Top crypto traders to follow
Bitcoin, the best-known cryptocurrency, hit the industry during the economic turmoil. Earlier on, controversies encircled the crypto sector. Many people remained skeptical about digital currencies due to various factors such as security protocols or fear of losing crypto assets to hackers. These concerns were weighty back in
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Content:
- Top 5 Bitcoin Investors
- 10 Best Crypto Exchanges & Platforms of January 2022
- Top 20 Crypto Traders To Follow on Twitter in 2021
- The Top Crypto Twitter Accounts To Follow In 2021 [Updated]
- Meet India’s crypto investors
- Keep up to date with Liquid
- Best Crypto Social Trading Platforms (2022)
- Reddit Crypto Traders Try Their Luck Before Big Players Invade
Top 5 Bitcoin Investors
Williams, who is now based in Ghana, was told to visit the bank branch in Nigeria where he had opened the account if he wanted to retrieve his funds. Six days early, the CBN had indeed instructed banks to close the accounts of listed individuals who had allegedly traded cryptocurrency in contravention of a 5 February directive. Curiously, however, that directive had not placed any new ban on cryptocurrencies. It was quite a leap to go from that guidance to ordering banks shut down individual accounts.
Yet some banks not only complied with the CBN but took its cue further. FCMB, for instance, instructed its nationwide network of branches to flag any bank accounts of year-old customers with a high volume of transactions.
Some people use cryptocurrency for day-to-day transactions through apps like Lazerpay or to purchase foreign imports of clothes and electronics. Yet the same is true of the US dollar. The CBN warned Nigerians against using foreign currencies as a medium of exchange in , but it has never gone as far as to shut down bank accounts.
Besides, the CBN could ban the use of cryptocurrency as legal tender without preventing people from trading in it completely. For the most part, however, cryptocurrency is not used as a medium of exchange at all. It is more often bought as an investment and a way to hedge against the unstable Naira.
Other reasons the CBN has given for wanting to clamp down on cryptocurrencies include their anonymity. Some other concerns cited by the CBN are the volatility of cryptocurrencies, their lack of intrinsic value and susceptibility to a price crash. The bank insists its ban is aimed at protecting the financial system and citizens from the risks of trading in speculative, anonymous, and untraceable goods. The CBN cannot stop citizens from investing in cryptocurrency, merely because of its volatility or anonymity.
That is why it is targeting traders. For a generation of Nigerians, cryptocurrencies have provided new hope in a country where average incomes have been declining for six years straight and the Naira continues to lose value. The country was third highest in the world for the value of Bitcoin traded. This has caused fear among the crypto community. In the past month, various hashtags — ranging from NigeriaCryptoDay to BoycottFCMB — have popped up on social media as Nigerian traders brainstorm on how to bypass this new hurdle.
Some have suggested using bitcoin vouchers which are like pre-paid gift cards that can be redeemed at a later date or informal P2P forums. Others have called on traders to leave the formal banking system altogether and use apps like AbitPay to pay for goods and services exclusively using cryptocurrencies, thus removing the need to convert between Naira and digital coins.
Some Nigerians have already begun moving away from formal banks by using their savings to buy stablecoins , which are tethered to the value of assets such as the US dollar or gold. Crypto traders may also find that the law is on their side. Nigerian youths are known for their resilience in the face of hostile policies and unfriendly law enforcement. Ese Atakpu is a finance lawyer, writer and blockchain enthusiast in Nigeria.
African Arguments. Elections Map. Climate crisis. Economy Nigeria Top story. Next Article The good, the bad and the alarming Ese Atakpu Ese Atakpu is a finance lawyer, writer and blockchain enthusiast in Nigeria.
