POKKET: Crypto Market Update (Oct 27)

24-Hour Crypto Prices:

BTC – $60,813.15 -3.6% πŸ“‰

ETH – $4,167.32 -1.8% πŸ“‰

BNB – $481.57 -0.7% πŸ“‰

LINK – $32.83 +2.0% πŸ“ˆ


Nigeria became the first African nation to launch a digital currency, eNaira. Ranked sixth in the 2021 Global Crypto Adoption Index, Nigeria is one of the most eager African countries to adopt digital currencies. Cryptocurrency use has grown quickly despite a Central Bank ban in February on banks and financial institutions dealing in or facilitating transactions in them.


The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens. The DFSA’s regulatory framework defines investment tokens as either β€œa Security Token or Derivative Token,” according to a report by Emirati news agency WAM. It specifies the sort of investment tokens that are permitted and which may be listed on a Digital Asset Exchange.Β 


Investors who begin to understand Bitcoin eventually come to the conclusion to buy, according to SkyBridge Capital CEO Anthony Scaramucci.Β β€œIf you had one cent in Bitcoin and 99 cents in cash over the last decade, you outperformed everything,” Scaramucci noted.


As more U.S. banks have come out with statements considering offering cryptocurrency services, the Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams believes it’s time to allow banks to hold cryptocurrency. “My goal in this interagency group is to basically provide a path for banks to be able to act as a custodian of these assets, use crypto assets, digital assets as some form of collateral,” McWilliams said.


The future of NFTs becomes increasingly exciting as businesses continue to focus on fans and consumers. Brands in industries outside of crypto looking to grow their audiences will soon use NFTs as a new marketing channel.Β 


Check out today’s interest rates on POKKET and start earning interest with your crypto.