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Bitcoin News in Nigeria

CRYPTOCURRENCY NEWS

Luno Records an Increase in User Signups Ahead of Bitcoin Halving.

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Today, Luno records a new increase in signups following a drop in system performance limiting users from processing some needed trading operations within the system.

10 Ethereum Addresses Hold 17% of the Total Supply of Ethereum in Circulation.

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Only 10 Ethereum Addresses Hold 17% of the Total Supply of Ethereum in Circulation.

Paxful Partners with Chainanalysis to Integrate Suspicious Transaction Monitoring Solutions.

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The popular peer-to-peer cryptocurrency trading house in Africa, Paxful has partnered with Chainanalysis to control suspicious transaction, fighting too many scam cases recorded at Paxful.  Chainanalysis will be implementing two security measures utilizing it’s security service. The primary security measure is…

MoneyGram Confirms it has Sold Out $11.3 Million Worth of XRP From Ripple in Remittance Payments.

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MoneyGram confirms it has sold out $11.3 million worth of the cryptocurrency XRP which it received from Ripple as part of it’s commercial agreement with the payments processor.  According to the SEC Filing, MoneyGram says it received XRP from Ripple…

The New Policy Set by the Central Bank of Nigeria to Support the Economy Amidst the Coronavirus Outbreak Does Not Support Digital Money

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Following the increased spread of coronavirus, many countries are putting up various economic strategies to help protect the economic activity of its country for the good of its citizens and financial stability of the country.  This new policy comes ahead…

Central Bank of Nigeria Moves to Sanction Bad Actors Trying to Devalue Naira at Various Markets; a Call for Cryptocurrency Exchange Operators.

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The Central Bank of Nigeria (CBN) moves to arrest Bureau De Change (BDC) operators over various  violations in the foreign exchange market. Over 100 BDC operators were fined N5 million each for various violations in the foreign exchange market. The…

Coronavirus COVID 19: Nigerian Naira (NGN) Trades 380 per US dollars on the Crypto Market.

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Coronavirus COVID 19: Nigerian Naira (NGN) Trades 380 per US dollars on the Crypto Market Following the Naira Crash on Crude Oil Market. The value of Nigerian Naira crashes more at the foreign exchange market because of the massive crash…

Nigeria Security Exchange Commission Calls For an Emergency Meeting to Maintain the Naira Value at Various Markets Including the Crypto Market.

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Acting Director-General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk calls for an emergency meeting to safe the country’s economy against the consequenses following the fall in the value of naira and increasing spread of coronavirus disease. Uduk…

Announcing Campus Blockchain Awareness Tour — Campusbact 2020.

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Campus BCAT is a university-wide education program aimed at teaching and exposing students on the facts and misconception of blockchain technology and show them the possible career paths that can be followed in the industry. Over the years, there has…

Amidst the Growing Number of Cryptocurrency Users in Nigeria, Cashless Policy from the Central Bank of Nigeria Starts From 1st April 2020.

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According to the Central Bank of Nigeria (CBN), the cashless policy guidelines will take effect starting from 1st of April, 2020.  As regards to this development, most commercial banks like GTBank and other banks in the country have started sending…