Bitcoin ATMs: Introduced in Africa’s Largest Nation, Nigeria

1 April 2020 | Updated: 1 April 2020

Blockstale BTM, the firm that has launched the ATM in the Lagos state’s Dazey Lounge and Restaurant, plans to introduce more than 30 terminals throughout Nigeria.

“Considering most of the regulatory concerns regarding digital currencies in Nigeria, Nigerians are the top cryptocurrencies merchants in Africa,” CEO and owner of Blockstale, Daniel Adekunle, informed the local press on April 1.

Adekunle has established its Bitcoin ATMs in collaboration with a Shenzhen, China-based tech firm.

Africa’s 15th Bitcoin ATM Introduced in Nigeria
Besides becoming host to Africa’s growing amount of exchange, Nigeria is the continent’s eighth nation operating a Bitcoin ATM — of Blockstale’s having to make up the 15th across Africa.

South Africa has seven crypto-ATMs, Ghana operates two, and Botswana, Djibouti, Kenya, Uganda and Zimbabwe all have one terminal, as per CoinATMRadar.

As Nigeria represents the biggest economy and population in Africa, the country’s initial Bitcoin ATM may serve as a landmark for widespread continental adoption. Coinstale’s terminal is just the second West African Bitcoin ATM.

Volume Falls Following Localbitcoins KYC Inspection in Nigeria
Previous days have seen on LocalBitcoins about 220 Bitcoins, or $1.38 million, of peer-to-peer (P2P) exchange between the BTC and Nigerian Naira.

Nevertheless, after the P2P network improved its KYC criteria around September 2019, Nigerian LocalBitcoins has fallen by around 50 percent.
Nigeria already continuously leads Google’s queries towards ‘Bitcoin’ — pushing almost double as much data as the second-ranked nation, Austria, Google Trends says.

Three of the top five rated countries were African regarding ‘Bitcoin’ queries — including South Africa and Ghana placed third and fourth, accordingly.

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COVID 19: Top 5 Pharma Stocks to Invest in 2020

25 March 2020 | Updated: 25 March 2020

Even though the highly contagious pandemic Corona (COVID-19) is causing havoc throughout the globe, its consequences were felt in just about all sectors of the world. Biotech firms are in a run-off against-time behind the scenes to create a pathogen vaccine. There are now many investors looking to invest in these firms.

1. GlaxoSmithKline
Being one of the biggest vaccine creators in the world, this British biotech company is at the forefront amongst the firms. It’s known as a pioneer in groundbreaking vaccine production.

The seasonal flu vaccine and the Human Papillomavirus (HPV) vaccine are among the top contributions to the world. It’s collaborating with Clover Biopharmaceuticals, a biotech firm based in China.

Still, they are collaborating on a product for COVID-19 dependent protein vaccine.

2. Sanofi
Sanofi Pasteur, a French biotech company, is one of the biggest stakeholders in the battle against Coronavirus under its vaccines division.

It is collaborating with the US Biomedical Advanced Research and Development Authority (BARDA) in collaboration.

BARDA is part of the Health and Human Services Department (HHS), operating under the Office of the Assistant Secretary for Preparation and Response (ASPR).

All consider a preclinical vaccine for SARS as a possible candidate. The candidate for a SARS vaccine was identified in 2017. This could give the company an advantage over competitors because SARS belongs to the class of Coronavirus.

3. Johnson & Johnson
Janssen, the vaccine subsidiary of Johnson & Johnson, has also been part of the current battle as of January 2020. To win the battle the American pharmaceutical has taken a dual-pronged approach.

On the one side, the antiviral molecules’ library is scanning for a natural fit for the new virus. And on the other hand, it is operating on a vaccine using the same equipment it had previously developed for experimental vaccination against Ebola.

As Sanofi, this also operates in extensive cooperation with BARDA.

4. Gilead Sciences
Better recognized for its medications against the Hepatitis C Virus (HCV), Gilead has been researching on a COVID-19 vaccine. The Remdesivir drug is currently having tests and has positioned the company high on the pharmaceutical companies ‘ crème de la crème list.

This vaccine was originally supposed to cure the Ebola virus and is said to have already aided one Coronavirus patient in the US. More work in China has commenced and the company is expected to begin its very own late-stage tests later in the month.

5. Regeneron Pharmaceuticals
Often, Regeneron works in conjunction with BARDA to create a cure for the virus. This is using a process that has been effective in developing an Ebola virus drug.

