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Bitcoin is a digital currency that is secured by cryptographic algorithms and serves as a means of exchange. Unlike cash which can be stored in vaults and physical wallets, Bitcoin can only be stored in digital wallets. In this article, we’ll see what Bitcoin wallets are, their features, and
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Since the release of its whitepaper in 2008, Bitcoin has become increasingly popular. In Nigeria, crypto is gradually becoming a dominant force as 33.4 million Nigerians own crypto. This means there will be a constant need to convert Bitcoin to naira. There are several ways bitcoin can be converted
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Have you ever wondered where the blocks that form the Bitcoin blockchain (chain of blocks) come from? The blocks are formed through the process of Bitcoin mining. The blockchain is a public ledger and the mining process involves the creation of valid blocks containing records of Bitcoin transactions. Mining aims
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Bitcoin scams have become an issue in the crypto industry, leading to the loss of huge sums. In 2022, the crypto industry recorded some of the biggest crypto scams. Protocols affected include the Ronin Network, Axie Infinity, Harmony Network, and Li Finance. This article explores crypto scams, and how to
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Since the release of the Bitcoin whitepaper in 2008, the crypto cryptocurrency is gradually becoming a household word around the world. The coin is now being used as a means of investment in several countries, including Nigeria. In November 2021, Bitcoin achieved its all-time high price of $68,000. Despite
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The subsidiary of bankrupt FTX protocol in Japan has said its customers will be able to withdraw deposits of crypto and fiat currency tomorrow. According to the report, the withdrawal process will be facilitated through Liquid Japan, a crypto trading platform purchased by FTX last spring. The company’s announcement
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Crypto exchange Binance US transferred $400 million from its platform to a trading firm managed by Binance CEO Changpeng Zhao, a Reuters report today claims, citing documents. The cash was moved in the first three months of 2021 from the US affiliate's account at Silvergate Bank to Merit
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World’s largest cryptocurrency by market capitalisation, Bitcoin (BTC) rose past $25,000 for the first time since August, before quickly retreating below the resistance level. The coin recently traded at about $24,920, up more than 9% over the past 24 hours. BTC had been lingering below $22,000
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El Salvador's Ambassador to the United States has revealed that the Central American country is planning to open a “Bitcoin embassy” in Texas. El Salvadoran ambassador Milena Mayorga said on Twitter yesterday that she had met with Texas Deputy Secretary of State Joe Esparza to discuss the idea.
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The Financial Conduct Authority (FCA) is cracking down on unregistered crypto ATMs. The FCA is the financial watchdog in the United Kingdom. The regulator says it recently entered and inspected several sites near the city of Leeds, in the North of England, which was suspected of hosting illegally operated crypto
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Following increased regulatory pressure, Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. Paxos announced it would stop issuing the cryptocurrency amid mounting regulatory pressure, blockchain data shows. Data from blockchain intelligence firm Nansen shows that a
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A recent report by Bloomberg has stated that stablecoin issuer Circle had filed a regulatory complaint against Binance in 2022. The report alleged the mismanagement of token reserves before the lawsuit filed last week against the issuer of BUSD, Paxos. The report says Circle Internet Financial issued a complaint to