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Bitcoin prices have been climbing significantly over the past week as we saw prices rise from the ashes to current figures of over $10k. The week began with prices coasting along the $8k range, but confidence has been building as no major announcements come from South Korea and other Asian nations. Furthermore it seems the […]
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Samsung Electronics is mass producing chips – called application-specific integrated circuits (ASICs) for mining Bitcoin and other cryptocurrencies. Samsung which operates one of the world largest semiconductor manufacturing factory announced in its fourth-quarter earnings that it expects to boost earnings this year due to increased demand for cryptocurrency mining equipment. A Samsung spokesperson told local media, “We are […]
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The Nigerian Senate on Tuesday asked the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, National Orientation Agency and Nigerian Stock Exchange to embark on a national awareness campaign against investment in Bitcoin and Ponzi schemes in Nigeria. This was due to a motion titled, ‘Urgent need to investigate the proliferation of Bitcoin, a form […]
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