One of the largest cryptocurrency exchange Binance has sued Forbes for a misleading article leading to “millions of dollars” in losses. Filing the lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, Binance claimed that “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To […]
Crypto Exchange Firm Binance Sues Forbes for Misleading Article Read More »
The pressure on the Nigerian currency persists as Naira depreciated further Wednesday, hitting N478 against 1US Dollar. It closed at N470/$1 at the parallel market on Friday, November 13 while it started the week on a more disappointing way, it sold for N475 against the US dollar which it maintained till the close trading on
Between November 11-November 13, 2020, the interventions of the Central Bank of Nigeria (CBN) seemed to be losing impact as Naira weakened against the US dollar. It’s N470/1USD at the parallel market at the close of business on Friday, November 13, 2020, a data from abokifx.com revealed. On November 11, it’s N466/1USD, by the second
Naira Weakens To 470/USD Despite Nigeria’s Apex Bank Interventions Read More »
PayString may soon become Ripple’s new payment service considering the newest trademark application filed by the San Francisco-based blockchain firm. The report revealed that Ripple registered PayString as a trademark at with the U.S. Patent and Trademark Office (USPTO) late last week. The name is classified in the U.S. under the general categories “Advertising and
FinTech: PayString May Soon Become Ripple’s Newest Payments Service Read More »
Some Nigerians who abandoned their crypto portfolio are back on trading following the latest surge in the price of bitcoin. It isn’t just Nigeria, the trend started when BTC surpassed $10K a few months ago, some Indians are doing the same. In crypto forum, telegram group which was created by one of Nigeria-based crypto platform,
Dormant Nigerian Bitcoin Holders Back To Trading As BTC Surpasses $16K Read More »
With BitPay Send, you can now make payment globally without having to buy, own or manage cryptocurrency. BitPay Chief Executive Officer Stephen Pair described the idea as a “big attraction for businesses” around the World. He said BitPay Send was birthed to remove the cumbersome associated with the traditional international payment methods which could take
FinTech: Why We Created BitPay Send – Stephen Pair Read More »
Ripple is now worth $10 billion, making it the fourth-largest financial technology (FinTech) firm in the world. Out of the 66 FinTech firms that were assessed, the San Francisco-based Ripple was among the top five, coming behind Stripe, Shanghai-based Lufax, and India-based Paytm One97. In the rating, Stripe is valued at $36 billion, Lufax is worth $39.4
Ripple Becomes 4th Largest FinTech Firm Globally Read More »
Nigeria’s foreign exchange reserves have fallen to $35.63 billion, should investors be worried? The latest from the Central Bank of Nigeria (CBN) has shown Nigeria’s FX has declined, indicating the lowest level since August 2020. Nigeria’s reserves have not been impressive since the outbreak of COVID-19 pandemic. In October 28, it declined to $35.69bn from $35.74bn
Nigeria’s Foreign Exchange Falls To $35.63bn, Lowest In 2 Months Read More »
PayPal announcement today that its U.S residents can buy cryptocurrencies directly within the payment platform sends a big signal to the crypto world about the acceleration of adoption of the digital coin. The latest announcement gives PayPal customers who are US-based to buy, hold and sell only four cryptocurrencies at the moment, the firm says
U.S Residents Can Now Buy Crypto With PayPal Directly Read More »
The Catholic Bishop of Sokoto Diocese, Bishop Matthew Hassan Kukah, said Nigeria’s political atmosphere favours criminality. He bemoaned a situation whereby the system rejects certain persons and likened it to “cashing a dud cheque.” Kukah said Nigeria will continue to experience bad governance if the status quo remains the same, “Our atmosphere favours criminality and
Nigeria’s Atmosphere Favours Criminality – Bishop Kukah Read More »
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