CBN intervenes at the Retail Market with 280.04m US Dollars And 28.3m CNY

By Tony Diuto

The Retail Secondary Market Intervention Sales (SMIS) received a boost of 280.04 million dollars and 28.3 million Chinese Yuan from the Central Bank of Nigeria (CBN) reports Guardian.ng The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Friday. “CBN also injected CNY 28.3 million in the…

eTranzact To Utilize Blockchain Technology To Improve Banking Services.

By Tony Diuto

eTranzact International Plc, seeks to utilize Blockchain Technology to reduce customer cost and improve data security for its customers. eTranzact is a pioneer company in money transfer operating in Nigeria, Ghana, Kenya, Zimbabwe, Cote d’Ivoire, and UK. According to the Guardian Newspaper reports, the Deputy Managing Director, eTranzact, Hakeem Adeniji-Adele, said the company is already…

Brave Browser Launches Brave Ads On Android App Rewarding Users With BAT.

By Tony Diuto

Privacy-protection Brave Ads now launched on Brave Android browser, rewarding users with BAT. Barely two months after launching the first advertising platform built on privacy for its desktop users. Brave equally launched same on its Android App making it the first privacy browser to reward users on Android.  The update was rolled out on Google…

Cybercrime: A Threat To The Society.

By Tony Diuto

Cybercrime is an emerging serious threat to our society today. Worldwide governments, police departments and intelligence units have started to react. This is so because crime is the direct opposite of development. It leaves a negative social and economic consequence.       Cybercrime can be seen as any unlawful act committed on the internet using the computer…

Things You Must Know About Libra Cryptocurrency. The Facebook New Cryptocurrency.

By Tony Diuto

Libra Cryptocurrency dubbed Facebook cryptocurrency is set to launch mid 2020 after the whitepaper was released in June 2019. Many financial institutions has taken a negative stance towards Libra development. Some notable financial institutions around the world has spoken on its negative effects towards the financial institutions. The US government has ordered Facebook to halt…

Why Bitcoin As A Ransom

By Tony Diuto

      Lately, the global interest in bitcoins has grown. So, it becomes extremely important to understand the basics of bitcoin and other virtual currencies. Bitcoin, and its alternatives are all based on cryptographic algorithms which are encrypted. This makes the currency decentralized giving ownership to the user.       These can be purchased through an online exchange or…

Weekly On Crypto And Cyber Crimes: Cyber Crime Must Not Race Ahead.

By Tony Diuto

Recently, the rate of cyber crimes is rapidly increasing. Day in day out,headlines about the latest cybercrime dominate the news agenda. Criminals continue to target high profile organizations and individuals at the scale and show no signs of slowing down. Ranging from personal data consuming theft, to financial information leakage, to copyright materials these attacks…

What Is The Facebook’s New Cryptocurrency Called Libra Cryptocurrency.

By Tony Diuto

Libra cryptocurrency is the new Facebook digital money dubbed Libra which was announced on Tuesday June 18 by Facebook. The Facebook new cryptocurrency ‘Libra’ was created to “enable a single global currency and financial infrastructure that empowers billions of people”. It will help users send and receive money on WhatsApp, Facebook Messenger and Instagram. The…