Patricia, Bitcoin And Gift Card Trading Platform Suspends Withdrawal Following Security Breach.
Patricia, Gift card and crypto exchange platform, has announced that it was a victim of a security breach that compromised its bitcoin and naira assets. In the message it sent to users, it said other cryptocurrencies and customer funds were…
Blockchain + Nigeria: Exploring the Blue Ocean of Digital Economy with CoinEx in CLAP23
Africa, a continent known for its diversity, boasts a profound history and colorful culture, but it faces many challenges in economic development. Fortunately, the rapid advancement of blockchain technology has put forward feasible solutions to deep-rooted and complex problems frustrating…
Nigerian Man Scams Bitcoin Worth $382,000 From Victims Across 13 Countries: EFCC
Economic and Financial Crimes Commission (EFCC) has announced the arrest of a Nigerian man who scammed victims across 13 countries, The suspect allegedly received $382,000 worth of bitcoins from his victims before his account was blocked by his Virtual Asset…
Zambia To Conclude Crypto Regulatory Test In June.
Recently, Zambia’s innovation, science and technology minister, Felix Mutati, said the country needs digital identities and other necessary digital infrastructures before it introduces crypto, the purpose of conducting the tests was to help the government “see what would happen in…
Bitcoin, Ethereum Drops Amid Crypto Bank, Silvergate Collapse.
Bitcoin and other major cryptocurrencies dropped, sending Bitcy below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped to…
Nigeria In 5th Position Among Countries With High Interest In Crypto.
A new study from cryptocurrency betting experts cryptobetting.org showed that Nigerians have high interest in the asset class. The study also showed that Nigeria is the only African country in the top 20, with the next African country, Kenya, placing…
eNaira CBDC: Central Bank of Nigeria Introduces Voucher And USSD Features.
The Central Bank of Nigeria (CBN) has announced the development of eNaira enhanced services to address challenges faced by unbanked Nigerians. The initiative enables customers to use the unstructured supplementary service data (USSD) code *997*50# to carry out all banking…
Kenya Withdraws Financial Misconduct Case Against Flutterwave.
Kenyan authorities have dropped charges of financial misconduct and corruption against Flutterwave Inc., about seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. startups. According to a Kenyan High…
A Whopping $3.8 Billion In Crypto Lost To Scammers In 2022: Chainalysis.
Latest report shows that a record $3.8 billion worth of cryptocurrency was stolen from various services last year, with much of those thefts driven by North Korean-linked hackers, according to a report Wednesday from blockchain analytics firm Chainalysis. The increase…
Egyptian Parliament Approves Pact For North African Nation To Join BRICS Bank.
Egyptian legislators recently praised the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS ( Brazil, Russia, India, China, and…