Following the removal of restrictions on banks operating accounts for virtual assets such as cryptocurrencies, the Central Bank of Nigeria has instructed financial institutions in the country not to allow holders of crypto bank accounts to withdraw cash or issue a third-party cheque. In a guideline published by the apex bank, issuance of third party
The Possible Magic of Dollar and Naira with Bitcoin by Politicians
Nigerians are becoming more aware and increasingly interested in what’s happening in the central government. The current FOREX magic you’re seeing is a calculated strategy by the government to provide temporary relief. Read what a popular Bitcoin dealer known as @BitcoinChief wrote few days ago about what’s currently happening in Nigeria… Nigerian Politicians heavily
Fidelity Opens Wait List For COmmision-Free Bitcoin Trading
Financial services behemoth Fidelity investments has opened access to a wait list for its bitcoin trading offering, according to its website. Users can express interest in the product, offered by its subsidiary Fidelity Digital Assets, by signing up on the firm’s web page. The product will waive commission fees, an attempt to compete with popular
Central African Republic adopts Bitcoin as legal tender
The Central African Republic (CAN) has adopted Bitcoin as legal tender, making it the first country in Africa to do so and the second globally after El-Salvador. This was contained in a statement released on Wednesday by Obed Namsio, chief of staff to President Faustin Archange Touadera. Namsio confirmed that the president had signed a bill into
Hackers Demand $70M After Kaseya Ransomware Attack
Hackers were on Monday demanding $70 million in bitcoin in exchange for data stolen during an attack on a US IT company that has shuttered hundreds of Swedish supermarkets. Researchers believe more than 1,000 companies could have been affected by the attack on Miami-based firm Kaseya, which provides IT services to some 40,000 businesses around
CBN: Nigerians are free to use bitcoin, others
The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country. The Governor of the bank, Godwin Emefiele, disclosed this in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank. Emefiele, who was represented by Adamu Lamtek, Deputy Governor,
Feminist Coalition Reacts To Allegation Of Misappropriation Of EndSARS Donations
Feminist Coalition has reacted to allegations of ‘secretly’ transferring $51,000 (N23m) worth of bitcoin from donations received during #EndSARS protest that rocked Nigeria last October, into another wallet. Since the earlier hours of today, the not-for-profit organisation has been trending on Twitter following the allegations, with many calling them out to provide an explanation. Reacting
Elon Musk’s clubhouse statements push Bitcoin up
A jump in the price of Bitcoin sparked last week by Elon Musk’s Twitter profile had largely unwound by Monday. The cryptocurrency surged as much as 16% Friday, touching $38,627, after Musk changed his Twitter profile to “#bitcoin.” While the reference was still visible Monday, Bitcoin was back at around $33,600 as of 2 p.m. in Tokyo.
Official Bitcoin warning issued as the currency rockets in value – how to buy it safely
Buying Bitcoin at the right time has turned people into millionaires – but as the cryptocurrency soars in value yet again it’s also attracted and awful lot of criminals keen to use it to rip people off – here’s how to make sure you’re buying the real thing. But such stellar performance has also
Break the chains with FXtrading Corporation
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