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Bitcoin

20

Hamster kombat faces community backlash

The digital coin Hamster Kombat has finally been added to the list. It’s worth about $0.008 right now. Did Nigerians get what they wanted? Should you bet on whether Hamster Kombat will go up or down? Will season 2 be better? Let’s see what happens. At the same time, Telegram-based “tap-to-earn” crypto games like Hamster […]

Modupeoluwa Olalere
20

Mybitstore launches in Nigeria, simplifying Bitcoin trading

In a big step forward for the country’s Bitcoin trading ecosystem, Mybitstore, a top cryptocurrency exchange app, is happy to announce its expansion into Nigeria. In one of Africa’s most dynamic markets, this strategic move shows that Mybitstore is dedicated to offering safe, smooth, and effective cryptocurrency dealing options. Because of the growing interest in […]

Modupeoluwa Olalere
16

Nigeria denies $10 billion Binance fine

The Special Adviser to Nigerian President Bola Ahmed Tinubu on information and strategy, Mr Bayo Onanuga, has clarified statements regarding a purported $10 billion fine on the crypto exchange platform, Binance.  Reports circulating, particularly by the BBC on Friday, suggested that Binance faced a hefty penalty, but Onanuga insists that his words were misrepresented. He […]

Ibukunoluwa Josephine Bankole
16

Crypto adoption and regulation will promote innovation- Expert

John Gospel is a crypto expert, copywriter and social media manager for brands in Blockchain and Web3. He also has a track record of building online communities from zero to thousands in months while working as a Growth Marketing Strategist for Communities & Start-ups. He shares his insights on Nigeria’s path to responsible crypto adoption, […]

Ibukunoluwa Josephine Bankole
11

The Nigerian Cryptocurrency Market: Challenges and Opportunities

Nigeria’s cryptocurrency market is very vibrant and complicated. Nigeria as a global leader in Bitcoin trading, has also reflected a lack of confidence in the established system and a need for alternate revenue streams and forms of money. This was evident as the Nigerian government outlawed cryptocurrency trading and ordered banks to suspend any accounts […]

Staff Writer
16

Bitcoin (BTC) sees volatility amid ETF speculation, drops to $45,000

Bitcoin’s (BTC) price experienced a dip from $46,713 to around $45,000 on January 8 as excitement around the potential approval of exchange-traded funds (ETFs) injected fresh volatility. The cryptocurrency displayed close to a 3% daily gain, with traders increasing open interest in what was described as a speculative move. The buzz around ETF approval, particularly […]

Ibukunoluwa Josephine Bankole
16

FG plans cNGN Stablecoin in Nigeria

In a strategic leap forward, the Nigerian government has unveiled plans to roll out the cNGN stablecoin on February 27, 2024. Backed by the Central Bank of Nigeria (CBN), this digital currency is aimed at bringing stability to the unpredictable naira, currently grappling with the unenviable title of Africa’s weakest currency and the third weakest […]

Ibukunoluwa Josephine Bankole
20

African Web3 Startup HoneyCoin Joins MYKOBO in Europe

HoneyCoin, a Kenyan Web3 super app that works across borders, has teamed up with MYKOBO to make it easier to enter the European market. The goal of this relationship is to make it easy for people in all 27 European Union (EU) Member States to deposit, withdraw, and send digital Euros to more than 140 […]

Modupeoluwa Olalere
20

Yellow Card, Web3Ladies’ offer blockchain training to Nigerian women

The Pan-African cryptocurrency exchange and financial technology business Yellow Card has partnered with the Web3Ladies mentorship program to give over 500 Nigerian women the necessary tech and blockchain skills. The program will use a $3,000 grant to do this. The goal of this partnership, which is based on Yellow Card’s Social Good initiative, is to […]

Modupeoluwa Olalere
20

NFT market crashes as 95% of digital assets loses value-Study

The NFTs market is falling. Insider found in their “Remember when NFTs sold for millions?” study.  95% of digital things may not have any value. The study found that most NFTs have no value anymore. Since 2021/22, when the most non-fungible tokens were sold, trades have dropped dramatically. People who used to back the market […]

