Crypto News

Finder Survey: Nigeria's 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally
According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%.

Spellfire creates 100 rare NFT cards to sell on OpenSea
The first limited edition of Spellfire NFT cards has already reached the shelves of OpenSea. Spellfire NFTs have a unique mix of capabilities and cannot be compared to anything else on the market.

The issue with stablecoins and CBDCs in emerging markets and developing countries
People from emerging economies have been opting for crypto, to hedge against the traditional markets. However, many countries have not been supportive of private cryptos and are instead looking at stablecoins or central bank digital currencies [CBDCs].

SEC targeting ‘legitimized crypto institutions’ for ‘publicity,’ Terraform CEO retorts
In an unprecedented move, major cryptocurrency company, Terraform Labs and its co-founder Do Kwon sued the SEC as per recent court filings. The co-founder was issued with a subpoena by the U.S. Securities and Exchange Commission (SEC) during a blockchain event last month.

Dogecoin Loses Circulation ! When Will DOGE Price Buck Up ?
Despite several of the top ten coins’ recent corrections, the cryptocurrency market continues to rise, with the majority of assets trading in the green.

Dogecoin Accounts for 40% of Robinhood's Crypto Transaction Revenue in Q3
Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter. By comparison, dogecoin accounted for 62% of the company’s transaction-based revenue in the second quarter.

Celebrities are embracing NFTs in a big way
The nonfungible token (NFT) market is growing. According to a new report by analytics platform DappRadar, NFT trade volume soared past $10 billion during the third quarter of 2021, a sevenfold increase from the previous quarter’s figure. Although a significant slice of that action comes from runaway hits like NBA Top Shot, CryptoPunks and gaming platform Axie Infinity, NFT use cases are rapidly proliferating as creators recognize their potential.

While Ethereum Prices Skyrocket, Ether Gas Fees Surge Fueling Costly Transfers
On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly.