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

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Month: October 2021

South Africa Set To Ban Pension Funds From Investing on Non CBDC Crypto Assets.

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South Africa’s Minister of Finance, Enoch Godongwana has introduced a draft of legislation that provides restrictions guidelines on how pension fund member funds are invested, according to Regulation 28. The old legislation allows portfolio managers to invest up to 2.5%…

The Long-Awaited Bitcoin Trial Begins On 1st Of November

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Monday, November 1st will see the start of the trial between David Kleiman and Craig Wright. The Kleiman estate is demanding $11.4 billion along with a return of the right to intellectual property (IP) or at least its fair market…

In 10 Years CBDC Could Cause Growth In Nigeria’s GDP: President Buhari

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The President of Nigeria, Muhammadu Buhari, inferred in a recent speech that the new e-naira central bank digital currency (CBDC) could result in a surge in the price of his country’s GDP by $29 billion in ten years. President Buhari…

CBN Urge Nigerians To Be Cautious Of Fake e-naira Social Media Handles

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After the official launch of the eNaira on Monday, October 25, 2021, the notice of the Central Bank of Nigeria has been drawn towards the illicit and illegal activities of some individuals and some fraudulent Twitter handle, @enaira_cbdc processed to…

OKEx P2P Grows More Popular In Nigeria Among Youngsters

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Since the introduction of Okex P2P transaction platform, the Nigerian growing youth population has identified the benefits and are utilising the platform to make hitch free and fast transactions with Naira and also make profits as P2P merchants,  selling various…

Ethereum Breaks New All Time High In Over 140% Gain in Recent Months

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Ether, the second-largest cryptocurrency, soared to a brand new record above $4,400 Friday on bullish trend surrounding the most used blockchain network. The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May….

Fantom Retraces, Could Reach New All Time High As Fantom Developers Conference Holds In Dubai.

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Fantom appears ready to undergo an increase in profit-taking among investors, the token will try to overcome a critical hurdle as price continues.  The Proof-of-Stake network’s FTM token has recovered from the recent flash crash that affected most cryptocurrencies in the market….

Cream Finance Lose $130 Million To Hackers

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Cream Finance, an Ethereum DeFi Protocol, was exploited yesterday in a fit that allows hackers to chart away with $130 million from its pool. Peckshield a blockchain analytic company was the first to reveal when it discovered a flash loan…

Elon Musk Plans To Establish Tech Based University.

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Elon Musk,CEO of Tesla Inc and SpaceX has announced his intentions on Twitter to establish a new technology focused university. He announced that the new university will be established in Texas US and will be called, ” Texas Institute Of…

Breaking ! Facebook Rebrands Its Name to Meta

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Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which according to the social media giant, brings together the company’s apps and technologies under one new company brand. Meta’s focus will be to bring the metaverse to life and help…