Nigeria Crypto Traders Lost Huge Sums As Impact Of USDC’s $3.3 Billion Trapped In The Collapsed Silicon Valley Bank Depegs the Stablecoin.
Stablecoin cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin deposit reserve at the collapsed lender Silicon Valley Bank, the company announced today. . The stablecoin company’s announcement comes after startup-focused SVB collapsed on Friday in…
Nigeria Crypto Arbitrage Trading Rises To 62% As Cash Crunch Worsens.
Crypto demand in Nigeria keeps rising due to its great economic instability, as well as the implications of government monetary policies and the introduction of a central bank digital currency. The Central Bank of Nigeria has been promoting a digital,…
Bitcoin, Ethereum Drops Amid Crypto Bank, Silvergate Collapse.
Bitcoin and other major cryptocurrencies dropped, sending Bitcy below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped to…
Nigerians Take Second Position In Global Crypto Leverage Trading Products Searches
In a recent survey and analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for…
Nigeria In 5th Position Among Countries With High Interest In Crypto.
A new study from cryptocurrency betting experts cryptobetting.org showed that Nigerians have high interest in the asset class. The study also showed that Nigeria is the only African country in the top 20, with the next African country, Kenya, placing…
South Africa Mandates Risk Warnings On Crypto Adverts With New Advert Regulatory Code.
South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South Africa must abide by certain advertising standards pertaining to the provision of cryptocurrency…
Keep Your Crypto Assets Secure With Trust Wallet.
While investing in cryptocurrency, you must pay close attention to wallet security to avoid crypto-thefts, hacks and attacks etc. A mistake many people make is storing their assets on exchanges because no exchange can be a secure crypto wallet. As…
When Should I Use Crypto Loans
Almost everyone has been low on cash at one point or the other or not had sufficient money to do something they wanted to do. This is why people take loans. You get money in advance and you can pay…
HRF Bitcoin Development Funds Shares $325,000 Grants To Africa Organizations, Others.
The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants of $325,000 to go out across the globe to support builders in the industry. According to the announcement sent to Bitcoin Magazine, “Areas of focus include…
Ghana Cedis Makes A Comeback As Best Performing Currency Against Dollar.
Ghana’s national currency, cedis took the title of the world’s best performer against the dollar this week amid optimism the debt distressed country is closer to achieving an International Monetary Fund bailout. The cedi has rallied 10% in the past…