Nigerian Transportation Company GIGM Plunges Into Cryptocurrency
First-class Leading transportation and logistics company in Nigeria God is Good Motors (GIGM) is set to enter the blockchain and cryptocurrency industry. The transportation company has been in operation in Nigeria since 1998 and has built a network across the…
Cryptocurrency Market Value Races to $2 Trillion.
Ethereum gains 20% rise in price. Ethereum Upgrade “London” goes Live The Ethereum upgrade codenamed London went live today accelerating the the volume of trade resulting in 20% price increase, with Bitcoin still coasting at little over $40,000 price. With…
A Huge Crypto Milestone: German Law Allowing Financial Institutions to Hold Cryptocurrency Takes Effect Tomorrow Aug 2 .
Lessons For Nigeria Lawmakers and Financial Institution Regulators. Starting tomorrow, August 2,2021, German institutional funds can hold their assets in cryptocurrency to the tune of 20%. This is a pace setter for more mainstream adoption of cryptocurrency into subsidiary financial…
Ghana Vice President Calls on African Nations to Embrace Digital Currency.
The vice president of Ghana, Dr Mahamudu Bawumia has called on African Nations yet to embrace digital currency to adopt the emerging technology to meet up with dynamism of the present age in financial ecosystem. He made this known during…
Kenyan Farmers Use Cryptocurrency.
In what is termed Community Inclusion Currency CIC, Kenyan farmers are selling their produce, purchasing fertilisers and farming inputs with cryptocurrency designed for their community. An American economist, Will Ruddick, introduced blockchain technology for low income urban customers and has…
Central Bank Of Nigeria Set Date for The Launch Of Digital Currency eNaira.
In a private webnair press briefing held on Thursday, delivered by the head IT of the Central Bank of Nigeria, Rakiya Mohammed. The pilot scheme is expected to be launched on 1st October 2021, on Nigeria’s independent day celebration. Rakiya…
ECOWAS Urges The Member States To Embrace Cryptocurrency Under Regulatory Framework
The legislative body of the Economic Community of West African States (ECOWAS) last week urged its member states about the importance of Cryptocurrencies when adopted with acceptable regulatory laws and advised that the member states take measures to develop and…
The United Nations (UN), IMF, And The World Bank Launches A Digital Currency Challenge to Enhance World Financial Structure
The United Nations has unveiled The global CBDC Challenge for central bank digital currencies (CBDC). The CBDC challenge strives for innovative solutions to improve payment inefficiency and grow crucial financial inclusion. The Monetary Authority of Singapore, in collaboration with the…
Nigerian Based NFT Platform Qlipit Wins Africa Hero Award At The ‘Decentralized Africa’ Binance Hackathon.
Globally dominating Crypto exchange and Blockchain Ecosystem Binance has announced the winners of the African Hackathon. The winners were published on Saturday via their Twitter handle The hackathon ran throughout June 2021, the Hackathon had 20 African projects through Defi…
Nigerian Secondary School To Accept Crypto Payments Despite Central Bank Cryptocurrency Ban
In February, the Central Bank of Nigeria announced in a circular that it had banned financial institutions in the country from providing services to crypto exchanges. Though the policy warned of “severe regulatory sanctions” for any bank that failed to…