After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’

After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’

“Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s remarks come just a few weeks after the official naira exchange rate dropped”

Source: Bitcoin News

How Proof-Of-Work Is Useful Beyond Bitcoin

“Like many things, proof-of-work as a concept can be applied in one’s own life beyond the idea of bitcoin mining.” Source: Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Hedge or no hedge: investors’ debate over Bitcoin and gold continues

“As the American economy grapples with labor and supply shortages, the country’s central bank declared that “the risks of higher inflation have moved up.” And once again, the question of cryptocurrencies such as Bitcoin providing investors with a hedge against rising inflation is up for debate. Speaking at a recent