bitcoin trading Archives - AfricaBusiness.com

15Jul

By John BrooksNo Comments

Fintech, Nigeria News

Top 5 Reasons Why Nigerian Pioneer Bitcoin Remittances

A survey by Statista found that around 32 percent of people in Nigeria use cryptocurrencies and this is the highest proportion of a population in the world. In terms of trade volume, the country stands in 3rd position after the United States of American and Russia with a transaction value of more than 400 million dollars. This virtual currency is booming in Nigeria although there is a banking ban on it, traders discovered ways against government ban like the other parts of the world. As per the blockchain research firm Chainalysis, the amount of crypto received by the Nigerian crypto community has been constantly growing. The use of crypto in international trade also surged in Nigeria, people tried to use the currency to proxy the US dollar. Since the beginning of 2021, Nigerians traded 50...

Should You Still Buy Bitcoin at $35,000?

The bitcoin market has been on a downward trend over the last month. Bitcoin has dropped almost 50% from its all-time high of 46 lakhs in three months. The drop has divided investors into two camps: those who are rushing to sell to avoid losses, and those who are holding their investment with optimism for the future. To buy bitcoin with mobile money might seem like a risky task now since Bitcoin is at a low, but it might slingshot to heights it has never reached before. Despite the massive drop in Bitcoin and other major cryptocurrencies, the cryptocurrency industry is not in a terrible state. Stocks to Watch in Cryptocurrency fall This year, cryptocurrency values have skyrocketed. Cryptocurrency bellwether Bitcoin has almost quadrupled year-to-date to over $60k as of the end of last week...

Coinbase IPO: Bitcoin investors must expect more government scrutiny of crypto

Bitcoin investors should be braced for – but not put off by – “much greater government scrutiny,” warns the boss of one of the world’s largest independent financial advisory and fintech organizations. The warning from Nigel Green, CEO and founder of deVere Group, comes on the day Coinbase, the biggest cryptocurrency platform in the U.S., prepares for its public debut. It launches its initial public offering (IPO) on the Nasdaq under the symbol COIN starting on Wednesday. On Tuesday on the deVere Crypto app, Bitcoin, the world’s largest cryptocurrency by market capitalization, hit all-time highs of $64,000. Mr Green says: “Coinbase’s direct listing is a truly momentous day for the cryptoverse. “Should it hit its private market valuation of $100 billion, it would immediately become one of th...