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Bitcoin News in Nigeria

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SEC Nigeria Warns Individuals of Losing Funds to the Illegal Products Offered By iBSmartify 

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The Securities and Exchange Commission (SEC) on Sunday, disclaimed the activities of iBSmartify Nigeria, warning Nigerians to desist from patronizing the firm or any of its products.

Crystal Blockchain Analytics Report Suggests that the Bitcoin Activity on Dark Web Increased by 65% in Q1 2020.

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A new report from Crystal Blockchain Analytics suggests that the value of Bitcoin transferred through the dark web increased in Q1 2020.

WoToken: Another “Record-Breaking” Chinese Crypto Ponzi Scheme has Emerged

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Recent reports suggests that WoToken, another “Record-Breaking” Chinese-based crypto ponzi scheme similar to PlusToken crypto ponzi scheme has emerged

Australian Police Arrests 18-Year-Old Bitcoin (BTC) Drug Dealer. 

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Australia local law enforcement agency arrests 18-year-old drug dealer from Tasmania, Australia.  The Examiner reports that the 18 years old drug dealer was caught at the spot with a batch of drugs in his mail. He was charged with drug…

SEC Nigeria Makes a List of Ponzi Schemes Nigerians Should Avoid.

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The Securities and Exchange Commission of Nigeria alerts Nigerians to be mindful of patronising fund managers that are not registered with the commission. The capital markets regulator said its aware of the unlicensed investment schemes operating in the country, who…

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,…

The Top Incidents of Cryptocurrency Scams Recorded in Nigeria in 2019.

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The number of bitcoin users has continued to increase in Nigeria despite the Senate and CBN warnings against involving in cryptocurrency which has led to Nigerians losing millions to crypto fraud. While the number of cryptocurrency users continue to increase,…

Uganda Legislators to Clamp Down on Ponzi Schemes and Pyramid Schemes Especially that of Crypto Scams in Uganda.

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Uganda legislators is out to clamp down on ponzi schemes in the country following too many crypto scams recorded in the past, including dunamiscoin scam and other crypto scams. The uganda legistors said this after the State Minister of Finance,…

The Perpetrators of Dunamiscoin Scam to Appear in Court on Jan 22 2020 for Collecting Money from Investors in Pretense.

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Following the Dunamiscoin scam, State Prosecutors said that they have logged over 4,000 complaints against the popular crypto scam in Uganda by Dunamiscoins Resources Limited.  Just after the collapse of the downtown lollipop coin, Samson Lwanga, 37, and Mary Nabunya,…

Crypto Weekly Overview: Recent Activities shows Positive Growth in Fintech Startups in Nigeria. 

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This week’s crypto round-up shows that the Fintech Industry in Nigeria is growing on a good scale encouraging foreign investment in the country for Fintech startups. One of the laudable reports this week shows that the Fintech industry in the…