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A publicly traded Japanese company known as "Asia's MicroStrategy," Metaplanet, is seeking over 116 billion yen ($745 million) in order to increase its Bitcoin holdings.
The business declared on January 28 that it had issued 21 million shares via moving strike warrants, which provide investors the ability to purchase stock at variable exercise prices. The share price of Metaplanet's offering is fixed at the full closing value on the pricing day, in contrast to the usual practice of issuing such warrants at a discount.
In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey alsodiscoveredthat “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half of the 24.2% of Nigerian respondents that own cryptocurrencies are in fact bitcoin holders.
On the other hand, the survey findings suggest ethereum (ETH) is the second most popular coin with Nigerian cryptocurrency holders, at 23.8%. Despite this seemingly high rate of interest in ETH, the ratio of Nigerians holding this cryptocurrency relative to other countries is still lower, the survey data suggests.
In fact, according to the survey, the 23.8% ETH ownership ratio is only enough to see Nigeria being ranked the 15th country out of a total of 22 countries.
Dogecoin in Third Place
Meanwhile, the survey findings show the meme coin, dogecoin, in third place at 21.8%. This ratio in turn is enough to see Nigeria feature in the top ten. The survey report explains:
Dogecoin is the third most popular choice with crypto adopters in Nigeria, with 21.8% of adults who own crypto holding the coin. This makes it the 8th ranked country in our list of 22 countries in terms of dogecoin ownership among those that own crypto.
In terms of the makeup of cryptocurrency owners in Nigeria, the survey found 62.9% of Nigerian crypto owners to be men while women account for the remainder.
In other words, this disparity between the number of males and females that own crypto means men are 1.7 times more likely to own crypto. With the average figure globally at 1.5, this means Nigeria has the 11th highest male dominance of the 22 countries.
A Nigerian Federal Court judge recently ruled that the two
frozen bank accounts belonging to Rise Vest Technologies, which is
accused of trading cryptocurrencies, must be reopened.
CBN’s Bank Account Freeze Order Dismissed
In a ruling that overturns the Central Bank of Nigeria (CBN)’s August
17 decision to freeze the bank accounts, Judge Taiwo Taiwo is quoted by The Nation insisting that the central bank could not simply rely on a mere circular when deciding to close an account.
LAGOS, Oct
12 (Reuters) - Nigerian art dealer Ebuka Joseph started using
cryptocurrencies last year when business ground to a halt due to
COVID-19. Now he is hooked even though the financial authorities
disapprove.
“Crypto
just allows me to transact freely and within minutes we are done with
our transactions,” the 28-year-old told Reuters from a friend’s studio
in Lagos where he displays his works.
Digital asset management firm CoinShares has released its weekly
report on fund flows for the crypto market. The highlight of the report,
published on Oct 11, is that the amount of new capital flowing in has
doubled in the past week.
Anonymous Tor-enabled Bitcoin nodes normally make up as much as 25% of totally reachable Bitcoin nodes.
According to the latest data from node monitoring resource Bitnodes, Tor-enabled Bitcoin (BTC) nodes are back to normal following almost a full-swing crash in early January 2021. As of Jan. 13, the number of reachable Tor-based BTC nodes amounted to 2,581, up from as few as 122 nodes on Jan. 9.
The Bitcoin Whales Are Slowly Increasing Their Dominance, As Opposed To Retail Holders And Investors
The conducted research by PARISQ (a blockchain monitoring and compliance organization), stated that half of the entire BTCs in circulation is being held by only 1,800 wallets. The concentration of Bitcoins is 50 times higher than the concentration of global wealth, shows the report. Ethereum is even more concentrated – the ratio between Ethereum and global wealth concentration is 300:1.
In my opinion, yes, absolutely, Bitcoin will eventually hit $100,000 US dollars per coin. But my prediction isn’t really about Bitcoin. My prediction is about the dollar. In some sense, your question can be restated like this: “Will the Federal Reserve keep printing dollars?” And the answer is “yes, absolutely.”
I
think everyone should measure everything - including cryptocurrencies,
fiat currencies, and anything they own - in the most important asset
there is: time.
And my answer applies regardless of whether or not Bitcoin replaces fiat currencies.
*What really influenced the drop in the price of Bitcoin from its all-time high to where it is at now, and do you think it will get back to $20,000 or even higher?*
The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23.
Speaking
with a representative of German investment bank GBC AG, BIG’s CEO Lance
Morginn suggested the combination of entry-level investors piling in
during 2017, regulatory uncertainty and standard principles of supply
and demand resulted in the 2018 bear market.
The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society.
The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information.
Jack Dorsey, the CEO of bothTwitterand payment serviceSquare, has said that he seesBitcoin(BTC) as the world’s – and Internet’s – single future currency,The Timesreports today, March 21.
Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”:
Markets are crashing, altcoins getting hit hardest are EOS, Iota, Ethereum Classic, and Ontology. The selling pressure has gained momentum in the last 24 hours and markets have slid for their lowest levels this year. Total market capitalization has dropped to just over $250 billion which marks the 3rd big dip of 2018. Bitcoin has been hammered losing 7.8% on the afternoon falling back again to $6,150 marking its lowest level in 2010 and a cost range not seen since October 2017.
June 14th: all but two of the top 100 cryptocurrencies by market capitalization are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.
Bitbay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country as banks will no longer cooperate with the company, the exchange announced May 29. The exchange will instead be conducted by a new supplier in the jurisdiction of the Republic of Malta, where local laws are more crypto-friendly.
