cryptocurrency
Archbishop Sam Zuga: CBN lacks power to stop cryptocurrency
Archbishop Sam Zuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Reacting to the shocking news, Archbishop Sam Zuga, the CEO of one of Africa’s fastest growing currency, Zugacoin expressed his disappointments at the CBN’s decision, while allaying the fears of Zugacoin investors and intending buyers. According to the Cleric’s message obtained from his social media page, “Cryptocurrency doesn’t need bank account to operate or exist.” He wrote, ”RICH PEOPLE WANT THE POOR TO REMAIN POOR. NOT AGAIN! This is is not news. It has been like this since the beginning of Cryptocurrency. But right n...
Iran’s smog, blackouts made worse by power-sapping crypto mining
Outages have been compounded by cryptocurrency mining, which uses banks of high-powered computers. Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s hardships. Tehran’s Hamshahri newspaper, the country’s most-read daily, ran the headline, “20 Days Living in Smoke,” on Wednesday over a photo of the capital covered in smog. Power plants have been forced to switch to burning low-grade fuel oils to generate electricity because high levels of domestic consumption have led to natural-gas shortages, the semi-official Iranian Students’ News Agency reported. Oil Minister Bijan Namdar Zanganeh denied earlier this week that any of Iran’s power stations are us...
The Role Of Artificial Intelligence In Enhancing Cybersecurity
The Cold War period fostered all sorts of technological advancements, whereas in contemporary times the more technologically advanced the world we have the more cybersecurity is at risk. Combining the quality of artificial intelligence (AI) with cybersecurity, security experts have extra assets to guard helpless systems and information against cyber assailants. After applying this innovation, it brought moment bits of knowledge, coming about in diminished reaction times. Artificial Intelligence And Bitcoins. We can barely avoid the role of artificial intelligence which is more beneficial in bitcoins trading. Bitcoin trader in the cryptocurrency market uses the exchange framework which is automatic in nature in order to earn confined wages. Valuable metals such as silver and gold are compar...
Lil Yachty Is Joining The Cryptocurrency Game with YachtyCoin
Source: Thaddaeus McAdams / Getty If there’s one thing Lil Yachty knows how to do, it’s to secure a bag. The rapper is launching his very own cryptocurrency called “YachtyCoin,” which allows fans to become shareholders in his career. It’s a bold step in the global crypto market that is currently valued at over $500 billion. YachtyCoin, an Ethereum-based coin, is in partnership with a Swizz-based platform called Fyooz. According to their website, it’s a “fully compliant, Swiss regulated, global platform where celebrities and influencers can issue their own cryptocurrency via the process of tokenization on the blockchain.” Once tokenized, fans who downloaded the Fyooz app can purchase the coins on their credit card and invest in their favorite celebrity. In other words, the...
Rollercoaster: Bitcoiners who missed rally feel relief and regret
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February. During her rollercoaster ride, bitcoin prices swung from less than $1,000 to nearly $20,000. O’Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally – but said she does not regret that. Investing $2,705 worth of proceeds into her business was better than enduring the stress of daily fluctuations, even though the price has since doubled, she said. “Honestly, I’ve had more luck in Vegas than I’ve had with cryptocurrencies,” O’Dell said in an interview. She is part of a relatively new class of retail investors who joined the cryptocurrency market years ago, helping pro...
Excision is the Latest Major Electronic Music Artist to Join Audius
One of the most popular artists in dubstep music has joined Audius, the music platform heard ’round the world in late 2020. Excision has officially joined Audius and has a verified account as of today, November 5th, 2020. He is the latest major electronic music artist to join the burgeoning music platform, which utilizes blockchain technology to share music by creators and remit payouts. The renowned Lost Lands proprietor and Subsidia Records founder immediately uploaded 55 tracks, and Audius took to social media to exult in its newest member. With its decentralized platform, Audius has emerged as the music industry’s de facto disruptor in recent months. According to the company’s white paper, it is currently serving over 500,000 users per month. While the service ha...
