Bitcoin
The Economic and Financial Crimes Commission (EFCC) has arrested Instagram celebrity Linus Williams Ifejika popularly known on as Bitcoin Lord (B-Lord) and 13 others for alleged internet fraud. This was revealed in a Facebook post by the commission earlier this week. The official statement reads: “EFCC Arrests 14 Internet Fraudsters
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
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
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
Bitcoin
Three significant factors determine the future price of Bitcoin for Nigerians. The factors include the demand for gold, long-term macro-metrics, and the falling value of the dollar and Naira. Institutional Investors Influence the Price of Bitcoin for Nigerians Since the beginning of August, Bitcoin and gold have shown strong signs
Bitcoin
The International Monetary Fund (IMF) has released a video explaining the concept of cryptocurrency, describing it as a possible "next step in the evolution of money." The two-minute video seeks to educate the public on 'What Cryptocurrency is', as it notes that crypto could completely change
Bitcoin
Bitcoin use cases are on the rise in Nigeria. Each day, Nigerian traders use the apex cryptocurrency to carry out business with Chinese exporters. More Nigerian entrepreneurs use Bitcoin to trade due to the absence of transfer limits, speed of transactions and costs of transactions. Nigerians Use Bitcoin to Trade