City Lagos Financial News
05.08 / 03:57
Waves
Reuters
Waters
Action
Matthews
country
Four Nigerians drank urine, seawater to survive on ship's rudder for 14 days | Watch
Also read: Traces of explosives found on foreign grain ship, says Russia The four men exhausted their food supplies on the 10th day of the voyage and resorted to drinking seawater and their urine to survive, all while securing themselves with a makeshift net to avoid falling into the deep waters below, where they spotted large marine creatures like whales and sharks. After enduring their ordeal, Brazilian Federal Police finally rescued the desperate group at the port of Vitória in southeastern Brazil. Two of the stowaways chose to return to Nigeria upon their request, while Yeye and another stowaway, Roman Ebimene Friday, 35, applied for asylum in Brazil, seeking compassion from the Brazilian government, as reported by Reuters.
25.07 / 21:16
show
country
Nigeria's suspended Central Bank governor appears in court more than a month after his arrest
Nigeria's suspended Central Bank governor has appeared in court in the economic hub of Lagoon on charges of illegal possession of a firearm and live ammunition
29.06 / 23:17
business
Government
Blockchain
Adoption
Africa
Bitcoin
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.
02.05 / 14:19
29.03 / 12:25
Blockchain
regulation
Africa
P2P Networks
P2P
Nigerian crypto investors question central bank's decision to flag p2p users
Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack.
11.01 / 18:07
Africa
Lightning Network
lightning
Bitcoin
bitcoin lightning
Nigerian innovator launches first active Bitcoin Lightning node in the country
A Bitcoin Lightning Network node (BTC) has struck the earth in one of the most challenging operating environments. Lagos, the capital of Africa’s most populous country, Nigeria, welcomed a new Bitcoin Lightning node this week, a vital step to better connect the continent to the layer-2 payments network atop Bitcoin, the Lightning Network (LN).
13.12 / 18:19
scam
Police
Brazil’s ‘Bitcoin Pharaoh’ ‘Hired Gunmen’ to ‘Murder’ Crypto Rivals, Say Prosecutors
Source: Nelson Antoine/Adobe
05.12 / 09:41
business
Investments
FTX
Swyftx
Swyftx cuts 40% of staff as it braces against 'worst-case scenario'
Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and a potential fall in global trading volumes next year.
04.12 / 21:53
business
Africa
AAX clients storm exchange's office in Lagos following operational halt
Nigerian customer's of the crypto exchange AAX reportedly attacked the company's office in Lagos and harassed its employees, in a response for the recent halt of withdrawals, according to local reports from Dec. 3.
23.11 / 17:49
29.09 / 15:23
crypto market
Bitcoin
bitcoin beach
There's no crypto winter on Portugal's 'Bitcoin Beach'
bitcoin bar, on an uncrowded beach in southwestern Portugal, is the meeting place. To get there, you drive past a boat harbor, oceanside hotels and apartment buildings, then park near a sleepy seafood restaurant and walk down a wooden path that cuts through a sand dune. Yellow bitcoin flags blow in the wind. The conversations about cryptocurrencies and a decentralized future flow. “People always doubt when to buy, when to sell,” said Didi Taihuttu, a Dutch investor who moved to town this summer and is one of Bam Bam’s owners. “We solve that by being all in.” Sitting in the sand nearby, another bar regular, Katherin Bestandig, said, “Everything is possible if you’re brave.”
31.08 / 19:47
business
UPS
CEO
Cointelegraph
Cointelegraph promotes Wes Kaplan to CEO, Jay Cassano joins advisory board
Cointelegraph has appointed Wes Kaplan, the company’s thriving chief business development officer, as the new CEO of Cointelegraph. He takes over leadership from award-winning journalist Jay Cassano, who has served as CEO since September 2020 after joining as editor-in-chief in mid-2019.
10.05 / 08:33
Africa
Central Bank
restrictions
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country's fintech sector.
31.01 / 16:26
event
cryptocurrency
RegTech Africa Conference to Drive Growth and Shape Digital Economy
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
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