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Leading cryptocurrency Bitcoin finally managed to climb above the $50,000 mark and hold the area on multiple time frames. The token saw an impressive pump of over 10% on Wednesday, as the coin climbed to $52,600. Bitcoin hit a new two-week high before seeing a slight correction, which is still holding
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According to a recent tweet by Whale Alert, someone transferred 5 BTC worth a staggering $234,000 in current market price to a verified scam address pretending to be that of Elon Musk . Other top businessmen like Richard Branson, Bill Gates have seen their faces used to commit fraudulent activities. Even popular
Read MoreMore cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment, as Ijeoma Ndukwe reports. According to the BBC, Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter
Read MoreIntroduction to cryptocurrency Since the past few years, there has been a buzz regarding digital money, or in other words, cryptocurrency. With the accelerating advancements in technologies, the world can now process transactions in a currency which can’t be seen or touched. It has no physical existing like bonds or cash
Read MoreCryptocurrency and bitcoin are the future of the new generation. This rapidly increasing cryptocurrency is swiftly making its way through Nigerians. At present, Nigeria is the world’s fastest-growing bitcoin market. Researchers believe that Nigeria is going to be the country with most trading in bitcoin. It is intriguing why Nigerians
Read MoreElon Musk Twitter profile It was suggested that a new profile of Elon Musk that spotted the bitcoin hashtag is responsible for the latest bull run in the price of the largest cryptocurrency in the world. The price of Bitcoin on Friday 29/1/21 morning jumped to over $37,000, about 10.2 percent rise
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Stefan Thomas, a German-born programmer living in San Francisco, has been unable to access his 7,002 bitcoins, which is worth almost $240 million at the current price, the New York Times reported Tuesday. He stored the private key for his bitcoins on a small, encrypted hard drive known as an Ironkey, and wrote
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The Financial Conduct Authority (FCA) in an announcement on Monday warned that investing in crypto assets meant consumers were “unlikely to have access” to the various protection bodies such as the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS), which protects customer’s monetary deposits if a financial services firm
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Leading cryptocurrency, Bitcoin has roughly doubled its value in less than a month, gaining traction among institutional investors driven by the perception that it is a good safeguard against inflation, and even touted as potentially becoming an alternative to gold. According to CoinGecko‘s index of 6,124 assets, the value of the cryptocurrency market
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A pseudonymous user called “gmoney” paid 140 Ethereum (ETH) for a pixelated CryptoPunk (CP) avatar on Wednesday. At the time of purchase, the non-fungible token was worth $150,000—and its value has increased to more than $176,000 already. But it wasn’t about making a profit, gmoney explained. Starting from a broader perspective, gmoney argued that,
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