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
There are 195 independent countries in the World, 54 of them are in Africa. Here is the list of 54 sovereign countries in Africa in alphabetical order: A: Two African countries start with the letter A, they are: B: Four countries in Africa begin with the letter B: C: There are six African countries that … 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 Does Commodification of Cassava mean? The commodification of cassava refers to the process by which cassava is transformed from a simple agricultural product into a standardized commodity that can be traded in the market, often on a large scale to boost the revenue of a country. Takeaways: Commodification of cassava can involve processes like: … Read more
Olayemi Cardoso, the new CBN Governor said there is need to restore the independence and credibility of the Nigeria’s apex bank. He said this Tuesday during his screening by Senate in Abuja. “In refocusing CBN to its core mandate, there is need to pull the CBN back from direct development finance interventions into more limited … 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
The main purpose of crypto loans and traditional loans is to provide borrowers with access to funds, but they differ in terms of collateral, interest rates, credit checks, loan terms, access, and approval. This article explores crypto lending vs traditional banking lending, looking at what sets them apart such as: What Are Crypto Loans? Crypto … 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
Has Tinubu returned fuel subsidy? In the month of August 2023, President Bola Tinubu-led government paid $220 million or N169,556,200,000 (at N770.71/$ rate) as subsidy payment to fix petrol price at N617 per litre, a document by Federal Account Allocation Committee (FAAC), has revealed. What does this mean? Technically, it means that fuel subsidy is back through … Read more
For the first time in the history of Nigeria, the Naira may cross over N1,000 to the US dollar by the end of September, if the pressure on the Nigerian currency continues the way it has been for the past four days. On September 18, $/N closed at N965 while € and £ closed at … Read more