Top 4 Cryptocurrencies to Watch This Week


The crypto market is alive with action! Bitcoin’s halving and Telegram’s integration of Tether payments have analysts re-evaluating their predictions. This week, keep an eye on Bitcoin (BTC) to see how it reacts to the halving, Tether (USDT) to see how Telegram integration impacts adoption, and Solana (SOL) as it continues its impressive run. Remember, this is not financial advice, do your own research before investing.

Stablecoin Tether rise in emerging markets as Dollar alternative


Tether, a stablecoin designed to match the value of the U.S. dollar, is experiencing significant growth in emerging markets where access to traditional currency is limited. CEO Paolo Ardoino notes a shift from pure cryptocurrency trading to Tether becoming the preferred digital dollar, particularly in countries like Argentina, Turkey, and Vietnam.

Nigeria’s foreign exchange remittance flows require improvement, according to experts.

Naira Notes

Experts met in Washington DC to talk about how Nigeria can get more money from people abroad. They want to make it cheaper for them to send money home and change some rules. Nigeria gets about $20.5 billion each year from these transfers. The new rules aim to make it easier and encourage more money to come in.

Hong Kong gives initial approval to Bitcoin and Ether ETFs


Hong Kong’s approval of its first bitcoin and ether exchange traded funds (ETFs) signals a significant step towards embracing cryptocurrencies as mainstream investment tools. The move, facilitated by the conditional approval granted to several Chinese asset managers, underscores Hong Kong’s ambition to position itself as a global hub for digital assets, despite mainland China’s ban on cryptocurrencies.

Latest Market Insights: CBN intervention sparks 7.7% surge in Naira-Dollar exchange rate

The Naira-Dollar exchange rate surged by 7.7% to close at N1,142/$1, marking a 10-week high. Central Bank policies are credited for the boost, aiming to achieve a sub-N1,000 rate. Market activities intensified with a $281.3 million turnover, reflecting growing confidence in the Naira’s strength.

Dollar to Naira Black Market Exchange Rate Today AbokiFx February 9, 2024

1 US Dollar (1$) today February 9th, 2024, in the Black Market Exchange rate (Aboki Fx) is equivalent to ₦1,495 (NGN – Nigerian Naira). This is today’s current black market exchange rate and it’s what you’ll get from Mallam’s, Abokis, and BDCs (Bureau De Change) all over the country. The black market exchange rate is … Read more