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JUST-IN: Binance Leaves Nigerian Market, Ends Services In Local Currency

JUST-IN: Binance Leaves Nigerian Market, Ends Services In Local Currency

Following the ongoing dispute over regulations in Nigeria, a cryptocurrency giant, Binance Holdings Limited has announced its plan to stop its operation in Nigeria and no longer offer services for the naira, the country’s fiat…

Crypto Transactions Hits 10% In Nigeria, Uganda

Crypto Transactions Hits 10% In Nigeria, Uganda

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…

SEC Cautions Nigerians Against Investing In Crypto Assets

SEC Cautions Nigerians Against Investing In Crypto Assets

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…

Report: Crypto crime hit record $20bn in 2022

Report: Crypto crime hit record $20bn in 2022

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…

Crypto wallet market to hit $48.27bn by 2030

Crypto wallet market to hit $48.27bn by 2030

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…

Report: Global crypto ATM market to hit $472m by 2027

Report: Global crypto ATM market to hit $472m by 2027

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…

Study: Poor access to financial services fuelling crypto in Nigeria

Study: Poor access to financial services fuelling crypto in Nigeria

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…

Embracing digital currency realities

Embracing digital currency realities

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…

Nigeria leads in cryptocurrency adoption –Report

Nigeria leads in cryptocurrency adoption –Report

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…

Report: Goldman Sachs plans to invest in crypto assets

Report: Goldman Sachs plans to invest in crypto assets

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…