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Dragon payments/LBX Cryptocurrency exchange shuts down

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Cryptocurrency exchange Dragon Payments (formerly London Block Exchange) has shut down its operations after announcing that it is being liquidated.

Announcement

The announcement came on the heels of a “winding-up order,” against the company sent on the last day of January. The announcement, which has replaced the company’s entire main website, also stated that Paul Appleton and Paul Cooper of David Rubin & Partners had been appointed as joint liquidators by the secretary of state in the UK.

“The Joint Liquidators and their team are working toward resolving customers’ concerns, including the recovery of any sums owed, as a matter of priority,” said the announcement, adding that all queries or claims for monies owed should be addressed to the joint liquidators directly.

Dragon Payments had been in the news during early 2019 when two of the company’s three directors left for vague reasons. The exchange had also been the target of a winding-up petition filed in March last year, following their inability to pay law firm Squire Patton Boggs on time.

At the time, Benjamin Dives, LBX’s CEO has insisted that the exchange was not going into liquidation and that he was sure the court would rule in their favor. Soon after, Bitcoin maximalist, journalist and podcaster Peter McCormack stated in a (deleted) tweet that the company was insolvent and that they hadn’t been paying their employees for months.

Withdraw Fund

Further, users also began complaining about being unable to withdraw funds from the exchange. An LBX representative responded to a post on Reddit, stating, “the exchange is currently undergoing a period of maintenance and as a result, a few features have been taken offline.”

Founded in 2017, LBX was able to raise over £2 million from investors before launching the company. Originally intended to provide customers with prepaid cards enabling retail purchases using cryptocurrency, Dragon Payments later changed its mission toward becoming a mobile exchange for its customers in the United Kingdom.

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Source ambcrypto

Dragon payments/LBX Cryptocurrency exchange shuts down
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Best Ways to Grow Cryptocurrency – A simple Guide

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Best Ways to Grow Cryptocurrency - A simple Guide


The best way to grow cryptocurrency is to learn how to invest in cryptocurrency.

You may be thinking is not the best time to invest, but really, you have to be discipline enough to hold on to the money you earn.

Investing allows you to significantly grow your cryptocurrency over time.

Example:

If an amount of $5,000 is deposited into an exchange at an annual interest rate of 5%, compounded monthly, with additional deposits of $100 per month, the value of the investment after 10 years is $23,827.28

If you decide to invest without monthly addition, your investment after 10 years with compounding will be: $8,235.05

Why you should invest

Thinking about cryptocurrency investment for the first time may look like such a daunting prospect, especially in the absence of investment advice. The good news is that times have changed now and there is more information than you might consume and there are fewer entry barriers than before.

For instance, Binance, the leading digital exchange, has over 30 million investors who can buy Bitcoin, Ethereum, Litecoin, Binance cash, and Bitcoin Cash at the snap of a finger. There are many market investment funds that give potential investors easy access to different cryptocurrencies. There has never been a time when investing in cryptocurrencies was so straightforward for anyone who didn’t know where to start.

When should you invest

Now that you know why you should invest, when should you invest?

Now is the best time to invest. Right now.

Investing involves risk. we’re all heard about investors who lost half or almost all of his/her money to scam. You can never eliminate risk entirely.

You can significantly reduce risk if you invest wisely.

Short-term Investment

Should you invest in cryptocurrency for the long-term or short-term? well if you look at the growth of cryptocurrency over the past 7 years, it’s clear that holding cryptocurrency seems like the best option.

What is short-term investment?

short-term investment is an investment that’s expected to be held for less than 12 months.

Short-term investing in crypto involves buying up bitcoins when their price reaches a low point and then holding on to it, waiting for the price to go up enough to fit your investment strategy.

When the price is high enough, you sell the bitcoins and pocket the profits. You use that money to buy more bitcoins or some other cryptocurrency to flip (sell) when the time is right.

You have to know a lot about the cryptocurrency market. Also, you must follow every piece of crypto news religiously. You have to be able to predict how relevant news will affect bitcoin price.

