News
Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.
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Nigeria News
Nigeria is seventh most populous country, and most populous in Africa. Nigeria also has the largest economy in Africa, with more than $500 billion of nominal gross domestic product. The Word Bank considers Nigeria to be an emerging market and is widely seen as a perspective economy. Still, it ranks 152nd in the Human Development Index and has a large variety of problems regarding the lack of education, organized crime and human rights. Bitcoin is legal in Nigeria, but the Nigerian SEC, or Securities and Exchange Commission, warned citizens about cryptocurrency investments being risky and sometimes even fraudulent. However, the Nigeria Deposit Insurance Corporation and the Central Bank of Nigeria have plans to adopt cryptocurrency technology and have several sub-committees working on implementing blockchain into governmental insurance and financial services.
- News
The U.S. Treasury added six Nigerian individuals to its sanctions list for alleged cybercrimes.
5652 - News
Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful.
5787 - News
Crypto adoption appears to be growing across the continent of Africa.
15182 - News
According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world.
4532 - News
Social payments application Bundle launched its service in Nigeria after incubation by leading cryptocurrency exchange Binance.
4606 - News
Nigeria, Africa’s largest economy and largest source of Bitcoin trading volume on the continent, has welcomed its first Bitcoin ATM.
21254 - Interview
MakerDAO’s Gustav Arentoft talks decentralization and regional expansion in a new interview with Cointelegraph.
2020 - News
After launching Nigerian Naira deposits in October 2019, Binance adds support of NGN as its first African currency for P2P trading.
9415 - Opinion
Africa is the fastest-growing mobile market and it could possibly make this continent the world’s biggest payment systems based on blockchain tech and unbanked industry.
4639 - New Year Special
Data clearly suggests a link between Bitcoin’s price volatility and global Google searches for the top crypto.
10014 - Explained
Many African consumers are fed up with the status quo of local currencies and existing payment platforms — and believe crypto could be the answer.
10 - News
Nigeria-based Satowallet has allegedly performed a $1 million exit scam as users have been unable to access their crypto since April.
6594 - News
Keith Mali Chung — co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin mistakenly sent to his wallet.
10467 - Analysis
Blockchain technology is finding real-world utility across Africa via public-private partnership agreements in solving some of the continent’s burning issues.
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