Binance is one of the largest cryptocurrency exchanges in the world,
Cryptocurrency
North Korean Hackers Stole More Than $600 Million In Cryptocurrency In Single Hack – FBI
The FBI has blamed hackers associated with the North Korean government for stealing more than $600 million in cryptocurrency last month from a video gaming company. The hack is the latest in a string of audacious cyber heists tied to the North Korean government who have for years avoided sanctions placed by the UN over … Read more
BREAKING: Naira Falls At I&E Window As $109.8 Million Exchange Hands
Naira has fallen at I&E Window as $109.8 Million Exchange Hands. NewsOnline reports that the exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. ALSO: US Orders Americans Out Of Ukraine Immediately Naira reversed its position at the Investors and … Read more
Imagine Global: Court orders banks to disclose cryptocurrency, other investments of fleeing couple
Lagos State High Court sitting in Osborne, Ikoyi has ordered all banks to disclose all investments including fixed deposits, treasury bills and cryptocurrency in the name of Global Holding Company Limited and Imagine Global Solutions Limited. Founders of the companies, Bamise and Elizabeth Ajetunmobi, are wanted for allegedly defrauding Nigerian investors of N18.8 billion. Justice … Read more
I was devastated, Kunle Afod speaks on Tafa Oloyede’s death
Actor Kunle Afod has mourned veteran actor Tafa Oloyede who died on Tuesday, February 1. In an Instagram post on Wednesday, Kunle stated that he was devastated and shocked over the death of the veteran. He said: “When I heard about your death I was shocked and devastated… for close to 3 hours I was … Read more
Crypto Market Liquidations Surpasses $881 Million As Alts Post Double Figure Losses
Crypto Market Liquidations Crypto Market Liquidations have surpassed $881 Million as Alts post-double-figure losses. NewsOnline reports that the bears have taken over the narrative in the cryptocurrency market as the market paints in their favourite colour, red. Data from Coinglass reveals that as Bitcoin took its nosedive towards $38,000 per coin, the total cryptocurrency market … Read more
Bitcoin price drops below $40,000 amid Russian crypto ban
Home » Bitcoin price drops below $40,000 amid Russian crypto ban The world largest crypto by market cap, Bitcoin dropped more than 9 percent on Friday to $38,147. According to data on CoinMarketCap, this is the lowest rate since August 2021. This development is coming after Russia’s central bank proposed to ban all cryptocurrency operations … Read more
Crypto Ban: FCMB begins treating customers aged 18-30 as fraud suspects
First City Monument Bank has put out an alert on accounts held by people between the ages of 18-30, asking staff to be on the lookout for money launderers and other criminal activities. An internal email seen by Globaltimesng titled “Compliance Advisory on Cryptocurrency Dealing/Transactions” is in furtherance of the Central Bank of Nigeria’s ban … Read more
CBN Announces Date To Launch Digital Currency
The Central Bank of Nigeria (CBN) has announced that it will be launching the pilot scheme of its digital currency on October 1st, 2021. Naija News gathered that the CBN outlined its digital currency initiative via a private webinar held on Thursday. According to Nairametrics, private sources revealed that the pilot scheme will be launched on … Read more
Is A Game-changing Crowdfunding Blockchain Project About To Launch In Africa?
Indications have emerged signalling that a major disruption to project financing in Africa may be in the works. Naija News got a lead that a major African brand alongside its international partners are collaborating to develop and launch what may be the first Africa-wide decentralized blockchain-enabled project financing platform. According to indications, this would revolutionize … Read more
El Salvador Approves Bitcoin As Legal Tender – President Bukele Announces
El Salvador, a country in Central America, has legalized bitcoin as legal tender in the county. Naija News understands that the development makes the country the first nation to approve the cryptocurrency Bitcoin as a legal tender. The nation’s President, Nayib Bukele made the announcement after Lawmakers in the Central American nation’s Congress passed a bill … Read more
OctaFX takes a stand against copycats, impostors
The phenomenon of fake websites and fake social media accounts is not new and has been a severe issue since the dawn of the internet. It gives enormous blows to the legitimate business being imitated and calls for immediate action. Let’s take a look at how to spot fraud and which steps to take to … Read more
PayPal allows US shoppers to make cryptocurrency purchases
(FILES) In this file photo taken on December 10, 2013, the logo of online payment company PayPal is pictured during LeWeb 2013 event in Saint-Denis near Paris on December 10, 2013. – PayPal on March 30, 2021, began allowing people in the US to use cryptocurrency to make purchases from millions of merchants that use … Read more
Moghalu, other global leaders to speak at Cybertech conference in Dubai
[File] Kingsley Moghalu Professor Kingsley Moghalu, a 2019 presidential candidate, will be a Keynote Speaker at the Cybertech Global Conference, the yearly gathering of the world’s top leaders in the field of cybertechnology. Scheduled to take place in Dubai, United Arab Emirates from April 5-7, the conference will review developments in the cybertechnology ecosystem and … Read more
Cryptocurrency Ban: Nigerians Are Free To Use Bitcoin – CBN
The Central Bank of Nigeria (CBN) has declared that there was no time the bank banned the activities of Cryptocurrencies in the country. This declaration was made by the governor of the apex bank, Godwin Emefiele in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank. Representing the apex … Read more
