Tuesday, 10 December 2019

Will Bitcoin break new records in 2020?

Marco, the most accurate chart I've found is a composite by PlanB, who is active on Twitter. His stock to flow model perfectly covers the historical BTC price changes from 2011, based on logarithmic growth.

Friday, 6 December 2019

Almost ₦3.24 Trillion ($9 Billion) Worth of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were shifted the blockchain in one single hour, excluding change volume, that will be Bitcoin that returns to the sender.

Bitcoin's high transaction volume was stated by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that this kind of high hourly transaction value was an initial for the network:

“It's the highest hourly USD transaction volume in Bitcoin's history.”

Sunday, 1 December 2019

Binance has no offices in China; Your Funds are Safe if I Go Missing, CEO Assures

Zhao reaffirmed that Binance has no offices in China. Since the September 2017 ban on cryptocurrency exchanges in China, after which Binance left the country in October 2017, Binance does not maintain a single office at all. Both Binance’s employees and himself only travelled to China for business meetings and conferences.

Monday, 18 November 2019

Must read: Check out Top 5 Tips for New Bitcoin Investors

Buying Bitcoin (BTC) could be very intimidating if you're only researching its existence now. In reality, taking the plunge and entering the cryptocurrency sphere is really a risk for anybody, with or without investment experience. The reason being the crypto space does not have any centralized authority to steer investors. Rumors, hype and horror stories dominate the net, and separating fact from hearsay could be difficult at times.

Like any business venture, you need to never get the feet wet and soon you have all the important points straight. Many Bitcoin investors who took losses will agree that they did not do their research. Riding on rumors and hearsay is setting yourself up for failure.

However, the cryptocurrency community can be found in handy for inquiries. You're better off conversing with individuals who are already in the crypto space. As a student, you have got resources to discover all there's to understand about Buying Bitcoins in Nigeria or elsewhere. As you discover approaches to invest, don't forget to watch in your academic performance, but when it will start to suffer, online writing services help ensure you maintain above-average performance.

Buy Bitcoins In Nigeria Blog (BBNB) brings you Top 5 Tips for New Bitcoin Investors to looking into before taking the dive.

Continue reading after the page break

Thursday, 14 November 2019

Jack Dorsey eyes Nigeria’s Bitcoin market

The Twitter CEO’s tweets have set the crypto community ablaze with speculation about his intentions.

Jack Dorsey, Bitcoin fanboy and Twitter/Square CEO, is on a modern day mission to Africa.

Dorsey alighted in Nigeria last week. While coy about the exact purpose of his month-long tour, which also takes him to Ghana, Ethiopia and South Africa, he’s been pictured, on Twitter, with local Bitcoin entrepreneurs, and at a couple of low key Bitcoin meetups.

Amazon of China goes big on Bitcoin

One of the world's most successful retailers, Alibaba, has unexpectedly entered the world of crypto
, partnering with bitcoin rewards app Lolli.

Alibaba—a China-based retailer who counts multinational behemoth Amazon among its closest rivals—has entered into a partnership allowing customers to earn 5 percent in bitcoin for every purchase.

Friday, 25 October 2019

Naira (NGN) Trading pair becomes the first FIAT on Binance

Binance listed the 1st ever fiat trading pair, and it's not the US dollar. Beginning today, Nigerian users will have a way to get Bitcoin, Binance Coin (BNB), and Binance's stablecoin BUSD with Naira.

Most top exchanges that offer fiat-to-crypto trading services give attention to the US dollar, or at the very least on the euro or yen. That is as they are probably the most traded currencies, with the USD enjoying the status of a worldwide reserve currency. Nevertheless, Binance went another way with the addition of the national currency of an African country as its first fiat service, reports stated.

Saturday, 19 October 2019

Will Bitcoin hit ₦36mln($100k) mark after the 2020 Halving?

Will Bitcoin skyrocket after the 2020 Halving like in 2016?

 Bitcoin saw massive growth after the 2016 halving.
On May 20th 2020, the 3rd Bitcoin halving will occur. 50% less Bitcoins is going to be generated every 10 minutes and this can change the worthiness of Bitcoin. Forever.

This is known as a “Halving” and it has occurred twice, everytime boosting Bitcoins price by at the least 10x. Despite increased awareness over Bitcoin, not a lot of people be seemingly speaking frankly about this.

Friday, 11 October 2019

Bitcoin Halving?

What's the Bitcoin Halving?
New Bitcoins are issued by the Bitcoin network every 10 minutes. For the very first four years of Bitcoin's existence, the quantity of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day that the quantity halves is known as a "halving ".

In 2012, the quantity of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it'll drop from 12.5 to 6.25.

Tuesday, 24 September 2019

Inverted Bitcoin Price Chart Confirms Bear Market Bottom when Flipped Upside Down

Sometimes when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts inverted in a way to try to remove any preconceived bias from their technical analysis. Buy Bitcoins in Nigeria blog (BBNB) reports.
Continue after the page break

Friday, 20 September 2019

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Thursday, 12 September 2019

No, Bitcoin Price Is Not in a 2018-Like ‘Descending Triangle’ of Doom

Twitter is bearish, abuzz with chatter of a descending triangle that is forming on the Bitcoin (BTC) chart and with comparisons to the descending triangle that broke down in 2018 at $6,000.
Twitter is often wrong. Let’s first define the descending triangle.

