Tuesday, 31 October 2017

Bitcoin On its 9th Birthday hits all-time high after CME Group says to launch futures

 Bitcoin clocks 9 years old today happy birthday to BTC. Bitcoin jumped to an all-time high above  ₦2.3 Mln ($6,300) on Tuesday, following the world's largest futures market operator CME Group said it'd launch a controlled trading venue for cryptocurrencies in the fourth quarter of 2017. 

Happy Birthday: Bitcoin clocks 9 today as it hits ₦2,2Mln ($6k )

Tuesday marks nine years since Satoshi Nakamoto announced the creation of the Bitcoin “Peer-to-Peer Electronic Cash System.”  The Bitcoin whitepaper, still available for a passing fancy Bitcoin.org domain because it was in October 2008, provides an increasingly fascinating view into the niche project which in October 2017 includes a market cap of over ₦3.67 Trillion ($100 bln). The document famously begins:

Monday, 30 October 2017

How Much Oil How can you buy with One Bitcoin?


The Bitcoin boom has forced the mining sector to try and keep up, as the energy and effort put into mining a single coin is paying higher and higher. However, it’s also causing the mining sector to go into overdrive seeking the elusive prize.
One way that miners have sought to gain an additional edge in the game is to try and cut their energy costs. It’s good for the miners, for Bitcoin and for the environment if energy usage plummets.

Saturday, 28 October 2017

Trading Under Attack by U.S 'Communist' gov.: Michigan Man dragged to court for Unlawful Bitcoin Exchange

A Michigan man has been faced with running an unlicensed money transmitting business after selling nearly $150,000 in bitcoin online.
Based on an indictment released by Detroit TV news services WD-IV Friday, 52-year-old Bradley Anthony Stetkiw ran a exchange through the LocalBitcoins website, conducting transactions at restaurants in the Bloomfield area. Stetkiw is speculated to have sold bitcoin included in a small business venture for approximately couple of years, at a volume that could make him at the mercy of federal anti-money laundering regulations.

Tuesday, 24 October 2017

Bitcoin Threatens the "Establishment" as Richest Saudi Prince Issues 'Fatwa' on Bitcoin

Richest Saudi Prince Says Bitcoin Will Collapse Like Enron.

In the land of countless princes and billionaires, prince Alwaleed bin Talal may be the richest of them. He's the grandson of the founder of Saudi Arabia, King Abdulaziz Alsaud. Based on Forbes, he's the 45th richest man in the world. Through his venture Kingdom Holding Co, he holds stakes in a number of companies including Lyft, Twitter, Citigroup and even the Savoy Hotel in London.
He'd built a reputation for himself being an early-stage investor in technology companies like Twitter and AOL, but appears to have missed the Bitcoin plane. He once was involved with controversy after being accused of exaggerating his wealth to make it to the set of Forbes top 10 billionaires.

Agrees With Jamie Dimon

Speaking on CNBC's Squawk Box, the prince said:
“I don't believe in this Bitcoin thing. I think it will probably implode one day. I believe it is Enron in the making.”
Notwithstanding his reputation being an early-spotter of new and successful technology trends,  the prince stated that the possible lack of a centralized governing authority was exactly why Bitcoin's failure is certain. He's much in accordance with Chase CEO Jamie Dimon for the reason that regard.
“It doesn't make any sense. It's not under the supervision of the United States Federal Reserve or some other central bank. I don't rely on it at all. I'm in agreement with Jamie Dimon.”

Why Enron?

Enron was a textbook case of fraud - a business using accounting loopholes to provide an inaccurate picture, auditors conniving with management and a Board blind to the faults of the managers and executives. Caused by this systemic fraud was the bankruptcy of Enron and the dissolution of Arthur Andersen, that was one of many five largest audit firms on the planet at that time.
You will find hardly any similarities between a fraudulent company and a decentralized currency. The prince apparently believes that Bitcoin's price will collapse, as Enron's share price collapsed from $90 to under $1.

Bitcoin Threatens the " Establishment "

What Jamie Dimon and Prince Alwaleed don't realize (or don't desire to realize) is that being beyond your control of a main governing authority isn't Bitcoin's weakness, but its strength. We've seen authoritarian governments, including China, attempt to muzzle Bitcoin by turning off exchanges and proposing stringent regulation. Bitcoin threatens the establishment by letting people take control of their own money. It's no surprise that Wall Street royalty and Middle Eastern Princes feel threatened enough to bring it down.
 BuyBitCoinsInNigeria Blog

Monday, 23 October 2017

Bitcoin Gold Fork: How To Double Your Bitcoins; 1BTC=1BTG

It has been only 9 weeks since the Bitcoin Cash hard fork, and we are again discussing another Bitcoin hard fork.  For those of you who don’t know about the previous Bitcoin hard forks and its challenges, read my earlier guides here:

And for those of you who aren’t aware of the upcoming Bitcoin hard fork, pay attention.
In this article, I intend to cover everything you need to know about the upcoming Bitcoin hard fork and how to prepare and benefit from it by doubling you coin holdings.

Saturday, 21 October 2017

Can Quantum Computing destroy Bitcoin?

That will hardly be a reasonable concern in the recent future. There are few reasons why. First, quantum computing is still in its early phase and it would take a lot of time until it reaches the level which could harm Bitcoin network.
The other important thing is simply the nature of Bitcoin. It is constantly changing and evolving with mutual consent of its users. So, if quantum computing evolves, so will Bitcoin, and that is something certain. Bitcoin had its difficulties from the beginning until now, and every time Bitcoin network managed to overcome those difficulties.

