Patricia, Bitcoin And Gift Card Trading Platform Suspends Withdrawal Following Security Breach.
Patricia, Gift card and crypto exchange platform, has announced that it was a victim of a security breach that compromised its bitcoin and naira assets. In the message it sent to users, it said other cryptocurrencies and customer funds were…
South Africa Plans To Get Crypto Firms In The Country To Apply For License.
Cryptocurrency companies interested in doing business in South Africa will need to apply for a license from the country’s Financial Sector Conduct Authority (FSCA) in the six months starting June 1. While South African crypto companies have welcomed the new…
OKX Wallet Enables BRC-20 Trading on its Ordinals Marketplace, Launches Bitcoin Cross-Chain Swap.
OKX Wallet has announced that BRC-20 trading is now live on its Ordinals Marketplace, making it the first and only multi-chain wallet to support the trading of BRC-20 tokens on mobile. Support for BRC-20 token trading on the web version…
Hotbit Crypto Exchange Stops Operation, Asks Users To Withdraw Funds, As Users Complain Of Inability To Withdraw.
Crypto exchange trading platform Hotbit has announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC. In a message sent out to the public,…
Ripple (XRP) Builds CBDC Platform For Govt and Financial Institutions.
Payment network Ripple is set to launch a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Using Ripple’s platform, government institutions can manage and customize the entire life…
Zimbabwe Central Bank Sells Millions Of Gold Backed Crypto Tokens Despite IMF Caution.
The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwean dollars’ worth of gold-backed digital tokens, worth around $39 million, despite a warning from the International Monetary Fund. The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a…
Former Paxful CEO Distances Self From The Platform As He ” Can’t Vouch For Anything Happening There”.
Bitcoin peer to peer P2P platform’s former CEO, Ray Youssef has again pointed out to the users of the peer-to-peer platform on May 9 that he left the company weeks ago and as such he cannot “vouch in any way…
Nigeria Foremost P2P Bitcoin Exchange, Paxful Resumes Operation After Closing Down, A Month Ago.
Closed Peer-to-peer (P2P) bitcoin exchange Paxful has resumed operations after being shut down for over a month, the company said in a blog post. “After a month away, we’re happy to announce that the Paxful marketplace is back online,” the…
Nigeria Proposes Plans To Regulate Crypto and Other Digital Assets Platforms.
Nigeria, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering new regulations that would allow licensed digital exchanges to list tokens backed by certain assets. Abdulkadir Abbas, the head of securities…
Nigeria Leads Africa In Global Top 10 Countries With Meme Coin Interest At 5th Position.
According to the latest research by coingecko identifying top countries leading the craze for meme coins in 2023, shows that among the top 10 countries only two African countries featured, with Nigeria leading at 5th position, while Morocco stood at…