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.
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.
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.
Amazon is adopting a blockchain technology which is Ethereum-based cloud platform called Kaleido for its Amazon Web Services, which will assist customers to do things faster.
Kenya’s Capital Markets Authority (CMA) is proposing the creation of a special unit to handle ICOs and cryptocurrency related issues.
CMA Chief Executive Paul Muthaura said the unit would include all relevant regulators in the financial market in the country.
Co-President of JPMorgan Chase Jerry Pinto knows that ‘cryptocurrencies are real, but he wants them really evolve to become a viable financial products.
Facebook has resumed cryptocurrency-related Ads after four months of ban. It initially banned crypto ads amid fears of fraudulent activities allegedly being perpetrated via such promotions.
Blockchain technology in United Arab Emirate (UAE) is getting a strong backing just as the country’s government declared during the launch of “UAE Blockchain Strategy 2021.”
Two major payments partner of Coinbase, Visa and Worldpay have accepted responsibility for overcharging Coinbase customers.
In one of our posts yesterday, we reported that Coinbase customers took to reddit and other social media channels to complain about huge charges they incurred buying cryptocurrency on Coinbase.
Credit card and cash processing giant Visa is rebuffing the allegation that it’s responsible for overcharging cryptocurrency traders on Coinbase.
“Visa has not made any systems changes that would result in the duplicate transactions cardholders are reporting. We are also not aware of any other merchants who are experiencing this issue.
Samsung, owner of one of the world’s largest semiconductor manufacturing plants, has started manufacturing ASIC chips for Bitcoin mining, reports say.
Japanese messaging app giant, LINE, has announced its plan to launch its own cryptocurrency exchange firm.
Last week, more capital firms queued to partner with another giant messaging app, Telegram, in the sales of its ICOs, which is expected to launch in the market soon.
As you already know, BitConnect has stopped their Lending and Exchange Service, and they’ve already converted the people’s outstanding loans into BCC Coins.
Securing your cryptocurrency wallet from authorized access from others should be a top priority to stay protected just as the adoption for cryptocurrencies continues to grow around the world.