On Monday, November 20, 2023, another crypto exchange bit the dust, following an announcement by Bittrex Global that effective Monday, December 4, 2023, all trading activity on its exchange will be disabled. The collapse of Bittrex Global, one of the global crypto exchanges, adds to the list of over 60 exchanges that ceased crypto-related operations in 2023. Effective Monday 4 … Read more
The first time I heard about a bike that could mine Bitcoin as the rider pedal was in 2018. That was when 50cycles, a U.K.-based company unveiled a crypto mining electric bicycle. That’s when I know that the future of sustainable Crypto mining is here. I knew that 50cycles foray into using bicycles to mine Bitcoin … Read more
The fact that financial regulators around the world have yet to solidify their stances on crypto lending makes crypto lending risky. Other risks associated with it include volatility, security risks, interest rate fluctuations, and lack of insurance. We will explain all the challenges of using crypto lending both for the lenders and borrowers. Challenges of Crypto … Read more
What is Crypto Lending? Crypto lending refers to the practice of lending cryptocurrency assets to earn interest. It operates within centralized finance (CeFi) or decentralized finance (DeFi) platforms. Takeaways: Types of Crypto Lending Centralized Platforms: Platforms like BlockFi, Celsius Network, and Nexo are centralized entities that offer crypto loans, usually with a more user-friendly experience and customer … Read more
If you’ve been following how some countries such as Qatar, Egypt, China, and Nigeria clamped down on cryptocurrency, you might be forced to ask: Does digital assets really hurt their economy? Here is the summary of what this article will cover: And of course, the goal of this article isn’t to demonize cryptocurrencies, but to … Read more
The benefits of cryptocurrency on an economy include enhancing financial inclusion, being more cost-efficient for transactions and driving economic growth among others. This post explores the positive side of Bitcoin and other Crypto assets in our lives and how it can boost economic growth. The debate around Cryptocurrency Some analysts who criticized the popularity of … Read more
There are more than 30 exchanges to buy Orchid coins, they include Kraken, Binance, Bithumb, KuCoin, Coinlist Pro, Gemini, Coinbase Exchange, Upbit, Binance U.S, Bitget, Kriptomat, Bittrex, Uphold, CoinEx, OKX, Gate.io, Tapbit, and Huobi among other. There are 1,000,000,000 (1 billion) units of Orchid (OXT) in supply. And there are over 35 exchanges where you can buy the Orchid … Read more
There is a shift in the way we see investment with the coming on board of digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, and other cryptocurrencies. Backed to blockchain, cryptocurrency has triggered a new wave of investment opportunities that are not only lucrative but also challenging to navigate. While you might want to explore this … Read more
One major topic that has dominated discussions in the real estate sector is the possibility of deploying blockchain to manage property documents and titles. It isn’t just in real estate, the new technology has been deployed in healthcare, judiciary, and cyber security because of its efficiency and transparency. In this article, we will take a … Read more
Introduction As cryptocurrencies continue to gain widespread adoption across the world, the landscape is becoming more appealing for more investors and traders to join the bandwagon on a daily basis, including Nigerian traders and investors. Being the giant of Africa in terms of land mass, economy size, as well as population, cryptocurrency investment is undoubtedly … Read more