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Majority of Nigerians Have Faith in Bitcoin

April J, 2017
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Majority of Nigerians Have Faith in Bitcoin A recent survey indicates that Nigerian trust Bitcoin more than gold when it comes investments. Bitcoin is rightly deemed as the “Digital Gold”. The cryptocurrency, introduced to the world in 2009 has all the properties of gold, except for the weight and these features aren’t lost on the Nigerian cryptocurrency community. Bitcoin has a huge presence in African nations, and Nigeria is one such African country which recently ranked high in Google Trends…

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Cyprus SEC gets Tough on International Forex, Bitcoin Traders

April J, 2017
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Cyprus SEC gets Tough on International Forex, Bitcoin Traders International Forex trading hub Cyprus has signaled that “comply or close shop” standards will be enforced within nine months, causing uncertainty among FX companies, some of them holding Bitcoin/fiat positions.   Retail trading companies located on the island offering clients Bitcoin/fiat pair options have yet to be instructed on Bitcoin options but the latest Cyprus Securities and Exchange Commission (CySEC) statements and the Central Bank of Cyprus’ view on cryptocurrencies may…

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Buy Bitcoin at Paybis With Credit Cards, Its Easy

April J, 2017
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 Buy Bitcoin at Paybis  With Credit Cards, Its Easy   EDINBURGH, Scotland, April 5, 2017 /PRNewswire/ — Users on the leading digital and cryptocurrency exchange platform Paybis can now buy Bitcoin instantly with their credit card. The new feature makes Paybis one among the few platforms that offer such an option.   Paybis accepts credit cards issued by major providers like Visa, MasterCard, etc. on its secure platform. Those making use of the "Bitcoin with Credit Card" option on the…

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Bitcoin Steams Ahead

April J, 2017
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Bitcoin Steams Ahead Cryptocurrency enthusiasts will have noticed that bitcoin’s price has been going up steadily over the past few days. It is always difficult to pinpoint the exact reason for this behavior. Japan’s new cryptocurrency regulation went into effect, and there is a big bitcoin marketing campaign on the /r/place subreddit. Both factors may contribute to future bitcoin price gains moving forward. BITCOIN PRICE PREPARES FOR ANOTHER MAJOR RALLY It is impossible to deny the recent bitcoin price gains.…

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Poloniex-Traders-Panic-and-Suffer-Losses-Due-to-System-issues

April J, 2017
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Poloniex – Traders Panic and Suffer Losses Due to System issues Plenty of cryptocurrency traders are not too amused with Poloniex right now. The popular altcoin exchange suffered from several brief outages yesterday. During the panic, the Ripple price crashed hard and Ethereum lost US$1bn in market cap. It is unclear what occurred exactly, but we do know traders lost a lot of money in the process. It is unclear what will happen to the people who lost money, though.…

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Bitcoin Recognised as a Currency in Japan

April J, 2017
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Bitcoin Recognised  as a Currency in Japan Bitcoin has finally gained the recognition of a mainstream currency along the lines of other fiat currencies. The privilege follows the implementation of a new law in Japan which categorizes Bitcoin as a legal payment option within the country. The much-awaited law went into effect on April 1, 2017 (beginning of a new fiscal year in many countries). With the new law’s implementation, Bitcoin exchanges will also come under additional regulatory scrutiny. The…

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Bitcoin vs Gold: Which is a Better for Long Term Investment

April J, 2017
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Bitcoin vs Gold: Which is a Better for Long Term Investment   Imagine that you have $100,000 at your disposal. You must spend all of it on either bitcoin or gold – no mixing and matching – and the assets will then be stored in a trust that cannot be accessed again for 50 years. Which option would you choose? With the two commodities now in roughly the same price range, it's worth putting aside some of bitcoin's short-term volatility…

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Indians Petition Government Demanding Legal Status for Cryptocurrencies

April J, 2017
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Indians Petition Government Demanding Legal Status for Cryptocurrencies The Indian cryptocurrency ecosystem recently woke up to a shocking news on leading media outlets. It was reported that the use of Bitcoin in the country is illegal and could attract penalties under anti-money laundering laws. However, the report was not entirely accurate, and the news platforms were quoting a Member of Parliament seeking the implementation of cryptocurrency regulations by calling Bitcoin a “Ponzi scheme”. While the confusion was eventually cleared, the…

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