Today marks the expiration of $3.12 billion worth of Bitcoin (BTC) and Ethereum (ETH) options, which might have an effect on market patterns. Market observers are eager to see if the expiry of Bitcoin’s theoretical value of more than $1 billion would affect the price, as it is still below the $100,000 barrier. Deribit data indicates that there are 26,251 Bitcoin options that are about to expire, with a notional value of $2.56 billion. With a put-to-call ratio of 0.57, buy options (calls) are more common than sell options (puts). For these options, the price at which the largest number of holders will experience financial losses is $99,500, which is the ...

The Dangote Petroleum Refinery has lowered the ex-depot price of Premium Motor Spirit (PMS), also called petrol, from ₦950 to ₦890. On Saturday, the company announced that the price reduction will begin on Saturday, February 1, 2025. “This strategic adjustment ...

Institutional interest in digital assets grows as spot Bitcoin ETFs gain approval and market dynamics shift.Key Takeaways The approval of spot Bitcoin ETFs is facilitating regulated institutional investment in digital assets. Bitcoin reached $100,000 for the first time, increasing its ...

Nigeria’s economy grew 3.46% year on year in the third quarter of 2024, quicker than in the first two quarters of this year, statistics agency data showed on Monday. Despite the pickup in economic growth, from 3.19% in the second ...

Bitcoin has surpassed silver in market cap but is still just 1/5 the size of natural gas. The goal is to be the GOAT. No 1.

Ghana’s national postal service has taken the silver jubilee of its king’s coronation to a new level by creating crypto stamps linked to unique nonfungible tokens (NFT) that are verifiable over the blockchain. This move will enshrine the memory of ...

For some, this is something Bullish. For others, this may pose a major risk for the Bitcoin revolution, because so many BTC will no longer be usable in P2P for everyday payments. Regardless, this figure should be put into perspective ...

Zenith Bank Plc has denied reports that its Managing Director, Ebenezer Onyeagwu was arrested by the Economic and Financial Crimes Commission (EFCC). In accordance with a record issued by the lender, it noted that the reports of the arrest were ...

The Central Bank of Nigeria (CBN) has officially dissolved the Board and Management of three prominent banks — Union Bank, Keystone Bank, and Polaris Bank. The press release dated January 10, 2024, indicates that action was due to the banks’non-compliance with critical regulatory ...

The price of Bitcoin (BTC) hit $40,000 on Sunday for the first time in 18 months, while Ethereum (ETH) rose past $2,200 amid a broader – if subdued – rally in the crypto markets.Bitcoin’s price had been toying with the ...