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Showing posts with the label cryptocurency

Major Reasons Behind Bitcoin's Recent Surge

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                                          A fter hitting the rocks at a market price of less than $45000 some weeks ago, Bitcoin surged to its highest level in 5 months on Wednesday the 6th of June 2021, when it traded above the $50000 mark as most Altcoins show remarkable bullish sentiments.    George Soros  This bullish price movement was partly due to a news item which revealed that a renowned hedged found owned by billionaire investor George Soros trades bitcoin. Dawn Fitzpatrick, the chief executive of the fund was quoted saying "We own some coins - not a lot," The worlds most traded cryptocurrency' value rose on Tuesday October 5th by 6.3% trading at $54750. on Wednesday, its market value rose to $55,499.96, its highest since middle of May 2021. Seasonal  Effects Historical data has shown that the price of bitcoin usually rises in t...

How Does E-Naira Work

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                                                                             This article is written to inform the public about the operations an potential benefits of the much awaited e Naira that would be issued by the central bank of Nigeria come 1st October, 2021 . it answer s questions such as: Is eNaira a cryptocurrency? Is it going to raise in value like bitcoin and other cryptocurrencies? What type of blockchain protocol is it going to operate on? Can it be traded on a cryptoexchange? How can I purchase the e-Naira? Since the introduction of the first publicly traded Crypto currency- the Bitcoin in 2009, the has been wide adoption of cryptocurrencies by Nigerians which eventually lead to the ban on crypto transactions by the Nigerian government durring the...