CBEX crypto collapse sparks social media outrage amidst ponzi scheme allegations

Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds… дальше »

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Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on Its Platform: Report

A Nigerian court has ordered Binance to provide Nigeria's Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform. дальше »

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Coinbase CEO Dispels Rumours: No Government Ban On Nigerians From The Crypto Exchange

Coinbase, a prominent crypto exchange headquartered in the United States, has debunked allegations that it was instructed by the Nigerian government to prevent its citizens from using its crypto trading services. дальше »

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Nigerian Government Blocks Access to Binance, Coinbase, and Others to Shore Up Sliding Naira

News broke late Wednesday of the Nigerian government blocking access to major cryptocurrency exchanges like Kraken, Binance, and Coinbase, and this came as a shock to many of us (Nigerians). This dramatic move represents the latest escalation in Nigeria’s efforts to shore up the declining naira and curb unregulated cryptocurrency trading. дальше »

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This Week in Crypto: Whales on Hunt, Lessons From Bitcoin Canon, and Nigerians Suffer

This week in crypto saw Arthur Hayes sound a grave warning about Bitcoin's future, as Bitcoin and Ethereum whales cash in, while Binance may lose business in Nigeria. The post This Week in Crypto: Whales on Hunt, Lessons From Bitcoin Canon, and Nigerians Suffer appeared first on BeInCrypto. дальше »

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99% of Nigerians are crypto aware — ConsenSys report

A survey featuring respondents from all seven continents suggests that Nigeria has the most crypto-aware population globally.

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Regulators Tell Nigerians To Stay Away From Binance, Here’s Why

Nigeria’s Securities and Exchange Commission (SEC) has warned Nigerians against investing or trading on Binance, the world’s largest crypto exchange by trading volume. The Commission, as part of its “statutory mandate of investor protection,” warned local investors of the risk of trading in crypto assets, tagging it as a “high level of risk” which may […] дальше »

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No Respite for Nigerians as Binance Closes ‘Scam’ Shop

Binance issues a cease-and-desist order to an apparently unaffiliated operation called Binance Nigeria Limited The post No Respite for Nigerians as Binance Closes ‘Scam’ Shop appeared first on BeInCrypto. дальше »

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More Nigerians Resort to e-Naira 18 Months After Launch, Here’s Why

Nigerians are increasingly using digital currency for transactions due to banknote storage, driving e-Naira's adoption months after its debut. The post More Nigerians Resort to e-Naira 18 Months After Launch, Here’s Why appeared first on BeInCrypto. дальше »

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Nigerians Massively Adopt CBDC as Physical Cash Becomes Scarce

Coinspeaker Nigerians Massively Adopt CBDC as Physical Cash Becomes Scarce While the Nigerian legislative body is optimistic about the country's adoption of eNaira, there is still significant work to be done to enhance the digital infrastructure for financial practices in the country. дальше »

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ConsenSys and MoonPay enable crypto purchases in Nigeria via MetaMask 

ConsenSys and MoonPay have partnered to allow Nigerians to buy bitcoin (BTC) and other cryptocurrencies from MetaMask and Portfolio dapp using direct bank transfers. The Central Bank of Nigeria (CBN) is yet to lift its ban on crypto transactions. The… дальше »

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Metamask, Moonpay partner to allow Nigerians buy crypto directly

Buying cryptocurrencies in Nigeria just became easier following the partnership between Moonpay and ConsenSys —  enabling direct crypto purchases via bank transfers on MetaMask. The post Metamask, Moonpay partner to allow Nigerians buy crypto directly appeared first on CryptoSlate. дальше »

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Nigerians’ Rejection of Their CBDC Is a Cautionary Tale for Other Countries

Nigerians are protesting their country's CBDC and demanding renewed access to paper money, despite government incentives to use the digital currency. дальше »

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Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages

A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues. дальше »

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Nigeria’s Cash Chaos Is Reaching A Boiling Point, Underscoring Need For Bitcoin

As Nigerians protest over the inability to withdraw cash, it should be clear that the country needs a Bitcoin alternative. дальше »

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As Its Central Bank Limits Cash And Pushes A CBDC, Nigeria Needs Bitcoin

Following an unsuccessful CBDC launch, Nigeria’s central bank is now trying to cut off cash. Bitcoin can help Nigerians find sovereignty. дальше »

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Nigerians Are Fighting For Their Own Money And Bitcoin Can Help

As Nigerians have been cut off from access to their own money amid a banknote redesign, Bitcoin is the best chance to reinvent the system. дальше »

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As Monetary Policies Grow Complex, Nigeria Turns to Bitcoin

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Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto

Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CoinDesk. дальше »

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Are Nigerians Really Buying Bitcoin For As High As $34,000?

Over the last couple of weeks, reports have emerged that crypto users in Nigeria have been buying bitcoin (BTC) for a pretty hefty premium. On the surface, it may seem that these reports are accurate, but they are essentially wrong, and this report will address how. дальше »

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Less than 0.5% Nigerians have used the country’s CBDC e-Naira a year after its launch

Nigeria’s Central Bank Digital Currency (CBDC) e-Naira is failing because of low adoption rates while the government is trying to drive adoption higher, Bloomberg News reported. The post Less than 0. дальше »

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Nigeria Might Support Bitcoin And Cryptocurrencies, New Report Shows

The cryptocurrency market and bitcoin popularity in Nigeria have been rising in recent years. Despite the ban on crypto trades by the government in 2021, Nigerians continued to engage in cryptocurrency-related activities. дальше »

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Nigerians’ passion for crypto is stopping short at the eNaira

With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens.

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Naira now has a third “crypto exchange rate” as Nigerians rely heavily on crypto

Nigeria’s exchange rate system dominated by the official and black-market rates now has a “crypto exchange rate” as a competitor since Nigerians have been accumulating crypto since 2020 due to low confidence in the Naira, the Bloomberg reports. дальше »

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Report: Over A Third of Nigerians Are Invested in Bitcoin, Crypto

KuCoin released Into The Cryptoverse, a report showing 35% of Nigerians aged 18-60 are invested in or trading bitcoin and other cryptocurrencies. дальше »

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Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira

The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians toward Bitcoin and crypto adoption.

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Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate

A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. дальше »

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