Bitcoin News in Nigeria

The post Can Stellar (XLM) Lead the Market in September? appeared on BitcoinEthereumNews.com. Stellar’s (XLM) price has surged nearly 300% over the past year, far outpacing leading cryptocurrencies. By comparison, Bitcoin (BTC) and Ethereum (ETH) returned 95.8% and 84.7% respectively. Although the asset has faced recent headwinds—falling 12% over the past month—several key factors could set the stage for an XLM rally in September. Sponsored Sponsored What Could Drive Stellar (XLM) in September? According to the latest data from Stellar Expert, the network’s user base has witnessed a notable increase. The number of accounts has risen from 8.6 million to 9.7 million over the past year. This growth reflects heightened adoption. Furthermore, the network processed 264.6 million payments between July and August. This was a two-year high for Stellar. In addition, the number of successful transactions has increased, while failed transactions have declined. This trend highlights strong demand and operational reliability—key signals of investor confidence. Sponsored Sponsored Meanwhile, the recent introduction of Protocol 23, branded as Whisk, represents a significant technical advancement for Stellar. This upgrade, which was approved by network validators on September 3, brings eight Core Advancement Proposals (CAPs).  These enhancements enable parallel execution, lower latency and fees, and improved developer tools. It positions the network for enhanced scalability and efficiency. “The Whisk changes will help the network stay fast, affordable, and fit-to-purpose as it scales to handle growing needs, as will the changes introduced in the next protocol, and the protocol after that,” the Stellar team wrote. Another potential catalyst is XLM’s inclusion among tokens shortlisted for the SEC’s fast-track exchange-traded fund (ETF) approval plan, according to Galaxy Digital. “In total, 10 tokens meet the criteria for expedited listing: DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, and HBAR,” Galaxy Digital stated. Sponsored Sponsored With 91 ETF applications currently under review with the SEC, XLM’s presence alongside assets like…

Global bond yields are surging, U.S. debt tops $37T, and Bitcoin gains 4.2%. Can BTC hit $150K as markets brace for a historic shift in safe-haven demand?

The post Wintermute Urges SEC to Clarify Network Tokens Are Not Securities appeared on BitcoinEthereumNews.com. Trading company and market maker Wintermute asked the United States Securities and Exchange Commission (SEC) to confirm that network tokens should not be classified as securities.  In formal feedback to the agency’s request for comment, the company said clear guidance on the security status of tokens is necessary to avoid the misapplication of securities laws and ensure the continued growth of crypto markets.  Wintermute said that “network tokens,” which are “intrinsically connected to the functioning of a decentralized network or protocol,” are necessary technical inputs for blockchain networks. Because of this, the company said, they fundamentally differ from financial products or securities.  The company mentioned Bitcoin (BTC) and Ether (ETH) as examples of network tokens that should not be classified as securities.  Source: Wintermute Wintermute likens network tokens to commodities If network tokens were classified as securities, every trade of such digital assets in the US might require regulatory compliance with securities laws. This could affect the liquidity of the tokens, raise costs for traders and ultimately push activities offshore.  “Such misclassification risks stifling innovation and driving blockchain development and trading activity outside of US markets,” Wintermute wrote.  The company said network tokens do not meet the criteria for securities even if they are later traded for profit or used in fundraising rounds.  Wintermute said network tokens function more like commodities, collectibles and real estate. These can all be bought for investment purposes without being treated as securities.  Apart from its recommendations, the company also welcomed SEC guidance excluding stablecoins, memecoins and staking activities from the securities classification. It stressed that the same level of clarity should be extended to network tokens.  “Clear guidance across these areas will keep US markets competitive, encourage continued dialogue with regulators, and create optimal conditions for adoption and innovation to thrive,” the company said.…

The post BTC Adoption, Deepsnitch Tops $182k appeared on BitcoinEthereumNews.com. Bitcoin’s record-setting increase in 2025 is being mirrored by unexpected adopters. From real estate groups to small fitness studios, private businesses across the United States are reinvesting profits directly into BTC.  For a better context, they are treating it like a hedge and a growth vehicle at the same time. River, a leading Bitcoin financial services company, says this accumulation could be a defining signal of the bull market. For traders, it raises a familiar question: if private businesses are loading up on BTC, what is the best crypto to buy now in a cycle where institutions, retail, and even local nonprofits are chasing exposure? Well, the hunt for better returns has investors turning toward newer projects like DeepSnitch AI.  Bitcoin adoption among private businesses According to River’s latest research report, business clients have reinvested an average of 22% of their profits into Bitcoin this year. Real estate firms led the charge, with nearly 15% reinvesting in BTC. This was followed closely by hospitality, finance, and software companies, allocating between 8% and 10%. What makes this development different is the diversity of adopters. Small fitness studios, painting firms, roofing contractors, and even religious nonprofits are now buying and holding Bitcoin. This grassroots-level adoption has created a pool of privately held BTC representing nearly a quarter of what institutional fund managers and large corporate treasuries control. The move shows both the increasing accessibility of digital asset services and the regulatory clarity that defined 2025. With clearer rules in the U.S. and Europe, businesses are treating Bitcoin less as a speculative gamble and more as a legitimate balance sheet asset. But the newest projects are designed to get traders’ attention in new ways. That’s where coins like DeepSnitch AI are performing well. Three best cryptos to buy now DeepSnitch AI (DSNT)  DeepSnitch…

