Nigerian Judge Rules in Favour of Accused Crypto Startup, Accounts to Be Reopened

 

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.

Bitcoin briefly crashed 87% to about $8,000 on Binance's US crypto trading platform

 

• Bitcoin plummeted to $8,200 on Binance's US platform, Coin Telegraph first reported.
• The brief decline in the cryptocurrency was an 87% fall from $65,815.
• Binance's CEO tweeted "expect very high volatility in #crypto over the next few months."

Bitcoin rises above $62,000; RSS calls for crypto regulation

 The crypto market is trading mixed on Monday morning, with Bitcoin trading nearly 2 percent higher at $62,134. The coin has surged nearly 12 percent in the past seven days, having crossed $60,000 last Saturday. The coin is close to an all-time high as investors hoped US regulators would soon approve a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets.

How Hackers Nab $16 Million In BTC Through Bitcoin Wallet Exploit

 

A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit. But how were hackers able to make off with this user’s cryptocurrency? And what can others do to avoid the same situation from happening to them?

Crypto Crime Takes A Bow But Is Just As Active Behind The CurtainDue to the lowered frequency and severity of big crypto exchange hacks compared to the past, Bitcoin-related hacks have since cooled off in the media.Phishing attempts, ransomware, and SIM-card hacks are just three examples of crypto-related crime that isn’t widely covered. 

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.

Public bitcoin fund listed on a major global stock exchange

Tyler Winklevoss: 'The Bitcoin Fund' just launched on the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that @Gemini was selected as the custodian for this fund. Congrats to @3iq_corp for making history!

'The Bitcoin Fund' just launched on the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that @Gemini was selected as the custodian for this fund. Congrats to @3iq_corp for making history! https://t.co/YtjFqSh6K5

— Tyler Winklevoss (@tylerwinklevoss) April 9, 2020

BTC last year price Vs 2 years ago and Now!

https://buybtcoinnigeria.blogspot.com

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.

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.

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 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.

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.”

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?

Summary:

Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27.

Localbitcoin.com trade volume hit new low since its Inception in 2012

In the first week of September, we saw Localbitcoins witnessing the best global peer-to-peer trade volume on record for Bitcoin. Data from Coin.dance shows that the clear presence of only six markets seems to represent the pervasion of lowered trading activity with all the Localbitcoin markets.

Localbitcoins are on a peer-to-peer Bitcoin exchange where customers can purchase and sell Bitcoin. Investors usually make advertisements with the payment method they give and the price. With over 50 various ways to make payment, traders can purchase and sell Bitcoin through this means.

The recent drop in Bitcoin investment has changed into a widespread trend, where merely a several multiple markets tracked by Localbitcoins have posted a volume that will be the same to the standard trading activities in the span of recent weeks.

The info showed by Coin.dance hint that only 860 Bitcoins were traded during the entire week in the month of September on Localbitcoins. In reality, this week is the best before five and a half years, that's provided that the business enterprise has been retaining information.

This type of dip in the over-the-counter market hasn't shown itself in 5 years, since the 3rd week in March 2013 where the entire trading number was at around 1990 BTC.

If what this data shows is correct then nearly all Localbitcoin markets had a remarkable decline in the amount of Bitcoin traded in the last week.

It's worth noting that Venezuela saw a current hyperinflation which appears to have generated an exponential boost in Localbitcoin trades in the country. The weekly purchase volume was 6 trillion bolivares  typically and has boosted to 24 trillion bolivares on the span of days gone by two months.

What are you currently applying for grants this? Don't hesitate to let's know down in the comments below!

Source: https://buybtcoinnigeria.blogspot.com/p/buy-bitcoins-in-nigeria.html

Happy New Month

Happy New Month. Buy or Sell BTC - WhatsApp:+48796457594

See how Police Track Down Dark Web Market Vendor Through Bitcoin Transactions on Localbitcoins.com.

• Dark web drug dealer Gal Vallerius was caught after failing to set up his tip jar on the Dream Market where he went by "OxyMonster."
• Police managed to track him through his bitcoin transactions and arrested him while he was on his way to the World Beard and Mustache Championship.

French national Gal Vallerius, 36, has recently pleaded guilty to various charges related to drug sales on the dark web in the US after authorities managed to track him down through his bitcoin transactions. He was a well-known vendor on Dream Market, where he went by OxyMonster.

Expert: Why People Should not Listen To Warren Buffet

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.

If you would like to contribute an Expert Take, please email your ideas and CV to us

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of  BuybitcoinsinNigeria.. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.

Do you own Bitcoins?

I still have all the Bitcoins I bought in 2013.

And a few more of them.
I never sold at 261 USD, 1250 USD or 19000 USD.

Why? 
Because I am not one of those “Buy a Bitcoin today and be rich tomorrow” guys, who use Bitcoin purely for speculation.

Chinese tech giant Bitmain Produces Ethash ASIC Miner

Chinese tech giant Bitmain announced that they're releasing an Ethash ASIC miner, in accordance with a tweet April 3. In the tweet, Bitmain says that the Antminer E3 would be the “world's most effective and efficient EtHash ASIC miner.” The units will retail for $800 each and in line with the tweet, aren't for sale in China, nor would they be shipped to Hong Kong, Macau, or Taiwan. Orders are limited by one per person. Bitmain will simply accept Bitcoin Cash (BCH) and US dollars for payment in this first batch of units.