading. His journey towards becoming a renowned expert in the industry began at a young age, where he demonstrated a natural talent for deciphering complicated systems and identifying patterns within them. This innate
Aayush Jindal, a prominent figure in the financial markets, has honed his expertise over 15 years in Forex and cryptocurrency trading. From a young age, Aayush displayed a natural aptitude for unraveling complex systems and patterns. This initial curiosity led him on a path to becoming a trusted advisor and senior market expert, guiding investors
Bitcoin’s price recently faced a hurdle while trying to surpass the $63,650 resistance zone, leading to a correction in its value. The cryptocurrency is currently retracing its gains and eyeing a potential revisit to the $60,850 support level. This downward correction comes after a failed attempt at breaking above key resistance levels. The price of
Galaxy Digital CEO Mike Novogratz has expressed optimism regarding the future regulatory environment for cryptocurrencies in the United States. According to Novogratz, regardless of the outcome of the 2024 presidential election, positive crypto legislation is inevitable. He emphasized the importance of bipartisan support for the crypto sector, noting that most politicians in the US are
Recent on-chain data indicates that the selling pressure from Bitcoin miners has slowed down significantly in the past few weeks. This decline in selling pressure could potentially have a positive impact on Bitcoin’s price as we enter the third quarter of the year. According to Crypto Dan, a crypto analyst who referenced data from the
The Monetary Authority of Singapore (MAS) recently made significant updates to its Counter-Terrorism regulations, particularly concerning Digital Payment Token (DPT) service providers. In response to the country’s Terrorism Financing National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism, MAS raised the risk level of DPTs from medium-low to medium-high. This adjustment
Recently, Binance.US, the American branch of the global cryptocurrency exchange Binance, faced a setback in its legal battle with the Securities and Exchange Commission (SEC). Despite its efforts to dismiss the SEC’s allegations, the US District Court ruled in favor of the SEC, allowing the case to move forward. This decision came after the Court
