DiutoCoinNews

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

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Month: August 2021

Central Bank of Nigeria Collaborates With Int’l Fintech Company Bitt Inc For eNaira.

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The Central Bank of Nigeria (CBN) has revealed that Bitt Inc., an international fintech firm, will play the role of a Technical Partner for its digital currency, eNaira, which would be launched for usage later in the year. The report…

Nigerian-Based Exchange Quidax Rolls Out Polygon Integration

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Nigeria-based crypto exchange, Quidax has emerged with a Polygon blockchain integration, marking the first cross-border partnership in Africa in relation to Polygon. The Polygon integration will enable Quidax users to access a wide variety of projects built on the former’s…

Governor Of South African Apex Bank Argues that ‘Crypto Not A Currency’

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Governor of South Africa’s Reserve Bank (SARB), Lesetja Kganyago has revealed his stance on cryptocurrencies, adding to the myriad of critical comments about them. He argued that they are not currencies given that their features fall short of the requirements…

Bilaxy Crypto Exchange Hacked, Users Urged Not To Deposit As Hacker Took Control Of ERC20 Wallet.

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Bilaxy, a Seychelles-based crypto exchange, announced on Sunday that its ERC20 hot wallet has been hacked, resulting in a heavy loss. Though the exchange is lesser-known one, the hack could be one of the largest seen in the industry. The exchange…

Central Bank Of Nigeria to Launch E-Wallet, Nigerian Banks, Others To Follow Soon.

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The Central Bank of Nigeria announced that eNaira cryptocurrency will launch on a digital wallet called Speed wallet This according to the Central Bank will enable the apex banking regulatory body to meet it’s October 1st timeline. The wallet is…

Central Bank Of Nigeria Designs Strategies To Nigerian Banks On e-Naira

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The Central bank of Nigeria has recently sent a presentation to Nigerian banks on the development of the e-Naira project, The presentation covered a detailed explanation of how the eNaira would be constructed, administered and its operational module. According to…

Nigerians in Diaspora Now Remits Fund Through Cryptocurrency As Official Remittance Falls by $6 Billion.

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Are Nigerians and in diaspora using cryptocurrencies to bypass a struggling naira when they send money home to support family or start an investment? Do Nigerian Central Bank seems to think so ? Is that the reason for launching an…

NFT

Okex $10 Million Metaverse Development Initiative To Hasten Metaverse and Gamefi Projects On Okexchain.

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Out of the growing sectors in the NFT market, Metaverse Virtual Reality and GameFi projects are attracting a growing number of users as the concrete satisfaction provided by these services continue to attract diverse segments of the population.  Game Defi…

Will Africa Play A Significant Role In Cardano’s Growth?

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Cardano (ADA) has been on a rising beam in the last few weeks, creating a new all-time high and almost leaping beyond the $3 price mark. The catalyst driving the growth of the third-largest cryptocurrency is the scheduled Alonzo upgrade…

15% of South African Adults Own Cryptocurrency, Finder Survey Reveals

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Last year, a report emerged from Chainalysis, an on-chain analytics firm that crypto adoption was spreading through Africa. The report also noted that Africa had the smallest crypto economy among all the regions surveyed. As of time the report was…