Cryptocurrency
Nigeria leads worldwide in Crypto ownership
Nigeria leads the world in crypto ownership, according to ConsenSys’ second annual Global Survey. The report indicated that emerging markets like Nigeria and South Africa are driving the global adoption of cryptocurrencies. The percentage of ownership is highest in the Philippines (54%), South Africa (68%), and Nigeria (73%). These countries are at the forefront of […]
Tap Swap Reportedly Blocks Nigerian Users, Sparking Outrage
Tap Swap, a widely used cryptocurrency exchange, has reportedly blocked or banned Nigerian users from accessing its platform, causing significant controversy and outrage among those affected. Numerous social media posts from frustrated users indicate that the Tap Swap website fails to load or process transactions when accessed from Nigerian internet connections. One user, @AuthorHeaven_EW, tweeted, […]
Bitcoin Hits All-Time High After Collapse Of Crypto Exchange, FTX Trading Ltd
According to CoinMarketCap, the world’s largest cryptocurrency briefly surpassed $68,800 on Tuesday, which is just above Bitcoin’s previous record set back in November 2021. Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX Trading Limited severely damaged faith in digital currencies and sent prices plunging. According […]
US Pastor Admits Stealing $1.3million In Crypto Scheme
A United States-based pastor has claimed God instructed him to steal more than $1million from his Christian community in a cryptocurrency scheme. Eli Regalado and his wife, Kaitlyn, are accused of creating and selling their cryptocurrency, known as “INDXcoin,” to Christians in their hometown of Denver, Colorado, allegedly telling potential investors that the Lord had […]
CBN lifts ban on cryptocurrency transactions
The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system. The CBN announced the reversal of the policy in a circular by Haruna Mustapha, its Director, Financial Policy and Regulation. Mustapha said that the apex bank would now provide regulations for financial […]