Posted inBanking
Nigerian equities market on bullish run as market cap hits N29B
The Nigerian stock market continued its bullish trend for the third consecutive trading day with…
Posted inBitcoin NEWS Stablecoins
‘Uptober’, Tether’s USDT reaches $120B market capitalization
According to Tether's website, which tracks updates and performance of their stablecoin, the USDT, in…
Tesla still owns $780M in Bitcoin despite recent transfers: Arkham Data
On Oct. 15, Tesla moved a large amount of Bitcoin valued at $780M, which raised…
Posted inCrypto Fintech NEWS Technology
Zanzibar creates blockchain sandbox to assist tech startups
Zanzibar has established a blockchain sandbox program called the National Blockchain Sandbox, which allows startups…
Posted inCrypto NEWS Regulations
South African bank restricts customers from sending funds to crypto exchanges
Capitec, a major South African retail bank, has decided to stop customers from making EFT…
Posted inCrypto NEWS Regulations
Nigeria receives nearly $100,000 from unlicensed crypto service providers
The Nigerian government received nearly $100,000 (about NGN160M) from two cryptocurrency companies: Paparaxy Global Ventures…
Posted inCrypto NEWS Stablecoins Trading
BlackRock pitches BUIDL for derivatives collateral to crypto exchanges
BlackRock, a top Bitcoin ETF issuer, has made known its plan with Securitize to integrate…
Posted inBitcoin NEWS Technology
Tesla moves entire $765M Bitcoin holdings to unknown wallets
After being inactive since June 17, 2022. Tesla's Bitcoin Wallet records a sudden batch of…
New tax bills mandate finance workers to have tax id to operate bank accounts.
The federal government has proposed a new law that will require individuals in banking, insurance,…
Steward emerges the richest black billionaire in America at $11.4B
According to Forbes’ 2024 list of the wealthiest Americans, David Steward, founder and chairman of…
Posted inBanking NEWS Regulations
Central Bank of Kenya Lowers Interest Rate to 12%
The Central Bank of Kenya (CBK) has reduced its interest rate by 0.75%, bringing it…
Posted inCrypto Cyber Security NEWS Trends
ZachXBT exposes Murad Mahmudov’s alleged $24M memecoin wallets
Crypto sleuth ZachXBT claims he found nearly a dozen wallets, worth $24 million, belonging to…
National Bank of Bahrain launches its first Bitcoin investment fund.
The National Bank of Bahrain presented the launch of its very first Bitcoin investment fund…
NNPC Ends Exclusive Deal with Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC) has decided to bring to a halt its…
Posted inBlockchain NEWS NFT
Telegram to enable gift conversion to NFTs on TON Blockchain
Pavel Durov, Telegram CEO, hinted at a new feature that'd come up on the platform,…
Nigeria government begins Naira-for-crude sales with dangote refinery
Wale Edun, Minister of Finance, reveals that the government has officially started selling crude oil…
Posted inCrypto Economy NEWS Stablecoins
Chainalysis Report: 43% of Sub-Saharan Africa Turns to Stablecoins for Remittance
Like an inverse proportion, Nigeria and Ethiopia are suffering a decrease in the value of…
Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation
The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars
The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Bitcoin social sentiments are still bullish with more than 1.8M bullish posts.
Crypto analytics platform, Santiment, stated that there are about twice the size of optimistic (bullish)…
Posted inBlockchain NEWS Technology
Nigeria announces plans to develop an indigenous blockchain network named Nigerium
NITDA, National Information Technology Development Agency, has declared the intentions of the Nigerian government to…
Posted inBlockchain Economy NEWS Technology
Morocco Turns to AI, Distributed Ledger Technology to Achieve the Digital 2030 Strategy Goal
Morocco finally unveiled its “Digital 2030” strategy on the 25th of September. The strategy was…
Posted inCrypto NEWS Stablecoins
Ethena Labs launches new UStb stablecoin backed by BlackRock’s BUIDL
On Thursday, the 26th, Ethena Labs, developer of the decentralized stablecoin protocol Ethena, revealed that…
CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks
Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
Governance Concerns Trigger Sell-Off in Nigerian Bonds Despite Strong Yields
According to the Second-Quarter 2024 Report of the National Pension Commission (PenCom), Nigerian bonds faced…