Bitcoin made further drastic losses sinking below $6,000 for the first time since May 2019 due to a coronavirus scare.
The Nigeria’s local bourse began on Monday morning on a bearish note amid a slump in crude prices, which fell over ▼10% , as Brent oil was trading below $35 causing a shortfall in revenue to Nigeria’s 2020 budget,
Bitcoin is characterised by booms (when the price goes up) and busts (when the price falls) that have been sources of major criticism.
Vodafone has announced its exit from Libra Association, a cryptocurrency owned by Facebook, three months after Mastercard and Visa pulled out.
Akon will now have his own City situated in Senegal after finalising agreement with the government of Senegal.
The use of Bitcoin is rising in Nigeria despite the warnings given by the Nigerian Senate and the Central Bank of Nigeria (CBN) against it.
Luno has made investment in the global cryptocurrency platform easier as it allows customers to buy Ethereum on its exchange using Nigerian Naira.
Online payments company, Paypal has announced that it is no longer in partnership with Facebook’s Libra.