This entails introducing genetically engineered mice to the coronavirus proteins with human-like immune systems. The purpose is to have the mice make antibodies to the proteins. Around the same time, people who have stabilized from the illness are using antibodies.

They intend to choose the absolute best from these, which they will use to make a mixture to cure the virus. The product will be ready for human trials by early summer, the company states.

The Stock Market and Coronavirus
This is deserving of notice the pandemic concerns recently caused significant stock market uncertainty. Although rates for some firms have crashed significantly, many have surged. Healthcare and pharmaceutical firms are amongst others.

Considering that these businesses are focused on highly infectious virus therapies, it logically follows that their stocks carry the opportunity for considerable profits. Their commodities also benefit from higher amounts of requests despite the outbreak.

So it’s no mystery that many pharmaceutical stocks, particularly GILD stock, have been on an upswing, surpassing the S&P 500 although it started its steady decline in February.

COVID 19 Vaccine Anticipation
It may take some time, at least one year or more, according to the experts, before the world finally gets a vaccine for the dreaded COVID-19.
Furthermore, introducing those stocks to an investment watchlist is a great way to keep track of their movements as they gain ground in a vaccine’s growth.

A Guide to Invest in Pharma Firms
To U.S. consumers, through Stash Invest, a no-commission stockbroker selling $5 pharmaceutical stocks, you can invest in pharmaceutical companies.

Are you based outside of the USA? We suggest Plus500 which offers low spreads on investments in pharmaceutical stocks and a well-regulated platform.

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Directory of High-Leverage Forex Brokers

11 March 2020 | Updated: 12 March 2020

Lately, the European Securities and Markets Authority has introduced leverage restrictions on assets that are traded on brokerage platforms in the EU and the UK. The problem here is that many retail traders cannot afford the large margin requirements necessary to support trading in such conditions of limited leverage. If you decide to trade with brokers in the UK and the EU, the new ESMA leverage restrictions mean that you need to have a margin of 3.33% for trading on the main forex pair, up to 5% for trading on the minor forex pair and an equally high 10% for CFD stock trading. If you like cryptocurrency price difference contracts, you should be ready to finally offer 50% of the total capital needed to set a position on BTC/USD or any other crypto pair of your choice.

The Nature of High Leverage Trading
Several brokers in this list have up to 1:3000 in leverage. On this point, though, a clarification would be in order. The leverage that you see listed next to each broker is the maximum leverage that you can get as a trader. The leverage offered by these brokers falls into a continuum beginning at 1:2 and ending at 1:500, or as the case may be, at 1:2000 or 1:3000.

Picture this scenario to comprehend the effects of high leverage trading. You’ll need $100,000 in capital if you set up a Standard Lot spot on EUR/USD. With a minimum of 3.33 percent margin on a low-leverage broker platform, you’ll need at least $3,333 to set up this position.
But if you trade with high leverage brokers in the list below, using a leverage of 1: 500 (i.e., a margin of 0.2%) means that you only need $200 to carry out the same transaction. The same position size and the same profit or loss. It makes a whole lot of difference.

Brokers Offering High Leverage
In this article, we listed some of the best high-leverage brokers with which you could operate. A look at the list should show some familiar names appearing on it. Some of these brokers are headquartered in the UK or Cyprus (EU region). These brokers have designed a system of automatically moving impacted clients to their offshore subsidiaries to compensate for the departure of traders who can not meet the high margin requirements on their EU/UK platforms. To brokers and traders, the arrangement works well. The broker keeps the client, and the customer can obtain from the broker the same regulatory and service level, albeit in a different jurisdiction.

In the list below discover what some of these brokers are offering and start trading today with a high leverage brokerage:

