Nigeria Government make U-turn on cryptocurrency ban
An officer from Nigeria’s reiterated that cryptocurrency trading is not prohibited. Banks are not allowed to work with crypto companies, however. The Governor of the Central Bank of Nigeria, Godwin Emefiele, has reportedly made clear the highest monetary authority’s position on the use of cryptocurrencies for domestic banking exchanges. Today, Adamu Lamtek, deputy head of […]
Solution has been provided to lack of transparency problem in social trading.
For some time now, social trade has been one of the solutions to cryptotraders’ newcomers.Dealers are interested due to the rising price and eager to invest in cryptography, other than buying low and selling heavily but the issues of transparency. Trade is however more complicated and calls for patience, discipline and sound strategy. Tons of […]
BTC rises to 3rd Largest Currency in the world as Turks seek bitcoin to replace falling Lira.
Bitcoin (BTC) has proven itself time and time again to be the world’s greatest rescuer of inefficient fiat structures and government agencies. In the last week Turkish Lira sunk 14 percent more against the US Dollar, leading Turks to look for Bitcoin (BTC) to secure their money. Last weekend, Google Bitcoin (BTC) searches in Turkey […]
Can bitcoin provide solution to ASX investors worries?
Fears of inflation were long gone as the returns of world standards have increased to pre pandemic levels, such as ten-year US Treasury notes. ASX investors have a key interest rate-based concern about inflation. If inflation goes too much above the target rate (or the US Fed’s target in the United States) of the Reserve […]
Bitcoin /USD at risk of dropping below $54,000
BTC/USD remain lower than the 9-day and 21-day averages after another failure to clear the $60,000 resistance. If bulls cannot drive the Bitcoin price higher than the moving averages, this will begin another new decline. The BTC price breaks the $57,000 support level at the opening of today’s trade, so as to move into a […]