PayPal announcement today that its U.S residents can buy cryptocurrencies directly within the payment platform sends a big signal to the crypto world about the acceleration of adoption of the digital coin.
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.
Unlike China, Sweden, and Canada, Australia says Central bank Digital Currency (CBDC) is necessary right now, says Reserve Bank, whether the country would consider it in future remains an unanswered question among cryptocurrency enthusiasts.
- Cryptocurrency issuers will now be required to register their digital assets with the Securities and Exchange Commission (SEC)
- Nigeria will now regulate all Digital Assets Token Offerings (DATO), Initial Coin Offerings, Security Token ICOs , and other Blockchain-based offers
After several years of ban and warnings to Nigerians not to indulge in cryptocurrency-based businesses, Nigeria’s capital market and investment regulator, Securities and Exchange Commission (SEC), has agreed to adequately regulate the activities of the digital currencies in the country.
- Tom Emmer to accept campaign donations in cryptocurrencies
“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
- Andreas Antonopoulos claims that the 10BTC was to show that ERC20 Token isn’t a scam
- I’ve been offered 10BTC to do an interview about HEX to show that it is not a scam, he claims in a tweet
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.
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
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.
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 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.
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?