FomoScope - Crypto FOMO Detection & Analysis

cointelegraph.com Mar 12, 2025 08:00

Nigeria’s crypto future: Striking a balance between innovation and regulation - Opinion by: Mohammed Idris, Minister of Information of NigeriaNigeria has emerged as one of the most active and dynamic crypto markets in recent years. From bustling tech hubs in Lagos to grassroots communities in smaller cities, young Nigerians have turned to cryptocurrencies to address fundamental economic challenges, from hedging against inflation to accessing global markets in a way traditional finance often does not allow.As minister of information, I have seen firsthand how digital innovation has become crucial to the Nigerian story. Cryptocurrencies, blockchain technology and other digital assets are no longer on the fringes of our economy; they are fast becoming central to how our people transact, create and build.This rise in crypto adoption has not, however, come without challenges. Questions around regulation, consumer protection, security and misuse of digital assets have fueled debates in Nigeria and globally. I write to clarify Nigeria’s position: We are committed to fostering an inclusive digital asset ecosystem that is both innovative and responsible.Nigeria is a crypto hubAccording to several international reports, Nigeria consistently ranks among the top countries in terms of crypto adoption. Our population — over 200 million strong, with a median age under 20 — is naturally inclined toward new technologies. Crypto has become more than a speculative tool; it’s a lifeline for freelancers, small businesses and families receiving remittances.Yet despite the widespread use of cryptocurrencies, Nigeria has wrestled with how to regulate this sector effectively. Earlier approaches included restrictions on financial institutions from facilitating crypto transactions, which inadvertently pushed much of the activity underground, away from proper oversight.Nigeria moves toward robust regulationUnder the administration of President Bola Ahmed Tinubu, Nigeria is reassessing its approach. We are moving away from blanket restrictions toward thoughtful, balanced regulation that acknowledges both the risks and the transformative potential of crypto and blockchain technologies.Our objective is to create a regulatory framework that fosters innovation, ensures market integrity and protects Nigerian consumers. This involves active engagement with stakeholders from crypto startups and blockchain developers to international partners and regulatory bodies.Recent: Nigeria to tax cryptocurrency transactions for revenue boostNigeria’s stance is simple. We support innovation that benefits our people, but we will not allow misuse that harms them.We recognize the legitimate use cases for cryptocurrencies, including:Financial inclusion for the unbanked and underbanked.Cross-border payments and remittances that avoid high fees.Access to global markets for Nigerian entrepreneurs and freelancers.New digital economies, such as decentralized finance (DeFi) and non-fungible tokens (NFTs), offer opportunities for wealth creation.At the same time, we are determined to address concerns around fraud, money laundering, terrorism financing and other illicit activities. Effective regulation, rather than prohibition, is the path forward.Nigeria and blockchainNigeria sees blockchain technology as more than just crypto trading. Blockchain can be a powerful governance, transparency and service delivery tool.Already, conversations are underway on how blockchain can improve public systems, such as:Land registries to reduce fraud and strengthen property rights.Identity management systems to enhance financial inclusion.Supply chain monitoring to improve food security and public procurement.A collaborative approach Nigeria is not navigating this journey alone. As we develop new policies and frameworks, we look to global best practices and seek collaboration with international platforms and regulators.We invite crypto companies, investors, innovators and advocates to engage with us. We aim to create a transparent and predictable environment where businesses can thrive while ensuring Nigerian citizens are protected from undue risks.Nigeria’s approach to crypto is evolving, and with good reason. The potential for digital assets and blockchain to contribute to economic growth, job creation and financial empowerment is too significant to ignore.To realize these benefits, we must build trust in the system through effective regulation, education and international cooperation.To the global crypto community, I say this: Nigeria is open to innovation, but we are equally committed to ensuring that such innovation operates within a secure, transparent and inclusive framework.We look forward to working together — for the benefit of Nigerians and the global advancement of responsible crypto adoption.Opinion by: Mohammed Idris, Minister of Information of Nigeria.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 90%

dailyhodl.com Mar 12, 2025 09:15

Whales and Sharks Snap Up $381,293,478 Worth of Bitcoin in Six Days Amid Trader Panic, According to Santiment - Large holders of Bitcoin (BTC) have accumulated BTC worth hundreds of millions of dollars over the past week amid the crypto selloff, according to analytics platform Santiment. Santiment says that since March 3rd, Bitcoin whales and sharks have collectively added 4,486 BTC to their holdings amid...

