Day: December 23, 2023

The Evolution of Crypto Investment: Derivatives Take Center Stage in 2024

Embracing Complexity: Crypto Derivatives Market Forecast for Robust Growth 2024 marks a pivotal year as investors diversify into sophisticated financial instruments. The crypto derivatives market is poised for exponential growth, with exotic options, structured products, and collateralized debt obligations (CDOs) becoming increasingly sought-after. Historically, the crypto sector has mirrored its traditional counterpart, progressing from the […]

Solana Nears $100 as Meme Coin Frenzy Fuels Rally

Solana (SOL) is approaching the $100 mark, driven by a sustained meme coin craze and its efficient blockchain capabilities. The rally, now in its third week, has seen the value locked in Solana applications skyrocket to $1.3 billion, a significant leap from the $400 million recorded in November and matching the highs of July 2022. […]

Nigeria’s Central Bank Reverses Crypto Ban Amid Regulatory Developments

The Central Bank of Nigeria (CBN) has overturned its previous ban on cryptocurrency transactions. This shift comes as a response to the evolving global financial landscape and the growing need to regulate virtual asset service providers (VASPs), including cryptocurrencies and crypto assets. Previously, in February 2021, the CBN had prohibited banks and financial institutions from […]

Circle’s Expansion to France: A Strategic Move for EU Compliance

Circle, a leading stablecoin issuer, has recently announced its conditional registration under France’s cryptocurrency laws. This move is particularly momentous as it aligns Circle with the forthcoming Markets in Crypto-Assets (MiCA) regime of the European Union. Circle’s choice of France as its European regulatory hub is strategic. France is known for its clear and innovation-friendly […]

Global securities body report isn’t a death knell for DeFi

The recent report by the International Organization of Securities Commissions (IOSCO) has stirred discussions in the decentralized finance (DeFi) community, with concerns about its potential impact on the future of DeFi. However, as Apollo Crypto’s analyst Matthew Harcourt suggests, the report’s recommendations may not pose an “existential risk” to DeFi, despite introducing more stringent regulations. […]