Need For Large Scale Education To Stop Hacks And Scams In Crypto Ecosystem.
According to a study by Chainalysis, scammers got away with $14 billion worth of crypto in 2021, which represents hundreds of thousands, maybe millions of victims in a community where every negative experience affects everything. Scams are shattering mainstream confidence in crypto, perhaps…
Whopping $10m Paid In Largest Bounty Payout Record.
A whitehat (ethical security hacker) who goes by the pseudonym satya0x, on February 24th, responsibly disclosed a critical bug in the Wormhole core bridge contract on Ethereum and earned $10 million in a largest bounty record. This bug was an…
CBN Goes on e-Naira Local Markets Awareness Program Around the Country.
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday…
Google Announces Phase 2, $4 Million Startup Funds For Nigeria, Africa.
Google recently announced that applications for the second phase of its Startup Black Founders Fund for Africa are now open. According to the firm, it is increasing its commitment to $4m in funding and supporting 10 more founders because of…
As Nigeria SEC Issues Crypto Regulations, US SEC Warns Crypto Investors.
The US Securities and Exchange Commission has warned the investing public about cryptocurrencies, stating that the digital asset class is not that decentralized. This criticism comes days after the Nigeria SEC decided to regulate digital assets. The US Securities and…
Nigeria To Resume Foreign Exchange Sales to Banks
The Central Bank of Nigeria has resumed the sale of foreign exchange, forex, to banks in order to clear the backlog of unmet demand said to be in excess of $1.5 billion after many weeks of absence from the foreign…
Nigeria Among the 23 African Countries To Participate In A Bitcoin Conference Hosted By El Salvador President.
Financial government authorities in Africa like the Central Banks and Ministries of Finance, will be attending a Bitcoin to be hosted by El Salvador on the future of Finance. According to the President of El Salvador, Nayib Bukele, 32 Central…
Kenya Leads In Crypto Trade In East Africa.
Finder’s 2022 Cryptocurrency Adoption Index ranks Kenya 12th for cryptocurrency ownership out of 27 countries surveyed globally. Cryptocurrency ownership in Kenya is however behind countries like Nigeria (21%) and Ghana (17%). Also Read: Nigerian And Kenyan Politicians In Bitcoin Money Laundering Saga….
Youths Are Bedrock Of Crypto Adoption in Nigeria… IMF.
The International Monetary Fund IMF, in a recent report said crypto assets are more appealing to countries with younger populations. It added that countries with weaker economic fundamentals are likely to see a surge in crypto adoption since they (crypto)…
UAE’s Dubai Based Emirates Airlines To Accept Bitcoin As Payment Option.
The United Arab Emirates (UAE)’s leading airline, Emirates Airline, announced plans to accept bitcoin as a payment service, the company’s chief operating officer (COO) Adel Ahmed Al-Redha has said. In addition, the airline will add non-fungible token (NFT) collectibles on…