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…
Nigeria’s net forex inflow increases by 67% to $27.6bn
The Nigeria forex inflow increased by 67.8% to $27.6B, compared to $16.44B during the same…
Posted inCrypto NEWS Regulations Stablecoins
African nation of Eswatini releases design for tokenized retail CBDC
The Central Bank of Eswatini, a small country between South Africa and Mozambique, has presented…
Posted inNEWS Regulations
South Korea recognizes cryptocurrency holdings as marital assets in divorce cases
Cryptocurrency and Bitcoin holdings are currently being recognized as marital assets in divorce cases, according…
Posted inNEWS Technology
NCC withdraws press statement on Starlink
Situations turn around as the Nigerian Communications Commission (NCC) reverses its earlier statement in which…
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…
Posted inCrypto NEWS Prediction Markets
Only 12.7% wallets on polymarket are in profit
Out of 171,113 wallets tracked by the on-chain analytics tool Layerhub, only 21,730 wallets, or…
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…
Kenya is launching a digital nomad visa for remote workers
The increasing popularity of digital nomadism, where professionals work remotely from beautiful destinations, presents a…
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 inNEWS Technology
Network operators fumes at NCC for allowing Starlink to hike subscription fee
Last week saw the increase of Starlink’s monthly internet subscription fee in Nigeria by 97%,…
Binance Wants to Delist Tokens with Significant Tokenomics Changes
The popular cryptocurrency exchange Binance has raised concern about 10 tokens that are currently trading…
Nigeria Stock Trading Volume Increases by 20% Gaining 0.47% ASI
The All-Share Index (ASI) rose by 0.47%, gaining 456.12 points to reach 97,520.54 on October…
Posted inBlockchain Crypto NEWS Stablecoins
TRON Network revenue grows to $577M surpassing Bitcoin and Ethereum Networks
Driven by the network’s increasing stablecoin activity and efforts to tap into the growing memecoin…
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…