On this page, “Cryptocurrency blog Nigeria” we’ll give you some of the opportunities in the digital asset.
How you can safely tap into the many opportunities in crypto. And what you should do to avoid scam.
“Increasingly more use of crypto for politically motivated purposes will push crypto acceptance and adaption by the masses – and the political field. Great development,” a cryptocurrency investment platform Crypto Mastermind tweeted Thursday, August 20, 2020
A cryptocurrency advocate Andreas Antonopoulos has spoken on how Hex Team offered a bribe of 10 bitcoin for him to promote their token for an interview. In the current price index, 10BTC is $117,637.61 US dollar
Four top biggest financial institutions in South Korea Shinhan, Woori, NH Nonghyup and Kookmin banks have announced their plan to introduce cryptocurrency-assets services to their customers.
The four banks according to report hold a combined value of more than 1.2 trillion US dollars in assets.
Report says over 1, 000 locations are now accepting cryptocurrencies in Slovenia as the adoption of digital assets continue to soar in the country.
Some of the service providers now accepting cryptocurrency payments include hotels, cafes, restaurants, dentists, hair salons and hundreds of others
Authority in Kenya has introduced Digital Service Tax payable for by those who derive income from services through cryptocurrency market place.
In a tweet, the Kenya Revenue Authority (KRA) says, “Introduction of Digital Service Tax (DST) Payable by a person who derives or accrues income from services through a digital market place at the rate of 1.5% of the gross transaction value.”
From Switzerland is the report that Basler Kantonal Bank (BKB), is planning to launch cryptocurrency services.
BKB is Switzerland’s eighth-largest bank with total assets of approximately $49 billion.
Today, Tuesday, August 4, 2020, another cryptocurrency news came out of India as information from the country says cryptocurrency bill has been forwarded to the relevant ministry to look into the legal framework.
The much-anticipated ethereum 2.0 Medalla testnet has been launched, according to the Ethereum Foundation in a video clip posted on its official YouTube Channel on Tuesday, August 4, 2020
Medalla is the final testnet before the launch of the Eth 2.0 network, which is tentatively expected by year’s end, Ethereum Foundation’s Hudson Jameson said in several tweets.
Anthony Sassano and Kelvin Koh are some of the cryptocurrency analysts who are excited by the recent surge in the value of ethereum as more than 90% of ETH’s circulating supply is now in profit.
According to Research and analytics firm Glassnode, the crypto world witnessed this kind of ETH surge in profit in early 2018, that was when the price of the cryptocurrency was $925.
Fork of Bitcoin, Bitcoin Cash is three-year old today and part of the celebration by the world-class gaming platform, a subsidiary of BCH is the launching a leaderboard tournament worth $3k.
On August 1, 2017, Bitcoin Cash was officially launched into the cryptocurrency space and rose to be one of the top five most-valued crypto within three years.
On Friday, Coinbase, a San Francisco-based exchange company announced it’s considering adding 19 additional cryptocurrencies which include Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA and Ampleforth on its exchange platform.
The cryptocurrency market is filled with uncertainty as prices move back and forth, but traders who follow investment advise of experts may not have a huge problem as par loss.
Bitcoin Price and its influence on other coins
Austria-based telecom giant A1 Telekom Austria Group has started accepting cryptocurrencies from its millions of merchants.
Operating in seven countries-Austria, Bulgaria, Croatia, Belarus, Slovenia, North Macedonia, and Serbia-the company disclosed that retailers would receive the purchase price in euros whenever customers pay with cryptocurrencies like bitcoin.
A global payment technology firm Visa has announced that it is working to integrate its 61 million merchants into digital currency platforms.
InfomediaNG gathered that VISA has already approached two licensed and regulated digital currency platforms, Coinbase and Fold to make the integration a reality.
Here is the comprehensive list of crypocurrency abbreviations with other acronyms (jargons) associated with digital asset across the world.
BTC, LTC, ETH, are some of the abbreviation (currency stickers) associated with internet of money (digital currency), but there are also common cryptocurrency jargons (terms) generally used in the crypto market.
Let’s take a look at some of them before we take plunge into the long list of cryptocurrency acronyms.
Cryptocurrency has thousands of investment opportunities you might want to tap into, but how do you minimize losses in the course of your cryprocurency journey?
Check the value of some of the major cryptos when this post was first published:
Bitcoin is worth $12,931.70; ethereum= $1,149.39; bitcoin cash= $1,939.71; ripple= $1.60; dash= $951.62; while bitcoin gold was worth $229.11 at the time of publishing this post (18:57, January 20, 2018).
They continue to rise and fall. At the time of putting this post together, the pioneer cryptocurrency rose in value by 11.64%, while ethereum rose by 9.76% in value. From all indication it means investing in digital money is one of the coolest ways to gain financial freedom, but there are risks because it’s volatile investment.
No one can precisely say which cryptocurrency Nigerians are storing for future gain, but it is obvious that some of them who trade crypto coins are excited to get involved in the most popular ones-bitcoin, ethereum, and litecoin-which are easy to buy and sell.
Has any Nigerian cryptocurrency investor noticed the best time of the day to buy and sell Cryptos like bitcoin, ethereum, litecoin and other coins?
Though no one can specifically say the best time of the day to buy digital currencies, but I’ve noticed in recent time that it’s more favourable to buy bitcoin or ethereum at night in Nigeria.
An Australian-based law firm on behalf of its clients has slammed a multi-billion dollars lawsuit against major social media platforms, Facebook, Twitter, and Google for banning cryptocurrency-related ads on their platforms.
The lawsuit could cost the tech and social media giants $300 billion, claiming that that crypto ads ban has negatively impacted the progress of their business.
The plaintiffs through their lawyers stated that their businesses have been harmed when the three social media giants banned cryptocurrency advertising in 2018.
Recall that all the major social media platforms including Google ban crypto-related ads within days from each other in 2018.
According to ACCC, specifically under Section 45 of the Competition and Consumer Act, Australia prohibits any “arrangements, understandings or concerted practices that have the purpose, effect or likely effect of substantially lessening competition in a market, even if that conduct does not meet the stricter definitions of other anti-competitive conduct such as cartels.”
“A class action will be brought in the federal court of Australia against the social media giants’ Australian subsidiaries and parent companies for breaches of the Australian Competition and Consumer Law,” the Sydney-based law firm quoted.
According to the lawsuit, “The class action will seek damages for worldwide losses of crypto industry members and investors.
“The announcements of the crypto ad ban by the respondents dropped crypto markets by hundreds of billions of dollars. Crypto exchange volumes also dropped by 60-90%.
If the US Army have the way, one thing that makes cryptocurrency anonymous may be defeated. This is because they’ve requested information on web-based crypto tracking tools.
The tools according to report, would enable the U.S. Department of Defense and the U.S. Army to conduct in-depth investigations into the source of crypto transactions and provide multi-currency analysis from bitcoin to other top cryptocurrencies, news.bitcoin reported.
