It is no longer news that the US Senate passed a sweeping $1 trillion bipartisan infrastructure bill on Aug. 10, capping weeks of intense negotiations and debate over the federal investment in the nation’s ageing public works system in more than a decade.
Initially, lawmakers proposed a provision that would force stricter rules on how “digital assets” are taxed to help fund the bipartisan infrastructure bill. This would require brokers to report gains in a type of 1099 form, in addition to the mandatory reporting transactions of more than $10,000 to the Internal Revenue Service (IRS).
This provision was met…
A MESSAGE FROM THE CEO & FOUNDER — HANU FEJIRO AGBODJE
Today marks the 4th year anniversary of Patricia.
We look back with happiness and pride.
It’s a very special day for all of us who serve you at Patricia, you are the reason why we are celebrating today.
From handling your trades on WhatsApp in 2017 to the multinational doing the most juggernaut Patricia is today.
We say “Thank you!”.
Thank you for evolving with us,
Thank you for being patient with us when we fell short of our promise.
Thank you for inspiring us to do…
You see, we pride ourselves on being the place where innovation thrives, and convention comes to die. And we take our titles seriously!
On Aug 11, 2021, Fourth Canvas with support from The Future of Work Africa published their African Brand Challenger Report, which saw Patricia and other top Tech firms topping the list. The African Challenger Brands List showcases emerging brands. …
Ever since Bitcoin and ultimately cryptocurrencies hit the limelight circa 2010. Cryptocurrencies have to continue to prove that they are here to disrupt the familiar traditional money systems.
One of such innovative steps is the Bitcoin ATM. No, this does not dispense actual coins as the Fiat ATM does. As in any booming industry, once a product launches, thousands of ancillary businesses will pop up to support that industry.
A bitcoin ATM allows customers to buy bitcoin and other cryptocurrencies. The use of “ATM” is a misnomer. The machines are not actually ATMs and do not dispense cash.
If you know about Ethereum standard ERC20 tokens and smart contracts, then understanding this article will be a walk in the park.
If you are wondering what ERC20 tokens and smart contracts are, read about them here and here.
Just like Ethereum has its own technical ERC-20 token, so do many other blockchains. On Tron, tokens are programmed according to the TRC-20 token standard.
As a public blockchain, anyone can issue their own TRC-20 token using the same basic set of rules, and their token can interact with any of the other apps running on the Tron platform.
2020 was the year of stablecoins. The supply for stablecoin quietly surged from below $5 billion to $28 billion. And the market continues to see substantive growth.
As of January 2021, the current stablecoin supply is over $33 billion.
We would often hear that “crypto is the most volatile asset out there”. However, stablecoins like USDC and USDT gave a medium of exchange in which traders can find almost the same comfort as holding fiat.
These are cryptocurrency whose value is backed 1:1 by another asset, such as the US dollar, euro, yuan, or gold.
Stablecoins managed to create a…
Because digital money is for the digital age. Stable coins represent a breakthrough in how we use money. Digital dollars work like other digital content, they move at the speed of the internet, can be exchanged in the same way we share content and are cheaper and more secure than existing payment systems. Digital dollars can also be called stable coins.
A stablecoin is a new class of cryptocurrencies that mimics the price stability of fiat currencies and is backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both worlds — the…
Pretty sure you’ve heard about how cryptocurrencies are a better finance system when compared to the traditional ones. You’ve heard things like, it’s faster, cheaper and safer (because it is decentralized).
And now you are wondering, What does it cost to trade these cryptocurrencies? We will be looking at Bitcoin transaction fees in this case. Since it is the most popular and largest cryptocurrency by market cap.
Apart from the market price of bitcoin, each exchange charges their clients a sort of commission for using their services in the crypto space.
These fees include Maker which adds to the order…
A central American country El Salvador is looking to make a law that recognizes Bitcoin in the same way as the US Dollars. This may be the first country in the world to accept bitcoin as legal tender.
On Saturday, 5th of June 2021 at the Bitcoin conference held in Miami, Nayib Bukele, President of El Salvador announced that he was looking to introduce legislation that will recognize the cryptocurrency the same way as the US dollar, which the country currently uses.
Nayib Bukele, 39, said in a prerecorded address to Bitcoin 2021 said “Next week I will send to…
How To Diversify Your Crypto Portfolio.
Cryptocurrency has come a long way, and according to Coinmarketcap, there are now over 5,300 currencies under the digital coin umbrella. Although only the top 20 are considered the most tradeable and make up the bulk of the market, this massive adoption and population speak volumes about the state of crypto.
So, if you want to or already have invested in cryptocurrency, one of the best things you can do would be to diversify your portfolio. The success or downfall of your crypto investment may be hinged on your diversification strategy. …