Major cryptocurrency trading platforms like Binance, Luno, BuyCoins Africa, YellowCard, Quidax, and others have suspended naira deposits. This followed the directive of the Central Bank of Nigeria that financial institutions should not provide crypto companies or users with the services any longer. Although, the apex bank will be launching its own digital currency called eNaira … Read more
The Bitcoin price (BTC) has finally surpassed its $20K benchmark for 2020, trading at $22,753 (N10,881,625) at the time of this report, that the highest price in history. The most valuable digital asset made the $22K, gaining 16.76% in the last 24 hours. However, crypto analysts are forecasting short-term trends. Massive price swings are becoming … Read more
In 2020, a friend called my attention to pinkoin, a digital asset by InksNation which claims to reduce poverty in the World by allocating coins to every member of its community. In this post, I’m not going to delve into how it plans to pay a member (who joins with N1,000) a lifetime of N120, … Read more
It seems online advertising can no longer depend on Google’s Adsense for cryptocurrency ads as Ethereum launched a platform for advertisers to reach millions of crypto enthusiasts around the World. The new plugin EthereumAds will allow WordPress publishers to receive ad earnings directly into their Ether (ETH) wallets, an official statement by WordPress said. EthereumAds … Read more
The trouble isn’t over for Facebook’s Libra Foundation even as it changed its crypto name to Diem. It is facing legal action over the new name. A UK-based FinTech firm Diem is laying claim to the name. This is coming a few hours after the German authority faulted Facebook’s Libra to Diem name change. A London … Read more
German finance minister Olaf Scholz stated that his government isn’t impressed by Facebook’s stablecoin name change from Libra to Diem, describing it as, “A wolf in sheep’s clothing is still a wolf.” Libra Association had announced name change December 1, 2020, to allays the fear of potential investors of regulatory uproar against the project. It also … Read more
President-elect Joseph R. Biden will use cryptocurrency as an infrastructural change in a way to make America more competitive when he assumes office next year. Biden is expected to be sworn in as the 46th president of the United States on Jan. 20, 2021 at an outdoor inauguration ceremony. He defeated the incumbent Donald Trump … Read more
This updated list of the best sites to buy and sell bitcoin in Nigeria is aimed at guiding you whenever you want to safely exchange your bitcoin and other digital assets to naira at the best price. Update: This list has been pruned to 15 due to the unavailability of some domains or some of … Read more
How crazy can you be if you have a passion for something? Cryptocurrency enthusiast David Valenz is a perfect example of how extreme someone could go as he tattooed BitcoinCash on his body in an effort to spread BCH message to the World. We’ve seen people who wear T-Shirt with Bitcoin logo on them while … Read more
Findings have shown that a scam cryptocurrency browser extension could redirect you to a fake Metamask domain, where coins in your wallet could be stolen. It was gathered that crypto funds have been stolen via a fraudulent Chrome browser posing as the ethereum-based wallet Metamask, a crypto intelligence firm reported. According to a report published on … Read more
The administration of President Donal Trump will roll out postive cryptocurrency regulation before leaving office on January 20. The Acting Comptroller of the Currency of the Federal Banking System Mr Brian Brooks hinted that the proposed crypto regulation will work for everybody. He said in an interview with CNBC’s Squawk Box on Friday that the new regulation … Read more
As Naira continues to lose its value against the US dollar, Pounds, Euro, and other foreign currency., what’s the alternative for Nigerians to save the value of their hard-earned money? Research shows cryptocurrency is one of their best options, a survey has revealed. Conducted by one of Africa’s cryptocurrency trading platform, Luno, the survey reveals … Read more
Some exchanges will not allow persons below 18 to sign up on their platforms even though cryptocurrency are designed to bring everyone on board. Government policies are still in force. In this guide, we share with you safest ways to buy your frist crypto even if you are below buying-age without violating state laws. But … Read more
A cryptocurrency investor has shared his experience on how he purchased his first bitcoin in 2013 when some of his friends were “freaking out” In a thread, the Reddit user Legacy, didn’t say when exactly he made a purchase and how much he invested seven years ago, but we could deduce excitement from his story, … Read more
Nigeria’s plan to generate a whopping $10 Billion from blockchain by 2030 received a boost a few hours ago as the Ministry of Finance mandated the Security Exchange Commission (SEC) to come up with a framework for the adoption of cryptocurrency in Nigeria. The move is seen as an impressive step by Nigeria to be … Read more