Africa
While institutions and financial players globally are working on digital currency initiatives and expanding services to cryptocurrency startups; Nigerian banks have maintained a rigid stance with regards to cryptocurrency, and seem very uninterested in learning or partnering with Bitcoin or crypto-related exchanges. This current unfriendly relationship could be first attributed
Bitcoin
About 9-months into 2020, Bitcoin (BTC) has produced an ROI of 48.7% since the start of the year, outperforming other assets and investments like gold, the S&P 500 index, NASDAQ Composite Index, the US Dollar Index, and the Crude Oil WTI. Bitcoin (BTC) - the number one
Bitcoin
The United States Office of the Comptroller of the Currency (OCC) has published a letter clarifying that national banks and federal savings associations can now hold reserve funds for stablecoin issuers in the country. Stablecoins refer to cryptocurrencies pegged to another asset such as a commodity or fiat currency like
Africa
The Bitcoin ATM industry reached a milestone as the number of machines installed globally surpassed 10,000. This feat comes seven (7) years after the first ever Bitcoin (BTC) ATM was installed. At this time, there are now a total of 10,162 machines spread across 71 countries. Giving a
Bitcoin
The European Union (EU) will introduce a new set of rules within the next four years to promote quicker and cheaper cross-border payments through the use of blockchain technology and cryptocurrency. This development was revealed in two (2) documents by the European Commission where it sets out its strategy to
Education & News
The Non-fungible token market continues to grow at strikingly high rates as a Bitcoin-influenced digital artwork sells for a record 262 ether ($101,100). The digital artwork has many unique features, including changing with the price of Bitcoin. Bitcoin Art Sells for $101,000 Each day, a new composition for
Bitcoin
MicroStrategy - a Nasdaq listed billion-dollar company has made its second bitcoin purchase, just weeks after first buying 21,000 BTC for $250 million. Announced by the company's CEO Michael Saylor, the business intelligence firm has bought an additional 16,796 bitcoins bringing the total value of its
Bitcoin
According to an official announcement, Kraken - a United States based cryptocurrency exchange has obtained SPDI approval to create America's first crypto bank set to serve clients from 49 states. Reports say Kraken received a unanimous vote by the Banking Board of Wyoming - a U.S. state
Africa
Nigeria's Securities and Exchange Commission (SEC) in a landmark announcement has officially recognized crypto and digital currency as "securities" under its regulatory authority; as it proposes a new set of rules for crypto-related investments. According to a Sep. 14 statement by SEC Nigeria, the capital market
Bitcoin
Twitter CEO - Jack Dorsey who is a known supporter of Bitcoin, has once again reiterated his support for the digital currency and blockchain industry. Speaking at a recent interview with Reuters, Dorsey remarked that despite the speedy developments across various digital assets, Bitcoin (BTC) remains a pioneer currency which
Bitcoin
As the 2020/2021 English Premier league season kicks off this September, football lovers will be having a feel of the Bitcoin logo again courtesy of a new partnership between Southampton FC and cryptocurrency-based sports betting company Sportsbet.io. The one year deal will see Sportsbet.io become the main
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