More than 93% of the total Naira in circulation is not in the Nigerian banks.
According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87…
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…
Diddy Hires Sam Bankman-Fried’s Lawyer From FTX Case
Following the New York judge’s decision to keep the music mogul, Sean “Diddy” Combs, in…
Posted inEconomy NAIRA RATE NEWS
Naira Gains 2.77% at the Foreign Exchange Market, Weakening at the Parallel Market— DiutoX
In September 2024, the Naira showed some positive signs in the official market, but the…
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…
The value of cashless transactions surges by 12% to N89.5T — NIBSS
After a slight dip in June, the rate of electronic transactions in Nigeria bounced back,…
The MENA Region Contributes 7.5% to Global Crypto Transaction Volume
Cryptocurrency is on the rise in the Middle East and North Africa (MENA), even though…
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…
Central Bank of Ghana Cuts Interest Rate by 200 Base Points
From 29% to 27%, the Central Bank of Ghana has reduced its key interest rate…
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 inBlockchain Cyber Security NEWS
$2.1B Lost to Cryptocurrency Hacks in 2024
The cryptocurrency space has long been vulnerable to hacks and scams, but in 2024, losses…
Posted inCrypto NEWS Stablecoins
Nigerian remote workers prefer to be paid in stablecoins
Nigeria has consistently ranked high in global cryptocurrency adoption. A recent Chainalysis report confirms that…
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…
CoinEx Empowers CET Token with Innovative Products and Ecosystem Growth
CoinEx, a top global cryptocurrency exchange, shared big improvements for its platform token, CoinEx Token…
Posted inCrypto Crypto Campus Events NEWS
Base Chain to Reward 25 ETH to Base Africa Buildathon Winners
Base Africa is looking to host a buildathon event for individuals developing applications to foster…
Posted inCrypto Fundraise NEWS Prediction Markets
Polymarket Discusses $50M Funding, Potential Token Launch
The leading blockchain-based predictions market platform Polymarket is reportedly considering raising $50M in fresh funding…
PBOC to Release $140B Stimulus Package into Circulation
The People's Bank of China, China's central bank, has introduced a stimulus package geared towards…
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…
CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.
The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…