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WEEKLY OVERVIEW

Weekly Review on Bitcoin News in Nigeria: World Largest Exchange Binance Donates 10 Million to Victims of Coronavirus.

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Binance Donates 10 Million Chinese Yaun to the Victims of Coronavirus: 

Binance has donated 10 million in Chinese Yaun to support the victims of coronavirus in Wuhan, China. Cryptocurrency platforms are offering donations to help support the movement to stop the spread of coronavirus in China. 

Binance CEO Changpeng Zhao said that Binance made the pledge without making any announcements after he was tagged on twitter by a twitter concerning possible donations through cryptocurrency for the victims of cironavirus. 

“For #Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help #coronavirus victims. We didn’t make any announcements. But [Binance Charity Foundation] BCF/Binance team has been busy for the last few days. Still need help to arrange logistics locally.”

New Report Shows An Ethereum Wallet Has 27 percent of the Ethereum Total Supply:

According to the financial technology data firm Digital Assets Data, 27 percent of all the Ether (ETH) are locked in the collateralized debt positions (CDPs) of the old MakerDAO system. 

This 27 percent belongs to one ethereum address. Dai was created to allow crypto traders or investors to generate or borrow Dai stablecoin by staking their crypto holdings as collateral. .

Dai stablecoin reached its final stop at 100 million token debt. The Daily Stablecoin pioneers then created a new multi-collateral Dai (MCD) that can be backed by multiple assets. The old, single collateral Dai is now known as Said while the MCD is now known as Dai.

Localbitcoins Shuts Down Cryptotraders Accounts From African Countries: 

Localbitcoins reportedly shuts down accounts of cryptocurrency traders from Nigeria, Ghana, Libya, Ethiopia, Botswana and Tunisia and some other African countries.

In an email from LocalBitcoins, the peer-to-peer bitcoin kiosk has listed a number of countries defined by the EU commission where they require ‘an enhanced due diligence process’ before they can offer their services. 

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Diutocoinnews Editor. A cryptocurrency enthusiast, bitcoin believer. A seasoned training Journalist in Nigeria
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