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

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Month: October 2021

Binance Bunrs $640 Million BNB Coins As Price Rally Above $500 For The First Time Since April.

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Crypto exchange operator Binance announced that it has burned nearly 1.4 million BNB tokens (worth about $640 million at current prices) in its largest-ever burn. Burning refers to the process of permanently removing a crypto token from circulation, thereby reducing…

Bitcoin Breaks The $67k Door, In An All New Time High Run.

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The October bitcoin bull market is showing no signs of slowing down. Bitcoin, the world’s most valuable cryptocurrency, hit a new all-time high of above $67,000 on Wednesday, topping the previous record set in April. Bitcoin prices have surged 50% this month,…

Binance Allows NIN Slip For KYC Verification In Nigeria.

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Binance Nigeria has just recently announced that users in Nigeria can now complete their KYC verification using the government-issued NIN slip. Aside from the first verification process, which entailed the use of BVN before the government banned Bitcoin transactions, making…

Iran To Begin First Phase Of Its National Currency.

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The central bank of Iran is getting prepared to start the genesis stage of its digital currency, its law chairman announced to the local media representatives. The country’s financial authority is moving forward with a plan to change the law…

Why is Bitcoin Going Crazy ? Heard of Bitcoin ETF ? What Does this Mean for Investors ?

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An ETF is an investment vehicle that tracks the performance of a particular asset or group of assets. … A bitcoin ETF is one that mimics the price of the most popular digital currency in the world. This allows investors to buy…

Michael Saylor Suggests That Nigeria And Zimbabwe Use Bitcoin To Strengthen Economy

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The CEO of MicroStrategy Michael Saylor has advised that Nigeria and Zimbabwe solve their economic issues by using Bitcoin backed currencies. He indicated that with the usage of Bitcoin standard, starvation could be a thing of the past and this…

Okex Approves the Use Of USDT And USDC On the Solana network And Okex Earn Adds USDC to The Wealth Management Subscription.

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Okex has recently opened deposit and withdrawal for the stablecoins based on users’ demand. The two stablecoins USDT and USDC are now supported on the Solana network. Coupled with approval of the duo stablecoins, Okex has also opened the USDC…

Zimbabwe Prepares To Adopt Cryptocurrency, Says Finance Minister

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East African country, Zimbabwe may be deliberating over a decision that will see it adopt cryptocurrencies. According to the country’s finance minister Mthuli Ncube who has enlisted support for digital currencies, the government can no longer afford to treat the…

Did Piggyvest Lose N2 Billion To Imagine Global Solutions Limited Over 22 Billion Scam?

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An estimated N22 billion in investments have disappered as owners of Imagine Global Solutions, promoters of Imagine Lenders Microfinance have allegedly elope with investors’ funds as affected Nigerians form support groups to seek redress. Several investors in the finance scheme…

Mexican Medical Company Uses Blockchain Technology To Verify Covid-19 Test Results

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Mexico medical company (MDS) will start using blockchain technology for the verification of the originality of its coronavirus test results. This is to ensure that there is no fake information in the medical history and also to protect patients medical…