Intercontinental Exchange, Blockstream move to save crypto-currency from crashing.

January 19, 2018

Intercontinental Exchange, a leading operator of global exchanges and clearing houses, providing of data and listings services, announced Thursday, it had partnered Blockstream for the launch of the Crypto-currency Data Feed. Blockstream, which is a leading provider of block-chain technologies, builds technologies that help crypto-currency to reach its full potential. It also improves crypto-currency market […]

Nigerian startup, SureRemit raises $7m for blockchain-based remittance service

Bukola OdufadeJanuary 18, 2018

Nigerian startup, SureRemit announced Thursday that it had raised $7 million via an initial coin offering (ICO) to roll out its digital voucher system that makes payments easier, cheaper and cashless. SureRemit is a Nigerian based non-cash remittance platform with international merchants such as Amazon, Samsung, and Airtel. It had launched the ICO in a […]

Bitcoin price continues to fall as Putin says legal regulation of cryptocurrency ‘definitely required’

Businessam StaffJanuary 17, 2018

The price of Bitcoin continued to fall Wednesday, as Vladimir Putin said legislation regulating the cryptocurrency market could be needed in the future in Russia. The Russian President discussed the risks of cryptocurrencies, saying they are efficient but also “not secure”, adding that more regulation “will be definitely required”. Speaking to Russian news agency TAAS, […]

Bitcoin slides 18% on crackdown fears as crypto rivals plunge

Businessam StaffJanuary 16, 2018

Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown. Bitcoin’s slide triggered a massive selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent […]

One of the world’s biggest economies just banned bitcoin

Businessam StaffJanuary 12, 2018

Bitcoin has been dealt a huge blow by one of the world’s biggest economies, as South Korea announced plans to outlaw the controversial cryptocurrency. Notoriously volatile virtual currencies plunged in the wake of a government announcement – bitcoin shed almost $2,000 in hours and is currently hovering above the $13,000 marker. The country’s justice minister […]

Malaysia not considering digital currency Illegal- Deputy finance minister

Goddey OdinJanuary 3, 2018

Datuk Seri Johari Abdul Ghani, Malaysia deputy finance minister stated that the country is not considering any plan to effectively deem cryptocurrencies to be illegal amid conflicting reports about what the future may hold for Bitcoin. That seems like a good news, although the actual regulation has yet to be presented to the world. As a lot of countries […]

Bitcoin rally pauses at $16,000 amid threat of regulator clampdown

Businessam StaffDecember 27, 2017

Bitcoin has rebounded after a pre-Christmas slump, despite clampdown plans over “bubble” fears. On Wednesday it crossed the $16,000 mark again, after losing more than 30pc of its value in one day and plunging to lows of $12,000 last week. The cryptocurrency began the year below $1,000 but saw a staggering rise, despite warnings of […]