# DiutoCoinNews

> Crypto, Stocks and Financial News


## Posts

- [Waves Wallet Browser Extension; Waves Keeper Launched!](https://diutocoinnews.com/2018/10/waves-wallet-browser-extension-waves-keeper-launched/): Waves Wallet Browser Extension; Waves Keeper Launched! According To The Report From Waves Blog. In view of improving her ecosystem and developments. Waves Platform recently launched Waves Keeper. A desktop browser extension wallet for her community. This is a browser extension like Ethereum&#8217;s metamask. This will help her users to sign transactions on Waves integrated websites and dApps. The wallet browser extension is currently only available on Chrome browser. It will also benefit developers to seamlessly add the Waves Wallet functionalities to their projects. The wallet is the first of its version and can be switched to Mainnet or Testnet for [&hellip;]
- [New Hit Track : UPRISING - Jifem](https://diutocoinnews.com/2018/10/new-hit-track-uprising-jifem/): Jifem as usual did it again with his magic native flows. The New Track is a cool one. The rapper Jifem speaking on why he did make the track, noted the importance of focusing on making money and not holding on to women. The track Uprising Is A Hit Track! He keeps making it up to his fans under Startstrucks Entertainment. An infant entertainment platform from the Eastern region. [easy_media_download url=&#8221;https://diutocoinnews.com/wp-content/uploads/2018/10/Uprising-_-Jifem-audio.mp3&#8243; text=&#8221;Download Now&#8221; force_dl=&#8221;1&#8243;]
- [Binance Exchange Uganda Goes Live!  Trading Starts 17/10/2018.](https://diutocoinnews.com/2018/10/binance-exchange-uganda-goes-live-trading-starts-17-10-2018/): Binance, the largest cryptocurrency exchange worldwide finally launches it&#8217;s branch in Uganda. The largest cryptocurrency exchange worldwide by trading volume of over 1.7 Billion USD. Binance process up to 1.4 million transactions per second. Binance Uganda will start trading on 17th of October 2018 with initial deposit of Ugandan Shilling (UGX) made available. BTC and ETH trading pairs will be the first to exist. More pairs will be added in the future. &#8220;We are extremely proud to officially launch our first fiat-crypto exchange in Uganda,&#8221; said Wei Zhou, CFO at Binance. &#8220;We have been diligently preparing for this exchange with our [&hellip;]
- [WALL STREET : MMBM - JIFEM FT CHIBYSKE](https://diutocoinnews.com/2018/10/wall-street-mmbm-jifem-ft-chibyske/): The Fast Rising Upcoming Artist from the Eastern region of Nigeria took it up again with his magic native flows. The rapper Jifem speaking on why he did make the track, noted the importance of making money in life. Stressing the bad effects of what poverty has put people into he said: These days individuals fall prey to scams because of poverty. Had it being they have some money to carter for their need, it wouldn&#8217;t have been like this. The hit track MMBM &#8211; Money Must Be Made Is A Hit Track! He keeps making it up to his fans [&hellip;]
- [Africa Blockchain Lab, KAD ICT Hub Kaduna To Dictate And Solve Scams And Online Fraud With Confirm Partnership.](https://diutocoinnews.com/2018/10/africa-blockchain-lab-kad-ict-hub-kaduna-to-dictate-and-solve-scams-and-online-fraud-with-confirm-partnership/): The rate of scam and phishing websites is on increase in Africa and most especially in Nigeria. Individuals report cases of malware attacks and hacks leading to loose of funds and privacy especially in the blockchain ecosystem. This affects the blockchain adoption in Africa and especially in Nigeria as it is seen as a scam platform. Individuals find it hard to trust any online or internet activity that it money related. This equally slows down the Cryptoeconomy state of this side of the continent. In order to solve the above issue. Confirm in partnership with KAD ICT Hub Kaduna. Is working [&hellip;]
- [Crypto Trading Tutorials: Crypto Trading Tips.](https://diutocoinnews.com/2018/10/crypto-trading-tutorials-crypto-trading-tips/): Welcome Back. It&#8217;s been long we had the last tutorial. So what we are going to talk about now is Crypto Trading Tips. We are going to give you up to Five Cryptocurrency Trading Tips in this tutorial. Have a Cryptocurrency Trading Plan: Just like the way you plan your business. Same way you plan on how to do your trading. This involves taking down the rules and regulations you must abide with. And consistent update of these rules and regulations. You have to specify how you intend to invest. How you intend to make profit from this. What triggered you [&hellip;]
- [Bittrex Exchange To Delist Bitshares  Bitcoin Gold And Bitcoin Private.](https://diutocoinnews.com/2018/10/bittrex-exchange-to-delist-bitshares-bitcoin-god-and-bitcoin-private/): According to an announcement from Bittrex Website While the crypto market is going through a bearish phase, some cryptocurrency exchanges are finding time to expand their business. After her recent partnership with Cryptofacil, a new fintech digital asset trading platform and as part of the mission of offering a seamless and efficient trading environment for cryptocurrency trade. Bittrex on Monday, 8 October, 2018 announced her intentions to delists three cryptocurrency on her platform. Wallet removals are a routine part of our ongoing platform management for performance and operational efficiency. —Bittrex Emails where sent out to customers stating clearly that BitcoinGold, Bitcoin [&hellip;]
- [LifeBank Nigeria Solving The Issues Of Blood Shortage In Africa Using Blockchain Technology To Leverage Her Services.](https://diutocoinnews.com/2018/10/lifebank-nigeria-solving-the-issues-blood-shortage-in-africa-using-blockchain-technology-to-leverage-her-services/): LifeBank a medical oriented company located at 1, Connal Road, Yaba, Lagos, Nigeria aims to solve the issue of shortage of blood in Africa through its services. The goal is to deliver needed medical products such as blood, blood products, oxygen as well as vaccines to hospitals in Africa. The company has been in operation since February 2017 after her successful pre-seed sell. How It Works The app runs two separate platforms. The first platform allows medical professionals to order blood from about 28 blood banks in Lagos. Orders are filtered by blood type, location and urgency. LifeBank’s logistics team will [&hellip;]
- [Society Of Women Accountants Of Nigeria, (SWAA) To Organise Blockchain Seminar For Her Members.](https://diutocoinnews.com/2018/10/society-of-women-accountants-of-nigeria-swaa-to-organise-blockchain-seminar-for-her-members/): The Blockchain Arena in Nigeria is rapidly growing well. Proffessionls from different spheres are looking into the new technology to know how it benefits it&#8217;s angle. With this increase in awareness of Blockchain Tech, the Society Of Women Accountants Of Nigeria will be organizing a seminar for it&#8217;s members to enlighten them on Blockchain Tech. THEME: “Contemporary Issues In Financial Technology and Taxation: The Role Of Professional Accountants.” Institute of Chartered Accountants of Nigeria (ICAN), president, Alhaji Razak Jaiyelo, commended on the intended seminar and stressed the need for the tech in the accountancy proffession. “It is imperative to deploy technology [&hellip;]
- [Announcing Abuja Blockchain And AI Round Table 2018.](https://diutocoinnews.com/2018/09/announcing-abuja-blockchain-and-ai-round-table-2018-2/): The Blockchain Nigeria Group to hold The Abuja Blockchain and AI Round Table Conference on October 19 and 20, 2018 at Ladi Kwali Hall, of Sheraton Hotels, Abuja, Nigeria. AIM OF THE CONFERENCE : The Abuja Blockchain and AI Round Table Conference aims to discuss issues that will foster the growth of the economy of Nigeria through Blockchain and AI ( Artificial Intelligence) under a common framework. to provide a common framework. According To Blockchain Nigeria Group We aim to bridge the knowledge gap by providing government functionaries, decision-makers, professionals and practitioners with the resources they need to make key business-shaping [&hellip;]
- [BITCOINFY.NET ON BITCOIN AND BLOCKCHAIN TECHNOLOGY](https://diutocoinnews.com/2018/09/bitcoinfy-net-on-bitcoin-and-blockchain-technology/): INTRODUCTION : The Blockchain Technology can be referred to as a creative discovery or thought. This technology enables recording of the complete transactions of a public ledger of the Bitcoins. So, as a result, the networking of the complete Bitcoin is dependable on the blockchain, since this technology is playing a prominent role. In addition to that, the blockchain technology is categorized into three types namely; public, private and consortium blockchain respectively. Usually, a system of consensus is is followed by blockchain, at where the entire transactions will be taking place among the users, and they are going to be confirmed [&hellip;]
- [Blockchain Nigeria Group Endorses Muoghalu Kingsley For The 2019 Presidential Election.](https://diutocoinnews.com/2018/09/blockchain-nigeria-group-endorses-muoghalu-kingsley-for-the-2019-presidential-election/): The Nigeria Presidential Election is drawing near. Many Presidential Candidates are contesting for the seat of the President. Among these candidates is the formal Deputy Governor of the Central Bank Of Nigeria (2009 &#8211; 2014), Muoghalu Kingsley. The Presidential Candidate from the Young Progressive Party has expressed his vision of utilizing the Information Technology sector of the economy to drive up the country&#8217;s economic growth. Due to the present economic chaos which the country is currently in, under the leadership of President Muhammad Buhari. Muoghalu Kingsley is an advocate of the wide adoption and utilization of the Blockchain Technology to speed [&hellip;]
- [Rostec Partners With Vostok owned by Waves Platform to utilize Waves Blockchain.](https://diutocoinnews.com/2018/09/rostec-partners-with-vostok-owned-by-waves-platform-to-utilize-waves-blockchain/): As per the statement from Coindesk Announced Thursday, Rostec has signed an agreement with Vostok, a startup founded by the Waves platform team. The two partners will invest be investing a combined $2 million to bootstrap the project, but Rostec&#8217;s share was not disclosed. Over the next month, the joint team will present a roadmap for the project. The project will pave the way for the application of blockchain technology to Rostec&#8217;s operations – specifically, for standardizing, collecting and analyzing data about the products manufactured under Rostec&#8217;s supervision, which include both military and civilian goods. The information coming from these disparate [&hellip;]
- [XRP; National Commercial Bank of Saudi Arabia Joins RippleNet](https://diutocoinnews.com/2018/09/xrp-national-commercial-bank-of-saudi-arabia-joins-ripplenet/): As per the statement from Ripple.Com The National Commercial Bank is the first bank to establish in the country. The largest financial institution in the Middle East. NCB has over 5.74 million customers with over 400 branches around the world. Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the World Bank, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016. The market of the Kingdom of Saudi Arabia is comprised of its citizens and foreign workers who in 2018 [&hellip;]
- [Q and A Section with Bram Nagtegals,  Founder and Lead Developer Of BlackTurtle Network (Forked From Waves Blockchain).](https://diutocoinnews.com/2018/09/q-and-a-section-with-bram-nagtegals-founder-and-lead-developer-of-blackturtle-network-forked-from-waves-blockchain/): Q &amp; A with Bram Nagtegals, Founder &amp; Lead Developer of BlackTurtle.eu Q &amp; A session with the technical guru, Bram &amp; his blockchain endeavours; Q: Who is Bram (aka Mr Turtle), could you give us a little insight into your background? A: I am only 21 years old, born and raised in Belgium and speak Dutch &amp; English. I gained some valuable experience over the years running my own runescape private server (RSPS), Minecraft servers, teamspeak server and coded my own small games. My studies include an IT &amp; Bookkeeping degree in 2014, from 2014–2017 an Information Systems and Network [&hellip;]
- [WALL STREET; JIFEM FT PHYNO FINALLY DROPS!](https://diutocoinnews.com/2018/09/wall-street-jifem-ft-phyno-finally-drops/): The long anticipated hit track by the native rapper, Jifem from the Eastern part of the Nigeria finally hits the streets. The Blockchain Enthusiastic fast rising artist from the country finally dropped the long awaited hit track “OGINI” featuring a top native rapper Phyno. The track is one of a kind. The rapper is known for his rthymic flow and familiar words he uses in his songs which sets him apart from other fast rising stars. Such a humble artist also wishes the Blockchain Technology is used in the Music Industry to protect the artist&#8217;s copyright and avoid piracy which is [&hellip;]
- [BLOCKCHAIN LADIES AFRICA: THE BLOCKCHAIN ROOM FOR THE AFRICAN WOMEN.](https://diutocoinnews.com/2018/09/blockchain-ladies-africa-the-blockchain-room-for-the-african-women/): Blockchain African Ladies (BAL) is a network of blockchain enthusiastic Ladies. BAL was created to give free blockchain education to African women, to raise and promote ideas by Ladies, in Africa blockchain space. Its on record that the world has witnessed unblievable and unimaginable feats by Ladies in S.T.E.M right from the early days of computing and space science. Now with knowledge of this technolog, history will repeat itself again producing a more shocking results with ladies using the blockchain. Hence we are building a platform that will give every woman that is ready to understand a hedge in the market [&hellip;]
- [Step by Step Guide on How to Register New Binance Account.](https://diutocoinnews.com/2018/09/crypto-exchange-101-centralized-exchanges/): Welcome. We talked about Decentralized Exchanges in our Last Tutorial. Today we will be looking into Centralized Exchanges. BINANCE Binance is the top centralized exchange in the world with a trading volume of up to a $1.2b daily. The most user friendly and robust Centralized Exchange Platform. To start trading on Binance. You have to register on the exchange platform to start using Binance. To Register, go over to the official site and proceed with the steps required. Input your email, password and use 25301318 as your Referral ID?. Then agree with Binance Terms Of Use. After that you click register [&hellip;]
- [BLACKTURTLE NETWORK THE NEW FORK OF WAVES CRYPTOCURRENCY.](https://diutocoinnews.com/2018/08/blackturtle-network-the-new-fork-of-waves-cryptocurrency/): Let&#8217;s talk about the Fastest Growing Infant Platforms on the Blockchain Tech community, BlackTurtle Network. BlackTurtle Network is a Fork of Waves Cryptocurrency. The beauty of Black Turtlenetwork is that it has different features which waves is yet to implement. BlackTurtle Network began has a node on Waves Platform. Then as a node it was Turtlenode and still same till date as a node on Waves Platform. That was in 2017. When I came across BlackTurtle Network. I was in the group then with the bright minds talking on Blockchain Technology and was there experiencing how everything was gradually turning out [&hellip;]
- [UNIVERSITY OF NIGERIA, NSUKKA IN ENUGU STATE, NIGERIA TO ISSUE IT'S OWN CRYPTOCURRENCY.](https://diutocoinnews.com/2018/08/university-of-nigeria-nsukka-in-enugu-state-nigeria-to-issue-its-own-cryptocurrency/): I know this is ridiculous at the moment to some people anyway. But the good news here is that the Blockchain Technology Adoption is gaining traction in Africa and particularly in Nigeria. Too many organizations has existed towards the adoption of this new technology in Nigeria. Sometime around July The Africa Blockchain Hub was launched by KAD ICT Hub, Kaduna in partnership with the Kaduna Government. Also Le Blanc Crypto Group a new organization with the aim of spreading the knowledge about Blockchain Technology will be holding a Blockchain Summit in Lagos this September. All these are aimed towards the mass [&hellip;]
- [NEO AND GAS TO BE USED IN NEX TOKEN SALE AS NEON EXCHANGE ANNOUNCES TOKEN SALE!](https://diutocoinnews.com/2018/08/neo-and-gas-to-be-used-in-nex-token-sale-as-neon-exchange-announces-token-sale/): Following NEX&#8217;s token sale final approval from the Financial Market Authority (FMA) in the principality of Liechtenstein as per the statement from NEONEWSTODAY. The team states that this final approval is needed before the sale could commence because NEX tokens are classified as securities. This made “NEX the first regulated exchange security token in Europe and one of the few regulated securities in the world,” according to a separate statement. Neon Exchange (NEX), a decentralized cryptocurrency exchange, has announced the times and dates of its token sale beginning September 3rd. The following statement was released regarding the upcoming token sale event: [&hellip;]
- [Le Blanc Crypto Group (LBCG) TO HOST A BLOCKCHAIN SUMMIT ON 29TH SEPTEMBER.](https://diutocoinnews.com/2018/08/le-blanc-crypto-group-lbcg-to-host-a-blockchain-summit-on-29th-september/): The rate at which the Blockchain Technology Campaign is been passed across Africa, particularly Nigeria is increasing. Many organizations and associations have emerged towards this same vision. The country has witnessed a tremendous increase in the knowledge base of the Blockchain Technology among her citizens. Blockchain Nigeria Group had organised an event tagged Blockchain and Cryptocurrency Conference earlier on, around May 2018. Many other notable events has been held around the country to foster the new Blockchain Technology adoption. In view of this mission. Le Blanc Crypto Group is set to host a Blockchain Summit in partnership with Noble Stars College [&hellip;]
- [Beginners Guide to What is Cryptocurrency Exchange.](https://diutocoinnews.com/2018/08/cryptocurrency-basics-111/): WHAT IS A CRYPTOCURRENCY EXCHANGE: Hi Friends. Welcome Back. It&#8217;s been over two weeks since our last session on Cryptocurrency Tutorial. I guess it&#8217;s better. So now. I hope we all are familiar enough with this. So today eemm. Guess what&#8230;? ? We are going boom! into Cryptocurrency Exchanges, alright. So now. Like we said the other time. Cryptocurrency is the sofcopy of money while Fiat is the hard copy. In Cryptocurrency, securities can be bought and this currencies can be traded. Though cryptocurrency is yet to be termed a security because. Securities are those valueables that are controllable and involves [&hellip;]
- [“DON'T DO CRYPTO.... ” THE MERITS AND DEMERITS WITH MICHAEL DAVID UDOKA AT A RECENT EVENT AT THE CITY OF ONITSHA.](https://diutocoinnews.com/2018/08/dont-do-crypto-the-merits-and-demerits-with-michael-david-udoka-at-a-recent-event-in-the-city-of-onitsha/): “Don&#8217;t Do Crypto”. One might be shocked to hear this. But it&#8217;s actually don&#8217;t do crypto like others do. At a recent event held at the City of Onitsha in Anambra State, Nigeria. David Michael Udoka, the discussant at this inspiring, eye opening event discussed extensively about Cryptocurrency, Blockchain Technology. The Merits and Demerits that surrounds it. A free event organised by an organization by name “TRUTH”. The event began around 11:30am at Chillis Fast Food in Onitsha. It began with an opening speech from Ifeanyi Akanegbu. Ifeanyi Akanegbu introduced the aim of the event, during which he made clear of [&hellip;]
- [Jamaica Partners With Blockstation To Enable The Trading Of Cryptocurrency.](https://diutocoinnews.com/2018/08/jamaica-partners-with-blockstation-to-enable-the-trading-of-cryptocurrency/): The Jamaica Stock Exchange partners with Blockstation to enable the trading of crypto assets within “a recognized and secure regulatory framework.” After completing a live workshop with an initial group of five members as well as a beta test with participating institutions. The country sets out to be among the very few countries around the world to have implemented a regulated trading platform for cryptocurrency. Blockstation was chosen by the JSE after it&#8217;s extensive global search for a suitable partner, the exchange noted in a Press Release on August 14. Blockstation’s electronic communication network will facilitate the trading and clearing of [&hellip;]
- [KUBITX EXCHANGE, KENYA TO OPEN TRADING IN SEPTEMBER 2018.](https://diutocoinnews.com/2018/08/kubitx-exchange-kenya-to-open-trading-in-september-2018/): KUBITX Exchange Kenya plans official launch on 10th of September, 2018. The exchange is based in Kenya, Africa. This seems to be the first of its kind in Africa after Zimbabwe &#8216;s indigenous exchange. The exchange started it&#8217;s Pre-Public Round Sell on 16th of July which ends on 31st of August. With minimum of 10 ETH as the minimum contributions fee which was previously 25 ETH. The CEO of KUBITX, Eric Annan speaking on a recent event held last week said: The Exchange is ready. We are starting the Beta Test on Monday 13th August, 2018. We will be launching on [&hellip;]
- [Understanding The Basics Of Cryptocurrency. Crypto Basics 101.](https://diutocoinnews.com/2018/08/understanding-the-basics-of-cryptocurrency-crypto-basics-101/): Beginners Guide To Learning Cryptocurrency  
- [FEEDBACK FROM THE RECENT LAUNCH OF CHEETAH AFRICA. CHEETAH AFRICA WAS A SUCCESS.](https://diutocoinnews.com/2018/08/feedback-from-the-recent-launch-of-cheetah-africa-cheetah-africa-was-a-success/): “Believe in something larger than yourself. Get involved in the big ideas of your time” Barbara Bush. There is no other time than now that this statement is more profound. In a world of ever increasing change and development where the innovation of today fades away quickly to usher in a greater and more efficient innovation such as Fintech and Blockchain. There is the need to provide a system, structure and platform where the big ideas and disruptive innovation of tomorrow would be conceived and nutured to successful and profitable ventures that would disrupt the status quo of today’s “Big Idea”. [&hellip;]
- [PARTICIPATE IN THE WAVES FANTASY PREMIER LEAGUE AND WIN 50 WAVES CRYPTOCURRENCY](https://diutocoinnews.com/2018/08/participate-in-the-waves-fantasy-premier-league-and-win-50-waves-cryptocurrency/): Waves Lagos Nigeria launches the Waves Fantasy Premier League Promo. This is a promotional campaign aimed at promoting the Waves Digital Cryptocurrency across Nigerian and other African countries only. The Ambassador of Waves Platform to Lagos Nigeria, Awosika Israel Ayodeji with his team is launching the campaign across Africa to promote the use case that abounds in the world fastest cryptocurrency running the NG Protocol (to enhance the transaction speed of its Blockchain). The campaign is scheduled to run till the end of the Premier League Season. Registration is open for interested participants. The team with the highest points wins 50 [&hellip;]
- [AFRICA BLOCKCHAIN HUB LAUNCHED IN KADUNA STATE, NIGERIA.](https://diutocoinnews.com/2018/08/africa-blockchain-hub-launched-in-kaduna-state-nigeria/): The Africa Blockchain Lab, a a joint venture between Coinfirm, a global blockchain-based identity verification company which provides bank-grade AML/KYC compliance to blockchain and cryptocurrency companies, and KAD ICT Hub, Kaduna. The state-backed IT Innovation Hub was launched. After the Launch of KAD ICT Hub in Kaduna in 2017. The state government backed company recently launched a Blockchain Hub which is the first Blockchain Lab Launched in Nigeria aimed at providing for the African Continent a home to companies and entrepreneurs building Blockchain-based products and services for the African community. Grant Blaisdell, Co-founder and CMO at Coinfirm, explains: “A Silicon Valley [&hellip;]
- [INFINITO WALLET TO LAUNCH FREE EOS ACCOUNT CREATION CAMPAIGN.](https://diutocoinnews.com/2018/08/infinito-wallet-to-launch-free-eos-account-creation-campaign/): Infinito Wallet is set to announce free registration of EOS account. Infinito Wallet would be starting it&#8217;s free registration of EOS account from its multi-cryptocurrency wallet anytime soon. The Cryptocurrency Wallet Provider wishes to offer this promo to its telegram group members (about 1600 members) first before extending the promo to the public. The first of it was after EOS mainnet launch where up to 1500 free accounts were created. During the first campaign 1000 free EOS accounts were created and the second tier of the campaign will equally have 1000 EOS account created. After which the free EOS account creation [&hellip;]
- [Understanding Dashy Africa; The Solution To Some Life Issues In African.](https://diutocoinnews.com/2018/08/understanding-dashy-africa-the-solution-to-some-life-issues-in-african/): INTRODUCTION: Dashy Africa is a non-profit educational and promotional organization. With the goal of promoting Dash Digital Cryptocurrency in Africa. Spreading the gospel about it&#8217;s benefits and use case in the region. It&#8217;s use in economic, social and political lifes of the people. This organization is headed by Nathaniel Luz. Nathaniel Luz is the Ambassador of Dash Digital Cryptocurrency to Africa. Dashy Africa has its office located at No 8 Mosheha Street Onilekere Cement Bus Stop Ikeji Lagos, Nigeria. SET STRATEGIES: Dashy Africa has set up different strategies towards achieving it&#8217;s goal. This strategies ranges from holding conferences, events, meet-ups, organizing [&hellip;]
- [EOS NIGERIA PARTNERS WITH SCHOOL OF BLOCKCHAIN , NIGERIA TO TEACH EOS BLOCKCHAIN TECHNOLOGY.](https://diutocoinnews.com/2018/08/eos-partners-with-school-of-blockchain-nigeria-to-teach-eos-blockchain-technology/): The Vibrant community of EOS NIGERIA has partnered School of Blockchain, Nigeria to teach the EOS Blockchain Technology. EOS Nigeria after successfully securing it&#8217;s position as a Standby Block Producer of EOS. IO few months ago, took off with fulfilling it&#8217;s aims and goals by partnering with School Of Blockchain, Nigeria to teach EOS Blockchain Technology. The aim is to spread the knowledge about EOS.IO. EOSng will be lecturing on how to develop an EOS DApp and understanding the nature of the EOS Blockchain Technology. The EOS Nigeria took it up to teach the students who will be available for the [&hellip;]
- [Understanding Chamapesa App: The Open Network For Savings Group.](https://diutocoinnews.com/2018/08/understanding-chamapesa-app-the-open-network-for-savings-group/): INTRODUCTION : Chamapesa had existed since 2012. The Distributed Table Banking App For The Last Billion. This is a Mobile App for Chamas in Kenya which will extend to other African countries with time. The The app will manage membership, book-keeping, share issuance, payments, and loans between Members. It will be integrated with local mobile money9 rails, and an Ethereum-compatible wallet for the Chamapesa ERC20 Token called Chamacoin. The Chamapesa app will also create a micro-blockchain (Ricardian Litechain) for each Chama. The Ricardian Litechains are a hybrid technology. It will be merged with the functionality of Ian Grigg’s Ricardo Transaction Suite [&hellip;]
- [Hellenic Node: The First Successful ICO on Turtle Network](https://diutocoinnews.com/2018/08/hellenic-node-the-first-successful-ico-on-turtle-network/): INTRODUCTION Hellenic Node the first reward distribution model ICO on Turtle Network nears SOFTCAP. AIM: Hellenic Node aims to use the funds to be raised after its ICO to funds it&#8217;s project. The Advertisement and Content Sharing Network project of Hellenic Node needs funds to be executed. This funds will be used to run ads and article using Google Adsense and Facebook Audience Network. This generates funds for the Hellenic Node Platform. These incomes generated will be distributed to its $HN Hellenic Node holders. They will be shared among it&#8217;s token holders periodically using Turtle Node Token, Waves Token and Wagerr [&hellip;]
- [THE UNITED AND VIBRANT COMMUNITY OF EOS NIGERIA.](https://diutocoinnews.com/2018/08/the-united-vibrant-community-of-eos-nigeria/): INTRODUCTION : EOS NIGERIA is a community of vibrant individuals from different backgrounds. With over 500 community members. A community driven platform made of individuals, who are enthusiastic about Blockchain Technology Individuals interested in utilizing this Technology to better the lives of its community through the creation of DApps and other things beneficial to its community. Individuals who are willing to make the world free and the economy decentralised and accessible to the least person among it&#8217;s community. AIMS: Eosng aims to use the block rewards to make a good team that will specialize in building decentralized softwares (DApps) . These [&hellip;]
- [[VIDEO] The Former Governor Central Bank of Nigeria Encourages Students to go for Cryptocurrency Tutorials Before Going into it.](https://diutocoinnews.com/2018/08/former-gov-central-bank-of-central-talks-about-cryptocurrency/): At a recent event held on July 2018 at University Of Nigeria Nsukka, in Enugu State. The formal Governor CBN , Prof Charles Soludo spoke on the importance of cryptocurrency tutorials for prospective entrepreneurs. He spoke extensively on the life of an entrepreneur. The event was about the opportunities that abound as an entrepreneur and the possible ways towards achieving the set goals of an entrepreneur. He spoke on different sections of life where an individual can get to start as an entrepreneur to make a living. There are many ways for making money online in Nigeria. Cryptocurrency tutorials like bitcoin [&hellip;]
- [Joshua Nyaga On Why EOS Hackathon should be held in Africa .#eoshacksafrica](https://diutocoinnews.com/2018/08/joshua-nyaga-on-why-eos-hackathon-should-be-held-in-africa-eoshacksafrica/): After the recent launch of the mainnet of EOS.IO. The buzz around the cryptocurrency community is to see how this re-branded Blockchain will burst out to be the best among it&#8217;s peers. The launch saw the formally EOS token to now become EOS cryptocurrency. After its launch Block.one an open source software publisher specializing in high performance Blockchain Technology has organised different EOS Hackathon for the community. The first EOS Hackathon which was held in Hong Kong saw three teams emerge out of the 66 teams present at the 24 hours session of the Hackathon. The first three teams that won [&hellip;]
- [Understanding EOS Nairobi : A Standby  EOS.io BP Candidate For Africa.](https://diutocoinnews.com/2018/08/understanding-eos-nairobi-an-eos-io-bp-candidate-for-africa/): INTRODUCING EOS NAIROBI: EOS Nairobi is made of vibrant individuals from different backgrounds who believe in the new Blockchain Technology. The Community is aimed at utilizing the new technology of EOS.io to better the lives of the community and also to solve both political and economic issues disturbing the Kenyan community. Image By EOSnairobi The team is made of well skilled programmers and efficient individuals in the various fields they are in. The core-team members is headed by Daniel Kimotho, who is the Lead, Chief Executive of the EOS Nairobi Pro Team. George Mosomi, Head of Technology. Felix Macharia, Head of [&hellip;]
- [Cheetah Africa Launching With Fintech And Blockchain Conference.](https://diutocoinnews.com/2018/07/cheetah-africa-launching-with-fintech-and-blockchain-conference/): INTRODUCTION : Cheetah Africa is a non-profit organisation registered in Nigeria. With the Executive Director as Nathaniel Luz. The platform is for the Venture Capitalists and Investors to access the best of African ideas and innovations. Cheetah Africa is a platform for emerging startups with innovative and realistic ideas and projects. Specifically in the Fintech and Blockchain Industry. This is primarily to help them get exposed to the industry. It is currently operating in West, Central and Eastern Africa. Cheetah Africa Team includes: The Executive Director Nathaniel Luz. The Co-founder Lucy Uwakwe who is also the Co-Founder of Blockchain Solutions LTD. [&hellip;]
- [Feedback :Waves Meet Up Lagos Held On 22nd July 2018](https://diutocoinnews.com/2018/07/feedback-waves-meet-up-lagos-held-on-22nd-july-2018/): The Third Edition Of The Waves Platform Meet-up was held on 22nd July 2018. The event took place at Somewhere Restaurant Igbogbo, Ikorodu Lagos. Awosike Israel Ayodeji and Omusuwe Precious spoke during the event. Awosika Israel Ayodeji, Waves Ambassador to Lagos Nigeria. spoke about the Waves Project discussing the benefit of the waves blockchain over other blockchain projects like ethereum and the benefit of early investment in Waves Platform. He spoke on benefits like ease of use for less advanced traders and cryptocurrency beginners. With the availability of efficient trading mobile app. Omusuwe Precious the Waves Lagos Team Member also spoke [&hellip;]
- [Investment Platform Bitfund.  Launched In Johannesburg, South Africa.](https://diutocoinnews.com/2018/07/investment-platform-bitfund-launched-in-johannesburg-south-africa/): Cryptocurrency Investment Platform, Bitfund launches In Johannesburg, South Africa. Bitfund Co-founder Josh Miltz said: “In South Africa, the only safe and easy way to get investment exposure into cryptocurrencies is through buying bitcoin and ethereum and these are currently only available through a single exchange. Most potential investors lack the technical knowledge and confidence to manually purchase the lesser known cryptocurrencies on international exchanges, but BitFund makes it possible for them to do so.” Josh Miltz claimed that hundreds of investors have signed up on the platform a day after the platform was launched on July 10. Bitfund Platforms: Bitfund has [&hellip;]
- [Waves Lagos Meet-up To Hold On 22nd July 2018.](https://diutocoinnews.com/2018/07/waves-lagos-meet-up-to-hold-on-22nd-july-2018/): The Waves Ambassador To Lagos, Nigeria; Awosika Israel Ayodeji with his team of Crypto Enthusiasts has organized successful Waves Meet-ups in the past for the promotion of Waves Blockchain Technology. The First Meet-up was held on 10th June 2018 at Origin Events And Gardens Ebute Road Ikorodu in Lagos in Nigeria. Followed by the second meet held on 1st July 2018 at Yabatech Royal Guest House and Conference Centre in Lagos, Nigeria. The team has converged to host another Meet-up holding on 22nd July 2018 at Somewhere Restaurant, Igbogbo Ikorodu in Lagos, Nigeria. The Meet-up aims at spreading the word about [&hellip;]
- [Kenya Blockchain Taskforce Recommends The Creation Of Kenya Own Cryptocurrency.](https://diutocoinnews.com/2018/07/kenya-blockchain-taskforce-recommends-the-creation-of-kenya-own-cryptocurrency/): The Kenya Blockchain Taskforce recommends the creation of a country&#8217;s local digital currency. The taskforce was commissioned in February with Dr. Bitange Ndemo as the Chairman. The 11-member taskforce has recommended the creation of a digital currency by the Central Bank of Kenya. A digital currency that is traceable. A trusted identity for each of the country&#8217;s citizen was also recommended via the currency usage. The creation of this digital currency was one of the top recommendations from the report made by the Taskforce Team. It was recorded that the Head of ICT, NTSA, Fernando Wangila, has proposed a similar identity [&hellip;]
- [Litecoin Foundation And TokenPay : Partners With WEG Bank, Germany](https://diutocoinnews.com/2018/07/litecoin-foundation-and-tokenpay-partners-with-weg-bank-germany/): TokenPay Swiss AG announced its partnership with WEG Bank in Germany. Under the terms of the previously announced deal, TokenPay acquired 9.9% of the bank along with options to purchase approximately 90% overall of the bank pending the customary regulatory approval. As per the statement from Tokenpay Partnership Tpay had 9.9% stake in WEGBank which was further transacted to the benefit of Litecoin Foundation in exchange for a broad, detailed and extensive marketing and technology services. An agreement that will benefit TokenPay and its related cryptocurrency and other business operations. TokenPay and Litecoin combined together to create and deliver to the [&hellip;]
- [eBitcoinics Exchange and Cryptocurrency Learning Platform Ghana lists Dash.](https://diutocoinnews.com/2018/07/ebitcoinics-exchange-and-cryptocurrency-learning-platform-ghana-lists-dash/): The integration of Dash into the exchange is an encouraging progress for the Dash community in Ghana. The Dash African lead ambassador Mahamadu Abdul Salam explains, “This means a big win for Dash adoption in Ghana, the long awaited solution to Dash liquidity in the country is solved now and people can buy and sell/swap fiat and fiat for Dash freely and easily on eBitcoinics. The exchange is by far the number one cryptocurrency exchange not only in Ghana but Nigeria as well with multiple means of payment in a buying order such as mobile money, Bank payments and PayPal.” This [&hellip;]
- [Kenya Says it has only Two Weeks To Legalise Bitcoin Or Delegalize.](https://diutocoinnews.com/2018/07/kenya-says-it-has-only-two-weeks-to-legalise-bitcoin-or-delegalize/): A statement gathered from BitcoinKe National Treasury Cabinet Secretary Henry Rotich on Tuesday addressed the national assembly of the Kenya Government on the existence of cryptocurrencies in Kenya, particularly Bitcoin. In his request for a statement, Molo MP Kimani Kuria asked Rotich to appear before the Finance and Trade Committee to make clear the regulations the Kenya government has put in place for crypto-currencies and the risks associated with the digital money. Addressing the parliamentary committee, Rotich said : cryptocurrencies have no intrinsic value and are not backed by any kind of assets. He argued that the price of Bitcoin is [&hellip;]
- [Eos Nairobi Community and Moringa School Kenya To Host Eos Hackatton.](https://diutocoinnews.com/2018/07/eos-nairobi-community-and-moringa-school-kenya-to-host-eos-hackatton/): Gathered from BitcoinKe The Nairobi Blockchain Hack Day is an event organized by EOS Community In Nairobi in partnership with Moringa School. The objective of the hack day is to provide a platform to actualize the creative and innovative use of blockchain technology. The hack day brings together blockchain developers who have the passion, drive and skills to change the world around them. Meet enthusiastic blockchain developers, mentors and experts. Build Dapps and smart contracts using Blockchain. Event details: Developers are encouraged to read the problem statement, research and prepare their blockchain projects (Dapps or smart contracts) before the event. Marks [&hellip;]
- [Monaco To Launch New MCO payment Card.](https://diutocoinnews.com/2018/07/monaco-to-launch-new-mco-payment-card/): As was gathered from Monaco Blog Site. Th e pioneering payments and cryptocurrency platform formerly known as Monaco, today unveils its new MCO Visa Card portfolio and MCO Private service. The updated card portfolio now includes three new offerings: Icy White (new 5,000 MCO Tier), Jade Green, and Royal Indigo. (From left to right) Midnight Blue (Classic plastic card), Ruby Steel, Jade Green, Royal Indigo, Icy White (Platinum metal cards), and Obsidian Black (Limited edition platinum metal card) Kris Marszalek, Co-Founder and CEO of CRYPTO.com (formerly known as Monaco), said: “We’re pleased to introduce our updated portfolio of MCO Visa Cards [&hellip;]
- [Kenya: To Introduce Blockchain Education In Universities.](https://diutocoinnews.com/2018/07/kenya-to-introduce-blockchain-education-in-universities/): As per the statement from local reporter BitcoinKe. The African Blockchain Community is missing from the billion dollar cryptocurrency market. The developers community in Africa Continent is about to kick off the goal of putting the continent on the world map of blockchain community. Kenya is doing its best by taking lead in this journey after the recent launch of Binance Uganda. Binance is a top world cryptocurrency exchange with the highest trading volume worldwide. The Kenyan universities is working on putting it up the blockchain education in the country to breed new developers for the country . Ether Africa Meetup [&hellip;]
- [Qiwi To Set Up The First Crypto Investment Bank In Russia.](https://diutocoinnews.com/2018/07/qiwi-to-set-up-the-first-crypto-investment-bank-in-russia/): Russia-based payment service provider Qiwi. Qiwi have created the first crypto investment bank in the Russian market. The project, which they called HASH, will provide assessment, search and market entry projects. This is a typical of investment banking firms designed to appeal to large investors, according to Kommeresant. HASH will operate as a non-Qiwi Group subsidiary. Qiwi Blockchain Technologies (QBT) will serve as HASH’s technology partner. HASH will establish its token’s purpose, how this token will be used and how it will work. QBT financial director Yakov Barinsky, the HASH’s project manager, said: Qiwi Group’s main shareholder and general director, Sergey [&hellip;]
- [John McAfee Threatens $20m Suit Against HitBTC Exchange.](https://diutocoinnews.com/2018/07/john-mcafee-threatens-20m-suit-against-hitbtc-exchange/): John McAfee is one of the most influential voices within the online crypto community. An American computer programmer and businessman. A confrontational programmer and Crypto Millionaire. Earlier today, McAfee used that voice to tell his Twitter followers to boycott HitBTC, the world’s sixth largest cryptocurrency exchange by trading volume. The ever patriotic advocate for the poor trading on Cryptocurrency Exchanges took to his tweet handle few hours ago blasting the HitBTC exchange. Regarding the plead from HitBTC to sugggest an algorithm which can be used to resolve the issue which HitBTC claimed is being faced many exchanges. John McAfee gave them [&hellip;]
- [McAfee Advocates Users To Withhold Patronage On HitBTC Exchange. HitBTC writes an Open Letter.](https://diutocoinnews.com/2018/07/mcafee-advocates-users-to-withhold-patronage-on-hitbtc-exchange-hitbtc-writes-an-open-letter/): John McAfee is one of the most influential voices within the online crypto community. A confrontational programmer and Crypto Millionaire. Earlier today, McAfee used that voice to tell his Twitter followers to boycott HitBTC, the world’s sixth largest cryptocurrency exchange by trading volume. “The crypto exchanges have become the thing that we have originally fought against,” said McAfee in a tweet. “Their power is immense.” McAfee claims the exchange “has increased suffering for millions of poor people” because these poor people “cannot afford the minimum buy-in since it is greater than their monthly income.” Coupled with the fee charged with listing [&hellip;]
- [Sacramento Kings :Basketball Team In Sacramento To Launch Scholarship for Tech Education From Mining Ethereum](https://diutocoinnews.com/2018/06/sacramento-kings-basketball-team-in-sacramento-to-launch-scholarship-for-tech-education/): Basketball Team In Sacramento To Launch Tech Scholarship Education: The Sacramento Kings basketball team plans with a cryptocurrency mining hardware firm to install mining machines in an indoor arena, with the crypto earnings used as a Fund for scholarship programs. Local news outlet The Sacramento Bee reported yesterday, June 28. The mining machines will be installed in Sacramento’s Golden 1 Center. All crypto proceeds will go to a multi-year scholarship program tagged MiningForGood, which the Sacramento Bee describes as a charity for tech education and workforce development in Sacramento. The first recipient of MiningForGood Scholarship Program will be the Black Communicaties [&hellip;]
- [Coinbase : Launches Coinbase Pro.  Shuts down Gdax.](https://diutocoinnews.com/2018/06/coinbase-launches-coinbase-pro-shuts-down-gdax/): From the General Manager of Coinbase Pro. Farmer: On Friday June 29, we say goodbye to GDAX and hello to Coinbase Pro. To take full advantage of this upgrade, we recommend you start using pro.coinbase.com now. From the statement gathered from coinbase blog. Coinbase Pro is a new interface built on top of the existing GDAX trading engine that has been designed with the needs of the active trader in mind. From coinbase blog No action is necessary from you right now, but please note that after June 29, you will not be able to access gdax.com. After this date: Any [&hellip;]
- [India Not Willing To Pay In El Petro Cryptocurrency To Buy Crude Oil From Venezuela.](https://diutocoinnews.com/2018/06/india-not-willing-to-pay-in-el-petro-cryptocurrency-to-buy-crude-oil-from-venezuela/): India unwilling to use Venezuela’s ‘El Petro’ cryptocurrency to pay for crude oil imports from the Latin American nation. Which is a large regular supplier of crude oil to India. India’s Foreign Minister Sushma Swaraj said on Monday. India’s central bank issued an order saying that it doesn’t allow trade in cryptocurrency, Swaraj said at a news conference. citing . India’s average oil imports from Venezuela have recently fallen down to their lowest level since 2012. Venezuela is currently facing increasingly stricter U.S. financial sanctions. The oil wealthy country is trying to prevent them by offering her customers to pay in [&hellip;]
- [Coinbase: Top Us Exchange COINBASE To Open Office In Oregon,  Portland.](https://diutocoinnews.com/2018/06/coinbase-top-us-exchange-coinbase-to-open-office-in-oregon-portland/): Top US cryptocurrency exchange and wallet provider Coinbase announced yesterday, June 28, that they are opening a new office on the west coast of the United States in Portland, Oregon. As gathered from the Coinbase Blog, the exchange had considered different cities before deciding on Portland for its “incredibly talented, innovative open-source and blockchain communities.” Coinbase made it clear on the blog that she has signed a seven-year lease on the new office, where renovations will begin in the coming weeks. From the blog post, Coinbase will add up to 100 new jobs to the Portland economy this year, with possibly [&hellip;]
- [Bittrex Verification : Tips To Get Verified On Bittrex Exchange In 15mins](https://diutocoinnews.com/2018/06/bittrex-verification-tips-to-get-verified-on-bittrex-exchange-in-15mins/): Bittrex had a tremendous increase in the number if customers who are interested in been registered on Bittrex. Those whose accounts are yet to be verified have been equally trying their best to get on with the verification process. Some have funds stocked up on Bittrex which can&#8217;t be withdrawn. These customers have been relieved a bit with the recent easier procedure to get verified trading on Bittrex. We’ve improved our automated ID verification systems to make the process state-of-the-art, fast, and painless. In fact, the vast majority of our customers get verified in less than 15 minutes. Please use the [&hellip;]
- [Presearch Unlocks  Search Reward Token PRE.](https://diutocoinnews.com/2018/06/presearch-unlocks-search-reward-token-pre/): Presearch Rewards Unlocked. As gathered from PRESEARCH The company has started to unlock PRE reward tokens for those who&#8217;ve accumulated 1,000 or more PRE through legitimate search activity. Qualified participants will be notified through email and a notice on the site when they are qualified to redeem token. The first batch of unlocked rewards will be made available primarily to long-time users who&#8217;ve been actively testing the platform since we opened the beta back in November, with the exception of a handful of newer members who&#8217;ve reached the minimum threshold by referring active members and collecting the 25 PRE per referral [&hellip;]
- [Binance Launches A Crypto-Fiat Exchange In Uganda.](https://diutocoinnews.com/2018/06/binance-launches-a-crypto-fiat-exchange-in-uganda/): Binance Launches Uganda Crypto-Fiat Exchange.
- [FACEBOOK RAISES BAN ON SOME CRYPTOCURRENCY ADS.](https://diutocoinnews.com/2018/06/facebook-raises-ban-on-some-cryptocurrency-ads-2/): Facebook will now allow some Cryptocurrency Adverts and some preapproved advertisers to promote crypto businesses and services, like exchanges. ICO advertisement is still BANNED. Facebook previously banned all crypto ads it&#8217;s service back in January. That was during the bitcoin price surge, to prevent people from promoting “financial products and services frequently associated with misleading or deceptive promotional practices.” Currently, advertisers that are approved by Facebook through an application process can now promote cryptocurrency products, though ads promoting binary options. ICOs, Initial Coin Offerings, are still under ban. Interested advertisers may have to show Facebook “licenses they have obtained, whether they [&hellip;]
- [Tron Blockchain Features And Updates : Next Big Thing After Ethereum.](https://diutocoinnews.com/2018/06/tron-blockchain-features-and-updates-next-big-thing-after-ethereum/): TRON is an open source blockchain-based protocol designed solely to decentralize the web and the digital entertainment industry spread across the globe. It offers a decentralized platform that shares various entertainment contents by leveraging a blockchain and peer-to-peer (P2P) network technology. TRON protocol enables users to publish, store and own data. By using the autonomous decentralized form, users can select how to share the data. The same form enables subscriptions and push content by releasing and circulating the digital assets. TRON protocol Tron cryptocurrency was first introduced to the market as an initial coin offering (ICO) on September 9, 2017, by [&hellip;]
- [SEC says Bitcoin and Ethereum are not Securities.](https://diutocoinnews.com/2018/06/sec-says-bitcoin-and-ethereum-are-not-securities/): The SEC&#8217;s point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws. &#8220;Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers,&#8221; William Hinman, head of the Division of Corporation Finance at the SEC, said in a speech at the Yahoo All Markets Summit: Crypto conference in San Francisco. Hinman said the main point in determining whether cryptocurrencies and ICOs [&hellip;]
- [Akon: The Award-Winning Senegalese Singer Is Set Launch His Own Cryptocurrency.](https://diutocoinnews.com/2018/06/akon-the-award-winning-senegalese-singer-is-set-launch-his-own-cryptocurrency/): Akon: The Award-Winning Senegalese Singer Is Set Launch His Own Cryptocurrency. Akon the 45-year-old award winning Senegalese singer announced on Monday at Cannes Lions International Festival of Creativity that he is launching his own cryptocurrency/digital token, &#8220;Akoin,&#8221; which he will also use in his Akon Crypto City, a 100 percent crypto-based city in Africa. First reported by Page Six, Akon said at Cannes Lions: &#8220;I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people, and brings the security back into the currency system, and also allows the [&hellip;]
- [Coinspayment launches Coinspayment (CPS)Token and CPS Token Airdrop Details.](https://diutocoinnews.com/2018/06/coinspaymentairdrop/): Click Here To Register Coinspayment is excited to announce the airdrop of our very own utility token – The CPS Coin. CPS Coin will be the first token built on the Syscoin blockchain and will benefit from numerous built-in features including instant transactions (Z-DAG) and feature rich decentralized marketplace. Within the CoinPayments platform, holders of CPS Coin will be able to: Save 50% on merchant transaction fees by paying the fee with CPS Coin Get rebates on conversion and network withdrawal fees Receive a 50% discount on coin hosting fees Participate in CoinPayments hosted ICOs at a discounted rate Stake your [&hellip;]
- [Cashbet a Blockchain Powered iGaming Platform partners with Arsenal Football Club](https://diutocoinnews.com/2018/06/cashbet-a-blockchain-powered-igaming-platform-partners-with-arsenal-football-club/): CashBet Coin is an iGaming Platform powered by Blockchain Technology . It&#8217;s exclusive blockchain partnership with Arsenal Football Club! the first partnership between a major football club and a Cryptocurrency Platform . Arsenal is an English football Club founded in 1886 as a munition workers&#8217; team from Woolwich, then in Kent, now southeast London. They turned professional in 1891 and joined The Football League two years after. Arsenal had made a good landmark in England with huge amazing success. With different trophies won and counting over 142 million fans globally. Unai Emery from Spain is the Current Manager starting from 23rd [&hellip;]
- [Ontology Blockchain Company partners with blockchain based transportation solutions CarBlock.](https://diutocoinnews.com/2018/06/ontology-blockchain-company-partners-with-blockchain-based-transportation-solutions-carblock/): Today Ontology, a new high-performance multi-chain project announced a partnership with CarBlock, the world’s first blockchain-based transportation solution . The two companies will work together to achieve business resources integration. It will also cooperate in community operations. CarBlock also disclosed the company&#8217;s intentions to airdrop tokens to cars and their owners who are certified byOntology Platform to participate in the airdrop. CarBlock will build a transport data platform based on blockchain Tech and vehicle network intelligent hardware. The platform will bring together the Ontology’s chain network with CarBlock’s intelligent hardware model and IoT solutions. This will help in efficiency and fair [&hellip;]
- [Ontology Mainnet Update, launch and Swap Updates](https://diutocoinnews.com/2018/06/ontologymainnetupdate/): Ontology Mainnet Updte: The Ontology team has announced there will be two methods to map and migrate tokens to the Ontology MainNet, which is planned to launch at the end of June. ONT can be migrated either through an exchange, or through private wallets. Mapping and migrating ONT tokens of the NEP-5 based ONT tokens will be a permanent measure once the MainNet is launched. Users will need to migrate their ONT to the the Ontology network. If users fail to migrate their tokens, they will also not unlock ONT GAS (ONG), much like NEOholders unlock GAS by holding their tokens. [&hellip;]
- [The CFTC probes US Top Exchanges Over Bitcoin Price Manipulations](https://diutocoinnews.com/2018/06/bitcoinpricemanipulations/): CFTC; The United States Commodity Future Trading Commission (CFTC) has sent letters to bitcoin exchanges in its ongoing bitcoin price manipulation probe that started at the end of May 2018. Bitcoin exchanges to hand over trading data to CFTC The US Regulator, CFTC has demanded four cryptocurrency exchanges viz. Coinbase, Kraken, Bitstamp, and ItBit in the ongoing investigation. Coinbase which is recently on the struggle to secure all the legal requirements needed for it&#8217;s activities faxes yet another backlog. According to Coinmarketcap, Kraken is at 24th position with a 24-hour trading volume of over 54 million while BitStamp ranks at 38th [&hellip;]
- [EOS.IO Mainnet Update And BLOCK.ONE Relation To EOS.IO platform.](https://diutocoinnews.com/2018/06/eos-io-mainnet-update-and-block-one-relation-to-eos-io-platform/): EOS And Block One Block.One is pleased to release version 1.0 of it&#8217;s open source EOS.IO blockchain software. This software enables businesses to efficiently build and deploy high-performance and high-security blockchain-based applications. EOS.IO is designed to include: Free Rate Limited Transactions Low Latency Block confirmation (0.5 seconds) Low-overhead Byzantine Fault Tolerant Finality Optional high-overhead, low-latency BFT finality Smart contract platform powered by Web Assembly Designed for Sparse Header Light Client Validation Scheduled Recurring Transactions Time Delay Security Hierarchical Role Based Permissions Support for Biometric Hardware Secured Keys (e.g. Apple Secure Enclave) Parallel Execution of Context Free Validation Logic Inter Blockchain Communication [&hellip;]
- [Newspaper Association Of America Writes Open Letter To Brave CEO.](https://diutocoinnews.com/2018/06/newspaper-association-of-america-writes-open-letter-to-brave-ceo/): Brave Browser Brave hopes to build a better internet advertising ecosystem that will favour both users and publishers. About a group of 17 publishers are demanding that the new web browser company cease and desist from its intended agenda. Brave, had up 5million downloads from Google Play Store after launching it&#8217;s iOS, Android, OS X, Linux and Windows applications. It exists as something between ad blocker and ad server. In its current form, it works as an ad/cookie blocker. It is designed to soon replace existing online ads with those it considers “safe” (i.e. those that don’t track users with unique [&hellip;]
- [The Results Of African Blockchain Conference Held In Uganda](https://diutocoinnews.com/2018/05/the-results-of-african-blockchain-conference-held-in-uganda/): African Blockchain Conference : African Blockchain Conference hosted by UGANDA in Kampala has so far been the new Wave towards Blockchain Adoption in Africa. Non-supporters are now left to choose to support Blockchain adoption in Africa or be left out to swim in the dark side of the Technology World. The recent Continental Conference held at Kampala UGANDA was a huge success as we gathered. Two Presidents, Prime Minister, Governor, upto 10 super Ministers, CEOs and captains of top business and industry all in one room debating what blockchain is or is not sets the better scene and forum for the [&hellip;]
- [Eastern Africa Embraces Blockchain In Africa.](https://diutocoinnews.com/2018/05/eastern-africa/): The Eastern Africa on Blockchain: The Eastern Part of Africa is said to be Leading Generally towards Blockchain Adoption in the African Continent. The new Blockchain Technology is evolving rapidly and growing profusely. The recent developments was from Uganda. After concluding the powerful Blockchain Conference held at Kampala, Uganda . From Eastern Africa the lead was taken by Kenya. Kenya had previously hosted the World Blockchain Summit, barely two months before Uganda hosted the African Blockchain Conference. President Kenyatta Uhuru previously endorsed 11 member Task force headed by Prof. Bitange Ndemo. The Task-force is to investigate how the new tech will [&hellip;]
- [PRESEARCH : MAKE MONEY SEARCHING ONLINE](https://diutocoinnews.com/2018/05/presearch-make-money-searching-online/): PRESEARCH : Presearch is an open, decentralized search engine that rewards community members with Presearch Tokens for their usage, contribution to, and promotion of the platform. __presearch.org In a world where one company has the 77% control of all searches, making it have a huge influence of over trillions of dollars in spending and excessively acting as the primary gatekeeper to the Internet, a new, open and community-driven search engine is of necessity. Presearch has an innovative market driven strategy to target the most frequent searchers &#8211; web workers &#8211; and gain early adoption, in releasing future versions of the Blockchain-based [&hellip;]
- [Amex To Integrate Blockchain Tech Into Its  Reward Program For Merchants.](https://diutocoinnews.com/2018/05/amex-to-integrate-blockchain-tech-into-its-reward-program-for-merchants/): The Financial Services Institution American Express (AmEx) had made known to the public a blockchain application to its Membership Rewards program in partnership with online merchant Boxed, Associated Press reported May 23rd. AmEx had made known to the public that it is going to integrate a blockchain technology developed by Hyperledger, an open source blockchain project under the Linux Foundation, that will enable merchants design customized offers for AmEx cardholders so as to increase customer relations. This will allow the company to reward its clients for purchasing some items, but AmEx has noted that it isn&#8217;t available to all merchants but [&hellip;]
- [South African Kidnappers Demand Ransom in Bitcoin](https://diutocoinnews.com/2018/05/south-african-kidnappers-demand-ransom-in-bitcoin/): It was gathered during the weekend that kidnappers kidnapped a South African teenager from a playground during the weekend demanding a ransom in bitcoin worth about over $120,000, the Witbank police have said. Theguardian A 13-year-old boy was taken by unknown gang from the town of Witbank in the eastern province of Mpumalanga while he was playing with two friends near his home. It was gathered that Witnesses at the scene said that a Toyota Corolla pulled up nearby and the teenager was dragged in and driven away to an unknown area. “We are investigating a case of kidnapping that happened [&hellip;]
- [Zimbabwe High Court Lifts Cryptocurrency Trading Ban.](https://diutocoinnews.com/2018/05/zimbabwe-high-court-lifts-cryptocurrency-trading-ban/): The Reserve Bank of Zimbabwe (RBZ) as was gathered, failed to appear for court proceedings in a case involving the Zimbabwe crypto exchange, Golix (also known as Bitfinex) is seeking reversal of the central bank’s directive that it stop virtual currency trading in the country. Golix filed a case to the High Court seeking that it reverse the ban instituted by the central bank this month. The RBZ had banned banks from processing transactions involving crypto-currency trades. John Mangudya ghetto RBZ governor and it&#8217;s officials did not turn up for court proceedings. This prompted the High Court in Harare to issue [&hellip;]
- [SHACKLEWELL MOSQUE UK USES BITCOIN AND ETHEREUM  FOR ZAKAT](https://diutocoinnews.com/2018/05/shacklewell-mosque-uk-uses-bitcoin-and-ethereum-for-zakat/): The Shacklewell Lane Mosque in Dalston UK registers as the first mosque in UK to accept Cryptocurrency as a mode of payment for the Ramadan offering. The payments were to be made through the official website after which the funds will be traded through Localbitcoins UK. Shacklewell Lane Mosque is on a better side to benefit from the Crypto-Trading members of the mosque. “If Muslims, who make up a quarter of the world’s population, hold just 1 percent of bitcoins – or £1.04 bln ($1.39 bln) – then £26 mln ($34.6 mln) in Zakat contributions is due,” Mr Guney told the [&hellip;]
- [Cryptocurrency Market Update](https://diutocoinnews.com/2018/05/cryptocurrency-market-update/): The Cryptocurrency Market saw a big market loss which saw the whole Cryptocurrency Market Capitalization at $370b against a previously total of $250.05b loosing up to $20b within a little period of time. Two-three days time frame starting from 21/05/2018 &#8211; 23/05/2018. The bitcoin market equally saw the bitcoin price at $788804 BTC with a market falling to $134.2b against previously $140.05b yesterday loosing a total of $6.03b. $623.34 Ether in price lost a $4.09b market capitalization against $62.09b market capitalization of yesterday&#8217;s night market capitalization. The Altcoin are left behind. Previously the altcoin holds $230b market capitalization but it went [&hellip;]
- [Bitfinex Partners With Connamara](https://diutocoinnews.com/2018/05/bitfinex-partners-with-connamara/): Connamara specializes in delivering large scale, highly-available, distributed systems. Quality is assured through the use of strong reliable development methods. Connamara is focused on test driven development, automated testing and continuous integration. gateway-support@connamara.com for FIX accessibility via integrations as its open source and transparent andalso readily available for the developers. The FIX gateway will deliver an open-source and a high-performance solution for professional traders wishing to enter the digital asset markets. With the successful launch of the FIX gateway, Bitfinex will provide improved access to digital asset liquidity for brokers, institutions, and professional traders around the world. Financial Information eXchange (FIX) [&hellip;]
- [INDIA STATES NEW TAX FOR CRYPTOCURRENCY](https://diutocoinnews.com/2018/05/india-states-new-tax-for-cryptocurrency/): As reported on Bloomberg, India government will likely attach an 18 percent Goods and Services Tax (GST) on cryptocurrency trading. Currently, the new development is under consideration by the Central Board of Indirect Taxes and Customs, and shall be brought before the GST council after they are finalized. It was made clear that the digital assets will be tagged “intangible goods,” on par with other software systems, with the board stating that separate laws would be made to deal with the usage of cryptocurrencies for criminal activities. Cryptocurrency mining – a process which verifies transactions, confirms transactions and maintains a cryptocurrency’s [&hellip;]
- [BTC Tickets Denied Access To Wole Soyinka's Drama Review](https://diutocoinnews.com/2018/05/btc-tickets-denied-access-to-wole-soyinkas-drama-review/): Wole Soyinka, an Iconic playwright and international literary critic did what he does best at the New Arts Theatre in University of Nigeria Nsukka where one of his plays was brought to life on stage. CHILDE INTERNATIONALE. Lovers of Playwright and Arts were all gathered for the event which took place at exactly 22/05/2018 at the University Theatre. The event began at exactly 7:00pm and lasted for two hours. The performance was outstanding and the commentaries from the audience was welcoming. The ticket for the event were only made available to those who paid for it. And was bought using the [&hellip;]
- [BITCOIN AND ALTCOIN UPDATE.](https://diutocoinnews.com/2018/05/bitcoinupdate/): BTC MARKET UPDATE The bitcoin market is showing a good strong support at 7800-8900 The current crypto-market cap still at over $370b with the bitcoin market having 37.7% of the market cap. The support level really strong indicates a new bull run likely ending at $12000-$19000. With the launch of NASDAQ Crypto-Trading Platform coming next month and news of the four richest men (Gates, Bezos, Buffet and Zuckerberg) coming together to talk on the possible influence of Cryptocurrency in the new technology world of digital money. The Cryptocurrency Market especially the bitcoin market Capitalization will certainly see a new All Time [&hellip;]
- [VERGECURRENCY NETWORK HACKED.](https://diutocoinnews.com/2018/05/vergecurrency-network-hacked/): A day ago, various reports emerged of a potential hack on the mining protocol of VERGE CURRENCY , The percentage increase was a huge 51% famous hack. The hacker(s) managed to take control of up to 50% of the computing power on the Verge network and have since mined millions of verge currency. At time of reporting , the Verge explorer showed 1560 XVG coins were being mined per second (or alternatively $78 per second). The report reaching DIUTOCOINNEWS is that $78 was being mined per seconds from the vergecurrency network. The hack duration lasted up to 24hrs totalling over $4680 [&hellip;]
- [KRUNGSRI TESTS THE FIRST CROSS-BORDER PAYMENT  USING BLOCKCHAIN TECHNOLOGY](https://diutocoinnews.com/2018/05/krungsri-tests-the-first-cross-border-payment-using-blockchain-technology/): Krungsrithe current Thailand’s fifth largest bank by total assets reports on May 22nd 2018 that major global banks have successfully and efficiently conducted a cross-border payment pilot test using Thai bank Krungsri’s (Bank of Ayudhya) Blockchain Interledger, The cross-border payment test conducted in the Bank of Thailand’s (BOT) a regulatory body, was done by Japan’s Mitsubishi Group, the Japan Mitsubishi banking unit MUFG Bank, and the Standard Chartered Bank of Singapore. The test involved sending money within seconds from a Thailand-based Mitsubishi Group subsidiary to the Standard Chartered account of a Singapore-based Mitsubishi Group Subsidiary, in which the Kungsri’s Interledger tech. [&hellip;]
- [HTC TO LAUNCH OWN CRYPTOCURRENCY. “EXODUS”](https://diutocoinnews.com/2018/05/htc-to-launch-own-cryptocurrency-exodus/): Exodus the new Crypto-mobile. High Tech Computer Corporation or HTC (TWSE: 2498), to Launch its Own Cryptocurrency-Focused Smartphone, named Exodus. The Taiwan based consumer electronics manufacturer HTC will release its own cryptocurrency-focused smartphone. HTC announced that she is developing a “blockchain-powered” device that will be based on Google’s Android operating system. The phone is expected to contain a universal wallet and a secure hardware supporting cryptocurrencies and dapps (decentralized applications). The company is examining the possibility of selling the device for cryptocurrency as well. “Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, [&hellip;]
- [AFRICAN BLOCKCHAIN CONFERENCE](https://diutocoinnews.com/2018/05/african-blockchain-conference/): Africa Is Ready For Blockchain: On the 23rd and 24th May, leaders in policy, business and academia from around the world will converge in Kampala for Africa’s largest blockchain conference. Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate on “the role of blockchain technology in Africa’s transformation.” BLOCKCHAIN AFRICA Noteable supporters : Zcash: A decentralized and open-source cryptocurrency that provides strong privacy protections . IBM: International Business Machines. The largest Computer Company in the world. Binance : A high volume top Chinese based popular Cryptocurrency Exchange. Special Guest: H. [&hellip;]
- [SEC NIGERIA TALKING ABOUT START-UPS IN NIGERIA](https://diutocoinnews.com/2018/05/sec-nigeria-on-start-ups-in-nigeria/): SEC NIGERIA TALKING ABOUT START-UPS IN NIGERIA. The Securities and Exchange Commission of Nigeria. (SEC) is working towards setting up a Regulatory Sandbox that will offer a ‘safe space’ for start-ups. They can test innovative products, services, business models and delivery mechanisms relating to the capital market in a live environment. And without immediately satisfying all the necessary regulatory requirements. If you are a business or individual (registered or planning to register with SEC) that plans to launch such innovation— you are requested to fill the questions contained in this form to enable the SEC provide guidance to the tester on [&hellip;]
- [BLOCKACHAIN NIGERIA CONFERENCE](https://diutocoinnews.com/2018/05/blockachain-nigeria-conference/): BLOCKCHAIN NIGERIA GROUP. The Blockchain Nigeria User Group (BNUG) has been the voice of Blockchain and Cryptocurrency Technology in Nigeria since 2016. We speak for an industry that aims to touch the daily lives of Nigerians in every corner of the country — by providing business, jobs, career opportunities, and by investing in the communities we serve. Blockchain Nigeria User Group is a not-for-profit, industry-funded association representing one of the fastest growing industries on the planet. VISION Championing Blockchain Technology Education, Development, Adoption in Nigeria and across Africa MISSION To advance, promote and protect the interests of our members through effective [&hellip;]
- [STREAMR AND NOKIA PARTNERSHIP](https://diutocoinnews.com/2018/05/streamr-and-nokia-partnership/): Streamr is a blockchain-based data platform situated in Zug, Switzerland. Streamr data Marketplace was launched on May 16, 2018, during a presentation at Consensus 2018. BITCOIN MAGAZINE The Streamr Marketplace connects data producers and consumers through a web-based application where data consumers can pay for access to real-time data streams listed by data providers. For example, a recent partnership between Streamr and Hewlett Packard Enterprise will allow vehicle data to be monetized in real-time. Vehicles generate data that is usable to third parties — it might be used to gauge traffic through a geographic region, or to fine-tune traffic signals, or [&hellip;]
- [TRON MAINNET LAUNCH](https://diutocoinnews.com/2018/05/tron-mainnet-launch/): JUSTIN SUN : $TRON FOUNDER, Graduate of Hupan University founded by Jack Ma of Alibaba.com. May is a super exciting month for TRON. TronVM v.0.1 will be launched on May 25. This version of TronVM uses a VM Adapter that will enable complete compatibility with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON. Stay tuned for a reward program for Ethereum developers who migrate to our platform. According to TRON FOUNDATION. Mainnet (v. Odyssey 2.0) will be launched as planned on May 31. This version has undergone [&hellip;]
- [EOS MAINNET LAUNCH](https://diutocoinnews.com/2018/05/eos-mainnet-launch/): EOS Mainnet Launch. What is EOS: Ethereum Operating System(EOS) was developed by Block.one, which comes with Dan Larimer, who previously invented Bitshares and co-founded Steemit. EOS is an ethereum based token which interacts with the Ethereum Blockchain with the main aim of solving scalability issue of ethereum which helps in faster confirmation of transactions. It creates a developer-friendly atmosphere for the creation of fast decentralized ethereum based applications(DApp) The mainnet is launching June 2, and the anticipation surrounding this event has played a key role in driving the recent gains in the cryptocurrency, according to analysts. “Crypto enthusiasts from all over the globe [&hellip;]
- [CIVIC SECURE INDENTITY](https://diutocoinnews.com/2018/05/civic-secure-indentity/): WHAT IS CIVIC TOKEN: SECURE IDENTITY ECOSYSTEM It&#8217;s an ethereum based token (ERC20) that was built with the aim of ensuring the safety and secure verification of IDs to aid and ensure Validity of Identities using Blockchain Technology. It was founded by Vinny Lingham in 2017. http://www.bitcoinmagazine.com Blockchain identity verification platform Civic has emerged from Consensus 2018 with clear progress and updates for its identity attestation technology. The project imagines a network of validators and service providers who work together to verify individual identities. A new platform user would submit relevant identity information to a validation smart contract, which the validator [&hellip;]
- [NEO BLOCKACHAIN  ATTACK](https://diutocoinnews.com/2018/05/neosmartcontract/): NEO BLOCKACHAIN &#8211; An Open Network For Smart Economy Is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a &#8220;smart economy&#8221; with a distributed network. NEO was founded in 2014 and was real-time open source on GitHub in June 2015. NEO Global Development (NGD) recently discovered a storage injection vulnerability in the code of some NEP-5 smart contracts. NEO Global Development (NGD), together with Red4Sec, state the following: The vulnerability exists within the smart contract code of some dApps. The NEO [&hellip;]
- [Telegram Releases TON Node Software And Explorer.](https://diutocoinnews.com/2019/09/telegram-releases-ton-node-software-and-explorer/): Telegram Releases TON Node Software And Explorer. The encrypted instant messaging service Telegram has released the Telegram Open Network (TON) testnet explorer and node software. Telegram released its Open Network testnet explorer and node software on its website on 6th September, 2019. This is already  two months ahead of its planned launch of the Gram digital currency.  As Diutocoinnews reported on May. 30. The file contains a smart contract file which can be installed and configured for smart contract deployment.&nbsp; Aside the test client available, developers can install the configuration file which when connected to a server can create new smart [&hellip;]
- [NCC Nigeria Approves Spectrum For The Trial Of 5G Network.](https://diutocoinnews.com/2019/08/ncc-nigeria-approves-spectrum-for-the-trial-of-5g-network/): The National Communications Communication has approved Spectrum for the trial of 5G Network.
- [CBN intervenes at the Retail Market with 280.04m US Dollars And 28.3m CNY](https://diutocoinnews.com/2019/08/cbn-intervenes-at-the-retail-market-with-280-04m-us-dollars-and-28-3m-cny/): The Retail Secondary Market Intervention Sales (SMIS) received a boost of 280.04 million dollars and 28.3 million Chinese Yuan from the Central Bank of Nigeria (CBN) reports Guardian.ng The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Friday. &#8220;CBN also injected CNY 28.3 million in the spot and short tenured forwards segment of the inter-bank foreign market,&#8221; he said. He further stated that its the latest interventions in the inter-bank foreign exchange market. The market needed interventions in the agricultural and raw materials sectors as well as Renminbi-denominated Letters of Credit as [&hellip;]
- [Hitachi Vantara To Organize Data Analytics Insight Forum For Nigeria Businesses](https://diutocoinnews.com/2019/08/hitachi-vantara-to-organize-data-analytics-insight-forum-for-nigeria-businesses/): Hitachi Vantara will be organising a data analytics insight forum. The DATA Company hopes to gather Nigerian business and technology leaders in Nigeria to enhance their knowledge on data maximisation. The event tagged Hitachi Forum, holds next week Tuesday at the Transcorp Hilton, Abuja, the event will engage various organizations in the public and private institutions reports Vanguard News. The event will engage its participants on how to become more effective at leveraging data and analytics to power their business models—which is part of the movement for data analytics absorption by companies to enhance business growth by Hitachi. &#8220;The event will [&hellip;]
- [eTranzact To Utilize Blockchain Technology To Improve Banking Services.](https://diutocoinnews.com/2019/08/etranzact-to-utilize-blockchain-technology-to-improve-banking-services/): eTranzact International Plc, seeks to utilize Blockchain Technology to reduce customer cost and improve data security for its customers. eTranzact is a pioneer company in money transfer operating in Nigeria, Ghana, Kenya, Zimbabwe, Cote d’Ivoire, and UK. According to the Guardian Newspaper reports, the Deputy Managing Director, eTranzact, Hakeem Adeniji-Adele, said the company is already negotiating possible means of integrating Blockchain Technology into its platform notwithstanding that the Central Bank of Nigeria (CBN) is still negative towards Blockchain Tech adoption. He also said; &#8220;Blockchain is cloud enabled. Cloud has opened up our borders. CBN is discussing borderless payment right now with [&hellip;]
- [Brave Browser Launches Brave Ads On Android App Rewarding Users With BAT.](https://diutocoinnews.com/2019/07/brave-browser-launches-brave-ads-on-android-app-rewarding-users-with-bat/): Privacy-protection Brave Ads now launched on Brave Android browser, rewarding users with BAT. Barely two months after launching the first advertising platform built on privacy for its desktop users. Brave equally launched same on its Android App making it the first privacy browser to reward users on Android.&nbsp; The update was rolled out on Google Play Store on July 9, 2019. Users who opt in to viewing privacy-preserving ads are rewarded with 70% of the ad revenue share in Basic Attention Tokens (BAT).&nbsp; How It Works: When a user opts into Brave Rewards (click on the triangle at the right of [&hellip;]
- [Cybercrime: A Threat To The Society.](https://diutocoinnews.com/2019/07/cybercrime-a-threat-to-the-society/): Cybercrime is an emerging serious threat to our society today. Worldwide governments, police departments and intelligence units have started to react. This is so because crime is the direct opposite of development. It leaves a negative social and economic consequence. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cybercrime can be seen as any unlawful act committed on the internet using the computer as either a tool or a targeted victim. All cybercrime involve both the computer and the person behind it as victims. When the individual is the main target of cybercrime, the computer can be considered as the tool rather than the target. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;One of the most [&hellip;]
- [Things You Must Know About Libra Cryptocurrency. The Facebook New Cryptocurrency.](https://diutocoinnews.com/2019/07/things-you-must-know-about-libra-cryptocurrency-the-facebook-new-cryptocurrency/): Libra Cryptocurrency dubbed Facebook cryptocurrency is set to launch mid 2020 after the whitepaper was released in June 2019. Many financial institutions has taken a negative stance towards Libra development. Some notable financial institutions around the world has spoken on its negative effects towards the financial institutions. The US government has ordered Facebook to halt any further development of its cryptocurrency. The US government pointed out risks of the further development and future use of Libra Cryptocurrency. DISADVANTAGES Facebook cryptocurrency will open its billions of users to privacy bridge and financial data bridge. The use of this digital money will expose [&hellip;]
- [Why Bitcoin As A Ransom](https://diutocoinnews.com/2019/07/why-bitcoin-as-a-ransom/):       Lately, the global interest in bitcoins has grown. So, it becomes extremely important to understand the basics of bitcoin and other virtual currencies. Bitcoin, and its alternatives are all based on cryptographic algorithms which are encrypted. This makes the currency decentralized giving ownership to the user. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These can be purchased through an online exchange or a Bitcoin ATM. Landmark feature of a bitcoin is that it can curb the chances of fraud and identity theft and hence is considered a safe mode of holding money. Bitcoin allows buying and selling of goods and services online, as well as transferring money.       The [&hellip;]
- [Weekly On Crypto And Cyber Crimes: Cyber Crime Must Not Race Ahead.](https://diutocoinnews.com/2019/06/weekly-on-crypto-and-cyber-crimes-cyber-crime-must-not-race-ahead/): Weekly on Crypto: Recently, the rate of cyber crimes is rapidly increasing. Day in day out, headlines about the latest cybercrime dominate the news agenda. Previously In Weekly On Crypto: Criminals continue to target high profile organizations and individuals at the scale and show no signs of slowing down. Ranging from personal data consuming theft, to financial information leakage, to copyright materials these attacks occur regularly and time is against us as criminals need as little as nine minutes to use data posted to the dark web. Today, hacking is where money is. There are a lot of talented and creative [&hellip;]
- [What Is The Facebook's New Cryptocurrency Called Libra Cryptocurrency.](https://diutocoinnews.com/2019/06/what-is-the-facebooks-new-cryptocurrency-called-libra-cryptocurrency/): Libra cryptocurrency is the new Facebook digital money dubbed Libra which was announced on Tuesday June 18 by Facebook. The Facebook new cryptocurrency &#8216;Libra&#8217; was created to &#8220;enable a single global currency and financial infrastructure that empowers billions of people&#8221;. It will help users send and receive money on WhatsApp, Facebook Messenger and Instagram. The Mechanism Behind Libra (How Libra Works): Each time a user cashes in a dollar or their respective local currency, that money goes into the Libra Reserve and an equivalent value of Libra is minted and sent to that person&#8217;s Libra wallet. If someone cashes out from [&hellip;]
- [Binance.com To Restricts US Citizens, Announcing Binance US Launch](https://diutocoinnews.com/2019/06/binance-restricts-us-citizens-and-announced-binance-us-launch/): Binance US—Binance.com To Restricts US Citizens, Announcing Binance US Launch. The world&#8217;s biggest digital money trade will change its modes of administrations to its clients. It had declared that it will limit access to US natives exchanging on its trades. It had declared its matching up with BAM Trading Services. BAM is FinCEN enrolled and has connections to Koi Compliance making the exchange compliant to the law. It won&#8217;t permit identification holders to join its worldwide administration. This is in understanding to the organization&#8217;s refreshed terms and conditions. Clients from this region have only 90 days after which they won&#8217;t be [&hellip;]
- [Hacker Moves $6 million Stolen Funds From Binance.](https://diutocoinnews.com/2019/06/hacker-moves-6-million-stolen-funds-from-binance/): Binance hackers are moving once more, part the stolen assets. Confirm, affirmed the move of assets from the binance hacker address. From Coinfirm&#8217;s report, the hackers moved 1,060.64474480 BTC or $6,148,122.40 in various events lessening its number in various events. On June 12, 2019, the hacker moved over $6 million from this bitcoin wallet, bc1q2rdpyt&#8230;.., to bc1qcgwn2nv&#8230; with the accepting wallet gathering together to an aggregate of $8,398,707.00. Coinfirm&#8217;s CEO, Grant Blaisdell, composed: The attack was conducted using diversified techniques including viruses and phishing. According to Binance, stolen funds constituted approximately 2 percent of total BTC holdings of the exchange. In [&hellip;]
- [A 42 Year Old Trader Kills Himself After Losing 2000 Bitcoin In A Single Trade](https://diutocoinnews.com/2019/06/a-42-year-old-trader-kills-himself-after-losing-2000-bitcoin-in-a-single-trade/): According to a Chinese crypto news outlet 8btc, a 42 year old trader took his life after he lost 2,000 bitcoins in a single trade. He lost to the market with a 100x leverage on margin trade. The 42-year-old trader, who was also one of the founders of BTC.TOP is not a new trader on cryptocurrency. It was unexpected of him to take his own life after losing his money. He had lost 2000 bitcoins worth 16,233,280 dollars at $8116.64 at press time. BTC.TOP is a data analysis center in China and a service provider on other crypto related activities. He [&hellip;]
- [Coinroom Crypto Exchange Ceases Operation And Disappears With Customer Funds.](https://diutocoinnews.com/2019/06/coinroom-crypto-exchange-ceases-operation-and-disappears-with-customer-funds/): Polish cryptocurrency exchange Coinroom shuts down operations, and disappears with customer funds, reports money.pl on May 31. Some customers had reported loss of funds due to the disappearance of the exchange. Money.pl received an email from one of its subscribers. The subscriber reports that Coinroom had suddenly ceased operations and disappeared w it there customer funds since April. Prior to its shut down, Money.pl reports that Coinroom had sent emails to its customers, containing information about contract terminations. Users had only one day to withdraw their money, which was in accordance with Coinroom regulations signed by users. However, some users claimed [&hellip;]
- [Block.One Announces Launch Of Voice Social Media App , A Viable Competitor To Twitter.](https://diutocoinnews.com/2019/06/block-one-announces-launch-of-voice-social-media-app-a-viable-competitor-to-twitter/): Block.One launches Voice a decentralized social media platform to mark EOS first year anniversary. Block.one announced the launch of Voice during the B1 June event in Washington DC. The social media platform Voice will be a big competitor to twitter social media. Speaking at the event Dan Larimer pointed out reasons behind the launch of Voice. “Social media has not been a good friend to us. From data theft to misinformation, to rampart cyber-bullying, the costs are just all too real. Social giants are scrambling to make things right by their users by professing new sets of values seemingly overnight promising [&hellip;]
- [Cryptocurrency Exchange Bitfinex Shuts Down Withdrawals And Deposits.](https://diutocoinnews.com/2019/05/cryptocurrency-exchange-bitfinex-shuts-down-withdrawals-and-deposits/): Cryptocurrency exchange Bitfinex has temporarily shut down withdrawals and deposits service, as per the tweet this day May 31. The tweet reads “due to the outrage of one of our network providers, we temporarily stopped deposits and withdrawals. Funds are safe in cold storage. Situation should be restored ASAP (ETA 3/4h). Apologies for the inconvenience”. Bitfinex CTO Paolo Ardoino also posted links to the exchange’s hot wallets, in order to ensure that the trust of the community is maintained. He assured them that there are no outgoing funds and that user funds were secure. Some community members who are followers of [&hellip;]
- [Telegram Just Released The TON Blockchain Test Client With Smart Contracts Fift On Github.](https://diutocoinnews.com/2019/05/telegram-just-released-the-ton-blockchain-test-client-with-smart-contracts-fift-on-github/): The Russian giant encrypted messaging app Telegram, officially released the test client version of its Telegram Open Network (TON). According to the file released on test.ton.org. The newly released files is available for download. The file is an archive file contenting a preliminary version of the TON Blockchain Network Lite Client. The file is in form of a readme file with a simplified stable version of the test client for developers. A GitHub user reportedly uploaded the released version of the test client. The readme file uploaded on Github can be seamlessly configured which can be connected to a full node [&hellip;]
- [Central Bank Of Bahamas Is Set To Start The Development Of The Country's First Fiat Digital Currency](https://diutocoinnews.com/2019/05/central-bank-of-bahamas-is-set-to-start-the-development-of-the-countrys-first-fiat-digital-currency/): The Central Bank of The Bahamas (CBOB) will move into an agreement with NZIA.io to develop the first national fiat digital currency on May 30 reports Nassau Guardian on May 29. The CBOB will move into an official agreement with the executives of NZIA.io. The agreement is aimed towards developing the first fiat digital currency of the country. This was dubbed Project Sand Dollar to be signed tomorrow May 30. The Bahamian Central Bank CBOB announced NZIA.io as the preferred technology solutions provider in early March 2019. It later included the Singapore software firm Zynesis in the design and implement of [&hellip;]
- [Central Bank Of Egypt Set To Ban Cryptocurrency And Encrypted Currency Trading Without Legal License](https://diutocoinnews.com/2019/05/central-bank-of-egypt-set-to-ban-cryptocurrency-and-encrypted-currency-trading-without-legal-license/): Central Bank of Egypt (CBE) creates a new law banning the promotion or operation of platforms for issuing or trading encrypted currency or cryptocurrency without obtaining the needed legal licenses from authorities, reported Egypt Independent. The draft bills grants the CBE to issue guidelines governing the trading and dealing on encrypted currency and cryptocurrency according to a statement from MENA news agency on Tuesday. The new draft hinged on the importance of financial technology. It focuses on putting up guidelines in other to protect the banking industry towards the adoption of the modern technologies in the provision of banking and financial [&hellip;]
- [Facebook In Talk With Coinbase To Launch It's Own Cryptocurrency.](https://diutocoinnews.com/2019/05/facebook-in-talks-with-coinbase-to-launch-its-own-cryptocurrency/): The social media giant Facebook reportedly in talk with the United States based Cryptocurrency Exchange Coinbase to develop it&#8217;s Cryptocurrency. As was reported by Financial Times about the Facebook’s “Globalcoin” project. Facebook has discussed the initiative with major crypto exchange and wallet Coinbase. The report also notes that Facebook reportedly spoke with the Gemini exchange, which was founded by the Winklevoss twins, the well-known rivals of Facebook CEO Mark Zuckerberg. Including Chicago&#8217;s leading high-frequency trading platform Jump and DRW, FT reports. According to unknown sources, Facebook had been in negotiations with major crypto-related firms in order to ensure that its upcoming [&hellip;]
- [Bitcoin is coming back strong: latest prices and predictions](https://diutocoinnews.com/2019/05/bitcoin-is-coming-back-strong-latest-prices-and-predictions-2/): Bitcoin had a pretty interesting 2018. It all started with an incredible rise in December 2017 where it reached a high of $19,000. Soon after that, it dipped to a low of just above $3000. For the rest of 2018, Bitcoin maintained a low range and the cryptocurrency market as a whole experienced several false starts. Now that we are in 2019, Bitcoin is coming back strong, and since the beginning of the year, the coin has recorded 100% growth. As of yesterday, May 15th, Bitcoin had managed a gain of 2%, and by the end of the day, BTC/USD was [&hellip;]
- [Tron CEO Justin Sun Finally Redeems The Tesla Car Reward In $TRX worth $28,000 To The Twitter Contest Winners.](https://diutocoinnews.com/2019/05/tron-ceo-justin-sun-finally-redeems-the-tesla-car-reward-in-trx-worth-28000-to-the-twitter-contest-winners/): The controversial cryptocurrency influencer and marketer, Justin Sun finally delivers his promise of Tesla Motors to the winners of his twitter contest through Tron Token worth $28,000 each. The controversial influencer and marketer, who is also the CEO of Tron Foundation. Announced the giveaway of Tesla car and a giveaway of $20 million to 88 participants. This was intended to boost the twitter accounts of Tron, Bittorrent and Justin Sun and also celebrate the success of Tron. The task set to qualify for the prize is simple. All interested participants should use follow and retweet the tweet from Justin Sun. Since [&hellip;]
- [Bitcoin Bull Run: Bitcoin Rises Above $7460 And Still Rising](https://diutocoinnews.com/2019/05/bitcoin-bull-run-bitcoin-rises-above-7460-and-still-rising/): Bitcoin reaches an all time high of $7470 since 2019 at press release. The cryptocurrency market turned a big green after a long bear market since 2019. Bitcoin Price went up with a 43 percent increase since April 2019. The bitcoin price dominates the market with 56.8 percent dominance. The total market capitalization of bitcoin rose above $100 billion for the first time since 2019. Other notable cryptocurrencies that had a significant increase includes; ETH at 11.14 percent, BCH at 24.56 percent and LTC at 15.56 percent increase at press release. Following the binance hack last week that saw the loss [&hellip;]
- [Weekly On Diutocoinnews : Cryptocurrency And Cyber Crimes In Nigeria : Popular Ponzi And Cryto Crimes In 2019.](https://diutocoinnews.com/2019/05/weekly-on-diutocoinnews-cryptocurrency-and-cyber-crimes-in-nigeria-popular-ponzi-and-cryto-crimes-in-2019/): Changed from Cryptocurrency And Tech Crimes to Cryptocurrency And Cyber Crimes The popularity of quick money making schemes is on increase in the country. We have recorded not enough Cryptocurrency And Cyber Crimes in Nigeria since 2019. The use of cryptocurrency in the country is no doubt a very popular development. It is mostly popular among adults from ages of 21 &#8211; 40 years. Nigerians account for over 50% usage in cryptocurrency in Africa. The Tech sector in Nigeria is no doubt making remarkable strides in technology field around the world. Notable Cyber Crimes include the recent arrest of two notherns [&hellip;]
- [Coinbase Reportedly Shuts Down It's Chicago Matching Engine](https://diutocoinnews.com/2019/04/coinbase-reportedly-shuts-down-its-chicago-matching-engine/): Coinbase , one of the top cryptocurrency exchanges in the world recently shuts down it&#8217;s cryptocurrency exchange office in Chicago reports Fortune. In May 2018, Coinbase opened an office in Chicago as part of its plan to expand its trading products and increase it&#8217;s finance expertise. Not up to a year after its launch in Chicago, the company is shutting down disengaging approximately 30 engineers. In a statement issued on Tuesday, Coinbase said it would shut down the office and scale back plans to build a new “matching engine” product aimed at high-frequency trading. “We have made the difficult decision to [&hellip;]
- [Award Winning Tennis Player Serena Jameka Williams Invests In Coinbase.](https://diutocoinnews.com/2019/04/award-winning-tennis-player-serena-jameka-williams-invests-in-coinbase/): World Famous Tennis Player, Serena Jameka Williams revealed in an instagram post dated April,2019 that she had invested in over 30 companies worldwide since 2014. Serena Williams revealed she had invested in over 30 companies worldwide including coinbase through her business brand Serena Ventures . “I launched Serena Ventures with the mission of giving opportunities to founders across an array of industries. Serena Ventures invests in companies that embrace diverse leadership, individual empowerment, creativity and opportunity.” According to the official website of Serena Ventures, the market cap of the portfolio is over $12 billion. The diversity of the founders of the [&hellip;]
- [Western Union Partnering With Coins.ph To Make Funds Transfer Convenient For Filipinos.](https://diutocoinnews.com/2019/04/western-union-partnering-with-coins-ph-to-make-funds-transfer-convenient-for-filipinos/): Philippines based Blockchain powered remittance platform Coins.ph is set to partner with western union to ease the transfer of money for Philippines. According to a press release from Western Union. Coins.ph will be partnering with Western Union to ease the transfer of funds for Philippines working outside the country. Coin.ph utilizes the blockchain technology to run its money remittance platform. The collaboration will help it&#8217;s user to receive western union money transfers into their wallet for withdrawal and use. Coins.ph has Know Your Client verification process enabled on its platform. This will ensure that users are not involved in illegal transactions [&hellip;]
- [EFCC Is Set To Investigate Paxful NG Over $60,000 Loss And Nigerians Account Deactivation.](https://diutocoinnews.com/2019/04/efcc-is-set-to-investigate-paxful-ng-over-60000-loss-and-nigerians-account-deactivation/): The Economic and Financial Crimes Commission of Nigeria —organisation incharge of tracking down fraudulent activities in the country is set to investigate Paxful NG. According a petition by United Global Resolve for Peace, a Non-Governmental Organisation. The accounts of many Nigerians trading on Paxful had been deactivated and the funds in it trapped. UGRP Executive Director, Shalom Olaseni had signed a petition in correspondence to the allegations noting that illegal actions were taken despite the fact that accounts were fraudulent free. The petition reads— “A few days ago, our organisation was approached by some Nigerians who complained bitterly that Paxful Incorporated, [&hellip;]
- [FACEBOOK TO BUILD DECENTRALIZED ID SYSTEM FOR USERS AND DEVELOPERS.](https://diutocoinnews.com/2019/04/facebook-to-build-decentralized-id-system-fir-users-abd-developers/): Mark Zuckerberg the CEO of Facebook, the largest social media platform discloses the company&#8217;s intentions to build a Decentralized ID system for users. Facebook intends to utilize blockchain technology as an alternative for the popular in app integration —Facebook Connect for both users and developers. This will create an alternative to users and developers to utilize the decentralized technology to store users data and make it available only at users disposal. In view of this Zuckerberg said “You basically take your information, you store it on some decentralized system and you have the choice of whether to log in on different [&hellip;]
- [Bay Area Startup, Ripple Donates $25 Million To San Francisco State University.](https://diutocoinnews.com/2019/04/bay-area-startup-ripple-donates-25-million-to-san-francisco-state-university/): Bay Area Startup, Ripple Donates $25 Million To San Francisco State University. Chris Larsen, the co-founder The San Francisco based Blockchain Company Ripple Network donates $25 million in XRP to a university in California reports SF State News. Chris Larsen and his wife Lyna Lam donated $25 million in XRP to San Francisco State University’s (SFSU) College of Business. The donation came through Ripplesworks, a non-profit foundation launched in 2015 by Doug Galen and Chris Larsen. Rippleworks aims at supporting promising start-ups around the globe through cryptocurrency. The donation is the largest donation made in digital currency to a university in [&hellip;]
- [TRON Network Rises To Over 2.3 Million Users Over The Week.](https://diutocoinnews.com/2019/04/tron-network-rises-to-over-2-3-million-users-over-week/): KOTRON Network Rises To Over 2.3 Million Users Over The Week. TRON is one of the most successful cryptocurrency projects out there. Tron was founded by Justin Sun a graduate of Hupan University, founded by Jack Ma. It aims to build the future of a truly decentralized internet and free content entertainment system utilizing blockchain technology. The coin protocol enables developers to create smart contracts and decentralized applications, freely publish, own, and store data and other content. Its takes the eleventh position on coinmarketcap with a $1.82 billion market cap. It also trades around $0.02… with a strong support level. It [&hellip;]
- [Can Facebook And Whatsapp Take Over The Decentralization Era With Its Large User Based Platform.](https://diutocoinnews.com/2019/04/can-facebook-and-whatsapp-take-over-the-decentralization-era-with-its-large-user-based-platform/): Facebook is the most popular social media platform. The highest user based social platform since 2003. Founded as by Mark Zuckerberg and his team as FaceMash in 2003 and then Thefacebook in 2004. Facebook worth $104 billion till date. Facebook and whatsapp has launched many new features since 2018. Notable Among These Features Include ; Whatsapp In YouTube Video View, New Stickers/Custom Stickers. (which is common to telegram) Whatsapp Unified Currency Facebook Publisher Program etc Experts claim these features are geared towards putting facebook up the radar in the new decentralization era. Notable among these features is the publishers incentives towards [&hellip;]
- [SEC Released Its Cryptocurrency Issuance And Participation Guildlines](https://diutocoinnews.com/2019/04/sec-released-its-cryptocurrency-issuance-and-participation-guildlines/): The U.S. Securities and Exchange Commission (SEC) released a new regulatory guideline for token issuers. According to the document— there exists guidelines on how and when these cryptocurrencies may fall under securities classifications. The document focused more on token issuers guildline and investors participation. SEC Director of Corporation Finance William Hinman, first revealed that SEC is working on a new guidance for crypto tokens last November. Other members of the securities agency, including FinHub head Valerie Szczepanik and Commissioner Hester Peirce, have repeatedly said that SEC staff was working on the securities document. The aim of the guidance is to protect [&hellip;]
- [10 Days To The BlockTech Women Conference To Be Held In Lagos Nigeria.](https://diutocoinnews.com/2019/04/10-days-to-the-blocktech-women-conference-to-be-held-in-lagos-nigeria/): The Blockchain and Cryptocurrency Industry in Nigeria is gaining more adoption and growth. Many cryptocurrency activities geared towards empowering more user base is at its pick in the region. Different organizations and groups, organise programs to help in a positive adoption of cryptocurrency. Blockchain African Ladies is a prominent non-profit organisation that helps in supporting women involvement in Blockchain. A Nigeria non-profit organisation empowering women to grow financially and otherwise towards Blockchain adoption. Blockchain African Ladies will be holding a worldwide conference dubbed—BlockTech Women Conference. The conference is scheduled to hold on April 12 2019 at Virgin Rose Resorts, Plot 1231a [&hellip;]
- [LUMEOS APP TO LAUNCH  PHASE TWO OF ITS ROADMAP IN APRIL.](https://diutocoinnews.com/2019/03/lumeos-app-to-launch-phase-two-of-its-roadmap-in-april/): Overview : Lumeos App is a social network app built on top of EOS. Lumeos focuses on securing users privacy and secure monetization of personal information. This is achieved using patent-pending encryption algorithms. Users can share their personal data with others on the platform either for free or in exchange for LUME tokens. Lumeos plans to launch on its second phase — embedding of pool data, partnerships program, inclusion of new advisors and staking of Lumeos using Chintai. Lumeos also plans to introduce referral program, incentiving users for using and referring people on the platform. This is a concept dubbed Proof [&hellip;]
- [Cryptocurrency Exchange Bithumb Got Hacked.](https://diutocoinnews.com/2019/03/cryptocurrency-exchange-bithumb-got-hacked/): Bithumb one of the top cryptocurrency exchanges in Korea reportedly gets hacked according to a report from Bithumb. An usual withdrawal activity was detected by Bithumb at exactly 10:15pm on March 29 2019. During which an EOS account name—ifguz3chmamg had withdrawn over 3 million EOS. According to a tweet by crypto users— Davey Wan. As at 9:40AM (SGT time) on 29/03/2019. The hacker account ifguz3chmamg was created at accountcreat. The hack lasted for barely 15 hours from around 9:40AM to 11 PM. An estimated amount of over $12 million worth of EOS was stolen. Bithumb had freezed all exchange accounts as [&hellip;]
- [Jifem Releases New Track!](https://diutocoinnews.com/2019/03/jifem-releases-new-track/): Jifem the uprising star from the Eastern part of the country recently released a cover. The track was initially released by Dr Did under Marvins Record with the name — We Up. Jifem took the mic a gave it a nice mash-up alongside Valenjoe. The cover titled—BAD was produced by Chibyske an upcoming producer from the east. Talks about youth lifestyles and prays for grace for a greener pastures.
- [18 Year Old Japanese Hacker Arrested For $134,000 Theft.](https://diutocoinnews.com/2019/03/18-year-old-japanese-hacker-arrested-for-134000-theft/): An 18 years old Japanese boy was arrested yesterday by Japan Police for allegedly stealing cryptocurrency monacoin worth $134,000 reports Japan times. The boy is from the city of Utsunomiya, Tochigi Prefecture. Name undisclosed because he is a minor. The culprit allegedly stole the coins after hacking Monappy between 14th August and 1st September 2018. Monappy is a website where users can keep and transfer the virtual currency monacoin. He was able to hack into the website using a software called Tor. With Tor it was difficult for the website owners to identify who is accessing the system. He used the [&hellip;]
- [Former Mt.Gox CEO Karpeles Found Guilty Of Tampering With Records.](https://diutocoinnews.com/2019/03/former-mt-gox-ceo-karpeles-found-guilty-of-tampering-with-records/): Karpeles the former CEO of Mt.Gox Exchange was found guilty of manipulating the financial records of the Mt. Gox exchange. But served with a suspended jail term reports Bloomberg. Tokyo District Court notes that Karpeles was found guilty of tampering with the company financial records alongside his own personal affairs. However he was released on the grounds that he acted with no ill intent. Because there was no evidence to the charge against him. He was suspended for 2 1/2 years which he won&#8217;t serve until he is found guilt of another violations within the next four years. The 33 year [&hellip;]
- [Bittrex Recently Calls Off It's Historic RAID Initial Exchange Offering.](https://diutocoinnews.com/2019/03/bittrex-recently-calls-off-its-historic-raid-initial-exchange-offering/): One of the top world&#8217;s cryptocurrency exchange Bittrex, recently cancelled Raid Public Sales. Tagged Raid Initial Exchange Offering (IEO). Bittrex called off the history public sales scheduled to hold on 15th March 2019 few mins ago. Bittrex took to its twitter handle to call off the much anticipated Initial Exchange Offering setting the Crypto Exchange&#8217;s Customers in stale mood. The Public Sales was previously announced by Bittrex on 12th March 2019 which brought many enthusiastic sleeping crypto traders alive. It was tagged the Bittrex History Initial Exchange Sales and it&#8217;s the first IEO to go live on Bittrex. The sales was [&hellip;]
- [Ruling Party Of Russia Federation, United Russia To Use Blockchain Technology For Elections.](https://diutocoinnews.com/2019/03/ruling-party-of-russia-federation-russia-united-to-use-blockchain-technology-for-elections/): The ruling party of the Russian Federation. The United Russia Party has reportedly updated their website with e-voting functionality for the party&#8217;s election primaries. The United Russia party will be using the e-voting functionality integrated with Blockchain Technology to foster transparency and fraud free elections primaries said Vyacheslav Sateyev. Vyacheslav Sateyev the head of IT department of the party also notes that: &#8220;Candidates will be able to fill in their personal details on pages on this site, including posting news, videos, photos, distributing their pages. The personal account is now integrated with all social networks. We have also made an adaptive [&hellip;]
- [Beware Of Fake Emails; Central Bank Of Nigeria Warns The Public.](https://diutocoinnews.com/2019/02/beware-of-fake-emails-central-bank-of-nigeria-warns-the-public/): The Deputy Governor Central Bank Of Nigeria Mr Lametek Adamu has called on the attention of the public regarding issues arising from fake email addresses sending out mail and requesting deals in the name of the Deputy Governor. According to the report issued by the nation&#8217;s bank through Mr Isaac Okorafor, Director Corporate Affairs. The public has been advised to be on alert and disregard any email not coming from the official site of the bank. All email according to the report should must end with @cbn.gov.ng. Any email not ending with @cbn.gov.ng should be avoided. Any person not following these [&hellip;]
- [Google : Nigerian Naira Gains Over 60% Against Dollar](https://diutocoinnews.com/2019/02/google-nigerian-naira-gains-over-60-against-dollar/): The cryptocurrency market went wondering as the price of NAIRA went down to 184 NAIRA per 1 USD from a previous price of 357 Naira per USD. This information was gathered from Google yesterday&#8217;s night prior to the presidential election of Nigeria. The buzz have been that it&#8217;s a political action in support of the present government. Moreover, The Central Bank of Nigeria sold the greenback to bureau de change (BDC) operators at N357 per dollar on Friday. Recent data from the central bank’s official website supports this figure. Musa Ibrahim, a BDC operator, who spoke to TheCable from Lagos Island, [&hellip;]
- [Skye Bank : Minister Of Finance Urges CBN And NDIC To Prosecute Defaulting Directors.](https://diutocoinnews.com/2019/02/skye-bank-minister-of-finance-urges-cbn-and-ndic-to-prosecute-defaulting-directors/): In a statement issued by the Head, Communication and Public Affairs of the NDIC, Mr Mohammed Ibrahim, on Friday in Abuja. The Minister of Finance, Mrs Zainab Ahmed, urged the Central Bank Of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) to apply due diligence and legal procedures in investigation and prosecution of directors that led to the collapse of the defunct Skye bank. Moreover, the minister expressed concern about the situations of non-performing loans in the banking industry. She said the proper scrutiny and error-checks will help to stabilize the dilapidating banking industry. Stressing on the need to bring to [&hellip;]
- [JPMorgan Chase To Launch JPM Coin.](https://diutocoinnews.com/2019/02/jpm-coin-to-launch/): Umar Farooq, the leader of JPM&#8217;s Blockchain Focus talking on Blockchain technology&#8217;s benefit to the banks reported by CNBC, he said : “Anything that currently exists in the world, and as that moves onto the blockchain, this would be the payment leg for that transaction,” Remember in mid-2017 Jamin Dimon the CEO of JP Morgan said that bitcoin is a fraud. Later in 2018 he refuted his statements saying that bitcoin is no fraud. Now in 2019, comes the JPM Coin. JPM Coin primary objective is go speed up transactions which currently takes days to go through as per international transactions. [&hellip;]
- [Naira Appreciates to ₦358 In The Parallel Market](https://diutocoinnews.com/2019/02/naira-appreciates-to-%e2%82%a6358-in-the-parallel-market/): The Dollar To Naira Exchange Market For Investors And Exports Appreciates. Data from FMDQ showed that the naira to dollar exchange rate for the Investors And Exports window dropped to N361.72 per dollar yesterday from N362.58 per dollar on Friday resulting to 86 kobo appreciation of the naira. The appreciation been the result of 21 percent decline in volume of dollars traded. Dollar Market fell to $348.48 million yesterday from $441.38 million on Friday. The naira however remained stable at N358 per dollar in the parallel market.
- [ECOWAS To Launch A Unified Currency For The Region In 2020.](https://diutocoinnews.com/2019/02/ecowas-to-launch-a-unified-currency-for-the-region-in-2020/): From the information gathered at the ECOWAS headquarters in Abuja. Every details for the launch of the unified currency for the region by the sub-regional body’s Macroeconomic Policy and Economic Research Department is being strengthened. Under the current arrangement, all monetary authorities in West Africa are to be unified by an economic convergence plan with a single currency slated to launch 2020. A top ECOWAS official, who wishes to remain anonymous, said:” Since the establishment of the Presidential Task Force, comprising four Heads of State, namely presidents of Niger (chair); Ghana, Cote D’ Ivoire and Nigeria, significant (improvements) have been made. [&hellip;]
- [NITDA To Releases New Regulations And Guildlines For The IT Sector Including Blockchain And Cloud Computing In Nigeria](https://diutocoinnews.com/2019/01/nitda-to-releases-new-regulations-and-guildlines-for-the-it-sector-including-blockchain-and-cloud-computing-in-nigeria/): The National Information Technology Development Agency, NITDA released five new regulatory instruments to ensure a well regulated and organized best practice for efficient development of Information Technology sector in Nigeria. The new guidelines includes: The Rule Making Process Regulation of NITDA; The Nigerian Data Protection Regulation; Guideline for It Clearance; Guidelines for Public Internet Access and Framework for Use of Social Media in Public Institutions. The Director General of the agency, Dr. Isa Ibrahim Pantami during the event on Friday said; the new guidelines will help NITDA to regulate the use of Information Technology and operations of social media in public [&hellip;]
- [The State Of Cryptocurrency Regulations In African Countries  And The World.](https://diutocoinnews.com/2019/01/the-state-of-cryptocurrency-regulations-in-african-countries-and-the-world/):   REGULATED IN SOUTH AFRICA. South Africa, the second largest economy in Africa previously in 2015 released straight no statement on Cryptocurrency activities in the country. But as of Jan 2019, the Intergovernmental Fintech Working Group comprised of members from the Treasury and the South Africa Reserve Bank (SARB) released the country&#8217;s consultation papers on the regulatory frameworks for cryptocurrencies. The papers states: “under the new proposed laws, all cryptocurrency asset trading platform, custodial service provider, and payment service provider must register with the IFWG and comply with AML/CFT provisions of the Financial Intelligence Centre Act. That would include cryptocurrency exchanges, bitcoin ATMs, [&hellip;]
- [Can Blockchain Job Opportunities  Save Nigeria's Foreign Direct Investments Decline. From $3.5 billion — $2.2 billion.](https://diutocoinnews.com/2019/01/can-blockchain-job-opportunities-help-nigerias-foreign-direct-investments-decline-from-3-5-billion-2-2-billion/): Nigeria’s Foreign Direct Investment (FDI) fell by 36 per cent to $ 2.2 billion in 2018 from $3.5 billion in 2017 as was disclosed by The United Nations Conference on Trade and Development (UNCTAD). The Continent has experienced an increase in the Foreign Direct Investments (FDI) with a 6.0 percent growth in 2018 as against 2017. UNCTAD disclosed intangible Global Investment Monitor Trends that the FDI increased from $38 billion in 2017 to $40 billion in 2018 while Nigeria had a big drawback in her FDI. The UNCTAD report stated: “Global FDI fell by 19 per cent in 2018, to an [&hellip;]
- [Italian Government Released An Amendment To The Blockchain Industry Regulations.](https://diutocoinnews.com/2019/01/italian-government-released-an-amendment-to-the-blockchain-industry-regulations/): The government of Italy on Jan 24th released an amendment to the Blockchain Industry Regulations. The amendment, known as the “Decreto semplificazioni,” was approved by the Senate committees of Constitutional Affairs and Public Works on Jan. 23. This is reportedly the first regulatory move in the blockchain space by the Italian government. The amendment regulatory documents provides basic industry terms such as distributed ledger technology (DLT)- as distributed registers based technologies and smart Contracts definitions which is to be based on distributed registers and to be complaint with the Agency of Digital Italy set rules, according to the publicly available document [&hellip;]
- [Monetary Policy Rate, Cash Reserve Ratio  And Liquidity Ratio Retention Amidst Nigeria's Staggering Economy.](https://diutocoinnews.com/2019/01/monetary-policy-rate-cash-reserve-ratio-and-liquidity-ratio-retention-amidst-nigerias-staggering-economy/): Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., said; the retention of the Monetary Policy Rate (MPR), the Cash Reserve Ratio (CRR) and the liquidity ratio were expected as a result of the rise in inflation rate. Kurfi said that the many factors not excluding the planned minimum wage elevation and election spending had made the Central Bank Of Nigeria (CBN) to maintain the rates. He enjoined the apex bank to strengthen her policies and strategies to ensure stability of the economy in this time of crisis and economic drawback. Moreso, Mr Ambrose Omordion, the Chief Operating Officer, [&hellip;]
- [Central Bank Of Nigeria Stipulates Fitness Standards For Fit And Unfit Banknotes Circulation.](https://diutocoinnews.com/2019/01/central-bank-of-nigeria-stipulates-fitness-standards-for-fit-and-unfit-banknotes-circulation/): The Central Bank Of Nigeria has warned the nation’s banks against recirculation of unfit bank notes, saying that it would impose stringent penalties on any bank that goes against the stipulated standards. The CBN made this public in the Banknotes guidelines issued yesterday alongside Clean Notes Policy. The documents were signed by Deputy Governor Operations, CBN, Folashodun Shonubi and Director Currency Operations Department Mrs. Priscilla E. Eleje. The guidelines described fit and unfit bank notes and also stated the Quality Standard for Nigerian bank notes. The guidelines states: “A banknote that is suitable for continued circulation and is sufficiently clean to [&hellip;]
- [Telegram Set To Launch Her Open Network (TON)  Early 2019.](https://diutocoinnews.com/2019/01/telegram-set-to-launch-her-open-network-ton-early-2019/): Telegram; one of the top 10 messaging apps worldwide plans to launch her Telegram Open Network (TON) early March 2019. As was gathered from Cointelegrah. The 200+ million users messaging app which had her ICO for the proposed launch of an Open Network based on Blockchain Technology had generated over $1.7billion during her Private Sales last year. The project is aimed to function as a platform for exchange of data which will be powered by the platform native cryptocurrency GRAM. CEO of Telegram Messaging App, Pavel Durov had disclosed to Telegram that the platform will launch on early March 2019 though [&hellip;]
- [NAIRA Dollar Exchange Rate Depreciates To ₦362.42](https://diutocoinnews.com/2019/01/naira-dollar-exchange-rate-depreciates-to-%e2%82%a6362-42/): The NAIRA dollar exchange rate depreciated to ₦362.42 at the time of right following the DATA from FMDQ. FMDQ showed that the exchange rate for the window rose to N362.58 per dollar on Wednesday from N362.42 per dollar on Tuesday, translating to 16 kobo depreciation of the naira. The volume of dollars traded on Naira Cryptocurrency Exchanges on Wednesday decreased marginally by 73 percent to $91 million from $334.34 million traded on Tuesday. Moreover, there was a fall in naira parallel market according to naijabdcs.com on Wednesday. From the trading exchange rate platform of the Association of Bureaux De Change Operators [&hellip;]
- [Government Of South Africa Releases Her Cryptocurrency Regulatory Papers](https://diutocoinnews.com/2019/01/government-of-south-africa-releases-her-cryptocurrency-regulatory-papers/): The South Africa Reserve Bank (SARB) has released her Cryptocurrency Regulatory Framework. The Regulations were stricter than expected. Previously it was Kenya, now South Africa. The Government made known to the public her regulations in other to foster Cryptocurrency Adoption in Africa being the second largest economy in Africa after Nigeria. According to the consultation papers, under the new proposed laws, all cryptocurrency asset trading platform, custodial service provider, and payment service provider must register with the IFWG and comply with AML/CFT provisions of the Financial Intelligence Centre Act. That would include cryptocurrency exchanges, bitcoin ATMs, and trading centres. The consultation [&hellip;]
- [Kenya: National Police Service To Migrate Personal Records To Digital Platform.](https://diutocoinnews.com/2019/01/kenya-national-police-service-to-migrate-personal-records-to-digital-platform/): The National Police Service is launching the digitizated process of the National Police Service  systems and procedures on Monday at an event to be presided over by Interior Cabinet Secretary Fred Matiang’i. Inspector General of police Joseph Boinnet said they will be moving all the body personnel records to a digital platform.  The body will then digitize the Occurance Book as well as all other accompanying crime management systems. “We shall also digitize all our administrative procedures and systems,” he said on Wednesday. Commenting on the progress. He said that the new process will enhance real-time reporting of crimes and encourage [&hellip;]
- [Africa Union To Present for adoption, guidelines on the design, production, and issuance of the African passport On February 2019](https://diutocoinnews.com/2019/01/africa-union-to-present-for-adoption-guidelines-on-the-design-production-and-issuance-of-the-african-passport-on-february-2019/): According to the African Union Press Release dated 31 December 2018. The African Union has announced that it will present for adoption, guidelines on the design, production, and issuance of the African passport during its 32nd summit that will be held in Addis Ababa on February. The Pan-African passport was launched in July 2016 during the 27th African Union Summit held in Kigali, Rwanda. The proposal for the common passport is to grant Africans visa-free access to all African countries. There has been some difficulties identified in free movement around the continent. Some of the difficulties include: High cost of travel [&hellip;]
- [Ethereum Classic Blockchain Experiences 51% Hack Attack. Up To £400,000 Hijacked](https://diutocoinnews.com/2019/01/ethereum-classic-blockchain-experiences-51-hack-attack-up-to-400000-hijacked/): Unknown hackers may have successfully hijacked the Ethereum Classic blockchain through a rare so-called &#8220;51% attack&#8220;. Cryptocurrency exchanges including Coinbase have frozen trading of the token amid fears that the exceptionally rare blockchain attack has been executed. According to Coinbase, the reorganisation of the blockchain has led to the attacker taking control of tokens worth almost £400,000 Dr Patrick McCorry, assistant professor of computer science at King&#8217;s College London, told Sky News it was important to distinguish Ethereum &#8211; the second-largest cryptocurrency behind Bitcoin &#8211; and Ethereum Classic, which is in the top 20 and split from Ethereum in 2015. &#8220;The [&hellip;]
- [Jumia To Partner With Telcoin To Utilize Blockchain Technology](https://diutocoinnews.com/2019/01/jumia-to-partner-with-telcoin-to-utilize-blockchain-technology/): The partnership was born out of a need to increase the quality of goods and services purchased on Jumia’s platform. The e-commerce company with presence in over 15 African countries is seeking to leverage the opportunities abounding in blockchain technology to deliver efficient services to customers. The duo will be kick-starting with a partnership that will commence in Nigeria. The West African country seems to be a hub for e-commerce and the partnership will help Jumia add value to its cross-border transactions. Ms Lee-Ann Cassie, the Head of Africa for Telcoin explained that the firm would be working to increase the [&hellip;]
- [Interswitch To Partner With Microsoft Azure Blockchain Services To Offer Interswitch Blockchain Services.](https://diutocoinnews.com/2019/01/interswitch-to-partner-with-microsoft-azure-blockchain-services-to-offer-interswitch-blockchain-services/): The Interswitch Blockchain Service (Supply Chain Finance Module), built and hosted using the Microsoft Azure Blockchain technology, provides a proven security, compliance and scalable cloud platform that accelerates and supports the next generation of blockchain applications. Group Managing Director and Chief Executive Officer, Interswitch, Mitchell Elegbe, said, “In our 15 years of operation, we have experienced the bottle necks associated with the existing corporate-based financing infrastructure in Nigeria. This is why we are happy to partner with Microsoft, by leveraging the advanced technology of the Microsoft Azure Blockchain, to prove the possibility of building a distributed ledger that is practical, viable [&hellip;]
- [Bitcoin Exchange HitBTC Freezes Customers’ Accounts Ahead of Proof of Keys Event.](https://diutocoinnews.com/2019/01/bitcoin-exchange-hitbtc-freezes-customers-accounts-ahead-of-proof-of-keys-event/): On December 31, 2018, the company responded to an open complaint on Reddit after the user accused them of suspending his withdrawal requests. Redditor PEDXS said that he had dutifully passed the know-your-customer test after waiting six months to access his HitBTC trading account. He confirmed that while he had withdrawn a large portion of his money already, he had still left some of it back in his public address for day trading. “After months of sending 40 plus emails, HitBTC finally unfroze my account,” PEDXS said in his complaint. “I immediately withdrew most of my funds but left a small [&hellip;]
- [Token Exchange To Enable The Trading Of Nasdaq Listed Companies In Crypto Tokens Form](https://diutocoinnews.com/2019/01/token-exchange-to-enable-the-trading-of-nasdaq-listed-companies-in-crypto-tokens-form/): Nasdaq-powered crypto startup plans to enable its clients indirectly purchase shares of major firms through a token-based platform. Estonia-based DX.Exchange announced on Thursday that it would launch its trading platform on Jan. 7, allowing its clients to purchase Crypto Tokens representing shares in different tech firms listed on the Nasdaq exchange. Customers will be able to use select cryptocurrencies, as well as fiat currencies to purchase the tokens. The company plans to use Nasdaq’s matching engine to facilitate the trading of digital securities, as well as protect her clients against market manipulation. DX.Exchange customers will not be purchasing ownership of shares [&hellip;]
- [Capital Markets Authority, Kenya Puts A Cautionary Statement On Kenicoin](https://diutocoinnews.com/2019/01/capital-markets-authority-puts-a-cautionary-statement-on-kenicoin/): The Capital Markets Authority has issued a cautionary statement through her twitter handle concerning Kenicoin and her concluded Initial Coin Offering And Coin Trading Exchange. Kenicoinexchange. The coin is popular in rural Kenya and had gained much recognition among residents and Crypto Traders in Kenya. According to the CMA statement, there are “noted discrepancies in the information provided in the website www.kenicoin.com and the information given to the authority during interviews of Wiseman Talent Ventures leadership in relation to the total number of Kenicoin sold and the total number of funds raised.” WiseMan Talent Ventures, the company behind the ICO, is [&hellip;]
- [CBN Governor Of Nigeria, Emefiele Talks About Cryptocurrency Regulations In Nigeria.](https://diutocoinnews.com/2018/12/cbn-governor-of-nigeria-emefiele-talks-about-cryptocurrency-regulations-in-nigeria/): Emefiele’s warning is coming on the heels of increasing transactions in cryptocurrencies in Nigeria. Data from LocalBitcoins, a Bitcoin start-up company, showed that Nigeria came second in the world’s peer-to-peer (P2P) Bitcoin transactions last year outpacing major European countries, the United Kingdom and the United States of America. Emefiele however warned that: “Cryptocurrency or bitcoin is like a gamble, and there is a need for everybody to be very careful. We cannot as a Central Bank give support to situations where people risk savings to ‘gamble’. Cryptocurrencies are not issued or backed by any bank or government, nor are individual digital [&hellip;]
- [Cryptocurrency Trade Will Boost The Nigeria Economy Says Experts.](https://diutocoinnews.com/2018/12/cryptocurrency-will-burst-trade-in-the-nigeria-economy-says-experts/): Cryptocurrency, the digital currency that uses cryptography to validate and secure transactions, is seen as the surest way to enhance trade and commerce in Nigeria, Africa and beyond, according experts views during a cryptocurrency forum organized by Luno in Lagos recently. When we talk about worldwide crypto adoption, one of the most untapped places in the world is Africa. Nigerian blockchain experts have called for greater regulation of cryptocurrency on the African continent to strengthen the sector in the region and to help boost the economy. Nigerian Blockchain Experts at Luno Meet At the recent Luno Meet in Nigeria titled “Building [&hellip;]
- [ECOWAS Gives Update On A Unified Single Currency For The Region](https://diutocoinnews.com/2018/12/ecowas-gives-update-on-a-unified-single-currency-for-the-region/): Chairman of the ECOWAS Council of Ministers, Mr Geoffrey Onyeama says achieving the ECOWAS Single Currency by 2020 will be a challenge. Onyeama said this while responding to questions from newsmen at the end of the 54th Ordinary Session of the ECOWAS of Heads of State and Government in Abuja on Saturday. The chairman, who is Nigeria’s Foreign Affairs Minister, said that there were certain criteria that needed to be fulfilled for a region to achieve single currency, and which were not yet fully addressed. “There is a roadmap, the convergence criteria that have to be satisfied before we can really [&hellip;]
- [Akwa Ibom: Ibom Airline The First State Owned Airline To Launch With Blockchain Technology](https://diutocoinnews.com/2018/12/akwa-ibom-ibom-airline-the-first-state-owned-airline-to-launch-with-blockchain-technology/): Diutocoinnews reports that Akwa Ibom state is launching the first state owned airline with three modern aircraft. The fuel efficient CRJ900 series each of which can seat 78 to 90 passengers. The aircrafts will be arriving Nigeria on or before christmas. The State governor has announced that the Ibom Air will lunch scheduled commercial passenger services before the end of 2018. Akwa Ibom state government also expressed her interest in using Blockchain Technology to make her services more efficient. It&#8217;s currently the only state owned airport with a category 2 runway in Nigeria. The airport runway is capable of handling the [&hellip;]
- [VCTrade of SBI Holdings Japan To Cub Money Laundering In Cryptocurrency Using Designated Wallets.](https://diutocoinnews.com/2018/12/vctrade-of-sbi-holdings-japan-to-cub-money-laundering-in-cryptocurrency-using-designated-wallets/): The exchange which was launched in July is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained in a Press Release that cryptocurrency withdrawals will not be available until late January 2019, and will be limited to a hardware wallet that the company refers to as “designated wallet.” As per gathered from, Cointelegrah the ability to only use one specific wallet, according to the announcement, is to “link the address pertaining to the customer,” thus ensuring adequate implementation of Anti-Money Laundering and Counter-Terrorist Financing measures on the exchange. SBI Holdings, according to its website, [&hellip;]
- [Whatsapp Social Media To Launch A Unified Global Single Currency For Her Platform.](https://diutocoinnews.com/2018/12/whatsapp-social-media-to-launch-a-unified-global-single-currency-for-her-platform/): As per the news gathered from Tekedia written by Ekekwe Ndubisi This is a game changer; it implements that agnostic special single currency for Africa at global level. By developing a proprietary stablecoin with local flavors, Facebook will mirror local economies and currencies, and in the process makes it easier for merchants to price products based on the coins since they are directly linked to the values of the local currencies. For example, one Facebook Stablecoin-NG could equal 10 Nigerian Naira; that reduces ambiguity and makes the conversion localized. It is possible very soon we will see a crypto linked to [&hellip;]
- [Vostok Project, A Part Of Waves Platform Ecosystem Secures $120 Million From Private And Institutional Investors.](https://diutocoinnews.com/2018/12/vostok-project-a-part-of-waves-platform-ecosystem-secures-120-million-from-private-and-institutional-investors/): The Vostok project, a part of Waves ecosystem focused on implementation of Waves technologies in enterprise and government IT-systems, has secured a USD120 million funding round from private and institutional investors. As per the news update from Waves Blog Waves &amp; Vostok Interaction Waves Platform was founded on the principle that blockchain is a technology of and for the people. And while the reach of our project has expanded to cater to a wider category of users, we have never lost sight of this — we continue to view blockchain as a driver of change. Blockchain technology, specifically, has become more adaptable for [&hellip;]
- [International Monetary Funds Economists Antoine and Vikram on Cryptocurrencies and Digital Economies.](https://diutocoinnews.com/2018/12/international-monetary-funds-economists-antoine-and-vikram-on-cryptocurrencies-and-digital-economies/): Antoine Bouveret and Vikram Haksar Economists and part of the Policy Strategy and Review Department of International Monetary Fund (IMF) on Cryptocurrencies and Digital Economies. Despite the hype, cryptocurrencies still don’t fulfill the basic functions of money as a store of value, means of exchange, and unit of account. Because their value is highly volatile, they have little use so far as a unit of account or a store of value. Limited acceptance for payment restricts their use as a medium of exchange. Unlike with fiat money, the cost of producing many cryptocurrencies is high, reflecting the large amount of energy [&hellip;]
- [Pan African AI company, UTU, secures DEEPCORE’s participation  in Seed Round led by æternity Ventures](https://diutocoinnews.com/2018/12/pan-african-ai-company-utu-secures-deepcores-participation-in-seed-round-led-by-aeternity-ventures/): Nairobi Kenya, December 20, 2018: UTU Technologies Limited (http://utu.io) announces an investment from DEEPCORE TOKYO I Investment Limited Partnership (“DCT-1”), managed by DEEPCORE Inc. (“DEEPCORE”), a Tokyo based incubator and VC focused on advancing artificial intelligence. DCT-1 joins UTU’s previously announced seed round along with æternity Ventures, the lead investor of this round and the venture arm of æternity Blockchain with participation by Zeroth AI, which operates Asia’s first accelerator program targeted at AI and machine learning startups. The æternity Ventures team is also excited about working with UTU. æternity Ventures CEO Nikola Stojanow noted, “UTU has tremendous potential to disrupt [&hellip;]
- [University Of Nigeria Nsukka. Yuletide Security Update.](https://diutocoinnews.com/2018/12/university-of-nigeria-nsukka-yuletide-security-update/): Security of the University Staff are paramount during the Yuletide period as well as that of the students staying at the school premises during this period. It&#8217;s a common phenomenon that it&#8217;s usually during this time that most Cyber Criminals in the institution tend to operate. And as such the University has taken to ensuring the safety of her occupants during this period against all sorts of crime. Especially the issue of breaking through the school Information Technology Building and manipulating the data in the school ICT building. To: University Community Attention: University Students SECURITY MEASURES: CENSUS OF OCCUPANTS OF BOYS [&hellip;]
- [Western Union Expressing Her Interest In Integrating Cryptocurrency And Blockchain Into Her Services](https://diutocoinnews.com/2018/12/western-union-expressing-her-interest-in-integrating-cryptocurrency-and-blockchain-into-her-services/): As was gathered from Yahoo Finance American based financial service providers, Western Union is finally ready for cryptocurrencies. In a video interview with Reuters Plus, Western Union President Odilon Almeida said the company has been evaluating the use of cryptocurrency. Western Union is also exploring how they can improve their service delivery using blockchain technology. Western Union is interested in adopting cryptocurrencies as an option for users to exchange for fiat currencies. However, Almeida said the move would only see the light of day if it connects with a global audience. Almeida also touched on some of the limitations of cryptocurrencies [&hellip;]
- [BAL ANNOUNCES HOST OF ITS PREMIER BLOCKTECH WOMEN CONFERENCE #BWC19 IN LAGOS NIGERIA](https://diutocoinnews.com/2018/12/bal-announces-host-of-its-premier-blocktech-women-conference-bwc19-in-lagos-nigeria/): Blockchain African Ladies is hosting the first ever Female Blockchain Conference at Nigeria&#8217;s Lagos Sheraton Hotel come April 2019. The Conference which is open for all is however focused on Women in Africa. BAL (http://www.blockchainladies.africa) is a nonprofit educational organization that offers free education on Blockchain technology to African women via conferences, workshops and webinars. According to the BAL press release dated December 17th, 2018, BAL founder, Ojuederie Doris said that the BlockTech Women Conference (http://www.event.blockchainladies.africa) which is titled &#8220;The Looming Financial Revolution: An Engine for Social Tranquil&#8221; will feature 80% of renowned African &amp; Foreign female blockchain experts as speakers. [&hellip;]
- [Turtlenetwork Testing Her Web Wallet Extension : Turtleshell.](https://diutocoinnews.com/2018/12/turtlenetwork-testing-her-web-wallet-extension-turtleshell/): The community driven Blockchain platform Turtlenetwork plans on launching a web wallet extension called Turtle shell.&nbsp; As per the update from the  BlackTurtle Blog https://www.blackturtle.eu/2018/12/18/blackturtle-weekly-insights-18-12-2018/. The Turtle Shell Web Browser Extension will be something similar to Waves Keeper and Metamask. The Wallet Browser Extension according to the update is on the testing phase. Yet to be made public. More details will be unfolded as we gather more updates. 
