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Halving Dump: These are the 4 Main Reasons Why Bitcoin Dropped $10K to $8.1K 

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Bitcoin (BTC) price dropped from $10,000 to $8,100 within just 24 hours. Bitcoin price went down by 9% in a single hour. It liquidated $200 million worth of longs, destroying the futures market.

Images of China’s Central Bank Digital Currency Surfaces the Internet.

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Screenshots of the supposed online test wallet for the China’s Central Bank Digital Currency has surfaced the internet following an announcement that its use will be tested in four major cities of China.

Coronavirus COVID-19: Kenyans Can Now Process Transaction Below 1,000 KES Free for the Next 90 Days Using Safaricom’s M-Pesa.

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Following the second case of coronavirus recorded in Kenya, Safaricom, Kenya’s largest telecom and mobile money service provider M-PESA will no longer charge transaction fees for amounts below KES 1,000 ($10) for the next 90 days. According to the Press…

Nigerian Naira Now Trades N420 Per US Dollar at the Bitcoin and Cryptocurrency Market.

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There is a severe pressure on Nigeria’s foreign exchange market which has led to significant depreciation of the Naira across all the market segments, with some experts predicting a further depreciation of the Naira by June. Most cryptocurrency exchanges like…

Binance Adds Support for Nigerian Naira on Binance P2P Platform Competing With Paxful.

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Binance Cryptocurrency Exchange adds support for the Nigerian Naira (NGN) on Binance P2P (peer-to-peer) platform as part of its ongoing fiat-to-crypto expansion. This is a big competition for leading peer-to-peer platforms like Paxful. Binance recently launched Binance P2P, a peer-to-peer…

Akoin Foundation Reveals Intention to Build Akoin Cryptocurrency Using Stellar Blockchain.

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Akoin Foundation has revealed the blockchain to be used in developing Akoin Cryptocurrency. The Grammy-award winning artist and producer Akon, will be launching Akoin cryptocurrency for Africa on the Stellar blockchain network. Following a tweet from the Akoin Foundation, they…

Nigeria is Not Ready to Issue Any Cryptocurrency Regulations in the Country Anytime Soon; Says Nigeria Deposit Insurance Corporation. 

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There are indications that financial regulators of Nigeria is not ready to regulate the cryptocurrency space anytime soon in the country. Dr. Ibrahim Alley of the Research Department of the Nigeria Deposit Insurance Corporation (NDIC) has confirmed this situation in…

Federal Government of Nigeria Donates N97.3 billion to Fund Young Innovators in Blockchain Technologies and Other Technologies.

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The federal government of Nigeria has released N97.3 billion to fund young innovators who are pssionate on developing great technologies for the digital economic growth of the country.  Moreso, the Central Bank of Nigeria (CBN) has released N90billion soft loan…

Zenith Bank to Collaborate With Fintech Payment Platforms to Drive Financial Digital Banking in Nigeria.

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Zenith Bank reportedly has started partnering with Fintech companies to drive payment solutions and other financial products to its customers says Ebenezer Onyeagwu, Chief Executive Officer of Zenith Bank Plc.  The new development was disclosed by Onyeagwu during a recent…

African Digital Venture Startups Founders Can Now Apply for the eFounders Fellowship Class 9 Organized by Alibaba Business School.

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Alibaba Business School announces a new call for the application of the eFounders Fellowship Class 9. It is open to founders/co-founders of digital ventures from Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Botswana, South Africa. The eFounders Fellowship program is organized by…