Bitcoin hits new record high above $70,400
March 11, 2024 Bitcoin hit a new record high on Monday above $70,400, as the surge in the biggest cryptocurrency showed no signs of slowing down. It rose to $70,488.50…
National Security: Reps move to investigate cryptocurrency, digital asset transactions
March 6, 2024 The House of Representatives has resolved to investigate the national security implications of the current status of Cryptocurrency, block chain, and other digital asset transactions. This followed…
CBN and Cryptocurrencies: Between instability and financial inclusion
July 24, 2021 Currently, there are two currencies, notes and coins. The CBN’s digital currency will be a third type of currency to supplement cash. Rather than carry cash about,…
Cryptocurrency Market Now Worth $2 trn
April 13, 2021 The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street….
Cryptocurrency: On this, I stand with CBN
Central Bank of Nigeria, CBN, has come under a maelstrom of deprecation for prohibiting cryptocurrency-related transactions in the country. The directive to prohibit all cryptocurrency transactions is not new. It’s…
Bitcoin Hits Record High Above $43,000 After Tesla Investment
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $43,725.51 around 1300 GMT, before cooling slightly to $42,352….
Cryptocurrency: CBN and national security
By Jackson Ugbechie Nigeria’s reserve bank, Central Bank of Nigeria (CBN), has at last taken a decisive position on the 11-year-old digital currency now a subject of dispute around the…
Ponle, Hushpuppi’s partner, charged in US for million-dollar wire fraud
A Nigerian, Olalekan Jacob Ponle, 29, and partner with Hushpuppi (Raymond Abass) appeared in federal court in Chicago Friday accused of orchestrating an international cyber fraud scheme that federal prosecutors…
NDIC cautions Nigerians against transactions in digital currencies
March 23, 2018 The Nigeria Deposit Insurance Corporation (NDIC) says transactions in digital currencies are not authorised by the Central Bank of Nigeria (CBN), cautioning Nigerias against transacting business in…