- [BINANCE DEX ALMOST READY FOR LAUNCH.](https://diutocoinnews.com/2018/12/binance-dex-almost-ready-for-launch/): The Binance DEX is almost ready for use as per the report from the Binance Platform Social Media https://medium.com/binanceexchange/watch-our-new-binance-dex-sneak-peek-8b942cc733d2 . The Platform announced the availability of a video of  the sneak view of the Binance DEX on their YouTube Channel.  The new decentralized exchange has many features including : Send and receive BNB to anyone on the DEX.Issue new tokens.Send tokens to others on the DEX, and receive some in return.Burn tokens as needed.Freeze some tokens, and unfreeze them later.Propose new trading pairs, with the whole community having a say on the merits of the pairing.Send buy and sell orders through trading [&hellip;]
- [New Track - Jifem //Ghetto Nigga](https://diutocoinnews.com/2018/12/new-track-jifem-ghetto-nigga/): Jifem the unusual Cryptocurrency Fan promoted by Startstrucks Entertainment and not under Startstrucks Entertainment. Jifem has turned the mic on again. His new hit track Ghetto Nigga is rocking every street. He expresses his interest and concern about his fellow street hustlers working for a per day. And wishes them well and success. [easy_media_download url=&#8221;https://diutocoinnews.com/wp-content/uploads/2018/12/Jifem-Ghetto-Nigga-Diutocoinnews.com_.ng‰-audio.mp3&#8243; text=&#8221;Download Now&#8221; force_dl=&#8221;1&#8243;]
- [Multi-player Signature Account Explained.](https://diutocoinnews.com/2018/11/multi-player-signature-account-explained/): Multi-signature Accounts, as the name goes is a multiple signature or approval for one account. This simply means a feature where more than one person&#8217;s approval is required to process a transaction. Multi-signature accounts is beneficial to the Securityof the account and also beneficial to companies managing funds together. In this type of account, no transaction will be valid without the approval of all the account attached to it. This feature helps to secure one&#8217;s account in cases of hack. When multi-signature account is hacked. Transaction won&#8217;t go out of the account. Reason is because multiple other accounts involved in the [&hellip;]
- [Scam Alert: Uphold Bitcoin Black Friday 15% Off Bitcoin Price.](https://diutocoinnews.com/2018/11/scam-alert-uphold-bitcoin-black-friday-15-off-bitcoin-price/): In view of the Black Friday coming tomorrow. Many scammers have started rolling put from their den. Different phishing message alerts promoting crypto users to do one or two tasks to get discounts on bitcoin price have been on increase. Many Platforms has started sending out messages to her users to avoid these SCAMMERS&#8217; strategies. Latest of it all was the Uphold Scam Bitcoin Black Friday Alert to Uphold Account Users. The email headline reads; “The surprise is out! For the upcoming days until Black Friday, we are launching our Bitcoin Bucket Discount ! Get 15% back on your Bitcoin holdings [&hellip;]
- [Atiku Abubakar Reveals His Intentions To Legalize Cryptocurrencies In Nigeria.](https://diutocoinnews.com/2018/11/atiku-abubakar-reveals-his-intentions-to-legalize-cryptocurrencies-in-nigeria/): The cryptocurrency community in Nigeria is so excited to receive the recent Policy Document of Atiku, the formal Vice President Of Nigeria and a Presidential Candidate of PDP for the 2019 Presidential Election. The community of cryptopreneurs are excited on the new development and wishes it to get better and be implemented. Atiku’s campaign policy document tagged ‘Get Nigeria Working Again’ was released by his Presidential Campaign Organization. He identifies the need for the creation of “a Legal Policy On Blockchain Technology And Cryptocurrencies.” Nigeria is one of the top users of cryptocurrencies in Africa, with the west African country ranking [&hellip;]
- [Blockchain Task-force Report Is Ready, says Michael Onuyango.](https://diutocoinnews.com/2018/11/blockchain-task-force-report-is-ready-says-michael-onuyango/): Kenya is ready for blockchain adoption. The speedy policies and strategies being implemented to speed up the blockchain adoption is fast. Michael Onyango a member of the Blockchain Task-force Kenya said that it&#8217;s organisation&#8217;s report is ready. As per the update gathered from Localbitcoins reporter Bitcoinke. After months of waiting, the Blockchain and AI Taskforce, instituted early this year, has completed the report and is ready to be handed over to the cabinet Secretary, ICT, Joe Mucheru, before it is released to the public. Speaking during a blockchain awareness event organized by Belfrics Kenya at JKUAT, Michael Onyango, a member of [&hellip;]
- [How To Make Money With Bitcoin](https://diutocoinnews.com/2018/11/how-to-make-money-with-bitcoin/): The world is evolving and Blockchain Technology is taking over. The new mode of payment aside fiat which is cryptocurrency is gaining wide adoption. Bitcoin is a digital money or currency that is used for online transactions leaving no trace of the sender or receiver&#8217;s identity. That is the beauty of Blockchain Technology. Anonymous Transactions. Bitcoin has made some people reach. The base currency of all cryptocurrency BTC can be used to make money either as a part time or full time worker. It&#8217;s use cases abound which can be used to generate streams of income. The known strategies includes: Pay [&hellip;]
- [Why You Must Invest In Blockchain](https://diutocoinnews.com/2018/11/why-you-must-invest-in-blockchain/): Why you must invest in Blockchain . It&#8217;s not a compelling issue but an issue worthy of consideration. There was once an era of agriculture, then there came an era of information technology and now is the era of what I may call autonomous technology. The approach of Blockchain technology is targeted towards the individual autonomy and sovereignty. There has been issued of data privacy bridge. Where individuals feel their personal life is tampered upon. The approach of Blockchain Technology aims to resolve this issue and make the internet an autonomous arena for every individual user. This is the new technology [&hellip;]
- [Why Blockchain Adoption May Literally Fail In Nigeria, Africa.](https://diutocoinnews.com/2018/11/why-blockchain-adoption-may-literally-fail-in-nigeria-africa/): Many cryptocurrency activities have been evolving around Nigeria. Many individuals seem to be reluctant to the new technology and means of exchange which can help reduce the rate of poverty in the country. Nigeria has a very big population that can put it through the Cryptocurrency Market towards a better live for her citizens. It&#8217;s time we look into opportunities that can help alleviate poverty rate in the country. The country has over 197 million poplulation which is equivalent to 2.57 percent of the world&#8217;s population. With over 51.9% of the population residing in urban areas and the median age of [&hellip;]
- [MTN LAUNCHES 3G SMARTPHONE AT $20 -$25 PER MOBILE.](https://diutocoinnews.com/2018/11/mtn-launches-3g-smartphone-at-20-25-per-mobile/): The first 3G Feature Smartphone aimed at giving a cheap option to the emerging market. This time costing about $20-$25 per mobile was launched by MTN, Africa’s largest cellular operator, in a partnership with China Mobile, chipmaker Unisoc and feature phone operating system KaiOS. Calling it “the world’s first 3G smart feature phone,” MTN CEO Rob Shuter said the device will beginning selling in the first quarter of next year in Nigeria and South Africa first, which are its biggest markets. MTN has 225,4-million subscribers in 21 countries in Africa and the Middle East. Shuter said it is a “wonderful bridge [&hellip;]
- [A PEEK INSIDE BLOCKCHAIN](https://diutocoinnews.com/2018/11/a-peek-inside-blockchain/): WHAT IS BLOCKCHAIN It is a shared distributed ledger that exits in various computer network at the same time. LIFE EXAMPLES ?Record your sales and purchase of raw materials on the blockchain. ?Even your bank statement can be on the blockchain ?An excel tracking all hosiptal records. BOOK ANALOGY IMAGINE BLOCKCHAIN AS A BOOK Book = Blockchain Page = Blocks Entry in the book = Blockchain transactions. Why we say blockchain is tamperproof:. Using the Book Anology, Its easy to detect if a page/block has been removed or deleted. *Easy to arrange the pages or blocks to identify suspicious activities . [&hellip;]
- [How Blockchain Technology Is Different From Traditional Technology.](https://diutocoinnews.com/2018/11/how-blockchain-technology-is-different-from-traditional-technology/): 1. The problems of trust. You don&#8217;t need to trust the admin/owners to trust the data. Example : in a supply based centralized solution, how can you trust the raw material available in inventory without trusting the inventory manager? Technically you cant. The root admin or data owner who is tracking the inventory can easily tamper the records without any noticing. But this is not the case with blockchain based ledger. In blockchain the multiple nodes maintains all blockchain based ledgers. 2. Disintermediation You don&#8217;t need a mediator centralised admin or a trusted party to verify transactions. All records are verified [&hellip;]
- [Lumeos App The Social Media Game Changer In This 21st Century.](https://diutocoinnews.com/2018/11/lumeos-app-the-social-media-game-changer-in-this-21st-century/): PROBLEMS /ISSUES: In the world of social media. Facebook is the king while other social media platforms follow suit. The impact of social media to the world is unarguable because up to 80% of the teenagers spend 60% &#8211; 70% of their day on social media. Majority of the businesses use the social media platform to create awareness of their services and products. Equally schools, firms, hospitals and organizations use it as an avenue to stay connected to her community or customers. The impact of social media and it&#8217;s benefits is inevitable to the existence of many firms and organisation in [&hellip;]
- [ICO TUTORIALS](https://diutocoinnews.com/2018/11/ico-tutorials/): ICO We are living in the blessed digital era. First, we got a digital watch, then digital photo, digital TV, digital marketing and digital sex. The world was ready for digital currency and Bitcoin was born. So, no surprise that in a very short time digital stock has joined the party. ICO (Initial Coin Offering) is pretty close to the well-established IPO (Initial Public Offering) with two major differences: You are not going to own a share in a future company. It must be somehow connected to a blockchain Why will a startup company prefer ICO? The concept is relatively new, [&hellip;]
- [Review of Bitcoin Black Airdrop... Scam or Legit?](https://diutocoinnews.com/2018/11/review-of-bitcoin-black-airdrop-scam-or-legit/): Bitcoin Black Review will open your eye to many opportunities in Cryptocurrency. Airdrop hunters are mostly newbies in the Crypto Community hence most scam developers tend to take advantage of them by asking them about private key and redirecting them to phishing sites. This has induced doubt to the airdrop Community each time a new airdrop pops up. Review of Bitcoin Black, Scam or Legit?&nbsp; The Airdrop is not a scam project and could be categorized as the most powerful airdrop in 2018/2019. Opportunities like this comes once in every decade, have you ever imagined of holding around 50,000XRP? I know you [&hellip;]
- [WHAT IS DISTRIBUTED LEDGER TECHNOLOGY](https://diutocoinnews.com/2018/11/what-is-distributed-ledger-technology/): Distributed Ledger: What&#8217;s Distributed ? Ledgers, the foundation of accounting, are as ancient as writing and money. Their medium has been clay, wooden tally sticks (that were a fire hazard), stone, papyrus and paper. Once computers became normalized in the 1980s and &#8217;90s, paper records were digitized, often by manual data entry. These early digital ledgers mimicked the cataloguing and accounting of the paper-based world, and it could be said that digitization has been applied more to the logistics of paper documents rather than their creation. Paper-based institutions remain the backbone of our society: money, seals, written signatures, bills, certificates and [&hellip;]
- [WHAT IS ETHEREUM](https://diutocoinnews.com/2018/11/what-is-ethereum/): [wpcrypto_grid] What is Ethereum. First of all, Ethereum is a decentralized system, which means it is not controlled by any single governing entity. An absolute majority of online services, businesses and enterprises are built on a centralized system of governance. This methodology has been applied for centuries and has been seen to lack efficiency,but it&#8217;s still recommendable when the parties don&#8217;t show that they can trust themselves. A centralized approach means single-entity control, but it also means a single point of failure, which makes apps and online-servers utilizing this system extremely vulnerable to hacker attacks and even power outages. Moreover, most [&hellip;]
- [CRYPTOCURRENCY TUTORIALS](https://diutocoinnews.com/2018/11/cryptocurrency-tutorials/): What is Cryptocurrency. A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. History Then, in early 2009, an anonymous programmer or a group of programmers under an alias Satoshi Nakamoto introduced Bitcoin. Satoshi described it as a ‘peer-to-peer electronic cash system.’ It is completely decentralized, meaning there are no servers involved and no central [&hellip;]
- [BLOCKCHAIN TUTORIALS](https://diutocoinnews.com/2018/11/blockchain-tutorials/): BLOCKCHAIN What&#8217;s Blockchain ? Financial institutions have financed the disruption of countless industries over the last 30 years; they have an idea of what a revolutionary technology can do to static incumbents. So, to stay ahead of change, banks have been proactive in setting up R&#038;D labs, building test centers and establishing partnerships with blockchain developers to fully understand the revolutionary potential of the technology. Financial institutions were the first to dip their feet in, but academia, governments and consulting firms have also studied the technology. All of this work is, of course, in addition to what the entrepreneurs and developers [&hellip;]
- [Explained: What is Bitcoin](https://diutocoinnews.com/2018/11/bitcoin-tutorials/): What is Bitcoin? History and Characteristics. Bitcoin (BTC) is a digital currency. Bitcoin is a decentralized peer-to-peer network. No single institution or person controls it. Bitcoins can’t be printed and their amount is very limited – only 21 mln Bitcoins can ever be created. Who created Bitcoin? Bitcoin was developed by programmers under anonymous Satoshi Nakamoto. Nakamoto himself once claimed to be a 37-year-old male living in Japan. However, because of his perfect English and his software not being labeled in Japanese, there are reasonable doubts about this. Around mid-2010, Nakamoto moved on to other things, leaving Bitcoin in the hands [&hellip;]
- [Johannesburg And Cape Town To Host The 5th Edition Of Blockchain Africa Conference.](https://diutocoinnews.com/2018/11/johannesburg-and-cape-town-to-host-the-5th-edition-of-blockchain-africa-conference/): Blockchain Adoption is going tract in Africa and as such governments and organizations are planning on how to strategize and put together steps to ensure it&#8217;s smooth existence. So many start-ups has come to exist because of the existence of the new technology. Many individuals are exhibiting their capabilities in the sector in a way to utilize it and help in solving some human problems. In view of this, the Blockchain Africa Conference which was previously held in Microsoft&#8217;s office in Bryanston will be held in South Africa, in Johannesburg and Cape Town respectively. The conference will have some influential dignitaries [&hellip;]
- [Africa Fintech Summit To Hold In Lagos Nigeria.](https://diutocoinnews.com/2018/10/africa-fintech-summit-to-hold-in-lagos-nigeria/): The Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. The earlier edition was held in Washington D.C. which featured leading policymakers, business executives, government officials, start-ups, and investors. The Summit which is to be hosted by Dedalus Global aims at gathering innovators, investors, policy makers and other key stakeholders and personnel in the Fintech sector to deliberate on technologies beneficial to the financial sector of the continent. To initiate new ideas and policies that will help it to grow for better. While talking on idea behind bringing this event to Lagos, The [&hellip;]
- [Nigeria Blockchain Startup WiCrypt Gets Funding From Nigeria Communication Commission (NCC).  ﻿](https://diutocoinnews.com/2019/12/nigeria-blockchain-startup-wicrypt-gets-funding-from-nigeria-communication-commission-ncc/): Nigeria Communication Commission, NCC, recently released its final list of 25 technological innovators at a three-day Innovation Competition and Exhibition. A blockchain startup WiCrypt came second with a 2 million naira funding. The program is focused on supporting Innovation and Creativity in the telecommunication sector in Nigeria. Among the selected projects that emerged the top three best is a blockchain startup, WiCrypt.&nbsp; WiCrypt is a blockchain startup offering WiFi Hotspot Sharing services allowing suscribers to make money sharing their mobile data. The WiFi hotspot sharing service is powered by blockchain. How It Works: Users can register on the platform by downloading it&#8217;s [&hellip;]
- [Africa Blockchain Institute Opens New Blockchain School for Blockchain Tutorials in Rwanda.](https://diutocoinnews.com/2019/12/africa-blockchain-institute-opens-new-blockchain-school-for-blockchain-tutorials-in-rwanda/): Blockchain School is now open in Rwanda. Africa Blockchain Institute (ABI) has announced that it will open a new branch of its Blockchain school for blockchain tutorials in Rwanda by 2020.  This will be the first blockchain school to operate in Rwanda. ABI&#8217;s school is currently open in Ghana. The school focuses on blockchain tutorials and will be offering five courses in the school.  The five courses includes: blockchain essentials certification course, blockchain developers’ course, enterprise blockchain course, blockchain for lawyers and blockchain for impact. “Blockchain for lawyers is designed to introduce legal professionals from the lens of how smart contracts, [&hellip;]
- [[Weekly Crypto Overview]: Blockchain in Nigeria Gaining Adoption.](https://diutocoinnews.com/2019/12/weekly-crypto-overview-blockchain-in-nigeria-gaining-adoption/): This week in cryptocurrency and blockchain in Nigeria and Africa. We saw new developments like the cryptocurrency regulations in Nigeria. Also we saw more measures been created to fight crypto scam in Nigeria. Blockchain in Nigeria The deputy senate president of Nigeria talked about financial inclusion using the fourth industrial revolution. He encouraged the use of blockchain in Nigeria to foster bank payments and grow financial payments.&nbsp; He also encouraged the implementation if AI technology in Nigeria to foster development and accuracy in mobile payments.&nbsp; He notes that financial payments needs efficient technology to increase and process both online and offline [&hellip;]
- [The Scramble for the Number One Naira Stablecoin in Nigeria](https://diutocoinnews.com/2019/12/the-scramble-for-the-number-one-naira-stablecoin-in-nigeria/): Naira Stablecoin War — NSW A lot of questions arising on which stablecoin will be widely adopted in Nigeria. Let&#8217;s take a little discussion on the best two naira stablecoin we have in Nigeria currently.&nbsp; Since the increase in the regulatory activities going on in the country. Many international platforms have resort to issuing stablecoin in a bid to leverage the digital economy of the country.  It is quite obvious that Nigerians amount to over 50 percent of trades in the top two peer to peer Bitcoin trading platforms. Paxful and localbitcoin.com has a large portion of its trades in Africa [&hellip;]
- [You Can Now Earn Free 50 Wazirx Token Airdrop Aside 25 Wazirx Token Now By Following These Steps.](https://diutocoinnews.com/2019/12/you-can-now-earn-free-50-wazirx-token-airdrop-aside-25-wazirx-token-now-by-following-these-steps/): Wazirx announced the second phase of its wazirx token airdrop allowing Nigerians to sign up on the exchange and earn free 25 wazirx token.&nbsp; Previously, the exchange announced a free airdrop on Wazirx Exchange allowing new registered users to earn 100 wazirx tokens on sign up. The second phase of the wazirx token airdrop now will allow new users who sign up to earn 25 wazirx token. Nigerians can now make make money with wazirx token by participating in the wazirx token giveaway to be among early adopters of the biggest exchange in India. You can just sign up and verify [&hellip;]
- [Deputy Senate President of Nigeria Mentions AI and Blockchain Technology as One of the Fourth Industrial Revolution Needed in Nigeria.](https://diutocoinnews.com/2019/12/deputy-senate-president-of-nigeria-mentions-ai-and-blockchain-technology-as-one-of-the-fourth-industrial-revolution-needed-in-nigeria/): Deputy Senate President of Nigeria says AI and Blockchain technology is one of the big technologies needed for the fourth industrial revolution for the future of digital economy of Nigeria. He mentioned AI and Blockchain technology during a paper presentation at the just concluded Luncheon of the Government College Ughelli (GCU) Old Boys Association.&nbsp; Noteable guests present at the event includes: the host, Governor of Lagos State, Governor Olusola Babajide Sanwo-Olu and President of Dangote Group of Companies, Alhaji Aliko Dangote. Speaking on the sub topic: Technology, innovation and national development process in Nigeria. He said that current administration is putting [&hellip;]
- [Venezuela Breaks Record as the First Country in the World to do a Nationwide Cryptocurrency Giveaway For Qualified Citizens. ﻿](https://diutocoinnews.com/2019/12/venezuela-breaks-record-as-the-first-country-in-the-world-to-do-a-nationwide-cryptocurrency-giveaway-for-qualified-citizens-%ef%bb%bf/): According to a local news source El Universal, Venezuelan President Nicolas Maduro announces a nationwide cryptocurrency giveaway as a holiday bonus for public sector workers, retirees and the military.&nbsp; The cryptocurrency giveaway will be done through PetroApp, a state owned cryptocurrency payment platform for the citizens. Qualified citizens for the airdrop will receive a Petro Airdrop into their PetroApp on Friday Dec 20, 2019.&nbsp; To qualify for the Petro giveaway, eligible citizens will have to sign up to PetroApp, the only app supporting the oil-packed cryptocurrency.&nbsp; PetroApp helps the citizens to purchase goods and services from their phones, and also for [&hellip;]
- [Federal Government of Nigeria Looking to Digitize the Economy to Encourage IT Skills Acquisition](https://diutocoinnews.com/2019/12/federal-government-of-nigeria-looking-to-digitize-the-economy-to-encourage-it-skills-acquisition/): Minister of Information and Digital Economy, Dr Ali Pantami says that the federal government of Nigeria is looking to digitize the country&#8217;s economy into a knowledge-based economy. He maid the statement during the launching of an Information Technology and Innovation Centre by the National Informational Technology Development Agency (NITDA) at the University of Portharcourt (UNIPORT). Pantami notes that the facility, known as Information Technology Innovation and Incubation Park building would be used to nurtue ideas that will be applied to help the economy grow and achieve financial inclusion.&nbsp; &nbsp;“This policy was derived after we came up with the idea of establishing [&hellip;]
- [Four Countries in Africa Looking to Create Central Bank Digital Currency to Achieve Financial Inclusion.](https://diutocoinnews.com/2019/12/four-countries-in-africa-looking-to-create-central-bank-digital-currency-to-achieve-financial-inclusion/): In a bid to achieve financial inclusion in the government, some African countries are looking into creating Central Bank Digital Currency .  There is an increase in the growth of cryptocurency in Africa which has called for regulations due to increase in cryto scam. Moreso, there is need for achieving financial inclusion in Africa to fasten development. Moreover, there is an increase in the use of digital curencies, which calls for revolutionization of the fiat money. This calls for the digitalization of the fiat money to encourage adoption of cryptocurrency and at the same time maintain it&#8217;s value. So far, five [&hellip;]
- [A Joint Declaration On Crypto Scam and Ponzi Scheme in East Africa.](https://diutocoinnews.com/2019/12/a-joint-statement-on-crypto-scam-and-ponzi-scheme-in-east-africa/): Just in, the blockchain and cryptocurrency associations from East Africa puts out a joint statement on Cryptocurrencies and Ponzi Scheme in the region.&nbsp; The reason for the collaborative effort from East Africa is because of the increase in the number of crypto scam and ponzi scheme in the region. Popular crypto scam in the region includes dunamiscoin, bitclub ponzi scheme, one coin and many other ponzi schemes. The bad influence of this crypto scams is hindering cryptocurrency and blockchain adoption in the region.&nbsp; Four blockchain associations have come together to address the issue and they include: The Blockchain Association of Kenya [&hellip;]
- [Central Bank of Nigeria Introduces Panic Alert to Fight Cyber Attacks in the Digital Space.](https://diutocoinnews.com/2019/12/central-bank-of-nigeria-introduces-panic-alert-to-fight-cyber-attacks-in-the-digital-space/): There is an increase in crypto scam and other cyber crimes in Nigeria. Lose of funds through cyber attacks and cryptocurrency platforms steadily grow, leading to the introduction of Panic Alert.&nbsp; After the introduction of Siban Scam Alert by Siban to fight crypto scam in Nigeria, the Panic Alert was created to help the Nigeria government fight cyber crimes like crypto scams in Nigeria. Governor, CBN, Mr Godwin Emefiele disclosed the new developmemt during a press briefing at the end of the 11th annual Bankers Committee retreat held in Ogere, Ogun State. The Committee, after the briefing agreed to put in [&hellip;]
- [Weekly Crypto Overview: The popularity of Collateral Loan Coin Grows in Africa](https://diutocoinnews.com/2019/12/weekly-crypto-overview-the-popularity-collateral-loan-coin-grows-in-africa/): On this Weekly Crypto Overview on Cryptocurrency, there was a lot of news on collateral loan coin (stablecoin) projects, mostly collateralized stablecoin.&nbsp; Many platforms are creating it&#8217;s own collateral loan coins in a bid to have a share of the market. The new development saw the development of ABCD collateral loan coin (stablecoin) pegged on binance chain pegged 1:1 to Nigerian Naira. TikTok Collaborates with ThePaper.cn to integrate AI and Blockchian  TikTok The owner of TikTok a fast growing social media app in Nigeria has launched a joint venture to create blockchain and artificial intelligence. As reported by Bloomerg. TikTok owned [&hellip;]
- [Understanding What is Stablecoin Like ABCD stablecoin Pegged to Naira and How It Works.](https://diutocoinnews.com/2019/12/understanding-what-is-stablecoin-like-abcd-stablecoin-pegged-to-naira-and-how-it-works/): Many at times we ask what is stablecoin and how it works. So now, you can read and understand what is stablecoin and how you can make money off stablecoins. Most cryptocurrencies are known to have a volatile price. Most of them are not only meant to serve as a medium of exchange but also as a store of value. Cryptocurrencies like bitcoin which is considered the base cryptocurrency is too volatile.&nbsp;&nbsp; The volatility of cryptocurrencies have given rise to the need of a stable cryptocurrency referred to as stablecoin.&nbsp; What Is Stablecoin? A Short Summary: It is a cryptocurrency backed [&hellip;]
- [Is ABCD the First Stablecoin in Africa That Will Go Mainstream.](https://diutocoinnews.com/2019/12/is-abcd-the-first-stablecoin-in-africa-that-will-go-mainstream/): Since after the announcement proposing the&nbsp; launch of ABCD, the claimed first stablecoin in Africa. There has been some misunderstanding concerning the first blockchain on which the stablecoin was created.&nbsp; Many platforms claim to be the first to develop the first stablecoin in Africa. KubitX claims it was first developed on stellar chain by its platform. While Binance claims it will be the first to have same developed on its platform by BitSika.&nbsp; Moreso, Digital Rand platform claims it first developed Digital Rand for South Africans on ethereum blockchain(DZAR) making it the first stablecoin in Africa. Digital Rand was created on [&hellip;]
- [What is the Difference Between Public Blockchain and Distributed Ledger Technology Explained.](https://diutocoinnews.com/2019/12/what-is-public-blockchain-and-distributed-ledger-technology-explained/): Many at times, we are confused with this terms blockchain or public blockchain and distributed ledger technologies. The bull market of both markets saw a big publicity during the bitcoin bubble of 2017. Both terms are similar and also have some different features in it. Both technologies ensure transparency of the ledger transactions ensuring a degree of openess not offered on centralized database. Both technologies also record information and keep track record of all transactions recorded on chain. But this is where the similarities ends whereas Blockchain and Distributed Ledger Technologies (DLT) have significant difference. Some people believe public blockchain technology [&hellip;]
- [Binance Partners with the Escrow Service Provider Paxful to Offer Naira and Fiat Payment Gateways to Over 167 Countries.](https://diutocoinnews.com/2019/12/binance-partners-with-the-escrow-service-provider-paxful-to-offer-naira-and-fiat-payment-gateways-to-over-167-countries/): Paxful, one of the top cryptocurrency escrow service provider in the Nigeria partners with Binance to offer easier naira and other fiat gateway for its users. The top escrow service provider will facilitate fiat gateway transactions for cryptocurrency traders im over 167 countries.&nbsp; Currently, the Russian ruble, Vietnamese dong, Indonesian rupiah, Nigerian naira, Colombian peso, British pound, Mexican peso, Canadian dollar, euro are readily available.&nbsp; Moreso, in a bid to extend its escrow service, Paxful will offer direct access to Binance digital asset trading for its users. It will also create a fair trading price for its users in Nigeria. Moreover, [&hellip;]
- [Interswitch Blockchain Service and Payments Provider Extends its Services to United Arab Emirates.](https://diutocoinnews.com/2019/12/interswitch-blockchain-service-and-payments-provider-extends-its-services-to-united-arab-emirates/): Interswitch Blockchain Service and Payments technology company in Africa, Verve, has extended their services to United Arab Emirates, UAE.  The new payment blockchain service extension will enable Verve Global cardholders to use their cards on Discover Global Network. The Discover Global Network is open for transacting in more than 185 countries and territories, including Dubai, UAE. The decision to bring Verve Global to Dubai was a strategic one says Mitchell Elegbe, Interswitch Group Managing Direction. The new payment gateway launched in Dubai comes after the successful launch of Verve Global in New York. Verve Global was launched in New York in [&hellip;]
- [FIRS Nigeria Strengthens the Electronic Tax Service to Ease the Speed of Tax Administration in the Digital Space.](https://diutocoinnews.com/2019/12/firs-nigeria-strengthens-the-electronic-tax-service-to-ease-the-speed-of-tax-administration-in-the-digital-space/): The Federal Inland Revenue Services, FIRS Nigeria had deployed a new electronic tax service (e-services) to automatically process tax payments in Nigeria.&nbsp; The new electronic tax service will ensure transparency in the tax administration for both tax payers and administrators. According to the FIRS chairman, it&#8217;s necessary that the administration improves it&#8217;s ability to tax economic activities in the digital space. He also said that the digital space is the new gold at the third annual Nigeria Tax Research Network conference. The conference was held at the FIRS Training School in Durumi, Abuja.&nbsp; The theme of the conference is: Revenue Challenges [&hellip;]
- [A New Report Shows that Getting Blockchain Tutorials For Blockchain Skills Can Earn You an Extra Paycheck as an IT Pro.](https://diutocoinnews.com/2019/12/a-new-report-shows-that-having-blockchain-skills-can-get-you-an-extra-paycheck-as-an-it-pro/): Earning extra paycheck for tech professionals with non-certified skills has increased, nearing a 19-year high, adding an average of 9.4% to their salary. This is one of the benefits of going for blockchain tutorials.&nbsp; We have a few blockchain jobs in Nigeria with an increase in research for its use by companies. So, if you want to increase your paycheck, learning blockchain skills is the best option, according to a new report from Foote Partners. The market value for IT jobs with blockchain skills increased by 6.3% in the six months through Oct 1, 2019. A big increase of 13.3% for [&hellip;]
- [Many Ways You Can Make Money Online In Nigeria With the Cryptocurrency Bitcoin](https://diutocoinnews.com/2019/12/many-ways-you-can-make-money-online-in-nigeria-with-the-cryptocurrency-bitcoin/): Too many people in Nigeria are getting on the cryptocurrency investment, in a bid to make money online in Nigeria. According to the report released previously by CIBN, the search increase in cryptocurrency bitcoin increased by 40 percent in Nigeria.  Why Invest In Bitcoin? Why invest in Bitcoin in Nigeria? This question is synonymous with new people learning the basics of cryptocurrency and Bitcoin. Many people come into the space looking to learn how to trade and earn Bitcoin in Nigeria.&nbsp; But its clear that only a few knows what is Bitcoin and how to buy Bitcoin in Nigeria. Some top [&hellip;]
- [Chartered Institute of Bankers of Nigeria is Looking to Meet International Standards in Blockchain Technology and Cryptocurrency.](https://diutocoinnews.com/2019/12/chartered-institute-of-bankers-of-nigeria-is-looking-to-meet-international-standards-in-blockchain-technology-and-cryptocurrency/): The Chartered Institute of Bankers of Nigeria (CIBN) is looking to meet international standards in blockchain technology and cryptocurrency in Nigeria.&nbsp; It&#8217;s also working on making sure its members and prospective candidates get acquited with the knowledge needed in the field. To ensure its legal&nbsp; compliance on all required levels. The institute is currently reviewing its Banking Professional Examination and Certification Syllabi. And as a result, its reaching out to professionals in the field to help suggest the needed materials.&nbsp; In a confirmation mail that got our interest, the institute is looking to review in eight areas under Fintech. These key [&hellip;]
- [[Weekly Crypto Overview]: Different Measures and Plans Being Put In Place To Avoid Crypto Scam In Nigeria](https://diutocoinnews.com/2019/12/weekly-crypto-overview-different-measures-and-plans-being-put-in-place-to-avoid-crypto-scam-in-nigeria/): The most discussed issue this week in Nigeria centered on making the country safe from cryptocurrency scam. New measures and plans were discussed to avoid crypto scam in Nigeria.&nbsp; This week on our weekly cryptocurrency roundup. We will be looking into the whole event that happened in the space so far. Most exciting news is the Eco single currency for West Africa which was scheduled for launch in 2020. The ECOWAS single currency for West Africa called Eco currency might not be lauunched next year says Zainab.&nbsp; The Nigerian Minister of Finance Zainab Ahmed confirmed this in the ECOWAS meeting on [&hellip;]
- [SiBAN Introduces SiBAN Scam Alert To Fight Crypto Scam In Nigeria](https://diutocoinnews.com/2019/12/siban-introduces-siban-scam-alert-to-fight-crypto-scam-in-nigeria/): Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) just introduced SiBAN SCAM ALERT to regulate crypto scam in the space.  Its not a new issue that while the industry is building to make the space safe for end users, cyber criminals on the other hand is trying cause harm. This affects both the growing crypto and blockchain projects from the Nigerian space to the world.&nbsp;&nbsp; The cryptocurrency industry to some Nigerians is a dubious space used mostly by crypto scammers. The issue of crypto and cyber crime is synonymous to the growing youths of the country.  SiBAN is looking into fighting [&hellip;]
- [The Launch of Single Currency For West Africa May Not Be Actualized Says Nigeria Minister of Finance Zainab.](https://diutocoinnews.com/2019/12/the-launch-of-single-currency-for-west-africa-may-not-be-actualized-says-nigeria-minister-of-finance-zainab/): The 2020 proposed date for the launch of single currency for West Africa may not be actualised as many countries within the region are yet to meet the convergence criteria for the monetary union. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed confirmed the development at the opening session of a meeting of ECOWAS ministerial committee of ministers of finances and governors of Central Banks.&nbsp; She confirmed on Friday that only Togo had met all the convergence criteria within the last two years for the union on the single currency programme. The member countries that made up ECOWAS [&hellip;]
- [CIBN Suggests A New Certification Badge For Online Payment Gateways In Nigeria.](https://diutocoinnews.com/2019/12/cibn-suggests-a-new-certification-badge-for-online-payment-gateways-in-nigeria/): The Chartered Institute of Bankers of Nigeria disclosed an increase in the use of bitcoin among other payment gateways in nigeria. This it disclosed in its release on ‘The Nigerian Banker’, in its December 2019 edition. Part of the report on digital currencies read, “The CBN has also declared that digital currencies are not legal tender with naira as the sole legal tender”.&nbsp; Despite the fact that CBN has warned on the volatility involved in the use of digital currency in 2018. The use of this payment gateway in Nigeria has increased tremendously. “It was stated that in 2018, 41 per [&hellip;]
- [Lagos State Government Launches N250 Million Seed Funding For Startups To Help Create New Tech Innovations.](https://diutocoinnews.com/2019/12/lagos-state-government-launches-n250-million-for-startups-to-help-create-new-tech-innovations/): Lagos State Government has launched a N250 million seed funding for startups for the development of new technology innovations.&nbsp; Lagos State Governor, Mr. Babajide Sanwo-Olu, launched the funds on Thursday at Art of Technology (AOT) Lagos 1.0 conference. He also announced the setting up of Lagos State Science Research and Innovation Council (LASRIC).&nbsp; The event was held at Oriental Hotel, Victoria Island, with the theme: “Bridging the gap”. With over 1,500 young innovators and tech solutions developers present. The LASRIC will be chaired by the Vice Chancellor of the University of Lagos, UNILAG Prof Oluwatoyin Ogundipe, with $687,000. The seed funding [&hellip;]
- [Come And Learn Cryptocurrency At The Annual Bitcoin Conference Hosted By Gaius Chibueze On 6th Dec 2019 At Dubai](https://diutocoinnews.com/2019/12/come-and-learn-cryptocurrency-at-the-bitcoin-conference-hosted-by-gaius-chibueze-on-6th-dec-2019-at-dubai/): Come And Learn About Bitcoin, Cryptocurrency and Blockchain Technology From Nigerian Experts At The annual Bitcoin Conference In Dubai. Bitcoin Chief invites the blockchain and cryptocurrency community in Nigeria to this event. The host, Gaius Chibueze is popularly known as Bitcoin Chief. The annual bitcoin conference in Dubai is dubbed BiTour.&nbsp; Moreso, this is the first BiTour event that will be held by AbiT Network. This conference is powered by AbiT Network Mobile Applications. AbiT Network is popular with her Abit traders group for cryptocurrency enthusiasts mostly from Nigeria. The theme of the conference is:&nbsp; “Decentralizing Africa in 2020: leveraging on [&hellip;]
- [The Question Now Is, When Is The Bitcoin Bubble Happening?](https://diutocoinnews.com/2019/12/the-question-now-is-when-is-the-bitcoin-bubble-happening/): Looking at the cryptocurrency market right now, many investors are not happy with what is going on. The question now is, when is the Bitcoin bubble? Investors are now aware that too much hope in projects that have no real product, use case or service is everywhere in the crypto industry.&nbsp; There have been a lot of Bitcoin forks including Bitcoin Cash, Bitcoin SV etc, all offering no real use case. Its obvious that in the near future many project or blockchain startups offering no real service with token will go into extinction.&nbsp; This is evident in the recent data analysis [&hellip;]
- [Wondering How The Bitcoin Price Will Rise? Current Data Shows 64% of The Total Supply of bitcoin Is Not Moving.](https://diutocoinnews.com/2019/12/wondering-how-the-bitcoin-price-will-increase-current-data-shows-64-of-the-total-supply-of-bitcoin-is-not-moving/): Over 60% of the total Bitcoin (BTC) in circulation has not gone out of its wallet since last year. This shows increase in demand among investors. Probably one of the reasons bitcoin price will rise. According to data from the analyst, Rhythm, who uploaded statistics about Bitcoin network activity on Dec. 2. 11.08 million or 64 percent of the total supply of Bitcoin has not moved since 2018. “Hodlers of last resort are insane,” Rhythm summarized.&nbsp; The mined and stored bitcoins has not moved both during bull markets and bear markets. This signals a desire among investors to hold rather than [&hellip;]
- [Juventus Fans Can Now Buy Juventus Fan Token On Socios App To Earn Rewards And For Voting.](https://diutocoinnews.com/2019/12/juventus-fans-can-now-buy-juventus-fan-token-on-socios-app-to-earn-rewards-and-for-voting/): The Juventus Football club of Italy makes the Juventus Fan token available on Socios.com app. It is now available for purchase by the club&#8217;s fans after its Fan Token Offering. Token Value It can be used to participate in the club&#8217;s decision making through votings. Token holders can also earn rewards through the app. It also have a limited supply for free giveaway. This will come through the socios app’s Augmented Reality feature and Token Hunt. What Is Juventus Fan Token Juventus Fan Token $JUV is the native token of the Juventus Football Club in Italy made for the fans. It [&hellip;]
- [The Top Two White Label Crypto Exchange In Nigeria.](https://diutocoinnews.com/2019/12/the-top-two-white-label-crypto-exchange-in-nigeria/): Some people might be asking, what&#8217;s the number or list of White Label Crypto Exchange in Nigeria. But before then, let&#8217;s see the meaning or definition of this new windows open to startups in Nigeria. White Label Crypto Exchange is basically a cryptocurrency trading platform using the core features, trading machine and security makeup of the host platform. This will help create size, liquidity and reduce cost for the new platform. The top white label crypto exchange in this category in Nigeria is SaBi and Bitmama. Both exchanges is utilizing some of&nbsp; the cost and size of the host platform to [&hellip;]
- [Blockchain Job In Ghana Tops This Week's Crypto Weekly Overview](https://diutocoinnews.com/2019/12/ghana-blockchain-job-tops-this-weeks-crypto-weekly-overview/): Blockchain Job In Ghana recently topped the week&#8217;s topic. GTBank Ghana is employing. Moreso, Bank of Ghana wants to launch e-Cedi to overhaul the country&#8217;s financial system. Brics Economic Bloc includes Brazil, China, India, Russia and South Africa. The organization is looking to issue a cross-border digital money which will reduce the dependency attached to US Dollar. The Bank of Ghana (BoG) is in talks with key stakeholders to check a pilot project on a central bank digital currency. The sandbox project if successful will lead to the creation of a digital currency e-Cedi for Ghanians in the future. Data Science [&hellip;]
- [GTBank Ghana is Recruiting Programmers With The Knowledge Of Blockchain Technology.](https://diutocoinnews.com/2019/11/gtbank-ghana-is-recruiting-programmers-with-the-knowledge-of-blockchain-technology/): GTBank Ghana made the announcement public through its twitter handle on 22 Nov, 2019. Interested and qualified Individuals are encouraged to apply for the available blockchain job before the deadline. According to the news, the applicant must have a good knowledge in coding, a good knowledge of blockchain technology and be digitally aware.&nbsp; He must be below the maximum age if twenty-five years to qualify. The applicant also must be a citizen of Ghana to be qualified for the available blockchain job. He is expected to be readily available for the work. Applicant is expected to forward his Curriculum Vitae through [&hellip;]
- [Africa Will Define The Future, Especially The Bitcoin Future Says Jack Dorsey After Having His Third Bitcoin Meet-up In Africa.](https://diutocoinnews.com/2019/11/africa-will-define-the-future-especially-the-bitcoin-future-says-jack-dorsey-after-having-his-third-bitcoin-meet-up-in-africa/): On leaving Africa after visiting Ethiopia. Jack said Africa will define the future of Bitcoin after spotting enormous growing game changers in various African countries like Nigeria, Ghana and the rest. Replying to the comment, Ngozi Okonjo-Iwela, former two time minister of Finance, Nigeria said; @Jack so glad you could make this journey and see what wonderful talented people we have as treasures on this continent. Waiting for you 3-6 months to learn more.  @Jack so glad you could make this journey and see what wonderful talented people we have as treasures on this continent. Waiting for you 3-6 months to [&hellip;]
- [DSN Launches The First AI Book For Primary And Junior Secondary In Nigeria](https://diutocoinnews.com/2019/11/dsn-launches-the-first-ai-book-for-primary-and-junior-secondary-in-nigeria/): The event unveiling the First AI Book for Primary and Junior Secondary School students in Nigeria was done during an AI Summit in Lagos. A non-governmental organisation Data Science Nigeria has revealed plans to raise 1,000,000 world-class AI talents in the next 10 years.  The vision and plans was made known at AI Summit, unveiling the First AI Book for Primary and Junior Secondary School in Nigeria organised by DSN in Lagos recently. Discussing on the topic: ‘Artificial Intelligence for Development’, Director of Intelligent Systems Research at Oregon State University, Prof. Thomas Dietterich, described AI as catalyst for economic advancement. He [&hellip;]
- [Blockchain Is One Of The Disruptive Technologies Says Jim Ovia At The Just Concluded Zenith Tech Fair In Lagos.](https://diutocoinnews.com/2019/11/blockchain-is-one-of-the-disruptive-technologies-says-jim-ovia-at-the-just-concluded-zenith-tech-fair-in-lagos/): The Zenith Tech Fair held in Lagos today was a big event exploring on different areas of the technology industry in Nigeria. At the just concluded event at Land Mark Event Center in Lagos, Nigeria. Participants from various sectors of the industry were present at the event. The key areas of discussion as we previously reported were all addressed. Mr. Dipo Faulkner, the Country General Manager, IBM Nigeria talking on “Artificial Intelligence and the Next Industrial Revolution”, said that AI is not a magic, it is nothing to be feared. It is a journey that can oy be successful with a [&hellip;]
- [The Top Five Cryptocurrency Freelancer Jobs Available In Nigeria 2019](https://diutocoinnews.com/2019/11/the-top-five-cryptocurrency-freelancer-jobs-available-in-nigeria-2019/): The Top Five Cryptocurrency Freelancer Jobs Available In Nigeria 2019. The list span through various job opportunities available for the community enthusiasts.  This is no longer the era of suite and tie. Now people work from the comfort of their home with no stress. The Cryptocurrency Freelancer Jobs is the new wave taking up various freelancer platforms with high demand for freelancers. CryptoGrind One of the best places for a freelancer to get paid in Bitcoin is Cryptogrind. The platform serves as an escrow between the job seeker (freelancers) and the employer. The employer indicates with a click of a button [&hellip;]
- [Top Three Cryptocurrency Earning Video Games You Can Play In 2020](https://diutocoinnews.com/2019/11/top-three-cryptocurrency-earning-video-games-you-can-play-in-2019/): Cryptocurrency Earning Video Games is on top the wheels amongst possible ways available to earn free cryptocurrency tokens.  In 2020, individuals who love playing games can earn free cryptocurrency specially in Refereum RFR to buy games and do other things. Refereum is a games marketing company.  Below is the top three list of available games: State of Decay Fortnite PUBG State of Decay is an action-adventure video game. A survival horror stealth video game developed by Undead Labs. It rewards users for accomplishing some levels and winning games with Refereum (RFR) tokens.&nbsp; It is not yet available on steam and its [&hellip;]
- [The Fourth Industrial Revolution Tops Our Weekly Overview On Cryptocurrency](https://diutocoinnews.com/2019/11/the-fourth-industrial-revolution-tops-our-weekly-overview-on-cryptocurrency/): The Fourth Industrial Revolution: Government of Ghana announced its using blockchain technology to create a transparent and accountable land registration.  Ghana Minister of Finance Ken Ofori said their goal is to be the leading hub for ICT innovation in Africa. It aims to meet up with the fourth industry revolution owing to the fact that blockchain innovation holds long-term gains. Moroccan Central Bank Governor, Abdellatif Jouahri said Blockchain Technology is truly a disruptive technology. He recognized the role of blockchain in fourth industrial revolution at the African Blockchain Summit 2019 organized by the Bank. The Lesotho Nation recently signed a MoU [&hellip;]
- [Farmbeats Launches In South Africa To Help Tackle Agricultural Problems Using Artificial Intelligence](https://diutocoinnews.com/2019/11/farmbeats-launches-in-south-africa-to-helping-tackle-agricultural-problems-using-artificial-intelligence/): Farmbeats is an agricultural research platform with the aim of making the benefits of using artificial intelligence available to farmers. FarmBeats tracks soil temperature and moisture levels with the use of solar-based cloud computing models. Solving the problem of guess work out of farming, making it accurate. The idea is that artificial intelligence can be used to support farmers&#8217; existing knowledge and experience. This will help farmers to make more effective decisions and increase yield so that more food can be produced at lesser cost. &#8220;The idea behind it is to have better yields and better crops.&#8221; Asif Valley, National Technical [&hellip;]
- [Zenith Bank Hackathon Will Help Fund Winning Startups During Zenith Tech Fair Event.](https://diutocoinnews.com/2019/11/zenith-bank-hackathon-will-help-fund-winning-startups-during-zenith-tech-fair-event/): The Zenith Bank Hackathon dubbed Zenathon will be live on 27th November 2019 at the Landmark Event Center Victoria Island Lagos.&nbsp; Zenith Tech Fair is the host event to help gather startups and like minds in the technology industry. During this event, the hackathon will be held for a period of 2 days. This Zenathon will be empowering entrepreneurs that are using technology and the internet to help solve the problems of the present to build a better future. The Zenith Bank Hackathon will be exploring four major areas in the Future of Business. These areas includes: Future of Banking, Future [&hellip;]
- [Bitcoin Crashes Down To $7100 In What Speculators Call Bitcoin Black Friday.](https://diutocoinnews.com/2019/11/bitcoin-crashes-down-to-7100-in-what-speculators-call-bitcoin-black-friday/): This is what some enthusiasts has mimicked to be Bitcoin Black Friday for the cryptocurrency trading community.  The cryptocurrency markets continued on a downward slide today. Bitcoin (BTC) was dropping nearly 8% to settle at $7000, down from around $7,800 yesterday. Is that the Bitcoin Black Friday? The global crypto market cap dropped $5.6 billion in 24 hours. Barring The only stablecoin coin maintaining an uptrend is Tezos, Tether (USDT) and USD Coin (USDC) was also down. Tezos continues to post gains of 3.9%, settling at $1.25. Among the top altcoins, Ethereum, Bitcoin Cash and EOS have lost 10% since yesterday, [&hellip;]
- [Zenith Tech Fair 2019 Will Be Discussing About Blockchain Technology, AI Machine Learning And Internet Of Things.](https://diutocoinnews.com/2019/11/zenith-tech-fair-2019-will-be-discussing-about-blockchain-technology-ai-machine-learning-and-internet-of-things/): Zenith Tech Fair is a conference organized and hosted by Zenith Bank Plc. The conference is themed Zenith Future Forward Conference. Zenith Tech Fair, is a showcase of leading technology innovation across every aspect of life including blockchain technology. The conference will be held in three different categories. They include: CONFERENCE &amp; SUPERSESSIONS Talks will be delivered by industry leaders in topics ranging from AI and machine learning, blockchain. Also on Internet of Things, 5G and communication technologies, robotics and drone technology.&nbsp; Also topics will be delivered in AR/VR, immersive technologies, to cybersecurity and more. There will be supersessions period to [&hellip;]
- [FirstRand Bank of South Africa notifies Cryptocurrency trading platforms of eminent withdraw of its banking service. ](https://diutocoinnews.com/2019/11/firstrand-bank-of-south-africa-notifies-cryptocurrency-trading-platforms-of-eminent-withdraw-of-its-banking-service/): FirstRand Bank of South Africa notifies Cryptocurrency trading platforms of eminent withdraw of its banking service.&nbsp; In a letter, FirstRand Bank said it will stop offering its services to any cryptocurrency exchange like Luno, ICEX and VALR. It will shut down accounts belonging to these exchanges and any other cryptocurrency related platforms. An excerpt from the later reads; “First Rand Bank has been considering its risk appetite in respect of virtual currencies and virtual currency exchanges for some time. Within this context the bank has taken the decision to discontinue the provision of banking services to virtual currency exchanges and/or entities [&hellip;]
- [Weekly Crypto Overview:  Governor, Central Bank Of Nigeria Admits Blockchain and AI Has Been A Disruptor To Financial Service Sector.](https://diutocoinnews.com/2019/11/weekly-crypto-overview-governor-central-bank-of-nigeria-admits-blockchain-and-ai-has-been-a-disruptor-to-financial-service-sector/): Weekly Crypto Overview: Governor, Central Bank Of Nigeria says Blockchain and AI Has Been A Disruptor To Financial Service Sector. More updates on Guardian Ng. Last Weekly Crypto Overview focused on various news updated including the on going IBNaira Scam. Binance Cryptocurrency Exchange lists available jobs for qualified applicants all over the globe with Africa getting only four slots. Majority of the listing goes to Asians while other countries took the rest. Coindesk cryptocurrency news media house redesigns website. One of the top cryptocurrency news media house around the globe, Coindesk redesigned its site making it more of web application. MTN [&hellip;]
- [Bitfxt Exchange is now listed on coinmarketcap cryptocurrency data aggregator. ](https://diutocoinnews.com/2019/11/bitfxt-exchange-is-now-listed-on-coinmarketcap-cryptocurrency-data-aggregator/): Bitfxt Exchange is now listed on coinmarketcap cryptocurrency data aggregator.  Bitfxt Exchange which is one of the top indigenous cryptocurrency exchanges in Nigeria. It was listed today on coinmarketcap marking a new stride towards user base growth. The native of the exchange BXT coin was previously listed on coinmarketcap with daily trading volume across various listed exchanges. The new listing would encourage credibility for trading amongst cryptocurrency community in Nigeria. The exchange has an atomic swap feature allowing crypto-to-crypto swap and crypto-to-fiat swap. Cryptocurrency traders can equally access already listed coin such as bitcoin, dash, ethereum etc on the exchange for [&hellip;]
- [Bitcoin Chief Plans On Sponsoring 100 ABiT Representatives On Paid Trip To Dubai With 200,000 Worth Of Voucher. ](https://diutocoinnews.com/2019/11/bitcoin-chief-plans-on-sponsoring-100-abit-representatives-on-paid-trip-to-dubai-with-200000-worth-of-voucher/): Bitcoin Chief Plans On Sponsoring 100 ABiT Representatives On Paid Trip To Dubai With 200,000 Worth Of Voucher.&nbsp; The ABiT Representatives is a rumoured marketing strategy by ABiT Mobile Application Company. Which is a tech company offering various tech powered services. I sent out the ABiT Rep documents to Mr Bountiful , Our ABiT growth community manager and he confirmed that ABiT Rep is one of the mind blowing strategy out there come 2020. Gaius Chibueze (aka Bitcoin Chief). The document is yet to be released as we await for more updates regarding ABiT Representatives. About ABiT Mobile Applications Limited :&nbsp; [&hellip;]
- [Bank Of America Bans Former CFO of PayPal from owning a bank account at its bank in America.](https://diutocoinnews.com/2019/11/bank-of-america-bans-former-cfo-of-paypal-from-owning-a-bank-account-at-its-bank-in-america/): Bank Of America Bans Former CFO of PayPal from owning a bank account at its bank in America. Roelof Botha, a high profile investor from America just got banned from using fiat accounts. The notice came with no explanation according to Roelof.  From Roelof&#8217;s most recent tweet today, Bank Of America has restricted him from operating bank account in any of its branch.&nbsp; The personal checking and savings account of Roelof just got banned following some uncomfortable banking relations according to the letter of notice. A period of 21 days was set aside to help him finish up any clarification before [&hellip;]
- [A Daba School Student Makes 170 Percent Profit With $100 In 10 days.](https://diutocoinnews.com/2019/11/a-daba-school-student-makes-170-percent-profit-with-100-in-10-days/): A Daba School Student Made 170 Percent Profit With $100 In 10 days. The popular Bitcoin trading guru by name Chris Ani took to his twitter to congratulate one of his student.  A student from Daba School said he made incredibly 170 Percent Profit With $100 In 10 days. The student was too excited after investing back a little if $100 of his money into Cryptocurrency Trading. The said student had taken the cryptocurrency trading tutorials from the School. According to him he is improving his skills in Technical Analysis to put his profit on track. About Daba Schools. It is [&hellip;]
- [Storing cryptocurrency in Africa is most common in South Africa, according to the Statista Global Consumer Survey.](https://diutocoinnews.com/2019/11/storing-cryptocurrency-in-africa-is-most-common-in-south-africa-according-to-the-statista-global-consumer-survey/): Storing cryptocurrency in Africa is most common in South Africa, according to the Statista Global Consumer Survey. Most popular cryptocurrency platforms like Luno in Africa operates from South Africa. On a global base, storing cryptocurrency is most common in Turkey. One in five Turks said they had used or currently owned cryptocurrency in the 2019 online poll from Statista.com. On a global scale,cryptocurrency users were mostly located in Latin America, according to the survey. Brazil, Colombia, Argentina, Mexico and Chile all recorded higher digits when it comes to the adoption of cryptocurrency. Surprisingly, Spain was the country with one of the [&hellip;]
- [Binance Jobs Is Open To Qualified Applicants From Nigeria, Uganda, South Africa And Other African Regions.](https://diutocoinnews.com/2019/11/binance-jobs-is-open-to-qualified-applicants-from-nigeria-uganda-south-africa-and-other-african-regions/): Binance Jobs Is Open To Qualified Applicants From Nigeria, Uganda, South Africa And Other African Regions. Binance recently posted available jobs open to various applicants from all over the world. Among the various countries listed, Asia has the most jobs available open to applicants.&nbsp; NIGERIA: Business Development And Customer Acquisition Officer, full time remote worker. He/she is required to report to the country manager with the aim of growing positive business relations in West Africa. Apply Now. He must have a degree in business management. Must have at least 5 years proven working experience as a business development manager and sales [&hellip;]
- [MTNCoin Launch? MTN Group debunks claims of ownership to the MTNCoin document circulating over the internet.](https://diutocoinnews.com/2019/11/mtncoin-launch-mtn-group-debunks-claims-of-ownership-to-the-mtncoin-document-circulating-over-the-internet/): MTNCoin Launch? MTN Group debunks claims of ownership to the MTN cryptocurrency document circulating over the internet. Eureka Africa, according to MTN Group had submitted a proposal concerning using a digital currency for its services. The document proposal contains details of the could be digital currency for the company. The cryptocurrency which according to the document could be created on Stellar Blockchain Network. The Paper suggests that MTNCoin can: Lead the disruption of Africa’s financial services&nbsp;industry to redefine financial inclusion.&nbsp;&nbsp;&nbsp; • Solidify and expand company’s position as Africa’s leading Communication Services Provider, by staying at the forefront of Digital Transformation. • [&hellip;]
- [Keybase Nigerian Users Can Now Earn Free XLM Tokens From The Keybase Airdrop By Verifying Their Phone Number. ](https://diutocoinnews.com/2019/11/keybase-nigerian-users-can-now-earn-free-xlm-tokens-from-the-keyboard-airdrop-by-verifying-their-phone-number/): Keybase Nigerian User Can Now Earn Free XLM Tokens From The Keybase Airdrop By Verifying Their Phone Number.  Keybase.io starts a new procedure to  enable new users to qualify for the stellar lumen airdrop. Each user will receive XLM token worth over $20 at press time. All users who are yet to be qualified can now qualify with their phone numbers. You must join Keybase, which is free and open source. And you must prove you&#8217;re a real human, by receiving an SMS. Only countries which is listed as qualified countries can participate. Keybase Nigerian users are qualified to participate. These [&hellip;]
- [Alibaba Cashback System Will Be Rewarding Customers With 5% in Bitcoin.](https://diutocoinnews.com/2019/11/alibaba-cashback-system-will-be-rewarding-customers-with-5-in-bitcoin/): Alibaba Cashback system will be rewarding users with bitcoin.&nbsp; The Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli. The partnership is to enable its shoppers earn 5% back in Bitcoin.&nbsp; Only Alibaba USA customers can now earn back Satoshis (sats), the smallest unit of Bitcoin Cryptourrency, worth 0.00000001 BTC. When they shop on Alibaba they will be rewarded in bitcoin.&nbsp; This Alibaba Cashback system is not available to Chinese customers or any other customers from any other region.&nbsp; “Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the [&hellip;]
- [Crypto Weekly Overview: Queen Of England considers crypto as cryptoassets.](https://diutocoinnews.com/2019/11/crypto-weekly-overview-queen-of-england-considers-crypto-as-cryptoassets/): Crypto Weekly Overview: Queen Of England considers crypto as cryptoassets. This is a crypto weekly roundup of some notable events in the space around the world. Jack Dorsey had the first Bitcoin meet-up in Nigeria. Bitcoin Meet-up: Twitter CEO, Jack Dorsey At A Bitcoin Meet-up In Nigeria. Some personalities at the meet-up include Munachi of yellowcard.io and Yele Bademosi of Binance. Queen of England rules recognises crypto as cryptoassets. The Her Majesty Reserve Custom&#8217;s approach in the policy paper is conservative and it is in line with other countries’ tax treatment for cryptocurrencies. The HMRC explicitly states that it does not [&hellip;]
- [Bitcoin Meet-up: Twitter CEO, Jack Dorsey At A Bitcoin Meet-up In Nigeria.](https://diutocoinnews.com/2019/11/bitcoin-meet-up-twitter-ceo-jack-dorsey-at-a-bitcoin-meet-up-in-nigeria/): Bitcoin Meet-up: Twitter CEO, Jack Dorsey At A Bitcoin Meet-up In Nigeria. Some of the known personalities in the cryptocurrency field were present at the Bitcoin meet-up in Nigeria. Some other remarkable events was held today aside the Bitcoin meet-up. Some personalities at the meet-up include Munachi of yellowcard.io and Yele Bademosi of Binance. Concerning other activities that went on during Dorsey&#8217;s visit. Dara Oladosu, a Nigerian Tech Developer and founder of Quoted Replies was offered a job at Twitter. He will help build a native “quoted tweet” feature for the platform. Read Also: Getting Started With Cryptocurrency in Nigeria (Ultimate [&hellip;]
- [Bitcoin Machines worth RM42,500 at Seremban disappears.](https://diutocoinnews.com/2019/11/bitcoin-machines-worth-rm42500-at-seremban-disappears/): Bitcoin Machines worth RM42,500 at Seremban disappears.&nbsp; Sun daily reports the missing of 85 Bitcoin machines on Oct 29, 2019. Subsequently, police conducted raids and arrested suspects, aged between 25 and 46 years. The Malaysian police arrested four men and a woman believed to be involved in stealing 85 bitcoin machines.&nbsp; All the suspects, including two Indonesians, were nabbed in separate raids around Seremban and Nilai between midnight to 4.30am. Said Seremban police chief Supt Mohd Said Ibrahim&nbsp; Police also seized a car, a four-wheel-drive vehicle and several pieces of equipment to drill into concrete. Some of the suspects according to [&hellip;]
- [Farmchain Nigeria is the only Nigeria Blockchain Project Selected For The Aeternity Starfleet Seed Funding.](https://diutocoinnews.com/2019/11/farmchain-nigeria-is-the-only-nigeria-blockchain-project-selected-for-the-aeternity-starfleet-seed-funding/): Farmchain Nigeria is the only Nigeria Blockchain Project Selected For The Aeternity Starfleet Seed Funding. Among the 100 applications received by Starfleet from blockchain startups willing to get a seed fund to kick start its business. Only 15 applicants were chosen out of the 100 that applied. Farmchain, an Nigerian project reinforcing the solid African presence in Starfleet was selected. The fifteen blockchain startups that qualified, were received into the Genesis Week at Microsoft Innovation Center Malta. Qualified startups will undergo intense mentoring in some specific areas starting from 4th until 10th November 2019.&nbsp; The areas include; Blockchain Business Model Canvas, [&hellip;]
- [Remitano Job Available For Content Writers From Nigeria and Malaysia Only. ](https://diutocoinnews.com/2019/11/remitano-job-available-for-content-writers-from-nigeria-and-malaysia-only/): Remitano Job Available For Content Writers From Nigeria and Malaysia Only.&nbsp; One of the popular peer to peer cryptocurrency exchanges used in Nigeria is looking to employ a good content writer.&nbsp; Remitano Job listed on its website today, two available jobs for those interested. Developer Programming job and Content writer job was listed.  Content Writing Job Requirements: The ability to build and edit creative content on Forum channels, Social Media; and make content go viral on social networks. The ability to build the editorial calendar, write standard SEO articles for Digital &amp; Traditional Marketing including Forum, Facebook, Website, Landing page, PR, [&hellip;]
- [Bitfxt Coin Lists On Coinmarketcap.com](https://diutocoinnews.com/2019/11/bitfxt-coin-lists-on-coinmarketcap-com/): Bitfxt Coin Lists On Coinmarketcap.com Bitfxt is one of the newly launched exchanges in Nigeria offering various cryptocurrency financial services.&nbsp; Bitfxt announced via its blog today that it was listed on coinmarketcap. This makes bitfxt that first Nigeria indeginous project to be listed on coinmarketcap.&nbsp; Bitfxt coin trades on shorter, latoken and bitfxt cryptocurrency exchange. The cryptocurrency trades at $0.0146 according to coinranking.&nbsp; Bitcoin Forex Technologies offers various services like coin staking, boundless payment services and cryptocurrency exchange trading services. You can visit the site the know more.&nbsp;
- [Weekly Overview On Cryptocurrency News: Venezuela Tech Savvy To Enable Bitcoin Transactions Offline.](https://diutocoinnews.com/2019/11/weekly-overview-on-cryptocurrency-news-venezuela-tech-savvy-to-enable-bitcoin-transactions-offline/): Weekly Overview On Cryptocurrency News: Venezuela Tech Savvy To Enable Bitcoin Transactions Offline. This is the weekly overview of the current cryptocurrency happenings in the space. Bitcoins turned 11 years old today. On 31st October, the bitcoin community celebrated the remembrance of the bitcoin white paper written by Satoshi Nakamoto on the 31st of Oct.&nbsp; BitMEX Exchange exposes up to 22,000 users data to email mishap. On Friday at 08:00 UTC, BitMEX notified its users via twitter that it had accidentally revealed many of its user’s email addresses to phising attacks.&nbsp; Telegram launched its Gram token testnet wallet. The testnet wallet [&hellip;]
- [Huobi Cloud Is Set To Launch Another White Label Exchange HIZA in South Africa. ](https://diutocoinnews.com/2019/11/huobi-global-is-set-to-launch-another-white-label-exchange-hiza-in-south-africa/): Huobi Cloud Is Set To Launch Another White Label Exchange HIZA in South Africa.  Huobi Cloud, part of the cryptocurrency exchange of the Huobi Group is set to open more doors to white label exchange. This will create platform for cryptocurrency trading in Africa. The Huobi Cloud service will offer core functionalities of the global exchange. All core functionalities ranging from cryptocurrency trading to the security system will be made available.&nbsp; According to Coindesk, Huobi Cloud is in talks with potential partner companies across 10 countries in the Middle East and Africa. Huobi Cloud intends to launch two or three of [&hellip;]
- [Veritaseum Agrees To Return $8 million Raised In Veritaseum's ICO To Investors.](https://diutocoinnews.com/2019/11/veritaseum-agrees-to-return-8-million-raised-in-veritaseums-ico-to-investors/): Veritaseum Agrees To Return $8 million Raised In Veritaseum&#8217;s ICO To Investors. Reggie Middleton, the CEO of blockchain company Veritaseum, agreed to return over $8 million raised in Veritaseum&#8217;s ICO to investors.&nbsp; Reggie also agrees to pay a further $1 million to the state as part of a settlement with the SEC, according to court documents produced by the New York Eastern District Court.&nbsp; The settlement with the SEC also “permanently bars” Middleton and Veritaseum from offering digital securities.&nbsp; New York Eastern District Court The settlement is in conclusion of SEC’s claim, filed back in August, that Veritaseum illegally raised $14.8 [&hellip;]
- [Zimbabwe Golix Cryptocurrency Exchange Claims To Have Lost Access To The Exchange Bitcoin Cold Wallet Password.](https://diutocoinnews.com/2019/11/zimbabwe-golix-cryptocurrency-exchange-claims-to-have-lost-access-to-the-exchange-bitcoin-cold-wallet-password/): Zimbabwe Golix Cryptocurrency Exchange Claims To Have Lost Access To The Exchange Bitcoin Cold Wallet Password.&nbsp; iHare reports that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare reports that the issue was confirmed by two separate sources familiar with the matter.&nbsp; According to the story dated back when Zimbabwe lifted ban on cryptocurrency. The exchange was ordered to shut down operations for violating regulatory issues by the Reserve Bank of Zimbabwe. Following the shut down of customer service support of Golix Exchange. Its customers were unable to make a successful withdrawal request [&hellip;]
- [Grams Wallet Launched By Telegram Goes Life On Testing Mode.](https://diutocoinnews.com/2019/11/telegram-launches-its-crypto-wallet-grams-wallet-on-testing-mode/): Grams Wallet Launched By Telegram Goes Life On Testing Mode. Telegram has launched its crypto wallet, Grams Wallet in testing mode. It is now available for download on MacOS, Windows and Ubuntu with the source code available on GitHub. After releasing the TON testnet explorer and node software in September, telegram sets to take with Wallet launch. Users can now download the test Grams wallet client from its website. Users can create an address and receive private keys as well as request and test Gram tokens in the app through a Telegram bot called TestTonBot. TestTonBot users can request 5 to [&hellip;]
- [Quidax an African focused cryptocurrency exchange has launched its mobile app for both ios and android.](https://diutocoinnews.com/2019/11/quidax-an-african-focused-cryptocurrency-exchange-has-launched-its-mobile-app-for-both-ios-and-android-3/): Quidax, an African focused cryptocurrency exchange has launched its mobile app for both ios and android.&nbsp; In a blog post on Quidax platform, Quidax announced the launch of its mobile app cryptocurrency exchange for ios and android apps today. In a bid to encourage use of the app after opening naira deposits through flutterwave. Quidax will be giving out 11,000 Naira in Bitcoin to 11 people, every day for 11 days. Starting from today 31st October 2019 to 10th November 2019 every 8 &#8211; 9pm. The promo comes with an iPhone 11 to be won. This will be given to the [&hellip;]
- [Reggie Middleton And Veritaseum has been discharged with a court order to pay $8.4 million from illegal coin offering.](https://diutocoinnews.com/2019/11/reggie-middleton-has-been-discharged-with-a-court-order-to-pay-8-4-million-from-illegal-coin-offering/): Reggie Middleton and Veritaseum has been discharged with a court order to pay $8.4 million from illegal coin offering.&nbsp; The New York Eastern District Court has ordered the CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, to pay $8.4 million for illegal coin offering.  According to the report from FinanaceFeeds the court charged Reggie and Veritaseum for a discharge of $7,891,600, which is a part of illegally earned profit as well as prejudgment interest amount of $582,535. The lawsuit was raised by the United States Securities and Exchange Commission (SEC) in mid-August 2019. SEC allegedly [&hellip;]
- [Binance Is Pushing To Dominate The Nigeria Market Through Its Referral Program.](https://diutocoinnews.com/2019/10/binance-pushing-to-dominate-the-nigeria-market-through-its-referral-program/): Binance Is Pushing To Dominate The Nigeria Market Through Its Referral Program. Binance the world&#8217;s largest cryptocurrency exchange by trading volume in the previous week listed Nigeria Naira on its exchange. Few days after listing the Nigerian Naira and offering no fee for Naira. The cryptocurrency exchange starts referral program for Nigerians to onboard new users In a blog post from Binance. The exchange is offering one month referral program for Nigerian users. Where each referral earns 700 Naira. Terms &amp; Conditions For Binance Referral Program: Invitees must complete trades worth 5500 NGN by 30 November 2019 Inviters must have verified [&hellip;]
- [The Top Five Cryptocurrency Steadily Available For Participating In The Binance Lending Program. ](https://diutocoinnews.com/2019/10/the-top-five-cryptocurrency-steadily-available-for-participating-in-the-binance-lending-program/): The Top Five Cryptocurrency Steadily Available For Participating In The Binance Lending Program.&nbsp; Binance Lending Program was launched in August 2019. The aim was to encourage deposits on binance. The program was launched with BNB, USDT, and ETC. Later on, XRP, BTC, Ethereum, Litecoin etc were randomly added. The binance lending program is on an annualized interest rate with a 14-day fixed maturity term. Initial coin made available for lending has been set at 15 percent, 10 percent and seven percent, for BNB, USDT, and ETC, respectively. The coins below is steadily available on the Binance Lending Subscription Plan compared to [&hellip;]
- [The Top Five Best Cryptocurrency Exchange Where You Can Buy Bitcoin With Nigeria Naira.](https://diutocoinnews.com/2019/10/the-top-five-cryptocurrency-exchange-where-you-can-buy-bitcoin-with-nigeria-naira/): The Top Five Best Cryptocurrency Exchange Where You Can Buy Bitcoin With Nigera Naira. Research shows that the top five cryptocurrency exchanges trading bitcoin and other cryptocurrencies in Nigeria are not indigenous exchange. These exchanges offer Naira to Bitcoin Trading pair for users. THE TOP FIVE LIST: Localbitcoins.com has the highest trading volume for bitcoin to naira pair in Africa. Localbitcoin is a P2P Escrow Platform. Localbitcoin charges one percent for all completed trade. You Can Register Now. The merchant invoicing services has a fee&nbsp;charge of of 0.5 percent which is deducted&nbsp;from the paid invoice amount of each&nbsp;invoice. Paxful.com goes under [&hellip;]
- [NDIC Pick Sides With Taiwan And Korea To Develop Team Of Experts In Fintechs, Digital Technology And Blockchain. ](https://diutocoinnews.com/2019/10/ndic-picks-sides-with-taiwan-and-korea-to-develop-team-of-experts-in-fintech-digital-technology-and-blockchain/): NDIC Pick Sides With Taiwan And Korea To Develop Team Of Experts In Fintechs, Digital Technology And Blockchain.&nbsp; The banking system in Nigeria is facing some financial threats. The banking system needs active digital technology to solve these financial threats. At the 30th Anniversary Dinner of National Deposit Insurance Corporation. The Managing Director Umaru said; Nigeria is aware of the emerging role of financial technologies (fintechs) in the financial landscape. The role of blockchain technology and digital currencies globally and that Nigeria is not left behind. Musa Umaru, Managing Direct/ Chief Executive National Deposit Insurance Corporation. Plans are underway to develop [&hellip;]
- [A Man Recovers 0.99 Bitcoin He Bought At $300 in 2013 Now Worth Over $9000.](https://diutocoinnews.com/2019/10/man-recovers-0-99-bitcoin-he-bought-at-300-usd-now-worth-over-9000-usd/): A Man recovers 0.99 bitcoin bought at $300 in 2013 now worth over $9000 according to twitter thread from Faith Titus. According to Faith Titus, Co-Founder of Blockchain User Group Nigeria. He came to know about the Nigerian from Facebook—who only sees bitcoin as digital money.. She said the unknown friend was teased into buying bitcoin cryptocurrency by most of his friends in 2013. He joking bought 0.99 bitcoin at 300 USD to fulfill the wish of his friends. “Yes and he didn&#8217;t know what he bought at that time and didn&#8217;t see a value in it. He just bought the bitcoin to [&hellip;]
- [Fintech   Association Of Nigeria Announces Nigeria Fintech Week Incorporating National Fintech Conference.](https://diutocoinnews.com/2019/10/fintech-association-of-nigeria-announces-nigeria-fintech-week-incorporating-national-fintech-conference/): Fintech Conference organized by Fintech Association Of Nigeria, a non-profit organisation will be holding in Nigeria. The event is aimed at discussing issues facing the growth of startups in the country. Some startups in Nigeria lacks the opportunity to get investors to raise capital for their business and some other issues it intends to discuss to foster their growth. “Surviving With Fintech Innovations, What are the Sustaining Factors” National Fintech Conference Theme. The event will commence on 28th of October, incorporating the 4th National  Fintech Conference holding on 29 &#8211; 30 October, 2019. The venue is at Landmark Event Center Lagos [&hellip;]
- [Weekly News Overview On Cryptocurrency News.](https://diutocoinnews.com/2019/10/weekly-news-overview-on-cryptocurrency-news/): This is a weekly news round up of events concerning some remarkable happenings around the cryptocurrency community. Mark Zuckerberg testified before the US Congress this week concerning Libra Project. The outcome of the hearing wasn&#8217;t interesting because US Congress seems to be uncomfortable with the idea of Libra Cryptocurrency—which they see as threat to its government and financial institution. Binance also listed its first fiat gateway on Binance.com. The Nigerian Naira was listed on Binance on 24the October, 2019. It happened to be the first fiat on the exchange which commands alot of trading volume against bitcoin on world known P2P [&hellip;]
- [Binance Naira Gateway Gets Positive Feedback.](https://diutocoinnews.com/2019/10/positive-feedbacks-follow-binance-naira-gateway-launch-spelling-doom-for-luno-cryptocurrency-exchange/): The launch of Binance Nigeria Naira Gateway on Binance.com had received positive feedbacks from users spelling doom for Nigeria users on Luno. Binance Centralized Cryptocurrency Exchange launched its gateway for deposits and withdrawal of Nigerian Naira on 24th of October, 2019. Following a free deposit fee for users with 36,000 Naira deposits an equivalent of $100 at press time. Users on the exchange platform are giving a positive feedback most especially on Naira withdrawals and fee charge. One of the users by name Southboy Dini has comments saying,&nbsp; “Withdrawal fee is N150 bro and I&#8217;m very ok with it, I&#8217;m even [&hellip;]
- [Delta State Bitcoin Adoption is Growing Daily From A Google Search Trends  With The Keyword “Bitcoin Faucets”.](https://diutocoinnews.com/2019/10/delta-state-bitcoin-adoption-is-growing-daily-from-a-google-search-trends-with-the-keyword-bitcoin-faucets/): Delta State Bitcoin adoption in Nigeria continues to grow daily with awareness creation events, strategic adoption policies in a bid to increase its adoption. Recent Research on Google.com shows that search on bitcoin and cryptocurrency in Nigeria increased with over 120 percent on keywords like “bitcoin faucet”.&nbsp; Delta state in Nigeria tops the search followed by Ekiti and Ondo. On Delta state Bitcoin adoption, the keyword is the most searched topic in the region. Ekiti followed up with bitcoin search amounting to 99 percent of the total search from the region.&nbsp; Borno State happened to be the least state with bitcoin [&hellip;]
- [WeChat Pay Is Storing Transactions On Blockchain Says Changpeng Zhao](https://diutocoinnews.com/2019/10/wechat-pay-is-storing-transactions-on-blockchain-says-chsngpeng-zhao/): WeChat the popular social media mobile app in China is storing transaction data on to the blockchain according to a twitter thread from CZ CEO of Binance. Following the tweet thread from Changpeng Zhao, he got a screenshot from Shenzhen that WeChat Pay is storing transactions on the blockchain with a link for the customer to view same on the explorer. In the previous week Alipay had turned down rumors of partnering with Binance to encourage fiat deposits on Binance. This was few days after CZ announced possible integration with WeChat Pay and Alipay to ease fiat deposits for the Chinese. [&hellip;]
- [The Johannesburg City Hackers Demand A Ransom Of Four Bitcoins Worth 10.8 Million Naira.](https://diutocoinnews.com/2019/10/shadow-kill-hackers-demands-a-ransom-of-four-bitcoins-worth-10-8-million-naira-for-johannesburg-city-website-hack/): The Johannesburg City hackers of Johannesburg City website hack on 24th October was attached to a group of hackers who identified themselves as &#8220;Shadow Kill Hackers&#8221;.  The Johannesburg city website was hacked on Thursday 24 October which saw the lost of sensitive information and data such as personal population information and financial data of the city. The cyber crime act was reported on Thursday evening. The group identified themselves as the Shadow Kill Hackers. They had left a note on the Twitter page, claiming to “have control of everything” in Johannesburg. The hacker group had demanded a random of four bitcoin [&hellip;]
- [Twitter CEO, Dorsey Says Twitter Will Never Join Libra Launch As It Prefers Using Bitcoin On Its Platform.](https://diutocoinnews.com/2019/10/twitter-ceo-dorsey-says-twitter-will-never-join-libra-launch-as-it-prefers-using-bitcoin-on-its-platform/): Libra Launch As per the twitter thread from Hollywood Editor Alex Weprin. Twitter CEO Dorsey says twitter will and is not planning to join the launch of the Libra cryptocurrency by Facebook.. Twitter CEO Dorsey had reportedly gave a straight forward answer when asked about Twitter joining Libra Association by Ben Smith, Editor-in-chief of BuzzFeed.  Hell No! &#8220;Nothing within Libra had to be a cryptocurrency to do what they wanted to do.&#8221; Twitter CEO, Dorsey Giving reasons for not considering Libra to bitcoin cryptocurrency, Dorsey said Zuckerberg’s speech at Georgetown University focused on the subject of freedom of speech, censorship and [&hellip;]
- [Research Shows Nigerians Trade More On P2P Cryptocurrency  Exchanges Accounting For Over 50 Percent Bitcoin Trading Volume In Africa.](https://diutocoinnews.com/2019/10/research-shows-nigerians-trade-more-on-p2p-cryptocurrency-exchanges-accounting-for-over-50-percent-bitcoin-trading-volume-in-africa/): The Nigeria market boosts of over 50 percent of the bitcoin trading volume in Africa with the Nigeria Naira listed on two top cryptocurrency exchanges.  Among the top Peer-to-peer digital currency trading platforms like Localbitcoin and Paxful. Nigeria accounts for up to 50 percent of the trading volume among top African countries on this platforms. Nigeria accounts up to 8.27 million dollar trading volume on Localbitcoins according to coindance. Kenya is second on the list with a trading volume of 968,521 thousand dollar trading volume.&nbsp; Among the top cryptocurrency exchanges in Africa like Luno.com. Nigeria Naira trades against bitcoin with a [&hellip;]
- [Binance Opens Fiat Gateway For Nigerian Naira Through Flutterwave](https://diutocoinnews.com/2019/10/binance-opens-fiat-gateway-for-nigerian-naira-through-flutterwave/): Binance the largest world cryptocurrency exchange has opened a new fiat gateway for Nigeria Naira deposits and withdrawals through flutterwave partnership. Binance announced its partnership with flutterwave payment channel today in other to allow Nigerians deposit and withdraw Naira on its cryptocurrency exchange through the gateway. “What we do at Flutterwave is, create possibilities for the everyday African to become prosperous. We create opportunities for the everyday African to reach prosperity levels that were beyond them in the past. That’s what this partnership is about. Africans are firmly part of the global financial community, Flutterwave is ensuring this”&nbsp; Flutterwave Co-founder &amp; [&hellip;]
- [Bittrex International To Shut Down Operation On October 29 Launching Bittrex Global.](https://diutocoinnews.com/2019/10/bittrex-international-to-shut-down-operation-on-october-29-launching-bittrex-global/): Bittrex International sent out emails yesterday to its loyal customers notifying them of its migration to Bittrex Global after shutting down operations in some African countries. According to the email sent to one of its users in Nigeria. The exchange will be closing down its Malta platform dubbed Bittrex International. This it said, is to enable the platform migrate to its new platform Bittrex Global. The new platform will be launched on the closure of Bittrex International on Oct 29. It is a new exchange partner registered in Europe and headquartered in Liechtenstein. It will be utilizing the trusted Bittrex technology [&hellip;]
- [Bittrex International To Halt Cryptocurrency Trading In Ghana And Some Other African And Non-African Countries.](https://diutocoinnews.com/2019/10/bittrex-international-to-halt-cryptocurrency-trading-in-ghana-and-some-other-african-and-non-african-countries/): Bittrex International, an European regulated Malta-based cryptocurrency exchange will cease operations in Ghana, top Africa countries and other non-African countries. In an email to Ghana customers, Bittrex International announced that the exchange will close accounts and trading access to users on Oct. 29. Users are expected to withdraw their funds with the exchange before that date.&nbsp; This may be due to the state of cryptocurrency regulations in Africa . Most African countries don&#8217;t recognize cryptocurrency while some does. Kenya supports more compared to other African countries. Diutocoinnews previously published about the Kenya Task Force Recommendation For Kenya To Have Its Own [&hellip;]
- [Coinmarketcap Lists Africa's Top Cryptocurrency Exchange KubitX.](https://diutocoinnews.com/2019/10/coinmarketcap-lists-africas-top-cryptocurrency-exchange-kubitx/): One of the top cryptocurrency exchange in Africa, Kubitx lists on cryptocurrency market data aggregator, coinmarketcap. No full detailed information has been made available on coinmarketcap but the following was highlights; “Launched on 20/12/2018, KuBitX Exchange is a centralized exchange based in Seychelles and Malta. It supports OTC/IEO. It is reportedly connected to African payment gateways.” KubitX is a digital asset marketplace designed to be capable of processing high amount of transanctions, swift, user friendly and secure for trading digital assets. It has its native token, the KBX. KubitX offers remittance services tagged the KBX Payments Remittances and OTC Wallet (PROW). [&hellip;]
- [Tech4dev Nigeria to Empower Africa Women With Digital And Coding Skills.](https://diutocoinnews.com/2019/10/tech4dev-nigeria-to-empower-africa-women-with-digital-and-coding-skills/): Tech4dev is the only Nigeria Company that featured at the 5th UN Solutions Summit in New York, recently, to project solutions it believed would build future African women workforce. The UN Solutions Summit is usually held at the United Nations Headquarters during UN General Assembly Week.&nbsp; This year’s Summit has the theme: “Lifting innovators, advancing the Sustainable Development Goals, SDGs”. The company said it&#8217;s goal is to train five million Africa women on coding skills by 2030. It empowers girls and women across Africa with needed digital skills including Blockchain Technology , deep tech and soft skills.&nbsp; Executive Director of the [&hellip;]
- [Blockchain Nigeria User Group Announcing Abuja Blockchain And Digital Asset Conference 2019.](https://diutocoinnews.com/2019/09/announcing-abuja-blockchain-and-digital-asset-conference-2019/): Blockchain Nigeria User Group, a sub-set Organization of Blockchain Technology Users (OBTU), is scheduled to hold from 4–5 October 2019, Abuja Blockchain &amp; Digital Assets Conference 2019 at Abuja Sheraton Hotels. The agenda for the conference is “THE BLOCKCHAIN TRUST ARCHITECTURE FOR GOVERNANCE &amp; PUBLIC SERVICE”.&nbsp; Topics To Be Covered Includes; Governance: how to regulate appropriately without stifling innovation Blockchain Integration with current activities &amp; operations. Technology Skills needed along with the Talent to support Blockchain projects. Selling the Potential of Blockchain to Senior Management &amp; Non-Techies. True Digital Transformation: using new business philosophies and technologies to enable real innovation. How [&hellip;]
- [Satowallet Hack: A Nigerian Cryptocurrency Service Provider Satowallet Losses User Funds To Hosting Provider.](https://diutocoinnews.com/2019/09/satowallet-hack-a-nigerian-cryptocurrency-service-provider-satowallet-losses-user-funds-to-hosting-provider/): Satowallet Hack: Exchange Platform claims Satowallet Hack not from the failure of its platform but of the hosting provider. The Satowallet is a Nigerian owned cryptocurrency exchange and wallet provide based in Dubai affairms loss of user funds. Most of the users of Satowallet has been unable to access their wallet since August 2019, in what Satowallet team claim is a hack on the third-party provider.&nbsp; Possibly The First Nigerian Cryptocurrency Exchange To Be Hacked Diutocoinnews.com.ng According to news making rounds on the internet. Satowallet claims Satowallet hack issue was from their hosting provider Ovh Data Centre. Satowallet calimed Ovh Data [&hellip;]
- [Facebook Launches Ad Break For Video Creators On Facebook To Monetize Video Contents.](https://diutocoinnews.com/2019/09/facebook-launches-ad-break-for-video-creators-on-facebook-to-monetize-video-contents/): Facebook rolls out Ad Break to help video creators monetize their content in Nigeria,Kenya,Ghana and South Africa. The Ad Break comes in three formats, “ mid-roll shown during the video; pre-roll shown before the video; and an un-interruptive video that stay below the video content throughout the video play ”. Things you need to know about the yet to lanch Facebook Cryptocurrency known as Facebook&#8217;s Libra and how to get some. Facebook&#8217;s digital money. Creators who have the approval to monetize their site will be eligible to participate in the Ad Break. Facebook Video Creators will have more control over which [&hellip;]
- [Keybase.io Stops Newly Registered Users From Qualifying From Stellar Lumen Space Drop.](https://diutocoinnews.com/2019/09/keybase-io-stops-newly-registered-users-from-qualifying-from-stellar-lumen-space-drop/): Keybase.io stops new users not registered before Sep 9 from qualifying from the airdrop starting from September 16.  Diutocoinnews posted about Keybase.io Space Drop wirh Stellar Development Foundation earlier before now. Keybase currently has 300,000 active users across its various services, according to the company. Keybase.io stops new registrations due to platform violation. The current Space Drop Per User for the month of October is at 1,102 XLM which is around 60 USD at the time of the report. Keybase.io/airdrop The company reports that Github and Hackers News were both under attack by bad actors trying to steal users registration details [&hellip;]
- [NITDA warns Nigerians over the use of Truecaller due to its user privacy bridge actions.](https://diutocoinnews.com/2019/09/nitda-warns-nigerians-over-the-use-of-truecaller-due-to-its-user-privacy-bridge-actions/): NITDA warns Truecaller on the safety of Nigerians. The National Information Technology Agency expressed its disappointment towards the bridge of Privacy Laws in Nigeria.&nbsp; According to the Director General/CEO of the agency, Kashifu Inuwa, the agency discovered that the Truecaller Privacy Policy is not in compliance with global laws on data protection and the Nigeria Data Protection Regulation (NDPR) in particular. He further disclosed that there are over seven million Nigerians who are active users of the Service. Its important therefore to enlighten the public on some of the areas of non-compliance as well as guide those affected.
