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Bitcoin: Navigating The Dip
A person or group of people operating under the name Satoshi Nakamoto launched Bitcoin in 2009. A worldwide army of enthusiasts swiftly adopted the cryptocurrency. It currently has user dashboards looking like the silhouette challenge however. HOW BITCOIN WORKS Bitcoin is a digital currency which has no ties to any bank or government. Bitcoins are…
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Bitcoin in Nigeria: After the Ban
Recently, the Central Bank of Nigeria (CBN) banned Nigerian banks from dealing in all forms of cryptocurrencies; including bitcoin. Why was Bitcoin banned? The Central Bank of Nigeria cited ‘use of digital currency for laundering and terrorism‘ as the chief reason for banning cryptocurrencies. This comes shortly after several bulls run in the price of…