BTC

FOMO: 85%

coinpedia.org Mar 12, 2025 08:45

Bitcoin Prediction For March 12 - The post Bitcoin Prediction For March 12 appeared first on Coinpedia Fintech News Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S....

FOMO: 85%

news.bitcoin.com Mar 12, 2025 08:30

Metaplanet Borrows $13.5 Million (¥2 Billion) to Buy More Bitcoin - Japanese hotel developer and bitcoin treasury firm Metaplanet is borrowing ¥2 billion or roughly $13.5 million to buy more bitcoin (BTC). The company posted the announcement via its X account on Tuesday evening. Metaplanet currently owns 2,888 BTC and recently implemented a strategy that will see it purchase 21,000 bitcoin by 2026. The firm also […]

FOMO: 85%

coinpedia.org Mar 12, 2025 07:54

Why Crypto Market Is Up Today: Bitcoin Hits $82K as Geopolitical Risks Ease - The post Why Crypto Market Is Up Today: Bitcoin Hits $82K as Geopolitical Risks Ease appeared first on Coinpedia Fintech News The crypto market is finally seeing relief after a tough start to the week, thanks to key political and economic changes. With the changing microeconomic trend, the...

FOMO: 90%

cryptodnes.bg Mar 12, 2025 06:00

Bitcoin Poised for a Breakout as Liquidity Grows, Says Raoul Pal - Raoul Pal, CEO of Real Vision and a former Goldman Sachs executive, anticipates a surge in Bitcoin and other digital assets as global liquidity expands. The post Bitcoin Poised for a Breakout as Liquidity Grows, Says Raoul Pal appeared first on Cryptodnes EN.

BTC

FOMO: 90%

@BTC_Archive Mar 12, 2025 07:19

The Kingdom of Bhutan builds gorgeous airport thanks to Bitcoin mining profits using hydro-electricity.

FOMO: 85%

www.coindesk.com Mar 12, 2025 07:17

Bitcoin Sees Relief Run to $82K; SEC Delays XRP, DOGE, LTC ETF Filings - Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.

FOMO: 85%

coinpedia.org Mar 12, 2025 05:05

Metaplanet Acquires Another 162 BTC, Raises 2 Billion Yen to Fuel Bitcoin Strategy - The post Metaplanet Acquires Another 162 BTC, Raises 2 Billion Yen to Fuel Bitcoin Strategy appeared first on Coinpedia Fintech News Metaplanet Inc. is making waves with its latest Bitcoin acquisition, further solidifying its position in the digital asset space. As part of its ongoing Bitcoin...

BTC

FOMO: 90%

coinpedia.org Mar 12, 2025 03:07

Big Things Are Coming– Are Kiyosaki and Lummis Hinting at U.S. Bitcoin Strategic Reserve? - The post Big Things Are Coming– Are Kiyosaki and Lummis Hinting at U.S. Bitcoin Strategic Reserve? appeared first on Coinpedia Fintech News Robert Kiyosaki, author of Rich Dad Poor Dad, recently posted on X with a cryptic message saying, Big Things are coming, which has sparked growing...

BTC

FOMO: 90%

cointelegraph.com Mar 12, 2025 02:57

Starknet to settle on Bitcoin and Ethereum to unify the chains - Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience.“Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network’s original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.It added that while some investors view Bitcoin as “digital gold,” it believes “there is a demand for utilizing Bitcoin for purposes beyond that.”Source: StarknetPreviously, StarkWare CEO Eli Ben Sasson, the company behind the STARK proof that contributes to the development of Starknet, said OP_CAT, a Satoshi-era opcode for unlocking programmability on Bitcoin that was disabled over security concerns, would allow Starknet to settle on the Bitcoin blockchain. If successful, Starknet said the move would allow developers to build applications on the Bitcoin network through smart contracts and enable applications such as staking, borrowing, lending, leveraged trading, and yield farming.As part of the announcement, StarkWare said it has joined the growing number of firms in creating a Bitcoin (BTC) reserve, holding a growing portion of its treasury in crypto.Source: Ameen SoleimaniStarknet will also team up with Bitcoin Web3 wallet Xverse, whose founder and CEO Ken Liao said the integration, slated for the second quarter of 2025, will achieve Bitcoin’s “DeFi take-off moment.”Xverse said wallets need to be more than just storage solutions; and allow easy access to Bitcoin’s growing utility. Liao said in a statement that the endgame is trustless DeFi on Bitcoin.Related: Unknown attacker causes headaches during Pectra upgrade on Sepolia“In today’s environment, there is a temptation for wallet teams to say, ‘yeah, let’s just focus on making it easier for people to use Bitcoin as a store of value,’” Liao said.“But the long-term future of Bitcoin also includes utility, and that’s why layer 2 solutions must reach the public via the wallets they actually use,” he added.Meanwhile, in a March 11 X space discussing Starknet’s plan, Ethereum co-founder Vitalik Buterin said a proper Bitcoin L2 that can satisfy the needed security properties would “make crypto payments great again, and all those use cases can work.”Starknet on Bitcoin and Ethereum https://t.co/tCyQDHY7Yr— StarkWare 🐺🐱 (@StarkWareLtd) March 11, 2025Buterin said there is a “lot of value” in enabling the trustless flow of assets between the Bitcoin and Ethereum ecosystems, such as easier paths for decentralized exchange.“If you go back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system, and obviously, layer 1 is not nearly scalable enough for that,” Buterin said.“I think we’ve also seen some of the limits of the Lightning Network and that kind of approach.“Magazine: MegaETH launch could save Ethereum… but at what cost?

