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Nigerians have been warned away from crypto by a member of a gov’t-linked regulatory body, since they’re not backed by a “physical commodity”. #NEWS
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Nigerians are trading close to $4 million worth of bitcoin a week on 13 local exchanges, despite multiple warnings by authorities against investing in cryptocurrencies. Experts have called on the government to rethink its position and adopt smart regulations, “allowing innovation to move forward”. Regulators need to understand how it works before applying bans, analysts […]
The post Nigerians Trade $4 Million in Bitcoin Weekly, despite Warnings appeared first on Bitcoin News.
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Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]
The post Venezuela Invites OPEC Countries to Jointly Develop Oil-Backed Crypto Platform appeared first on Bitcoin News.
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Nigeria is known to have one of the biggest and fastest growing bitcoin markets in the whole of Africa. The authorities in the country have apparently caught wind of this and now want to examine the phenomena and decide what they can try and do about it. Also Read: Bitcoin Tax Reporting Software Developer Node40 […]
The post Senate of Nigeria Launches Probe of Bitcoin Trading in the Country appeared first on Bitcoin News.
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Despite the warnings of the Israeli regulator that it won’t tolerate bitcoin to get somehow backdoor listed on the Tel Aviv Stock Exchange, public companies keep pivoting into the field. The latest example is a firm that focused on oil refineries until now. All of a sudden it announced plans to sell bitcoin ATMs to casinos […]
The post Oil Company Wants to Sell Bitcoin ATMs to Casinos, Stock Jumps 60% appeared first on Bitcoin News.
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According to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium. […]
The post Bitcoin Adoption Continues to Thrive Within Africa’s Borders appeared first on Bitcoin News.
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In Nigeria, it can take $19,400 and two months to incorporate a private company. Whereas in Canada, it costs CAD$200 and takes 24 hours. How can Blockchain help young entrepreneurs in emerging markets?
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Nigeria has witnessed a recent spike in bitcoin adoption, with the P2P markets setting a new record for trading volume thus far during the week of the 16th of December. Nigeria comprises the most recent African nation to experience a spike in cryptocurrency adoption, with Zimbabwe’s bitcoin prices having been among the highest worldwide for a […]
The post Nigeria Experiences Spike in Bitcoin Adoption appeared first on Bitcoin News.
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This week bitcoin surpassed $19,000 on global exchanges, with the exception of one continent – Africa. Customers of the world’s second largest and second most populous continent were already paying that much per coin back in November. Prices at Africa’s Golix.com exchange have been 40% higher than the rest of the word for months. Now […]
The post Bitcoin is Trading at a 40% Premium in Africa – Here’s Why appeared first on Bitcoin News.
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