- [Nigeria Kidnappers Top The News Bill Board During The Week On World News Crypto RoundUp](https://diutocoinnews.com/2019/09/nigeria-kidnappers-incident-top-the-news-bill-board-during-the-week-on-world-news-crypto-roundup/): Nigeria Kidnappers incident took up the whole news bill board during the past week. Lets take a look at what happened last week in cryptocurrency as was reported by Diutocoinnews.&nbsp; Last week, a lot happened in the cryptocurrency ecosystem. Notable among them in Nigeria is the kidnapping of the daughter of one of the notable politicians in Nigeria.&nbsp; The Nigeria kidnappers incident passed a strong message to Nigerian government concerning cryptocurrency regulations. It is quite obvious that the use if cryptocurrency is popular in Nigeria.&nbsp; Another notable happening was the CBN fee imposed on deposits and withdrawals for all Nigeria deposit [&hellip;]
- [PDP Chieftain, Dr Urmar Ardo Pays 15,000 USD Bitcoin Ransom To Her Daughter's Kidnappers](https://diutocoinnews.com/2019/09/pdp-chieftain-dr-urmar-ardo-pays-15000-usd-bitcoin-ransom-to-her-daughters-kidnappers/): A chieftain of the Peoples Democratic Party (PDP), Dr Umar Ardo, whose daughter, Aisha, was kidnapped on Saturday, said he paid $15,000 bitcoin ransom to secure Aisha release. Daily Trust reports that the PDP Chieftain Dr Ardo was contacted by one of the kidnappers on Sunday at about 9:56am.&nbsp; They said his daughter would return to him safely if he cooperates with them. Diutocoinnews have records of various Cyber Crimes reported since 2019 in Nigeria, from Ponzi Schemes to Cyber Hackers. Diutocoinnews.com.ng “I then said okay I will cooperate and negotiate with you on one condition; that is if you give [&hellip;]
- [Central Bank Of Nigeria Stipulates New Fee Charge For Deposits And Withdrawals.](https://diutocoinnews.com/2019/09/central-bank-of-nigeria-stipulates-new-fee-charge-for-deposits-and-withdrawals/): The Central Bank Of Nigeria in its pursuit to implement the cashless policy issues new fees for bank deposit and withdrawals. On September 17, 2019, the CBN issued the following memo to all Deposit Money Banks (DMBs): &#8220;Further to our circular ref BPS/DIR/GEN/CIR/04/004 we write to inform all Deposit Money Banks that the CBN has approved that:&nbsp; “Charges on deposits shall apply in Lagos, Ogun, Kano, Abia, Anambra, Rivers states and the FCT, in addition to already existing charges on withdrawals, effective September 18, 2019.” According to the policy, a 3 percent processing fee will be charged for withdrawals of amounts [&hellip;]
- [US Treasury Sanctions WannaCry Bitcoin Ransome Cyber Hackers.](https://diutocoinnews.com/2019/09/us-treasury-sanctions-wannacry-bitcoin-ransome-cyber-hackers/): The United States Treasury on Friday sanctions three hacking groups they claimed were sponsored by North Korea that were allegedly involved in the “WannaCry” ransomware attacks demanding bitcoin cryptocurrency from its victims. According to Wikipedia, “The WannaCry” ransomware attack was a May 2017 worldwide cyberattack by the WannaCry ransomware cryptoworm. It targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransome payments in the Bitcoin cryptocurrency.  In trying to stop the attack then, Microsoft had released patches of system update to help bypass the virus. System using older versions of Windows system were affected.&nbsp; &nbsp;“WannaCry also took [&hellip;]
- [Sportsbet.io To Giveaway 2mbtc Free Bet To Her Users To Mark New Bitcoin Logo On Watford FC T-Shirt.](https://diutocoinnews.com/2019/09/sportsbet-io-to-giveaway-2mbtc-free-bet-to-her-users-to-mark-new-bitcoin-logo-on-watford-fc-t-shirt/): Sportsbet.io boosts partnership with Watford FC with a new bitcoin Logo to be attached on Watford FC jersey. Watford FC official jersey will receive a new bitcoin logo to help drive awareness and cryptocurrency education to her supporters.&nbsp; The partnership was meant to help boost bitcoin awareness creation to football fans. Sportsbet.io wishes to use the same medium to show appreciation to the bitcoin community for their continued support.&nbsp; “Some of the biggest challenges we and others like us face is raising awareness, dispelling common myths around cryptos and educating the public on the advantages and opportunities presented by cryptocurrencies,” Justin [&hellip;]
- [Blockchain User Group Announces Partnership With IBM and Vite Lab To Train 1000 Blockchain Developers.](https://diutocoinnews.com/2019/09/blockchain-user-group-announces-partnership-with-ibm-and-vite-lab-to-train-1000-blockchain-developers/): BlockchainDev1000 initiative program powered by Blockchain Nigeria User Group got a huge boost recently as IBM Global and Vite Lab formally confirms partnership to drive the success of the project. The Blockchain User Group aims to use this partnership to help grow talents in the blockchain technology sector. This will help young people to excel by building applications needed to fill the gap in the ecosystem.  What we are doing, is to invest in their talent, and that talent investment will reap significant rewards for them as they grow.&nbsp; The program will train 1000 blockchain developers in Nigeria on different skillsets [&hellip;]
- [SEC Nigeria sets up a 10 member committee to draft a framework for blockchain and  cryptocurrency.](https://diutocoinnews.com/2019/09/sec-nigeria-sets-up-a-10-member-committee-to-draft-a-framework-for-blockchain-and-cryptocurrency/): At the just concluded second Annual Capital Market Meeting, Nigeria&#8217;s Security And Exchange Commission SEC Nigeria has set up a 10 member committee to help draft recommendations for blockchain and virtual assets framework for the Nigeria Capital Market. The Fintech Roadmap Working Group Committee will help develop a supportive framework for blockchain and virtual assets regulations aimed at effective investor protection, financial market integrity, and financial stability. The 10 member committee presented the Fintech Roadmap Report to the Nigeria Capital Market in August, 2019. The report had these recommendations: Classify cryptocurrency as securities and commodities but not as currency. Regulate and [&hellip;]
- [Stellar Lumen To Airdrop 2 billion XLM to Keybase Messaging App Users Within The Next 20 Months.](https://diutocoinnews.com/2019/09/stellar-lumen-to-airdrop-2-billion-xlm-to-keybase-messaging-app-users-within-the-next-20-months-2/): The Stellar Development Foundation and encrypted messaging service Keybase announced on Monday a 2 billion XLM airdrop, worth roughly $120 million. The Stellar Lumen Keybase Airdrop will see a&nbsp; users monthly airdrops of 100 million XLM within the next 20 months. Keybase currently has 300,000 active users across its various services, according to the company. “All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet – automatically, every month, for as long as the airdrop continues,” according to a blog post shared with Diutocoinnews. Three months of stellar lumen keybase airdrop airdrops [&hellip;]
- [China's Digital Currency To Be Transacted Through Physical Contact Against Facebook's Libra Cryptocurrency.](https://diutocoinnews.com/2019/09/chinas-digital-currency-to-be-transacted-through-physical-contact-against-facebooks-libra-cryptocurrency/): HuAccording to Shanghai Securities News, Mu recently published details on PBoC’s digital currency – apparently being carried out in a secret office away from the bank’s Beijing headquarters. He described it as a digital currency and electronic payment tool with “value characteristics.” My Changchun “Its functional attributes are exactly the same as paper money, but it is just a digital form,” Mu said. Perhaps most notably, he set out some of the digital currency’s technical aspects, and compared it with Facebook’s Libra. PBoC’s digital yuan will be able to be transferred between users without an account and without a mobile or [&hellip;]
- [Announcing Blockchain And Cryptocurrency Awareness Dubbed CampusBCAT 2019.](https://diutocoinnews.com/2019/09/cryptotvplus-announces-blockchain-and-cryptocurrency-awareness-dubbed-campusbcat-2019-5/): Announcing blockchain and cryptocurrency media house from Nigeria is set to commence its educative based Campus Blockchain &amp; Cryptocurrency Awareness Tour dubbed Campusbcat. It is an event across major Nigerian universities starting from the 7th of September 2019 in University of Ibadan. Campus BCAT is a university-wide education program that will teach and expose tertiary education students on the facts and misconception of blockchain and cryptocurrency. Nigeria is a hotbed for cryptocurrency activities in Africa. Nigeria accounts for the highest number of transactions done with cryptocurrency in Africa. The potentials inherent in the country is quite enormous and untapped. The Campus [&hellip;]
- [Coronavirus COVID-19: Kenyans Can Now Process Transaction Below 1,000 KES Free for the Next 90 Days Using Safaricom's M-Pesa.](https://diutocoinnews.com/2020/03/coronavirus-covid-19-kenyans-can-now-process-transaction-below-1000-kes-free-for-the-next-90-days-using-safaricoms-m-pesa/): Following the second case of coronavirus recorded in Kenya, Safaricom, Kenya’s largest telecom and mobile money service provider M-PESA will no longer charge transaction fees for amounts below KES 1,000 ($10) for the next 90 days. According to the Press Release, Safaricom will now allow free sending and receiving of Kenyan Shillings (KES) below 1,000 for the next period of 90 days so as to encourage Kenyans not to use paper money amidst the coronavirus outbreak. The safety move from Safaricom is also expected to support small and micro-enterprises (MSMEs) allowing them to hold up to KES 300,000 in their digital [&hellip;]
- [Tatcoin: What is Tatcoin and Understanding How to Buy Tatcoin on ABiT Network.](https://diutocoinnews.com/2020/03/tatcoin-what-is-tatcoin-and-understanding-how-to-tatcoin-on-abit-network/): What is Tatcoin: Tatcoin is a tradable token for the cryptocurrency market. It will serve as the core transactional currency of the ABiTnetwork.&nbsp; It is a utility token focused on simplifying payment processes for goods and services. It will be available to every user on the ABiT network. What is ABiT Network: ABiT network is a blockchain creative solutions brand in Africa. It has launched a new utility token called TATCOIN. It is a token that will be available for trading at the cryptocurrency market.&nbsp;&nbsp; Click Here To Register and Buy Bitcoin on Binance This utility token is focused on simplifying [&hellip;]
- [A Popular Nigerian Rapper and Motivational Speaker, Eva Alordiah Encouraging Nigerians to Invest in Bitcoin.](https://diutocoinnews.com/2020/03/a-popular-nigerian-rapper-and-motivational-speaker-eva-alordiah-encouraging-nigerians-to-invest-in-bitcoin/): The Nigeria born rapper Eva Alordiah somehow confirms many rumors over being involved in cryptocurrency investment yesterday after posting an update on his Instagram status. This is the first time a Nigeria based rapper is talking about Bitcoin on social media. The Nigerian based raper, Eva is also a song writer and a motivational speaker. Following many crash on various foreign markets, including the cryptocurrency market and stock market. Many investors and traders are looking for a way to stay safe at the market.&nbsp; See Also: You Don’t Know How to Buy Tatcoin? Follow These Steps To Buy Tatcoin and Become [&hellip;]
- [The President of Kenya, Uhuru Kenyatta Encouraging Kenyans to Use Digital Money After Recording the Second Case of Coronavirus.](https://diutocoinnews.com/2020/03/the-president-of-kenya-uhuru-kenyatta-encouraging-kenyans-to-use-digital-money-after-recording-the-second-case-of-coronavirus/): The President of Keya, Uhuru Kenyatta confirms two extra cases of the deadly coronavirus in Kenya. In his address to Kenyans on Sunday, he said that two extra cases of coronavirus has been recorded in Kenya. Also there is an on-going test on 27 persons who came into close contact with the country&#8217;s first patient. Meanwhile, Learning has been suspended in all learnings institutions. Days schools will close down from today while boarding schools will close down from March 18, 2020. Then universities will close down&nbsp; on March 20, 2020.&nbsp; He also encouraged the close down of government offices, businesses and [&hellip;]
- [Central Bank of Nigeria Moves to Sanction Bad Actors Trying to Devalue Naira at Various Markets; a Call for Cryptocurrency Exchange Operators.](https://diutocoinnews.com/2020/03/central-bank-of-nigeria-moves-to-sanction-bad-actors-trying-to-devalue-naira-at-various-markets-a-call-for-cryptocurrency-exchange-operators/): The Central Bank of Nigeria (CBN) moves to arrest Bureau De Change (BDC) operators over various&nbsp; violations in the foreign exchange market. Over 100 BDC operators were fined N5 million each for various violations in the foreign exchange market. The President, Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadebe confirmed this during his conversation with the newsmen after a meeting with the apex bank.&nbsp; See Also: Nigeria Security Exchange Commission Calls For an Emergency Meeting to Maintain the Naira Value at Various Markets Including the Crypto Market. He said that the Central Bank of Nigeria was ready to [&hellip;]
- [Nigerian Naira Now Trades N420 Per US Dollar at the Bitcoin and Cryptocurrency Market.](https://diutocoinnews.com/2020/03/nigerian-naira-now-trades-n420-per-us-dollar-at-the-bitcoin-and-cryptocurrency-market/): There is a severe pressure on Nigeria’s foreign exchange market which has led to significant depreciation of the Naira across all the market segments, with some experts predicting a further depreciation of the Naira by June. Most cryptocurrency exchanges like Quidax and other exchange including Luno, Naijacrypto, Binance and others are selling on an average of N400 &#8211; N420 Naira per One US Dollar. The value of Naira significantly reduced against the US Dollar at $1/N403 at the cryptocurrency market indicating N23 (around 1.5 per cent) loss compared to $1/N380 recorded on Wednesday. The Nigerian currency also lost against euro as [&hellip;]
- [Coronavirus COVID 19: Nigerian Naira (NGN) Trades 380 per US dollars on the Crypto Market.](https://diutocoinnews.com/2020/03/coronavirus-covid-19-nigerian-naira-ngn-trades-380-per-us-dollars-on-the-crypto-market/): Coronavirus COVID 19: Nigerian Naira (NGN) Trades 380 per US dollars on the Crypto Market Following the Naira Crash on Crude Oil Market. The value of Nigerian Naira crashes more at the foreign exchange market because of the massive crash in crude oil price despite the constant intervention from the Central Bank of Nigeria which is heavily affecting the country&#8217;s foreign reserve. Moreover, the heavy pressure on Nigeria’s foreign exchange market has affected the price of Naira across all the market segments including the Bitcoin market and other cryptocurrency market. The issue of Coronavirus has affected the world economy, causing a [&hellip;]
- [Diutocoinnews Weekly: Announcing Diutocoinnews Magazine, a Weekly Publication to Fight Fake Cryptocurrency News and Scams. ](https://diutocoinnews.com/2020/03/diutocoinnews-weekly-announcing-diutocoinnews-magazine-a-weekly-publication-to-fighting-fake-cryptocurrency-news-and-scams/): Diutocoinnews Magazine is a weekly publication from Diutocoinnews Media. The main focus of Diutocoinnews Magazine is to investigate fake news, critical cryptocurrency known scams or suspected scams in Nigeria and Africa. Diutocoinnews Magazine will be live by the third quarter of 2020. You can follow us on Twitter or join telegram @diutocoinnews. Subscribe to our Channel. The motto is “Safe Crypto, Faster Adoption”. We believe that when people get to see reasons to believe in what they are being told to use, they will find it more enthusiastic to use. Getting people to be interested to use cryptocurrency is a different [&hellip;]
- [Nigeria Security Exchange Commission Calls For an Emergency Meeting to Maintain the Naira Value at Various Markets Including the Crypto Market.](https://diutocoinnews.com/2020/03/nigeria-security-exchange-commission-calls-for-an-emergency-meeting-to-maintain-the-naira-value-at-various-markets-including-the-crypto-market/): Acting Director-General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk calls for an emergency meeting to safe the country&#8217;s economy against the consequenses following the fall in the value of naira and increasing spread of coronavirus disease. Uduk said that Nigeria&#8217;s 2020 budget is seriously threatened when she was addressing newsmen in Abuja, on its forthcoming International conference on Nigeria’s Commodities Market.&nbsp; She also notes that the Commission will be looking at the new developments in the global market to control the effect on the Nigerian capital market. And also other foreign exchange sectors including crypto market. She also [&hellip;]
- [Announcing Campus Blockchain Awareness Tour — Campusbact 2020.](https://diutocoinnews.com/2020/03/announcing-campus-blockchain-awareness-tour-campusbact-2020/): Campus BCAT is a university-wide education program aimed at teaching and exposing students on the facts and misconception of blockchain technology and show them the possible career paths that can be followed in the industry. Over the years, there has been an increase in the number of those interested in cryptocurrencies and blockchain technology. however, for many such understanding and interest, it&#8217;s not complete while for some others, the knowledge is limited. Campus BCAT therefore presents a platform and opportunity that students of tertiary institutions across Nigeria can leverage on to increase their knowledge and if possible create a path and [&hellip;]
- [An Exclusive Interview [Q&amp;A] with Founder &amp; CEO, Dan Holdings of Blockfinex, Telechat and CoinsApp, Danny Oyekan.](https://diutocoinnews.com/2020/03/an-exclusive-interview-qa-with-founder-ceo-dan-holdings-of-blockfinex-telechat-and-coinsapp-danny-oyekan/): Danny Oyekan is a Nigerian digital currency entrepreneur and founded the Dubai based blockchain company Dan Holdings. He is also a founder of Dan Ventures. Oyekan has over 7 years experience in IT infrastructure. He was once involved in other technology startups like Fuel Delivery and Food Delivery startups in 2016.&nbsp; In this Q&amp;A, Oyekan provides clarity about Dan Holdings, his background and experience in the crypto industry within Africa and shares his views on cryptocurrency adoption in Africa. Q: Who is Danny Oyeka could you give us a little insight into your background? A: I grew up in Lagos Nigeria [&hellip;]
- [Conventional Banks in Nigeria Loses 4.1 Million Bank Customers to Mostly Quick Loan Service Fintech Companies Including Creditcoin.](https://diutocoinnews.com/2020/03/conventional-banks-in-nigeria-loses-4-1-million-bank-customers-to-mostly-quick-loan-service-fintech-companies-including-creditcoin/): Conventional banks appear to be losing customers to financial technology companies (Fintechs). There is an increase in the number of quick loan service and other financial services exclusive to traditional banks now being offered by Financial technology companies like Carbon. See Also: Nigeria Based Micro Lending Platform Aella Credit Secures $10 million in Funding to Launch New Blockchain Based Credit Loan Service Creditcoin. The latest Industry Statistics Data from the Nigerian Interbank Settlement System (NIBSS) shows that the number of current accounts went down from 25.28 million at the end of December 2019 to 25.27 million accounts in January 2020.&nbsp; These [&hellip;]
- [Amidst the Growing Number of Cryptocurrency Users in Nigeria, Cashless Policy from the Central Bank of Nigeria Starts From 1st April 2020.](https://diutocoinnews.com/2020/03/amidst-the-growing-number-of-cryptocurrency-users-in-nigeria-cashless-policy-from-the-central-bank-of-nigeria-starts-from-1st-april-2020/): According to the Central Bank of Nigeria (CBN), the cashless policy guidelines will take effect starting from 1st of April, 2020.  As regards to this development, most commercial banks like GTBank and other banks in the country have started sending out reminders to their customers earlier before the date it will take effect. According to a message sent out by Guaranty Trust Bank Plc, customers will be charged for deposits and withdrawals exceeding the limits set by the CBN. This new extra fee charge is different from the already existing charges on withdrawals. Additionally, individual bank account holders will be charged [&hellip;]
- [Nigerian Blockchain-based Startup ABiT Network Acquires College Situation Android App for N22 Million Naira.](https://diutocoinnews.com/2020/03/nigerian-blockchain-based-startup-abit-network-acquires-college-situation-android-app-for-n22-million-naira/): Nigerian blockchain-based startup ABiT Network announced that it has acquired College Situation Android App for N22 Million Naira. ABiT Network, a blockchain based solutions provider with offices in Nigeria, Dubai and the USA acquires College Situation. College Situation is a three-weeks old mobile app enabling African students secure scholarships and fellowship programmes abroad. The College Situation android app developed by Favour Ori went live on February 9, 2020. But then on February 28, 2020, ABiT Network acquired the barely three-weeks old android app. Speaking on the acquisition of the android app, Founder and CMO of ABiT Network, Mr Gaius Chibueze said [&hellip;]
- [Celo Camp for Africans; Apply for the Celo Camp Competition and Win $10,000  Powered by Celo Labs and Upright.](https://diutocoinnews.com/2020/03/celo-camp-for-africans-apply-for-the-celo-camp-competition-and-win-10000-powered-by-celo-labs-and-upright/): You can now apply for the Celo Camp Competition to win. Africa Blockchain Institute in partnership with Celo Labs and Upright has announced the opening of Celo Camp application for Africans.&nbsp; In a statement by the Executive Director, Mr. Kayode Babarinde, he said; “the collaboration was necessary as it align with the goal of the Institute, in raising more African Blockchain StartUps in providing lasting solutions to the economic challenges we face in Africa. This call allows us as Africans to further demonstrate our prowess on the Fourth Industrial Revolution in servicing the needs of Africans.&#8221; Celo Camp is an independent [&hellip;]
- [Binance Adds Support for Nigerian Naira on Binance P2P Platform Competing With Paxful.](https://diutocoinnews.com/2020/03/binance-adds-support-for-nigerian-naira-on-binance-p2p-platform-competing-with-paxful/): Binance Cryptocurrency Exchange adds support for the Nigerian Naira (NGN) on Binance P2P (peer-to-peer) platform as part of its ongoing fiat-to-crypto expansion. This is a big competition for leading peer-to-peer platforms like Paxful. Binance recently launched Binance P2P, a peer-to-peer platform launched under the Binance exchange. Nigerian Naira is the first fiat to be launched on the platform.&nbsp; Starting from March 4, Binance P2P users can trade major cryptocurrencies such as Bitcoin (BTC), ETH using NGN with zero transaction fees.&nbsp; Binance P2P users in Nigeria can now post trade adverts for any trades through the P2P Merchants. With the Nigerian Naira [&hellip;]
- [Blockfinex Plans to Launch Three New Stablecoins for the African Market, Naira, USD and Gold Stablecoins](https://diutocoinnews.com/2020/03/blockfinex-plans-to-launch-three-new-stablecoins-for-the-african-market-naira-usd-and-gold-stablecoins/): Blockfinex Cryptocurrency owned by Dan Holdings plans to launch three new stablecoins for the Nigerian and African Market. According to the Chairman of Dan Holdings Group, Mr. Danny Onyekan, the reason behind expanding into Nigeria and other African markerts is to give users access to financial services through the use of cryptocurrency and stablecoins. He also notes that the company has this vision to decentralise finance. According to Oyekan, the company is currently working on giving its users access to lending and portfolio investments. Additionally, he disclosed to journalists that the company plans to move into its Lagos office in Nigeria [&hellip;]
- [Following the New Case of Coronavirus in Nigeria, the Value of Naira Depreciates to Dollar Affecting the Price of Bitcoin to Naira.](https://diutocoinnews.com/2020/03/following-the-new-case-of-coronavirus-in-nigeria-the-value-of-naira-depreciates-to-dollar-affecting-the-price-of-bitcoin-to-naira/): The Nigerian Naira price to dollar depreciates, trading past N400 to dollar at the forward market after Nigeria recorded its first case of coronavirus. Naira is priced at N413.55 to the dollar which is higher and more expensive compared with the N399.73 that it was trading last two weeks. Wondering what is a forward market? Forward Market is an over-the-counter marketplace that sets the price of a financial instrument or asset for future delivery. Forward markets can be used in trading various instruments, mostly at the foreign exchange market. Meanwhile, from a bloomberg survey, the decrease in foreign reserves and lower [&hellip;]
- [The Nigeria Securities and Exchange Commission (SEC) Sets Out to Clamp Down on Ponzi Schemes or Illegal Fund Managers in Nigeria.](https://diutocoinnews.com/2020/03/the-nigeria-securities-and-exchange-commission-sec-sets-out-to-clamp-down-on-ponzi-schemes-or-illegal-fund-managers-in-nigeria/): The Securities and Exchange Commission (SEC) is set out to clamp down on organisers of ponzi schemes or any illegal fund managers in Nigeria.&nbsp; Mrs Efe Ebelo, the Head, Corporate Communications of SEC said this in a statement on Sunday. During the conference in Abuja, the Acting Director-General of the commission, Ms Mary Uduk also assured investors of the commitment of the SEC to fight ponzi scheme. Uduk also assured investors that the enforcement department of the commission will be working toward prosecuting promoters of any ponzi scheme they confirm.&nbsp; Follow Diutocoinnews on Twitter In order to ensure that the commission [&hellip;]
- [Akoin Foundation Reveals Intention to Build Akoin Cryptocurrency Using Stellar Blockchain.](https://diutocoinnews.com/2020/03/akoin-foundation-reveals-intention-to-build-akoin-cryptocurrency-using-stellar-blockchain/): Akoin Foundation has revealed the blockchain to be used in developing Akoin Cryptocurrency. The Grammy-award winning artist and producer Akon, will be launching Akoin cryptocurrency for Africa on the Stellar blockchain network. Following a tweet from the Akoin Foundation, they revealed; “We’re pleased to announce that we’ve partnered with Stellar for Akoin. Stellar will serve as the blockchain which Akoin is built upon, both the token and the wider ecosystem.” Jon Karas, co-founder and President of Akoin, said that &#8220;Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, particularly in areas such as Africa”. [&hellip;]
- [Diutocoinnews Weekly: LocalCrypto Trading House Adds Four New Payment Methods for African Users. ](https://diutocoinnews.com/2020/03/diutocoinnews-weekly-localcrypto-trading-house-adds-four-new-payment-methods-for-african-users/): LocalCrypto a rebranded cryptocurrency peer to peer trading platform formerly known as LocalEthereum adds four new payment methods.&nbsp; The newly added payments method is for the African market to enable its users purchase Bitcoin and Ethereum on its platform. LocalCrypto currently allows users to buy crypto using M-PESA The newly added payment methods on Local Cryptos now includes: Follow Us Diutocoinnews on Twitter Chipper Cash – A cross-border mobile payment processing app operating in Ghana, Kenya, Rwanda, Tanzania, Uganda, and Nigeria. EcoCash – A top mobile app money transfer service provider available Zimbabwe allowing users to send RTGS to any other [&hellip;]
- [Patricia Technologies Launches its first Working Bitcoin ATM Card Called “Patricia Bitcoin ATM Card” Powered by Verve Cards.](https://diutocoinnews.com/2020/02/patricia-technologies-launches-its-first-working-bitcoin-atm-card-called-patricia-bitcoin-atm-card-powered-by-verve-cards/): Patricia, a gift card market and online mobile recharge platform launches its Patricia Bitcoin ATM, which some stakeholders claim is the first working Bitcoin ATM Card in Nigeria and Africa.&nbsp; Patricia makes it easier for old and new users to buy, trade and spend bitcoin around the country. This new strive for Patricia will give users of bitcoin in Nigeria access to everyday bitcoin to naira nd naira to bitcoin transactions at the swipe of a card. The new Patricia Bitcoin ATM Card will enable both old and new users to process instant cash withdrawals directly from their Bitcoin or Naira [&hellip;]
- [Nigeria is Not Ready to Issue Any Cryptocurrency Regulations in the Country Anytime Soon; Says Nigeria Deposit Insurance Corporation. ](https://diutocoinnews.com/2020/02/nigeria-is-not-ready-to-issue-any-cryptocurrency-regulations-in-the-country-anytime-soon-says-nigeria-deposit-insurance-corporation/): There are indications that financial regulators of Nigeria is not ready to regulate the cryptocurrency space anytime soon in the country. Dr. Ibrahim Alley of the Research Department of the Nigeria Deposit Insurance Corporation (NDIC) has confirmed this situation in the Nigerian financial sector at the forum of the Finance Correspondents Association of Nigeria (FICAN) in Abuja.&nbsp; Dr. Ibrahim Alley said that some countries around the world has recognised crypto currencies because the level of its economic development can accomodate the severe harm it can cost investors.&nbsp; He notes that Nigerian regulators doesn&#8217;t want Nigerians to invest in schemes or new [&hellip;]
- [Federal Government of Nigeria Donates N97.3 billion to Fund Young Innovators in Blockchain Technologies and Other Technologies.](https://diutocoinnews.com/2020/02/federal-government-of-nigeria-donates-n97-3-billion-to-fund-young-innovators-in-blockchain-technologies-and-other-technologies/): The federal government of Nigeria has released N97.3 billion to fund young innovators who are pssionate on developing great technologies for the digital economic growth of the country.&nbsp; Moreso, the Central Bank of Nigeria (CBN) has released N90billion soft loan facility to support&nbsp; small scale agricultural enterprises grow in the country. See Also: Federal Government of Nigeria Looking to Digitize the Economy to Encourage IT Skills Acquisition These were the results of the meeting presided by the Vice President Yemi Osinbajo at the Presidential Villa, Abuja, on Tuesday. The meeting was held to review the progress made so far under the [&hellip;]
- [Zenith Bank to Collaborate With Fintech Payment Platforms to Drive Financial Digital Banking in Nigeria.](https://diutocoinnews.com/2020/02/zenith-bank-to-collaborate-with-fintech-payment-platforms-to-drive-financial-digital-banking-in-nigeria/): Zenith Bank reportedly has started partnering with Fintech companies to drive payment solutions and other financial products to its customers says Ebenezer Onyeagwu, Chief Executive Officer of Zenith Bank Plc.  The new development was disclosed by Onyeagwu during a recent exclusive appearance on CNBC Africa to reflect on the company’s audited 2019 financial statement. According to Onyeagwu, the increase in the company&#8217;s focus towards digital banking is partly because of the N208.8 billion profit after tax that was reported in 2019. Recall that in 2019, Zenith Bank’s profit after tax had 7.9% growth, up from N193.4 in 2018. With the significant [&hellip;]
- [African Digital Venture Startups Founders Can Now Apply for the eFounders Fellowship Class 9 Organized by Alibaba Business School.](https://diutocoinnews.com/2020/02/african-digital-venture-startups-founders-can-now-apply-for-the-efounders-fellowship-class-9-organized-by-alibaba-business-school/): Alibaba Business School announces a new call for the application of the eFounders Fellowship Class 9. It is open to founders/co-founders of digital ventures from Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Botswana, South Africa. The eFounders Fellowship program is organized by Alibaba Business School alongside the United Nations Conference on Trade and Development (UNCTAD). Application Deadline: March 27th 2020 The eFounders Fellowship Program will be supporting eCommerce and digital innovations across the various African countries. The eFounders Fellowship Program will be supporting top entrepreneurs in the region.&nbsp; See Also: Nigeria SmartBag Blockchain Pioneer and Provider, Temie Wins Jack Ma’s $250,000 Funding for [&hellip;]
- [Bitfxt Cryptocurrency Exchange Gets Extra 45 Billion Naira From a UK based Company Payitup Clearinghouse Ltd. ](https://diutocoinnews.com/2020/02/bitfxt-cryptocurrency-exchange-gets-extra-45-billion-naira-from-a-uk-based-company-payitup-clearinghouse-ltd/): Bitfxt, a Nigerian cryptocurrency startup, said it has raised N5.45 billion from Payitup clearinghouse Ltd with an extra 45 billion naira for margin trading facility.&nbsp; The blockchain startup Bitfxt announced this on it twitter handle. Payitup Clearinghouse is the parent company of Zimbabwean startup Payitup. The Zimbabwean startup raised $13-million from the UK’s Thawer Management Fund. The said amount was raised in a Series A funding round from Payitup and it&#8217;s expected to help the company develop and grow it&#8217;s service competing with rivals like Quidat and Paychant. See Also: Nigerian Fintech Startup, Carbon, Announces a $100,000 pan-African Funding for Startups [&hellip;]
- [Binance Nigeria Releases List of Binance Weekly Promo Winners of 55,000 naira and Beyond. ](https://diutocoinnews.com/2020/02/binance-nigeria-releases-list-of-binance-weekly-promo-winners-of-55000-naira-and-beyond/): Following the binance weekly promo which began from 2020/02/19 at 10:00 AM to end on 2020/03/03.&nbsp; Binance rewards crypto traders who deposits and trades on binance with up to 55,000 NGN every week.&nbsp; A total of 30 Binancians will be rewarded on weekly basis. Binance Nigeria lists the following binancians as successful binance weekly promo winners for the week: Ne****te@***.com 55,000 naira. Mu****22@***.com 36,000 naira. An****07@***.com 9000 naira. Ag***am@***.com 9000 naira. Ma****ke@***.com 9000 naira. Other winners were rewarded with 3,600 naira and the list can be seen from the picture below: Full Details: Binance Promo: Trade and Win N55,000 naira Weekly [&hellip;]
- [A New Report by African Development Bank Lists Blockchain Technology Among the Top Six Key Technology For Africa.](https://diutocoinnews.com/2020/02/a-new-report-by-african-development-bank-lists-blockchain-technology-among-the-top-six-key-technology-for-africa/): According to the latest 2020 report by the African Development Bank Group (AfDB). Blockchain Technology is the sixth among the other listed technologies expected to disrupt Africa.&nbsp; The latest report shows the top six technologies by capital investment which is expected to drive big business opportunities in Africa.&nbsp; The top six technologies are listed below: Follow Diutocoinnews On Twitter Internet of Things (IoT) – $110.8M Big Data – $9.5M Additive Manufacturing – $47M Artificial Intelligence (AI) – $17.5M Drones – $7.9M Blockchain – $14.9M According to the report, blockchain technology recorded $14.9 million capital investment in Africa with a 16 percent [&hellip;]
- [Diutocoinnews Weekly: Facebook the Libra Stablecoin Developer Welcomes New Member into Libra Association.](https://diutocoinnews.com/2020/02/diutocoinnews-weekly-facebook-the-libra-stablecoin-developer-welcomes-new-member-into-libra-association/): Diutocoinnews Weekly: Facebook the Libra Stablecoin Developer Welcomes New Member into Libra Association. This week on cryptocurrency news update in Nigeria. Facebook pioneered Libra Cryptocurrency welcomes shopify into Libra Association. The Digital Commerce Platform Shopify Joins Facebook Libra Association. Shopify announced the new development through a blog post on Friday making it the most recent of the Libra Association after the Vodafone exit. The Facebook developed stablecoin called Libra will be governed by the Libra Association.&nbsp; This is the first new member of the organization since its formation four months ago. According to the blogpost, Shopify said it intends to &#8220;work [&hellip;]
- [Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Utilizing Blockchain Smart Contract Technology.](https://diutocoinnews.com/2020/02/eastern-and-southern-african-trade-and-development-bank-tdb-closes-a-22-million-sugar-deal-utilizing-blockchain-smart-contract-technology/): Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Using Smart Contract Blockchain Technology. Eastern and Southern African Trade and Development Bank (TDB) closes a $22 million sugar deal in its first live trade-finance transaction using smart contract feature of blockchain tech. The news broke out during the AfricaCom event in Cape Town in the previous weeks. During the million dollar sugar deal, a letter of credit confirmation and a discounting transaction were digitally passed in a private blockchain. This reduced the usual four days period set for cross-border payments. &#8220;With this transaction, we have [&hellip;]
- [Aza Finance formerly BitPesa Announces Twelve Open Aza Finance Jobs for Nigeria and other African Countries.  ](https://diutocoinnews.com/2020/02/aza-finance-formerly-bitpesa-announces-twelve-open-aza-finance-jobs-for-nigeria-and-other-african-countries/): Kenyan based fintech startup and crypto service provider AZA Finance, formerly known as BitPesa announces available BitPesa jobs open for hiring for various roles. There are twelve Aza finance jobs available for applicants in the following cities: Nairobi, Kenya Kampala, Uganda Dakar, Senegal Lagos, Nigeria Accra, Ghana Abidjan, Ivory Coast Qualified applicants from these cities are free to submit their curriculum vitae for the BitPesa job. Below are the available open positions to apply: Position: People Operations Lead (Lagos, Nigeria): Job Description: As the POL personnel, you are responsible for maintaining and enhancing the Company’s human resources by planning, implementing, and [&hellip;]
- [While Less than 30 percent of Nigerians Have Social Media Accounts, How Many Has Bitcoin Wallets?](https://diutocoinnews.com/2020/02/while-less-than-30-percent-of-nigerians-have-social-media-accounts-how-many-has-bitcoin-wallets/): With the Struggle for Mass Adoption, Less than 30 percent of Nigerians Have Social Media Accounts, How Many Nigerians Have Bitcoin Wallets?  According to the Digital 2020 Global Overview report, 60 percent of Nigeria’s over 200 million citizens is still not connected to the internet while only 10 percent are active on social media. The report was ompiled by ‘We Are Social and Hootsuite&#8217;. The report shows that digital, mobile, and social media have become a part of everyday life for people all over the world, including Nigeria. This new report shows that not up to 50 percent of the country&#8217;s [&hellip;]
- [Binance Promo: Trade and Win N55,000 naira Weekly on Binance.](https://diutocoinnews.com/2020/02/binance-promo-trade-and-win-n55000-naira-weekly-on-binance/): The binance weekly promo will be rewarding those who deposit and trade on binance with up to 55,000 NGN every week. A total of 30 Binancians will be rewarded on weekly basis. The Competition will run from 2020/02/19 at 10:00 AM and end on 2020/03/03 at 10:00 AM (UTC). The binance weekly promo winners will be selected randomly if they meet the criteria set below for the competition. Follow These Rules to Participate: Deposit and Trade at least 15,000 NGN twice a week. Prize Distribution is as follows: First Place &#8211; gets $150 ( 55,000 NGN). Second Place &#8211; gets $100 [&hellip;]
- [Nigerian Fintech Startup, Carbon, Announces a $100,000 pan-African Funding for Startups in Africa.](https://diutocoinnews.com/2020/02/nigerian-fintech-startup-carbon-announces-a-100000-pan-african-funding-for-startups-in-africa/): Nigerian fintech startup, Carbon, has announced a $100,000 pan-African fund for startups in Africa. According to the fintech startup, the Carbon Disrupt Fund set aside to help in funding and pushing up budding tech entrepreneurs on the continent. The company will invest $10,000 per startup in exchange for a 5% equity. Moreso, startups will be able to access Carbon’s API, and leverage Carbon’s growing customer base and innovative technology platform. Additionally, the fund will be used to provide mentorship for successful funded startups allowing them to access to Carbon’s customers and payment platform. They will also be eligible for an office [&hellip;]
- [Nigeria Officially Gets its First Bitcoin ATM Machine in Ajah Area of Lagos State.](https://diutocoinnews.com/2020/02/nigeria-officially-gets-its-first-bitcoin-atm-machine-in-ajah-area-of-lagos-state/): Bitcoin ATM in Nigeria: Blockstale officially installs the first working bitcoin automatic teller machine in Nigeria at Ajah area of Lagos State. Currently, bitcoin investors and traders can finally buy bitcoin with Bitcoin ATM. The Bitcoin ATM is now open for processing Bitcoin withdrawals for people using Bitcoin in Nigeria. The first bitcoin Bitcoin ATM machine in Nigeria was designed in Shenzhen by the founder and chief executive officer of Blockstale, Daniel Adekunle.&nbsp; The newly installed Bitcoin ATM is siting at a bar and lounge in the Ajah area of Lagos State. According to Wee Tracker Reports, this is the first [&hellip;]
- [Binance Sets New Fixed Deposit Fee at N150 for Up to 18 million Naira Deposits.](https://diutocoinnews.com/2020/02/binance-sets-new-fixed-deposit-fee-at-n150-for-up-to-18-million-naira-deposits/): Binance the largest world cryptocurrency exchange by trading volume announces a new binance deposit fee for Naira deposits. After it&#8217;s partnership with Flutterwave, a bills and online mobile payments service provider in Nigeria, allowing Nigerians to process naira deposit on binance with 1.4 percent naira depoist fee charge.&nbsp; The crypto trading house announced today that it will be opening a new fixed naira deposit fee charge each bank transfer.&nbsp;&nbsp; See Also: Nigeria Open Naira Deposits For Nigerian Naira Through Flutterwave.&nbsp; The new deposit fee charge will take effect on Monday 17 February 2020 10:00 AM (UTC). This means that for every [&hellip;]
- [Diutocoinnews Weekly News Update: National Bank of Egypt Joins RippleNet Network Utilizing Blockchain Technology.](https://diutocoinnews.com/2020/02/diutocoinnews-weekly-news-update-national-bank-of-egypt-joins-ripplenet-network-utilizing-blockchain-technology/): This week on Diutocoinnews weekly news update, the National Bank of Egypt joined RippleNet Network making it the first bank in the country to use blockchain.  National Bank of Egypt Joins RippleNet Network Utilizing Blockchain Service in Remittance Service: The new agreement between the National Bank of Egypt and Ripple will enable the bank create new channels for inward remittances. It will also open up access to new markets, extending its remittance services in the Gulf region. Currently, Egypt is the largest country in remittances recipient in Africa at $26.4 billion. It&#8217;s the fifth largest worldwide as of 2019, after India, [&hellip;]
- [Block.One Announces the Launch of Voice Social Media Platform for Beta Testing.](https://diutocoinnews.com/2020/02/block-one-announces-the-launch-of-voice-social-media-platform-for-beta-testing/): Brock Pierce, blockchain Billionaire behind EOS, recently tweeted about the launch of EOS’ Voice blockchain-based social media network.&nbsp; The beta version of the blockchain powered social media platform, Voice is available from the infamous Voice.com domain. Block.One bought Voice.com domain at $30 million dollars alone. See Also: Block.One Announces Launch Of Voice Social Media App , A Viable Competitor To Twitter. The platform shows itself as a transparent focused social media network. It aims to give highly censored social media platforms like Facebook, and Twitter a run for their money. Voice will not be launching on the EOS mainnet. Voice will [&hellip;]
- [Luno, the Only African Exchange Ranked Among the World Top Twenty Crypto Exchanges By Cryptocompare Exchange Benchmark Ranking.](https://diutocoinnews.com/2020/02/luno-the-only-african-exchange-ranked-among-the-world-top-twenty-crypto-exchanges-by-cryptocompare-exchange-benchmark-ranking/): According to the latest CryptoCompare’s Crypto Exchange Benchmark ranking for Q4, 2019, Luno still ranks as the only African exchange on the top 20 worldwide. The cryptocompare rankings is a popular crypto ranking website and is widely respected in the industry. It also ranks 160 plus spot exchanges across 64 metrics. It serves as a guide to identifying the lowest risk exchanges in the space. See Also: South African Cryptocurrency Exchange Luno Enables Instant Crypto to Bank Accounts Withdrawals for Standard Bank Account Holders.&nbsp; The latest cryptocompare ranking also provides some insights into the space as shown below: 30 percent of [&hellip;]
- [Barcelona Football Club Partners With Chiliz Bloclchain Platform to Create Own Cryptocurrency $BAR tokens](https://diutocoinnews.com/2020/02/barcelona-football-club-partners-with-chiliz-bloclchain-platform-to-create-own-cryptocurrency-bar-tokens/): Barcelona Football Club announced a global partnership with blockchain platform Chiliz and with Socios. Using the digital currency $CHZ, you’ll soon be able to buy Barça Fan Tokens, which give you the right to vote in club polls &amp; earn rewards. The Barca Fan Token ($BAR) will be created in partnership with blockchain firm Chiliz. the Barça Fan Tokens ($BAR) will be used on Socios app allowing fans to vote in polls and surveys on Chiliz&#8217; mobile app, Socios.com. See Also; Juventus Fans Can Now Buy Juventus Fan Token On Socios App To Earn Rewards And For Voting Barcelona Football club [&hellip;]
- [Crypto TVPlus partners with Kubitx to Spread Crypto Awareness using Local Languages](https://diutocoinnews.com/2020/02/crypto-tvplus-partners-with-kubitx-to-spread-crypto-awareness-using-local-languages/): An african focused cryptocurrency media organization, Crypto TVplus has partnered with Blockchain solution company, KuBitx to spread education and awareness on cryptocurrency. KuBitX is the creator of the KuBitX Cryptocurrency exchange,&nbsp; it also offers another defining product &#8211; the KBX Wallet. The KBX Payments Remittances &amp; OTC Wallet (PROW) is a simple but elegant implementation of blockchain technology to provide solutions to unique problems in Africa and the globe.&nbsp; See Also: The Scramble for Number One Naira Stablecoin in Nigeria The KBX Wallet was developed to allow quick and simple payments and remittances. Built on the Stellar blockchain, it ensures ultra [&hellip;]
- [Nigeria Calls for a Delay in the Creation of the Eco Currency for the West African Region.](https://diutocoinnews.com/2020/02/nigeria-calls-for-a-delay-in-the-creation-of-the-eco-currency-for-the-west-african-region/): Nigeria, the country with the largest economy in Nigeria on Monday called for a delay in the launch of a region-wide currency which was scheduled for launch in 2020. Nigeria claims that it&#8217;s reasons behind the call for a delay is that the convergence criteria have not been met by majority of the member countries. “There therefore has to be an extension of time on the take-off of the single currency.” See Also: West African Monetary Zone Including Nigeria Issued a Statement Rejecting the Change of CFA Franc to Eco Currency. We can recall that the West African regional bloc ECOWAS [&hellip;]
- [Nigeria Based Micro Lending Platform Aella Credit Secures $10 million in Funding to Launch New Blockchain Based Credit Loan Service Creditcoin.](https://diutocoinnews.com/2020/02/nigeria-based-micro-lending-platform-aella-credit-secures-10-million-in-funding-to-launch-new-blockchain-based-credit-loan-service-creditcoin/): Aella Credit, a Nigerian fintech startup raises $10 million debt financing round, from HQ Financial Group (HQF), a Singapore-based private company focused in new material science, semiconductor and blockchain financial investments. Aella Credit is a micro-lending platform targeting low-income earners, entrepreneurs and small scale businesses. Aella Credit was founded in 2015 by Akin Jones and Akanbi Wale. This is the second fund raising for Aella after it secured $2 million seed funding at Y Combinator from seed investors including Micheal Seibel, Y Combinator’s CEO; Brian Armstrong of Coinbase; Bill Paladino, former head of Naspers eCommerce); 500 Startups and others. See Also: [&hellip;]
- [Diutocoinnews Weekly: Weekly on Bitcoin News, Kenyan Court Rules Out Cryptocurrency as Securities.](https://diutocoinnews.com/2020/02/diutocoinnews-weekly-weekly-on-bitcoin-news-kenyan-court-rules-out-cryptocurrency-as-securities/): Kenyan Court Rules Out Crypto as Securities.  SEC Nigeria Inaugurates Fintech Roadmap Committee. Africa Still Leads the Bitcoin Google Search. Kenyan Court Rules Out Cryptocurrency as Securities: A Kenyan court has ruled out an ongoing case filed by KeniCoin. Capital Markets Authority of Kenya (CMA) previously warned Kenyans against investing in KeniCoin and the exchange, KeniCoin Exchange. The court ruling might be a stepping stone for setting new standards for the regulation and issuance of cryptocurrency and digital assets. This will see cryptocurrency as securities under Capital Markets Authority of Kenya. SEC Nigeria Inaugurates Fintech Roadmap Committee: The committee implementing Fintech [&hellip;]
- [Four Best Wallets for Staking Cryptocurrency in 2020](https://diutocoinnews.com/2020/02/four-best-wallets-for-staking-cryptocurrency-in-2020/): Coin staking is getting popular among cryptocurrency investors. Coin staking allows cryptocurrency holders to earn passive income on the coin he or she is holding. With the increase in stacking pools and wallets, more and more crypto exchanges are copying the coin staking feature. What Is Staking? Basically, staking is the process whereby an investor locks a certain amount of coins that are based on the Proof-of-Stake consensus algorithm or many of its types for any desired period of time.&nbsp; The ability to stake any amount of cryptocurrency enables an investor get the right to vote and to participate in the [&hellip;]
- [Security Exchange Commission of Nigeria Officially Inaugurated the Fintech Roadmap Report for Implementation.](https://diutocoinnews.com/2020/02/security-exchange-commission-of-nigeria-officially-inaugurated-the-fintech-roadmap-report-for-implementation/): The committee implementing Fintech Roadmap from SEC Nigeria was officially inaugurated. We can recall that the security exchange commission (SEC) accepted the fintech roadmap report submitted by the fintech association of Nigeria last year 2019. The report provided a detailed clarifications on crypto and virtual assets regulation and operations guidance. Check the full fintech roadmap report here. Speaking on the eventual inauguration of the Fintech Roads report covering cryptocurrency and other financial services, Dr Segun—chairman fintech association of Nigeria said; “We are assured that very soon we will be able to have more clarity, we will be able to have more [&hellip;]
- [Uganda Legislators to Clamp Down on Ponzi Schemes and Pyramid Schemes Especially that of Crypto Scams in Uganda.](https://diutocoinnews.com/2020/02/uganda-legislators-to-clamp-down-on-ponzi-schemes-and-pyramid-schemes-especially-that-of-crypto-scams-in-uganda/): Uganda legislators is out to clamp down on ponzi schemes in the country following too many crypto scams recorded in the past, including dunamiscoin scam and other crypto scams. The uganda legistors said this after the State Minister of Finance, Hon David Bahati told the parliament sitting on 04 February 2020 that the government has established an Expert National Task Force on Fourth Industrial Revolution.&nbsp; According to a local outlet the aim is to check out on the issuing of cryptocurrencies and also provide proposals and framework on its application in Uganda. “The Taskforce will also consider global trends with a [&hellip;]
- [Binance Campus Ambassador: Binance Nigeria is Launching Campus Ambassador Program for Universities in Nigeria. ](https://diutocoinnews.com/2020/02/binance-nigeria-is-launching-campus-ambassador-program-for-universities-in-nigeria/): Binance Campus Ambassador is a program aimed to help create new positive relationship between Binance crypto trading spot and the campus community. The binance campus ambassador program will help on board new cryptocurrency users onto the cryptocurrency space in Nigeria and Africa at large. Students will be able to learn what is Bitcoin, cryptocurrency and binance through its various ambassadors. Eligible applicants can apply from all the universities in Nigeria. You have to register on binance trading exchange to be eligible. Follow this link to apply now.&nbsp; Or Visit Binance Blog to Apply. “The Binance Campus Ambassador (Nigeria) is the liaison [&hellip;]
- [Wazirx Token Trading to Go Live on Wazirx Trading Spot. The Largest Cryptocurrency Exchange in India.](https://diutocoinnews.com/2020/02/wazirx-token-trading-to-go-live-on-wazirx-trading-spot-the-largest-cryptocurrency-exchange-in-india/): Wazirx Token Trading: The largest cryptocurrency trading spot in India, wazirx will start trading tomorrow, 5th February 2020. Read Also: How Nigerians Buy and Sell Bitcoin Making Money Through P2P Markets in Nigeria. Following the announcement of Wazirx&#8217;s second phase of its airdrop allowing Nigerians to sign up on the exchange and earn free 25 wazirx token. The cryptocurrency trading spot in India recently announced the launch of its Initial Exchange Offering on Binance, the largest cryptocurrency trading spot by volume. Wazirx is a native token created on Binance Chain with the token symbol as WRX and has a total token [&hellip;]
- [Why Nigeria the Africa's biggest Crypto Hotspot doesn't have any Bitcoin ATM?](https://diutocoinnews.com/2020/02/why-nigeria-the-africas-biggest-crypto-hotspot-doesnt-have-any-bitcoin-atm/): Nigeria is the biggest crypto market in Africa, but based on official records it does not have a functional Bitcoin ATM.&nbsp; WeeTracker reports that this trend in Nigeria despite it backing the first stablecoin project in the continent pegged 1:1to the Nigeria Naira. Other African nations, such as Kenya, Uganda, South Africa, and Djibouti are proud owners of a Bitcoin Automated Teller Machine.&nbsp; The Global Growth of Bitcoin ATM: In 2014, Canada became the first country to have a Bitcoin ATM globally. A year later, the United States followed suit based on its first installation at a cigar bar located in [&hellip;]
- [Blockchain E-Payments, Interswitch List ₦23 billion Bond on Nigeria Stock Exchange Instead of its Could be Blockchain Powered IPO.](https://diutocoinnews.com/2020/02/blockchain-e-payments-interswitch-list-%e2%82%a623-billion-bond-on-nigeria-stock-exchange-instead-of-its-could-be-blockchain-powered-ipo/): E-Payments Giant in Nigeria, Interswitch have announced the listing of its ₦23billion Bond on the Nigerian Stock Exchange (NSE), ahead of its upcoming could be blockchain powered Initial Public Offering (IPO). The bond is an issued debt with an agreement to be paid in fixed interest rate of 15 percent which will run for a period of seven years. Following the list of Interswitch Blockchain&#8217;s bond, the Group Managing Director/Founder Interswitch Limited, Mr Mitchell Elegbe, expressing his delight on the company’s effort in raising funds says; “We are delighted with the outcome of our capital raising efforts. We have evolved over [&hellip;]
- [Nigeria Deposit Insurance Corporation Opens New Unit For Emerging Technological Innovations Called Fintech and Innovation Units](https://diutocoinnews.com/2020/02/nigeria-deposit-insurance-corporation-opens-new-unit-for-emerging-technological-innovations-called-fintech-and-innovation-units/): Around October 2019, NDIC announced intentions to open up a special team of experts in innovation and digital technology including blockchain and artificial intelligence in NDIC.  Then just recently, the Nigeria Deposit Insurance Corporation, NDIC, opened up a new department called “Fintech and Innovations Unit”. This is in response to the emerging technologies like blockchain, artificial intelligence and its innovations and applications in financial services.&nbsp; The new department according to a statement signed by Mohammed Kudu Ibrahim, on behalf of the Director, Communications and Public Affairs, was created to take care of contemporary trends in advanced economies. They will focus on [&hellip;]
- [Diutocoinnews Weekly: Weekly Review on Bitcoin News in Nigeria, Ethereum Blockchain still boosts as the Mother Blockchain for Smart Contracts. ](https://diutocoinnews.com/2020/02/diutocoinnews-weekly-weekly-review-on-bitcoin-news-in-nigeria-ethereum-blockchain-still-boosts-as-the-mother-blockchain-for-smart-contracts/): Watch Full Video On YouTube Here! http://bit.ly/31jumTo Diutocoinnews Weekly: Weekly Review on Bitcoin News in Nigeria, Ethereum Blockchain still boosts as the Mother Blockchain for Smart Contracts.&nbsp; In this week&#8217;s review on Bitcoin news in Nigeria, ethereum blockchain boosts as the most useful blockchain offering the creation of tokens and powering smart contract decentralized application. During the week, there were series of activities recorded on ethereum blockchain network which still boosts the network superiority over other blockchain that are smart contract enabled. First Blockchain Powered Initial Public Offering: One of the most exciting news update on ethereum blockchain this week is [&hellip;]
- [Announcing Buidl Africa to Celebrate Blockchain Entrepreneurs in Africa Tireless Working for Good.](https://diutocoinnews.com/2020/02/announcing-buidl-africa-to-celebrate-blockchain-entrepreneurs-in-africa-tireless-working-for-good/): “Africa will define the future (especially the bitcoin one!),” — CEO Twitter, Jack Dorsey.&nbsp; Blockchain Technology is growing Africa and many opportunities abound in this industry. Foreign investors are seeking to invest in the high potential economy of Africa. With the increase in venture capital flowing into Africa, there comes the need to build Africa for ourselves and our children. According to the 2019 Africa Tech Venture Capital Report by Partech, Africa recorded a total of $2.02 billion in funding, with Nigeria accounting for $747 million followed by Kenya with a total of $564 million. Egypt recorded $211 million in funding [&hellip;]
- [There is Currently a Total of New Minted $6 billion in Stablecoin Waiting to Go Into the Crypto Market.](https://diutocoinnews.com/2020/02/there-is-currently-a-total-of-new-minted-6-billion-in-stablecoin-waiting-to-go-into-the-crypto-market/): Although some experts claim that the next bullish cycle has already started for the cryptocurrency markets, there seems to be a lot of funds waiting to be pumped into the market. A total amount of $6 billion is being stored in different stablecoins pegged to the United States Dollar which probably is waiting for a bullshit signal to disrupt the market.&nbsp; Accounting for this total amount in stablecoin is the US Dollar-backed Tether, TrueUSD, USD Coin, Paxos Standard, Gemini, DAI, BitUSD, and sUSD. All of it accounts to a total of $6 billion. As per the Messari’s Stablecoin Index report, tether [&hellip;]
- [Nigeria Leads the Google Trends Search Data for the Word Bitcoin in 2020 Amidst Unclear Regulations in the Country.](https://diutocoinnews.com/2020/01/nigeria-leads-the-google-trends-search-data-for-the-word-bitcoin-in-2020-amidst-unclear-regulations-in-the-country/): According to the most recent data from Google Search and Google Trends Search for the word ‘Bitcoin’, in 2020, Nigeria once again ranks first leading the list of the top 10 countries searching for bitcoin in 2020.  Meanwhile, the federal government of Nigeria is yet to put up a legal regulatory policy concerning the use of cryptocurrency especially bitcoin and then blockchain technology. The use of Bitcoin continues to surge even though the Central Bank of Nigeria previously said that cryptocurrencies like Bitcoin is a risk and not supported my the CBN.&nbsp; Meanwhile, the search data shows that, among the top [&hellip;]
- [Amidst the Ease in Blockchain Powered IPO, NSE Launches the Growth Board Allowing Startups and SMEs to Raise Capital With Ease.](https://diutocoinnews.com/2020/01/amidst-the-ease-in-blockchain-powered-ipo-nse-launches-the-growth-board-allowing-startups-and-smes-to-raise-capital-with-ease/): In a bid to ease the process required by Small Scale Enterprises (SMEs) and Startups to access long term funds long, the Nigeria Stock Exchange, NSE on wednesday created a platform dubbed Growth Board. The Chief Executive Officer of NSE, Mr. Oscar Onyema disclosed this while launching the NSE Growth Board a part of NSE, allowing the SMEs to list on the Exchange without strict requirements. Commenting on the launch, he said;&nbsp; “This platform is pivotal to our efforts in catering to a segment of the economy that hitherto has been neglected and perceived as a high risk and low reward [&hellip;]
- [Switzerland Approves the First Blockchain Powered IPO on Ethereum Blockchain. ](https://diutocoinnews.com/2020/01/switzerland-approves-the-first-blockchain-powered-ipo-on-ethereum-blockchain/): Switzerland Ethereum IPO The use of blockchain technology continues to grow around the world. This year will definitely be a remarkable year as the world witnesses what many believe is the first major legal step towards a new way for blockchain startups to access capital. As per the press release by Andriotto Financial Services on January 29th, 2020. Switzerland just approved OverFuture SA’s incorporation by using an IPO in the form of tokenized shares stored directly on the ethereum blockchain. According to some experts, the approval from Swiss government is seen as the first Swiss-compliant digitized initial public offering (IPO) of [&hellip;]
- [CBN Quarterly Economic Report: Currency-in-circulation (CIC) Increases by 9.9 Percent to N2.2 Trillion.](https://diutocoinnews.com/2020/01/cbn-quarterly-economic-report-currency-in-circulation-cic-increases-by-9-9-percent-to-n2-2-trillion/): According to the quarterly economic report released by Central Bank of Nigeria (CBN) on Monday, the total fiat money currency-in-circulation (CIC) has risen by 9.9 percent to N2.2 Trillion.&nbsp; The economic report shows that the total deposits at the CBN amounted to N14.35 trillion at end of last November 2019. Which is an increase of 3.6 percent above the level at the end of the third quarter of the year 2019.   The increase in the number in circulation is as a result of the 14.3 percent and 3.1 percent increase in the deposits of the Federal Government and the commercial banks, [&hellip;]
- [Ecobank Fintech Launchs Pan-African Banking Sandbox Allowing Access to its API to Help Regulate and Develop Financial Solutions](https://diutocoinnews.com/2020/01/ecobank-fintech-launchs-pan-african-banking-sandbox-allowing-access-to-its-api-to-help-regulate-and-develop-financial-solutions/): Ecobank Group has announced that it will pilot the launch of its Pan-African Banking Sandbox allowing partners and fintechs across 33 African countries to access its Application Programming Interface (API) to develop financial solutions. The announcement came on Monday, January 27 2020 at which Ecobank expressed its commitment in working with fintechs across Africa to bring more innovation at the banking sector. Ecobank’s Group CEO, Ade Ayeyemi emphasizing on the sandbox program said;&nbsp; “The sandbox is yet another indication that Ecobank firmly believes that digital banking is the future and the future is now. Hence our commitment to lead Africa into [&hellip;]
- [The Google Launchs the First Google Developer Space in Africa Housing the Google Launchpad Accelerator in Africa. ](https://diutocoinnews.com/2020/01/the-google-launchs-the-first-google-developer-space-in-africa-housing-the-google-launchpad-accelerator-in-africa/): The Google Launchs the First Google Developer Space in Africa Housing the Google Launchpad Accelerator in Africa.  The new Google Developer Space is located in Africa’s most active tech hub, Lagos, Nigeria. The hub is open to African developers, entrepreneurs, and startups both in Financial Technology (fintech) and blockchain technology. The new hub will house the Google Launchpad Accelerator in Africa. Tech Enthusiats and other members of the African tech community can use the space for free starting today. The new Google Developer Space will also host developers meetups, training, experts office hours, women-in-tech events, and startup programmes (outside of the [&hellip;]
- [Binance Cryptocurrency Exchange Recently Lowers it's Bitcoin and Ethereum Withdrawal Fees. ](https://diutocoinnews.com/2020/01/binance-cryptocurrency-exchange-recently-lowers-its-bitcoin-and-ethereum-withdrawal-fees/): Binance Cryptocurrency Exchange Recently Lowers it&#8217;s Bitcoin and Ethereum Withdrawal Fees.  One of the world largest cryptocurrency exchange Binance has lowered it&#8217;s withdrawal fees for Bitcoin, Ethereum and Ethereum Based Token. In a bid to offer better service and bring in more users into its trading platform, binance has lowered its withdrawal fee on some cryptocurrencies. The new feature was announced few days after pledging support for coronavirus victims in Wuhan, China. HUOBI CLOUD IS SET TO LAUNCH ANOTHER WHITE LABEL EXCHANGE HIZA IN SOUTH AFRICA.&nbsp; The withdrawal fee charge on Binance for the various services includes: BTC withdrawal fees have [&hellip;]
- [Few Days After Integrating Paystack, Nigerian Crypto Exchange, Naijacrypto Adds Ripple (XRP) Market Allowing it's Users To Buy Ripple With Naira. ](https://diutocoinnews.com/2020/01/few-days-after-integrating-paystack-nigerian-crypto-exchange-naijacrypto-adds-ripple-xrp-market-allowing-its-users-to-buy-ripple-with-naira/): One of the popular cryptocurrency exchanges in Naijacrypto recently introduced Ripple (XRP) market allowing its users to trade ripple on it&#8217;s platform.&nbsp; The new service came few weeks after integrating paystack into it&#8217;s platform allowing Naijacrypto users to deposit and withdraw naira on it&#8217;s platform. The new feature allows buying and selling of crypto using debit cards on the platform. Binance Opens Fiat Gateway For Nigerian Naira Through Flutterwave. Moreso, according to the CEO of Naijacrypto, some other features like Know Your Customer (KYC) requires users to verify their identity only during withdrawals. Users can deposit and trade but will require [&hellip;]
- [South African Cryptocurrency Exchange Luno Enables Instant Crypto to Bank Accounts Withdrawals for Standard Bank Account Holders. ](https://diutocoinnews.com/2020/01/south-african-cryptocurrency-exchange-luno-enables-instant-crypto-to-bank-account-withdrawals-for-standard-bank-account-holders/): South Africa’s exchange, Luno, announced that it has now enabled has automated and instant real-time withdrawals for its customers for crypto to bank accounts transactions with no additional fee charge. This new instant real-time withdrawal service from Luno is a new good development that will encourage cryptocurrency adoption in South Africa. It will help ease the inconvenience attached to long process of cryptocurrency to bank account withdrawals.  According to Marius Reitz, Luno GM for Africa: “Luno customers wanting to withdraw their rands on the Luno platform can now count on real-time processing instead of waiting for manual batch payments, which have [&hellip;]
- [The Bitcoin Kiosk Localbitcoins Reactivating Traders Accounts From Africa After Recently Clamping Down on African Countries](https://diutocoinnews.com/2020/01/the-bitcoin-kiosk-localbitcoins-reactivating-traders-accounts-from-africa-after-recently-clamping-down-on-african-countries/): We previously reported about the bitcoin kiosk, Localbitcoins Clamping Down on Cryptotraders Accounts From African Countries following regulatory tensions. After the news of Localbitcoins reportedly shutting down accounts of cryptocurrency traders from Nigeria, Ghana, Libya, Ethiopia, Botswana and Tunisia and some other African countries. In an email from LocalBitcoins, the peer-to-peer bitcoin kiosk has listed a number of countries defined by the EU commission where they require ‘an enhanced due diligence process’ before they can offer their services. Just few days following the announcement, the international bitcoin kiosk offering peer-to-peer cryptocurrency transactions reactivates some accounts that were previously deactivated. In an [&hellip;]
- [The World Economic Forum (WEF) Releases a New Policymaker Toolkit and Framework for Central Bank Digital Currency (CBDC).](https://diutocoinnews.com/2020/01/the-world-economic-forum-wef-releases-a-new-policymaker-toolkit-and-framework-for-central-bank-digital-currency-cbdc/): The World Economic Forum (WEF) releases a 28 page policymaker toolkit and framework for new central bank digital currency (CBDC).&nbsp; WEF also released a global governance consortium that will serve as a designing framework for the transnational governance of digital currencies, including stablecoins. The new development was unveiled at Davos. This new consortium aims to solve the issue of the transnational governance of digital currencies with a multi-stakeholder approach involving both the public and private sectors. The 28-page policymaker toolkit for CBDC was written by the WEF in an association with over 40 central banks, academic researchers and financial service providers, [&hellip;]
- [Weekly Review on Bitcoin News in Nigeria: World Largest Exchange Binance Donates 10 Million to Victims of Coronavirus.](https://diutocoinnews.com/2020/01/weekly-review-on-bitcoin-news-in-nigeria-world-largest-exchange-binance-donates-10-million-to-victims-of-coronavirus/): Binance Donates 10 Million Chinese Yaun to the Victims of Coronavirus:  Binance has donated 10 million in Chinese Yaun to support the victims of coronavirus in Wuhan, China. Cryptocurrency platforms are offering donations to help support the movement to stop the spread of coronavirus in China.&nbsp; Binance CEO Changpeng Zhao said that Binance made the pledge without making any announcements after he was tagged on twitter by a twitter concerning possible donations through cryptocurrency for the victims of cironavirus.&nbsp; “For #Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help #coronavirus victims. We didn’t [&hellip;]
- [Nedbank, the Second Bank in South Africa to Shut Down Crypto Related Bank Accounts in South Africa.](https://diutocoinnews.com/2020/01/nedbank-the-second-bank-in-south-africa-to-shut-down-crypto-related-bank-accounts-in-south-africa/): Nedbank, one of the South Africa’s large financial institutions, has stopped allowing the opening of new cryptocurrency bank accounts. In an e-mailed response to ITWeb, the bank says: “Nedbank is in the process of assessing its position in respect of virtual currency dealers/traders.” Following the announcement, no major crypto exchange bank account in South Africa banking with Nedbank has been closed. The news around the industry is that Nedbank is checking it&#8217;s regulatory compliant position on offering crypto-related services like opening crypto bank accounts.&nbsp; Farzam Ehsani, co-founder of local cryptocurrency exchange VALR, says: “We have been in contact with Nedbank, and [&hellip;]
- [Global Economic Conditions Survey (GECS) Report Says that the Investors' Confidence in Nigeria Dropped in 2019.](https://diutocoinnews.com/2020/01/global-economic-conditions-survey-gecs-report-says-that-the-investors-confidence-in-nigeria-dropped-in-2019/): According to a survey by the Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants (IMA), investors’ confidence in Nigeria’s economy went down below its nine years average.&nbsp; The update was disclosed yesterday by the organisation in its latest report on Global Economic Conditions Survey (GECS) for Q4 2019. The GECS provides valuable insight into the views of finance professionals on major variables, like investment, employment and costs. The GECS report shows that the market index of investors investing in the Nigerian market went down to minus three (-3) index points in Q4 2019. This is far below the [&hellip;]
- [Remitano Crypto Writing Competition: Publish Your Essay Article on "How I Got My First Bitcoin" and Stand A Chance To Win 200 USDTether.](https://diutocoinnews.com/2020/01/remitano-crypto-writing-competition-publish-your-essay-article-on-how-i-got-my-first-bitcoin-and-stand-a-chance-to-win-200-usdtether/): Remitano Crypto Writing Competition: Publish Your Essay Article on &#8220;How I Got My First Bitcoin&#8221; and Stand A Chance To Win 200 USDTether. The popular Bitcoin kios Remitano, just announced its crypto writing competition dubbed remitano crypto writing competition. This is to celebrate ten years of bitcoin existence and usage. The remitano crypto writing competition is to celebrate not only the ten years of Bitcoin as a digital currency but also to celebrate the upcoming Bitcoin halving happening in not less than six months.&nbsp;&nbsp; The remitano crypto writing competition starts today and ends on Febuary 28, 2020. All article entries will [&hellip;]
- [The Peer-to-Peer Bitcoin Kiosk, Paxful is Building a third School in Kenya Under it's #BuiltwithBitcoin Project.](https://diutocoinnews.com/2020/01/the-peer-to-peer-bitcoin-kiosk-paxful-is-building-a-third-school-in-kenya-under-its-builtwithbitcoin-project/): Paxful, the peer-to-peer bitcoin kiosk recently announced today that work has commenced on a third school in Kenya, Africa. The school is funded by its #BuiltwithBitcoin initiative. The new school is located at Machakos County, Kenya. The paxful #BuiltwithBitcoin School Project is not far from the Kenya capital, Nairobi. Children from three to six years old will be able to enroll into the new school and benefit from the project.&nbsp; Moreso, aside the school being set up by Paxful, a new water well system is also being set up by ZamZam Water. ZamZam Water is also a non-profit organisation building well [&hellip;]
- [The Coinmarketcap 2019 Report Shows that Cryptocurrency Exchange Tokens Like Binance Coin (BNB) Outperformed Bitcoin in 2019.](https://diutocoinnews.com/2020/01/the-coinmarketcap-2019-report-shows-that-cryptocurrency-exchange-tokens-like-binance-coin-bnb-outperformed-bitcoin-in-2019/): Coinmarketcap 2019 Report Shows Exchange Tokens Like BNB Outperformed Bitcoin in 2019. The new coinmarketcap 2019 report was released by Coinmarketcap, the world top cryptocurrency ranking website on the 9th of January 2020. The report covers different market activities recorded in the cryptocurrency market for the year 2019.&nbsp; The 2019 cryptocurrency market closed with a total market capitalization of $193 billion while it saw a higher market capitalization of $366 billion in the first quarter of the year 2019. Bitcoin still share the highest market capitalization of over 60 percent of the total market capitalization.&nbsp; Check Out How to Buy Tatcoin [&hellip;]
- [A New Report Shows There is an Increase in Fintech Startups Offering Services that Allow Nigerian Youths to Buy US Stocks.](https://diutocoinnews.com/2020/01/a-new-report-shows-there-is-an-increase-in-fintech-startups-offering-services-that-allow-nigerian-youths-to-buy-us-stocks/): Fintech startups like Bamboo are helping a good number of young Nigerians to invest in US stocks and assets easily. According to the report released by Quartz Africa Weekly Brief, these fintech startups offering services like payment processors, payment providers and investment platforms largely define the African technology ecosystem.  Moreso, because there is a good number of unbanked persons in Africa, it offers a good opportunity for investors. This somewhat financial development has attracted foreign venture capital investments in payments services and mobile money transfer companies in Africa. Aside payments and digital banking, there is a growing number of “wealthtech” or [&hellip;]
- [Crypto Weekl Review: BFX BitPesa, the First Crypto Service Provider to Secure Remittance License From the Central Bank of Uganda.](https://diutocoinnews.com/2020/01/crypto-weekl-review-bfx-bitpesa-the-first-crypto-service-provider-to-secure-remittance-license-from-the-central-bank-of-uganda/): BFX BitPesa, the First Crypto Service Provider to Secure Remittance License From the Central Bank of Uganda. WAMZ Including Nigeria Rejects the Change of CFA Franc to Eco Currency. The First Successful Blockchain based Electronic Voting in African University System was Done in University of Jos Nigeria. On last week&#8217;s Cryptocurrency News Review, we saw an increase in the record of venture capital investment recorded in 2019. This ismostly from foreign investors showing that Africa is the new frontier for the emerging technology markets.&nbsp; Meanwhile, in this week&#8217;s cryptocurrency news review in Nigeria, we recorded notable news updates. One of them [&hellip;]
- [West African Monetary Zone Including Nigeria Issued a Statement Rejecting the Change of CFA Franc to Eco Currency.](https://diutocoinnews.com/2020/01/west-african-monetary-zone-including-nigeria-issued-a-statement-rejecting-the-change-of-cfa-franc-to-eco-currency/): Eco Currency Following the meeting on thursday, Members of the West African Monetary Zone (WAMZ) strongly condemned the decision by the French-speaking West African states to rename the CFA Franc as “Eco” by 2020. The issue was raised during the extra-ordinary meeting of the Ministers of Finance and Economy and Governors of the Central Banks of WAMZ in Abuja, Nigeria.&nbsp; The Minister of Finance in Nigeria, Zainab Ahmed after the meeting on thursday issued a statement concerning the decision of WAMZ, she said that “the action was inconsistent with the decision of the Authority of the Heads of State and Government [&hellip;]
- [Dash Partners with Bitfxt Cryptocurrency Exchange to Offer Remittance Service to Nigerians at One Percent Fee Charge.](https://diutocoinnews.com/2020/01/dash-partners-with-bitfxt-cryptocurrency-exchange-to-offer-remittance-service-to-nigerians-at-one-percent-fee-charge/): Remittance Service in Nigeria. Lagos, January 17, 2020. Sending remittances to Nigeria cost just 1% with Dash Dash, the top digital currency for international payments and remittance service, today announced a partnership with Bitfxt Exchange, a top Nigerian exchange to offer Dash remittances to Nigerians at a lower fee of one percent. High cost of transaction and delays from traditional money transmitters is of one the international money transfer issues been faced by users for years.&nbsp; A PwC report estimates that in 2018, migrant remittances to Nigeria equaled US$25 billion, representing 6.1 percent of GDP. This also represents 14 percent year-on-year [&hellip;]
- [Nigeria Should be Prepared to Fight New Styles of Cyber Attacks in 2020 Says CSEAN After Nigeria had 167 Cyber Criminals Out of the 281 Global Cyber Criminals Arrested in 2019.](https://diutocoinnews.com/2020/01/nigeria-should-be-prepared-to-fight-new-styles-of-cyber-attacks-in-2020-says-csean-after-nigeria-had-167-cyber-criminals-out-of-the-281-global-cyber-criminals-arrested-in-2019/): Cyber Attacks From Cyber Criminals The recent development and innovations due to the effect of emerging technologies, such as the Internet of Things IoT, Cloud Technology, and Smart Phones has opened new vulnerabilities for cybercriminals to exploit. A total number of 281 global arrests of cybercriminals was recorded in 2019. Out of the 281 persons that was arrested, 167 of them are Nigerians.  Other persons arrested came from various countries including United States, United Kingdom, Kenya, Ghana, France, Italy, Japan, Turkey and Malaysia. Almost 3.7 million USD was recovered and up to 118 million USD was recorded in fraudulent wire transfers. [&hellip;]
- [The Perpetrators of Dunamiscoin Scam to Appear in Court on Jan 22 2020 for Collecting Money from Investors in Pretense.](https://diutocoinnews.com/2020/01/the-perpetrators-of-dunamiscoin-scam-to-appear-in-court-on-jan-22-2020-for-collecting-money-from-investors-in-pretense/): Following the Dunamiscoin scam, State Prosecutors said that they have logged over 4,000 complaints against the popular crypto scam in Uganda by Dunamiscoins Resources Limited.&nbsp; Just after the collapse of the downtown lollipop coin, Samson Lwanga, 37, and Mary Nabunya, 53, both directors of the Dunamiscoin scam appeared before the Law Development Centre court on Monday.&nbsp; Check Out: Joint Statement on Crypto Scam in East Africa. The suspects were charged with 65 counts for falsefully collecting money from investors. The two were accused for luring hundreds of people into the Dunamiscoin Scam. The 65 counts charge was read by the Senior [&hellip;]
- [Blockchain Developers Community of University of Nigeria Jos (UniJos), Conducts University Election Using Ethereum Based Voting Dapp Univote Voting App.](https://diutocoinnews.com/2020/01/blockchain-developers-community-of-university-of-nigeria-jos-unijos-conducts-university-election-using-ethereum-based-voting-dapp/): Blockchain Developers Community of University of Nigeria Jos (UniJos), Conducts University Election Using Ethereum Based Voting Dapp Univote Voting App. A community of cryptocureency and blockchain enthusiasts from the central part of Nigeria developed an ethereum based voting dapp powered by blocking technology.  The blockchain developers community at the Federal University of Jos (UniJos) developed a functioning voting dapp on ethereum test-net. The ethereum dapp is still on the ethereum test-net and can be used for conducting election in Nigeria. Some of the agencies, departments and companies supporting the blockchain powered voting service include: Godfrey Malan – President, NACOSS, UniJos chapter. [&hellip;]
- [In a Bid to Achieve Digital Economy Goal, NITDA Launched a New ICT Hub in Portharcourt for Tech and Blockchain Startups](https://diutocoinnews.com/2020/01/in-a-bid-to-achieve-digital-economy-goal-nitda-launched-a-new-ict-hub-in-portharcourt-for-tech-and-blockchain-startups/): The National Information Technology Development Agency (NITDA builds an Information Technology Innovation and Incubation Park Building at the University of Port Harcourt, Rivers State as part of its ICT projects to support tech and other Blockchain startups The project, which was commissioned by the Minister of Communications and Digital Economy, Isa Ibrahim (Pantami). The new tech hub is aimed at supporting indigenous tech and blocking startup projects solving real life issues using emerging techs like blockchain, artificial intelligence and others.&nbsp; Speaking at the commissioning, the minister said that the ICT Innovation and Incubation Park Building will support tech innovators. The hub [&hellip;]
- [Crypto Weekly Overview: Recent Activities shows Positive Growth in Fintech Startups in Nigeria. ](https://diutocoinnews.com/2020/01/crypto-weekly-overview-recent-activities-shows-positive-growth-in-fintech-platforms-in-nigeria/): This week&#8217;s crypto round-up shows that the Fintech Industry in Nigeria is growing on a good scale encouraging foreign investment in the country for Fintech startups. One of the laudable reports this week shows that the Fintech industry in the country, particularly Fintech startups has attracted over $670 million in five years with over 130 percent increase in 2019.&nbsp; The report suggests that startup and particularly fintech startup growth in Africa increased to over $1 billion with Nigeria ranking first, followed by Kenya and South Africa. This shows that the Fintech Industry in Nigeria and Africa can see a greater growth [&hellip;]
- [Sesacash Launches its Multi-currency Blockchain Wallet Allowing Africans to Spend and Manage Traditional and Digital Currencies Around the World.](https://diutocoinnews.com/2020/01/sesacash-launches-its-multi-currency-blockchain-wallet-allowing-africans-to-spend-and-manage-traditional-and-digital-currencies-around-the-world/): Sesacash launches its multi-currency blockchain payment platform for seamless crypto and fiat payments Looking for a platform that gives you the freedom to spend and manage your money using a decentralized multi-currency wallet?&nbsp; Sesacash lets you transfer and spend digital and traditional currencies anywhere in Africa. It offers effortless means for Africans anywhere to buy, store, exchange and spend their money. When you register with Sesacash, you get your own crypto and traditional currency wallet. The Sesacash wallet supports upto twenty traditional and crypto currency accounts.&nbsp; You can fund your Sesacash wallet accounts with credit/debit card, bank transfer, mobile money or [&hellip;]
- [A New Report Shows that Fintech Startup Funding in Nigeria Recorded $678.73 million Funding in Five Years with Over 150 Percent Increase in 2019.](https://diutocoinnews.com/2020/01/a-new-report-shows-that-fintech-startup-funding-in-nigeria-recorded-678-73-million-funding-in-five-years-with-over-150-percent-increase-in-2019/): Nigeria recorded a remarkable financial year for Fintech startup in the country with over $663.24 million in venture capital. This is the highest venture capital secured in any African country in 2019. According to a 2019 Africa Venture Capital report released on Saturday by WeeTracker, a global tech media site. This is the second time that Nigeria attracted the highest amount in Venture Capital with Fintech startup leading the chart. The African tech and start-up focused report ranked Kenya as the second country with a high increase in 2019 compared to previous years. Kenya covered up to 283.6 percent growth in [&hellip;]
- [World Bank Announces TechEmerge Program Offering $1 Million for Blockchain and Emerging Healthcare Tech Products in East Africa. ](https://diutocoinnews.com/2020/01/world-bank-announces-techemerge-program-offering-1-million-for-blockchain-and-emerging-healthcare-tech-products-in-east-africa/): Just in, World Bank Announces TechEmerge Program Offering $1 Million for Blockchain and Emerging Healthcare Tech Products in East Africa.&nbsp; World Bank is looking to fund healthcare innovators using the new emerging technologies to solve healthcare issues. Blockchain startups utilizing the new tech to offer healthcare service are encouraged to apply for seed funding.&nbsp; Apply Now The program dubbed TechEmerge Health East Africa was flagged off at CES 2020. The program is a part of a World Bank Group (WBG) – CES Global Tech Challenge, pioneered by International Finance Corporation (IFC). The TechEmerge program helps to bring emerging technologies to new [&hellip;]
- [Top Four Big Companies and Government Agencies Offering Blockchain Powered Services in Nigeria.](https://diutocoinnews.com/2020/01/top-four-big-companies-and-government-agencies-offering-blockchain-powered-services-in-nigeria/): Nigeria is fast in adopting the new technologies including artificial intelligence, cloud computing and blockchain. Rules and regulatory policies are being made to help control the use of this tech. The two popular emerging technologies being used are artificial intelligence and blockchain. In Nigeria we have seen some big companies and government agencies including Nigeria Custom Service, using blockchain to facilitate it&#8217;s services.  Top Blockchain service providers used includes: Microsoft Blockchain Service and Oracle Blockchain. Two government agencies, one financial institutions and two payment service provider.&nbsp; They include: International Criminal Police Organization (Interpol). Voguepay. Nigeria Customs Service (NCS). Interswitch Blockchain Service. [&hellip;]
- [Nigeria SmartBag Blockchain Pioneer and Provider, Temie Wins Jack Ma's $250,000 Funding for African Startups.](https://diutocoinnews.com/2020/01/nigeria-smartbag-blockchain-pioneer-and-provider-temie-wins-jack-mas-250000-funding-for-african-startups/): At the grand-finale of the Africa Netpreneur Prize Initiative (ANPI) held in Accra, Ghana. The smartBag blockchain pioneer Temie Giwa-Tubosun has taken home the top prize. Africa Netpreneur Prize Initiative (ANPI), pioneered by Chinese investor Jack Ma has made available $1 million for the 10 finalist that will emerge from the competition. Temie Giwa-Tubosun takes the first price reward home worth $250,000 cash prize About 10,000 entrepreneurs from 50 African countries applied for the competition. Only 10 applicants was selected for the &#8220;Africa&#8217;s Business Heroes,&#8221; finale event, held Saturday in Ghana. The lucky 10 finalist presented it&#8217;s business to the four [&hellip;]
- [Women in Tech: Limestart, a Fintech Company Digitizing Commerce at Point of Sale for SMEs](https://diutocoinnews.com/2020/01/women-in-tech-limestart-a-fintech-company-digitizing-commerce-at-point-of-sale-for-smes/): Women in Tech: Limestart, Digitizing Commerce at Point of Sale for SMEs Makes the Fintech Ten Finalists of the UK-Nigeria Tech Hub Competition. Limestart emerged among the ten finalist at the contest pitch programme hosted by UK-Nigeria Tech Hub in Lagos alongside other female tech startups in Nigeria. A list of the women in tech who were among the ten finalists include:&nbsp; EduFinTech company, ScholarX by Damilola Emuze;&nbsp; A credit inclusion platform, pioneered by Ifeoma Uddoh;&nbsp; Shuttler platform, a shuttle mobile platform by Damilola Olokesusi. Health tech, Mobihealth, by Dr. Funmi Adewara. FinTech Company, Limestart by Keturah Ovio. Limestart is a [&hellip;]
- [Weekly Crypto Overview: Fintech Nigeria Final Roadmap Report Calls Cryptocurrency a Security or Commodity. ](https://diutocoinnews.com/2020/01/weekly-crypto-overview-fintech-nigeria-final-roadmap-report-calls-cryptocurrency-a-security-or-commodity/): In this week&#8217;s overview on cryptocurrency news in Nigeria, fintech association of Nigeria final roadmap report records cryptocurrency not as a currency but as a security or commodity.&nbsp; This calls for regulations which will be issued the same way other securities are regulated in the Nigeria Capital Market. A new development which will give a clear picture to cryptocurrency regulations in Nigeria. The report encourages regulation of virtual financial assets exchanges by the Security Exchange Commission of Nigeria since cryptocurrency will become a tradeable security.&nbsp; The regulation of ICO, STOs and other equity based crowdfunding by blockchain focused fintechs should be [&hellip;]
- [Carbon, the Fintech Zero-interest Loan App Expands to Kenya Following the Acquisition of Amplifypay.](https://diutocoinnews.com/2020/01/carbon-the-fintech-zero-interest-loan-app-expands-to-kenya-following-the-acquisition-of-amplifypay/): Carbon, the Fintech instant loan app expands to Kenya following acquisition of Amplifypay. Carbon is an instant loan app, utility payments and an interest on investment app. The fintech company is a subsidiary if OneFi a quick loan company using data and technology to democratise access to finance in Nigeria.&nbsp; Carbon announced the new development on it&#8217;s twitter handle on December 2019. This marks a new development in digital-only banking in East Africa. “Got friends in Kenya? Spread the Carbon cheer to them! 🥳⁣ “Carbon has arrived in Kenya to provide access to zero interest loans, bill payments, and funds transfers [&hellip;]
- [Kwame Asante from Ghana Pioneers the First Crypto Space Drop in Metal(MTL) Cryptocurrency in Ghana Using Personal Developed Antenna.](https://diutocoinnews.com/2020/01/kwame-asante-from-ghana-pioneers-the-first-crypto-space-drop-in-metalmtl-cryptocurrency-in-ghana-using-personal-developed-antenna/): Ghana pioneers the first crypto space drop in Africa. Kwame Asante is the recipient of the crypto space drop otherwise known as crypto airdrop in Metal (MTL) cryptocurrency.&nbsp; Kwame Asante built an antenna that aids the retrieval of digital currency airdrop from the space. He was able able to receive the cryptocurrency airdrop from the space through the atenna.&nbsp; Moreso, the grant which was received in crypto was sent in Metal (MTL) Cryptocurrency. which is worth $1000. It was converted to Ghana Cedis by Kwame Asante and sent to St. Mary’s school headmistress.  St.Mary&#8217;s school is located in Korle Gonno, Greater [&hellip;]
- [Bitsika, the Naira(abcd) Stablecoin Pioneer in Nigeria Records $1million Transaction few months After Launch.](https://diutocoinnews.com/2020/01/bitsika-the-nairaabcd-stablecoin-pioneer-in-nigeria-records-1million-transaction-few-months-after-launch/): Bitsika, the Naira (ABCD) stablecoin pioneer in Nigeria records $1 million in transaction. This was few weeks after the launch of it&#8217;s mobile app, Bitsika on both android and ios. This includes both deposits, withdraws and money transfers on Bitsika platform. The founder of Bitsika Atsu Davoh announced the new milestone through it&#8217;s twitter. The tweet reads, “We hit a $1 million in transactions today. Quote this tweet with your @BitSikaAfrica username to show some love. 💙💙💙 We appreciate it.” Bitsika helps in remittance and cross-border payments currently in Ghana to Nigeria and vice versa. The cross-border payment process and remittance [&hellip;]
- [Federal Government of Nigeria Reacts to the Change of CFA Currency to Eco Currency Proposed by ECOWAS](https://diutocoinnews.com/2020/01/federal-government-of-nigeria-reacts-to-the-change-of-cfa-currency-to-eco-currency-proposed-by-ecowas/): The Federal Government of Nigeria through it&#8217;s Ministry of Finance, Budget and Planing issued a Press Release saying that the government is studying the situation and will respond in due course.&nbsp; The release letter reads: “Nigeria has received the news of the change of name of the UEMOA currency, the CFA (Communuate Financiere d&#8217;Afrique) to Eco supposedly as the ECOWAS Single Currency. Nigeria is studying the situation and will respond in due course.” The Press Release came through Yunusa Tanko Abdullahi, Special Adviser on media and communication to the honourable minister of&nbsp; fianance budget and planning on Monday 30th December in [&hellip;]
- [Blockchain Startup Bitstop Reveals Plan to Install the First Bitcoin ATM in Nigeria.](https://diutocoinnews.com/2020/01/blockchain-startup-bitstop-reveals-plan-to-install-the-first-bitcoin-atm-in-nigeria/): Bitstop reveals plan to build the first bitcoin ATM in Nigeria at the International Money Transfers and Cross-Border Payments Conference—IMTC Africa 2019 held in Lagos Nigeria.&nbsp; Present at the conference includes; Banks, Mobile Money Operators, Money Transfer Operators (MTOs), digital currency experts, remittance companies, fintechs, financial aggregators, mobile payment processors and regulators across Africa.&nbsp; The IMTC conference is an international conference focused on exploring the remittance and cross-border payments industry including digital currency payments across the globe. One of the areas of focus during the panel discussions includes: Real trends in the West African Remittance Markets.&nbsp; Reasons why Africa is the [&hellip;]
- [Governor Ben Ayade of Cross Rivers State Creates New Ministry for Robotics and Artificial Intelligence in the State.](https://diutocoinnews.com/2019/12/governor-ben-ayade-of-cross-rivers-state-creates-new-minister-for-robotics-and-artificial-intelligence-in-the-state/): Governor Ben Ayade announced the new ministry at Cross Rivers when he was swearing in the new thirty-nine commissioners of Cross Rivers State. Asu Okang, the commissioner for information in Cross Rivers State speaking on why the Governor created the new ministry of robotics and artificial intelligence (AI) in the state says; “The governor in his wisdom refused to call it science and technology because it would be limiting the real essence and the intent of the creation of that ministry.” “Artificial intelligence as a major issue is what the state is leveraging on, we have young people who are very [&hellip;]
- [Final Report of the Fintech Roadmap Accepted by the Nigeria Capital Markets Says Cryptocurrencies is not a Currency But Commodities or Securities. ](https://diutocoinnews.com/2019/12/final-report-of-the-fintech-roadmap-accepted-by-the-nigeria-capital-markets-says-cryptocurrencies-is-not-a-currency-but-commodities-or-securities/): This is a breakdown of the Final Report of the Fintech Roadmap Accepted by the Capital Markets community which specifies Cryptocurrencie as Commodities or Securities NOT currency. The report was presented by Fintech Association of Nigeria &nbsp;to Nigeria&#8217;s Securities Exchange Commission at the second Capital Market Committee Meeting for the year 2019. Below is a breakdown report of the regulatory recommendations and it&#8217;s advantages to&nbsp; blockchain startups, fintechs and the cryptocurrency community.&nbsp; Crypto-Currencies, Virtual Financial Assets (VFA) and ICOS: SEC should specify the type of classification of crypto-currencies (either as Commodities, Securities or Currency). The chosen classification should be Commodities or Securities [&hellip;]
- [You Don't Know How to Buy Tatcoin? Follow These Steps To Buy Tatcoin and Become a Tatcoin Millionaire (Tatas).](https://diutocoinnews.com/2019/12/you-dont-know-how-to-buy-tatcoin-follow-these-steps-to-buy-tatcoin-and-become-a-tatcoin-millionaire-tatas/): This is the next big thing in Africa. Wondering how to buy tatcoin? Join the Presale Now! During the early days of Bitcoin, those who invested in Bitcoin cryptocurrency and were patient enough to store their Bitcoin are now Bitcoin millionaires.&nbsp; Register on Binance to Start Bitcoin Mining and Make Money Some people missed the opportunity earlier, and many people are now looking to catch up on the next big coin to become financially free. So if you missed Bitcoin at $0.03 US Dollars in 2009, this is your opportunity again to become a millionaire. Register on Bidesk to Buy Tatcoin [&hellip;]
- [Weekly Crypto Overview: WiCrypt Appears to be the First Blockchain Startup to Get Full Support From Nigeria Government.](https://diutocoinnews.com/2019/12/weekly-crypto-overview-wicrypt-appears-to-be-the-first-blockchain-startup-to-get-full-support-from-nigeria-government/): In this weeks crypto weekly overview, the seed funding of WiCrypt, a blockchain startup in Nigeria appears to be the most discussed topic. Reasons being that it&#8217;s the only blockchain startup to get seed funding from Nigeria Government.  Central Bank of Bahamas to Issue Central Bank Digital Bank Currency under the initiative Project Sand Dollar.&nbsp; The Central Bank of Bahamas (CBOB) is set to issue her digital version of the Bahamian dollar in the Exuma district. According to an official press release, the CBOB will launch her Central Bank Digital Currency pilot project on Dec. 27, 2019. The project aims to [&hellip;]
- [Cryptocurrency Vloggers on YouTube is Moving to LBRY Following a Ban on Cryptocurrency Tutorial Videos By YouTube.](https://diutocoinnews.com/2019/12/cryptocurrency-vloggers-on-youtube-is-moving-to-lbry-following-a-ban-on-cryptocurrency-tutorial-videos-by-youtube/): On Dec 23, thousands of cryptocurrency Vloggers from YouTube, a video streaming platform received an email notifying them of video ban.  Some cryptocurrency vloggers using YouTube to vlog had their cryptocurrency tutorial videos banned earlier this month. A popular cryptocurrency Vlogger, Colin Talks Crypto said that he has joined LBRY and will be uploading all his contents there.&nbsp; Since June, YouTube has been deleting violative content on YouTube. Moreso, it has been highlighting authoritative content and decreasing the exposure of borderline content.&nbsp;&nbsp; The platform has been erasing contents that they think violates these aforementioned policies. It&#8217;s unfortunate that cryptocurrency and blockchain [&hellip;]
- [TrusteeFarm a Blockchain Startup in Ghana Awarded to Take Part in the Afritech XYZ Virtual Accelerator Program in Partnership with Google.](https://diutocoinnews.com/2019/12/trusteefarm-a-blockchain-startup-in-ghana-awarded-to-take-part-in-the-afritech-xyz-virtual-accelerator-program-in-partnership-with-google/): TrusteeFarm a blockchain startup in Ghana awareded to take part in the Afritech XYZ virtual accelerator program. One of the African blockchain startup that was awarded is TrusteeFarm. It&#8217;s a farm-to-table food traceability ecosystem on blockchain. TrusteeFarm employs blockchain technology to keep exact records of all the processes done on farms until it reaches the table. This makes food supply information transparent and accurate. Out of the hundreds of applications received, only 19 startups was awarded by AfriTech XYZ virtual accelerator program. TrusteeFarm, blockchain-based startup from Ghana was awarded. The 19 startups that waa selected includes: Esusu – P2P savings startup [&hellip;]
- [SEC Nigeria Will Be Releasing New Guidelines For the Regulation of Digital Assets—Cryptocurrency.](https://diutocoinnews.com/2020/05/sec-will-release-cryptocurrency-regulations/): Fintech Association of Nigeria confirms that SEC Nigeria will be releasing new guidelines for the regulation of cryptocurrency.
- [NairaX Trading Competition On Naijacrypto: Deposit And Trade To Win NairaX](https://diutocoinnews.com/2020/05/nairax-trading-competition/): Join the NairaX Trading Competition On Naijacrypto. You can deposit and trade to win NairaX  
- [Top 6 Predictions That Will Drive Innovations in Nigeria's Tech Space in 2020](https://diutocoinnews.com/2020/05/top-6-predictions/): Experts believe that these top 6 predictions can drive innovations in the Nigeria's tech space, this 2020.
- [Five Things You Can Do During this Period to Forget About Coronavirus and Bitcoin Price](https://diutocoinnews.com/2020/05/five-things-to-do/): So we decided to make a list of five things that can keep you busy during this period and forget about the Bitcoin price and coronavirus pandemic while your investment is there.  
- [Stablecoin Tether USDT Shades $2 Billion Dropping Behind XRP as the Fourth Largest Cryptocurrency.](https://diutocoinnews.com/2020/05/usdt-shades-2billion/): Tether's Stablecoin USDT has lost $2 billion dropping from its third place as the third-largest cryptocurrency and is now the third-largest altcoin behind Ripple’s XRP.  
- [Despite the Impact of COVID-19 on the Economy, Cryptocurrency Trading Volumes Still Increasing.](https://diutocoinnews.com/2020/05/crypto-trading-volumes-increases/): The cryptocurrency trading volumes on most afric exchanges had recorded new all-time-high despite a severe economic contraction since the global COVID-19 pandemic.   
- [How Alogrand Will Help Mitigate Shortfalls In Real Estate Business](https://diutocoinnews.com/2020/05/algorand-will-help-real-estate/): This is an article on how Algorand will help mitigate shorfalls in Real Estate Business in Nigeria.  
- [Africa VC Funding to Drop by 40 Percent in 2020, report says.](https://diutocoinnews.com/2020/05/africa-vc-funding-drop/): A new report predicts Africa Venture Capital Funding to Drop by 40 Percent in 2020.  
- [Halving Dump: These are  the 4 Main Reasons Why Bitcoin Dropped $10K to $8.1K ](https://diutocoinnews.com/2020/05/bitcoin-halving-price-drop/): Bitcoin (BTC) price dropped from $10,000 to $8,100 within just 24 hours. Bitcoin price went down by 9% in a single hour. It liquidated $200 million worth of longs, destroying the futures market.  
- [Why Nigeria Banks Should Collaborate With Fintech Including Blockchain Powered Fintech to Revive the Economy. ](https://diutocoinnews.com/2020/05/banks-should-collaborate-with-fintech/): PwC List Ways for Banks to Collaborate With Fintechs Including Blockchain Powered Fintech to Revive Nigeria Economy.   
- [A Security Researcher Discovers 22 Crypto-Stealing Google Chrome Extensions.](https://diutocoinnews.com/2020/05/22-cybersecurity-chrome-extensions/): A security researcher discovered another 22 Google Chrome web browser extensions trying to steal users’ cryptocurrencies.  
- [Recruitment Platform Publishes Job Advert for CEO of Nigerian Stock Exchange.](https://diutocoinnews.com/2020/05/sec-nigeria-new-ceo/): Nigerian Stock Exchange is looking for a successor to Chief Executive Officer, Oscar Onyema, who will be finishing his two terms of 5-year each leadership of the exchange.  
- [Come And Learn What is Halving at ‘The Halving’ Webinar Conference 2020](https://diutocoinnews.com/2020/05/the-halving-conference-2020/): Join us on May 14 - 16 to learn what is Halving at ‘The Halving’ Webinar Conference 2020.  
- [Luno Records an Increase in User Signups Ahead of Bitcoin Halving.](https://diutocoinnews.com/2020/05/luno-records-new-signups/): Today, Luno records a new increase in signups following a drop in system performance limiting users from processing some needed trading operations within the system.  
- [10 Ethereum Addresses Hold 17% of the Total Supply of Ethereum in Circulation.](https://diutocoinnews.com/2020/05/10-addresses-hold-17-ethereum/): Only 10 Ethereum Addresses Hold 17% of the Total Supply of Ethereum in Circulation.  
- [Sub-Saharan Africa P2P Bitcoin Weekly Trades Hits a New Record of $10M USD Trading Volume.](https://diutocoinnews.com/2020/05/africa-bitcoin-p2p-record/): The new set records can be seen by evaluating the transaction volumes on LocalBitcoins and Paxful P2P bitcoin trading platforms.  
- [Africa's No 1 Cryptocurrency Trader Challenges Promoters of Ethereum Million Money to a Debate.](https://diutocoinnews.com/2020/05/gaiuschibueze-challenges-ponzi-promoters/): Gaius Chibueze is the No 1 Cryptocurrency Trader in Africa. Ranked one of the world's best traders on Binance in 2019. Gaius Chibueze has challenged promoters of Ethereum Million Money to a debate.  
- [Mass Sack in Nigerian Banks; CBN Intervenes as Banks Restructure to Offer Fintech Products to Grow Revenue.](https://diutocoinnews.com/2020/05/mass-sack-cbn-intervenes/): Banks like GTBank is looking to restructure into a Holdings Company to deploy Fintech products and increase the revenue of banks  
- [Dash Partners With AnkerPay, South African Cryptocurrency ATM and PoS Provider, to Grow the Ecosystem in Sub Saharan Africa.](https://diutocoinnews.com/2020/05/dash-partners-with-ankerpay/): Dash Partners With AnkerPay, South African Cryptocurrency ATM and PoS Provider, to Grow Ecosystem in Sub Saharan Africa.  
- [The Implementation of African Continental Free Trade Area Agreement Postponed Due to COVID-19.](https://diutocoinnews.com/2020/05/afcfta-agreement-postponed/): The implementation of the African Continental Free Trade Area (AfCFTA) agreement will no longer start on July 1st  this year because of the disruptions caused by the novel coronavirus (COVID-19) global pandemic.  
- [CoinMarketCap Report Ranks Africa as the Second-Fastest Growing in Youth Crypto Adoption With Nigeria Leading the Crypto Adoption in Africa. ](https://diutocoinnews.com/2020/05/coinmarketcap-report-q1-2020/): Coinmarket Report released its Q1, 2020 reports and ranks Africa as the Second-Fastest Growing in Youth Crypto Adoption with Nigeria leading the crypto adoption in Africa.   
- [Nigerian Naira Gains Against US Dollar After CBN Resumed Dollar Sales.](https://diutocoinnews.com/2020/05/cbn-resumes-dollar-sales/): The Nigeria Naira has gained against the US Dollars following CBN's resumption on US Dollar Sales
- [Popular African Cryptocurrency Exchange, Luno Will Add Litecoin in May.](https://diutocoinnews.com/2020/05/luno-will-add-litecoin/): Following the announcement from the Luno Exchange blog, the Africa's unicorn cryptocurrency exchange will be supporting litecoin market for buying and selling in May.  
- [What Would Happen If Aliko Dangote Buys Into the Ethereum (ETH) in Circulation?](https://diutocoinnews.com/2020/05/dangote-buys-into-ethereum/): Holding a net worth of about $10.1billion, Aliko Dangote might theoretically be able to buy a huge percentage stake of all the (ETH) in circulation.
- [IMF Persuades Nigeria to Speed Up Naira Exchange Rate Unification.](https://diutocoinnews.com/2020/05/imf-persuades-nigeria/): The International Monetary Fund (IMF), on Tuesday, April 28, 2020, approved the sum of $3.4 billion, as emergency financial support for Nigeria, as a result of the adverse effects of COVID-19.   
- [Tatcoin Presale Update: You Can Now Buy Tatcoin on Abitnetwork With Only 9,125 Naira.](https://diutocoinnews.com/2020/05/abitnetwork-extends-tatcoin-presale/): Following the end of the Tatcoin presale on April 30, 2020. The presale target was $720,000 and so far it has hit 59 percent of that target at the time of writing. The presale has official ended but now is extended. The AbitNetwork platform have decided to extend the PRESALE DATE due to requests from many interested persons on the brand of AbitNetwork to buy tatcoin; the token for the platform ecosystem. The tatcoin presale have now extended to extra 60 days and the new presale end date is on 1st July 2020.&nbsp; “After listening to many TATAS complain of their [&hellip;]
- [Deepening Financial Inclusion With Affordable Fintech Powered Blockchain PSBs in Nigeria ](https://diutocoinnews.com/2020/04/fintech-blockchain-financial-inclusion/): According to a new report released by Enhancing Financial Innovation and Access (EFInA), more Nigerians are embracing financial services, with positive impact on lending and the economy.  
- [The US Unicorn Crypto Exchange, Coinbase Goes Offline Following the Increase in the Price of  Bitcoin.](https://diutocoinnews.com/2020/04/coinbase-goes-offline/): It appears that Coinbase goes down usually during high market uptrends, especially with bitcoin. In June 2019, Coinbase's site and API went down during a nearly $2,000 fall over a 15-minute period.   
- [Blockchain Will Help Nigeria to Achieve Financial Inclusion Through Mobile Money Services.](https://diutocoinnews.com/2020/04/blockchain-mobile-money-nigeria/): Coming to Nigeria, the story is not the same. The first mobile money service in Nigeria dates back to 2009. Since then, a dozen new mobile money service providers have emerged with Paga currently, topping the list.   
- [Introducing Binance Pool: A New Way of Staking and Mining Bitcoin Using Your Binance Account](https://diutocoinnews.com/2020/04/binance-pool-launch/): Binance Pool opens services today. Binance Pool is launching with a bitcoin mining solution plus a special offer of zero-fee starting rate for Bitcoin miners for the first month.  
- [South Africa Post Office (Sapo) Plans to Rollout 10,000 Cashless ATMs Until the Next Four Months.](https://diutocoinnews.com/2020/04/south-africa-cashless-atms/): With the current wave of new means to access funds, and the steady enforcement on cashless policies. The South African Post Office announced plans to rollout cashless ATMs in four months time.  
- [Following the Increase in Ethereum Powered Ponzi Schemes, Nigeria Leads the Google Search Trends Data for the Word Ethereum in Africa.](https://diutocoinnews.com/2020/04/google-search-ethereum/): According to the global most recent data from Google Trends Search for the word ‘Ethereum’, in 2020. Nigeria ranks third in the global ranking and first in Africa.   
- [Banking Crisis: Nigeria Banks Looking to Increase Earnings From Fintech Following the Increase in Debt Owed by Independent Oil Producing Firms.](https://diutocoinnews.com/2020/04/banking-crisis-fintech-earnings/): Nigeria Banks is looking to increase earnings following the pressure on banks' earning due to the unpaid loans owed by independent oil producing firms.   
- [UEMOA Plans to Issue $1.4Billion Coronavirus Bond](https://diutocoinnews.com/2020/04/uemoa-coronavirus-bond/): According to reports, the members of the West African monetary union UEMOA have plans to raise 846 billion CFA francs ($1.40 billion).  
- [Crypto Friendly Economist, Prof Charles Soludo on How Nigeria and Africa Can Save the Economy During COVID-19](https://diutocoinnews.com/2020/04/soludo-on-covid19/): “We should think African but act locally and opportunistically to survive and prosper, and exploit the global opportunities offered by the crises.” — Dr. Charles Chukwuma Soludo  
- [Paylot, African's Focused Crypto Payment Gateway Service Provider Integrates BNB and BUSD for Merchants.](https://diutocoinnews.com/2020/04/paylot-payment-gateway/): Paylot, African's Focused Crypto Payment Gateway Service Provider Integrates BNB and BUSD for Merchants.  
- [World Bank: Remittance to Nigeria and Other Low and Middle-income Countries to Drop by 19.7 Percent. ](https://diutocoinnews.com/2020/04/world-bank-remittance/): World Bank projects the remittances to Nigeria, Egypt, Senegal and other Low and Middle-income Countries (LMICs) to drop sharply by 19.7% to $445 billion in 2020.   
- [Federal Government of Nigeria Begins Disbursement of Stimulus Package Using Banks, But Crypto not Welcome.](https://diutocoinnews.com/2020/04/stimulus-package-nigeria/): Following the plans by the government to distribute stimulus package to support businesses, the sharing of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility have started.  
- [Ponzi Schemes: Cryptocurrency Wallet Users Increase in Nigeria Following the Increase in Pyramid Schemes Like Million Money Investment.](https://diutocoinnews.com/2020/04/crypto-ponzi-nigeria/): Results show that a good number of Nigerians opened new Cryptocurrency Wallets in other to invest in ponzi schemes and other money doubling schemes.   
- [Newly Launched Wordpress Plugin Allows Anyone to Launch Crypto Exchange Powered by Totle.](https://diutocoinnews.com/2020/04/wordpress-totle-widget/): The new totle widget type of wordpress plugin was developed by Alon Goren, Founding Partner at Draper Goren Holm. Following its release on Wednesday, the plugin have garnered a lot of interest from web designers.  
- [Bitcoin ATM in Africa (Full List): South Africa Records Highest Number of Bitcoin Teller Machine Followed By Ghana.](https://diutocoinnews.com/2020/04/bitcoinatm-in-africa/): Since after the launch of the first bitcoin ATM in Nigeria, the number of bitcoin ATM in Africa and beyond have significantly increased. We have a total of more than 7,600 Bitcoin ATMs throughout the world.  
- [Blockchain4Covid19: A Cryptocurrency Aid Charity Program Launches to Combat COVID-19.](https://diutocoinnews.com/2020/04/blockchain4covid19-launches-charity/): Humanity is facing a great problem during this period, a threat that does not discriminate by race, academic and political background. Blockchain4Covid19 is out to help combat the coronavirus pandemic
- [Experts Want Paystack to Use Blockchain in Keeping Transaction Records Following the Launch of Paystack's “Transaction Lookup."](https://diutocoinnews.com/2020/04/paystack-blockchain-lookup/): Paystack is one of the top payment processors in Nigeria with over 10 million unique transactions each month for over 60,000 businesses including Branch, Palmcredit, and MTN.   
- [South Africa Releases 30 Recommendations for Cryptocurrency Regulations in Compliance With FAFT Standards.](https://diutocoinnews.com/2020/04/southafrica-regulations-cryptocurrency-faft/): South Africa’s top financial regulators and the country's apex bank—South African Reserve Bank, have collectively issued a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers.   
- [China to Form National Blockchain Committee With Tencent, Huawei, Baidu and Others.](https://diutocoinnews.com/2020/04/blockchain-committee-china/): China is looking to take over the blockchain space while the other world powers are still trying to recover from the adverse effects of COVID-19 pandemic.   
- [Top Nigerian Banks Looking to Take Over the Fintech and Digital Currency and Payment Space in Nigeria](https://diutocoinnews.com/2020/04/banks-fintech-digital-banking/): While many fintech startups are emerging in Nigeria, banks and financial institutions are re-positioning to maintain their stronghold. Moreso, crypto companies are emerging to provide user-friendly products to their customers.  
- [GTBank Wants to Restructure into a Holdings Company to Enter the Fintech Space.](https://diutocoinnews.com/2020/04/gtbank-restructuring-into-holdings/): GTBank, the largest digital banking service provider in Nigeria is considering to restructure as a holdings company. The bank's CEO, Segun Agbaje, disclosed the plan during the bank’s earnings call for the fourth quarter of 2019.  
- [Images of China's Central Bank Digital Currency Surfaces the Internet.](https://diutocoinnews.com/2020/04/digital-yuan-china/): Screenshots of the supposed online test wallet for the China's Central Bank Digital Currency has surfaced the internet following an announcement that its use will be tested in four major cities of China.  
- [World Bank Makes Further Investigations On Stablecoins and Central Bank Digital Currency.](https://diutocoinnews.com/2020/04/world-bank-report/): With an increase in the adverse effect of coronavirus pandemic, financial institutions all over the world are increasingly looking into emerging technologies like blockchain to mitigate economic meltdown and to achieve financial inclusion.
- [Binance Loan Adds Support for BCH, LTC and XRP as Collateral.](https://diutocoinnews.com/2020/04/binance-loan-service/): Binance Loan announced support for three additional cryptocurrencies including Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP).  
- [Providers of Remita Payments, SystemSpecs Partners With Paga to Drive Digital Payments in Nigeria.](https://diutocoinnews.com/2020/04/remita-partner-paga/): SystemSpecs, the Nigeria’s fintech giant behind the successful money payment service provider Remita, has partnered with Paga to expand digital payments in Nigeria.   
- [Beginners Guide to Technical Analysis: Japanese Candlestick Patterns and Body Sizes](https://diutocoinnews.com/2020/04/candlesticks-technical-analysis/): Japanese Candlesticks is one of the most popular cryptocurrency trading candlesticks. This is an integral part of technical analysis. Camdlesticks are used to recognize the behaviour of traders.  
- [Kenya's Safaricom and Vodacom Fully Acquire M-Pesa Following the Launch of Bonga Points. ](https://diutocoinnews.com/2020/04/mpesa-safaricom-bongapoints/): Kenya's Safaricom and South Africa's Vodacom have fully acquired M-Pesa, the largest mobile money operator in Kenya and East Africa.  
- [Bitrefill Review 2020: How to Top Up Your Mobile Recharge and Buy Giftcards With Bitcoin in Nigeria.](https://diutocoinnews.com/2020/04/bitrefill-review-giftcards/): Bitrefill is a mobile recharge and giftcards market platform that allows the purchase of giftcards using top cryptocurrencies like bitcoin, ethereum, dash, litecoin and dogecoin.   
- [Rumour: Reddit Community Point System to be Released on Ethereum Blockchain.](https://diutocoinnews.com/2020/04/reddit-token-launch/): From a video posted on Reddit, there appears to be a video leak about the details of the Reddit community points system and how it will work within the social media platform.&nbsp; The video shows two sections including the wallet part and the document part. But then, the document part has two sections, the Frequently Asked Question page and the Introduction page.&nbsp; The video claims to confirm Reddit’s ethereum based token ‘Points’ system. The community points serves as a new tool representing the ownership of a subreddit. The token will encourage engagement on the platform whereby users will earn based on [&hellip;]
- [Brave Browser Review 2020: How To Use Brave Browser to Buy Giftcards And Earn BAT With Your Twitter Account.](https://diutocoinnews.com/2020/04/brave-browser-earn-twitter/): Brave Browser is a privacy focused open source web browser based on chromium. Brave browser is owned by brave softwares.&nbsp; The browser also incentivize creators with $BAT, a cryptocurrency based on ethereum network and issued by Brave for rewarding twitter creators, blogs, websites, youtube channels, twitch channels and the browser users.&nbsp; Through Brave Rewards, users can earn $BAT for viewing privacy-respecting ads unlike google chrome browser. The browser has been in operation for over 3 years now with 10million plus downloads on google playstore. You will earn $BAT—Basic Attention Token for viewing ads. The revenue sharing model allows both the publisher [&hellip;]
- [Come and Learn How to Trade Bitcoin at the Binance Campus Webinar University of Nigeria Nsukka. ](https://diutocoinnews.com/2020/04/binanceunn-webinar/): Binance Nigeria will be hosting a Binance Campus Webinar for students of University of Nigeria Nsukka on 20th April 2020. The webinar is targeted at interested Nigerian students from the University Nigeria Nsukka willing to learn What is Bitcoin and Cryptocurrency Trading.&nbsp; Beginners interested in starting their crypto journey are encouraged to join the webinar, also intermediate users looking to advance their knowledge of trading can join the webinar to learn.&nbsp; Register New Account Now Account on Binance The binance campus webinar will be covering topics on What is cryptocurrency&nbsp; Getting familiar with bitcoin&nbsp; Blockchain&nbsp; Spot trading&nbsp; Binance ecosystem How to [&hellip;]
- [Beginners Guide to Tab Trader: What is Tab Trader, How to Set it Up and Use it For Crypto Trading on Binance.](https://diutocoinnews.com/2020/04/tab-trader-what-is-tab-trader-how-to-set-it-up-and-use-it-for-crypto-trading-on-binance/): Tab Trader is a popular crypto exchange aggregator application for controlling multiple cryptocurrency exchanges at the same time. Tab Trader helps you to trade your crypto coins on different exchanges from one account.&nbsp; We will take a look at Tab Trader and show you how to use it to trade bitcoins and other altcoins in the cryptocurrency market. You can also use it to read charts and do Technical Analysis of a coin trading at the crypto market.&nbsp; All you need to do is to first of all, get the Tab Trader App from google playstore. Before opening a new Tab [&hellip;]
- [Beginners Guide to Binance Spot Trading: What is Spot Trading and How to Use it on Binance. ](https://diutocoinnews.com/2020/04/beginners-guide-to-binance-spot-trading-what-is-spot-trading-and-how-to-use-it-on-binance/): Binance Spot trading for crypto trading for some is complex while for some it is not. You are privileged to have visited our blog to read about this. After learning this, do your best to share it to your brothers to learn also. Trading on binance spot is better compared to other exchanges out there due to the user-friendly interface it offers. We will be covering how to use binance Spot Trading to trade different crypto coins on binance. Register New Binance Account to Start Trading Bitcoin. You can also use this Ref ID: 25301813. In case you will like to [&hellip;]
- [A List of 49 Common Terms or Slangs Used Among Crypto Communities.](https://diutocoinnews.com/2020/04/common-crypto-terms-or-slangs/): Crypto Slangs or Terms common among crypto communities worldwide. Many at times, people tend to be confused with some common cryptocurrency terms used in the Binance Nigeria cryptocurrency community. This is common to newbies in the cryptocurrency space in Nigeria, South Africa, Kenya and other African countries. We will looking into the common crypto terms with their full mreaning in this post.  Register New Remitano Account Now, let’s get the ball rolling already! Common Crypto Terms/Slangs and Their Meanings We will list about 50 common crypto slangs in alphabetical order. This will help people in various cryptocurrency communities in Nigeria to [&hellip;]
- [South African Blockchain Startup Custos Media Sued For $4.45 Million Backtrack on Investment Agreement.](https://diutocoinnews.com/2020/04/south-african-blockchain-startup-custos-media-sued-for-4-45-million-backtrack-on-investment-agreement/): South African blockchain startup Custos Media Technologies has been sued for US$4.45 million in the Western Cape High Court by local VC firm HAVAÍC.&nbsp; HAVAÍC claims that Custos retraced back on an investment agreement. Custos is a tunkey protection technology service provider using blockchain. It offers digital piracy protection by embedding bitcoin bounties as watermarks within movies and videos.&nbsp; The digital piracy protection service provider has raised about US$1.5 million in total in funding from some investors including: South Africa’s Technology Innovation Agency (TIA), Digital Currency Group and Innovus.&nbsp; See Also: South Africans Can Now Buy and Sell ZAR on Binance [&hellip;]
- [Come and Learn How to Use Binance and Trade Bitcoin at Binance Campus Webinar ABU ZARIA](https://diutocoinnews.com/2020/04/come-and-learn-how-to-use-binance-and-trade-bitcoin-at-binance-campus-webinar-abu-zaria/): Binance Nigeria will be hosting the Binance Campus Webinar holding on 7th April 2020. The webinar is targeted at interested Nigerian students willing to learn What is Bitcoin and Cryptocurrency Trading.  The webinar is for students of the Ahmadu Bello University Zaria. Beginners looking to start their crypto journey are encouraged to participate, also intermediate users looking to advance their knowledge of trading can join. Register New Account Now Account on Binance The binance campus webinar will be covering topics on What is cryptocurrency&nbsp; Getting familiar with bitcoin&nbsp; Blockchain&nbsp; Spot trading Futures trading&nbsp; Binance ecosystem&nbsp; There will be a quiz session [&hellip;]
- [Come and Learn How to Trade Bitcoin on Binance at the Binance Nigeria Masterclass.](https://diutocoinnews.com/2020/04/come-and-learn-how-to-trade-bitcoin-on-binance-at-the-binance-nigeria-masterclass/): Binance Nigeria will be hosting the Binance Nigeria Masterclass scheduled to run for two days, for those interested in learning What is Bitcoin and Cryptocurrency Trading.&nbsp; The Masterclass will hold online. Beginners looking to start their crypto journey are encouraged to participate, likewise intermediate users looking to advance their knowledge of trading.  Register New Account On Binance The masterclass will teach fundamentals of the crypto market, and also how to identify scams. It will also cover more advanced concepts such as Spot, Margin and Futures Trading. As part of the Binance in Nigeria support in this COVID-19, Binance Nigeria will be [&hellip;]
- [BREAKING: Buy Bitcoin in Nigeria Using Your Mastercard on Binance.](https://diutocoinnews.com/2020/04/breaking-buy-bitcoin-in-nigeria-using-your-mastercard-on-binance/): Just In, Binance announces the use of mastercard to buy bitcoin on its platform. This means that Nigerians can now buy bitcoin in Nigeria with naira from Binance. Happy with binance in Nigeria?&nbsp; Sign Up and Stake Your Bitcoin to Make Profit. Additionally, the crypto trading platform is now offering users extra $10 bonus in BUSD when they buy bitcoin in Nigeria with Naira using mastercard. Using binance in Nigeria is now made easy. “The first 500 people to add a Mastercard to their #Binance account and buy more than $20 USD (or the equivalent in your local fiat currency) of [&hellip;]
- [Binance Launches Binance Mining Pool to Offer Bitcoin Mining Services.](https://diutocoinnews.com/2020/04/binance-launches-binance-mining-pool-to-offer-bitcoin-mining-services/): Binance, the world&#8217;s top cypto trading service provider launches new product—Binance Mining. Binance Mining is offering a new mining pool for Proof of Work coins like Bitcoin. Changpeng Zhao, CEO of Binance, confirmed the addition of the new product to Binance ecosystem giving its over 15 million users access to a wide range of services to earn money from crypto. Register to Start Bitcoin Mining This news comes less than few months to Bitcoin&#8217;s third halving event. According to reports, bitcoin mining is a common type of scam in Nigeria where crypto nerds are lured into fraudlent bitcoin mining.&nbsp; With the [&hellip;]
- [Binance Completes Acquisition of CoinMarketCap, Offering Accurate Tracking of Cryptocurrency Data. ](https://diutocoinnews.com/2020/04/binance-completes-acquisition-of-coinmarketcap-offering-accurate-tracking-of-cryptocurrency-data/): Binance, the decentralized blockchain company that allows easy buying of cryptocurrency with Nigerian Naira among other fiat currencies including South African Rand (ZAR) announces the acquisition of CoinMarketCap, the world’s best cryptocurrency data tracking website. This is a mind-blowing deal, introducing a more accurate data for various cryptocurrencies in the world. This new development will allow Binance to continue providing trusted and user-friendly service with the safety of the crypto community in mind.&nbsp; There will be more accurate, timely, and quality cryptocurrency data like an accurate price for buying Bitcoin with Nigerian Naira integrating with Binance’s expertise, resources, and scale. “The [&hellip;]
- ['Save Bitcoin, the People's Money', Says Robert Kiyosaki the Author of 'Rich Dad Poor Dad'.](https://diutocoinnews.com/2020/04/save-bitcoin-the-peoples-money-says-robert-kiyosaki-the-author-of-rich-dad-poor-dad/): Following the outbreak of Coronavirus pandemic and its effect on global economies, which has left the poor households in most affected nations exposed to series of hardships, many experts have provided insights on possible ways to control the incident and prevent future reoccurence. Robert Kiyosaki, a bestselling author of the popular financial book, Rich Dad Poor Dad, has encouraged his twitter followers to save their money on Bitcoin instead of fiat currencies. The best selling author of Rich Dad Poor Dad started a series on financial lesson where he described Bitcoin, the most valuable cryptocurrency as the “People’s money.”&nbsp; “Lesson 5. [&hellip;]
- [Binance Loan Launches With 20% Interest Discount For Borrowers.](https://diutocoinnews.com/2020/04/binance-loan-launches-with-20-interest-discount-for-borrowers/): Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a new service dubbed Binance Loan to expand its lending business and attract more crypto borrowers.&nbsp; The crypto trading house said in an announcement on Tuesday that early birds will receive a 20 percent discount on the standard daily interest rate, with the lowest rate being 0.0224%. Registered users on binance are qualified to borrow through binance loan service that cover several cryptos, including BUSD and USDT.&nbsp; Binance Loan service also supports several coins as collateral, including BTC and ETH. There are different length in periods set aside [&hellip;]
- [Binance Loan: What is Binance Loan, How to Use Binance Loan System And Collect Loan in Crypto. ](https://diutocoinnews.com/2020/04/binance-loan-what-is-binance-loan-how-to-use-binance-loan-system-and-collect-loan-in-crypto/): What is Binance Loans What is Crypto Loan What is Loan What is Mortagage Assets&nbsp; What is LTV/ Initial LTV Margin Call&nbsp; Liquidation LTV Binance Loan is a funding support service launched by Binance to allow registered binance users access Binance Loan fulfilling all the requirements. Crypto Loan is a cryptocurrency loan service whereby you can borrow funds using crypto and also use crypto as collateral to pay back at a later time with interest. Loan simply means something you borrowed, especially a sum money which you will pay back with interest at a later date. In mortgage terms, an asset [&hellip;]
- [Nigeria Popular Giftcards and Bitcoin Kiosk, Chiji14xchange Launches It's Affiliate Program.](https://diutocoinnews.com/2020/03/nigeria-popular-giftcards-and-bitcoin-kiosk-chiji14xchange-launches-its-affiliate-program/): Chiji14xchange is a popular bitcoin and giftcards trading platform based in Nigeria. Chiji14xchange launched its affiliate marketing program on Saturday 28th March, to increase the users of its trading platform. The bitcoin kiosk allows trading experts and non-traders to participate in the Chiji14xchange affiliate program and earn bitcoin. Social media influencers including twitter influencers and others can participate in the program and earn passive income through their affiliates. This is arguably the first bitcoin kiosk in Nigeria to create an outstanding affiliate program for Nigerian users allowing them to make money with bitcoin. “Affiliate marketing or ‘referral marketing’ as some might [&hellip;]
- [Coronavirus Relief Funds: Binance, Ripple And Others Makes Donations to Fight the Coronavirus Outbreak.](https://diutocoinnews.com/2020/03/coronavirus-relief-funds-binance-ripple-and-others-makes-donations-to-fight-the-coronavirus-outbreak/): Cryptocurrencies is now used to help fight the coronavirus pandemic in Nigeria and worldwide. Major crypto companies like binance are doing their part to provide coronavirus support to nations, hospitals, and persons suffering from covid-19.  Many coronavirus relief initiatives such as coronavirus relief campaign, a Red Cross bitcoin fundraising and others are being employed to raise coronavirus relief funds for affected victims.&nbsp; Gaius Chibueze, the CEO of AbitNetwork, a blockchain-based application company announced the donation of 3 Million Naira to help individuals cater for their needs during this hard times. “I have set aside 3 million Naira I want to give [&hellip;]
- [Cryptopreneur, Gaius Chibueze Donates 3 Million in Naira to Fight COVID-19 Outbreak.](https://diutocoinnews.com/2020/03/cryptopreneur-gaius-chibueze-donates-3-million-in-naira-to-fight-covid-19-outbreak/): Many individuals and banks have made donations to financially support individuals during this period of health and financial crisis in the country. Gaius Chibueze, the CEO of AbitNetwork, a blockchain-based application company announced the donation of 3 Million Naira to help individuals cater for their needs during this hard times. “I have set aside 3 million Naira I want to give as my own support to members of AbitTrader Community who are my registered students to support this sit at home period.” See Also: SEC Nigeria Drafts New Regulations For Digital Commodities (Cryptocurrencies) Investment Platforms Crowdfunding in Nigeria. The blockchain-based mobile [&hellip;]
- [SEC Nigeria Drafts New Regulations For Digital Commodities (Cryptocurrencies) Investment Platforms Crowdfunding in Nigeria.](https://diutocoinnews.com/2020/03/sec-nigeria-drafts-new-regulations-for-digital-commodities-cryptocurrencies-investment-platforms-crowdfunding-in-nigeria/): UPDATED — 3rd April, 2020: For clarification purposes, this crowdfunding regulations for digital commodities does not include cryptocurrency. The Securities and Exchange Commission (SEC) has released proposed rules for crowdfunding in other words fundraising, to foster economic growth and strengthen the capital markets. According to the news update from Securities Exchange Commision website on Sunday. The required minimum paid-up capital for operating a crowdfunding portal is pegged at N100 million. Crowdfunding is same as fundraising where a registered company starts a campaign to raise funds and finance a project or business from the public through an online platform. A crowdfunding portal [&hellip;]
- [Egypt Encourages E-Payment Systems Following New Cases of Coronavirus in the Country.](https://diutocoinnews.com/2020/03/egypt-encourages-e-payment-systems-following-new-cases-of-coronavirus-in-the-country/): Following the new cases of coronavirus recorded in Egypt, the Central Bank of Egypt has urged egyptians to limit their use of banknotes and to always use mobile phone wallets and other e-payments systems. Egyptian banks were also instructed to apply temporary limits on daily withdrawals and deposits. Where the daily limit for individuals would be LE10,000 Egyptian pounds ($635) and LE50,000 pounds ($3157) for companies.&nbsp; Meanwhile, businesses are allowed to make withdrawal above the set limits where the money is to be used in paying employees. Moreso, according to a statement from the central bank, the daily ATM withdrawals and [&hellip;]
- [Tinubu Tells Federal Government to Print More Naira Notes — “A Call For Digital Naira”](https://diutocoinnews.com/2020/03/tinubu-tells-federal-government-to-print-more-naira-notes-a-call-for-digital-naira/): All Progressives Congress National Leader, Asiwaju Bola Tinubu, suggests that government&nbsp; print more naira to help restructure the failing economy and improve our health sector following the coronavirus outbreak in Nigeria. Tinubu said this in a statement he wrote in commemoration of his 68th birthday on Friday. The former Lagos State governor said, “The public health care systems of developed nations have been overwhelmed by this virus. They are running out of equipment and healthy doctors. Our public health care system is much smaller and less equipped than those in Europe and North America. We cannot afford to put undue pressure [&hellip;]
- [Bitcoin Addresses Holding At Least a Whole Bitcoin to Reach All Time High.](https://diutocoinnews.com/2020/03/bitcoin-addresses-holding-at-least-a-whole-bitcoin-to-reach-all-time-high/): While the number of bitcoin addresses holding up to one Bitcoin (BTC) is increasing, only about 800,000 people currently own one bitcoin. According to the glassnode data released on March 28, 797,420 wallets now have a balance equal to or more than a whole Bitcoin. The number has increased by 101 wallets in the past 24 hours. This figure puts the number of bitcoin addresses holding at least a whole bitcoin at an all-time high. See Also: While Less than 30 percent of Nigerians Have Social Media Accounts, How Many Has Bitcoin Wallets? Meanwhile, there is still possibilities that number of [&hellip;]
- [CBN: Embrace Alternative Means of Payment.](https://diutocoinnews.com/2020/03/cbn-embrace-alternative-means-of-payment/): Following the coronavirus virus outbreak in Nigeria with the number of infected persons increasing to 97 according to National Center for Disease Control, NCDC. The Central Bank of Nigeria, through it&#8217;s twitter handle encouraged Nigerians to embrace alternative means of payment which does not involve the use of cash–paper money. The apex bank of Nigeria recently released policy supporting the crashing economy following the coronavirus outbreak. This policy do not specify the use of alternative means of payment to avoid the spread of coronavirus pandemic. Unlike Kenya, the president, Uhuru Kenyatta had encouraged Kenyans to use digital money after recording the [&hellip;]
- [World Health Organization Launches MiPasa, a Blockchain Powered Platform to Fight COVID-19.](https://diutocoinnews.com/2020/03/world-health-organization-launches-mipasa-a-blockchain-powered-platform-to-fight-covid-19/): World Health Organization Launches MiPasa, a Blockchain Powered Platform to Fight COVID-19. MiPasa Blockchain Platform. Today, World Health Organization (WHO) joined hands with major blockchain and tech companies to create a distributed ledger technology (DLT) based platform for recording and sharing statistical data on the coronavirus pandemic.&nbsp; The new DLT–based platform, MiPasa, is built on top of Hyperledger Fabric in partnership with technological companies like IBM, Oracle computers and blockchain platform Hacera together with Microsoft.&nbsp; MiPasa helps in early detection of COVID-19 carriers and infection hotspots. MiPasa privately shares information on COVID-19 between individuals, state authorities and health institutions through the [&hellip;]
- [The African Development Bank Launches Record Breaking $3Billion Social Bond to Fight COVID-19 in Africa. ](https://diutocoinnews.com/2020/03/the-african-development-bank-launches-record-breaking-3billion-social-bond-to-fight-covid-19-in-africa/): Recording Breaking: The African Development Bank (AAA) announced the raise of an exceptional $3 billion in a three-year bond to alleviate the negative economic and social impact of Covid-19 pandemic on livelihoods and Africa&#8217;s economies.&nbsp; The three-year social bond attracted the interest of central banks and official institutions, bank treasuries, and asset managers including Socially Responsible Investors, with bids exceeding $4.6 billion.&nbsp; This is currently the largest Social Bond ever launched in international capital markets to date. This is also the largest US Dollar benchmark ever issued by the Bank. Interest will be paid at the rate of 0.75 percent. &#8220;These [&hellip;]
- [Australian Police Arrests 18-Year-Old Bitcoin (BTC) Drug Dealer. ](https://diutocoinnews.com/2020/03/australian-police-arrests-18-year-old-bitcoin-btc-drug-dealer/): Australia local law enforcement agency arrests 18-year-old drug dealer from Tasmania, Australia.  The Examiner reports that the 18 years old drug dealer was caught at the spot with a batch of drugs in his mail. He was charged with drug trafficking following his arrest. The Australian teenager was responsible for controlling the movement of illegal drugs into his area with the help of a mail corridor.&nbsp; The illegal drugs seized by local law enforcement include MDMA, Ketamine, and cocaine. They were cumulatively worth more than $100,000. “The seizure of 450 grams of MDMA will disrupt the supply of the party drug [&hellip;]
- [SEC Nigeria Makes a List of Ponzi Schemes Nigerians Should Avoid.](https://diutocoinnews.com/2020/03/sec-nigeria-makes-a-list-of-ponzi-schemes-nigerians-should-avoid/): The Securities and Exchange Commission of Nigeria alerts Nigerians to be mindful of patronising fund managers that are not registered with the commission. The capital markets regulator said its aware of the unlicensed investment schemes operating in the country, who end up promising their victims huge, and unjustifiable returns on investment. According to SEC, “These activities are perpetrated by suspected promoters of Ponzi and other fraudulent schemes under the following identities: Loom Nigeria Money, Box Value Trading Company Limited, Now-Now Alert, Flip Cash Investment, Result Investment Nigeria Limited, Helping Hand and Investment and No Failure Development and Empowerment Nig. Limited.” Others [&hellip;]
- [South Africans Can Now Buy and Sell ZAR on Binance Cryptocurrency Exchange.](https://diutocoinnews.com/2020/03/south-africans-can-now-buy-and-sell-zar-on-binance-cryptocurrency-exchange/): Binance has taken on another African country with the largest cryptocurrency trading volume in Africa after Nigeria. Just few weeks, after launching Binance P2P platform with the Nigeria Naira listing as the first African fiat currency on the Binance peer-to-peer exchage platform.&nbsp; See Also: Binance Adds Support for Nigerian Naira on Binance P2P Platform. The world&#8217;s best trading house continues it&#8217;s ride into Africa with the addition of South African Rand markets on Binance. Binance announced today that it&#8217;s opening trading pairs for BTC/ZAR, ETH/ZAR, BNB/ZAR, BUSD/ZAR and USDT/ZAR at exactly 2020/03/27 4:00 AM (UTC). That it few mins from the [&hellip;]
- [“Congratulations to Bitcoin Hodlers, Every Asset Class is Rallying Today Except Bitcoin!”– Peter Schiff, The Bitcoin Hater.](https://diutocoinnews.com/2020/03/congratulations-to-bitcoin-hodlers-every-asset-class-is-rallying-today-except-bitcoin-peter-schiff-the-bitcoin-hater/): Earlier this year, Peter Schiff the gold bug claimed he had lost all of this bitcoin because of corrupted bitcoin wallet. It wasn&#8217;t a surprise tweet from Peter Schiff because he is a gold bug and a bitcoin hater.&nbsp; Peter claims the Coinbase bitcoin wallet lost his password as it wasn&#8217;t responding when he used it on the wallet. It’s very unlikely that he never knew his password and PIN. Though after few days, he came to twitter to admit that he mistook his PIN for his Password saying that he never had a copy of his Seed Phrase. Peter Schiff, [&hellip;]
- [Binance Introduces Binance Card Allowing You to Shop and Pay With Crypto Anywhere.](https://diutocoinnews.com/2020/03/binance-introduces-binance-card-allowing-you-to-shop-and-pay-with-crypto-anywhere/): Binance announces Binance Card, the crypto debit card that allows you to buy gifts for your loved ones, shop for groceries and pay for your internet bills.&nbsp; Following the announcement on binance blog, binance will be launching its own crypto debit card called Binance Card and will be issued by Visa.&nbsp; The Binance Card works like the normal regular bank debit card like GTBank ATM debit card. Binance Card owners can top-up their card with funds through the Binance Card App in the form of Bitcoin or BNB. It works the same way you transfer cryptocurrency from one wallet to another [&hellip;]
- [Is the Coronavirus Outbreak Affecting the World's Economy a Chance for Cryptocurrency Adoption?](https://diutocoinnews.com/2020/03/is-coronavirus-outbreak-affecting-the-worlds-economy-a-change-for-cryptocurrency-adoption/): Since the outbreak of the Coronavirus pandemic, the global stock markets have been on a bizarre situation, recording a sharp drop in the world economy. According to experts, the situation is likely to continue.&nbsp; The IMF announced that investors has removed around $83billion dollars, the largest outflow recorded so far on emerging markets.&nbsp; Meanwhile, during a session on RT’s Keiser Report, joined by Alasdair Macleod, head of research for Goldmoney.com. Macleod explains that the increase in instability at the financial markets is a sign to the end of fiat currency. Going further, he explained that the US Federal Reserve is trying [&hellip;]
- [CBN Highlights Details for Households and SMEs to Access the N50billion Stimulus Package.](https://diutocoinnews.com/2020/03/cbn-highlights-details-for-households-and-smes-to-access-the-n50billion-stimulus-package/): The Central Bank of Nigeria states the conditions guiding the distribution of the N50billion COVID-19 intervention fund to individuals and companies. The apex bank announced the release of the N50billion intervention fund in response to the coronavirus pandemic, which had led to a bizarre disruption to the global supply chains.&nbsp; This also caused a weak drop in the global crude oil prices, total breakdown in the crypto market, stock and financial markets. Also, there was a large restriction to movement of persons in many countries, among others. These results have severelly affected human lives, causing too many deaths and reducing the [&hellip;]
- [BREAKING: Federal Government Alerts Nigerians on Coronavirus Ransomeware.  Demanding Bitcoin as a Ransome. ](https://diutocoinnews.com/2020/03/breaking-federal-government-alerts-nigerians-on-coronavirus-ransomeware-demanding-bitcoin-as-a-ransome/): Just in, the Federal Government alerts Nigerians on the existence of an Android-based malicious and fraudulent Coronavirus Ransomware Application.&nbsp; This coronavirus ransomware app according to the federal government claims to provide updates on the virus and infections near it&#8217;s victim, the user. See Also: You Don’t Know How to Buy Tatcoin? Follow These Steps To Buy Tatcoin and Become a Tatcoin Millionaire (Tatas). Segun Adeyemi, Special Assistant To The President, Office of the Minister of Information and Culture, in a statement issued in Abuja today, notes that the Minister of Information and Culture, Alhaji Lai Mohammed, said the Ransomware restricts the [&hellip;]
- [Mauritius, the Blockchain Valley of Africa.](https://diutocoinnews.com/2020/03/mauritius-the-blockchain-valley-of-africa/): Mauritius, the blockchain valley of Africa is an Indian Ocean island nation in eastern part of Africa, with a population of 1.3million people. It has been the preferred route for foreign direct investment (FDI) flows to India for over a quarter century.  The Mauritius International Financial Centre (IFC) has been a reputable center for a safe, trusted and competitive finance. This has enabled the country to position itself as the preferred jurisdiction for FDI flows to Africa.&nbsp; An excerpt from an article written in 2011 by Joseph Stiglitz, &#8220;The Mauritius miracle, or how to make a big success of a small [&hellip;]
- [Paxful Partners with Chainalysis to Integrate Suspicious Transaction Monitoring Solutions.](https://diutocoinnews.com/2020/03/paxful-partners-with-chainanalysis-to-integrate-suspicious-transaction-monitoring-solutions/): The popular peer-to-peer cryptocurrency trading house in Africa, Paxful has partnered with Chainalysis to control suspicious transaction, fighting too many scam cases recorded at Paxful.  Chainalysis will be implementing two security measures utilizing it&#8217;s security service. The primary security measure is the chainanalysis KYT, Know Your Transaction, an acronym similar to KYC, Know Your Customer service.  This means that you can monitor and block suspicious transactions in real time. For instance, a transaction going to an address marked as high-risk address will be flagged as suspicious transaction. Same goes for a transaction belonging to darknet assets or financing of terrorism. The second [&hellip;]
- [Managing Your Finance and Crypto Investment Portfolio During this Period of Economic Crisis.](https://diutocoinnews.com/2020/03/managing-your-finance-and-crypto-investment-portfolio-during-this-period-of-economic-crisis/): Financial planning simply means having a plan for your finances so as to protect your cash flow from loss. Setting up a financial plan is a process, so if you want a step by step guide on how to establish a financial plan, it would be;&nbsp; First, agree on a plan ⁠—you ask yourself, what do you want to achieve? By when?&nbsp; Then, create an Emergency Fund. This simply implies funding your life insurance plans to protect expenses relying on your income for support. Once you have achieved this, you can then proceed on to create plans on how to invest [&hellip;]
- [Beepmagnet Launches BMToken on Ethereum Blockchain, Supporting BMCT Coin Swap.](https://diutocoinnews.com/2020/03/beepmagnet-launchs-bmtoken-on-ethereum-blockchain-supporting-bmct-coin-swap/): Beepmagnet creates its own ecosystem token dubbed BMToken on the ethereum blockchain which can be swapped to BMCT Coin on 1:1 ratio.  The new Beepmagnet token, an ERC20 token with the ticker BMT will be used to foster customer loyalty rewards on the platform.&nbsp; Beepmagnet CEO, Dr. Gilead Okolonkwo, has streamlined the direction of the company to standout amongst others in the use of blockchain to solve real life problems.&nbsp; The Focus of Beepmagnet Group in the blockchain space is “Revolutionlization of Consumer Loyalty”.&nbsp; Beepmagnet is on a mission to move the traditional consumer loyalty and rewards solutions into the blockchain. [&hellip;]
- [Apollo Fintech Signs MoA with CBZ Bank of Zimbabwe to Create a Gold-Backed Digital Currency and Other Two Fintech Solutions.](https://diutocoinnews.com/2020/03/apollo-fintech-signs-moa-with-cbz-bank-of-zimbabwe-to-create-a-gold-backed-digital-currency-and-other-two-fintech-solutions/): The government of Zimbabwe is reportedly looking to partner with Apollo Fintech to launch a gold-backed digital currency for its citizens.&nbsp; On Friday, Apollo Fintech announced that it has signed a memorandum of association with CBZ Bank to develop three national fintech based projects. CBZ Bank is one of the largest commercial banks in Zimbabwe. “Apollo Fintech has signed a memorandum of association with the government-owned CBZ, a diversified and largest financial institution in Zimbabwe,” Apollo said in a statement. See Also: The Fourth Industrial Revolution Tops Our Weekly Overview On Cryptocurrency Among the three projects, is the gold-backed digital currency [&hellip;]
- [The Reserve Bank of Zimbabwe Announces Plans to Establish a Regulatory Sandbox for Cryptocurrency Businesses in Zimbabwe.](https://diutocoinnews.com/2020/03/the-reserve-bank-of-zimbabwe-announces-plans-to-establish-a-regulatory-sandbox-for-cryptocurrency-businesses-in-zimbabwe/): The Reserve Bank of Zimbabwe, the country’s apex bank, is looking to put up a regulatory sandbox for crypto companies in a view to shift from its previous anti-cryptocurrency stance.&nbsp; Some experts believe that the proposed sandbox was initiated by the government authorities of Zimbabwe to reshape its economy which has suffered a great hyperinflation since 2007. While the country has banned cryptocurrency in 2018, its monetary policies has continued to push its investors to digital currencies accounting for an increase in cryptocurrency peer-to-peer trading.&nbsp; Meanwhile, at this time, the RBZ is reportedly exploring plans for a central bank digital currency [&hellip;]
- [MoneyGram Confirms it has Sold Out $11.3 Million Worth of XRP From Ripple in Remittance Payments.](https://diutocoinnews.com/2020/03/moneygram-confirms-it-has-sold-out-11-3-million-worth-of-xrp-from-ripple-in-remittance-payments/): MoneyGram confirms it has sold out $11.3 million worth of the cryptocurrency XRP which it received from Ripple as part of it’s commercial agreement with the payments processor.&nbsp; According to the SEC Filing, MoneyGram says it received XRP from Ripple as a compensation for using Ripple’s On-Demand Liquidity (ODL) platform to process cross-border payments. The Ripple’s On-Demand Liquidity (ODL) settles remittance payments in real time by exchanging the sender’s currency into XRP, moving and converting it to the destination currency.&nbsp; “Moneygram is compensated by Ripple in XRP for developing and bringing liquidity to foreign exchange markets, facilitated by the ODL platform, [&hellip;]
- [The Top Incidents of Cryptocurrency Scams Recorded in Nigeria in 2019.](https://diutocoinnews.com/2020/03/the-top-incidents-of-cryptocurrency-scams-recorded-in-nigeria-in-2019/): The number of bitcoin users has continued to increase in Nigeria despite the Senate and CBN warnings against involving in cryptocurrency which has led to Nigerians losing millions to crypto fraud. While the number of cryptocurrency users continue to increase, many crypto investors has complained of losing money to various cryptocurrency scams in Nigeria including the satowallet hack.&nbsp; Nevertheless, it is expected of every investor to make a thorough check and utilize the services of professionals before taking certain investment decisions.&nbsp; See Also: Satowallet Hack: A Nigerian Cryptocurrency Service Provider Satowallet Losses User Funds To Hosting Provider. A cryptocurrency investor, Miss [&hellip;]
- [GTBank Now Allowing Nigerians to Make Mobile Money Transfer to All Banks Without Any Fee Charge Till 31st March, 2020.](https://diutocoinnews.com/2020/03/gtbank-now-allowing-nigerians-to-make-mobile-money-transfer-to-all-banks-without-any-fee-charge-till-31st-march-2020/): GTBank, one of the best online banking provider in Nigeria has taken the lead in the cashless policy from the Central Bank of Nigeria, allowing its customers to make mobile money transactions for free till 31st March, 2020. “From now till the 31st of March 2020, when you want to give money to family, help out a friend in need, pay for items at any grocery store, or send money to anyone at all, you will not be charged on transfers of up to N5,000.” In the email sent out to customers of the bank, all customers of the bank using [&hellip;]
- [BREAKING: CBN Devalues Naira to N380/$1 Setting Up a Uniform Exchange Rate.](https://diutocoinnews.com/2020/03/breaking-cbn-devalues-naira-to-n380-1-setting-up-a-uniform-exchange-rate/): Just in, the Central Bank of Nigeria (CBN) technically devalued the Nigerian Naira exchange rate on the Investors and Exporters’ (I&amp;E) window from the N366.7 to N380.20 to a dollar. The CBN also devalued the Nigerian Naira by 15 percent setting its exchange rate from N307/$1 to N360/$1.&nbsp; Diutocoinnews also got hold of a letter from the CBN to banks specifying the new exchange rate for dollars starting from the International Money Transfer Operators (IMTOs).  According to the CBN, IMTOs will sell to banks at N376/$1 while banks will sell to the CBN at N377/$1. Then the CBN will sell to [&hellip;]
- [The New Policy Set by the Central Bank of Nigeria to Support the Economy Amidst the Coronavirus Outbreak Does Not Support Digital Money](https://diutocoinnews.com/2020/03/the-new-policy-set-by-the-central-bank-of-nigeria-to-support-the-economy-amidst-the-coronavirus-outbreak-does-not-support-digital-money/): Following the increased spread of coronavirus, many countries are putting up various economic strategies to help protect the economic activity of its country for the good of its citizens and financial stability of the country.&nbsp; This new policy comes ahead of Central Bank of Nigeria, CBN, Monetary Policy meeting on March 23 and 24.&nbsp; Below are highlights of the communique issued by CBN : All CBN intervention facilities are hereby granted a further moratorium of one year on all principal repayments starting from March 1, 2020. Interest rates on all applicable CBN intervention facilities are hereby reduced from 9.0 percent to [&hellip;]
- [A Popular Nigerian Musician and Comedian, Speed Darlington Akpi Said He Lost His Money to Bitcoin.](https://diutocoinnews.com/2020/03/a-popular-nigerian-musician-and-comedian-speed-darlington-akpi-said-he-lost-his-money-to-bitcoin/): The Nigeria born musician Speed Darlington Akpi confirm this through his Instagram account yesterday after making a video promoting a Bitcoin vendor @greatib. Speed Darlington Akpi said he invested $1000 in bitcoin and it all went down to $50. Moreso, he said that the coronavirus effect is affecting the world economy confronting investors to sell their bitcoin to @greatib on instagram, a bitcoin vendor. Click to Watch Full Video&nbsp; This is the second time a Nigeria musician is talking about Bitcoin on social media. The Nigerian based musician, Speed Darlington is also a comedian. Following the bitcoin market crash and also [&hellip;]
- [The New CBN Microfinance Revised Banking License, a Threat to Fintech and Blockchain Startups in Nigeria.](https://diutocoinnews.com/2020/03/the-new-cbn-microfinance-revised-banking-license-a-threat-to-fintech-and-blockchain-startups-in-nigeria/): The Central bank of Nigeria released new banking license for microfinance banks which is mostly used by digital banks including Piggyvest and Kudi bank. The MFBs are seen as instrument for poverty reduction and financial inclusion that provide credit services to businesses in formal sector, such as accepting deposits, providing loans and fund transfer. Following the new revised license, most fintech and blockchain startups in Nigeria will need more funds to be able to catch up with the process. Moreso, the new revised banking standard does not support international fund transfer and other restricted functions. The Microfinance Bank Revised Banking License&nbsp; [&hellip;]
- [Nigerian Naira Depreciates Further to N462 Per $1 at the Bitcoin Market.](https://diutocoinnews.com/2020/07/naira-depreciates-at-the-bitcoin-market/): Just In, Nigerian Naira depreciates further to N462 Per $1 on most Naira to Bitcoin Market in Nigeria. There is a severe pressure on Nigeria’s foreign exchange market which has equally affected other markets including the Bitcoin Market in Nigeria.  
