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

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Month: December 2018

CBN Governor Of Nigeria, Emefiele Talks About Cryptocurrency Regulations In Nigeria.

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Emefiele’s warning is coming on the heels of increasing transactions in cryptocurrencies in Nigeria. Data from LocalBitcoins, a Bitcoin start-up company, showed that Nigeria came second in the world’s peer-to-peer (P2P) Bitcoin transactions last year outpacing major European countries, the…

Cryptocurrency Trade Will Boost The Nigeria Economy Says Experts.

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Cryptocurrency, the digital currency that uses cryptography to validate and secure transactions, is seen as the surest way to enhance trade and commerce in Nigeria, Africa and beyond, according experts views during a cryptocurrency forum organized by Luno in Lagos…

ECOWAS Gives Update On A Unified Single Currency For The Region

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Chairman of the ECOWAS Council of Ministers, Mr Geoffrey Onyeama says achieving the ECOWAS Single Currency by 2020 will be a challenge. Onyeama said this while responding to questions from newsmen at the end of the 54th Ordinary Session of…

Akwa Ibom: Ibom Airline The First State Owned Airline To Launch With Blockchain Technology

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Diutocoinnews reports that Akwa Ibom state is launching the first state owned airline with three modern aircraft. The fuel efficient CRJ900 series each of which can seat 78 to 90 passengers. The aircrafts will be arriving Nigeria on or before…

VCTrade of SBI Holdings Japan To Cub Money Laundering In Cryptocurrency Using Designated Wallets.

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The exchange which was launched in July is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained in a Press Release that cryptocurrency withdrawals will not be available until late January 2019, and…

Whatsapp Social Media To Launch A Unified Global Single Currency For Her Platform.

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As per the news gathered from Tekedia written by Ekekwe Ndubisi This is a game changer; it implements that agnostic special single currency for Africa at global level. By developing a proprietary stablecoin with local flavors, Facebook will mirror local…

Vostok Project, A Part Of Waves Platform Ecosystem Secures $120 Million From Private And Institutional Investors.

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The Vostok project, a part of Waves ecosystem focused on implementation of Waves technologies in enterprise and government IT-systems, has secured a USD120 million funding round from private and institutional investors. As per the news update from Waves Blog Waves…

International Monetary Funds Economists Antoine and Vikram on Cryptocurrencies and Digital Economies.

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Antoine Bouveret and Vikram Haksar Economists and part of the Policy Strategy and Review Department of International Monetary Fund (IMF) on Cryptocurrencies and Digital Economies. Despite the hype, cryptocurrencies still don’t fulfill the basic functions of money as a store…

Pan African AI company, UTU, secures DEEPCORE’s participation in Seed Round led by æternity Ventures

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Nairobi Kenya, December 20, 2018: UTU Technologies Limited (http://utu.io) announces an investment from DEEPCORE TOKYO I Investment Limited Partnership (“DCT-1”), managed by DEEPCORE Inc. (“DEEPCORE”), a Tokyo based incubator and VC focused on advancing artificial intelligence. DCT-1 joins UTU’s previously…

University Of Nigeria Nsukka. Yuletide Security Update.

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Security of the University Staff are paramount during the Yuletide period as well as that of the students staying at the school premises during this period. It’s a common phenomenon that it’s usually during this time that most Cyber Criminals…