Tunde Opalana and Kamarudeen Ogundele, Abuja The Senate on Thursday summoned the Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele and Director General of Securities and Exchange Commission (SEC), Lamido Yuguda, over the ban on cryptocurrency. The CBN while explaining why it banned cryptocurrency-related transactions in the country, had claimed the digital […]
The initiation of the cryptocurrency market had begun its journey in the year of 2009. However, up until 2017, during the year of BTC bubble, it did not really captivate the attention of the general public. Instead, it was only restricted in the diameter of the entrepreneurs, engineers, and developers. However, as mentioned before, the […]
MOTOLANI OSENI No fewer than eight countries across the world including Nigeria have banned crypto trading. Cryptocurrency is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Just recently, the Central Bank of Nigeria (CBN), had directed all Deposit Money […]
The ongoing global pandemic has led the business sector to finally accept the importance of cryptocurrencies and online payment gateways. When everybody was turning their heads to nonphysical and digital payment systems the awareness campaigns about cryptocurrencies gained a lot of attention. It resulted in people getting more serious about cryptocurrency and trusting in platforms […]
The noteworthy increment within the utilize of cryptocurrency in Nigeria is anticipated to have a positive effect on the development of the advanced economy. The critical number of Nigerians and new companies are rapidly adjusting to seemingly the foremost troublesome innovation ever designed. It isn’t so troublesome to form a alter to ended up wealthier; […]
Cryptocurrency’s panorama stays on a constant revolution. Similar digital currencies like bitcoins are being inaugurated, expanding the landscape. But with these quick multiplications within the cryptocurrency system, associated risks are also increasing, causing problems for both the traders and investors. Traditional bitcoins focused mainly on the privacy of the user. And in 2014: dark coins […]
With Coinbox.org, users can now generate passive income – just by keeping cryptocurrencies in a special wallet. This new feature offered by Coinbox.orgis called staking. It can be a great way for hodlers to increase their cryptocurrency assets easily and effortlessly. Staking networks use Proof of Stake as their consensus algorithm. To better understand what […]
While having a look at the global arena and the transformation that is daily taking place. It’s highly crucial and even important to have look at the new normal. In this regard, the concept of cryptocurrency emerged as the global scenario in wake of the global financial crisis back in 2008. As people in order […]
Since the creation of Bitcoin in 2009, many faultfinders have censured cryptocurrencies as extortion or through and through bubbles. More nuanced opinions have contended that such monetary standards are as they were there to bolster installments for illicit exercises or simply waste assets. Advocates point out, based on cryptographic standards to ensure security. These unused monetary […]
Ladesope Ladelokun with Agency report Not less $1 billion will be spent in Bitcoin in illegal online marketplaces this year, according to a report by Chainalysis. While the crypto community is excited about the possibility of wide adoption of Bitcoin, criminals have embarked on ceaseless spending of their coins on the dark web for buying […]
Bitcoin is a type of cryptocurrency in which balances are kept using public and private “keys,” which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them. The public key, similar to a bank account number, serves as the address which is published to the world […]