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Though Bitcoin has failed to hit some of the loftier December price targets earlier this year, Cathie Wood remains bullish on the asset long-term. She recently reaffirmed her $500k price prediction from months ago, so long as institutions continue to diversify into it. Despite a volatile spot price, institutional adoption has steadily grown throughout 2021. Staying Bullish On Bitcoin YESTERDAY MORNING, the ARK Invest CEO gave her price forecast with CNBC’s Squawk Box. When asked whether she thought the crypto…

The Nigerian central bank remains hostile to anything crypto besides a CBDC. Still, one high-level minister is defending the industry. Clem Agba, minister of state for budget and national planning, is calling for more precise and more welcoming regulation of the space. Like the United States, Nigeria struggles to classify crypto assets using existing financial terms correctly. Fighting For Crypto In Nigeria Minister Agba spoke about regulating the industry at a conference this Thursday, as reported by Bloomberg. He said…

US inflation numbers for November are out, and they’re looking bullish for long-term Bitcoin HODLers. According to Labor Department data, The Consumer Price Index (CPI) has risen by 6.8% from November 2020 to 2021. As with last month, Bitcoin’s price briefly jumped on the news before quickly descending back below $48k. Prices Keep Rising The US Bureau of Labor Statistics released November’s CPI data at 8:30 am EST this morning. The report indicated a 0.8% increase on last month’s already…

SolidProof, a German-based blockchain auditing company, has finalized the development of its auto audit tool and plans to launch the solution soon. Dubbed the SolidProof Automated Auto Tool (SAAT), the product is designed to streamline and speed up the entire smart contract auditing process.  Retail and institutional adoption of decentralized finance (DeFi) is growing stunningly. However, rampant hacks, scams, and other security breaches targeting DeFi protocols threaten to derail the success of the budding sector. SAAT aims to help blockchain…

Multinational corporations have been trying to be "cool" since forever. One of the ways they try to do it is by adapting to new trends or even copying their jargon. However, they rarely pull it off. Instead, they usually alienate the users they are trying to appeal to. That's what is happening with Pepsi, which tried to jump on the latest trend - NFTs. Of course, right now, all the cool people are into NFTs. That's why celebrities and giant…

Since Bitcoin took off late last year, word of either cryptocurrency, blockchain or NFTs has permeated almost every conceivable industry. But, of course, some groups show greater interest in the space than others.  Some market participants – while exciting – aren’t exactly surprising. Elon Musk, Michael Saylor, and Jack Dorsey – all Bitcoin lovers and billionaires – are tech nerds running tech companies. One would expect them to be the first to grapple with an industry at the forefront of…

It looks like Meta is bringing the world of crypto to social media apps beyond just Facebook. The company recently announced that Novi – its native digital currency wallet – has been integrated into WhatsApp's messaging service. This comes shortly after David Marcus, head of Novi, announced plans to leave the project at the end of the month. Crypto Payments Through WhatsApp Stephane Kasriel – incoming head of Novi – revealed the wallet’s WhatsApp compatibility in a tweet on Wednesday.…

Bitcoin has seen a significant strengthening of its mining network in recent months. The network's hash rate has almost completely recovered from China's crackdown on mining. The hash rate is a measure of the total computational power that contributes to mining Bitcoin. A hash is a fixed-length alphanumeric code that miners have to solve to process BTC transactions. We measure the hash rate in exahashes (1 quintillion hashes) per second (EH/s). The hash rate is also a rough measure of…

Visa understands where the financial payments of the future are heading. Furthermore, it does not hesitate to inform its clients about it. For example, the payment giant is launching crypto consulting and advisory services to help clients navigate the novel crypto world. This shortly follows the launch of another Visa initiative to familiarize artists with NFTs. Crypto Consultation With Visa The advisory practice will be housed in Visa’s consulting and analytics division, as reported by CNBC. It will provide retailers,…