Bitcoin
Data reveals that N36 trillion is kept in banks and low yielding assets by Nigerians. Despite an increase in Nigeria’s inflation rate that rose to 12.82%, deposit rates, fixed deposit rates, and risk-free rates such as treasury bills have been driven to 6% per annum. Nigerians Keep N36
Bitcoin
Adult entertainment website Pornhub has added Bitcoin (BTC) and Litecoin (LTC) as payment methods for premium services on its platform. Announced in a tweet, Pornhub is expanding its cryptocurrency options to its over 130 million daily visitors who can now pay for subscriptions using Bitcoin and Litecoin. Speaking on the
Bitcoin
Announced on September 1, Singapore's Stock Exchange (SGX) is listing its first-ever cryptocurrency indices for Bitcoin (BTC) and Ethereum (ETH). The indices is courtesy of a partnership with CryptoCompare, a UK-based cryptocurrency benchmarking site, and will be listed under the SGX four-year old iEdge index suites - the
Education & News
Fiat currency has served societies for many years through different eras and economic cycles. From Nigeria to America, billions of people around the world put their trust in fiat money to live. In more recent times, however, Bitcoin has given a growing number of people around the world reasons to
Africa
The Organization of Petroleum Exporting Countries (OPEC) has announced its Second Virtual Workshop on Energy and Information Technology scheduled for September 21, 2020. This year's videoconference will see blockchain technology discussed among a list of key energy and tech related topics to be addressed. The event will have
Bitcoin
A new study by blockchain analytics firm - Chainalysis indicates that Venezuelans have become increasingly interested in Bitcoin and cryptocurrency as their country's economic crisis and hyperinflation rise. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela now ranks third on the Global Crypto Adoption Index list
Bitcoin
YFI - Yearn.Finance governance token made headlines over the weekend surging from a price of $16,642 on Friday to $38,682 on Sunday (30/08/2020). The YFI token is the latest of DeFi (decentralized finance) tokens to hit a milestone price following the path of others such
Education & News
Crypto startup, VeChain teams up with auto manufacturer BMW to create a security platform for vehicles. The security platform promises to reduce fraud in the automotive sector. BMW and Crypto Startup Provide Auto Security Platform The alliance between the German car manufacturer and the blockchain startup was strengthened after the
Bitcoin
It’s no secret that police extortion is a big problem in Nigeria. Despite the many attempts to rid the nation of extortion by police, the nation’s people continue to suffer. As a result, more Nigerians have had to resort to using Bitcoin to protect themselves from extortion when
Bitcoin
In a move that could transform the blockchain industry for good, blockchain oracle data source, Chainlink acquires DECO from Cornell University. Chainlink Acquires Cornell University Technology The acquisition could serve as a significant boost to Chainlink’s future growth, given the similarities between the projects. DECO promises to improve how
Bitcoin
Nigeria attracts more Bitcoin interest than any country in the world. Record-high numbers in BTC transactions and Google searches make Africa’s largest economy a hotbed for cryptocurrency activity. There are different reasons why more people buy Bitcoin in Nigeria. As adoption becomes widespread, Nigerians are finding new use cases
Education & News
As China continues to make progress with its proposed Central Bank Digital Currency (CBDC), recent reports suggest the Asian giant plans to use the currency at the 2022 Winter Olympic Games. According to a report by Reuters, the People's Bank of China (PBOC) - the Chinese Central Bank