Bitcoin
Dollar crashes against naira on Binance as CBN orders BDCs to sell USD to Nigerians at cheap rate
The Nigerian currency, the naira, strengthened against the US dollar on the cryptocurrency exchange platform, Binance, due to sell-offs, as CBN introduced changes.
FG slams $10 billion fine on Binance over forex crisis as dollar crashes against naira on platform
The Nigerian government has hit Binance, a cryptocurrency platform, with a $10 billion fine over foreign exchange infractions, saying it is illegal to fix FX rates.
Cryptocurrency rave as Bitcoin exceeds $60,000 mark for first time since 2022
Bitcoin has risen to a significant mark, sparking jubilation amongst crypto enthusiasts and giving a signal of a strong recovery since the 2022-2023 decline.
Nigerian crypto traders rush to Binance, trade N1.9bn in 24 hours as FG blocks platforms
Nigerian cryptocurrency traders traded about N1.9 billion worth of USDT on Binance following a directive by the Nigerian government to block the platform.
"My friend got scammed N35m after investing in crypto; how can I invest safely? Expert speaks
A cryptocurrency investor and expert has listed ways for investors to avoid being scammed after a Bitcoin investor reported that his account was hacked.
"He owned up": Court sends young man to 5 years in prison for $1.6m crypto fraud, EFCC shares photo
The EFCC has secured the sentencing of Benjamin Ikaa before Justice Emeka Nwite of the federal high court, Abuja. Ikaa was sentenced to a five-year jail term.
Nigerian banks set to develop new crypto as CBN sets new guidelines on digital assets, penalty
A consortium of Nigerian banks is rushing to develop new cryptocurrency following the lifting of the ban by the CBN on digital assets in Nigeria and its new rules.
Yellow Card Crypto Exchange applies for license to operate in Nigeria as CBN lifts ban
Yellow Card, a pan-African Cryptocurrency exchange platform is seeking a license from the Nigerian Securities and Exchange Commission (SEC) to operate in Nigeria
After CBN’s action, Nigerian banks, fintech Firms partner to develop new crypto
A consortium of Nigerian banks and financial technology companies are partnering to develop a new stablecoin that would be pegged to the Nigerian currency.
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