FOMO: 90%

news.bitcoin.com Mar 12, 2025 02:30

Michael Saylor to White House: Bitcoin Reserve Could Generate $81 Trillion for US - The Strategic Bitcoin Reserve could generate up to $81 trillion for the U.S. Treasury by 2045, offsetting national debt and securing economic dominance. Michael Saylor Calls on the US Government to Embrace Bitcoin for $81 Trillion Growth Michael Saylor, executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, outlined a […]

FOMO: 90%

feeds2.benzinga.com Mar 12, 2025 02:09

Bitcoin, Ethereum, Dogecoin Recover On Strategic Reserve Bill In Congress: Top Analyst Foresees BTC\s \Swift Move\ To $88,000-$92,000 If This Happens - Leading cryptocurrencies bounced back Tuesday after a Strategic Bitcoin Reserve bill was tabled in the House of Representatives. read more

BTC

FOMO: 88%

cointelegraph.com Mar 12, 2025 02:07

Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin - US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which would be paid for by diversifying existing funds within the Federal Reserve system and the Treasury department. However, the reintroduced act, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means other than direct purchase, such as civil or criminal forfeitures, gifts made to the US or transfers from federal agencies.Proud to re-introduce the BITCOIN Act. Let’s secure America’s financial future.pic.twitter.com/jJFmMopP7h— Senator Cynthia Lummis (@SenLummis) March 11, 2025The extra Bitcoin can also come from US states that voluntarily store their Bitcoin holdings in the strategic Bitcoin reserve, though it’ll be stored in a segregated account. “By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy,” said Lummis, who announced the revamped bill during a March 11 conference hosted by The Bitcoin Policy Institute. Lummis taps new bill co-sponsorsThe BITCOIN Act also has a number of new co-sponsors, including Republican Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Bernie Moreno. “I’m proud to join Senator Lummis on this common-sense bill to create a strategic Bitcoin reserve and codify President Trump’s executive order,” Justice said in a statement. “This bill represents America’s continued leadership in financial innovation, bolsters both our economic security, and gives us an opportunity to wrangle in our soaring national debt,” he added. Other changesThe bill also now sets a formal evaluation process for Bitcoin forked assets and airdropped assets in the reserve. Initially, the bill required all forked assets to be stored in the reserve and couldn’t be sold or disposed of for five years unless authorized by law. Related: Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law DecodedThe new bill now directs the Secretary after the mandatory holding period to evaluate and retain the most valuable asset based on market capitalization while retaining the “dominant asset.” Bitcoin has hard forked a number of times in the past to create new cryptocurrencies, most notably Bitcoin Cash (BCH), which forked on Aug. 1, 2017, and Bitcoin Gold (BTG), which forked on Oct. 24, 2017. Lummis’ reintroduced bill comes just days after US President Donald Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”The reserve and stockpile will initially use cryptocurrency forfeited in government criminal and civil cases, but the reserve won’t sell the stashed Bitcoin and will use “budget-neutral” ways to increase its size, while tokens from the stockpile could be sold.Magazine: The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of Flame

FOMO: 90%

youtube.com Mar 11, 2025 23:06

\What is Driving the Growth of Bitcoin?\ - Michael Saylor - Today at the Bitcoin Policy Institutes (BPI) Bitcoin for America event, Michael Saylor shared why Bitcoin is the greatest digital transformation of the 21st century.

FOMO: 90%