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About Banknaira

BANKNAIRA is an entrepreneurship, investment/affiliate marketing platform that is bent to help all the citizen that is willing to join and have the passion to make passive income online without stress.

BANKNAIRA gives you the timeline privilege for you to monetize your data/ facebook account and you earn passively. As user if you are thinking of earning without stress, they claim to be here to help you make money & be financially free with the help of their legit system. Review – Is Scam or Legit

Banknaira Review



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Joining Banknaira

Banknaira Registration cost N500 and having the below information handy is a requirement.

  • Email Address
  • User Name
  • Phone Number
  • Contact Info
  • Password Review – Is Scam or Legit

Banknaira Login

Before you have access to Banknaira login page, it’s obvious you must registered successfully.

To login Banknaira only the below is needed

  • User name
  • Password

Is Banknaira Scam or Legit

Anyways, team Xycinews can’t pronounce Banknaira scam or legit because we wrote Banknaira Review Article.

We work with researched field report, verified evidence or users comments. Below is some helpful guide to help you pass your verdict.

Right now, no one has given any report of Banknaira being scam or legit, however they site has published some testimonies. Anyways, from experience I well know that sites like this don’t last long.

Always look out for the following before considering any online platform, expecially when your funds is involved. They below should help you.

  • Check if the site has a “contact us” web page
  • Avoid online Platforms that use free email providers
  • Check if the site shows info about its company (name, address, country)
  • Check if the site has an “about us” or “company” web page
  • Check if the site has a valid VAT or Partita IVA number (EU only)
  • Check if the platform is registered to increase trust rating
  • Don’t be fooled by offers looking too good to be real, if it looks too good to be true, pay attention.
  • Check if the site has an active social presence (Facebook, Twitter, Instagram)


This Banknaira Review Article isn’t aimed at defaming Banknaira nor is it targeted to promoting them.

This article is strictly for enlightening purposes and a honest guide from our perspective.

Team Xycinews is no third party and we can’t handle any complients whatsoever.

@The Blogger Scientist 🕴 💼

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Tesla May Allow Bitcoin Payments, Elon Musk Tweeted



Tesla cloud let Bitcoin payments back into it’s transactions, this is what Muck said in his new tweet! It seems he won’t stop tweeting about Bitcoin. After he got some threats by hackers after all! Tesla CEO Elon Musk, tweeted that the e-car company will restart Bitcoin payments when the cryptocurrency’s clean energy utilization gets to the 50 percent threshold.

When we have the confirmation of sensible (~50%) clean energy utilization by miners with affirmative future trend. Tesla will restart letting Bitcoin transactions.

Moreover, Musk declined pumping and dumping Bitcoin. He talked about the allegations that Sygnia CEO Magda Wierzycka made as “inaccurate.”

Tesla’s Bitcoin Holdings

Musk once again confirmed that Tesla only sold 10 percent of its holdings. They did that in order to test the cryptocurrency’s liquidity without moving its price. As you can see, they moved the price of cryptocurrency’s price a lot! Especially Bitcoin.

As you know, Tesla stopped Bitcoin payments because of the harmful environmental impact of mining. They announced it on May 12. As a result this triggering a sharp market correction.

As stated by Ark Investments, over 70 percent of Bitcoin miners are powered by renewable energy by now.


In its most simple form, liquidity is about how simple it is to convert cryptocurrency into cash fast. And also as if this can be obtained without the asset’s value affliction. A cryptocurrency that is liquid usually trades around its market price.

Bitcoin Price

This news maybe cloud help Bitcoin’s price in the market. And in addition it could help the whole market. At time of this writing, Bitcoin’s price is 39,209.20$. So, it seems the market is promising after days of low trades in the market. With bitcoin and other cryptocurrencies. Musk’s actions on social media about cryptocurrencies usually make prices soaring or plummeting.

Bitcoin future is promising. After are it is the big boy in the whole crypto market. Once before, Musk made Bitcoin price goes up, when he announced that Tesla will accept this coin. Then he took it down, when he tweeted that they stopped accepting Bitcoin in their transactions. And, now they are opened to the option again.

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Bitcoin analyze, Bitcoin Reached to the Resistance line 39,270$



We observed a positive candle, with the reopening price of 35546. Which it reached 39,380$ at the highest price, and 34,757$. Bitcoin candle couldn’t reach the resistance line 39,270 in Jun 10. In the result of that, it went back down for more time. We expected that Bitcoin touches the floor of the most probable scenario 32,612.

Even we predicted that, This time the chance of breaking this supportive line increase slightly. Although this scenario, was our third scenario. But, despite of our expectations, Bitcoin toughed the resistance line 39,270$ for the third time, by today’s candle.

For now, Bitcoin had reactions, to some extent, relative to this resistance line. And it went back down. So, about our current scenarios, we are insisting in our the most probable scenario, which is the swing between 32,612$ and 39,270$.

The second scenario is; breaking the resistance line 39,270$, and forming new ascending process.

And the third scenario is; breaking the resistance line 32,612$, to hit a fall around 25,299$.

So, with what happened with today’s candle, we entered to the second scenario. This means ascending process is happening. In conclusion, it is better to have caution until to a resistance line above 39,270$.