- [US Court Dismisses Fraud Case Against Woodberry Without Prejudice](https://diutocoinnews.com/2020/07/us-court-dismisses-case-against-woodberry/): The 29-year-old Ponle popularly known as Woodberry, facing charges bordering on wire fraud conspiracy at a United States District Court in Illinois has been dismissed by the US government without prejudice.   
- [Five Must Have Resources For Anyone Looking to Start Bitcoin Trading Business in Nigeria](https://diutocoinnews.com/2020/07/resources-for-bitcoin-trading-business/): The OTC Bitcoin trading business in Nigeria is moving at a faster rate then expected coupled with the recent price of naira to Bitcoin in Nigeria. Many Bitcoin traders prefer to use WhatsApp groups and Telegram groups among others to move their funds without regulations and at their own preferred prices and convenience&nbsp; Current study suggests that the volume moving on these informal platforms are far more higher than the reports from formal exchanges in Nigeria. Many youths, are moving into this business. Many others with no prior knowledge are looking for ways and the required resources to get into this [&hellip;]
- [Facts You Must Know Before Starting Your Buying and Selling Bitcoin Trading Business in Nigeria.](https://diutocoinnews.com/2020/07/bitcoin-trading-business-in-nigeria/): The business of OTC Bitcoin trading in Nigeria have seen a tremendous growth in the country, coupled with the increase in the value of one dollar to naira at the black market. 
- [UCC to Utilize DLT (Blockchain) For SIM Card Registration and Verification in Uganda](https://diutocoinnews.com/2020/07/ucc-to-utilize-dlt-sim-registration/): The Uganda Communications Commission (UCC) has recently partnered with CryptoSavannah and FSD Uganda to pilot Distributed Ledger Technology (DLT) in Sim Card registration and verification in Uganda.  
- [Visa Affirms Commitment Towards Promoting the Adoption of Digital Currencies For Crypto Wallet Providers](https://diutocoinnews.com/2020/07/visa-for-crypto-wallet-providers/): Visa for crypto wallet providers. In a recent announcement on its platform, one of the world&#8217;s foremost card payment processor has expressed its commitment towards fostering the adoption of digital currencies around the globe. The new Visa approach towards digital currencies allows the firm to provide channel for processing payments done with cryptocurrency. Visa has opened various channels and networks for helping digital currency wallets provide its customers a channel for spending their currencies worldwide.&nbsp; Visa&#8217;s Flyclient provides a netowork that makes it easier for mobile devices to validate blockchain transactions. Visa has partnered with various crypto firms including US based [&hellip;]
- [FEC Approves N75bn Youth Investment Fund to Support Young Innovators in Nigeria](https://diutocoinnews.com/2020/07/youth-investment-fund-nigeria/): The fund is targeted at helping Nigerian youth with initiatives and innovative ideas that lack support to be able to access credit facility and grow its product.  
- [DeFi Adoption Looms In With An Increase in Decentralized Exchange Volumes Surpassing June Records.](https://diutocoinnews.com/2020/07/defi-adoption-increase-in-decentralized-exchange/): DeFi Adoption: According to the data obtained from Dune Analytics, the volume of decentralized exchanges broke the all-time high set in June, reaching $1.5 billion.  Top four platforms including; Uniswap, Curve, Balancer, and Bancor Network made an outstanding progress during the month surpassing their June volumes. Read Also: Understanding What is DeFi and How It Works Amongst the four, Balancer, a newly launched decentralized trading platforms, had an outstanding performance with the volume up by 72 percent since June. The number of DeFi tokens traded has continued to increase signalling a huge incoming DeFi adoption. Uniswap and Curve covered most of [&hellip;]
- [Getting Out of the Boundaries of Impossibilities](https://diutocoinnews.com/2020/07/getting-out-of-the-boundaries-of-impossibilities/): I’ve read the last 10 years how 30 countries moved entire nation from abject poverty to level of decent economic well-being. None of these countries did it without building great companies with global products to earn global revenue. Those nations have strong political leadership, they aren’t the rail for wealth creation in those countries as most recreative venture whiles every other thing remain dependent on.&nbsp; They have intentionally built systems that provide ample conditions for willing capital to fund willing entrepreneurs who have bigger dreams and crazy ideas to change the world with their ingenuity in building new Startup venture. In [&hellip;]
- [Where and How to Trade Tatcoin.](https://diutocoinnews.com/2020/07/where-and-how-to-trade-tatcoin/): You need to know how to trade tatcoin. Tatcoin went live for full trading (buying and selling) on 13th July, 2020 on various popular cryptocurrency trading platforms. The token is currently open on ABiTtrader, iDEX and Bitfxt cryptocurrency exchange. This is the first successful Africa&#8217;s very own utility token to gain an outstanding global attention and adoption.&nbsp; Steps to trading (buying and selling) Tatcoin: 1. Open an account To trade Tatcoin, you’ll first need a crypto trading account. It only takes a few steps to set up one and its totally free.  You will need to sign up a new account [&hellip;]
- [Twitter Hack Update: Hackers Using Mixing Tool to Block Law Enforcement From Tracing Transaction.](https://diutocoinnews.com/2020/07/twitter-hack-update-using-mixing-tool/): Some part of the funds collected through the Twitter Hack this week appear to be on the move claims Elliptic, a Bitcoin wallet address tracing service firm.  
- [Understanding What is DeFi and How It Works](https://diutocoinnews.com/2020/07/understanding-what-is-defi/): What is DeFi: It is called DeFi, a short way for writing ‘Decentralized Finance.’ DeFi creators recreate the traditional financial instruments in a decentralized style.&nbsp; DeFi is also known as Open Finance because it is transparent, easily accessible by anyone with smartphone and knowledge of how it works. These new decentralized architecture is not controlled neither by the company nor the government, hence the term decentralized—free from control by central authority. One of the most successful DeFi tokens is Compound, a crypto version of Lending protocol where accrued interest is distributed to an insurance reserve. Similarities Between DeFi and Traditional Finance [&hellip;]
- [Stop Using TikTok, You Are Giving Hackers Opportunity to Hack Your Crypto Wallet. ](https://diutocoinnews.com/2020/07/tiktok-to-hack-crypto-wallet/): A recent review on Reddit had shown that Tiktok is more or less a data collecting mobile app rather than a social media app.&nbsp; The viral short video app where millions of teens post comedy skits and other videos of theirs have recieved too many reviews which shows that the social media app takes a lot of personal information of its users than expected.&nbsp; Following a recent ban by the government of India and its recent review downgrading on Google PlayStore, regulators and other security organisation have warned teens to avoid using the China owned social media app. The short viral [&hellip;]
- [Meet Dr Lamido Yuguda the New SEC Nigeria Director-General, the Capital Market Regulators in Nigeria.](https://diutocoinnews.com/2020/07/lamido-yuguda-new-sec-dg/): Yuguda is an economist, banker and investment manager, with over 30 years’ experience in financial services working with CBN and SEC Nigeria. On Monday, Lamido Yuguda assumed office at the capital markets’ regulatory agency as the new Director-General of the Securities and Exchange Commission (SEC) of Nigeria.&nbsp; According to the new statement released in Abuja by SEC Head of Corporate Communication, Efe Ebelo, he said Mr Yuguda assumed duty alongside three new executive commissioners of the commission. The three new commissioners are Reginald Karawusa, Ibrahim Boyi and Dayo Obisan. In a remark, the outgoing Acting Director-General, Mary Uduk, said the commission [&hellip;]
- [Full List of All African Panelists and Speakers to Speak at the Binance Off the Charts Conference.](https://diutocoinnews.com/2020/07/african-speakers-at-binance-conference/): Binance “Off The Charts” online-only conference, coming soon on July 14, 2020 will be having an exclusive panelists for all African speakers.   
- [Crypto ‘OG’ Wants Blockchain Startups to Collaborate With Banks to Grow Adoption in Nigeria.](https://diutocoinnews.com/2020/07/crypto-og-wants-blockchain-startups-to-collaborate-with-banks/): Chemezie Chuta, the founder of Blockchain Nigeria User Group advocates for a collaboration between Nigeria blockchain-based startups and the banks to drive adoption of crypto in the country.  Chuta believes that, “Nigerian Crypto companies and banks can work together, just like Fintech companies are working together with banks. Agreed, Cryptos and banks have been seen as bitter enemies, which is understandable. The anti-banks sentiment has prevailed ever since the inception of bitcoin, with cryptos posing threat as a substitute for fiats.” He emphasized the fact that though traditional banks and crypto firms seem to be an enemy of one another, the [&hellip;]
- [Algorand, Empowering DeFi Capabilities on Diverse Use Case.](https://diutocoinnews.com/2020/07/algorand-empowering-defi/): Algorand, Empowering DeFi Capabilities on Diverse Use-Cases  
- [G20 Drafts Regulatory Groundwork for Accepting Digital Currencies.](https://diutocoinnews.com/2020/07/g20-regulatory-groundwork-for-digital-currencies/): World&#8217;s international forum for the governments and central bank governors from 19 countries and the European Union (EU) is looking to implement a regulatory groundwork for accepting digital currencies for its member states.&nbsp; Japanese local news outlet, Kyodo News reports on July 11, that the G20 summit comprising of representatives from 19 countries and the European Union will be drafting the groundwork to accept digital payments.&nbsp; The organisation is looking to take off with the implementation, starting from October, presumably at the G20 Finance Ministerial and Deputies Meetings in Washington DC. The changes according to Koyodo news is in response to [&hellip;]
- [Increasing Need for Next of Kin Feature By Crypto Wallet Providers Looms in, With Over $30 Billion Worth of BTCs Lost.](https://diutocoinnews.com/2020/07/crypto-will-by-crypto-wallet-providers/): At the current price of Bitcoin (BTC), per the data from Coinmarketcap, one Bitcoin costs around $9,261 at $9300 support level. While Bitcoin remains unhackable at the moment, accessing a bitcoin wallet without the private keys is nearly impossible. If you lose access to a BTC wallet, the BTC inside the wallet is lost forever.&nbsp; Data retrieved from Coincover, a British crypto analytic and crypto holdings firm, confirmed that about 4 million BTCs worth around $30 billion at the current price of one, has been lost as a result of the owners either dying or not having access to it.&nbsp; Could [&hellip;]
- [More than 13,000 Bitcoin Addresses Hold Over $1 Million Worth of Bitcoin.](https://diutocoinnews.com/2020/07/bitcoin-addresses-worth-1million-dollars/): Currently, there are over 13,000 Bitcoin (BTC) addresses worth over $1 million. Data from Glassnode suggests that there are more than 13,000 Bitcoin (BTC) addresses holding BTC worth over $1 million. With the data available on Glassnode, we can say that there are currently 13,000 Bitcoin millionaires, who hold about 107 Bitcoin worth over $1M at its current price. Though the price of bitcoin to US Dollar may fluctuate their net worth at some point in time, some of these addresses at the highest low of Bitcoin this year may not worth $1 million in dollars. Remember that there are over [&hellip;]
- [Ripple Payment is Now Available in U.S, and Other Geopolitical Regions Through One Pay FX](https://diutocoinnews.com/2020/07/ripple-payments-available-in-usa-through-payfx/): Ripple Network is a blockchain-based remittance payment network used in borderless payment competing with the likes of Western Union etc.&nbsp; Santander, one of the Spanish biggest bank by total asset and market capitalization, had designed a Ripple enabled payment app called One Pay FX that made the use of crypto accessible to a wider geopolitical zone.&nbsp; Ripple has dual capabilities as a currency and a payment channel. With the collaboration of Santander, the use of crypto is now acessible to 22 geopolitical regions. One Pay FX is now available to United States residence, Chile and other newly added 19 geopolitical regions [&hellip;]
- [Binance Lists Available Jobs Open for Hiring in Africa](https://diutocoinnews.com/2020/07/binance-jobs-in-africa/): Binance, the company behind the largest cryptocurrency exchange by volume is looking to hire successful applicants for various roles as it expands its crypto trading services within the continent.&nbsp; Binance is looking to hire more qualified persons aside the previous closed job offers listed before now. The company is looking to serve a greater part of Africa in other to increase the adoption in crypto around the world. The company had made a successful move into Nigeria market aside other Africa markets, increasing the NGN/BTC trading volume on its platform with all-time high of over 900 million naira. Following the launch [&hellip;]
- [[VIDEO] Binance Africa Midyear Report: Educating Nigeria and the Rest of Africa on Crypto](https://diutocoinnews.com/2020/07/binance-africa-midyear-report/): Binance Africa has just released 2020 midyear report, covering the activities and progress made so far towards adoption around Africa.   
- [Hushpuppi the Alleged Cyber Criminal Alongside Woodberry Hires Mark Geragos Former Michael Jackson's Lawyer.](https://diutocoinnews.com/2020/07/hushpuppi-hires-mark-geragos/): Unconfirmed reports around social media, claims that the duo have hired a high profile successful american-lawyer, Mark Geragos, who was once an attorney to the late pop star Michael Jackson.  
- [Hushpuppi: Woodbery Defrauded US firm of $15.3m Loaded in a Bitcoin wallet.](https://diutocoinnews.com/2020/07/hushpuppi-woodbery-bitcoin-wallet/): The Federal Bureau of Investigations, FBI, has filed a case claiming that Olalekan Jacob Ponle, an acompliance arrested alongside Hushpuppi, defrauded US firms of millions in dollars.  
- [[VIDEO] Tatcoin Gets Added to the ivendPay Payment System For Payments Across Asia and Europe. ](https://diutocoinnews.com/2020/07/tatcoin-added-on-ivendpay/): African's largest utility token, Tatcoin has been added to the ivendPay payment system, one of the largest crypto payments processor across Africa and Europe.   
- [Germany Plans to Restructure Regulator, Bafin After the Wirecard Scandal. ](https://diutocoinnews.com/2020/07/germany-after-wirecard-scandal/): German Finance Minister Olaf Scholz has announced plans to restructure financial services regulator Bafin following the reputational damage surronding the Wirecard scandal.  
- [Binance Africa Influencer Awards Gets Backlash From Africa Community. ](https://diutocoinnews.com/2020/07/binance-africa-influencer-awards-gets-backlash-from-africa-community/): The on-going binance influencer award have received a wide criticism from most African influencers including the nominees.  
- [Binance Africa Influencer Award: Who Has Better Odds of Winning Between Gaius Chibueze and Chris Ani, the Top Two Most Influential in the Crypto Space in Africa.](https://diutocoinnews.com/2020/07/binance-africa-influencer-award/): Binance Africa Influencer Award: Who Has Better Odds of Winning Between Gaius Chibueze and Chris Ani, the Top Two Most Influential in the Crypto Space in Africa.  
- [The Commission Will Issue Cryptocurrency Regulations to Make Sure that Cryptocurrency Operators are Taxed and Regulated Accordingly Says SEC Nigeria.](https://diutocoinnews.com/2020/07/sec-nigeria-to-regulate-cryptocurrency-operators/): The Commission Will Issue Cryptocurrency Regulations to Make Sure that Cryptocurrency Operators are Taxed and Regulated Accordingly Says SEC Nigeria.  
- [Opay Shuts Down ORide and Other Business Units to Focus on Fintech Services](https://diutocoinnews.com/2020/07/opay-shuts-down-oride/): Opay has announced that it would be shutting down ORide and some of its business units (for now) to focus only on it's financial technology services (PayCom)  
- [Akoin Foundation is Set to Launch a Blockchain Hub in Kenya](https://diutocoinnews.com/2020/07/akoin-foundation-blockchain-hub/): The Akoin Foundation, a cryptocurrency and blockchain ecosystem run by the Senegalese-American rapper Akon, is set to establish a blockchain hub in Kenya in mid-Q4, 2020.  
- [Erigga Money, Nigeria Top Sensational Hip Hop Top Recording Artist is Bullish About Bitcoin.](https://diutocoinnews.com/2020/07/erigga-is-bullish-about-bitcoin/): Erigga Money, the popular Nigerian Motivational Rapper and Best Street Hip Hop Nominee for the 2012 and 2019 Headies took to twitter today affirming his stance towards the use of bitcoin and its adoption around Nigeria.   
- [Zimbabwe Suspends all Mobile Money Agent Transactions in Other to Control Hyperinflation.](https://diutocoinnews.com/2020/07/zimbabwe-suspends-mobile-money/): Zimbabwe’s central bank has suspended all “mobile money agents” transactions in a bid control to hyperinflation in the country.   
- [Coinbase, Binance, and Kraken Lead the Way in Blockchain Merger and Acquisition Deals.](https://diutocoinnews.com/2020/06/blockchain-merger-and-acquisition-deals/): Coinbase, Binance, and Kraken leads in the blockchain industry being the most active firms in acquisitions around the globe boasting of at least 10 merger and acquisition transaction deals.  
- [SEC Nigeria Warns Individuals of Losing Funds to the Illegal Products Offered By iBSmartify ](https://diutocoinnews.com/2020/06/sec-nigeria-warns-ibsmartify/): The Securities and Exchange Commission (SEC) on Sunday, disclaimed the activities of iBSmartify Nigeria, warning Nigerians to desist from patronizing the firm or any of its products.  
- [CBN Releases Draft Framework for Regulatory Sandbox Operations on Emerging Technologies in the Payments Space.](https://diutocoinnews.com/2020/06/cbn-releases-draft-framework-for-regulatory-sandbox/): CBN has released a new Draft Framework for Regulatory Sandbox Operations focused on emerging technologies in the payments space.  
- [Algorand And Banking: Benefits of Using Algorand At the Banks.](https://diutocoinnews.com/2020/06/algorand-and-banking/): We will be looking at the benefits of adopting Algorand blockchain and its features at the banking sector around Nigeria.  
- [Traditional Banks are Losing Customers to Digital Banks in Nigeria Following the New Stamp Duty Charge By FIRS](https://diutocoinnews.com/2020/06/traditional-banks-is-losing-to-digital-banks/): Digital Banks in Nigeria had recorded a new dawn following the new “Stamp Duty” fee charge on every 10,000 Naira transfer by Traditional Banks.  
- [A Dynamic MultiChain Technology Helping Users to Establish Private and Secured Blockchains](https://diutocoinnews.com/2020/06/multichain-technology-helping-users-establish-private-blockchain/): A Dynamic MultiChain Technology Helping Users to Establish Private and Secured Blockchains  
- [Introducing ABiTrader App, an African-focused P2P Crypto Trading Mobile App For Buying and Selling Bitcoin in Africa](https://diutocoinnews.com/2020/06/abitrader-mobile-app/): The novel blockchain startup in Nigeria, ABiT Network has launched the mobile app version of its Bitcoin P2P (peer-to-peer) trading web app, some days after its fundraise.   
- [ATM Transactions Drops By 50% With A Corresponding Increase In Fintech Apps Downloads](https://diutocoinnews.com/2020/06/atm-transactions-drop-by-50/): The global ATM transactions had dropped by 50 percent since the outbreak of COVID-19.  
- [Introducing Paystack Commerce, a Seller's Toolkit For African Creators and Brands](https://diutocoinnews.com/2020/06/introducing-paystack-commerce-toolkit/): Paystack is introducing Paystack Commerce, a seller toolkit for African brands and creators to ease the sell of products online.  
- [Introducing Binance Access: A B2B Solution for Merchants to Natively Integrate Buy Crypto Functions. ](https://diutocoinnews.com/2020/06/introducing-binance-access/): Binance.com introduces Binance Access, a B2B (Business-to-Business) solution for merchants around the globe.  
- [Again, President Buhari Calls The Change Of CFA To Eco “A Risky Move”, Calls For Another Meeting](https://diutocoinnews.com/2020/06/change-of-cfa-to-eco/): Again, President Buhari calls the change of CFA to Eco “A Risky Move”, calls for another meeting to embark on peacefully deliberation.   
- [Don Jazzy Confirms He is Trading Bitcoin After Sharing His Crypto Trading Charts From Trading View](https://diutocoinnews.com/2020/06/don-jazzy-is-trading-bitcoin/): Don Jazzy has confirmed that he is trading Bitcoin after sharing his crypto trading charts from trading view.  
- [Beneficial Use Cases of Algorand In Various Industries](https://diutocoinnews.com/2020/06/beneficial-use-cases-of-algorand/): Algorand has many beneficial use cases of in different sectors and industries in the block-chain space around d the globe.  
- [UNICEF Crypto Fund Announces $100,000 Funding Grants For Startups](https://diutocoinnews.com/2020/06/unicef-crypto-fund/): The UNICEF Innovation Fund and Crypto Fund announced a public funding grants for startups offering blockchain solutions to apply for gransts (up to $100,000 and cryptocurrency combined).  
- [Bitcoin ATM Machines Grow to 8,000 Around the World](https://diutocoinnews.com/2020/06/world-bitcoin-atm-machines/): Since the establishment of Bitcoin Automated Teller Machines in 2013, over 8,000 Bitcoin ATMs are now installed around the world, including in Nigeria, the country with the highest bitcoin trading volume in Africa.  
- [Chipper Cash Closes $13.8 million in Series-A Round](https://diutocoinnews.com/2020/06/chipper-cash-series-a-round/): San Francisco based fintech startup Chipper Cash, used in processing cross-border transactions within Africa has closed a $13.8 million Series-A investment round.  
- [The Number of BTC Whales Surges to Three-Year High](https://diutocoinnews.com/2020/06/number-of-btc-whales/): The number of BTC whales with 1,000 Bitcoins or more in their bitcoin wallets has increased to 1,882 from around 1,650 in January. This is the highest number in about three years.  
- [Crypto at the Universities; LASU Students Shares Assignments Given to Them on Cryptocurrency in Nigeria. ](https://diutocoinnews.com/2020/06/crypto-at-the-universities/): Crypto at the Universities; LASU campus students shares an assignments given to them on Cryptocurrency in Nigeria. LASU — Lagos State University student of Nigeria shared with Diutocoinnews an assignments given to them to write concerning cryptocurrency in Nigeria.  
- [Algorand and Central Bank Digital Currency.](https://diutocoinnews.com/2020/06/algorand-and-cbdc/): Algorand and Central Bank Digital Currency (CBDC). How algorand can be utilized in powering CBDCs across the globe.  
- [Algorand Project Review](https://diutocoinnews.com/2020/06/algorand-project-review/): Algorand Project Review focuses on discussing the underlying smart technology built by Algorand for the blockchain ecosystem.   
- [For the First Time, Kenya Ranks Above Nigeria in Bitcoin Search in Africa.](https://diutocoinnews.com/2020/06/kenya-ranks-above-nigeria/): Recent Google Trends data compiled by Blockchaincenter.net shows that Kenya ranks above Nigeria in Bitcoin search for the first time over a long period of time.  
- [The First Nigerian Blockchain Startup to Raise Over 250 Million Naira in Presale.](https://diutocoinnews.com/2020/06/the-first-nigerian-blockchain-startup-to-raise-over-250-million-naira-in-presale/): AbiT Network is the first Nigerian blockchain startup to raise over 250 million naira in its presale stage.  
- [Naira to Suffer Further Devaluation, Says MTEF Report](https://diutocoinnews.com/2020/06/naira-to-suffer-devaluation/): According to the information provided by the Medium-Term Expenditure Framework and Fiscal Strategy (MTEF/FSP) report as released by the Federal Ministry of Finance, Budget, and National Planning, the exchange rate between the naira and the dollar may be further devalued.  
- [Chainalysis Partners with A&amp;D Forensics, Expanding Access to Its Cryptocurrency Investigative Tools in Africa](https://diutocoinnews.com/2020/06/chainalysis-partners-ad-forensic/): Chainalysis, the blockchain analysis company, and A&D Forensics, Africa’s leading blockchain and financial forensics firm, today announced a partnership that will further the adoption of Chainalysis Reactor, the company’s investigative software, in the African market.  
- [Fintech Association of Nigeria Appoints New Board of Trustees](https://diutocoinnews.com/2020/06/board-of-trustees-fintech-association-nigeria/): The Fintech Association of Nigeria has appointed new board of Trustees in other to achieve its 3 year strategic plan for a better Fintech ecosystem in Nigeria.  
- [Algorand Presents a Superior Consensus Mechanism](https://diutocoinnews.com/2020/06/algorand-consensus-mechanism/): Algorand blockchain appears to be a superior consensus mechanism through its Pure Proof-of-Stake mechanism.  
- [CAFEi Nigeria Suggests Blockchain for Identity Management to Achieve Financial Inclusion.](https://diutocoinnews.com/2020/06/caefei-suggests-blockchan-identity-management/): Consumer Awareness and Financial Enlightenment Initiative (CAFEi), suggests the use of blockchain to fix the identity management issue in Nigeria.  
- [Bitcoin Billionaire Movie to Tell the Story of the Winkelvoss Twin Bitcoin Billionaire Brothers.](https://diutocoinnews.com/2020/06/winkelvoss-bitcoin-billionaire-movie/): Bitcoin Billionaire movie an adaptation of the book “Bitcoin Billionaire” will be featuring the story of the billionaire twin brothers, Cameron and Tyler Winkelvoss.  
- [KuBitX Wallet Review: How to Sign Up on KuBitX Wallet and Get Free XLM Tokens.](https://diutocoinnews.com/2020/06/kubitx-wallet-review/): This is KuBitX Wallet Review. You learn how to set up a new account ign on KuBitX wallet and get free XLM tokens. KuBitX Wallet (KBX Wallet) allows you to spend one currency in any part of Africa all powered by blockchain technology. 
- [An In-depth Overview of Proof-of-Stake Blockchain Consensus Algorithm.](https://diutocoinnews.com/2020/06/blockchain-consensus-algorithm/): This is an elaborative explanation on the two main styles of blockchain consensus algorithm , Proof-of-Work and Proof-of-Stake algorithm. 
- [Algorand's Layer-1 Innovation, Use Cases, and Smart-Contract Architecture](https://diutocoinnews.com/2020/06/algorand-smart-contract-architecture/): This is a deep explanation on Algorand's Layer-1 innovation, it's use cases, and smart-Contract architecture. Using Algorand's smart-contract, you can build and develop a lot of things. 
- [Join Tatcoin Talent Hunt and Win Up to N500,000 ](https://diutocoinnews.com/2020/06/tatcoin-talent-hunt/): AbitNetwork is launching Tatcoin Talent Hunt, a program to incentive the community with their effort towards promoting Tatcoin on social media.  
- [Bitcoin Stands Out as the Best Investment Against Nigeria Naira Over 50 Years Ago.](https://diutocoinnews.com/2020/06/bitcoin-best-investment-against-naira/): Bitcoin still stands out as the best investment of all time against the Nigerian Naira for over 50 years ago. The outstanding performance of the world's biggest cryptocurrency over the years sets it apart from other world’s fiat currencies including Nigeria Naira.  
- [KoinKoin Announces Full Launch of Digital Assets Exchange Services in Nigeria.](https://diutocoinnews.com/2020/06/koinkoin-digital-assets-exchange/): KoinKoin has announced the full launch of its Digital Assets Exchange services in Nigeria. KoinKoin’s digital asset exchange offers peer to peer exchange services as well as a direct fiat to cryptocurrency exchange. 
- [Interview Session With Stephen Voski a Fast Rising Tutor in the Nigerian Cryptocurrency Space.](https://diutocoinnews.com/2020/06/stephen-voski-interview-session/): An interview session with Stephen Chukwu, popularly known as Stephen Voski as a talks about the youth adoption of cryptocurrency in Nigeria. A fast rising tutor in the Nigerian cryptocurrency space.  
- [Brave Browser, a Privacy Earning Browser Reaches Over 15 Million Monthly Active Users.](https://diutocoinnews.com/2020/06/brave-browser-active-users/): Brave Browser, the world's number one cryptocurrency-powered web browser by number of users announced an increase in the number of its monthly active users.  
- [Join Raise Beta Program and Get Free Access to an End-to-End Fundraising Platform.](https://diutocoinnews.com/2020/06/raise-beta-program/): Join raise beta program now and access the end-to-end private equity fundraising platform to achieve your dream project.  
- [Raise, a Private Equity Exchange Simplifying the Future of Fundraising in Africa Opens Access to Beta Platform.](https://diutocoinnews.com/2020/06/raise-beta-access/): Raise, a private equity exchange simplifying the future of fundraising in Africa has opened access to its Beta Platform. Raise, a Nairobi-based startup has created a solution for founders who may find it hard to successfully achieve their goals following a fundraise 
- [An Interview Session With Nikolay Shkilev, CEO Zelwin.com E-Commerce Marketplace.](https://diutocoinnews.com/2020/06/interview-session-zelwin-com/): I am the CEO and Co-Founder at Zelwin.com. It's a marketplace of goods where the e-commerce market and digital assets are combined together.  
- [South Korean Court Orders the Freeze of Crypto Wallets Belonging to a Child Porn Ringleader, Cho Ju-bin.](https://diutocoinnews.com/2020/06/freeze-cho-crypto-wallets/): South Korean Court Orders the Freeze of Crypto Wallets Belonging to a Child Porn Ringleader, Cho Ju-bin.  
- [BVN-Linked Accounts Now 41.82 million Out of the Over 99 million Adults in Nigeria](https://diutocoinnews.com/2020/06/bvn-linked-accounts-nigeria/): BVN-Linked accounts has now reached 41.82 million out of the over 99 million adults population in Nigeria.  
- [Nigeria's Top Most Crypto Exchange, Buycoins Africa Records New Trading Volume.](https://diutocoinnews.com/2020/06/buycoins-may-trading-volume/): Nigeria's top most crypto exchange Buycoins Africa recorded a new trading volume in May, 2020.  
- [Nigerian Naira Appreciates to N431.40 Per $1 Against the N450 Per $1 Traded Last Week at the Crypto Market. ](https://diutocoinnews.com/2020/06/naira-appreciates-against-dollar/): Nigerian Naira appreciates to N431.40 per $1 boosting a gain of N19 against the N450 per $1 traded last week Friday at the crypto market.   
- [Bitcoin Surges Above $10,000 Again Amidst the Unrest Across the United States.](https://diutocoinnews.com/2020/06/bitcoin-surges-above-1000/): Bitcoin surges above $10,000 again amidst the unrest across the United States.  
- [Buycoins Adds Support for USDC Stablecoin on its Platform.](https://diutocoinnews.com/2020/06/buycoins-adds-usdc/):  Buycoins Africa now supports the sending and receiving of USDC stablecoin.  
- [An Accused Crypto Fraudster, Willie Breedt Flees South Africa to Mozambique.](https://diutocoinnews.com/2020/06/willie-breedt-flees-south-africa/): The accused seven-figures crypto fraudster has fled from South Africa to Mozambique according to reports.  
- [CBN Debunks the Rumors of N2000 and N5000 Naira Banknotes Making Rounds Online.](https://diutocoinnews.com/2020/05/rumours-of-n2000-n5000-banknotes/): CBN debunks the rumors making rounds online on the existence of N2000 and N5000 Naira Banknotes.  
- [Algorand Wallet Review 2020: Wallet Features and How to Set Up a New Wallet.](https://diutocoinnews.com/2020/05/algorand-wallet-review/): Algorand wallet review will be focusing on the features of the wallet and how to set up a new wallet.  
- [Algorand: A Breakthrough For the Digital Economy](https://diutocoinnews.com/2020/05/algorand-digital-economy/): Algorand is the new technology that will foster a big breakthrough for the digital economy  
- [The Need for a Crypto Fan House Inmate at the BBNaija 2020 Sparks Concern Among the Cryptocurrency Community in Nigeria.](https://diutocoinnews.com/2020/05/bbnaija-crypto-house-inmate/): The need for a crypto fan house inmate at the BBNaija 2020 has raised a big concern among the cryptocurrency community in Nigeria.  
- [The AbiTrader Factor: How AbiTrader Will Take Over the P2P Market in Africa](https://diutocoinnews.com/2020/05/abitrader-will-takeover-p2p/): The AbiTrader factor is a unique tool for AbiTrader to take over the P2P market in Africa.  
- [Facebook's Calibra Rebrands to Novi, Announcing WhatsApp Interoperability](https://diutocoinnews.com/2020/05/calibra-rebrands-to-novi/): In other to speed up the launch of Libra payments ecosystem, Calibra renames cryptocurrency wallet Novi, details tie-up to WhatsApp.  
- [Tether Blows Ripple (XRP) Out as the Third Largest Cryptocurrency by Market Capitalization ](https://diutocoinnews.com/2020/05/tether-blows-out-ripple/): Tether USDT blows Ripple (XRP) from the third position and now seats as the third largest cryptocurrency by Market Capitalization   
- [BlueKey Utility Token (BKY) Lists on CoinmarketCap](https://diutocoinnews.com/2020/05/bluekey-lists-on-coinmarketcap/): Bluekey Utility Token (BKY) lists its token on the worlds top cryptocurrency data aggregator, known as Coinmarketcap.  
- [Craig Wright, Self-Proclaimed Satoshi Nakamoto Gets Another Red Card](https://diutocoinnews.com/2020/05/self-proclaimed-satoshi-nakamoto/): Craig Wright, the self-proclaimed Satoshi Nakamoto has been proven wrong once more.  
- [New Documentary Suggests How Africa Can Leverage on Bitcoin.](https://diutocoinnews.com/2020/05/how-africa-can-leverage-bitcoin/): A new documentary available on Amazon Prime explains how African countries can leverage on Bitcoin and other cryptocurrencies to boost the region's economy.  
- [Suseong University in South Korea to Create a Blockchain And AI Campus](https://diutocoinnews.com/2020/05/suseong-university-blockchain-campus/): Suseong University in South Korea announced plans to create a Blockchain and AI Campus.  
- [Africa Sets New All-Time High of N5.076 Billion Naira in Peer-to-Peer Bitcoin Trades With Nigeria Covering Over N3.631 Billion Naira.](https://diutocoinnews.com/2020/05/bitcoin-trades-in-africa/): Just in, Africa sets a new All-Time high of N5.076 Billion Naira in peer-to-peer Bitcoin trades across 18 African countries with Nigeria covering over N3.631 Billion Naira.  
- [ABiT Network Rolls Out Central System to Allow Users Access to Platforms via Single Login Details](https://diutocoinnews.com/2020/05/abit-network-launches-central-login/): ABiT Network has launched a new central login system allowing all users access to all the ABiT Network services with one user login details.  
- [Nigerian Inflation Rate Continues to Increase on a Month-On-Month Basis in 2020.](https://diutocoinnews.com/2020/05/nigeria-inflation-rate-increases/): The Nigerian Inflation Rate Has Continued to Increase on a Month-On-Month Basis in 2020 says the National Bureau of Statistics.  
- [Crypto Currencies — The Beginners Guide Written By Stephen Voski](https://diutocoinnews.com/2020/05/written-by-stephen-voski/): Crypto Currencies—The Beginners Guide is a guide and a grass root explanation of what bitcoin and cryptocurrencies entails today written by Stephen Voski.  
- [Do You Think Satoshi Nakamoto Moved His Bitcoin Holdings?](https://diutocoinnews.com/2020/05/satoshi-moved-his-bitcoin/): Bitcoin’s founder and purported top holder, Satoshi Nakamoto may have just moved some of his earliest mined Bitcoin (BTC) worth over N180 Million Naira at press time.  
- [Crystal Blockchain Analytics Report Suggests that the Bitcoin Activity on Dark Web Increased by 65% in Q1 2020.](https://diutocoinnews.com/2020/05/crystal-blockchain-dark-web-report/): A new report from Crystal Blockchain Analytics suggests that the value of Bitcoin transferred through the dark web increased in Q1 2020.  
- [Dan Holdings Donates 20 Million Naira to LifeBank to Fight Covid-19 in Oyo State.](https://diutocoinnews.com/2020/05/danholdings-donates-20million-to-lifebank/): Dan Holdings Limited, has made a total of N20 Million Naira donation to Lifebank for Airbank (Oxygen) in Lagos, Oyo and Abuja and Testing facilities for a total of 1500 tests.  
- [First Free TON Contests Goes Live Allowing Contributors to Acquire TON Crystals](https://diutocoinnews.com/2020/05/first-free-ton-contest/): Just in, Free TON launches first community contests, in other to distribute thousands of TON Crystals to contributors—winners and participants.  
- [WoToken: Another “Record-Breaking” Chinese Crypto Ponzi Scheme has Emerged](https://diutocoinnews.com/2020/05/wotoken-ponzi-scheme/): Recent reports suggests that WoToken, another “Record-Breaking” Chinese-based crypto ponzi scheme similar to PlusToken crypto ponzi scheme has emerged  
- [Market Insight Wednesday: Naira Reaches New All Time High Against Dollar Across Bitcoin to Naira Market](https://diutocoinnews.com/2020/10/bitcoin-to-naira-market/): In the last four days, the Naira to Bitcoin market opened trading at an average high of N471.5 with an average low of N462.5 per dollar.
- [Nigeria Outlines the Draft  on National Blockchain Adoption Strategy for the National Adoption of Blockchain Tech and DLT in Nigeria](https://diutocoinnews.com/2020/10/nigeria-blockchain-adoption-strategy/): The draft national blockchain adoption strategy for the national adoption of Blockchain Tech and DLT in Nigeria was recently released by the National Information Technology Development Agency (NITDA). 
- [Call For Crypto Adoption: Protesters Resort to Bitcoin Donation Following it's Naira Bank Account Deactivation.](https://diutocoinnews.com/2020/10/protesters-resort-to-bitcoin-donation/): Call For Crypto Adoption: Protesters Resort to Bitcoin Donations Following it's Naira Bank Account Deactivation.
- [Binance CEO CZ and Other World Leading Crypto Companies Lend Their Voices to the #EndSARS Campaign in Nigeria.](https://diutocoinnews.com/2020/10/cz-on-endsars-campaign/): , popular foreign personnels including Binance,s CEO Changpen Zhao and Justin Sun of Tron Foundation has lend their voice to the crypto community in Nigeria.  
- [Yele Bademosi and Bundle Africa Team makes the First Cryptocurrency #EndSARS Funds Campaign Pegged at 1.5M Naira](https://diutocoinnews.com/2020/10/cryptocurrency-campaign-fund/): Bundle Africa makes the bravery move to support the EndSARS campaign in Nigeria with a funding pegged at N1,000,000 at $2,145 BUSD done using cryptocurrency.
- [Justin Sun Lends His Voice to the Nigerian Crypto Community on #EndSARS After Yele Bademosi Voiced Out His Ordeal. ](https://diutocoinnews.com/2020/10/crypto-endsars-nigeria/): Justin Sun, the owner of one of the most popular cryptocurrency widely used across Nigeria and Africa has voiced out against the recent police brutality in Nigeria, to support the EndSARS campaign in Nigeria  
- [Arizona Accuses Nigerian Man For Identity Fraud Involvement in Crypto Investment.](https://diutocoinnews.com/2020/10/arizona-nigerian-crypto-identity-fraud/): Arizona State Regulator has ordered a Nigerian man by name Abuchi Okoye to cease and desist offering digital currency investments to its residents.
- [Davido Partners With Bitsika Crypto Payments Application](https://diutocoinnews.com/2020/10/davido-partner-with-bitsika/): Davido, Africa's mega superstar has partnered with Africa's crypto payments application Bitsika, to drive payments and money transfer across the continent.
- [GTBank Reviews International Naira Card Transactions Up to $200 Per Month](https://diutocoinnews.com/2020/10/gtbank-naira-card-transaction/): One of the best online banking services providers in Nigeria GTBank has now reviewed it's Naira Card spending limit from $100 up to $200.
- [Full Guide on How to Use BSCswap and DegenSwap For Binance Smart Chain.](https://diutocoinnews.com/2020/10/how-to-use-bscswap-and-degenswap/): This guide will explain Binance Smart (BS) Chain, then how to use BSCswap and DegenSwap all built on BSChain
- [Nigeria Bank Credit and Debit Card that You can Use to Buy Bitcoin on Crypto Exchanges and the Ones to Avoid.](https://diutocoinnews.com/2020/10/buy-bitcoin-with-credit-card/): Nigerians use many fiat gateways to buy Bitcoin across the country. One of the most common methods being Naira Debit and Credit Cards.
- [Tax on Bitcoin Looms in For Nigerians As Coinbase Plans to Release Details of UK Users to the Taxman ](https://diutocoinnews.com/2020/10/bitcoin-tax-in-nigeria/): Tax on bitcoin traders in Nigeria will soon become a reality mostly for high-income earns involved in Bitcoin Trading.
- [Zimbabwe's VF Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval'](https://diutocoinnews.com/2020/10/crypto-stock-exchange-zimbabwe/): Zimbabwe's Victoria Falls Stock Exchange (VFSE) is open to listing Bitcoin and other cryptocurrencies says Justin Bgoni  
- [Chipper Cash Reportedly Looking to Support Bitcoin Trading on Its Platform](https://diutocoinnews.com/2020/10/bitcoin-trading-on-chipper-cash/): Bitcoin Trading on Chipper Cash may become a reality months after it was added as a payment option on Binance P2P for Kenyans, South Africans and Nigerians amongst others.
- [Wema Bank Nigeria Invites FinTech Innovators Including Blockchain Tech Innovators to it's Hackathon 2.0](https://diutocoinnews.com/2020/10/wema-bank-hackathon/): Wema Bank Nigeria have announced the second edition of it's Hackathon tagged Hackaholics 2.0 with $40,000 reward.
- [Don Jazzy Signs a New Brand Ambassador Deal in Africa With Hantec Markets](https://diutocoinnews.com/2020/10/cryptocurrency-ambassador-don-jazzy/): Hantec Markets announced Don Jazzy as the new Hantec Markets Africa Ambassador following its 30 years anniversary as a trading company.
- [Top Crypto Skills to Make Money as a Student](https://diutocoinnews.com/2020/10/crypto-based-skills/): Crypto based skill is a new skill that requires you to know about things that are related to cryptocurrency. This skill can fetch you some pocket money even before and after school resumes.
- [Binance Adds Kuda Bank the Online-Only Bank on Binance P2P For Nigerians.](https://diutocoinnews.com/2020/10/kuda-bank-on-binance-p2p/): Binance, the popular cryptocurrency exchange, recently added Kuda Bank as a payment option for the crypto peer-to-peer (P2P) trading on its platform.
- [ABiT Network Launches ABiT Rep to Promote Its Products.](https://diutocoinnews.com/2020/10/abit-network-launches-abit-rep/): ABiT Network Launches ABiT Rep to create an ecosystem where Nigerian youths can make money and travel the world by telling people about ABiT Network.  
- [[VIDEO] Akon Shares Huge Updates With GBBC's Blockchain Central on the Development of Akon City](https://diutocoinnews.com/2020/10/akon-city-update/): As part of his efforts towards making the Akon City come to fruition, Akon joined the Global Blockchain Business Council to discuss his vision for the Akon City.
- [Central Bank of Nigeria to Release the Youth Investment Funds For Young Innovators](https://diutocoinnews.com/2020/09/nigeria-youth-investment-fund/): Recall that DiutoCoinNews previously reported the official release of the procedures and funding details for accessing the Youth Investment Funds approved by the Nigeria Government.
- [New Features of Algorand Wallet - Improved User Experience](https://diutocoinnews.com/2020/09/features-of-algorand-wallet/): However, Algorand wallet remains one of the secure wallets for all cryptocurrency adopters.
- [Algorand-The Key Drive to Blockchain and Cryptocurrency Adoption](https://diutocoinnews.com/2020/09/algorand-blockchain-and-cryptocurrency-adoption/): All these are to encourage people’s stay in the cryptocurrency sphere, broaden their knowledge on Blockchain and cryptocurrency and further drive its adoption.
- [What is Token Burn and How Does it Works](https://diutocoinnews.com/2020/09/what-is-token-burn/): What is Token Burn? Simply put, token burn is the permanent removal of parts of the existing coins in a cryptocurrency's circulation.
- [AFEX Commodity Exchange Platform to Introduce Warehouse Receipt Check Using Blockchain Technology](https://diutocoinnews.com/2020/09/afex-warehouse-receipt-blockchain/): Sterling Bank's end-to-end blockchain-based commodity trading and financing platform in Nigeria, AFEX, has disclosed plans to introduce Warehouse Receipt Check by Trade Finance Market, (TFM).
- [OKEx and Yield Farming on Centralized Exchanges.](https://diutocoinnews.com/2020/09/yield-farming/): What is Yield Farming? Yield Farming simply means the process of staking or locking up a cryptocurrency or token to receive another token in return as a reward for staking.
- [New Twitter Widget Enables Trading on Uniswap Without Leaving Twitter.](https://diutocoinnews.com/2020/09/mask-twitter-trading-widget/): Mask Network has launched a new version of Mask for Twitter with a trading widget. The new version allows Twitter users to access market data and trade ERC20 tokens (Ethereum-based tokens) without leaving Twitter.
- [South Africa's Standard Bank Taps into Contour Letter of Credit Blockchain](https://diutocoinnews.com/2020/09/blockchain-letter-of-credit/): South Africa’s Standard Bank is moving into the Contour blockchain trade finance network via Letter of Credit Blockchain.
- [How Soon Before We See TRX/NGN Trading Pair on Binance Exchange?](https://diutocoinnews.com/2020/09/ngn-trading-pair-on-binance/): NGN Trading Pair on Binance is growing rapidly with up to five markets already paired with NGN.  
- [KYC Process in the Crypto Space.](https://diutocoinnews.com/2020/09/crypto-kyc-process/): KYC stands for Know Your Customer. It refers to a process that financial institutions use to gather data contact information for identifying their current and potential customers. 
- [Binance Smart Chain DeFi Ride is Coming](https://diutocoinnews.com/2020/09/binance-defi/): Binance Smart Chain DeFi Ride is coming to disrupt the ecosystem soon with inter-chain DeFi interoperability and low fee transactions.
- [[FULL VIDEO] Is Cryptocurrency Permissible in Sharia Law or Others?](https://diutocoinnews.com/2020/09/cryptocurrency-in-sharia-law/): Dr Bashir Aliyu Umar, says that Cryptocurrency is permissible in Sharia Law if these conditions are met.
- [Africa Tops in the Fight Against Crypto Fraud.](https://diutocoinnews.com/2020/09/crypto-in-africa/): The recent report released by Chainalysis, Blockchain Forensics suggests that the education against crypto fraud in Africa has reared more fruits. 
- [Beginners Guide to How-To Use Uniswap; A Full Step By Step Guide.](https://diutocoinnews.com/2020/09/how-to-use-uniswap/): How to use Uniswap for beginners will guide you on how you can connect to Uniswap decentralized exchange and access the Decentralized Finance (DeFi) tokens trading.
- [Nigeria's Oil Magnet Femi Otedola Buys 3 New Ferrari Portifino Worth Over 59 Bitcoins](https://diutocoinnews.com/2020/09/otedola-and-bitcoin/): Femi Otedola, Nigeria's third most richest just bought three new 2020 Ferrari Portifino worth over 59 Bitcoins.
- [Is Africa the New Frontier For DeFi Adoption; What Has it Done for Africans?](https://diutocoinnews.com/2020/09/defi-africa/): Decentralized Finance (DeFi) is the new revolution of finance which is quite synonymous with countries across Asia and Africa.
- [Coinbase User Loses Over 2 Million Naira in Error Deposit.](https://diutocoinnews.com/2020/09/coinbase-user-deposit/): A Nigerian Cryptopreneur took to Twitter to explain an incident between his beneficiary and Coinbase cryptocurrency exchange.
- [Binance Sign Up Bonus; Earn Up To 5,000 NGN Just By Signing Up On Binance.com](https://diutocoinnews.com/2020/09/binance-nigeria-sign-up/): Binance is excited to announce a ‘’Sign up & Earn’’ promotion to all prospective First time Nigerian traders.
- [What the New SEC Nigeria Regulations on Cryptocurrency Means For Cryptocurrency Trades and Operators in Nigeria. ](https://diutocoinnews.com/2020/09/cryptocurrency-regulations-nigeria/): Cryptocurrency/ Bitcoin is now officially legal in Nigeria following the SEC Nigeria new regulations on Cryptocurrency.
- [Differences and Similarities Between Binance Chain, Binance Smart Chain and Ethereum Network.](https://diutocoinnews.com/2020/09/binance-smart-chain-and-ethereum/): These are the differences and similarities between Binance Smart Chain and Ethereum Network.
- [Coinmarketcap Opens New Ranking List For Crypto Yield Farming.](https://diutocoinnews.com/2020/09/crypto-yield-farming-list/): Coinmarketcap is taking a new side with a new ranking list to rank top Crypto Yield Farming with the possible risks and reward ratio to enable investors make the right decision.
- [This is the Reason Why Sushi Founder Returned Funds](https://diutocoinnews.com/2020/09/sushiswap-founder-return-funds/): Chef Nomi the pseudonymous developer of SushiSwap apologised to members of the Ethereum and DeFi community, after returning funds.
- [Bitcoin is Still the Most Viable Native Currency for the Internet, Says Jack Dorsey.](https://diutocoinnews.com/2020/09/twitter-ceo-on-bitcoin/): Jack Dorsey, CEO of Twitter has once again affirmed his stance on making Bitcoin adoption a reality for the whole wide-world.
- [Binance Adds Support For USDT/NGN Trading Pair.](https://diutocoinnews.com/2020/09/binance-trading-updates/): Binance adds support for the trading of USDT/NGN for the Nigerian market on the Binance trading platform.
- [Mastercard Launches Testing Platform for Central Bank Digital Currencies.](https://diutocoinnews.com/2020/09/mastercard-central-bank-digital-currencies/): Mastercard has launched a central bank digital currency testing platform for Central Banks to enable them conduct pilot tests for Central Bank Digital Currencies.
- [Digital Currency Group Acquires Cryptocurrency Exchange Luno.](https://diutocoinnews.com/2020/09/digital-currency-group-acquires-luno/): DCG (Digital Currency Group) has acquired Luno, a top retail-focused African crypto exchange and crypto wallet service provider.
- [Beginners Guide to Bundle Africa App: How to Use Bundle Africa App, Fees, Pros and Cons.](https://diutocoinnews.com/2020/09/bundle-africa/): This is a beginners guide on how to buy Bitcoin, Ethereum, Binance Coin etc on Bundle Africa App.
- [Dr. Obiageli Ezekwesili, Senior Economic Advisor, AEDPI, is to keynote the upcoming BLOCKDeFi2020 Virtual Blockchain Conference](https://diutocoinnews.com/2020/09/blockdefi-conference-2020/): Dr. Obiageli Ezekwesili, Senior Economic Advisor, Africa Economic Development Policy Initiative (AEDPI), is to keynote the upcoming BLOCKDeFi2020 Virtual Blockchain Conference scheduled to hold from the 12–13 September 2020 on the 2D Airmeet platform.
- [How Crypto Savings Account Interest Beats the New CBN Policy on Bank Savings Account Interest.](https://diutocoinnews.com/2020/09/crypto-savings-account/): Crypto Savings Account yields more interest now compared with Banking Savings Account interest.
- [GTBank Nigeria Restricts A Bitcoin Trader Bank Account Over Unclear Cryptocurrency Related Transactions.](https://diutocoinnews.com/2020/09/cryptocurrency-related-bank-transaction/): Just recently, GTBank Nigeria flagged withdrawal transactions coming from exchanges like Binance etc as illegal on claims of suspected fraudulent transactions.
- [OKEX Nigeria Market Now Open For Buying Bitcoin Using Naira Via Debit Cards Through Banxa](https://diutocoinnews.com/2020/09/buy-bitcoin-on-okex-nigeria/): Nigerians can now buy Bitcoin with Naira on OKEx using your debit cards.
- [Top Two Blockchain Friendly Service Providers in Nigeria Appears on Fortune's Top 40 Under 40 List for 2020](https://diutocoinnews.com/2020/09/blockchain-providers-on-fortune-list/): Fortune selected a number of individuals  reckoned as most influential for 2020, listing 40 different names across five different sectors including sports etc.
- [Coins App Crosses 750 Million Naira in Transactions](https://diutocoinnews.com/2020/09/coins-app-updates/): Coins App, the Nigerian crypto focused social payments app has crossed $1.8 million in transactions since after launch.
- [ABiTrader App Launches on iOS.](https://diutocoinnews.com/2020/09/abitrader-app/): ABiTrader App has launched the iOS version of it's debut P2P market, mobile application months after launch.
- [Nightmare for Bitcoin Traders as Nigerian Bank Reduces Naira Debit Card Spending Limits to $20 Monthly](https://diutocoinnews.com/2020/09/naira-debit-card-spending-limit/): Debit card spending limits across Bitcoin Markets in Nigeria face a new dawn with the recent reduction in the amount of dollar spend on Naira debit cards for international payments.
- [You Can Now Pay With Bitcoin and Litecoin on PornHub](https://diutocoinnews.com/2020/09/pay-with-bitcoin-on-pornhub/): Pornhub now allows users to pay with Bitcoin (BTC) and Litecoin (LTC) to access its premium services.
- [SaBi Exchange List 18 DeFi Tokens For the African Market.](https://diutocoinnews.com/2020/09/sabi-exchange-list-defi-tokens/): SaBi Exchange, is currently the first cryptocurrency exchange in Nigeria and Africa to list the largest number of DeFi (Decentralized Finance) tokens. 
- [More People Now Use And Own Cryptocurrency In Nigeria.](https://diutocoinnews.com/2020/08/use-cryptocurrency-in-nigeria/): Cryptocurrency in Nigeria has seen a new shift with the interest in the number of persons using cryptocurrency increasing than before amidst unclear regulations.
- [Trading of DeFi Tokens Across Centralized Crypto Trading Platform. ](https://diutocoinnews.com/2020/08/trading-of-defi-tokens/): Trading of DeFi Tokens are synonymous with Decentralized Exchanges. But there is usually a problem of liquidity for DeFi trading of which centralized exchanges offer.
- [BVN: The Easiest Method of Identity Verification For Cryptocurrency Focused Service Providers Across Nigeria.](https://diutocoinnews.com/2020/08/identity-verification-for-crypto-service-providers/): Bank Verification Number is your biometric identification number in the database of the Central Bank of Nigerian.
- [Bundle Africa App Crosses 50K Downloads on PlayStore in 4 Months.](https://diutocoinnews.com/2020/08/bundleafrica-app-updates/): Few weeks after the Bundle Rewind update, where the social payments mobile app shared a review of it's achievements crossing 30K downloads in few months.
- [How Nigerians Buy and Sell Bitcoin Making Money Through P2P Markets in Nigeria.](https://diutocoinnews.com/2020/08/p2p-markets-in-nigeria/): You will get to learn how to make profits through buying and selling Bitcoin on P2P markets in Nigeria.
- [Akon, Pioneer of Akoin Cryptocurrency Endorses Brock Pierce of EOS as for the 2020 Presidential Campaign](https://diutocoinnews.com/2020/08/akoin-cryptocurrency-pioneer/): Akon, the sensational musician and the owner of Akoin cryptocurrency has endorsed Brock Pierce, Chairman of the now-defunct Bitcoin Foundation and a co-founder of Block.one, for the 2020 Presidency. 
- [Binance Adds Nigerian Naira Trading Pair Allowing Nigerians to Buy Ethereum With Naira on Binance.](https://diutocoinnews.com/2020/08/buy-ethereum-with-naira/): Binance, the world's largest cryptocurrency exchange by trading volume has added support for the buying and selling of Ethereum against the Nigerian Naira.
- [A Comprehensive Overview of Decentralized Finance(DeFi) ](https://diutocoinnews.com/2020/08/decentralized-finance-defi/): Decentralized Finance (DeFi) is the new Financial ecosystem that is here to disrupt the old way or traditional way of Finance. DeFi is a new financial system that is created and built on blockchain networks. 
- [Uniswap Surpasses Tether as the Largest Gas Spender on Ethereum Network](https://diutocoinnews.com/2020/08/uniswap-trading-volume/): Uniswap, the current largest decentralized exchange by trading volume has overtaken Tether’s USDT stablecoin as the largest gas spender on the Etheruem network.
- [Understanding What is Cryptomining Like Bitcoin Mining and How it Works.](https://diutocoinnews.com/2020/08/understanding-what-is-cryptomining-like-bitcoin-mining-and-how-it-works/): Bitcoin Mining Explained What is Crypto Mining: Cryptocurrency mining is the process in which transactions between user A and B are marked valid and then added into the public blockchain ledger. The process of this cryptocurrency mining is also responsible for introducing new coins into the already existing circulating supply. Cryptocurrency mining also is one of the key features that allow cryptocurrencies to function as a peer-to-peer decentralized network, without the need for a third party or a central authority unlike the traditional way of printing fiat money.&nbsp; Let&#8217;s take a look at this clearer example. We will use our traditional [&hellip;]
- [Cryptocurrency Vs Fiat](https://diutocoinnews.com/2020/08/cryptocurrency-vs-fiat/): Cryptocurrency is intrinsic. Although we have a lot of shitcoins these days and it's hard to keep up, cryptocurrency is generally supposed to represent a moment of intrinsic utility.
- [Understanding Stablecoins](https://diutocoinnews.com/2020/08/understanding-stablecoins/): A stablecoin is basically a cryptocurrency that's designed to mimic the value of another currency (usually fiat).
- [Five Assured Steps to Secure the Best Crypto Loan and DeFi Lending Services.](https://diutocoinnews.com/2020/08/best-crypto-loan/): Accessing the best crypto loan is always a big deal for both borrowers and lenders.
- [FSCA South Africa Warns Investors in Press Release Concerning the Activities of Mirror Trading International](https://diutocoinnews.com/2020/08/fsca-press-release-on-mti/): Financial Services Conduct Authority (FSCA) of South Africa have put out a Press Statement notifying investors of an on-going investigation of Mirror Trading International (MTI).  According to the FSCA release, “MTI is a trading platform that accepts clients’ funds in the form of Bitcoin, pool the funds into one trading account on a forex derivative trading platform, and conduct high frequency trading through the utilisation of a Bot”. #ICYMI The FSCA investigates the activities of Mirror Trading International. Read full statement here: https://t.co/xfcl49FEqC &mdash; FSCA South Africa (@fscasouthafrica) August 19, 2020 What Happened? The FSCA is of the view that the [&hellip;]
- [OKEx at the Fore-Front of DeFi Adoption With the Trading of DeFi Tokens Among Institutional Investors.](https://diutocoinnews.com/2020/08/okex-defi-adoption/): OKEx pioneers of DeFi Adoption making the trading of DeFi Tokens among Institutional Investors easier.
- [Bundle Africa App Crosses 30K Users With Over 1B Naira Trading Volume.](https://diutocoinnews.com/2020/08/bundle-africa-app/): Bundle Africa app, a cryptocurrency social payments application focused on African market has crossed 30,000 user sign ups.
- [Uniqueness Of Algorand as a Hybrid Blockchain: What is Hybrid Blockchain and It's Uses.](https://diutocoinnews.com/2020/08/what-is-hybrid-blockchain/): What is Hybrid Blockchains? There are hybrid Blockchains, yes. You might be wondering what they are. I will surely explain. Before that, let's get to know what blockchain is.
- [Beginners Guide to Cryptocurrency Trading](https://diutocoinnews.com/2020/08/cryptocurrency-trading-tutorials-crypto-trading-101/): Cryptocurrency Trading 101. Cryptocurrency Trading simply means the buying and selling of different digital assets for profit usually done on any cryptocurrency exchange. Someone who trades cryptocurrency is known as a cryptocurrency trader.&nbsp; Cryptocurrency Traders buy and sell digital assets including Bitcoin, Ethereum, Binance Coin, Litecoin and many other digital assets categorised as cryptocurrencies. Register on Binance We will be looking at these Five Topics here; HOW TO SECURE YOUR ACCOUNT. HOW TO DEPOSIT AND WITHDRAW. HOW TO BUY AND SELL. HOW TO PLACE BUY AND SELL ORDER. THE ORDER BOOK AND THE MEANING OF BID AND ASK. HOW TO SECURE [&hellip;]
- [Alogrand's Pure Proof-Of-Stake and Process In Staking Algorand](https://diutocoinnews.com/2020/08/process-in-staking-algorand/): Process involved in staking on Algorand via pure proof of stake on Algorand Blockchain.
- [Tokenized Bitcoins Increasing Faster Than They are Mined as DeFi Boom Continues.](https://diutocoinnews.com/2020/08/tokenised-bitcoins-boom/): Tokenized Bitcoins is currently increasing faster than they are mined as DeFi surge continues.
- [Reasons Why Bitcoin Is A Better Hedge to Naira Inflation](https://diutocoinnews.com/2020/08/bitcoin-a-hedge-to-naira-inflation/): Bitcoin is a better hedge to Nigerian Naira inflation during this time of economic crisis. 
- [Yam Finance Token Drops to $0 Market Valuation From $60 Million in Few Minutes](https://diutocoinnews.com/2020/08/yam-finance-market-valuation/): Yam Finance Token has dropped to $0 market valuation From $60 million with 60 minutes. 
- [Getting Started With Cryptocurrency in Nigeria (Ultimate How-To Guide).](https://diutocoinnews.com/2020/08/cryptocurrency-in-nigeria/): The Cryptocurrency space in Nigeria is growing daily and the interest is tremendously breaking records.
- [10 Crypto Mobile Apps For Newbies (The Full List).](https://diutocoinnews.com/2020/08/crypto-mobile-apps/): This is a full list of 10 Crypto Mobile Apps For Newbies. There is a lot of cryptocurrency mobile applications for newbies onboarding into the Cryptocurrency space in Nigeria.
- [What is WBTC (Wrapped BTC) and How to Use Wrapped Coins to Bypass Bitcoin Network High Fees.](https://diutocoinnews.com/2020/08/what-is-wrapped-coins/): WBTC simply means Wrapped Bitcoin which is 1:1 to BTC and can be created in various blockchains like Ethereum etc. 
- [BAND Protocols Token Increases By Over 5000% in Price in 5 Months](https://diutocoinnews.com/2020/08/band-protocol-token-price/): Band Protocol (BAND) a rival blockchain network to Chainlink (LINK) reached a new all-time high  
- [Tatcoin, The fastest Growing Cryptocurrency In Africa Gains 110% in Price Within One Month](https://diutocoinnews.com/2020/08/tatcoin-gains-price/): Tatcoin, the novel Blockchain startup, purported as Africa's very only own utility token has touched a new all time-high of 110% in price since it's launch in July 2020.
- [VIDEO: Bitcoin Quiz Featured on BBNaija](https://diutocoinnews.com/2020/08/bitcoin-quiz-on-bbnaija/): Just in, Big Brother Naija, one of the largest TV program in Nigeria and Africa's features a quiz session for the House inmates.
- [Beginners Guide to P2P on Binance: How to Trade on Binance P2P and Make Profit](https://diutocoinnews.com/2020/08/binance-p2p-beginners-guide/): This is a beginners guide to trading on Binance P2P. You will learn how to navigate the Binance P2P platform and make profit like a pro. Binance P2P offers trading for the Nigeria Naira allowing Nigerians to trade Bitcoin using its peer-to-peer (P2P) platform.  
- [What Is Alt season, Everything You Need to Know About Altseason and How to Position Yourself](https://diutocoinnews.com/2020/08/what-is-altseason/): Altseason is one of the most remembered seasons in the Cryptocurrency space around the world aside Bitcoin Halving.
- [Tatcoin Trading Volume Crosses $1 Million on Bidesk](https://diutocoinnews.com/2020/08/trading-on-bidesk/): Tatcoin, Africa's own top utility token has crossed $1 Million trading volume on Bidesk Cryptocurrency exchange platform.
- [Algorand Blockchain Framework: The Native Token and Its Use Cases.](https://diutocoinnews.com/2020/08/algorand-blockchain-framework/): Algorand blockchain is a scalable, entirely permissionless and decentralized block chain whose sole goal is to create a transparent system of blockchain where everyone can achieve success by making use of decentralized projects and applications.
- [Full List of Top DeFi Wallets in 2022](https://diutocoinnews.com/2020/08/top-defi-wallets-in-2022/): Top DeFi Wallets are top wallets that can store DeFi tokens which includes ERC20 tokens and other DeFi based tokens.
- [How the Crypto Social Payments Boom Will Achieve Financial Inclusion and Cryptocurrency Adoption in Nigeria ](https://diutocoinnews.com/2020/08/social-payments-in-nigeria/): The era of social payments is coming to Nigeria. Financial inclusion in Nigeria has been a big issue and the federal government over the years have being gearing towards this for a better financial system in the country.
- [Republic Note Launching On Algorand](https://diutocoinnews.com/2020/07/republic-note-launching-on-algorand/): Algorand came to play in the year 2019 providing users with a permissionless blockchain; a blockchain where one doesn&#8217;t undergo any form of permission before being a part of it, in other words, is open to the public.&nbsp; Algorand being a permissionless blockchain makes it a core decentralized system as it&#8217;s free and open to anyone who wishes to transact and partake in block generation. RepublicNote as a next-generation profit-sharing token coming in line with Algorand blockchain, will utilize Algorand as it&#8217;s blockchain frame layer, a creative profit-sharing token to both certify and retail financial investors commencing July 16, 2020. Algorand [&hellip;]
- [Algorand And Blockchain Finance: What Algorand Encompasses and How It Can Be of Relevance to Financial Bodies.](https://diutocoinnews.com/2020/07/algorand-and-finance/): Algorand And Finance: What Algorand Encompasses and How It Can Be of Relevance to Financial Bodies.
- [The Future of Finance on Algorand](https://diutocoinnews.com/2020/07/the-future-of-finance-on-algorand/): The concept of money has evolved with time, from a system of trade by barter to the use of precious metals like gold and silver which were made into coins.&nbsp; Now cryptocurrencies are taking over, they have been tagged the future of money for a good number of reasons such as: Financial inclusion for everyone Decentralization as they are not controlled by governments or banks Transparency on public blockchains allowing all transactions to be viewed by anyone Privacy as user details are not revealed Security Putting all these into consideration we should take a look at the economics, gold has a [&hellip;]
- [Bitcoin Bills: FG Nigeria Considers Bills, Providing Legislative Framework for Digital Cash, Bitcoin and E-Currency](https://diutocoinnews.com/2020/07/nigeria-considers-bills-on-bitcoin/): FG (Federal Government) Nigeria on Tuesday commented on the available Bills, providing Legislative Framework for Digital Cash, Bitcoin and E-Currency.  
- [Dan Holdings Launches Coins App, a Crypto-Powered Social Payments Application for the Globalized World](https://diutocoinnews.com/2020/07/coins-app-crypto-social-payments/): Coins App is a global social payments application for the Dan Holdings Blockchain Ecosystem, designed to integrate billions of people into the global world, by empowering them to move money freely across borders.
- [Binance Nigeria: Contest and Win 10,000 in “Don't Leave Me” Video Contest ](https://diutocoinnews.com/2020/07/binance-nigeria-video-contest/): Just In, Binance Nigeria announces “Don&#8217;t Leave Me Challenge” to celebrate Binance’s 3rd anniversary.&nbsp;&nbsp; Binance Nigeria will be giving out 10,000 each to the top 50 winners who will win the&nbsp; “Don’t Leave Me” video contest.&nbsp; Register to Attend Binance UNN Webinar on 28th July 2020 Follow the steps below to contest:  1. Join and Like @BinanceNigeria on Telegram and Facebook respectively 2. Make a short video that includes these two elements; Pick any of the coins listed on Binance and give a crypto related “wisdom” (i.e like the “Don’t leave me” challenge)&nbsp; Example:  Read Also: Five Must Have Resources For [&hellip;]
- [Peter Obi Hints on How He Missed Investing in the Crypto Friendly Video Conferencing App, Zoom.](https://diutocoinnews.com/2020/07/crypto-friendly-video-app-zoom/): Nigerian Politician, Peter Obi, has revealed how he lost out on an opportunity to invest in the popular video conferencing and online chat app, Zoom.
- [How to Access the N75 billion Nigerian Youth Investment Fund](https://diutocoinnews.com/2020/07/access-nigerian-youth-investment-funds/): You can now check and see full details on how to access the N75 Billion Nigerian Youth Investment Fund if you qualify.
- [Great Tips on How to Withdraw Naira From Binance When Flutterwave is Down.](https://diutocoinnews.com/2020/07/how-to-withdraw-naira-from-binance/): Many Nigerians have issues with how to withdraw Naira from Binance when the withdrawal limit set by flutterwave on Binance has been reached.
- [Cartesi’s AMA Recap with Binance ESUT](https://diutocoinnews.com/2020/12/cartesis-ama-recap-with-binance-esut/): We’ve recently conducted an AMA event in Binance ESUT, an active Nigerian Crypto Community on WhatsApp. The AMA&nbsp; session was held with Helen IMAH, Lead at Cartesi Nigeria and moderated by the host, Stephen Voski. Helen was able to discuss the promising future plans of Cartesi, especially how it works with the CTSI Reserve Mining and Staking on Mainnet. Some of the questions, answers, responses and sequences may have been edited or modified for clarity and readability. We present the Recap: Voski: So with me here I have Helen, Lead at Cartesi Nigeria. Helen – It&#8217;s an honor to do this [&hellip;]
- [Innovative Technological Advancements :Bantu Blockchain foundation](https://diutocoinnews.com/2020/12/bantu-blockchain-foundation/): Bantu Blockchain Foundation (BBF) is a not-profit organization created in 2019 to support the development of the Bantu blockchain.
- [Cryptocurrencies and Ponzi Scheme: Misinterpretations and Misconceptions of the Day](https://diutocoinnews.com/2020/12/cryptocurrencies-and-ponzi-scheme-misinterpretations-and-misconceptions-of-the-day/): Since the history of time and money came into existence. People have managed to come up with Different Strategies (Fraudulent Schemes) to defraud others without the knowledge or other gullible persons. Then came the revolution of money into virtual currencies, such as Bitcoin, which has recently become popular. These currencies are meant to bridge the gap and other short comings such as high transaction fees etc synonymous with traditional financial institutions. The rising use of virtual currencies in the global marketplace has enticed fraudsters to lure investors into Ponzi and other schemes in which these currencies are used to facilitate fraudulent, or [&hellip;]
- [Mastercard Partners JA Nigeria to Empower Youths with Digital Skills Including Blockchain Tech](https://diutocoinnews.com/2020/12/mastercard-partners-ja-nigeria-to-empower-youths-with-digital-skills-including-blockchain-tech/): Mastercard has partnered with Junior Achievement Nigeria (JAN) to help bridge the digital and financial literacy gap amongst school students and young adults in Nigeria. Through a series of programs, the students will be equipped with essential skills including most of the 20th century techs including blockchain and artificial intelligence to prepare them for future success as digital entrepreneurs. The partnership forms part of Mastercard’s global commitments to connect 25 million women entrepreneurs to the digital economy, reach 50 million small businesses and financially include one billion people in the next five years. Read Also: Swap Your Old Tatcoin (TAT) Now [&hellip;]
- [Swap Your Old Tatcoin (TAT) Now to New Tatcoin Address (TAT2).](https://diutocoinnews.com/2020/12/swap-your-old-tatcoin-tat-now-to-new-tatcoin-address-tat2/): ABiT Network is currently swapping old tatcoin in circulation to a new contract address to help regulate the Tatcoin that it supposed to be in circulation properly. 
- [Robert Farkas Joseph, a Co-Founder of "Centra Tech Inc." Indicted for Felony, Faces 366days Imprisonment.](https://diutocoinnews.com/2020/12/robert-farkas-joseph-a-co-founder-of-centra-tech-inc-indicted-for-felony-faces-366days-imprisonment/): Following an announcement on the 15th of December by Ilan T. Graff, the Attorney for the United States, Robert Farkas Joseph bagges one year and a day in prison
- [Meet Fola Olatunji Who Sold 2 BTC for N215k Naira in 2016](https://diutocoinnews.com/2020/12/meet-fola-olatunji-who-sold-2-btc-for-n215k/): Fola Olatunji-David a Nigerian and the Head of Startup Success and Services, Launchpad Africa, Google narrated how he missed owning 2 Bitcoins worth over $41,000 at the time of writing.
- [Bittrex Global Lists Tokenized Stocks](https://diutocoinnews.com/2020/12/bittrex-global-lists-tokenized-stocks/): Bittrex Global users can now trade Tokenized stocks 24/7 non-stop even after the door closes on Wall Street for a break.
- [Two Dead in a Stampede During Inksnation Christmas Package Distribution](https://diutocoinnews.com/2020/12/two-dead-in-inksnation-package-distribution/): According to Punch news, at least eight persons are reportedly to be confirmed dead or alive following a stampede that occurred today in Rivers State.
- [Chinese Digital Yuan Records 20K Transactions in its Trial Phase](https://diutocoinnews.com/2020/12/chinese-digital-yuan-trial-phase/): The Chinese have conducted roughly 20,000 transactions through an e-commerce company JD.com in a trial of the country’s digital yuan.
- [BakerySwap Token a Top NFT Market on Binance Smart Chain Gains Over 50% in Price.](https://diutocoinnews.com/2020/12/bakeryswap-token-gains-in-price/): BakerySwap Token gained over 50% in the past 24hrs as more NFTs list on its platform. 
- [Waves Crypto Joins Pornhub Fleet of Crypto Payment Options.](https://diutocoinnews.com/2020/12/waves-joins-pornhub-payment-options/): Waves gets listed on Pornhub as a crypto payment option for its users alongside other fleets of cryptocurrencies.
- [Many Gets Rekt Following Ripple's Airdrop Snapshot While Co-Founder McCaleb Enters Forbes World's 40 Richest.](https://diutocoinnews.com/2020/12/mccaleb-enters-forbes-world-richest/): Ripple Token heavily drops in price after the Ripple's token airdrop snapshot while co-founder McCaleb enters Forbes world's 40th richest person. 
- [The Easiest Way to Own Foreign Account for Receiving Foreign Currency and Redeem to Naira Instantly.](https://diutocoinnews.com/2020/12/own-foreign-currency-account-and-redeem-to-naira/): This is the easiest way to own Foreign Account and receive dollar, euros and other foreign currencies in Nigeria and redeem to Naira bank account.
- [Binance Adds LINK/NGN Trading Pair Bringing the Total Naira Pairs to 9](https://diutocoinnews.com/2020/12/binance-adds-link-ngn-trading-pair-bringing-the-total-naira-pairs-to-9/): Binance announced that it has added the LINK/NGN pair alongside a slew of other pairs on Friday morning
- [Fintech Pundits Calls for Awareness on Concerns Towards Adopting Blockchain in Building Payment Gateway in Nigeria](https://diutocoinnews.com/2020/12/blockchain-in-building-payment-gateway/): Fintech Pundits Calls for Awareness on Concerns Towards Adopting Blockchain in Building Payment Gateway in Nigeria
- [Federal Government Slashes Mobile Data Prices by 50% ](https://diutocoinnews.com/2020/12/federal-government-slashes-mobile-data-prices-by-50/): The Minister of the Federal Ministry of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, says the government has reduced the current cost of data by 50%. 
- [BTC-e Founder Sentenced to Five Years in Prison for Money Laundering<br>](https://diutocoinnews.com/2020/12/btc-e-founder-sentenced-to-five-years-in-prison-for-money-laundering/): The founder of now-defunct BTC-e exchange has been sentenced to five years in prison for money laundering.
- [Blockchain Technology Preserves the Integrity of Data — Pantami](https://diutocoinnews.com/2020/12/blockchain-technology-preserves-the-integrity-of-data-pantami/): Blockchain technology preserves the integrity of data — DiutoCoinNews Reporting
- [What is Flare Network and Spark Token: A Full Guide for Beginners.](https://diutocoinnews.com/2020/12/what-is-flare-network-and-spark-token/): Flare is a distributed network developed to enable the creation of Turing-Complete smart contract on top XRP ledger using the Ethereum Blockchain network.
- [G7 Countries are Considering Crypto Assets Regulations](https://diutocoinnews.com/2020/12/g7-countries-crypto-assets-regulations/): G7 countries are reportedly considering crypto assets regulation.
- [Binance Opens Fiat Deposit and Withdrawal for South Africans](https://diutocoinnews.com/2020/12/binance-deposit-and-withdrawal-for-south-africans/): Binance has launched a brand new fiat funding option for the Binance users in South Africa. The new fiat channel will act as both a fiat on- and off-ramp, allowing South Africans to deposit and withdraw funds to/from their Binance account using your local bank account.
- [ABiTrader Completes the 1500th Buy and Sell Order on its Crypto P2P Platform Following it's Latest App Update.](https://diutocoinnews.com/2020/12/abitrader-crypto-p2p-platform/): Since after launch in 2020, ABiTrader has evolved into a mind-blowing peer-to-peer crypto mobile application with it's unique Quick Swap feature for Nigerians.
- [Following the Concluded Meeting on Payment System for AfCFTA, Nigeria Deposits Ratified Instrument with AU Ahead of January 2021.](https://diutocoinnews.com/2020/12/nigeria-deposits-ratified-instrument-with-au/): Nigeria deposited AfCFTA ratified instrument for the commencement of the African Continental Free Trade Area (AfCFTA) scheduled for January 2021.
- [Ripple Hints on Burning Billions of XRP to Maintain XRP Price<br>](https://diutocoinnews.com/2020/12/ripple-hints-on-burning-billions-of-xrp-to-maintain-xrp-price/): Ripple talks on burning billions of it's  token supply
- [How Sushi Swap Will Record New Highs Following Andre Cronje's Merger with Yearn.Finance.](https://diutocoinnews.com/2020/12/sushi-swap-merger-with-yearn-finance/): Sushi Swap merger with Yearn Finance announced by Cronje will possibly boost the Sushi Swap ecosystem.
- [A Sneak Peek of Blockfinex, Another Emerging Cryptocurrency Exchange Focused on the African Market](https://diutocoinnews.com/2020/12/sneak-peek-of-blockfinex-exchange/): Danny Oyekan, the CEO of Blockfinex dropped a sneak peek view of Blockfinex, the Dan Holdings' cryptocurrency exchange scheduled to launch at a later date.  
- [CBN Directs Banks to Close Naira Ledger Accounts for IMTO to Increase Dollar Cash Inflow and Regulate Exchange Rates in the Country.](https://diutocoinnews.com/2020/12/naira-ledger-accounts-for-imto/): The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically for the purpose of receiving proceeds from international money transfer operator (IMTO)  
- [CZ Hints on New All-time Highs for Bitcoin Coming Soon](https://diutocoinnews.com/2020/12/bitcoin-all-time-high/): CZ says that history will repeat itself and we may record new highs and lows for the Bitcoin market.
- [Binance P2P for Africa Records $280 Million in Volume Since Launch in March](https://diutocoinnews.com/2020/11/binance-p2p-for-africa/): The peer to peer trading is growing fast in the Africa market, most especially in Nigeria. Binance P2P reported a total trading volume of $280 million snce the launch of the Nigerian Naira (NGN) in March 2020.  
- [Pinkcoin Scam: EFCC Declares Pinkcoin Pioneer Wanted Over 32 Million Naira Fraud Following a Publication on Its Website.](https://diutocoinnews.com/2020/11/pinkcoin-scam-pioneer-declared-wanted/): Pinkcoin Scam: EFCC Declares Pinkcoin Pioneer Wanted Over 32 Million Naira Fraud Following a Publication on Its Website
- [XRP/NGN Pair Lists on Binance for the Binance Nigeria Market Trading](https://diutocoinnews.com/2020/11/ngn-pair-on-binance/): XRP/NGN Pair Lists on Binance for the Binance Nigeria Market Trading
- [[WATCH VIDEO] Beginner to Pro Trading Video Tutorials By Stephen Voski](https://diutocoinnews.com/2020/11/beginner-to-pro-trading-tutorial/): The Video guides is beginner friendly and have categories ranging from what blockchain is, to trading skills using FA — Fundamental Analysis and TA — Technical Analysis down to DeFi. 
- [AfCFTA to Discuss the Launch a Payment System for Continental Free Trade Area in December](https://diutocoinnews.com/2020/11/afcfta-continental-payment-system/): AfCFTA Continental Payment System to power trade remittance across Africa.
- [Algorand Launches Global Partner Program for Accelerating Development and Adoption of Blockchain-powered Products and Services.](https://diutocoinnews.com/2020/11/algorand-launches-global-partner-program/): Algorand Launches Global Partner Program for Accelerating Development and Adoption of Blockchain-powered Products and Services.
- [Binance Nigeria Homepage Goes Live With Crypto Products Built for the NGN Crypto Market.](https://diutocoinnews.com/2020/11/binance-nigeria-home-page/): Binance Nigeria own landing web page is now live via binance.com/ng  
- [Top Paying Digital Skills to Learn and Make Money](https://diutocoinnews.com/2020/11/top-paying-digital-skills/): Top paying skills are now growing in demand in the wake of the economic recession which has grabbed the country and tiring down the economy. The need for skills and mostly digital skills have grown.   
- [Chipper Cash to Launch Stock Trading Following a Seed Round Backed By Jeff.](https://diutocoinnews.com/2020/11/stock-trading-on-chipper-cash/): Stock Trading on Chipper Cash to go live following a seed round backed by Jeff.  
- [Nigeria Stock Exchange Sheds N265bn While Bitcoin to Naira Market Clutches a New All-time High at N9m](https://diutocoinnews.com/2020/11/bitcoin-to-naira-new-all-time-high/): Nigeria Stock Exchange has dropped  N265bn while Bitcoin to Naira Market clutches a new all-time high at N9million Naira.  
- [Binance Cash Transfer: This New Feature on Binance Allows Nigerians to Transfer Naira at Zero Fee](https://diutocoinnews.com/2020/11/binance-cash-transfer-for-naira-transfer/): Binance Cash Receipt allows cash transfer at zero fees Binance.com for Nigerians
- [How Federal Government Will Fuse Blockchain Technology as a Subject into School Curriculum](https://diutocoinnews.com/2020/11/blockchain-technology-as-a-subject/): Blockchain technology as a subject in the Nigerian schools. The federal government is working towards integrating blockchain technology into the school curriculum.
- [Bundle Africa in Ghana: Buy and Sell Crypto in Ghana Using Ghana Cedis](https://diutocoinnews.com/2020/11/buy-and-sell-crypto-in-ghana-with-bundle/): Looking for where to buy and sell crypto in Ghana Using Cedis?
- [Top 3 Most Popular Crypto Exchanges for Direct Naira to Crypto Markets Trading.](https://diutocoinnews.com/2020/11/naira-to-crypto-markets/): Currently, direct Naira to crypto markets trading is growing across Nigeria and Africa at large with Naira dominating the direct crypto to fiat pairs.  
- [Naira Drops Closer to N480 Per Dollar at the Crypto Market](https://diutocoinnews.com/2020/11/naira-at-the-crypto-market/): Naira today losed further to dollar dropping to an all-time high of N478 to $1 while experts claim a possible N500 per $1 by the year 2021.  
- [Telokanda Partners with Two Nigerian Universities for Weather Data Collection via Telos Blockchain.](https://diutocoinnews.com/2020/11/telokanda-weather-data-collection/): Telokanda has partnered with two Nigerian Universities to launch weather balloons, as part of it's mission to collect, record and share weather data across West Africa using Telos Blockchain via Telos Partnership. 
- [Ethereum Addresses on Profit Reaches Another 2-year High of Over 82% ](https://diutocoinnews.com/2020/11/ethereum-addresses-on-profit/): Most ethereum investors are currently on profit already. A big percent of ethereum addresses are in profit (1d MA) just reached an increase of 82.247%.  
- [CBN Reportedly Considering Blockchain Technology For Payment Opportunities.](https://diutocoinnews.com/2020/11/cbn-considering-blockchain-technology/): The Central Bank of Nigeria (CBN), is reportedly exploring the opportunities that abound with blockchain technology.   
- [Job Alert: Earn up to $1500 as a Barter Ambassador.](https://diutocoinnews.com/2020/11/barter-ambassador/): A new job alert for students influencers who are willing to work and earn money. Do you already tell your friends about Barter? Well, it's time to get rewarded. 
- [A Recent YouTube Bitcoin Scam Claims 0.5 BTC Through a Fake Giveaway](https://diutocoinnews.com/2020/11/youtube-bitcoin-scam/): A Recent YouTube Bitcoin Scam Successfully Gains 0.5 BTC in a Confirmed Fake Giveaway Fraud
- [Follow These Steps to Buy Akoin Token with Bitcoin on Bittrex Global](https://diutocoinnews.com/2020/11/how-to-buy-akoin-token/): How to buy Akoin Token with bitcoin on bittrex global.
- [Anonymous #Eth Wallet Transfers $68,847,701 to Unknown wallet.](https://diutocoinnews.com/2020/11/anonymous-eth-wallet-transfers-68847701-to-unknown-wallet/): With Ethereum's price holding up at about $463, a crypto whale just moved $68,847,701 to an unknown wallet.  
- [Five Habits of a Professional Crypto Trader](https://diutocoinnews.com/2020/11/habits-of-a-crypto-trader/): Crypto currency trading habit is a profession of which, if you are looking to venture into, will require you to understand and learn properly else you lose financially.  
- [A Sweet #CryptoLife Session With an Aspiring Medical Doctor Who Lost Over N3m Naira in an ICO Scam](https://diutocoinnews.com/2020/11/aspiring-medical-doctor-who-lost-3m-naira/): A sweet #CryptoLife session with an aspiring medical doctor from Nigeria who lost over N3m naira in an ICO scam and is back strong and better.  
- [Binance to Open Trading for LTC/NGN for Binance Nigeria and Africa](https://diutocoinnews.com/2020/11/binance-to-open-trading-for-ltc-ngn-for-binance-nigeria-and-africa/): Binance announced today, the opening of LTC/NGN trading pair alongside others  
- [Aminu Popularly Known as  Elpriist on #CryptoLife, “I Couldn't Buy ETH When It was $100”](https://diutocoinnews.com/2020/11/aminu-on-cryptolife-i-couldnt-buy-eth-when-it-was-100/): Aminu on #CryptoLife highlights how he missed buying Ethereum (ETH) when it was $100.  
- [A #CryptoLife of a Nigerian Student Who Makes Over N90k from Ambassador Jobs](https://diutocoinnews.com/2020/11/a-cryptolife-of-a-nigerian-student-who-makes-money-from-ambassador-jobs/): A #CryptoLife with a Ngerian student who makes money from ambassador jobs and trading.  
- [Bitcoins Reportedly Worth Close to a Billion Dollar was Transferred By an Unknown Person.](https://diutocoinnews.com/2020/11/bitcoins-reportedly-worth-close-to-a-billion-dollar-was-transferred-by-an-unknown-person/): Bitcoins Reportedly Worth Close to a Billion Dollar was Transferred By an Unknown Person
- [Five Facts About Changpeng Zhao (CZ) Ceo of Binance](https://diutocoinnews.com/2020/11/facts-about-changpeng-zhao/): Changpeng Zhao (Chinese: 赵长鹏) is a Chinese-Canadian business executive, who is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume since April 2018.  
- [Nigeria Actively Involving in the Blockchain Industry; Sets to Generate $10 Billion as Revenue From Blockchain Industry by 2030.](https://diutocoinnews.com/2020/11/nigeria-to-generate-revenue-from-blockchain-industry/): Nigeria Actively Involving in the Blockchain Industry; Sets to Generate $10 million as Revenue by 2030.
- [What is a Befitting Punishment for Fraudsters in the Cryptocurrency Industry?](https://diutocoinnews.com/2020/11/what-is-a-befitting-punishment-for-fraudsters-in-the-cryptocurrency-industry/): The alarming rate of crime perpetration is  not only for physical assets as it has now been on an increase in the digital world too. Imprisonment or payment of fines have always been the culture for punishing crimes, not exempting the cyber ones.   
- [How to Spot and Avoid P2P Scams When Trading on any Bitcoin or Crypto P2P Platforms](https://diutocoinnews.com/2020/11/avoid-scams-on-p2p-platforms/): How to Spot and Avoid Scams When Trading on any Bitcoin or Crypto P2P Platforms  
- [Bitcoin Hits $15,000 Since January 2018.](https://diutocoinnews.com/2020/11/bitcoin-hits-15000-since-january-2018/): Yesterday, bitcoin has made a swift move to break another ATH market price. Bitcoin finally hits $15,000 in plain sight leaving altcoins in its usual RED spot.  
- [How Soon Before Bundle's Native Token Goes Live.](https://diutocoinnews.com/2020/11/how-soon-before-bundles-native-token-goes-live/): The Nigeria's no 1 debut crypto social payments application has reportedly disclosed a possible native token launch of it's platform Bundle Africa  
- [A Wealthy Investor Moves 13,302 Eth Worth over $5 Million Dollars to Uniswap](https://diutocoinnews.com/2020/11/a-wealthy-investor-moves-13302-eth-worth-over-5-million-dollars-to-uniswap/): A crypto whale trader has reportedly made a large Ethereum transfer worth $5,025,871 through Uniswap.   
- [Dr Pantami Urges Accountants to Embrace Disruptive Technology in Execution of Activities](https://diutocoinnews.com/2020/11/dr-pantami-urges-accountants-to-embrace-disruptive-technology-in-execution-of-activities/): Dr Pantami Urges Accountants to Embrace Disruptive Technology in Execution of Activities  
- [Blockchain: Fighting National Security and Corruption Through the Adoption of Blockchain Technology](https://diutocoinnews.com/2020/11/blockchain-fighting-national-security-and-corruption-through-the-adoption-of-blockchain-technology/): Blockchain has proven to be a solid strategy for solidifying security and has made it easier for the developed  nations to trace government corruption and other economic crimes.   
- [Nigeria Remains the King of Bitcoin P2P in Africa](https://diutocoinnews.com/2020/11/nigeria-remains-the-king-of-bitcoin-p2p-in-africa/): According to a new study seen by DiutoCoinNews, Nigeria recorded the largest peer-to-peer crypto transactions in the month of October  
- [How to check the 2020 WAEC results, and Apply for Bitcoin Tutorials.](https://diutocoinnews.com/2020/11/how-to-check-the-2020-waec-results-and-apply-for-bitcoin-tutorials/): The West African Examinations Council (WAEC), on Monday, November 2, 2020, released results of the 2020 Senior Secondary School Certificate Examination(SSCE).  
- [How Technology is Driving Change in Almost All Industries](https://diutocoinnews.com/2020/11/how-technology-is-driving-change-in-almost-all-industry/): The only constant with technology is change. Technological disruption will not stop as long as tech evolution continues in every industry. Although it may seem negative at first, tech disruption can positively transform most industries.   
- [Latest Report Shows a Decrease in the Rate of Blockchain Attacks in 2020](https://diutocoinnews.com/2020/11/latest-reports-shows-a-decrease-in-the-rate-of-blockchain-attacks-in-2020/): There has been a drastic decline in the rate of cryptocurrency and Blockchain hacks through the course of the year; 2020.  
- [Lightning Finance: Yield Farming on Bitcoin Network Opens With a Marketplace for Payment Channel Liquidity Providers ](https://diutocoinnews.com/2020/11/liquidity-finance-on-bitcoin-network/): Liquidity Finance, the new yield farming on Bitcoin Network opens with a marketplace for Liquidity Providers.
- [Xend Introduces Xend Finance to Bring Higher Yields to Nigerian Savers.](https://diutocoinnews.com/2020/11/xend-finance-yields/): Xend Finance will bring higher yields to Nigerian savers revolutionizing traditional savings system.  
- [Full List: Top 10 Nigerian Crypto Mobile Apps to Buy, Sell and Store Bitcoin Per Highest Downloads on Google PlayStore.](https://diutocoinnews.com/2020/11/mobile-app-to-buy-and-sell-bitcoin/): These crypto mobile apps will help you to buy and sell Bitcoin in Nigeria easily using naira bank account transfer etc. The full list includes: Bundle Africa: Launched on 20th April 2020, the bundle africa app aids the swift transfer of money using user&#8217;s contact list. Any user can easily buy and sell crypto using the mobile app. Bundle Africa has 100k+ downloads with 4.7 score rating. Roqqu: Launched on 30th September 2020, Roqqu supports buying and selling of cryptocurrencies. It also supports the storing of crypto and supports crypto savings with 15% interest per annum. Roqqu has over 100k downloads [&hellip;]
- [This New App Helps You to Disable Stolen Phone in Nigeria](https://diutocoinnews.com/2020/11/disable-stolen-phone-in-nigeria/): This new app has can disable your stolen phone and render it useless for those in the possesion of the stolen phone.  
- [Escrow Services and Their Role in Cryptocurrencies](https://diutocoinnews.com/2020/10/escrow-services-and-their-role-in-cryptocurrencies/): Truly, the world revolves around buying and selling and the crypto world is not an exception to this world order. However, trading in crypto requires a lot of care considering the fact that you could be buying from a total stranger or selling to a total stranger.&nbsp; In times past, there have been instances of breach of agreement between parties, non-payment upon completing a transaction or even being scammed in a trade. This scenario calls for a trusted system that can assure that agreement reached between two different users are met and that payment is effected. Hence, the need for escrow [&hellip;]
- [Huawei Mate 40 Will Support Digital Yuan Wallet](https://diutocoinnews.com/2020/10/huawei-will-support-digital-yuan/): Huawei Mate 40 will Reportedly Support the new Chinese digital yuan according to Huawei in a recent announcement on the company's Weibo Channel.   
- [Algorand Partners with VeritTX to Deliver Leading Digital Marketplace For Aerospace Manufacturing](https://diutocoinnews.com/2020/10/algorand-partners-with-veritx/): Algorand Blockchain technology has been employed by VeriTX Corp. to develop a digital supply chain for aircraft parts.  
- [Algorand Collaborates with Cred to Bridge Decentralized Finance and Traditional Financial Services with New Earning Capabilities](https://diutocoinnews.com/2020/10/algorand-collaborates-with-cred/): Algorand Collaborates with Cred to Bridge Decentralized Finance and Traditional Financial Services with New Earning Capabilities
- [How to Apply and Be Approved for N75 Billion Nigeria Youth Investment Fund for Businesses and Individuals.](https://diutocoinnews.com/2020/10/how-to-apply-for-nigeria-youth-investment-fund/): How to Apply and Be Approved for N75 Billion Nigeria Youth Investment Fund for Businesses and Individuals.  
- [$24 Million Lost in Another DeFi Flashloan Economic Attack.](https://diutocoinnews.com/2020/10/defi-flashloan-economic-attack/): Harvest Finance a DeFi based project developed under Kava Blockchain has been attacked in a recent flashloan economic attack resulting in a $24 million loss off the protocol.  
- [Highest Bitcoin Transaction in History ](https://diutocoinnews.com/2020/10/highest-bitcoin-transaction/): HIstory has been made in the crypto space again as the largest transaction in the history of bitcoin trading was recorded hours ago and the wallet as usual is anonymous.  
- [One Way To Make Money Online in Nigeria Trading USD/NGN Pair on OKX and Binance](https://diutocoinnews.com/2020/10/make-money-online-in-nigeria/): Apart from crypto trading, there are various ways you can make money online in Nigeria from the comfort of your home.  
- [Daily Tips To Money Management and Avoid Going Broke.](https://diutocoinnews.com/2020/10/money-management-tips/): You and I can agree that managing money takes a lot of effort, it involves conscious effort and this is not a piece of cake to handle especially when you have a lot on your plate to attend to.  
- [Nigerian on CoinDesk's Top 20 List of Most Influential Personnels in Crypto 2020](https://diutocoinnews.com/2020/10/coindesk-influential-list/): Every year, CoinDesk recognizes the "most influential" people in the world who has made one impact or the other in the cryptocurrency and Blockchain technology.  
- [Akoin Cryptocurrency Announces Exchange Listing With Token Airdrop](https://diutocoinnews.com/2020/10/akoin-token-listing/): Akoin, the purported biggest project from the cryptocurrency space in Africa, will be listing on Bittrex crypto exchange following the concluded BlockDown 2020 event.   
- [Endsars; 9.9 Btc Raised for #Endsars Protests, Feminist Coalition Group Gives Account ](https://diutocoinnews.com/2020/10/9-9-btc-raised-for-endsars/): The Feminist Coalition group has brought the total amount of  money (In Bitcoin) that the movement holds in its purse.  
- [Binance USD Listing on PayPal](https://diutocoinnews.com/2020/10/binance-usd-listing-on-paypal/): Following the recent PayPal listing which confirmed the listing of Bitcoin, Ethereum  Litecoin among others on PayPal, a recent tweet also has Binance USD on the list.  
- [Trezor Wallet User Loses Funds to Hackers Despite Keeping the Seed Phrase Safe](https://diutocoinnews.com/2020/10/trezor-wallet-user-loses-funds/): Tezor wallet user loses funds to hackers, though he was able to secure his private keys and haven't' used the wallet for days. 
- [Qualities of a Good Crypto Marketplace](https://diutocoinnews.com/2020/10/qualities-of-a-good-crypto-marketplace/): A crypto marketplace provides an opportunity to buy and sell cryptocurrency.  
- [Sendcash Africa Opens in Ghana ](https://diutocoinnews.com/2020/10/sendcash-africa-opens-in-ghana/): A six months old Nigerian based exchange powered by Buycoins Africa launches in Ghana, incorporating Ghana cedes to the list of fiats supported on the platform.  
- [Binance is Hiring for Various Roles Across Nigeria and Africa](https://diutocoinnews.com/2020/10/binance-job-in-nigeria/): Binance is looking to hire more qualified persons aside the previous closed job offers including Community Manager, Business Development among others.
- [Luno Launches Luno BTC Savings Wallet With 4% APY](https://diutocoinnews.com/2020/10/luno-savings-wallet/): The new Luno BTC Savings Wallet allows users to earn a trageted rate of 4% interest per annum on their BTC deposit to Luno Savings Wallet.  
- [User Loses Over A Million Dollars in Error Transfer](https://diutocoinnews.com/2020/10/user-loses-over-a-million-dollars-in-error-transfer/): Unknown transfer has gone bizzare due to error in the Ethereum network address used by the sender.  
- [Unique  Batman NFT Art sold for $200,000.](https://diutocoinnews.com/2020/10/unique-batman-nft-art-sold-for-200000/): A huge NFT sale of Batman's artwork has sold for $200,000 on MakersPlace.  
- [Introduction to the OKEx Club Manager Program](https://diutocoinnews.com/2020/10/okex-club-manager-program/): Sequel to the launch of the OKEx Partner Program and OKEx Agent Program, the OKEx Club Manager Program has come alive 
- [Don Jazzy Wants the Nigeria Government to Conduct the Next Election Using Blockchain Technology](https://diutocoinnews.com/2020/10/nigeria-election-using-blockchain-technogy-2/): Don Jazzy wants the Nigeria Government to vonduct the next Election coming up on 2023 using blockchain technology to maintain transparency and trust in election results.
- [Okex Suspends Withdrawal From Exchange; Bitcoin drops 2.5%](https://diutocoinnews.com/2020/10/okex-suspends-withdrawal/): Crypto exchange OKEx suspends trading, causing Bitcoin price to drop 2.5%.
- [Ethereum Whales Move: A large Entity Transfers 198,862 ETH](https://diutocoinnews.com/2020/10/ethereum-whales-move-a-large-entity-transfers-169-296-eth/): A large body transferred 169,296 Eth worth  64 million from an undisclosed wallet to another anonymous wallet.
- [We're Moving to Only Accepting Donations in Bitcoin Using BTC Pay says a Top Fundraiser for #EndSARS.](https://diutocoinnews.com/2020/10/were-moving-to-only-accepting-donations-in-bitcoin-using-btc-pay-says-a-top-fundraiser-for-endsars/): Feminist Coalition Group, a top Fundraiser for the #EndSARS campaign has officially resort to accepting donations only in Bitcoin to help sustain the protest.
- [Jack Dorsey Supports Bitcoin Donation For #EndSARS Protests in Nigeria.](https://diutocoinnews.com/2020/10/jack-supports-bitcoin-donation-for-endsars/): Just Now, Jack Dorsey supports bitcoin donations for the #EndSARS protests in Nigeria.
