Crypto Coins News

China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges

4 months ago adcity Comments Off on China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges
Finance After shutting down the country’s bitcoin exchanges, the Chinese government is monitoring the booming cryptocurrency over-the-counter (OTC) market. A recent government report shows that 680 million yuan, approximately $103 million, were traded in the last two weeks of October on the top three international OTC trading platforms. Also read: China May Try to Block All Read More

(+) Asian Market Update: Asian Stocks Fall as Bitcoin Takes a Breather

4 months ago adcity Comments Off on (+) Asian Market Update: Asian Stocks Fall as Bitcoin Takes a Breather
Bitcoin put up an epic rally this week, upstaging equities and political developments centered on tax and the Federal Reserve. An impressive rise in crude oil also made headlines, as investors continued looked on favorably to speculation that OPEC is considering extending its production cuts well into 2018. // — Discuss and ask questions in Read More

Nigerian car culture is part identity, longing, and status

4 months ago adcity Comments Off on Nigerian car culture is part identity, longing, and status
Toward the end of Chimamanda Adichie’s best-selling novel Americanah, Ifemelu, a Nigerian woman who has just returned to Lagos after over a decade of living in America, sits beside her ex-boyfriend as they drive to his private club in upscale Victoria Island. Adichie writes that Ifemelu “would remember this moment, sitting beside Obinze in his Read More

Someone on Reddit hinted at the Paradise Papers 16 days before they were released

4 months ago adcity Comments Off on Someone on Reddit hinted at the Paradise Papers 16 days before they were released
On Sunday, Nov. 5, journalists at nearly 100 media organizations began publishing stories on a massive document leak revealing financial information about the offshore accounts of the ultra wealthy. At 1.4 terabytes, the trove dubbed the Paradise Papers is second in scale to last year’s Panama Papers (2.6 TB) and includes details on elites from Read More

Is it really any easier to do business in Nigeria?

4 months ago adcity Comments Off on Is it really any easier to do business in Nigeria?
Last December, Tope Akindele, took on a new challenge as an accountant with a new hotel in Ondo, in Nigeria’s southwest. The big hope for the business was to find its feet quickly and look towards turning a profit but less than a year later, it’s unlikely that’ll be the case soon. “At the end Read More

Vietnam Bans Bitcoin Payments, Global Markets Unfazed

4 months ago adcity Comments Off on Vietnam Bans Bitcoin Payments, Global Markets Unfazed
Four days have passed since the State Bank of Vietnam had announced that cryptocurrencies are illegal means of payment in the country. Prime Minister Nguyen Xuan Phuc, the official who shut down Bitcoin payments, has achieved his goal of building the new legal framework for cryptocurrencies in Vietnam. His solution? Ban all cryptocurrencies. Following Indonesia, Read More

Bitcoin May Change it All: Brief History of Interest, Inflation

4 months ago adcity Comments Off on Bitcoin May Change it All: Brief History of Interest, Inflation
Interest is a subject with a very chequered history that today works hand-in-hand with inflation to control the world’s major economies. The story of interest is as old as that of money, but recently digital currencies have begun to add a major wrinkle. Once humans had invented currency to facilitate trade it became a common Read More

Credit Suisse CEO Has No Appetite for Bitcoin, Cries “Bubble”

4 months ago adcity Comments Off on Credit Suisse CEO Has No Appetite for Bitcoin, Cries “Bubble”
While the lack of regulation and use by criminals once formed the basis of attacks on Bitcoin, “bubble” is the latest condemnation used by skeptics. Credit Suisse CEO Thiam used the same logic to attack Bitcoin. Speaking at a news conference in Zurich, Thiam said: “From what we can identify, the only reason today to Read More

Bitcoin Dominance Index Surpasses 61% for First Time since March

4 months ago adcity Comments Off on Bitcoin Dominance Index Surpasses 61% for First Time since March
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. For the first time since March of this year, the bitcoin dominance index has surpassed 61 percent, further solidifying bitcoin’s position as the leading digital currency within the global cryptocurrency market. From January to September, the dominance index of bitcoin has declined Read More

(+) Bitcoin Hard Fork: The Game Plan

4 months ago adcity Comments Off on (+) Bitcoin Hard Fork: The Game Plan
Bitcoin’s upcoming fork is arguably its most divisive one yet. Clear battle lines have been drawn, setting the stage for a potentially Lutheran-style schism in the blockchain community. (Note: the author is being a bit dramatic, but all signs seem to show that a serious divergence is building momentum.) // — Discuss and ask questions Read More