Nigeria Financial News
04.05 / 15:19
Blockchain
Ethereum
Stablecoin
Adoption
Latin America
CEX
National
Time
fall
Today in Crypto: Nigeria's Government Approves a National Blockchain Policy, CEX Trade Volumes Fall for 1st Time in 3 Months, INX Works with BitGo to Launch a Pilot Wallet Management Solution for Regulated Security Tokens
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
04.05 / 11:15
business
Blockchain
Web3
Funding
Bitget pledges $10M for Blockchain4Youth corporate responsibility project
On May 4, cryptocurrency derivatives exchange Bitget announced it would allocate $10 million over five years for its novel corporate social responsibility project. Dubbed "Blockchain4Youth," the project will provide blockchain courses and certifications through Bitget Academy and host campus lectures in partnership with universities worldwide. In addition, Bitget staff wrote:
04.05 / 08:51
Blockchain
Mining
regulation
SEC
Bitcoin Regulation
National
Nigerian national blockchain policy gets government approval
The government of Nigeria — one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC) — has approved a national blockchain policy during its meeting on May 3, 2023. The approval was in response to a memo presented by Isa Ali Ibrahim, the Minister of Communications and Digital Economy.
03.05 / 16:33
Provident
Digital
SEC
Google
Platform
Bitcoin
Nigeria Plans to Regulate Digital Asset Platforms
Nigeria, one of the most curious nations about cryptocurrencies, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering new regulations that would allow licensed digital exchanges to list tokens backed by certain assets, according to a report by Bloomberg.
02.05 / 14:19
01.05 / 11:09
regulation
SEC
Tokens
Africa
Bitcoin
NOT
Tokens but not crypto: Nigeria SEC prepares new digital asset rules
Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC), is preparing new industry regulations for digital asset platforms.
28.04 / 11:29
business
Adoption
Survey
Research
46% of millennials across major economies own crypto: Bitget research
A new survey suggests that 46% of millennials across major population countries, such as the United States, China, Japan, Germany, Indonesia and Nigeria, own cryptocurrencies.
27.04 / 00:19
Twitter
Platform
Continental
Paxful
Bitcoin
Nigerian Crypto Startup Lazerpay to Shut Down Operations
Lazerpay, a Nigerian start-up that was established in October 2021 by Emmanuel Njoku, Abdulfatai Suleiman, and Prosper Ubi, has decided to discontinue operations since it is unable to get sufficient finance. Njoku announced the news on April 13 through a message that he posted on Twitter. In the statement, he expressed his thanks for the relationships that were created and the influence that Lazerpay had on the cryptocurrency ecosystem. He went on to highlight that the new company had worked very hard to keep the lights on, but unfortunately, they had reached a point where they needed to close its doors.
22.04 / 16:07
business
Gemini
Derivatives
Winklevoss Twins
Gemini to launch derivatives platform outside the United States
United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The move comes amid a tightening and uncertain regulatory environment for crypto firms in the country.
22.04 / 13:17
Blockchain
Provident
SEC
Platform
Mobile
Gemini
Bitcoin
Crypto Exchange Gemini Ventures Outside the US With Plans for Derivatives Platform
Despite an ongoing legal tussle with US authorities, Winklevoss Twins-owned crypto exchange Gemini has announced the launch of a crypto derivatives platform.
20.04 / 20:41
Blockchain
Adoption
regulation
Crypto exchange Roqqu receives South African approval to expand operations
Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country's fiat currency, the South African Rand, according to local media reports.
18.04 / 13:59
Blockchain
Adoption
Investments
African blockchain ventures outpace global funding growth: Report
The African continent continues to be a fertile ground for the growth and implementation of blockchain technology.
17.04 / 16:11
business
Paxful
Assets
P2P
Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining
The chief executive officer of peer-to-peer crypto marketplace Paxful has announced the unfreezing of 88% of previously frozen user accounts more than a week after suspending operations.
14.04 / 09:33
Blockchain
Technology
defi
Investments
Nigerian crypto payment startup shuts down, offers IP for sale
Nigerian crypto and Web3 company Lazerpay announced on April 13 that it is shutting down its operations.
12.04 / 12:51
Africa
Lightning Network
lightning
play-to-earn
Bitcoin
Bitcoin gaming enters Africa with local crypto exchange partnership
Gamers in Africa can now send and receive small amounts of Bitcoin (BTC) while playing classic titles like Counter-Strike.
06.04 / 09:31
Adoption
Investments
cryptocurrency investment
Central Bank
Bitcoin
foreign
Foreign investment
Low
Nigerian crypto foreign investment is at a record low: Study
The largest economy in Africa has a foreign investment problem despite the exponential growth in crypto adoption.
05.04 / 11:41
business
Adoption
OTC
Paxful
P2P
Bitcoin
Paxful shutdown hits Nigeria harder than the rest of the world, here’s why
The shutdown of the peer-to-peer cryptocurrency marketplace Paxful has left its worldwide community in search of alternatives, but it appears to have especially affected the Nigerian Paxful community.
05.04 / 11:11
regulation
wallet
Trading
Exchange
Legal
Paxful
Shuts Down
end
Crypto Ecosystem Loses Another P2P Marketplace As Paxful Shuts Down – End of an Era?
The peer-to-peer cryptocurrency exchange Paxful has succumb to the relentless pressures of the ongoing crypto downturn.
02.04 / 09:17
Digital
Aware
Platform
Nigerian Crypto Investors Face Account Freezing
Nigerian crypto investors using peer-to-peer (P2P) services are facing difficulties as the Central Bank of Nigeria (CBN) has flagged their bank accounts. The CBN's decision is believed to be in relation to the recent Flutterwave hack, which saw almost $6.5 million (3 billion nairas) illegally transferred from the accounts of the Nigerian fintech company.
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.
29.03 / 12:25
Adoption
Banks
Africa
DApp
community
Podcast
Bitcoin
Africa: The next hub for Bitcoin, crypto adoption and venture capital?
The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases.
breaking news about Nigeria
What is the current situation in Nigeria?
In Nigeria, the spotlight is on local government initiatives that spark public discussion.
Where can I find reliable news about Nigeria?
We publish in-depth coverage about the situation in Nigeria, based on information from regional journalists.
What shapes the media agenda in Nigeria?
The news landscape of Nigeria is shaped by major cultural and social events, reflecting its unique context.
