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CBN’s Crackdown On Cryptocurrency Trading Results In N1.314bn Fines For Six Banks In 2021

Central Bank of Nigeria (CBN)
It emerged yesterday that six banks were fined N1.315 billion by the Central Bank of Nigeria (CBN) in the 2021 financial year, for failing to comply with regulations prohibiting theirRead More

GIG Logistics Launches Crypto Payment Gateway On GIGGO App

GIG Logistics
GIG Logistics, the leading provider of last-mile delivery solutions in West Africa, has launched a version of its propriety delivery app ‘GIGGo’ with a crypto wallet. The crypto wallet willRead More

2022: Nigerian Women In Tech Break New Grounds

With the curtain down on 2021, Nigerian women operating in the tech industry have closed mouth-watering deals worth hundreds of millions of dollars, started new ventures and promoted the cause of gender equality.
With the curtain down on 2021, Nigerian women operating in the tech industry have closed mouth-watering deals worth hundreds of millions of Dollars, started new ventures and promoted the causeRead More

Bitcoin Tumbles As China Declares Cryptocurrency Transactions Illegal

Bitcoin
The Chinese government yesterday intensified its crackdown on cryptocurrencies by declaring that all crypto-related transactions were now illegal in the country. Bitcoin responded negatively to this crackdown when it fellRead More

Digital Currency Gains Traction As CBN Appoints Technical Partner

Central Bank of Nigeria vs Cryptocurrency
IMF urges caution on adoption of cryptocurrency as national currency The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partnerRead More

Open Letter To The Nigerian Government: Pursue Bitcoin Standard

Bitcoin Nigeria
An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard. An NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or riskRead More

South African Court Submissions Expose Lies, Deceptive Tactics Used To Perpetuate MTI Bitcoin Ponzi Scheme

MTI Bitcoin Ponzi Scheme
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror TradingRead More

JPMorgan: Big Institutional Investors Dumping Bitcoin, Going Back Into Gold

Bitcoin
Based on open interest in CME Bitcoin futures contracts, the firm said large investors are shifting away from Bitcoin after favoring the digital currency over gold beginning last fall. TheRead More

Shiba Inu Crypto Investors Turn Multimillionaires After Almost Jobless, Relying On Stimulus Checks

Crypto millionaire
Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, theRead More

Crypto Payment Firm Simplex Acquired By Publicly-Listed Canadian Firm Nuvei For $250 Million

Crypto Payment Firm, Simplex
The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and NuveiRead More