Posted inCrypto Economy NEWS Stablecoins Chainalysis Report: 43% of Sub-Saharan Africa Turns to Stablecoins for Remittance Posted by By Eze Chichetaram 03/10/2024Like an inverse proportion, Nigeria and Ethiopia are suffering a decrease in the value of…
Posted inBanking Economy NEWS Zimbabwe’s Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation Posted by By Eze Chichetaram 03/10/2024The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of…
Posted inBanking Economy NEWS Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars Posted by By Eze Chichetaram 01/10/2024The Bank of Ghana has initiated and introduced a gold coin for the purpose of…
Posted inCrypto Trading Trends Bitcoin social sentiments are still bullish with more than 1.8M bullish posts. Posted by By Eze Chichetaram 30/09/2024Crypto 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 Posted by By Eze Chichetaram 29/09/2024NITDA, 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 Posted by By Eze Chichetaram 28/09/2024Morocco 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 Posted by By Eze Chichetaram 27/09/2024On Thursday, the 26th, Ethena Labs, developer of the decentralized stablecoin protocol Ethena, revealed that…
Posted inBanking Crypto NEWS CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks Posted by By Eze Chichetaram 25/09/2024Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
Posted inBanking Economy NEWS Governance Concerns Trigger Sell-Off in Nigerian Bonds Despite Strong Yields Posted by By Eze Chichetaram 24/09/2024According to the Second-Quarter 2024 Report of the National Pension Commission (PenCom), Nigerian bonds faced…
Posted inBitcoin Crypto ETF NEWS US SEC Approves Trading Options for BlackRock’s Spot Bitcoin ETF Posted by By Eze Chichetaram 23/09/2024The United States Securities and Exchange Commission (SEC) gave Nasdaq the go-ahead to list and…
Posted inBanking Fintech NEWS Top Nigerian Banks with the Lowest Lending Rates Posted by By Eze Chichetaram 22/09/2024For the manufacturing industry to thrive effectively, they rely on aid from financial institutions. Loan…
Posted inCrypto NEWS Technology Solana Labs plans to launch a new phone dubbed ‘Seeker’ with rewards Posted by By Eze Chichetaram 21/09/2024Revealed on Thursday, at the Token 2049 conference, Solana Lab’s phone designing subsidiary would be…
Posted inCyber Security Exchange NEWS Chelsea FC Sponsor BingX Tries to Hide $52M Hack Under Wallet Maintenance Posted by By Eze Chichetaram 20/09/2024BingX, a Singapore-based cryptocurrency exchange, has acknowledged the security breach that resulted in users’ asset…
Posted inCrypto Regulations Binance Sets Conditions Before Registering Under the Nigeria SEC Posted by By Eze Chichetaram 18/09/2024With regards to the Securities Exchange Commission’s special framework program for onboarding Virtual Assets Service…
Posted inEconomy NEWS Stablecoins New Report: Nigeria and Others Top in CBDC Global Adoption Posted by By Eze Chichetaram 17/09/2024About 134 countries, constituting 98% of the representing 98% of global GDP, are currently exploring…
Posted inEconomy NAIRA RATE NEWS Stocks Naira Rates: Nigeria Foreign Reserve Hits $36.87B Following the Sale of Domestic Dollar Bond Posted by By Eze Chichetaram 16/09/2024Nigeria’s foreign exchange (FX) reserves increased by $621.2M in 10 days following the recent sale…
Posted inEconomy NEWS Politics ECOWAS Suspends Single Currency Plans Sighting Political Challenges Posted by By Eze Chichetaram 15/09/2024After years of planning and setbacks, the Economic Community of West African States (ECOWAS) has…
Posted inBitcoin NEWS MicroStrategy Increases Total Bitcoin Holdings to 244,800 Posted by By Eze Chichetaram 15/09/2024Business Intelligence and Software company, MicroStrategy, publicly declared that it has purchased roughly 18,300 Bitcoin—BTC…
Posted inCrypto NEWS Regulations Around $670,000 Freezed by Nigerian Regulator Over Unregulated Crypto P2P Trades Posted by By Eze Chichetaram 14/09/2024The Nigerian regulator has reportedly freezed N548.6M (about $670,000), supposedly in the account of users…
Posted inCrypto NEWS Trends Chainalysis Report: Nigeria and India Leads in Global Crypto Adoption Posted by By Eze Chichetaram 12/09/2024India, Nigeria, and Indonesia top the report released from the highly anticipated 2024 Geography of…