The price of Bitcoin, a cryptocurrency platform, fell below $64,000 on Thursday morning, with over $209 million in crypto-bullish positions wiped off as the market slumped overnight. According to Decrypt, data from Coingecko disclosed that Bitcoin is selling at $63,700,…
In a remarkable milestone for the Bitcoin mining industry, businesses in this sector generated a staggering $2 billion in monthly revenue from block rewards and transaction fees in March. This achievement eclipses the previous record of $1.74 billion set in…
Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations. This was disclosed by the co-founder and Chief Executive Officer, Ray Youssef, in a blog post on Tuesday. He said, “Today, Paxful…
Following Central African Republic’s recognition of Bitcoin as a legal tender without consulting its regional monetary authority, the Central African bank is cracking down on Bitcoin transactions. The Bank of Central African States, which already does not recognize cryptocurrencies, is…
The International Monetary Fund (IMF) has declared central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies. In a new statement, IMF managing director, Kristalina Georgieva said countries were exploring CBDCs and that it would soon become…
