Cryptocurrency
CBN moves to regulate cryptocurrencies in Nigeria, plans framework
The Central Bank of Nigeria is planning to develop a framework to legalise and regulate cryptocurrency in Nigeria, especially stablecoins to be tied to naira.
Bitcoin lost More than 60% of Its value in 2022 as $2.1trn investors' money is wiped out from crypto market
The cryptocurrency industry had a disastrous 12 months in 2022, costing investors trillions of dollars, and creating market uncertainty for the new year(2023).
Traders worry as Binance halts USDC withdrawals, leading to panic
Binance has announced a pause in the withdrawal of USDC stablecoins on the platform, explaining that the action is to enable it to conduct a crypto swap there.
Binance CEO, CZ, assures deposits are coming back, says situation now stable
Binance CEO, Changpeng Zhao has stated that the company is witnessing more deposits after it halted withdrawals on Tuesday, December 13, over USDC withdrawals.
Sam Bankman-Fried, FTX founder arrested in Bahamas over collapse of his crypto empire as US govt files charges
Sam Bankman-Fried, a cryptocurrency billionaire who was once reportedly wealthier than Aliko Dangote, has now been charged with five counts by US government.
Man returns home to discover his mother threw away broken laptop on which he had saved his N164.3bn bitcoin
Cryptocurrency trader has recounted his experience of losing everything because his mother threw away the laptop he had left saved his wallet worth N254bn.
Meet Sam Bankman-Fried, the 30-year-old billionaire once richer than Dangote, now officially poor
Sam Bankman-Fried, one of the cryptocurrency world's bright lights, saw his money vanish in a matter of days and is now officially no longer a billionaire.
FTX crash: Binance publishes proof-of-reserve for bitcoin holdings, promises additional assets coming soon
Bianance has revealed the number of Bitcoin it has in reserves, showing millions of Bitcoin both in company and customer holdings to reassure its customers
Access banks react to reported plan to establish a cryptocurrency Bank for Nigerians
Access Bank, one of Nigeria's largest commercial bank, as reacted to the news that it is starting a cryptocurrency bank in Nigeria and already have products.
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