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“# Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa ” The first-ever virtual version of Blockchain Africa delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19. The conference featured a number of well-known industry commentators, participants and…
“# Nigeria’s central bank not discouraging people from trading crypto, says governor ” Godwin Emefiele, governor of Nigeria’s central bank which previously banned banks from servicing crypto exchanges, has reportedly clarified the bank’s position on the use of cryptocurrencies in the country. According to local news outlet TodayNG, Central Bank of Nigeria, or CBN, deputy…
“# Africa’s solarized digitalization agenda in the time of coronavirus ” The seventh session of the Africa Regional Forum on Sustainable Development convened earlier this month with the theme “Building forward better: Towards a resilient and green Africa to achieve the 2030 Agenda and Agenda 2063” and to promote the economic, social and environmental dimensions…
“# Blockchain and crypto will challenge current finance, Nigeria VP says ” Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking,…
“# Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries ” Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even…
“# ‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor ” Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital…
“#Nigerian Instagram star helped North Korean hackers in $1.3B scheme: Feds” A Nigerian Instagram star conspired with North Korean hackers to steal more than $1.3 billion from companies and banks in the U.S. and other countries, federal prosecutors said. Ramon Olorunwa Abbas, 37, also known as “Ray Hushpuppi,” is being accused of helping three North…
“# Nigeria and South East Asia led global crypto adoption in 2020 ” Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020. According to the survey, the pre-existing…
“# Bitcoin selling at 36% premium in Nigeria ” It’s been roughly 11 days since the Central Bank of Nigeria banned all regulated financial institutions from providing services to cryptocurrency exchanges in the country. At the risk of stiff penalties, all banks and institutions were directed to close crypto-related firms’ accounts immediately. In the wake…
“# More harm than good? Nigerian crypto users in disbelief over CBN ban ” The Central Bank of Nigeria has banned banks from servicing crypto exchanges in the country in a move that echoes actions taken by its Indian counterpart back in 2018. Reactions to the news among the political class have been divided among…