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The Future Of Money

Why Bitcoin is legal in Nigeria

Nigeria is seventh most populous country, and most populous in Africa. Nigeria also has the largest economy in Africa, with more than $500 billion of nominal gross domestic product. The Word Bank considers Nigeria to be an emerging market and is widely seen as a perspective...

U.S Fed Chair Talks Leveraging an Ethereum-Based Libor Replacement

The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version of Libor, a software...

Bloomberg analysts see Bitcoin hits 28,000 this year spiked by Government Money Printing and Covid-19

Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic...

These are Nigerian Bank Debit Cards You Can Use to Spend Cryptocurrencies in Stores and Online

Options to acquire cryptocurrencies in Nigeria have been growing in number, along with increasing interest in bitcoin. Nigerians are also starting to see more opportunities to spend their coins in brick and mortar stores and at online merchants. Three crypto debit cards are now...

Cryptocurrency and Taxes: What You Need to Know

Kathy Yakal February 26, 2020 7 min read This story originally appeared on PC Mag Cryptocurrency is digital currency, or a “digital representation of value,” as the IRS puts it. You can’t see it, hold it in your hand, or put it in your wallet. It’s been...

Goldman Sachs woo Investors on Bitcoin, Gold and Inflation

Goldman Sachs’ latest client conference call will include a subject that Wall Street has either long derided or shrugged off: Bitcoin. Per an invitation to investors, the investment bank is holding a client call on “US Economic Outlook & “Implications of Current Policies for Inflation,...

Bitcoin rallies as Cryptocurrency exchange explores African expansion

By Loni Prinsloo Luno seeking to enter Kenya and Ghana as key new markets Bitcoin, Ethereum exchange sees transactions double amid virus Naspers Ltd.-backed cryptocurrency platform Luno is in talks about expanding in Kenya and Ghana to extend its African footprint, as Bitcoin rallies 99% over the...

Telegram quits Cryptocurrency

Telegram is officially calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” writes Pavel Durov, founder and CEO, in an announcement on his channel. #Telegram is officially calling it quits on its crypto-focused subsidiary, Telegram Open Network...

There would be 21 Bitcoin Users in the world when next halving takes place in 2024

On Monday, May 11, 2020, a Bitcoin event is set to take place that could affect the entire world of cryptocurrency. The event is scheduled, and it’s happened before. The event will automatically cut the reward given to Bitcoin miners for completing Bitcoin transactions....

Bitcoin slumps to U.S. dollar after third ‘halving’

NEW YORK - Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down. Monday's "halving" cuts the rewards...
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