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    Nigeria Acts to Stabilize Currency with Forex Auction

    Nigeria Acts to Stabilize Currency with Forex Auction

    The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users....
    Historic Drop in Bitcoin Revenue Leaves Miners Struggling

    Historic Drop in Bitcoin Revenue Leaves Miners Struggling

    After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to...
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