Bitcoin Hyper has continued its development with presale funding nearing $14M, while analysts project Bitcoin may rise toward $190K–$200K in the coming months. The project’s integration of Solana tech has created a Layer-2 ecosystem expected to expand Bitcoin’s utility beyond its store-of-value role.

The post mainstream, compliant participation in BTC, ETH, and XRP appeared on BitcoinEthereumNews.com. Amidst heightened volatility in the global digital asset market, Bitcoin continues to maintain its core position in institutional portfolios. Ethereum is attracting attention from both developers and investors due to its upcoming network scaling solution upgrade. Ripple has seen a significant increase in trading volume driven by recent positive regulatory news. BAY Miner, a pioneer in regulatory compliance and sustainable mining, has launched a new mobile app, enabling users to participate in compliant cloud mining and asset management of BTC, ETH, and XRP on their smartphones with a single click. As governments around the world continue to strengthen their regulatory frameworks for cryptocurrencies and mainstream demand for “green mining” and compliant platforms rapidly increases, the BAY Miner mobile app not only represents the popularization of the cloud mining industry but also provides a mainstream entry point into the crypto mining market for global users through intuitive operation and compliance assurance. This app transforms the acquisition of digital assets from a complex hardware investment into an accessible online experience, further promoting the global adoption and investment confidence of BTC, ETH, and XRP. A New Chapter for Mainstream Crypto Mining Traditional cryptocurrency mining has been complicated, resource-intensive, and included a variety of additional considerations. Mining requires specialized equipment, energy, and the technical capability to operate mining machines—three major considerations preventing the mainstream average user from mining. The BAY Miner mobile app completely changes the model, enabling mining through the cloud, eliminating those barriers a single mining machine once had, and furthering reach and opportunity to individuals around the world. By making BTC, ETH, and XRP mining as simple as downloading an app, BAY Miner ensures that anyone with a smartphone can participate. The app provides: User-Friendly Experience: Intuitive dashboards allow beginners to start mining in minutes. Global Accessibility: Available for iOS and…

The Bitcoin price has soared to historic highs this year, but not everyone believes the rally will last. A new warning from a crypto analyst suggests that the world’s largest cryptocurrency could be on the verge of a dramatic price crash, with the possibility of erasing nearly all of its gains and tumbling back to levels not seen in years. Why A 90% Bitcoin Price Crash Could Be Ahead In a recent interview on the David Lin Report, a financial news channel on YouTube, Bloomberg Intelligence senior commodity strategist Mike McGlone issued a stark warning for Bitcoin holders. After years of accurately calling key price levels, including the surge to $100,000, McGlone now predicts that BTC could wipe out more than 90% of its gains, potentially falling back to $10,000 in this market cycle.   Related Reading: Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here The Bloomberg strategist explained that Bitcoin’s climb to six figures on December 6 marked a major psychological threshold. According to him, that milestone was less a sign of long-term strength and more a signal that the market had overheated. He described the surge as a textbook example of “selling when there’s yelling,” meaning that investors often get caught up in the euphoria at the top.  Since Bitcoin crossed $100,000 on December 6, McGlone noted that gold has appreciated roughly 30%, while BTC has added only about 8%. Stock market benchmarks such as the S&P 500 have also posted modest returns in the same period, leaving digital assets struggling to show dominance.  McGlone highlighted the growing connection between Bitcoin and broader equity markets, noting that its 48-month correlation with the S&P 500 now stands at 0.6. He suggested that this pattern underscores Bitcoin’s transformation into a risk-on asset, moving in tandem with stock market performance rather than acting as an independent store of value.  Adding to his bearish stance, the Bloomberg strategist pointed out that volatility signals are shifting. In August, the Volatility Index (VIX) hit its lowest level of the year at around 14.2, while Bitcoin simultaneously reached new highs. By the end of the same month, volatility spiked again, suggesting that market sentiment may be changing. For McGlone, these signals indicate that investors should prepare for a potential correction phase, with gold likely to continue outperforming BTC and other speculative assets.  Analyst Says Bitcoin To $1 Million Is Unlikely  During the interview, Lin questioned whether Bitcoin could ever climb to $1 million, pointing to the same logic that took the asset naturally from $10,000 to $100,000. McGlone dismissed the idea, stressing that today’s market environment is fundamentally different and does not support such an outcome.  Related Reading: Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says The Bloomberg strategist explained that when Bitcoin was trading near $10,000, market sentiment was profoundly negative, which created the ideal conditions for a long-term rally. By contrast, at a price above $100,000, the current market is crowded with long positions, making it harder for BTC to sustain upward momentum. In his view, the sheer weight of speculative exposure has left Bitcoin vulnerable to a potential retracement rather than setting the stage for exponential growth. Featured image from Getty Images, chart from Tradingview.com

