China Declares All Crypto Transactions Illegal
China’s central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.…
Man Loses His Entire ‘$500,000’ Savings In Cryptocurrency After Trader Died With Password
A man has narrated how he lost all of his life savings after investing the entire amount with a cryptocurrency trader who died in 2018. The man identified as Tong…
5 Best Investment Opportunities in 2023
Knowing the best Investment opportunities in Nigeria is a skill one must arm themselves with at all times. In 2023, investment opportunities abound. The need for investment dawned on Nigerians…
CBN Reverses Crypto Currency Ban
The Central Bank of Nigeria (CBN) has reversed its ban on crypto assets in the country. The reversal order was contained in a circular dated December 22, 2023, with reference…
Naira Crash: FG Stops Access to Crypto Firms
In an effort to combat what it perceives as ongoing manipulation of the forex market and illicit fund movements, the Nigerian government has decided to stop the online platforms of…
Binance Exit: Reps To Investigate Cryptocurrency, Others
The House of Representatives has decided to launch an investigation into various aspects of the digital landscape, including cryptocurrency. According to it, the investigation aims to assess the current state…
Binance Accuses Nigerian Officials of $150m Bribe Demand
Cryptocurrency company Binance has alleged that Nigerian government officials demanded a $150 million bribe in cryptocurrency to resolve criminal charges against the company. The accusation was made by Binance Chief…
FG Plans New Taxes, Regulation for Cryptocurrency by September
The Federal Government has announced plans to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. The Executive Chairman of the Federal Inland Revenue…
Cryptocurrency Investment Mistakes to Avoid in 2021
Cryptocurrency has gained worldwide recognition in the finance sector, especially in the past year despite the many uncertainties that came with 2020. The tremendous growth the crypto industry saw in…
Breaking: Nigeria Bans Cryptocurrencies, Orders Banks to Close Accounts of Traders
The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In a circular making the…