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Cryptocurrency is an internet-based medium of exchange that uses cryptographic functions for financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

Cbn

CBN approves cNGN stablecoin for February launch

The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The new...
Cbn

Cash Withdrawal: CBN releases new guideline for Crypto transactions

Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions; the Central Bank of Nigeria (CBN) has disclosed.Withdrawals from...
Nigerian Banks

Nigerian Banks set to unveil Stablecoin (cNGN) like USDT next month

Last week, CBN decided to lift the ban that prohibits Nigerian banks from carrying out cryptocurrency transaction. Now, the same commercial banks are reportedly...
Cryptocurrencies 1

FG Lifts Ban On Cryptocurrency, Introduces Taxation Instead

Bitcoin and other cryptocurrencies have long been a topic of debate and regulatory scrutiny worldwide, and Nigeria has been no exception.In February 2021, the...
Bitcoin Payment

Bitcoin Marketplace Shutdown With Over 1.5M Nigerians

Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations.This was disclosed by the co-founder and Chief Executive...
Facebook Instagram Now Supports NFTs

Meta ends its NFT Support for Facebook & Instagram

Meta, formerly known as Facebook, has decided to drop its support for NFTs on its platforms, Facebook and Instagram. The is coming in less than...
FTX Sam Bankman Fried and Ex girlfriend

FTX Crypto Boss, Sam Bankman-Fried ‘s Ex-girlfriend Reportedly Working Against Him Over $1.8 billion...

FTX crypto boss, Sam Bankman-Fried's ex-girlfriend is reportedly working with prosecutors to 'spin her narrative' days after she recruited a legal team and top...
Binance

Binance: Panic as 3billion dollars vanished in one day, withdrawal blocked

Binance seems to always find itself in the spotlight. The most popular cryptocurrency exchange in the world has chosen to halt withdrawals from USDC....
AAX

Nigerian AAX Users Storm Crypto Exchange Offices, Attack Employees

Few weeks ago, FTX, a popular cryptocurrency exchange crashed and that had a negative impact on the global crypto market. And since then, cryptocurrency market has...
Cryptocurrencies 1

Govt to introduce tax on cryptocurrency, digital assets

The Finance Bill 2022 is expected to bring all sectors of the economy into the tax net, including Capital Gains Tax from digital assets,...
Bitcoin

Crypto Traders in Australia Set to Make Huge Profits This Year

Cryptocurrency trading is heating up in Australia, with traders set to make huge profits this year. The cryptocurrency market has been volatile recently, but...
Binance Lists NGN

Naira withdrawals and deposits into Binance now acceptable

One of the world’s largest cryptocurrency exchange platforms, Binance, has announced that Nigerians can now deposit and withdraw the Naira to and from their...
Cryptocurrencies 1

Some European countries to test digital currency payments

Last year, the Nigerian government launched its own digital currency called eNaira after banning the contemporary cryptos in the country. Many regions of the...
Things To Know Before Betting On The NFL

Things To Know Before Betting On The NFL

The NFL is a game of risk, reward and opportunity. With the right approach and knowledge of your betting strategy, you can reap maximum...
Cryptocurrencies 1

Samsung to launch its cryptocurrency exchange platform next year

Motivated by recent legislation favorable to the cryptocurrency industry in South Korea, Samsung is reportedly planning to launch its crypto exchange. It would be...
Meta

Meta to shut down its cryptocurrency project in September

Meta has announced that it would be shutting down its Novi pilot on September 1. Novi is a money transfer service that uses the company’s...
Terra

Cryptocurrency: Creator of Luna coin sued for fraud

South Korean cryptocurrency developer Do Kwon, creator of the infamous Luna and TerraUSD (UST) coins, currently zeroed, is one of the defendants in a...
Bitcoin

Bitcoin Mining: China becomes second in the world in despite crypto ban

As the United States continue to lead in the bitcoin mining industry, China is back in the second place as per world rankings, despite...
Cryptocurrencies

Nigerian Government releases new Regulations on Cryptocurrencies, others

The Federal Government of Nigeria has released a set of new regulations guiding the issuance, exchange and custody of digital assets in Nigeria.The Securities...
Central African Republic legalises bitcoin

Cryptocurrency: Central African Republic Adopts Bitcoin As Legal Tender

The Central African Republic has adopted Bitcoin as legal tender, becoming the second country in the world to make the move after El Salvador. Lawmakers...

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