Bitcoin spot ETFs have logged $301.3M in net inflows on Sept. 3, led by BlackRock’s IBIT, while Ethereum ETFs have posted $135.3M in outflows, reversing August’s momentum. Cumulative inflows for Ethereum ETFs have remained positive at $13.34B as whales and institutions have added ETH.  

The post BAY Miner Launches AI-Powered Platform for Smartphone-Based BTC and ETH Mining appeared on BitcoinEthereumNews.com. Once, crypto mining turned into a sport for those with deep wallet and excessive-tech setups. Expensive rigs, sky-excessive energy payments, and non-prevent noise defined the method. For everyday users, this world felt far away. Now things have changed. With BAY Miner’s AI-powered platform, your smartphone becomes a gateway to Bitcoin (BTC) and Ethereum (ETH) mining. No wires. No cooling systems.. “Just an app that provides access to BTC and ETH mining directly through your smartphone BAY Miner is not just another cloud mining project. It blends AI efficiency, renewable energy, FCA-compliance, and mobile-first design—creating a flexible system that lets anyone mine crypto securely and sustainably.  The Rising Demand for Mobile Mining The crypto market is always moving. Prices jump, drop, and surprise investors overnight. For many, this volatility makes trading stressful. Mining, however, offers stability—especially when contracts are locked in USD value. Sponsored Sponsored But traditional mining blocks average investors. High equipment costs, technical know-how, and long setup times keep people out. Smartphones are solving that. Today, global smartphone adoption means almost anyone can mine if the platform is built right. That’s why BAY Miner is ahead of the curve. It turns your phone into a control hub—accessible, portable, and user-friendly. Why Traditional Mining Holds You Back Expensive Rigs – Thousands spent upfront. Heavy Electricity Bills – Power costs eat into profits. Complex Maintenance – Heat, noise, and hardware failures. This model only benefits industrial-scale miners. Everyday investors are left behind. Why Smartphones Are Taking Over Smartphones already handle payments, trading, and banking. Mining is the next step. BAY Miner connects your phone directly to cloud servers. All the heavy lifting happens off-device—your phone simply manages and monitors. The result? Zero setup, zero stress, instant access to BTC and ETH mining. BAY Miner’s AI-Powered Advantage What makes BAY Miner different…

The post Crypto Hacks Surge in August, $173M Lost in Exploits: CertiK appeared on BitcoinEthereumNews.com. Phishing attacks drove most losses, continuing a steady rise in monthly crypto incidents. Crypto hacks continued their upward trend in August, with approximately $173.2 million in total lost across exploits, up over 13% from July, according to security analytics firm CertiK. Phishing attacks alone accounted for roughly $101 million of the total, CertiK revealed earlier this week on X, formerly Twitter. A phishing attack refers to a type of social engineering scam when attackers impersonate trusted entities — often with disguised links or fake websites — to trick victims into revealing sensitive information, such as login credentials, credit card numbers, or other personal data. The largest incidents in August included a $91 million phishing scam and the $53 million BTC Turk exploit, which together represented around $144 million of the month’s total losses. By comparison, the month of July saw $153 million lost to hacks, while June’s total was around $111 million, showing a steady growth in monthly crypto thefts this summer. These figures reflect a concerning trend for the digital asset community, as attackers increasingly target both exchanges and individual users. The data suggests that while security measures have grown more sophisticated in some areas, basic attacks like phishing remain a threat. “This year alone, blockchain-based finance is on track to lose $4.5–5 billion to hacks, about 4% of all [digital] assets, and that’s before trillions in traditional assets start moving on-chain,” Mitchell Amador, CEO of Immunefi, told The Defiant in an email. “Social engineering in crypto is the most lucrative place in the history of mankind to do this kind of work.” Amador explained that this is the case because of large, organized groups running what he called “criminal tech startups,” whose only goal is to steal money. H1 Findings According to a separate report by CertiK from…