Nigeria is set to redefine its stance on digital assets. A new legislative bill will soon legalize cryptocurrency operations while addressing financial risk concerns. The proposed law aims to regulate …
Cryptocurrency
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Banking, Finance & InvestmentBusinessBusiness and EconomyBusiness PoliciesCryptocurrencyFinance & ServicesNigeriaTechnology
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CryptocurrencyNigeriaTechnology
Nigerian Firm Develops Naira-Based Stablecoin for Asset Tokenization
A Nigerian fintech firm, ProsperaVest ESG Ltd, has introduced eNsc, a stablecoin pegged 1:1 to the Nigerian Naira and built on the Lisk 2.0 blockchain. The digital asset is designed …
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AfricaBanking, Finance & InvestmentBusinessCryptocurrencyNigeriaPress ReleasesUncategorized
Breet Welcomes Balloranking As Its Newest Brand Ambassador
Breet, a leading cryptocurrency exchange platform, is thrilled to announce Balloranking, an Afrobeats sensation, as its official Brand Ambassador. This exciting collaboration, set to run for the next six months, …
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AfricaAFRICA NEWSCryptocurrency
Harnessing Nigeria’s Commodity Trading Potential to Combat Unemployment and Generate Foreign Exchange
by Editorby EditorNigeria’s agricultural sector, once the backbone of its economy before the oil boom, remains a vital contributor to job creation and foreign exchange earnings. Historically, agricultural exports, particularly cocoa, provided …
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AfricaAFRICA NEWSCryptocurrency
German Government Transfers Another $52M in Bitcoin, Threatening More BTC Selling Pressure
by Editorby EditorThe German government has once more grabbed attention in the cryptocurrency realm by selling $52 million worth of Bitcoin from a cryptocurrency wallet officially linked to the government. This action …
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AfricaAFRICA NEWSCryptocurrency
Jeroid Platforms Crypto Innovation at the Africa Technology Expo 2024
by Editorby EditorThe Lagos Convention Centre hosted the prestigious annual Africa Technology Expo 2024, drawing a remarkable assembly of technology enthusiasts, industry leaders, and innovators from across the continent. This year’s event …
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AfricaAFRICA NEWSCryptocurrency
Bitcoin Crashes Below $61K, Crypto Traders Lose Over $280 Million
by Editorby EditorOn Tuesday, Bitcoin dropped below the $61,000 threshold, leading to substantial losses throughout the cryptocurrency market. This sudden decrease led to liquidations exceeding $280 million for traders, making it one …
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AfricaAFRICA NEWSCryptocurrencyFEATURED NEWS
Financial Planning with Cryptocurrencies: Integrating Digital Assets into Your Portfolio
by Editorby EditorThe economic landscape has been rapidly evolving with the advent of cryptocurrencies, creating new opportunities and challenges for traders. Cryptocurrencies, as soon as taken into consideration a spot marketplace, have …
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AfricaAFRICA NEWSCryptocurrency
Crypto long traders lose $420 million in 24 hours following Bitcoin dip
by Editorby EditorCrypto long traders suffered substantial losses totalling $420 million in a single day as Bitcoin’s price plummeted sharply. The abrupt decrease in Bitcoin’s value has reverberated throughout the cryptocurrency market, …
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AfricaAFRICA NEWSCryptocurrency
Cryptocurrencies Fall as Investors Await Fed Decision, Bitcoin Dips Below $67,000
by Editorby EditorThe cryptocurrency market experienced a notable decline today as investors braced for the upcoming Federal Reserve decision on interest rates. Bitcoin, the leading cryptocurrency, dipped below the $67,000 mark, reflecting …