The price of Ethereum (ETH) surged over 16% on Monday, driven by growing speculation about the approval of a spot Ethereum ETF.  This speculation was sparked by a statement from Bloomberg’s senior ETF analyst, Eric Balchunas, who raised his odds of spot ETF approval from 25% to 75% on his X handle.  Balchunas considered a […]

Prominent cryptocurrency analyst and FX Pro trader Alex Kuptsikevich has issued a warning, stating that if Bitcoin falls below $60,000 in the next few days, there may be a big panic sell-off. Before the market is considered positive, cryptocurrency traders, based on market sentiment, are looking for a break of above $65,000. Bitcoin has been […]

The International Monetary Fund (IMF) has advised the Nigerian government to establish a robust regulatory framework for cryptocurrency trading, recommending that global crypto trading platforms be registered or licensed in Nigeria and subject to regulatory requirements.  This move aims to ensure that cryptocurrency transactions are conducted securely and transparently, minimising money laundering risks, terrorist financing, […]

Stakeholders in the blockchain industry have blamed Nigeria’s cryptocurrency trading challenges on the policies of the Central Bank of Nigeria (CBN) and the actions of dishonest players. According to them, the clampdown on Crypto could now allow dishonest people who traded cryptocurrencies to change currencies and hurt the economy even more. It is believed that […]

Nigerian authorities have vehemently denied allegations by Binance’s CEO, Richard Teng, accusing unnamed officials of soliciting a $150 million cryptocurrency bribe.  The Nigerian Information Ministry spokesperson, Rabiu Ibrahim, described the claims as baseless and an attempt by Binance to divert attention from the criminal charges it faces in Nigeria. Binance and two executives are embroiled […]

Richard Teng, an executive at Binance, accused Nigerian government officials of soliciting bribes amounting to $150 million from the cryptocurrency giant. Teng disclosed that the demand came after a meeting with Nigerian lawmakers, although their direct involvement remains uncertain. “We will not yield to illegal demands or coercion,” stated Teng unequivocally. Binance executives maintain that […]

Nigeria’s Federal Government, through the Securities and Exchange Commission (SEC), has announced plans to delist the naira from all Peer-to-Peer (P2P) platforms. This move aims to reduce the manipulation of the local currency value in the foreign exchange market. Emomotimi Agama, the SEC’s Director General, revealed this decision during an interactive session with the Nigerian […]

The Nigerian central bank has had a patchy record regarding cryptocurrencies, and this crackdown runs against a 2021 decision to make opening cryptocurrency accounts easier. Some Nigerian financial companies have warned customers against utilising their accounts for crypto transactions or face severe consequences as the country regulates cryptocurrency. Read also: OPay, Kuda, Moniepoint, others pause […]

Changpeng Zhao, the founder of cryptocurrency firm Binance, has been sentenced to four months in a US prison after pleading guilty to money laundering charges. This marks one of the most significant developments in the crypto industry since the imprisonment of Sam Bankman-Fried. Investigations by two Treasury agencies revealed that Binance failed to prevent transactions […]

South Africa’s leading cryptocurrency exchange, VALR, is set to broaden its crypto asset services beyond its home turf, targeting international markets like Poland and beyond.  CEO Farzam Ehsani revealed to Reuters the company’s ambitious plans to compete with global crypto giants by offering similar products and services while ensuring regulatory compliance in each jurisdiction. Read […]

Noones Academy, a cryptocurrency company, has launched a comprehensive digital training program to empower aspiring traders with the knowledge and skills they need to navigate the dynamic world of digital assets. This initiative is in response to the growing popularity of cryptocurrency trading in Nigeria. The training, which commenced on Friday, is designed to demystify […]

Solana-based meme coin Smog Token (SMOG) has successfully concluded its first two airdrop seasons, distributing rewards for a staggering number of quests completed by participants. Solana is an American Crypto company based in San Francisco, California. This high level of engagement, exceeding 11 million quests, highlights the strong sense of community surrounding the project. During […]

Welcome to the final instalment of our comprehensive guide to understanding cryptocurrency! In parts one and two of our series, we embarked on a journey through the fascinating world of digital currencies, starting with the basics of Bitcoin and progressing to advanced concepts like altcoins, DeFi, NFTs, and DAOs. In part one, we demystified the […]