SINGAPORE, Sept 27 (Reuters) – Cryptocurrencies traded firmly on Monday, having rebounded from selling driven by an intensifying crackdown on the asset class in China, as buy-the-dip speculators swooped in. Bitcoin was up about 1% in Asia trade at $43,719, having fallen to just below $41,000 in the wake of Friday’s announcement of a blanket […]
The Chinese government’s long-running battle against crypto took a drastic turn earlier today when the country’s central bank said all cryptocurrency-related transactions are illegal and must be banned. The announcement has seen the price of BTC plummet from $45,200 to $42,675 in the space of two hours. The People’s Bank of China on its website […]
Things are not looking good for Bitcoin right now. Chinese officials continued their crackdown on cryptocurrencies this week, the BBC reports, ordering banks to stop supporting any transactions involving the digital currencies. Unsurprisingly, the value of Bitcoin slumped yet again in light of the news, dropping below $30,000 for the first time since early January — back […]
Partner Mobile, a Chinese firm recently announced its readiness to begin manufacturing phones in Nigeria by the first quarter of 2018. This could prove advantageous to Nigeria’s economy and although it has yet to be actualised, we can let speculations guide us on what to anticipate. Employment opportunities Despite several programmes established by government — and even […]
Idoko Enenche