Home / Business (page 4)

Business

Chinese tech giant Bitmain Produces Ethash ASIC Miner

Chinese tech giant Bitmain announced that they’re releasing an Ethash ASIC miner, in accordance with a tweet April 3. In the tweet, Bitmain says that the Antminer E3 would be the “world’s most effective and efficient EtHash ASIC miner.” The ...

Read More »
Ajaokuta steel company

Reps pass bill to give Ajaokuta plant Mill ₦360bn lifeline

– The House of Representatives has passed a bill for the withdrawal of $1 billion (N360bn) from the excess crude account for the completion of the Ajaokuta steel mill project – The steel plant was also removed from the list ...

Read More »
NDIC

Nigerian Regulator (NDIC) Warns Against Crypto Transactions Since They’re ‘Not Insured’

Nigerians have been warned by the Nigeria Deposit Insurance Corporation (NDIC) against the use of cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as legitimate currency, local news outlet Business Post Nigeria reported yesterday, March 23. Business Post Nigeria notes that ...

Read More »
akaokuta steel industry

Reps give lead to submission of memorandum on Ajaokuta steel

The House of Representatives on Friday urged Kayode Fayemi, Minister of Mines and Steel and all concerned Nigerians to channel all their submissions to the Adhoc Committee on Ajaokuta Steel company Limited. Abdulrazak Namdas, Chairman, House Committee on Media and ...

Read More »
bitcoins in nigeria

Bitcoin Price Hit 2018 Lows Because Of ₦145 BLN ($400 mln) Mt.Gox Sell-Off: Reports

Bitcoin prices fell only ₦2.1Mln ($6000) in 2018 as a result of Mt.Gox trustee “panicking” and selling ₦145 BLN ($400) mln worth of bitcoins (BTC), reports suggest this week. As multiple news outlets reported from March 7, Nobuaki Kobayashi has ...

Read More »
russia iran turkey

Turkey, Iran follow Venezuela’s Petro footsteps, Set To launch State-Backed Cryptocurrencies

  The governments of Turkey and Iran are  considering developing their very own government-backed digital currencies, following on the heels of the Feb. 20 pre-sale of Venezuela’s national oil-backed Petro coin. Feb. 21,  following the Petro’s launch, Iran’s Ministry of Information ...

Read More »
petro

The Venezuelan “Petro” – Towards a New World Reserve Currency?

by Peter Koenig Imagine an international currency backed by energy? By a raw material that the entire world needs, not gold – which has hardly any productive use, but whose value is mostly speculative – not hot air like the US ...

Read More »
Bitcoin Will Hit ₦14.6 Mln ($40,000,) 90% Of Altcoins Will Fail - Bitcoin Foundation’s Llew Claasen

Bitcoin Will Hit ₦14.6 Mln ($40,000,) 90% Of Altcoins Will Fail – Bitcoin Foundation’s Llew Claasen

 The executive director of the Bitcoin Foundation Llew Claasen predicted that the buying price of Bitcoin will hit $40,000 by the conclusion of 2018, while 90% of other cryptocurrency projects will fail, Business Insider reported Feb. 15. As Claasen stated ...

Read More »
petro

What is Venezuela’s Petro? It’s socialism to bitcoin’s rescue

by Ramin Mazaheri The simplest way to answer that question is: The Petro is a bond sale for foreign investors, with the proceeds going to pay the infrastructure costs required to implement the first-ever mass national adoption of crypto-currency. Now that ...

Read More »
cheap flight

Top 5 Secrets For Finding The Cheapest Airfare

If you’re travelling tomorrow and you start looking for cheap airfare today, your chances of finding a great deal will decrease rather dramatically. Thus, the earlier you start looking, the better. To pay low airfare prices, Jumia Travel, the leading ...

Read More »