Crypto trading thrives in Nigeria despite official disapproval

 

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.

Crypto Funds Doubled Inflows Last Week, Bitcoin Leads the Pack

 

BeInCrypto –

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.

Bitcoin dominance currently sits at 61%. On January 13, 2018, Bitcoin dominance hit an all time low of 35%.

 

What is bitcoin dominance?

Bitcoin dominance is bitcoin's marketcap dividend by the marketcaps of all cryptocurrencies combined. It shows how much value bitcoin has versus the all cryptos combined. This is important because it shows the relative strength of altcoins over time. For most of bitcoin's lifetime (pre-2017), dominance sat at over 98%. Bitcoin was the entire market. But since the first altcoin boom in 2017, it has never come close to that peak again..

DOki DOki staking has begun

 

You can now stake your Doki Doki tokens. The good thing about Dstake is no tax is required when you choose to un-stake any time you wish.
If you got listed during the initial offering, you would be making 8.4x by now
1Doki= 1.65ETH= $638
3ETH you made 25.52ETH
$1,125 to make $9,570
Join the train now, start staking.
How to stake
https://medium.com/@dokidoki.finance/how-to-dstake-a8837daf5fcf

Nigeria Overtakes the USA in Number of Bitcoin Wallets Downloads

 

 In Nigeria, with the lack of U.S. Dollars and its weakening currency (Naira), companies are relying on bitcoin as a means of settling payments for international transactions.
Nigerians are adopting cryptocurrencies as a large number of wallets downloaded for the cryptocurrency.

Comparing Bitcoin to Stocks

 

  Let’s extend this comparison to stocks so that we can better understand the pros and cons of the two asset classes.

classes.

Chart : Analyze this and see the best anti-inflation system in existence

 

Analyze this chart and see the best anti-inflation system in existence. That was the big reason why ₿itcoin was created and launched in 2009 shortly after the 2008 global financial meltdown.

Remember: they are saying that ₿itcoin is worthless, but behind the scenes they are stealthy buying their precious treasure.

Think long term. ₿

Halving day in less than 2 weeks

Read more about Bitcoins halving here

Largest Cryptocurrency exchange in India has a daily volume increase of more than 470%

Since India lifted the ban on virtual currency trading, there has been an enormous increase in trading volume and users.
RBI lifted this ban on March 4, until then, entities in India could not provide any services related to virtual currencies, because Act from the Central Bank of 6 April 2018 prohibited these activities.

Evolution of mail and the future of payments

Localbitcoins.com mass NG Traders account block

Reports reaching BBNB (Buybitcoins In Nigeria  Blog) confirmed that Locabitcoins.com website has blocked almost all traders in Nigeria. The site has had long history of blocking accounts without no major reason but this mass block of accounts in Nigeria came as a surprise to many people who depend heavily on the website for daily earnings.

We visited the site again to check the number of traders left from a country of over 200,000 million people.

Notice to COBINHOOD users

Bitcoins interest by Geography 2018 vs 2019

Bitcoins interest by Geography 2018 vs 2019

BTC last year price Vs 2 years ago and Now!

https://buybtcoinnigeria.blogspot.com

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.

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

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.

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.

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.

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.