Long-term Investment

Investing in bitcoin for the long term would be similar but also different.

This simple means to hold on to your investments. Instead of sitting at your computer all day analyzing charts-you can sit back relax and wait for the price of Bitcoin or cryptocurrency to rise.

You have to hold on to bitcoins for more than a year before you sell for it to count as a long-term bitcoin investment. However, you still need to follow the news to invest in bitcoin for the long-term.

When you invest in bitcoin for the long-term, you are only interested in the long term. Years and decades instead of hours and days.
After investing in bitcoins long-term, you don’t have to sit at your computer tracking the price. You won’t be selling anyway, so what’s the point?

Trading

Many people think of trading as analysis, patterns, and technical modeling, but the trader work is actually a subjective assessment of what is happening in the market.

While you may want to hold bitcoin or cryptocurrency for the long-term, you may also wish to trade them for other cryptocurrencies or fiat currency. This is the fastest way to grow your cryptocurrency, but also riskiest.

To trade for fiat currency, you can simply sell them at the current exchange rate on the exchange you bought them at, like Binance or Kucoin.

Conclusion

Investing in cryptocurrencies is hard, it’s difficult, it’s risky. Once you decide that investing in bitcoin is something you’d like to do after days and weeks of careful research, take a sum of money you would not miss if lost.

Never take out a loan to invest in cryptocurrency because that is a great way to ruin your life. A bitcoin investment is best made with the extra cash you can lose.

Best Ways to Grow Cryptocurrency – A simple Guide
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10 POWERFUL BITCOIN BLOGS IN NIGERIA TO FOLLOW

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10 powerful Bitcoin blogs in Nigeria to follow. In the banking and finance sector in Nigeria, Bitcoin is one of the most trending digital assets in the digital space, grossing more than 40,500 monthly searches, with top bitcoin blogs in Nigeria beginning to see a tremendous rise in web traffic and daily engagements on bitcoin blogs and forums.

Bitcoin as being the heart of cryptocurrency worldwide and having a trajectory that has seen graphical upward and downward curves has invited both experienced and naive investors to its trading ground, with new investors seeking in-depth knowledge on how to plunge in and cash out big, while experienced investors are seeking for ways to understand the hope created by this novel digital asset.

While this isn’t strange to Nigerian traders, some of the powerful and dedicated bitcoin blogs in Nigeria are doing so well in educating experienced and inexperienced investors with daily detail of the big market, exchange rates, and predictions.

Who Are The Most Informed Bitcoin Blogs In Nigeria?

  1. Nigeriabitcoincommunity.com

Nigeriabitcoincommunity started out as a site created by a group of investors and entrepreneurs who delved into reporting trusted opportunities in bitcoin, where to buy or sell your bitcoin, how to identify and avoid bitcoin fraud while starting out as a new investor or an experienced investor seeking for more outline knowledge.

  1. BTC.ng

If you want to catch up with the nitty-gritties of bitcoin, from how diverse industries worldwide are integrating the use of bitcoin to their operation, to Nigerian government’s approach to bitcoin acceptance, policies and the economy as a whole, BTC.ng is one of the bitcoin blogs in Nigeria that will provide this news in detail, plus also provide you with an up-to-date crypto market cap that can guide you in cryptocurrency exchange.

  1. Bitcoin.ng

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Bitcoin.ng reports the latest news on bitcoin around the world, this means that it’s reportage is beyond Nigerian bitcoin-related news, and you can follow up on the latest news as a new investor to learn the “how to’s” of bitcoin and the most intricate market predictions.

  1. Blog.nairaex.com

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Blog.nairaex.com is one of the top dedicated bitcoin blogs in Nigeria, designed to share the latest bitcoin and cryptocurrency news. The site is designed with the simplest and easy-to-use interface which helps visitors spend more dwell time to feed on the latest information.

