Connect with us

All News

Central Bank Governor of Nigeria on Bitcoin



Godwin Emefiele from Nigeria is one of the regulators concerned about the nature of Bitcoin, one of the most popular cryptocurrencies, because of high volatility that it makes it easier to commit crimes, hacks and frauds.

Nigera Regulations


He said that investing in digital currencies is a gamble and they need to be carefully regulated.

“Cryptocurrency or bitcoin is like a gamble, and there is a need for everybody to be very careful,” Central Bank of Nigeria Governor Godwin Emefiele said in a recent interview on Wednesday at his office in the capital, Abuja. “We cannot as a central bank give support to situations” where people risk savings just to “gamble,”

“I have asked my colleagues in the research and monetary-policy department to study the market and get to know what the issues are,”

The central bank may in future “make some very concrete pronouncements as to the direction,” he said, without giving details.

Cryptocurrencies have been rising in West Africa’s biggest economy, with peer-to-peer transactions climbing almost 1,500 percent this year, getting close to China, according to LocalBitcoins.


All News

Ether Donation to Anti-Aging Research




Vitalik Buterin has made a donation of $2.4 million worth in Ether to the SENS Foundation, which is a charity fund that focuses in anti-aging research.

Ether Donation

The foundation was co-founded back in 2009 by Audrey de Grey. She is a gerontologist focused on the research of rejuvenative therapies that will extend people’s natural lifespan.

Buterin, was qoted in a press release as a “fan of Aubrey’s work since he first read Ending Aging from de Grey as a teenager”. He said:

“I am happy to have been blessed with the opportunity to personally support SENS’s efforts. Their focus on creating solutions to the diseases of aging, one of the greatest problems facing humanity, is very much in line with my goal to positively impact the lives of millions of people around the world.”

The SENS Research Foundation has already received two large donations totaling $2 million in Bitcoin (BTC) from the anonymous Bitcoin-only charity fund, Pineapple Fund — the first million dollars in December 2017 and another $1 million in BTC on Feb. 2.

Continue Reading

All News

Bitcoinist Talks with David Drake




In an interview with Bitcoinist, David Drake is the Chairman of LDJ Capital talked about his experiences with cryptocurrencies, his thoughts on ICO quality, and the potential consecuences of regulations in several countries across the world

Bitcoinist: David Drake

Bitcoinist: What is LDJ Capital? How much capital do you currently manage? 

David Drake (DD): LDJ Cayman Fund Ltd is a $200M cryptocurrency fund across the whole Capital stack.

I am also a board advisor for several Initial Token Offerings. Top 15 ICOs I advise raised $500,000,000 in the last 6 months.  Fortunately, I have 25 employees managing daily interactions with the 20 ICOs I help.

I certainly feel like a Lucky Golden Token.

LDJ Capital is a financially integrated family office with a global footprint and local presence in 12 countries. We raise interest from our family office resources and from our LDJ Capital team members, who include the likes of a former chairman of Nasdaq and CEO of Intel Capital. We are taking on a few more ICOs on a road trip in the next few months. 

Bitcoinist: Is your fund involved in cryptocurrency trading? 

DD: Yes, we’re involved in investing in crypto trading, as well as long-term investments but I’d say 80% of our trading you buy and hold as we are long-term players and looking in on the line of strong fundamentals.

After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best. I made it 12 xx on quantstamp making millions.

Bitcoinist: What is your experience with Bitcoin/cryptocurrencies? 

DD: My job is best performed as a global strategist and board advisor. In parallel 150 family offices, crypto traders and hedge funds globally rely on my opinion. Thus, I need your ICO quality to be institutional-grade. 

Bitcoinist: What determines whether an ICO is “institutional-grade”?
DD: Equity capacity, revenue, existing business history, leadership, composition, regulatory framework, brand recognition.
Bitcoinist: What are your thoughts on crypto in 2018 so far? Typical January price correction across the board or something more serious? 

DD: I think we will have Regulators stirring up the marketplace several times a week for the next two months until the SEC comes out with a direction and institutions are starting to invest.

At that point, prices will go off and I think that’s going to happen around March and April.

Bitcoinist: What kind of impact will Facebook no longer allowing crypto ads have on the industry? Is this a good thing (e.g. no more BitConnect ads) or will it have a negative impact? 

DD: I think the industrial address will slow down the growth and the hype of the business, and that’s a good thing.

Bitcoinist: How about China banning ICO’s and clamping down on its mining industry? Is this the end of China being a dominant player in crypto? 

DD: The Chinese moved their business to Japan, Korea, Hong Kong and Shanghai. Chinese exporters are getting paid in foreign fiat so they’re still very big exporters of capitals as they export their product. 


Continue Reading

All News

Cryptocurrencies is not Illegal in India




Finance Minister Arun Jaitley has made some comments on the fact that cryptocurrencies are completly legal in India and that the government will move to make use of the star technology, Blockchain.

“…The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore use of Blockchain technology proactively for ushering in digital economy.”

In an interview with, Khurana clarified some of the doubts related to the issue with cryptos in India.

Interview with Yourstory: India

YourStory: What do you think about the FM’s mention on cryptocurrency in the Budget?  

Ajeet Khurana: We are extremely happy that something like cryptocurrency found mention in the Budget. It only goes on to say that the impact it has is so widespread, and there is an understanding that it exists in a strong way.

However, on the take of it not being a legal tender, we completely agree with the government on its  position.

We understand the concern around the illicit use of cryptocurrency and have maintained this position. Cryptocurrency enterprises have been maintaining complete transparency through KYC and other procedures to reduce the illicit use of these assets.

YS: The FM stated that cryptocurrency is not a part of the ‘payment system’. What is your view on this?

AK: The payments system includes a lot of things like the settlement mechanism, and the banking system. In recent times, digital wallets and other payment mechanisms have been added to the entire scenario.

What the Finance Minister might be saying is that cryptocurrency is not considered to be a part of these payment systems. Similarly, gold is not part of a payment system, but people still barter assets like gold for goods, as long as both parties record the transaction. It is an asset barter transaction.

There is a little subjectivity on the matter. Can an individual swap cryptocurrency for another cryptocurrency?

We have to wait for clarification on what the Finance Minister meant when he mentioned payment system.

YS: What should the end-investor in cryptocurrency take from this announcement?

AK:  There has been no indication by the government that it is banning exchanges. Neither does it stop people from holding a cryptocurrency. It is just saying that the government doesn’t recognise cryptocurrency as money, which no country in the world does except Japan.

YS: We see a powerplay when it comes to banks pulling out from crypto exchanges in the country. Isn’t this hinting at something? 

AK: We have had this discussion, and what we are sure of is that banks who have taken the action of not providing accounts or services to these exchanges have done it on their own will.  They haven’t been instructed by the RBI to do so, and the Central Bank hasn’t issued any circular in this regard.



Continue Reading


Get 97% OFF our Complete Course on Cryptocurrencies (BTC, ETH and more)HERE
+ +