DiutoCoinNews

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

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Central Africa Republic Crypto Hub Won’t Receive World Bank Support.

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The World Bank has expressed its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency noting that it won’t back the newly announced “Sango” crypto hub. At the end of April, CAR president Faustin-Archange Touadéra…

Kenya Leads In Crypto Trade In East Africa.

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Finder’s 2022 Cryptocurrency Adoption Index ranks Kenya 12th for cryptocurrency ownership out of 27 countries surveyed globally. Cryptocurrency ownership in Kenya is however behind countries like Nigeria (21%) and Ghana (17%). Also Read: Nigerian And Kenyan Politicians In Bitcoin Money Laundering Saga….

NFT Dominance Continues As GameStop Shares Soar Following NFT/ Crypto Interest Announcement.

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GameStop, GameStop, the world’s largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems and consoles rose more than 22% in extended trading Thursday after the giant game retailer announced plans to create a marketplace for non-fungible tokens (NFTs)….

Bitcoin Back To $50k, Recovery In The Bags ?

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Bitcoin has recovered most of its losses in the past bearish week and rose back above $50,000 on Sunday. The rebound followed two days after the S&P 500 closed Friday at a level close to its all-time high level, but pundits…

Coinbase Buys BRD Crypto Wallet Sending The Firm Token To Over 800% Price Increase.

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Crypto wallet fintech startup BRD has been acquired by Coinbase, according to a BRD blog post Wednesday (Nov. 24),this the co-founders Adam Traidman and Aaron Voisine say will accelerate the company’s decentralization goals. The post notes that nothing will change in the…

Apple CEO, Tim Cook Says He Is A Crypto Investor.

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Tim Cook, Apple’s chief executive, said at the DealBook Online Summit on Tuesday that he has bought cryptocurrencies. “I think it’s reasonable to own it as part of a diversified portfolio,” Mr. Cook told DealBook’s Andrew Ross Sorkin, quickly adding that he…

Lagos Art Fair Partenrs With an Ethereum Digital Marketplace As NFT Adoption Grows Among African Artists.

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The growing influence of NFTs took centre stage at the four-day, annual Art X Lagos, West Africa’s premier international art fair that ended on Sunday. One of the leading artist at the fair, Nigerian artist Abdulrahman Yusuf used to sell…

Meta, Formerly Facebook Plans To Open Metaverse Retail Stores Across The Globe.

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Meta, the social media company formerly known as Facebook, plans to open retail stores that will eventually reach all parts of the world, said people with knowledge of the project and company documents. The stores would be used to introduce…

There Is No Law Against Crypto In Nigeria: Court Rules. Unfreezes CBN Blocked Accounts Over Crypto Trading.

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CBN Circular is Not Law. A Federal High Court sitting in Abuja has vacated an interim order through which the Central Bank of Nigeria (CBN) froze the bank accounts in two banks of a firm that traded in cryptocurrency according…

Crypto For Mental Health: “Mean Men” NFT To Raise Fund For NGO

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“Mean Men,” a collection of 11,111 NFTs that aim to promote mental health and self-love, is set to be released for minting on October 18. Three more NFT launches can also be expected by those interested to be a holder…