Bitcoin and the Crypto Markets are Yet to Hit a Top – BTC Analyst

Bitcoin and Crypto analyst MagicPoopCannon, has forecasted that the top is not in He cites that the Bitcoin 200 week MA divergence heat map, is yet to show exhaustion However, a top is near with Magic seeing a possible Bitcoin top at $80k – $90k Popular Bitcoin and Crypto Analyst, MagicPoopCannon, has forecasted that Bitcoin and the crypto markets are yet to hit a top for this cycle. According to Magic, the Bitcoin 200 week MA divergence heat map is yet to show signs of exhaustion as explained through the…

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Nigeria Money Printing Controvesy: CBN Governor’s Remarks Attacked, Government Denies It Financed Deficit via Money Printing

The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the CBN governor Godwin Emefiele’s response to the allegations is “politically motivated.” Money Printing Unsustainable In his riposte, Orbih is quoted by a local news site suggesting that “if drastic measures were not taken to address the situation” then the country might be headed for a worse…

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MakerDAO moves to expand collateral assets and upgrade liquidation engine

The new liquidation engine has been designed to offer Maker’s users greater predictability and security. Decentralized lending and stablecoin protocol MakerDAO has opened governance voting to allow new tokens as collateral. A number of new collateral types have been proposed for MakerDAO, potentially increasing the number of digital assets that can now be used to mint its stablecoin, DAI. Voting began on April 19 and will run for fourteen days. Seven tokens have been suggested as collateral for the Maker, including Moss Carbon Credit (MCO2), Rocket Pool’s staked Ethereum (rETH),…

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