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Bitcoin Investment In Nigeria Rises By 5%
Despite the cryptocurrency losing $562.93bn of its market value in 2022, Nigerians’ investment in Bitcoin grew by over five per cent. The market cap of BTC has dropped from $875.94bn as of December 2021 to $313.01bn as of November 20, 2020. Also, prices have fallen from $46,306.45 to $16,291.83 within the time under review. However,…
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Nigerians Trade N92.25m Bitcoin On Paxful
Despite the ban on cryptocurrency trading, Nigerians traded bitcoin volumes of over N92.25 million ($225K) on Paxful– a cryptocurrency trading platform– from March to June 2021. According to a source in Paxful, reported by the Punch Newspaper, from November 2020 to February 2021, trading volumes from Nigeria was about N73.8 million. The source said, “From…