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Nigeria’s new crypto tax policies may not drive the revenue it needs

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As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.

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Coin Market

Bitcoin’s surge to $77K pressures shorts, but absent spot and long leverage caps rallies

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Bitcoin bulls took another swing at the $77,000 resistance, but profit-taking and traders’ reluctance to increase margin and spot longs limit the strength of each breakout.

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Coin Market

Repeated Bitcoin profit taking near $77K suggests rally is losing steam

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Short-term traders took profit each time BTC rallied above $77,000, creating overhead sell pressure that has capped BTC’s ability to reach $80,000.

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Coin Market

US Senate bans itself from betting on prediction markets

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The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House.

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