FxGlory Leverage up to 1:3000 Deposit from 1 USD
RoboForex Leverage up to 1:2000 Deposit from 10 USD
AAFX Leverage up to 1:2000 Deposit from 100 USD
Exness Leverage up to 1:2000 (1:30 for EU clients) Deposit from 1 USD
Grand Capital Leverage up to 1:2000 Deposit from 10 USD
FreshForex Leverage up to 1:2000 Deposit from 20 USD
HotForex Leverage up to 1:1000 (1:30 for EU clients) Deposit from 5 USD
Alpari Leverage up to 1:1000 Deposit from 1 USD
Binary.com Leverage up to 1:1000 (1:30 for EU clients) Deposit from 5 USD
FirewoodFX Leverage up to 1:1000 Deposit from 10 USD
FortFS Leverage up to 1:1000 Deposit from 5 USD
LeoPrimeLeverage up to 1:1000 Deposit from 10 USD
Fibo Group Leverage up to 1:1000 Deposit from 1 USD
LMFX Leverage up to 1:1000 Deposit from 50 USD
FXTM Leverage up to 1:1000 (1:30 for EU and some non-EU clients) Deposit from 10 USD
TradersWay Leverage up to 1:1000 Deposit from 5 USD
MTrading Leverage up to 1:1000 Deposit from 100 USD
NPBFX Leverage up to 1:1000Deposit from 10 USD
FxPro Leverage up to 1:500 (1:30 for EU clients) Deposit from 100 USD
CityIndex Leverage up to 1:500 Deposit from 10 USD
PrimeXBT Leverage up to 1:1000 Deposit from 0.0001 BTC
SuperForex Leverage up to 1:1000 Deposit from 1 USD
NordFX Leverage up to 1:1000 Deposit from 10 USD

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Shareholder Sues Canaan for Violation of US Securities Laws

8 March 2020 | Updated: 8 March 2020

Chinese mining equipment giants are accused of misinforming investors about the status and safety of the company before their IPO. Canaan underwriters such as Galaxy Digital and Huatai Financial Holdings are also named in the lawsuit.

One of Canaan’s shareholders sued the company for violating US securities laws. Canaan is a very popular manufacturer of Bitcoin mining equipment. In a case filed on March 4, it is alleged that Canaan misleads its creditors regarding its financial condition and operational status when conducting an IPO at the SEC. In addition to Canaan, the case also included the names of the company’s underwriters as IPO defendants.

This, in particular, Galaxy Digital, China Renaissance Securities, Huatai Financial Holdings, CMB International Capital.

Interestingly, Credit Suisse, one of the first leading underwriters, left just a few days before the IPO.

Shareholder Philippe Lemieux stated that on February 12, he bought 200 shares of Canaan for $ 8.50 apiece. He claimed that Canaan deceptively called the $ 150 million purchase agreement with a related party “strategic partnership,” while the owner of the buying company, Hangzhou Granshores Weichaeng Technology, actually owns a 9.7% stake in Canaan.

The lawsuit claimed that before the IPO, Canaan secretly removed several distributors from its website. It is also reported that some of the company’s customers are unlikely to be in first place in bitcoin mining.

The status of the class action, in this case, has not yet been decided by the court. Rosen Law Firm, which represents Lemieux, has announced that it is asking more investors from Canaan to take part in a class-action lawsuit.

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Crude Oil: WTI Plummets Beneath $47 After Likely Deepening Oil Output Cuts

5 March 2020 | Updated: 5 March 2020

USDWTI Price Analysis – March 5

OPEC members rallied to discuss a reduction of 600,000 barrels per day (BPD) of oil production to raise crude oil prices, affected by global demand problems caused by a coronavirus. In general, the product is traded at the bottom of its range, and any drop below $47.00 may lead to a further selling mood.

Key Levels
Resistance Levels: $65.62 $54.40, $48.64
Support Levels: $46.00, $44.83, $43.83

USDWTI Long term Trend: Bearish

The WTI barrel is expanding its latest decline to $46.50 level, as a renewed wave of risk aversion combined nervousness in anticipation of OPEC’s decision to keep the bulls at bay.

Black gold is losing 0.70%, trading at the lowest levels in three days, as sellers now converge to the support zone at $46.

USDWTI Short term Trend: Ranging

Although WTI is at a two-day-old range handles, WTI is up 0.45% to $47.50 in the Asian session on Thursday.

While an area of $48.64–$46.00 levels restricts short-term black gold movements, the RSI range, as well as multiple support around $44.83–$43.83, are favorable for buyers.

Instrument: USDWTI
Order: Buy
Entry price: $46.50
Stop: $46.00
Target: $48.64

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Chinese Citizens Punished for Laundering Stolen Funds From Hackers From North Korea

3 March 2020 | Updated: 3 March 2020

A U.S. Department of Treasury, Office of Foreign Assets and Control (OFAC) law enforcement agency has disciplined two Chinese citizens who were involved in the laundering of illegal funds from hacked exchanges.

As indicated by a United States official Press discharge from the Treasury Department on Monday, March 2, 2020, suspects Tian Yinyin and Li Jiadong washed more than $100 million that was taken from two virtual money exchanges. Indeed, the exchange assault was done by the Lazarus organization, a notable digital network financed by the Government of North Korea.