- [OKExTalks - Learn, Unlearn and Relearn](https://diutocoinnews.com/2021/07/okextalks-learn-unlearn-and-relearn/): OKEx, a world leading cryptocurrency exchange, has launched OKExTalks and it is here to stay. It is a crypto talk-show where lovers of crypto will get to learn something new and be kept abreast about the happenings in the crypto space.&nbsp; OKExTalks will be held weekly and the best brains in the African blockchain and crypto space will be featured, and its participants get to pick their brains. It is totally free to watch, all that is needed is a good network connection.&nbsp; Think of a seminar with an authority in the blockchain/crypto space where ideas on how to earn are [&hellip;]
- [Nigerian Secondary School To Accept Crypto Payments Despite Central Bank Cryptocurrency Ban](https://diutocoinnews.com/2021/06/nigerian-secondary-school-to-accept-crypto-payments-despite-central-bank-cryptocurrency-ban/): In February, the Central Bank of Nigeria announced in a circular that it had banned financial institutions in the country from providing services to crypto exchanges. Though the policy warned of &#8220;severe regulatory sanctions&#8221; for any bank that failed to close accounts belonging to exchanges. Governor Godwin Emefiele clarified in March that the ban was intended to “prohibit transactions on cryptocurrencies in the banking sector” rather than discourage individuals from dealing/owning digital assets. A private secondary school in the city of Kano, Nigeria has announced it will be accepting payments of school fees in cryptocurrency amidst the country’s central banks&#8217; restriction [&hellip;]
- [Africa’S No.1 NFT Platform - Qlip, Gets Featured On Binance Africa’s Hackathon Quadratic Funding](https://diutocoinnews.com/2021/06/qlip-gets-featured-on-binance-africas-hackathon/): We’ve all been hearing the buzz word NFTs and hearing them close to home, with the likes of popular Hip-Hop African Artist MI Abaga and Comedian Josh2Funny creating collectibles of their art. QLIP PROVIDES NFT SOLUTIONS IN 3 SIMPLE WAYS QLIP ( pronounced k-lip) is Africa’s NO.1 NFT platform that gives african artists the opportunity to tokenize their art and themselves. QLIP also makes it possible for African artifacts and history to be tokenized on the blockchain. QLIP solves the problem of utility for NFT&#8217;s by adding various off-chain real-life utility functions to NFT ownership in the Arts &amp; Entertainment industries [&hellip;]
- [Most Expensive Doge Meme Sold For $4 Million As A Non-Fungible Token On Zora Marketplace](https://diutocoinnews.com/2021/06/most-expensive-doge-meme-sold-for-4-million-as-non-fungible-token-on-zora-marketplace-2/): Last week, Atsuko Sato the kindergarten teacher behind the arrival of Doge into the internet, announced that the iconic photo of her female Shiba Inu dog would be auctioned as an NFT, and all proceeds would go to charity. The image of her excited-looking Shiba Inu has been considered as one of the internet&#8217;s most iconic and renowned memes, sold as a nonfungible token, or NFT, for $4 million, making it the most expensive meme NFT of all time. On Friday June 11th, the auction winner, @pleasrdao, placed a winning bid of 1,696.9 of the cryptocurrency Ethereum, worth approximately $4 million, [&hellip;]
- [Most Expensive Doge Meme Sold For $4 Million As A Non-Fungible Token On Zora Marketplace](https://diutocoinnews.com/2021/06/most-expensive-doge-meme-sold-for-4-million-as-non-fungible-token-on-zora-marketplace/): Last week, Atsuko Sato the kindergarten teacher behind the arrival of Doge into the internet, announced that the iconic photo of her female Shiba Inu dog would be auctioned as an NFT, and all proceeds would go to charity. The image of her excited-looking Shiba Inu has been considered as one of the internet&#8217;s most iconic and renowned memes, sold as a nonfungible token, or NFT, for $4 million, making it the most expensive meme NFT of all time. On Friday June 11th, the auction winner, @pleasrdao, placed a winning bid of 1,696.9 of the cryptocurrency Ethereum, worth approximately $4 million, [&hellip;]
- [Central Bank of Nigeria (CBN) To Launch A Digital Currency Before The End of the Year 2021](https://diutocoinnews.com/2021/06/central-bank-of-nigeria-cbn-to-launch-azdigital-currency-before-the-end-of-the-year-2021/): The Director, Information Technology Department, Central Bank of Nigeria (CBN), Mrs. Rakiyat Mohammed, revealed in a virtual briefing at the banker’s committee meeting yesterday, that the CBN will be launching a Central Bank Digital Currency (CBDC) before the end of 2021. The director explained what Nigeria’s digital currency would look like, stating that there were currently two forms of money in the country. She stated,&nbsp; “We currently have two forms of currency in Nigeria, We have the notes and the coins. The Central Bank currency is to be the third form of money which means just as we have electronic money, [&hellip;]
- [Exploring Dapps built on Nearprotocol from an African point of view](https://diutocoinnews.com/2021/06/exploring-dapps-built-on-nearprotocol/): SHITTU MUNIR AYANDEJI A brief introduction to DApp: What is DApp (decentralized application): DApp is a computer application that runs on a distributed computing system. DApp is popularized by distributed ledger technologies (DLT) such as the Ethereum blockchain, DApp are also often referred to as smart contract. A decentralized application is a computer application that runs on a distributed computing system.&nbsp; DApp is characterized by their backend code running on a decentralized peer-to-peer network, as opposed to typical applications where the backend code is running on centralized servers. A DApp can have frontend code and user interfaces written in any language [&hellip;]
- [Government Of India Reportedly Discards Bitcoin Ban Agenda](https://diutocoinnews.com/2021/06/government-of-india-reportedly-discards-bitcoin-ban-agenda/): According to a report by The New Indian Express on Thursday, the government’s opposing stance toward Bitcoin (BTC) appears to be shifting toward more acceptable regulatory policies for cryptocurrencies. According to inside sources quoted by the publication, authorities have dropped earlier plans for a blanket Bitcoin ban in favor of categorizing cryptocurrencies as an alternative asset class. Commenting on the emerging positive indications on the crypto regulatory front, Ketan Surana, a member of the Internet and Mobile Association of India spoke up saying;  &#8220;We can say that the new committee which is working on cryptocurrencies is very optimistic on cryptocurrency regulation [&hellip;]
- [Bitcoin Becomes Legal Tender In El Salvador As Congress Approve Bill](https://diutocoinnews.com/2021/06/bitcoin-becomes-legal-tender-in-el-salvador-as-congress-approve-bill/): El Salvador’s president Nayib Bukele&#8217;s bill to make Bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress today.&nbsp; The bill introduced by the president of El Salvador to make Bitcoin (BTC) legal tender in the nation passed the Legislative Assembly with a supermajority.&nbsp; According to the bill, the state will provide the infrastructure that enables Bitcoin users to instantly convert their BTC to U.S. dollars if need be. Additionally, the state will provide “training and mechanisms” to aid citizens unfamiliar with Bitcoin because many will need to learn how to use the digital asset. [&hellip;]
- [The Original Doge Meme To Be Auctioned As NFT On Zora Marketplace](https://diutocoinnews.com/2021/06/the-original-doge-meme-to-be-auctioned-as-nft-on-zora-marketplace/): The Doge meme started with Atsuko Sato sharing photos of Kabosu, her adopted female Shiba Inu dog on social media, on Feb. 23, 2010. This inspired the creation of Dogecoin. The event will be curated by the online meme platform &#8220;Know Your Meme&#8221;&nbsp; Atsuko Sato, the Japanese kindergarten teacher behind the Doge meme, has declared openly that the “meme of the decade” will be auctioned as a non-fungible token. Her photo became viral several months later after it was shared on Reddit in October 2010. The proceeds of the sale will be donated to charity. She has just announced that the [&hellip;]
- [One Million Unique Active Wallets Interacts With Smart Contracts On PancakeSwap In One Week](https://diutocoinnews.com/2021/06/one-million-unique-active-wallets-interacting-with-smart-contracts-on-pancakeswap-3/): PancakeSwap had an enormous week, where it gained more than 1.1 million active wallets working with smart contracts. Within those seven days, PancakeSwap recorded more than $278 billion in volume, better than any competitor, at the same time. The month of May was a huge month for PancakeSwap (CAKE), according to a recent market report from DappRadar. While the mother exchange, Binance Smart Chain (BSC) led the charge for blockchains, with more than 417,000 unique active wallets at month’s end,&nbsp; PancakeSwap led the dApp list, averaging 350,000 daily active wallets. The most significant names that PancakeSwap outshone were Uniswap (UNI) and [&hellip;]
- [NFTs and the Near Protocol Ecosystem](https://diutocoinnews.com/2021/06/nfts-and-the-near-protocol-ecosystem/): Are you an artist that is into music, motion play or Art design? You might be among the above or working on becoming one. Well, we all know or experienced how hard artists went through for them to meet their right audience in society. Dealing with too many constraints and marketing challenges.&nbsp; But in this piece of article, you’ll find some good ways to make money and sell your Artwork to the right audience which not only came from your local society but from all over the World. This is simply via NON FUNGIBLE TOKENS AND MINTING ON THE NEAR ECOSYSTEM. [&hellip;]
- [Miami Pharmacy Accepts Bitcoin For COVID-19 Tests For 2021 Miami Conference Attendees](https://diutocoinnews.com/2021/06/miami-pharmacy-accepts-bitcoin-for-covid-19-tests-for-2021-miami-conference-attendees/): A renowned Pharmacy noticed as Progressive Care announced that it would accept Bitcoin from Bitcoin traders for COVID tests on the opening day of Miami’s Bitcoin conference in 2021 Miami healthcare company Progressive Care, which provides rapid COVID-19 tests to a pharmacy near the ongoing Bitcoin 2021 Conference, announced that it would accept payment in Bitcoin for COVID-19 tests, starting from&nbsp; The healthcare company provided rapid COVID-19 tests kits to a pharmacy near the&nbsp; Bitcoin 2021 Conference center and announced that it would accept payment in Bitcoin for COVID-19 tests, starting from the first day of the Conference on 4th June [&hellip;]
- [President Of El Salvador To Make Bitcoin A Legal Tender](https://diutocoinnews.com/2021/06/president-of-el-salvador-to-make-bitcoin-a-legal-tender/): Speaking at the largest Bitcoin conference 2021 in Miami, President Nayib Bukele of El Salvador announced his intention to make Bitcoin a legal tender in his country. The announcement is the first of its kind and makes El Salvador the first country in the world to consider bitcoin as an official legal tender. With over 70% of the population of El Salvador not having a bank account and with remittances making over 20% of the country’s GDP, the President believes this move will go a long way in assisting the creation of jobs for thousands of El Salvador Citizens in the [&hellip;]
- [Kenyan Banks Sends Warning To Customers To Avoid Cryptocurrency Trading On Exchanges](https://diutocoinnews.com/2021/06/kenyan-banks-sends-warning-to-customers-to-avoid-cryptocurrency-trading-on-exchanges/): The Central Bank of Kenya (CBK) had sent out a circular to all banks in 2018 warning them against dealing with virtual currencies or entities dealing in digital currencies like Bitcoin. A directory note was also issued to all commercial banks requiring them to appoint money laundering reporting officers to track and prevent the activities of cryptocurrency traders and exchanges to avoid terrorist financing in the nation. A select number of Kenyan banks have started sending cautionary alerts to users who have used their credit and debit cards to buy cryptocurrencies on crypto exchanges. Some of these banks have pushed forward [&hellip;]
- [SARS Requests South Africa Exchanges for Client Data](https://diutocoinnews.com/2021/06/sars-requests-south-africa-exchanges-for-client-data/): SARS Requests South Africa Exchanges for Client Data AltCoinTrader, VALR, and Luno have confirmed that the South African Revenue Service (SARS) has requested client data.  According to the crypto exchanges, the request is targeting certain customers. This request according to SARS is by Section 46 of the Tax Administration Act. Read Also: Standard Chartered Plc has said it is set to launch a cryptocurrency exchange and brokerage service. The revenue body is requesting this data “as part of a tax risk assessment exercise on residents involved in the mining, speculation and/or investment in crypto assets.” SARS claims that the data is [&hellip;]
- [Standard Chartered Bank to Launch Cryptocurrency Exchange Services, Available to European Markets](https://diutocoinnews.com/2021/06/standard-chartered-bank-to-launch-cryptocurrency-exchange/): Standard Chartered Bank to Launch Cryptocurrency Exchange Services, Available to European Markets Standard Chartered Plc has said it is set to launch a cryptocurrency exchange and brokerage service. The bank said its innovation arm, SC Ventures, would establish the platform. The move will be a joint venture between SC Ventures and BC Technology Group, a Hong Kong-based investment company specialising in digital assets, according to Bitcoin.com. BC Technology operates OSL, the first cryptocurrency exchange to be licensed by Hong Kong’s Securities and Futures Commission. Read Also: Pinkoin Founder and Pioneer Omotade Sparks Amos Sewanu Arrested By EFCC in Sokoto “We have [&hellip;]
- [OKEx Launches Zero Fees on Futures and Perpetual Trading ](https://diutocoinnews.com/2021/06/okex-launches-zero-fees-on-futures-and-perpetual-trading/): OKEx is offering ZERO FEES for both new and existing users who open their first futures or perpetual swap positions from 3rd June to 13th June 2021.&nbsp; Futures and Perpetual swaps are types of cryptocurrency derivatives made available by OKEx to enable customers to have wider trading options. Register here These two are closely related but the two differences are that Perpetual swaps have no settlement/expiry dates and Funding rates and fees in Perpetual swaps are structured differently. OKEx futures contract allows users to trade contracts of digital assets such as BTC and ETH. Each contract represents $100 of BTC, or [&hellip;]
- [Binance Blockchain Ecosystem Is Hosting A Defi And NFT Hackathon For The African Blockchain Community.](https://diutocoinnews.com/2021/06/binance-blockchain-ecosystem-is-hosting-a-defi-and-nft-hackathon-for-the-african-blockchain-community/): Binance Exchange is the leading global cryptocurrency exchange, with users from over 190 countries and regions. Capable of processing more than 1.4 million orders per second, Binance is the largest crypto exchange by trade volume and one of the fastest in the world. The exchange has shown great interest for the African community and has deployed various activities to help educate and grow Africans in blockchain technology and cryptocurrency.&nbsp; The 20-day hackathon is co-hosted by Bundle, a social payments app for crypto, and seeks to empower blockchain engineers on the continent to rapidly build blockchain solutions on the Binance Smart Chain [&hellip;]
- [4.7 Million Australians Would Accept Bitcoin As Wage Payment Options](https://diutocoinnews.com/2021/05/4-7-million-australians-would-accept-bitcoin-as-wage-payment-options/): A new survey has ascertained that one in four Australians would like to receive at least part of their salary in cryptocurrency.&nbsp; While the intentions differ between the members of the different denominations, the results indicate that the Australian nation’s across-the-board interest in decentralized digital money remains strong. The comparison website Finder.com carried out this poll which was conducted among 1,000 Australians. The company is literally among the first in the country to offer its employees the option to take a portion of their income in cryptocurrency. The company discovered that 24% of Australians, or approximately 4.7 million, are ready to [&hellip;]
- [Pinkoin Founder and Pioneer  Omotade Sparks Amos Sewanu Arrested By EFCC in Sokoto](https://diutocoinnews.com/2021/05/pinkoin-pioneer-omotade-arrested-by-efcc/): After several months of searching, The Economic and Financial Crimes Commission has arrested the Founding Pioneer of Pinkoin for a case bordering on obtaining pretense, names-dropping, and fraud to the tune of thirty-two million nairas ( N32,000,000). He was captured in Sokoto, Nigeria. Omotade Amos was originally declared wanted by the Economic and Financial Crimes Commission in November 2020 over an alleged fraud of 32 million nairas. The alleged fraudster had been reportedly promising outrageous returns to investors who buy the scam coin called Pinkoin.  The project had been reportedly carrying out illegal fund contributions from their victims who have no [&hellip;]
- [Paypal Plans To Allow Its Users To Withdraw Bitcoin And Other Cryptocurrencies To External Wallets.](https://diutocoinnews.com/2021/05/paypal-plans-to-allow-its-users-to-withdraw-bitcoin-and-other-cryptocurrencies-to-external-wallets/): The California-based company, which opened its platform to digital currencies in October 2020, presently does not let users move cryptocurrency holdings off its platform.&nbsp; Speaking at CoinDesk’s Consensus 2021 conference, Jose Fernandez da Ponte, the Vice President, and General Manager of Blockchain, Crypto and Digital Currencies for PayPal, told moderator Jeff John Roberts that a withdrawal method is set up at PayPal.&nbsp; The company now allows users to withdraw their digital assets to third-party wallets. This means that users will not just hold their assets on the Payment Platform to convert to fiat but can also withdraw to external wallets.&nbsp; He [&hellip;]
- [Largest Zimbabwean Financial Institution CBZ Holding Looks At Methods To 'Leverage Cryptocurrencies'](https://diutocoinnews.com/2021/05/largest-zimbabwean-financial-institution-cbz-holding-looks-at-methods-to-leverage-cryptocurrencies/): CBZ Holdings, Founded in 1980 is one of Zimbabwe’s biggest financial institutions, CBZ Holdings has declared that it is currently searching for ways it would&nbsp; “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about innovations, as these could open up new opportunities going forward.” Conversing in an interview with a local Zimbabwean publication, Holtzman also admits that innovations such as cryptocurrencies or rather blockchain in extensive fintechs, biotechs, and tech firms are all serving specific gaps. Revealing his stand on informative technology, the Chairman said: &#8220;Our view is that these innovations [&hellip;]
- [The Central Bank Of Nigeria To Lift Four Months Ban On Digital Assets](https://diutocoinnews.com/2021/05/central-bank-of-nigeria-to-lift-ban-on-digital-assets/): During the Monetary Council meeting held yesterday in Abuja, Mr. Godwin Emeifele, the Governor of the Central Bank of Nigeria shared his doubts surrounding digital assets. According to Mr. Godwin, CBN has conducted research to show that most cryptocurrency transactions are legal with a number of them being illegitimate. The Governor went ahead to affirm that citizens of the country still transact with digital assets even after the proposed ban by the Central Bank while acknowledging that cryptocurrencies are beneficial while stating his fears of some being illegitimate.&nbsp; “We have carried out our investigation and we found out that a substantial [&hellip;]
- [NITDA Declares That Cybersecurity Is Essential For Digital Asset Protection.](https://diutocoinnews.com/2021/05/the-national-information-technology-development-agency-declares-that-cybersecurity-is-essential-for-digital-asset-protection/): Several months after the Central Bank of Nigeria (CBN) declared that Bitcoin and other cryptocurrencies were not legal tenders in Nigeria. Various Financial bodies in the country have begun to pay extra attention to the activities of the Digital space. The aim is to find a common ground where cryptocurrencies and other forms of digital assets can be used legally in the country, for the development of the economic uptrend of the nation. The Director-General, National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi, CCIE has affirmed that Cyber Security is a fundamental factor necessary for the preservation of digital [&hellip;]
- [Binance Lists Available Jobs Open for Hiring in Africa in 2021](https://diutocoinnews.com/2021/05/binance-jobs-in-africa-2021/): Binance, the company behind the largest cryptocurrency exchange by volume is looking to hire successful applicants for various open positions as it expands its crypto trading services within the continent and beyond. Binance is looking to hire more qualified persons aside from the previously closed job offers listed before now. The company is looking to serve a greater part of Africa in other to increase the adoption of crypto around the world. Some of the positions open for hiring in Africa include: Operations Manager &#8211; Fiat (MENA region) the Middle East &amp; North Africa /Operations – operations /Full-Time Onsite Or Remote: [&hellip;]
- [Nigerians on Twitter React To the Massive Crash in Cryptocurrencies.](https://diutocoinnews.com/2021/05/nigerians-on-twitter-react-to-the-massive-crash-in-cryptocurrencies/): In 2020, Nigeria became the world’s second-largest Bitcoin market after the United States. As a country where its citizens have taken keen attention to cryptocurrencies,&nbsp; It comes naturally as Nigerians react to the cryptocurrency dip on Twitter. Cryptocurrency investors woke up to the brutal crash of their crypto investment. Related Read https://diutocoinnews.com/nigeria-tops-statista-chart/6018 Prices of leading currencies, including Bitcoin, Dogecoin,ethereum, BNB among others crashed 30% within 24 hours. The crypto market took on the red jacket after CEO of Tesla Elon Musk said would no longer accept Bitcoin as a payment option for its electric cars. The billionaire quoted the disruptive energy [&hellip;]
- [Uganda Financial Intelligence Authority (FIA) Requests Cryptocurrency Regulatory Framework from the Ugandan Government.](https://diutocoinnews.com/2021/05/uganda-financial-intelligence-authority-fia-requests-cryptocurrency-regulatory-framework-from-the-ugandan-government/): The Financial Intelligence Authority of Uganda (FIA Uganda) has requested the Ministry of Finance to come up with a framework to help regulate cryptocurrency operations in the country. This request has arisen due to non-compliance by various crypto exchange operators in the country to register their businesses. A memo for amendment was given in regards to crypto regulations in late 2020. https://twitter.com/ThefiaU/status/1336936054608236545?s=19 The amendment Act means that cryptocurrency exchanges and virtual assets providers are now subject to the supervision and monitoring by the FIA.&nbsp; According to the chairman of FIA, Virtual asset providers of the country have refused to conceal the [&hellip;]
- [Cardano Celebrates 1 Million Wallet Download](https://diutocoinnews.com/2021/05/cardano-celebrates-1-million-wallet-download/): Cardano blockchain has over 1 million $Ada wallets, this was revealed according to an announcement made by the Cardano Foundation on Twitter. The cryptocurrency community has witnessed remarkable growth in 2021. The company started the year 2021 with only 203,519 ADA wallets, meaning that the number of addresses has increased nearly fivefold since the start of the year. While $Ada was down over the weekend by 47.85 percent from its all-time high of $2.45 that was reached on May 16, the token is still up a staggering 691 percent year-to-date. $Ada has&nbsp; https://twitter.com/Cardano/status/1396331888093061121?s=19 Since its creation, the blockchain has evolved through [&hellip;]
- [MicroStrategy acquires more Bitcoin amid the Dùmp](https://diutocoinnews.com/2021/05/microstrategy-acquires-more-bitcoin/): Taking advantage of the downturn following the Elon Musk tweet, MicroStrategy purchases an additional 271 bitcoins for $15 million at an average price of ~$55,387 per $Bitcoin according to CEO, an American entrepreneur, and business executive Michael Taylor. Micheal Saylor revealed this in a tweet on Thursday, 13th may, this current purchase has increased the total number of $Bitcoin the company holds to 91,850BTC at an average price of $24,403 bitcoin for $2.241 billion. https://twitter.com/michael_saylor/status/1392814015181635584?s=19 In less than a year, the relatively hidden intelligence software firm turned itself into what many call a decaf to bitcoin ETF and its CEO Michael [&hellip;]
- [E- commerce company eBay becomes the first to venture into NFT sales](https://diutocoinnews.com/2021/05/e-commerce-company-ebay-becomes-the-first-to-venture-into-nft-sales/): American multinational E-commerce giant eBay has upscaled its policy to facilitate the sales of non-fungible tokens, on Tuesday 11th, while speaking with reuters.com revealed how the company was to allow the sale of non-fungible tokens. These are digital collectibles like trading cards, images or video clips on its platform, making them the first e-commerce company to tap into the recent attraction around NFTs. NFTs are virtual assets that exist on a&nbsp; blockchain ledger, in recent times they have exploded in popularity, as art enthusiasts spend enormous sums of money trying to acquire these artworks and other items available online pegged in [&hellip;]
- [Goldman Sachs Managing Director Quits Job After Making a Fortune From Dogecoin](https://diutocoinnews.com/2021/05/managing-director-quits-job-after-making-a-fortune-from-dogecoin/): Aziz McMahon, a managing director at Goldman Sachs has quit his lucrative job at Sachs after his recent fortune from the top meme coin Dogecoin. According to a report released by eFinancialCareers, McMahon, who took charge of the bank’s emerging sales department in London, allegedly made “millions” from Doge after the digital asset skyrocketed by over 18,000 per cent since the beginning of the year. Reports have it that the former MD has now launched his hedge fund following his exit from Goldman. After 14 years of working with Goldman, McMahon can peacefully live his retirement dreams or work elsewhere.&nbsp; The [&hellip;]
- [Nkowa Gbasara Iru Decentralized Application N'ime Near Protocol](https://diutocoinnews.com/2021/05/nkowa-gbasara-iru-decentralized-application-nime-near-protocol/): Blockchain agbanweela nke ukwuu n’ime afo ole na ole. Ndi developers’ bu ogidi di mkpa nke teknuzu blockchain. Ndi blockchain software developers na emepe ihe ana por decentralized applications (Dapp) na udi weebu. otu n’ime ihe nruputa kachasi developers maka iwulite Dapps bu NEAR Protocol. Ka I ga emesia kwenye na m na njedebe nke akwukwo a. Nke mbu, ibu onye NEAR developer, I ga enwe nka ma nwekwaa ihe okike na echiche ohuu nwere ike idozi ezigbo nsogbu. Maka ndi ahu aka ha amachaghi nke oma, ozioma ozo di, NEAR nwere uloru na ihe omumu maka ndi developers nke g [&hellip;]
- [Anfani Towa Lori Kiko Ile Eto DAPPS Si Ori Ero Near Protocol](https://diutocoinnews.com/2021/05/anfani-towa-lori-kiko-ile-eto-dapps-si-ori-ero-near-protocol/): Blockchain ti wani ati ojo to ti pe, awon developers ni eroja nla ninu ero blockchain. Awon software developers lori blockchain da eto decentralized(dapp) ati eto web. Ikan ninu awon developer platform to daraju ti ama n fi shey eto NEAR protocol bi eshey ma pada gba nini eto publication ti mo fe shey.&nbsp; Akoko, lati je NEAR developer eyan ni lati ni opolo to dara ati imo daadaa lati le fi solve ero aye. fun awon ti won o ni opolo to dara, lati dun yin ninu NEAR ni awon eto ni shesheyn tele fun awon ero NEAR developer ti [&hellip;]
- [Ray Youssef of Paxful Shares his Thoughts on CBN’s Cryptocurrency Ban/Legitimacy in Nigeria](https://diutocoinnews.com/2021/05/ray-youssef-of-paxful-shares-his-thoughts-on-cbns-cryptocurrency-ban-legitimacy/): The Chief Executive Officer of Paxful, Mr. Ray Youssef, who was in Lagos recently to dialogue with government officials, in this interview advises on the way forward for cryptocurrency business and adoption in Nigeria,&nbsp; This interview was conducted by Dike Onwuameze of Thisday daily newspaper in Lagos, Nigeria. What is Paxful all about and its vision? It is all about helping people by impacting their lives and making them wealthy, but not through speculation, but by allowing them to build businesses. It is also about allowing people to use their money in a way everyone will have the right to use [&hellip;]
- [Join the Futures trading Campaign on OKEx](https://diutocoinnews.com/2021/05/join-the-futures-trading-campaign-on-okex/): Join the OKEx Futures Trading campaign starting April 28th to May 12th, 2021&nbsp; Follow this link to participate Prize pool includes an iPhone 12 and $20,000, lucky draw is also available. This campaign is exclusive for users in Nigeria, Egypt, Iraq, Saudi Arabia, UAE, Turkey and South Africa who complete KYC 1. Terms and conditions apply, please read What is futures trading? Futures are derivative financial contracts with the obligation to transact/trade a digital asset at a predetermined future date and price. When trading futures, you are actually trading contracts that represent the value of such cryptocurrency.&nbsp; You do not own [&hellip;]
- [Yadda Zaka Samu Saukin Zama Kwararren Dadalofa Da Samun Sauki Yayin Amfani Day Near Protocol](https://diutocoinnews.com/2021/05/yadda-zaka-samu-saukin-zama-kwararren-dadalofa-da-samun-sauki-yayin-amfani-day-near-protocol/): Yadda Zaka Samu Saukin Zama Kwararren Dadalofa Da Samun Sauki Yayin Amfani Day Near Protocol. Blockchain yasamo asalini a shekaru yankadan . Dabalofas sune katangar fasahar blockchain . Dabalofas na&nbsp; manhajar blockchain sunkirkiri decentralized application (Dapp) da kuma shafin yanar gizo daban daban. Shafi mafarko da Dabalofas Yakamata suyi amfani dashi domin gina Dapps shine NEAR Protocol daga karshen wannan rubutun nawa zaka yadda dani. Da farko domin zama NEAR Dabalofa yana dakyau ace Kanada fasaha da dabaru dazaka iya kirkirar wani dabaru dazaimagance matsaloli na rayuwarmu a yanzu. Wani labari mai daɗi shine NEAR katanaji kayan aiki da ma&#8217;aikata da [&hellip;]
- [Building Decentralized Applications on Near Protocol Blockchain](https://diutocoinnews.com/2021/05/building-decentralized-applications-on-near-protocol/): Blockchain software developers create decentralized applications (Dapp) and web varieties. One of the most efficient developer platforms for building Dapps is NEAR Protocol 
- [MasterCard Survey Reveals an Additional Increase in the Percentage of Cryptocurrency Adoption in Africa.](https://diutocoinnews.com/2021/05/mastercard-reveals-increase-in-crypto-adoption-2/): A new report by payments giant, MasterCard, has shown huge growth in cryptocurrency awareness with 67% of Millenials consenting to their use of cryptocurrency across Africa over the past year. The MasterCard team in partnership with The Harris poll researched from Feb. 26 to March 10. 2021, The research was conducted across 18 countries around the world and has revealed the increasing and client desire for this recent, fast, and flexible digital experience. The result of the Mastercard poll has some optimistic undertone, The market research data for cryptocurrency adoption across the globe in Its online survey disclosed how fast the [&hellip;]
- [Hotbit Exchange shuts down for Two weeks over an attempted cyber-attack.](https://diutocoinnews.com/2021/05/hotbit-suspends-withdrawal-for-two-week-over-cyberattack/): Cryptocurrency exchange Hotbit has shut down all of its services after an attempted cyberattack on Thursday, 29 April 2021 According to the Hotbit announcement on telegram, The hackers were reportedly unsuccessful in gaining access to Hotbits&#8217; wallets but did manage to jeopardize the platform’s user database.&nbsp; This has led to the Hotbit team having advised customers to disregard any communication from forces professing to be representatives of the exchange. With all normal operations currently paused during the ongoing maintenance, Hotbit also revealed that pending trading orders are canceled to prevent losses.&nbsp; The exchange has promised to bear any loss resulting from [&hellip;]
- [The Economic and Financial Crimes Commission (EFCC) cautions Nigerians against Bitcoin, forex trading, and other financial investments.](https://diutocoinnews.com/2021/05/efcc-cautions-nigerians-against-cryptocurrencies-forex-trading/): Three months after Nigeria’s central bank restricted financial institutions from dealing with crypto-related companies and securities, The Economic and Financial Crimes Commission (EFCC) has warned Nigerians against what it described as an investment that promises returns that look too good to be true. EFCC spokesman, Wilson Uwujaren, who gave the warning in Abuja, said “Though risk-taking is considered by some as the oxygen that drives investment decisions, the commission warns the public against taking an unmitigated risk in desperation to earn a windfall. “Investment in Bitcoin, for instance, is a high-risk activity as the terrain is largely unregulated and prone to [&hellip;]
- [Bitcoin Hits New All-time High Above $63,000 Amidst the Blind Crypto Regulations in Nigeria.](https://diutocoinnews.com/2021/04/bitcoin-hits-new-high/): Bitcoin surged to a fresh record high of more than $63,000 today, amidst the unbecoming crypto regulations and other FinTech poised regulations in the country.&nbsp; The price of bitcoin climbed as high as $63,236, according to data from Coin Metrics, before dropping to around $62,877. It was last up about 5% in the last 24 hours. Ethereum Blockchain&#8217;s cryptocurrency Ether, the second-largest coin by market capitalization after bitcoin, also set a fresh record, climbing to $2,230. In the past few days, the Central Bank of Nigeria has reportedly suspended the provision of the BVN validation service to all fintech, third-party partners [&hellip;]
- [OKEx Nigeria Exclusive Crypto Summit](https://diutocoinnews.com/2021/03/okex-nigeria-exclusive-crypto-summit/): Crypto-related businesses need a top cryptocurrency exchange to thrive, a cryptocurrency exchange where trading is as seamless as it can be, where liquidity is not an issue, where there is the ease of usage. OKEx, a world-leading one-stop cryptocurrency exchange, offers all these alongside many more features that bring growth to businesses. In continuance of its commitment to better serve its users and ensuring that mass adoption of blockchain and cryptocurrencies is global, from urban to grassroots, OKEx will be hosting an exclusive event slated for March 27th, 2021 by 11 am. This event is aimed at fostering mutual growth and [&hellip;]
- [Binance Backed Xend (DeFi) And Binance Smart Chain-Built Company Launches Out of Africa](https://diutocoinnews.com/2021/03/binance-backed-xend-launches/): Backed By Binance And Google Launchpad, Xend Finance Is The World’s First DeFi Credit Union and Cooperative Platform Targeting Users In Underserved Regions MARCH 22, 2021, Enugu, Nigeria — Xend Finance, the first decentralized finance (DeFi) platform for credit unions and cooperatives, today announced their mainnet launch, opening up the ability for credit unions to be able to access DeFi for their members. Individuals will also be able to use the Xend Finance platform on their own to create cooperatives and Esusu groups, a traditional African way of rotating savings. Xend Finance is the first DeFi company to launch out of [&hellip;]
- [Art to Non Fungible Tokens (NFT) Online Conference](https://diutocoinnews.com/2021/03/art-to-non-fungible-tokens/): Cryptocurrency Academy (CCA) in collaboration with DiutoCoinNews is organising an online only conference to explain NFTs and its benefits to artists and other interested enthusiasts.&nbsp; Non-fungible Tokens NFTs are pieces of digital content linked to the blockchain, the digital database underpinning cryptocurrencies such as bitcoin and ethereum.&nbsp; According to Daniel Passos Founder of Phovi App; We have invited a panel of Artists and NFT gurus: Daniela Passos, Founder of Phovi App. Caleb Kariwe: Regenerative Nature and Context Abstract Artist Claudia. The two guests will introduce us to the world of Non fungible tokens helping us have a better understanding of What [&hellip;]
- [The Government of India Stresses More on Crypto Ban](https://diutocoinnews.com/2021/03/india-on-crypto-ban/): The government of India has been uncertain about how to identify with the mass adoption of blockchain and cryptocurrencies around the world when it comes to cryptocurrencies. The Indian government has since 2018, been skeptical about deciding to ban cryptocurrency and then backtracking and declaring itself crypto-friendly. This has been going on and on in the past years.&nbsp; A bitter circle that makes the condition of miners and traders in the country very unstable. An official bill has been submitted on the 15th March 2021, as gathered by Duitocoinnews.com that India wants to scrap cryptocurrencies definitely this Time. The Indian government [&hellip;]
- [Crypto is Currently the Top Trending Topic on Twitter Nigeria With Over 239K Tweets](https://diutocoinnews.com/2021/03/crypto-trending-on-twitter-nigeria/): Crypto is currently the number one trending topic in Nigeria with over 239k tweets. This current hot topic is tied with the misunderstanding between Femco and the public. The Feminist Coalition Group (Femco) explained that the group had an unconfirmed transaction on the Bitcoin network which was between the organisation and a sales entity.&nbsp; The sales entity here sold provisions needed by the organisation during the #EndSARS campaign of which the payment was done using bitcoin.  Read Also: Endsars; 9.9 Btc Raised for #Endsars Protests, Feminist Coalition Group Gives Account The transaction which was initiated on Nov 16 2020, was confirmed [&hellip;]
- [OKEx P2P Merchant Recruitment Goes Live, Apply and Earn Trading on OKEx P2P.](https://diutocoinnews.com/2021/03/okex-p2p-merchant-recruitment/): Dear P2P merchants, OKEx wants you! OKEx is excited to announce the NGN P2P seller recruitment! This is an opportunity for merchants and traders on OKEx to earn more by participating in the NGN P2P trading from 10th March to 24th March 2021. Nigerians (and other users) trading on OKEx has enjoyed successful trades and competitive rates with low transaction fees. It is only fair to create a way for our users to convert their profit to NGN easily with ease, this was what brought about the NGN P2P trading.&nbsp; With the Nigerian government giving directives to banks to stop their [&hellip;]
- [Twitter CEO Jack Dorsey Intends to Convert His NFT Proceeds to Bitcoin and Donate the Sale to Charity](https://diutocoinnews.com/2021/03/twitter-ceo-jack-dorsey-intends-to-convert-his-nft-proceeds-to-bitcoin-and-donate-the-sale-to-charity/): Twitter CEO Jack Dorsey has revealed that his NFT sale will be given to charity. He disclosed on Twitter on Tuesday 10th march. On the 6th of March, @Jack offered to sell the first-ever published tweet as a non-fungible token (NFT), putting it up for sale on crypto startup Cent. Cent is an Ethereum-based blockchain service that allows its users to mint, sell, and bid on NFTs of tweets. Interestingly enough, amid the very little knowledge of NFTs within the crypto ecosystem, Jack Dorsey’s offer to sell his tweet has been met with extensive acceptance. As of press time, the highest [&hellip;]
- [Former Senator of Nigeria, Shehu Sani Bets on Crypto Replacing Traditional Banks](https://diutocoinnews.com/2021/02/former-senator-of-nigeria-shehu-sani-bets-on-crypto-replacing-traditional-banks/): Shehu Sani, a former senator who represented Kaduna Central senatorial district in the National assembly took to his Twitter to share his opinion about cryptocurrencies. He argues that in months to come crypto would take over the future of financial services and the physical structures of banks would no longer be needed as an asset store.&nbsp; &#8220;Crypto: in the future, there will be no physical building called the bank,&#8221; he said Shehu Sani was born on 29 October 1967. He is a Nigerian senator, author, playwright, and human rights, activist. He is the President of the Civil Rights Congress of Nigeria [&hellip;]
- [MicroStrategy Acquires Additional 19,452 Bitcoins for $1.026 Billion](https://diutocoinnews.com/2021/02/microstrategy-acquires-additional-19452-bitcoins-for-1-026-billion/): In its latest buying round, the business intelligence firm has acquired additional 19,452 Bitcoins valued at about $1.026 billion. The 19,452 Bitcoin was bought for approximately  $52,765 per Bitcoin. MicroStrategy has accumulated over 90,531 Bitcoin at press time. With the digital asset now trading at over $53,000, MicroStrategy’s Bitcoin stash is valued at over $3.7 billion. The Company made a Press Release on the latest buy on 24th Feb 2021 followed by a tweet by its CEO @micheal_saylor in regards to the bitcoin purchase. “The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and [&hellip;]
- [Kuda Bank Hits 1 Million Android App Downloads](https://diutocoinnews.com/2021/02/kuda-bank-hits-1-million-android-app-downloads/): Kuda bank is the first  African digital bank Created by Nigeria, it is celebrating a milestone that its android app has as of 20th Feb recorded over a million downloads of the app. It took to its official Twitter handle @Kudabank to thank its customers for making this 1 million Downloads possible and celebrating the next 1 million to come. &#8221; Thank you for making this happen! Cheers to the next 1 million downloads&#8221; Since its launch in 2019, Kuda has been concerned about the growth of its community, and to this end, it has built a strategy to provide new [&hellip;]
- [Nigeria Tops Statista Chart on Countries with the Most Cryptocurrency Owners and Users ](https://diutocoinnews.com/2021/02/nigeria-tops-statista-chart/): Nigeria as Giant Of Africa is quickly aiming to claim a new title &#8220;Giant of Crypto&#8221;. In 2020, Nigeria became the world&#8217;s second-largest Bitcoin market after the United States. It also registered over 10,000 New Students in the Crypto Ecosystem. Results from a recent study by Statista have shown that Cryptocurrency use is on the rise in Nigeria with 33% of Nigerians either using or owning cryptocurrency. Cryptocurrency has become popular all over the world, It is a cheaper solution to sending money across borders within and outside Nigeria, its anonymity and Decentralization are some of the numerous usages that have [&hellip;]
- [Dan Holding is Set to officially Launch its P2P Platform Localcoinex](https://diutocoinnews.com/2021/02/dan-holdings-to-launch-localcoinex-p2p/): P2p is the new trading strategy for Africans and Nigerians following the Ban on cryptocurrencies by the Central bank of Nigeria. The ban has increased the awareness and adoption of Bitcoin and cryptocurrencies in general. Localcoinex, a p2p Exchange built-in 2019 by Dan Holdings ltd. Led by its CEO Daniel Oyekan but was not launched because it was not found essential but with the new CBN policy. According to Danny Oyekan who made the comeback tweet on Feb 8th, 2020; &#8220;2 years ago we built @localcoinex a p2p exchange and didn&#8217;t launch it due to lack of demand for it. I [&hellip;]
- [CBN Crypto Regulations: A Crypto Trader Claims GTBank Threatened to Arrest him.](https://diutocoinnews.com/2021/02/cbn-crypto-regulations-a-crypto-trader-claims-gtbank-threatened-to-arrest-him/): Crypto Trader on Twitter claims that Guarantee Trust Bank has threatened to arrest him after blocking his bank account. @Maxdiwailee on Twitter has claimed that he was threatened by GTBank for mainly trading cryptocurrencies, according to him, GTBank claimed that he violated the regulations of the CBN on cryptocurrency. “based on that order from CBN concerning cryptocurrencies, they blocked the account &#8211; according to them&#8221; The young Nigerian who took to his Twitter handle to share his experience with the bank on 16th of February 2021, said that he visited the bank to get proper information after his GTBank bank account [&hellip;]
- [NGNT Stablecoin Launches on Binance Smart Chain Following the Nigerian Central Bank Crypto Ban](https://diutocoinnews.com/2021/02/ngnt-launches-on-binance-smart-chain/): In a quick bid to ensure continued operations, BuyCoins, a popular Nigerian cryptocurrency exchange, has moved to fully endorse the Naira Token (NGNT) stablecoin. NGNT is backed by USDC and BUSD which are leading global digital dollar stable coins. The latest approach means that NGNT is now backed by BUSD and USDC, They are both regulated by financial institutions in the United States, and backed by fully reserved assets, and are redeemable 1:1 basis for US dollars. The move is a response to the crypto ban by the Central Bank of Nigeria (CBN) that warned financial institutions and deposit-taking firms from [&hellip;]
- [Twitter CEO and Rapper Jay-Z Set Up a 500 Bitcoins Endowment Fund (₿trust) Focused on Africa and India](https://diutocoinnews.com/2021/02/jay-z-and-jack-set-up-bitcoin-fund/): Multimillionaire Rapper Jay-Z has teamed up with Twitter CEO, Jack Dorsey,&nbsp; a bitcoin and decentralization advocate to give 500 bitcoins to a new endowment fund, labeled B trust, to fund Bitcoin development, with its focus on teams in Africa and India respectively. Shawn Corey Carter, known professionally as Jay-Z, is an American rapper, songwriter, record executive, businessman, and record producer. He is widely regarded as one of the most influential hip-hop artists in history, and often cited as one of the greatest rappers of all time. Jack Patrick Dorsey is an American technology entrepreneur and philanthropist who is a co-founder and [&hellip;]
- [We have engaged with the CBN and agreed to work together to further analyze Crypto securities Says SEC Nigeria](https://diutocoinnews.com/2021/02/cbn-to-work-with-sec-nigeria/): SEC PRESS RELEASE:  “We have engaged with the CBN and agreed to work together to further analyze Crypto securities” The Securities and Exchange Commission of Nigeria (SEC Nigeria) has put out a Press release to calm all opinions concerning the Policy published on Digital Assets, their classification and Treatment released September 11th, 2020, and the information provided by the CBN&#8217;s Circular on 5th February 2021. According to the press release, this decision has been notified by inquiries from cryptocurrency Exchange CEOs and comments From unsatisfied Nigerians with what seems to imply there is perceived policy conflict between the SEC and the [&hellip;]
- [Senate Nigeria Summons CBN Concerning the Recent Regulations On Cryptocurrency, Bitcoin](https://diutocoinnews.com/2021/02/nigeria-senate-on-cryptocurrency-bitcoin/): The Senate has issued a mandate to CBN to appear at the Senate House concerning its recent strict regulations on cryptocurrency operators in the country.&nbsp; Senate mandated its Committees on Banking, Insurance and other Financial Institution, ICT and Cybercrimes and Capital Market to invite the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele to explain the reasons behind the recent strict regulations on cryptocurrency operators and crypto traders.&nbsp; This new development was disclosed by the Senate in a recent tweet today after Thursday’s plenary session. According to the National Assembly, the Financial Committees of the Senate House are expected to enquire [&hellip;]
- [Buy Crypto on OKEx P2P Nigeria and  Share $20,000 Prize Pool Now.](https://diutocoinnews.com/2021/02/buy-crypto-on-okex-p2p/): OKEx has opened a new campaign for Nigerians on the OKEx P2P platform. Few days after launching its P2P platform for its Nigerian users, OKEx, one of the popularly used international crypto trading platforms in Nigeria has opened a new campaign for users who make their first P2P trade on OKEx.&nbsp; Remember that CBN imposed a ban on Money Deposit banks processing payments for crypto payments companies in Nigeria. This new development has increased the number of persons using P2P in Nigeria. Buy on OKEx P2P and get a share of the $20, 000 pool prize&nbsp; The promotion details are as [&hellip;]
- [Bundle Africa Is Building its P2P Platform to Withstand the Regulations on Crypto Payments](https://diutocoinnews.com/2021/02/bundle-africa-p2p/): Bundle Africa Is Building its P2P Platform to Withstand the Regulations on Crypto Payments.  Bundle Africa P2P is under development according to a recent email sent to users from the Bundle Africa platform. The new development came about following strict regulations on banks processing crypto payments for crypto-focused companies supporting or processing direct naira payments including deposit and withdrawal.&nbsp; The recent CBN release on the ban on crypto payment processing has spurred the use of peer-to-peer trading platforms in Nigeria. Bundle Africa in an email recently sent to its users, will be will adding alternative cash in/out methods. Read Also: Binance [&hellip;]
- [Binance Adds Bundle Africa as a Payment Method on Binance P2P](https://diutocoinnews.com/2021/02/bundle-africa-on-binance-p2p/): Binance, The world&#8217;s largest crypto exchange, just added a Bundle wallet as a payment option for crypto peer-to-peer (P2P) trading on its Exchange.&nbsp; Per the tweet on the official Twitter handle on Bundle Africa, Binance now supports Bundle Africa for Binance P2P Nigeria. With this new Development, anyone trading cryptocurrency through peer-to-peer trading on Binance can choose to skip the stress of a bank process and receive payment in their wallet when they sell a particular cryptocurrency at no cost. The Bundle Africa is an Africa-focused social payments app for cash and cryptocurrencies, launched in Nigeria. It&#8217;s backed by Binance, and [&hellip;]
- [Being a Validator: The Process, Rewards, and Privileges.](https://diutocoinnews.com/2021/02/being-a-validator-the-process-rewards-and-privileges/): A validator is someone responsible for verifying transactions within a blockchain; i.e, a validator is a participant in the network who locks up tokens in the network and runs validator nodes to help run the network. Validators are the people who run the nodes which operate the NEAR network. Validators represent the community of node operators that take care of the blockchain consensus. For NEAR Network, any participant can be qualified to become a NEAR&#8217;S validator by running a full-node to earn Rewards and Transaction fees. To ensure Good Participation by Validators, they lock up some of their NEAR Tokens as [&hellip;]
- [Davido Declares Interest in Launching a Bitcoin Trading Company Soon.](https://diutocoinnews.com/2021/02/davido-bitcoin-trading-company/): Crypto-friendly Nigeria celebrity Davido wants to launch a bitcoin trading company. Before now, he is a shareholder at Bitsika, purportedly referred to as the Cash App of Africa. A multi-purpose mobile app with crypto services included. Davido recently tweeted that he is thinking of starting a bitcoin trading company to his large follower base of 8.8 million on Twitter, the largest followed music celebrities on Twitter in Africa. Read Also: Davido Partners With Bitsika Crypto Payments Application Davido partnered with Bitsika in October 2020 following a public announcement. According to him, this is his first partnership with a FinTech platform. Bitcoin [&hellip;]
- [Near Protocol Blockchain: Deploying Case to Address Supply Chain Problems in Nigeria.](https://diutocoinnews.com/2021/02/near-protocol-to-address-supply-chain-problems-in-nigeria/): Introduction The supply chain plays a crucial role in modern businesses by allowing them to achieve efficiency, responsiveness, and success. Over the past several decades, the scale of businesses has expanded, the number of geographic locales involved in the production process has grown and product portfolios have diversified. As a result, the supply chain has grown from a traditional network of manufacturers and suppliers to a vast ecosystem made of various products that move through multiple parties and require cooperation among stakeholders.&nbsp; Additionally, due to the rapid evolution of e-commerce, the demand for improved product visibility and source-to-store traceability has never [&hellip;]
- [There are Strict Regulatory Limits on Personal Accounts for Active Crypto-Traders — Kuda Bank](https://diutocoinnews.com/2021/02/regulatory-limits-on-personal-accounts-for-active-crypto-traders/): Kuda has reportedly blocked active naira bank accounts over unclear regulatory terms. A crypto guy identified as Nex Crypto on Twitter narrated how his account and that of his colleagues were blocked by Kuda for different reasons. “Kuda blocked my account, along with a couple of others (over 20 people) I know of since the 27th of last month” In a reply to the tweet, kuda said that the mobile-only bank has previously made clear clarifications to active crypto-traders concerning the strict regulatory limits for personal accounts. Read Also: Kuda Bank Debunks Claims of Shut Down!  “Hi, Nex Crypto. We understand [&hellip;]
- [Kuda Bank Debunks Claims of Shut Down! ](https://diutocoinnews.com/2021/02/kuda-bank-debunks-claims-of-shut-down/): Kuda bank has recently debunked claims of shut down circulating the internet. In a recent tweet, Kuda bank debunked claims that the Central Bank of Nigeria (CBN) will shut down the bank reinstating the trust of its customers towards their services. What Happened? In previous days, rumors were circulating on the internet that the mobile-only bank will shut down. The rumor claims that the bank&#8217;s license will be taken back by CBN for defaulting and supporting fraud. Meanwhile, there was no report on that. Early before now, scammers have been reportedly using the name of the bank to perpetrate illegal acts [&hellip;]
- [We are Allocating One Million Dollars for African Projects Launching on Binance Smart Chain Across Africa — CZ](https://diutocoinnews.com/2021/02/african-projects-launching-on-binance-smart-chain/): Chanpeng Zhao the CEO of Binance in a recent event for the developer community in Africa has allocated $1 million to fund developers deploying their projects on the Binance Smart Chain (BSC). Binance will also be organizing an African hackathon at the end of the 8-week course. African projects who successfully win will possibly get funded to build and run on BSC. What&#8217;s the Africa developer course about? The target was to train 1,000 developers from Africa. Meanwhile, over 18, 000 applied for the course. The increased interest corresponds to the increased rate of persons joining the crypto community and in [&hellip;]
- [I Have Never Flaunted an Expensive LifeStyle — Bitcoin Chief](https://diutocoinnews.com/2021/01/i-have-never-flaunted-an-expensive-lifestyle-bitcoin-chief/): Gaius Chibueze aka Bitcoin Chief corrected a blog post alleging that he flaunts an expensive lifestyle and wears on the internet as a top crypto influencer. “Bloggers should stop writing these things. I have never flaunted an expensive lifestyle as I don&#8217;t even wear designers. Stop telling people lies. Allow me to wear my Okrika in peace.” Who is Bitcoin Chief? Gaius Chibueze (aka Bitcoin Chief) is the CEO of ABiT Network, the crypto company behind Bitcoin and other crypto mobile-based applications including ABiTrader, etc. Read Also: Cryptopreneur, Gaius Chibueze Donates 3 Million in Naira to Fight COVID-19 Outbreak. The blog [&hellip;]
- [Binance Relaunches the Campus Ambassador Program Across African Universities.](https://diutocoinnews.com/2021/01/binance-campus-ambassador-program/): Binance Africa has relaunched the Campus Ambassador program previously started in Nigeria. “The Binance Campus Ambassadors program connects Binance users across campuses in Africa to the Binance ecosystem. This program is open to all undergraduates, postgraduates, and NYSC members across universities in Africa who can become champions within their crypto communities and campuses.” What will the Ambassadors do? They will work closely with the Binance Africa team, ideating and launching exciting initiatives, activities, crypto education, meetups, and engagements both online and offline as well as spreading the freedom of money that Binance represents within their campuses. Read Also: Over 10,000 New [&hellip;]
- [South Africa Government to regulate crypto trading Due to Increased Scam Activities ](https://diutocoinnews.com/2021/01/south-africa-to-regulate-crypto-trading/): South African regulators are seeking to exercise more control over cryptocurrency trading, coming after the collapse of what was asserted to be the largest Ponzi scheme the country has ever seen.   
- [OKEx Adds Support for NGN and Bank Transfer Payment Method on OKEx P2P Nigeria](https://diutocoinnews.com/2021/01/okex-p2p-nigeria/): OKEx has added support for Nigerian Naira (NGN) and bank transfer payment method on OKEx P2P Nigeria OKEx P2P platform recently announced the addition of Nigerian NAIRA to its P2P platform to enable Nigerians, make easy deposits and withdrawals. The peer-to-peer platform also allows Nigerians to use Bank Transfer as the payment method when exchanging crypto-fiat on its platform.&nbsp; What does it mean? This means that users on OKEx who are from Nigeria can now exchange crypto-fiat or fiat-crypto on the OKEx P2P platform. Deposits and withdrawals are now easy for Nigerians on its platform. OKEx P2P Nigeria has enabled Bitcoin [&hellip;]
- [“I Don't Want to do Forex Trading or Crypto,” - Dr. Joe Abah](https://diutocoinnews.com/2021/01/dr-joe-abah-crypto/): Dr Joe Abah is currently the Country Director of DAI (Development Alternative Inc). Prior to returning to Nigeria in 2003, he worked in various public sector organisations in the UK, including the Prime Minister’s Office of Public Service Reforms and the Audit Commission. He is a great Twitter influencer. He recently explained how he needed a side hustle (A means to make extra money apart from the paid income/one&#8217;s main source of income) in a tweet, soliciting business ideas. He vehemently ruled out Forex trading and Crypto trading as options! In response to his tweet, thousands of Nigerians who followed him [&hellip;]
- [ABiT Network Champions Next Of Kin Policy Among Crypto Exchanges in Nigeria](https://diutocoinnews.com/2021/01/abit-network-champions-next-of-kin-policy-among-crypto-exchanges-in-nigeria/): A recent tweet from Abit Network CEO Gaius Chibueze also known as bitcoin Chief has further explained the Essence of the Next of Kin feature in across crypto exchanges. The tweet was a conversation between him and a User of the exchange explaining the death of another user who had a huge amount of funds in another crypto platform. He said; “A few days ago,a user of our platform notified me of the death of another user and wondered how the family could get hold of his tatcoin, To protect our users and serve as life insurance,we have the &#8220;Next of [&hellip;]
- [Indian Crypto exchange BuyUCoin allegedly exposes 325K users’ personal data ](https://diutocoinnews.com/2021/01/indian-crypto-exchange-buyucoin-allegedly-exposes-325k-users-personal-data/): Users of Indian crypto exchange BuyUCoin have reportedly being affected by a breach compromising personal data of more than 325,000 people. BuyUCoin Exchange Officials initially denied the reports of this data breach, but later added that all user funds are safe after a confirmation statement was released by the Company.  According to a report from An Indian security researcher, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and bank account details of more than 325,000 BuyUCoin users. However, a later report from Bleeping Computer shows the leaked data [&hellip;]
- [Gaming Technology and Cryptocurrency Dualization ](https://diutocoinnews.com/2021/01/gaming-technology-and-cryptocurrency-dualization/): Gaming is one of the popularized hobbies today around the world. There are millions of gamers all over the world. Gaming goes way back to the 1950&#8217;s and it has been recorded on human history and games as being inextricably intertwined. An evidence resounding down through the ages that fun and games are not frivolous pursuits per se but they come naturally to us as essential parts of being alive. When you understand the evolution of games, you begin to enjoy the activity and the resounding happiness it gives. Action, strategy, War, Adventure and other genres of games get bigger in [&hellip;]
- [Soulja Boy Buys Crypto Bagging BNB, DGB, TRX, KLV, ZPAE and FDO](https://diutocoinnews.com/2021/01/soulja-boy-buys-crypto-bagging-bnb-dgb-trx-klv-zpae-and-fdo/): DeAndre Cortez Way better known as Soulja Boy Tell &#8216;Em or simply Soulja Boy, is an American rapper, songwriter, record producer, actor, streamer and entrepreneur. The CEO of Stacks on Deck, a music record label tweeted his new crypto portfolio today announcing his crypto fortune bags including BNB, TRX, DGB and others. Soulja Boy didn&#8217;t buy bitcoin per the list he shared. Chris Ani, a popular crypto teacher and trader in Africa commenting on the post asked in surprise why he didn&#8217;t buy Bitcoin for his new treasure bag. In what many other comments seem to be speculating on the profitability [&hellip;]
- [IMF Confirms Only 14 Countries (5 African Countries) that are Allowed to Issue Digital Currencies Under Existing Laws.](https://diutocoinnews.com/2021/01/african-countries-to-issue-digital-currencies/): The International Monetary Fund (IMF) has put out a report ascertaining the list of countries that are legally allowed to issue digital currencies. Among these 14 countries are 5 African Countries. These Africa countries include: Eswatini (Swaziland) – E-lilangeni Ghana – E-cedi Madagascar – eAriary Project Tunisia – E-dinar South Africa – Electronic Legal Tender The report highlighted that the report was created to specify the requirements that need to be met in order to issue a digital currency. About 80% of the world’s central banks are either not allowed to issue a central bank digital currency under existing laws, or [&hellip;]
- [Inter Madrid Breaks New Record; Signs David Barral, the First Footballer to be Transferred Using Bitcoin.](https://diutocoinnews.com/2021/01/inter-madrid-bitcoin/): The former Real Madrid striker broke the record as the first professional footballer in history to be transferred to a new club using bitcoin as the payment method.  The 37-year-old was transferred to  Segunda B side DUX Internacional de Madrid. The spanish side also popular known as Inter Madrid among the English. The tweet reads: &#8220;David Barral new player of DUX Internacional de Madrid, welcome to the infinite club! &#8220;He becomes the first signing in history in cryptocurrencies. Thanks to Criptan, our new sponsor, for making it possible.&#8221; Barral also tweeted: &#8220;Glad to join the project of @interdemadrid with eager ambition [&hellip;]
- [Bible Quotation Spotted on Bitcoin Block Number 666,666](https://diutocoinnews.com/2021/01/bible-quotation-spotted-on-bitcoin-block-number-666666/): A Biblical message was seen recorded in block number 666,666 of the Bitcoin blockchain: &#8220;Do not be overcome by evil…&#8221; A certain biblical message was seen encrypted in a transaction in block number 666,666 of the Bitcoin (BTC) blockchain. The message is a quotation from the sixth book in the New Testament, St.Paul&#8217;s epistle to the Romans. The message was first seen by @emzy@bitcoinhackers.org, it reads: “Do not be overcome by evil, but overcome evil with good &#8211; Romans 12:21.” The transaction in question saw an equal amount of Bitcoin — 432,100 satoshis ($160) — sent to two different addresses. The [&hellip;]
- [These Five Trends have Skyrocketed the Adoption of Bitcoin in Nigeria ](https://diutocoinnews.com/2021/01/these-five-trends-have-skyrocketed-the-adoption-of-bitcoin-in-nigeria/): Nigerians are well known for their ingenuity. Nigeria has the largest population on the African continent, yet it lacks sufficient formal employment opportunities for youth.&nbsp; The result is a country of entrepreneurs ready to adopt BTC. There are certain&nbsp; trends that has accelerated the adoption of&nbsp;cryptocurrency in Nigeria. These trends includes: Support for EndSARS Protests Protests for the disbandment of the special anti-robbery squad (SARS) peaked in the middle of the year 2020. The police unit stands accused of illegal killings, extortion and torture of innocent civilians: many of its victims were young men between the ages of 18 and 35. [&hellip;]
- [Is Zuga Coin Another Scam Crypto Token?](https://diutocoinnews.com/2021/01/is-zuga-coin-another-scam-crypto-token/): Since the debut launch of Zugacoin a crypto token launched after the name of it&#8217;s founder, Bishop Sam Zuga. The coin has received criticism concerning it&#8217;s legitimacy and authenticity. The Zuga Coin was reportedly created to help Nigerians and Africans to tackle poverty. This is synonymous with the language used by many crypto projected that existed scam across Nigeria and Africa. Meanwhile, since launch the coin traded over $40,000 before making a drastic drop to $200 in what many people criticised as an exist scam strategy.  Read Also: Pinkcoin Scam: EFCC Declares Pinkcoin Pioneer Wanted Over 32 Million Naira Fraud Following [&hellip;]
- [Wrapped Bitcoins Sharply Surpasses Bitcoin on Coinmarketcap](https://diutocoinnews.com/2021/01/wrapped-bitcoins-sharply-surpasses-bitcoin-on-coinmarketcap/): Bitcoin&#8217;s market capitalization briefly dropped today as Wrapped Bitcoin suddenly topped the rank gaining quadrillions of dollars in value.&nbsp; The wrapped bitcoin suddenly gained a huge market capitalization of about $430 quadrillion for a brief period. The total market capitalization during these few moments was over the total world money supply estimated at $1.2 quadrillion according to Rankred.com.&nbsp; Read Also: What is WBTC (Wrapped BTC) and How to Use Wrapped Coins to Bypass Bitcoin Network High Fees. Wondering how it would have happened? In what was recorded to be a glitch, the value of WBTC stayed on for few moments on [&hellip;]
- [2 Key Reasons Behind the Next DeFi Boom](https://diutocoinnews.com/2021/01/2-key-reasons-behind-the-next-defi-boom/): Data from Messari confirmed an increase in the number of DeFi tokens newly listed on the platform. In the past 30 days, the majority of tokens listed on the site’s DeFi Assets index have increased by more than 20%. These four, Maker&#8217;s MKR, Synthetic Network Token (SNX), Venus Protocol (XVS) and SushiSwap&#8217;s SUSHI gained the most during the same time frame.  From Jan. 1 to Jan. 9, following the drop in the bitcoin market capitalization, the decentralized finance sector saw its total value locked (TVL) rise from $15.678 billion to a record-high $23.092 billion.  Read Also: Top Blockchain DeFi Pools and [&hellip;]
- [Buy the dip? Bitcoin Price Drops as UK Ban on Crypto Derivatives Trading Takes Effect Soon](https://diutocoinnews.com/2021/01/buy-the-dip-bitcoin-price-drops-as-uk-ban-on-crypto-derivatives-trading-takes-effect-soon/): Bitcoin (BTC) market dropped heavily today losing up to $10,000 in few hours.&nbsp; The BTC price hits $30,250 from it&#8217;s previous $40,000+. Data from DiutoCoinNews Markets and TradingView showed BTC/USD dropping heavily losing its dollar value taking a 24-hour losses to over 20%. Bitcoin earlier before the drop reached an all-time high of $42,000 drawing the attention of numerous newbies into the crypto market. While the market was dropping some analysts were reportedly encouraging investors to ‘buy the dip&#8217; in numerous tweets while the market dropped down to $30,250 before correcting to $32,000+. Meanwhile the UK Ban on cryptocurrency derivatives trading [&hellip;]
- [Bitcoin Stays Strong at $40k, Is $50k Coming Soon?](https://diutocoinnews.com/2021/01/bitcoin-stays-strong-at-40k-is-50k-coming-soon/): Bitcoin has reached a new all-time High of $41,000 and has washed major sell orders down the drain in the past few days. This new ATH is coming after the mother of all cryptocurrencies blast past $41,000 wall yesterday, January 8 and retraced to the $39.5k range almost immediately it hit that price. The digital asset is showing no sign of slowing down even after hitting the “OVERBOUGHT” zone. The surge in bitcoins price can be attributed to a lot of factors. Firstly a lot of FOMO (Fear of missing out) is  going on. This is visible in the ecosystem as [&hellip;]
- [Flare Network Announces Litecoin Integration in Q2 2020 Following Spark Airdrop Date.](https://diutocoinnews.com/2021/01/flare-network-announces-spark-airdrop-date/): Flare Network announces Litecoin (LTC) integration in Q2 2020 highlighting the period for Spark Token Airdrop   Flare Networks has announced that it will soon be integrating Litecoin (LTC), the fifth-largest cryptocurrency.&nbsp; Flare Network said it will integrate LTC before its launch in the second quarter of 2021 prior to the Spark Airdrop. This new integration will enable smart contract functionality to the Litecoin blockchain, thus significantly making it possible to build decentralized application on its blockchain network. The Flare Network ecosystem has mapped out five billion Spark token (FLR)&nbsp; tokens for Litecoin holders. Ripple-backed Flare Networks airdrop 45.8 billion tokens [&hellip;]
- [Crypto Bigwig Elon Musk Now World’s Richest Man](https://diutocoinnews.com/2021/01/crypto-bigwig-elon-musk-now-worlds-richest-man/): A 4.8% surge in the electric carmaker’s share price at today’s forex trading session skyrocketed Elon Musk’s wealth valuation surpassing Jeff Bezos. The recent update unseats Jeff Bezos from the world richest rank making Elon Musk the world&#8217;s richest man. Elon is an inspirational leader in tech. Remember that the Nigeria government previously begged for ventilators from Elon Musk during the surge of COVID-19 in Nigeria. Elon Musk, the crypto Bigwig popularly known as a fan of Dogecoin, a celebrated entrepreneur behind Tesla Inc. and SpaceX, is now the world’s richest man. Quick Facts: He became the world&#8217;s richest man on [&hellip;]
- [Full Details: Binance Smart Chain Africa Tour 2021 Kicks Off in 5 Countries](https://diutocoinnews.com/2021/01/full-details-binance-smart-chain-africa-tour-2021-kicks-off-in-5-countries/): Binance has announced Binance Smart Chain Tour 2021 in 5 countries to educate and promote the Binance Smart Chain for developers to understand and build on it. The tour will be held across 5 countries across the continent with a total pool of over $2,500 ~ N1.117 million in naira to be won during the tour across the binance africa online communities. The community in Africa is conversant with the Ethereum Blockchain powered by the Ethereum Virtual Machine of which Binance Smart Chain (BSC) is also compatible with for building DApps and porting through the Ethereum network and the Binance Smart [&hellip;]
- [Ethereum's Bull party: Ethereum Steals the show as It Makes Over 50% Liquidating Shorters on Futures.](https://diutocoinnews.com/2021/01/ethereums-bull-party-ethereum-steals-the-show-as-it-makes-over-50-liquidating-shorters-on-futures/): As the world’s most popular cryptocurrency Bitcoin price surges past $34,000 for the first time, millions are showing great interest in adopting cryptocurrencies and Blockchain technology.&nbsp; The digital coin (Ethereum)has more than quadrupled in value since the start of 2021, with the currency’s total value now past $US600 billion ($A780).Bitcoin (BTC) has spiked nearly 22% in one week, but that spectacular gain is easily surpassed by Ethereum (ETH), the number two cryptocurrency by market cap. Ethereum’s gains in the same period have been nearly double that of Bitcoin, almost touching 59%.Over the past seven days, Ethereum has seen a rise in [&hellip;]
- [Over 10,000 New Students Joined the Crypto Community in Nigeria in 2020](https://diutocoinnews.com/2021/01/over-10000-new-students-joined-the-crypto-community-in-nigeria-in-2020/): The crypto community in Nigeria is growing at a steady rate in the country. The steroid growth in community was seen among students who signed up new crypto wallets to participate in airdrops. Per the info from Binance Campus Ambassadors cutting across Nigeria and Africa at large. Since 4th February 2020, the Campus Ambassadors has reached 10,000 students spanning through 30 campus webinars and 100+ AMAs monthly through the year. Aside the Binance Campus Ambassadors program geared towards students, another outstanding program was that drew students attention towards crypto education was the Tatcoin launch. In what makes up other numbers includes [&hellip;]
- [Don Jazzy tweets Bitcoin at $31,000, ‘A Dream Come True For Him’.](https://diutocoinnews.com/2021/01/don-jazzy-tweets-bitcoin-at-31000-a-dream-come-true-for-him/): The Bitcoin celebrity and top African record label owner tweets about Bitcoin at $30,000+ saying ‘Its a dream come true’. The tweet reads: “I had a dream that Bitcoin will hit 20k by end of 2020. Omo it’s at 30k plus now o”&#8217;  He is undoubtly a Bitcoin fan since 2020. He was seen making numerous tweets about Bitcoin and how he was also learning Bitcoin trading and forex markets. He has being seen with many other celebrities across the Bitcoin space in Nigeria and Africa at large.&nbsp; Top Bitcoin related tweets Made By Don Jazzy as seen by DiutoCoinNews started [&hellip;]
- [Top Blockchain DeFi Pools and Farms for High Yields in 2022](https://diutocoinnews.com/2021/01/top-blockchain-defi-pools-and-farms-for-high-yields-in-2021/): Many blockchain platforms under the decentralized finance offer high yield pools and farming options for it's community surpassing yields on investments done under the traditional way of finance.
- [Ethereum Market Capitalization Surpasses that of Nigerian Stock Exchange Market](https://diutocoinnews.com/2020/12/ethereum-market-capitalization-surpasses-that-of-nigerian-stock-exchange-market/): The world’s second largest cryptocurrency by market capitalization recently reached $700 in price and for the first time since 2018 surpassing Nigeria Stock Exchange Market Capitalization. Its present market value, $82.36 billion is bigger than many African stock exchanges, including the best performing Stock Market in Africa, Nigeria’s major stock exchange, valued at $53.5 billion (N20.279 trillion, Central bank exchange rate of N379). At the time of writing, Ethereum traded at $722.3, with a daily trading volume of $17.96 billion. Ethereum is down 2.20% in the last 24 hours. Read Also: Mastercard Partners JA Nigeria to Empower Youths with Digital Skills [&hellip;]
- [Near Protocol: Empowering Nigerian Business Owners](https://diutocoinnews.com/2020/12/near-protocol-empowering-nigerian-business-owners/): Being a Nigerian business owner is hard enough as you have many competitors doing exactly what you do and some even are doing better than what you can offer and if you can’t think of a way of making your business standout, then your business will be gone, we can all relate to this.&nbsp; Have you ever thought of improving your business by going digital? I guess not, since Nigeria has rudimentary knowledge on online marketing and online entrepreneurship. Well, to make things easy for you, let me tell you all about NEAR PROTOCOL and how they can make your business [&hellip;]
- [Introduction to the Future of Payments Report](https://diutocoinnews.com/2020/12/introduction-to-the-future-of-payments-report/): About a century ago, goods were paid for through a means called trade by batter, a phenomenon where commodities were exchanged for another.&nbsp; With time, means of payment has evolved from phases to phases. At a stage, we were so proud of purchasing goods with cash and not through the former means. Now, a couple of geniuses are at the forefront of transformation trade into a completely cashless economy.&nbsp; Many cashless payment means have surfaced in no time, we have the Visa and Mastercard, PayPal, Apple Pay and Alipay, we discovered that even with just a mobile phone we could purchase [&hellip;]
- [Staking On Near Protocol: Full Guide](https://diutocoinnews.com/2020/12/staking-on-near-protocol-full-guide/): All blockchains have something in common and that is the need for someone to validate transactions
- [Stablecorp Qcad Stablecoin Launches on Algorand Blockchain](https://diutocoinnews.com/2020/12/stablecorp-qcad-stablecoin-launches-on-algorand-blockchain/): An unprecedented Canadian dollar Stablecoin has settled for advancement, B2B transactions, and payment gateways in the Canadian crypto space appreciating at a good pace. 
- [Bitcoin Hits N11.8m ($25k) For the First Time in History Surpassing Visa Market Capitalization](https://diutocoinnews.com/2020/12/bitcoin-hits-n11-8m-25k/): The price of bitcoin (BTC) topped N11.8m Naira~$25,000 for the first time ever in history. This is just weeks after breaking $24,000 for the first time ever.
- [Bundle Africa Finally Launches it's Platform Token ‘Bundle Token’ (BXD)](https://diutocoinnews.com/2020/12/bundle-africa-finally-launches-its-platform-token-bundle-token-bxd/): Bundle Token finally went live on the Christmas day with an airdrop of 500 BXD to qualified Bundle users. 
- [Nigerian-Based Exchange Quidax Rolls Out Polygon Integration](https://diutocoinnews.com/2021/08/nigerian-based-exchange-quidax-rolls-out-polygon-integration/): Nigeria-based crypto exchange, Quidax has emerged with a Polygon blockchain integration, marking the first cross-border partnership in Africa in relation to Polygon. The Polygon integration will enable Quidax users to access a wide variety of projects built on the former&#8217;s ecosystem. The Nigerian-based crypto firm has also pledged to list the blockchain&#8217;s native token, MATIC, allowing its users to trade it alongside other cryptocurrencies existent on the platform. MATIC&#8217;s listing is very likely to expand Quidax&#8217; user base as new users scramble to buy and sell the crypto-asset with either stablecoin USDT or Quidax&#8217;s QDX tokens. Coming on the heels of [&hellip;]
- [Governor Of South African Apex Bank Argues that 'Crypto Not A Currency'](https://diutocoinnews.com/2021/08/governor-of-south-african-apex-bank-argues-that-crypto-not-a-currency/): Governor of South Africa&#8217;s Reserve Bank (SARB), Lesetja Kganyago has revealed his stance on cryptocurrencies, adding to the myriad of critical comments about them. He argued that they are not currencies given that their features fall short of the requirements of a currency. Still, governor Kganyago&#8217;s position reiterates the existing opinion of South Africa&#8217;s apex bank about Bitcoin and other crypto-assets.&nbsp; At a Saturday dialogue with Mills Soko, a professor at South Africa-based Wits Business School, the central bank governor noted that cryptocurrencies are merely crypto assets and need to pass three litmus tests before they can be regarded as a [&hellip;]
- [Bilaxy Crypto Exchange Hacked, Users Urged Not To Deposit As Hacker Took Control Of ERC20 Wallet.](https://diutocoinnews.com/2021/08/bilaxy-crypto-exchange-hacked/): Bilaxy, a Seychelles-based crypto exchange, announced on Sunday that its ERC20 hot wallet has been hacked, resulting in a heavy loss. Though the exchange is lesser-known one, the hack could be one of the largest seen in the industry. The exchange did not officially reveal the magnitude of the hack, but, according to many estimates reported by financial magnet, hackers siphoned around $450 million in digital assets. The exchange first informed its users about the hack on its Telegram channel, detailing that it suffered a ‘serious hack’ between 6 pm and 7 pm UTC on August 28. Additionally, it revealed that the hackers [&hellip;]
- [Central Bank Of Nigeria to Launch E-Wallet, Nigerian Banks, Others To Follow Soon.](https://diutocoinnews.com/2021/08/cbn-to-launch-e-wallet/): The Central Bank of Nigeria announced that eNaira cryptocurrency will launch on a digital wallet called Speed wallet This according to the Central Bank will enable the apex banking regulatory body to meet it’s October 1st timeline. The wallet is not built to compete with existing banks but serve as a means to transact value, pending when banks and other innovators can provide their own wallets.&nbsp; Nairametrics reported that the CBN sent a presentation to banks about the eNaira project releasing more details and guidelines about the project to banks. According to the presentation, the apex bank said the e-Naira would [&hellip;]
- [Central Bank Of Nigeria Designs Strategies To Nigerian Banks On e-Naira](https://diutocoinnews.com/2021/08/central-bank-of-nigeria-designs-strategies-to-nigerian-banks-on-e-naira/): The Central bank of Nigeria has recently sent a presentation to Nigerian banks on the development of the e-Naira project, The presentation covered a detailed explanation of how the eNaira would be constructed, administered and its operational module. According to the report, the eNaira is a legal tender for the gross country, also mentioning that it will possess a transaction limit for customers, a value-based transaction and a Non-interest-bearing CBDC status To take hold of this new development the central bank has passed, and aid mass adoption of the e-naira, banks will have to stimulate customers and change the narrative about [&hellip;]
- [Nigerians in Diaspora Now Remits Fund Through Cryptocurrency As Official Remittance Falls by $6 Billion.](https://diutocoinnews.com/2021/08/diaspora-remittance-falls/): Are Nigerians and in diaspora using cryptocurrencies to bypass a struggling naira when they send money home to support family or start an investment? Do Nigerian Central Bank seems to think so ? Is that the reason for launching an e-naira to compete with Bitcoin and altcoins from October ? Many nagging questions have continued to bother stakeholders and the apex regulatory bank on why Naira has continued to spiral downwards despite numerous policies to push up Naira. Diaspora remittance inflow into Nigeria declined by a consequential 27% to $17.2bn, down from $23.5bn last year according to statistics from National Bureau [&hellip;]
- [Okex $10 Million Metaverse Development Initiative To Hasten Metaverse and Gamefi Projects On Okexchain.](https://diutocoinnews.com/2021/08/okex-metaverse-projects/): Out of the growing sectors in the NFT market, Metaverse Virtual Reality and GameFi projects are attracting a growing number of users as the concrete satisfaction provided by these services continue to attract diverse segments of the population.&nbsp; Game Defi has evolved; users can play and earn profit at the same time. The games are retailed in native tokens of the Defi and winners also earn and redeem profits in the native cryptocurrency. Here, Axie infinity AXS ( retail token SLP) and Steph Hero HERO( retail token STEP) are taking the lead. Okex GameFi Supports Step Hero Okex Blockdream Ventures, the [&hellip;]
- [Will Africa Play A Significant Role In Cardano's Growth?](https://diutocoinnews.com/2021/08/will-africa-play-a-significant-role-in-cardanos-growth/): Cardano (ADA) has been on a rising beam in the last few weeks, creating a new all-time high and almost leaping beyond the $3 price mark. The catalyst driving the growth of the third-largest cryptocurrency is the scheduled Alonzo upgrade aimed at introducing smart contract functionality on the blockchain. While the upgrade has been in the works since May, the announcement of the actual date for the launch of the main net is the linchpin for ADA&#8217;s growth. Since its creation, Cardano has prided itself as an Afrocentric project. Input-Output Hong Kong (IOHK), Cardano&#8217;s parent company has been significantly involved in [&hellip;]
- [15% of South African Adults Own Cryptocurrency, Finder Survey Reveals](https://diutocoinnews.com/2021/08/15-of-south-african-adults-own-cryptocurrency-finder-survey-reveals/): Last year, a report emerged from Chainalysis, an on-chain analytics firm that crypto adoption was spreading through Africa. The report also noted that Africa had the smallest crypto economy among all the regions surveyed. As of time the report was released, Africa had pooled $8.0 billion in transaction volume and $8.1 billion for on-chain transactions.&nbsp; Finder, an online poll platform, issued another report on August 23, which contained the result of a poll conducted to assess global cryptocurrency rate. About 42,040 respondents in 27 nations were interviewed, with each country represented by between 1,160 and 2511 participants. However, African was only [&hellip;]
- [Cuba Is Th Newest Country To Authorise And Regulate The Use Of Cryptocurrencies.](https://diutocoinnews.com/2021/08/cuba-authorises-the-usage-of-cryptocurrency/): Cuba&#8217;s government said on Thursday it will recognise and regulate cryptocurrencies for payments on the Carribean island. A resolution published in the Official Gazette said the country&#8217;s Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba. It comes as the Central American nation of El Salvador prepares to officially recognise the use of Bitcoin as a way to encourage remittances from its citizens living abroad when its crypto law comes into effect on September 7. The Cuban resolution, which will come into force on September 15, regulates &#8220;the use of certain virtual assets [&hellip;]
- [FBI Trains 50 Nigerian Investigators On Ways To Combat Cryptocurrency Frauds.](https://diutocoinnews.com/2021/08/fbi-trains-nigeria-investigators/): International Computer Hacking &amp; IP Attorney Advisers (ICHIP) in Addis &amp; Abuja together with FBI organized a cryptocurrency basics webinar for more than 50 investigators &amp; prosecutors in Nigeria on ways to combat cryptocurrency related frauds and monitor money laundering activities. The virtual webnair event was contained in a tweet posted via the verified Twitter account of the U.S. Department of Justice on Thursday. The training, which was held virtually, focused on enhancing the capacity of Nigerian investigators to investigate cryptocurrency. The webinar was a collaboration with the Federal Bureau of Investigations, the U.S. Embassy in Kenya Addis Ababa, the U.S. [&hellip;]
- [What Powers Fintech Explosion in Nigeria ?](https://diutocoinnews.com/2021/08/what-powers-fintech-in-nigeria/): Despite what industry stakeholders describe as government unstable regulatory policies on fintech, investment in the fintech sector continues to attract new investors. In this article culled from Financial Post, Neil Munshi went to the streets of Lagos rated as the Fintech Hub of Nigeria to feel the pulse and heart beat of what drives the industry. Down an alley off Kukawa Street in Lagos Island, across from a building abandoned mid-construction, Paulo Communications does a brisk trade. On an average day, dozens of customers walk past fried food and fresh fruit stands to visit his street-side shop and top up their [&hellip;]
- [OKX Expands Support In Growing Non Fungible Token Space; Lists More NFT Native Tokens. ](https://diutocoinnews.com/2021/08/okx-support-nft/): OKX, world leading cryptocurrency spot and derivative exchange, is throwing its weight behind performing and emerging NFT platforms as it expands the list of  NFT native tokens on it&#8217;s exchange.  Non-fungible tokens continue to redefine the way collectibles like artwork, memorabilia, games, audiovisual contents and of recent the emergence of metaverse virtual reality are created, marketed, sold and used.&nbsp; OKEx offers a diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. OKEx provides a platform for the rapidly growing NFT space to enable investors to trade their NFT native [&hellip;]
- [Nature Conservation; Rare Seychelles Birds Sold as Collectibles on Zero Carbon Blockchain.](https://diutocoinnews.com/2021/08/nature-conservation-rare-seychelles-birds-sold-as-collectibles-on-zero-carbon-blockchain/): Nature Seychelles is making digital collectibles of a rare bird in the hope of finding a new way to raise money. Currently, only tokens for the bird named Magpie-robin exist, but it is conceivable that in the near future, many other species may be ‘digitised’ into NFT collectibles, which can be traded for others or sold for cash. Nature Seychelles, an environmental conservation NGO in the Seychelles, is making digital collectibles of a rare bird in the hope of finding a new way to raise money. The Seychelles Magpie-robin is a rare bird species with current estimates placing the population at [&hellip;]
- [Top High Paying Crypto Jobs to Make Money.](https://diutocoinnews.com/2021/08/top-high-paying-crypto-jobs-to-make-money/): In a world where the rate of unemployment is on the rise, particularly in Nigeria, where the rate of unemployment has increased to 33% from 27.1% in the second quarter of 2020. Blockchain and Cryptocurrency have successfully created wealth and jobs for lots of people across the world. Bitcoin and the underlying technologies have been on the top of their game at creating employment for most people with some specific skill sets. It has created high-income jobs that are remote-friendly, have flexible working times, are transparent and less rigorous, and a very important point is that the required skill sets are [&hellip;]
- [Don't Sell Forex ! CBN Warns Microfinance Banks.](https://diutocoinnews.com/2021/08/cbn-warns-microfinance-banks/): The Central Bank of Nigeria (CBN) has cautioned microfinance banks in the country to stop engaging in foreign exchange transactions and other unauthorised dealings, the apex bank made this known over the weekend in a circular titled ‘Cessation of Non-Permissible Activities by Microfinance Banks’ issued by Ibrahim Tukur from the CBN’s Financial Policy and Regulation Department. “The Central Bank of Nigeria (CBN) has observed the activities of some Microfinance Banks (MFBs) that have gone beyond the remit of their operating licenses by engaging in non-permissible activities especially wholesale banking, foreign exchange transactions and others,” the circular read. “Given the comparatively low [&hellip;]
- [South African Man Loses 20 BTC Worth $900,000](https://diutocoinnews.com/2021/08/south-african-man-loses-20-btc-worth-900000/): Bitcoin has a supply cap of 21 million, around 18.7 million circulating supply of the asset is currently being held by miners on the network, Bitcoin investors, including those who have lost theirs forever.&nbsp; In a recent episode of Lost Bitcoins, Mark Michaels, a South African man based in Pretoria is the victim, after losing 20 BTC estimated at $900,000. According to reports, Michaels, an electronics engineer, accidentally deleted the private keys to the wallet where the Bitcoins were stored. Narrating the unfortunate incident, 24-year-old Michaels stated that he had mined that amount of Bitcoin 10 years ago when he was [&hellip;]
- [Nigeria Crypto P2P Platform Among Eight Performing African Fintech Start-ups Selected For Investment Fund Programme.](https://diutocoinnews.com/2021/08/nigeria-crypto-platform-selected/): Eight African fintech startups have been selected to participate in the latest edition of the GreenHouse Lab Accelerator with one Nigeria crypto exchange fintech startup making the mark. The accelerator, which is the first-ever pan-African fintech accelerator is an initiative by GreenHouse Capital, a Lagos-based fintech investment fund and platform focused on supporting early-stage startups and entrepreneurs building the next wave of innovative technology companies. Participating startups will receive $10, 000 direct investment from GreenHouse Capital and be eligible for additional $50, 000 if they go on to be accepted into a top global accelerator. The list of the selected startups [&hellip;]
- [Bitcoin Breaks Into $50,000 Zone Again, After Months of Free Fall.](https://diutocoinnews.com/2021/08/bitcoin-back-at-50000/): Bitcoin storms back above $50,000 on Monday for the first time in three months as cryptocurrency continues to rebound amid investors return to bargain-buying. Bitcoin hit an all-time high over $64,000 in April but sold off heavily in June and July, even dipping below $30,000. But since mid-July, bitcoin has been on a steady rise. The unit climbed around two percent to $50,249.15, its highest since mid-May, when it began tumbling on a range of issues including China’s crackdown on cryptocurrencies and Tesla boss Elon Musk’s decision to stop accepting it on concerns about the environmental impact of mining. It has [&hellip;]
- [NITDA Slaps Loan App With 10 Million Naira Fine Over User Privacy Infractions.](https://diutocoinnews.com/2021/08/nitda-fines-soko-loan/): NATIONAL Information Technology Development Agency (NITDA) has imposed a sanction of N10 million on an online lending platform, Soko Lending Company Limited (Soko Loans), over data privacy invasion. This was disclosed in a statement by NITDA made available to&nbsp;the press&nbsp;on Tuesday that the sanction followed several complaints filed by some customers of Soko loans. According to NITDA, it received a series of complaints against the company for ‘unauthorized disclosures, failure to protect customers’ personal data and defamation of character. NITDA said its investigations showed that Soko Loans grants its customers uncollateralised loans and requires a loanee to download its mobile application [&hellip;]
- [Will You Use a Facebook Crypto Wallet ?](https://diutocoinnews.com/2021/08/will-you-use-facebook-crypto-wallet-2/): Earlier in the week, social media giant Facebook announced that it&#8217;s cryptocurrency wallet Novi is ready to be launched. It&#8217;s tentacles in social media terrain cuts across the imaging app Instagram, through Text messaging app WhatsApp to Facebook the giant multimedia social platform. According to press release on Facebook website, it has a total of 2.8 billion active users from January 2021 to August 2021. Instagram recorded over a billion active users while WhatsApp has a total 2 billion monthly active users. The entrance of Facebook into cryptocurrency service providing platform will spell breakthrough adoptions for cryptocurrency, if billions of it&#8217;s [&hellip;]
- [Bitcoin Rises 5%, Surges To $50,000.](https://diutocoinnews.com/2021/08/bitcoin-surges-to-50000/): Bitcoin rose 5.01 % to $49,106.4 on Friday, adding $2,342.1 to its previous close. Cryptocurrencies are ending the week on a strong note as bitcoin broke above $49,000 for the first time since May. The world’s largest cryptocurrency is up about 5% over the past 24 hours and could face resistance near $50,000-$55,000  Bitcoin, the world&#8217;s biggest and best-known cryptocurrency, is up 77.4% from the year&#8217;s low of $27,734 on Jan. 4. Ether , the coin linked to the ethereum blockchain network, rose 3.03% to $3,281.82 on Friday, adding $96.64 to its previous close. On Thursday, Coinbase announced that it will purchase more [&hellip;]
- [Binance Begins Mandatory KYC For All Services.](https://diutocoinnews.com/2021/08/binance-begins-mandatory-kyc-for-services/): Cryptocurrency exchange company Binance announced that henceforth, users of all categories of it&#8217;s services and products are mandated to undergo and update KYC registrations in light of evolving global compliance standards. Effective immediately, all new users are required to complete Intermediate Verification to access Binance products and service offerings, including cryptocurrency deposits, trades and withdrawals. Existing users who have yet to complete Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption. This will be carried out in phases to minimise user-experience disruption, from now through 2021-10-19 00:00 AM (UTC). Existing users will be [&hellip;]
- [As World Crypto Adoption Jumps to 880%, In Africa Kenya Tops Nigeria Again.](https://diutocoinnews.com/2021/08/kenya-tops-nigeria-in-crypto-adoption/): Data from Chain Analysis Global 2021 Cryptocurrency Adoption Index shows a huge 880% leap in worldwide cryptocurrency adoption. In Africa, Kenya took the lead in all the indices measured by Chain Analysis for cryptocurrency adoption in emerging markets, displacing Nigeria from it&#8217;s leading position in P2P transactions and mainstream crypto usuage in terms of growth in adopting cryptocurrency as a means of payment. The individual weighted metrics feeding into global crypto adoption index measured shows that Kenya is leading in Africa in the following indices; on-chain value received, on-chain retail value received and P2P exchange trade volume. In the published insight [&hellip;]
- [Kenya and Ghana Coinbase Users To Buy Crypto and Withdraw Cash With Debit and Credit Cards.](https://diutocoinnews.com/2021/08/coinbase-supports-cards-payments-in-kenya-ghana-2/): Coinbase, America&#8217;s largest crypto exchange by volume and user base, announced that it is now permitting customers from Kenya and Ghana to purchase crypto via their debit and credit cards. This latest announcement comes after the exchange made it public that it is expanding its service and products outside the United States in 2021. Currently, Coinbase charges a flat fee of 0.5% on all crypto conversions via its wallet for both buying and selling via the exchange. Coinbase is yet to enter Nigeria cryptocurrency market. Nigeria according crypto ecosystem indications is leading in Africa in the volume of trade and overall [&hellip;]
- [Nigeria Tech Ecosystem Stakeholders Kick Against New Proposed NITDA Bill.](https://diutocoinnews.com/2021/08/tech-operators-kicks-against-nitda-bill-2/): Operators have raised concerns about some aspects of the proposed National Information Technology Development Agency (NITDA) Act. describing it as ambiguous and may require further consultation before it becomes an Act. Largely, the proposed bill wants technology companies operating in Nigeria to get a license, pay pre-tax profit levies, and NITDA will be able to sanction whoever (person or company) that operates contrary to the new Act’s provisions. &nbsp;For instance, Section 6, 13, 20, 21, and 22, which talked about NITDA’s power, licensing and authorisations, and offences and penalties, among others, raised some pertinent issues. Section 6 arrogated new powers to [&hellip;]
- [Central Bank of Nigeria CBN, Freezes Operations of Local Fintechs.](https://diutocoinnews.com/2021/08/cbn-freezes-operations-of-fintechs/): Accounts belonging to fintech platforms; Risevest, Bamboo, Chaka, and Trove have been frozen by the Federal High Court in Abuja on a lawsuit filed by CBN against them claiming that they are responsible for making Naira weaker to US dollars. The temporary operational ban CBN source claims will last for 6 months to enable CBN investigate the unauthorized use of forex by the platforms for purchase of foreign bonds, shares and savings in forex for it&#8217;s Nigerian users. According to Techcabal, the Federal High Court in Abuja has granted an exparte motion which sought temporary freezing of bank accounts belonging to [&hellip;]
- [Report Your Crypto Payments, South Africa Revenue Service Warns Businesses.](https://diutocoinnews.com/2021/08/report-your-crypto-payments-south-africa-revenue-service-warns-businesses/): Failure to declare payments from any form of cryptocurrency business can attract penalties upto to jail term according to South African Revenue Service SARS. All cryptocurrency transactions must be declared on tax returns, whether you bought any cryptocurrency, or exchanged cryptocurrency for another cryptocurrency. Taxpayers are also required to state if they mined cryptocurrency. Thomas Lobban, a legal manager at a local tax consultancy firm, Tax Consulting South Africa, admits that many crypto traders are not aware of the extent of their tax liabilities. Some taxpayers have received audit letters that request that they provide reasons for their cryptocurrency investments, and [&hellip;]
- [Kenya Clamps Down Crypto Trading Platform FXBitInvest.](https://diutocoinnews.com/2021/08/kenya-clampdown-crypto-trading-platform-fxbitinvest/): Kenya&#8217;s Capital Market Authority ( CMA) has warned investors to desist from investing with FXBitInvest, an online cryptocurrency trading platform. CMA, the independent Kenyan government capital market licensing, monitoring and regulatory body noted that Ponzi like promises by FXBitInvest of over 1000 leverage, bogous 400% return investments on a product within 6hours and non compliance with KYC, as the platform promises customers immediate trading within 40 seconds without KYC registration as worrisome, suspicious, and a precursor for scam and money laundering. According to CMA, the company is closely linked to three people identified as Hassan Juma, Geoffrey Koome, and an unnamed [&hellip;]
- [Binance Announces New P2P Payment Options for African Countries.](https://diutocoinnews.com/2021/08/binance-p2p-payment-options-for-african-countries/): One of the leading cryptocurrency exchange platforms, Binance has introduced new P2P payment channels for African countries to provide easier options and manage risks security issues. Binance P2P has now added Moov Money, Orange Money, MTN Mobile Money and Tigo Money to the list of available payment methods for buying and selling crypto in Africa. This allows users to trade crypto and receive or send money via the above payment methods. The crypto exchange P2P now supports over 150 payment methods and 49 fiat currencies. With Africa toping in volume of P2P transactions, it has become imperative to introduce more options to [&hellip;]
- [Searching For a Job in Cryptocurrency ?](https://diutocoinnews.com/2021/08/searching-for-a-job-in-cryptocurrency/): Do this to have an edge. Follow this Morgan Smith of CNBC tips to stand out. If you&#8217;ve ever been curious about digital money, bitcoin billionaires or NFTs, now is the perfect time to apply for a cryptocurrency job. Interest in cryptocurrency has grown over the past year, and companies are actively recruiting candidates with varying skills and experience levels to meet the demand.  There are thousands of open cryptocurrency roles across LinkedIn and Monster in engineering, marketing, accounting and other specialties. Fortune 500 companies like JPMorgan Chase, Amazon, Apple and PayPal are also hiring for cryptocurrency positions.&nbsp; So what does it [&hellip;]
- [NGO (Non Governmental Organization) to Use  Cryptocurrency Vouchers for Aid Delivery in Kenya, Ethiopia.](https://diutocoinnews.com/2021/08/ngo-to-use-cryptocurrency-vouchers-for-aid-delivery-in-kenya-ecuador/): International humanitarian organization&nbsp;CARE has launched pilot programs in Ethiopia and Kenya to test how blockchain and cryptocurrency technology might improve aid delivery to women and women’s groups in particular. The projects will distribute cryptocurrency-based vouchers that can be redeemed&nbsp;for goods or services. CARE is still determining whether to use a card-based system or mobile wallets, but either way, the expectation is that this approach will save the organization time and money. Because blockchain — the technology that underpins cryptocurrency — offers a decentralized system of record keeping for transactions, these vouchers will be easier to track with less potential for fraud. [&hellip;]
- [What is the Effect of US Infrastructure Bill On Cryptocurrency ?](https://diutocoinnews.com/2021/08/us-infrastructure-bill-on-cryptocurrency/): Over the past week, discussions among cryptocurrency users and industry experts centred a great deal, on how US infrastructure bill&#8217;s target to introduce series of taxations on cryptocurrency operations will affect cryptocurrency ecosystem. The bills seeks to make cryptocurrency brokers, and developers to report all profits for taxations. Critics of the bill termed it disastrous, while optimist believe that the bill is giving credence to adoption of cryptocurrency as a mainstream industry in financial economy. Jack Dorsey of Twitter Inc, who offered what he termed &#8220;workable simplification&#8221; tweeted, &nbsp; “Forcing reporting rules on Americans who develop software and hardware, who mine [&hellip;]
- [CNN Ventures Into Non Fungible Token (NFT)](https://diutocoinnews.com/2021/08/cnn-non-fungible-token-nft/): Set to Drop Vault by CNN Today. CNN, the Time Warner Cable news network announced that it will be opening it&#8217;s archives to digital collectors starting today, August 12 at 1:pm ET. Among other videos, it will feature videos of the very first launch of space shuttle. The news network is venturing into the growing NFT space with a new offering called, &#8220;Vault by CNN.&#8221; Earlier in June, CNN announced plans that it will foray into NFT market. The company will “mint” NFats on the Flow blockchain of memorable moments from CNN’s 41-year history. It will then sell them to the public as digital collectibles. [&hellip;]
- [On the Sporting Scene; Messi to Receive Part of his New PSG $35 Million in Fan Token.](https://diutocoinnews.com/2021/08/messi-to-receive-35-million-psg-fan-token/): According to Reuters report, soccer star Lionel Messi&#8217;s signing on fee at Paris St Germain includes some of the French club&#8217;s cryptocurrency fan tokens, in the latest big name endorsement of new digital asset. The Argentine, 34, left Spanish side Barcelona and signed a two-year contract with Qatari-owned Paris St Germain (PSG), with an option for a third year, on Tuesday. Confirming an exclusive Reuters report, PSG said on Thursday the tokens were included in his &#8220;welcome package,&#8221; which media reports have estimated at 25-30 million euros ($29-35 million). The club did not disclose the proportion of tokens in the package, [&hellip;]
- [The Biggest Crypto Heist; Poly Network Hackers Ready To Return Loot.](https://diutocoinnews.com/2021/08/poly-network-hackers-ready-to-return-loot/): The invisible poly network hacker who stole over $600 million cryptocurrency funds has announced his willingness to return the loot. According to Etherscan, at about 4:00 am UTC, on Wednesday, the hacker sent an Ethereum transaction to themselves stating that they are ready to return the fund in a message embedded in transaction message. In a follow-up message, the hacker requested for a multisig wallet address to return the funds to Poly Network. &#8221; Failed to contact the poly, need a multisig wallet from you&#8221; the message ended. Earlier today, Poly Network provided three separate wallet addresses through it&#8217;s Twitter account [&hellip;]
- [Nigeria's Former Senate President Calls For Fintech Expansion, Job Creation.](https://diutocoinnews.com/2021/08/nigerias-former-senate-president-calls-for-fintech-expansion/): Former governor of Kwara State and past senate president, Dr. Abubakar Bukola Saraki,  said that, with over 33.3 per cent or 23 million of Nigeria’s working-age population out of work, Nigeria must begin to look into how to create more job opportunities for young Nigerians using FinTech. Dr Bukola Saraki made this known at the 3rd edition of Grow Nigeria Conversation, with the theme : &#8221; Using Fintech to Create Opportunities, Employment and Wealth&#8221;. He noted that beyond facilitating core financial transactions and increasing financial Inclusion among banked and unbanked, fintech is fast penetrating several sectors like, agriculture, transportation, healthcare, education, [&hellip;]
- [OKEx Launches Super Affiliate Program](https://diutocoinnews.com/2021/08/okex-launches-super-affiliate-program/): Are you a KOL or content creator in the crypto space? Do you want to boost your earning by introducing traders to OKEx? Join the OKEx Super Affiliate Program and earn upto 60% lifetime commission on every trade from your invitees.&nbsp; What is this program? OKEx is proud to introduce the Super Affiliate Program to influencers in Africa. This program is designed to promote brand awareness of OKEx in Africa. As an OKEx Affiliate, you can create unique referral links that invite your audience to register and trade, you’ll have the chance to earn a steady stream of passive income and [&hellip;]
- [Poly Network Hack: Tether Freezes 33 Million USDT.](https://diutocoinnews.com/2021/08/poly-network-hack/): Not less than $611 million were stolen in this hack. Poly Network has suffered what appears to be the biggest DeFi hack in the cryptocurrency ecosystem. The cross-chain&nbsp;decentralized finance Network has lost more than $611 million as the result of the exploit.&nbsp;The figure makes this the biggest DeFi hack to date. The hacker behind the attack has transferred the stolen assets to addresses on&nbsp;Ethereum, Binance Smart Chain, and&nbsp;Polygon. Since Poly Network ensures interoperability between different blockchains, it&#8217;s hard to estimate the whole scope of the hack. Japanese aggregation protocol O3 Swap&nbsp;has put its cross-chain functionality on hold&nbsp;because of the hack. Poly [&hellip;]
- [Kenya To Become First in Africa To Officially Adopt Mainstream Crypto Payments](https://diutocoinnews.com/2021/08/kenya-to-adopt-crypto-payments/): Pilot scheme of Musician Akon&#8217;s Akoin Completed After a successful pilot phase since November 2020, Akoin is now set for a countrywide rollout in Kenya following months of testing. Mwale Medical Technology City (MMTC), a smart city building out in Butere, Western Kenya, East Africa, has been the testing ground for the pilot phase of the project. MMTC is building a 5,000-bed capacity hospital and was used to test payments using the Akoin cryprocurrency. According to Julius Mwale, the projects principal investor, the city has 35, 000 residents and 2, 000 merchants all who were targeted by the pilot. The pilot [&hellip;]
- [Over N20.2 Billion Exchanged in Bitcoin P2P in Nigeria in July.](https://diutocoinnews.com/2021/08/over-40-million-exchanged-in-bitcoin-p2p-in-nigeria/): Statista reports on Bitcoin peer-to-peer trading has shown that nearly N20.2 billion worth of Bitcoin was moved in the last 30 days by Nigerian Bitcoin investors. The figure aligned with Nigeria continuous growth in P2P crypto transactions since government financial apex regulator put restrictions on financial institutions from providing their services for crypto transactions. The absence of financial institutions in the trading sector of the asset gave rise to the need for an alternative method of trading—P2P— Peer to Peer. Data from the analytics platform, UsefulTulips, revealed Nigerian fiat currency (Naira) was the most traded for BTC in the last 30 days [&hellip;]
- [Daniel Irabor Leaves OKEx Citing Personal Reasons.](https://diutocoinnews.com/2021/08/daniel-irabor-leaves-okex/): Daniel Irabor, the business development manager for Africa at OKEx.com, one of the most widely used cryptocurrency trading platforms in Nigeria has left the company after a year of successful work done. Irabor joined OKEx.com in 2020 during the pandemic era. OKEx.com became a household name afterwards following the binance debut in Nigeria and Africa.&nbsp; “I was the brain behind the hosting and execution of the event held in the Federal Capital Territory in March of this year, which was the first time OKEx publicly put itself out there and the event fostered a working relationship between the OKEx brand and [&hellip;]
- [Fintech Nigeria; Analysis of CBN Latest Regulations on Mobile Money.](https://diutocoinnews.com/2021/08/cbn-latest-regulations-on-mobile-money/): The Central Bank of Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria (“the new guidelines”). Since 2015, when the last regulatory changes were made using the old guidelines, mobile money operators have evolved to some extent with the surge in financial solutions driven by technology. Ibrahim Moshood of Centurion Law Group summarily analysis the pros and cons of this updated regulations. The new guidelines released on 9 July 2021 have made some additions to the 2015 framework which are highlighted below: Scope The new guidelines provide a robust coverage of the [&hellip;]
- [Cryptocurrency Market Value Races to $2 Trillion.](https://diutocoinnews.com/2021/08/cryptocurrency-market-value-races-to-2-trillion/): Ethereum gains 20% rise in price. Ethereum Upgrade &#8220;London&#8221; goes Live The Ethereum upgrade codenamed London went live today accelerating the the volume of trade resulting in 20% price increase, with Bitcoin still coasting at little over $40,000 price. With Ethereum pushing $3,000 price, other other cryptocurrency price also experienced growth pushing the recent $1.2 trillion July lows to a near $2 trillion market price volume. Will ethereum flip bitcoin as world&#8217;s biggest crypto by value ? According toTim Sabanov, the chief technology officer at Scotland-based bitcoin and crypto platform Zumo, said in emailed comments ahead of ethereum’s scheduled upgrade to [&hellip;]
- [Uruguay Senator Introduces Bill To Adopt Cryptocurrency as a Means of Payment.](https://diutocoinnews.com/2021/08/uruguay-introduces-cryptocurrency-bill/): A senator from Uruguay has introduced a bill on the floor of the country&#8217;s senate to adopt cryptocurrency as a means of payment and regulate crypto use in the South American country. The bill, presented on Tuesday by Senator Juan Sartori seeks &#8220;legal, financial and fiscal security in the business derived from the production and commercialization” of cryptocurrencies. He explained that the bill do not accept cryptocurrency as a legal tender. If the bill becomes law, the government will issue cryptocurrency exchange companies license to operate in the country and will enable companies to trade crypto assets on exchanges available in [&hellip;]
- [What to Know About Cryptocurrency Day Trading.](https://diutocoinnews.com/2021/08/what-to-know-about-cryptocurrency-day-trading/): Before the advancement of internet as part of nitty-gritty of financial technology, security, stock, bonds, etc trading used to be exclusive to trading houses like Stock Exchange or brokerage firms and banks who accept profit deposits from trading. Now, with just an app you not only buy and trade stocks and it&#8217;s accessories in Nigeria, you can also purchase international stocks from any part of the world. Likewise cryptocurrency, whose trading came global ready. Cryptocurrency trading can be a lucrative source of income as long as you execute your strategies correctly. The market ecosystem offers some edge above conventional stock day [&hellip;]
- [Living in Dubai ?](https://diutocoinnews.com/2021/08/living-in-dubai/): Finding it Difficult to Save and Send Money Home ? Dubai approved cryptocurrency exchange to provide less fee to free transfer of money for UAE migrant workers. Dubai and the rest of UAE will soon open one of the three approved or licensed cryptocurrency exchange platforms to operate in the desert tourist nation. This is a boost for financial inclusion for millions of foreign workers who make up most of the region labour force. As one of the six licensed cryptocurrency exchange by UAE government gets ready to launch it&#8217;s platform, migrants could use online wallets to send remittance home at [&hellip;]
- [FBI Jumps Into the Alleged South African Mirror Trading Crypto Scam in 2020](https://diutocoinnews.com/2021/08/fbi-mirror-trading-crypto-scam/): The Federal Bureau of Investigation is joining investigators into one of the largest alleged crypto scams of 2020. Investigations into the notorious South African company Mirror Trading International (MTI) Bitcoin (BTC) Ponzi scheme — are now engaging the United States Federal Bureau of Investigation. MTI, went into provisional liquidation in December 2020. After the cautionary press release in August from FSCA South Africa, the platform claimed to have over 260,000 members across 170 countries with a funding of around R2.9billion. It had first caught regulators’ attention in Texas, USA back in July of last year, where its operations were quickly shut [&hellip;]
- [P2P trading on OKEx and It's Perks.](https://diutocoinnews.com/2021/08/p2p-trading-on-okex-and-its-perks/): CryptoCurrencies are closer to everyone now than it has ever been, people are starting to see the benefits in blockchain and its use-cases.&nbsp; The skill to know when to buy and sell crypto assets is one of the most sought after at the moment, the skill can be acquired on a top trading site like OKEx. There is a designated part to cater for newbies.&nbsp; The beauty of any crypto is in the fact that it has value in fiat (local currency), regardless of the number of coins and tokens in circulation, the value in fiat makes it valid in the [&hellip;]
- [Despite Draw Backs from Govt., Nigeria Crypto Adoption on Steady Increase.](https://diutocoinnews.com/2021/08/crypto-adoption-on-steady-increase-in-nigeria/): Nigeria cryptocurrency adoption continue to grow despite central bank of Nigeria directives alienating banks and other financial institutions from engaging in cryptocurrency transactions. The end of July report from statista showed that P2P trade volume for Bitcoin posted another increase. Data from Google trends shows that Nigeria maintains it&#8217;s rank as number 1 by search interest for keywords &#8220;Bitcoin&#8221;. Naira P2P transactions also increased in 2021, with Nigeria ranking second behind USA as second largest market for peer to peer BTC trading according to statista reports. The African sub Sahara region leads in regional survey of P2P Bitcoin volume with Nigeria&#8217;s [&hellip;]
- [President of Stakeholders in Blockchain Association in Nigeria (SIBAN) Endorses eNaira.](https://diutocoinnews.com/2021/08/siban-endorses-enaira/): Senator Ihenyen president of SIBAN said that the adoption of eNaira is a welcome push to the on going campaign to reduce the number of Nigerians that are financially excluded. The success of eNaira he stated will be on it&#8217;s design. According to reports, the Central Bank of Nigeria (CBN)’s proposed digital currency, whose piloting phase is set to commence on October 1, will be a hybrid central bank digital currency (CBDC). This means the e-naira will be combining both the retail and wholesale capabilities. This according to the SIBAN president entails the issuing of the e-naira will not be disruptive [&hellip;]
- [A Huge Crypto Milestone: German Law Allowing Financial Institutions to Hold Cryptocurrency Takes Effect Tomorrow Aug 2 .](https://diutocoinnews.com/2021/08/german-law-allowing-financial-institutions-to-hold-crypto/): Lessons For Nigeria Lawmakers and Financial Institution Regulators. Starting tomorrow, August 2,2021, German institutional funds can hold their assets in cryptocurrency to the tune of 20%. This is a pace setter for more mainstream adoption of cryptocurrency into subsidiary financial institutions. According to Bloomberg, this alters fixed investment regulations governing specialised funds which are accessible only to institutional funds investors like Pension Funds and insurance companies. Special finds currently controls about $2.1 trillion or €1.8 trillion worth of assets. German investment association BVI staff Tim Kruetzmann told Bloomberg that at the starting stage, most funds may stay below 20% mark. He [&hellip;]
- [Ghana Vice President Calls on African Nations to Embrace Digital Currency.](https://diutocoinnews.com/2021/07/ghana-vice-president-on-digital-currency/): The vice president of Ghana, Dr Mahamudu Bawumia has called on African Nations yet to embrace digital currency to adopt the emerging technology to meet up with dynamism of the present age in financial ecosystem. He made this known during the fifth Ghana International Trade and Finance conference in the capital Accra. The vice president said that adoption of digital currency among all African nations will boost intra African trade and strengthen other profitable sectors of the economies. This he retriated will increase financial activities, bring stability to macro and micro economic activities . He enumerated the challenges of the present [&hellip;]
- [How to Earn Free Crypto.](https://diutocoinnews.com/2021/07/how-to-earn-free-crypto/): There is nothing as sweet as free money. The joy is like a miracle. Consumers enjoy freebies in different forms, Card discounts to encourage use of card payments, Code discounts for online shopping ( in some cases there are promo codes to get all your money back). With the evolving financial ecosystem, you can now all these benefits delivered in cryptocurrency. Starting Research all free cryptocurrency opportunity before you dive in. The focus should be on if the free crypto is worth the work the offer mandates you to put in place before receiving especially if the free cryptocurrency is insignificant. [&hellip;]
- [Tanzania’s President Urges The Country’s Central Bank To Prepare For Aggressive Crypto Adoption](https://diutocoinnews.com/2021/07/tanzanias-central-bank-to-prepare-for-crypto-adoption/): Tanzania Should Also Strive for Crypto Adoption, the President of Tanzania, Samia Suluhu Hassan recently shared the need for cryptocurrency adoption in the nation. She reminded the Central blank that the East African region, where the country is located, has not advanced like other areas in tech and urged the financial chiefs to start working on issues like the adoption of Cryptocurrencies. “I know that throughout the nation, including Tanzania, they have not accepted or started using these routes. However, my call to the Central Bank is that you should start working on that development. The Central Bank should be ready [&hellip;]
- [CBN Directs Banks To Create Mobile App For Foreign Exchange Services](https://diutocoinnews.com/2021/07/banks-to-create-mobile-app-for-fx/): The Central Bank of Nigeria has directed that commercial banks create mobile applications and alert techniques to inform customers of their foreign exchange services. This follows the CBN’s ban on sales of forex to Bureau de Change operators and directive to deposit money banks to establish teller points to fulfil legitimate forex requests from customers. This policy had naira fall, with an exchanging rate of N525/$1 on Wednesday. Read Also: Massive Shift to USD(X) Stablecoin Expected as CBN Stops the Sell of FX to BDC Operators This new direction was enclosed in a circular endorsed by the Director of Banking and [&hellip;]
- [Coca-Cola To Launch Friendship Day NFT Collections](https://diutocoinnews.com/2021/07/coca-cola-to-launch-friendship-day-nft-collections/): In celebration of International Friendship Day on July 30, Global beverage brand Coca-Cola will auction NFT boxes on the OpenSea network. It contains Tafi-designed digital apparel that can be worn in the virtual Decentraland metaverse. “We are excited to share our first NFTs with the metaverse where new friendships are being forged in new ways in new worlds, In celebration of International Friendship Day and support of our longstanding friend and partner, Special Olympics.” said Selman Careaga, president, Global Coca-Cola Trademark. Tafi is a designer of avatars and digital wearables, in addition to a digital strategy and development partner of the beverage [&hellip;]
- [Polygon Network ($MATIC)  Added to Trust Wallet ](https://diutocoinnews.com/2021/07/polygon-network-matic-added-to-trust-wallet/): Polygon (MATIC), one of the fastest-growing Layer 2 protocols that have been making waves for its minimal gas fees, has been added to Trust Wallet.&nbsp;&nbsp; The integration of Polygon on Trust Wallet comes after the voting was done by the community on the blockchain using the Trust Wallet Token (TWT). Trust Wallet confirms that the new integration would help the user community make use of the minimal gas fees and faster transactions that are available through the Polygon ($MATIC) Chain. The proposal was only voted by those who hold the governance tokens of the wallet, the TWT.&nbsp; This new integration on [&hellip;]
- [Italian Football Club Inter Milan Concludes Plan to Launch Digital Currency $Inter.](https://diutocoinnews.com/2021/07/italian-football-club-inter-milan-concludes-plan-to-launch-digital-currency-inter/): Welcomes New Sponsorship Crypto Giant Socio. Italian tire company Pirelli loses Inter Milan near three decade famous Nerazzurri ( black and white ) kit. The lastest sponsors , Socio paid twice Pirelli&#8217;s offer. Socio is a cryptocurrency company with focus on sporting activities. Inter Milan will launch it&#8217;s own branded fan token called $Inter by the beginning of 2021/2022 club season. Socios.com becomes the Nerazzurri’s new Global Main Jersey Partner. The club will mark the start of this innovative new partnership by promoting the soon-to-be launched $INTER Fan Token from the front of their jersey for the new campaign. Technology, innovation [&hellip;]
- [Massive Shift to USD(X) Stablecoin Expected as CBN Stops the Sell of FX to BDC Operators](https://diutocoinnews.com/2021/07/shift-to-stablecoin-as-cbn-stops-fx/): Massive Shift to USD(X) Stablecoin BDC Expected. Central Bank of Nigeria&#8217;s governor , Godwin Emefiele has announced the placement of embargo on the weekly sale of foreign exchange to Bureau De Change operators. CBN made this known on Tuesday while speaking to journalists on the result of the Monetary Policy Committee (MPC) meeting in Abuja, the nation&#8217;s capital. On the reason for the ban, the CBN governor said, &#8220;we have noted with disappointment and great concerns that our Bureau De Change operators have abandoned the original objective of their establishment which was to serve retail end users who need $5,000 or [&hellip;]
- [Crypto Social Platform Reddit Deploys Layer-2 Solution Directed At Lifting Ethereum-Based Community Points](https://diutocoinnews.com/2021/07/crypto-social-platform-reddit-deploys-layer-2-solution-directed-at-lifting-ethereum-based-community-rewards/): Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, the Reddit administrator said the platform had launched its layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 solution on top of the ​​Rinkeby testnet before it plans to migrate to the Ethereum mainnet. The platform cited Arbitrum’s features of being decentralized, being developer-friendly, and having broad ecosystem support in its decision. Arbitron essentially “rolls up” transactions on a gasless sidechain with a separate set of security and consensus protocols, [&hellip;]
- [Kenyan Farmers Use Cryptocurrency.](https://diutocoinnews.com/2021/07/kenyan-farmers-use-cryptocurrency/): In what is termed Community Inclusion Currency CIC, Kenyan farmers are selling their produce, purchasing fertilisers and farming inputs with cryptocurrency designed for their community. An American economist, Will Ruddick, introduced blockchain technology for low income urban customers and has extended the cashless system model to farming communities in the countryside. Voice of America interviewed one of the farmers who is using the cryptocurrency called Safu to sell his vegetables and buys supplies with using cash. Emmanuel Kahindi, the 26 year old Kenyan farmer said, &#8221; Sarafu helped me a lot, he said, especially because it makes me save my money, [&hellip;]
- [Bitcoin Nears $40,000 as Amazon Sets to Accept Cryptocurrency Payments.](https://diutocoinnews.com/2021/07/bitcoin-nears-40000-as-amazon-sets-to-accept-cryptocurrency-payments/): Bitcoin jumped to to near 10% after news trended that Amazon is set to accept the cryptocurrency as a means of payment. After a long period of turbulent market volatility that made Bitcoin loose it&#8217;s leading position in market share and dropped below $30,000, things started turning up past weeks as the cryptocurrency recorded steady price growth over the week. Inside sources according to FXleaders revealed Amazon plan to accept Bitcoin. The news became rife following specialised job vacancies announced by Amazon. The positions were for digital leads with core focus on cryptocurrency. According to Forexlive, The $40,000 mark offers a [&hellip;]
- [Blockchain Technology to Add $29 Billion to Nigeria's GDP by 2030.](https://diutocoinnews.com/2021/07/blockchain-technology-to-add-29-billion-to-nigerias-gdp-by-2030/): A new survey by Enhancing Financial Innovation and Access (EFInA) finds that blockchain technology can sort out challenges to financial inclusion in Nigeria and boosts Nigeria&#8217;s economy, bearing the variables in ground can add $29 billion to the nation&#8217;s GDP on or before the end of 2030. This was revealed in a report by EFInA sent to media houses, with the title, &#8220;Potential of Blockchain for Financial Inclusion in Nigeria,&#8221;. It outlines the potentials of blockchain technology in driving and demonstrates potential use cases of blockchain technology in Nigeria. The survey showed that out of of 80% projected rate for financial [&hellip;]
- [OKEx P2P Nigeria Vs Binance P2P Nigeria](https://diutocoinnews.com/2021/07/okex-p2p-nigeria-vs-binance-p2p-nigeria/): OKEx is undoubtedly one of the biggest players in the crypto industry. The exchange has one of the best technical trading platforms available, with minimal fees and high liquidity.&nbsp; This makes it a perfect exchange for advanced traders. Due to their heavy focus on the trading platform, they&#8217;ve deemed it necessary to launch a P2P platform.&nbsp; Read and Learn How to Use OKEx P2P For Nigerians. OKEx P2P is undoubtedly the most user-friendly crypto peer-to-peer platform available in Nigeria. The OKEx p2p has a unique easy to use interface making it easy for beginners to navigate and buy bitcoin on OKEx [&hellip;]
- [How To Mint Non Fungible Token NFT.](https://diutocoinnews.com/2021/07/how-to-mint-non-fungible-token-nft/): If you want to learn how to mint an NFT, join this ride. The market for NFT is at the peak of cryptocurrency market at the moment. For the first time, NFT has taken over as the market leader in cryptocurrency exchange trading. The trend is building, from creating , minting and selling NFT to having NFT token prices exploding. The speedy growth of NFT has continued to interest content creators, artists, collectors and investors. This article will guide you on the process of minting an NFT. First, an understanding of the technology is needed. As advancement in blockchain technology continues [&hellip;]
- [Government of Zimbabwe To Expand Amendments Of Digital Assets Regulations.](https://diutocoinnews.com/2021/07/government-of-zimbabwe-to-expand-amendments-of-digital-assets-regulations/): With the daily need to combat terrorism and money laundering in the nation, the government of Zimbabwe moves to broaden the extent of the current standing financial rules governing digital assets, cryptocurrencies in particular. The Cabinet has recommended amendments that widen the definition of the security anti-money changers Act, to include virtual assets. The changes will have effects on secondary laws, such as those that oversee Anti-money laundering (AML) and Combating Terrorism Financing (CTF). In 2017, Zimbabwe witnessed the Wannacry ransomware attack that reportedly held computers hostage until victims paid the hackers in bitcoin. The illegal activity led to the loss [&hellip;]
- [Central Bank Of Nigeria Set Date for The Launch Of Digital Currency eNaira.](https://diutocoinnews.com/2021/07/central-bank-of-nigeria-set-date-for-the-launch-of-digital-currency-enaira-2/): In a private webnair press briefing held on Thursday, delivered by the head IT of the Central Bank of Nigeria, Rakiya Mohammed. The pilot scheme is expected to be launched on 1st October 2021, on Nigeria’s independent day celebration. Rakiya Mohammed noted that this is the result of the culmination of research embarked by the apex bank since 2017 on procuring digital currency for Nigeria. A proof of acceptance is expected to start before the end of the year. The project is named GIANT. It is expected to run on Hyperledger Fabric blockchain. Hyperledger Fabric blockchain is multi project open source [&hellip;]
- [Elon Musk Hints Return of Bitcoin For Tesla Purchase.](https://diutocoinnews.com/2021/07/elon-must-hints-return-of-bitcoin-for-tesla-purchase/): Elon Musk, CEO SpaceX and Tesla said that Bitcoin may be approved for purchase of Tesla vehicles in near time, he made this known in an online panel discussion organized by Crypto Council on Innovation tagged , &#8220;The B Conference&#8221; that has Jack Dorsey of Twitter and Square payments as one of the keynote discussants. In his thoughts on the benefits of cryptocurrency, Elon noted that he believes in cryptocurrency as a way to &#8221; increase the power of individual in relation to government.&#8221; He listed Bitcoin, Ethereum and dogecoin as cryptocurrencies he has invested in. When asked whether he engage [&hellip;]
- [Legendary Nigerian Actors Plunge Into The Nft Space](https://diutocoinnews.com/2021/07/legendary-nigerian-actors-plunge-into-the-nft-space/): The world of NFT is not only limited to big business corporations or tech companies. Every industry can now participate in this digital trend. Either as a clothing company, a gaming company, or a person who became famous through memes such as Nigerian movie actors, Musicians and more. Nigerian personalities and actors have keyed into the digital world of art, majorly to reach more fans and build a global brand for their audiences. NFTs have become an easy platform for many industries to leverage and generate more income while deepening relationships with their fans. Image from Instagram Art creators in the [&hellip;]
- [OKX (Previously OKEx) P2P Reviewed For Nigeria (Ultimate How-To Guide)](https://diutocoinnews.com/2021/07/okx-p2p-in-nigeria-how-to-guide/): OKX P2P is the best service of the largest cryptocurrency exchange in the world, built to make buying and selling crypto easier. In this article, we review, OKX P2P in Nigeria and explain how it works. Overview; What is OKX P2P Getting Started With OKX P2P How To Trade on OKEx P2P How To Post An Ad on OKEx P2P Why You Should Use OKX P2P? OKX P2P is the peer-to-peer marketplace of the OKX ecosystem. P2P is a direct-to-direct transaction for buyers and sellers with a middle man. For instance, a buyer in Nigeria can find sellers in his country [&hellip;]
- [First Regulatory Framework For StartUps in Nigeria Underway.](https://diutocoinnews.com/2021/07/first-regulatory-framework-for-startups-in-nigeria/): Bill to regulate fintech and cryptocurrency. The collaborative bill calls for suggestions A bill to regulate startups in Nigeria is on the works through collaborative efforts of Nigeria tech ecosystem players and representative of Nigerian government. The journey began in May after a meeting between industry players and representatives from the office of the presidency. According to joint communique released after the meeting, the need for Nigeria Startup Bill became imperative to create an enabling environment for the industry that has generated revenues and financial indepency to Nigerian growing youth population. The absence of such regulatory framework it was noted has [&hellip;]
- [Stock Exchange platform Chaka Becomes first fintech To Obtain license From SEC In Nigeria while Raising $1.5M pre-seed](https://diutocoinnews.com/2021/07/chaka-to-obtain-license-from-sec-in-nigeria/): In Nigeria, there exist at least four platforms that offer both local and foreign stocks to individuals. Chaka is one such platform. Yesterday, They announced the closing of a $1.5 million pre-seed round to power digital investments for individuals and businesses in Nigeria. The global financial crisis that occurred in 2008 partly affected the stock market, giving people reasons not to engage in stock trading. This crash also influenced the Nigerian capital market and due to the number of losses by Nigerians, stock trading is not embraced by a chunk of the public.&nbsp; Understanding the way stock works is difficult for [&hellip;]
- [Bitcoin Drops Below $30,000 Again.](https://diutocoinnews.com/2021/07/bitcoin-drops-below-30000-again/): For the second time since achieving all time high of $65,000 in April, 2021, Bitcoin has recorded it&#8217;s second fall below $30,000. The first was in June 22nd, 2021. The effect snowballed to altcoins. Bitcoin recorded a 5% sharp drop while other cryptocurrencies recorded 6% drop, while XRP recorded 9% fall according to Trading View data. Allegations of big sell off in global stock markets is suspected as the reason for plunge. Near $89 billion was erased in the entire cryptocurrency market in a day. Starting from Monday 19, morning to wee hours of following Tuesday. &#8220;There&#8217;s been a broad sell-off [&hellip;]
- [Global Fashion House Dolce And Gabbana Joins History Makers Through NFT's](https://diutocoinnews.com/2021/07/global-fashion-house-dolce-and-gabbana-joins-history-makers-through-nfts/): Household Fashion house Dolce and Gabbana have become the first Fashion house to launch its Wearable collection of Nft&#8217;s called &#8216;Collezione Genesi&#8217; depicted as &#8216;Genesis collection&#8217; in English. The launch is in partnership with the digital marketplace UNXD. On 14th July, the Italian luxury fashion house created by Italian designers Domenico Dolce and Stefano Gabbana in 1985 announced that the firm was commencing the establishment of a non-fungible token (NFT) collection. Dolce &amp; Gabbana also known as D&amp;G&nbsp; disclosed the first-ever Alta Moda NFT collection. Other Luxury brands have previously raided the crypto Nft ecosystem to partake in the Non-fungible token [&hellip;]
- [Crypto, Blockchain Experts in Demand as Countries Venture into Digital Currency.](https://diutocoinnews.com/2021/07/crypto-blockchain-experts-in-demand/): Monetary regulatory powers globally are announcing in quick successions their plans to launch digital currency. The big question is, who has the knowledge to execute this ? Bahamian Sand dollar was the first digital currency launched by a sovereign nation in the world. It was launched in 2020 as the world&#8217;s first central Bank digital currency. This journey started with the team lead whose only stint with Bahamas was a transit on a cruise ship. Canadian Jay Joe received an text from a colleague in the financial technology industry about Bahamas Central bank announced bid for a development of a digital [&hellip;]
- [Twitter CEO,Jack Dorsey Announces Entry of Square Into DeFi Ecosystem.](https://diutocoinnews.com/2021/07/jack-dorsey-announces-entry-of-square-into-defi/): The CEO of Square Jack Dorsey announced earlier in the week the entrance into the decentralized finance by his payment company Square. Square is entering DeFi market on a blockchain other than the conventional Ethereum. Dorsey is building his platform with Bitcoin. DeFi market has continued to expand as many companies has started building and using the fintech tool. According to DeFi Pulse, over $50 billion in assets are locked in DeFi exchange. Bitcoin DeFi exits already. The performance though slow is recording steady growth. It is anticipated this entry by Square will boost Bitcoin DeFi and provide more option for [&hellip;]
- [Africa Fintech Start-ups Growth: Nigeria Maintains Control.](https://diutocoinnews.com/2021/07/africa-fintech-start-ups-growth-nigeria-maintenance-control/): The number of fintech start-ups domiciled in Africa rose to 576 in 2021 atest report study from Disrupt Africa, a 17.3% leap from 491 start-ups that were operating in Africa in 2019. This was revealed in a study report by Disrupt Africa. Since 2017 number of 307, a 90% increase has been recorded to date. Shepherding the herd of change is Nigeria. In West African region, “Nigerian figures were up 42.6 percent on 2019. In Ghana, fintech companies grew by 25% over the same period while Ivory Coast’s count was up 100%&#8221; Notwithstanding, as the report findings show, three countries; Nigeria, [&hellip;]
- [European Central Bank to Roll Out Digital Euro, € Before 2026.](https://diutocoinnews.com/2021/07/european-central-bank-to-roll-out-digital-euro-e-before-2026/): The European Central is intensifying it&#8217;s plan to launch a digital currency as the use of cash (fiat) declines, as China concludes pilot survey of it&#8217;s native e-yuan. The European Union apex bank announced a two years investigation period on Wednesday that will research on &#8221; key issues regarding design and distribution&#8221; of a digital Euro and examine the probable result. &#8220;Given the digital transformation under way, which has the potential to transform the payments landscape and even the entire financial system, central banks must be bold and keep up with the pace of change,&#8221; Fabio Panetta, a member of the [&hellip;]
- [Market Explosion for NFT (Non Fungible Token) as Trade Volume Skyrockets to $3 billion.](https://diutocoinnews.com/2021/07/market-explosion-for-nft-non-fungible-token-as-trade-volume-skyrockets-to-3-billion/): NFT markets recorded an all time high of $3 billion for the first part of the year 2021 against mere $13 million reached in first half of 2020, report from market data reveals. The prices increase range from sales in gaming and collectibles to surge in prices of NFTs native tokens. NFTs are non Fungible Token representing an intangible items, such as collectibles, artworks, sporting paraphernalia used by sporting starts to photos and videos. Owners of NFTs are minted on the blockchain, allowing the NFT to be traded as an individual digital asset it represents. The rise also influenced interest of [&hellip;]
- [Cardano Foundation Partners With Rwanda NGO To Launch Ada Crypto Charity Platform](https://diutocoinnews.com/2021/07/cardano-foundation-partners-with-rwanda-ngo-to-launch-ada-crypto-charity-platform/): Popular Rwanda-based NGO &#8220;Save The Children&#8221; has joined the train of NGOs endorsing cryptocurrencies in the country, The Children center announced the establishment of a partnership agreement with the Cardano (ADA) Foundation. In a  statement disclosed by members of the project, this partnership came to be possible after &#8220;Cardano installed a payment gateway that allows ADA donations to come directly to the project without intermediaries. Once the funds are received, the funds will be “invested in African-based social enterprises with a proven impact on children, families, or youth.” Previously, a total of 22,000 ADA, worth nearly US$30,000, had been donated through [&hellip;]
- [Private Equity and Venture Capital Terrain in Africa: 2021 Post Pandemic .](https://diutocoinnews.com/2021/07/private-equity-and-venture-capital-terrain-in-africa-2021-post-pandemic/): Investors growth pre and post pandemic Africa in private equity and venture capital has seen a vibrant investment in finance sector, fintech and cryptocurrency. Africa leading data engagement platform, reported an average of 600 investors across Africa are active in business investment negotiations. Africa share of independent native private equity, venture capital finance managers are 400. The remaining two hundred are companies outside Africa with strong focus on African investment in their portfolio. The concentration of these investors are in major African markets. South Africa is leading with 174 , Nigeria (63), Kenya (48), Mauritius (24), Egypt (20). Other investors outside [&hellip;]
- [Binance Launches Binance Gift Cards](https://diutocoinnews.com/2021/07/binance-launches-binance-gift-cards/): Binance has launched a Gift Card. This is a brand new product for Binance users to easily send cryptocurrencies as gifts to their friends and family via email or text messages.&nbsp; Binance Gift Card is now live on the latest versions of Binance apps, both on iOS and Android 1.43.0. Users can access Binance Gift Card via “Account” &gt; “Gift Card” to create and send gift cards. Binance users can create and send gift cards using the following methods: Creating your unique gift cards: Users can create gift cards with their preferred card design, cryptocurrency and amount in the Binance Funding [&hellip;]
- [Egypt's Custom Launches Blockchain Based "NAFEZA".](https://diutocoinnews.com/2021/07/egypts-custom-launches-nafeza/): To Ease Clearance of Consignment Egypt launches fast import clearing system called the National Single Window for Foreign Trade Facilitation, NAFEZA. The action is implemented by Egyptian Customs Authority ( ECA), the country&#8217;s body responsible for implementation of import and exports regulations. The new system is expected the fasteen , modernize and automate custom&#8217;s bureaucratic processes previously laden with organisational bottlenecks. The target is speedy clearance of shipments on arrival at all Egypt&#8217;s port of entry. NAFEZA employs the Ethereum-based CargoX – a digital documentation service to facilitate the processing of documents during the export process. The Cargo-X platform is built [&hellip;]
- [Nigeria P2P Crypto Trade Volume Continues To Rise.](https://diutocoinnews.com/2021/07/nigeria-p2p-crypto-trade-volume-continues-to-rise/): This increase surpassed the trading volume of $35.2 and $34.9 recorded in the month of April and May respectively. Peer to peer trade volume in Nigeria cryptocurrency market surpassed it&#8217;s previously $35 million mark to upsurge to near $40 million in the past week. The updated data is sourced from P2P trading activities of only two most commonly used cryptocurrency exchanges in Nigeria. Based on the restrictions on bank to engage in cryptocurrency transactions, the continuous rise is expected. In February 2021, the federal government directed financial institution in Nigeria to disengage any organisation or persons involve in using banking platforms [&hellip;]
- [ECOWAS Urges The Member States To Embrace Cryptocurrency Under Regulatory Framework](https://diutocoinnews.com/2021/07/ecowas-urges-the-member-states-to-embrace-cryptocurrency-under-regulatory-framework/): The legislative body of the Economic Community of West African States (ECOWAS) last week urged its member states about the importance of Cryptocurrencies when adopted with acceptable regulatory laws and advised that the member states take measures to develop and implement proper usage of Cryptocurrencies. ECOWAS is an independent regional assembly comprising&nbsp; 15 West African countries. It has a major influence on economic and political activities in the West African region with its capital in Federal Capital Territory, Abuja, Nigeria. It is a community for the West African States. The meeting involved experts from the crypto ecosystem to advise the body [&hellip;]
- [British Man Still Searching For Lost 7,500 BTC Hardware Wallet Since 2014](https://diutocoinnews.com/2021/07/british-man-still-searching-for-lost-7500-btc-hardware-wallet-since-2014-3/): A British man recognized as James Howell has been trying to retrieve his hardware wallet since 2014 from his local dumpster. He has been trying to persuade his local council to allow him to search for his hardware wallet containing 7,500 (BTC) Bitcoin (USD 247m)in the state&#8217;s dumpsite to no avail. He now wants to implore high-tech efforts to find his fortune which he accidentally threw away eight years ago, However, The Newport city council will not let him search the dump for his hard drive for several years. The council has continually rejected his requests despite Howells’ offer to divide [&hellip;]
- [Massive $12.2 million Dollar Diamond Sells in Cryptocurrency at Auction.](https://diutocoinnews.com/2021/07/massive-12-2-million-dollar-diamond-sells-in-cryptocurrency-at-auction/): An unblemished 101.38 carat diamond was sold at Auction by Sotheby&#8217;s for $12.2 million dollars in cryptocurrency, making it the most expensive piece of luxury stone to be traded through cryptocurrency. The diamond was sold in Hong Kong to an unidentified collector according to statement released by the auction house, Sotheby&#8217;s Auction. The auction house noted that payment will be accepted in Bitcoin or Ether. Sotheby&#8217;s Auction, which has been in the business of auction trade for over 200 years foray into accepting crypto payment started this year, but more significant is the auction house entrance into sell of Non Fungible [&hellip;]
- [Digital Currency: Ghana To Commence E-Cedi Pilot in September.](https://diutocoinnews.com/2021/07/digital-currency-ghana-to-commence-e-cedi-pilot-in-september/): The deputy governor, Bank of Ghana, Maxwell Opoku Afari revealed that the country Apex banking regulatory body has reached advanced stage in the launch of Ghana native digital currency E-Cedi. He made revelation at a media symposium put together by Journalist for Business Advocacy (JBA) with the theme, &#8221; Understanding Monetary Policy in Post Endemic Era.&#8221; Speaking to the media, the central bank deputy governor, lauded the technology behind digital currency, applauding the efficiency and financial inclusiveness of digital currency. On the steps so far taken by the apex bank towards realising this goal, he said, &#8221; We have to take [&hellip;]
- [Blockchain Technology Is an Option To Look Into, Beneficial For Women:](https://diutocoinnews.com/2021/07/blockchain-technology-is-an-option-to-look-into-beneficial-for-women/): WTO Director, Ngozi Okonjo Iwela. Ngozi Okonjo Iwela, Director General of World Trade Organization and former Managing Director World Bank affirmed that blockchain technology will be beneficial to women in societies where restrictions for women accessing finance exits. The former Nigeria Minister for Finance and Foreign Affairs made this known at G20 powered event. The High Level Independent Panel on Financing Global Commons for Pandemic Preparedness and Response for G20 Finance Ministers held at Venice Italy. During the high powered panel discussion, Christina Cornér, Cointelegraph Editor-in-chief addressing the panelist, explained how blockchain technology could positively benefit women in the era of [&hellip;]
- [Airdrops : Scammers Favourite Scheme.](https://diutocoinnews.com/2021/07/airdrops-scammers-favourite-scheme/): Have you being recently scammed by the growing airdrop announcements ? Jittery about trying it out ? Or are you a perpetual victim ? Read this ! Airdrops are genuinely are marketing tool use by crypto companies to raise market visibility and also in some cases raise funds through ICOs. In the hay days of airdrops, around 2016, one airdrop used to hold in a week. Visit coinmarket.com the unofficial coin listing platform for cryptocurrency, daily airdrops announcements average 7. The crypto market presently is flooded with ICO tailored airdrops scams by purportedly new coins seeking to raise capital for their [&hellip;]
- [Expect To See Your Favourite UFC Fighter On Branded Crypto Wear](https://diutocoinnews.com/2021/07/expect-to-see-your-favourite-ufc-fighter-on-branded-crypto-wear/): As UFC Inks Multi-million Crypto Sponsorship Promotion Deal. In one of the biggest crypto promotional entrance into sports, crypto market place, crypto.com inked a 10 year, $175 million partnership deal. Sources familiar with the deal noted that this will be UFC first global partnership deal. What this means is that this branding will appear on every UFC Fighter sports kits. Expect to see Nigeria reigning UFC welterweight champion Kamaru Usman and Isreal Adesanya ( stylebender), reigning UFC Middle Weight Champion wearing crypto branded sporting kits for the next ten years, if they do not retire from the sports by then. The [&hellip;]
- [Is Cryptocurrency Bear Market Over ?](https://diutocoinnews.com/2021/07/is-cryptocurrency-bear-market-over/): Cryptocurrency market has been under sell pressure for the past two months. The month of May and June 2021 witnessed unprecedented crash in price. Bitcoin lost over 50% in price while most altcoins lost near 80% of their market prices. Speculations has been rife about the cause of the crash. While pundits believe the crash is necessitated by the usual market reset. Others believe that Elon Musk tweet fingers has done more harm than good. Elon Musk ability to influence market movement has thrown up issues about regulation and sanctioning of speculative actions intended to influence market to ones advantage. The [&hellip;]
- [Israeli New President to Receive an Oath Signed by His Father as NFT.](https://diutocoinnews.com/2021/07/israeli-new-president-to-receive-an-oath-signed-by-his-father-as-nft/): NFTs at it&#8217;s peak as the Isreal&#8217;s new President is set to receive a digital version of an oath signed by his father. The Knesset, Israel’s unicameral legislative body, could become the world’s first government body to use blockchain technology, and more specifically – NFTs.&nbsp; The incoming President Isaac Herzog will reportedly receive an NFT of the original oath signed by his late father – the nation’s sixth President. Born in 1960, Isaac Herzog is the President-elect of Israel who could go down in history as the first head of a country to receive a non-fungible token on his inauguration day. [&hellip;]
- [NFT Sales Surge to New Highs in the First Half of 2021](https://diutocoinnews.com/2021/07/nft-sales-surge-to-new-highs/): Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021. From the statistics released by DappRadar, there has been $2.5 billion in NFT sales in the first six months of this year. That is a massive increase of over $13.7 million in sales for the same period in 2020. Reports from Reuters suggests that June has been a record month for the OpenSea NFT marketplace with almost $150 million in sales. This record is far higher than the previous year. Following the launch of Binance NFT marketplace, many artists from around the world including Africa [&hellip;]
- [The United Nations (UN), IMF, And The World Bank Launches A Digital Currency Challenge to Enhance World Financial Structure](https://diutocoinnews.com/2021/07/the-united-nations-un-imf-and-the-world-bank-launches-a-digital-currency-challenge-to-enhance-financial-structure/): The United Nations has unveiled The global CBDC Challenge for central bank digital currencies (CBDC). The CBDC challenge strives for innovative solutions to improve payment inefficiency and grow crucial financial inclusion.&nbsp; The Monetary Authority of Singapore, in collaboration with the International Monetary Fund (IMF), World Bank, Asian Development Bank, United Nations Capital Development Fund, United Nations High Commission for Refugees, United Nations Development Programme, and the Organisation for Economic Co-operation and Development (OECD). The Global CBDC Challenge seeks to coordinate creative market ready solutions with public policy questions across the following problem statement categories: Instrument – To enhance and widen the [&hellip;]
- [CryptoCurrency Academy launches first Master Class, ‘The Next Leap’](https://diutocoinnews.com/2021/07/cryptocurrency-academy-launches-first-master-class-the-next-leap/): Cryptocurrency and blockchain classes now offered on CryptoCurrency Academy 5th- July-2021: IMMEDIATE RELEASE ‘The Next Leap’ Master Class series is the first of its kind providing learners with cutting edge cryptocurrency topics with the added interaction with founders and teachers in the space. It will take place on Zoom every Saturday 2 PM to 5 PM UTC from July 17th culminating in September.&nbsp; Retweet ‘The Next Leap’ “We decided to bring, ‘The Next Leap’ that provides everyone with a nice avenue to understand what cryptocurrencies are and to interact with existing founders from different institutes because we believe that Africa is [&hellip;]
- [YouTuber Accused of Piloting Multi-million Dollar Pump and Dump on Uniswap](https://diutocoinnews.com/2021/07/youtuber-accused-of-pump-and-dump/): An ex-Google worker and YouTuber with more than 1.1 million subscribers has been accused of piloting a multi-million dollar “pump and dump” on uniswap. On July 1, Patrick Shyu, popularly known as TechLead on YouTube, launched the Million token (MM) through an Initial Dex Offering (IDO) on Uniswap DEX (decentralized exchange). According to the project&#8217;s website, Million token is a pre-mined cryptocurrency with a fixed supply of one million tokens that are backed by one USDC each per token. It is backed by $1 million worth of stable coins. The website states that MM has “no maximum value.” Few days after [&hellip;]
- [Nigerian Based NFT Platform Qlipit Wins Africa Hero Award At The ‘Decentralized Africa’ Binance Hackathon.](https://diutocoinnews.com/2021/07/nigerian-based-nft-platform-qlipit-wins-africa-hero-award-at-the-decentralized-africa-binance-hackathon/): Globally dominating Crypto exchange and Blockchain Ecosystem&nbsp; Binance has announced the winners of the African Hackathon. The winners were published on Saturday via their Twitter handle The hackathon ran throughout June 2021, the Hackathon had 20 African projects through Defi and NFT&#8217;s illustrate that they are aimed at problem-solving, and poverty eradication strategies in the African community. Qlipit is an African-focused NFT ecosystem, The No1.in all of Africa, it is concerned about African artifacts and history being tokenized on the blockchain.&nbsp; Qlipit solves the problem of utility for NFT’s by adding various off-chain real-life utility functions to NFT ownership in the [&hellip;]
- [Quidax on Top the List Among Other Exchanges with Direct Crypto to Naira Pair](https://diutocoinnews.com/2021/07/quidax-direct-crypto-naira-pair/): Quidax, one of the Largest and most liquid cryptocurrency exchanges in Nigeria currently boosts as the exchange with the highest number of NGN &#8211; Crypto pairs. Since the ban on cryptocurrency trading providers offering direct bank to crypto services, direct bank deposits and withdrawals have been on hold. Crypto service providers have resorted to the Peer-to-Peer crypto trade. This has allowed users to deposit and withdraw on crypto exchanges using Naira (NGN).&nbsp; Exchanges like Binance removed many direct naira to crypto trading pairs to abide by the Nigerian Laws, leaving only NGN/USDT pair. Quidax topped the list this time. Quidax an [&hellip;]
- [France To Give €130 Million to 500 Tech Start-ups in Africa.](https://diutocoinnews.com/2021/10/france-to-give-money-to-africa-start-ups/): President Emmanuel Macron announced today at the New Africa-France summit that a renewed financial commitment of €130m for the next three years and express Digital Africa’s new ambitions to support entrepreneurship and technological innovation on the continent. Present in Montpellier, the Digital Africa team unveiled new programmes, according to a Press release signed by Ndeye Mane Sall for Digital Africa on Friday. In terms of financing, the team announced the Fuzé project, that focuses on Francophone Africa and aims to support at least 200 tech start-ups as of early 2022 by launching a new small ticket fund (in stages, from €10,000 [&hellip;]
- [Future of Fiat Money With the Rapid Adoption of Cryptocurrency ](https://diutocoinnews.com/2021/10/future-of-fiat-money/): Fiat money is a government issued currency that is not backed by a physical commodity but rather by the government that issued it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the Euro, Naira and other global currencies. Fiat currency came about when governments would print paper money that could be redeemed for a set amount of a physical commodity. Cryptocurrency is a new form of exchange, secured by Cryptography. It is entered on a distributed online ledger and it is not regulated by central authorities. The wide acceptance and rise of cryptocurrency has started a debate on [&hellip;]
- ["Safeguard Your Digital Assets !": CSEAN As EFCC Makes Over 80% Cybercrime Convictions](https://diutocoinnews.com/2021/10/safeguard-your-digital-assets/): The Economic and Financial Crimes Commission, EFCC, has revealed that 80 percent of the convictions it has made were offences related to cyber security. The commission disclosed this yesterday at a conference organized by the Cyber Security Experts Association of Nigeria, CSEAN, in Lagos, with the theme &#8220;Cyber Secure Nigeria Conference 2021.&#8221; EFCC chairman, Abdulrasheed Bawa, said in his opening remarks that the rise in cybercrime in Nigeria was alarming and, therefore, called for rigorous public awareness and enlightenment programmes for organisations. He said: &#8220;I want to authoritatively state that as at September, 2021, the commission has recorded about 978 convictions [&hellip;]
- [The Use Of Peer-2-Peer For Crypto Transactions In Nigeria](https://diutocoinnews.com/2021/10/peer-2-peer-transaction-in-nigeria/): While the government ban has prevented all financial institutions and banks from facilitating any crypto transaction and also commanded that they shut down any account that involves in this kind of trade, crypto traders have found a way around this restriction.&nbsp; This ban has somehow limited the operations of traditional/centralized exchanges which are one of the most common ways people buy BTC in Nigeria. On centralized exchanges, people buy bitcoin with Naira directly from their bank and according to the statement released, if you carry out such a transaction, your account will be flagged.&nbsp; After the ban, Nigerians turned to P2P [&hellip;]
- [Crypto Miners 'Holding' Bitcoin, Prices Hits $55,000](https://diutocoinnews.com/2021/10/btc-at-55000-bitcoin-miners-holding-bitcoin/): Cryptocurrency miners are holding their newly minted currencies to bolster their balance sheets according to recent report updates from Blockchain monitoring group. Recent monthly production updates from crypto miners such as Riot Blockchain and Marathon Digital Holdings show that they have kept their mined bitcoins during September, when prices hovered around $40,000. Riot Blockhain, the Castle Rock, Colo.-based miner, said in a statement Wednesday that as of Sept. 30, it holds 3,534 bitcoins, an increase of 406 bitcoins from August. Riot’s share price rose as much as 6.5% on Wednesday, before paring gains to close the trading session up about 1%. Meanwhile, Riot’s [&hellip;]
- [Fintechs in Nigeria Receive $500 Million in 5 Years.](https://diutocoinnews.com/2021/10/nigeria-fintechs-receive-500m-in-5-years/): Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele stated that Nigeria financial technology (fintech) firms attracted an investment of $500million between 2015 and 2020 due to improvement necessitated in the ecosystem by CBN. The Central Bank of Nigeria (CBN), governor, Godwin Emefiele stated this yesterday at the bank’s 31st seminar for financial correspondents and business editors in Enugu. In his address at the event titled ‘Trends in Nigerian Payments System: Regulating the Fintech Digital Playing Field’, Emefiele said the sector has recorded tremendous growth in the past few years, noting that the apex regulatory bank would continue to ensure [&hellip;]
- [South African Hedge Fund Expert Attacks Cryptocurrencies](https://diutocoinnews.com/2021/10/crypto-has-no-intrinsic-value/): Jean-Pierre Verster, Hedge fund expert and founder of Protea Capital Management has joined the league of those who are critical of digital currencies. The hedge fund expert recently added his voice to the growing calls of mainstream investors, who have spoken ill of Bitcoin and other cryptocurrencies. In Jean-Pierre&#8217;s words, cryptocurrencies lack intrinsic value.  While speaking in a recent interview with BizNews, Jean-Pierre shared his thoughts on private digital currencies likening them to a Ponzi scheme. According to the hedge fund expert, cryptocurrencies have elements of a Ponzi scheme where that prices go up all of a sudden, then come crashing [&hellip;]
- [How The Unemployed Can Benefit From Bitcoin.](https://diutocoinnews.com/2021/10/how-unemployed-can-benefit-from-bitcoin-2/): When a notable national news paper starts to write a favourable editorial on cryptocurrency, know that crypto adoption has come to stay in Nigeria. It is a common argument that Bitcoin only favors the tech-savvy and financially affluent members of society. However, many studies have proven Bitcoin could be one of the greatest weapons for fighting poverty and financial deprivation. There are many ways through which unemployed people can benefit from Bitcoin. The following article discusses how Bitcoin helps the jobless. Increased Financial Inclusion&nbsp;Unemployment rates are usually very high in developing nations. Besides, most of those regions lack banking services. The [&hellip;]
- [How The Unemployed Can Benefit From Bitcoin.](https://diutocoinnews.com/2021/10/how-unemployed-can-benefit-from-bitcoin/): When a notable national news paper starts to write a favourable editorial on cryptocurrency, know that crypto adoption has come to stay in Nigeria. It is a common argument that Bitcoin only favors the tech-savvy and financially affluent members of society. However, many studies have proven Bitcoin could be one of the greatest weapons for fighting poverty and financial deprivation. There are many ways through which unemployed people can benefit from Bitcoin. The following article discusses how Bitcoin helps the jobless. Increased Financial Inclusion&nbsp;Unemployment rates are usually very high in developing nations. Besides, most of those regions lack banking services. The [&hellip;]
- [DiutoCoinNews Chat Series 1; Understanding GameFi and Play2Earn](https://diutocoinnews.com/2021/10/diutocoinnews-chat-series-1/): DiutoCoinNews Chat Series is launching the first edition of its &#8216;Chat Series&#8217; with its community to share the advantages that abound with Game Finance and Play2Earn in the crypto world.&nbsp; This first edition of DiutoCoinNews &#8216;Chat Series&#8217; will focus on the theme; Understanding GameFi and Play2Earn.  This will be anchored by Damilola Oguntola, Okoye Kevin Chibuoyim and Tony Chimdiuto.  The webinar will go as follows; Okoye Chibuoyim — Introduction to GameFi and Play2Earn,  Concept, Meaning and Aspects of Game Finance. Damilola Oguntola:  What is Play2Earn and Stake2Earn. Popular Blockchains on GameFi Looking at ETH,&nbsp; BSC and Polygon. What to Look at [&hellip;]
- [Highest Bitcoin Holding Companies In The World](https://diutocoinnews.com/2021/10/companies-holding-bitcoin/): Top 10 Public Companies in World That Currently Own Bitcoin, Check Out The Highest Holder Bitcoin has witnessed unprecedented growth since its advent into the finance industry. However, this growth did not come by on a platter of gold. The benchmark cryptocurrency has weathered all storms, emerging from being the most criticized asset class to being the most preferred store of value in today&#8217;s world. Although Bitcoin is still criticized to date, the digital asset has ridden atop the critiques, creating a new high now and then. In its move to the top, Bitcoin has attracted the attention of mainstream institutions [&hellip;]
- [A Manual to Blockchain Technology; An Elementary Guide for Students. ](https://diutocoinnews.com/2021/10/student-manual-to-blockchain-technology/): Blockchain Manual is a guide to understanding in details the full meaning of blockchain to a layman&#8217;s understanding. It&#8217;s good for someone building a career in blockchain technology. It is a decentralized distributed ledger that records information in a way that makes it difficult or impossible to change, hack or cheat the system. Introduction to Blockchain Manual Guide In Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), transactions are recorded with an immutable Cryptographic signature called a hash.&nbsp; All records in a blockchain are individually encrypted and everytime a new transaction occurs on the blockchain, a record of that transaction [&hellip;]
- [Bug Error: Tokens Worth US$162 Million Mistakenly Sent to Users' Wallets](https://diutocoinnews.com/2021/10/162-million-worth-of-token-mistakenly-sent-to-users/): Decentralized crypto financing platform Compound has lot about $162 million of it&#8217;s own cryptocurrency after an upgrade went wrong, according to Robert Leshner, founder of Compound Labs. On Wednesday, Compound rolled out what should have been a standard upgrade. Soon after implementation, however, it was clear that something had gone wrong, once users started to receive millions of dollars in comp tokens. The price of Compound’s native token, called comp, is down about 4.8%. At first, the Compound chief&nbsp;tweeted Friday that&nbsp;there was a cap to how many comp tokens could be accidentally distributed, noting that “the impact is bounded, at worst, 280,000 comp [&hellip;]
- [The Influence of Cryptocurrency on Nigerian Economy.](https://diutocoinnews.com/2021/10/nigeria-versus-crypto-2/): The Impact Of Cryptocurrency On Nigeria&#8217;s Economy And How Nigerians Have Been Able To Bypass The Ban Of Cryptocurrency Trading. The international financial system is no doubt embracing the current development from physical currency to virtual digital currencies, introduced by blockchain technology. The current trend cannot be overlooked as it has liberated thousands of people all over the world from the stretching grips of poverty. While giving financial freedom to millions of Africans and Nigerians at large. Breaking down the concept of cryptocurrency into bits is what this article will contain.  Nigeria has the highest GDP (Gross Domestic Product) out of [&hellip;]
- [Facebook Stocks Down, Zuckerberg Loses $7billion, Diem Token Future at Stake](https://diutocoinnews.com/2021/10/facebook-stocks-down-diem-future-at-stake/): Mark Zuckerberg social media platforms was hit by global outage at around 16:40 UTC and is still on-going since 4hours ago.&nbsp; Following online sources concerning the social media outage. Rumours has it that its unlikely a hack and servers are the major issues behind the outage.  Also Read: Facebook, Instagram &amp; WhatsApp Crash, Bitcoin Up According to Bloomberg news source, Zuckerberg has lost $7billion in a space of 4hours and likely going to lose more with the on-going outage.&nbsp; Moreover, Facebook stocks are down and the future of the crypto project Diem, formally Libra token maybe at jeopardy. With regards to [&hellip;]
- [Facebook, Instagram &amp; WhatsApp Crash, Bitcoin Up.](https://diutocoinnews.com/2021/10/whatsapp-instagram-facebook-crash/): Mark Zuckerberg social media platforms was hit by global outage at around 16:40 UTC according to online outage trackers throwing users into frustration Soon after the first report came through, the hashtag #facebookdown was trending on Twitter, with users worldwide reporting issues connecting.&nbsp; In response to the outage, WhatsApp through their official Twitter account informed their users that they are working towards restoring the app. The tweet read;  “We’re aware that some people are experiencing issues with WhatsApp at the moment. We’re working to get things back to normal and will send an update here as soon as possible. Thanks for [&hellip;]
- [U.S. Mayor To Airdrop $1,000 in Bitcoin to All of His Constituents](https://diutocoinnews.com/2021/10/us-mayor-gives-bitcoin-to-constituents/): The mayor of Cool Valley, Missouri, says that he has secured enough funds to airdrop Bitcoin (BTC) to every household in his constituency. In an interview with Bitcoin Magazine Podcast, Mayor Jayson Stewart says that he’s going to give each of his 1,500 constituents $1000 worth of Bitcoin as a way of combating financial inequality. &#8220;It’s given me a hope, and an optimism that we can overcome some of the worst parts of the system that we’re born into, and actually create a future exactly how we want it to be. There’s a certain level of hope and optimism that I get [&hellip;]
- [Crypto Inspired : White Money Wins Big Brother Naija (BBNaija) Season 6](https://diutocoinnews.com/2021/10/white-money-wins-bbnaija/): White Money has won 90 million Naira in the 2021 season six edition of the cryptocurrency ecosystem sponsored Big Brother Nigeria named Big Brother Naija Shine Your Eye. Big Brother Naija BBNiaja franchise has received tremendous leading sponsorship from cryptocurrency and fintech based companies. Two of this year lead sponsors Patricia Company and Abeg app are from crypto and fintech industries respectively. The growing cryptocurrency adoption in Nigeria with allied patnership of the reality show has seen some of the contestant winning prices paid in Bitcoin in one of the task challenges on the show.
