BTCs Mining CORE Mainnet is live, Airdrop on February 8, Don’t Get Your Hopes Up!
Nigeria Bitcoin Community
by Press Release
1d ago
The CORE community is supposedly excited because the coins they have been mining on the BTCs mobile mining app will be airdropped to them soon. While this may sound like good news to the community, it doesn’t mean that they’re about to become rich. They may just find out that they have been wasting precious time. CORE Mining Airdrop Announcement – Not a Proof Of Profitable investments. Although CORE miners do not believe that BTCs mining is a scam, it probably is because 1. It is obvious now that nobody is receiving any Bitcoin (BTC) rather they are receiving CORE tokens which are not equivale ..read more
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Top 3 Apps To Invest Your Money For Maximum Returns In 2023
Nigeria Bitcoin Community
by Paschaline Anagor
1d ago
Hey, folks, have you started investing yet? If “nay,” then what are you waiting for? In this post, I shared the top three apps that you can use to invest and grow your money sustainably in 2023. You can watch Mr Jude Umeano as he reveals his top 3 investment apps for 2023 and also read the article that follows. Post Summary Short-term Vs. Long-term Investments Top 3 Investment Apps For 2023 Bamboo PiggyVest Pillow How To Invest In Pillow Conclusion Short-term Vs. Long-term Investments A valid question to ask yourself is this: Is your investment goal short-term or long-term? Notice that a ..read more
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PiggyVest: How To Maximize Your Savings In 5 Ways
Nigeria Bitcoin Community
by Paschaline Anagor
2d ago
In all honesty, you don’t need to be told to start saving money given the situation of the Nigerian economy right now. LoL! Luckily, we have a number of fintech companies in Nigeria that make it easier for people to save their money for good returns. PiggyVest is one such company. It has become the most popular firm in Nigeria that offers up to 25% returns on users’ savings. I bet you love what you are seeing already?. Continue to read this post, and you will see where I explain how you can begin saving with PiggyVest. Post Outline What Is PiggyVest? What Can You Do With PiggyVest? A Peek In ..read more
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Introducing Lifestyle – A New Category on the Blog
Nigeria Bitcoin Community
by Press Release
5d ago
Heads up, guys… A new bae is about to grace your screens! I’m talking about our new category of posts tagged Lifestyle. This category will border on gists and hot news in the crypto space. It is said that change is the only constant thing and that is true of the crypto and blockchain sphere. We see new projects and influencers popping up every now and then, and oftentimes, one might miss out on what’s trending. But not anymore! The Lifestyle category is here to keep you updated. What To Expect We at Nigeria Bitcoin Community are committed to spreading the crypto gospel and here is yet another ..read more
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Djed Stablecoin Is Live – Will This Help The Value Of Cardano (ADA)?
Nigeria Bitcoin Community
by Chinma Udeji
6d ago
This post is a concise review of Djed, the newly launched Cardano stablecoin. The collapse of Terra Luna (UST) made crypto enthusiasts lose interest in stablecoins that are backed by other cryptocurrencies. If you recall, investors recorded massive losses and shed well-filling tears on Twitter.  Despite this negative incident that marked the sands of time in crypto, Cardano (ADA) went ahead to launch an over-collateralized stablecoin, which has a similar mechanism as Terra’s UST. What were Cardano developers thinking? And what good can possibly come out of this new coin? Keep reading for ..read more
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Proof Of Reserves: Are Your Funds Safe With Crypto Exchanges?
Nigeria Bitcoin Community
by Paschaline Anagor
6d ago
“Proof of Reserves” is a concept that ensures that a given exchange or wallet has the funds it claims to have. The term has been quite popular since the FTX debacle. In this post, I discussed what “proof of reserves” is, why it is crucial, and how to know that an exchange safely holds your funds. Key Takeaway Proof of Reserves is used by exchanges to publicise their asset holdings. It is made up of two kinds of reserves: “assets” and “liabilities.” An independent audit firm carries out proof-of-reserves using the Merkle tree, a cryptographic data structure. The essence of proof-of-reserv ..read more
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What Is CBN Hiding From Nigerians? – The Real Reason Behind The Crypto Ban
Nigeria Bitcoin Community
by Press Release
6d ago
Just yesterday, a lady made a joke about the recent hot chase for new naira notes. She said, “bankers and gas station attendants are the gods of the land for now.” (LOL) And I’m sure you can relate, especially if you are living in Nigeria at the moment. We have been told that a major reason for the creation of new naira notes is to expose thieves who have piled up the nation’s currency notes in their houses. While we can’t say if that goal has been met, it does remind us of when CBN banned crypto transactions for a similar reason. Obviously, it would take more than a ban to stop crypto transac ..read more
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Explaining Crypto Networks: ERC-20, TRC-20, BEP-20, and More…
Nigeria Bitcoin Community
by Guest Author
6d ago
A blockchain is a distributed ledger technology that links computer network nodes. Users on a blockchain-based network can make financial transactions and create apps without relying on any one server or governing body to maintain or process the data. Information is electronically and digitally preserved on a blockchain. Blockchain technology underpins decentralized digital currency networks such as Bitcoin and Ethereum, as well as hundreds of useful and profitable applications in sectors as diverse as finance, fashion, and gaming. Blockchain technology is unique because it eliminates the requ ..read more
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Last Week In Crypto | 30th January 2023
Nigeria Bitcoin Community
by Emmanuel Ademakin
6d ago
Hello everyone! Welcome to another episode of crypto weekly, where you get updated on the significant events shaking the cryptoverse over the past few days. On today’s episode of crypto stories and happenings, we bring you the following: Wanted Crypto Queen Makes Headlines After Five Years in Hiding The Rise of AI-Focused Cryptocurrency Projects in 2023 Coinbase Fined €3.3 Million Over Non-registration In the Netherlands Let’s jump right in; 1. Wanted Crypto Queen Makes Headlines After Five Years in Hiding OneCoin founder Dr Ruja Ignatova has resurfaced more than five years after vanishing f ..read more
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Ethereum Virtual Machine Explained – What Is EVM And Why Is It Important?
Nigeria Bitcoin Community
by Chinma Udeji
6d ago
What is the Ethereum Virtual Machine? Ethereum Virtual Machine (EVM) is a distributed state machine that enables and executes smart contracts on Ethereum. Why is the Ethereum Virtual Machine (EVM) important? When a smart contract platform is EVM-compatible, it means it is interoperable with Ethereum. Developers usually look out for this feature because they want to be able to move their projects from Ethereum to the new platform. Also, investors prefer to invest in projects that have EVM because it points to their scalability.  Keep reading for a more detailed explanation. Ethereum Virtua ..read more
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