Bitcoin News and Finance: What You Need to Know

According to an analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for the term “trade crypto.” Regulators and consumer protection agencies must “provide greater safeguards against predatory practices,” according to a spokesperson for Leverage Trading. Leveraged Trading and the Risks Nigeria had the second-highest score (94) globally for searches related to crypto leverage in the past five years, the latest analysis of Google searches conducted by Leverage Trading has shown. According to the analysis, Singapore (100) is the only country that outscored the West African nation when it came to searches “with an emphasis on transactional searches such as ‘how to leverage trade crypto.'” On the other hand, the analysis shows that Nigeria, along with South Africa and Ghana, dominate Google searches for the term ...

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian exchange, Kuna, have announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both trading platforms confirmed about the problems with such transactions. The limited processing of deposits and withdrawals in the national currency results from restrictions imposed by the National Bank of Ukraine (NBU), representatives of Binance told the crypto news outlet Forklog. The exchange has advised traders to use its peer-to-peer marketplace. “Currently, fiat channels, namely input and withdrawal through a bank card and other payment services, are temporarily suspended among crypt...

Xrp rebounded from a two-month low to start the weekend, as prices moved back above a key support point. The token, which fell to its lowest point since January on Friday, rose by as much as 2% on Saturday. Cardano also recovered yesterday’s losses. XRP XRP rose higher to start the weekend, as the token formerly known as ripple rebounded from a two-month low. XRP /USD jumped to an intraday high of $0.3795 earlier in the day, which comes after bottoming out at $0.3664 on Friday. Yesterday’s drop saw XRP fall to its weakest point since January 11, when prices were at a low of $0.3477. Looking at the chart, Saturday’s recovery has sent the token back above a long-term floor at $0.3720, which was broken yesterday. Overall, the rebound appears to have taken place as the relative strength index (RSI) bounced from a floor at 43.00 At the time of writing, the index is tracking at 43.48, with the next visible ceiling at the 45.00 mark. Cardano ( ADA ) In addition to XRP , cardano ( ...

Bitcoin consolidated recent losses on March 4, as cryptocurrency markets marginally stabilized from Friday’s sell-off. Prices plunged to a two-week low in yesterday’s session, however sentiment has somewhat shifted. Ethereum also recovered, moving back into the green to start the weekend. Bitcoin Bitcoin ( BTC ) consolidated Friday’s losses to start the weekend, as market volatility eased in today’s session. Following yesterday’s low of $22,213.24, BTC /USD rose to an intraday high of $22,444.19 earlier in the day. The move sees bitcoin move back above a long-term support point at $22,300, following Friday’s breakout. Additionally, the 14-day relative strength index (RSI) has also appeared to have found a floor, which has helped ease the decline in price strength. At the time of writing, the index is tracking at 42.89, which is marginally above the support point at 42.00 One area of concern for aspiring bulls is the imminent downward crossover of the 10-day (red) and 25-day (bl...

A group of countries in Latam is preparing a regional agreement to address inflation, a problem common to most nations in the region. The initiative, which is being spearheaded by Mexican president Andres Lopez Obrador, would allow the exchange of products with high prices between the states to lessen the effects of price rises. Latam Countries to Fight Together Against Inflation A group of Latam countries is banding together to organize a joint response against one of the biggest problems the region is fighting right now: inflation. Argentina, Brazil, Colombia, Cuba, and Mexico are preparing to sign an agreement to counter inflation, said Alberto Fernandez, the president of Argentina, in an interview with Ambito, an Argentine media outlet. Fernandez stated the initiative was proposed by Mexican President Andres Lopez Obrador, who had called him to inquire about different initiatives to curb the effects of rising prices in the economy of the region. There have already been talks a...

The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players. Bitcoin and ethereum continue to account for the lion’s share of the digital assets under management. Highest AUM Since May The total U.S. dollar value of digital assets under management (AUM) in February rose to $28.3 billion up from approximately $26.8 billion recorded in January, the latest Cryptocompare data has shown. The latest total makes this the “highest AUM recorded since May 2022,” the report added. According to a report released by Cryptocompare, a digital asset data provider, the latest AUM increase “signalled the bullish sentiment of investors and the increased appetite for digital assets.” The increase in the investor’s ...