- [Crypto Exchange Platform   Receives Fine of $1.25 Million For Illegal Offerings](https://diutocoinnews.com/2021/10/kraken-receives-fine/): Kraken a global crypto exchange platform has received a fine of over a million dollars because of an incident of illegal trades of margin products. The transaction took place throughout a year’s time from June 2020 to July 2021. During this time, the exchange allowed transactions which are normally off limits to U.S.-based customers.  According to the Commodity Futures Trading Commission (CFTC) Kraken also failed to enlist as a futures commission merchant. Vincent McGonagle the acting enforcement director for the CFTC reiterated the need for registration and regulation. “Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered [&hellip;]
- [Coinbase Promises To Refund Lost Funds to Victims of Phishing  Attack](https://diutocoinnews.com/2021/10/6000-users-attacked-coinbase-to-refund-funds/): Leading cryptocurrency exchange in the US, Coinbase has been the subject of several security breaches this year. In the latest breach, about 6000 users of the crypto exchange appear to have lost funds following the exploit, Coinbase reported in a letter sent to the affected parties.&nbsp; In the letter, Coinbase stated that the hackers had used phishing links to access the accounts of the users affected. With the phishing links reportedly sent to the email addresses of the users in question, the hackers evaded the SMS authentication feature used to protect the accounts of Coinbase users. Although reports of the exploit [&hellip;]
- [Your Tiktok Video May be a New NFT Goldmine, As Tiktok Goes Into NFT Space.](https://diutocoinnews.com/2021/10/tiktok-goes-into-nft-space/): Tiktok, the short video sharing social media platform has announced it&#8217;s first ever NFT collection titled, &#8220;TikTok Top Moments&#8221;, designed by some of the platforms creators who made viral videos that defined social media moments. In a communication released on the app, Tiktok seeks to , &#8221; explore the world of NFTs as a new creator empowerment tool.&#8221; This it stressed is to build on the apps commitment to help creators achieve their goals in the growing creators economy by providing a way for creators to be recognized and rewarded for their content. For fans, it is an opportunity, &#8221; to [&hellip;]
- [DonJazzy x Osinachi NFT Collabo Debut Sold Out on Niftygateway.](https://diutocoinnews.com/2021/10/donjazzy-x-osinachi-nft-drops/): Nigeria Afro beat maestro DonJazzy collaborated with leading Nigeria NFT cryptoartist Osinachi during the week to drop three Afrobeat inspired NFT collection Titled DonJazzy x Osinachi on niftygateway NFT market place. The DonJazzy x Osinachi collection has three art work from 28 edition 62 edition, and 86 editions. Osinachi numerically numbers his art NFTs as editions. The three NFT drops has sold out on niftygateway NFT market place. The edition 86 labelled &#8220;Heartbeat&#8221; sold at $999 price. The 28th edition labelled &#8220;Move&#8221; was purchased at $3,333 while edition 62 &#8220;Lost&#8221; sold at $1550. Niftygateway describes Osinachi&#8217;s burgeoning influence in NFT space [&hellip;]
- [Paxful Signs New Deal To Support Nigerian Crypto Developers](https://diutocoinnews.com/2021/10/paxful-supports-crypto-developers/): The largest P2P crypto platform in Africa, Paxful has shown its intention to support crypto innovations in Africa. According to a report by Bitcoinke.com, Paxful struck a new partnership with Human Rights Foundation, aimed at supporting and grooming Nigerian crypto and blockchain developers.  Per the report, Paxful also donated an undisclosed sum to the foundation including Qala Fellowship, a program dedicated to discovering and nurturing local talents in Nigeria, with more focus on the blockchain and crypto sector. Qala Fellowship also aims to help tech-inclined Nigerians build companies, contribute to the blockchain ecosystem and lastly, discover job opportunities in global blockchain [&hellip;]
- [Nigeria Twitter Ban To Be Lifted If...](https://diutocoinnews.com/2021/10/twitter-ban-to-be-lifted/): Nigeria&#8217;s president, Muhammad Buhari in his Independence Day speech today to mark Nigeria 61st Independence Day, gave conditions for lifting the ban placed on the social micro blogging platform Twitter, by his administration. Buhari said a&nbsp;Presidential Committee which was constituted to engage Twitter to explore the possibility of resolving the issue,&nbsp;addressed a number of key issues which include &#8220;National Security and Cohesion; Registration, Physical presence and Representation; Fair Taxation; Dispute Resolution; and Local Content.&#8221; He added that the issues are being addressed and he has directed that the suspension be lifted if those conditions are met.&nbsp; Buhari said;  “Following the suspension [&hellip;]
- [Pan African Payment and Settlement System (PAPSS) Kicks Off.](https://diutocoinnews.com/2021/10/papss-kicks-off-2/): African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat announced the take off of the Pan-African Payment and Settlement System (PAPSS), a financial market infrastructure to enable instant, cross-border payments in local currencies among African markets created two years ago. By simplifying cross-border transactions and reducing the dependency on hard currencies for these transactions, PAPSS is set to boost intra-African trade significantly and underpin the implementation of AfCFTA, a statement by Afreximbank said. PAPSS will serve as a continent-wide platform for the processing, clearing and settling of intra-African trade and commerce. It is expected to leverage a [&hellip;]
- [Pan African Payment and Settlement System (PAPSS) Kicks Off.](https://diutocoinnews.com/2021/10/papss-kicks-off/): African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat announced the take off of the Pan-African Payment and Settlement System (PAPSS), a financial market infrastructure to enable instant, cross-border payments in local currencies among African markets created two years ago. By simplifying cross-border transactions and reducing the dependency on hard currencies for these transactions, PAPSS is set to boost intra-African trade significantly and underpin the implementation of AfCFTA, a statement by Afreximbank said. PAPSS will serve as a continent-wide platform for the processing, clearing and settling of intra-African trade and commerce. It is expected to leverage a [&hellip;]
- [eNaira Website Down, CBN Shifts Launching Date](https://diutocoinnews.com/2021/10/enaira-postponed/): Central Bank of Nigeria CBN director cooperate communication, Mr Osita Nwanisobi on Thursday, announced the postponement the October 1st planned launching of Nigeria&#8217;s digital currency, eNaira. Nwanisobi explained that the CBN took the decision to postpone the launch, which had been initially planned to coincide with the independence anniversary, in deference to the mood of &#8220;national rededication to the collective dream of one Nigeria.&#8221; While assuring that there is no need to be worried, he said the CBN and other partners were working round the clock to ensure a hitch free process that would be for the overall benefit of the [&hellip;]
- [Bitcoin Whale Alert: 5000 BTC Moved From Xapo to Binance.](https://diutocoinnews.com/2021/09/bitcoin-whale-alert/): According to Whale Alert, one of the leading blockchain tracking and crypto analytics platforms, a leading Bitcoin wallet transferred 5,000 BTC from Xapo to Binance on 29 September at 19:56 UTC. The total value of the transaction currently stands at near $206 million. In a separate transfer, someone moved 500 Bitcoin from an unknown wallet to the crypto exchange, Coinbase. The latest surge in BTC exchange supply came as a surprise after leading digital exchanges saw significant outflows in the last week. Bitcoin regained the price level of $43,000 today after a jump of nearly 4% in the last 24 hours. While Bitcoin bulls look [&hellip;]
- [Crypto and Forex Investment Company; Headway Trade Patterns Run With Investors Billions in Lagos.](https://diutocoinnews.com/2021/09/forex-crypto-investment-company-scams-investors/): A forex and cryptocurrency trading company, registered as Headway Trade Patterns Nig. Ltd., has made away with investors funds amounting to billions of Naira in a typical &#8220;return on investment&#8221; scam. Investigaton shows that four management members of staff of the company &#8211; Mr Jubril Adetunji, Mr Adetokunbo Olamide Collins, Mr Innocent Clement, and Mr Olawoyin Hakeem have disappeared suddenly without trace or notice, locking their offices and leaving investors in shock. A staff of the company, Mr Babatunde Akinkurolere disclosed to SaharaReporters that Hakeem ( General Manager) had earlier said during a staff meeting that he would travel abroad for [&hellip;]
- [Bidesk Exchange Informs Users Of Permanent Shutdown](https://diutocoinnews.com/2021/09/bidesk-exchange-shutdown/): British Virgin Islands-based crypto exchange Bidesk has informed users that it is shutting down trading activities permanently. This announcement was released by the company on its official Twitter handle. However, the shutdown will take place in phases, Bidesk revealed. Citing regulatory pressure and drastic policy change, the crypto exchange noted it will permanently cease operations by November. The first phase of the shutdown which takes effect immediately consists of registration and deposit closure. Currently, new users are not allowed to register on its platform as well as make deposits. Only trading and withdrawal will be allowed. Some aspects of trading have [&hellip;]
- [OKEx Lists Celestial’s Native Asset, CELT, for Spot Trading](https://diutocoinnews.com/2021/09/okex-lists-celt/): OKEx has opened trading for CELT following the announcement of CELT — the native asset of Celestial — on OKEx spot trading markets. Trading of CELT&nbsp;will start according to the following schedule: 1. CELT deposits open at&nbsp;9:00 am UTC on September 29. 2. Spot trading for CELT/USDT opens at&nbsp;11:00 am UTC on September 29. 3. CELT withdrawals open at&nbsp;10:00 am UTC on September 30. Celestial is a metaverse starwar game that combines&nbsp;GameFi&nbsp;and&nbsp;SocialFi. Players can mine a variety of resources, explore the galaxy, and build alliances to fight in intergalactic wars. CELT is the governance token of Celestial and also a key [&hellip;]
- [Company Sues CBN For ENaira Trademark Infringement.](https://diutocoinnews.com/2021/09/enaira-trademark-infringement/): The name of the soon to be launched central bank of Nigeria&#8217;s digital currency, eNaira is under contest by a company claiming registered trademark for the name of the digital currency. A cease and desist letter was served to the Central Bank of Nigeria (CBN) concerning the use of the name “eNaira.” The letter made available to news media, titled: “Infringement of Trademark &amp; Violation of Corporate Name cease and desist Notification to the Central Bank of Nigeria.” was signed by Olakule Agbebi Esq for Olakule Agbebi &amp; Co . From the notice order, Olakule Agbesi who is the company&#8217;s solicitor stated [&hellip;]
- [The Government Of China Blocks Coingecko And Coinmarketcap Through China’s Internet Firewall](https://diutocoinnews.com/2021/09/china-blocks-coingecko-and-coinmarketcap/): The two most popular Crypto market data providing companies have been blocked by the government of China from providing market analysis to the citizens following the recent ban from China for the 100th time. The Chinese government evaluated the access to crypto market information as a danger to the country&#8217;s anti-crypto. The Internet firewall became apparent in the early hours of Tuesday in China. It is believed that the cutting off of Chinese IP access is the result of a move by China’s internet censorship agency, and not a move by neither CoinMarketCap nor CoinGecko.&nbsp; The siege of CoinMarketCap and CoinGecko [&hellip;]
- [Warning ! Safepal Wallet Firefox add-ons Can Steal Your Cryptocurrencies.](https://diutocoinnews.com/2021/09/safepal-add-on-can-steal-your-cryptocurrency/): A SafePal user has revealed an online fraud that involved Safepal Wallet Firefox add-on, which reportedly stole her cryptocurrency. A malicious Firefox add-on named &#8220;Safepal Wallet&#8221; managed to stay listed on the official Mozilla add-ons website for months, scamming users by emptying out their cryptocurrency wallets. SafePal is a crypto-management platform that is capable of holding over 10,000 types of assets including Bitcoin, Ethereum, and Litecoin. It is backed by Binance, but seems to have suffered a setback due to cybercriminals. The issue was highlighted by a SafePal user Cali in Firefox support group. “Today I browsed true the add-on list [&hellip;]
- [University Professor In South Africa Encourages The Government To Accept Cryptocurrencies.](https://diutocoinnews.com/2021/09/professor-in-south-africa-encourages-cryptocurrencies/): A University of Johannesburg professor, Rabelani Dagada has enjoined the South African government to take a final stance on cryptocurrencies if it intends to remain relevant digitally. In his words, professor Dagada stated that the country has to &#8216;finalize its take on digital currencies if it wants to become the hub for innovation&#8217; on these assets.&nbsp; In the same breath, the professor argued that attempts by South African authorities to suppress the widespread adoption of cryptocurrencies are futile. In his argument, he referred to history, stating that attempts at stifling emerging innovations in the past. Professor Dagada enjoined authorities to take [&hellip;]
- [Crypto To The Rescue: Cryptocurrency Donations Help Fight Starvation In Yemen](https://diutocoinnews.com/2021/09/cryptocurrency-donations-help-fight-starvation-in-yemen/): Middle Eastern country Yemen has been overrun by a civil war since 2014 leaving 16 million people including 400,000 children under the age of five in starvation and lack of other supplies. However, crypto donations are already being used to fight starvation in the region. A Redditor based in Capital city, Sana&#8217;a is behind this cause, according to reports. According to the Redditor with the pseudonym Yemenvoice, he has been providing food supplies for families and individuals unable to access them using cryptocurrencies. Yemenvoice claimed that the funds used in purchasing the items were from donations in crypto made by well-meaning [&hellip;]
- [eNaira, Nigeria's Digital Currency Website Goes Live. Over 1 Million Visits Recorded. Launch Date Rescheduled.](https://diutocoinnews.com/2021/09/enaira-website-goes-live/): The official platform of the soon to be launched Central Bank of Nigeria’s (CBN) digital currency, the eNaira, has been hosted live, a week to the planned launch of the Central Bank Digital Currency (CBDC). The website has already recorded over a million hits barely 24 hours after going live. According to report, the website promises easier financial transactions for users of eNaira, offers opportunity for peer-to-peer payments which allows users to send money to one another through a linked bank account or card; allows customers to move money from their bank account to their eNaira wallet with ease; can monitor [&hellip;]
- [Introducing the OKEx New Discovery Features](https://diutocoinnews.com/2021/09/okex-discovery-features/): OKEx cryptocurrency exchange trading platform has continued to innovate easy to use features to make navigation and trading on the platform easy, enjoyable and hassle free.  OKEx understands that crypto traders need as much information as possible and at the quickest rate possible to navigate market volatility. The new Discovery feature takes into cognizance the tiniest of details users need.  To access the Discovery feature, click on the market botton and the new Discovery feature will appear alongside features like Favorites, Spots, Derivatives and the recently upgraded data feature.&nbsp; Popular Categories on Discovery feature, lists live market data percentages of all [&hellip;]
- [Nigeria's Independence Day #Nft Contest (50,000 QLIP Token Reward Pool) ](https://diutocoinnews.com/2021/09/qlip-independence-day-nft-contest/): 100 Winners Will Be Announced! It&#8217;s recommended that you watch the video first before reading the article, but if you’ve already seen the video, then please continue. Disclaimer Before tokenizing your content, please make sure you have the creative rights to them, that means you’re the creator of these contents, and you’re not just taking any picture off the internet to mint and profit from. Theme: The theme of this contest is “Tokenizing Nigeria’s History And Heroes” We’re recognizing; Nigeria’s present Heroes in any frontier, create content about people who inspire you in Nigeria to Nation Building. Nigeria’s Past Heroes. Nigeria’s [&hellip;]
- [Naira Woes Continues. Hits All Time Low](https://diutocoinnews.com/2021/09/naira-falls-against-dollar-in-official/): Naira declined against the U.S. dollar at the official market Friday, reaching its lowest rate in that market, even as foreign exchange supply rose marginally. Data from the&nbsp;FMDQ securities exchange&nbsp;window where forex is officially traded, showed that naira closed at N414.90 per $1, the lowest it has ever traded at the so-called Investors and Exporters window. The currency’s performance on Friday represents N1.22 or 0.30 per cent devaluation from N413.68 it exchanged on Thursday. At the black market in Abuja on Friday, dealers said naira exchanged as low as 570 in the morning, but later rose to 568 per a dollar [&hellip;]
- [FANTOM'S Artion By Andre Coje is Here! FTM's New NFT Market Place.](https://diutocoinnews.com/2021/09/fantom-introduces-artion/): Fantom has launched on Friday, it&#8217;s NFT market place called Artion built on fantom blockchain and created by Andre Coje. Andre Cronje is a prolific coder, best known for creating Yearn Finance and Keep3rV1, as well as his participation in other high-profile DeFi projects including Hegic, Pickle, Cover, PowerPool, Cream V2, Akropolish, Sushiswap and others. Fantom, the highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications is bringing innovation into NFT market place, as Artion is feature-filled, open-source, fast, and inexpensive: 0% commissions, with the near-zero transaction costs and fast finality that you are used to. Artion supports Fantom-based ERC20 tokens, beginning with fUSDT, [&hellip;]
- [China Ban on Crypto Is Not New.](https://diutocoinnews.com/2021/09/china-bans-crypto/): China&#8217;s central bank on Friday said all financial transactions involving cryptocurrencies are illegal, making it the umpteenth time the communist nation is cracking down on crypto related spaces. The crypto crackdown, industry watchers claim is avenue China is using to launch its own digital currency already in the pipeline and have a firm control on the ecosystem by allowing the central government to monitor transactions. Virtual currency-related business activities are illegal financial activities,&#8221; the People&#8217;s Bank of China (PBOC) said in an online statement Friday, adding that offenders would be &#8220;investigated for criminal liability in accordance with the law.&#8221; The notice [&hellip;]
- [Snoop Dogg Unveils Self As Collector Of Valuable NFTs Under Pseudonymous Twitter Account](https://diutocoinnews.com/2021/09/snoop-dogg-collector-of-valuable-nfts/): American rapper Snoop Dogg has caught on to the fast-moving NFT train just like other celebrities of recent. After unveiling himself as the face behind a pseudonymous Twitter account with the handle @Cozomo de&#8217; Medici and with various NFT collections valued at $17 million, the rapper is now being regarded as an NFT whale.&nbsp; Snoop Dogg revealed that he has an array of expensive non-fungible tokens including the pricey Ethereum-based CryptoPunks. The rapper indicated that he has nine of the CryptoPunks NFTs amongst others such as 10 of Meebit NFTs, another collection created by Larva Labs, the team behind the CryptoPunks. [&hellip;]
- [You Can Now Receive Bitcoin As Tips On Twitter, NFT Authentication to Follow Suit.](https://diutocoinnews.com/2021/09/bitcoin-tipping-now-available-on-twitter/): Twitter Inc will allow people to tip their favorite content creators with bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company said on Thursday. The product announcements are part of Twitter&#8217;s effort to compete with rival platforms like Facebook (FB.O) and Alphabet Inc&#8217;s (GOOGL.O) YouTube for popular content creators with large followings. Twitter users globally on iOS devices can now send and receive digital payments, which was previously limited to a small group of testers. &#8220;We believe we can continue to incentivize the types of conversations that people want to see,&#8221; said Esther Crawford, [&hellip;]
- [Former NBA star, Kobe Bryant To Be Immortalized With NFT Collectibles](https://diutocoinnews.com/2021/09/former-nba-star-kobe-bryant-to-be-immortalized-with-nft-collectibles/): Late NBA star, Kobe Bryant is set to be immortalized with a new set of digital collectables. According to reports, KB24, a website formerly owned by the basketball star, is planning to release a set of charitable NFTs in honour of Kobe Bryant. The NFTs will be auctioned to collectors around the world. While divulging details about the NFT auction, the new owners of the KB24 website, Andy Treys and Sako Waves- also lifelong fans of Kobe- stated that there will be a 10-step roadmap for the Kobe-themed NFT collection. Indicating the anticipation for the NFT project, more than 7000 collectors [&hellip;]
- [Bitcoin Giveaway Scammer Takes Over Bitcoin.org Website.](https://diutocoinnews.com/2021/09/bitcoin-giveaway-scammer-takes-over-bitcoin-org/): Bitcoin.org’s website has gone dark after it was hacked by a giveaway scam earlier Thursday. The giveaway scam’s address has received over $17,700 in small transactions as of the time of writing, according to bitcoin explorer blockchain.com. On the early hours of today, a pop up message blocked the homepage, inviting visitors to send money to a Bitcoin wallet. The message claims that the received money will be doubled and sent back. The message claimed that the programe is a way the Bitcoin Foundation is giving back to the community. The pop message, reads that the offer is available for the [&hellip;]
- [Central Bank of Nigeria Partners With MasterCard For eNaira Design.](https://diutocoinnews.com/2021/09/cbn-partners-with-master-card-for-enaira-design/): Sets For Roll Out&#8230; The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex regulatory bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. She said that CBN has partnered with a lot of experts in digital currency technology delivery, such as MasterCard, and came up with the design which the apex bank is ready to publish. According to News Agency of Nigeria (NAN), Mohammed disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organised by the committee of e-Business in industry [&hellip;]
- [Zimbocash: Crypto Solution For Zimbabwe's Economic Challenges?](https://diutocoinnews.com/2021/09/zimbocash-crypto-solution-for-zimbabwes-economic-challenges/): Southern African country, Zimbabwe has always been in bad crises economically. More often than not, Zimbabwe&#8217;s currency decline and hyperinflation are cited during conversations as an example of how worse the legacy financial system could get. Hence, this has highlighted the need for an alternative monetary infrastructure which experts think will help address the dominant economic issues. &nbsp;Zimbocash, a decentralized currency and payments platform aims to be the or provide this alternative with an already existing anti-hyperinflation cum money printing initiative. Zimbocash&#8217;s Head of Subscriber Network, Last Savadye, shared details about the vision of the project in a Tuesday interview with [&hellip;]
- [Drop In Remittances to Africa Caused By Pandemic and Others](https://diutocoinnews.com/2021/09/drop-in-remittances-to-africa-caused-by-pandemic-and-others/): Remittances to Africa are likely to drop by 5.4%, findings from the 2021 report of Continental Migration have revealed. As of 2020, total remittances in the continent amounted to $44 billion. However, based on the report&#8217;s findings, a drop to $41 billion is expected this year. The expected decline in Africa&#8217;s remittances is attributed to the COVID-19 pandemic as one of the main causes. Despite this, a report by Africa News shows that remittances have become a reliable source of capital to the continent more than foreign investments. Drawing from this, the Continental Migration Report, advised governments to make active efforts [&hellip;]
- [Top List of Freelance Websites to Get You a Pay in Bitcoin in 2021](https://diutocoinnews.com/2021/09/top-bitcoin-freelance-websites/): This is a list of the top freelance website that can pay you in Bitcoin for job in 2020. These are websites which allow you to register either as an employer looking for a freelancer, or a freelancer looking to be employed.  
- [Regulate Crypto: ICPC Urges Nigeria's National Assembly.](https://diutocoinnews.com/2021/09/icpc-urges-nass-to-regulate-cryptocurrency/): The Independent Corrupt Practices and other related offences Commission, ICPC, has urged the National Assembly to create legislations that would regulate cryptocurrency trading in Nigeria. Chairman, ICPC, Prof. Bolaji Owasanoye (SAN) made the call at the opening ceremony of a two-day capacity building retreat with National Assembly and ICPC Board/Committee Directors with the theme, “Corruption, IFFS and financing for national development,” held on Tuesday in Uyo, Akwa Ibom State capital. The commission added that the operators have used the medium to perpetrate&nbsp;heinous crimes such as money laundry and payment of ransom for kidnapping. Owasanoye noted that gaps in the law and [&hellip;]
- [AbokiFX Responds To CBN Threats, Withdraws Forex Updates From Website](https://diutocoinnews.com/2021/09/abokifx-responds-to-cbn-threats-withdraws-forex-updates-from-website/): The team behind the company Abokifx, on Friday, published a statement on its official website stating that the website would be suspending forex trading rate updates this was due to the threat from the central bank of Nigeria. The statement published on its website on Friday stated “abokiFx has taken the decision today, the 17th of September 2021, to temporarily suspend rate updates on all our platforms, until we get better clarity of the situation,” the statement publicized partially reads. It said the final rates have been posted Friday evening and that its news section and the Cryptocurrency category will still [&hellip;]
- [South Africa's Africrypt $3.6 Billion Bitcoin Saga Continues, to Testify in Court Via Virtual.](https://diutocoinnews.com/2021/09/africypt-to-testify-in-court-virtually/): Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in a judicial inquiry that seeks to determine the fate of the collapsed crypto investment platform. According to an Itweb&nbsp;report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will only do so virtually. The report confirms that both Ameer and Raees, who have already received several death threats, were initially scheduled to appear before the inquiry in the second week of September 2021. However, this was postponed after the lawyer for the Cajee brothers requested “an [&hellip;]
- [Nigerians Must Accept e-Naira: CBN Says.](https://diutocoinnews.com/2021/09/nigerians-must-accept-e-naira-cbn-says/): The Central Bank of Nigeria notes that the e-naira which is set to be launched on October 1 is a legal tender equal to the value of the naira and therefore must be accepted as a form of payment by all traders and business corporations. Musa Jimoh, the CBN Director, Payment System Management, said this during an interview on the ‘Business Morning’ programme on Channels Television on Monday. Jimoh said, “Today, anywhere you present naira to pay, compulsorily it must be accepted because that is our fiat currency. So, the same way naira is accepted that you can’t reject it, is [&hellip;]
- [24-Year-Old Australian Crypto Fraudster Sentenced To Prison for Stealing $90 Million Through A Ponzi Scheme](https://diutocoinnews.com/2021/09/24-year-old-australian-crypto-fraudster-sentenced-to-prison-for-stealing-90-million-through-a-ponzi-scheme/): An Australian, Stefan Qin has been sentenced to seven and a half years in prison for conducting two illegal cryptocurrency funds and tricked investors to invest in the projects reading to millions of Dollars. The 24 years old will be spending the next 7 years in federal prison for swindling his customers for a total of $90 million. The court has also charged that he relinquishes $55 million from the embezzled money. The young man honestly used the money for personal purposes, such as services, food, and renting a luxurious penthouse apartment in New York. Qin did not stop there, he [&hellip;]
- [Bursted! EFCC Declares Wales Kingdom Capital Founder Wanted Over Missing N935 Million Investors Funds](https://diutocoinnews.com/2021/09/efcc-declares-ponzi-scheme-operator-wanted/): Economic and Financial Crimes Commission (EFCC) has declared founder of Wales Kingdom Capital Ltd, Adewale Daniel Jayeoba, a ponzi scheme operator wanted over an alleged investment scam. &#8220;Some of the people who fell for the scam have committed suicide&#8221; according to one of the victims Sogbeyinde Saheed who claimed to have invested N4 million in the ponzi scheme. &#8220;My own N4 million is still in his hand,&#8221; he said. The EFCC said Jayeoba, a native of Ori-Ade Local Government in Osun State, used to live at Suit 1004, Providence Centre, MKO Abiola Way, by NNPC Mega Station, Abeokuta, Ogun State. “The [&hellip;]
- [OKEx to Launch CELR Staking on OKEx Earn ](https://diutocoinnews.com/2021/09/okex-to-launch-celr-staking-on-okex-earn/): OKEx Earn will launch CELR staking service at 03:00 am UTC on September 22, 2021. Users will be able to stake CELR with just a few clicks and earn yield in return. How to stake CELR Web: From the OKEx homepage, hover over “Finance” in the top menu and click Earn from the drop-down list. On the Earn page, you can find CELR via the search box or by scrolling through the list of assets. Click Select to see staking information and then Subscribe to choose the amount of CELR you wish to stake. Mobile: From the app’s home screen, tap [&hellip;]
- [Big Brother Naija Task Team Winners To Be Rewarded in Bitcoin](https://diutocoinnews.com/2021/09/bbnaija-task-team-wins-bitcoin/): The Big Brother Naija Shine Ya Eye housemates participated in a challenge organised by a crypto retailing platform and Team Bitcoin emerged victorious in the task. Members of Team Bitcoin include Liquorose, Cross, Saskay, Queen, and Emmanuel and they won $5000 worth of bitcoin as their prize, as announced after their performance. In addition, Pere, who acted as the umpire for the games would join the winning team in sharing their price.task which took place on Saturday, day 56 of the show, involved several activities and the housemates were divided into two teams: Team Bitcoin and Team Ethereum. The task which [&hellip;]
- [Fintech Helps Churches In Kenya To Receive Donations &amp; Offerings.](https://diutocoinnews.com/2021/09/fintech-helps-church-receive-donations-in-kenya/): A Kenya-based fintech startup that helps churches and non-profit organisations&nbsp;receive donations&nbsp;through multiple payment channels, has secured an undisclosed amount of seed funding for product development and team expansion.&nbsp; The investment in Jumuisha came from SprintX, a venture studio for early-stage startups based in the United States. In addition to the funding, Sprint will also provide the startup with business strategy, marketing, and technology expertise. Using the app, churches and NGOs can receive donations via USSD, bank transfer, mobile money, online payment, or credit cards, and also make payments to contractors, suppliers, and employees. The platform provides a real-time overview of and [&hellip;]
- [Update: CBN Declares Abokifx Founder Wanted.](https://diutocoinnews.com/2021/09/abokifx-founder-wanted/): Central Bank of Nigeria has declared Oniwinde Adedotun Abokifx founder wanted for breaching National Economic Intelligence Act 2004 and for illegal dealing in forex. Godwin Emefiele, CBN governor, and while speaking today, September 17, at the end of the 280th Monetary Policy Meeting (MPC) referred to Oniwinde as an illegal forex dealer. The governor added that Oniwinde will be prosecuted for endangering the Nigerian economy. Here is our previous report.
- [Zimbabwe Finance Minister Says : Crypto Solution to Lower Diaspora Remittance Rate](https://diutocoinnews.com/2021/09/zimbabwe-to-adopt-crypto-solution-for-remittance/): The Zimbabwe Minister of finance, Mthuli Ncube, recently visited DMCC Crypto Centre in Dubai, a UAE facility that claims to be building the largest ecosystem for cryptographic, blockchain, and distributed ledger technologies in that country. Ncube is one of the leading ministers in talking about cryptocurrencies. His views are appreciated as an indication of his openness to the possibilities that crypto and blockchains adoption. He tweeted about acquiring affordable remittance solutions for Zimbabwe. &#8220;I visited the DMCC CRYPTO CENTRE in Dubai, which is a fascinating incubation hub for crypto currency and payment solutions. Came across solutions that could lower charges for [&hellip;]
- [Central Bank Of Nigeria Shutdown Abokifx.com Accounts Over Forex Speculation.](https://diutocoinnews.com/2021/09/cbn-shutdown-abokifx-accounts/): Central Bank of Nigeria CBN, today closed all operating accounts belonging to online forex rate publishing platform, abokifx.com over what the apex bank termed unauthorised publication of forex rates. In a circular sent to all commercial banks by CBN requesting immediate freezing of accounts belonging to the forex rate publishing platform, and requesting a transaction record of abokifx.com, the regulatory apex bank claim that abokifx.com violates and breached the National Economic Intelligence and Committee Act 2004. The Act stipulates that it is an offense to, &#8220;publish or cause to be published exchange and interest rates other than the rates determined by [&hellip;]
- [Axie Of BSC is Here ! Find The Latest MVB III Stars To Be Listed.](https://diutocoinnews.com/2021/09/axie-bsc-to-be-listed/): Binance Smart Chain is set to make Axie out of the Most Valuable Builder of the Month among the GameFi and Metaverse NFT as it announce 10 top star finalists of MVB III BUIDL. The MVB initiative has had a huge impact in making Binance Smart Chain becoming the most-used blockchain globally and has selected Axie like projects that has potential to grow exponentially in value. In August, 17 projects with Axie potentials were highlighted in a Binance announcement as deserving of significant recognition for their ‘innovation, activity, user base and performance. Only ten top finalists will be listed for their outstanding contribution and [&hellip;]
- [Who Will Help Naira ? Falls Further To 570 Against Dollar.](https://diutocoinnews.com/2021/09/naira-falls-to-570/): Naira depreciated further against the U.S. dollar at the forex and crypto unofficial market on Wednesday. However, the currency gained marginally against the hard currency at the official market. According to our findings, at the  parallel market rates in Lagos, the local unit closed at N557.00 per $1 at the black market window on Tuesday. This translates to a N2.00 or 0.20 per cent devaluation from the N550.00 it exchanged on Monday, with the local unit maintaining a steady decline for a week on a stretch. Meanwhile, the currency gained slightly against the greenback currency at the official market on Tuesday as&nbsp;foreign exchange&nbsp;supply&nbsp;increased&nbsp;slightly. Data recorded [&hellip;]
- [Nigeria Crypto Market Records 1,200% Growth In One Year.](https://diutocoinnews.com/2021/09/nigeria-crypto-market-records-1200-growth/): Global blockchain data analyst, Chainalysis on Tuesday reports that cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. According to the report, the African region has one of the highest grassroots adoptions in the world, with Kenya, Nigeria, South Africa, and Tanzania ranking in the top 20 of its Global Crypto Adoption Index. The report added that Africa has the third-fastest growing cryptocurrency economy, and a bigger share of its overall transaction volume made up of retail-sized transfers than any other region at just over 7 per cent, versus the global average of [&hellip;]
- [Near Protocol Nigeria Kano|Hacknode: Summary of Event](https://diutocoinnews.com/2021/09/near-protocol-nigeria-kanohacknode-summary-of-event/): The Near protocol Nigeria had their very first conference in Nigeria which was a Local Hacknode. This is the first of many to come and the first chosen city that the Near Protocol Nigeria team decided to announce their presence in Nigeria was KANO state. The event occurred on the 11th of September 2021 in one of the conference Halls of Grand Central Hotel.&nbsp; The events that took place that day were a myriad of interesting and educational activities. It was an eye-opening event for a lot of young minds especially Developers as the main aim of Hacknode was to make [&hellip;]
- [Nigeria Digital Currency, eNaira Safer Than Privately Issued Cryptocurrencies : CBN](https://diutocoinnews.com/2021/09/enaira-safer-than-privately-issued-cryptocurrencies/): Central Bank of Nigeria deputy governor, Folashodun Shonubi has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” He made the assertion at a virtual event organized by the Chartered Institute of Bankers of Nigeria (CIBN). The deputy governor listed the safer options as payment system stability, faster and cheaper cross-border remittances. &#8220;The central bank digital currency offers all the benefits of cash but in digital form. Every single digital currency is an electronic version of the cash, the legal tender. When you make a cash payment, settlement is done instantly; [&hellip;]
- [If It Is Too Good To Be True, Run!!! -Nigerians Lose N300 Billions To Ponzi Schemes, Speculative Trade.](https://diutocoinnews.com/2021/09/nigerians-lose-n300-billion-to-ponzi/): Ponzi schemes, also known as pyramid investments, are a form of financial fraud that lures investors with the promise of high returns but often ends up giving no returns at all, with a possible loss of investors’ total capital. This has been a recurring challenge and has of late grown aggressively as more Nigerians have fallen and are still falling victims to such schemes. The Guardian Investigatons gathered that of the N300 billion lost by millions of Nigerians to ponzi schemes in the past few years, over 2,000 speculators lost N900 million to Yuan Dong Ponzi. Also, Galaxy Transport Ponzi schemes defrauded victims [&hellip;]
- [Viral Picture Of President Buhari's Trouser Listed As NFT Crypto.](https://diutocoinnews.com/2021/09/viral-buhari-trousers-picture-as-nft/): A recent viral photo of Nigeria&#8217;s president on khaki coloured pants worn during one of his presidential outings that became social media sensation has been listed as NFT (Non Fungible Token) on popular NFT/ DeFi platform Opensea. Follow this link to view the NFT on Opensea platform The viral picture was cut down from wasit, showing only the trousers/pants and uploaded on OpenSea as Non Fungible Token. The NFT named &#8220;BuhaTrouser&#8221; was listed in an untitled collection; #78268226. The NFT collectible, which is on the recently listed collections, has not received any bidding at the time of this report. The price [&hellip;]
- [Will Nigerian Banks Survive eNaira ?](https://diutocoinnews.com/2021/09/will-nigerian-banks-survive-enaira/): The much anticipated unveil­ing of digital currency by the Central Bank of  Nigeria (CBN), also known as e-naira, according to analysts, is a major step in digital banking that will benefit consumers but not good for the banks. ­In this opinion report by Bamidele Ogunwusi, the impact of eNaira for Nigerian banks is x-rayed. The CBN, in a recent state­ment, said it has concluded plans to launch its Central Bank Digital Currency (CBDC) pilot scheme called the e-naira on October 1, 2021, with Bitt Inc., a finan­cial technology company that utilises block chain and dis­tributed ledger technology to facilitate secure peer-to-peer [&hellip;]
- [Western Union, MoneyGram May Lose $400 Million To Bitcoin Remittance](https://diutocoinnews.com/2021/09/western-union-moneygram-lose-to-bitcoin-remittance/): Chivo Wallet, El Salvador’s latest Bitcoin app, could ensure that money service providers such as Western Union and MoneyGram lose around $400m in remittance commission. According to a report by CNBC, these remittance service providers could start losing customers and money. CNBC’s MacKenzie Sigalos said the loss in remittance commission could be close to $400m a year.“If you want to send $10 from Canada to El Salvador via Western Union’s app = $3.24 fee; Muun [to] Chivo wallet = $0.10; Chivo [to] Chivo = free. Present Bukkele’s new bitcoin wallet could cost co’s like Western Union $400m/y.” “If you want to [&hellip;]
- [How To Research Crypto You Want To Buy.                         What To Look Out For.](https://diutocoinnews.com/2021/09/how-to-research-cryptos-to-buy/): Making decisions on what cryptocurrency to invest in both for long and short term trading can be a daunting task. Investors are plagued with so much questions. There are thousands of listed cryptocurrencies, each promising huge returns from the developers. The major questions usually are: Will the cryptocurrency I am buying going to be profitable ? How do I identify profitable cryptocurrencies ? What do I look out for when researching ? This article will be looking at eight tips crypto traders should look out for when researching for cryptocurrencies. • Research For Online Visibility Cryptocurrency is a digital asset with [&hellip;]
- [Togo Leads Africa In 2021 Global DeFi Adoption.](https://diutocoinnews.com/2021/09/togo-leads-africa-in-defi-adoption-3/): Togo is the only country ranked in the top 20 on Chainalysis upcoming DeFi Adoption Index. This is an impressive performance for the West African Nation of just 8 million people after it was ranked 3rd in Africa and 9th in the world in Chainalysis 2021 Crypto Adoption Index. Chainalysis DeFi Adoption Index is a measurement created by the blockchain research firm that ranks countries based on DeFi adoption. Similar to its 2021 crypto adoption index, the DeFi Adoption Index is designed to highlight countries with the highest grassroots adoption by individuals rather than those sending the largest raw values of [&hellip;]
- [Nigeria Fintechs Pull In $293.2 Million in First Half of 2021.](https://diutocoinnews.com/2021/09/nigeria-fintechs-pull-in-293-2-million/): The first half of the 2021 financial year has seen Nigeria fintech industry generating $293.2 million, out of which 70% is earned from foreign direct investment. According to intelligence data from Techpoint, the data and research arm of Techpoint Africa, it is estimated that Nigeria’s FinTech revenue will reach $543 million by 2022. The report also showed that in 2018, Nigerian startups raised $178.3 million with 87 per cent of it being from foreign investors. According to the report, in 2019, $377.4 million was realised and 94.8 per cent of it was also from foreign investors, while in 2020, $120.6 million [&hellip;]
- [Bitcoin Whale Buys Almost 500 BTC](https://diutocoinnews.com/2021/09/bitcoin-whale-buys-almost-500-btc-2/): Market declines often present themselves as an opportunity for traders to get into the market at a discount. A Bitcoin whale said to own the third-largest Bitcoin wallet has taken advantage of the current dip to buy more of the flagship cryptocurrency. According to reports, his latest purchase is almost 500 BTC valued at $23 million. Reports emerged that the Bitcoin whale made the BTC purchase on Wednesday, September 8, as most cryptocurrencies continued to trade at a low after things unexpectedly crumbled by mid-Tuesday. The Bitcoin whale had bought the 490 BTC when the top crypto asset was changing hands [&hellip;]
- [Naira Depreciates N550 To a Dollar.](https://diutocoinnews.com/2021/09/naira-depreciates-550-to-a-dollar/): The Naira was at a record low against the dollar this week, depreciating to nearly N550 at the unofficial market from N530 at last week’s close as demand for the greenback from importers continues to bump up against scarce market liquidity. Checks in Kano revealed the record high forex rate especially at the Kano’s popular Wapa BDC market in Wapa, where forex traders said as of Thursday evening, a dollar was exchanging for N549, and that it could even exceed N550 before the close of the day. Aminu Shua’ibu Malan, a trader in the market, said: “Prior to the last three [&hellip;]
- [Nigerian Transportation Company GIGM Plunges Into Cryptocurrency](https://diutocoinnews.com/2021/09/nigerian-transportation-company-gigm-plunges-into-cryptocurrency/): First-class Leading transportation and logistics company in Nigeria God is Good Motors (GIGM) is set to enter the blockchain and cryptocurrency industry. The transportation company has been in operation in Nigeria since 1998 and has built a network across the country and in Ghana. News and data have shown that Nigeria is one of the leading nations in terms of crypto adoption and it is not news why the company has chosen to get into the blockchain and cryptocurrency industry. God is Good Motors (GIGM) has already come up with a cryptocurrency wallet that allows people to store cryptocurrencies according to [&hellip;]
- [South African Crypto Exchange Sets New Withdrawal Limits, Claims Restrictions : a Deterrent for Illicit Actors](https://diutocoinnews.com/2021/09/luno-sets-new-withdrawal-limits-in-south-africa/): One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.” Transfers From Luno to Binance Blocked However, despite this acknowledgement, Luno has so far refused to explain how the exchange sets the so-called “dynamic risk-based limits.” According to a report, the limits — which are separate from the send limits that appear on Luno’s website — were discovered by one of the exchange’s clients. The discovery became apparent to [&hellip;]
- [Crypto Trading is Booming in Nigeria Regardless of Restrictions.](https://diutocoinnews.com/2021/09/crypto-trading-thriving-despite-restrictions-2/): Finance expert, Rume Ophi has said cryptocurrency trading has continued to thrive in Nigeria despite restrictions from the government, he made this known at a seminar on finance and money matters organised in Lagos. According to him, failed government institutions, growing uncertainty and instability around the Naira, which has had increasingly divergent official and parallel exchange rates with the US dollar, among other factors that have contributed to the rapid growth of cryptocurrency in Nigeria and Africa, as a whole. Ophi who spoke on the opportunities in cryptocurrency as an investment alternative explained that some of the best-performing countries in the [&hellip;]
- [Criminals Now Prefers Cryptocurrency-EFCC Chairman.](https://diutocoinnews.com/2021/09/criminals-prefers-crypto-efcc-chairman/): Chairman of the Economic and Financial Crimes Commission (EFCC) says bitcoin and ethereum are now criminals’ favourite means of exchange. Abdulrasheed Bawa, EFCC chairman, made the assertion at the 38th Cambridge International Symposium on economic crimes themed; Economic Crime- Who Pays and Who should Pay ?&#8221; The discourse was organized by the Center for International Documentation on Organized and Economic Crime (CIDOEC), Jesus College, University of Cambridge, United Kingdom. Bawa said economic crimes, which are largely illegal acts committed for private gain, affect global economies and deprive developing nations of resources for sustainable development. He called for collaborative approach by authorities [&hellip;]
- [Zimbabwe’s Crypto Ponzi Scheme: CoinShares Disappears With Over $5 Million Investors Funds](https://diutocoinnews.com/2021/09/zimbabwe-crypto-ponzi-scheme-coinshares-disappears/): Shocking details are now emerging concerning the suspected crypto pyramid scheme that has swindled more than $5 million from people in Zimbabwe. According to a news report, Thomas Mhlanga, the person who began the scheme, can not be found and claims his account has ‘been locked.’ Mhlanga, a Zimbabwean based out of South Africa, has been postponing the payments dates since July 2021, giving different excuses until early September 2021 when he told investors to pay 10% of their money that they had invested for him to be able to unlock his account and make all payments. According to investors, they paid [&hellip;]
- [Crypto Flash Crash Wipes Out $400 billion in Market Value As El Salvador Buys The Dip.](https://diutocoinnews.com/2021/09/crypto-flash-crash-wipes-out-400-billion/): The cryptocurrency market posted staggering losses Tuesday as a wave of selling pummeled the prices of nearly every single coin— wiping out over one month of profit in few hours. The value of world cryptocurrencies plunged to a low of about $ 11.9 trillion from 16:15 UTM on Tuesday nearly 15% less than 24 hrs prior, representing a loss of more than $410 billion according to CoinMarketCap data. Leading in market value losses, Bitcoin price dipped 15% less than $43,000; lowest price in nearly three weeks. It quickly reset some of the losses, settling at $46,800, lower than a day earlier. [&hellip;]
- [US-based Firm Claims Passwords to Digital Wallets Containing Lost Bitcoins Can be Recovered](https://diutocoinnews.com/2021/09/us-based-firm-claims-passwords-to-digital-wallets-containing-lost-bitcoins-can-be-recovered/): The crypto industry has had a chequered history- containing the positives and negatives just like an electric charge. From crypto scams to hacks and lost bitcoins, cryptocurrency enthusiasts have witnessed them all.&nbsp; A US-based firm is dangling the hope of recovering lost and long-forgotten passwords or private keys to digital wallets containing varying amounts of Bitcoin before the victims. Operating under the business name Crypto Asset Recovery, Chris and Charlie Brooks, both father and son based in New Hampshire, US, have highlighted the possibility of recovering Bitcoins, which may have been thought to be lost forever.&nbsp; Chris and his son claim [&hellip;]
- [Bitcoin Becomes Legal Tender In El Salvador.](https://diutocoinnews.com/2021/09/bitcoin-becomes-legal-tender-in-el-salvador/): World First National Adoption. El Salvador today, Tuesday 7th of September, 2021, becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international warnings of risks for consumers. President Nayib Bukele&#8217;s government claims the move will give many Salvadorans access to bank services for the first time and save some $400 million in fees on remittances sent home from abroad every year. &#8220;Tomorrow, for the first time in history, all the eyes of the world will be on El Salvador. #Bitcoin did this,&#8221; Bukele said on Twitter Monday. He started the ball rolling [&hellip;]
- [Binance Refutes South Africa Regulator Allegations.](https://diutocoinnews.com/2021/09/binance-refutes-south-africa-regulator-allegations/): Binance released a statement in which it denies accusations that it provides financial advice or renders any intermediary services. In a statement released on Twitter less than 24 hours after the Financial Sector Conduct Authority (FSCA)’s warning, the crypto exchange also denies having any ties or links to the organization “Binance Group.” In a statement issued by the global crypto exchange trading company, last week in a Twitter thread it explained that FSCA might have erred when it issued the warning. The thread explained: &#8220;Binance Group’ is not a Binance.com entity, please be mindful of scammers pretending to be associated with Binance.com&#8221; As&nbsp;reported&nbsp;by [&hellip;]
- [How Africa can lead the financial and crypto revolution](https://diutocoinnews.com/2021/09/how-africa-can-lead-crypto-revolution/): In this opinion piece by Julien Barbier( CEO of an education start-up in Africa) , a thorough look into how far Africa has come in crypto new tech revolutions and how much Africa needs to go is x-rayed. A good read in understanding the current situation of finance and crypto in the continent. The effects of the fourth industrial revolution in Africa have been taking everyone by surprise. While all eyes were turned to the US, Europe, and China, Africa was silently growing much faster than anyone anticipated, especially in financial technologies. The combination of mass adoption of recent technologies in [&hellip;]
- [Ethereum's First Deflationary Day Recorded](https://diutocoinnews.com/2021/09/ethereums-first-deflationary-day-recorded-2/): Weeks after the EIP-1559 was deployed on its network, Ethereum records its first deflationary day. This means that for the first time since the London Hard fork upgrade, more Ether was burned than those mined by miners on September 3.&nbsp; Apart from the fee stability feature which the EIP-1559 introduces, it also adds a fee-burning structure to the network, whereby the base fee for every transaction is burned. Essentially, this is geared toward reducing the circulating supply of the largest altcoin, currently standing at 117.4 million. The altcoin does not have a supply cap. However, Ether&#8217;s supply returned to normal the [&hellip;]
- [Senegal's Celebrated Akon City Proposed By African Artiste, Akon, Slow In Progress.](https://diutocoinnews.com/2021/09/senegals-celebrated-akon-city-proposed-by-african-artiste-akon-slow-in-progress-3/): Akon City, the crypto-powered city suggested by African rapper Akon might be a &#8216;white elephant&#8217; project in light of the recent controversy trailing its progress. As proposed, West African country Senegal will harbor the smart city with digital currencies forming a core part of its infrastructure. However, locals in the village of Mbiodene, Senegal, where the city is meant to be sited are worried sick about the pace of the project and fear that it might be discontinued. The rapper had revealed his plans for the project since 2018. Touted as a project that would be a &#8216;beacon of innovation and [&hellip;]
- [US SEC Investigates Crypto Exchange Developer, Uniswap Lab](https://diutocoinnews.com/2021/09/us-sec-investigates-uniswap/): The U.S. Securities and Exchange Commission (SEC) is investigating Uniswap Labs, the main developer behind one of the world&#8217;s largest cryptocurrency exchanges, Uniswap, the Wall Street Journal reported the past week, citing people familiar with the matter. Enforcement attorneys are looking for more information on how investors use Uniswap and the manner in which it is marketed, the report said. SEC&#8217;s probe into Uniswap Labs comes amid heightened regulatory interest into cryptocurrencies and the digital asset market, with Chair Gary Gensler calling on Congress last month to give the agency more authority to better police crypto trading and lending. Uniswap is a crypto marketplace [&hellip;]
- [Opinions Against CBN's Snub of Nigerian Fintech Companies On eNaira Development Grows Among Industry Players.](https://diutocoinnews.com/2021/09/stakeholders-against-cbn-bitt-inc-choice/): Stakeholders in fintech and digital currency in Nigeria were bewildered when CBN announced that it will be partnering with Barbados based fintech company Bitt Inc for the technical development of eNaira. Many believed that Nigeira digital currency ecosystem is filled with technocrats who has better skills and experience than the foreign company chosen by the nation&#8217;s apex bank. Seasoned human rights and tech lawyer Mahmud Abdul in his tweet berated the Central Bank of Nigeria for it&#8217;s decision. Kalu Aja, a financial investment specialist in the tweeter conversation noted that; &#8220;One would have assumed that the CBN that always preaches &#8220;Buy [&hellip;]
- [Naira Drops To N530 Per Dollar In Forex and Crypto Market.](https://diutocoinnews.com/2021/09/naira-drops-to-n530-to-a-dollar/): Naira hit a new record low, depreciating against the dollar at the parallel market, as it closed at N530/$1 on Thursday, 2nd&nbsp;September 2021, representing&nbsp;a N2 drop when compared to N528/$1 recorded on the previous trading day. The naira fell&nbsp;to an all-time low against the US dollars in the black market due to increased demand for foreign exchange by importers who cannot access forex at the official window. The new change has reflected on global crypto exchange platforms where Naira is pegged 530 against dollar. Dollar stablecoions now sells at 530 Naira to a dollar According to Reuters, the local currency is [&hellip;]
- [Binance Is Not Authorized To Operate In South Africa, Regulator Warns.](https://diutocoinnews.com/2021/09/south-africa-regulator-warns-binance/): Financial Sector Conduct Authority (FSCA) of South Africa warns South African users in a statement issued on Friday to be cautious when using Binance, noting that the global cryptocurrency exchange company is illegally operating in it&#8217;s jurisdiction. The South African financial institutions regulator, made public a notice about Binance stating: &#8221; The Financial Sector Conduct Authority (FSCA) warns the public to be cautious and vigilant when dealing with Binance Group as they are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) in South Africa.&#8221; [&hellip;]
- [Twitter To Allow Profiles Add Bitcoin Addresses For Tipping.](https://diutocoinnews.com/2021/09/twitter-profiles-to-have-bitcoin-addresses/): Developers at&nbsp;Twitter&nbsp;are working on a new feature that will allow users to accept tips in&nbsp;Bitcoin&nbsp;via the Tip Jar function the social media platform unveiled earlier this year. Kayvon Beykpour, Twitter&#8217;s product lead, first indicated the feature was in progress on Wednesday when he commented on a screenshot tweeted out by app developer Alessandro Paluzzi. The screenshot appeared to show Twitter using The Lightning Network, a technology that helps secure payment transfers, to allow Twitter users to use Bitcoin when sending tips. Twitter officially unveiled its Tip Jar function in early May. The initial launch enabled users to share links to their [&hellip;]
- [Nigeria Securities And Exchange Commission Set To Create Cryptocurrency Dept.](https://diutocoinnews.com/2021/09/sec-to-set-up-crypto-division/): The Nigeria Securities and Exchange Commission (NSEC) said that it has set up a Cryptocurrency division to study cryptocurrency investments and products in order to help it initiate policies that will help regulate the sector. This disclosure was made by the Director-General of SEC, Lamido Yuguda, during a virtual interview with Reuters on Thursday in Abuja. Yuguda said,&nbsp;“We are looking at this market closely to see how we can bring out regulations that will help investors protect their investment in blockchain.’’ Although he did not provide any time frame for issuing the regulations, the SEC boss said the capital market regulator [&hellip;]
- [OKEx Lists AGLD Token](https://diutocoinnews.com/2021/09/okex-lists-agld-token/): OKEx is has listed AGLD — the native asset of Adventure Gold— on spot trading markets. Trading of AGLD started according to the following schedule: 1. AGLD deposits opened at 7:00 am UTC on September 3. 2. Spot trading for AGLD/USDT opened at 9:00 am UTC on September 3. 3. AGLDwithdrawals opened at 10:00 am UTC on September 6. AGLD is a governance token for the Loot project initiated by the crypto community. All Loot holders can claim a bag of AGLD tokens. Loot is randomized adventurer gear generated and stored on-chain. Asset name: Adventure Gold Ticker: AGLD Total Supply: 70,120,001 Circulating Supply: 70,120,001 (Data from [&hellip;]
- [Become OKEx VIP to Enjoy Exclusive Benefits](https://diutocoinnews.com/2021/09/become-okex-vip-to-enjoy-exclusive-benefits/): OKEx is always devoted to improving user’s experience with professional products and services, as well as providing the most favorable policy to reward our VIP traders. Therefore we launch the VIP Program for MEA regions,&nbsp; presenting a series of exclusive benefits including highly competitive trading fees, 1v1 manager 24/7 support and more privileges to unlock! What is the OKEx VIP program? OKEx VIP program is aiming to provide exclusive reward, privileges and services for our high-volume VIP traders. There are 7 levels of VIP standards, the higher trading volume level you reach, the better benefits you will enjoy! Click here to [&hellip;]
- [Global Cyber Security Coy Detects 1500 Fraudulent Crypto Attacks, 0.71% Of The Strike Is On Nigerian Users.](https://diutocoinnews.com/2021/09/cyber-security-detects-fraud/): In 2021, so far, Kaspersky has detected more than 1,500 fraudulent global resources aimed at potential crypto investors or users who are interested in cryptocurrency mining. During this period, the company also prevented more than 70,000 user attempts globally, to visit such sites¹ The most common schemes used by cybercriminals according to the cyber security organization, included: Creating fake cryptocurrency exchange websites: in this case, the user is allegedly given a coupon for replenishing an account on a crypto exchange. However, to use it they must carry out a verification payment of usually no more than 0.005 Bitcoin (about 200 US dollars), which [&hellip;]
- [El Salvadorans Protest Against The Bitcoin Law Slated For September 7](https://diutocoinnews.com/2021/09/el-salvadorans-protest-against-the-bitcoin-law-slated-for-september-7/): In the last few days, resentment and panic of the coming application of the Law of Bitcoin as legal tender have aggravated the situation of Salvadorans, and demonstrations have already begun to take place in the streets against Bitcoin. The political situation in El Salvador is only getting worse as the day approaches when the country will start adopting Bitcoin as legal tender. By September 7th in the year 2021, the Bitcoin Law will become mandatory. According to the context of this Law, all financial agents must accept Bitcoin along with the dollar as a means of payment. As publicized by [&hellip;]
- [In South Africa, Property Firm Receives Rents In Crypto.](https://diutocoinnews.com/2021/09/receives-rents-in-crypto/): A property company in South Africa, is piloting rent deposit payments in crypto for a new residential property up in Johannesburg. The company, which owns and manages a broad range of commercial and residential properties, has tenants who are typically young professionals who may be interested in using their crypto to make payments rather than cash or cheque. In the arrangement, tenants will be able to pay deposits from their accounts to the company&#8217;s account on a leading cryptocurrency exchange in South Africa. The platform will accept bitcoin and ether, and according to Saul Mayers, Head of Legal, all gains are [&hellip;]
- [Central Bank of Nigeria Collaborates With Int'l Fintech Company Bitt Inc  For eNaira.](https://diutocoinnews.com/2021/08/cbn-patners-bitt-inc/): The Central Bank of Nigeria (CBN) has revealed that Bitt Inc., an international fintech firm, will play the role of a Technical Partner for its digital currency, eNaira, which would be launched for usage later in the year. The report in a communique issued on the 30th of August, 2021 and signed by Osita Nwanisobi the Director, Corporate Communications reads; &#8220;Project Giant, as the Nigerian CBDC pilot is known, has been a long and thorough process for the CBN, with the Bank’s decision to digitize the Naira in 2017, following extensive research and explorations. Given the significant explosion in the use [&hellip;]
- [BitKeep: Another Popular Multi-Chain Compatible Crypto Mobile Wallet Among Nigerians](https://diutocoinnews.com/2021/11/bitkeep-nigeria-crypto-wallet/): BitKeep is a renowned non-custodian Multi-Chain digital wallet, committed to delivering safe digital asset management and financial aids to users around the world. Established in March 2018, BitKeep is special because not only does it have numerous imaginable features that crypto wallets have, but it also has amazing features which are only peculiar to BitKeep. Almost everyone uses crypto wallets to trade and transact currencies. BitKeep is set to optimize that which is why it offers its customers the opportunity to trade in numerous kinds of currencies like BTC, EOS, Tron, and Ether, making BitKeep a multi-currency wallet. Users can buy, [&hellip;]
- [The Viral Squid Games Token Is a Scam, An Over $2.5 Million in Binance Token Gone,  After 23,000% Gains.](https://diutocoinnews.com/2021/11/viral-squid-games-token-is-a-scam/): The price of a viral cryptocurrency inspired by the hit Netflix show Squid Game crashed Monday morning after reports detailing the project’s unknown founders had closed activities on the token and run away with investor funds.  According to Forbes report, the price of the so-called Squid Game token lost virtually all of its value at about 6 a.m. EDT, plummeting from a price of more than $2,861 to less than half a penny and wiping out $6 billion in market value within 15 minutes, according to cryptocurrency data website CoinMarketCap. The crash started after users noticed wallet activity suggesting the token’s alleged developers [&hellip;]
- [Cryptos Likely To See Growth in November.](https://diutocoinnews.com/2021/11/cryptos-likely-to-rise-in-november/): It&#8217;s safe to say that metaverse season is here. With the recent rebranding of Facebook business name to Metaverse and the ingenious plan by the company to bring metaverse on a large scale mainstream level, most metaverse themed crypto are seeing tremendous price growth. Here is a look on cryptocurrencies likely to surge in November. SAND ; This utility GameFi/Metaverse blockchain ecosystem, comes with metaverse of involved players where you can virtual do most things with $SAND token as means of payment. Sand is Surging and it&#8217;s crazy. Sand token built some high green candles from $0.7 price level to a [&hellip;]
- [South Africa Set To Ban Pension Funds From Investing on Non CBDC Crypto Assets.](https://diutocoinnews.com/2021/10/south-africa-restricts-pension-fund-on-crypto/): South Africa&#8217;s Minister of Finance, Enoch Godongwana has introduced a draft of legislation that provides restrictions guidelines on how pension fund member funds are invested, according to Regulation 28. The old legislation allows portfolio managers to invest up to 2.5% of member funds in a broad category of “other assets,” which was used to include crypto assets. Now, the new rules explicitly exclude cryptocurrencies in the new Government Gazette. The lack of protection for investors has led the South African regulators to express nagging suspicions about the speculative nature of cryptocurrencies, whilst simultaneously exploring the possible use cases for distributed ledger technology. Regulation 28 [&hellip;]
- [The Long-Awaited Bitcoin Trial Begins On 1st Of November](https://diutocoinnews.com/2021/10/bitcoin-trail/): Monday, November 1st will see the start of the trial between David Kleiman and Craig Wright. The Kleiman estate is demanding $11.4 billion along with a return of the right to intellectual property (IP) or at least its fair market value. On one side Bitcoinsv supporters and fans of Craig Wright speculate that the trial will eventually prove Wright apparent satoshi claims. A little over 3 years ago Craig Wright was taken to court by the Kleiman estate over the alleged relationship with the late David Kleiman, former computer forensic expert. The Bitcoin lawsuit started on February 14 2018 as it [&hellip;]
- [In 10 Years CBDC Could Cause Growth In Nigeria's GDP: President Buhari](https://diutocoinnews.com/2021/10/cbdc-to-cause-growth/): The President of Nigeria, Muhammadu Buhari, inferred in a recent speech that the new e-naira central bank digital currency (CBDC) could result in a surge in the price of his country&#8217;s GDP by $29 billion in ten years. President Buhari talked with enough assurance in his speech at Monday&#8217;s launch of the digital currency e-naira, saying &#8220;Indeed, some estimates indicate that the adoption of CBDC and its underlying technology, called blockchain, can increase Nigeria&#8217;s GDP by US$29billion over the next 10 years.&#8221; Adding to the comment regarding building Nigeria&#8217;s GDP, President Buhari suggested that a digital currency with such potential might [&hellip;]
- [CBN Urge Nigerians To Be Cautious Of Fake e-naira Social Media Handles](https://diutocoinnews.com/2021/10/fake-e-naira-social-media-handles/): After the official launch of the eNaira on Monday, October 25, 2021, the notice of the Central Bank of Nigeria has been drawn towards the illicit and illegal activities of some individuals and some fraudulent Twitter handle, @enaira_cbdc processed to belong to the Bank. In an announcement signed by Osita Nwanisobi, Director, Corporate Communications of the CBN: The fake handle and crooked persons have since been posting messages in relation to the eNaira with the hope of seducing inexperienced Nigerians with claims that the Central Bank of Nigeria (CBN), among other fabrications, is giving out the sum of 50 Billion eNaira [&hellip;]
- [OKEx P2P Grows More Popular In Nigeria Among Youngsters](https://diutocoinnews.com/2021/10/okex-p2p-in-nigeria-among-youngsters/): Since the introduction of Okex P2P transaction platform, the Nigerian growing youth population has identified the benefits and are utilising the platform to make hitch free and fast transactions with Naira and also make profits as P2P merchants,&nbsp; selling various cryptocurrencies to intended buyers. P2P stands for Peer-to-Peer platform which allows users to buy and sell digital assets, such as Bitcoin, Tether and other cryptocurrencies, directly between users. OKex is a highly secured crypto exchange with a significantly expanding global platform. The flexibility and ease of operation of Okex P2P platform suits both experienced traders and the new kids on the [&hellip;]
- [Ethereum Breaks New All Time High In Over 140% Gain in Recent Months](https://diutocoinnews.com/2021/10/ethereum-reaches-all-time-high/): Ether, the second-largest cryptocurrency, soared to a brand new record above $4,400 Friday on bullish trend surrounding the most used blockchain network. The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New York. Other tokens including Binance Coin and Solana rallied. Ether is now worth more than $520 billion, according to data from&nbsp;CoinGecko.com. Ether’s latest milestone comes as the digital token has far outperformed Bitcoin throughout this year with a sixfold increase amid surging retail and institutional investor interest in the space. [&hellip;]
- [Fantom Retraces, Could Reach New All Time High As Fantom Developers Conference Holds In Dubai.](https://diutocoinnews.com/2021/10/fantom-token-retraces-for-ath/): Fantom appears ready to undergo an increase in profit-taking among investors, the token will try to overcome a critical hurdle as price continues.  The Proof-of-Stake network’s FTM token has recovered from the recent flash crash that affected most cryptocurrencies in the market. Its price has rebounded by 38.4% in the last 24 hours, going from a low of $2.50 to a high of $3.46.  Now, FTM has tested the channel’s upper trendline for the third time in the past three days. Such market behavior suggests that resistance continues to hold, which could lead to rejection. Failing to overcome the $3.95 resistance barrier could result in [&hellip;]
- [Cream Finance Lose $130 Million To Hackers](https://diutocoinnews.com/2021/10/cream-finance-hacked/): Cream Finance, an Ethereum DeFi Protocol, was exploited yesterday in a fit that allows hackers to chart away with $130 million from its pool. Peckshield a blockchain analytic company was the first to reveal when it discovered a flash loan had exploited the platform. This is the third attack the platform has experienced since its launch, having lost $36 and $29 million previously. Cream Finance, an Ethereum -based lending and borrowing protocol, suffered an attack that allowed the hackers to extort $130 million worth of ether and ERC-20 tokens. According to Slowmist, a blockchain security organisation, the hack combined 2,760.22 either [&hellip;]
- [Elon Musk Plans To Establish Tech Based University.](https://diutocoinnews.com/2021/10/elon-musk-to-establish-science-technology-university/): Elon Musk,CEO of Tesla Inc and SpaceX has announced his intentions on Twitter to establish a new technology focused university. He announced that the new university will be established in Texas US and will be called, &#8221; Texas Institute Of Technology and Sciences. The United Stateunited has one of the world leading Technology and science institute; Massachusetts Institute of Technology (MIT). MIT is a private land-grant research university in Cambridge, Massachusetts established in 1861 and renowned for its role in the development of modern science and technology. Elon Musk noted that the new university he plans to establish with be different [&hellip;]
- [Breaking ! Facebook Rebrands Its Name to Meta](https://diutocoinnews.com/2021/10/facebook-rebrands-to-meta-3/): Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which according to the social media giant, brings together the company&#8217;s apps and technologies under one new company brand. Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses the company explained. The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can’t be together — and do things together you couldn’t do in the physical world. [&hellip;]
- [Nigerian Fintech Raises  $1.7 Million To Support SME Loan Facility.](https://diutocoinnews.com/2021/10/nigeria-fintech-raise-1-7-million-for-sme/): Nigerian digital bank with focus on delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders and fast-growing businesses. The company in a statement said the Co-founder of Flutterwave, Olugbenga Agboola; Co-founder of Paystack, which has been acquired by Stripe, Ezra Olubi; Hustle Fund; Acuity Ventures; Uncovered Fund and Ventures Platform participated in the financing round. According to Thisday report, the new funding, it added, will play a key role in accelerating Brass’ expansion into South Africa and Kenya, “just [&hellip;]
- [Bitcoin Drifts Further, May Retest At $56,000](https://diutocoinnews.com/2021/10/bitcoin-may-retest-at-56000/): Bitcoin price has continued to trend lower following its all-time high on October 20. The leading cryptocurrency could slide&nbsp;further toward $56,000 to retest critical support levels after investors engaged in profit-taking according to FXStreet report. Bitcoin price&nbsp;fell below a crucial support trend line on October 26, exposing BTC to further downside risk. The bellwether cryptocurrency sliced through the lower boundary of the prevailing ascending parallel channel pattern and could now be headed to test key support levels.null If selling pressure rises,&nbsp;Bitcoin price&nbsp;will discover immediate support at the 100 four-hour Simple Moving Average (SMA) at $59,452 before sliding lower toward the bearish [&hellip;]
- [ENAIRA SPEED WALLET APP MISSING FROM GOOGLE PLAY STORE](https://diutocoinnews.com/2021/10/enaira-google-removed-speed-wallet/): eNaira Speed Wallet app has been removed from Google Play Store after receiving unfavourable reviews and low ratings less than 48 hours after its takeoff. President Muhammadu Buhari, on Monday, 25th October, launched the Central Bank Digital Currency (CBDC), the eNaira. On the evening of Wednesday 27 October, it was discovered that the eNaira Speed Wallet had been removed from Google Play Store.&nbsp; The removal was confirmed at 6.00 pm on Wednesday, but the eNaira Merchant App for businesses is still available for download, possibly because it has a few positive reviews. As of 6.30 pm Wednesday, the merchant app had [&hellip;]
- [Colombia Government Make Use of Idle Funds In Bank Accounts](https://diutocoinnews.com/2021/10/governments-of-columbia-2/): The Colombian representative chamber has recently approved a budget law that includes a questionable article that gives the state the power to seize bank customers&#8217; idle funds for budgetary purposes. The funds could be regained under certain circumstances stated by the law if the account owners can&#8217;t prove their ownership. The recent budget law that was passed last week through an express vote by Colombian legislators, came with a controversial change, giving the government permission to take bank clients&#8217; funds that have been idle in bank accounts for more than a year. Article 81 of the said budget legislation consists of [&hellip;]
- [Does Shiba Inu Gains Means Altcoins Season is Here? Is Shiboshi Social Club Pushing The Price of Shiba ?](https://diutocoinnews.com/2021/10/shiba-inu-price-and-shiboshi-social-club-nft/): Price action on the altcoins have been on the rise for some days now,as Bitcoin continues to retest it&#8217;s consolidation price at the $60,000 support level. In some cases, moves in altcoins centers around one specific token sector called Meme coins or decentralized finance protocols, the current price action shows that there is rise across all token sectors, preluding to the prediction that altcoins season is gaining momentum. Data from cointelegraph and Trading view shows that the biggest gainers in the past 24 hours are Secret (SCRT),Curve (CRV) and Shiba Inu (Shib) The surge in the price of Shib follows the [&hellip;]
- [Spotting The Next Big Cryptocurrency Assets](https://diutocoinnews.com/2021/10/spotting-the-next-big-cryptocurrency-assets/): Truly, the potentiality of cryptocurrencies to create generational wealth is sublime, and almost unparalleled.&nbsp; Testimonies abound of investors and traders making immense profits from good old trading such as derivatives trading, spot trading, arbitraging, etc; while there are others that have scored their fortunes by making a punt on one coin that undergoes a massive boom. These coins are sometimes referred to as gems, and this piece will walk you through factors you will need to consider in order to spot these gems. A gem is usually a highly undervalued coin. All analyses point to the large potential of these coins [&hellip;]
- [Nigeria Crypto Traders : Luno Resumes  Naira Deposit and Withdrawal.](https://diutocoinnews.com/2021/10/luno-resumes-naira-deposit-and-withdrawal/): Nigerians trading cryptocurrency on Luno will be able to deposit and withdraw in local currency from November, the trading platform said on Monday. “We’re thrilled to announce that deposits and withdrawals in Naira will resume on the Luno platform in November,” Luno told its users in an email. Luno stopped naira deposit and withdrawal for Nigerian cryptocurrency traders in February after the Central Bank of Nigeria (CBN) prohibited cryptocurrency trading. The restrictions on cryptocurrency forced changes in the operations of Luno and other Nigerian fintech companies into cryptocurrency trading. However, Luno disclosed that the withdrawal and depositing of funds for Nigerian users will be done through [&hellip;]
- [Doubt In Nigeria's Forex Market To Blame For Drop-In Remittance.](https://diutocoinnews.com/2021/10/nigerias-forex-market/): The uncertainty that thrives in Nigeria&#8217;s foreign exchange market is partly to blame for the massive fall in the cross-border remittances that flow into the country, an official of the International Monetary Fund (IMF) said. According to Punch, a local news outlet in the country, Abebe Selassie, the official, said that in response to a question presented to him during a meeting with a virtual press. Mr Selassie Started by admitting that the effect of the Covid-19 pandemic had affected the cross-border remittances globally. He then added that the distrust over Nigeria&#8217;s exchange rate equally contributed to the 28% drop in [&hellip;]
- [BINANCE OAU TRADING CONTEST. 56,000 Naira UP FOR GRABS! (100 BUSD Prize pool.)](https://diutocoinnews.com/2021/10/binance-trading-contest/): The BINANCE OAU community is holding a trading contest with up to 56,000 Naira up for grabs. The competition is open to anyone interested in participating and entry is COMPLETELY FREE OF CHARGE.&nbsp; To enter, all you have to do is take the following steps:&nbsp; 1. Sign up on Binance By Clicking Here . Make sure you input the referral code YA35VD1V. 2. Send your UID (User ID) for confirmation. SEND HERE ON WHATSAPP 3. Complete KYC. (You may do this with your NIN, National ID card, Drivers license or international passport).  4. Complete at least 10 trades between October 20 &#8211; [&hellip;]
- [Is Nigerian E-naira Available On Pancakeswap?](https://diutocoinnews.com/2021/10/e-naira-available-pancakeswap/): On the 25th of October, the Nigerian e-naira dubbed E-naira was launched, making Nigeria the first African country to launch a digital currency. The E-naira was launched in the country&#8217;s capital by President Mohammed Buhari in his official residence. After the prior launch date, the 1st of October, 2021 was postponed due to various circumstances. However, after the launch, it appeared that the E-naira is available for trading on Binance Smart Chain (BSC). It seems that an unidentified developer has created another version of the E-naira. Launching a token on Binance Smart Chain is easier than most people think. For this [&hellip;]
- [There Is No Law Against Crypto In Nigeria: Court Rules. Unfreezes CBN Blocked Accounts Over Crypto Trading.](https://diutocoinnews.com/2021/10/court-unfreezes-crypto-trading-accountscbn/): CBN Circular is Not Law. A Federal High Court sitting in Abuja has vacated an interim order through which the Central Bank of Nigeria (CBN) froze the bank accounts in two banks of a firm that traded in cryptocurrency according to a report by The Nation. The firm, Rise Vest Technologies Limited, is one of the firms offering brokerage services for Nigerians to invest in foreign stocks. The CBN had claimed, among others, that some of such deals contravened its directive and were part of what was making the Naira weaker to the United States Dollar.null But Justice Taiwo O. Taiwo [&hellip;]
- [eNaira Is Out. Nigeria Is The First African Country To Issue Digital Currency.](https://diutocoinnews.com/2021/10/cbn-enaira-is-out/): The digital currency has two applications — eNaira speed wallet and eNaira merchant wallet. The two apps for the digital currency are now available for download on Google playstore and Apple store on Monday, according to investigaton by diutocoinnews.com According to statement on eNaira website issued by CBN, interested individuals can sign-up on the eNaira speed wallet by inputting their details as captured during BVN enrollment.Advertisement The details include First Name, Last Name, Date of Birth, State of Origin, and Email. “Your Banks are waiting to assist you in validating and updating your BVN details to ensure seamless enrolment to the [&hellip;]
- [Crypto Top Gainers &amp; Losers of The Past Week : Six Cryptos Gains 6,39,521.45 % in a Day.](https://diutocoinnews.com/2021/10/cryptocurrencycryptogainerslosers/): The crypto market on Saturday, October 23, was back in the red zone with one of the most popular entities, Bitcoin, priced at $61,230.81 according to news18 report. The global crypto market cap on this day was standing at $2.55 trillion. This made up for a fall of 1.76 per cent over the course of the last 24 hours. The total crypto market volume over the last 24 hours was shown to be at $103.93 billion. As per figures by CoinMarketCap, this indicates a decrease of 15.11 per cent in the total crypto market volume, which means the total number of coins traded in [&hellip;]
- [Hacked YouTube Channels Used For Crypto Scams](https://diutocoinnews.com/2021/10/hacked-youtube-for-crypto-scams/): Google&#8217;s Threat Analysis Group (TAG) just recently shared a report pointing out an ongoing phishing campaign against YouTube account owners which ends in a compromise and sale of the accounts for the broadcasting of cryptocurrency scams. The TAG links the assaults to a group of hackers enlisted in a Russian-speaking conference, who hack the Youtube accounts by proposing sham collaboration opportunities. Once the hackers take hold of the YouTube channel, either of two things happen. They sell to the highest bidder or are used for crypto scams broadcast. &#8220;A large number of hijacked channels were rebranded for cryptocurrency scam live-streaming. On [&hellip;]
- [Bitcoin Will Be Bullish, JP Morgan Predicts Over Expected Inflations.](https://diutocoinnews.com/2021/10/bitcoin-price-prediction-bullish/): Gobal investment bank JPMorgan says inflation worries are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are fleeing from gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to all-time highs rather than the hype around the first U.S. bitcoin futures exchange-traded fund (ETF). The JPMorgan analysts believe that “By itself, the launch [&hellip;]
- [EFCC Prosecutes Mr 'Crime Alert' For Fraud](https://diutocoinnews.com/2021/10/efcc-prosecutes-mr-crime-alert/): A certain Olaniyan Gbenga Amos, founder of Detorrid Heritage Investment Limited has been charged to court by the Economic Financial Crimes Commission (EFCC) for offences bordering on fraud.&nbsp; Disclosed by a media outlet, Nairametrics.com, Olaniyan who is fondly known as Mr Crime Alert, obtained the sum of 35 million nairas under false pretence.&nbsp; EFCC&#8217;s Zonal Command in Ibadan was quoted by the news blog as the source for the report. According to authorities at the Ibadan office, the prosecution had come on the heels of multiple arrest petitions written against Amos by the affected parties.&nbsp; Based on the petitions, Amos defrauded [&hellip;]
- [South African Bank To Terminate Crypto Traders Account](https://diutocoinnews.com/2021/10/bank-terminate-traders-account/): One of the biggest banks in South Africa, Standard Bank, has reportedly sent notice for account termination to customers that offer automated cryptocurrency arbitrage services. According to Mybroadband report, this action has caused a near uproar in the cryptocurrency industry. The notice sent to the arbitrage traders has brought up scepticism about the measures that Standard Bank is using when they were deciding on which accounts would be terminated. An example is Carel de Villers, the co-founder of an arbitrage trading firm Shiftly who is quoted challenging the process that Standard Bank is using. &nbsp;While stating that Shiftly is not a [&hellip;]
- [Andre Cronje Calls The Mozambique/Credit Suisse Scandal, A TradFi Scam.](https://diutocoinnews.com/2021/10/andre-cronje-credit-suisse-mozambique-scandal/): Credit Suisse Group AG agreed to pay almost $475 million to resolve multiple investigations into its role in a fundraising scandal that saw hundreds of millions looted from Mozambique and tipped the country into economic crisis, according to a Bloomberg report. The Zurich-based bank said it expects to take a $230 million charge in the third quarter as a result of the settlement, a further hit for shareholders after the bank was buffetted by the Greensill and Archegos Capital Management scandals. The legal agreement is the latest action in a multi-year, international saga resulting from $2 billion of debt deals that [&hellip;]
- [Cross-Chain Games Making Metaverse A Reality.](https://diutocoinnews.com/2021/10/cross-chain-games-making-metaverse-a-reality-2/): Blockchains are solving specific problems and needs as new use cases are discovered. While several of them have successfully provided solutions to the problems they set out to solve, multiple solutions have enhanced the number of isolated chains. This is a problem because data stored on a blockchain is bound to the chain or chains that they were built on. In practice, this simply means that users can&#8217;t even exchange Bitcoin (BTC) for Ethereum (ETH) without using a centralised exchange. In like manner, It is impossible to send a token USDT from an Ethereum blockchain to the Binance Smart Chain (BNB), [&hellip;]
- [DeFi Industry Hits $200 Billion](https://diutocoinnews.com/2021/10/defi-a-200-billion-industry/): Considering the report from DefiLlama a crypto tracking platform. A little over $200 billion has been locked in decentralised finance (DeFi) protocol. Compared to the amount in June, this number has since doubled. The total value locked (TVL) is the total dollar quality of the tokens that are held in smart contracts within the various DeFi protocols, such as trading and lending platforms. It is worthy of note that these numbers are not perfect as these trackers can double count the same coin. According to DefiLlama, the total value locked (TVL) in Defi platforms across numerous blockchains has surpassed $200 billion. [&hellip;]
- [CBN Releases eNaira White Paper.](https://diutocoinnews.com/2021/10/cbn-enaira-white-papper/): Enaira Whitepaper is live with guidelines on the plans for future launching The Central Bank of Nigeria (CBN) released the e-Naira design guidelines which breaks down the objectives, principles, and the eNaira design plan. The design paper praised Distributed Ledger Technologies (DLTs) for their ability to offer transparency, secure, and tamper-proof transactions while creating trust among transacting parties. The document reads in part: “This design document gives much more detail on the critical dimensions of the eNaira, including the eNaira design and architecture, the initial eNaira functionality, what roles different economic actors play as the eNaira is introduced, the risks of [&hellip;]
- [Reddit Set Eyes On NFT Platform.](https://diutocoinnews.com/2021/10/reddit-nft-marketplace-platform/): Social network Reddit has concluded plans to build its own NFT platform, according to a new job posting. Reddit is hiring engineers to “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.&#8221; The job description highlights the importance of NFTs, predicting that they are going to “rewrite” the way we think about goods. It highlights a slew of use cases that are linked to the new technology: Beyond visual art, there are already NFTs for music, videos, articles, and even memes. Many believe that NFTs will become the standard for items [&hellip;]
- [Solana Soars To New All Time High](https://diutocoinnews.com/2021/10/solana-new-all-time-high-price/): Solana’s sol token surged to a new all time record today, pushing higher as the digital currency maintained upward growth following a bullish trend. The digital currency’s price according to Forbes report, reached $215.06 earlier today, Messari data shows. At this point, the cryptocurrency had skyrocketed more than 13,250% from its price of $1.61 on January 1, additional Messari figures reveal. Armando Aguilar, vice president of Digital Assets Strategy for Fundstrat Global Advisors, spoke to these recent gains, stating that momentum is helping drive the sol token to its latest price levels. He emphasized that the digital asset’s latest upward price [&hellip;]
- [40 Tanzania Artists Attend ToT NFT Workshop](https://diutocoinnews.com/2021/10/tanzania-artists-nft-workshop/): On Thursday, forty digital artists attended a one-day Training of Trainers (ToT) NFT Workshop in Darsaalem, Tanzania, as part of the NFT Afrika Initiative.  The event organized by Africa Blockchain University (ABU), in collaboration with BlockTech, was financed by Yield App. Hosted at the Tanzania National Museum, it was facilitated by some leading Blockchain thought leaders and NFT artists in Africa and abroad.&nbsp; Participants explored areas like Blockchain Technologies, Crypto, Securing IP through NFTs, Tools for Starting NFT Journey, How to Mint NFTs, Branding your Work &amp; Storytelling, Cashing Out your Earnings on Exchanges, Investing in DeFi Ecosystem, among a few. [&hellip;]
- [Taste Of Metaverse Through Cross-Chain Games](https://diutocoinnews.com/2021/10/metaverse-through-cross-chain-games/): The ability of Blockchain networks to communicate, interact and share data is becoming a reality with cross-chain NFT games. The world is steering towards a new form of digital privilege with the metaverse based on the blockchain. The concept of the &#8220;metaverse&#8221; is naturally portrayed as existing and augmented reality established in a virtual community. Many have recognized and are familiar with the concept from its presence in what they have seen in movies like The Matrix, Tron, and Free Guy. However, the concept has quickly amassed interest from the technology industry, giving it an opportunity. Several people have seen the [&hellip;]
- ["Expect Very High Volatility In Crypto Over The Next Few Months." CZ Binance Tweets](https://diutocoinnews.com/2021/10/high-volatility-in-crypto-cz-binance/): The tweet which the cryptocurrency exchange CEO made was posted after Bitcoin rallied to a new all time high this week, and suddenly plunged almost 90% on the U.S. arm of the major crypto exchange Binance yesterday—before almost immediately speeding back. The bitcoin price briefly dropped to under $10,000 per bitcoin on Binance.US, down almost 90% from around $65,000 and knocking the bitcoin price on other exchanges. The sudden plunge also took the wind out of the ethereum price rally. Bitcoin’s flash crash, blamed on an institutional trader’s rogue algorithm, came as Binance’s chief executive warned crypto traders should watch out [&hellip;]
- [South African Forex Trader Accused of Fraud Succumbs To Arrest Warrant.](https://diutocoinnews.com/2021/10/south-african-forex-trader-accused-of-fraud/): South African forex trader Sandile Shezi, who is still at large for allegations bordering on fraud, has agreed to turn himself over to police authorities in the region.&nbsp; This comes on the heels of an arrest warrant that was issued against him after two investors reported him to the South African police on account of the fraud. Shezi reportedly fleeced shareholders of his company, Global Forex Institute. However, the forex trader maintains his stance against the fraud allegations, saying that the affected parties had only signed up for forex education and not investments as they claimed. &#8220;These shareholders signed up, not [&hellip;]
- [Introducing GODS on OKEx Jumpstart – Stake OKB to Earn GODS](https://diutocoinnews.com/2021/10/gods-on-okex/): OKEx has announed the introduction of Gods Unchained on OKEx Jumpstart starting at 6:00 (UTC) on October 22, 2021. OKB holders can stake OKB to mine GODS tokens in return. The maximum amount of OKB per account is 2000 OKB. There is only 2,000,000 GODS available for mining which ends on 29th October. Only level 2 KYC account is qualified and they can stake and unstake anything within the mining period. II. Calculation Rule of Staking Rewards 1. The staking rewards are GODS tokens acquired by participating in OKEx Jumpstart Mining. The staking rewards is calculated in real time and can be [&hellip;]
- [How Fantom's ATH 100% Growth in 30 Days Leads Other Smart Contract Platforms.](https://diutocoinnews.com/2021/10/fantom-ath-price-leads-smart-contract-platforms/): The smart contract platform’s token, FTM, set an all-time high of $2.48 on Oct. 19 before slipping to about $2.31 in early morning trading Eastern time, according to&nbsp;CoinGecko. With a $5.9B market cap, the token has almost doubled in the last 30 days. Fantom claims to be deploying a high-speed Proof-of-Stake system to solve the “blockchain trilemma” of balancing scalability, security, and decentralization without compromising efficacy. Having multiplied 144x since Jan. 1, FTM is leading the likes of Solana and Avalanche, as well as Cardano, Polkadot, Polygon and other smart contract platforms. What’s driving the growth?&nbsp;The Fantom Ecologist, a Fantom user [&hellip;]
- [Is Bitcoin ETF (BITO) The New Investor's Delight ?](https://diutocoinnews.com/2021/10/bitcoin-futures-etf-bito/): The US Security and Exchange Commission SEC approved the new bitcoin ETF on Friday. It started trading today under the ticker BITO.   Whatever your belif is on bitcoin  surviving government regulation, the introduction of an ETF that tracks bitcoin futures, creates access for a new audience. For institutional investors, now they can allocate to bitcoin, within their mandate. And it allows individual investors who may have never participated in bitcoin, to buy it in their normal brokerage account.   With that, there are interesting similarities to the 2004&nbsp;launch of the first gold ETF (GLD) GLD +0.9%.&nbsp;GLD offered a new and easy way&nbsp;for traditional long-only institutional investors, as [&hellip;]
- [Binance Bunrs $640 Million BNB Coins As Price Rally Above $500 For The First Time Since April.](https://diutocoinnews.com/2021/10/binance-burn-640-million-tokens/): Crypto exchange operator Binance announced that it has burned nearly 1.4 million BNB tokens (worth about $640 million at current prices) in its largest-ever burn. Burning refers to the process of permanently removing a crypto token from circulation, thereby reducing its supply and potentially increasing its price.&nbsp;When Binance launched BNB in 2017, it committed to burning a total of 100 million BNB, i.e., 50% of its total supply. BNB&#8217;s 40% supply was originally allocated to the Binance team. The latest burn — Binance&#8217;s 17th quarterly BNB burn — is the largest ever in dollar terms, though not by the number of tokens. This [&hellip;]
- [Facebook Launches Novi Wallet](https://diutocoinnews.com/2021/10/facebook-launches-novi-wallet/): Facebook has eventually initiated the pilot phase of its Novi digital wallet in Guatemala and the U.S, over two years after it was first proclaimed. The initiated pilot program will allow users to send and receive money claiming that it will be instant, secure, and with no fees, using Paxos stablecoin (USDP), in cooperation with Coinbase which serves as a custody partner that holds the funds. According to Facebook&#8217;s payment chief David Marcus, the pilot is expected to test core feature functions and operational capabilities in customer care and compliance, in extension to try to clarify the various use of stablecoins [&hellip;]
- [Bitcoin Breaks The $67k Door, In An All New Time High Run.](https://diutocoinnews.com/2021/10/bitcoin-new-all-time-high-67/): The October bitcoin bull market is showing no signs of slowing down. Bitcoin, the world&#8217;s most valuable cryptocurrency, hit a new all-time high of above $67,000 on Wednesday, topping the previous record set in April. Bitcoin prices&nbsp;have surged 50% this month, from just under $44,000 at the end of September. The pop has been fueled by renewed hopes that regulators in the United States would&nbsp;not crack down on cryptocurrencies, support from&nbsp;big investors such as George Soros&nbsp;and the launch of the first exchange-traded fund tied to bitcoin futures.null The&nbsp;ProShares Bitcoin Strategy ETF, which began trading on Tuesday, rose 3% Wednesday morning. Some investors [&hellip;]
- [Binance Allows NIN Slip For KYC Verification In Nigeria.](https://diutocoinnews.com/2021/10/binance-allows-nin-slip/): Binance Nigeria has just recently announced that users in Nigeria can now complete their KYC verification using the government-issued NIN slip. Aside from the first verification process, which entailed the use of BVN before the government banned Bitcoin transactions, making that option currently unavailable. Those who haven&#8217;t completed their verification before the ban and new accounts have to face the challenges of getting a national ID card, drivers license or international passport. Before this update, Binance users in Nigeria find it difficult to verify their accounts because in Nigeria it is quite difficult to get the official National ID card. As [&hellip;]
- [Iran To Begin First Phase Of Its National Currency.](https://diutocoinnews.com/2021/10/iran-to-begin-first-phase-of-national-currency/): The central bank of Iran is getting prepared to start the genesis stage of its digital currency, its law chairman announced to the local media representatives. The country&#8217;s financial authority is moving forward with a plan to change the law that governs its activities. The &#8220;national currency&#8221; of Iran will commence its first stage, the current governor of the central bank of Iran (CBI) Ali Salehabadi has revealed. While communicating with the reporters shortly after he met with the legislators, the newly appointed governor, said the regulators are now researching any potential risk coupled with the benefits that come with the [&hellip;]
- [Why is Bitcoin Going Crazy ? Heard of Bitcoin ETF ? What Does this Mean for Investors ?](https://diutocoinnews.com/2021/10/bitcoin-etf/): An ETF is&nbsp;an investment vehicle that tracks&nbsp;the performance of a particular asset or group of assets. &#8230; A bitcoin ETF is one that mimics the price of the most popular digital currency in the world. This allows investors to buy into the ETF without going through the complicated process of trading bitcoin itself. What ETF means? Exchange-traded funds. A growing number of investors are using exchange-traded funds (ETFs) to build diversified portfolios. Maybe you should consider it too — if you understand the risk/reward trade-offs. An ETF is a basket of securities, shares of which are sold on an exchange. A [&hellip;]
- [Michael Saylor Suggests That Nigeria And Zimbabwe Use Bitcoin To Strengthen Economy](https://diutocoinnews.com/2021/10/michael-saylor-suggests-nigeria-and-zimbabwe-use-bitcoin/): The CEO of MicroStrategy Michael Saylor has advised that Nigeria and Zimbabwe solve their economic issues by using Bitcoin backed currencies. He indicated that with the usage of Bitcoin standard, starvation could be a thing of the past and this will permit citizens of both countries to live a better life. In a video where he commented on claims that the Bitcoin network cannot scale, Michael Saylor gave his suggestion, advising that if both countries (Nigeria and Zimbabwe) buys at least $2-3 billion worth of Bitcoin they could eradicate the currency problem they are currently facing.&nbsp; He explained &#8220;You wanna fix [&hellip;]
- [Okex Approves the Use Of USDT And USDC On the Solana network And Okex Earn Adds USDC to The Wealth Management Subscription.](https://diutocoinnews.com/2021/10/okex-approves-usdt-usdc-solana-network/): Okex has recently opened deposit and withdrawal for the stablecoins based on users&#8217; demand. The two stablecoins USDT and USDC are now supported on the Solana network. Coupled with approval of the duo stablecoins, Okex has also opened the USDC wealth management subscription channel, with a 20% annual percentage yield. Okex will launch the staking of USDC on the Okex Earn platform at 3:00am UTC on October 20, 2021. Procedures to stake USDC While on the Okex homepage, go to&nbsp; &#8220;Finance&#8221; in the top menu and click Earn from the list that pops up. While on the Earn page, you can [&hellip;]
- [Zimbabwe Prepares To Adopt Cryptocurrency, Says Finance Minister](https://diutocoinnews.com/2021/10/zimbabwe-prepares-to-adopt-cryptocurrency-3/): East African country, Zimbabwe may be deliberating over a decision that will see it adopt cryptocurrencies. According to the country&#8217;s finance minister Mthuli Ncube who has enlisted support for digital currencies, the government can no longer afford to treat the asset class with a wave of the hand. The finance minister was quoted by a local publication saying that cryptocurrencies will be better treated as an investment class rather than as legal tender. The minister suggested that crypto-based products could be listed on the country&#8217;s stock exchange- Victoria Falls Stock Exchange.&nbsp; On this note, minister Ncube revealed that the first step [&hellip;]
- [Did Piggyvest Lose N2 Billion To Imagine Global Solutions Limited Over 22 Billion Scam?](https://diutocoinnews.com/2021/10/piggyvest-2billion-loss-imagine-global-solutions-limited/): An estimated N22 billion in investments have disappered as owners of Imagine Global Solutions, promoters of Imagine Lenders Microfinance have allegedly elope with investors’ funds as affected Nigerians form support groups to seek redress. Several investors in the finance scheme giving their accounts on social media, alleged that owners of the firm which started operations in 2016, Bamise and Elizabeth Ajetunmobi,  have reportedly gone into hiding after squandering investors’ money said to be as much as N22 billion. Affected individuals and companies who invested money in the micro-lending firm have since formed WhatsApp groups to enable them trace the whereabouts of [&hellip;]
- [Mexican Medical Company Uses Blockchain Technology To Verify Covid-19 Test Results](https://diutocoinnews.com/2021/10/mexican-medical-company-uses-blockchain-technology/): Mexico medical company (MDS) will start using blockchain technology for the verification of the originality of its coronavirus test results. This is to ensure that there is no fake information in the medical history and also to protect patients medical information. According to a report from the local media news, the medical company has initiated a digital space to allow patients to access the test results that are uploaded. The results can also be received physically for those who want it, and a QR scanning code feature is also added to help determine the authenticity of the results and also grant [&hellip;]
- [Ghana Digital Currency E-Cedi, Will Be Available For Offline Use.](https://diutocoinnews.com/2021/10/ghana-e-cedi-to-be-available-offline/): Central Bank of Ghana is working to make a digital form of its currency available to offline users as soon as possible. The e-cedi, which the Bank of Ghana is set to pilot, seeks to facilitate transactions without the need for power or connectivity, according to Kwame Oppong, who heads fintech and innovation at the regulatory apex bank. “Financial inclusion is limited by the availability of connectivity and power,” Oppong said at the Ghana Economic Forum Monday. “What we hope to be able to do &#8211; and we’re one of the people pioneering this &#8211; is that the e-cedi would also be [&hellip;]
- [Bitcoin Scammers Attacks iPhone Users Dating Apps Like Tinder, Bumble, Facebook...](https://diutocoinnews.com/2021/10/bitcoin-scammers-attacks-iphone-users/): Sophos cybersecurity researchers identified a Bitcoin wallet filled with tokens worth $1.4 million (roughly Rs. 10 crores) that were collected through scams. The crypto scammers were targeting iPhone users on popular dating apps such as Bumble and Tinder. Along with ripping off people&#8217;s cryptocurrency, the hackers were also compromising the personal details of their victims to cyber risks, Sophos claimed. The threat triggered by these scammers has been code-named “CryptoRom” by Sophos. These scammers have learned enough about social behavior to make millions out of three different continents. The CryptoRom scammers abuse the Apple Enterprise Signature program, a software used for [&hellip;]
- [Is Defi The Key to Unlock The Door Of Freedom For Africans?](https://diutocoinnews.com/2021/10/defi-unlocks-door-of-freedom-for-africa/): Decentralised finance(DEFI) doesn&#8217;t just take away power from centralised authorities, it may also give power to the second class citizens and liberate them from the chains placed on them by the world&#8217;s power system.&nbsp; A blockchain is a public ledger that enables financial transactions without the involvement of third parties like banks, governments e.t.c. One person or a small group can build DEFI but to grow, it needs a community that uses it. Such communities are decentralised autonomous organisations (DAOs). They are peer-to-peer (P2P) crypto groups growing on social media apps like Telegram and WhatsApp. American Musician Kanye West, is confident [&hellip;]
- [South African Liquidator Claims Ice3's Account Doesn't Add Up.](https://diutocoinnews.com/2021/10/ice3s-account-doesnt-add-up/): Dewald Breytenbach of National liquidators, who has been appointed by the court, recently proclaimed that out of the seventy-six (76) Bitcoins that supposedly belong to the terminated South African cryptocurrency exchange, Ice3, he and his firm can only find and account for twenty-two(22). Dewald Breytenbach of the National liquidators also said that the tech provider of the crypto exchange Merkeleon has been asked to assist in setting the record straight. These recent reports by the South African liquidator are coming to the limelight about six months since Ice3 suddenly stopped allowing withdrawals. While the company&#8217;s management was announcing, they stated that [&hellip;]
- [Crypto For Mental Health: "Mean Men" NFT  To Raise Fund For NGO](https://diutocoinnews.com/2021/10/nft-to-raise-funds-for-mental-health/): &#8220;Mean Men,&#8221; a collection of 11,111 NFTs that aim to promote mental health and self-love, is set to be released for minting on October 18. Three more NFT launches can also be expected by those interested to be a holder of the NFTs: &#8220;Mean Wives,&#8221; &#8220;Mean Kids,&#8221; and &#8220;Mean Pets.&#8221; A portion of the sales of all four NFT collections will be used to put up a non-profit, non-governmental organization (NGO) called Self-Love Foundation. The main goal of the NGO is to set up physical clinics for those struggling with mental health problems. According to the &#8220;Mean Men&#8221; website, the collection &#8220;aims to [&hellip;]
- [JMP Analyst: Crypto Adoption Has Hit Escape Velocity](https://diutocoinnews.com/2021/10/crypto-adoption-hit-escape-velocity/): Investment and asset management company JMP says that &#8220;The Crypto economy is entering the mainstream, explaining further that &#8220;adoption and early use cases have established &#8216;escape velocity. However, they also noted that the industry is still in its formative stage. JMP securities just published research that speaks about Cryptocurrency adoption. Highlighting that The Crypto economy is entering the mainstream, the firm&#8217;s analyst stated: &#8220;The Crypto market has come a long way in its short existence, and we believe both adoption and early use cases have established &#8216;escape velocity, where the binary argument about its date is all but off the table [&hellip;]
- [Blockchain Version of Netflix Squid Game Set To Launch.](https://diutocoinnews.com/2021/10/blockchain-version-of-squid-game-set-to-launch/): Netflix&#8217;s South Korean TV series &#8220;Squid Game&#8221;, which was released last month, is becoming viral all over the world, ranking first in the broadcast charts of more than 90 countries around the world. Roblox, the NYSE-listed game creation platform, also joined the party with a great volume of Squid-game-themed applications built on it, having attracted more than 20,000 players. Squid Game Online, a series survival simulation game empowered by blockchain technology, is launching its first game to global users. Players are allowed to participate and earn as players or game observer in the game. Squid Game Online prides itself in realizing [&hellip;]
- [Avoiding Cryptocurrencies Is Impossible, Says Zimbabwe Finance Minister.](https://diutocoinnews.com/2021/10/avoiding-cryptocurrency-is-impossible/): Zimbabwe Finance Minister Mthuli Ncube has revealed that about 30 per cent of youths in the country are currently investing in cryptocurrencies. This crypto savvy minister has told his fellow ministers in the government the avoidance of cryptocurrencies is impossible. According to the report from the Herald, the finance minister insinuated that his ministry is ready to make certain concessions regarding matters of cryptocurrencies. However, Ncube was more intentional with his statement unlike before when he merely praised cryptocurrencies. He said that though they would not be made currencies. &nbsp;He explained &#8220;But our view is that we do not want it [&hellip;]
- [South African Regulators Endorses The Deactivation Of Derivatives Trading By Binance](https://diutocoinnews.com/2021/10/south-african-regulators-deactivation-of-binance-derivatives/): South African regulator Financial Sector Conduct Authority (FSCA) has thrown its weight behind the decision by Binance to disable derivatives trading in the country. In an unexpected announcement last week, the leading crypto exchange stated that South African crypto traders are now disallowed from trading derivatives on its platform.&nbsp; According to the FSCA, Binance arrived at such a decision after &#8216;due consultations&#8217; with it. In its October 8 report, Binance suggested that its decision had been prompted by its resolve to comply with regulations.&nbsp; Back in September, South Africa&#8217;s FSCA accused the crypto exchange of going ahead to offer unlicensed services [&hellip;]
- [Elon Musk Reclaim The Richest Man Title, Now Worth $230 Billion: That's More than Bill Gates &amp; Warren Buffett Combined.](https://diutocoinnews.com/2021/10/elon-musk-reclaims-richest-man-title/): Elon Musk, crypto investor, the Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined. The 50-year-old&#8217;s net worth is $230 billion as of Friday morning, according to the Bloomberg Billionaires Index. Gates sits in fourth place with $130 billion and Buffett is No. 10 with $102 billion. Both Gates and Buffett previously held the mantle of world&#8217;s richest person. Musk first passed Amazon CEO Jeff Bezos to become the world&#8217;s richest man in January with a net worth of $185 billion. Bezos had held [&hellip;]
- [A Large Whale Wallet Investor Bought 74.9 billion Shiba Inu Tokens, As Shibaswap Concludes Sale of 10k NFTs](https://diutocoinnews.com/2021/10/whale-bought-shiba-inu/): The sale of 10,000 &#8220;Shiboshis&#8221; NFTs on ShibaSwap was recently concluded. For the first 24 hours, exclusively LEASH holders could buy the NFTs.&nbsp; The entire NFT collection sold out within 35 minutes of launch, and sources close to the meme coin have revealed that plans for a Shiboshi game are underway. The source believes that the Shiba Inu development team is in talks with a world-class AAA game studio for its game production.  Though Shiba Inu initially gained popularity as the “Dogecoin-killer,” the meme coin has evolved in terms of its utility, jumping on the latest crypto trends.&nbsp; On October 14, [&hellip;]
- [Tricksters Manipulate Apple's Developer Program, Carted Away With $1.4 Million](https://diutocoinnews.com/2021/10/tricksters-manipulate-apples-developer-program/): About $1.4 million has been swindled from the hands of victims using crypto apps through the Apple Developer Enterprise program. According to Sophos&#8217; report, the scammers used a dating app to scam people of millions of dollars on Tinder, Bumble, Grindr, Facebook dating and other identical apps. The attackers were able to manipulate Apple&#8217;s developer enterprise programs and corporate signatures to disseminate these counterfeit crypto apps which were disguised as Binance and other trusted crypto brands.&nbsp; In Sophos&#8217; report, researchers Jagadeesh Chardraiah and Xinran Wu said that the scam resulted in at least $1.4 million being ripped off victims in the [&hellip;]
- [Bitcoin Hits $60k, Nears All Time High As US SEC Gives Green-Light on BTC Futures ETC](https://diutocoinnews.com/2021/10/bitcoin-hits-60k/): US regulators are set to allow the first US Bitcoin futures exchange-traded fund to start trading, sources tell Bloomberg News, in a landmark moment for the crypto industry. The regulator isn’t likely to block the products from starting to trade next week, said the people, who asked not to be named while discussing the decision. Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.” Bitcoin almost&nbsp;touched&nbsp;$60,000, the highest since April, [&hellip;]
- [DonJazzy Officially Announces Entrance Into Crypto Ecosystem, Donates Proceeds of NFT Sale To Charity.](https://diutocoinnews.com/2021/10/donjazzy-donates-nft-proceeds/): Nigerian top music producer DonJazzy announced that he is fully into cryptocurrency ecosystem, this follows his purchase of one of the collections of Nigeria cryptoartist; Owo Anietie NFT called Afrodiods. The collection according to crypto artist Owo Aniete celebrates the uniqueness of Nigerian culture. DonJazzy who told his fans on video posted on his Instagram page that he is not just a music producer but is into different branches of cryptocurrency ecosystem, acknowledged the patriotism symbolic of adriods collection with specifics to Nigeria chieftaincy caps. The NFT is minted on opensea Ethereum smart contract . The Ethereum logo is part of [&hellip;]
- [Nigeria Diaspora Remittances On A Steeping Decline.](https://diutocoinnews.com/2021/10/nigeria-diaspora-remittances-decline/): The use of cryptocurrency to make cross border remittances is cheap. Nigeria tech-inclined in the diaspora have started using cryptocurrencies to send money income to invest or support their families. The flow of remittance coming into Nigeria has been reduced by a good 27 per cent from $23.5 billion last year to $17.2 billion. The reduction was $4 billion more than the prediction of the world bank. The world financial institution has predicted that the foreign remittances coming into Nigeria were going plummet by $2 billion stemming from the effect of covid 19 especially in countries where funds are generated from. [&hellip;]
- [Crypto Has Value: Putin, Russian President Says.](https://diutocoinnews.com/2021/10/crypto-has-value-putin-russian-president-says/): Russian President Vladimir Putin thinks cryptocurrencies have value — but he&#8217;s not convinced they can replace the U.S. dollar in settling oil trades. Asked whether bitcoin or another cryptocurrency could be used as an alternative to the dollar in trading oil — a key export for Russia — Putin said it&#8217;s &#8220;too early to talk about the trade of energy resources in crypto.&#8221; &#8220;I believe that it has value,&#8221; he told CNBC&#8217;s Hadley Gamble at the Russian Energy Week event in Moscow Wednesday. &#8220;But I don&#8217;t believe it can be used in the oil trade.&#8221; &#8220;Cryptocurrency is not supported by anything as of [&hellip;]
- [Bank of Ghana Issues Scam Alert On Money Doubling Ponzi Scheme](https://diutocoinnews.com/2021/10/bank-of-ghana-issues-scam-alert-on-worldremit/): In a press release, Bank of Ghana announced that it has identified a money doubling scheme disguising under the pseudo name &#8220;Worldremit&#8221; engaging in illegal business of international money transfer. The release reads, &#8221; the fraudulent scheme is distinct from the globally renowned Fintech, &#8216;WorldRemit&#8217; which is in the business of International fund transfers&#8221; The fraudulent scheme customers to select prefect product packages, following which a code is generated by the fraudsters with which they obtain the WhatsApp account of their victims for scam purposes. It cautioned the general public against patronising “this and other similar unsanctioned schemes”. The Bank of [&hellip;]
- [Challenge Hindering The Adoption Of Cryptocurrency In Africa.](https://diutocoinnews.com/2021/10/hindering-adoption-of-cryptocurrency-in-africa/): Amidst the growth surrounding Cryptocurrency in Africa, people in this region battle with certain challenges. According to a report by Chainalysis, a Blockchain analysis company, Africa cryptocurrency dealings have risen to the top ten largest services on the continent by volume. Rising from 67 per cent in 2019 to 78 per cent in 2020. Yet Nigeria&#8217;s central bank banned banks from offering services to cryptocurrency platforms. &#8220;Adopting was just beginning to take off in Africa, and in Nigeria specifically thing was blowing up last year&#8221;, says Buchi Okoro who is the co-founder and the CEO of Quidax, &#8221; Trades are still [&hellip;]
- [A Peek Into Cryptocurrency Scams In Africa.](https://diutocoinnews.com/2021/10/cryptocurrency-scams-in-africa/): Africa might currently be the smallest cryptocurrency economy in the world but it is the fastest-growing region in that regard. Because cryptocurrencies have brought with them comfortable and fast-paced means of cross border payment. This has made the region a fruitful arena for scams. For the past few years, more than a few swindlers have been reported in various African countries translating to the loss of millions of dollars of investors funds. Just last year the amount of money lost to scams was a total of $10 billion according to the report provided by chainalysis. How Do These Scams Work? The [&hellip;]
- [Solana's Phantom Wallet Beefs Up Security After Scammers Drain Users Wallets.](https://diutocoinnews.com/2021/10/solana-phantom-strengthens-security/): Solana-based digital wallet Phantom has strengthened its cyber defenses after weeks of user-reported scams that drained victims’ crypto token balances. The wallet, analogous to Ethereum’s Metamask, exiled its “auto-approve” transaction feature to the back of the app, an&nbsp;Oct. 7 blog post&nbsp;said. It also cleaned up the user interface (UI) for transaction previews and said an anti-phishing website blocker is slated for future rollout. “We need a way to protect users from losing their funds to the ever-growing number of phishing scams out there,” Phantom’s Chief Product Officer Chris Kalani told CoinDesk in an email. Phantom’s security upgrades highlight the tug-and-pull between [&hellip;]
- [What Is ERC-721?](https://diutocoinnews.com/2021/10/what-is-erc-721/): ERC-721 refers to a token standard that can be found on the Ethereum blockchain. The more common term used to refer to these assets is non-fungible tokens, an asset class that exploded in popularity in late 2020 and early 2021. Non-fungible tokens (or NFTs for short) refer to tokens that have unique characteristics, setting them apart from other tokens. A $10 note is an example of something fungible. If you lend one of these banknotes to a friend, you don’t need to receive the same one back as they are all identical. A plane ticket or a trading card is an [&hellip;]
- [Bitzlato —  A Modern P2P Cryptocurrency Exchange Platform](https://diutocoinnews.com/2021/10/bitzlato-p2p-cryptocurrency-exchange/): Bitzlato —  A Modern P2P Cryptocurrency Exchange Platform Cryptocurrency P2P exchange is getting more and more popular in different regions and one of the main ones in Africa, the leading continent in Bitcoin trading volume. Bitzlato is an excellent example of a modern, user-friendly, and advantageous Р2Р platform.&nbsp; In 2016 the company introduced a brand-new generation of P2P platforms, which became even closer to ordinary users. Originally it was based on Telegram-bot — and in the summer of 2018, the service got its integrated Web version.&nbsp; On Bitzlato you can buy and sell Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Dogecoin (DOGE), [&hellip;]
- [Zimbabwean Government Not Slacking Off On Its Stand Regarding Cryptocurrency](https://diutocoinnews.com/2021/10/zimbabwean-government-not-slacking-off-on-cryptocurrency/): The Zimbabwean Finance Minister Mthuli Ncube just recently made a comment that seems to show that he supports the use of Cryptocurrency by the citizens of Zimbabwe. &#8220;I visited the DMCC CRYPTO CENTRE in Dubai, which is a fascinating incubation hub for cryptocurrency and payment solutions. Came across solutions that could lower changes for diaspora remittances&#8221;. The country&#8217;s economists and experts however have stated that the minister&#8217;s comment does not in any way pave the way for the lifting of the imposition on cryptocurrency way back in 2018. The experts declare that the government is not about to relinquish its grip [&hellip;]
- [Nigeria Ranks Highest on African Bitcoin Transaction Volume in 2021](https://diutocoinnews.com/2021/10/nigeria-ranks-highest-on-african-bitcoin-transaction/): West African giant&nbsp; Nigeria has won laurel for itself according to recent data from Google Trend, which says that Nigeria is the only country with so much interest in Bitcoin. Reports from other sources indicate that Nigerians have traded up to $218 million in Bitcoin just in the last 6 months. Kenya and Ghana trailed behind Nigeria with each claiming $90 million and $68 million to their credit as transaction volume amassed from Bitcoin trading. Nigeria braved all odds including a ban on crypto activities from the Central Bank of Nigeria (CBN), to find itself at the top of the pecking [&hellip;]
- [Kenya Ranks Fourth Globally In The Number Of Cryptocurrency Search, Research Confirms.](https://diutocoinnews.com/2021/10/kenya-ranks-fourth-globally-in-cryptocurrency-research/): A recent research study carried out by Broker Chooser just found out that Kenya is fourth highest in the number of searches on cryptocurrency in the world in the past twelve months. They are only surpassed according to the research study by Ukraine, Russia, and the United States of America. News from citizen newspapers reported that the number of searches springing out of Kenya during twelve months is at 99,810. The statistic that ranked Kenya as the fourth-highest country globally in terms of searches on cryptocurrency has revealed that there is an increase in the interest per capita in the African [&hellip;]
- [Metaverse Explained](https://diutocoinnews.com/2021/10/metaverse-explained/): Due to the recent coronavirus pandemic, the interest in a generally shared virtual community or simply the &#8220;metaverse&#8221; has received the attention of a large number of people. WHAT IS METAVERSE? Metaverse is a term that originated from its usage in science fiction, coupled with the words &#8220;meta&#8221; which means beyond and the word &#8220;universe&#8221; It refers to a virtual environment in which virtual lands, buildings, arts e.t.c can be bought and sold using cryptocurrency. In the metaverse, people can stroll for sightseeing, visiting lands, buying goods and services or even going to events. Like is mentioned earlier, the coronavirus pandemic [&hellip;]
- [Serie A's SS Lazio SPA Main Jersey Sponsor is Binance. In Over €30 Million Deal.](https://diutocoinnews.com/2021/10/binance-sponsors-ss-lazio-jersey/): Latest in the series of Binance massive marketing campaign in Crypto ecosystem is the adoption of Binance branded jersey by top tier Italian first football club Società Sportivo Lazio- SS Lazio. The sponsorship is part of Binance foray into sports token development. The jersey unveiling follows the launch of Binance fan tokens with the maiden introduction of LAZIO fan token. The crypto exchange giant will pay more than 30 million euros to put its brand on Lazio shirts in a three year partnership, the Serie A club said. &#8220;The partnership between Binance and Lazio as Main Jersey Sponsor has a duration [&hellip;]
- [Coinbase Is Launching NFT Market Place. Target to Displace Opensea As Leading NFT Ecosystem Player](https://diutocoinnews.com/2021/10/coinbase-to-launch-nft-market-place-2/): The cryptocurrency exchange Coinbase disclosed on Tuesday that it plans to launch a marketplace that lets users mint, collect and trade NFTs, or nonfungible tokens. Users can sign up to a waitlist for early access to the feature, the company said. Coinbase said its NFT marketplace, called Coinbase NFT, would include &#8220;social features&#8221; and tap into the trend of creator economy, a term used to describe the world of people who make money posting videos and other content online. Still, a move into the NFT space could be a way for Coinbase to branch out into new revenue streams — the [&hellip;]
- [Coinbase Is Launching NFT Market Place. Target to Displace Opensea As Leading NFT Ecosystem Player](https://diutocoinnews.com/2021/10/coinbase-to-launch-nft-market-place/): The cryptocurrency exchange Coinbase disclosed on Tuesday that it plans to launch a marketplace that lets users mint, collect and trade NFTs, or nonfungible tokens. Users can sign up to a waitlist for early access to the feature, the company said. Coinbase said its NFT marketplace, called Coinbase NFT, would include &#8220;social features&#8221; and tap into the trend of creator economy, a term used to describe the world of people who make money posting videos and other content online. Still, a move into the NFT space could be a way for Coinbase to branch out into new revenue streams — the [&hellip;]
- [Binance Maps Out Whopping $1 Billion For BSC Projects](https://diutocoinnews.com/2021/10/binance-plan-1billion-bsc-project/): Binance, on Tuesday announced that it had committed $1 billion to further boost BSC’s growth, after it put up $100 million to support decentralized finance (DeFi) projects on BSC a little over a year ago. Binance’s latest move came as a number of other new Ethereum-alternative projects are also dedicating hundreds of millions of dollars in incentives. “BSC’s growth has attracted 100 million more DeFi users with just an initial funding of $100 million,” Binance CEO Changpeng Zhao said in a press release. “With the new contribution of $1 billion, it can disrupt traditional finance and accelerate global mass adoption of digital assets to become [&hellip;]
- [Crypto Exchange Coinzo Shuts Down.](https://diutocoinnews.com/2021/10/coinzo-shuts-down/): Leading crypto exchange Coinzo announced on Monday it’s ending trading operations. The platform called on customers to withdraw their assets in Turkish lira and cryptocurrency without providing any particular reason for its decision to exit the market. In a notice published on its website, the company stated: &#8220;We have decided to terminate our digital asset service provider (cryptocurrency platform) service.&#8221; The exchange emphasized that its website, Coinzo.com, will continue to be accessible for another six months, during which traders will be able to log in to their accounts and withdraw Turkish lira and cryptocurrencies. All features will be available except the purchase and [&hellip;]
- [South African Police Reports An Alleged Crypto Scam.](https://diutocoinnews.com/2021/10/south-africa-police-report-crypto-scam/): South African police just released an arrest warrant for the arrest of a crypto trader named Shezi Sandile, 29. Allan Ledwaba, the complaint claims he has invested a loan he collected from his father in the crypto trader&#8217;s company According to the report from City press, the duo met at a program organised by Shezi Sandile&#8217;s company called The Global Forex Institute to train the audience on forex trading. Ledwaba professed that Shezi had showcased a &#8220;trading account&#8221; that contained over 5.9 million belonging to him. The city press report also inferred that the crypto trader&#8217;s Ferrari and Lamborghini were also [&hellip;]
- [Tanzania's Digital Currency: Economists Are Skeptical](https://diutocoinnews.com/2021/10/tanzanias-digital-currency/): Not long ago, the Bank Of Tanzania established its desire to support the adoption of Cryptocurrency by creating the country&#8217;s digital currency. The adoption of cryptocurrency by Tanzanians has since seen substantial growth following the call by Tanzania&#8217;s President Samia Suluhu Hassan for the BOT( Bank Of Tanzania) to commerce procedure for the creation of its digital currency. Bank Of Tanzania (BOT) director of economics research and policy, Dr Suleiman Missango stated that they are still working on the fundamentals. The general public, including the media, will be updated on the progress made in a due course, he shared. However, some [&hellip;]
- [OKEX Africa 3-Day Virtual Crypto Trading Masterclass](https://diutocoinnews.com/2021/10/okex-africa-virtual-crypto-masterclass/): OKEx Africa presents a 3-Day Virtual Crypto Trading Masterclass for crypto beginners and enthusiasts. OKEx Africa facilitators are bringing with them years of experience to help you learn different ways to earn with crypto. They will be teaching how to do spot trading, futures trading, technical analysis, DeFI and so much more. You will be able to learn how to trade and make money from trading either as a student or a working class citizen. There will be provision for live streaming both on Zoom. Giveaways will be too many for active attendees.&nbsp; Speakers:&nbsp; Paul Ezeafulukwe — BD OKEx Africa Trevor [&hellip;]
- [Hash Function: A Simple Explanation Of The Basics](https://diutocoinnews.com/2021/10/basic-explanation-of-hash-function/): To fully explain what a Hash Function is, we will be breaking it down into a familiar scenario. Take a moment to imagine the environment of the birthing of a new baby. Here, the man deposits his seed into the woman and harvests a child after nine months. That&#8217;s the basic principle of the hash function. Simple right? Hashing according to Espresso is the process of converting a given key into another value. Hashing refers to the procedure of producing a fixed output for an existing input. As long as the input doesn&#8217;t change, you can run it multiple times with [&hellip;]
- [Obi Cubana Joins Crypto Org As Development Advisor for Africa.](https://diutocoinnews.com/2021/10/obi-cubana-joins-crypto-org/): Chairman Cubana Group , Obi Iyiegbu popularly known as Obi Cubana has announced his venture into the blockchain ecosystem as his newest project. In a post made on his Instagram page, Obi cubana wrote; &#8221; I am very excited to be part of the newest project in the BLOCKCHAIN ECOSYSTEM as the &#8216;Business Development Advisor&#8217; for Africa. &#8220;I have joined the INERY TEAM because of the great project potentials and even the greater returns on investment.&#8221; The Inery team is a small group of professional enthusiasts with the mission to build a global landmark technology by creating a decentralized storage space [&hellip;]
- [The Nigerian Central Bank Will Launch Its Digital Currency Soon, CBN Governor Reaffirms](https://diutocoinnews.com/2021/10/nigeria-will-launch-its-digital-currency-soon-cbn-governor-reaffirms/): The governor of the Central Bank Of Nigeria (CBN) on Thursday confirms that the launch of Nigeria digital currency is within days. The e-naira which is the name given to the CBDC of Nigeria will be set in motion in &#8220;a couple of days&#8221; Godwin Emefiele affirms. This is not the first time an announcement of this nature has been made. The CBN (central bank of Nigeria) has previously announced that the country&#8217;s CBDC would be launched on the first of October which is the country&#8217;s independence day, and afterwards came out to give an indefinite date. One reason for the [&hellip;]
- [GameFi/Metaverse For Profit.](https://diutocoinnews.com/2021/10/gamefi-metaverse-for-profit/): The gameFi/Metaverse Crypto space is trending worldwide in Crypto communities, the Nigeria crypto community seems to be left behind. Nigeria needs a cultural themed crypto gameFi to attract users to the gameFi concept. Let&#8217;s take a look on this Forbes article on GameFi for profit by Joseph Young. In regions like South East Asia, specifically in the Philippines and Vietnam Axie Infinity is fueling a digital economy based on digital assets. People are playing Axie as their main source of income in places where banking services are hard to access and often expensive. Axie Infinity, the most popular crypto-based game and [&hellip;]
- [Cryptocurrency Regulation Deficiencies stalling South Africa's Crypto Adoption](https://diutocoinnews.com/2021/10/crypto-regulation-stalling-south-africas-crypto-adoption/): According to the recently published report, The Financial Action Trust Force has indicated that there are substantial issues in the regulation of Cryptocurrency in South Africa. The report stressed the major inadequacies in the country&#8217;s Cryptocurrency Regulation, stating further that there are no based measures taken as the Crypto Asset Service Providers (CASP&#8217;s) The country is expected to take necessary precautions and mend the lapses highlighted in the report. The regulation should be remedied within 18 months. One of the major problems stated was that the Crypto Asset Service Providers CASP&#8217;s were not required to take any anti-money laundering or counter-terrorist [&hellip;]
- [Google To Establish $50 Million Africa Investment Fund for Start-Ups in Africa.](https://diutocoinnews.com/2021/10/google-50-million-african-investment-fund/): Google has changed concluded plans to invest up to $50 million in African prospective and growing existing startups through its Africa Investment Fund, boosting contributions to support more businesses on the continent. In a virtual event over the week, CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in tech-led initiatives in Africa. These drive ranges from improved connectivity through Google’s subsea cable Equiano to investments in small businesses and startups. Google already has an existing and running program for Start-ups in Africa called Startups Accelerator Africa program and also recently launched Black Founders Fund. [&hellip;]
- [Muslim Crypto Honoring The Birth of Prophet Mohammed Debuts.](https://diutocoinnews.com/2021/10/islamicoin-debuts/): A crypto professional developing group announced campaign for the launch of Islamicoin to create a solution to financial independence for the future of the global Muslim community. The cryptocurrency press release noted that it is ,&#8221;built and devised based on the latest blockchain technology through Polygon, ISLAMICOIN is a token created to establish and launch a secure, reliable, and trusted Islamic currency that facilitates commerce exchanges and financial transactions around the world.&#8221; According to ISLAMICOIN WhitePaper published on www.islamicoin.finance, “ISLAMICOIN will be in compliance with the values and ethics of the Islamic religion through integrating the success of ISLAMICOIN with the main [&hellip;]
- [What is Responsible For Africa's Slow Growth In Fintech Industry?](https://diutocoinnews.com/2021/10/africas-slow-growth-in-fintech/): New Study Finds That The Reason For Africa&#8217;s Slow Growth In Fintech Industry Is Lack of Regulations In recent times, the fintech industry in Africa has witnessed massive growth. The advent of blockchain technology and cryptocurrency into the African market is considered a driving force behind this significant growth. While a few countries have capitalized on both technologies to develop their economies, several others are trailing behind owing to some factors including not having much knowledge about the innovations. In light of this, a new study sought to determine the factor(s) responsible for a thriving fintech sector in a few African [&hellip;]
- [Crypto Investors In Africa Are Interested In The Education Of Their Children.](https://diutocoinnews.com/2021/10/african-investors-interested-in-their-childrens-education-2/): A recent survey has revealed how African investors are making keen arrangements in educating their children about cryptocurrency while giving them a better life.  The recent report by Luno following a research survey of Crypto savvy investors in three African countries which are Nigeria, South Africa and Kenya resulted in several wonderful findings. An average of 48 per cent of Crypto investors holds cryptocurrencies to give their wards a better educational standard. This survey which included 7000 participants revealed that Africa Crypto holders are very much interested in the long term profitability of cryptocurrencies. While speaking about the outcome of the [&hellip;]
- [Investing Ideas to Know With a Growing Capital](https://diutocoinnews.com/2021/10/investing-ideas-to-know/): Investing is one of the most important aspects of finance. When you invest, your money compounds and grows.&nbsp; Investing is the act of allocating resources, usually money with the expectation of generating an income or profit. Regardless of where you invest your money, you are essentially giving your money to a company or other entity hoping to get more money in the future. Investing is different from saving, investing is riskier than saving money. Saving is sometimes guaranteed but investments are not. If you were to keep your money in a box and not invest, you won&#8217;t have more money than [&hellip;]
- [Binance Closes Some of It's Services in South Africa.](https://diutocoinnews.com/2021/10/binance-closes-some-of-its-sa-services-2/): Cryptocurrency exchange Binance announced Friday some changes to its offerings in South Africa. Noting that it “constantly evaluates its product and service offerings to comply with local regulations,” Binance said it will “cease offering” futures, options, margin, and leveraged tokens products to South African users. The company added: &#8220;With immediate effect, South African users will be restricted from opening new accounts for these products. Users will have 90 days to reduce and close their positions for these products.&#8221; The exchange continued, “Users will be able to top-up margin balances to prevent margin calls and liquidations, but they will not be able [&hellip;]
- [Binance Closes Some of It's Services in South Africa.](https://diutocoinnews.com/2021/10/binance-closes-some-of-its-sa-services/): Cryptocurrency exchange Binance announced Friday some changes to its offerings in South Africa. Noting that it “constantly evaluates its product and service offerings to comply with local regulations,” Binance said it will “cease offering” futures, options, margin, and leveraged tokens products to South African users. The company added: &#8220;With immediate effect, South African users will be restricted from opening new accounts for these products. Users will have 90 days to reduce and close their positions for these products.&#8221; The exchange continued, “Users will be able to top-up margin balances to prevent margin calls and liquidations, but they will not be able [&hellip;]
- [OKEx Lists WIN Token for Spot Trading ](https://diutocoinnews.com/2021/12/okex-lists-win-token-for-spot-trading/): OKEx is pleased to announce the listing of WIN&nbsp;token on our spot trading markets. Trading of WIN&nbsp;is now open for spot trading according to the following schedule: 1. WIN deposits opened at 7:00 am UTC on Dec. 2, 2021 2. Spot trading for WIN/USDT opened at&nbsp;8:50 am UTC on Dec. 2, 2021 3. WIN withdrawals opened at 10:00 am UTC on Dec. 3, 2021 WINkLink is the first decentralized oracle on the TRON network, which aims to integrate the real world with the blockchain space. The project aims to provide reliable data feeds to enable smart contract execution. WINklink Oracle allows developers to [&hellip;]
- [MBOX Momoverse Records Over 1,000,000 Residents On It's Launch On Binance Market Place.](https://diutocoinnews.com/2021/12/momoverse-launch-on-binance/): The recently launched  MOBOX MOMOverse Phase One on the Binance ecosystem has recovered over a million residents. MOMOverse is the first metaverse to integrate with the Binance ecosystem, which is only accessible via the Binance app. With the registration phase of the MOMOverse open (30th November), users can register to experience free to play and play to earn on the go, with a suite of games expected to be launched soon on the MOMOverse According to information issued by t platform, there will be a land of MOMOmania floats as an undiscovered universe that longs to be discovered and inhabited by Unique Avatars of their kind,called MOMO-mians. Creating &amp; sharing ideas and concepts will be key [&hellip;]
- [Crypto Smart: Africa's No.1 B2B Crypto Asset Management Platform Is Upscaling on Algorand Blockchain](https://diutocoinnews.com/2021/12/crypto-smart-asset-management-platform/): In its quest to serve its customers more efficiently and effectively, Cryptosmart is upscaling to Algorand blockchain.&nbsp; Cryptosmart, Africa&#8217;s No. 1 B2B Crypto Asset Management company is set to move from its manual process to blockchain products in accordance to its road map.&nbsp; In its roadmap, Cryptosmart is expected to launch its blockchain products in Q4, 2021. The digital products to be launched are; Bitsave protocol&nbsp; CS Asset management&nbsp; Enterprise safe DeCom &#8211; Decentralized Commerce Centralized Cross-chain P2p marketplace&nbsp; Upscale Launchpad Bitsave The Bitsave protocol will enable users to perform SaveFi which is a cross between saving on crypto and performing [&hellip;]
- [OKEx Announces Boring Token Staking and Flash Deals With the 23rd Phase of Subscriptions Coming Soon](https://diutocoinnews.com/2021/12/okex-boring-token-staking/): OKEx Earn will launch BORING staking service at 03:00 am UTC on December 1, 2021. Users will be able to stake BORING with just a few clicks and earn yield in return. How to stake BORING Web: From the OKEx homepage, hover over “Finance” in the top menu and click Earn from the drop-down list. On the Earn page, you can find BORING via the search box or by scrolling through the list of assets. Click Select to see staking information and then Subscribe to choose the amount of BORING you wish to stake. Mobile: From the app’s home screen, tap [&hellip;]
- [Five Crypto Tokens To Bag For Christmas](https://diutocoinnews.com/2021/12/crypto-for-christmas/): The cryptocurrency ecosystem recently has seen surge among many metaverse projects, but metaverse is not all to it. There are also other projects with potentials of achieving skyrocketing growth this season due to its community power, or the company associated with. This projects we believe have the potentials of not only growing in December, but will be among the growth trend defining moments in crypto ecosystem in the coming year. In no particular order, this projects are; MOBOX: The Binance supported gaming and metaverse NFT token has recorded over 200% growth in November alone and the momentum seems to just beginning. [&hellip;]
- [Omicron Crypto, Similar in Name To Trending COVID-19 Variant Rises To 900% Price.](https://diutocoinnews.com/2021/11/omicron-crypto-rises-to-900/): Bitcoin, Ethereum and global markets experienced some downward price trend following the emergence of the fast-spreading Omicron COVID-19 variant, but relatively new crypto named Omicron has seen a massive spike. By Monday, the token OMIC surged by 945 per cent since Saturday to reach an all-time high of $689 (€610). The token coincidently bears the same name as the COVID-19 variant that was found on November 23 in South Africa. The B.1.1.529 strain was named after the fifteenth letter of the Greek alphabet by the World Health Organization (WHO) on Friday. The token came into existence earlier in November and appears [&hellip;]
- [EFCC Storms Yahoo Boys Award Night, Arrests 60.](https://diutocoinnews.com/2021/11/efcc-arrest-at-yahoo-boys-award-night/): Operatives of the Lagos command of the EFCC have arrested 60 suspected internet fraudsters during an award ceremony at the Conference Hotel in Abeokuta , Ogun state. The event, tagged, &#8221; Peer Youth Award&#8221;, investigaton by the agency revealed, was organised to reward high level internet fraudsters Items recovered from the suspects at the point of arrest included exotic cars, electronic devices, laptop computers and mobile phones. The suspects, the commission noted, will be charged to court as soon as possible.