RAC Has Created His Own Cryptocurrency
Electronic musician RAC has long believed there is a large divide between art and the actual value it provides. With a sea of intermediaries between music artists and fans, including publishers, record labels, and music outlets, RAC believes that music ownership should remain with the art’s creator. RAC has now launched his very own cryptocurrency (like Bitcoin or Ethereum) via Zora, a cryptocurrency-based marketplace where goods are bought, sold, and traded via “tokens.” RAC’s newly minted token is called $RAC, and the currency is built off of the Ethereum blockchain. RAC is banking on the new venture to inspire a paradigm shift in the way artists are paid, and begin to give the power back to artists and creators rather than third party ow...
OP’s Watching: T.I. Named In Fed Cryptocurrency Investigation, Settles For $75K
Source: Ethan Miller / Getty The Feds have their eye on a cryptocurrency scheme that T.I. got inadvertently wrapped up in, allegedly. The Atlanta rapper has been fined $75,000 for his involvement. Reuters reports that on Friday (Sept. 11), T.I., born Clifford Harris, agreed to pay $75,000 to the Securities and Exchange Commission (SEC) to settle charges that he broke securities laws by selling fraudulent crypto-currency investments. The “You Don’t Know Me” rapper and four associates who were involved in companies called FLiK and CoinSpark, which offered up cryptocurrency that Tip promoted. According to the SEC, back in 2017, T.I. was pushing “FLiK tokens” on his social media accounts while claiming he was FLiK co-owner—when he actually was not. Per the settlement, T.I. didn’t confirm nor d...
More Women In Africa are Turning To Cryptos, Research Shows
Sourced from Hacker Noon. The COVID-19 pandemic has brought the global economy to a standstill and put millions of people under financial stress. Understandably, people from all walks of life started looking for alternative income streams. Not only are these side jobs providing women with additional income, but they are also giving individuals an opportunity to develop new skills in the bitcoin and blockchain space. Blockchain skills are in high demand internationally and may unlock new career opportunities or set the ground for running a successful business in the future. Beyond speculative activities, bitcoin already drives a whole range of entrepreneurial ventures including arbitrage, remittance, e-commerce and educational projects, to name a few. /* custom css */ .tdi_3_b38.td-a-...
The Value of Digital Currencies During the Age of COVID-19
Sourced from Hacker Noon. “Money is no longer the commodity it was a decade ago. How we acquire money is changing, and so is the form of money,” writes John Lombela, MD of African investment and tech company Cryptovecs Capital. He says that with the changing business landscape and the digital evolution, the only way one can define their digital future is by becoming familiar and looking at new digital assets especially if they are seeking funding for their business. “Gone are the days of depending on a bank loan or family and friends investing in your business. Entrepreneurs and those seeking funding can now consider cryptocurrency lending because it offers high yielding gains through margin trading on specific exchanges by lending cryptocurrencies,” Lombela continues. This move has result...
Bitcoin Arbitrage: The Story of Free Money
Bitcoin arbitrage opportunity in South Africa. You might be thinking, “What on earth is arbitrage trading?” or “I’ve heard of this before and always wondered what it is”. Whichever one you thought of, we’re going to make the understanding of what it is and how to take advantage of it as simple as possible. OVEX – one of South Africa’s top cryptocurrency exchange and brokerage firms offers a fully managed arbitrage service, register now, sit back and make money. What Is Arbitrage? In a nutshell, arbitrage is purchasing an asset in one market and simultaneously selling it in another market at a higher price and thus profiting on the temporary difference in price. So what is the holy grail of outperforming the market? Taking advantage of inefficiencies in the market is considered ...
Bitcoin is Part of Mainstream Finance, says deVere CEO
Sourced from Ethereum World News. Bitcoin’s historic halving event on Monday underscores that the “long-term future of cryptocurrencies is secure”, says the CEO and founder of one of the world’s largest independent financial advisory organisations. The comments from deVere Group’s Nigel Green come as the world’s supply of Bitcoin was forever slashed. The highly anticipated halving event, occurring only every four years, means that less and less Bitcoin – which is limited to 21 million units – will now be mined. Monday’s was only the third ever halving. In 2012, the number of new Bitcoins issued every 10 minutes fell from 50 to 25. In 2016, it went down from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. Nigel Green says that the “Bitcoin halving event has demonstrate...
