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Market analysis has shown that Bitcoin is currently trading around $23,000 as the demand to sell is beginning to build among investors. This comes as the U.S. central bank has increased interest rates more than expected. The biggest cryptocurrency by market capitalization traded at $23,480 during the
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The past year was quite eventful for the cryptocurrency industry. The events were the crypto winter, the numerous hacks, and notably, the collapse of leading crypto exchanges. The year started with the decline of crypto prices from their all-time highs recorded between October and November 2021. By the end of
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In Nigeria, Bitcoin is now a big deal as many rely on it for global remittance. Nigeria is currently one of the leading countries in Africa in terms of Bitcoin. Being new, Nigerians don’t want to miss out on this technology. According to reports, over 33.4 million Nigerians
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Over the last decade, the popularity of Bitcoin has increased greatly. With more usage comes the blockchain trilemma. The trilemma is the idea that it’s difficult for three properties of the blockchain to be achieved simultaneously. These properties are scalability, security, and fees. To this end, the Bitcoin lightning
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As the technology industry advances, we’ve seen the development of several cryptocurrency-related projects such as decentralized finance, non-fungible tokens, Web 3.0, and several others. Currently, Artificial intelligence seems to be leading the way. While this happens, the major question in the minds of the teeming crypto enthusiasts is
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Bitcoin is a digital currency that is secured by cryptographic algorithms and serves as a means of exchange. Unlike cash which can be stored in vaults and physical wallets, Bitcoin can only be stored in digital wallets. In this article, we’ll see what Bitcoin wallets are, their features, and
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Since the release of its whitepaper in 2008, Bitcoin has become increasingly popular. In Nigeria, crypto is gradually becoming a dominant force as 33.4 million Nigerians own crypto. This means there will be a constant need to convert Bitcoin to naira. There are several ways bitcoin can be converted
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Have you ever wondered where the blocks that form the Bitcoin blockchain (chain of blocks) come from? The blocks are formed through the process of Bitcoin mining. The blockchain is a public ledger and the mining process involves the creation of valid blocks containing records of Bitcoin transactions. Mining aims
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Bitcoin scams have become an issue in the crypto industry, leading to the loss of huge sums. In 2022, the crypto industry recorded some of the biggest crypto scams. Protocols affected include the Ronin Network, Axie Infinity, Harmony Network, and Li Finance. This article explores crypto scams, and how to
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Since the release of the Bitcoin whitepaper in 2008, the crypto cryptocurrency is gradually becoming a household word around the world. The coin is now being used as a means of investment in several countries, including Nigeria. In November 2021, Bitcoin achieved its all-time high price of $68,000. Despite
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The subsidiary of bankrupt FTX protocol in Japan has said its customers will be able to withdraw deposits of crypto and fiat currency tomorrow. According to the report, the withdrawal process will be facilitated through Liquid Japan, a crypto trading platform purchased by FTX last spring. The company’s announcement
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Crypto exchange Binance US transferred $400 million from its platform to a trading firm managed by Binance CEO Changpeng Zhao, a Reuters report today claims, citing documents. The cash was moved in the first three months of 2021 from the US affiliate's account at Silvergate Bank to Merit