crypto-currency

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 International Monetary Fund has warned about the widespread use of crypto assets in Nigeria and other emerging markets to bypass capital restrictions and sanctions. According to the IMF’s Global Financial Stability Report, this is the case. The IMF paid increased attention to crypto-assets this quarter. The IMF had pushed for a worldwide regulatory framework to […]

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 […]


Broadstreet

Current track

Title

Artist

Background