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

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First Regulatory Framework For StartUps in Nigeria Underway.

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Bill to regulate fintech and cryptocurrency. The collaborative bill calls for suggestions A bill to regulate startups in Nigeria is on the works through collaborative efforts of Nigeria tech ecosystem players and representative of Nigerian government. The journey began in…

Bitcoin Drops Below $30,000 Again.

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For the second time since achieving all time high of $65,000 in April, 2021, Bitcoin has recorded it’s second fall below $30,000. The first was in June 22nd, 2021. The effect snowballed to altcoins. Bitcoin recorded a 5% sharp drop…

Crypto, Blockchain Experts in Demand as Countries Venture into Digital Currency.

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Monetary regulatory powers globally are announcing in quick successions their plans to launch digital currency. The big question is, who has the knowledge to execute this ? Bahamian Sand dollar was the first digital currency launched by a sovereign nation…

Twitter CEO,Jack Dorsey Announces Entry of Square Into DeFi Ecosystem.

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The CEO of Square Jack Dorsey announced earlier in the week the entrance into the decentralized finance by his payment company Square. Square is entering DeFi market on a blockchain other than the conventional Ethereum. Dorsey is building his platform…

Africa Fintech Start-ups Growth: Nigeria Maintains Control.

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The number of fintech start-ups domiciled in Africa rose to 576 in 2021 atest report study from Disrupt Africa, a 17.3% leap from 491 start-ups that were operating in Africa in 2019. This was revealed in a study report by…

European Central Bank to Roll Out Digital Euro, € Before 2026.

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The European Central is intensifying it’s plan to launch a digital currency as the use of cash (fiat) declines, as China concludes pilot survey of it’s native e-yuan. The European Union apex bank announced a two years investigation period on…

Market Explosion for NFT (Non Fungible Token) as Trade Volume Skyrockets to $3 billion.

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NFT markets recorded an all time high of $3 billion for the first part of the year 2021 against mere $13 million reached in first half of 2020, report from market data reveals. The prices increase range from sales in…

Private Equity and Venture Capital Terrain in Africa: 2021 Post Pandemic .

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Investors growth pre and post pandemic Africa in private equity and venture capital has seen a vibrant investment in finance sector, fintech and cryptocurrency. Africa leading data engagement platform, reported an average of 600 investors across Africa are active in…

Egypt’s Custom Launches Blockchain Based “NAFEZA”.

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To Ease Clearance of Consignment Egypt launches fast import clearing system called the National Single Window for Foreign Trade Facilitation, NAFEZA. The action is implemented by Egyptian Customs Authority ( ECA), the country’s body responsible for implementation of import and…

Nigeria P2P Crypto Trade Volume Continues To Rise.

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This increase surpassed the trading volume of $35.2 and $34.9 recorded in the month of April and May respectively. Peer to peer trade volume in Nigeria cryptocurrency market surpassed it’s previously $35 million mark to upsurge to near $40 million…