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

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Tanzania Finance Officials Call For Clear Global Concensus on CBDC

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Tanzania’s finance officials have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets before final decisions are made by its government and world bodies. Interoperability of CBDCs Earlier before now, Tanzanian President Samia Suluhu Hassan…

Nigerians Diversify Traditional Assets into Cryptocurrencies To Counter Rising Fiat Inflation, Says Report

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Nigerians Diversify Traditional Assets into Cryptocurrencies To Counter Rising Fiat Inflation, Says Report Latest research reveals a staggering growth in crypto adoption across Nigeria, pivoted by limited access to affordable fiat-based financial services in Africa.  KuCoin’s “Into the Cryptoverse Report”…

Nigeria P2P Crypto Transactions Records 16% Growth

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Nigeria’s peer-to-peer transactions on p2p crypto exchanges increased by 16% annually despite CBN clamp down on crypto. Nigeria’s P2P volumes on two major P2P platforms (Paxful and Localbitcoins) currently stand at $400 million, followed by Kenya with more than $160…

India Legalises And Taxes Crypto and NFTs Sets To Launch Digital Rupees

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India took a bold step today towards adopting cryptocurrencies after years of deliberations, as the south Asian country with big population of crypto traders announced moves to legalise digital assests with a proposal to place 30% tax on cryptos and…

Texas Senator Introduce Legislation To Rectify Accented Bill

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Senator Ted Cruz of the U.S. Congress has submitted a bill to revoke the $1 trillion infrastructure crypto provision section, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal…

Regulatory Framework For Crypto Lacking In Botswana

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The Bank of Botswana (BOB) has stated that the country is not furnished with a specific legal or regulatory framework for crypto assets. The bank does, however, warn citizens investing in cryptocurrencies that there would be no legal ground for…

The Government Of China Blocks Coingecko And Coinmarketcap Through China’s Internet Firewall

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The two most popular Crypto market data providing companies have been blocked by the government of China from providing market analysis to the citizens following the recent ban from China for the 100th time. The Chinese government evaluated the access…

Crypto To The Rescue: Cryptocurrency Donations Help Fight Starvation In Yemen

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Middle Eastern country Yemen has been overrun by a civil war since 2014 leaving 16 million people including 400,000 children under the age of five in starvation and lack of other supplies. However, crypto donations are already being used to…

Nigerian Transportation Company GIGM Plunges Into Cryptocurrency

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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.

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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…