The Central Bank of Nigeria, on February 5, 2021, shocked a lot of people when it ordered all financial institutions in the country to stop the facilitation of all transactions involving cryptocurrencies. And as if that was not enough, the apex bank asked regulated agencies in the system to identify persons or organizations that are … Read more
Bitcoin is one of the unimaginable inventions by mankind in the financial world as anyone irrespective of location, race, banked or banked can receive payment with their wallet. In guide covers the three simplest ways to convert your Bitcoin to the local currency (Naira) if anyone sends you money. As the blockchain, the technology that … Read more
Different types of exchanges exist in the cryptocurrency world, with different features and functionalities. We have those that can be regarded as “custodial exchanges”. These platforms, which are also known as centralized exchanges, were structured to have control over the assets of their users. Usually, such platforms have in place KYC guidelines that their users … Read more
The rise of blockchain technology has been met with different reactions across the world, most especially from Central Banks of different jurisdictions. Most of them are not comfortable with how cryptocurrency is disrupting the banking industry. Do banks have roles to play in the crypto-financial sector? Already, leading cryptocurrencies such as bitcoin and ethereum, have … Read more
Remitano Network Coin (RENEC) isn’t for sale, meaning you can neither buy nor sell the coin. The global peer-to-peer cryptocurrency exchange platform categorically made it known that “All activities that buy or sell RENEC at the moment are fraudulent” because the coin isn’t listed on any crypto-tracking website When a cryptocurrency platform issues an Initial … Read more
Instead of Nigeria’s government to come up with cryptocurrency regulations, its apex bank on February 5, 2021, handed down an autocratic warning to the financial institutions to block all accounts that transact in virtual currencies. Several accounts were frozen, and many people lost millions of Naira, but the anti-crypto policy is yet to stamp out … Read more
On February 5, 2021, the Central Bank of Nigeria (CBN) rolled out its first-ever anti-crypto policy that accounts of individuals linked to crypto-related transactions should be closed by financial institutions If you’re worried about how to join the crypto gang, the CBN ban can not stop you. In this guide, we’ll tell how to buy … Read more
Despite the 2015 warning to cryptocurrency traders by the Central Bank of Kenya (CBK), the residents of the East African country has continued to deepen their adoption of crypto. While the country’s authorities continue to clamp down on crypto traders, the Chief Executive Officer of Luno Marius Reitz predicted that Kenya will lead the cryptocurrency … Read more
Bitcoin closed 2021 at $47,192.17 or NGN26,616,383.88 to 1BTC and started the New Year (2022) at NGN26,631,932.36 or $47,287.05 with resistance to $50K/1BTC since January 28. Its All-Time High since it passed the $50K was $68,053.34 or NGN38,450,137.10 to one bitcoin on November 9, 2021 Bitcoin price is the major determinant of other coins around the world. … Read more
Bitcoin closed at $57,848.77 in October 2021, translating to NGN32,684,555.05 in Nigeria, thereby recording a dip compared to November 1, when it opened at NGN34,322,840.35 or $60,748.39. It opened at $56,995.88 or NGN32,202,672.20 at the time of this report and cryptocurrency enthusiasts hope to see bitcoin out perform the earlier set record in November when it traded at $68,053.34 or … Read more