The papers uncovered that the Lazarus Group had accessed delicate client data put away on the crypto-exchange as of April 2018, contaminating the site with malware employing the email. Thereafter, the organization had the option to utilize private keys to take $250 million worth of advanced coins.

Tian, an OFAC-sanctioned group member, washed around $35 million in stolen funds and transferred approximately $1.4 million in BTC to the prepared gift cards of Apple iTunes.

As of September 2019, the US Treasury restricted Lazarus, Bluenoroff and Andariel, three North Korean government-financed digital hackers organizations. Allegedly, these organizations are answerable for a few assaults, including hacking virtual money to various financial organizations around the globe. There are allegedly a great many illicit assets filled on North Korea’s atomic weapons program.

Crypto Adoption by North Korea
North Korean authorities consider crypto-currency as a way to avoid violating US economic sanctions, according to sources. There were rumors as of September 2019 that the government was planning to launch a virtual currency on the economy.

The Pyongyang authorities recently stepped up attempts to collect virtual currency according to reports. Meanwhile, UN security experts are saying that the country is using cryptographic hacking and mining funds to fund its nuclear weapons program.

Accordingly, the United States has taken steps to stifle North Korea’s virtual currency development and implementation. U.S. government arrested Ethereum fund researcher Virgil Griffith for attending a conference on blockchain in North Korea at the end of November 2019.

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The Akbank of Turkey Set off as the First to Collaborate With Binance

2 March 2020 | Updated: 2 March 2020

Akbank was established on January 30, 1948, as a private commercial bank in Adana. Its main business is banking, which consists of corporate and investment banking, commercial banking, small and medium-sized businesses, consumer banking, payment systems, treasury operations, and private banking, as well as international banking. Akbank is headquartered in Istanbul and has 770 branches throughout Turkey.

Binance announced on Monday (March 2) that Akbank, one of Turkey’s largest banks, was the first bank to ever work directly with Binance.

On its blog, Binance called Akbank “one of Turkey’s most visionary banks” and said that “users will be able to instantly deposit and withdraw Turkish Lira (TRY) to Binance through the PC and iOS app with the most affordable fees in Turkey starting today. ”

Binance co-founder and CEO Changpeng Zhao (aka CZ) said the following:

“As part of our goal to continue to work to expand freedom of money around the world, especially in a country that is increasingly embracing digital assets, we are expanding the opportunities available to lower the barrier to entry. As the industry expands with our tandem-growing products and services, the quality and method of our products and services.

Binance Expansion Project Boosts Its Image
Akbank will process fixed deposits and withdrawals for Turkish Binance clients. Utilizing the Turkish lira to purchase cryptographic forms of money on the exchange will currently be a lot simpler.

Right now, Akbank claims resources of about 341.6 billion pounds and is continually among the “Most Valuable Banking Brands in Turkey.” This is one of the most unmistakable worldwide brands in Turkey, which makes participation with Binance considerably progressively significant. Above all, it offers authenticity to the exchange in Turkey and elsewhere.

This progression can essentially expand Binance, given that Turkey is one of the main nations with regards to enthusiasm for cryptographic forms of money.

A year ago, Turkey moved to the top when it came to crypto adoption. The nation additionally plans to some time or another has its state digital currency, which will be given by the Central Bank of Turkey.

Since a year ago, Binance has been consistently growing its fiat capacities.

Toward the beginning of February, it was accounted for that Binance will bolster the Russian ruble for the payment and withdrawal of assets. The dispatch of Binance Singapore a year ago additionally encouraged exchange purchases. By and large, the exchange is continually coordinating with Mainstreet and traditional business.

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Crude Oil: WTI Near Term Rebound but Stays Under Bearish Pressure Beneath the $47 Price Level

2 March 2020 | Updated: 2 March 2020

USDWTI Price Analysis – March 2

WTI (oil futures) is slowing its pace of recovery from a new 15-month low level of $ 43.83 after the sell-off opening gap caused by China’s horrible manufacturing PMI data released on Sunday. On the contrary, further selling stays on the cards, and any accidental attempt to buying can only be considered corrective.

Key Levels
Resistance Levels: $ 54.40, $ 52.34, $ 49.42
Support Levels: $ 43.83 $ 42.93, $41.80

USDWTI Long term Trend: Bearish

WTI crude oil prices plummeted more than 2% on Friday and reached multi-year support at $ 43.83 level. Given that this zone was held in the past, we anticipate seeing some ranging.

RSI indicates a low momentum at the moment and indicates oversold. Thus, oil prices should set a rebound past the $ 47.01 level for any signs of a rebound.

