Nigeria Financial News

27.03 / 21:25

BLOCK Africa Bitcoin Financial Bitcoin is Set to Disrupt Africa's $85 Billion Financial System – Here's What You Need to Know

Bitcoin (BTC) is on its way to become the currency of choice for moving money between African countries, a new CNBC report has revealed.

25.03 / 00:57

business MasterCard MetaMask Bitcoin Bitcoin climbs network Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks!

23.03 / 16:27

business CBDC Adoption Central Bank Deal The UAE central bank signs deal for CBDC strategy

The Central Bank of the UAE (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC), the 'Digital Dirham', for domestic and cross-border payments.

23.03 / 15:39

Blockchain Ethereum Adoption Metaverse Africa How blockchain can help reimagine a new state in Africa

On episode 12 of Cointelegraph’s Hashing It Out podcast, Eche Emole, co-founder of Afropolitan, explains what it means to build a country on the blockchain.

22.03 / 19:23

Provident Digital CBDC adoption grows in Nigeria amidst cash crisis

Nigeria is witnessing an increased Central Bank Digital Currency [CBDC] adoption nearly 18 months after launching as national fiat reserves face shortage.

22.03 / 11:37

Blockchain Adoption Central Bank Cash Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

Nearly 18 months after launching its in-house central bank digital currency (CBDC), eNaira, Nigeria witnessed its massive adoption as national fiat reverses face severe shortages.

21.03 / 19:19

Stablecoin coinbase MasterCard Gaming USDC Support Crypto users Today in Crypto: Coinbase Halts Support for Signature Bank’s Signet, MetaMask & MoonPay Expand Partnership in Nigeria, India to Hit 156M Crypto Users This Year, Xapo Bank Integrates USDC Payment Rails

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

21.03 / 11:59

business Adoption wallet MetaMask Self Custody MetaMask enables direct crypto purchases in Nigeria

Self-custody cryptocurrency purchases are becoming easier in Nigeria as major crypto wallet MetaMask expands direct onramps with local banks.

20.03 / 19:43

CBDC regulation US Presidential Florida gov and US presidential hopeful calls for CBDC ban

Ron DeSantis, the Governor of Florida expected by many to throw his hat into the ring for the 2024 United States presidential race, has called for a ban on a digital dollar.

20.03 / 19:35

Adoption NFT Historical Collectibles Cointelegraph 2023 Top 100 full list now mintable as digital collectibles

Beginning March 20, folks across the crypto industry will be able to mint nonfungible tokens (NFTs) out of Cointelegraph’s 2023 Top 100. Cointelegraph unveiled its 2023 Top 100 list of the most impactful heroes and villains in the crypto and blockchain space in February. It was published in batches throughout the month, counting down to the top-ranked profile, with each entry including a bio and an animated picture.

10.03 / 16:07

Blockchain CBDC regulation banking Nigerian president-elect aims to use blockchain technology in the banking sector

Nigerian President-elect Bola Tinubu has recently released a manifesto that, if enacted, would enable the use of blockchain technology and cryptocurrencies in the nation's banking and finance sector.

06.03 / 17:15

business regulation Fiat Money Naira redesign no more: President’s directive canned by Nigerian supreme court

The supreme court of Nigeria has ruled that the old N200, N500, and N1,000 naira notes remain in circulation till Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Nigerian President Muhammadu Buhari. The introduction of redesign sought to phase out the use of the old naira notes.

01.03 / 20:15

regulation Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?

A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies.

27.02 / 22:35

CBDC regulation SEC coinbase IMF Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27

Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency (CBDC). According to the Minnesota lawmaker, the bill could prohibit the Fed from issuing a digital dollar “directly to anyone,” bar the central bank from implementing monetary policy based on a CBDC, and require transparency for projects related to a digital dollar.

22.02 / 20:59

Twitter Adoption Africa Lightning Network Bitcoin network bitcoin lightning Bitcoin Lightning Network growth is organic, coming from real-world adoption

Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC.

22.02 / 17:51

regulation Central Bank community Bitcoin Community BIS Bitcoin BIS head claims fiat won battle with crypto, Bitcoin community disagrees

The Bank for International Settlements (BIS) has long taken a cautious approach to Bitcoin (BTC) and cryptocurrencies. However, there is no need for caution anymore as the “battle has been won” between fiat and crypto, according to BIS.

21.02 / 16:23

CBDC Adoption regulation Africa Central Bank enaira eNaira is 'crippled': Nigeria in talks with NY-based company for revamp

The Central Bank of Nigeria (CBN) continues with its attempts to create its central bank digital currency (CBDC), the eNaira, but this time it’s calling in for backup.

21.02 / 13:27

Blockchain defi Hackers hacks Scams Arbitrum Exploit Hope Finance exploit results in $2M stolen from users' funds

Prospective users of an Arbitrum-based decentralized finance (DeFi) project have been left out of pocket following a $2 million exploit.

20.02 / 00:53

Government Adoption regulation Africa Zambia tests technology for crypto regulation, says minister Mutati

Bank of Zambia and the country's securities regulator are "testing technology" to enable the regulation of cryptocurrencies, said Technology and Science minister Felix Mutati on the ministry's website. The country's move aims to "achieve an inclusive digital economy."

09.02 / 15:17

Adoption NFT Metaverse Here’s a list of countries that love the metaverse the most

A recent analysis of more than a million tweets showed a list of countries that love and hate the metaverse, with Vietnam showing the most love for the concept and Ireland topping the opposite side of the spectrum.

31.01 / 21:51

Twitter Adoption Market Update Bitcoin Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss Bitcoin’s (BTC) impressive January rally and whether there are any indicators that suggest it could continue in February.

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