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Tag "cryptocurrency"

FAKE NEWS ALERT: CBN denies instructing banks to restrict crypto accounts

    FAKE NEWS ALERT: CBN denies instructing banks to restrict crypto accounts

The Central Bank of Nigeria (CBN) has denied instructing banks to restrict cryptocurrency accounts. In a post on X on Wednesday, CBN clarified that the circular did not originate from

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Binance: Regulating cryptocurrencies falls outside CBN purview, says Cardoso

    Binance: Regulating cryptocurrencies falls outside CBN purview, says Cardoso

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says it is not in the purview of the apex bank to regulate or prosecute actors in the cryptocurrency sector. Cardoso clarified

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Presidency: Clampdown on crypto platforms paying off — naira strengthening

    Presidency: Clampdown on crypto platforms paying off — naira strengthening

The presidency says the clampdown on some cryptocurrency trading platforms is “yielding fruits” for the stability of the naira. Ajuri Ngelale, the special adviser to the president on media and

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Report: Binance regional manager for Africa fell ill in Nigerian detention

    Report: Binance regional manager for Africa fell ill in Nigerian detention

Nadeem Anjarwalla, Binance’s regional manager for Africa, reportedly fell ill while in detention in Nigeria, WIRED is reporting. On February 28, the Financial Times reported the federal government detained two

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Bitcoin price hits all-time high of $71,000

  Bitcoin price hits all-time high of $71,000

Bitcoin, the world’s largest cryptocurrency by market cap, on Monday, crossed $71,000 for the first time in two years. The

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Reps mull law to regulate cryptocurrency, digital assets transactions 

  Reps mull law to regulate cryptocurrency, digital assets transactions 

The house of representatives has resolved to investigate the “current status” of cryptocurrency, digital assets, and all online peer-to-peer (P2P)

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Binance to discontinue ALL naira transactions from March 8

  Binance to discontinue ALL naira transactions from March 8

Binance Nigeria has announced plans to cease all services in naira, the country’s local currency, from March 8, 2024. The

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Bitcoin price rises above $60,000 — first time in two years

  Bitcoin price rises above $60,000 — first time in two years

Bitcoin price on Wednesday rose above $60,000 for the first time in two years. According to CoinMarketCap.com, Bitcoin rose by

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Strategic cryptocurrency investment methodology

  Strategic cryptocurrency investment methodology

In the rapidly evolving financial landscape, cryptocurrency has emerged as a beacon for astute investors attracted by the promise of

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Cryptocurrency: Empowering business financial innovation

  Cryptocurrency: Empowering business financial innovation

In an age where the digital economy is rapidly transforming, businesses are in a perpetual quest for innovations that can

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