Goli Innocent
As Africa grapples with soaring inflation rates, a new report reveals that bitcoin and other cryptocurrencies are experiencing a surge in transactions in Nigeria and Uganda. New Telegraph gathered, according to findings that specifically, transactions…
Boma Achenimie
The largest cryptocurrency exchange in the world, Binance, has been warned to stop courting Nigerian investors. The Securities and Exchange Commission (SEC) of Nigeria made this known in a press statement issued on Friday and…
Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday, according to Reuters. The cryptocurrency market…
Tony Chukwunyem
The cryptocurrency wallet market will reach $48.27 billion by 2030, according to research from Researchand- Markets.com. In a new report, the firm also predicted that the cryptocurrency wallet market will grow at a compound annual…
The global crypto Automated Teller Machine (ATM) market will grow from $46.45 million in 2022 to $472.18 million by 2027, Research and Markets said in a new report, adding that the market will grow at…
Sunday Ojeme
A report by Ku- Coin, has estimated that Nigeria’s 35 per cent crypto adoption rate is because locals lack access to basic monetary services and view digital assets as a store of value. According to…
SAMSON AKINTARO
The recent bank actions against digital currency traders have again accentuated the position of the Nigerian government on cryptocurrencies. But for stakeholders, the best way government can leverage the growing interest of Nigerians in crypto…
Samson Akintaro
Nigeria currently has the highest number of people owning and trading digital currencies globally, New Telegraph has learnt. This came despite the Central Bank of Nigeria’s (CBN’s) ban on cryptocurrency transactions through Nigerian banks. According…
U.S. banking giant, Goldman Sachs, has issued a Request For Information (RFI) to explore digital asset custody, online news outlet, Coin Desk, reported at the weekend, citing a source inside the bank. “When asked about…
SAMSON AKINTARO
With the recent pronouncement by the Securities and Exchange Commission (SEC), Nigeria has joined the league of countries taking measures to protect investors in virtual currencies through regulation. While the regulation is yet to take…