Cryptocurrencies

One of the world’s largest cryptocurrency exchange platforms, Binance, has announced that Nigerians can now deposit and withdraw the Naira to and from their wallets. What this means is that Nigerian traders can now deposit and withdraw…

Binance Smart Chain was on Thursday shut down after hackers stole Binance-linked token BNB worth over $600 million. Following reports of hackers' attack on BNB, the BSC paused operations due to “irregular activities”, disrupting activity…

Mara, a pan-African company that offers an ever-expanding suite of crypto products, has announced the pre-launch of the Mara Wallet. Mara Wallet is a portal to the crypto economy focused on helping people begin their journey towards…

Almost all the Nigerian Bitcoin traders are lamenting their losses due to the continua drop in the market value of Bitcoin. Bitcoin since last year has lost 52.84 per cent of its market value, wiping off $473.34bn in market…

As the United States continue to lead in the Bitcoin mining industry, China is back in the second place as per world rankings, despite the fact that this activity was banned last year. Between September 2021 and January 2022, according…

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…

The Central African Republic has adopted Bitcoin as legal tender, becoming the second country in the world to make the move after El Salvador. Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc…

Few days before the Russian invasion, the Ukrainian government passed a law with the intention to offer legal status to cryptocurrencies, such as Bitcoin or Ethereum. The legislation was passed by a large majority of representatives. The…

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…

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,…

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…

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…

For the first time since June 22, the bitcoin rate fell below the $ 30,000 mark – the currency not only reached its minimum values ​​in a month, but also negatively affected the rates of other crypto assets. According to the…

A secondary school located in Kano State has confirmed that parents now have the option to pay their school fees of their children and wards who are students of the school using cryptocurrency. The school, New Oxford Science Academy,…

The Central Bank of Nigeria, CBN, has announced is planning to launch its digital currency before end of this year. The apex bank has also intensified efforts through awareness fair for easy access to its various intervention funds. The…

In recent times, there has been a lot of outcry with regard to cryptocurrencies. These outcries are usually from the government who believes that these digital currencies possess a risk. The Federal government has an active ban on…

Nigeria’s Securities and Exchange Commission, SEC has said it has put on hold plans to regulate cryptocurrencies in the country. “For the purpose of admittance into the SEC regulatory incubation framework, the assessment of all persons…

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…

According to a member of the Monetary Policy Committee (MPC), the Central Bank of Nigeria (CBN) has not stopped any individual from dealing in cryptocurrency. Recall that the Central Bank of Nigeria (CBN) has ordered banks in the country…

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…