bitcoin news

A new study warns that Bitcoin and other cryptocurrencies like it could help push the Earth’s temperature past the 2°C global warming threshold in only a couple decades. The reason lies in how bitcoin and similar digital money works: by utilizing substantial hardware resources, gobbling up...

In our recently published report, ‘The Generation Game’, we made an interesting discovery. Our research found that 11% of under-45s said investing in cryptocurrency had.... Read more via Sanlam – https://ift.tt/2PUJAaG Get more: Nigeria Business News

As the value of Bitcoin tumbles at the cryptocurrency market, Nigerian’s stake in the market declined dropping to N1.51 billion as against N1.733 billion which it was at the beginning of last month. The value of the cryptocurrency dropped by 7.16 per cent within seven dayto fall below …...

Hackers stole more than $30 million worth of cryptocurrencies from South Korea’s top bitcoin exchange, sending the unit’s price falling around the world on Wednesday. Read more via TODAY.NG – https://ift.tt/2ljA4k3 Get more World News

Bitcoin extended losses for a third day, tumbling as much as 6 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a “cyber intrusion” in its system. The largest cryptocurrency declined 5.1 percent to $7,242 as of 5:28pm Hong Kong time, the … Read more via More...

American billionaire Warren Buffet has again hit at cryptocurrencies during the 2018 Berkshire Hathaway annual shareholders meeting, referring to the digital currency as “rat poisoned squared.” Read more via NaijaBizCom.Com – https://ift.tt/2rPvSvo Get more World News

What is the endgame for bitcoin? This is the continuing debate among the virtual-currency community. Read more via MarketWatch.com – Top Stories – http://ift.tt/2uc7LeO Get more: Nigeria Business News

The Associated Press reports of a Bitcoin heist in Iceland where thieves stole some 600 computers used to "mine" bitcoin and other virtual currencies. "Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the ‘Big Bitcoin Heist,’" reports the Associated...

A new version of a classic online scam is percolating on Twitter. And while anyone even halfway paying attention likely wouldn’t fall for it, the trick has already raked in thousands of dollars of ethereum and bitcoin in less than a week. Read more via Feed: All Latest –...

The $500 million hack doesn’t seem to be scaring investors too much. On Friday, Jan. 26, news broke that a Tokyo-based cryptocurrency exchange had been hacked, and hundreds of millions of dollars’ worth of cryptocurrency had been taken. While you may think this could scare investors and send the...

Billionaire investor George Soros has described the most popular cryptocurrency bitcoin as a bubble, and said it represents a safe haven for authoritarian regimes. “Normally when you have a parabolic curve, eventually it has a very sharp break,” Soros said at the World Economic Forum in Davos on...

The Central Bank of Nigeria has warned Nigerians and financial institutions to stay away from bitcoin and other digital currencies. The apex bank said the virtual currencies are not legal lenders in Nigeria and are unacceptable. The bank called on financial institutions not to transact...

The head of Britain’s financial market regulator said bitcoin is not a real currency and warned people could lose all their money if they invest. Andrew Bailey, head of the Financial Conduct Authority (FCA), told the BBC the cryptocurrency was not a secure investment and was similar to...

Controversial lending scheme, MMM will soon join the over 1400 cryptocurrencies in existence if statements by its founder Sergei Mavrov are anything to go by. Information from the coin’s website shows it is scheduled to launch on the 29th of December. The Mavro is also touted as the world’s...

The value of bitcoin, the popular cyrptocurrency has hit an all time high. When it was first introduced, it goes for around $10 per coin, but now, it goes for around $5000 per coin. For Nigerian investors and those interested in investing, here are top 5 ways to convert your coins into Naira...

The value of digital currency bitcoin on Friday hit a record high on talks of approval of the first U.S. bitcoin exchange-traded fund by the Securities and Exchange Commission. Bitcoin climbed to a record $1,298 on the BitStamp platform. Its last trading value on Friday was $1,263.01, up nearly...