FBI: Crypto Investment Fraud Climbed, 183% to $2.57 Billion In 2022.
The 2022 Internet Crime Report published by the Federal Bureau of Investigation (FBI) last week, noted that the report is compiled using data from the agency’s Internet Crime Complaint Center (IC3) which “serves as a public resource to submit reports…
Kenyans Put An Average of Sh 2000 in cryptocurrencies
Retail crypto traders in Kenya held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year, ranking at the bottom of allocation to the alternative assets ahead of Nigeria. The 2023 digital global overview report by Meltwater, an online media…
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…
Crypto Market Rate Update Saturday, 25th February, 2023: Naira to USD (USDT).
Opening prices for Saturday, 25th February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value…
Nigeria Loses $706,452 To Cyber Ransomes: Survey.
A recent survey report carried out by a global cyber security firm Sophos shows that a total of $706,452 has been paid in ransom to cybercriminals by Nigerian businesses. According to Sophos, in The State of Ransomware 2022 report, Industrial…
African Fintechs Record 39.3% Rise In Investment, Brings In $1.3 Billion.
Fintech sector in Nigeria, South Africa, Kenya and others was the most attractive to investors in 2022, receiving almost $1.5 billion in funding during the year, making up 43.4 per cent of all startup investments into the continent. The startup…
Again! Chipper Cash Lays Off Staff, Halts Crypto-Related Services.
Chipper Cash, an African cross-border payments platform carried out a second round of staff layoff last Friday barely ten weeks after it cut approximately 12.5% of its workforce, affecting its engineering team the most. The company’s V.P. of revenue shared…
Kenya Moves To Legalise Crypto.
Kenya’s Senators move to legalise various virtual monies, such as cryptocurrencies, received a major boost after the Senate resolved to develop frameworks for their operation in the country. The Senate Standing Committee on Information, Communication and Technology on Thursday, February…
Wicrypt, Nigeria Blockchain Internet Sharing Start-up And RiceAfrka Tech Wins $150k Each At Global Pitch Competition In Saudi Arabia.
Nigerian delegation, led by Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), accompanied by Director General of NITDA, Kashifu Inuwa, Executive Vice Chairman, Nigerian Communication Commission, Prof. Umar Garba Danbatta and Managing Director, Nigerian Communication Satellite, Engr. …