But, for now, in the current short term, we consider the line of 32,612$ as the first support. And, the line of 39,270$ as the first resistance.

Binance Analyze

We expected this coin to increase to the resistance line of 423$. And after that, we expected short time correction to get to the supportive line 337$. And, most likely to get on track of increasing. This time with the goal of passing the resistance line of 423$ and reaching 560$ resistance. All of our expectations came true.

Moreover, we expect BNB coin starts a new increasing process. The primary purpose of this coin is; to revisit to the 423$ resistance line. And, after that we expect that, NBN pass this resistance line and touches 560$ the resistance line.

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Bitcoin ‘Options Smile’ Displays Market Terrified of Even with Tesla News



Bitcoin option’s smile appears persistent fears of huge fall and low expectations for a quick rally. Bitcoin had a positive performance in the past 24 hours. This was because of the comments by Tesla CEO Elon Musk. He said that the electric car maker would accept crypto transactions. They will accept it on the condition of reasonable clean energy use by miners.

In result of this comment, Bitcoin experienced a positive rally and the price increased. However, the move to 2.5-week highs above $39,000 failed to quiet market fears. That’s clear to see from a chart pattern known as the “options smile,” which presents relatively higher implied volatility or demand. They are for options at strikes under bitcoin’s current market price than the implied volatility for higher strikes options.

The especial manufacture talks about great fears and continued request for downside hedges. As tweeted by trader and analyst Alex Kruger. In simple words, investors continue to buy puts in anticipation of a more profound price decline.

Options smile, a U-shaped graph looks like a smiley emoticon. And that is created by planning implicit volatilities opposed to options at various hit prices expiring on the same date.

Implicit volatility is investors’ expectations of price turbulence over a specific period. A higher implicit volatility outcomes from bigger demand for options and the other way around.

Options of Sell and Buy

Options are hedging tools that give the buyers the right but not the commitment to buy or sell an underlying asset at an established price on or before a specific date. Thus, a call option represents the right to buy and put the right to sell.

The fast slope at lower strikes throws back fears of a sell-off and the flatter slope at the right end displays market contributors regard rallies, if any, to be slow.

Some may say that the steeper slope at lower strikes can steam from increased request for call options or bullish bets than for protective puts. But, put-call deviations, which calculate the cost of puts relative to calls, say something else.

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  • bitcoinBitcoin (BTC) $ 38,878.00
  • ethereumEthereum (ETH) $ 2,413.03
  • tetherTether (USDT) $ 1.00
  • binance-coinBinance Coin (BNB) $ 353.71
  • cardanoCardano (ADA) $ 1.52
  • dogecoinDogecoin (DOGE) $ 0.312367
  • xrpXRP (XRP) $ 0.855813
  • usd-coinUSD Coin (USDC) $ 1.01
  • polkadotPolkadot (DOT) $ 23.54
  • uniswapUniswap (UNI) $ 22.39
  • bitcoin-cashBitcoin Cash (BCH) $ 607.04
  • litecoinLitecoin (LTC) $ 169.78
  • solanaSolana (SOL) $ 40.58
  • chainlinkChainlink (LINK) $ 23.69
  • matic-networkPolygon (MATIC) $ 1.50
  • binance-usdBinance USD (BUSD) $ 1.00
  • theta-tokenTheta Network (THETA) $ 9.10
  • internet-computerInternet Computer (ICP) $ 56.32
  • stellarStellar (XLM) $ 0.324214
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 38,874.00
  • ethereum-classicEthereum Classic (ETC) $ 56.66
  • vechainVeChain (VET) $ 0.109364
  • filecoinFilecoin (FIL) $ 70.54
  • amp-tokenAmp (AMP) $ 0.112222
  • daiDai (DAI) $ 1.00
  • tronTRON (TRX) $ 0.070295
  • moneroMonero (XMR) $ 268.57
  • eosEOS (EOS) $ 4.99
  • shiba-inuShiba Inu (SHIB) $ 0.000008
  • cdaicDAI (CDAI) $ 0.021565
  • aaveAave (AAVE) $ 296.07
  • okbOKB (OKB) $ 13.77
  • neoNEO (NEO) $ 50.25
  • cosmosCosmos (ATOM) $ 14.21
  • kusamaKusama (KSM) $ 368.21
  • compound-usd-coincUSDC (CUSDC) $ 0.022123
  • algorandAlgorand (ALGO) $ 1.04
  • bitcoin-svBitcoin SV (BSV) $ 166.06
  • iotaIOTA (MIOTA) $ 1.09
  • klay-tokenKlaytn (KLAY) $ 1.20
  • pancakeswap-tokenPancakeSwap (CAKE) $ 16.31
  • Coin (CRO) $ 0.116031
  • celsius-degree-tokenCelsius Network (CEL) $ 6.69
  • ftx-tokenFTX Token (FTT) $ 32.42
  • compound-ethercETH (CETH) $ 48.11
  • makerMaker (MKR) $ 3,004.18
  • theta-fuelTheta Fuel (TFUEL) $ 0.503025
  • tezosTezos (XTZ) $ 3.18
  • thorchainTHORChain (RUNE) $ 9.60
  • terra-lunaTerra (LUNA) $ 6.25
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