One of the major developing stories in the crypto industry is Binance and the Nigerian government. So, two Binance employees received detention upon entering the country’s capital. Apparently, the issue was that Binance was operating illegally in the country. Furthermore,…
Impact of Nigerian SEC’s Crypto License Requirements on Local Exchanges
The Nigerian Securities Exchange Commission (SEC) has introduced new crypto license requirements that are poised to have a significant impact on the operational landscape of local cryptocurrency exchanges. Despite the Central Bank of Nigeria (CBN) lifting restrictions on Nigerian banks…
Bitcoin Demand Explodes In Nigeria as Old Fiat Notes Face Invalidation
The Nigerian government’s recent decision to invalidate certain fiat notes has led to an increase in the demand for Bitcoin (BTC) in the country. The deadline set for submitting the old 500 and 1,000 naira notes has caused citizens to…
Nigeria’s Central Bank Reevaluates eNaira Amid Low Adoption Rates
In the next 24 months, the Central Bank of Nigeria will explore the possibilities of stablecoins, investigate the use of blockchain technology for a Central Bank Digital Currency (CBDC) and examine regulatory requirements for Initial Coin Offerings (ICOs). Exploring Stablecoins…
Nigerians Love Crypto But Not their Country’s CBDC
Nigeria’s central bank digital currency (CBDC) is not being well received by the country’s knowledgeable crypto community. Only 0.5% Use the eNaira A year after its introduction, the government-issued digital currency, the eNaira, is only being used by less than…
Central Bank of Nigeria Slaps Ban on Crypto Exchange Bank Services
The Central Bank of Nigeria is the latest major financial institution to place a ban on crypto exchanges and services. The prohibition was contained in a circular issued by the CBN on Friday. According to the Central Bank’s office, the…
Nigerian Music Star Davido Tweets About Possibly Starting Bitcoin Company
Popular Nigerian Afro beat and Hip Hop Artist, Davido caused a social media buzz after he tweeted about Bitcoin to his 8.8 million followers. Davido Deal with Bitsika The short tweet made the Nigerian one of the latest African stars…
Nigeria Makes Move Towards Largescale Crypto Adoption
Nigeria, the African continent’s largest economy made a huge move towards crypto adoption while you were sleeping. The country’s Federal Ministry of Finance agreed to open talks with the country’s securities regulator to develop a new framework for Blockchain and…
Africa’s Largest Economy Eyes $10B in Blockchain Revenue by 2030
Nigeria could potentially expect a revenue stream of between $6 billion to 10 billion in the next decade thanks to Blockchain technology according to a key government official. Director-General Kashifu Inuwa of the Nigeria National Information Technology Development Agency (NITDA)…
Nigerian Returns $80K worth of Bitcoin sent to him in Error
According to a report radio France Internationale, a Nigerian has returned $80,000 worth of Bitcoins sent to him in error. Nigerians have often received bad press due to a few individuals from that country who get involved in malicious activities…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
