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
Bitcoin
Bitcoin is popular among Nigerians for different reasons, including the speed of transfers, relatively low costs of transfers, and superior security standards of the blockchain network. A growing number of Nigerians find that they can invest responsibly in Bitcoin to help to lower the losses that they incur from transactions.
Education & News
There are more opportunities in the cryptocurrency sector than ever before but there are also cautionary tales of scams that hopeful cryptocurrency holders should be aware of. Many scams in crypto, like other scams, aren’t very sophisticated but they can be used to trick even the smartest among us
Bitcoin
Dave Portnoy - Barstool Sports founder turned stock market trader has exited the cryptocurrency space; just one week after starting his journey with Bitcoin. The influential stock trader (@stoolpresidente) had announced his interest in Bitcoin to his 1.7 million followers, and after a meeting with the Winklevoss Twins proceeded
Bitcoin
An anonymous individual transfers 19,722 BTC worth over $243 million for a fee of only $139. The transfer was made in one of the richest Bitcoin wallets in existence. Whale Transfers over $243 Million in Cryptocurrency The transfer was identified by a whale-watching bot Whale Alert. The wallet from
Education & News
When asked about his thoughts on a discussion on Bitcoin and the scarcity of gold, SpaceX founder Elon Musk shared knowledge of an asteroid filled with enough gold to make everyone on Earth a billionaire. Discussion on Bitcoin Leads to Gold Asteroid Revelation The discussion was brought up by Barstool
Bitcoin
In a Tweet made on 11 August, cryptocurrency exchange, NairaEx announced a 1,000 giveaway. It encouraged readers to check the jackpot tab for more details on the giveaway. NairaEx Announces Giveaway In these times of great uncertainty for many of the world’s economies, contributions by those with more
Bitcoin
After scaling its previous price record less than a week ago, the now 6th placed cryptocurrency by market cap - Chainlink (LINK) has surged to another milestone high this weekend to reach a price of $14.35. The decentralized oracle altcoin has been one of the best performers since the
Bitcoin
The Central Bank of Philippines - Bagko Sentral ng Pilipinas (BSP) is weighing the feasibility of issuing its own national digital currency. According to reports by Bloomberg, the country's apex bank has set up a committee to study digital currencies and policies surrounding CBDC issuance. The committee is
Bitcoin
Bitcoin has held over $10,000 for nearly two weeks. On July 27, the price of the cryptocurrency shot past $10,000 and has been making a steady climb in value ever since. Meanwhile, derivatives indicators from Bitcoin futures and options trading remain strong despite the $1 billion in liquidations