Business

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 ...

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 ...

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 ...

  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 ...

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 ...

 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 ...

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 ...

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 ...

In September 2017, China banned both ICOs and cryptocurrency exchanges. Some of these businesses responding by relocating off the mainland to Hong Kong. Now, Sina reports, Chinese government plans to mitigate that by banning domestic and foreign “virtual currency exchange ...

Following a volatile beginning of the  new year, the crypto markets are again falling throughout the board. The vast majority of the very best twenty coins on CoinMarketCap have been in the red on Monday, Jan. 22, with the largest loss around ...