Bitcoin Hits $60,000, Sets New Cryptocurrency Record
After a period of drops and consolidation since Mid-February, Bitcoin has found its mojo again and soared to new all-time highs. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according to the website CoinMarketCap. Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred by … Read more
Economic Benefits Of Cryptocurrency For Nigeria
There is an ongoing debate on the adoption of cryptocurrency or digital currencies such as Bitcoin, Ethereum, et al. as a means of exchange in Nigeria; a discussion that has caused a divide in ideologies held by Nigerians who deal in cryptocurrency and the Central Bank of Nigeria (CBN). Nigeria remains a big player in … Read more
Investment Opportunities In Cryptocurrency Valuable, says SEC
The Securities and Exchange Commission, SEC, says the investment opportunities in cryptocurrency has made it valuable and significant to Nigeria. The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja said the commission … Read more
Cryptocurrency Ban: Senate To Probe Emefiele, SEC DG
The Nigerian Senate had summoned the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, and Director General of the Security and Exchange Commission. SEC, Lamido Yuguda, over the decision of the CBN to restrict cryptocurrency in the country. The Senate asked the committees on Banking, Insurance, and Other Financial Institutions, Capital Market, as well … Read more
We Want to Regulate and Not Ban Cryptocurrency – SEC
We Want to Regulate and Not Ban Cryptocurrency – SEC. The Securities and Exchange Commission (SEC) said it has suspended the admittance of affected persons into its Regulatory Incubation Framework for Fintech firms. Recall that SEC, the apex regulator of the nation’s capital market, had in September 2020 described digital assets, including crypto assets, as … Read more
As Nigeria Ban Bitcoin, Mastercard Adopts It as Payment Option
As Nigeria Ban Bitcoin, Mastercard Adopts It as Payment Option. The Mastercard has revealed that it will begin to accept Bitcoin, Dogecoin and other cryptocurrencies on its network in 2021. This was made known in a blog post by Mastercard executive vice president for digital assets, blockchain products and partnerships, Raj Dhamodharan. “Whatever your opinions … Read more
Senate Summons CBN Governor over Cryptocurrency Ban
Senate Summons CBN Governor over Cryptocurrency Ban. On Thursday, The Senate directed the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to appear before its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market to brief it on the recent decision to ban cryptocurrency in the country. The … Read more
Bitcoin Witnesses Surge In Price, Activity Increases On Network
Bitcoin’s impressive price surge has spilled over 2021 as the asset hit another all-time high while increasing activity on the network. The rise is can be attributed to when Telsa made an announcement concerning Bitcoin and the rise also reflected in the transaction fees. Data presented by cryptocurrency trading simulator Crypto Parrot indicates that Bitcoin’s … Read more
Why Ethereum coins on Crypto exchanges are becoming harder to buy
The amount of Ethers held on Crypto exchanges just hit a 16-month low amid the high buying pressure seen in recent days. Glassnode, an advanced crypto analytic firm released key details on why Ether coins on Crypto exchanges are becoming rare; Ethereum Balance on Exchanges just reached a 16-month low of 15,162,927.567 ETH.4 Ether reserves … Read more
Bitcoin flying to Mars, breaks all-time high
The most popular crypto asset, Bitcoin, was trading at $46,596.4, up 20.10% on the day. It was the biggest daily percentage gain since December 7, 2017. Such an alarming surge pushed Bitcoin’s market value up to $848 billion, or 63.38% of the total crypto market value. Bitcoin has been trading between $38,057.0 and $46,596.4 for … Read more
Amid CBN Ban, Bitcoin Hits Record High Above $43,000
Bitcoin, a popular cryptocurrency has recorded its most recent gains by hitting $43,725.51 in value. Bitcoin Bitcoin has appreciated in value by trading at a record $43,000 on Monday. The latest rise happened after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT, before cooling slightly to $42,352. … Read more
Why Nigerian Crypto community is angry with CBN
The Nigerian crypto community recently received a shocker when CBN released a circular warning financial institutions to desist from dealing or facilitating payments for cryptocurrency exchanges. Many young Nigerians who engage in crypto are obviously unhappy with such a directive knowing very well, the influence the apex bank has on Africa’s fast-growing financial ecosystem. Ever … Read more
CBN explains why it banned banks from dealing with Cryptocurrencies
The Central Bank of Nigeria in a circular recently notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in crypto and other digital assets. “Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are … Read more
BREAKING: No Going Back On Cryptocurrencies, CBN Fires Back At Critics
The bank, in a statement on Sunday evening, said it is determined to protect the country’s financial system from activities of “fraudsters and speculators”. CBN Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has said that it will continue to do all within its regulatory powers to educate Nigerians to desist from use of … Read more
How social media reacted to the CBN crypto ban
The Central Bank of Nigeria in a circular recently notified Deposit Money Banks, Non-Financial Institutions, other financial institutions against doing business in crypto and other digital assets. “Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are … Read more