Crypto In Nigeria, Athletes Earning Bitcoin, Challenges Of Crypto Exchanges, Important Laws Of money & Inflation & Christmas>>>> Leofinance Curation Post

@HODLCommunity presents to you the 243rd LeoFinance Curation Post

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We will set a 5% beneficiary for every author selected in this curation report.

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Why Crypto Assets Usage Cannot Be Stopped In Nigeria by @badbitch

For about a year and ten months now, the banking institutions based in Nigeria has stopped processing transactions for clients interacting with cryptocurrency or blockchain-based services, as if this restriction isn't enough, FX transactions have taken on quite a handful of restrictions, but of course, this is more because of how the system is suffering from liquidity crisis.
To put them out of their misery, heavy taxation has been applied on online banking transactions over about $13.5 following an average black market rate of 740 naira per dollar. So, frankly, literally almost everybody with a digital bank is taxed on a daily basis given that standard of living is rising rapidly and well over $13.5 is spent daily by these individuals. To crown it all, weekly limits have also been placed on cash transactions via POS withdrawals, an attempt to push the adoption and utilization of its central bank issued digital currency - the e-naira.

What athletes earn Bitcoins? by @thranax

Bitcoin was born in 2009 and has completely changed the world of traditional finance. The first cryptocurrency, created by the little-known Satoshi Nakamoto, is considered the future of the economy, and more and more athletes are investing in it. Today I am going to analyze which athletes earn bitcoins and details how much they get and what their short-term plans are.

Why Running a Crypto Exchange is Hard by @zestimony

In just 12 months almost half a dozen of big crypto exchanges have filed for bankruptcy including the most recent which is FTX, among others such as Celsius and Voyager. This developments in the crypto industry spurred me into exploring more the nature of cryptocurrency exchanges.
A cryptocurrency exchange is a platform where users may purchase, sell, and trade cryptocurrencies. Users can often trade a number of cryptocurrencies on cryptocurrency exchanges, and some of them may also provide further services like a wallet for storing and managing digital assets.

The 4 Most Important Laws of Money - LeoFinance by @sanjamkapoors

What is Money?
Money is a concept that has been around for centuries, but it is only in recent years that it has become a vital part of our lives. Money is used to pay for goods and services and can be exchanged for other currencies. The value of money is based on how much it can be exchanged for, or how many goods or services it can buy.
When someone purchases something with cash, they are exchanging their currency (e.g., dollars) for another currency (e.g., euros). This means that the dollar amount represents the number of euros that will be spent in exchange for the product being purchased. If someone spends $10 on a cup of coffee at Starbucks, then receives $12 back in change when they leave, then their money was exchanged for Euros and also represented 12 Euros worth of goods and services purchased at Starbucks.

Inflation Is Going To Steal Christmas by @beggars

Christmas is supposed to be one of the happiest times when family and friends come together to eat nice food, drink and have some time off work. But in 2022, it will be a different kind of Christmas because of ever-present inflation. The invisible piece of string that trips you over every time you buy goods and services. You can't see it, but you know it's there when you're spending $4 on a load of bread or $12 on a block of cheese (I'm using Australian prices here).

This post is created by @readthisplease to curate quality content on LeoFinance.

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