Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. He also adds that this market is popular with corrupt individuals because it enables them to facilitate their illegal activities. Parallel Market Tainted Emefiele’s remarks were prompted by reports in late November that the local Naira currency has…

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3 key ways 2021’s Bitcoin bull run may differ from 2017’s

After a rather lengthy wait, Bitcoin price is finally back to the same price range it was in 3 years ago. Back in 2017, when the Bitcoin (BTC) price peaked near $19,900, most altcoins also posted 200% or higher weekly gains. Fast forward to the present time, and BTC’s $19,100 price is virtually identical to where it was on Dec. 17 2017. One might think that not much has changed, despite some altcoins crashing, but that couldn’t be more distant from the truth. Crypto market data daily view. Source: Coin360…

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Researchers say Ripple’s protocol ‘may fail badly’

Researchers from the University of Bern have released a report claiming Ripple’s consensus protocol “ensures neither safety nor liveness.” In a blog posted yesterday from the university’s Cryptology and Data Security Research Group, researchers Christian Cachin, Amores-Sesar, and Jovana Mićić released an analysis alleging the payment firm’s consensus protocol could allow users to potentially “double-spend a token” and halt the processing of transactions. The trio set up examples of the Ripple protocol using different numbers and types of nodes to illustrate possible violations of safety and liveness (a term for…

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Lightning Network And Gaming With MintGox – Bitcoin Magazine

Listen To This Episode: On this episode of the Bitcoin Magazine Podcast, CK sits down with the team behind the MintGox Lightning-enabled gaming initiatives. Desiree Dickerson of Lightning Labs, Simon Cowell and his colleague at ZebeDee Christian Moss take turns discussing why Bitcoin and Lightning are such game changers for the future of human commerce in general, and gaming specifically.  One of the key points of the conversation revolves around how it is necessary for folks to onboard onto Bitcoin without permission, and to onboard directly onto the Lightning Network…

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Titan Announces North American Bitcoin Mining Pool – Bitcoin Magazine

Cryptocurrency mining software provider Titan announced the creation of Titan Pool, a bitcoin mining pool based in North America. An announcement shared with Bitcoin Magazine emphasized the enterprise-grade services that participants in the pool would receive, as well as the importance of its geographic location. “Asia and Europe account for nearly all mining power on the Bitcoin network, with the vast majority of pools based in China,” per the release. “The Titan Pool offers a powerful North American alternative and a way for the continent’s Bitcoin miners to achieve the…

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Caribbean Crypto Hotbed: More Than 40 Businesses Accept Bitcoin Cash in Antigua

Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services. During the last few years, a myriad of Caribbean-based island nations are getting into digital currencies. Many Caribbean regions such as Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands, and Antigua and Barbuda have become…

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Kraken pledges $150,000 to Ethereum devs in latest Gitcoin Grants Round

The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin. Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used as guidance to identify the projects that should receive the most matched funding. The quadratic formula ensures that separate contributions are weighted more than a single large donation. For example, two people donating 1 Dai will result in a much higher match than just one…

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Dangers of hosting your own Eth2 node, explained

Allnodes can offer an affordable alternative to doing everything yourself, reducing the risks of financial penalties and slashing. The company offers an intuitive user interface, and two easy-to-understand hosting plans to ensure that customers can make an informed decision. This is coupled with support teams who are online 24/7, all year round, and free node maintenance with instant and unlimited upgrades. Validator keys are given multi-level protection to prevent them from being stolen and lost, and all of this is achieved while ensuring that only users have access to their…

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First AMM Layer2 DEX ZKSwap Announces Testnet Incentive Program with 1 Million ZKS Tokens Rewards

Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed … read more. Major Australian Investment Firm Moves From Gold to Bitcoin A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin.…

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Roll-ups to preserve Ethereum’s DeFi monopoly despite competitors: Messari

Crypto data aggregator Messari believes that roll-ups will beat out Layer 1 solutions in the race to scale Ethereum. Although Eth2’s beacon chain genesis successfully took place on Dec. 1, analysts predict the upgrades spanning the Ethereum 2.0 overhaul will not be completed until 2022. As such, Messari recently asserted the wait for Eth2’s completion “leaves an opportunity for other low-fee, low-latency competitors to eat into Ethereum’s monopoly.” “Those snake-bitten by rising fees will inevitably explore alternative platforms with better transaction throughput and lower fees if they haven’t already.” Despite…

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