No one takes China’s cryptocurrency ban seriously anymore. In less than 10 years, the country has a history of five bans. It doesn’t look like its September 24 decision was the final because there are some platforms that enable transactions with little or no restrictions. Unlike 2013 when bitcoin experienced a massive tumble after authorities … Read more
One of the cardinal reasons why peer-to-peer exchange (P2P) came into place is go give everyone the freedom to buy and sell cryptocurrency by removing the limitation that might have been put place by the government authorities. As if the brain behind P2P had seen the future or possibly what might come from the government, … Read more
Nigerians have traded at $8,761,051BTC on two major Peer-to-Peer (P2P) platforms LocalBitcoins and Paxful even as the Central Bank of Nigeria continues to block financial institutions from facilitating all transactions involving bitcoin and other cryptocurrencies. At the time of this report, 1BTC was N25,300,491.36 on Paxful and $48,960.56 on coinmarketcap. While Helsinki-based peer-to-peer bitcoin marketplace … Read more
Residents of the United Kingdom can now buy and sell cryptocurrencies starting this week, a press release by the global payment platform said Monday, August 23, 2021 The announcement is the first international expansion of PayPal’s cryptocurrencies services following the launching of the same system in the United States early this year. With over 403 million active accounts globally, the California-based … Read more
There are several platforms where you can conveniently exchange gift cards for Bitcoin or your local currency. Some of them include Bidali and Crypto Voucher, among others. During the ember months, you may receive gift cards for shopping from a relative or business partner. When they send you gift cards, how do you convert them … Read more
Users of CoinJar can now make purchases with crypto MasterCard across Australia, the longest cryptocurrency exchange in the country said in an official message on Tuesday, August 3, 2021 To make it easier for its users to order the card, the firm has also embedded a button within its crypto app which users can simply … Read more
The International Monetary Fund (IMF) said it is too early to make cryptocurrencies like bitcoin, ethereum, and bitcoincash among others a legal tender. For instance, BTC price broke above $50,000 for the first time in history on Tuesday, February 16, 2021, a price it couldn’t sustain due to its volatility. A report which was published … Read more
On Thursday, May 11, 2022, Nigeria’s Securities and Exchange Commission (SEC) released a new rule book on digital assets. The book detailed some of the registration requirements for cryptocurrency exchanges in Nigeria. This means that crypto-based companies will now have to be certified by the regulatory body. It is the first official rule book from … Read more
Crypto in 2019 isn’t what it is today. There are many efforts that have been put in place by the earliest users of Bitcoin. Some of such efforts are by making it possible for people to earn free coins for carrying out a few tasks on a platform and by creating free learning resources for … Read more
There are some platforms where buyers and sellers of cryptocurrency meet to complete trades, they are called Peer-To-Peer (P2P). As we write, crypto enthusiasts in Nigeria can no longer fund their crypto wallets through their bank accounts. But there is good news. Continuous use of an account to fund cryptocurrency-related activities may lead to a … Read more
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