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Bitcoin trading in Nigeria has soared to over $1 million a week. This huge trading volume has been verified by independent sources including LocalBitcoins reveals the huge scale of Bitcoin use in the country amid significant development over the last year with various payment processors integrating the cryptocoins into their existing services. Increasing use by importers has also lead to increased Bitcoin demand as the number of business using Bitcoin to trade with china for resources…

The Nigerian economy has recently fallen on hard times as the Oil industry remains under the tight controls of the National banks. Losing out on a couple of billion dollars in revenue the entire economy has moved closer to an official state of recession.  However Mercuria chief Marco Dunand, revealed his positive view on the blockchain technology as he remarked at a Reuters even that it could possibly streamline the selling and buying process and…

The Bitcoin price was relatively volatile last week frequently dipping under the $600 mark as market was stormy. The support being broken at the $600 level was pivotal to the volatility experienced as investor confidence dipped and the sell off had begun. However this week has seen a much better start as the $600 market has been reconsolidated. The graphs currently look healthy as busy signals are attached to the market as markets move on…

Gold and the blockchain are two very different entities. One ancient and used for centuries and trusted by the entire world was the most widely used medium of currency. However paper currencies have revolutionized the way we trade but could Bitcoin and the blockchain be the next step up? The increase in foreign exchange controls in many countries has meant paper currencies are hugely affected by governmental regulation. The blockchain has become the future of…

With everything going on around Nigeria’s economy, the rise in inflation rate, which is now about 13.7% compared to about 8% which was the inflation rate about this time last year. The fall in the price of crude oil to about $49.10, which happens to be the major source of revenue for the country and with pipeline vandalization, destruction of oil and gas facilities in the Niger Delta region which have caused the country huge…

Trading bitcoin against altcoins is a very profitable venture as long as you are willing to be patient and adopt some useful strategy. I may not be a professional forex trader but the little i have learnt through self study and practical experimentation is really helping in my crypto trading and has helped me to become very experienced. Some common strategy that are of help to make profit include 1 Buy cheap and sell high…

As we all know Bitcoin is the pioneer of all crypto currencies that exists today. The purpose of this post is to inform the readers of 3 ways to make money from bitcoin and other cryptos called alt coins. Get more information about alternative coins at coinmarketcap.com 1. MINING: This is a way of getting these coins and then sell it. it does not come that cheap though. Mining is simply solving complex mathematical problems…