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Tag: Nigeria

Nigerian Upper House Orders Investigation on Crypto Trading

Category: Bitcoin, Commentary, News, Regulation

Nigerian Upper House Orders Investigation on Crypto Trading

The Nigerian upper house has asked the Banking, Insurance & Other Financial Institutions Committee to examine the cryptocurrency market and appraise if investments in digital assets are feasible in two week period. Nigeria is a significant bitcoin market in Africa. However, the country’s lawmakers are going to examine the bitcoin market which snowballed in 2017, thus turning Nigeria’s crypto market…

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BTC-USD Gearing up to Test Recent High at $1139.89

Category: Bitcoin, News, Price Analysis, Price pages

BTC-USD Gearing up to Test Recent High at $1139.89

The break of the $1000 handle points to further gains for bitcoin, with key resistances above $1100. The rising value of the cryptocurrency over the past year has been bolstered by sensible regulation from China’s central bank, demand from large emerging economies such as Nigeria and India, as well as an increased public awareness of bitcoin. The Case for Bitcoin…

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What is Going on with Bitcoin in Nigeria?

Category: Bitcoin, Commentary, News

What is Going on with Bitcoin in Nigeria?

The interest in Bitcoin explodes in Africa’s biggest economy. The government cripples the regular remittance industry and remains unable to stop the devaluation of the domestic currency, the Nigerian naira. But shady investments and the famous Nigerian ‘princes’ might play a role; which is why the central bank has partially banned Bitcoin. For months Nigeria has taken the lead in…

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PBOC Restates Warnings, Nigeria Follows Suit

Category: Altcoins, Bitcoin, News, Regulation

PBOC Restates Warnings, Nigeria Follows Suit

Following reports of the PBOC investigating major Chinese Bitcoin exchanges through random audits to bring to light any signs of market manipulation or other illicit financial transactions, reports have come in confirming the worries which instigated the issuing of warnings to traders in the first place. Due to these worrying signs, BIT’s Shanghai headquarters and Shanghai Finance office are participating…

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