Pillow aspires to be an all-in-one platform that says it helps even newbie users save, spend and invest in cryptocurrency. The Singapore-based startup announced it has raised $18 million in Series A financing co-led by Accel and Quona Capital, with participation…
Central Bank of Nigeria bans banks from servicing crypto exchanges
The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on Friday. According to the central…
Cryptos having better technology than Bitcoin
A top crypto rating agency Weiss Ratings, recently disclosed that many cryptos are having a better technology experience than XRP and the world’s flagship crypto, Bitcoin. It further explained that it was able to make such judgment by using a…
Bitcoin Mining just got harder, as mining difficulty reaches an all-time high
Lately, it has gotten harder to mine the world’s most valuable crypto. Data from Glassnode, a crypto analytic firm, showed that mining difficulty increased by 3.6% and is at an all-time high. It recently just hit another all-time high, after…
Daniel Adekunle: Young entrepreneur designs Nigeria’s first Bitcoin ATM
At a hippy chill spot in one of the most popular areas on Lagos Island, there is an Automated Teller Machine (ATM) which seems a well-orchestrated business strategy. It’s pretty normal for a business like Dazey Lounge and Bar, Oke-Ira,…
BITCOIN IS NOT LEGAL TENDER IN INDIA: FINANCE MINISTRY
Last week the Ministry of Finance said that virtual currencies (VCs), including bitcoins, are not currencies. “VCs are not currencies. These are also being described as ‘coins’. There is however no physical attribute to these coins. Therefore, VCs are neither…
Buoyant bitcoin stirs crypto-bubble fears
Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds…
Japanese Retail Giant Accepts Bitcoin Nationwide after Successful Trial
Japanese electronics retailer Bic Camera will enable bitcoin payments across all stores in the country this month. Tokyo-based consumer electronics retail chain Bic Camera becomes the latest major retailer to accept bitcoin throughout Japan, a report by Nikkei confirmed today. The trial…