Posted inEconomy NEWS REGULATIONS
REPORT: Nigeria’s Crypto Economy Continues to Grow Despite Economic Turmoil
Nigeria remains the largest crypto economy in Africa despite the current economic situation in the…
Top 3 Crypto Portfolio Trackers in 2023
With over 20,000 cryptocurrencies now available on the markets, it may be difficult to track…
Report: Not-a-Bot—Musk Will Now Charge You an Annual Fee to Use X, Could it be in Dogecoin?
X, formerly Twitter, is testing a 'Not-a-Bot' program aimed at combating bot infiltration. New users will need to pay a $1 annual fee to post content and access other features, which would increase the cost involved in running bots. The program also aims to limit the spam and manipulative activity, with potential payments for the subscription via Dogecoin. Non-subscribers will only be provided with read-only access to the platform. The program is currently being tested in New Zealand and the Philippines.
Report: Africa-Focused Crypto Trading App Closes Operation — Co-Founder Says Only Nigerian Users Impacted.
The Africa-focused crypto trading app Vibra has reportedly closed operations in Ghana, Kenya, and Nigeria.…
Posted inNEWS REGULATIONS
DCC Urges the Nigeria Government to Regulate its Crypto Industry
The Digital Currency Coalition (DCC), a consortium of crypto asset practitioners, blockchain innovators, and founders,…
Posted inNEWS Price Analysis TRENDS
Price Action: $XRP Jumps Over 6% As SEC Moves To Dismiss Charges Against Ripple Executives.
US securities and exchange commission has moved to dismiss it’s two year long civil suit…
Posted inNEWS REGULATIONS
REGULATION: IMF Director Champions Digitalization for Financial Inclusion in Africa
IMF managing director Kristalina Georgieva says digitalization is “the most important way” to rank up…
Bitcoin ETF Approval confirmed As a Rumour. What is Next for Bitcoin?
BTC reached a 30k high for the first time in more than one month. But…
Wema Bank Invites Entries for FGN/ALAT Youth & MSME Digital Skillnovation Program
Wema Bank, a pioneer of Africa’s fully digital bank ALAT in partnership with the Federal…
CoinEx Rebounds Stronger After the $70m Hack.
In response to a recent security breach, cryptocurrency exchange CoinEx introduced a new wallet system and pledged a stronger commitment to security after hack. The breach, which took place on September 12, was linked to compromised hot wallet private keys. CoinEx ensured a 100% full compensation of affected users' funds and resumed withdrawals within nine days. Additionally, the exchange set up CoinEx Risk-Prevention Funds and enhanced communication with its users. The response has been positively received, with industry peers considering a similar approach in solving such incidents.