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Crypto Crash Abates As Bitcoin Bounces Back To $42,000
On Wednesday, May 19, 2020, the flagship cryptocurrency, bitcoin, fell to more than three-month lows, dropping to about $30,000 at one point for a pullback of more than 30%. Bitcoin crash wiped out more than $500 billion in value from the coin’s peak market value, erasing all the gains it clocked up following Tesla Inc.’s…
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Nigeria’s Bitcoin Crackdown Sets Off Global Crypto Debates
The recent directive by the Central Bank of Nigeria to shut down crypto trading in the country has driven conversations by governments around the world on how to regulate Bitcoin and other cryptocurrencies without stifling innovation. Nigeria’s directive which was met with backlash had prohibited banks and financial institutions from facilitating payments for cryptocurrency exchanges…
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Bitcoin/NGN Daily Trading Is Four Times The Value Of Trade Done On The Nigeria Stock Exchange
Nigeria is Africa’s largest economy and with a population of over 200 million people, it has the highest interest in Bitcoin globally. According to a recent report released by Google, Nigeria emerged the first amongst other countries around the world in Bitcoin searches on Google. In the last five years, the number of bitcoin traded…