Modupeoluwa Olalere
14

₿trust acquires Qala, Bitcoin training organization for Africans

Qala is an organization that trains African Bitcoin engineers to drive Bitcoin’s growth in Africa and the Global South while also nurturing a generation of engineers who are committed to the open-source ethos of Bitcoin development. ₿trust, a non-profit organization focused on decentralizing Bitcoin software development, has announced that it has acquired Qala. Qala is […]

Felicia Akindurodoye
20

MasterCard suspends Binance’s crypto card contract

Mastercard will end its relationship with Binance, the biggest cryptocurrency exchange in the world, by the end of next month. The four-year partnership, which gave Binance users in Argentina, Brazil, Columbia, and Bahrain access to services, will stop on September 22, a MasterCard spokesperson said in an email on the same day. Mastercard’s other crypto […]

Modupeoluwa Olalere
20

Convexity studies Nigerian crypto p2p market

Blockchain solutions and consulting company Convexity has released a study that shows how complicated the day-to-day crypto peer-to-peer market is in Nigeria, which is Africa’s biggest crypto market. Peer-to-peer (P2P) markets are a common way for people in Nigeria to buy and sell coins. Users can trade directly with each other on these markets without […]

Modupeoluwa Olalere
20

Kenyan parliament creates 15-man Worldcoin committee

Kenya has been at the center of a debate about the newly launched Worldcoin project, and this week brings another update. A story from the local newspaper The Star says that the country’s leaders have put together a 15-person parliamentary committee to look into the controversial asset. Recall that Worldcoin’s launch has been marred with […]

Modupeoluwa Olalere
14

Bitcoin price falls below $26,000 for the first time since June

The price of Bitcoin, the most prominent cryptocurrency, fell below $26,000 on Thursday August 17, 2023, marking the first time since June that the value of the digital asset has dropped below that level.  The sell-offs have caused widespread fear in the cryptocurrency business, and traders have suffered losses of billions and billions of dollars […]

Felicia Akindurodoye
20

3 crypto platforms with Affiliate Marketing

In the ever-changing world of the digital age, cryptocurrencies have become a revolutionary force that is changing businesses and making new ways to make money possible. Among these is the interesting world of Affiliate Marketing. Affiliate marketing in crypto is a way for people and businesses to make money from their partnerships with crypto firms […]

Modupeoluwa Olalere
16

Worldcoin attracts concerns of privacy regulators over biometric data 

Concerns regarding the security of Worldcoin’s biometric data gathering have prompted privacy regulators to look into the ID firm. Worldcoin is attracting the attention of privacy regulators all around the world weeks after its global launch, with Kenya’s government even going so far as to shut down the service permanently. The Silicon Valley-backed worldwide ID […]

Ibukunoluwa Josephine Bankole
20

Tradefada’s CEO invests in controversial crypto, Patricia

The founder and CEO of Tradefada, Oluwaseun Dania, has put money into Nigeria’s controversial crypto exchange, Patricia Technologies.  The LinkedIn post from July 30, 2023, shows that buyers have faith in Africa’s Leading Crypto Exchanges. Hanu Fejiro, the founder and CEO of Patricia, liked the post without saying how much it was worth. Oluwaseun highlighted […]

Modupeoluwa Olalere
21

Altman, others launch Worldcoin Crypto project

In a groundbreaking event at Station F in Paris on May 26, 2023, Sam Altman, the Chief Executive Officer of OpenAI, together with his co-founders Alex Blania and Max Novendstern, launched Worldcoin, a pioneering crypto project.  The primary objective of Worldcoin is to provide users with a verified digital identity, termed “World ID,” and facilitate […]

Hauwa Ali Abdul
20

Binance withdraws German license application

Binance, which is the biggest cryptocurrency exchange in the world, has pulled out its application to register with German banking regulations. The crypto market leader has been trying to get into the European market. The crypto exchange’s spokesperson said that they were sad about the change in regulations around the world and that they planned […]

Modupeoluwa Olalere
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