Diutocoinnews

Bitcoin And Cryptocurrency News in Nigeria

Year: 2020

Understanding What is Cryptomining Like Bitcoin Mining and How it Works.

What is Cryptomining: Cryptocurrency mining is the process in which transactions between user A and B are marked valid and then added into the public blockchain ledger. The process of this cryptocurrency mining is also responsible for introducing new coins…

The Peer-to-Peer Bitcoin Kiosk, Paxful is Building a third School in Kenya Under it’s #BuiltwithBitcoin Project.

Paxful, the peer-to-peer bitcoin kiosk recently announced today that work has commenced on a third school in Kenya, Africa. The school is funded by its #BuiltwithBitcoin initiative. The new school is located at Machakos County, Kenya. The paxful #BuiltwithBitcoin School…

The Coinmarketcap 2019 Report Shows that Cryptocurrency Exchange Tokens Like Binance Coin (BNB) Outperformed Bitcoin in 2019.

Coinmarketcap 2019 Report Shows Exchange Tokens Like BNB Outperformed Bitcoin in 2019. The new coinmarketcap 2019 report was released by Coinmarketcap, the world top cryptocurrency ranking website on the 9th of January 2020. The report covers different market activities recorded…

A New Report Shows There is an Increase in Fintech Startups Offering Services that Allow Nigerian Youths to Buy US Stocks.

Financial technology, (fintech) start-ups like Bamboo are helping a good number of young Nigerians to invest in US stocks and assets easily. According to the report released by Quartz Africa Weekly Brief, these fintech platforms offering services like payment processors,…

Crypto Weekl Review: BFX BitPesa, the First Crypto Service Provider to Secure Remittance License From the Central Bank of Uganda.

BFX BitPesa, the First Crypto Service Provider to Secure Remittance License From the Central Bank of Uganda. WAMZ Including Nigeria Rejects the Change of CFA Franc to Eco Currency. The First Successful Blockchain based Electronic Voting in African University System…

West African Monetary Zone Including Nigeria Issued a Statement Rejecting the Change of CFA Franc to Eco Currency.

Following the meeting on thursday, Members of the West African Monetary Zone (WAMZ) strongly condemned the decision by the French-speaking West African states to rename the CFA Franc as “Eco” by 2020. The issue was raised during the extra-ordinary meeting…

Dash Partners with Bitfxt Cryptocurrency Exchange to Offer Remittance Service to Nigerians at One Percent Fee Charge.

Lagos, January 17, 2020. Sending remittances to Nigeria cost just 1% with Dash Dash, the top digital currency for international payments and remittances, today announced a partnership with Bitfxt Exchange, a top Nigerian exchange to offer Dash remittances to Nigerians…

Nigeria Should be Prepared to Fight New Styles of Cyber Attacks in 2020 Says CSEAN After Nigeria had 167 Cyber Criminals Out of the 281 Global Cyber Criminals Arrested in 2019.

The recent development and innovations due to the effect of emerging technologies, such as the Internet of Things IoT, Cloud Technology, and Smart Phones has opened new vulnerabilities for cybercriminals to exploit. A total number of 281 global arrests of…

The Perpetrators of Dunamiscoin Scam to Appear in Court on Jan 22 2020 for Collecting Money from Investors in Pretense.

Following the Dunamiscoin scam, State Prosecutors said that they have logged over 4,000 complaints against the popular crypto scam in Uganda by Dunamiscoins Resources Limited.  Just after the collapse of the downtown lollipop coin, Samson Lwanga, 37, and Mary Nabunya,…

Blockchain Developers Community of University of Nigeria Jos (UniJos), Conducts University Election Using Ethereum Based Voting Dapp.

A community of cryptocureency and blockchain enthusiasts from the central part of Nigeria developed an ethereum based voting dapp powered by blocking technology.  The blockchain developers community at the Federal University of Jos (UniJos) developed a functioning voting dapp on…