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

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Despite the Impact of COVID-19 on the Economy, Cryptocurrency Trading Volumes Still Increasing.

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The cryptocurrency trading volumes on most afric exchanges had recorded new all-time-high despite a severe economic contraction since the global COVID-19 pandemic. 

UEMOA Plans to Issue $1.4Billion Coronavirus Bond

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According to reports, the members of the West African monetary union UEMOA have plans to raise 846 billion CFA francs ($1.40 billion).

Crypto Friendly Economist, Prof Charles Soludo on How Nigeria and Africa Can Save the Economy During COVID-19

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“We should think African but act locally and opportunistically to survive and prosper, and exploit the global opportunities offered by the crises.” — Dr. Charles Chukwuma Soludo

Cryptopreneur, Gaius Chibueze Donates 3 Million in Naira to Fight COVID-19 Outbreak.

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Many individuals and banks have made donations to financially support individuals during this period of health and financial crisis in the country. Gaius Chibueze, the CEO of AbitNetwork, a blockchain-based application company announced the donation of 3 Million Naira to…

World Health Organization Launches MiPasa, a Blockchain Powered Platform to Fight COVID-19.

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World Health Organization Launches MiPasa, a Blockchain Powered Platform to Fight COVID-19. MiPasa Blockchain Platform. Today, World Health Organization (WHO) joined hands with major blockchain and tech companies to create a distributed ledger technology (DLT) based platform for recording and…

The African Development Bank Launches Record Breaking $3Billion Social Bond to Fight COVID-19 in Africa. 

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Recording Breaking: The African Development Bank (AAA) announced the raise of an exceptional $3 billion in a three-year bond to alleviate the negative economic and social impact of Covid-19 pandemic on livelihoods and Africa’s economies.  The three-year social bond attracted…

BREAKING: Federal Government Alerts Nigerians on Coronavirus Ransomeware. Demanding Bitcoin as a Ransome. 

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Just in, the Federal Government alerts Nigerians on the existence of an Android-based malicious and fraudulent Coronavirus Ransomware Application.  This coronavirus ransomware app according to the federal government claims to provide updates on the virus and infections near it’s victim,…

Coronavirus COVID-19: Kenyans Can Now Process Transaction Below 1,000 KES Free for the Next 90 Days Using Safaricom’s M-Pesa.

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Following the second case of coronavirus recorded in Kenya, Safaricom, Kenya’s largest telecom and mobile money service provider M-PESA will no longer charge transaction fees for amounts below KES 1,000 ($10) for the next 90 days. According to the Press…

The President of Kenya, Uhuru Kenyatta Encouraging Kenyans to Use Digital Money After Recording the Second Case of Coronavirus.

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The President of Keya, Uhuru Kenyatta confirms two extra cases of the deadly coronavirus in Kenya. In his address to Kenyans on Sunday, he said that two extra cases of coronavirus has been recorded in Kenya. Also there is an…

Central Bank of Nigeria Moves to Sanction Bad Actors Trying to Devalue Naira at Various Markets; a Call for Cryptocurrency Exchange Operators.

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The Central Bank of Nigeria (CBN) moves to arrest Bureau De Change (BDC) operators over various  violations in the foreign exchange market. Over 100 BDC operators were fined N5 million each for various violations in the foreign exchange market. The…