One of the six Crypto Bridge Exchange (CBEX) promoters, Adefowora Abiodun, has voluntarily turned himself in to the Economic and Financial Crimes Commission (EFCC). CBEX, which described itself as a cryptocurrency trading platform, vanished after allegedly defrauding investors of over $1 billion, amounting to more than a million naira from individuals who were lured by … Read more
Residents of Panama City can now pay for public services, such as taxes, tickets, permits, and other government fees, using Bitcoin, Ethereum, and stablecoins like USDT and USDC. This development follows an approval by the Panama City Council, making it the first government institution in the country to accept cryptocurrency payments. With a population of … Read more
South Korea’s Financial Services Commission has blocked at least 15 cryptocurrency exchanges, including KuCoin and MEXC, for operating in the country without permission from the authorities. The apps of the affected exchanges have been pulled down from the Apple Store beginning April 11, following a request from the country’s Financial Intelligence Unit (FIU). The FIU … Read more
Nigerians who invested in CBEX, a platform that used crypto trading as a ploy, are now languishing in debt while crying their eyes out. The platform, which promised a 100% return on investment (ROI) in 30 days, has folded up—without a trace. As of the time of this report, investors are said to have lost … Read more
Thousands of Nigerians who invested in the now-collapsed Ponzi scheme, CBEX, are languishing in regret—despite similar schemes in the past and repeated warnings by Nigeria’s Securities and Exchange Commission (SEC) to steer clear of unregulated investments. MMM is a typical example. Then came Racksteli, promoted by the Nigerian singer Davido and former lawmaker Dino Melaye, … Read more
Tether has promised to deploy both existing and future hashrate on OCEAN, a leading Bitcoin mining pool focused on decentralization, aimed at strengthening Tether’s commitment to supporting the resilience, transparency, and decentralization of Bitcoin’s foundational infrastructure. In a statement on Monday, the largest company in the digital assets industry says it will be leveraging OCEAN’s DATUM Gateway software, … Read more
Imagine you’re in your house on a cool Saturday evening, and the power suddenly goes off. You think it’s a general issue until you look through your window and see that you’re the only one plunged into darkness. And for what reason? Your electricity units just got exhausted. Exhausting, right? Here’s the good news: paying … Read more
Bitcoin closed at $84,373.01 at the end of February 2025, with traders hopeful that BTC was poised to break through to new highs. Unfortunately, it slipped to $77,420.59 on March 10 before bouncing back to regain some momentum. Here is the Bitcoin price from March 1 to March 31, 2025 Date Open High Low Close … Read more
Engr. Bayo Bashir Ojulari was appointed as the 20th head of Nigeria’s state-owned oil firm on April 2, 2025, following the president’s decision to sack Mele Kyari and dissolve the board of the Nigerian National Petroleum Company Limited (NNPC Limited). To some analysts, Kyari had overstayed his tenure, given the inefficiencies that plagued NNPC Limited, … Read more
T3 Financial Crime Unit (T3 FCU) has intercepted and frozen $9,000,000 in fraudulent digital assets linked to the recent Bybit hack, Tether announced in a statement Wednesday, March 26, 2025. T3 FCU was founded in September 2024 through the collaborative efforts of Tether, TRON, and TRM Labs with the aim of tracking illicit digital assets … Read more
The gains Pi Coin made a couple of weeks ago have been wiped out by turbulence in the crypto market. It recently crashed from being the 11th largest digital asset, with a market capitalization of $13,648,417,003, to the 15th position (on March 8, 2025), and is presently in No. 27th position (May 5, 2025). What … Read more
Financial markets have undergone substantial changes due to the implementation of AI technology. AI trading bots are the pinnacle of AI innovation since they have shown notable expansion throughout the last few years. Modern trading activities experience a revolutionary shift because trading bots have transformed how traders work. The financial markets now welcome AI trading … Read more
The Securities and Exchange Commission (SEC) of Thailand has approved the use of Tether’s USDt and Circle’s USDC as part of the cryptocurrencies that can be traded in the country. The two largest stablecoins, which currently have market capitalizations of $142,987,380,968 and $58,005,676,502, respectively, now join the list of existing digital assets such as BTC, … Read more
As Bitcoin soars and altcoins follow, investors are asking a big question: Which passive income method can turn a small investment of $500 into life-changing gains? The concept of passive income has grown in popularity in recent years as people look for ways to make money without active involvement. Passive income refers to income that … Read more
President Donald Trump’s signing of an executive order on Thursday establishing a reserve of Bitcoin for the United States is a significant step toward bringing crypto into the mainstream. The signing was expected, given his support for cryptocurrency even during his campaigns. Earlier this month, the president expressed special interest in ETH, BTC, SOL, XRP, … Read more