- [Jack Dorsey Resigns From Twitter.](https://diutocoinnews.com/2021/11/jack-dorsey-resigns-from-twitter/): Jack Dorsey, the cofounder whose public image is synonymous with Twitter, will step down from his role as CEO, effective immediately, the company announced Monday. Dorsey will remain a member of Twitter&#8217;s board until at least next year.Parag Agrawal, Twitter&#8217;s chief technology officer, will take over as CEO. &#8220;I&#8217;ve decided to leave Twitter because I believe the company is ready to move on from its founders,&#8221; Dorsey said in a statement Monday. &#8220;My trust in Parag as Twitter&#8217;s CEO is deep. His work over the past 10 years has been transformational. I&#8217;m deeply grateful for his skill, heart, and soul. It&#8217;s [&hellip;]
- [Tanzania To Develope Central Bank Digital Currency CBDC](https://diutocoinnews.com/2021/11/tanzania-develope-central-bank-digital-currency/): The Tanzanian government is making deliberations on how to develop its own cryptocurrency to follow the path of other African countries. According to Bloomberg, the Bank of Tanzania already kicked off with the preparations of a central bank digital currency (CBDC) amid a ‘FOMO’ or Fear of Missing Out feeling among the authorities regarding the crypto sphere. “To ensure that our country is not left behind the adoption of central bank digital currencies, the Bank of Tanzania has already begun preparations to have its own CBDC,” Florens Luoga, Bank of Tanzania’s Governor, commented on the matter. With that being said, Tanzania is joining [&hellip;]
- [GALA Games Metaverse Price Prediction Projects A 50% Token Price Correction.](https://diutocoinnews.com/2021/11/gala-token-prediction-50-price-correction/): The price of GALA seems to be pulling back from its all-time high as investors takes profit across most cryptocurrency markets. Blockchain-based play-to-earn platform Gala Games (GALA) has been a star performer in November, and the rapid ascent of the GALA token has been incredible. Between the 17th and today, the price increased over 620% to a record $0.8420, inflating the projects market cap to almost $6 billion. And despite the ongoing retracement, Gala is still the 42nd largest cryptocurrency, ahead of Helium. Investors have been embracing anything gaming and Metverse-related over the last three weeks. This is undoubtedly due to Facebook pivoting to [&hellip;]
- [Google Cloud Used For Illegal Crypto Mining, Report Shows.](https://diutocoinnews.com/2021/11/google-cloud-for-illegal-crypto-mining/): Online attacks have become extremely prominent, and they include cryptocurrency mining abuse, phishing campaigns, ransomware, and so on. A new cyber security report by Google has revealed some disturbing statistics. The report shows that the most compromised Google Cloud accounts are used for cryptocurrency mining. Google’s Cybersecurity Action Team released the first issue of Threat Horizons insights. The report is based on threat intelligence observations from the Threat Analysis Group (TAG), Google Cloud Threat Intelligence for Chronicle, Trust and Safety, and other internal teams. The report stated that, “Of 50 recently compromised GCP instances, 86% of the compromised Google Cloud instances were used [&hellip;]
- [Metaverse Coin MBOX Announces Token Burn.](https://diutocoinnews.com/2021/11/mbox-mobox-burns-coins-token/): One of the leading metaverse gaming platform Mobox (Mbox) has announced over 170,000 burns of it&#8217;s coins on Binance Smart Chain Contract. According to a tweet post the trending metaverse gameFi platform tweeted; #MBOX burn has taken place! We burned 170,445 #MBOX The last time the metaverse platform announced a burn in November, it&#8217;s coin price did a100% price increase. MOBOX is the team behind the MOMOverse, a cross platform Metaverse that can be enjoyed on all devices. MOBOX also features the MOMO NFTs collection, along with an upcoming MOBOX chain, a revolutionary carbon neutral blockchain featuring more than 150 thousand [&hellip;]
- [Popular Chinese Crypto News Site, ChainNews Clamps down.](https://diutocoinnews.com/2021/11/chainnews-closes/): ChainNews, one of China’s leading crypto news sites, closed its operations today, co-founder Feng Liu told global crypto news outfit in a Twitter message. Earlier Friday the co-founder announced the closure in his personal WeChat moments, according to a screenshot obtained by CoinDesk. On Nov. 15, ChainNews said its website would be down for maintenance for a few hours, but that the team would continue posting news on its Telegram channel and Twitter account. The news site has gone silent in both platforms since Nov. 25. The closure follows China’s Sept. 24 statement that it would step up censorship of crypto news sites along with [&hellip;]
- [Activation Festival Is Live! Refer Your Friends and Win an iPhone 13, Airpod Pro, Samsung Phones and Dollar.](https://diutocoinnews.com/2021/11/binance-activation-festival/): Activation Festival Is Live; Refer Your Friends and Win an iPhone 13, Airpod Pro, Samsung Phones and Dollar in BUSD. We are excited to announce our Activation festival this month to YOU! As part of our appreciation to the ever-growing Binance Africa community, this campaign seeks to reward new users and core Binancians across Africa.&nbsp; Refer new friends to sign up with your unique referral link, get them to buy crypto via P2P or trade of at least $10, and get a chance to qualify in the $20,000 Prize Pool,  inclusive prizes; iPhone 13, Airpod Pro, Samsung phone and BUSD Rewards.  [&hellip;]
- [Black Friday Sales Woes Crash Crypto Market.](https://diutocoinnews.com/2021/11/crypto-black-friday-crash/): Bitcoin and cryptocurrencies prices have experienced sharp fall as the discount shopping event Black Friday begins, dropping along with stock markets around the world . The bitcoin price fell to its lowest price since mid-October, down 6% on the last 24 hours and dropping under $54,000 per bitcoin. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, dropped towards the closely-watched $4,000 per ether level. The broad bitcoin and crypto sell-off—also hitting Binance’s BNB, solana, cardano, Ripple’s XRP and dogecoin—has wiped around $200 billion from the combined crypto market capitalization since Monday. “With increased equity market volatility, crypto investors should be on guard,” [&hellip;]
- [Enugu Based Forex  Investment Scheme Operator Absconds With Investors Billions.](https://diutocoinnews.com/2021/11/enugu-based-forex-investment-scheme-operator-run-away/): A young businessman based in Enugu State, Mr Agbo Paul Onyebuchi Divine, who is the founder and Chief Executive Officer of De Ecstasy Agro and Farming Services, has ran away with money invested in his company by members of the public.The money said to run into several billions of naira, was invested by those he promised to pay 30% percent return on investment every 30 working days.  According to Sahara reporters, since the beginning of this month (November), many of the investors largely made up of students of the University of Nigeria Nsukka and other institutions around, who visited the company&#8217;s [&hellip;]
- [NFT Is Collins Dictionary Word Of The Year 2021, Beating Crypto.](https://diutocoinnews.com/2021/11/nft-is-collins-dictionary-word-year/): The abbreviation of non-fungible token has seen a speedy rise in usage over the last year, said Collins, it upped 11,000% in the last year. Any digital creation can become an NFT, with the term referring to a certificate of ownership, registered on a blockchain, or digital ledger of transactions. NFT beat two other tech-based words on Collins’ shortlist of 10 words of the year: crypto, the short form of cryptocurrency, usage of which is up 468% year on year, according to Collins, and metaverse, a term coined by Neal Stephenson in his 1992 novel Snow Crash. Describing a three-dimensional virtual world – such [&hellip;]
- [Coinbase Buys BRD Crypto Wallet Sending The Firm Token To Over 800% Price Increase.](https://diutocoinnews.com/2021/11/coinbase-buys-brd-crypto/): Crypto wallet fintech startup BRD has been acquired by Coinbase, according to a BRD blog post Wednesday (Nov. 24),this the co-founders Adam Traidman and Aaron Voisine say will accelerate the company’s decentralization goals. The post notes that nothing will change in the BRD wallet app and reassures users that their funds are safe and secure. According to a&nbsp;tweet&nbsp;from the Coinbase Wallet account, the BRD team will help with the adoption of web3, and the team’s expertise in crypto wallets will help Coinbase with its crypto safety and security needs. The post also notes that in the future, BRD wallet users can choose to [&hellip;]
- [Crypto Traders, Beware Of Flubot !](https://diutocoinnews.com/2021/11/crypto-traders-beware-of-flubot/): Investigattions by the rapid response team of Sophos, a cyber security firm, has revealed that most of the cryptocurrency investors are becoming targets for ransomware through face app login screens. The study mentions Flubot, a mobile malware family that wreaked havoc in 2021 as one of the most common banking trojans affecting Android users. The software resembles bank and cryptocurrency app login windows in order to collect the passwords of users. It not only steals bank account information, but also the contact information, which it then employs to spam the victim&#8217;s friends and associates with messages that can lead to more [&hellip;]
- [Social Payment Company Kurepay Restricts Operations In Nigeria](https://diutocoinnews.com/2021/11/kurepay-restricts-nigeria-operation/): Since the ban on cryptocurrency transactions by the Central Bank of Nigeria (CBN) and the strict regulation sent to the banking and monetary sector in February 2021, various financial firms like Kurepay has restricted their operations in Nigeria. Tech firms interested in cryptocurrencies were able to utilise e-banking and monetary services within the Blockchain and crypto ecosystem so long they followed the policies of Anti Money Laundering (AML) and Know Your Customer(KYC) which were laid down by the financial institutions. Since the ban, however, companies and individuals affiliated with cryptocurrencies and other digital assets have been renounced from using banking and [&hellip;]
- [A Virtual Plot Of Land Sold For $2.4 Million In MANA Decentraland Metaverse, As The Token Surge To 500% Price in November.](https://diutocoinnews.com/2021/11/virtual-land-sold-2-4-million-mana-decentraland/): A piece of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com (COIN.NLB) and Decentraland said on Tuesday. Decentraland is an online environment &#8211; also called a &#8220;metaverse&#8221; &#8211; where users can buy land, visit buildings, walk around and meet people as avatars. Such environments have grown in popularity this year, as the pandemic caused people to spend more time online. Interest grew last month when Facebook changed its name to Meta to reflect its focus on developing virtual reality products for the metaverse. Decentraland is a specific [&hellip;]
- [ÉChoke Token, A Davido Crypto Patnership Debuts.](https://diutocoinnews.com/2021/11/echoke-token-a-davido-crypto-patnership/): The Bitsika, a Pan African money remittance fintech organisation is collaborating with Nigeria Global Afro pop star Davido to establish it&#8217;s native crypto token called Echoke, named after the trending social media slang made popular by Davido. The token will be hosted under a new crypto outfit Omegoat, established by the company. According communication released by the organization, &#8220;Echoke is a community token built with incentives to provide value to entertainment and hospitality consumers. Entertainment consumers create so much value for corporations but the value is captured and enjoyed by a select few executives in a boardroom. We are using this [&hellip;]
- [Elon Musk and Binance CEO In War of Words Over Doge Coin.](https://diutocoinnews.com/2021/11/elon-musk-binance-twitter-fight/): Elon Musk CEO Telsa and self professed Doge coin holder accused Binance CEO Changpeng Zhao of shady activities over restricted withdrawal of Doge coin on Binance app in a tweet call-out. The call out was made in a response to a tweet by a cryptocurrency news page coindesk, on Binance efforts in pushing for an improved perception by regulators of its global entity. In it&#8217;s response CZ Binance, directed Elon Musk to a tweet thread explaining that the difficulties encountered by Doge owners is coming from Doge developers wallet and that Binance is working with the developers to sort it out. [&hellip;]
- [The Central Bank Of Peru To Develop Its CBDC](https://diutocoinnews.com/2021/11/central-bank-of-peru/): The Central Reserve Bank of Peru, the apex bank in Peru, is intending to create a central bank digital currency (CBDC) like that of other countries of the world. The statement was made by its President, Julio Velarde, who said that the currency would be constructed primarily for payments. The president of the Reserve bank of Peru stated that the instruction was already working on the creation of a central bank digital currency (CBDC). The announcement was made last week during the 59th edition of the annual summit that was held virtually. He announced that the creation of a currency of [&hellip;]
- [These Metaverse Tokens Can Set You Up For Life.](https://diutocoinnews.com/2021/11/metaverse-tokens-coins/): You know that feeling when you discovered huge money stached and forgotten somewhere in your abode, and discovered right when you&#8217;re broke? Or something more than that is the joy that comes from growing gains of these trending metaverse tokens. Metaverse coins has continue it&#8217;s domineering run on the crytpocurrency ecosystem, with a total market cap of over $40 billion and a 24 hour trading volume averaging $10 billion, it’s clear that Metaverse coins are the money vibes right now and investors are constantly looking for up and coming projects to invest in. In no particular order, this article will list [&hellip;]
- [Nigeria Records Highest Crypto Adoption Rate Despite Clampdown.](https://diutocoinnews.com/2021/11/nigeria-records-highest-crypto-bitcoin-adoption/): According to the latest Finder Cryptocurrency Adoption Index, in November 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half of the 24.2% of Nigerian respondents that own cryptocurrencies are in fact bitcoin holders. On the other hand, the survey findings [&hellip;]
- [Cryptocurrency Can Cripple The Dollar As A Reserve Currency, Hillary Clinton](https://diutocoinnews.com/2021/11/cryptocurrency-can-cripple-the-dollar-as-a-reserve-currency-hillary-clinton/): Former ex-First Lady Hillary Clinton has advised countries to &#8216;start paying greater attention to the rise of cryptocurrency.&#8221; She cautioned that crypto could impair the role of the dollar as the world&#8217;s reserve currency and could destabilize nations. Former Democratic presidential candidate Hillary Clinton spoke about cryptocurrency on Friday 19th of November during a panel conversation at the Bloomberg new Economy forum which took place in Singapore. While expressing her opinion on a range of new challenges, including disinformation and artificial intelligence(AI), Clinton stated that she hopes nations will start paying close attention to the emerging technology of cryptocurrency. She stated [&hellip;]
- [EFCC Jails Fake Crypto Traders.](https://diutocoinnews.com/2021/11/efcc-jails-fake-crypto-traders/): Two fraudulent cryptocurrency traders were convicted for internet fraud in separate judgements at the Federal High Court, Enugu in the past week. The Economic and Financial Crimes Commission (EFCC) accused Eze Godwin of defrauding one Emily Alvarado of the sum of N2.1 million ($5,000).The convict gained the confidence of his target by fraudulently pretending online to be Brian Rose, a cryptocurrency trader. The convict gained the confidence of his target by fraudulently pretending online to be Brian Rose, a cryptocurrency trader. Stanley Ifeanyi Nwankwo&nbsp;similarly created a fake profile on Facebook, pretending to be one&nbsp;Zooley Tigers, a cryptocurrency trader and owner of Bitminershub.com. He was charged with attempting [&hellip;]
- [Texas Senator Introduce Legislation To Rectify Accented Bill](https://diutocoinnews.com/2021/11/texas-senator-introduce-legislation-to-rectify-accented-bill/): Senator Ted Cruz of the U.S. Congress has submitted a bill to revoke the $1 trillion infrastructure crypto provision section, which he said is a &#8220;devastating attack&#8221; on the crypto industry. &#8220;I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation,&#8221; he said. U.S. Senator Ted Cruz said on Tuesday that a bill to revoke the earlier accented infrastructure bill has been submitted because this bill will be a &#8220;devastating attack&#8221; on arising cryptocurrency industry. Senator Ted Cruz clarified that the bill he submitted would cancel [&hellip;]
- [Kenya Set Plans To Launch Central Bank Digital Currency.](https://diutocoinnews.com/2021/11/kenya-central-bank-digital-currency-cbdc/): The Governor, Central Bank of Kenya, Patrick Njoroge, has announced that consideration are underway for the East African nation to launch it&#8217;s digital currency, stressing that the regulatory body will take it&#8217;s time to ensure that the bank got it right. Njoroge confirmed the bank’s plans for a central bank digital currency (CBDC) following months of speculation after Nigeria became the first African nation to float a CBDC. Kenya will be following in the footsteps of Nigeria, Ghana and South Africa who have unveiled plans for retaill CBDCs. The governor note that major focus of the proposed digital currency ,CBDC, will [&hellip;]
- [Multi-trillion Opportunity Is In Metaverse: Epic Games Founder](https://diutocoinnews.com/2021/11/metaverse-multi-trillion-opportunity-epic-games/): The Epic games has experienced tremendously bullish expansion following growing trend in metaverse since Facebook rebranding and interests to make metaverse mainstream. The company’s Fortnite has rapidly evolved from a popular multiplayer game into an online space where people socialize and big-name musicians host virtual concerts. It competes with world-building games like Microsoft Corp.’s Minecraft and Roblox Corp.’s eponymous title in pursuing the metaverse vision of a virtual environment that would be the platform we use to interact with the internet and others, supplanting web browsers and mobile apps. “Over the coming decades, the metaverse has the potential to become a [&hellip;]
- [Digital Currencies Can't Outgrow US sanctions, Official Asserts](https://diutocoinnews.com/2021/11/digital-currencies-cant-outgrow-us-sanctions/): Russia&#8217;s digital ruble won&#8217;t enable the country to avoid the U.S sanctions because the global economy is &#8220;interconnected,&#8221; an official said. Central bank digital currencies (CBDC) like Russia&#8217;s digital ruble do not present any danger to the United States sanctions, according to the U.S. Deputy Treasury Secretary Wally Adeyemo. In an interview with CNBC on Wednesday, Adeyemo asserted that the U.S. dollar &#8220;will remain the dominant currency in the world&#8221; despite the increasing prominence of cryptocurrencies. The deputy Treasury Secretary spoke of how digital assets provide an &#8220;opportunity in lots of ways&#8221; for the U.S economy, but it also comes with [&hellip;]
- [Metaverse Projects Get $100 million Investment Funds And Support](https://diutocoinnews.com/2021/11/metaverse-projects-get-100-million-investment-funds-and-support/): Kucoin Labs, the investigative and investment branch of Kucoin, a cryptocurrency exchange, has initiated a $100 million fund to breed early metaverse affiliated projects. These will include blockchain gaming Initiatives, NFT platforms, and decentralized platforms among others. Kucoin, one of the forerunner exchanges in Asia, has taken the position of the first mover to hop on the metaverse train. The investment and investigation branch of the exchange, Kucoin labs, has initiated a $100 million fund to be injected into metaverse-based initiatives, and also blockchain-based games, decentralised layouts and other related projects. The support of Asia&#8217;s largest cryptocurrency exchange won&#8217;t be restricted [&hellip;]
- [Axie Infinity NFT Gaming Crypto, Bans 24,000 Axies](https://diutocoinnews.com/2021/11/axie-infinity-bans-24000-axies/): Axie Infinity gaming platform has banned 24, 000 axies across 10,000 Ronin accounts for violation of terms of service; attempting to alter the devices they play games from. The statement contained in a tweet on the official page of gaming platform, reitrated that millions of Lunacians ( Axie Community) safety is paramount. Axies are unique digital objects stored on Axie’s own blockchain; to create new ones, existing owners must “breed” them by spending currency earned within the game or purchased from an exchange. By winning battles in the game, or selling Axies to other players, owners can earn the game’s currencies. Those [&hellip;]
- [SAND Price Increases Rapidly As Sandbox Metaverse Alpha Set For Launch In November.](https://diutocoinnews.com/2021/11/metaverse-alpha-set-to-launch/): Price of metaverse project, Sandbox, SAND has witnessed continuous growth in the past weeks, recording over 100% growth as the Animoca brand virtual property gaming firm announced the launch of the Sandbox Alpha, an upcoming event that will allow players to explore the ecosystem&#8217;s metaverse for the first time and earn rewards in the process. The news had pushed SAND, the native token of The Sandbox ecosystem, to its new all-time high of USD 4.56. It has gained over 35% over the last 24 hours, as well as nearly 70% in a week. At the time of this report, the 66th [&hellip;]
- [Metaverse Tokens on OKEx Are Rallying Up As OKEx Records Over 300% Growth in Trading Volume.](https://diutocoinnews.com/2021/11/metaverse-tokens-on-okex/): OKEx notable growth in trading&nbsp; volumes cuts across different projects in the crypto ecosystem. The recent investment support to metaverse projects by Okex experienced an all round surge relative to all metaverse themed projects, from metaverse NFTs to metaverse gameFi. The metaverse, synonymous with virtual reality, is one of those trends that has caught popular attention among crypto enthusiasts and conventional digital world. From Epic Games to Facebook, several tech giants have brought the concept into the mainstream with their own metaverse ambitions.&nbsp; While mainstream interest is growing in the metaverse,platforms like Decentraland, The Sandbox and Cryptovoxels and GameFi titles like [&hellip;]
- [Nigeria CBDC Attracts Global Interest Says IMF](https://diutocoinnews.com/2021/11/nigeria-cbdc-attracts-global-interest-says-imf/): The International Monetary Fund (IMF) has asserted that the newly launched Nigerian central bank digital currency (CBDC) is commanding interest from many institutions globally, including central banks. Still, the body advises that the CBDC is a little risky for monetary policy implementation, cybersecurity, operational resilience, financial integrity and stability. In its recent country focus report written by Jack Ree, an economist, the IMF explains why Nigeria&#8217;s new digital currency has attracted significant interest from other countries and their central banks in particular. In the report, the writer remarks that the e-naira, unlike cryptocurrencies like bitcoin and ethereum, features rigid access right [&hellip;]
- [Africrypt Creditors Accept The Offer To Revive The Firm](https://diutocoinnews.com/2021/11/investors-revives-africrypt/): Investors who have their funds in the South African Crypto trading firm, Africrypt, have decided on a positive response to a proposal recently presented by an unnamed investor who is attempting to revive the collapsed company. In addition to reimbursing $4 million which was going to be used to pay off several debts owed by the firm, the anonymous investor is also ready to give out $1 million which will go towards the acquisition of the majority of the company&#8217;s shares and its intellectual property rights. In a previous report by Diutocoinnews, an unidentified investor had proposed funding the firm with [&hellip;]
- [The P2P Bitcoin Exchange, Localbitcoins Launches Mobile  App.](https://diutocoinnews.com/2021/11/localbitcoins-launches-mobile-app/): Bitcoin peer-to-peer (P2P) exchange LocalBitcoins has launched a mobile app for iOS and andriod devices the company said in an official statement .The application seeks to facilitate bitcoin trading as users can use their phones instead of a computer. &#8220;During 2020, LocalBitcoins welcomed 1.7 million new customers from 189 countries — most using mobile devices,&#8221; shared Jukka Blomberg, LocalBitcoins&#8217; chief marketing officer. &#8220;Our new mobile app shows our commitment to our global userbase and enforces LocalBitcoins&#8217; founding idea of Bringing Bitcoin Everywhere.&#8221; the statement reads. The app supports over 170 countries and over 100 payment methods and offers customer support in more than [&hellip;]
- [User Accuses Paxful Of Account Freezing, Threatens To Sue.](https://diutocoinnews.com/2021/11/user-accuses-paxful-of-accounts-ban/): Paxful, a global cryptocurrency exchange platform, has been accused by one of it&#8217;s users for unexplained account freezing without notice.&nbsp; The user called out the cryptocurrency exchange platform on social community app, Reddit. He accused Paxful for &#8221; being extremely vague&#8221; in their explanations. The user claimed that; &#8220;-the ceo BLOCKED me on Twitter -dozens of other ppl on Reddit and Twitter are claiming the same thing&#8221; On being an excellent customer, the user wrote, &#8220;My profile is IMPECCABLE &#8211; Perfect Feedback of nearly 3k &#8211; 15,000 successful trader &#8211; 1000 btc traded I don’t get how you guys want to [&hellip;]
- [South Africa NFT Marketplace Raises $5Million So That NFT Owners Can Use It As Loan Collateral.](https://diutocoinnews.com/2021/11/south-africa-nft-for-loan-collateral/): This market is one South African company NFTfi targets and has raised a seed round of $5 million to continue pioneering the financialization of NFTs.&nbsp;Early-stage crypto fund 1kx led the round, with Ashton Kutcher’s Sound Ventures, Maven 11, Scalar Capital, Kleiner Perkins and others participating.&nbsp; Once regarded as a fad (for some, it still is), NFTs, digital assets that depict real-world objects, are becoming&nbsp;increasingly&nbsp;popular within and outside the crypto world. Founded by&nbsp;Stephen Young&nbsp;in February 2020,&nbsp;NFTfi&nbsp;acts as a marketplace where users can get a cryptocurrency loan on their NFTs and offer loans to borrowers against their NFTs.&nbsp;In other words, users can use [&hellip;]
- [Globally Known Staples Centre Changing its Name To Crypto.com Arena](https://diutocoinnews.com/2021/11/globally-known-staples-centre-changing-its-name-to-crypto-com/): One of the most iconic and internationally recognised sports and entertainment stadia, Staples Centre, is changing its name to Crypto.com Arena. Crypto.com has also become an authorized cryptocurrency platform partner of the Los Angeles Lakers and the L.A Kings. AEG, the owner of the Staples Centre, and Crypto.com &#8220;have launched a historic, 20-year naming rights agreement that will rename the AEG-owned and operated Staples Centre,&#8221; both companies independently announced on Tuesday 17th of November. The centre which is located in downtown Los Angeles, the 20,000-seat, award-winning stadia described itself as &#8220;one of the most iconic and globally recognised sports and entertainment [&hellip;]
- [BitConnect Scam Update: US To Sell Off $56 Million Worth of Crypto.](https://diutocoinnews.com/2021/11/bitconnect-scam-us-sells-56-million-crypto/): The U.S. Justice Department will dispose off in sales $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the offshore crypto lending program BitConnect, authorities announced on Tuesday. The Justice Department said the liquidation of the cryptocurrency follows &#8220;the largest single recovery of a cryptocurrency fraud by the United States to date. Proceeds will be used to reimburse victims of the BitConnect fraud. The Justice Department encouraged victims of that fraud to visit a website,&nbsp;https://www.justice.gov/usao-sdca/us-v-glenn-arcaro-21cr02542-twr, to submit claims for reimbursement from the sale. That scam is alleged to have swindled thousands of people [&hellip;]
- ["Crypto Is Evil" : Binance New Campaign Calls For Global Regulation.](https://diutocoinnews.com/2021/11/crypto-is-evil-binance/): Global Cryptocurrency exchange platform, Binance called for “global regulatory frameworks for crypto markets” on Tuesday with a publication of “10 Fundamental Rights for Crypto Users” and barrage of crypto ads in major global news media platforms. The 10 Fundamental Rights for Crypto Users “can serve as a guiding hand in regulatory discussions and development of global frameworks for crypto markets,” the company explained. The exchange believes that they “will serve as a guiding point to launch more productive conversations with the larger industry, including other exchanges, blockchain innovators, policymakers and world leaders.” Noting that “The future of crypto needs to be [&hellip;]
- [Infrastructure Bill Finally Signed Into Law](https://diutocoinnews.com/2021/11/infrastructure-bill-finally-signed-into-law/): Eventually, after several months of scrutiny from the U.S. Senate and House of Representatives, the infrastructure bill which was criticised by so many crypto experts is officially signed into law. In a ceremony in front of the White House on Monday, 15th of November, President Joe Biden signed the $1 trillion infrastructure bill before a crowd of reporters, lawmakers and union workers.&nbsp; While the two-party legislation is focused on providing funding for roads, bridges, internet access, solar panels and other major infrastructure undertakings, lawmakers used language related to cryptocurrencies before its passage in both chambers of Congress.  The bill passed into [&hellip;]
- [Africa Crypto Venture Capital To Build Blockchain Accelerator For African Start-ups.](https://diutocoinnews.com/2021/11/african-crypto-venture-capital-to-build-blockchain/): African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch_03. The African contingent of incubatees is reflective of Crypto Valley Venture Capital’s (CV VC) global investment strategy, to invest in blockchains’ wider applicability to solving problems and creating new markets, beyond crypto.  The incubation program is a precursor to CV VCs’ public-private partnership with the Swiss State Secretariat for Economic Affairs (SECO), which intends to see CV VC build the first-ever, blockchain-focused Accelerator for Africa. The goal of this Accelerator is to invest in 100 startups from the African continent over the next 4 years. This Accelerator will focus [&hellip;]
- [Buy The Dip: Bitcoin Is Rolling In The Dip, Retests At $60k, May Rally To 90k.](https://diutocoinnews.com/2021/11/bitcoin-dips-to-60k/): After a surge in Bitcoin’s value on Monday following a major upgrade to its network, the leading cryptocurrency by market value has plunged by over 6 per cent in the last 24 hours. Bitcoin, and several other cryptocurrencies, including ethereum, solana, and cardano, as well as the meme coins dogecoin and shib inu have plunged in value in the last day. Most of the leading cryptocurrencies are down by about 6 to 8 per cent in the last 24 hours. Dogecoin and shiba inu are also down by about 6 to 7 per cent in the last day. Bitcoin’s price rose over [&hellip;]
- [Get Foreign Pounds And Euro Virtual Accounts Through Aboki Africa.](https://diutocoinnews.com/2021/11/aboki-africa-foreign-virtual-account/): Aboki Africa, an African forex exchange company announced the launch of it&#8217;s virtual foreign account providing instant FX conversation for sending and receiving Pounds GBP and Euros for Africans. According to the founders, Idorenyin Obong and Femi Aghedo in a joint statement noted that, &#8220;This is the easiest way to send and receive international payments without restrictions. We currently offer GBP and EUR foreign accounts to our customers with USD and other currencies coming soon.&#8221; Read Also: Nigeria Bitcoin P2P Transaction Volumes Drops As F2F Model Emerges Speaking with Femi Aghedo, co-founder and COO, he said, ” We built Aboki Africa [&hellip;]
- [VanEck Bitcoin Spot Market ETF Rejected](https://diutocoinnews.com/2021/11/vaneck-bitcoin-spot-market-etf-rejected/): The U.S Securities and Exchange Commission (SEC) has restricted VanEck from establishing an exchange-traded fund (ETF) that directly tracks the price of the forerunner cryptocurrency. After various delays, VanEck&#8217;s request for a spot bitcoin ETF has been rejected by the SEC. The rejection by the SEC didn&#8217;t come as a shock to the crypto market as the Chairman of the agency, Gary Gensler has formally indicated his appreciation of a derivatives-based ETF over a spot Bitcoin ETF. In the statement, the agency has stated once again its concerns regarding fraud and market manipulation. &#8220;The Commission concludes that BZX has not met [&hellip;]
- [Nigeria Bitcoin P2P Transaction Volumes Drops As F2F Model Emerges](https://diutocoinnews.com/2021/11/nigeria-crypto-p2p-drops-f2f-emerges/): The P2P crypto transaction platform in Nigeria has witnessed huge decline following the Central Bank of Nigeria unending clampdown leading to the emergency of a new transaction model called F2F (Face To Face) peculiar to the Nigeria cryptocurrency ecosystem. According to reports, last week, Nigeria’s peer-to-peer transactions dropped by 43%. Nigerians posted weekly P2P volumes of about $9.4 million, followed by Kenyans and South Africans with nearly $2.8 million and $1.8 million respectively. Peer to peer in BTC refers to an exchange of BTC between parties (such as individuals) without involving a central authority. Peer to peer exchange of Bitcoins between [&hellip;]
- [Top 10 Crypto in the World by Twitter followers: Binance Tops List](https://diutocoinnews.com/2021/11/top-crypto-by-twitter-followers/): Top 10 cryptocurrencies in the world Binance makes the Top list Binance Exchange and Blockchain based crypto @binance on twitter is the most followed cryptocurrency platform in the world on twitter. Bitcoin the largest cryptocurrency by market capitalization sits on the second spot. Though aside having lesser twitter followers to Binance, Bitcoin is the most widely known crypto in the world.  Read Also: 10 Crypto Mobile Apps For Newbies (The Full List). Dogecoin, the top memecoin in the world followed by Shiba, Wakandainu and others sits on the 3rd spot with over 2.4 million twitter followers. Since its creation, dogecoin has [&hellip;]
- [The Bitcoin Biggest Upgrade: Bitcoin Taproot Takes Place.](https://diutocoinnews.com/2021/11/bitcoin-taproot-upgrade-takes-place/): The first bitcoin upgrade in four years has gone live, called the Taproot upgrade. This update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions A big part of bitcoin&#8217;s makeover has to do with digital signatures, which are like the fingerprint an individual leaves on every transaction. At the meantime, the cryptocurrency uses something called the &#8220;Elliptic Curve Digital Signature Algorithm,&#8221; which creates a signature from the private key that controls a bitcoin wallet, and ensures that bitcoin can only be spent by [&hellip;]
- [Traditional Banks Advantage Over Fintech Firms](https://diutocoinnews.com/2021/11/traditional-banks-advantage-over-fintech-firms/): Recently, a report by CR2 on Africa&#8217;s fintech transformation was published. The report indicates that traditional financial institutions can still be a part of the fintech financial disruption if they leverage on their most substantial assets, client trust. The report advises financial institutions that wish to quicken their advance to success in the fintech space to create partnerships with fintech startups and technology companies. With such partnerships along with their long-standing client networks and more defined regulatory environment, it means financial institutions can grow their share of Africa&#8217;s digital market. To demonstrate the significance of the association between banks and fintech, [&hellip;]
- [Crypto Token Holder Worried About Investment](https://diutocoinnews.com/2021/11/crypto-token-holder-worried-about-investment/): Several South African Cryptocurrency Investors have voiced out worries about the future of their investment in the Fight to fame token (F2F) after they reportedly were unable to withdraw their funds as promised. According to the report from an IOL, the investors had invested in a token that was promoted by Marius Fransman, a former regional leader of South Africa&#8217;s governing party, the ANC. &nbsp;Various media reports suggest Fransman&#8217;s company may have obtained over 2000 applications from numerous investors that include actors, writers, musicians, and directors that wanted to be a part of the project. The regional leader has planned to [&hellip;]
- [Transhuman Coin Trends, Hits Over 2000% Growth At Launch.](https://diutocoinnews.com/2021/11/transhuman-coin-listed-and-launched/): A cryptocurrency dedicated to the growth and advancement of science and technology was launched today hitting top of gainers table on CoinMarkarketcap. Transhumanism is the ideology of enhancing human life through Science and Technology. The Transhuman Coin is the first and only token dedicated to Transhumanism. Transhuman Coin&#8217;s tokenomics sends 2% of every Transaction to the Liquidity Pool, another 2% is redistributed to holders including the Transhuman Fund Wallet and 2% is sent to the Marketing Wallet. The proof of use statement from the coin website reads &#8221; We are Transhumanists. We believe that Science and Technology can help humans control [&hellip;]
- [Reddit Users Will Get Ethereum Based ERC-20 Crypto Token in Exchange For Karma Points.](https://diutocoinnews.com/2021/11/reddit-ethereum-based-tokens/): Reddit, social media platform, is planning to offer Ethereum-based crypto tokens to people with specific numbers of Karma Points. An engineer working with Reddit earlier this month revealed fresh details on the pro-crypto changes that are being considered for implementation on the platform is used by 500 million monthly active users. Karma Points are awarded to&nbsp;Reddit&nbsp;users if their post threads garner votes. By transforming these Karma Points into ERC-20 tokens, the platform aims to move its 500 million users onto the Web3.0 – which is the progression of the Internet we know today. Rahul Kothari an engineer with Reddit said the [&hellip;]
- [Crypto Fraud: EFCC Arrests Man Over N108 Million Bitcoin Investment Scam.](https://diutocoinnews.com/2021/11/efcc-arrest-man-over-bitcoin-scam/): The Economic and Financial Crimes Commission has arrested one Precious Omonkhoa for an alleged $200,000 (about N108 million) bitcoin investment scam. Omonkhoa was arrested on November 8, 2021, in the Ikoyi area of Lagos, following credible intelligence received by the commission about his illegal activities. He allegedly posed as Moshem Cinch, a Swedish national, to defraud unsuspecting victims of their hard-earned money by claiming that he runs a bitcoin scheme, where investors get huge returns.A statement on Friday by the EFCC spokesman, Wilson Uwujaren, titled, ‘EFCC arrests man for $200,000 cryptocurrency fraud in Lagos,’ said the preliminary investigation also revealed that [&hellip;]
- [Regulatory Framework For Crypto Lacking In Botswana](https://diutocoinnews.com/2021/11/regulatory-framework-for-crypto-lacking-in-botswana/): The Bank of Botswana (BOB) has stated that the country is not furnished with a specific legal or regulatory framework for crypto assets. The bank does, however, warn citizens investing in cryptocurrencies that there would be no legal ground for complaint should there be a situation of financial losses. According to the statement published on the 10th of November, the central bank starts by asserting that local citizens, just like their peers all around the world, are involved in cryptocurrency trading. The Bank of Botswana also added that it has been receiving and responding to public and media scrutinies on the [&hellip;]
- [GTBank Reviews International Naira Card Transactions From $100 to $200 Per Month](https://diutocoinnews.com/2021/11/international-naira-card-transactions/): One of the best online banking service provider in Nigeria, GTank has now reviewed it’s Naira Card spending limit from $100 up to $200.&nbsp; Recently, most Nigerian banks reviewed the international monthly spending limit on the Naira Mastercard credit cards to $100 per month. Banks like Stanbic IBTC.&nbsp; Notable among them is Stanbic IBTC that allows only $100 per month on its bank Naira Card for Internation transactions and POS transfer. Also Zenith Bank reduced theirs to $100 per month.&nbsp; GTBank remains the only bank with a higher spending limit on Naira Cards for International transactions across other Nigerian banks as [&hellip;]
- [Andre Conje Foremost Crypto Developer Lists Possible Crypto Market String Puller Groups.](https://diutocoinnews.com/2021/11/andre-conje-lists-crypto-market-pullers/): Andre Coje, the renowned crypto developer has listed what he termed crypto &#8220;illuminati&#8221; market&nbsp; string pullers in a recent tweet. Coje whose current tweet about Keep3rV1 KP3R sent the governance utility token pumping seems to be pulling another string. Top on the lists are the YMbob (Yearn).this next-generation DeFi platform has constantly been able to make waves across the sector and has been built in order to eliminate the most common issues that are currently faced in the marketplace. As a result, today Yearn.finance has a reputation for providing its users on the platform with the highest annual percentage yields (APY) [&hellip;]
- [Cubana Chief Priest Gifts WhiteMoney A Bitcoin Gold Pendant Chain Worth Millions in Naira.](https://diutocoinnews.com/2021/11/cubana-chief-priest-gifts-whitemoney-bitcoin-gold/): On soft level, popular celebrity barman, nightlife entrepreneur and Instagram influencer gifted the winner of season 6 of Big Brother Naija (BBNaija) Shine Ya Eye White Money a gold Bitcoin chain says to worth over a million Naira. The Bitcoin Gold Pendant was sourced from one of the finest jeweler around the world. The excited BBNAIJA winner who couldn&#8217;t contain his joy, thanked Cubana Chief Priest for the gesture. WhiteMoney who was all smiles noted that the Bitcoin Gold Pendant is definitely his most cherished jewelry now; &#8221; I no go ever commot this one for my neck&#8221; he teased.
- [E-naira's Potential Hindered By Lack Of Trust Says Analyst](https://diutocoinnews.com/2021/11/south-african-investor-buy-africrypt/): While Nigerians have appeared to seemingly embrace the Central Bank of Nigeria (CBN) digital currency, sceptical analysts believe a lack of trust in the government will eventually hamper the e-naira&#8217;s chances for success. Some analysts insist that the central bank digital currency is already in a shaky position and is made worse by the fact that it has to compete with fintech startups in the country. Nigeria as it is known is the dwelling of some of the biggest fintech startups and is a country that receives a relatively large number of Africa&#8217;s fintech investments. According to a report from Financial [&hellip;]
- [Chiliz(CHZ) Secures Fan Token Deal With Italian Football Federation FIGC](https://diutocoinnews.com/2021/11/chiliz-crypto-partners-with-italian-football-federation/): The Italian Football Federation (FIGC), in partnership with Chiliz , a leading company in the blockchain industry applied to sport and entertainment, has announced the launch of the $ ITA Fan Token on the Socios.com fan engagement platform . Fan Tokens are digital assets, created on the Chiliz blockchain, which provide holders with voting rights in binding decisions, VIP rewards, exclusive promotions, augmented reality features, games and competitions. Furthermore, fans have the opportunity to compete with many fans from all over the world and compete in dedicated games, quizzes and challenges, with the aim of competing in special rankings and winning unforgettable prizes. Users will be able to access exclusive content [&hellip;]
- [Kuda Bank Targets Crypto Traders, Embarks on Account Closing Spree.](https://diutocoinnews.com/2021/11/kuda-bank-closes-crypto-accounts/): Kuda Bank has has reitrated its firms resolve to close accounts of any of it&#8217;s customers who enages in crypto transactions of any sort, this was contained in a statement issued to the public following social media outcry over the bank&#8217;s hard stance on crypto traders. The bank said that it can’t execute any cryptocurrency transactions as is against it the policy of the Central Bank of Nigeria which regulates and license all financial institutions in Nigeria. Kuda Bank’s statement was in response to barrage of complaints on social media about many accounts closed by the digital microfinance bank on suspicion [&hellip;]
- [Wakanda Inu Listed On Quidax, Roqqu and Other Top Exchanges](https://diutocoinnews.com/2021/11/wakanda-inu-listed-on-top-exchanges/): The growth of the African dog token, Wakanda Inu, has been massive in recent days after its launch. Despite heavy criticisms from several Nigerian cryptocurrency community members the minds behind the project are following through with the roadmap. Wakanda Inu, the first of its kind in Africa, seems to be breaking limits as it gains more and more support from Africans and especially Nigeria crypto community members. This growth could be partially attributed to the follow up of the project roadmap. The roadmap indicates that after the launch of the token, it will be listed on coinmarketcap and coingecko respectively which [&hellip;]
- [CBN Did Not Ask Banks To Discriminate In The Execution Of The Ban On Crypto, says CBN Spokesperson](https://diutocoinnews.com/2021/11/cbn-did-not-ask-banks-to-discriminate-in-the-execution-of-the-ban-on-crypto-says-cbn-spokesperson/): CBN spokesperson Osita Nwanisobi has said that banks were not implored to execute the ban on cryptocurrencies on the ground of age grade or other forms of discrimination. First City Monument Bank (FCMB) has released a notice on accounts belonging to youths between the ages of 18-30, asking their employees to be on constant monitoring for money launderers and other criminal activities.&nbsp; An email observed by a reporting media, people gazette, named “Compliance Advisory on Cryptocurrency Dealing/Transactions” is in promotion reference to the Central Bank of Nigeria’s ban on the trading of cryptocurrency in the country.&nbsp; Some other accounts were also [&hellip;]
- [Patricia To Raise Funds After Leaving Nigeria Due To The CBN Crackdown On Crypto](https://diutocoinnews.com/2021/11/patricia-raise-funds/): After the crackdown of the cryptocurrency companies by the Nigerian Apex bank that almost destroyed its business and compel it to flee to Estonia, Patricia Technologies Ltd, looks to tap into its myriad of investors. This occurs after the court in Nigeria ordered it to vacate with immediate effect and the improvised order to freeze two of the company&#8217;s bank account that has a history of trading cryptocurrency. The founder of Patricia Hanu Agbodje reveals to Bloomberg that his company is looking forward to raising as much as $50 million to boost its technology, employ blockchain engineers and keep up with [&hellip;]
- [Top Africa Crypto Influencers Call Out Binance, Okex To List Wakanda Inu](https://diutocoinnews.com/2021/11/africa-wakanda-inu-binance-okex-listing/): The continued non-existence of any Africa cryptocurrency project on the two most popular crypto trading exchange platforms in the continent has been described as discriminatory.&nbsp; One of Africa leading cryptocurrency entrepreneur Mr Gaius&nbsp; Chibueze popularly known as Bitcoin Chief and the founder of Tatcoin TAT has bemoaned the the top exchanges apathy in support of African crypto projects even those with confirmed used cases and proof of work but continues to list non&nbsp; Africa projects that has no use cases nor team. He called on exchanges to be inclusive in their dealings with the African market as a huge part of [&hellip;]
- [CBN Agents May Be Trading on Popular P2P Platforms To Trap Crypto Traders, Sources Allege.](https://diutocoinnews.com/2021/11/crypto-p2p-cbn-agents-trading/): As CBN clamp down on cryptocurrency traders intensifies, feelers emerging from the apex bank has alleged that the bank plants spurious P2P agents on popular crypto trading apps to trap unsuspecting users. The modus operandi of this CBN agent the source claims, involves the use of crypto keywords in transaction description column to expose and alert the unsuspecting victim&#8217;s bank, escalating users potential of getting an account ban. The source noted that most of the apex bank spy P2P traders are relatively new with low transactions history. It may be pertinent to check the transaction history of any P2P agent to [&hellip;]
- [NFTs Will Be Bigger Than Crypto: Coinbase Founder.](https://diutocoinnews.com/2021/11/nft-coinbase-crypto/): Coinbase Global Inc.&nbsp;co-founder Brian Armstrong says the market for non-fungible tokens could rival or even be larger than the company’s cryptocurrency business.&nbsp; Coinbase’s chief executive officer, made the statement on a conference call after the largest U.S. digital-asset exchange reported third-quarter revenue of about $1.3 billion. The declaration helped to ease concern that revenue was below forecast even after a more than fivefold increase from a year earlier. &nbsp;&nbsp; Coinbase plans to open its own NFT marketplace, where people will be able to trade digital art and other items, in the next quarter or two. The company wants to offer a [&hellip;]
- [Crypto Ban: FCMB To Profile Customers Age : 18-30 As Suspects.](https://diutocoinnews.com/2021/11/fcmb-crypto-ban/): First City Monument Bank has issued an alert order on accounts held by it&#8217;s customers between the ages of 18-30, mandating staff to watch out and flag such account if suspected of engaging in large volume transactions. An internal email of the bank leaked out on social media titled “Compliance Advisory on Cryptocurrency Dealing/Transactions” is in furtherance of the Central Bank of Nigeria’s ban on the trading of cryptocurrency in the country.  Accounts “with high volume transactions operated by individuals between the age brackets of 18-30 years as signatories,” should be flagged for possible fraudulent activities by staff members, the memo [&hellip;]
- [Apple CEO, Tim Cook Says He Is A Crypto Investor.](https://diutocoinnews.com/2021/11/timcookapplecryptoinvestment/): Tim Cook, Apple’s chief executive, said at the DealBook Online Summit on Tuesday that he has bought cryptocurrencies. “I think it’s reasonable to own it as part of a diversified portfolio,” Mr. Cook told DealBook’s Andrew Ross Sorkin, quickly adding that he wasn’t giving investment advice. It was a rare insight into how Mr. Cook manages a portion of his billion-dollar fortune. He said he has done some research on crypto and has been interested in it for “a while.” The typically volatile Bitcoin price hit a record at above $68,000 earlier on Tuesday. The revelation came as Mr. Cook said that Apple itself [&hellip;]
- [Russia To Change Law To Accommodate Digital Ruble](https://diutocoinnews.com/2021/11/russia-accommodate-digital-ruble/): Officials in Russia are getting ready to amend several chunks of Russian laws to enable the issuance and function of the digital ruble. Authorities in Moscow believe this version of the country&#8217;s fiat needs to be regulated separately from the other digital forms of money such as cryptocurrencies. The lawmakers in Russia are planning to start the work on the legal changes necessary to impute the concept of the digital ruble by January 2022.  These actions will start with the launch of a test run for the Central Bank digital currency, the parliamentary Financial Market Committee&#8217;s chairman, Anatoly Aksakov, told the [&hellip;]
- [Cryptocurrency Market Capitalisation Blows Over $3 Trillion. Bitcoin, Ethereum Reaches New All Time Highs.](https://diutocoinnews.com/2021/11/crypto-market-capitalisation-ethereum-bitcoin-ath/): The overall market cap of cryptocurrencies hit $3.3 trillion on Tuesday. The market for cryptocurrencies has roughly quadrupled from its 2020 year-end value. The cryptocurrency market is now worth more than $3 trillion. The little more than a decade old market for digital assets has already roughly quadrupled from its 2020 year-end value, as investors have gotten more comfortable with established tokens such as Bitcoin and networks like Ethereum and Solana continue to upgrade and attract new functionality. Read Also: Over 400,000 Tokenized Bitcoins In Circulation Worth $25 billion Excitement about the possibilities of&nbsp;decentralized finance&nbsp;and&nbsp;non-fungible tokens&nbsp;is growing, and memecoins like Dogecoin [&hellip;]
- [OKEx Lists ENS Token on Spot Trading Market](https://diutocoinnews.com/2021/11/okex-lists-ens-token/): Trading of ENS will start according to the following schedule: 1. ENS deposits open at&nbsp;00:00 am UTC on Nov. 9. 2.&nbsp;Spot trading for ENS/USDT opens at&nbsp;01:00 am UTC on Nov. 9. 3. ENS withdrawals open at&nbsp;10:00 am UTC on Nov. 10. Note: OKEx will place temporary buying limits on ENS after trading opens. The limit will be $10,000 for each user within one hour after the opening. It will be increased to $20,000 after one hour, and $40,000 after one hour and 30 minutes. Buying limits will be lifted after 2 hours and 30 minutes. The Ethereum Name Service (ENS) is [&hellip;]
- [Wakanda Inu Hits Over $57 million in Market cap.](https://diutocoinnews.com/2021/11/wakanda-inu/): Wakanda Inu is the crypto for the moment in recent days. It has gotten the attention of crypto enthusiasts and investors all over the world. However, the meme coin, Wakanda Inu is not at this moment listed on any exchanges and not available on coinmarketcap or coingecko. It has caused strain for investors who are looking to purchase the token. Wakanda Inu is a decentralised meme token that is built based on the purpose of aiding charity and also for the social good of everyone across the globe. Read Also: It is Triple 7 Days Gains For Metaverse Tokens. A Look [&hellip;]
- [Over 400,000 Tokenized Bitcoins In Circulation Worth $25 billion](https://diutocoinnews.com/2021/11/tokenized-bitcoin-worth/): As the year rolls to the end, the price of Bitcoin has stalled above the $60k zone and 18.8million bitcoin in circulation, the market capitalization of bitcoin is valued to be $1.16 trillion today.&nbsp; Meanwhile, the amount of tokenized bitcoins existing today has surged substantially this past three years, increasing in number to more than 400,000 bitcoin with a worth of $25 billion. Read Also: Chinese Digital Yuan Transactions Reach Almost $10billionChinese Digital Yuan Transactions Reach Almost $10billion Wrapped or tokenized bitcoin has evolved forming a trend for the past three years. One of the first of many tokenized Bitcoin (WBTC) [&hellip;]
- [Lagos Art Fair Partenrs With an Ethereum Digital Marketplace As NFT Adoption Grows Among African Artists.](https://diutocoinnews.com/2021/11/nft-adoption-grows-among-african-artists-2/): The growing influence of NFTs took centre stage at the four-day, annual Art X Lagos, West Africa&#8217;s premier international art fair that ended on Sunday. One of the leading artist at the fair, Nigerian artist Abdulrahman Yusuf used to sell his work online but in May he was introduced to non-fungible tokens (NFTs), which he said presented &#8220;life-changing opportunities&#8221; and has increased the number of pieces he can sell at higher prices. NFTs are a type of digital asset which use blockchain to record the ownership of items such as images, videos and other collectibles. Their roaring popularity has baffled many [&hellip;]
- [Nigeria's Crypto Experts Assert That CBDC Is Currently Not For The Unbanked](https://diutocoinnews.com/2021/11/cbdc-for-the-unbanked/): Recently, the Central Bank of Nigeria (CBN) has been displaying the e-naira&#8217;s potential as a tool to develop the financial system primarily for the masses but experts have refuted this claim The statement from the experts coupled with the e-naira app&#8217;s quick removal from the Google play store seems to add to the claim that the CBN may have been too quick to launch the first African CBDC. Though a report from the Punch Newspaper indicates that the CBN is currently working toward the release of a version of the e-naira app for the unbanked, it didn&#8217;t say when this new [&hellip;]
- [Africa’s First Blockchain-Based WiFi Sharing Network WiCrypt Closes Strategic $1.5 Million In Funding ](https://diutocoinnews.com/2021/11/wicrypt-closes-1-5-million-in-funding/): Led By AU21 Capital, With Participation From Polygon Founder Sandeep Nailwal, Cardano’s Occam, Inclusion Capital, And Outlier Ventures, Wicrypt Is The First Mobile Internet Data Sharing Platform From Africa Without Need For Third-Party Integration NOVEMBER 8, 2021, Enugu, Nigeria — Wicrypt Network, the first standalone blockchain-based WiFi sharing network from Africa, today announced the closing of $1.5 million in funding. The round is being led by AU21 Capital, with participation from Polygon founder Sandeep Nailwal, Cardano’s Occam, Inclusion Capital, Outlier Ventures, Chain Capital, Pluto Digital Assets, Onega Ventures, N7 Labs, and PolkaFoundary.&nbsp; Wicrypt launched in Africa in 2018 as the first [&hellip;]
- [Cybercrimes Thrives In Crypto Ecosystem Due to Lack of Regulation, Says EFCC](https://diutocoinnews.com/2021/11/efcc-calls-for-crypto-regulation/): The Economic and Financial Crimes Commission EFCC has bemoaned the lack of regulation of cryptocurrency operations as boost to growing rate of Cybercrimes in the crypto industry. The Chairman of the EFCC, Abdulrasheed Bawa, stated this at a webinar in Lagos on ‘Digital currencies and crypto derivatives: Banking, regulatory and cybersecurity’. The programme was organised by the Attorney General Alliance Africa in collaboration with the Lagos Business School, the EFCC, and the Fintech Association of Nigeria. Bawa, who was represented by the Head of Cybercrime Unit of the agency in Lagos, Whyte Dein, identified other challenges as knowledge gap in the [&hellip;]
- [U.S Mayors Interested In Being Paid In Bitcoin Increases](https://diutocoinnews.com/2021/11/u-s-mayors-interested-in-bitcoin-increases/): The number of U.S Mayor&#8217;s who want to collect their paycheck in Bitcoin is increasing. The Miami Mayor has indicated that he wants to collect his entire salary in Cryptocurrency, and two other U.S Mayor&#8217;s have said that they would also like to convert their paycheck into Bitcoin. And also the Mayor-elect of the city of New York wants his first three paychecks in crypto. At the time of this writing, at least three Mayors and a mayor-elect have expressed the desire to receive their salaries in Crypto. The first mayor to indicate that he would like to be paid in [&hellip;]
- [Meta, Formerly Facebook Plans To Open Metaverse Retail Stores Across The Globe.](https://diutocoinnews.com/2021/11/facebook-meta-plans-retail-stores/): Meta, the social media company formerly known as Facebook, plans to open retail stores that will eventually reach all parts of the world, said people with knowledge of the project and company documents. The stores would be used to introduce people to devices made by the company’s Reality Labs division, such as virtual reality headsets and, eventually, augmented reality glasses, they said. These devices are gateways to the metaverse, a futuristic digital world where people move from virtual to augmented versions of reality almost seamlessly. Mr. Zuckerberg, Facebook’s founder and chief executive, last week renamed his company Meta and laid out a vision [&hellip;]
- [It is Triple 7 Days Gains For Metaverse Tokens. A Look At Crypto Market Performance in The last Seven Days.](https://diutocoinnews.com/2021/11/metaversecrypto-price-binance-solana-mana/): Bitcoin (BTC) price has strengthened above the $60K zone for a while now and market performance this week has been rather dull. While bitcoin (BTC) gained 0.5% during the last seven days, three top-ten cryptos saw double-digit gains this week according to Bitcoin.com report. The third-largest market in terms of overall valuation is held by binance coin (BNB), which is up 24.1% this past week and swapping for $610 per BNB. Solana (SOL) swapping for $235 per unit is up 20.9% this week. Additionally, polkadot (DOT) has climbed 21.9% and is currently changing hands for $51.29 per unit. While binance coin, solana, and polkadot saw double-digit spikes this week, sandbox, decentraland, [&hellip;]
- [Solana Price Records 17,000% Increase in 2021, And Still Growing. What to Know About This Ethereum Competitor ?](https://diutocoinnews.com/2021/11/solana-price-growth/): Solana is cementing it&#8217;s place as one of the most preferred blockchain network giving leading blockchain network platform Ethereum a good run. Solana which native cryptocurrency token is called SOL has skyrocketed in price this year to investors&#8217; delight. Let&#8217;s take a look at this CNBC prediction report on Solana. &#8220;Solana is the leading Ethereum competitor,&#8221; Matt Hougan, chief investment officer at Bitwise Asset Management, tells CNBC Make It. &#8220;I wouldn&#8217;t put all my chips on it, but I&#8217;m a big fan.&#8221; the overall market has shown support for Solana, too. This year, SOL is up nearly 17,000%, according to CoinGecko. Now [&hellip;]
- [Again, CBN Closes Accounts of Nigeria Crypto/Blockchain Company Cryset, 7 Others Over Crypto Trading.](https://diutocoinnews.com/2021/11/cbn-closes-accounts-over-crypto-trading/): The Central Bank of Nigeria, on Thursday placed a no debit order on eight business accounts in a circular sent to all Nigerian Banks. The post no debit instruction order contained in the circular was placed on eight accounts for engaging in cryptocurrency trading in contravention of CBN circular BSD/DIR/PUB/014/004 of February 2021. The affected entities are; Somchizzy Global Resources, Thanas Fashion Experts, Quadrant Emergencia Golden Global and Cryset Limited. Others are Chinny Golden Global Ventures, Royal Jingling Enterprise and Trans Safari Trading. The circular dated November 4th 2021 and signed by the apex regulatory bank Director of Banking Supervision J.Y. [&hellip;]
- [Enjin Releases $100 Million To Boost Crypto Metaverse.](https://diutocoinnews.com/2021/11/enjin-releases-100-million-for-metaverse/): Social gaming platform&nbsp;Enjin&nbsp;has announced $100 million of funding for the Efinity Metaverse. This will support Enjin, Efinity adopters, and third parties in developing a whole host of projects, including integrations, gaming, and decentralized infrastructure, to build out the Efinity Metaverse. A press release from the company reads; “We’ve formed a US$100 million Efinity Metaverse Fund to formalize support for our ecosystem partners, and help make the decentralized Metaverse a reality.” Efinity’s Metaverse Fund will structure financial support for its ecosystem partners via equity investments in seed or Series A fundraising rounds. The fund also intends to purchase the native tokens of projects [&hellip;]
- [Binance Partners With France For "Objective Moon" in €100 Million Initiative For Crypto/Blockchain Development.](https://diutocoinnews.com/2021/11/binance-partners-with-france-blockchain-crypto/): France FinTech, a leading nonprofit association aimed at promoting FinTech growth in France, and international cryptocurrency giant, Binance, jointly announced the launch of a €100 million ($115.4 million) initiative called “Objective Moon.” Funded by Binance, this initiative will support the development of blockchain and cryptocurrency ecosystem development in France and across Europe. “Objective Moon” was announced during a conference in Paris attended by both Binance founder and CEO, Changpeng ‘CZ’ Zhao, and the Secretary of State to the Minister of the Economy and Finance in France, Cédric O. Three main cryptocurrency and blockchain-related projects will be developed in France under “Objective Moon,” including [&hellip;]
- [Singapore Interested In Becoming A Multinational Crypto Hub, Monetary Institution Discloses](https://diutocoinnews.com/2021/11/singapore-multinational-cryptohub/): Singapore, a country that is already a financial centre in the world, is currently gunning to become a Cryptocurrency hub. The state is seeking to plaster its role as a major player in the crypto space, this is suggested by the head of its central banking institution. Councils in Singapore are taking giant stripes to lock its position as a prominent figure in the business of crypto, the official in charge of the Monetary Authority of Singapore(MAS) for a decade as declared in an interview. This process comes as Singapore among other financial centres around the world is analyzing easy to [&hellip;]
- [Binance Investigates, Vows To Hunt Down Squid Game Token Scammer(s).](https://diutocoinnews.com/2021/11/binance-investigates-squid-game-token/): Cryptocurrency exchange platform, Binance announced that the company is investigating the viral squid game token fraud that scammed victims of their BNB coin deposits with the phony DeFi Squid created on Binance Smart Chain. This was contained in a press release signed by Binance CEO CZ Binance. CZ Binance clarified that Binance couldn&#8217;t have stopped the SQUID DeFi scam as the Binance Smart Chain like Ethereum smart chain are built on open source contract. This means that owners of open source blockchains have no influence or control over projects that are built on their network. The squid game token scammers made [&hellip;]
- [OKEx Lists ImmutableX Token](https://diutocoinnews.com/2021/11/okex-lists-immutablex-token/): OKEx Announces Listing Support for  Immutable X’s IMX token for spot trading OKEx is pleased to announce the listing of IMX token on our spot trading markets. Trading of IMX will start according to the following schedule: 1. IMX deposits open at&nbsp;11:00 am UTC on Nov. 5. 2. Spot trading for IMX/USDT opens at&nbsp;1:00 pm UTC on Nov. 5. 3. IMX withdrawals open at&nbsp;10:00 am UTC on Nov. 8. Built on the Ethereum blockchain, Immutable X is a Layer-2 solution for NFTs, allowing zero gas fee for peer-to-peer trading. Since it is a Layer-2 solution, it inherits the security of Ethereum [&hellip;]
- [Google Calls On African Start-ups To Apply For Virtual Africa Accelerator Programme.](https://diutocoinnews.com/2021/11/google-invites-african-startup/): Google has announced the commencement of applications for its three-month virtual accelerator programme for startups in 17 African countries. The countries include: Algeria, Botswana, Cameroon, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Tunisia, Uganda, and Zimbabwe. Mr Andy Volk, who leads Google’s developer and start up ecosystem efforts in Sub-Saharan Africa, stated this in a statement on Wednesday, in Lagos. He said that the successful early-growth stage start up applicants (from seed to Series A) would gain access to equity-free support, alongside the best of Google’s networks, advanced technology. Volk said that successful applicants would [&hellip;]
- [Microsoft Metaverse ; Mesh Set To Launch.](https://diutocoinnews.com/2021/11/microsoft-metaverse-mesh-set-to-launch/): Microsoft says it is adding 3D virtual avatars and environments to its Teams chat system, as part of its push towards the &#8220;metaverse&#8221;. It says its &#8220;Mesh&#8221; platform will let people meet in the virtual space, with or without a virtual reality headset. Microsoft Mesh enables presence and shared experiences from anywhere – on any device – through mixed reality application. Microsoft says the new features, which it is calling &#8220;immersive meetings&#8221; will be available in the first half of 2022. It comes after Facebook showcased similar virtual chat rooms as part of its rebrand to name itself Meta. Microsoft, however, [&hellip;]
- [eNaira More Reliable Than Cryptocurrencies ; CBN. Asks Nigerians to Trade with the Digital Currency.](https://diutocoinnews.com/2021/11/cbn-says-enaira-is-more-reliable-than-crypto/): The Central Bank of Nigeria (CBN) has called on all Nigerians to use the eNaria, saying that it is more secure than cryptocurrencies. This was disclosed by CBN spokesman, Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial stability and economic development.’ Okwuosa described the eNaira as a legal tender issued by a sovereign nation and regulated by the Central Bank of Nigeria, whereas cryptocurrencies are unregulated. He said, “Digital currency (eNaira) is more reliable than cryptocurrency which is not regulated.” Explaining further, the apex bank spokesman noted, &#8220;Digital currency (eNaira) is more dependable than unregulated cryptocurrencies since the [&hellip;]
- [EFCC Detains Obi Cubana Over Money Laundering, Tax evasion](https://diutocoinnews.com/2021/11/efcc-detains-obi-cubana/): On Monday 1st of November, the report of the arrest of Obinna Iyiegbu popularly known as &#8220;Obi Cubana&#8221; by the Economic and Financial Crimes Commission(EFCC) was flying around the news media. The EFCC has nonetheless cleared the air and clarified the matter. As reported, a source from the EFCC has indicated that it wasn&#8217;t an arrest but rather the business tycoon walked into their office in Wuse Zone 6 Abuja by himself. The source affirmed that he was invited some two weeks ago and he showed up on Monday. The Economic and Financial Crimes Commission have stated why it invited the [&hellip;]
- [OKEx Announces the Listing of DOSE](https://diutocoinnews.com/2021/11/okex-announces-the-listing-of-dose/): OKEx is pleased to announce the listing of DOSE on our spot trading markets. Trading of DOSE will start according to the following schedule: 1. DOSE deposits open at&nbsp;12:00 pm UTC on Nov. 3. 2. Spot trading for DOSE/USDT opens at&nbsp;2:00 pm UTC on Nov. 3. 3. DOSE withdrawals open at&nbsp;10:00 am UTC on Nov. 5. DOSE is an ERC-20 token with various utilities across the OliveX fitness ecosystem. Users who complete various activities and workouts across apps will receive DOSE tokens that can then be used to unlock other experiences, purchase NFTs and participate in events. Asset name: Dose Ticker: [&hellip;]
- [Another Investment Ponzi, Benignant Forte Nig Ltd Bites The Dust ?](https://diutocoinnews.com/2021/11/benignant-forte-crashes/): Popular Return On Investment Company, Benignant Forte Nig Ltd has been unreachable for the past week as investors apprehension grow over widespread stories about the company closing and running away with investors funds. An investigaton at the Onitsha branch of the company shows that the office has been closed for over a month. Investors are lamenting about the inability to reach the company, as all calls put through to the official lines on the company on its website returns unanswered. One of the company&#8217;s clients complained that the monthly ROI yield has ceased for over a month and all efforts to [&hellip;]
- [Nigeria Is Number One As Africa Leads in Bitcoin Retail Payments Adoptions.](https://diutocoinnews.com/2021/11/africa-leads-in-crypto-retail-adoption/): African crypto market has witnessed growth in the adoption of cryptocurrencies in retail transactions. The retail-sized transfers are the highest in the world with an overall transaction volume of 7%, considerably higher than the global average of 5.5%. Although Africa is the smallest cryptocurrency economy by continent, it is the most dynamic. It has grown massively, receiving over $105.6 billion from July 2020 to mid-2021. In fact, it ranks as the third fastest-growing bitcoin and cryptocurrency economy in the world per Chainalysis. What’s more, Nigeria, South Africa, and Kenya all rank in their 2021 Top 20 Global Crypto Adoption Index. Nigeria is the biggest bitcoin [&hellip;]
- [Simplified Explanation Of Bitcoin ETF And Its Significance](https://diutocoinnews.com/2021/11/bitcoin-etf-and-its-significance-2/): Following the approval of ProShares Bitcoin ETF, the price of Bitcoin has increased to a new all-time high. The ETF fund itself received a positive welcome with its share rising 5%, which automatically made it the second-best ETF debut ever, But that&#8217;s not all. ProShares ETF is the first Cryptocurrency approved by the Securities and Exchange Commission of the United States. So, what does the ETF mean, and what does it have to offer the world of cryptocurrency? What is an ETF? The full meaning of ETF is (exchange-traded fund) and it enables people to invest or trade a particular financial [&hellip;]
- [African Fintech, Chipper Cash Raises $150 Million In Latest Funding Extension Led By FTX](https://diutocoinnews.com/2021/11/chipper-cash-raises-150-million/): African cross-border payments app Chipper Cash has raised $150 million in a Series C extension round led by bitcoin exchange FTX, rallying the money transmitting app to a $2 billion valuation. Chipper, which is used in seven African countries, has expanded into the U.K. and U.S. markets in recent months, creating new remittances options. “Chipper Cash is offering remittances considerably cheaper than anyone else,” Serunjogi said, per the report. “More important to that is that we are now the first ones that I know honestly to be able to support Africa to the U.S. in terms of sending money. The money [&hellip;]
- [Binance Is The Official Sponsor Of AFCON 2021 Taking Place In Cameroon.](https://diutocoinnews.com/2022/01/binance-partners-with-afcon/): Crypto global trading exchange announced today on Twitter, it&#8217;s partnership with Confederation of Africa Football CAF ( the football governning body in Africa) as the official sponsor of African Cup Of Nation AFCON 2022 going on in Cameroon. Binance advert messages will be placed on the perimeter boards on all the stadium hosting AFCON matches. Cameroon is hosting the tournament for the first time since 1972, the African nation has won the tournament five times according to history records. Binance Patnership with football is not new, the cryptocurrency exchange trading platform has partnered with leagues in Europe as leading sponsors.
