Bitcoin
With the Bitcoin halving fast approaching, more European miners are trying to prepare for a sharp rise in costs of producing Bitcoin. While the cryptocurrency has reacted positively to the event, miners have their hands full as they strategize for the times to come. European Miners in the Dark With
Bitcoin
An early Bitcoin miner is set to invest $66 million worth of Bitcoin in a new fund of funds. It aims to invest in quantitative trading funds with strategies based on arbitrage, bitcoin futures contracts, and trend analysis. Increasing Holdings of Bitcoin With its sights set on increasing its holdings
Africa
For the first time in 36 months, Nigeria’s currency plunged to its lowest level against the American dollar. Falling oil prices and poor liquidity in OTC spot and black markets were among the main factors behind the slide in the value of the naira. While the naira falls, Bitcoin
Bitcoin
According to a report by a Fidelity Bank account owner and Bitcoin trader, Fidelity Bank locked him out of his account and took 5,907,850 million Naira of his money. Fidelity Bank Debits Bitcoin Trader Nwadiogbu made several tweets asserting that Fidelity Bank took his money and locked him
Bitcoin
Warren Buffet expert Preston Pysh suggests that Bitcoin could hit $300,000 after the halving event. During an interview, the Buffett’s Books founder said its price is going to rise to between $200,000 to $300,000. $300,000 Bitcoin for Warren Buffet Expert According to Pysh, “I would
Bitcoin
Across the world, these are trying times for many businesses and individuals. The coronavirus pandemic has led to a lock-down of many sources of income especially those that require physical contact to exchange goods and services. While these are trying times, one can choose to leverage on a number of
Bitcoin
Deutsche Bank researchers predict that central banks will begin to use digital cash in the future as the economic consequences of the coronavirus grow. Deutsche Bank Researchers on Digital Cash Germany’s largest bank tweeted an image of a Bitcoin symbol connected to national currencies, including the euro, yen, British
Africa
Nigerian Stock Exchange has felt the burn of the oil price wars as it records its worst losses since the 37% drop of market value in March 2009. It lost market capitalization of N1.87 trillion in Q1,2020. Deep Losses for Nigerian Stock Exchange and Oil Industry In March
Bitcoin
Worried by the COVID-19 and drops of oil prices, banks across Nigeria have chosen to reduce the amount of foreign currency their customers spend abroad. Central Bank Changes Exchange Rate Guaranty Trust Bank Plc is among the banks reducing the money spent by customers internationally. The bank lowered the maximum
Bitcoin
The number of bitcoin wallets with at least 1 bitcoin has reached 788,755, according to Glassnode Studio.This could suggest that most bitcoin investors are either holding more of the cryptocurrency or that more investors are entering the market. Discounts for Owners of Bitcoin Wallets Experts suggest that the
Education & News
Santander and Ripple are launching a blockchain-powered payment service in Mexico which could increase the on-demand liquidity for the digital currency. Santander and Ripple Take on Mexico Santander, with $1.74 trillion in assets under management, is planning to launch its Ripple-powered application in Mexico. One Pay FX is set
Education & News
Italian bank, Banca Sella announces the launch of an online Bitcoin trading service. Beta testing is set to take place over the coming days. Old Italian Bank Pushes for Bitcoin Trading services will be made available on the bank’s Hype platform, which will allow for users to send Bitcoin