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Category Archives: Bitcoin

Bitmain says price hike increased interest in mining

Jan 10, 2017

Olusegun Ogundeji

The recent spike in the price of Bitcoin increased interest in Bitcoin mining which seems to have dwindled after the block reward halving in July. According to the International Marketing Manager at Bitmain, Nishant Sharma, Bitcoin mining has continued unaffected by the block halving ...

Bitcoin Price Trounces 24-hour Record, Drops By Over 20%

Jan 6, 2017

Olusegun Ogundeji

No sooner than 24-hours after the article has been published and several comments followed Bitcoin’s reported feat as it reached a record new $18 billion market cap on Wednesday January 4 that its price dropped by more than 20% within four hours. On Thursday, the market cap fell quickly to...

Why Bitcoin price may not crash like 2013

Jan 4, 2017

Olusegun Ogundeji

Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its recor...

A 1.5 million answer to a junior student in 2011

Dec 27, 2016

Red Li

A junior student posted a question five years ago asking for advice for investment with his 6,000 yuan in hand. Someone named "blockchain" suggested that he should buy some bitcoin. It turns out that the answer would be worth 1.5 million RMB today. I am a junior student and have 6,000 yuan, ...