The Federal Bureau of Investigations, FBI, has filed a case claiming that Olalekan Jacob Ponle, an acompliance arrested alongside Hushpuppi, defrauded US firms of millions in dollars.
German Finance Minister Olaf Scholz has announced plans to restructure financial services regulator Bafin following the reputational damage surronding the Wirecard scandal.
Since the establishment of Bitcoin Automated Teller Machines in 2013, over 8,000 Bitcoin ATMs are now installed around the world, including in Nigeria, the country with the highest bitcoin trading volume in Africa.
Recent Google Trends data compiled by Blockchaincenter.net shows that Kenya ranks above Nigeria in Bitcoin search for the first time over a long period of time.
According to the information provided by the Medium-Term Expenditure Framework and Fiscal Strategy (MTEF/FSP) report as released by the Federal Ministry of Finance, Budget, and National Planning, the exchange rate between the naira and the dollar may be further devalued.
Bitcoin still stands out as the best investment of all time against the Nigerian Naira for over 50 years ago. The outstanding performance of the world’s biggest cryptocurrency over the years sets it apart from other world’s fiat currencies including Nigeria Naira.
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BVN-Linked accounts has now reached 41.82 million out of the over 99 million adults population in Nigeria.
Nigeria’s top most crypto exchange Buycoins Africa recorded a new trading volume in May, 2020.