USDWTI Short term Trend: Bearish

During the day, the pair is trading on the level at $ 45.27, with oil trading up 2.64% against the US dollar after Friday’s close amid hopes that the Organization of Petroleum Exporting Countries (OPEC) and its allies may deepen reduction in oil supplies.

The pair is anticipated to maintain support at $ 43.83 level, and a fall could lead to the next support level at $ 42.93. The pair is anticipated to find its first resistance at $ 47.01 level, while an increase could lead to the next resistance level at $ 49.42.

Instrument: USDWTI
Order: Buy
Entry price: $ 43.83
Stop: $ 42.93
Target: $ 47.01

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Regulatory Direction Inhibits Australia’s Bitcoin Adoption

1 March 2020 | Updated: 1 March 2020

Australia has been very active in cryptocurrency since the beginning of 2020. However, the country underground has lately lagged in terms of the regulatory approach to cryptocurrencies. Adrian Przelozny from Independent Reserve, Australia, commented on this in a recent interview.

He said that Australia’s biggest weakness compared to countries such as Singapore, with clear rules on digital assets, is too many regulators in Australia. Besides, noting that Australia is often seen as an example throughout the world of how AML rules should apply in this area.

He added that other regulators in Australia, such as the Australian Securities and Investment Commission [ASIC] and the Reserve Bank of Australia [RBA], have different definitions of regulations. This, he noted, created a lot of confusion. Explaining further, he noted:

What the Australian Transaction Reporting and Analysis Center [AUSTRAC] classifies as a digital currency may not be classified as a digital currency for tax purposes, which has all these other consequences. Whereas there is only one regulator in Singapore, the Monetary Authority of Singapore [MAS], and it seems to be doing everything; coordination there is much better.

Australia’s Cryptocurrency Limitations
This has been a major detractor towards Australia accepting digital assets.

Other reasons, he noted, include regulatory concerns about risk reduction and consumer protection to the extent that they seem risk-averse.

The conversation also turned to the most discussed topic – the third halves of Bitcoin. He highlighted the differentiating factor on the halves – more mature this year.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

International Artist Akon to Launch Cryptocurrency “Akoin” on Stellar Blockchain Network

28 February 2020 | Updated: 28 February 2020

International recording artist Akon has decided to build his Akoin cryptocurrency ecosystem based on the Stellar blockchain.

Akoin co-founder and president John Karas said they decided to launch a project on Stellar because they share similar values.

The official launch of this cryptocurrency – called Akoin – marks the next step in the desire of an international artist-seller to help unlock the full potential of the African economy through the use of blockchain technology.

“Akoin chose the Stellar distributed hybrid blockchain because of its shared vision of creating global financial integration, especially in areas like Africa,” he explained in a February 28 statement.

Akon’s Humanitarian Effort and Philanthropy Adopts Blockchain Technology
Akon has long been an outstanding humanitarian and philanthropic activist, participating in numerous successful initiatives aimed at ensuring sustainability and equality in developing regions, thanks to its Africa Lighting initiative, which offers solar energy solutions in 18 African countries.

Part of Stellar’s mission is to help banks without banking services, and Akoin representative emphasized that Stellar is already working with businesses in Africa and can help with the planned Dapps and microloans.

Akoin service token will be compatible with Stellar wallets and is compatible with all digital assets and specified currencies supported by the Stellar network.

Users will be able to instantly switch from one currency to another, and Karas called a key factor the ability of the stellar network to promote “efficient transfer of value between assets.”

It helps to fulfill one of the project’s stated objectives which are to continue to improve the value of prepaid minutes. Minutes of digital currency in several African countries, such as Nigeria, are used because of inflation and banking problems. The Akoin platform allows users to trade fiat or other cryptocurrencies for minutes.

Akoin Cryptocurrency Not a Stablecoin
The speaker reported a fluctuating price of the Akoin token. “Akoin is not Stablecoin, but we will give access to our ecosystem’s other leading Stablecoin offers,” he said. The platform includes a multi-monetary wallet and a mobile market for users “learning, earning, spending and saving.

Now he believes that with the help of cryptocurrency and blockchain technology, he can help unleash the huge and largely untapped economic potential in Africa, allowing enterprises and entrepreneurs in the region to leave their mark on the world.

Regarding how the Stellar blockchain network can help Akoin achieve this goal, John Karas, co-founder, and president of Akoin explained that the Stellar hybrid blockchain combined with the overall vision of creating global financial integration made this choice obvious.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.