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2022-04-13 00:51:49 35% of Nigeria’s population are crypto investors, new study reveals

Specifically, the latest report by KuCoin, one of the leading crypto exchanges in the market, has uncovered that 33.4 million Nigerians, accounting for 35% of the country's population between the ages of 18 and 60, are either current owners of crypto or have partaken in crypto trading in the previous six months, according to a press release published on April 12.

The "Into the Crypto verse Report: Nigeria Edition 2022" has disclosed that 52% of the crypto investors in Nigeria allocate more than half of their assets to cryptocurrencies.

Finally, 70% of Nigerian crypto investors have said they were planning to grow their investments in crypto in the following six months, "Giving reasons to believe that digital asset adoption in the country is accelerating," the press release said.

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2022-04-13 00:13:22 Coinbase Reveals 50 Assets for Listing, Crypto Community Is Not Impressed

Coinbase has revealed 50 assets that are being considered for listing.

Writing about why these 50 assets were picked, Coinbase said that it only considers assets that meet its standards for legal, compliance, and technical security.

The crypto community is not altogether happy with the list of assets up for a potential listing.

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2022-04-12 23:51:46 Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments

According to the findings of a study by Checkout.com, about 54% of respondents in both the UAE and Saudi Arabia "Believe that cryptocurrency should be used as currency" and not only as "An investment asset." This figure is nine percentage points higher than the global average of 45%, the study data shows.

Although the study found that nearly half of the 30,000 respondents are planning to regularly or occasionally pay with crypto, there are still obstacles that stop digital currencies from going mainstream, even in countries like Saudi Arabia and UAE. For instance, the study found that approximately 25% of respondents in Saudi Arabia and just over 30% in the UAE said "Crypto is too complicated to become mainstream."

According to the study data, just over 30% of respondents in Saudi Arabia and around 30% in the UAE agreed that crypto is too risky.

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2022-04-12 21:36:33 Many millennials expect crypto to fund their retirement, survey found

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2022-04-12 19:44:36 Spot Crypto ETF in Demand by Majority of Financial Advisors, Finds New Nasdaq Survey | Nasdaq, Inc.

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2022-04-12 19:12:35 Bitcoin climbs above crucial $40,000 mark as Fed ponders interest rate hike

Due to historically high inflation and ongoing geopolitical uncertainty, Bitcoin and the larger cryptocurrency market have suffered in recent weeks, as the Federal Reserve started raising interest rates in response.

Currently, Bitcoin is trading at $40,266, down 4.77% on the day and 13.66% in the last week after seeing a steady climb up until the Bitcoin 2022 conference in Miami, according to CoinMarketCap.

Interesting, prominent crypto trading analyst Michaël van de Poppe pinpointed the $40,000 mark as an important level for BTC "While equities are also still dropping. Let's see. I'd like to see a reaction here. Other crucial levels if lost; $38K Sub $33K.".

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2022-04-12 18:40:11 US annual CPI inflation rises to 8.5% in March versus 8.4% expected

Headline CPI came in at 8.5% YoY, a tad above expected, though Core CPI figures were softer than forecast.

The annual rate of US inflation, as per the Consumer Price Index, came in at 8.5% in March, slightly the median economist forecast for a reading of 8.4% and higher versus February's YoY rate of 7.9%. The MoM rate of inflation according to the CPI came in at 1.2% MoM, in line with the median economist forecast for a reading of 1.2% and above versus February's 0.8% MoM reading.

The MoM rate of Core CPI was lower versus February's 0.5% reading, while the YoY rate in March was only up slightly versus February's 6.4% reading.

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