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diutocoinnews Home / NEWS / Page 3
More than 93% of the total Naira in circulation is not in the Nigerian banks.
Posted inBanking NEWS

More than 93% of the total Naira in circulation is not in the Nigerian banks.

Posted by By Akachukwu Chukwuma 04/10/2024
According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87…
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Chainalysis Report: 43% of Sub-Saharan Africa Turns to Stablecoins for Remittance
Posted inCrypto Economy NEWS Stablecoins

Chainalysis Report: 43% of Sub-Saharan Africa Turns to Stablecoins for Remittance

Posted by By Eze Chichetaram 03/10/2024
Like an inverse proportion, Nigeria and Ethiopia are suffering a decrease in the value of…
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Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation 
Posted inBanking Economy NEWS

Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation 

Posted by By Eze Chichetaram 03/10/2024
The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
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Diddy Hires Sam Bankman-Fried’s Lawyer From FTX Case
Posted inNEWS Politics

Diddy Hires Sam Bankman-Fried’s Lawyer From FTX Case

Posted by By Akachukwu Chukwuma 02/10/2024
Following the New York judge’s decision to keep the music mogul, Sean “Diddy” Combs, in…
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Naira Gains 2.77% at the Foreign Exchange Market, Weakening at the Parallel Market— DiutoX
Posted inEconomy NAIRA RATE NEWS

Naira Gains 2.77% at the Foreign Exchange Market, Weakening at the Parallel Market— DiutoX

Posted by By Akachukwu Chukwuma 02/10/2024
In September 2024, the Naira showed some positive signs in the official market, but the…
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Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars
Posted inBanking Economy NEWS

Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars

Posted by By Eze Chichetaram 01/10/2024
The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
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The value of cashless transactions surges by 12% to N89.5T — NIBSS
Posted inEconomy NEWS Top News

The value of cashless transactions surges by 12% to N89.5T — NIBSS

Posted by By Akachukwu Chukwuma 01/10/2024
After a slight dip in June, the rate of electronic transactions in Nigeria bounced back,…
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The MENA Region Contributes 7.5% to Global Crypto Transaction Volume
Posted inEconomy NEWS

The MENA Region Contributes 7.5% to Global Crypto Transaction Volume

Posted by By Akachukwu Chukwuma 30/09/2024
Cryptocurrency is on the rise in the Middle East and North Africa (MENA), even though…
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Nigeria announces plans to develop an indigenous blockchain network named Nigerium
Posted inBlockchain NEWS Technology

Nigeria announces plans to develop an indigenous blockchain network named Nigerium

Posted by By Eze Chichetaram 29/09/2024
NITDA, National Information Technology Development Agency, has declared the intentions of the Nigerian government to…
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Central Bank of Ghana Cuts Interest Rate by 200 Base Points 
Posted inBanking Exchange NEWS

Central Bank of Ghana Cuts Interest Rate by 200 Base Points 

Posted by By Akachukwu Chukwuma 29/09/2024
From 29% to 27%, the Central Bank of Ghana has reduced its key interest rate…
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Morocco Turns to AI, Distributed Ledger Technology to Achieve the Digital 2030 Strategy Goal 
Posted inBlockchain Economy NEWS Technology

Morocco Turns to AI, Distributed Ledger Technology to Achieve the Digital 2030 Strategy Goal 

Posted by By Eze Chichetaram 28/09/2024
Morocco finally unveiled its “Digital 2030” strategy on the 25th of September. The strategy was…
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$2.1B Lost to Cryptocurrency Hacks in 2024
Posted inBlockchain Cyber Security NEWS

$2.1B Lost to Cryptocurrency Hacks in 2024

Posted by By Akachukwu Chukwuma 28/09/2024
The cryptocurrency space has long been vulnerable to hacks and scams, but in 2024, losses…
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Nigerian remote workers prefer to be paid in stablecoins 
Posted inCrypto NEWS Stablecoins

Nigerian remote workers prefer to be paid in stablecoins 

Posted by By Akachukwu Chukwuma 27/09/2024
Nigeria has consistently ranked high in global cryptocurrency adoption. A recent Chainalysis report confirms that…
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Ethena Labs launches new UStb stablecoin backed by BlackRock’s BUIDL
Posted inCrypto NEWS Stablecoins

Ethena Labs launches new UStb stablecoin backed by BlackRock’s BUIDL

Posted by By Eze Chichetaram 27/09/2024
On Thursday, the 26th, Ethena Labs, developer of the decentralized stablecoin protocol Ethena, revealed that…
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CoinEx Empowers CET Token with Innovative Products and Ecosystem Growth
Posted inCrypto Exchange NEWS

CoinEx Empowers CET Token with Innovative Products and Ecosystem Growth

Posted by By Tony Chimdiuto 26/09/2024
CoinEx, a top global cryptocurrency exchange, shared big improvements for its platform token, CoinEx Token…
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Base Chain to Reward 25 ETH to Base Africa Buildathon Winners
Posted inCrypto Crypto Campus Events NEWS

Base Chain to Reward 25 ETH to Base Africa Buildathon Winners

Posted by By Tony Chimdiuto 26/09/2024
Base Africa is looking to host a buildathon event for individuals developing applications to foster…
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Polymarket Discusses $50M Funding, Potential Token Launch
Posted inCrypto Fundraise NEWS Prediction Markets

Polymarket Discusses $50M Funding, Potential Token Launch

Posted by By Tony Chimdiuto 26/09/2024
The leading blockchain-based predictions market platform Polymarket is reportedly considering raising $50M in fresh funding…
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PBOC to Release $140B Stimulus Package into Circulation 
Posted inBanking Economy NEWS

PBOC to Release $140B Stimulus Package into Circulation 

Posted by By Akachukwu Chukwuma 25/09/2024
The People's Bank of China, China's central bank, has introduced a stimulus package geared towards…
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CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks
Posted inBanking Crypto NEWS

CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks

Posted by By Eze Chichetaram 25/09/2024
Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
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CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.
Posted inBanking Crypto Economy NEWS

CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.

Posted by By Tony Chimdiuto 24/09/2024
The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…
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Last Updated
Key Highlights: Bitcoin Hits $73,000 for the First Time Since June 
Key Highlights: Bitcoin Hits $73,000 for the First Time Since…
Nigeria External Reserves hits $40.2B 
Nigeria External Reserves hits $40.2B 
Nigeria is considering U.S. Diaspora Bond as CBN targets $1B monthly remittance 
Nigeria is considering U.S. Diaspora Bond as CBN targets $1B…
Nigerian equities market on bullish run as market cap hits N29B
Nigerian equities market on bullish run as market cap hits…
‘Uptober’, Tether’s USDT reaches $120B market capitalization
‘Uptober’, Tether’s USDT reaches $120B market capitalization
Tesla still owns $780M in Bitcoin despite recent transfers: Arkham Data
Tesla still owns $780M in Bitcoin despite recent transfers: Arkham…
Kraken plans to launch Ink blockchain for defi in early 2025
Kraken plans to launch Ink blockchain for defi in early…
Why charges against Gambaryan was dropped.
Why charges against Gambaryan was dropped.
SIBAN reacts to clampdown on crypto dealers
SIBAN reacts to clampdown on crypto dealers
African Development Bank Secures $421M Loan from Japan
African Development Bank Secures $421M Loan from Japan
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