Market updates

Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months

Coins Legend April 12, 2022 0

According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in the past six months. The report attributes the growing adoption of cryptocurrencies to rising inflation and the plunging value of the

Market updates

Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments

Coins Legend April 12, 2022 0

An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from going mainstream. Crypto as Currency According to the findings of a study by

Market updates

Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data

Coins Legend April 12, 2022 0

Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing. Bitcoin BTC dropped below its key level of […]

Market updates

Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex

Coins Legend April 12, 2022 0

The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s top currencies. Violators Face Possible Prison Time The Ghanaian central bank has […]

Market updates

Biggest Movers: RUNE and THETA Fall by Over 10% on Monday

Coins Legend April 11, 2022 0

THETA and RUNE are trading over 10% lower to start the week, as recent declines in the crypto market extended during Monday’s session. As of writing, the global cryptocurrency market cap is down nearly 5%. THORChain (RUNE) In addition to BTC and ETH, RUNE also fell to a three-week low to start the week, as […]

Market updates

Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows

Coins Legend April 11, 2022 0

Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%. Bitcoin Bitcoin extended its recent decline on Monday, as prices […]

Market updates

Average Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise

Coins Legend April 3, 2022 0

While Ethereum network fees to transfer data dropped significantly in recent times, tapping a low of $5.98 per transaction in mid-March, gas fees are rising once again on the second-largest cryptocurrency network in terms of market valuation. On Sunday, April 3, the average transaction network fee is around 0.0056 ether or $19.58 per transfer. Ethereum […]

Finance Market updates

Defiance CEO ‘Completely Bullish on Bitcoin’ — Says It’s ‘a Good Time to Get in’

Coins Legend April 3, 2022 0

The head of Defiance ETFs says she is “completely bullish on bitcoin.” Noting that it is a “good time” to get into the cryptocurrency, she explained why she believes the price of bitcoin will reach $100K. CEO of Defiance ETFs Bullish on Bitcoin Sylvia Jablonski, chief executive officer, chief investment officer, and co-founder of Defiance […]

Market updates

Bitcoin, Ethereum Technical Analysis: ETH Climbs to $3,500 to Start the Weekend

Coins Legend April 2, 2022 0

ETH rose to its highest level since the start of January to begin the weekend, as prices rose following yesterday’s consolidation. BTC also rallied, however remains below this week’s high of over $48,000. Bitcoin Although BTC started the weekend trading below this week’s high of $48,278, bulls looked to recapture this level, by moving away […]

Market updates

Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%

Coins Legend April 2, 2022 0

A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested that an increase of 10% in the crypto market cap causes the market value of “African micro-entities” to drop by 0.76%. Crypto Market Growth Hurts Less Competitive Sectors According to the findings of a study undertaken by Mina Sami and […]