David Hundeyin

News Reporter

I am a staff writer on Africa's most successful political satire TV show, The Other News with Okey Bakassi and my writing has been featured in the New Yorker Magazine and the Washington Post, but crypto remains my first love. I am a busy crypto advocate in my spare time because I believe cryptocurrencies and blockchain technology are a key driver of Nigeria's technological transformation, contributing in no small measure to Africa's unique leapfrogging phenomenon.

Articles by Author

Venezuela’s Nicolas Maduro Tells Public to Invest in Gold and its Oil-Backed Petro

Venezuelan president Nicolás Maduro has recently advised workers to invest in gold and the country’s oil-backed cryptocurrency Petro. He made the call this week, during an announcement.

A Hedge Fund Manager Will Accept Bitcoin for His $16 Million Mansion

Roy Niederhoffer, President of New York-based R.G. Niederhoffer Capital Management, Inc. has placed his $15.9 million mansion up for sale stating that he will accept cash or its equivalent in Bitcoin.

Norwegian Man Murdered After Conducting Large P2P Bitcoin Trade

A 24-year-old man has been killed in Norway after conducting an in-person peer-to-peer bitcoin trade for a large cash sum. Reports indicate the deceased’s body was discovered in his apartment in the Majorstuen neighborhood of Oslo.  

$4.3 Million Worth of BTC to be Auctioned by US Marshals in November

The United States Marshals Service has issued a Notice for Sale for an online auction of $4.3 million worth of bitcoin planned for November 5, 2018

Investigation of $11 million Indian Scam Ends as Victims Refuse to Testify

The investigation into a huge Indian multi-level marketing scheme which began a year ago has come to an abrupt end as the victims of the theft have failed to come forward.

Tencent and Huawei Lead Blockchain Consortium Launching Coinless Ethereum Killer in November

Tencent, Huawei, WeBank and Shenzhen Securities Communication have come together to launch BCOS, a revolutionary blockchain solution billed to be the next “Ethereum killer”.

BitMEX to Launch Software to Compete With Bitcoin Core

Cryptocurrency trading platform BitMEX has announced its intention to launch its own Bitcoin software client to compete with the industry standard Bitcoin Core.

Epoch Partners Delivers Worlds First Crypto Hedge Fund IPO

Epoch Partners Limited, a hedge fund based in the Cayman Islands has successfully launched the world’s first retail initial public offering (IPO) of a cryptocurrency and digital assets related hedge fund.

Spain’s Central Bank Calls For Investigation of International Payments Using Blockchain Technology

The Bank of Spain has called for a thorough investigation into International payments carried out using blockchain technology, as it believes that certain elements of the Blockchain system, though erratic, can prove useful in making future international transactions efficient, fast and transparent.

LiveJasmin and PumaPay Partner to Offer Cryptocurrency Payments

Award-winning adult live streaming site, LiveJasmin has announced a collaboration with PumaPay, developers of billing infrastructure, PullPayment Protocol. In addition to adopting it for its websites, it will also be deployed for payments to its models, affiliates and studios.

Block.One President Proposes Blockchain Solution to KYC/AML Paradigm

Block.one President Rob Jesudason has criticized existing KYC and AML measures for failing to prevent crime and placing an unnecessary burdens on users.

UK’s Financial Conduct Authority to Publish New Review

The UK Financial Conduct Authority (FCA) has declared its intention to define its policy on cryptocurrencies before the end of the year.

Business Cyber Attacks Escalate While Cryptojacking Drops 26% In Q3 2018 – Malwarebytes

Cybersecurity firm Malwarebytes has revealed that cybercriminals are modifying their tactics in favour of targeting businesses over individuals, which comes alongside a 26 percent fall in recorded cryptojacking incidents in the third quarter of 2018.

Man Claims He Carried Out Bitcoin Transaction Without Mobile Network or Internet Connection

A Twitter user has claimed that he successfully carried out a bitcoin transaction over the weekend without mobile network or internet connection

Colleges Still Getting to Grips with Bitcoin Donations

While universities are known for being hotbeds of innovation and research, many American colleges are still struggling to understand cryptocurrency. Amidst the uncertainty, a few colleges like Yale have distinguished themselves in the university crypto finance space.

Correlation with Stocks “Would Make Crypto A Far Less Attractive Investment” Analyst Says

Crypto analyst Tim Enneking has stated that correlation between crypto markets and stock markets on a sustained, long-term basis would substantially reduce the desirability of crypto to investors. Data by Blockforce Capital shows that significant correlation does not exist, but this could change.

Argentina, Egypt and Venezuela Record Unprecedented P2P Bitcoin Transaction Volumes

Data from Coin Dance indicates that Bitcoin trading volumes on the peer-to-peer platform LocalBitcoins in the month of October 2018 have reached record highs in Argentina, Egypt, and Venezuela for broadly similar but contextually different reasons.

Meltem Demirors Called Out For Allegedly Fuelling Crypto Market Bubble

Coin Shares Chief Strategy Officer Meltem Demirors has been called out for allegedly contributing to bubble conditions in crypto markets by denying that there was a price bubble. advocating for more investments and ignoring advice to the contrary.

Telegram Set to Release Test Version of Blockchain Platform TON This Autumn According to Investors

According to a report by Russian media outlet Vedomosti, encrypted instant messaging service Telegram is set release a test version of its blockchain-based TON platform this autumn. Investors have confirmed to Russia media confirmed that a circular containing this information that was sent to participants in TON’s Initial Coin Offering in September was indeed authentic.

Paxos Issues $50m of Recently-Launched Dollar-Backed Stablecoin

Blockchain Trust Company, Paxos has issued about $50 million worth of its dollar-pegged stablecoin Paxos Standard Token. This was revealed yesterday in a tweet by Dorothy Jean Chang, Paxos vice president of marketing and communications. The news provides the first major indication regarding the scale of adoption experienced by the Ethereum-based stablecoin since it received regulatory approval from the New York State Department of Financial Services (NYDFS) in September.

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