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10 Best Crypto Exchanges & Platforms of January 2022
The Floor has been reached and on the uptrend at this present moment. Looking forward to retracing it's previous path of highs. This is also aligning with the daily MA. Entering a long there with a tight stop is a good setup. Hello traders, Just wanted to pop in with a quick update. If we
Top 20 Crypto Traders To Follow on Twitter in 2021
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. The emergence of cryptocurrency came with probably one of the most exciting financial markets, the volatility of this market entices traders with huge gains and lots of winning opportunities. Cryptocurrencies use the most advanced technologies to conduct worldwide transactions and bookkeeping in the blockchain, which opens the appetite for tech developers to create sophisticated platforms where traders can conduct crypto trading. Due to the high volatility of the crypto market, only experienced traders were initially able to handle the speculations surrounding these types of currencies , as everyone else stood skeptical about how this market will evolve. However, with the increased tendency by all traders to get involved in this market, automated trading mechanisms were needed, to make sure that beginner traders also get a piece of the cake. Paving the way for many new companies and startups to build automated trading websites and platforms, to facilitate crypto trading for all traders alike, in this guide, we will be looking at the best 3 startups in automated crypto trading. Bitsgap is one of the best bitcoin bots that help traders become profitable while trading cryptocurrencies, despite the level of their expertise in this field.
The Top Crypto Twitter Accounts To Follow In 2021 [Updated]
I cover the latest events in Bitcoin, Ethereum, Ripple, Litecoin, and various other projects in the crypto space. This channel is all about cryptocurrencies and the blockchain technology. UK Join me on this crazy cryptocurrency adventure! In this channel, we'll discuss cryptocurrencies e. Bitcoin, Ethereum and discuss the latest trends.
Meet India’s crypto investors
T he cryptocurrency market has experienced enormous growth over the past decade, and it is set to expand to new heights in There are thousands of options for crypto investors, and here we look at five of the leading cryptocurrencies to invest this year for short-term investments. Bitcoin was launched back in , and fast-forward to , it remains the largest cryptocurrency by some distance, with its price movement still having a significant impact on the rest of the market. It goes without saying that this is one of the best cryptocurrencies, and it is set to hit new heights over the year ahead. Ethereum is another extremely well-known cryptocurrency, and as it stands, it is the second-largest digital currency in terms of market value.
Keep up to date with Liquid
Williams, who is now based in Ghana, was told to visit the bank branch in Nigeria where he had opened the account if he wanted to retrieve his funds. Six days early, the CBN had indeed instructed banks to close the accounts of listed individuals who had allegedly traded cryptocurrency in contravention of a 5 February directive. Curiously, however, that directive had not placed any new ban on cryptocurrencies. It was quite a leap to go from that guidance to ordering banks shut down individual accounts. Yet some banks not only complied with the CBN but took its cue further. FCMB, for instance, instructed its nationwide network of branches to flag any bank accounts of year-old customers with a high volume of transactions.
Best Crypto Social Trading Platforms (2022)
Learn all about the features, pricing, and the pros and cons of the best financial products and services on the market. Explaining complex financial terms in a way that the average Joe and Jane can understand. Advertiser Disclosure: Fortunly. How and where the offers appear on the site can vary according to the partnership terms.
Reddit Crypto Traders Try Their Luck Before Big Players Invade
PDAX is the Philippine's homegrown cryptocurrency exchange that empowers Filipinos to trade cryptocurrencies backed with dedicated local support. PDAX boasts deep liquidity that enables you to buy and sell your digital assets quickly and easily at the most competitive rates in the Philippines. Execute trading strategies seamlessly using responsive, user-friendly trading features perfect for beginners and pros. No need to convert your fiat into USDT before trading. Buy crypto at cheaper rates without worrying about conversion fees and fluctuating spreads. Or vice versa.
While other crypto exchanges and brokers charge trading fees as high as 2. Plus, there are no added spreads, markups, or custody fees. Powerful, award-winning trading platforms and tools for managing your portfolio. Available on desktop, mobile, and web. Use a full suite of professional trading tools to help make better decisions and manage your portfolio. Spot market opportunities with Advanced Market Scanners and analyze your portfolio with Risk Navigator. Align your investments with what you care about most.
One of the best places to kickstart your crypto investing career is a social trading platform which allows you to invest in cryptocurrencies. In this article, we review some of the best crypto social trading platforms in the market. Do you
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