Tuesday, 27 August 2019

Half Of All Bitcoins Are Spread Across 1,800 Wallets

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.

Monday, 26 August 2019

Top Stories This Week: Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug. 19–25

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Friday, 19 July 2019

Bitcoin finally wins as Chinese Court Declared BTC Legal as Virtual Property

Bitcoin (BTC) has now been declared as a legally recognized virtual property by a Chinese court. As per the Hangzhou Internet Court ruling, Bitcoin has the characteristics to be regarded as a virtual property and thus owning Bitcoin will be legal in China. The court also said that the digital currency thoroughly meets the criteria of a virtual property’s definition as it is scarce, has value, and is disposable too. Moreover, all those who hold BTC will find themselves protected by the legal system of the nation, as first reported by The Beijing News.

Thursday, 11 July 2019

‘Google Coin’ Within 2 Years as FANGs Will Go Crypto, Say Winklevoss

Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9.

Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, said it was only a matter of time before other tech giants followed suit.

Bitcoin Price Slips 10% in 24 Hrs as Fed Raises Facebook Libra Concerns

Bitcoin price (BTC) shed more than 10% on July 11 as markets appeared to react to criticism of Facebook’s Libra from a senior United States lawmaker.
Market visualization
Market visualization courtesy of Coin360
Data from Coin360 sees the majority of cryptocurrencies firmly in the red Thursday, hours after Federal Reserve Chairman Jerome Powell said Facebook’s offering should not continue development.
Libra, which aims to act firstly as a cross-border payment method, allegedly buoyed Bitcoin throughout recent weeks, with commentators arguing its public profile was driving publicity and uptake of Bitcoin itself.

Sunday, 16 June 2019

Will Bitcoin ever hit ₦355m ($100k), why or why not?

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.”

If Bitcoin is meant to replace centralized Fiat currency, what should its value be described in other than US dollars?

My answer is Time.
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.
My answer comes from two simple ideas:

Do you believe Bitcoin will be a commonly used currency for the general public in the next 5 years?

No, I do not believe Bitcoin will be a commonly used currency for the general public in the next 5 years, or ever, but it’s not because of the limited transaction processing capability.
Even if Bitcoin could implement upgrades and become “infinitely scalable,” a simple truth remains: Bitcoin is too good at being money to actually be used in day-to-day transactions.
I wrote a post about this here: If Bitcoin stops being used as currency, what WILL it be used for?

Sunday, 2 June 2019

Las Vegas Bitcoiner, Morgan Rockcoons sentenced to Jail for selling BTC on Localbitcoins.com

Morgan Rockcoons, a Nevadan man accused of wire fraud and operating an unlicensed Bitcoin exchange for using LocalBitcoins, was sentenced to nearly 2 yrs in prison. Based on a government press release, Rockcoons will also need to forfeit $80,600 in illicit profits.

Operating unlicensed Bitcoin exchange results in a 2-year prison sentence
Morgan Rockcoons, who also passes Morgan Rockwell, was sentenced to 21 months in prison by U.S. District Judge Anthony J. Battaglia for wire fraud and operating an unlicensed money transmitting business.

Tuesday, 2 April 2019

BTC Hits ₦1,732,800 ($4,800) for the 1st Time in 2019

Top Crypto Markets See Double Digit Growth

Tuesday, April 2 — Bitcoin (BTC) has pushed over ₦1,624,500  ($4,500) for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing major 24-hour growth.

Wednesday, 13 March 2019

Crypto Markets Are Trading Sideways, Bitcoin Holds $3,900 Support

Tuesday, March 12 — crypto markets are trading sideways, with total market cap hovering between $133–$134 billion, and Bitcoin (BTC) holding $3,900 for the most part of the day.

The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time.

Wednesday, 30 January 2019


1) Buyer of BTC Pays first and seller confirms money before sending BTC to Buyer.
2) The moment Buyer or seller says Price and amount of BTC is *LOCKED* and bank account is dropped, either parties cannot cancel the smart contract
3) No looking down on any seller or buyer, BTC is BTC, Buyer can buy any amount of BTC as long as seller is willing to sell and vice versa.
4) There should be mutual agreement between Buyer and seller and well stated before price is locked, once price is locked, any party that cancels the deal will have to pay (2-10% In debate mode), to the other party that did not breach the contract.
5) Third party payment is not allowed but if otherwise, it should be clearly stated between Buyer and seller if they accept or not before the Smart Contract is *LOCKED*. (3rd party payment can come from a Naira swap between a Trusted 3rd party to avoid bank delays)

6) Any 3rd party breach of contract or force majeure should be reported to any of the admins for further investigation and final judgment shall be given based on proof provided by the party affected and the other party involved. *(BANKS are also 3rd party)*
7) Buyer should ask the house to vouch for a seller before going into a smart contract with the seller.
8) By remaining in this group, you have accepted the above rules and *REGULATIONS GUIDING BUYING AND SELLING OF BTC*
9) Be Civil

Monday, 28 January 2019

Price of BTC drop and forcast !

*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 drop in Bitcoin was due to those 4 reason: