Nigeria Financial News

30.01 / 11:37

Ethereum ETH BTC FIVE Digital CoinMarketCap Bitcoin Bitcoin Prices and Ethereum Prediction; Is Another 5% Rise Possible For BTC And ETH Today?

Bitcoin and Ethereum prices have been on the rise for the past few months, and even today. This has resulted in many investors wondering if another 5% rise is possible for BTC and ETH today.

30.01 / 09:05

Adoption Africa Central Bank Bitcoin Premium Withdrawals Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.

25.01 / 16:29

business CBDC UK government Bitcoin Community Bitcoin UK Bitcoin community reacts to incoming CBDC and digital pound rollout

The UK Government's economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as "Important, complex, and cross-cutting" and will "require extensive engagement across and beyond the HM Treasury."

24.01 / 17:15

Government Law Adoption regulation us government Central Bank Cash Winter Olympics Amid crypto winter, central banks rethink in-house digital currencies

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.

22.01 / 10:27

Adoption regulation Africa bills remittances Framework Central African Republic eyes legal framework for crypto adoption

Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region.

22.01 / 06:23

business Blockchain education Binance Charity to provide over 30K Web3 scholarships in 2023

The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging out a career in Web3 in 2023.

17.01 / 18:11

business Funding Africa Web3 games publisher Carry1st raises $27M

Mobile games publisher Carry1st has closed a $27 million funding round to advance its publishing and digital content creation platform in Africa — a region its backers say is ripe for Web3 adoption.

17.01 / 06:51

Digital NOT Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not

“Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.

16.01 / 18:39

Digital NOT Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not

16.01 / 17:23

business CBDC regulation Financial Times Winter Olympics Costs NOT CBDCs not worth the costs and risks, says former BoE advisor

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics.

13.01 / 22:55

CBDC Adoption MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries

The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) and associated organizations marshaled a sizable team of researchers in four low- and middle-income countries — India, Indonesia, Nigeria and Mexico — to study inclusion issues related to retail central bank digital currency (CBDC) design. They released the results of their 15-month research project on Jan. 13.

13.01 / 00:27

business Europe Nigerian crypto exchange Roqqu receives European virtual currency license

Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world's largest crypto markets.

12.01 / 13:51

Adoption regulation Central Bank enaira Nigeria revisits its payments landscape amid sluggish eNaira adoption

Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin adoption and regulatory considerations of initial coin offerings (ICOs) over the next two years.

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).

10.01 / 19:09

Stablecoin CFTC SEC Framework regulatory Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering a Regulatory Framework for Stablecoin Implementation

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

10.01 / 14:31

Stablecoin Adoption ICO Framework Nigeria to create the stablecoins and ICOs legal framework

As one of the world’s pioneers in adopting its own central bank digital currency (CBDC), Nigeria declares its readiness to accept the existence of private stablecoins as well. The necessity to create a legal framework for stablecoins is marked in the latest central bank strategy paper.

22.12 / 19:07

FIVE Platform CoinEx CoinEx 5th Celebration at Offline Parties

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

22.12 / 17:53

Adoption Survey Bitcoin Still bullish: 40% of survey respondents plan to buy crypto in 2023

Despite the gloom of the ongoing cryptocurrency winter, coupled with failures of crypto giants like FTX, the community appears to remain bullish about crypto, according to a new survey.

22.12 / 17:53

Provident Digital SEC Bitcoin Nigeria Passes Bitcoin And Cryptocurrency Law

A little more than a year after its introduction in October 2021, Nigeria's eNaira has only managed to get an adoption rate of 0.5%. The legislation that is set to be passed comes as a result of this fact. According to recent reports, the government of Nigeria will soon approve a legislation that will officially recognize the use of Bitcoin and other cryptocurrencies as a method for the country to bring its practices in line with those of the rest of the world.

20.12 / 07:39

Twitter Binance CEO Bitcoin Bears Low Bitcoin Price Prediction as Bears Take Control – How Low Can BTC Go?

Bitcoin is trading bearishly on December 20, having breached a narrow range of $16,550 to $16,800 and falling to the 16,300 level. However, Bitcoin has returned to the same trading range as before. Investors are waiting for a solid fundamental reason to drive price action. Similarly, the overall cryptocurrency market is behaving sluggishly, possibly due to the upcoming holiday trading sessions.

19.12 / 19:29

ETF SEC Bitcoin Today in Crypto: Israel to Seize All Crypto in 150 Wallets, Nigeria to Recognize Crypto Usage, OneCoin Co-founder Pleads Guilty

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

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