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Tag: Cryptocurrency

Crypto

Nigeria’s peer-to-peer crypto trading worth $500bn – Expert

The Chief Executive Officer of cryptocurrency firm NoOnes, Ray Youssef, has said that peer-to-peer popularly known as P2P is probably worth $500bn business in Nigeria alone. This was revealed by Youssef in an interview with Techpoint Africa amid an imminent ban on cryptocurrency in the country, according to The Punch. Youssef said “Peer-to-peer is probably […]

Ethereum records 267,000 new wallet creations, breaks record
News

Ethereum increases by 8%, highest in over a month

The recent surge in Ethereum, which witnessed an impressive 8% increase, has set a new milestone as its largest surge in over a month, sparking renewed excitement within the cryptocurrency ecosystem. Ethereum’s surge has notably outpaced major crypto assets like Bitcoin, signaling a potential shift in market dynamics. According to reports from BeinCrypto, the surge […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin mining monthly revenue hits record high of $2bn in march

Bitcoin mining companies generated the highest monthly revenue in their history in March, with more than $2 billion in block rewards and transaction fees. The previous record, set in May 2021, stands at $1.74 billion. About $85 million of the $2 billion in revenue last month came from transaction fees, whereas $1.93 billion was derived […]

Disgraced crypto tycoon Bankman-Fried jailed 25-year
Crypto featured

Disgraced crypto tycoon Bankman-Fried jailed 25 years

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history. US prosecutors were seeking a prison term of 40-50 years after a New York jury found Bankman-Fried, known by his initials SBF, guilty in November following a five-week […]

Crypto

Crypo platform NoOnes emerges top choice for Nigerian Binance users

In a groundbreaking shift within the cryptocurrency landscape, NoOnes, the innovative peer-to-peer platform, is rapidly asserting itself as the go-to choice for Binance users in Nigeria seeking seamless and efficient P2P transactions. The platform is revolutionising P2P trade with its unique community, mission and team of advocates as Binance users in Nigeria are increasingly adopting […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance sets price cap as presidential aide calls for ban

The cryptocurrency stablecoin Tether’s selling price on Binance’s peer-to-peer exchange has been capped, as the company has also stated that it is willing to cooperate with Nigerian authorities. In a blog post published on Wednesday, Binance stated that its P-2-P platform is driven by the market and not by Nigerian currency rates. “Binance serves as […]

Crypto

A&D Forensics trains specialist on cryptocurrency crimes

By Melvin Onwubuke Digital blockchain and forensic company, A&D Forensics, trained a new set of Crytocurrency Currency Compliance Specialist (3CS) to track suspicious financial transactions. According to BusinessDay, the Co-founder and Senior Partners at A & D Forensics in Abuja, explaining the significance of the ongoing training initiative said “effective compliance is crucial to prevent […]

Nigeria to develop cNGN Stablecoin in 2024 - Report
Crypto featured

ICYMI: Nigeria to develop cNGN Stablecoin in 2024 – Report

Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency trading through official channels. The new stablecoin cNGN is being developed by a consortium of Nigerian banks, fintechs, and blockchain businesses and will be consistent with the regulations set by the stakeholders and controlled Naira […]

Bitcoin falls below $100,000 in crypto market
Business

Why CBN’s cryptocurrency approval will increase govt income – Operators

Crypto ecosystem stakeholders have stated that regulating cryptocurrencies will provide new tax income for the government. The PUNCH reported that they spoke after the Central Bank of Nigeria lifted the prohibition on cryptocurrency transactions in a circular issued on Friday. The banking authority has already instructed all banks to refrain from engaging with cryptocurrency businesses in […]

Binance founder Zhao steps down
News Tech

Binance founder Zhao steps down

Changpeng “CZ” Zhao is leaving his position as CEO of Binance as part of a significant $4 billion deal with the Department of Justice and the cryptocurrency exchange he founded, Forbes reported on Tuesday. The move follows a Tuesday settlement with the Office of Foreign Assets Control, the Financial Crimes Enforcement Network of the Department […]

featured

Why stocks may yield higher profits than cryptocurrencies – Stockholders

Stockholders in the capital market have said that the equities market can deliver greater returns for young Nigerians than bitcoin and foreign exchange trading. According to The Punch, this information was revealed at the “Deepening Financial Inclusion in the Retail Investor Ecosystem” NGX Regulation Retail Investor Workshop. Speakers at the event made the point that youths may […]

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