Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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Central Africa Republic Crypto Hub Won’t Receive World Bank Support.

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The World Bank has expressed its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency noting that it won’t back the newly announced “Sango” crypto hub. At the end of April, CAR president Faustin-Archange Touadéra…

Old Fashion Research Launches $100m Crypto Fund for African and Latin America Crypto Projects.

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Old Fashion Research (OFR) a group of former executives from Binance has created a $100 million Venture Fund to fund crypto projects in Africa and Latin America with Metaverse Magna spearheading it’s Africa’s project. The group’s name, derived from the classic…

CBN Open Banking Guidelines To Allow Banks Share Customers Data With Retailers.

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Recently, the Central Bank of Nigeria (CBN) published proposed guidelines that would introduce an ‘open banking’ era in Nigeria, a map that defines rules on how companies exchange digital financial data belonging to consumers. Open banking, is the he use…

Ghana’s eCedi CBDC Available Online For Vodafone Cash users, CalBank and IT Consortium Customers.

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Bank of Ghana BOG has revealed that the chance to test the online version of the eCedi is restricted to Vodafone Cash users, customers of CalBank and IT Consortium in Accra and Tarkwa in the Western Region. This was contained…

Nigeria To Develop the Official Platform For Commercialization of Intellectual Property Rights on Algorand

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Koibanx global blockchain company announced on Tuesday during Twitter Spaces session it co-hosted with Fred Estante that the federal government has entered a three-year exclusive IPR (intellectual property right) agreement with Developing Africa Group to launch a national wallet for…

Central African Republic Plans To Establish A Cryptocurrency Economic Zone.

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A crypto hub is emerging in The he Central African Republic (CAR), the second country in the world to adopt bitcoin as a legal currency after El Salvador, plans to develop a hub to attract cryptocurrency businesses and enthusiasts to…

eNaira Will Stop Naira Abuse And The Cost Of Printing New Currency.

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A director of Central Bank of Nigeria, CBN who was in Asaba, Delta State, Mr Godwin Okafor has said the introduction of the e-Naira as a means of transaction in the country would put a stop to the abuse of…

Metaverse To Add $40 Billion Into Africa’s Economy; Meta Predicts.

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Metaverse growth projections released recently by Analysis Group, a research company contracted by Meta, indicate that the metaverse will pump an additional $40 billion into sub-Saharan Africa’s gross domestic product (GDP) in a decade’s time. There is one major caveat though according…

Naira At N610, Records 205% Devaluation Against Dollar Since 2015.

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THE nation’s currency, Naira, slid to N610 to a dollar over the weekend at the parallel market in Lagos and Abuja, thus widening the gap between the official and parallel market exchange rates to N191.  The exchange rate hovered between…

Venture Funding For African Crypto Start-ups Multiplied By Near A Dozen.

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According to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank, more venture funding flowed into the Africa in 2022’s first quarter compared to the first quarter of 2021 as crypto and blockchain adoption…