  1. Blockvila.com

Blockvila is a Liability company, Registered under the Corporate Affairs Commission of Nigeria as BLOCKVILA LIMITED. Blockvila.com offers a buying and selling platform for investors, and also reports on the latest blockchain news for new and old investors to get well-detailed news on cryptocurrency.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Blockvila.com was formerly known as www.ngexchanger.com, which began in 2016 as a subsidiary of NYXEL INTEGRATED SERVICES but was upgraded to blockvila.com to provide cryptocurrency wallet services and Blockchain Education to investors and investors wanna-bes.

  1. Blockchainnigeria.group

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Blockchainnigeria.group is a subset of the Organization of Blockchain Technology User (OBTU), with a news forum for reporting any blockchain-related news since 2016. Beyond having an online presence, there are a couple of live gatherings hosted by Blockchainnigeria to enlighten new and existing investors on blockchain and decentralization.

  1. Luno.com

Luno’s level of engagement on bitcoin is born from the wide experience of their team members who have worked in a wide range of top finance companies, engineering, etc. With the blog session of their active site, Luno.com reports on any latest news relating to bitcoin and cryptocurrency in general, with a special detailed weekly report regarding bitcoin review.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

The kind of articles found on the Luno blog is how to’s of cryptocurrency, mid-year analysis to give you insight on what the past 6 months have been like in cryptocurrency.

  1. Cryptonigeria.blogspot.com

Cryptonigeria, with a quite simple blogspot interface, but with well-researched information and diverse bitcoin and other cryptocurrency news from around the globe, is one of the few bitcoin blogs in Nigeria that is feeding new and existing investors with latest and most important news to follow in the cryptocurrency market.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Cryptong averages about 200 comments on the comment sessions of their blogs, this makes it more interesting to read and get insights from other readers who have dropped comments in the form of threads on the comment session.

  1. Bitfxt.com

Bitfxt is an all-round bitcoin site with services including bitcoin industry analysis, reportage on market and exchange rates, token listing, etc.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

In their blog session, Bitfxt does a great job to update their blogs daily with industry analysis and must-read news for any new and old investor to stay abreast of bitcoin-related news.

  1. Cryptostaunch.com

Cryptostaunch is on a mission to educate their blog visitors with how to’s of bitcoin trading and exchange, identifying bitcoin fraud, how to trade, and many more fundamental knowledge that every new and naive investor would need to know before delving into the space of bitcoin

10 POWERFUL BITCOIN BLOGS IN NIGERIA

If you fancy listening to podcasts more than reading blog posts, there is a session on their blog with a guideline on how to connect with their crypto-related podcasts. While that might sound like an-all access to a better way of keeping up with bitcoin-related news, Cryptostaunch does a good job with reviews of anything relating to e-wallets, cryptocurrency tools, etc.

Starting out as a crypto lover and interested in investing in bitcoin, these 10 powerful bitcoin blogs in Nigeria will guide your steps on how to start and grow a career in bitcoin trading and exchange.

10 POWERFUL BITCOIN BLOGS IN NIGERIA TO FOLLOW
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10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

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Starting out to trade cryptocurrency? As an investor, one of the many questions that will continue to cross your mind and demand a well-detailed answer is how to identify the top-trusted cryptocurrency blogs and websites for investors to follow in 2020.

From having to stay up-to-date with everything cryptocurrency, to joining a community to stay abreast of every analysis on these digital assets, the many reasons why an investor would need to follow up on cryptocurrency blogs and websites are endless.

With so many Forums, Cryptocurrency blogs and websites reporting on daily trading policies, how to’s and where to fix your attention, these are the list of most-searched cryptocurrency blogs and websites for investors.

  1. Cointelegraph

Cointelegraph was founded in 2013 as a media house for coverage of up-to-date news on blockchain technology, crypto assets, and upcoming fintech trends from decentralized and centralized worlds.

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

According to Cointelegraph, they emerged as a powerhouse for cryptocurrency to “help educate our readers and raise awareness of the intricacies and advantages offered in today’s digital revolution.”

  1. CoinDesk

A cryptocurrency reporting powerhouse that sprung up in 2013, with a boast of more than 3 million monthly visitors and traffic sources from an industry search, CoinDesk is one of the most all-inclusive cryptocurrency blogs and websites for investors that are searching and exploring cryptocurrency and digital assets.

