Cryptocoins News / The Cointelegraph - 1 year ago
The course will evolve in three stages, according to the government’s disclosed implementation strategy. Nigeria’s Minister of Communications, Innovation and Digital E...
Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian Central Bank has denied claims in a widely circulating text message that it plans to redenominate the naira starting in January 2024. According to the bank, the authors of the message had seemingly “modified text eked from an old p...
Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian fintech Vella Finance recently informed users and subscribers that it would stop offering crypto related services starting on Oct. 30. According to co-founder Tolu Adedayo, offering crypto and banking services at the same time is not fea...
by COINS NEWS - 1 year ago
Uber, Bolt and other centralised ride hailing apps have a business model based on exploitation: they gain market share in an area by offering cheap rides and when they have achieved a high enough market share they turn on the fees. Apps like these wi...
Bitcoin News / Bitcoinist - 1 year ago
Unfortunately, rug pulls have become synonymous with the crypto market as scammers see it as an opportunity to make quick cash. One such rug pulls has hit the Nigerian crypto X (formerly Twitter) community, where what is assumed to be one of the most...
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Surges to All-Time Highs in Turkey and Nigeria& & CoinDeskBitcoin (BTC) Price Rally to End With a Spot Bitcoin ETF Approval: Peter Schiff& & CryptoPotatoWhat's Behind the Latest Surge in Bitcoin? Little Consensus and Lots of Noise& & The Wall...
Cryptocoins News / The Cointelegraph - 1 year ago
The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar. The price of Bitcoin (BTC) has notched...
Bitcoin News / Bitcoin.com - 1 year ago
A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de change and financial technology companies in the official forex currency market. Finance Minister Wal...
Bitcoin News / Bitcoin.com - 1 year ago
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June...
Bitcoin News / Bitcoin.com - 1 year ago
The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected.
Re...
Cryptocoins News / The Cointelegraph - 1 year ago
The recently introduced Nigeria Artificial Intelligence Research Scheme is designed to facilitate the widespread utilization of AI to drive economic advancement. The N...
Bitcoin News / Bitcoin.com - 1 year ago
The Nigerian central bank said on Oct. 12 that it had lifted foreign exchange restrictions imposed on the importation of 43 items. The central bank said the restrictions initially imposed in 2015 may have contributed to the weakening of the naira on...
Bitcoin News / Bitcoin.com - 1 year ago
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and pun...
Cryptocoins News / The Cointelegraph - 1 year ago
Nigeria’s central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability....
by COINS NEWS - 1 year ago
The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure that...
Bitcoin News / Bitcoin.com - 1 year ago
The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options.
Uni...
Bitcoin News / Bitcoin.com - 1 year ago
Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the CB...
Bitcoin News / Bitcoinist - 1 year ago
Nigeria, Africa’s most populous nation, has witnessed a burgeoning interest in digital currencies. According to a report, Nigeria’s recent spike in crypto usage can be attributed to economic conditions and the nation’s youth-driven...