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Author: Muhaimin Olowoporoku

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Cryptocurrency Trading

Fox Entertainment releases $100M for creation of NFT Studio

TL;DR Breakdown Fox Entertainment releases $100M for the creation of NFT Studio Porsche enters NFT space Fox Entertainment has released a $100 million creative fund for the creation of its non-fungible token (NFT) studio. Last month, Fox Entertainment had announced the launch of Blockchain creative Labs, a marketplace that would deal in digital goods, including […]

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Uncategorized

El Salvador to pay civil servants salaries in Bitcoin

TL;DR Breakdown El Salvador to discuss paying salaries in Bitcoin Why country should not pay in BTC After making history as the first country in the world to make Bitcoin a legal tender, El Salvador is discussing whether companies should pay salaries in Bitcoin. This is according to local sources in the country. Local radio […]

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Bitcoin Industry

Bitcoin analyst explains why BTC will hit $250,000 before 2022

TL;DR Breakdown Tim Draper says BTC will hit $250,000 Draper explains why BTC will hit $250,000 Venture capitalist and Bitcoin analyst, Tim Draper has reiterated that by 2022, Bitcoin would trade at $250,000. “I think I’m going to be right on this one,” Draper tells CNBC Make It during an interview. The Bitcoin analyst predicted […]

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cryptomarket

Investors more bullish on crypto now than ever

TL;DR Breakdown More investors feel bullish on crypto Survey reveals SEC would approve Bitcoin ETF Amidst the recent crisis the crypto market is reeling out from, investors are still bullish on crypto a recent survey reveals. The survey, carried out by Voyager Digital, a cryptocurrency firm reveals that investors are more bullish on crypto now […]

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Ransomware

G7 to take action on recurring crypto ransomware attacks

TL;DR Breakdown G7 to fight crypto-ransomware attacks Revenue made from ransomware attacks The G7 are already resolving to make a commitment towards fighting against ransomware attacks which shuts people out of network until they pay a ransom to get access back. Per a Press Release from the White House, the recent rise in attacks like […]

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cryptomarket

Positives, Negatives of Elon Musk crypto tweets

TL;DR Breakdown Musk’s influence on crypto prices When Musk started tweeting crypto Positives, negatives of Musk crypto tweet The influence of the second world richest man, Elon Musk in the crypto space can no longer be underplayed especially as his crypto tweet goes a long way in determining the prices of these digital assets from […]

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Coinbase

Coinbase to set up office in New York

TL;DR Breakdown Coinbase set to move to New York Firm says it has no headquarters like Binance Number one American crypto exchange firm, Coinbase is quietly setting up an office in New York. The firm has subleased 30,000 square feet from Steven Cohen’s investment firm Point72 at Related Companies’ 55 Hudson Yards in New York, […]

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Industry News

Why crypto prices have to stop responding to Elon Musk action

TL;DR Breakdown Tom Lee says crypto market needs to evolve to stop reacting to Musk tweets Musk tweets and crypto prices Thomas Lee, managing partner at Fundrat and popular financial analyst has said that the crypto market need to evolve further to stop fluctuating hard after comments from powerful individuals like Elon Musk. He said […]

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Industry News

Bank of Tanzania to explore digital assets

TL;DR Breakdown Bank of Tanzania to explore digital assets Other Central Banks exploring cryptocurrency The cryptocurrency industry continues to grow as more financial institutions, global organizations and government-controlled Central Banks including the Bank of Tanzania are showing interest in the project. In an interesting development, Samia Suluhu Hassan, Tanzania’s president has taken interest in digital […]

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cryptomarket

SEC hints that crypto regulation not a priority

TL;DR Breakdown SEC silent on crypto regulation in regulatory agenda Gensler’s previous stance on crypto regulation The Security and Exchange Commission (SEC) has left out Bitcoin and crypto regulation in the list of its regulatory agenda for the spring which they released recently. This is in the wake of comments made by the chairman of […]

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