Wednesday, 24 May 2017
While arbitrage opportunities in South Korea always existed because the launch of Korbit, Coinone and Coinhumb, the three leading Bitcoin exchanges in the united states, the premium rate rarely went past 10 percent.
Tuesday, 23 May 2017
Xapo CEO Wences Casares has made one of the most bullish Bitcoin price predictions yet at the Consensus 2017 conference in New York.
In comments at the big event, Casares forecast one Bitcoin being worth an enormous ₦390 Mln ($1 mln) in 10 years'time, taking attendees by surprise.
Monday, 22 May 2017
Bitcoin price established its new all-time high at ₦795K ($2,087) earlier today after surging past its previous all-time high set at ₦781K ($2,050), with demand toward Bitcoin rising from institutional investors in the US, Japan and South Korea.
Saturday, 20 May 2017
The ₦760K ($2,000) lane has been expected for quite a while now nonetheless it intensified three days ago when Satoshi Nakamoto's brainchild stabilized at the $1,800 range. On Friday it managed to get to the ₦722K ($1,900s) further increasing the ₦760K ($2,000) price obsession.
Friday, 19 May 2017
After peaking at ₦709K ($1,820) Bitcoin price stabilized in the ₦709K ($1,820) region earlier on May 18. The recent surge of Bitcoin price is apparently largely afflicted with the economic uncertainty of the US, due to troubles surrounding the Trump administration.
Donald Trump sent jitters down the spine of the world's political and financial elite from the day of his inauguration when Bitcoin price immediately shot upward.
Thursday, 18 May 2017
Mike Maloney, the founder of Ex-metals broker GoldSilver.com, has suggested that owning cryptocurrencies such as for instance Bitcoin is one of many answers to how to safeguard yourself against a shift in the global monetary system.
He says “something big and very dangerous” is coming ahead extremely fast and it needs everyone to be prepared.
Wednesday, 17 May 2017
Sandeep Goenka, the co-founder of Zebpay, certainly one of India's three leading Bitcoin exchanges, believes that Bitcoin price may reach ₦1,1M ($3,500) by the conclusion of 2017. Despite several setbacks, Bitcoin price has maintained a solid rally within the last few months. While Bitcoin is struggling to re-enter the ₦568,351.97, ($1,800) region after it experienced a correction on May 11, on a regular basis Bitcoin price has still manage to record a 30.8 percent surge, increasing from around ₦371,087.71 ($1,176) in April 16 to ₦536,436.31 ($1,700) on May 16.
Tuesday, 16 May 2017
Our Correspondent Ifafunke Balogun, the Sage of Shoreditch, reports on the WannaCry ransomware outbreak and why things don't really add up.
It may come as no real surprise the supply of the ransomware was the trick services of the United States – NSA. Apparently, these were also hacked and the malware that targets Windows was taken.
Bitcoin has turned into a central focus of mainstream media all around the world after the international WanaCrypt0r 2.0 cyberattack.
As companies and institutions continue steadily to see the results of the ransomware exploit, that used a Windows vulnerability to get control of tens of thousands of computers, media sources are focusing - sometimes erroneously - on Bitcoin itself.
A global ransomware attack based on a leaked NSA tool successfully breached into 100,000 computer systems and servers across 99 countries. During the 1st day of the attack, the focus was set on Bitcoin instead, which had minimal involvement in the ransomware attack, as opposed to the utilization of an NSA tool developed using taxpayers'capital.
Monday, 15 May 2017
Australia has officially confirmed it'll treat Bitcoin “exactly like money” from this season and it will not be susceptible to double taxation.
In its budget summary for 2017-18, the government states that included in its intend to “ensure it is easier” for digital currency businesses to work in the country. It'll make certain that nowhere in the supply chain is general sales tax (GST) paid a lot more than once.
Thursday, 11 May 2017
What's Bitcoin and how it changed idea of money forever ?
CEO and Co-Founder, BuyBitCoinInNigeria
For a long time, all of the world's currencies have already been at the mercy of either commodity or political authority, until 2009. That has been the season when someone underneath the pseudonym of Satoshi Nakamoto introduced bitcoin to the world.
Wednesday, 10 May 2017
BuyBtcoInNigeria - Lagos For the first time in history, bitcoin has topped $1,700 in value. This is a 85-percent gain in the cryptocurrency in 2017, and a 43-percent gain in value in only one month.
Since May 2016, market capitalization on bitcoin has nearly quadrupled, from $7.16 billion in May 2016 to $27.9 billion today.
Major drivers of the trend were Japan allowing bitcoin to become legal tender in the Land of the Rising Sun (albeit with lots of oversight), and Russia's announcement that they'd rule on cryptocurrency legality in 2018.
Tuesday, 9 May 2017
Since the month started, its market cap had risen by an average of $1 bln per day for the past five days according to BuyBtcoInNigeria moving from about $21 bln on May 1 to $26 bln on May 5.
Whether this is sustainable would be determined by the market in the coming days. Thus, it falls within the premise of the discussion that the Bitcoin market is still small, its potential is huge and it has a long a way to go in terms of reach and adoption.
Recent comments by some industry insiders support this viewpoint.
Monday, 8 May 2017
Bitcoin's life Span
The purchase price had almost closed in on $1,300 ahead of the March 25 struggle within the scalability issue which dropped the purchase price to $908. That is quite understandable as an issue to cause panic on the market and hinder the flow of interest.
Sunday, 7 May 2017
Digital cryptocurrency Bitcoin was completely underground when it was launched in 2008. The notion of a strictly digital currency not centered on fiat was considered before, but Bitcoin was the first mainstream execution of the concept. Bitcoin became a worldwide sensation when its value hit $1000 in 2013. Early adopters and investors in the currency became Bitcoin millionaires as a result.
Continue reading after the jump break
Saturday, 6 May 2017
Cryptocurrencies are gaining in value because many see them as a brand new form of digital investment that have advantages over the USD as well as gold, Economic Historian Dr. Garrick Hileman told revealed to BUy BitCoins In Nigeria Blog.
The price of Bitcoin was soaring to new highs during trading the other day, amid an upsurge in demand. In line with the CoinDesk Bitcoin Price Index (BPI), it broke through the $1,500 barrier for the first time on Thursday; trading on Saturday has reached $1,550 so far.