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
Blockchain
The Central Bank of Brazil - Banco Central do Brazil has begun groundwork on a Central Bank Digital Currency (CBDC) as revealed in an official announcement inaugurating a dedicated group set to study the crypto industry. According to the notice, the Central Bank has selected a team of 12 members
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
Snappa - a Canada-based graphics software firm has joined the herd of companies who are moving their cash holdings into Bitcoin. Announced on Monday, the startup says it is converting a significant amount of its cash reserves into Bitcoin (BTC); citing concerns over the global inflation and economic certainty as
Education & News
Ethereum software technology company, ConsenSys has acquired Quorum, the blockchain baby of the investment bank, J.P. Morgan. The acquisition of the bank’s open source project, Quorum was revealed on 25 August 2020. ConsenSys' Strategic Investment with Quorum ConsenSys is now maintaining J.P. Morgan’s open-source blockchain
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.
Bitcoin
Yearn.Finance governance token - YFI is currently trading at a price higher than Bitcoin (BTC) after it spiked to about $16,600 last week before correcting to current price of $13,371 at time of publication. The cryptocurrency token's price increase is basically attributed to the hype
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
A report by Chainalysis reveals that over $50 billion in cryptocurrency has been transferred from wallets in China to other parts of the world over the last year. The transfers out of China may be caused by Chinese citizens using cryptocurrency to transfer their money out of the nation where