The furore over the ban on the use of bank account to fund cryptocurrency trading activities isn’t over. As we write some bank accounts have been banned for using their accounts to fund or receive bitcoin payment. You may be wondering how can ban detect if you’ve used your bank account for trading in cryptocurrency. … Read more
One of the major cryptocurrency platforms operating in Nigeria BuyCoins Africa has disclosed that it’s working on how to introduce a new deposit option in BuyCoins wallet. The announcement was made by the company’s Chief Executive Office Timi Ajiboye in a communique sent to InfomediaNG. This followed the directive of the Central Bank of Nigeria … Read more
Major cryptocurrency trading platforms like Binance, Luno, BuyCoins Africa, YellowCard, Quidax, and others have suspended naira deposits. This followed the directive of the Central Bank of Nigeria that financial institutions should not provide crypto companies or users with the services any longer. Although, the apex bank will be launching its own digital currency called eNaira … Read more
The Bitcoin price (BTC) has finally surpassed its $20K benchmark for 2020, trading at $22,753 (N10,881,625) at the time of this report, that the highest price in history. The most valuable digital asset made the $22K, gaining 16.76% in the last 24 hours. However, crypto analysts are forecasting short-term trends. Massive price swings are becoming … Read more
In 2020, a friend called my attention to pinkoin, a digital asset by InksNation which claims to reduce poverty in the World by allocating coins to every member of its community. In this post, I’m not going to delve into how it plans to pay a member (who joins with N1,000) a lifetime of N120, … Read more
It seems online advertising can no longer depend on Google’s Adsense for cryptocurrency ads as Ethereum launched a platform for advertisers to reach millions of crypto enthusiasts around the World. The new plugin EthereumAds will allow WordPress publishers to receive ad earnings directly into their Ether (ETH) wallets, an official statement by WordPress said. EthereumAds … Read more
The trouble isn’t over for Facebook’s Libra Foundation even as it changed its crypto name to Diem. It is facing legal action over the new name. A UK-based FinTech firm Diem is laying claim to the name. This is coming a few hours after the German authority faulted Facebook’s Libra to Diem name change. A London … Read more
German finance minister Olaf Scholz stated that his government isn’t impressed by Facebook’s stablecoin name change from Libra to Diem, describing it as, “A wolf in sheep’s clothing is still a wolf.” Libra Association had announced name change December 1, 2020, to allays the fear of potential investors of regulatory uproar against the project. It also … Read more
President-elect Joseph R. Biden will use cryptocurrency as an infrastructural change in a way to make America more competitive when he assumes office next year. Biden is expected to be sworn in as the 46th president of the United States on Jan. 20, 2021 at an outdoor inauguration ceremony. He defeated the incumbent Donald Trump … Read more
This updated list of the best sites to buy and sell bitcoin in Nigeria is aimed at guiding you whenever you want to safely exchange your bitcoin and other digital assets to naira at the best price. Update: This list has been pruned to 15 due to the unavailability of some domains or some of … Read more