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    US President Biden and Republican leader reach agreement to raise debt-ceiling

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    I didn’t know anything about Education Sector when Buhari appointed me – Minister of Education, Adamu

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    Full Text: Tribunal releases Obi’s pre-hearing report

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    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

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    Headline Inflation in Nigeria rose to 22.04% in March

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    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

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    Russia Economy contracts by 2.1% in 2022, far below western predictions

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    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    The NGX- ASI declined by 0.09% as ACCESSCORP falls 3.32%,

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    List of Dividends announced in 2023, qualification and payment dates

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

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    The NGX ASI Closed Negative By 0.75% as BUA Cement loses 8.02%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

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    Oando kicks-off test of electric vehicles for mass transportation in Lagos

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    Caverton posts N566.05mn profit for Q1 2023

    Caverton posts N566.05mn profit for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

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    US President Biden and Republican leader reach agreement to raise debt-ceiling

    US President Biden and Republican leader reach agreement to raise debt-ceiling

    Full Text of President Buhari’s Farewell Address to the Nation

    Full Text of President Buhari’s Farewell Address to the Nation

    Full Text: Tribunal releases Atiku’s pre-hearing report

    Full Text: Tribunal releases Atiku’s pre-hearing report

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    EFCC Arraigns Titilayo Eboh for N2bn Investment Scam

    I didn’t know anything about Education Sector when Buhari appointed me – Minister of Education, Adamu

    I didn’t know anything about Education Sector when Buhari appointed me – Minister of Education, Adamu

    Tinubu reacts to agitations about Muslim-Muslim ticket

    Supreme Court to rule on PDP’s case to disqualify Tinubu, Shettima today

    Full Text: Tribunal releases Obi’s pre-hearing report

    Full Text: Tribunal releases Obi’s pre-hearing report

    FG approves NIN-Debit card merger, orders banks to issue NIN cards

    FG approves NIN-Debit card merger, orders banks to issue NIN cards

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Donald Trump’s bizarre ‘red button’ comments on DeSantis’ 2024 anouncement

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    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

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    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    The NGX- ASI declined by 0.09% as ACCESSCORP falls 3.32%,

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Femi Otedola sales N820.67mn worth of Geregu Power Plc Shares

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX ASI Closed Negative By 0.75% as BUA Cement loses 8.02%

    Delisting of Access Bank Plc and listing of Access Holdings Plc

    The NGX- ASI Increased By 0.22% as Access Holdings emerged highest traded by volume and value

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    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    Zenith Bank’s Board of Directors approve payment of final dividend for 2022

    Zenith Bank Directors acquired 17.78mn shares of the bank

    Caverton posts N566.05mn profit for Q1 2023

    Caverton posts N566.05mn profit for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Seplat Energy announces US3 cents interim dividend for Q1 2023

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tengen Holdings acquires 220mn shares of Access Holdings Plc

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Tony Elumelu’s HH Capital Limited acquires millions of UBA shares

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Acquisition: Court orders a meeting of Union Bank Plc shareholders

    Court has mandated us to hold AGM as scheduled – Seplat Energy

    Resolutions passed at Seplat Energy’s 10th Annual General Meeting

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    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

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Home Markets Cryptocurrencies

Bitcoin rises above $38,500 in new rally following U.S Anchorage approval

Thursday, 14 January 2021, 9:43 am
in Cryptocurrencies, Markets
0
Bitcoin jumps to highest since July 2019 after PayPal opens service to cryptocurrencies
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Cryptocurrencies have surged Thursday morning following the Anchorage Digital Bank National Association conditional approval by the U.S Office of the Comptroller of the Currency (OCC), as the first federally chartered digital asset bank.

A banking charter would give Anchorage the clear authority to act as a “qualified custodian” for institutional investors under Securities and Exchange Commission (SEC) rules and explicitly allowing it to do business in all 50 states.

Read: Anchorage obtains U.S federal Chartered Crypto bank approval – first in history

Bitcoin the most popular cryptocurrency and the largest by market capitalization surged past $38,000 to as much as $38,572.3 on Thursday

At 0808 GMT on Thursday, Bitcoin is trading at $38,552.0, up by 9.26% on the Investing.com Index, while Ethereum the second-largest cryptocurrency by market capitalization is trading at $1,168.01 up 7.85%.

Bitcoin Cash is up by 6.00% to $504.48

Chainlink is up by 9.77% to $16.01 and Litecoin is up by 8.12% to $150.181.

In the last 24 hours of writing this report, 1,510,065 Bitcoin valued at $58,477,862,644 has been traded according to Coinlore.

Read: NSE daily report: Market up by 0.11%, Insurance Index advance by 4.12%

“Having a national bank charter places Anchorage Digital Bank firmly on the same regulatory footing as other national banks in the country. Most immediately, it puts first-of-its-kind, sub-custody services within reach for any traditional financial institution that wishes to give its clients access to digital assets,” Anchorage said.

However, Anchorage warned that “holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss.”

Bitcoin has continued to recover after Monday sell-off saw the price hit nearly $30,000. However, Bitcoin Whales bought into the deep amid the sell-off.

The number of bitcoin (BTC, +11.21%) “whale entities” – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 BTC – rose slightly to a new record high of 2,140 on Monday according to Coindesk.

By: Ifunanya Ikueze

Related Posts:

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  • Anchorage obtains U.S federal Chartered Crypto bank approval - first in history
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  • Bitcoin Liquidity Crisis: Analyst optimistic about Bitcoin rally due to shrinking liquidity as traders become holders
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