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

CoinDesk’s online presence travels across different social media platforms, podcast channels, newsletters, and live events.

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

In their year of inception, they created the Bitcoin Price Index, an original price reference rate that is widely sought after by top multinational brands like the world’s street Journal, CNBC, etc.

  1. NewsBTC

One of the many reasons why most investors fix their attention on cryptocurrency blogs and websites is to be able to follow market and trading forecasts. On NewsBTC for every investor, this is prior to any trade or exchange, and one of the sites dedicated to reporting up-to-date news on the ever-changing world of cryptocurrency, unique insight analysis, and pricing forecast.

In need of a bitcoin broker, you can get a well-detailed analysis of different brokers listed on the NewsBTC broker page, with details pointing at their locations, trading fees, volumes, deposit and withdrawal conditions, etc.

  1. CryptoNinjas | Bitcoin & Cryptocurrency Market Source

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

Want a quick view of the by-the-minute prices of up to 200 different cryptocurrency trading prices, market cap, DLT, and other insights for your trading journey? Then CryptoNinjas would help you with quick insight on what the current market is.

  1. Reddit | CryptoCurrency

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

One of the best features of Reddit | CryptoCurrency and why is one of the standout cryptocurrency blogs and websites for investors to follow is the unique feature of joining diverse cryptocurrency discussions where insights and crypto exchange are analyzed.

This promises to keep you up to date with people’s opinions and predictions which is every cryptocurrency investors’ need.

  1. eToro Blog

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

eToro, being one of the leading global Fintech revolution and trading platforms for cryptocurrency, but quite interesting is the activeness and attention paid on their blog section where they share how to’s of cryptocurrency, trading news, top markets, and investment programs.

  1. Kraken Blog

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

Kraken blog, just like other blogs with a strong online presence beyond a mere website and a discussion forum, Kraken blog is one of the few authoritative cryptocurrency websites with a very active social media presence.

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020

Kraken blog boasts of a twitter follower base of more than 390,000 followers, with a domain authority of more than 60 scores. Cryptocurrency investors who are social media fanatics can stay up-to-date with their social media pages.

  1. BitDegree Tutorials

BitDegree is Predominantly a blockchain online course portal that is powered by ethereum blockchain. BitDegree would go-ahead to offer scholarships in cryptocurrency tokens and provide a platform that would give you the chance to network with top talents.

On this site, the aim is to connect teachers and students in a mutual interest fashion, and also let employers create courses based on the job vacancy available. Basically, BitDegree is aiming at teaching employable skills and increasing employability chances for the masses.

  1. Changelly

Changelly is ranking 12k positions beneath the earlier listed websites and blogs, but what’s most striking is that they are only 5 years in business but have amassed a large pool of investors who visit their site for exchanging cryptocurrency, and looking up the best exchange rate for most known coins.

Changelly is living up to its mission which is “making the exchange process effortless for everyone who wants to invest in cryptocurrency”, and this they are achieving by providing favorable exchange rates for investors, fast-tracking and round the clock support.

  1. CryptoSlate

CryptoSlate is on a single primary mission to deliver accurate coverage of cryptocurrency-related news. Not limiting to cryptocurrency news, CryptoSlate reports on real-time prices of more than 2659 cryptocurrencies across 50 industry sectors, amounted to the awareness of 521 blockchain events and meetups since 2017, provides localized news and data for 26 blockchain hubs across the world (according to their site), this gives you insight on what CrytoSlate’s coverage entails.

With this list of the top 10 authoritative cryptocurrency blogs and websites that every cryptocurrency investor has to focus on in the year 2020, you get well-detailed insights on happenings in the cryptocurrency industry, trading news and exchange rates around the globe.

10 AUTHORITATIVE CRYPTOCURRENCY BLOGS AND WEBSITES FOR INVESTORS TO FOLLOW IN 2020
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Disclaimer: 9ja Informative's content is meant to be informational and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. 9ja Informative receives compensation with respect to its referrals for out-bound crypto exchanges, crypto wallet websites and affiliate links.

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