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Nigeria requires crypto transactions to be linked to Tax IDs and National IDs!
Nigeria has implemented new regulations under the Nigeria Tax Administration Act (NTAA) 2025 that require crypto transactions to be linked to real-world identities through Tax Identification Numbers (TINs) and National Identification Numbers (NINs).This major shift aims to make cryptocurrency activity traceable for tax purposes, improve compliance, curb tax evasion, and align with global standards like the OECD’s Crypto-Asset Reporting Framework (CARF), which also took effect on the same date.
Key Details of the New RulesVirtual Asset Service Providers (VASPs) — such as licensed crypto exchanges, brokers, and platforms operating in Nigeria — must now:Collect and verify users' TIN (issued by the Nigeria Revenue Service for tax tracking) and NIN (the national biometric ID linked to fingerprints and facial data). Include these details in monthly reports submitted to tax authorities.
Report transaction specifics: dates, types and values of digital assets, sales values, and counterparty information. Retain KYC records, transaction histories, and identification data for at least 7 years.
Flag and report large or suspicious transactions to both tax authorities and the Nigerian Financial Intelligence Unit (NFIU).
This doesn't involve direct blockchain monitoring; instead, it relies on centralized reporting from regulated platforms to match crypto flows with individuals' tax records and income declarations.
The move builds on earlier efforts (like the 2022 attempt to tax crypto profits at 10%), which struggled due to difficulty linking anonymous trades to people.
With Nigeria seeing massive crypto volumes — around $92.1 billion in digital assets received between June 2024 and June 2025 — the government wants to capture revenue from this growing sector without banning it.
Broader ContextCrypto remains legal in Nigeria, and this is part of formalizing the market rather than restricting it.
The Central Bank of Nigeria (CBN) lifted its earlier banking restrictions on crypto-related transactions back in late 2023, allowing licensed VASPs to operate with proper oversight from the Securities and Exchange Commission (SEC) and strong KYC/AML rules.
Many Nigerians rely on crypto for remittances, savings, and hedging against inflation, so this could bring more legitimacy and institutional interest.
However, it also means reduced anonymity on regulated platforms — peer-to-peer (P2P) or decentralized options might still offer more privacy, but authorities are pushing for compliance through licensed services.
Overall, it's a big step toward treating crypto like other financial assets: taxable, regulated, and tied to your official identity.If you're a user or trader in Nigeria, expect exchanges to ramp up ID verification requests soon (if they haven't already). What are your
thoughts on this — game-changer for transparency or too much government reach?
Blackrock says the Federal Reserve should lower interest rates to 3%!
BlackRock's Chief Investment Officer of Global Fixed Income (and a reported candidate for the next Federal Reserve Chair under consideration by President Trump), reiterated his long-held view that the Fed should cut the federal funds rate down to around 3%.He stated in a CNBC interview that this level is closer to a neutral "equilibrium" rate, and he's been pushing this idea for months. The comments came amid reports that Trump plans to interview Rieder for the Fed Chair role.
Current Fed Rate
As of early January 2026, the effective federal funds rate sits at approximately 3.64%, within the Fed's target range of 3.50%–3.75% (following a 25 basis point cut in December 2025).
This means Rieder's call would imply another roughly 50–75 basis points of easing from here, depending on how things play out.BlackRock as an institution (via its iShares and investment institute outlooks) has also mapped a cautious path toward rates closer to 3% over the course of 2026, aligning with a measured easing cycle assuming stable growth and cooling inflation.
This dovish stance from such a major player (BlackRock manages trillions in assets) is being widely discussed as bullish for risk assets like stocks and potentially crypto, as lower rates typically reduce borrowing costs, encourage investment, and support higher valuations.Markets are watching closely, especially with potential leadership changes at the Fed on the horizon.
What do you think — is 3% realistic this year, or too aggressive #blackRock #Fed
Eric Trump says gold profits will start to rotate into Bitcoin soon!
Eric Trump has indeed been vocal about this narrative.
He's repeatedly suggested that capital (including profits from gold investments) will increasingly flow from traditional gold into Bitcoin, positioning BTC as a superior "digital gold" due to its fixed supply of 21 million coins, easier transferability, and role as an inflation hedge.
This idea isn't brand new—Eric has pushed the "gold-to-Bitcoin rotation" theme in multiple interviews and statements throughout late 2025, often calling Bitcoin "the greatest asset we've ever seen" or predicting it will eclipse gold over time.
Recent posts on X (as of early January 2026) show the crypto community actively sharing and amplifying his latest comments, with many framing it as bullish for BTC.Here are a couple of recent examples circulating right now:
These highlight the core message: even if gold prices rise, its supply can keep expanding through mining, while Bitcoin's scarcity is absolute and hardcoded—making it more desirable for long-term value storage.
Why this matters in early 2026Context: Gold has been on a strong run (hitting record highs), while Bitcoin has consolidated around the $90K–$95K range after peaking higher in late 2025.
Trump family angle: Eric is deeply involved in crypto via American Bitcoin (a mining/treasury company), and his views align with broader pro-crypto sentiment in the current administration. Market implications: If a meaningful rotation does occur (institutional money shifting from precious metals to BTC), it could provide upside momentum for Bitcoin.
Analysts are mixed—some predict BTC could push toward $150K+ in 2026 with supportive liquidity, while others note the two assets don't always move in lockstep.
Of course, this is Eric Trump's opinion (and a popular narrative in crypto circles), not a guaranteed outcome—markets will ultimately decide.
But his comments continue to fuel optimism among Bitcoin enthusiasts right now!
ODRAZ: 🇦🇪 Dubaj zakazuje tokeny prywatności i ściślejsze zasady dotyczące stablecoinów jako część szerokiego przebudowy ram regulacyjnych kryptowalut. #crypto