Crypto News

Crypto News

JP Morgan first backed by a US bank

JP Morgan first backed by a US bank.

American investment bank JP Morgan has created a cryptocurrency to help settle payments between clients in its wholesale payments business. JPM Coin is the first digital currency to be backed by a major American bank. The cryptocurrency, which is powered by blockchain technology, has been used successfully to move money …

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Why Nigeria is a world leader in Bitcoin

Why Nigeria is a world leader in Bitcoin trading

More cryptocurrency trading takes place in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment, as Ijeoma Ndukwe reports. Tola Fadugbagbe remembers moving to Lagos from her small southwestern town 10 years ago with dreams of better prospects. Instead, the …

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Salon magazine extracts crypto cash

Salon magazine extracts crypto cash

If a reader chooses to block their advertising, the American publication Salon will use that person’s computer to search for Monero, a cryptocurrency similar to Bitcoin. The creation of new tokens of a cryptocurrency generally requires complex calculations that consume a lot of computing power. Salon told readers, “We intend …

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