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Cryptocurrencies

FG releases new Regulations on Cryptocurrencies, others

The Federal Government of Nigeria has released a set of new regulations guiding the issuance, exchange and custody of digital assets in Nigeria. The Securities and Exchange Commission (SEC) released the new regulations in a statement…

GIG Logistics Introduces Crypto Wallets To Its GiGGO app

Courier and logistics services company, GIG Logistics, has launched a cryptocurrency payment gateway on its GIGGO app. The development comes as the last-mile delivery company seeks to lead and drive inclusion in areas of ecommerce…

How Facebook Dream of Launching a Cryptocurrency Died

Few years ago, reports emerged that Facebook will be launching its cryptocurrency, after several work in the past years, it appears Mark Zuckerberg dream of launching he’s own cryptocurrency as crashed. After multiple rebrands,…

President Buhari To Launch E-Naira On Monday – CBN

The Central Bank of Nigeria, CBN, has announced that President Muhammadu Buhari will officially unveil the e-Naira on Monday, October 25, 2021. mNaija recalled that the CBN had on September 30 suspended the launch of its digital…

CBN To Launch Its Digital Currency On October 1

The Central Bank of Nigeria (CBN) has finally announced that it will be launching the pilot scheme of its digital currency on October 1, 2021. The Apex bank with its stakeholders outlined its digital currency initiative via a private…

Crypto Ban: Senate Summons CBN Governor, SEC DG

The Nigerian Senate on Thursday directed the the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to appear before its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market to…

CBN Bans Banks From Cryptocurrency Business

The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions against having any transactions in crypto or facilitating…

Bitcoin (BTC) Crosses The $30,000 Mark

The year 2021 is off with a good start for Bitcoin (BTC) owners, as it has crossed the $30,000 mark. After setting a new all-time high above $20,000, Bitcoin’s bullish push continues. The new year begins on the hats of wheels for the…

SkyBridge Capital Invests $182 Million In Bitcoin

Anthony Scaramucci’s investment fund, SkyBridge Capital, has invested $182 million in Bitcoin (BTC). This purchase follows the creation of a new investment fund entirely dedicated to Bitcoin. SkyBridge Capital dedicates 2% of its funds to…

Why Is Bitcoin Price Crashing Helplessly?

The price of the bitcoin cryptocurrency suddenly dropped more than 12 per cent over the last 24 hours from a peak of $19,374 a coin on Wednesday to $16,858, according to figures from Coindesk. Fellow cryptocurrencies like ethereum and…

Bitcoin Keeps Rising, Approaches $20,000 (Exceeds ₦9m)

The world’s flagship crypto Bitcoin is rising, and it is gradually approaching $20,000. As at the time of writing this report, it has surpassed $18,500 for the first time since its all-time peak in December 2017. If you have bitcoin stored…

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