bitcoin

The cryptocurrency market has suffered massive losses as cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap.  The domino effect in the crypto market began when the United States Federal Reserve raised its interest rates last week, negatively affecting the stock markets, then stablecoin terraUSD […]

The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report noted that […]

As Bitcoin hits another record high, the Central Bank of Nigeria (CBN) has continued to urge Nigerians to embrace the eNaira, Africa’s first Central Bank Digital Currency (CBDC). The Director of Corporate Communications Department, CBN, Osita Nwanisobi, made the appeal while speaking at the CBN special day at the Lagos International Trade Fair. After US […]


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