The central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations
A recent report has that the Central African Republic is seeking the assistance of the regional central bank in the drafting of the crypto regulations of the country. Following some misunderstanding between the Central African Republic (CAR) and the Bank…
Nigeria Policeman’s Son Escapes With Lady’s Benz, $700 Bitcoin.
A Lagos-based 28-year-old man, Damilola Areje, has allegedly absconded with a 2019 Mercedes Benz GLE 43, worth N52 million, and $700 worth of Bitcoin belonging to a 32-year-old businesswoman, Nneka Chiemelu, who is into real estate and construction. According to…
KuCoin Crypto Exchange Debuts USDT-dominated NFT ETF: hiPUNKS Lists on Aug 4
KuCoin’s new investment product USDT-dominated NFT ETF, aims to increase the liquidity of and access to leading nonfungible token collections through Fractionalized NFTs. These fractionalized nfts targeted by KuCoin includes; hiBAYC (BAYC). hiPUNKS (cryptopunks). hiKODA (Koda nfts). hiSAND33 (sand33). hiENS4…
Crypto P2P Trading In Nigeria Driving Naira Value Down: CBN Laments
Nigerians stockpiling cryptocurrencies, especially stablecoins to shield assets against a weakening naira have contributed to a slump in the fiat currency to a record low in the unauthorized market, report claims. The naira weakened to 670 per dollar on Wednesday…
Nigeria’s EFCC Raids Forex Traders Over Naira Depreciation.
The Nigeria’s Economic and Financial Crimes Commission, (EFCC), yesterday raided Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, in a covert operation to stop currency hoarders and speculators who are alleged to…
Central African Republic Token (Sango Coin) Sale Records Low Turnover.
The Central African Republic’s token sale seems to have recorded a poor start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25. Just Over $1.2 Million…
A Common Africa Digital Currency: A Possibility For Economic Growth.
Interests are growing on the need for a harmonized digital currency to boost transborder transactions and remittance among Africans. With the blockchain technology available for optimum creation of digital currency, time is ripe to have a common Africa Digital Currency,…
Create Videos, Upload and Earn FVT on the FavorTube SocialFi Platform.
FavorTube SocialFi is a fully decentralised create-to-earn video content creation platform for vloggers on the web3 created by FavorLabs. What is FavorTube: FavorTube is the first fully decentralized Web 3 platform that connects content creators, fans and users directly. Subscribers…
Flutterwave Appoints Ex-Goldman Sachs Director as new CTO
Flutterwave, Africa’s leading payments technology company, has announced the appointment of Gurbhej Dhillon, a former Goldman Sachs director, as its new Chief Technical Officer (CTO). Dhillon was Managing Director, Technology Fellow, CTO, and Head of Lending Engineering for Marcus, Goldman…
Nigeria’s Play-to-Earn Gaming Adoption Rate Hits 16.9% in 2022: See Top 10 Countries in GameFi Adoption.
Play-to-earn (P2E) gaming or GameFi adoption rate in Nigeria hits 16.9% this year, according to Finder’s NFT Gaming Adoption Report. Finder.com polled 43,312 people across 26 countries to reveal that over 16% of Nigerian internet users have used GameFi and…