Bitcoin Investors Have Become Less Fearful After the May Crash

Since the price of BTC crashed by 60%, from $50,000 to $30,000, the general sentiment in investors has come down to neutral levels. In addition, The Fear and Greed index has returned to a less fearful state. The Fear and Greed index is a popular tracking website that calculates multiple data kinds, such as volume, social media, surveys, and volatility. It thereby gives the general feelings of investors in the current landscape of the BTC market. Normalized Sentiments The price…

Nigeria’s Central Bank Bans Banks From Serving Crypto Traders and Exchanges

A few months after news of an upcoming regulatory framework for cryptocurrencies in Nigeria, crypto traders in the country have been faced with shocking news from the Central Bank of Nigeria (CBN). The apex bank has ordered financial institutions in Nigeria to stop offering banking services to crypto exchanges and other related businesses.  In a circular issued by the CBN on Friday, February 5th, 2021, the regulator demanded that all Deposit Money Banks(DMBs), Non-Financial Institutions (NBFIs), and Other Financial Institutions…

Tradeliz Unveils Crypto Social Network with Real Trading Statistics

On Feb 5, 2020, Tradellze, a decentralized crypto traders' network, announced its trading terminal's rebranding into a social ecosystem backed by real trading statistics. The Tradelize platform makes trading crypto straightforward for professionals while allowing newbies to view, study and copy top traders' strategies in real-time. The product introduces a unique social network that opens digital asset trading to both pros and novice traders. This latest rebranding effort enables private investors to verify stats and statements made by pro crypto…

South African Crypto Traders Risks Two Years In Prison For Tax Evasion 

South Africa's tax authority, the South African Revenue Service (SARS), has recently requested that every taxpayer in the country send it an audit of their cryptocurrency purchases and trades. According to a Tax Consulting South Africa report, a South African firm offering tax advice, consulting, and compliance services, the company said that it had been approached by many taxpayers who had received the audit request. SARS had requested basic information regarding each taxpayer's returns in addition to the reason for…

The Best Cryptocurrency Exchanges for Newbie Traders

Finding the best cryptocurrency exchanges for newbie traders can seem like a daunting task. For one, as a new user, it’s hard even to know where to begin. There are literally dozens of popular crypto exchanges at this time. Each exchange has its own features, and many serve niche markets. Rather than wade through the masses, until you find an exchange you like, some top platforms have earned a reputation as a wise starting point for newbie traders.  KuCoin KuCoin…

Traders Lose $805 million Following Bitcoin Flash Crash

Bitcoin’s rise in the past few weeks has been an exciting ride for traders and investors who have been able to rack in profits. However, the recent developments in the last 24 hours show the thin line between profits and losses. $805 million Liquidated Bitcoin made quick gains in the early hours of the day, surging past the $18,000 barrier to set a new yearly high of $18,472.  Soon after achieving this milestone, Bitcoin suffered a flash crash within minutes,…

Bitfinex Launches Shimmer, Its Own Trade Surveillance System

Bitfinex, a major digital currency exchange, announced on Tuesday the deployment of Shimmer, a proprietary surveillance tool to combat market abuse on the crypto trading and promote orderly trading. Bitfinex is a popular crypto trading platform for integrating the latest innovative tech to deliver high-performance trading solutions to its users. Paolo Ardoino, CTO at Bitfinex, said on Twitter that Bitfinex has chosen to develop its state-of-the-art surveillance system to meet the complex demand of an evolving digital asset class and…

The Difference between Investors and Traders in the Crypto Market

Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing with the difference is crucial and will save you from massive loss. The worst thing you could do when entering crypto markets is being an investor who thinks like a trader, or vice versa.  People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolio, or buy and sell cryptocurrencies to profit from short-term price movements.…