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

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Month: February 2021

Former Senator of Nigeria, Shehu Sani Bets on Crypto Replacing Traditional Banks

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Shehu Sani, a former senator who represented Kaduna Central senatorial district in the National assembly took to his Twitter to share his opinion about cryptocurrencies. He argues that in months to come crypto would take over the future of financial…

MicroStrategy Acquires Additional 19,452 Bitcoins for $1.026 Billion

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In its latest buying round, the business intelligence firm has acquired additional 19,452 Bitcoins valued at about $1.026 billion. The 19,452 Bitcoin was bought for approximately  $52,765 per Bitcoin. MicroStrategy has accumulated over 90,531 Bitcoin at press time. With the…

Kuda Bank Hits 1 Million Android App Downloads

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Kuda bank is the first  African digital bank Created by Nigeria, it is celebrating a milestone that its android app has as of 20th Feb recorded over a million downloads of the app. It took to its official Twitter handle…

Nigeria Tops Statista Chart on Countries with the Most Cryptocurrency Owners and Users 

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Nigeria as Giant Of Africa is quickly aiming to claim a new title “Giant of Crypto”. In 2020, Nigeria became the world’s second-largest Bitcoin market after the United States. It also registered over 10,000 New Students in the Crypto Ecosystem….

Dan Holding is Set to officially Launch its P2P Platform Localcoinex

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P2p is the new trading strategy for Africans and Nigerians following the Ban on cryptocurrencies by the Central bank of Nigeria. The ban has increased the awareness and adoption of Bitcoin and cryptocurrencies in general. Localcoinex, a p2p Exchange built-in…

CBN Crypto Regulations: A Crypto Trader Claims GTBank Threatened to Arrest him.

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Crypto Trader on Twitter claims that Guarantee Trust Bank has threatened to arrest him after blocking his bank account. @Maxdiwailee on Twitter has claimed that he was threatened by GTBank for mainly trading cryptocurrencies, according to him, GTBank claimed that…

NGNT Stablecoin Launches on Binance Smart Chain Following the Nigerian Central Bank Crypto Ban

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In a quick bid to ensure continued operations, BuyCoins, a popular Nigerian cryptocurrency exchange, has moved to fully endorse the Naira Token (NGNT) stablecoin. NGNT is backed by USDC and BUSD which are leading global digital dollar stable coins. The…

Twitter CEO and Rapper Jay-Z Set Up a 500 Bitcoins Endowment Fund (₿trust) Focused on Africa and India

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Multimillionaire Rapper Jay-Z has teamed up with Twitter CEO, Jack Dorsey,  a bitcoin and decentralization advocate to give 500 bitcoins to a new endowment fund, labeled B trust, to fund Bitcoin development, with its focus on teams in Africa and…

We have engaged with the CBN and agreed to work together to further analyze Crypto securities Says SEC Nigeria

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SEC PRESS RELEASE:  “We have engaged with the CBN and agreed to work together to further analyze Crypto securities” The Securities and Exchange Commission of Nigeria (SEC Nigeria) has put out a Press release to calm all opinions concerning the…

Senate Nigeria Summons CBN Concerning the Recent Regulations On Cryptocurrency, Bitcoin

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The Senate has issued a mandate to CBN to appear at the Senate House concerning its recent strict regulations on cryptocurrency operators in the country.  Senate mandated its Committees on Banking, Insurance and other Financial Institution, ICT and Cybercrimes and…