Global #cryptocurrency

The Nigerian government's handling of cryptocurrency is generating confusion and discontent among investors. The Senate Committee on Capital Markets in Nigeria has advocated for cryptocurrency regulation to safeguard investors and bolster the domestic economy.

On June 3, OKX, a prominent global cryptocurrency exchange, made its official debut in the Netherlands, unveiling a dedicated trading platform and a Web3 wallet tailored for the local market.

A crypto analyst has made a bold prediction regarding Bitcoin, suggesting that the cryptocurrency is on the cusp of a major surge in price. Renowned for his accurate macro Bitcoin forecasts, the analyst, known as TechDev, has highlighted the current narrow trading range of Bitcoin, which he claims hasn't been seen in eight years.

According to crypto trader Peter Brandt, Bitcoin (BTC) is currently experiencing a downturn, with its price at $68,589. Brandt suggests that based on the trajectory of previous post-halving bull markets, Bitcoin could potentially peak between $130,000 to $150,000 in late August to early September.

Hong Kong, a prominent financial center increasingly interested in cryptocurrency, is witnessing significant regulatory changes. The Securities and Futures Commission (SFC) has taken decisive action, compelling unlicensed crypto enterprises to leave the market and imposing stricter regulations on those applying for licenses.

A recent report reveals a significant surge in the global adoption of digital currencies. The number of individuals who own and actively use digital currencies has risen to 562 million, surpassing the previous year's figure of 420 million in 2023. This indicates that approximately 6.8% of the world's population is now engaged in the utilization of digital currencies.