Bitcoin breaks through ₦2.16 Mln ($6k), Market Cap Now Exceeds ₦36 Trillion ($100 Billion)

Bitfinex, the greatest volume BTC/USD exchange, broke the ₦2.16 Mln ($6,000) barrier earlier today and has been joined by all the major exchanges. At press time, the price tag on Bitcoin had reached ₦2.16 Mln ($6,041) according to Coinmarketcap.com, causing its market capitalization to exceed ₦36 Trillion ($100 bln) for the first time ever.

Sunday, 15 October 2017

Julian Assange Thanks US Government, Senators, For Forcing WikiLeaks to invest in Bitcoin.

Sometimes you've a comeback so good you've to attend before the perfect time for you to use it. Apparently, for Julian Assange, that point was when Bitcoin hit 2.068 Mln ($5,746.51). The Wikileaks founder posted his point of view on Twitter, after a wonderful week of price boom in the cryptocurrency's value.  The tweet was with a chart of the worthiness of Bitcoin.

Saturday, 14 October 2017

Bitcoin Success Threatens Bankstars, Jamie Dimon Calls Bitcoin Investors Stupid

Jamie Dimon is finding it difficult to ignore Bitcoin. A day after stating that he would not talk about Bitcoin, he breaks his silence to emphasize that stupid bitcoin investors will pay the price.

The Greater Fool Theory

The central theme of Jamie Dimon’s renewed attack on Bitcoin is that it is a bubble, where the underlying asset has no value. So although certain people will profit because they manage to sell their Bitcoin to late investors (the 'greater' fools), the end result will definitely be a crash. The oft-repeated comparison with the Tulip Mania was made to support his point.

Friday, 13 October 2017

₦2.2 Mln ($6000) Bitcoin Price Almost set as Forks Flounder, Investors Hold

 Bitcoin has posted further all-time highs of almost ₦2.1 Mln ($5800) after climbing ₦360K ($1000) in 24 hours.  Beginning Thursday, an amount surge gained momentum to take the Bitcoin BTC chain over ₦1.8Mln ($5000) for the 2nd amount of time in history.

When resistance came at 1.87 Mln ($5200), prices remained above the significant boundary before continuing to new heights never seen before . BTC posted a new a high of ₦2.09 Mln ($5798) in early hours of Friday.

Wednesday, 11 October 2017

Russian Authorities Block Access to Cryptocurrency Exchanges as pyramid (scheme) grows

Russia's central bank is leading efforts to shut Access to the internet to cryptocurrency exchange websites.
As local news outlet RBC reports Tuesday, Bank of Russia is dealing with the country's general prosecutor to block all exchanges offering Russians the chance to purchase and sell cryptocurrency.

Monday, 9 October 2017

Google Allows Phishing Sites to Steal Your Bitcoins Through Ads (Must See, Dont fall for this google ad scam)

Bitcoiners beware — Google is allowing malicious “phishing” sites to create ads that appear right there in your search results. If you’re a newcomer to Bitcoin, or don’t carefully check the URLs of every site you visit, you could lose your money.

This is How to Know If Your PC Being used to Mine Bitcoin without Your Knowledge

First it was The Pirate Bay, then Showtime was found privately applying site visitor's capacity to mine cryptocurrency as a questionnaire of substitute revenue. It's generated some indignation from people of such websites, in addition to fear and concern in regards to the susceptibility of people who're visiting websites and keeping to them for a lengthy time. But, there are always a several issues that can be carried out to guard yourself.

Saturday, 7 October 2017

Check out How to Buy Bitcoins in Nigeria

Many people are interested in what bitcoin is and how one can get it and invest it. Bitcoin is the most popular and greatest electronic currency on earth regarding market capitalization and the marketplace reveals wherever you can find number intermediaries to take care of the transactions.

Friday, 6 October 2017

Russian Gypsies Cash In On Cryptocurrency Craze, sell physical versions of Bitcoin, 1BTC for ₦6,249.6

The popularity of the Bitcoin cryptocurrency hasn't gone unnoticed by enterprising Roma in Obninsk, that are touting their very own physical versions of the digital currency to locals, with some success.Digital currencies are soaring in popularity, with the most used, Bitcoin, increasing in value almost five-fold considering that the start of the year. Roma gypsies in the Russian town of Obninsk, about 100km from Moscow, decided to make a quick buck from the cryptocurrency craze with their very own "Bitcoins."

Thursday, 5 October 2017

Dubai to Issue 1st Ever State Cryptocurrency

The area government in Dubai has officially launched its cryptocurrency called emCash, according to announcements by local news media outlets. The cryptocurrency could be useful for payment of governmental and nongovernmental services.

Based on Ali Ibrahim, Deputy Director General of Dubai Economy, the token will soon be considered legal tender “for various government and non-government services, from their daily coffee and children's school fee to utility charges and money transfers.”

Wednesday, 4 October 2017

Despite Potential Forks and Volatility, Bitcoin Price Eyeing ₦2.17 Mln ($6,000) in 2017

There are certainly a few rocky months left in the season for Bitcoin, but experts are predicting that the digital currency could still rally another 40 percent to finish on ₦2.17 Mln ($6,000) for the year.
Many experienced stabs at predicting the Bitcoin price by the end of in 2010 of rapid rise, from stock picker Ronnie Moas who said he sees Bitcoin reaching ₦1.815 Mln ($5,000) by the end of the year - though it already crossed that boundary recently.

Tuesday, 3 October 2017

Alleged Mastermind Of $4 Billion Bitcoin Money Laundering Operation May Be Extradited To Us

Originally appeared at ZeroHedge
 After being arrested over the summer in a sting that was orchestrated by US and European law-enforcement agencies, Russian-born Alexander Vinnick, the purported creator and operator of shadowy digital-currency exchange BTC-E, appeared in a Greek court late last week for the first of what could be several hearings to determine where he will ultimately stand trial, CoinDesk reported.

Sunday, 1 October 2017