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