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 […]
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]
The world’s first cryptocurrency has some competition on its hands as has finally reached the $3,000 milestone as its token Ether has quadrupled in price since the beginning of this year. While Bitcoin has been the world’s go-to cryptocurrency for some time now, Ethereum’s recent rise suggests that there is still room for competition as the crypto market evolves. […]
techpoint.africa In case you’re wondering what crypto is about and what you can do with it in Africa, some experts might be able to explain. But, African crypto-based startups and local exchanges are making several of its endless possibilities a reality. With the Bitcoin craze intensifying, more people have gotten on the bandwagon as speculators, […]