Browsing Category
Cryptocurrency
How Crypto exchanges in Nigeria regulate users
The decentralised nature of the cryptocurrency market has different interpretations for different actors.
For consumers, it means freedom from third parties like the Central Bank of…
Bitcoin sets new all-time high, breaks $50,000
Bitcoin blew through another milestone on Tuesday, surging past $50,000 for the first time as the blistering rally in the largest cryptocurrency continues to captivate investors worldwide.…
Binance joins fight against COVID-19, supports Nigeria with 30,400 KN95 Masks
Binance, a global cryptocurrency exchange, has thrown its weight behind the fight against the COVID-19 pandemic by the Nigerian government.
The company through its nonprofit, Binance…
Binance, BuyCoins activate new deposit features amid CBN prohibition
Less than a week after cryptocurrency exchanges announced a suspension of deposits using Nigerian local currency, Binance and BuyCoins have now released features that allow their users to…
Expert urges CBN to regulate cryptocurrency transaction, not ban it
Banning Nigerians from participating in cryptocurrency business would hurt the nation’s economy, which needs foreign intervention and collaboration to grow, Daniel Chinagozi, chief executive…
Lessons for Nigeria as Tesla splashes $1.5bn on bitcoin
The world’s biggest manufacturer of electric vehicles, Tesla on Monday acquired $1.5 billion worth of bitcoin pushing the price of the cryptocurrency to a record-high of over $44,000.
It…
Crypto ban threatens Nigeria’s $6bn projected revenue from blockchain
The plan by the Nigerian government to earn $6 billion from the global blockchain market is now in jeopardy after the Central Bank of Nigeria (CBN) asked banks not to support crypto dealings…
CBN outlines three reasons for banning crypto transactions in Nigeria
The Central Bank of Nigeria (CBN) last week reiterated that Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) must not use, hold,…
CBN defends stifling crypto market as investors count loss
Ali Yusuf, a 36-year-old Computer analyst felt he was losing out on the bullish run on the price of Ethereum, the second-largest cryptocurrency.
The price had set another all-time high on…
How exchanges’ investment in crypto education is paying off in Nigeria
The cryptocurrency market has gained popularity in Nigeria no thanks to persistent economic headwinds that have pushed family and individual incomes to very low levels. Cryptocurrencies for…