The Central Bank of Nigeria joined a growing list of emerging markets betting on digital money to cut transaction costs and boost participation in the formal financial system.
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Elon Musk helped shiba inu vault up the ranks of the largest cryptocurrencies by market value. Now the meme token is down after he said he doesn’t own any.
“When they get you, they will want the tax, plus interest and penalties. Then you’re really in trouble.”
Bitcoin has stalled out after reaching a record on Wednesday, but strategists are already setting out their stalls for how high the next rally will take it.
Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first US bitcoin futures ETF.
Bitcoin smashed through its previous record high on Wednesday as the first US bitcoin futures-based exchange-traded fund looked set to open firmer.
The techno-anarchist pioneers of cryptocurrencies believed they were creating a new form of unregulated, decentralised money. They couldn’t have been more wrong.
Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of an ETF could herald investment flows.
Bitcoin hit $60 000 for the first time in six months on Friday, with a record high for the cryptocurrency clearly in sight.
Nigerians are turning to crypto for business, to protect their savings as the naira loses value, and to send payments abroad.