Wednesday, 6th July 2022
<To guardian.ng
Search

High-profile investors fuel Bitcoin’s rise, but doubts remain over its future

By Abiodun Ogundairo
23 February 2021   |   12:38 pm
Bitcoin has soared to kick off 2021, hitting a milestone of $1 trillion in market value. The cryptocurrency is gaining increasing mainstream credibility, but critics say it's still of little practical use to most consumers. We take a closer look. Also, Boeing recommends that airlines ground certain 777 jets after an engine failure in the US over the weekend, while China's foreign minister calls for improved trade relations with Washington.

Related

4 Mar
In the midst of the fuel scarcity crisis, NNPC promised that over 2.3 billion liters of PMS would be delivered before the end of February 2022 to totally arrest the situation. That promise is yet to be fulfilled as Nigerians are left stranded, filling stations packed with long queues, and the pump price increase. ⁣ ⁣
17 Mar
Nigeria to hold second interest rate meeting of 2022 on the back of an upsurge in inflation and fragile growth. Persistent double-digit inflation could pile pressure on the central bank to reconsider its dovish stance on rates.
28 Mar
The ongoing war in Ukraine is affecting the availability and prices of fuel in Nigeria, with many drivers now struggling to fill up their vehicles.
6 Apr
Kenya plans to pay subsidy arrears to fuel sellers this week amid shortages at the pumps. Like many developing economies, Kenya has been reeling with rapidly rising fuel prices, accelerated by the conflict in Ukraine.
14 Apr
Lebanon plunges into darkness as fuel shortage prompts shutdown of two power stations. Lebanon's two biggest power stations shut down due to fuel shortage, leaving the country in complete darkness on Saturday, a government official told Reuters.
17 Apr
Fuel shortages across Sri Lanka have prompted fuel rationing. For the seventh day in a row, protesters demonstrated in front of the president's office.
18 Apr
Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣
20 Apr
In September 2021, El Salvador became the first nation in the world to make bitcoin its official currency, along with the US dollar. The experiment in the small Central American country was considered groundbreaking by some and too risky by others. Seven months on, our regional correspondents take a look at how it has changed the lives of Salvadorians, for better or for worse.
5 May
Central African Republic and El Salvador have made Bitcoin legal tender and Panama has approved a bill to regulate crypto assets. Experts have warned that nations that adopt crypto currencies risk instability.
9 May
A number of Nigerian airlines are halting domestic flights from Monday (May 9) until further notice, due to the high cost of fuel. Domestic flights have been disrupted since March as some operators started to cancel internal schedules while others delayed operations, citing scarcity of fuel.
9 May
The value of the world's biggest cryptocurrencies have been sliding in line with global markets, in particular the tech-heavy Nasdaq.
15 May
Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.