- [Morroco Leads North Africa In Crypto Trading Volume Despite Govt Ban.](https://diutocoinnews.com/2022/01/morocco-leads-north-africa-bitcoin-trading-volume/): In Morroco, North Africa Peer-to-peer trading in cryptocurrency is booming exponentially making the nation, the leading country in North Africa’s trading volume. Despite government skepticism and nationwide bans of cryptocurrency, worldwide adoption of digital currencies is at an all-time high, and Morocco is no exception. With cryptocurrency ownership reaching 2.4% of Morocco’s population, Bitcoin trading in the country is the highest among North African countries in 2021, according to Triple, a cryptocurrency research platform. With cryptocurrency trading reaching $6 million in Morocco in 2021, the country is the fourth largest trader of cryptocurrency on the African continent, behind Nigeria, South Africa, and [&hellip;]
- [Latest BMW Changes Colors At The Touch Of A Button:](https://diutocoinnews.com/2022/01/new-bmw-changes-colors/): BMW announced a new technology that changes the color of a car with the touch of a button — a nacent innovation of the legendary German automaker. The company unveiled the tech on a concept version of its new 100% electric iX Flow SUV.  A production model of the iX Flow will be available soon, but vehicles with color-changing paint won’t be hitting showroom floors at car dealerships for quite a while — if they ever do. BMW describes the chameleon-like exterior as an “advanced research and design project.” The trick isn&#8217;t done with paint at all, but with specially formed wrapping cut to [&hellip;]
- [Stoor: A Cloud Storage Platform That Puts the Future of Data in the Hands of Users](https://diutocoinnews.com/2022/01/stoor-cloud-storage-platform/): In our present-day lives, owning some type of personal tech device has become the rule rather than the exception.&nbsp; We increasingly rely on our gadgets to help us navigate and manage our days. Whether it’s for communication or education, productivity or entertainment purposes, our devices have become indispensable tools to help us access the information we depend upon. Many of us don’t give a second thought to just how much data we create or the subsequent space this requires for storage; not until our devices are bursting at the seams, asking that we find some additional room if we want to [&hellip;]
- [Kenya Will Lead Africa in Crypto Adoption In 2022: Luno GM](https://diutocoinnews.com/2022/01/kenya-lead-africa-bitcoin-adoption-2022/): In his blog post release on crypto prediction for Africa in 2022, published on Thursday, Reitz noted,&#8221; Kenya ranks as the world’s leader in P2P trading volumes for the second consecutive year&#8221;, shows potential to scale up adoption in the new year. The cryptocurrency exchange leader aslo observed that, “The country’s crypto industry is booming with a rapidly emerging crop of companies building blockchain-based solutions and considering its young population, high heels of mobile connectivity and familiarity with digital payment solutions like mobile money, it’s firmly positioned to emerge as East Africa’s leading crypto hub in 2022.” Also Read :Nigeria Bitcoin [&hellip;]
- [Kazakhstan Unrest/Internet Shutdown Stifles Global Bitcoin Mining Operations.](https://diutocoinnews.com/2022/01/kazakhstan-unrest-affects-bitcoin/): Kazakhstan the second largest centre for mining of cryptocurrencies is facing civil unrest, Bitcoin took a hit on Thursday after the internet in Kazakhstan was shut down amid intensifying violence. The hashrate at major crypto mining pools – groups of miners in different locations that team up to produce bitcoin – was down 14% from Tuesday to Thursday, according to data from mining firm BTC.com. Bitcoin’s price, too, took a plunge – a drop in hashrate doesn’t necessarily boost price. The cryptocurrency fell below $43,000 on Thursday, testing multi-month lows. Kazakhstan is a power player in the bitcoin world. Last year, the nation [&hellip;]
- [Coinbase Wallets Supports Multichain ( Anysawp) Network In One of The Biggest Cross Chain  Protocols Adoption.](https://diutocoinnews.com/2022/01/coinbase-wallets-supports-multichain-networks/): Coinbase announced that users of its wallet can now share and connect to networks that supports Multichain Cross Chain protocols The Multichain ecosystem supports 28 chains and 1291 tokens. Similarly, ANKR, the staking DeFi Web 3 infrastructure announced that it has been added to MultichainOrg router protocol. The Multichain router allows users to swap between any two chains freely. Commenting on the recent adoptions, Andre Conje, leading crypto programmer and the inventor of Cross Chain MultichainOrg noted; &#8220;this has been over a year in the making, amazing to finally see it on-chain! @MultichainOrg can now support arbitrary swaps from Asset A [&hellip;]
- [How to Flip NFTs and Make Money From NFTs](https://diutocoinnews.com/2022/01/flip-nfts-and-make-money/): How to flip nfts and make money from nfts as a collector on different top platforms. You must have been conversant with the trend on NFTs and how celebrities and different individuals make money buying NFTs at insane prices in dollars. The budding NFT market ( non-fungible tokens) has had its best year on record, generating over $23 billion in trading volume a skyrocket increase from less than $100 million recorded last year, according to data from DappRadar.&nbsp; Now, the NFT trend is still very much on, and we are seeing random Twitter users and celebrities flipping artworks for thousands of [&hellip;]
- [NFT Dominance Continues As GameStop Shares Soar Following NFT/ Crypto Interest Announcement.](https://diutocoinnews.com/2022/01/gamestop-announces-nft-crypto-plans/): GameStop, GameStop, the world&#8217;s largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems and consoles rose more than 22% in extended trading Thursday after the giant game retailer announced plans to create a marketplace for non-fungible tokens (NFTs). According to CNBC report, GameStop also plans to establish cryptocurrency partnerships to create games and items for the marketplace, according to the report, which cited people familiar with the matter. The report suggests that GameStop, which has been at the center of a retail trader frenzy, will expand into one of the most hyped sectors in technology. OpenSea, the best-known NFT [&hellip;]
- [Man's Stolen $2.2 Million Worth Of Bored Apes NFT Collection Recovered](https://diutocoinnews.com/2022/01/stolen-bored-ape-nft-recovered/): A phishing scam drained Todd Kramer a gallery owner&#8217;s Ethereum wallet of 15&nbsp;NFTs&nbsp;valued at a total of $2.2 million, including four apes from the “Bored Ape Yacht Club” collection. The thief seemed to have sold off many of the pieces in Kramer’s collection. Phishing scam according to imperva is a type of social engineering attack often used to steal user data, including login credentials and credit card numbers. It occurs when an attacker, masquerading as a trusted entity, dupes a victim into opening an email, instant message, or text message. With the help of the buyers and the NFT platform OpenSea, [&hellip;]
- [OKEx Will List Harmony’s ONE Token for Spot Trading](https://diutocoinnews.com/2022/01/okex-harmony-token-trading/): OKEx is pleased to announce the listing of Harmony’s ONE token on our spot trading markets. Trading of ONE will start according to the following schedule: 1. ONEdeposits open at 7:00 am UTC on Jan. 6 2. Spot trading for ONE/USDT opens at 10:00 am UTC on Jan. 6 3. ONE withdrawals open at 10:00 am UTC on Jan. 7 Read Also: OKEx P2P Reviewed For Nigeria (Ultimate How-To Guide) Harmony is a fast and secure blockchain for decentralized applications. Harmony&#8217;s main focus is on achieving scalability by dividing not only the network nodes but also the blockchain states into shards,&nbsp; [&hellip;]
- [Bitcoins Dips Below $42K As Investors Scramble For Stablecoins.](https://diutocoinnews.com/2022/01/bitcoin-dips-to-42k/): The price of bitcoin dipped under the $42K zone on Thursday to $42,430 per unit affecting the entire crypto-market and shedding billions in value. At the time of this report, the overall crypto economy is down 4.5% as it fall to $2.25 trillion in value. Crypto assets that didn’t get affected by&nbsp;BTC’s downward slide include chainlink (LINK), Multichain (ANY), and leo token (LEO). Convex finance (CVX), spell token (SPELL), and axie infinity (AXS) suffered the biggest losses during the market rout. According to Bitcoin News, the stablecoin market captures $58.8 billion of today’s $98.5 billion in trades. Out of the $2.25 [&hellip;]
- [Quidax Joins the Bored Ape Yacht Club for 75.2 ETH](https://diutocoinnews.com/2022/01/quidax-joins-bored-ape-yacht/): Quidax; the first crypto trading platform from Africa to join the Bored Ape Yacht Club Africa&#8217;s most popular indigenous crypto trading platform Quidax joins the Bored Ape Yacht Club with its latest NFT buy. According to Quidax, the Bored Ape Yacht NFT bought was worth $273,252.5 via 72.5 ethereum at the current exchange rate of $3769 per 1 Ethereum (ETH). The Bored Ape Yacht Club (BAYC), a collection of 10,000 ape avatars that individually act as tickets to an online social club, has become one of the most prominent brands in the NFT space. These NFTs have generated more than $1 [&hellip;]
- [Binance Invests $12 Million In WOO Network.](https://diutocoinnews.com/2022/01/binance-invests-12million-woo-network/): Binance Labs, the venture capital investment of Binance, announced a $12 million investment into decentralized finance DeFi institutional liquidity provider WOO Network&#8217;s Series A finding round. According to an official announcement from Binance, the investment in WOO Network comes on the heels of the project’s recently-concluded Series A completed round in November 2020. The round saw WOO Network raise $30 million from notable investors such as Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, Crypto.com Capital, Avalanche, and BitTorrent. With the latest capital injection from Binance Labs, Woo Network will deploy the funds into expanding its operations beyond its current state [&hellip;]
- [Billionaire Owner Of Biotech Startup Theranos, Elizabeth Holmes Is Guilty of Fraud As Charged.](https://diutocoinnews.com/2022/01/elizabeth-holmes-convicted/): Once rated by Forbes as the youngest self-made female Billionaire base on her company&#8217;s $9millon valuation, 37 years old Elizabeth Holmes was on Monday, found guilty of defrauding her investors through her biotech startup company by jurors. Nearly a decade ago, Holmes raised $945 million from high-profile investors including the family of former Education Secretary Betsy DeVos, Rupert Murdoch and the Walton family of Walmart fame. To lure investors, witnesses testified that Holmes&#8217; claims about the company&#8217;s blood-testing technology were either exaggerated or false. In the end, jurors convicted Holmes of wire fraud and conspiracy to commit wire fraud. She faces up to 20 years in prison. Holmes [&hellip;]
- [OKEx Will Launch EGLD Staking and Flash Deals with the 25th phase of Subscriptions](https://diutocoinnews.com/2022/01/okex-egld-staking-launch/): OKEx Earn will launch EGLD staking service at 03:00 am UTC on January 5th, 2022. Users will be able to stake EGLD with just a few clicks and earn yield in return. How to stake EGLD Web: From the OKEx homepage, hover over “Finance” in the top menu and click Earn from the drop-down list. On the Earn page, you can find EGLD via the search box or by scrolling through the list of assets. Click Select to see staking information and then Subscribe to choose the amount of EGLD you wish to stake. Mobile: From the app’s home screen, tap [&hellip;]
- [Quidax Wins Big At The Nigerian Business Leadership Awards](https://diutocoinnews.com/2022/01/quidax-wins-nigerian-business-leadership-awards/): Top Nigerian Crypto Exchange Start up Quidax has won Digital Assets Company of The Year 2021 for demonstrating excellence in the midst of odds in the year 2021 at the Nigerian Business Leadership Awards hosted by BusinessDay Media Limited. Quidax is an African-focused cryptocurrency exchange that makes it easy for you to buy, sell and store Bitcoin, Ethereum, Ripple&#8217;s XRP Litecoin &amp; other cryptocurrencies. The Platform is lead by one of the brightest mind in Africa cryptocurrency space; Buchi Okoro ( Co-founder, CEO Quidax Technologies). His visionary leadership in building the easiest way for businesses and individuals to buy and sell [&hellip;]
- [Binance Lab Supports Of Multichain With $60 Million Financing, Signals 2022 Crypto Trend Shift.](https://diutocoinnews.com/2022/01/binance-labs-supports-multichain/): Binance Labs, the venture capital side of worldwide crypto trade Binance, worked with a $60-million capital financing raise for cross-chain switch convention Multichain. Other notable members included Sequoia China, IDG Capital and Three Arrows Capital. In addition to financial support, Binance announced that Multichain will be officially recommended for as a tool to bridge bToken across chains through Binance Smart Contract, praising Multichain ad one of the biggest routers on BSC. MultiChain is an extended open source fork of Bitcoin. It can be used to launch custom blockchains, both private and public and is easy to configure. It offers a well-selected [&hellip;]
- [Samsung Unveils Smart TV With NFT Marketplace &amp; GameFi App.](https://diutocoinnews.com/2022/01/samsung-unveils-nft-smart-tv/): In one of the biggest crypto NFT mainstream adoption, one of leading household electronic tech manufacturer announced new range of smart TVs with an integrated non Fungible Token NFT platform. The new application comes with an “intuitive, integrated platform for discovering, purchasing and trading digital artwork through MICRO LED, Neo QLED and Lifestyle TVs ahead of Consumer Electronics Show 2022,” the three new TV models. With advancements in picture and sound quality, more screen size options, customizable accessories and an upgraded interface, the 2022 screens bring the vision of ‘Screens Everywhere, Screens for All’ closer to reality with life-like images, immersive [&hellip;]
- [Calling All African Entrepreneurs: Apply for $5000 grant on the 2022 Tony Elumelu Foundation Entrepreneurship Programme!](https://diutocoinnews.com/2022/01/tony-elumelu-foundation-entrepreneurship-programme-2022/): The Tony Elumelu Foundation (TEF) (www.TonyElumeluFoundation.org), the leading philanthropy empowering young African entrepreneurs across all 54 African countries, has opened applications for the 2022 TEF Entrepreneurship Programme on www.TEFConnect.com.  African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship Programme Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurship catalyst of its kind – has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; twelve weeks of business management training; access to experienced mentors; and [&hellip;]
- [Crypto Biggest Scammer Arrested In Valencia.](https://diutocoinnews.com/2022/01/crypto-biggest-scammer-arrested/): The Civil Guard has arrested one of the biggest scammers with false investments in cryptocurrencies from Europe, the 45-year-old man who is accused of seven crimes of fraud and money laundering was picked up in Valencia. The total of the blocked assets, between vehicles and bank accounts, amounts to more than two and a half million euros. According to CVB, the operation, under the name ‘Bitdrop’, began last August through collaboration with private security, as reported this Sunday by the Armed Institute in a statement. The detainee, a Portuguese national, had created a alleged cryptocurrency investment platform on a website that was made known through various forums, radio programs, [&hellip;]
- ["Bitcoin Price Is $100,000" May Be A Possible Headline in 2022.](https://diutocoinnews.com/2022/01/bitcoin-to-reach-100000-2022/): Bitcoin “will reach $100,000″ in 2022, that&#8217;s the tweet Bukele, El Salvador modern centric president  posted on Twitter. Back in April 2021 at Miami Bitcoin Conference in , El Salvador announced his country&#8217;s plan to adopt bitcoin as one of its official currencies alongside the U.S. dollar was unveiled . Bukele’s bitcoin price prediction pales in comparison to some, however. The bitcoin price peaked at just over $69,000 per bitcoin in November before dropping back to under $50,000. Over the summer the bitcoin price fell as low as $30,000 following the latest China crypto crackdown and Tesla TSLA billionaire Elon Musk appearing to sour [&hellip;]
- [Tax Officials Raids Crypto Service Providers](https://diutocoinnews.com/2022/01/crypto-exchange-tax-evasion/): The Directorate General of GST Intelligence has gone after defaulting Cryptocurrency exchanges operating in India, according sources from the agency. The affected crypto platforms are Wazir X and the GST accused of Massive tax evasion. &#8220;Around half dozen offices of Cryptocurrency Service providers have been searched and massive Goods and Service Tax (GST) evasion has been detected by DGGI,&#8221; sources said. Crypto wallet and exchange are platforms where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc. According to sources, around Rs 70 crore worth of tax evasion has been detected during the crackdown on Cryptocurrency trade [&hellip;]
- [CBN Devalues Naira, Modifies Forex Rate.](https://diutocoinnews.com/2022/01/cbn-devalues-naira-today/): The Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 — in what seems to be another devaluation this new year. In May, the apex devalued the naira from N379 to N411 per dollar by adopting the (I&amp;E) window. Although Godwin Emefiele, governor of the CBN, had dismissed insinuations about naira devaluation, says Nigeria operates a managed-float exchange regime. A managed float fx regime is when exchange rates fluctuate daily, but central banks attempt to influence the rate by buying and selling currencies to maintain a specific range.TheCable showed that the local currency, which opened trading at an indicative price [&hellip;]
- [Crypto Hacks &amp; Scam Report Shows That Over $10 Billion Was Stolen By Scammers In 2021.](https://diutocoinnews.com/2022/01/crypto-hack-scam-report-2021/): The “Crypto Hacks &amp; Scams Report 2021” recently released as assessment of crypto losses through scam by Crystal Blockchain, a firm involved in investigative analytics for block chain and crypto currencies showed an over 80 per cent rise in crypto scams and thefts in 2021. The latest report said the crypto currency markets had seen a volatile 2021, starting with a strong rally that took some prices to all-time highs over the spring before they crashed in May and attempted a recovery over the summer. According to the Crystal database, over a third, or 39 per cent of all stolen funds [&hellip;]
- [How To Block Hackers From Accessing Your Bank Account In The Case of A Stolen Or Lost Phone.](https://diutocoinnews.com/2021/12/blocking-your-nigeria-bank-account-from-hackers/): In case you find yourself in hands of hackers, 419, Yahoo Boys or you lost your phones, exposing your account to hackers, there is now a solution on how to stop debit transactions on your account by yourself. Make sure you know your account number off hand. If you&#8217;re reading and can&#8217;t recall your account number off hand, now is the time to memorise it. If you&#8217;re not good with number memorisation, write it down in a paper and put in a safe place, like a wallet or pocket. In an event you became a victim, be swift to make use [&hellip;]
- [Watch Out: Buying These Cryptos May Make You A Millionaire in 2022.](https://diutocoinnews.com/2021/12/cryptocurrency-to-buy-2022/): Crypto 2021 market witnessed various range of upward to downward price volatility. Some novice investors and even seasoned trades may be at crossroads as to what crypto to buy in 2022 and the right time to buy to ensure profitable investment. History survey of various years of crypto market performances show that market always tend to be bullish from mid January when people are done with festive seasons spendings and looking for how to invest and recuperate spent funds. This is the time people return gifts they don&#8217;t need to stores for reimbursement. Now is the moment to search for new [&hellip;]
- [Near Protocol Nigeria Partners With DiutoCoinNews Media to Drive Near Blockchain Adoption in Nigeria](https://diutocoinnews.com/2021/12/near-protocol-nigeria-with-diutocoinnews/): Near Protocol, Nigeria (NPKGuild)&nbsp; has joined forces with DiutoCoinNews Media to drive the adoption of Near Protocol Blockchain across Nigeria and Africa. Both parties reached an agreement to work together to grow the adoption of the Near Protocol blockchain adoption in Nigeria and across Africa.&nbsp; “We propose a coaction between the above-mentioned companies for the primary purpose of mutually growing the presence of Near Protocol in Nigeria and growing developers who develop on Near Protocol Blockchain.” Read Also: Building Decentralized Applications on Near Protocol Blockchain The joint partnership will see DiutoCoinNews reaching out to student developers in Nigerian Universities and other [&hellip;]
- [Zambia Currency Kwacha Appreciates 27% Against Dollars In 2021, Rated Most Improved African Currency 2021.](https://diutocoinnews.com/2021/12/zambia-currency-kwacha-appreciates-27-dollar/): Zambia’s currency Kwacha recorded a global record in international transaction performance owing to investors confidence on the new government’s chances of securing a bailout deal with the International Monetary Fund and negotiating a debt restructuring and global demand for the nation&#8217;s metal.  The kwacha has advanced 27% against the dollar this year, largely on the back of optimism over the August election victory of Hakainde Hichilema. That’s the currency’s best annual performance since 2005, and only the Seychelles rupee has fared better this year. Both were among the three worst performers in 2020. Zambian President Hichilema’s government is trying to rework [&hellip;]
- [Fraudulent Crypto Transactions Were Lowest In Africa in 2021.](https://diutocoinnews.com/2021/12/nigeria-low-on-crypto-fraud/): An analyst at Quantum Economics Olumide Adesina said that the global rise of illicit transactions in crypto, were less in Africa, less than 10 per cent of the transactions were illegal, noting that Africa was the continent with the least exposure to fraud. “From the regulatory point of view, we realise that the specialised nature of the crypto market has made it difficult for it to be regulated. I think, to be honest, it is safe. If you look at data on forensics around crypto transactions, less than 10 per cent are illicit. Out of that 10 per cent, Africa has [&hellip;]
- [Ethereum Gas Fees Worries ? Here Is A New Airdrop For ETH Gas](https://diutocoinnews.com/2021/12/ethereum-gas-fees-airdrop/): The Gas DAO, crypto project, emerged Wednesday with another airdrop to reward crypto investors whose accumulative ethereum gas fees is more than $1,559 on Ethereum gas fees before December 26, 2021.  Gas DAO is a new project aspiring to give Ethereum&#8217;s most active community members a voice. It launched today with a token airdrop to 643,000 of Ethereum network&#8217;s most active users. The token has a total supply of one trillion coins. It&#8217;s currently trading at fractions of a penny—down over 40% from its all-time high. Those who coughed up enough fees to earn 1 billion GAS tokens will reportedly be able to [&hellip;]
- [Central Bank Approves Crypto Platform.](https://diutocoinnews.com/2021/12/central-bank-approves-crypto-platform/): Binance, the global cryptocurrency exchange announced that it has “received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain.” Receiving in-principle approval means that Binance still needs to complete the full application process, which the company expects to be done “in due course,” the announcement notes. According to the crypto exchange, the CBB is the “first regulator in the Middle East North Africa (MENA) region to grant an in-principle approval to a Binance entity.” Binance CEO Changpeng Zhao (CZ) commented, “The approval recognizes Binance’s commitment to comply fully [&hellip;]
- [Get Ready For 2022! Most In-Demand Programming Languages of 2022 Revealed.](https://diutocoinnews.com/2021/12/top-programming-language-2022/): Careers in programming came tops with the greatest number of job listing on LinkedIn across the globe, CodingNomads has awarded the top spot for programming languages to Python. Following in second place position is Java, with JavaScript, C++, C#, C, Typescript, PHP, Perl and Ruby closing the top ten list. One of the challenges for people interested in pursuing a career in programming is choosing which languages to learn. With so many languages used for different purposes, decisions the ones you want to study will depend on the specialty that most interests you as well as on job demand. A&nbsp;research report [&hellip;]
- [Dogecoin Is Working With Ethereum's Vitalik  Buterin On Community Staking.](https://diutocoinnews.com/2021/12/dogecoin-ethereum-community-staking-project/): Recently, Dogecoin Foundation’s official Twitter account tweeted about the digital currency network’s “Trailmap,” a set of initiatives that essentially detail the proposed direction of the Dogecoin blockchain and ecosystem. The Dogecoin Foundation says that a traditional crypto “roadmap” is a rigid summary of a cryptocurrency network’s direction and usually it’s “led by a single company or ‘lead.’” According to Bitcoin News, The foundation behind the Dogecoin blockchain protocol says Dogecoin has always been “community-driven” with “many individual and organisational contributors.” “Dogecoin is a community-driven, consensus-based open-source project and its direction is formed by the many individuals and organisational contributors to the various projects [&hellip;]
- [Nigeria Internet Speed Set To Increase By 500% : Google.](https://diutocoinnews.com/2021/12/nigeria-internet-speed-increase-google/): Google said that it&#8217;s $1 billion investment in Africa will also boost the internet speed in Nigeria by 500% through the laying of Equaino Sea cable, this the Google Sub Saharan Africa head noted will ensure affordability and access. The SSA head Google, Olumide Balogun revealed this during his sit down interview with Punch on how the billion dollar investment will positively boost Nigeria tech industry. On the readiness of the project, Balogun said; &#8220;So our Equiano sub-sea cable, which will do this, will run through a few countries including Nigeria, and connect Africa with Europe. The initial configuration of Equiano [&hellip;]
- [Neuralink, NFT Domain Name Extension, NFT, Metaverse, Web 3: Guide To Crypto Trends Of 2021.](https://diutocoinnews.com/2021/12/metaverse-domain-extension-neuralink-web3/): The crypto ecosystem in 2021 witnessed out of box innovations from the seemingly unattainable world of metaverse becoming an attainable project, to nascent idea of Neuralink, the world of virtual reality is expanding in many ways. The worldwide web received the spirit of crypto adoption with the heating discussions on Web3 technology. Non Fungible Token solidified it&#8217;s presence in 2021 with all time high transaction records. Like Web3, domain name are becoming more personified and brand centered . Let&#8217;s take a summary look of what this tech buzzwords are: NFT Domain Name Extension; NFT Domains are new web extensions (like .com [&hellip;]
- [Another Victim of The Alleged Rogue Police Officers Who Extort Nigerians of Bitcoin Emerges, Over N1 Billion Allegedly Extorted.](https://diutocoinnews.com/2021/12/nigeria-police-extort-bitcoin/): Two  more victims of the police team at Force Criminal Investigation Department Annex, Alagbon Close, Lagos State, that forcibly extorted N22 million worth of bitcoin from two young real estate developers in July 2021 have emerged. A quick search on Blockchain.com shows that wallet address the victims were forced to transfer BTC to has a record 2,176 transfer transactions which is over 36.75 BTC. In today&#8217;s amount that is approximately N1.053 billion naira. Speaking to SaharaReporters on Monday, two young men who identified themselves as Oluwaseun and Majeed narrated how the police team led by Nwawe forcibly extorted N32 million worth [&hellip;]
- [SA Africrypt Victms Receive Part Payment of Invested Funds](https://diutocoinnews.com/2021/12/africrypt-investors-reimbursement/): Crypto investors in Africrypt, the now-closed South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. According to Bitcoin.com, Investors in Africrypt, a collapsed South African cryptocurrency investment platform, recently began receiving payouts from a so-called white knight investor, a report has said. According to an Itweb report, which named Pennython Project Management LLC as the previously unnamed party, Africrypt investors began receiving the payouts after a majority opted to accept the tabled offer. As previously reported by [&hellip;]
- [Crypto Wallets Are Being Attacked Via Telegram By Echelon Malware](https://diutocoinnews.com/2021/12/crypto-wallet-telegram-echelon-attack/): Investigatons by cybersecurity expert reveals that the user with the &#8220;Smokes Night&#8221; handle spreads Echelon malware by dropping an infected file into chat rooms without comment. The expert has attached a&nbsp;report about a&nbsp;similar attack with a&nbsp;list of affected cryptocurrency services. It includes a number of noncustodial wallets (AtomicWallet, Electrum, Exodus) for Bitcoin, Litcecoin, ZCash, Monero and other cryptos. This version of Echelon has multiple credential-stealing functions, domain detection and computer fingerprinting. It also attempts to take a screenshot of the victim&#8217;s device. The malware can steal the information even if a&nbsp;Telegram user does not open the file. The option of auto-downloading that [&hellip;]
- [The News iPhone 14 Reveals Visual Collab With LG](https://diutocoinnews.com/2021/12/iphone-14-reveals-visual-collab-lg/): Exclusive report from the electronic phone making giant has revealed that Apple has now agreed a supply chain deal with LG to provide OLED punch hole displays for the iPhone 14 range. The deal signals the biggest visual change to the iPhone line-up since the iPhone X rebooted Apple’s smartphones in 2017 and hopefully shoots down previous pill-shaped punch-hole leaks. Moreover, every new iPhone 14 model could be getting the upgrade.  The Elec electronic site explains that LG will be providing Apple with “low-temperature polycrystalline oxide (LTPO) thin-film transistor (TFT) OLED panels” for the first time, with Apple keen to reduce its reliance on Samsung. [&hellip;]
- [Jingle Bells On This  Top Trending Domain Name Extensions](https://diutocoinnews.com/2021/12/domain-name-extension-crypto-nft/): Unstoppable Domains, the leading platform for self-sovereign identity on Web3, recently announced a partnership with Alchemy. Alchemy empowers 70 percent of the top Web3 apps and NFT platforms through their enterprise API. Through this partnership, Unstoppable Domains and Alchemy have launched an API for domain name integrations, making it easy for any wallet, exchange, marketplace or app to support NFT domains. Unstoppable Domains provides NFT domain name extensions in .crypto, .nft, ., .bitcoin, .x, .dao, .888, .blockchain, .coin, and .zil for as little as $20 with no renewal fees. These domain names are used to access the decentralized web natively through Brave and Opera [&hellip;]
- [Google Reveals First Beneficiary of Investment Fund For Africa Startups](https://diutocoinnews.com/2021/12/google-reveals-african-startup-beneficiary/): Following the call for African startup to participate in Google Investment Fund for Africa, it has announced its first investment in SafeBoda, a tech firm that operates in Nigeria and Uganda. According to Punch news report, It said in a statement that this investment would help the firm scale its transportation-led app to offer new payment and financial services solutions for its expanding set of customers in the two countries. The Managing Director for Google in Africa, Nitin Gajria, said, “I am thrilled about our first investment from the $50m Africa Investment Fund that we announced two months ago. “This is [&hellip;]
- [Elon Musk To Pay Dangote's Net Worth As Tax in 2021.](https://diutocoinnews.com/2021/12/elon-musk-dangotes-net-worth-tax/): Elon Musk says his tax bill this year will be $11 billion, The filings he has made with the Securities and Exchange Commission about his recent stock trades back up that massive number. Musk revealed the $11 billion total in a tweet Sunday that was otherwise short on details.This is not significantly different from what he had tweeted last week when, in the midst of a Twitter war with Sen. Elizabeth Warren, he said he&#8217;d pay the largest individual tax bill in history this year. As of September 2021, Aliko Dangote is the richest man in Africa. He has a net worth of 11.5 [&hellip;]
- [NFT Crypto Trading Volume Grows From $100M in 2020 To $23 Billion in 2021](https://diutocoinnews.com/2021/12/nft-23-billion-growth-in-2021/): The budding NFT market ( non-fungible tokens) has had its best year on record, generating over $23 billion in trading volume a skyrocket increase from less than $100 million recorded last year, according to data from DappRadar.  The Blockchain analytic company tracks more than 30 networks that supports decentralized applications, estimates that the number of unique active wallets engaging in NFT on a daily basis went up from 5,000 at the start of the year to 140,000 by the end of the year 2021. Venture capital investors now value the industry’s dominant marketplace, OpenSea, at a reported $10 billion, all the while minting new unicorns [&hellip;]
- [Unstoppable Domains Jobs Listing: Unstoppable Domains is Hiring in Africa](https://diutocoinnews.com/2021/12/unstoppable-domains-jobs-listing-africa/): Unstoppable Domains jobs are open to various applicants from all over the world. Among the various regions listed is Africa and other jobs open to global applicants without any specific region in focus.  Director of Business Development Africa &#8211; Full-time Remote Unstoppable Domains is looking for an experienced Business Development Leader who can be a true business partner to the SVP of Business Development and the Chief Revenue Officer.&nbsp; This individual will build a world-class team responsible for growing our partnerships from 100 to the 1000s and build out new and existing verticals in both the crypto and non-crypto space. Click [&hellip;]
- [Nigeria Fintech Start-ups  Generated 60% of African Tech Funding in 2021.](https://diutocoinnews.com/2021/12/nigeria-fintech-start-ups-raised-1-7billion/): Mary Beth Leonard, the United States Ambassador to Nigeria, said African startups raised about $2.9 billion in total, of which Nigerian based companies raised $1.7 billion, she made the revelation at the Nigeria Tech Summit held recently in Abuja. She said, “Africa-based tech startups have raised more than $2.9 billion. Nigerian startups, which are creating new products, services, and platforms, raised $1.7 billion of this total or about 60% of it. Africa boasts a total of seven tech ‘unicorns’, or companies valued at over $1 billion. “I find it very exciting to note that three of these companies — OPay, Flutterwave, [&hellip;]
- [The Bull Is Back. Bitcoin Rallies Above $50k As Christmas Approaches.](https://diutocoinnews.com/2021/12/bullish-bitcoin-at-50k/): The bullish crypto market continued today as Bitcoin breaks back to $50k zone as the holiday season trading accelerates investors interests in crypto. The live Bitcoin price today is $50,755.72 USD as at the time of this report, trading volume of $26,453,729,761 USD.  The cryptocurrency market closed bullish on Wednesday and continued with the trend as Christmas approaches, after a series of bearish trade in recent times. The industry market capitalisation gained ground with 3.78% appreciation to close at $2.276 trillion, representing a gain of $82.81 billion in a single day. The movement in the market was triggered by the buy interest in [&hellip;]
- [Titan Trust Bank Takes Over Union Bank Plc](https://diutocoinnews.com/2021/12/titan-trust-takes-over-union-bank-plc/): Titan Trust Bank Limited (TTB), one of the recently licensed financial service providers in Nigeria, has acquired Union Bank of Nigeria Plc. This followed an agreement by Union Global Partners Limited, Atlas Mara Limited and other majority shareholders to divest 88.39 per cent shareholding in Union Bank to Titan Trust Bank. The board of Union Bank of Nigeria Plc in a notification to the Nigerian Exchange Limited (NGX) and the Securities Exchange Commission on Thursday, explained that the agreement, which is  subject to regulatory approvals and other financial conditions, would upon completion transfer 89.39 percent of Union Bank’s issued share capital [&hellip;]
- [Naira Falls at Official and Black Market Amidst Festive Season Inflations.](https://diutocoinnews.com/2021/12/naira-falls/): As the most festive time of the peaks, Naira exchange rate as at 22 December against the US dollar closed at N415.1/$1 at the official Investors and Exporters (I&amp;E) window. Naira depreciated by 0.07% against the US dollar on Tuesday to close at N415.1/$1 compared to N414.8/$1 recorded in the previous trading session. Meanwhile, forex turnover at the official market recorded a marginal decline of 10.2% to $323.56 million from $360.18 million recorded in the previous trading session., naira depreciated against the US dollar on Tuesday to close at N575/$1, from an average of N573/$1 recorded in the previous day. This [&hellip;]
- [Elon Musk Wants To Put Chips In Your Brain, Calls Metaverse Buzzword.](https://diutocoinnews.com/2021/12/elon-musk-neuralink-metaverse-web3/): The Dogecoin Influencer founded Neuralink, a neurotechnology company that primarily aims to install brain implants on humans for restoring and enhancing physical abilities through computer. Elon Musk believes that on the long run, a refined Neuralink can pull people into a virtual metaverse. “In the long term, a sophisticated Neuralink could put you fully into virtual reality. I think we’re far from disappearing into the metaverse, this sounds just kind of buzzwordy.” – Musk said. Speaking in a recent interview with Babylon Bee, Musk noted that Web3 and metaverse trends are becoming so widespread, but he does not buy into the idea. “I [&hellip;]
- [Alleged N22M Bitcoin Extortion By Officers; Nigerian Police Investigates](https://diutocoinnews.com/2021/12/bitcoin-extortion-nigeria-police/): The Nigerian Police Force has set up a Special Investigation Panel on the alleged extortion of N22 million worth of Bitcoin from some Nigerians by Deputy Superintendent of Police Cordelia Nwawe and others attached to FCID Alagbon Lagos. According to Vanguard news report, Force Public Relations Officer, Mr Frank Mba, stated on Monday in Abuja that the panel was constituted by the Inspector-General of Police, Mr Usman Baba, to conduct transparent investigation into the allegation. He explained that the investigation became imperative following reports in the media about the involvement of the officers in the alleged extortion. He stated that media [&hellip;]
- [OKEx Announces the Sixth Phase of Year-End Gifts for Earn](https://diutocoinnews.com/2021/12/okex-earn-year-end-gift/): OKEx is announcing this sixth phase to thank new and existing users for their continuous support for OKEx Earn products, we will launch the sixth phase of Year-End Gifts for Earn. Read Also: Bitcoin Will Replace Dollar: Jack Dorsey. The sixth phase will be launched at 03:00 am UTC on December 22, 2021. Users will be able to stake tokens with just a few clicks and earn yield in return. Details of the Sixth Phase: The sixth phase of projects：THG Promotion model: flash sales Promotion start time: 03:00 am UTC on Dec. 22&nbsp; To access Flash deals via the OKEx website, [&hellip;]
- [Bitcoin Will Replace Dollar: Jack Dorsey.](https://diutocoinnews.com/2021/12/bitcoin-to-replace-dollar/): Jack Dorsey has claimed that Bitcoin will replace the dollar he tweeted that said Tuesday, in response to a tweet by rapper Cardi B. Cardi B broadly asked if crypto would replace the U.S. currency to which Dorsey replied “Yes, Bitcoin will.” Yes, Bitcoin will— jack⚡️ (@jack)&nbsp;December 21, 2021 The co-founder and former CEO of Twitter is a big supporter of crypto, and has expressed his support for bitcoin since at least 2018. In August, he tweeted that “Bitcoin will unite a deeply divided country. (and eventually: world).” Also Read: Three Nigerians Chosen For Jack &amp; Jay Z $24 Million Bitcoin Trust Endowment. Dorsey left the social [&hellip;]
- [Instagram Plans NFT Marketplace Feature In The App](https://diutocoinnews.com/2021/12/instagram-nft-marketplace/): The CEO of Instagram, Adam Mosseri said that the social media application is looking into non-fungible token (NFT) technology, he revealed this during an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Following the firm’s parent company Facebook transforming itself into Meta, Instagram’s CEO Adam Mosseri discussed NFT technology on Saturday. The Instagram story was part of a series of AMA questions directed at the company’s lead executive. When asked his thoughts on NFT integration with Instagram, Mosseri explained the company was looking into the idea. “Nothing to announce yet, but [&hellip;]
- [Polymarket Punters Prediction Successful With Uniswap Launch on Polygon](https://diutocoinnews.com/2021/12/polymarket-uniswap-launch-polygon/): UniSwap, the largest decentralized exchange in trade volumes and total value locked, has announced it will support and launch on the Polygon Layer 2 protocol. The move to launch on Polygon follows a community vote to deploy UniSwap V3 through the governance process. UniSwap V3 commands the largest trade volumes of any DEX with total value locked now at over $8 billion as of December 20, 2021. The support for Polygon now means that UniSwap supports the following Layer 2 solutions: Arbitrum Optimism Polygon. According to the UniSwap governance forum proposal to depoy UniSwap V3 to Polygon PoS Chain, there are [&hellip;]
- [Nigerians To Pay 7.5% VAT on Facebook Ad.](https://diutocoinnews.com/2021/12/facebook-nigeria-vat-charge/): Recently, Facebook announced to it&#8217;s Nigerian users who wish to use it&#8217;s promotional services of introduction of new VAT charge of 7.5 %, a charge previous not included in promotional bill of Facebook Nigeria, set to commence on the first day of 2022. It was earlier reported that from Saturday, January 1, 2022, Nigerians would be required to pay a 7.5 per cent VAT for advertisements on Facebook and other social media websites. The federal government, in the 2021 Finance Bill forwarded to the National Assembly for approval, wants more revenue from that source, because many residents of the country and [&hellip;]
- [Binance Jobs Open To Qualified Applicants From Nigeria, South Africa And Francophone Regions.](https://diutocoinnews.com/2021/12/binance-jobs-nigeria-south-africa/): Binance jobs are open to various applicants from all over the world. Among the various countries listed in Africa, Nigeria has the most jobs available open to applicants. Country Director, Abuja Nigeria: The Country Director position is open, full-time onsite/ remote worker. A project management specialist. Apply Now Oversee and provide guidance on strategic and business decisions. Identify M&amp;A opportunities and lead the M&amp;A deals. Lead the development of business strategies and the driving of strategic initiatives for the group. Represent the company as required, including attendance at industry events and public meetings. Country Head, Abuja Nigeria: The Country Head position [&hellip;]
- [Crypto Attacks in Nigeria And Ethiopia Happens Through Variant Of Phorpiex Botnet: Research Shows.](https://diutocoinnews.com/2021/12/crypto-attacks-nigeria-ethiopia/): The cyber criminals behind attacks on crypto investors in Nigeria has been attributed to a new variant of called phorpiexbotnet, Check Point Research has discovered new attacks targeting cryptocurrency users in Ethiopia, Nigeria, India and 93 other countries using a variant of the Phorpiex botnet &#8212; which Check Point called &#8220;Twizt&#8221; &#8212; to steal cryptocurrency through a process called &#8220;crypto clipping.&#8221;  Because of the length of wallet addresses, most systems copy a wallet address and allow you to paste it in during transactions simply. With Twizt, cybercriminals have been able to substitute the intended wallet address with the threat actor&#8217;s wallet address.&nbsp; Researchers [&hellip;]
- [Sexual Harrassment Already Happening In Horizon World,  Meta (Facebook) Recently Launched Metaverse](https://diutocoinnews.com/2021/12/meta-metaverse-sexual-harrassment/): A beta tester user has claimed she was virtually “groped” in the metaverse VR platform Horizon Worlds from Meta, the company formerly known as Facebook. Meta revealed the incident on Dec. 1, saying it occurred on Nov. 26. The woman had reported the assault on the Horizon Worlds beta testing Facebook group. Meta (the holding company known as Facebook until October, when Mark Zuckerberg dramatically rebranded it in an attempt to distract people from the company’s PR problems), opened up a virtual reality (VR) platform called Horizon Worlds to anyone over 18 in the US and Canada. Horizon Worlds is Meta’s first big step towards building [&hellip;]
- [Reddit Co-founder &amp; Polygon Launch Social Media (SNT) Web 3 Fund](https://diutocoinnews.com/2021/12/reddit-polygon-launch-social-media-web-3/): Polygon and Alexis Ohanian’s firm Seven Seven Six plan to expand Web3 technology with social media through blockchain compatibility with an investment of $200 million, according to the Polygon team’s most recent blog post. Bitcoin news reported that Polygon is best known for its scaling enhancements with the open-source blockchain network Ethereum and its native token called MATIC. Alexis Ohanian is well known for co-founding the social media and news aggregation web portal Reddit with Steve Huffman and Aaron Swartz. Ohanian’s venture capital company Seven Seven Six is a software-enabling venture firm founded in 2020. “Polygon and Alexis Ohanian’s Seven Seven Six have created a [&hellip;]
- [Trump Has A Christmas NFT For Sale. Guess What ?](https://diutocoinnews.com/2021/12/trump-christmas-nft-eye-of-vision/): On Thursday, Melanie Trump former US first lady announced that she is selling an NFT, or non-fungible token, called “Melania’s Vision.” (The NFT, priced at around $150 a pop, is a “watercolor” of her haunting gaze and includes an audio recording of her voice, it’s not clear what the audio entails, In a statement, Trump said the offering “embodies my passion for the arts, and will support my ongoing commitment to children through my Be Best initiative.” While a press release noted that a portion of the proceeds will “assist children aging out of the foster care system by way of economic empowerment [&hellip;]
- [Vacancy! Vacancy !! Vaccany !!! Professionals and NYSC Members](https://diutocoinnews.com/2021/12/vacancy-nigeria-tech-for-nysc-members/): • A reputable Fintech company in Lagos is recruiting for a highly skilled Graphics Designer who can work under pressure and able to deliver as and when due. Fully Remote role and pay is around 250-300K. Send CV and portfolio to technaija007@gmail.com • From Twitter post ; &#8220;Please I need corpers who are ready to work in a fintech company. Location, Lagos. They can DM me.&#8221;
- [Don't Ban Crypto: Nigerian Minister.](https://diutocoinnews.com/2021/12/nigeria-minister-dont-ban-crypto/): The minister of Budget and National in Nigerian has made call for regulation of cryptocurrencies instead of the CBN clamp down stating that a healthy crypto space is filled with opportunities for the country. The minister made the call as a keynote speaker in tech next conference, Agba noted that better regulation should help the government encourage and nurture blockchain technology for broader application rather than stifle operators. “It is crucial for all stakeholders to view each player as a key teammate toward a healthy crypto space in Nigeria,” he said Rather than clamp down on companies that facilitate crypto transactions, the [&hellip;]
- [Teenager In Court For Stealing $5,000 Bitcoin](https://diutocoinnews.com/2021/12/teenager-stole-bitcoin/): A 19 year old teenager was arraigned before an Osun State Magistrate Court, Ile-Ife for alleged burglary and stealing, including unauthorized Bitcoin transfer worth $5000 .  According to Vanguard news report, the prosecutor, Inspector Adeshina alleged that sometime in October 2021 at about 1:30am at Parakin Estate Ile-Ife broke into the dwelling house of Mr Kingsley Emmanuel to steal iPhone XR valued at N220,000 and fraudulently withdrew $5,000 from the BTC account. He noted that the offences contravened Sections 411 and 412 of the Criminal Code Cap 34 Vol. II Laws of Osun-State of Nigeria 2002.&nbsp; However, the defendant pleaded not [&hellip;]
- [Binance US Lists FTM Ahead of Coinbase.](https://diutocoinnews.com/2021/12/binance-us-lists-ftm-ahead-of-coinbase/): In what crypto business experts terms as clever move to capture the US market, Binance USA announced today the listing of popular blockchain coin Fantom Opera FTM for it&#8217;s US market ahead of leading US crypto exchange platform Coinbase. Fantom is a fast, high-throughput open-source smart contract platform that allows developers to launch digital assets and decentralized applications (dApps).Trading opens on Thursday, Dec. 16, 2021 at 8 p.m EST / 5 p.m. PST. Trading opens on Thursday, Dec. 16, 2021 at 8 p.m EST / 5 p.m. PST. The live Fantom price today according to CoinMarkarketcap is $1.52 USD with a 24-hour trading [&hellip;]
- [3 Nigerians Chosen For Jack &amp; Jay Z $24 Million Bitcoin Trust Endowment.](https://diutocoinnews.com/2021/12/jack-dorsey-jay-z-bitcoin-trust/): Earlier in February, Jack Dorsey former Twitter CEO announced that a Bitcoin Trust endowment fund worth 500 BTC has been opened to fund Bitcoin development in Africa and India, today, Jack announced four board members chosen from over 7000 applications , three Nigerians and a South African were selected. The Bitcoin Trust endowment Jack noted will &#8220;be set up as a blind irrevocable trust, taking zero direction from us. &#8220; The four were selected after a rigorous process that involves application tendering their proof of work and several interviews process, Jack stated. He further explained that the board members will now [&hellip;]
- [Good News For Nigeria Tech Community.  Start-up Bill Is Ready; Pantami Says](https://diutocoinnews.com/2021/12/nigeria-start-up-bill-ready/): Nigeria&#8217;s Minister of Communication and Digital Economy, Prof Isa Pantami has disclosed that the much awaited Start-ups Bill that will protect Fintech/Start-up businesses in Nigeria is ready and awaiting Executive assent. This was disclosed by Minister, while delivering an address at the Art of Technology event held in Lagos, yesterday. Pantami said: “The Startup Bill, which is now before the FEC, will accelerate the growth of small and new technology firms in Nigeria when enacted into law.” According to The Guardian report, since the presidency and tech ecosystem began work on the Startup Bill earlier in the year, it has generated interest in [&hellip;]
- [CoinMarketCap Allegedly Hacked, Prices Skyrocket.](https://diutocoinnews.com/2021/12/coinmarketcap-hacked-price-rise/): CoinMarketCap the leading crypto information sources has reportedly experienced what might be a hack as prices of various cryptocurrencies went haywire rising astronomically today. Crypto investors who were checking up on their holdings this afternoon were likely stunned at what they saw. Gains appeared in the millions, or even billions of dollars for some coins. Other coins appeared drained to zero. Shiba Inu (CCC:SHIB-USD) fans saw their favorite pupcoin listed above Bitcoin (CCC:BTC-USD) in terms of market capitalization. Unfortunately, these data points are wildly incorrect. It appears that the CoinMarketCap website is experiencing a glitch; the site’s showing off massive crypto spikes and sending investors [&hellip;]
- [Tesla Will Accept Dogecoin Payment For Merchandise Says Elon Musk.](https://diutocoinnews.com/2021/12/tesla-accepts-dogecoin-payment-merch-elon-musk/): Recently announced Times Magazine Person of the year and the Forbes richest man in the world, Elon Musk has announced that Tesla will make a merchandise buyable with Doge, the revelation made Tuesday in his tweet post. The richest billionaire made said the test run may determine further adoption of Dogecoin by Tesla. The announcement sent Doge coin to 20% price increase in matter of seconds. Musk, speaking to Time magazine after it named him Time’s 2021 Person of the Year, said he thinks dogecoin is better suited for transactions than bitcoin and has a “much higher potential.” “Bitcoin is an interesting example and the [&hellip;]
- [FTM Network Stablecoins  For Mainstream Purchases Via SpookySwap](https://diutocoinnews.com/2021/12/fantom-stablecoin-purchase-spookyswap/): You can buy gift cards with your crypto and use these gift cards to buy real-world goods and services from thousands of top retailers and brands. Let’s have a look at the likely scenario with Bob. Bob provides liquidity on SpookySwap for ETH-BOO pair on the Swap Pool. He collects his swap fees (spLP tokens) and stakes them on the Farm and earns some BOO. If you are not an earner on Fantom yet, you can start supplying liquidity and start earning swap fees and rewards on DEXes on Fantom eco-system such as SpookySwap which is a one of the automated market-making (AMM) decentralized [&hellip;]
- [Elon Musk Wins 2021 Person Of The Year.](https://diutocoinnews.com/2021/12/elon-musk-times-magazine-2021-person/): Elon Musk has been announced as TIME’s 2021 Person of the Year after an online vote organised by Times Magazine on 10 potential individual that left life changing impact in 2021, the controversial billionaire, who helms both Tesla and SpaceX, and cryptocurrency investor has plans for what he calls “a futuristic Noah’s ark.” But that doesn’t mean he’s focused solely on the interplanetary. During an interview with TIME at his Boca Chica, Texas, facility on Dec. 3, Musk discussed his wealth, the electric vehicle market, SpaceX and the latest on his relationship with Grimes. On cryptocurrency, Elon Musk said, “I’m not [&hellip;]
- [Bitcoin Back To $50k, Recovery In The Bags ?](https://diutocoinnews.com/2021/12/bitcoin-recovers-to-50000/): Bitcoin has recovered most of its losses in the past bearish week and rose back above $50,000 on Sunday. The rebound followed two days after the S&amp;P 500 closed Friday at a level close to its all-time high level, but pundits are still skeptical. Proficient known Crypto analyst, George Georgiev predicted that &#8220;Based on the monthly timeframe, the market is not showing any strength yet. Let’s examine the market structure using the trend lines and indicators shown in the following chart.&#8221; &#8220;If we compare the current cycle (2021) with the previous one (2017), the RSI indicator is still on its uptrend with [&hellip;]
- [Crypto Exchange AscendEX (Bitmax) Fell To Hackers, $80 Million Lost.](https://diutocoinnews.com/2021/12/ascendex-crypto-exchange-hacked/): AscendEX, a global cryptocurrency exchange platform that recently celebrated its third anniversary, confirmed that many tokens were transferred out of its hot wallet earlier today, the firm is yet to announce the total amount stolen, estimate shows that the funds are worth roughly $80 million The company admitted to detecting an undisclosed number of tokens based on Ethereum, Binance Smart Chain, and Polygon being transferred out of its hot wallet earlier on December 12th. It promised that it had begun an investigation and that the cold wallets were not affected. Moreover, AscendEX said all users that had their funds drained will be “covered [&hellip;]
- [US Embassy In Nigeria Hosts Nigerian Tech Summit.](https://diutocoinnews.com/2021/12/us-embassy-nigeria-tech-summit/): The Nigeria Tech Summit announced its 3rd edition scheduled for December 17, 2021 powered by Global Startup Ecosystem and Sponsored by the US Embassy of Nigeria and supported in partnership with Google Cloud, Amazon Web Services, IBM Cloud, and more. Drawing thousands of the world&#8217;s technology leaders together to learn and do business in Nigeria. The event will have in attendance heads of states, pioneers, business moguls, media influencers and cultural activists for a day of full activations during the Nigeria Tech Summit celebration. The focus will be on the three pillars of Tech ecosystem development- Entrepreneurship, Employment, and Education. From [&hellip;]
- [Finally Meta (Facebook) Has Launched A Metaverse Social App: Horizon World.](https://diutocoinnews.com/2021/12/meta-facebook-horizon-world-virtual-metaverse/): Meta, former Facebook Inc, has launched a virtual social platform known as Horizon Worlds, the application will enable users to socialize through virtual reality. &#8230; A user will be able to access the digital world using a virtual reality headset and socialize, hold meetings with friends, families and business partners. Horizon World will enable users to socialize virtually. It would be achieved by creating digital avatars of users that will exist and interact in a digitally created environment. Therein, users will be able to interact with each other, as well as with the environment. A user will be able to enter into the [&hellip;]
- [Lagos Business Man In Court For N4.5 Million Bitcoin Investment Fraud.](https://diutocoinnews.com/2021/12/bitcoin-investment-fraud-lagos-court-2/): A Lagos based businessman has been charged with obtaining $11,062 (about N4.5 million) on the excuse of investing in bitcoin trade, was on Friday brought before an Ikeja Magistrates’ Court. The defendant, Okiemute Kosin who resides at Ajangbadi, Lagos State, appeared before the Magistrate, Mrs&nbsp;O. A. Odubajo, on a three-count charge of conspiracy, obtaining money under false pretences and stealing. The prosecutor, Sgt.&nbsp;Olasunkanmi Adejumola, told the court that the defendant and others at large committed the offences on Nov. 13 at Iyana-Ira, Lagos State. He alleged that the defendant fraudulently obtained the sum from one Mr&nbsp;Sunday Egbayalo&nbsp;under false pretences of investing [&hellip;]
- [Pepsi NFT Airdrop #PepsiMicDrop Is Up For Grab](https://diutocoinnews.com/2021/12/pepsi-nft-airdrop-pepsimicdrop/): Pepsi has announced the release of the company&#8217;s party themed NFT titled ; Pepsi Mic Drop from it&#8217;s Genesis Collection, according to a media release on it&#8217;s blog today. The Pepsi Mic Drop genesis NFT is a generative-style collection of unique NFTs that live on the Ethereum blockchain. A nod to the year Pepsi was born, each of our 1,893 genesis tokens are created using nearly 50 unique attributes across 6 categories, including microphones, stages, accessories, and more. The idea behind the concept the company noted thus; &#8220;Pepsi and music have been intertwined for decades, and our genesis NFT collection pays [&hellip;]
- [IMF Calls For Global Guide Towards Regulating and Adoption Cryptocurrency](https://diutocoinnews.com/2021/12/imf-calls-for-global-guide-towards-regulating-and-adoption-cryptocurrency/): The International Monetary Fund (IMF) has outlined its proposal for establishing a global regulatory framework for crypto,IMF called for a “comprehensive, consistent and coordinated” approach in order to harness the benefits of crypto’s underlying technology while mitigating some of its risks. The Global Monetary Agency made the call on a blog post made on it&#8217;s official page on Thursday. The argument for regulation centres around a bid to protect vulnerable investors. However the most staunch free-market advocates in the crypto sphere believe it is the lack of policy which gives the phenomenon so much potential. “There is an urgent need for [&hellip;]
- [South Africa Sets To Regulate Crypto With New Laws.](https://diutocoinnews.com/2021/12/south-africa-crypto-regulation/): South Africa’s Financial Sector Conduct Authority (FCSA) is developing a regulatory framework for crypto assets to protect the vulnerable members of its society, the regulatoion will establish rules on how crypto trading should be conducted. “What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are potentially highly risky,” FCSA commissioner Unathi Kamlana said. The regulations, which will be unveiled early in 2022, are being brought forward in response to two major scams that defrauded investors of significant sums earlier this year. In [&hellip;]
- [WhatsApp Test Runs Meta Crypto Wallet Novi.](https://diutocoinnews.com/2021/12/whatsapp-novi-digital-wallet-integration/): Meta Platforms Inc&#8217;s ( Formerly Facebook) announced that the company&#8217;s cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant&#8217;s messaging app, WhatsApp. The pilot program is open to a limited number of people in the United States, Novi head Stephane Kasriel said in a tweet late on Wednesday. When you add money to your Novi account, we convert it to USDP (Pax Dollar), a stable digital currency issued by Paxos Trust Company, a regulated financial institution. USDP is designed to have a stable value relative to the US dollar,” Novi said in a blog post announcing the WhatsApp integration. “So [&hellip;]
- [Bitcoin Claimed "Inventor" Wins $54 Billion Worth of BTC In Legal Claim For Bitcoin.](https://diutocoinnews.com/2021/12/bitcoin-founder-wins1-1billion-54-billion/): Self-acclaimed founder of Bitcoin, a computer scientist who said he invented bitcoin has won a legal fight to keep a huge quantity of the cryptocurrency worth tens of billions of dollars, despite not proving that he owns it. &nbsp;A Florida jury rejected claims that Craig Wright&#8217;s former business partner David Kleiman was due half of the assets. As a result, Mr Wright will retain 1.1m Bitcoin, worth $54bn (£40bn). Jurors took a full week to deliberate, repeatedly asking questions of lawyers on both sides as well as the judge on how cryptocurrencies work as well as the business relationship between the two men. Bitcoin’s [&hellip;]
- [Crypto Traders Happy, Gamers Protests As Ubisoft Announces NFT Interest.](https://diutocoinnews.com/2021/12/ubisoft-announces-nft-gamers-crypto/): Global Gaming giant Ubisoft announced that it is building non-fungible tokens (NFTs) into its latest “Tom Clancy” title, the company made the revelation during the week on all it&#8217;s social media pages. On one side of the argument are crypto investors and observers overseeing the move as a signal of things to come: The integration marks the first time a mainstream video game is adding NFTs to its in-game economy. The ability to own and sell digital goods outside the walled garden of a given title has long been a holy grail for crypto-minded gamers. On the other side of the [&hellip;]
- ["We Don't Believe In Cryptocurrencies" Zimbabwe CB Governor. Plans To Launch CBDC](https://diutocoinnews.com/2021/12/zimbabwe-no-crypto-launch-cbdc/): The Central Bank of Zimbabwe is exploring plans to launch and use its own digital currency instead of allowing cryptocurrency as legal tender, its Governor John Mangudya told Bloomberg. “As a central bank we don’t believe in cryptocurrencies,” Mangudya said in an interview on Monday. “We believe in central bank digital currency which is basically trying to say how do we have an e-Zimbabwe dollar as opposed to cryptocurrency,” he said. The country plans to send a team to Nigeria to learn from their experiences in launching the first digital currency in Africa in October. “We have got our fintech group [&hellip;]
- [Kenya Opens First Crypto School In Nairobi](https://diutocoinnews.com/2021/12/kenya-crypto-learning-school-nairobi/): In Nairobi, The World Food Programme has liased with machine learning company Corsali and Blockchain firm Celo to launch Kenya’s first crypto learning Centre. The program will enable young people from poor backgrounds to earn income by working on a platform that uses cryptocurrency and e-wallets. “Eighty per cent of participants of this project do not have employment and we are providing these skills to enable them earn a living using cryptocurrency,” Partner, research and Innovation at Celo, Angelo Kalaw said. The program has already trained 200 young people on how to access digital work from global platforms using their smartphones. [&hellip;]
- [Crypto Exchange Collapses; Users May Never Get Their Funds Back.](https://diutocoinnews.com/2021/12/crypto-exchange-mycryptowallet-collapses/): MyCryptoWallet series of trouble has ended in a collapse, described as Australia&#8217;s &#8220;first zero-fee&#8221; exchange — a place where consumers could buy, sell and trade Bitcoin, Ether, XRP and Litecoin. But back in April, an investigation by two Australian newspapers revealed that the company had faced a barrage of complaints according to CoinMarkarketcap report . While some users were unable to withdraw their funds altogether, others saw their crypto vanish into thin air when they attempted to make a transfer. When approached about these concerns, MyCryptoWallet claimed it was a &#8220;negative shill campaign&#8221; — and insisted that it hadn&#8217;t received any [&hellip;]
- [Countries Are Using Blockchain To Fight Corruption In Government.](https://diutocoinnews.com/2021/12/blockchain-to-fight-corruption/): Puerto Rico, Caribbean island and an unincorporated territory of the USA – is one of the most corrupt nations around the globe. At the same time, a big chunk of locals live below the poverty line. Extortion there is common not only among the general population but also on the higher levels. A few days back, the mayor of the municipality of Cataño pleaded guilty to accepting over $100,000 in bribes and luxury watches in exchange for millions in municipal contracts. In a recent interview for Bloomberg, Rafael “Tatito” Hernández said he will begin meeting with experts from the blockchain sector and discuss [&hellip;]
- [Binance Patners Animoca Brands: Developers Of Sandbox In $200 Million GameFi Crypto Investment Incubation.](https://diutocoinnews.com/2021/12/binance-patners-animoca-brands-in-200-million-deal/): Binance Smart Chain’s $1B Growth Program, the accelerator arm of the leading DeFi, NFT and GameFi infrastructure platform, has launched a $200 million investment program with Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse. The investment program will accelerate and incubate early crypto gaming startups that are building on Binance Smart Chain (BSC).  Animoca Brands is a major name in blockchain gaming and the open metaverse. Its subsidiaries include The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Bondly, Lympo and various others.  It has a large portfolio of blockchain investments and partnerships, including investments in over 100 of [&hellip;]
- [Jack Dorsey Says Spiral Lightning Development Kit Is Ready.](https://diutocoinnews.com/2021/12/jack-dorsey-announces-bitcoin-lightning-development-kit/): Spiral, a subsidiary of Square ownwed by Twitter co-founder, Jack Dorsey, focused on Bitcoin development, has formally presented its Lightning Development Kit (LDK) in a short film published on Monday. “The Lightning Development Kit is a way to easily integrate instant bitcoin payments into any application,” said Conor Okus, project manager at Spiral, in the film. According to Bitcoin Magazine report, Spiral had been working on LDK for the past couple of years. The project is a flexible Lightning implementation geared towards developers who want to integrate Bitcoin’s Lightning Network into their applications frictionlessly. The library is available in the Rust and Swift programming [&hellip;]
- [Web 3.0 Trend Features, Tokens and Specs From Web2.0](https://diutocoinnews.com/2021/12/web3-tokens-features-and-trends/): Web 2.0 refers to the version of the internet most of us know today including iOS, android etc. It is an internet dominated by companies that provide services in web2.0 apps like google and apple services in exchange for your personal data. It&#8217;s known as Social Web. Web2.0 is democratised in the sense that anyone can post unlike Web1.0 which is synonymous with static web pages. Web2.0 is synonymous with dynamic web pages where anybody can post, comment and upload. Going Into Web3 Chris Dixon noted, web3 is “…an internet owned by users and builders, orchestrated with tokens.” Web3 is known [&hellip;]
- [Mobox Binance Momoverse Mini Program Suspension](https://diutocoinnews.com/2021/12/mobox-suspends-momoverse-binance-mini-program/): Below is the media release from Mobox suspending the program. Over the past two months the team has been working tirelessly with the&nbsp;Binance Mini-program&nbsp;team to bring&nbsp;MOBOX&nbsp;games to the masses with the goal of educating players on NFTs and the benefits of using blockchain technology in games. Following the overwhelming support that the&nbsp;MOBOX&nbsp;mini-program amassed we’d like to thank everyone for their continued trust and support in the MOBOX team. As the&nbsp;MOBOX&nbsp;platform integration&nbsp;with the&nbsp;Binance mini-program&nbsp;is still in its infancy and involves many moving parts, we realized that a lot more work has to be done to ensure that&nbsp;MOBOX&nbsp;games mini-program can support the players [&hellip;]
- [Fintech Start-up Fires 900 Workers Via Zoom Call.](https://diutocoinnews.com/2021/12/better-com-fintech-startup-fires-workers-zoom/): It is been revealed that Better.com CEO Vishal Garg announced the mortgage company is laying off about 9% of its workforce on a Zoom webinar Wednesday abruptly informing the more than 900 employees on the call they were being terminated just before the holidays. &#8220;If you&#8217;re on this call, you are part of the unlucky group that is being laid off,&#8221; Garg said on the call, a recording of which was viewed by CNN Business. &#8220;Your employment here is terminated effective immediately.&#8221; He then said employees could expect an email from HR detailing benefits and severance. Garg cited market efficiency, performance [&hellip;]
- [Introducing DEVT (DeHorizon) on OKEx Jumpstart](https://diutocoinnews.com/2021/12/devt-on-okex-jumpstart/): The OKEx Jumpstart Mining will commence at&nbsp;6:00 am UTC on Dec. 7, 2021. OKB holders can stake OKB to mine DEVT tokens in return. Only OKB in your funding account can be used for staking. Please transfer your OKB to your funding account in advance. The OKB staked will be frozen but can be unstaked at any time. Unstaked OKB can be seen in your funding account. 2. After the mining is complete, any remaining OKB that is staked will automatically be unstaked and unfrozen. Rewards that are not harvested will be automatically transferred to your funding account. 3. Sub-accounts cannot [&hellip;]
- [Microstrategy Buys More 7000 Bitcoin.](https://diutocoinnews.com/2021/12/microstrategy-buys-more-bitcoin/): MicroStrategy has purchased more bitcoin in it&#8217;s bitcoin buying spree following the recent market crash, doubling its bitcoin holdings in the final quarter this year and now owns 121,044 bitcoins worth about $3.6 billion. Viewing bitcoin as an asset rather than as a currency also makes life easier from a regulatory perspective. “All of these regulations … they’re really regulations restraining your use of a digital asset as a currency rather than as a property,” Saylor said, adding that if you acknowledge that, it’s easy to see that the future of the industry is “quite bright.” Saylor also addressed the issue of [&hellip;]
- [Breaking News! BitMart Crypto Exchange Has Been Hacked. Over $196 Million Lost.](https://diutocoinnews.com/2021/12/bitmart-crypto-exchange-hacked/): Bitmart has lost an estimated total of $196 million in various cryptocurrencies in what the crypto exchange CEO Sheldon Xia on Sunday called a large-scale security breach related to one of it&#8217;s ETH hot wallets and BSC hot wallets. A tweet from security analysis firm Peckshield, CoinDesk reported, first called attention to the alleged hack Saturday night. One of Bitmart’s addresses currently shows steady outflows of entire token balances, some worth tens of millions of dollars, to an address currently labeled by Etherscan as the “Bitmart Hacker” In a follow-up tweet, Peckshield estimated the losses to be $100 million in various cryptocurrencies on [&hellip;]
- [Don Jazzy Makes $300k in Ten Minutes NFT Sale.](https://diutocoinnews.com/2021/12/donjazzy-makes-300k-from-nft/): African leading music producer, Don Jazzy has revealed that he has been using the crypto industry NFT (Non Fungible Token) to monetise his works, the latest sales he noted fetched him $300,000 in a space of ten minutes. The revelation was made during his interview with DABA as Business Leader of the week. In the interview, Don Jazzy narrated how his journey into the world of digital financing started with Forex trading before he eventually ventured into crypto and then NFT. &#8221; Is started following Bitcoin when it was $8000, around March 2020.&#8221; He narrated how the flash crash of March [&hellip;]
- [Surviving Crypto Dips](https://diutocoinnews.com/2021/12/crypto-cryptocurrency-crash-dip-fall/): The cryptocurrency market has witnessed one of those tumbling dips that deplets values and for future traders who are unlucky to set stop loss function an entire wipe of funds. The onus is how do you mitigate this type of crypto market crash ? Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets. The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $47,600 as of 1:50 p.m. in Singapore on Saturday, a drop of about 11%. There is only one [&hellip;]
- [Zuckerberg Joins OKCoin Days After Meta (Facebook) Resumes Accepting Crypto Ads.](https://diutocoinnews.com/2021/12/facebook-meta-lifts-advert-ban-okcoin/): OKCoin, the South Korean Cryptocurrency exchange trading platform has announced Randi Zuckerberg, sister of Meta CEO Mark Zuckerberg, as head of its advisory council to help attract more women to the cryptocurrency industry. The announcement was made on Thursday by the platform on Twitter and comes a day after Meta lifted ban on cryptocurrency advertisements on all its platforms. “We’re partnering up w/ @randizuckerberg! She’s joining our Brand Advisory Council to welcome more women into #crypto,” OKCoin tweeted. “It’s always been a passion of mine to inspire and support women in technology, investing, and leadership, and I’m looking forward to continuing to do [&hellip;]
- ["Naija No Dey Carry Last":  As Fintech Nigeria Tops in Africa.](https://diutocoinnews.com/2021/12/fintech-growth-in-nigeria/): Nigeria is rated as investors’ preferred destination when it comes to fintech, attracting half of the total technology funding in Africa and over 50 deals in 2020, a report from Tellimer Research shows. The strong growth opportunity for financial technology (fintech) companies in Nigeria is owing to limited access to credit, low technological sophistication, as well as a diversified ecosystem An extensive research based on intelligence by Techpoint, the data and research arm of Techpoint Africa, it is estimated that Nigeria’s FinTech revenue will reach $543 million by 2022. The report also showed that in 2018, Nigerian startups raised $178.3 million with [&hellip;]
- [5th Avenue By Angel Wave Production is the First African Movie to Release their NFT.](https://diutocoinnews.com/2021/12/5th-avenue-nft-movie/): We’ve seen a lot of developments in the African Blockchain space and NFTs is one which seemed slow to come to the limelight in Africa. But, one sector in the entertainment industry is breaking that barrier. 5TH AVENUE by Angelwave productions is the first African Film to release their NFT collection, and they are releasing it on QLIP, Africa’s No.1 cross-chain NFT platform. So what is AN NFT? Take a quick trip to Qlip’s NFT academy to get an illustrative explanation ABOUT 5TH AVENUE 5TH AVENUE, is an action packed, thrilling movie by Angelwave productions, starring Rotimi Adelegan, Obodoakor Emelie, Baaj [&hellip;]
- [Hacker Stole $120 Million In Crypto BadgerDAO DeFi Website.](https://diutocoinnews.com/2021/12/120-million-stolen-in-badgerdao-hack/): An unknown hacker depleted funds in multiple cryptocurrency wallets connected to the decentralized finance platform BadgerDAO on Wednesday. According to the blockchain security and data analytics Peckshield, which is working with Badger to investigate the heist, the tokens of different cryptocurrencies stolen in the attack worth is around $120 million. The DeFi platform announced that investigation has commenced, so far, the Badger team noted that the problem came from unauthorized imputation of a malicious script in the UI of their website. For any users who interacted with the site when the script was active, it would intercept Web3 transactions and insert [&hellip;]
- [Binance Acquires $200 Million Stake in Forbes.](https://diutocoinnews.com/2022/02/binance-acquires-200-million-forbes-stake/): Binance, the global cryptocurrency exchange, is investing $200 million in Forbes, acquring a stake through publicly traded special purpose acquisition company (SPAC). According to a CNBC news report, the funds will help Forbes execute on its plan to merge with a publicly traded special purpose acquisition company, or SPAC, in the first quarter, according to people with knowledge of the deal. Investors have grown skeptical of SPAC deals generally, and media deals in particular, in recent months amid the broader stock market retrenchment. Binance will replace half of the $400 million in commitments from institutional investors announced by Forbes in August, said the people, who declined [&hellip;]
- [Will Nigeria Central Bank Lift Crypto Ban ? As Crypto Ownership Growth Slows Down.](https://diutocoinnews.com/2022/02/cbn-crypto-ban-lift/): On February 2021, Central Bank of Nigeria CBN released a circular to all Nigerian Banks mandating them to desists from engaging in cryptocurrency transactions. According to Finder, the global crypto survey research firm, globally, crypto ownership jumped from 11.2% in October 2021 to 15.5% in December 2021. This places Nigeria among countries with one of the lowest growth rates in crypto ownership between the two surveys, with ownership falling by 2.4 percentage points from 23.6% to 21.2%. The global growth average was 4.3 percentage points. Following public out cry, which include a video address from the vice president Yemi Osibanjo expressing [&hellip;]
- [OKX Will List and Open Metis’s METIS Token for Spot Trading Today](https://diutocoinnews.com/2022/02/trade-metis-token-on-okx/): OKX will list Metis’s METIS token for spot trading Today OKX is pleased to announce the listing of Metis’s METIS token on our spot trading markets. Trading of METIS will start according to the following schedule: METIS deposits open at 6:00 am UTC on Feb. 10 Spot trading for METIS/USDT opens at 11:00 am UTC on Feb. 10 METIS withdrawals open at 10:00 am UTC on Feb. 11 Metis is an Ethereum Layer 2(Optimistic Rollup) + DAO Infrastructure for Web 3.0 Economy. Our vision is to scale Ethereum to connect the Web2 world with Web3, enabling the entire Web3 world to [&hellip;]
- [Trade TraderJoe's JOE Token on OKX Spot Trading Platform](https://diutocoinnews.com/2022/02/trade-joe-on-okx/): OKX is pleased to announce the listing of TraderJoe’s JOE token on our spot trading markets. Trading of JOE will start according to the following schedule: 1. JOE deposits open at 7:00 am UTC on Feb. 9 2. Spot trading for JOE/USDT opens at 10:00 am UTC on Feb. 9 3. JOE withdrawals open at 10:00 am UTC on Feb. 11 TraderJoe is a decentralized exchange (DEX) on Avalanche. It also provides lending and borrowing services through BankerJoe. JOE is the native token of the project. By staking JOE to receive xJOE, users are able to receive a portion of the [&hellip;]
- [Reno Omokiri Blasted Over Wrong Bitcoin Launch Date.](https://diutocoinnews.com/2022/02/reno-blasted-over-wrong-bitcoin-launch-date/): Former presidential media aide and YouTuber, Reno Omokiri is receiving heat across Nigeria Twitter community over false YouTube video claim that Bitcoin was launched in 2013. In one of his videos on YouTube, Reno claimed that Bitcoin was invented in 2013. This has elicited backlash from people on twitter who berates Reno for feeding his followers with inaccurate information. Bitcoin was created out of the turmoil of the 2008 Great Recession as distrust of banks and their role in the financial system grew. An individual or a group of people going by the name Satoshi Nakamoto issued a white paper to [&hellip;]
- [Win Bitcoin From FTX](https://diutocoinnews.com/2022/02/win-bitcoin-from-ftx/): To participate, you will need to have a Twitter account. Twitter accounts are free but is subject to the applicable Terms of Service and Privacy Policy. If entering via a mobile device and using your wireless carrier’s network, standard data charges from your wireless carrier may apply. Entry Requirements:&nbsp;During the Promotion Period, take the following actions to receive an entry:(a) Follow @FTX_Official on Twitter;(b) Locate and Retweet Sponsor’s tweet that advertises this Promotion (“Sweepstakes Tweet”).(c) You need not include any additional content with your Retweet, including any reference, positive or negative, to Sponsor’s products or services.&nbsp;Including such a reference in your Retweet will not improve [&hellip;]
- [Zimbabwe Plans To Launch Central Bank Digital Currency CBDC In 2022.](https://diutocoinnews.com/2022/02/zimbabwe-digital-currency/): The Central Bank of Zimbabwe (Reserve Bank of Zimbabwe – RBZ) has said that it is actively exploring the feasibility of adopting a Zimbabwean central bank digital currency (CBDC) including specific design considerations, opportunities, and risks to the monetary and financial system.RBZ is developing a clear roadmap for adopting CBDC, encompassing the feasibility and assessment stage currently taking place, policy design stage based on results of the feasibility study and implementation modalities. According to the February 2022 monetary policy statement, the RBZ remains opposed to cryptocurrencies but open to innovations via its Fintech Regulatory Sandbox launched by the bank in March [&hellip;]
- [Crypto Startups Receives More Funding In January More Than Annual Funding For Other Startups In Africa.](https://diutocoinnews.com/2022/02/africa-crypto-startups-receives-funding-january/): Although 2021 recorded highest growth investments in crypto startups, January 2022 data shows that high rate of capital inflow this year is set to break 2021 record. Financial Report on January 2022 shows that crypto startups have raised nearly $5 billion. This is just as much as all the investments that African startups raised in 2021 at $4.65 billion. The near $5 billion in latest funding for crypto startups set a new monthly record. Surprisingly, funding grew despite the massive crypto market clash in the month. A lot of the new funding rounds have continued to get bigger, especially for later-stage companies. [&hellip;]
- [US Dept Of Justice Arrests Couple In $4.5 Billion Bitfinex 2016 Hack.](https://diutocoinnews.com/2022/02/bitfinex-2016-hacker-arrested/): US Department of Justice, today arrested Lichtenstein, 34, and his wife, Heather Morgan, 31, both of New York, and charged them with laundering cryptocurrency stolen from Bitfinex in 2016. Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack. Lichtenstein and Morgan allegedly conspired to launder the proceeds of 119,754 bitcoin that were stolen from Bitfinex’s platform after a hacker breached Bitfinex’s systems and initiated more than 2,000 unauthorized transactions. “Today’s arrests, and the department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals,” said Deputy Attorney General Lisa O. Monaco. [&hellip;]
- [How A Hacker Unlocked A $2 Million Trezor Crypto Hardware Wallet And Saved the Day.](https://diutocoinnews.com/2022/02/how-hacker-unlocked-2-million-wallet/): The hacking and stealing of cryptocurrency has become such a commonplace thing these days that the recent &#8216;wormhole hack&#8217; which saw $325 million stolen from the DeFi bridge, is hardly that shocking anymore. While cyber-crooks can use hacking techniques to steal crypto (it&#8217;s all data, after all), that doesn&#8217;t make all hackers bad people. Genuinely true. To prove the point, you need to look no further than Joe Grand and the case of the locked $2 million Trezor crypto wallet. Grand, better known within the hacking community as Kingpin, is a very well-known and very well-respected hardware hacker. In days past, [&hellip;]
- [Again! Teen Who Tracks Elon Musk Private Jet Rejects An Offer Of Telsa Model 3.](https://diutocoinnews.com/2022/02/teenager-rejects-elon-musk-offer-again/): The 19-year-old boy, Jack Sweeney, who recently rejected Elon Musk&#8217;s $5, 000 (N2m) offer to delete a Twitter account monitoring his private jet has again turned down another offer. The university freshman this time turned down an offer of a Tesla Model 3 car subscription for three straight years Sweeney who doesn&#8217;t want a temporary car and would have preferred an internship role has now changed his offer. The somewhat negotiation between the world&#8217;s richest man Elon Musk and a 19-year-old university freshman Jack Sweeney who runs a Twitter account that monitors the billionaire&#8217;s private jet has taken a new turn. [&hellip;]
- [Hushpuppi: US, Nigeria Discussing Abba Kyari Extradition Says Nigeria's Attorney General.](https://diutocoinnews.com/2022/02/hushpuppi-abba-kyari-extradition/): Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), says the United States and the Nigerian Government are discussing the possible extradition of the suspended Head of the Intelligence Response Team, DCP Abba Kyari, for his alleged role in a $1m scam allegedly perpetrated by alleged international Internet fraudster Ramon Abbas, aka, Hushpuppi and five others. According to The Punch news report, the AGF said that reasonable grounds for suspicion have been established against Kyari. Malami spoke on Monday while featuring on Channels Television’s ‘Politics Today’ programme monitored by&nbsp;The PUNCH. The Nigeria Police Force had probed Kyari and [&hellip;]
- [Register to Attend LapLap Crypto Tour in Nigeria](https://diutocoinnews.com/2022/02/laplap-crypto-tour-nigeria/): Announcing the LapLap.io Crypto Tour in Nigeria geared towards educating the public about the benefits and the knowledge around #PublishToEarn on Web 3.0 a Social Platform of GameFi (Game Finance). It is an event fully sponsored by LapLap.io that will educate the attendees on &#8216;How to Publish and Earn&#8217;. Attendees will be able to earn passively with the knowledge of the laplap.io platform. “LapLap is a PublishToEarn Web3 player ecosystem that integrates GameFi and SocialFi to lead players to discover and participate in the latest game projects. By building a GameFi ecosystem composed of more closely connected players, Laplap is reshaping [&hellip;]
- [First Ever Wedding In The Metaverse Holds On Decentraland.](https://diutocoinnews.com/2022/02/first-metaverse-wedding-holds-in-decentraland/): A US couple from phoenix got married with their digital identities this weekend in the first marriage to take place in the metaverse. The wedding ceremony took place in the metaverse with witnesses, supreme court justice officiant Clint Bolick, and virtual crowd of 2000 guests on Saturday according to a cointelegraph report. The bride and groom, Ryan and Candice Hurley hired Rose Law Group to legally formalise the marriage. The group&#8217;s founder and president, Jordan Rose claims it&#8217;s the first ever wedding hosted on a blockchain based metaverse. &#8220;Because the metaverse is still in it&#8217;s infancy, we have to develop legal [&hellip;]
- [How to Spot a Scam in DeFi and Tips to DYOR Before Investing in DeFi](https://diutocoinnews.com/2022/02/spot-scam-in-defi/): Introduction&nbsp; With the increasing interest and fascination with financial innovations made possible by DeFi, scammers are finding more ways and loopholes to take advantage of them and defraud innocent investors.   In 2021 alone, cryptocurrency scams and theft in the DeFi sector totalled over $12 billion in crypto assets stolen from user wallets, as well as exchange holdings. Part of this theft was due to poorly programmed smart contracts and weaknesses in platform security, but the rest were due to cryptocurrency fraud, with bad actors taking advantage of users new to the space. DeFi is an especially unforgiving space – usually, [&hellip;]
- [Nigeria P2P Crypto Transactions Records 16% Growth](https://diutocoinnews.com/2022/02/nigeria-crypto-p2p-grows/): Nigeria’s peer-to-peer transactions on p2p crypto exchanges increased by 16% annually despite CBN clamp down on crypto. Nigeria’s P2P volumes on two major P2P platforms (Paxful and Localbitcoins) currently stand at $400 million, followed by Kenya with more than $160 million and South Africa with $117 million. P2P transaction was on the decline partly because the Central Bank of Nigeria recently ordered commercial banks to freeze the accounts of individuals trading crypto. The directive has once again reiterated its stance in a&nbsp; post-no-debit circular dated November 3rd 2021, issued by J.Y. Mamman, the Bank’s Director of Banking Supervision. The new report [&hellip;]
- [Eureka! Real Founders Of Bored Ape Yacht Club Unveiled.](https://diutocoinnews.com/2022/02/bored-ape-yacht-club-founders-revealed/): The founders of Bored Ape Yacht Club, the creators what is now called, Bitcoin of NFT revealed themselves today on Twitter; Gordon Garner, Greg Solano, a 32-year-old writer and editor, and Wylie Aronow, a 35-year-old originally from Florida after Buzzfeed doxxed them. Bored Ape Yacht Club (BAYC) is a collection of simian avatars created by four founders with nicknames, has quickly become an extremely lucrative venture in a fast-growing space. It recently surpassed competitors to become the most expensive NFT collection — the floor price to buy the cheapest ones is now over $280,000, and the collection currently has a market cap [&hellip;]
- [Justin Bieber Buys Bored Ape Yacht Club NFT For $1.29 Million](https://diutocoinnews.com/2022/02/justin-bieber-buys-bored-ape-yacht-club-nft-for-1-2-million/): Pop singer Justin Bieber bought a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum worth $1.29 million 300% more than the flooro on Opensea NFT Marketplace. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Bieber, Baby coroner is a well known pop star with his popular seven-track EP “My World.” The 2009 album made Bieber the youngest solo male recording artist to make it into the U.S. Billboard 200 in 47 years. Recently with the growing adoption of crypto NFT, Bieber seems to be venturing into cryptocurrencies and non-fungible token assets. [&hellip;]
- [How To Spot And Stop Scam Emails, Messages And Calls.](https://diutocoinnews.com/2022/02/how-to-spot-and-stop-scam-email-messages/): Most of our daily communication activities now are carried out through the internet. In today&#8217;s world, we live and work online. At no fault of ours, the internet unfortunately is infiltrated with criminals attempting to steal from us, through what is called phishing; when criminals use scam emails, text messages or phone calls to trick their victims. The aim is often to make you visit a website, which may download a virus onto your computer, or steal bank details or other personal information. Whether it&#8217;s for banking to shopping, crypto trading to digital asset wallets and streaming to social media, people [&hellip;]
- [How To Participate In This 8 Weeks Intensive Training Programme For Web 3 And Blockchain.](https://diutocoinnews.com/2022/02/web-3-blockchain-training-programme/): Nestcoin, the Nigeria cryptocurrency investment company has partnered with Zuri Team; a global tech training and job placement agency to create Block Games, an 8-week intensive program focused on training developers on how to solve problems using blockchain technology. Yele Badamosi the CEO Nestcoin, which recently had a successful seed fund raise, said that; &#8220;In the transition from “read-only” web1 to “read&amp;write” web2, developers played a crucial role. As we build the future of web3, we believe it&#8217;s important to play our part by empowering developers with the skills needed to build a permission-less &amp; decentralized future.&#8221; There is growing need [&hellip;]
- [Scarm Alert ! Binance CEO Warns Users About A Phishing Scam.](https://diutocoinnews.com/2022/02/binance-phishing-scam-alert/): Binance CEO, Changpeng Zhao CZ has warned users of the platform today to be alert not to fall victim of a phishing SMS scam that targets users credentials. In a post made on Twitter today, with a screenshot depicting the phishing format, CZ Binance tweeted; &#8220;There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below. NEVER click on links from SMS! Always go to http://Binance.com via a bookmark or type it in. Stay #SAFU&#8221; Phishing&#8217; is when criminals use scam emails, text [&hellip;]
- [MarK Zuckerberg Drops Out Of 10 Richest , As Meta Share Suffers Huge $300 Billion Loss.](https://diutocoinnews.com/2022/02/meta-face-loses-200-billion-mark-zuckerberg/): Meta shares suffered a historic selloff in trading on Thursday, Feb. 3, Facebook’s parent firm Meta on Thursday plunged over $200 billion in stock value causing Mark Zuckerberg to fall out of the Top 10 rich list. The Facebook founder’s personal net worth dropped approximately $29.7 billion on Thursday, according to Forbes’ real-time calculations. By the end of trading, Zuckerberg’s on-paper fortune was estimated to be $84.8 billion. Forbes now has Zuckerberg at No. 12 on the list world&#8217;s richest individuals. Meta shares fell by more than 26% on Thursday to close the day at $237.76 each — wiping off about $232 billion [&hellip;]
- [User Claims Binance Verified Account Of A Topless Woman Picture.](https://diutocoinnews.com/2022/02/binance-verifies-account-of-a-topless-woman-picture/): A Binance user claimed on Twitter that the strict Binance identification verification for new users registering with the crypto exchange trading platform accepted her topless image. The verification process for pictures in the Binance platform are of two categories; the selfie upload and the facial recognition verification. It&#8217;s not clear the category that accepted the topless image. The user named Alina, tweeted &#8221; fun facts; &#8221; my Binance got verified with a topless pic&#8221;. The post tweeted on February 2, 2022 received over 2000 likes and 55 retweets. The Binance image verification exercise many new users complained has been a difficult [&hellip;]
- [Twitter Wants To Expand It's 280 Character Limit With "Article" New Feature.](https://diutocoinnews.com/2022/02/twitter-new-feature-twitter-article/): Twitter is reportedly working on a new feature called &#8216;Articles&#8217; that allows users to create articles and long-form posts within the app. The feature will allow users to create a long-form post within Twitter. The feature is currently under development and was revealed by tipster Jane Manchun Wong via a Twitter post.  As of now, not much is known about the upcoming feature. But it is likely that it will allow Twitter users to write article-style posts on Twitter exceeding the current 280 character limit. It is also being said that the feature will not be available for all users. Instead, it [&hellip;]
- [Is Facebook About To Acquire Sandbox?](https://diutocoinnews.com/2022/02/is-facebook-about-to-acquire-sandbox/): There is an unconfirmed report that Facebook is about to acquire Sandbox Game, the report claims that regulation and paper work finalisation between the two companies are in the works. There is a growing number of Fortune 500 companies who have started to flood their investments into the Metaverse, Web3, and gaming crypto ecosystem. The development is believed to be the future and could be worth $1.5 trillion by 2030, according to Grayscale’s report. Sandbox is one of the top metaverse and virtual gaming platforms in the blockchain world . Since Facebook has rebranded itself as Meta and is working towards [&hellip;]
- [Hushpuppi To Receive Sentencing in July For $24 Million Fraud.](https://diutocoinnews.com/2022/02/hushpuppi-to-receive-sentencing-in-july-11/): The United States District Court for the Central District of California has postponed the sentencing of Ramon Abbas popularly called Hushpuppi till July 11, 2022 for many offenses including  defrauding US firm of $15.3m stashed away in Bitcoin wallet  The postponement order was granted by Judge Otis. D. Wright in Los Angeles following a request issued by Hushpuppi’s lawyers, led by Louis Shapiro. “At the request of counsel, the sentencing is continued to July 11, 2022, at 11:00 am,” the court document said after the decision was taken on February 2, 2021. The Nigerian Internet fraudster was previously scheduled to be [&hellip;]
- [Police Officer In $40 million Crypto Kidnap Scheme Arrested.](https://diutocoinnews.com/2022/02/police-officer-in-crypto-kidnap-scheme-arrested/): A cryptocurrency trader in India who made a $40 million fortune was kidnapped by a police officer and seven others who forced him to transfer his crypto fortune to them, authorities revealed. Vijay Naik, 38, was abducted in the city of Pune on January 14 and told to hand over his digital fortune, along with 800,000 rupees ($10,700) in cash. He was abruptly let go the next day when the kidnappers realised the police were on their tail, and the perpetrators were detained on Tuesday. Among the accused was Dilip Tukaram Khandare, a police officer who had been trained in cybercrime [&hellip;]
- [125k Ethereum Worth $325 Million Stolen From Wormhole In Latest Solana/Ethereum Hack.](https://diutocoinnews.com/2022/02/125k-ethereum-stolen-from-wormhole/): In what experts termed the fourth biggest hacks ever, Wormhole Portal, a platform that helps users transfer cryptocurrency between the Solana and Ethereum blockchains, announced late Wednesday that a hacker had stolen more than $325 million worth of Ethereum Tokens. Blockchain platform Wormhole, launched last August and holds roughly $1 billion in deposited fund of possible of possible hack on Twitter at early ours of today, stating that it&#8217;s network was down for maintenance as the firm look into a potential attack. In a message embedded onto the Ethereum blockchain, Wormhole offered the attacker a $10 million bounty to return the [&hellip;]
- [Breaking! Botswana Passes Crypto Regulatory Bill.](https://diutocoinnews.com/2022/02/botswana-passes-crypto-regulatory-bill/): Botswana lawmakers today, passed a bill to regulate the trading of cryptocurrencies and other digital tokens, according to Finance Minister, Peggy Serame. The Virtual Assets Bill is expected to help the country further tighten anti-money laundering following its removal from the Financial Action Task Force (FATF) list of countries that have shortcomings in combating money laundering and terrorist financing in October 2021. The development follows two months after the Central Bank of Botswana warned the public of the risks of investing in cryptocurrencies due to their unregulated nature. &#8220;The Bank of Botswana does not believe in cryptocurrency because it has failed [&hellip;]
- [New Cyber Security Threats For Nigeria Telecom Users Identified](https://diutocoinnews.com/2022/02/new-cybersecurity-threats-for-nigeria-telecom-users/): The Nigerian Communications Commission’s Cyber Security Incident Response Team (NCC-CSIRT) announced the identification of two cyber wide-open threats and advised Nigerian telecom consumers on ways to get protected from cyber-attacks.&nbsp;&nbsp;This will be CSIRT, first-ever security advisory three months after its creation. It solely identified the two cyber-attacks targeting the consumers and proffer solutions that can help telecom consumers from falling victim to the two cyber open threats.&nbsp;&nbsp;&nbsp;According to The Guardian news report, the first is described as Juice Jacking, which can gain access into consumers’ devices when charging mobile phones at public charging stations and it applies to all mobile phones. [&hellip;]
- [Tech: Want To Learn Coding ? Quidax Is Sponsoring 100 Students Find Out Here.](https://diutocoinnews.com/2022/02/quidax-alt-school-africa-scholarship-partnership/): For those who want to join the league of tech gurus and dream of earning that high salary and contracts that techies earn, Quidax, the Nigeria owned crypto and digital asset trading platform is partnering with AltSchool Africa to sponsor 100 students to learn coding in 2022. On the partnership with Quidax, AltSchool Africa stressed,&#8221; We believe ‘the reward for hard work is the opportunity to do more’. So when we asked you to study hard for the assessment, it’s because we wanted to push you towards your success&#8221;. Quidax is providing full scholarship to talented performacers. Alt School Africa Qquidax [&hellip;]
- [Top Metaverse Projects To Watch Out In 2022](https://diutocoinnews.com/2022/02/top-metaverse-projects-watchout-2022/): The metaverse trend in crypto ecosystem is gaining more momentum in 2022. Adoption of metaverse as a mainstream phenomenon is also growing. The just concluded January big tennis sporting event; Australian Open Tennis Grandslam tournament was also premiered on Decentraland metaverse. You can pay for ticket and watch from your metaverse through your Visual Reality Headset VRH. The opportunities in metaverse is endless. The metaverse trend in crypto ecosystem is far from over. According to Business Insider report, Facebook metaverse; Horizon World already recorded a $5 Billion revenue in few months of launch in few selected countries. Start-ups, big cooperations and [&hellip;]
- [Bitcoin Whale Alert: Microstrategy Buys More 660 Bitcoin Worth ,$25,000,000!](https://diutocoinnews.com/2022/02/bitcoin-whale-alert-microstrategy-buys-660-bitcoin/): MicroStrategy, the software firm led by crypto-bull Michael Saylor, said it has purchased an additional 660 bitcoins for $25.0 million in cash at an average price of $37,865 per bitcoin. Before today&#8217;s purchase, Microstrategy holds a total of 125,051 bitcoins acquired for ~$3.78 billion at an average price of $30,200 per bitcoin amid a rout in digital assets. Chief Financial Officer Phong Le revealed in an interview that the company is unfazed by the bitcoin slump as its approach is to buy and hold the cryptocurrency. Bitcoin, which has dropped from its all-time high in November of about $69,000 to $36,864 [&hellip;]
- [India Legalises And Taxes Crypto and NFTs  Sets To Launch Digital Rupees](https://diutocoinnews.com/2022/02/india-to-legalise-crypto-and-nfts/): India took a bold step today towards adopting cryptocurrencies after years of deliberations, as the south Asian country with big population of crypto traders announced moves to legalise digital assests with a proposal to place 30% tax on cryptos and NFTs sales, India also reveals plans to float digital Rupees. “Any income from virtual digital assets is taxable at 30 per cent,” the finance minister said while presenting the federal budget. “There will be no deduction with exception of the cost of acquisition. The TDS is applicable beyond a specified monetary threshold, and the gift of virtual currencies is taxable in [&hellip;]
- [Africa Tech Startups Receives $4 Billion Of Global $650 Billion In Tech Investments.](https://diutocoinnews.com/2022/01/africa-startups-receives-4-billion-investment-fund/): In 2021, tech startups operating across Africa have jointly raised over $4 billion in 800 deals, this record increased in fourfold the $1.1 billion that was invested in Africa in 2020 as the global pandemic raged . Though this is a significant huge improvement for Africa tech industry, it is a measly meal in comparison to the over $650 billion global investment in tech. While most of the funding for Africa went to fintech startups, Nigeria, South Africa, Egypt and Kenya continued to top the list as the big four — with 80% of the total raised on the continent so [&hellip;]
- [Elon Musk Offers $5K To   Teenage Owner Of A Twitter Account Monitoring His Private Jet .](https://diutocoinnews.com/2022/01/elon-musk-private-jet-twitter-account-monitor/): Will you take the offer if you&#8217;re in the shoes of the teenager ? Jack Sweeney, a 19-year-old from Florida, rejected a $5,000 offer from Elon Musk to take down his Twitter account that tracks the billionaire&#8217;s private jet reports. The @ElonJet&#8221; twitter account shows and reports the movements of Musk&#8217;s private jet, using bots that monitor publicly available air-traffic data. CNN reported that, the owner of the account, the 19-year-old Jack Sweeney, received a message in fall last year at 12:13 a.m. from Musk. It said: &#8220;Can you take this down? It is a security risk.&#8221; Sweeney replied: &#8220;Yes I [&hellip;]
- [Google Invests $1 Billion In Airtel Acquires Stake In Airtel.](https://diutocoinnews.com/2022/01/google-invests-1-billion-in-airtel/): Alphabet Inc&#8217;s Google will invest up to $1 billion in India&#8217;s Bharti Airtel as the U.S. technology bigwig enlarge its hold in India, sending shares of the telecom operator as much as 6.6% higher on Friday, the news made Airtel Nigeria shares climb to a 10% gain becoming the most valued share on Nigeria Stock Market. The investment is part of Google&#8217;s plans announced under two years ago to infuse $10 billion in India via its digitisation fund over five to seven years through equity deals and tie-ups according to Reuters report. Google&#8217;s investment includes a $700 million equity investment in Airtel [&hellip;]
- [Australia Open Closing Party Featuring Steve Aoki Holds In Metaverse Decentraland, MANA Up 25%.](https://diutocoinnews.com/2022/01/mana-decentraland-australian-open-party/): Decentraland MANA hosted the Australian Open&#8217;s closing Party in its metaverse, featuring many popular artists. Analysts predicts that Decentraland price will steady at resistance price of $2.60 as the metaverse token pushes for a $2.70 target.  Decentraland’s&nbsp;3-D virtual platform is hosting a closing party today, January 31, 2022, for the Australian Open tennis tournament. The metaverse token has posted 25% gains over the past week.&nbsp; The Australian Open is a tennis tournament held annually at Melbourne Park in Melbourne, Australia. It’s one of the largest tennis tournaments in the world, with the prize money set at $75 million for 2022. The [&hellip;]
- [Metaverse Ecosystem Is Growing, So Are Job Opportunities In It.](https://diutocoinnews.com/2022/01/metaverse-project-managers-jobs/): Metaverse is one of the leading trends in today&#8217;s tech space. Companies are rushing to catch up with the buzz. The metaverse is no longer a concept crypto developers were pushing. It&#8217;s mainstream adoption cuts across several industries. Companies are looking for talents in the field of metaverse to help develop and launch their own metaverse projects. It&#8217;s no longer something out of science fiction. It is reality. It is here. The metaverse is a term for immersive networked digital space where users can operate the way they do in reality, this time in a digital world mimicking reality. Metaverse is [&hellip;]
- [OKLink to help Police in Crypto Crimes Investigation and Anti-money Laundering Through Chaintelligence Pro 2.0](https://diutocoinnews.com/2022/01/oklink-crypto-crimes-chaintelligence/): Investigation &amp; Anti-money Laundering Operations.&nbsp; In 2021 alone, data from CBNC report shows that scammers stole a whopping $14 billion in cryptocurrencies. Losses from cryptocurrency crimes are growing.&nbsp; The implicative effect is loss of confidence from investors and apathy from countries, leading to calls for crypto ban. Somebody needs to step up and create confidence in both investors and the government. The need for industry players to devise ways to tackle this menace in the crypto ecosystem has become imperative more than ever.&nbsp; OKLink, leading global blockchain big-data company, a division of OKX (formerly OKEX) is right on track with the [&hellip;]
- [Binance Restricts 281 Account Of Nigerian Users As The CEO Pleads For Understanding.](https://diutocoinnews.com/2022/01/binance-restricts-281-nigeria-users-pleads/): Binance CEO, Changpeng Zhao CZ in a commitment letter to it&#8217;s Nigerian users today, addressing the recent viral online protest by Nigerians over banned accounts revealed that some 280 accounts of Nigerian users were restricted through directive of International law enforcement. The Binance head, apologised to Nigeria and African users for the inconvenience caused by delays in resolving Binance customer support requests. He also stressed that necessary security measures must be taken to protect users. &#8220;User security remains our top priority. We love and are devoted to our Nigerian community, but we must ensure that our users are safe. As such, [&hellip;]
- [Google Now Has Blockchain Division Plans Crypto Acceptance.](https://diutocoinnews.com/2022/01/google-blockchain-accepts-crypto/): Global tech giant, Google has started a new blockchain-based division as part of its Labs group. The division will also deal with other distributed computing and data storage technologies as Bill Ready, Google’s president of commerce, stated on earlier in January they were paying a lot of attention to cryptocurrency. According to Bitcoin News, the new blockchain division will be directed to the experimentation with these decentralized technologies under the umbrella of the Labs group. Labs is an experimental division that groups all the AR and VR efforts, and other potential projects in the tech area. The new Google Labs group also includes [&hellip;]
- [Russia's President, Putin  Stops Crypto Ban.](https://diutocoinnews.com/2022/01/russias-president-stops-crypto-ban/): President Vladimir Putin has called the nation&#8217;s legislative government and central bank to work out a common position on their regulation, instead of restrictions, the Russian leader also noted that Russia has the opportunity to become a crypto mining destination. Russian President Vladimir Putin has weighed-in on the ongoing discussion on how to put Russia’s growing crypto space in order. At the start of a video conference with the members of the Russian government, Putin gave his take on “an issue that is currently in the spotlight – the regulation of cryptocurrencies.” The Russian president also highlighted his country’s “competitive advantages” [&hellip;]
- [Musician Falz  (Bop Daddy) Invests Millions In Tech School.](https://diutocoinnews.com/2022/01/falz-invests-in-tech-alt-school-africa/): Folarin Falana popular known by his stage name as Falz the Bad Guy today announced that he has joined a tech coding school; Alt Africa as a partner investor to accelerate the development and training of tech skills in Africa. In a short clip shared on Twitter, Falz who is also a trained lawyer explained that investing in Alt School Africa was a no brainier for him as his interest in tech has always been there, and dreams that one day he will be called a &#8220;techi&#8221;. Falz noted that he is now a tech guru/ entrepreneur, &#8220;We are doing a [&hellip;]
- [Reddit Joins The NFT Trend With Profile Picture  NFT Tool.](https://diutocoinnews.com/2022/01/reddit-nft-profile-picture/): Reddit the social conversation medium is is pilot testing a feature that would enable its users to upload any of their NFT they as their profile picture. Twitter recent launched a similar feature e able users to upload their verified NFTs as profile pictures. In a press statement, Reddit explained that this NFT project is on a pilot test&#8217;s early stage and has not been updated to any of Reddit platforms. “We’re always exploring ways to provide value for users and communities on Reddit. At the moment we’re testing the ability to use NFTs as profile pictures (avatars) and verify ownership,” [&hellip;]
- [Do You Know How Many Bitcoin Elon Musk Holds ? Tesla Latest Financial Report Revealed.](https://diutocoinnews.com/2022/01/how-many-bitcoin-elon-musk-has/): Billionaire Elon Musk’s Tesla, retained all it&#8217;s bitcoin in the fourth quarter; none was sold, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company officially accepts the meme cryptocurrency dogecoin (DOGE) for some merchandise at the moment. The company’s unaudited balance sheet shows net digital assets of $1.26 billion at the end of December last year. This amount is unchanged from the third quarter. Tesla’s unaudited statement of cash flows also shows that there was no purchase or sale of digital assets in the last three quarters. The only cryptocurrency purchase Tesla made was bitcoin [&hellip;]
- [Are You A Young Tech Innovator ? This Fellowship Programme Is For You.](https://diutocoinnews.com/2022/01/tech-fellowship-programme/): Heart Fellowship Award, for young tech founders whose businesses employ innovative solutions to tackle challenges in the HEART sectors has been inaugurated by Sterling Bank PLC   The award is targeted at tech founders within the age bracket of 14 and 16 and will hold in February under the Founder Institute Lagos Virtual Spring programme. The HEART sectors include health, education, agriculture, renewable energy and transportation. They represent the sectors where the bank is focusing investments on under its HEART’s of Sterling strategy. Head, Business Group and Partnerships with Sterling Bank, Mr. David Adebayo who disclosed this in a statement issued [&hellip;]
- [#BinancestopscammingNigerians Trends On Nigeria Twitter.](https://diutocoinnews.com/2022/01/binance-stop-scamming-nigerians-trend/): Global crypto exchange Binance, is presently facing the heat on Nigeria Twitter space with a trending hashtag #binancestopscammingnigerians, accusing the cryptocurrency exchange and blockchain company of neglect to numerous users complaint it&#8217;s Nigerian users have made over poor customer services in rectifying issues especially unexplained loss of users funds. The hashtag started from a Binance user who complained on Twitter that the crypto exchange company Binance has restricted his account for over 10 months with cryptocurrencies in it and recently disabled the account. A Twitter user, Chinedum Kelvin noted, that, &#8220;crypto has been an escape route for several young Nigerians including [&hellip;]
- [Shiba Inu Metaverse Project "Shiberse" Set For Launch.](https://diutocoinnews.com/2022/01/shiba-inu-metaverse-project-shiberse/): Meme coin, shiba inu announced during the week, plans to launch it&#8217;s metaverse project called &#8220;shiberse&#8221; this January with a trailer video of their metaverse project posted on their Twitter . The statement from Shiba Inu, shibtoken Twitter handle reads,&#8221; As promised, we are so excited to announce our first special surprise for the year #ShibArmy! In 2022, we are reaching new heights and welcoming the #Shiberse. An immersive experience for our ecosystem and the Metaverse space! We can&#8217;t wait to show you more. Woof!&#8221; Shiba inu bounced back with other altcoins in a broad crypto recovery. It was last up 9% at [&hellip;]
- [Catch the Correct Grimacecoin Topping the Charts as the 2022 Meme Coin](https://diutocoinnews.com/2022/01/grimacecoin-meme-coin/): Grimacecoin meme coin for 2022 Grimacecoin came about from the McDonald&#8217;s reply to Elon Musk&#8217;s tweet on promising to have a McDonald&#8217;s meal on TV only if dogecoin gets to be accepted as a payment option on McDonald&#8217;s. Among other top meme, coins include dogecoin, Shiba Inu coin, floki and wakandainu meme coin. The newest addition on the list now will grimacecoin. There is numerous creation of this coin both on Ethereum, BSC (Binance Smart Chain) and Polygon. The majority of these coins are traded mainly on Uniswap, Pancakeswap and Quickswap.&nbsp; One of the grimacecoin launched on BSC has done a [&hellip;]
- [Cryptocurrency Exchange, Quidax Announces Brand Refresh Unveils New App and Website](https://diutocoinnews.com/2022/01/quidax-app-and-website/): Cryptocurrency Exchange, Quidax Announces Brand Refresh Unveils New App and Website African founded cryptocurrency exchange, Quidax on Tuesday announced the launch of its new app and website as well as a refreshed brand identity. According to Quidax, the new app was a result of collecting customer feedback over several months to deliver a simpler and better experience to its customers. In addition to the improved user experience, the app has new features including markets, instant swap, price alerts as well as a learn more section to help anyone understand crypto easily. Brand Refresh As part of the new app launch the [&hellip;]
- [YouTube Plans NFT Features For YouTubers: CEO.](https://diutocoinnews.com/2022/01/youtube-nft-features/): In one of biggest mainstream NFT crypto adoption, Google video content sharing giant, YouTube is planning to add a non-fungible token (NFT) features for its video content creators, its CEO said in a letter sent to YouTube content creators on Tuesday. “We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” CEO Susan Wojcicki wrote in a letter, according to a Bloomberg report. The announcement marks Google&#8217;s first venture into NFT digital collectibles, and comes shortly after the company hired [&hellip;]
- [Learn Crypto Gaming.](https://diutocoinnews.com/2022/01/learn-crypto-gaming/): The Gamefi space in crypto ecosystem is an area that requires little to no investment to participate and make profit. The value in play to earn crypto gaming platforms comes from the currency that players earn within the gaming platforms. A popular play to Earn currency is SLP for Axie players. rypto trading is currently fraught with uncertainties, but to learn skills in crypto gaming will go along way in ensuring that you get that extra cash without worrying about crypto market crashing. Crypto gaming play to earn is a blowing phenomenon on the scene at the moment. It&#8217;s redefining crypto [&hellip;]
- [Elon Musk Promises to Have a McDonald's Meal on TV Once It Accepts Dogecoin for Payments](https://diutocoinnews.com/2022/01/mcdonald-dogecoin-payment/): Following the earlier uproar on social media claiming that fast food outlet company McDonald’s has declared that it will not hire anyone who has dealt in Cryptocurrency.&nbsp; Many social banter activities have followed suit including memes. Most recently, someone turned McDonald’s employee applications into a non-fungible token (NFT) collection and listed it on Opensea. Dubbed McDonald’s Job Application, the NFT collection consists of&nbsp; 1,111 application forms that holders can use to find their dream job at the fast-food company. Another recent meme is the El Salvador President Nayib Bukele posting a photo on his Twitter account showing him wearing a McDonald&#8217;s [&hellip;]
- [Stop Panic Selling: Someone is Buying Up Your Bitcoin on Hourly Intervals](https://diutocoinnews.com/2022/01/buying-bitcoin-on-intervals/): Stop panic selling your BTC holdings. An unknown whale is buying up your Bitcoin on hourly intervals  An unidentified bitcoin whale is reportedly scooping all bitcoin worth around $2-$18 million on hourly intervals from panic selling dumping their bags. This buyer has accumulated a total of 50,000 bitcoin in 13 months. This buyer holds more bitcoin (btc) than the country of El Salvador which holds 15,000 BTC.&nbsp; Data from on-chain monitoring resource CryptoQuant shows as of late December, Bitcoin exchanges have begun to shed their BTC reserves once again. Another unidentified accumulator has been buying 30x per day. From $0 in [&hellip;]
- [OKX will list Acala’s ACA token for spot trading](https://diutocoinnews.com/2022/01/okx-acala-token/): OKX is pleased to announce the listing of Acala’s ACA token on our spot trading markets. Register on OKX.com and get a $10 Bonus Trading of ACA will start according to the following schedule: ACA deposits open at 5:00 am UTC on Jan. 25 Spot trading for ACA /USDT will open once the deposits meet the minimum liquidity requirement. ACA withdrawals open at 10:00 am UTC on Jan. 28 Acala is the decentralized finance network and liquidity hub of Polkadot. It’s a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications. Asset [&hellip;]
- [A Bug on Opensea Currently Allows NFT to be Bought Below Floor Price](https://diutocoinnews.com/2022/01/bug-open-sea-nft/): This bug on Opensea currently allows NFT to be bought below Floor Price @xHustler on Twitter attracted the attention of Opensea users of the latest bug that can exploit your NFT by selling it at an old listing price if after the NFT collections increases in floor price. Another user explained how transferring an NFT to a new wallet does NOT cancel your previous listing. When the Floor Price moons and you transfer your NFT back to that old wallet, now your NFT sells 50% below market value. Let me explain if for example you buy a BoredApe Yacht NFT and [&hellip;]
- [Bad Week For Billionaires.  Elon Loses $25 Billion, Jeff: $20 Billion, Binance CEO $17 Billion.](https://diutocoinnews.com/2022/01/elon-musk-jeff-bezos-binance-ceo-loses-billions/): The week was brutal for billionaires as almost everything from fintech to cryptocurrencies to online gaming crashed. Markets fell by the most since the outbreak of the pandemic as the shadow of interest rate hikes by the US Federal Reserve sips through the economy. According to Bloomberg business monitor report, Elon Musk lost $25 millionJeff Bezos shed $20 billion from his fortune. Changpeng Zhao of Binance dropped $17.7 billion, while Mark Zuckerberg’s wealth fell $10.4 billion. Market analysts believes that this is the worst week for the stock market since the crash at the onset of the pandemic. Big-name companies suffered, with Peloton falling below [&hellip;]
- [Why Is Crypto Crashing ?](https://diutocoinnews.com/2022/01/why-is-crypto-crashing/): The crypto market is witnessing one of the biggest crash in the history of crypto trading. Crypto investors are at crossroads. The crypto crash has continued for a week. Crypto traders are skeptical, confused and unwilling to trade. Many are asking the question; Why is Crypto Crashing ? Over the week the crypto market lost over half of it&#8217;s value. The crypto blockchain monitoring firm CoinMarketCap pegged the loss at over a trillion dollar. This is arguably one of the biggest crypto crash. In a year interval, bitcoin fall from it&#8217;s $67k all time high to a $32k, taking all other [&hellip;]
- [$20 Billion Aliko Dangote Plans to Achieve a $60 Billion Net Worth](https://diutocoinnews.com/2022/01/aliko-dangote-net-worth/): Aliko Dangote net worth is now $20.4 billion Nigerian billionaire and Africa’s richest man Aliko Dangote has become the first African entrepreneur to lay claim to a $20 billion fortune as the stock value of his largest holding, Dangote Cement increased. Currently, on the top 25 richest in the world, Aliko is now richer than Russia’s richest man, Alisher Usmanov, richer than India’s Lakshmi Mittal and running neck and neck with India’s Mukesh Ambani with his $20 billion net worth. With a current market cap of $20.5 billion, Dangote Cement becomes the first Nigerian company to achieve a market capitalization of [&hellip;]
- [Are You A Tech/ Science Student ? US Wants You.](https://diutocoinnews.com/2022/01/are-you-a-tech-science-student-us-wants-you/): The US government on Friday announced policy changes to attract international students specializing in science, technology, engineering and math — part of the broader effort to make the U.S. economy more competitive. AP News agency reports that The US State Department will let eligible visiting students in those fields, known as STEM, complete up to 36 months of academic training, according to a notice in the Federal Register. There will also be an initiative to connect these students with U.S. businesses. Homeland Security will add 22 new fields of study — including cloud computing, data visualization and data science — to a program that allows international graduates from [&hellip;]
- [Crypto Crash Wipes $1 Trillion Value In A Day:  Dip Keeps Dipping](https://diutocoinnews.com/2022/01/crypto-crash-wipes-1-trillion-value/): Crypto major coin,  bitcoin (BTC) and ether (ETH) crashed below key $40,000 and $3,000 support levels respectively, late Thursday evening, sending the thousand of altcoin market into a free fall, as uncertainty hooks investors. According to data from CoinGecko, the total market cap of the cryptocurrency industry crashed 11% to $1.9 trillion as of Friday afternoon during U.S. trading hours, down from an all-time high of $3.1 trillion in November. Most major cryptocurrencies suffered double-digit losses and the recent crypto crash batch of corrections increasingly signal bear market territory. With the Nasdaq composite stock index down 5% in the past week, the sell-off in cryptocurrency [&hellip;]
- [NFT Crypto Ecosystem Is The New Oil Money In Nigeria.](https://diutocoinnews.com/2022/01/nigeria-nft-crypto-ecosystem-new-oil-money/): NFT, a crypto denominated art content adoption is the highest growing new trend that has witnessed massive mainstream adoption. NFT has become a word acknowledged in grammar dictionaries of major languages. Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. And after Christie&#8217;s auction house sold the first-ever NFT artwork ; a collage of images by digital artist Beeple for a&nbsp;whopping $69.3 million&nbsp;, NFTs have suddenly captured the world&#8217;s attention and retained it. Now, the NFT crypto ecosystem is grossing billions of dollars in transactions. NFT Profile Picture has now become a thing, the trend has taken over [&hellip;]
- [Serena Williams Joins Blockchain Firm; Sorare’s Board In A Bid Make Web 3 Inclusive.](https://diutocoinnews.com/2022/01/serena-williams-joins-blockchain-crypto-board/): Sorare, a blockchain fantasy football game on Ethereum, announced that tennis champion Serena Williams has joined the company as a board advisor. The platform uses non-fungible tokens (NFTs) to tokenize players as crypto-collectibles in the form of digital trading cards. If sports are the great equalizer, then sports-focused NFTs have the potential to attract an underserved community to the Web 3 space, Serena Williams tennis star and venture capitalist, stated, while announcing on Thursday that she was joining the board of Sorare, a player-owned fantasy sport game leveraging NFTs.  Williams is expected to provide advice to the board on a range of topics, including [&hellip;]
- [Binance Is The Official Sponsor Of Nigerian Idol Season 7.](https://diutocoinnews.com/2022/01/binance-official-sponsor-nigerian-idol/): The global cryptocurrency trading and blockchain platform Binance has announced its sponsorship of the seventh season of Nigerian Idol, the Nigerian version of the popular US music reality competition television series. This was made known Binance Director Africa, Emmanuel Babalola in a media parley. This sponsorship deal will make Binance the exclusive cryptocurrency &amp; blockchain sponsor for the show. The seventh season of Nigerian Idol kicked off with a series of auditions with the musical contestants judged based on their creativity, strength of voice and stage performances. After multiple audition rounds, 50 contestants proceeded to ‘Theatre Week’ and subsequently, 10 contestants [&hellip;]
- [Twitter Unveils Web3 Type of Verification Tool Via NFT PFP Feature For Twitter Blue Subscribers.](https://diutocoinnews.com/2022/01/twitter-blue-pfp-nft/): Twitter has unveiled a type of web3 verification tool feature via NFT profile picture(pfp) upload for Twitter Blue subscribers. Currently available for iOS For users, with Twitter Blue, the company’s $2.99-a-month subscription service. This Twitter Blue subscribers feature enables users to upload and connect their NFT as PFP from a selected crypto wallet. The steps includes; • Open Twitter Blue page or app, • Click on Edit profile, click on profile picture icon , two options will appear, one is select camera picture, while another is select NFT Profile. • Choose NFT profile, click connect and link of supported crypto wallets [&hellip;]
- [Facebook, Instagram Will Allow Users Create, Display And Sell NFTs.](https://diutocoinnews.com/2022/01/facebook-instagram-nft-marketplace-create-sell/): Social media conglomerate, Meta will be launching tools that will enable users to create, display, mint digital collectibles tokens and sell their works on their Instagram and Facebook profiles. Sources from Meta reveals that the new feature will eventually incorporate an NFT market place. With billions of Meta social apps Users, the new development is one of the biggest mainstream adoption of Non Fungible Token. The latest development the company noted is still in it&#8217;s early stage as Meta is hiring best tech professionals in the industry to help bring the idea to life. Meta recently ventured into another popular crypto [&hellip;]
- [Why You Should Own a Copy of the Generational Wealth Written By Stephen Voski](https://diutocoinnews.com/2022/01/generational-wealth-by-stephen-voski/): I hate words like &#8216;inspirational&#8217; because they have become so overdone and tacky, but I just have to say it- Stephen Voski is an inspiration to others.&nbsp; He is a way maker in the crypto world; it is only someone who has followed a path before that will know, understand and still care to teach others about it. Stephen Vicki adopted bitcoin in 2016 and has committed to educating Nigerians on cryptocurrency. Popularly known as a Son to Chris Ani.&nbsp; He founded Crypto Space NG to project the right knowledge as opposed to the narrative of bitcoin being a hype or [&hellip;]
- [What are Trends To Expect In Crypto Ecosystem In 2022 ?](https://diutocoinnews.com/2022/01/what-are-crypto-trends-of-2022/): The crypto ecosystem like every other determinant of market behavior thrives on trends. What was trend in 2021 in crytpo are gradually going out of season. In 2022, new competitions, projects, companies, technologies and Influencers are springing up with new innovations to displace or challenge the leading market trend setters. Cryptocurrency in 2021 witnessed growth.The overall market value of cryptocurrencies increased by about $1.5 trillion in 2021 to about $2.3 trillion as of Dec. 17, according to tracker CoinGecko, which counts almost 12,000 tokens. That&#8217;s magnanimously huge for an industry in it&#8217;s infancy. Let&#8217;s take a look on what to expect in crypto [&hellip;]
- [Google To Launch Crypto Digital Cards.](https://diutocoinnews.com/2022/01/google-to-launch-crypto-digital-cards/): Technology giant Google, is exploring plans to expand it&#8217;s services into crypto ecosystem through launch of of a feature that will enable users to store their cryptocurrencies in digital cards. President, commercial division of Google says that the tech giants has been working on crypto project and is now ready to venture he said, &#8220;crypto is something we pay a lot of attention to.&#8221; According to the Bloomberg report, the company has also hired Arnold Goldberg to spearhead its payments division. Goldberg was previously the VP of Merchant Product and Technology at payments processing giant PayPal. The company has some ties to the [&hellip;]
- [Top New Metaverse Projects To Trend In 2022](https://diutocoinnews.com/2022/01/top-new-metaverse-projects-to-trend-in-2022/): The virtual reality world is still untapped. The metaverse trend potentials are limitless. Tech giant companies are exploring and diversifying into metaverse projects. Social media giant Facebook has entered Metaverse with Horizon World App in few selected countries, with plans to expand the metaverse trend to many countries in 2022. In 2022, metaverse project trends will witness massive mainstream adoption. The effect will be massive when it becomes global. The lastest mainstream entry into metaverse in 2022 is Walmart metaverse project ; coming with a virtual metaverse currency and NFT. Imagine ordering your groceries and electronics in a metaverse and paying [&hellip;]
- [How To Use The Pan African Payment And Settlement PAPSS For Intra Africa Payment Settlements.](https://diutocoinnews.com/2022/01/how-to-use-papss/): Pan African Payment And Settlement System (PAPSS) recently launched in Ghana after months of fine tuning the process is now live and operational in all African countries for processing of intra African trade payment in a centralised system. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said that banks and financial institutions under its control will accept the Pan-African Payment and Settlement System (PAPSS) the governor recommended that businesses across Nigeria should key into payment structure for ease trade transactions across West Africa. Speaking on the need for PAPPSS, Emefiele recalled that; “Prior to the launch of PAPSS, [&hellip;]
- [This Indonesian Student Made $3 Million Selling His Selfie As NFTs.](https://diutocoinnews.com/2022/01/indonesian-student-3-million-nft/): This Indonesian college student gone viral on Twitter after he announced that he sold digital rights to his selfies for more than $1 million on opensea, a non-fungible tokens (NFTs) platform for minting and sale of NFTs. Sultan Gustaf Al Ghozali, who is a computer science student at a university in the central city of Semarang, uploaded the photos on the NFT trading platform OpenSea under the title &#8216;Ghozali Everyday&#8217;. Ghozali took pictures of himself sitting in front of his computer almost every day for the last five years. He took nearly 1,000 selfies and planned to create a timelapse video [&hellip;]
- [MultiChain (Anyswap) Asks Users to Revoke Approval Pending Critical Vulnerability ](https://diutocoinnews.com/2022/01/multichain-asks-users-to-revoke-approval/): Cross-chain router protocol Multichain (formerly Anyswap) urges users to revoke approvals for six tokens to avoid loss due to a “critical vulnerability” that is currently being exploited by malicious individuals. Users who approved WETH, PERI, OMT, WBNB, MATIC and AVAX on the Multichain platform are now at risk. To avoid loss, the Multichain team advises users to cancel all of the approvals. given to the tokens specified. Multichain also published a step-by-step tutorial on how users can easily revoke approvals. In a tweet, The firm also advised users not to transfer any of the affected tokens before revoking the approvals. Revoking [&hellip;]
- [OKEx Rebrands to OKX To Reflect It's Building](https://diutocoinnews.com/2022/01/okex-rebrands-to-okt/): Date: Tues, JAN 18 (EU local 7am) We are changing our name and our brand identity Meet OKX: A new identity for a big future. Starting today, we are renaming the company from OKEx to OKX.  We are now okx.com. Our apps will be rebranded to reflect our new name, new logo and our new identity. More to come in the following six to 12 months. Why OKX? When our team just started the journey in crypto, Bitcoin was in its infancy as a network. Ethereum was still being developed. Other public blockchains and applications were no more than white paper [&hellip;]
- [Just In: Zenith Bank Reportedly Closing Crypto Related Bank Accounts](https://diutocoinnews.com/2022/01/zenith-bank-closes-accounts-of-crypto-traders/): Unconfirmed reports circulating at moment has it that Zenith Bank is freezing accounts of crypto traders who purchased crypto directly with their Zenith Bank accounts on KuCoin and Binance exchanges. The circulating notice reads; &#8220;If you used your ZENITH Bank to buy coin from kucoin or binance….Transfer your fund now!!!! They are blocking accounts. My account officer called me that he was instructed to close my Zenith account.. I just moved out my fund.. Some people might not be that lucky&#8221;. Recall that the restrictions CBN placed on banks against trading on cryptocurrencies in Nigeria is still in effect and some [&hellip;]
- [News Alert: Hackers Stole $15M Worth of Ethereum From Crypto.com](https://diutocoinnews.com/2022/01/hackers-stole-15m-from-crypto-com/): A Blockchain monitoring firm Watcher Guru has announced that a hacker stole 4.5k Ethereum said to worth $15 million in latest crypto heist of 2022. During the early hours of Monday after users complained about suspicious activity on their accounts, the crypto exchange made an official announcement. With the said development, Crypto.com is now the first major CEX to succumb to a hack this year. Report from sources privy to the situation reports that the attack occurred after the attackers found a way to bypass the 2FA security measures on the exchange. This has prompted Crypto.com to alert users to reset [&hellip;]
- [Codefest: NITDA Holds Hackathons In Three States.](https://diutocoinnews.com/2022/01/nitda-hackathons-holds/): The National Information Technology Development Agency (NITDA) under the supervision of the Ministry of Communications and Digital Economy through its subsidiary, the National Centre for Artificial Intelligence and Robotics (NCAIR) is to host 3 editions of the NITDA HACKATHON in January 2022.  NITDA Hackathon is a national event in collaboration with academic institutions to drive digital innovation and entrepreneurship by challenging Nigeria’s teeming youths to create and develop solutions from inception through to the market.  The hackathon is set to develop and grow a global network of IT experts, comprising Nigerian youths within the country and in the diaspora. &nbsp;It is [&hellip;]
- [Top Ten Africa's Crypto Exchanges](https://diutocoinnews.com/2022/01/top-ten-african-crypto-exchanges/): In Africa, crypto adoption has grown exponentially. According to Chainalysis report on Africa, the growth measured in terms of value received over the years is an estimated 1200%. Crypto in Africa has gone mainstream as many fintech entrepreneurs in Africa are establishing African crypto exchanges that understand dynamics of finance culture in Africa, unlike the touted foreign exchanges that do not include indices like African own stablecoins and unexplainable apathy towards listing tokens from Africa. Africa crypto exchanges has come onboard to give platform to both young African investors who want a relatable crypto exchange and hardworking crypto entrepreneurs who has [&hellip;]
- [Africa's Most Followed Crypto Twitter Influencers.](https://diutocoinnews.com/2022/01/africa-crypto-twitter-influencers/): A major key to understanding and optimising crypto trading complexities is the ability to identify, know and follow trends in crypto. This article will take a look at the role Twitter influencers has played in defining cryptocurrency trends among Africans for Africa. Lists of credible top ten trend defining handles has been meticulously examined and presented. Follow the handles that will be listed in the article to know what crypto to buy, understand trends that defines bull and bear markets. Cheers. Who and What sets these trends ? Many pioneering innovations debuts on a daily basis on crypto spaces like NFT, [&hellip;]
- [LAPLAP, a Social Platform of GameFi, on How It Could Revolutionise Gaming Again](https://diutocoinnews.com/2022/01/laplap-gamefi-social-platform/): On January 15, some community members of Gamefi&#8217;s LAPLAP social platform were interviewed by Nigerian media outlet DiutoCoinNews.&nbsp;&nbsp; Laplap is a #PublishToEarn Web3 player ecosystem that leads players to discover good Gamefi projects.&nbsp; The core anonymous team of Laplap comes from Grab, Animoca Brands, FTX, Google, Tencent, Sequoia Capital, and other top global teams. They have been immersed in the crypto and Internet industry for many years and have a thorough understanding of Gamefi and DAO. They have successfully launched several popular NFT projects.&nbsp;&nbsp; &#8220;SociaFi and GameFi will be the main driving force in 2022,&#8221; Binance CEO CZ Wrote in a [&hellip;]
- [Man Claims He Sold His Kidney For Bored Ape Yacht Club NFT.](https://diutocoinnews.com/2022/01/man-sells-kidney-for-bored-ape-yacht-club-nft/): In what might be the craziest thing seen on NFT space,a Twitter user claimed that he sold one of his kidneys to buy one of the revered Bored Ape Yacht Club BAYC NFT collections. &#8220;BAYC is a collection of 10,000 Bored Ape NFTs—unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.&#8221; The user with the handle @valcon.eth tweeted: Each Bored [&hellip;]
- [First Cryptocurrency ATM Begins Operation in Uruguay, Supports Five Cryptos.](https://diutocoinnews.com/2022/01/first-uruguay-crypto-atm/): The first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This is pioneering development for the country, which according to estimated statistics has between 40K and 50K cryptocurrency users, whose primary avenue for purchasing crypto relies on peer-to-peer P2P markets. Bitcoin News reported that, Adolfo Varela, Inbierto’s CEO, states that one of the aims of this machine is to create trust in the cryptocurrency market in the country, where most crypto commerce happens in peer-to-peer markets that cannot go through banking due to lack of regulations. With a [&hellip;]
- [Giveaway BTC Scammer Stole $1.12 Million Worth Of BTC: Whale Alert.](https://diutocoinnews.com/2022/01/fake-giveaway-stole-26-bitcoin-whalealert/): Foremost crypto transaction tracker, Whale Alert has reported what it called &#8221; single largest payment ever to a fake Giveaway&#8221; a transaction of 26 Bitcoin paid into account of confirmed Michael Saylor Giveaway scam today. Whale Alert on Twitter made a tweet concerning the recent outflow which was made through a Coinbase address. One of the most popular and effective type of scams in which the scammer promises to return multiple times the amount of cryptocurrency the victims sends to them. Giveaways scammers will pretend to be a famous person or to represent a trusted company in order to gain the [&hellip;]
- [Tether Freezes $150M Worth Of Native Stablecoin USDT. What Does This Entail ?](https://diutocoinnews.com/2022/01/tether-freeze-stablecoin-usdt/): Popular stablecoin issuer Tether suspended three Ethereum addresses over the week, holding over $160 million worth of USDT, according to data from Etherscan.The three accounts will now not be able to move funds.The three accounts will now not be able to move funds. According to CoinDesk, in total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer. Tether has said in the past that it regularly works with regulators to supervise suspicious accounts. An address with over $1 million in USDT was frozen in late December. Tether, which issues tokens on several blockchains, began blacklisting addresses [&hellip;]
- [Visa &amp; MasterCard Plans CBDC eNaira' Cards &amp; Wallets.](https://diutocoinnews.com/2022/01/visa-mastercard-enairawallet-cards/): Right in the footsteps of it&#8217;s global competitor MasterCard, Visa Inc is offering central banks the chance to explore CBDC retail applications such as the eNaira. According to Cuy Sheffield, Visa’s head of crypto, stablecoins and CBDCs will coexist in the future and there will be multiple approaches to creating products based on them. Nairametrics, reported that in response to fears that cryptocurrencies may destabilize financial markets or replace fiat currencies, governments around the world have been exploring the release of central bank digital currencies. Blockchain could be a way to utilize government-backed digital assets, which are more efficient and faster [&hellip;]
- [North Korean Hackers Stole $400M Worth of Crypto In 2021: Chainalysis](https://diutocoinnews.com/2022/01/north-korean-crypto-hackers-stole-400m/): Dictator Kim Jong-Un nation of North Korea crypto hackers stole almost $400 million in crypto through cyber attacks in 2021 according to new data from Chainalysis on the hostile nation, facing various global economic sanctions. According to cointelegraph report, the type of crypto stolen has also seen a sea change according to the Jan. 13 report from the blockchain analytics firm. In 2017, BTC accounted for nearly all the crypto stolen by the DPRK, but it now accounts for just one fifth: “In 2021, only 20% of the stolen funds were Bitcoin, whereas 22% were either ERC-20 tokens or altcoins. And for the [&hellip;]
- [Dogecoin Payment Goes Live On Tesla Online Stores.](https://diutocoinnews.com/2022/01/dogecoin-payment-goes-live-on-tesla/): Tesla customers can now purchase the electric car merchandise like belt buckles, chargers, and other merchandise starting today. Dogecoin (DOGE) payments went live on the Tesla store in Asian hours on Friday, with prices seeing an 11% increase shortly afterward. Coin Desk report shows that the store displays pricing information in both U.S. dollars and dogecoin. The Giga Texas Belt Buckle lists for 835 DOGE (≈$155.5); the Cyberquad sells for 12,020 DOGE (≈$2,296), while a Cyberwhistle goes for 300 DOGE (≈$57). Dogecoin was trading at $0.19 at the time of writing and is the world’s 11th largest cryptocurrency with a market capitalization of $24 billion. [&hellip;]
- [Nigeria Lending Apps Trapping Users Into Huge Debts: Experts](https://diutocoinnews.com/2022/01/fintech-lending-app-in-nigeria-debt/): One of the most thriving and commonly developed fintech apps in Nigeria is the digital lending apps or personal loan apps, making it easier for Nigerians to access disposable income especially when broke and in need of urgent cash, but the abuse on part of both players; the users and the app owners is becoming worrisome. They are strewn all over the app stores, prodding users to take one form of a loan or another to fulfil immediate financial needs. Owolabi Jaiyeola, a financial expert says it is a two-edged sword. He says “While these apps are there asking users to [&hellip;]
- [Wikipedia Faces Attack For Accepting Crypto Donations.](https://diutocoinnews.com/2022/01/wikipedia-attacked-over-crypto-donation/): Wikimedia, the non-profit foundation that owns Wikipedia, is on the shopping block of environmental activists over its policy of accepting cryptocurrency as a form of donation. A proposal to the foundation from contributor Molly White, who goes by the user name GorillaWarfare, argues that accepting donations in cryptocurrencies such as bitcoin, bitcoin cash and ether signals endorsement of digital coins, which are “inherently predatory” as investments and don’t align with the foundation&#8217;s commitment to environmental sustainability. The contributor argues that Wikipedia risks damaging its reputation by accepting crypto donations, citing the recent decision by non-profit peer, Mozilla, to pause accepting donations in crypto.
- [Breaking ! Nigeria Govt Lifts Twitter Ban After 214 Days.](https://diutocoinnews.com/2022/01/nigeria-twitter-ban-lifted/): Nigeria has lifted the arbitrary suspension it placed on Twitter operations in the country, effective from 12 am, January 13, 2022. The announcement was contained in a press statement on Wednesday signed by the Director-General of the National Information Technology Development Agency and Chairman Technical Committee Nigeria-Twitter Engagement, Kashifu Abdullahi. The statement read in part, “The Federal Government of Nigeria directs me to inform the public that President Muhammadu Buhari, has approved the lifting of the suspension of Twitter operation in Nigeria effective from 12 am tonight, January 13, 2022. “The approval was given following a memo written to the President [&hellip;]
- [Nigeria Fintech Loan App Declares Defaulters Dead Circulating Fake Obituaries.](https://diutocoinnews.com/2022/01/loan-app-declares-defaulters-dead/): A fintech micro loan company has been accused of falsely declaring defaulters dead, creating and circulating the obituaries of such persons to family and friends. A customer, Azuwuike Chinedu Achiever recently shared his experience with the loan company on social media. He said he had defaulted in his repayment plan for five days and the next thing he saw was his obituary. On a public group on Facebook, another customer of a loan app, Victoria Eyo Ekpo revealed she was also a victim and vowed not to repay the loan. She said, “This is what Deloan (app) sent to me oooo. [&hellip;]
- [OKEx will launch UST and USDC DeFi Staking](https://diutocoinnews.com/2022/01/okex-usdc-defi-staking/): OKEx will launch UST DeFi staking and USDC staking services at 07:00 (UTC) on Jan 13, 2022. Users will be able to stake UST and USDC with just few clicks and earn yield in return. Read Also: Trade Moonbeam Network’s GLMR token on OKEx How to stake UST and USDC Web: On the OKEx homepage, hover over “Finance” in the top menu and click Earn in the drop-down menu. On the Earn page, you can find UST and USDC via the search box or by scrolling through the list of assets. Click Select to see staking information and then click Subscribe [&hellip;]
- [Kim Kardashian and Floyd Mayweather Jr Sued For EthereumMax Tokens](https://diutocoinnews.com/2022/01/kim-kardashian-floyd-mayweather-sued-cryptocurrency/):  Kim Kardashian and Floyd Mayweather Jr. were sued for allegedly scamming investors in a cryptocurrency called EthereumMax. The reality television star and ex-boxing champion were paid to hype the blockchain-based digital tokens to their fans, “causing investors to purchase these losing investment at inflated prices.&#8221; According to Reuters, the lawsuit, filed Jan. 7 in Los Angeles federal court, claims the celebrities touted tokens sold by EthereumMax, or EMAX, in order to boost its price and make themselves a profit &#8220;at the expense of their followers and investors.&#8221; &#8220;The company&#8217;s executives, collaborating with several celebrity promoters &#8230; made false or misleading statements [&hellip;]
- [Trade Moonbeam Network’s GLMR token on OKEx ](https://diutocoinnews.com/2022/01/trade-moonbeam-networks-glmr-token-on-okex/): OKEx have enabled the trading of Moonbeam Network’s GLMR token on the spot trading markets. Trading of GLMR is open to only USDT market: 1. GLMR deposits is open and available for spot trading 2. Spot trading for GLMR/USDT is available now 3. GLMR withdrawals is also open for users. Moonbeam is a para chain on the Polkadot network and supports smart contracts. The protocol benefits from the security and flexibility of the Polkadot ecosystem and aims to provide a rich development environment for Ethereum developers, making the Polkadot ecosystem more accessible for them. The protocol&#8217;s native token is Glimmer (GLMR). [&hellip;]
- [NIMC Cybersecurity Update : Our Servers Not Breached- DG](https://diutocoinnews.com/2022/01/nimc-not-breached-dg/): The National Identity Management Commission has refuted the claim made by a hacker, self identified as Sam that its servers were breached, stating that such never happened and noting that the commission servers have been fully optimised at the highest international security levels. NIMC Director-General, Aliyu Aziz, said this in a statement on Tuesday, which was made available to The PUNCH and signed by the NIMC Head of Corporate Communications, Kayode Adegoke. The statement titled ‘NIMC Servers Are Most Secure for Identity Management’ comes after a hacker, who is simply known as ‘Sam’ took to his Twitter account (@_Sam0_0) claimed that [&hellip;]
- [Standard Chartered Bank To Closedown Half Of Nigeria Branches.](https://diutocoinnews.com/2022/01/standard-chartered-bank-closes-branches/): Standard Chartered Plc announced plans to shutdown near half of its Nigerian branches to refocus on digital banking, owing to growing population adaptation to digital finance and mobile money providers. According to a document obtained by Bloomberg News, Standard Chartered is instead strengthening mobile banking and recruiting agents to reach new customers and handle cash deposits and withdrawals across Africa’s biggest economy, said the people, who asked not to be identified because they aren’t authorised to speak publicly. A spokesperson for the bank declined to comment and said it would address future plans at the “appropriate time.” The shift by StanChart [&hellip;]
- [Mozilla Firefox Suspends Crypto Donations.](https://diutocoinnews.com/2022/01/mozilla-firefox-suspends-crypto-donations/): The Mozilla Foundation the non profit arm of Firefox browser has temporarily stopped ability to accept donations in cryptocurrencies following a backlash from scores of people, including a founder of the Mozilla Project. According to Techcrunch, the foundation, which oversees the development of the Firefox browser, on Thursday acknowledged conversations around the environmental impact that cryptocurrencies potentially pose and said it is reviewing whether its current policy on crypto donations “fits with our climate goals.” “Decentralized web technology continues to be an important area for us to explore, but a lot has changed since we started accepting crypto donations,” the foundation [&hellip;]
- [Hacker Takes Over National Identity Management Commission Server. Over 3 Million Nigerians Identity Informations Stolen.](https://diutocoinnews.com/2022/01/hackers-takes-over-nimc-server/): A hackers who identified as Sam has allegedly hacked into the server of the National Identity Management Commission NIMC and stolen three million National Identity Numbers of Nigerians. SaharaReporters reports that the hacker disclosed how easy it was for him to breach the NIMC server and access personal information of millions of Nigerians in an article he shared on a website. The report says&nbsp;the hacker boasted that he got access to “juice” on the Nigerian Government agency’s server and that he could go-ahead to do whatever he desired with other sensitive data at his disposal. Displaying a defaced National Identity card [&hellip;]
- [Binance CEO CZ is the Richest Crypto Billionaire at $96B: Bloomberg](https://diutocoinnews.com/2022/01/richest-crypto-billionaire/): Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion. Changpeng Zhao is now the richest person in the whole continent of Asia, surpassing Mukesh Ambani. Ambani is the richest man in Asia before CZ took over. According to Bloomberg CZ ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange in terms of trading volume across the world. CZ, the 44-year-old crypto entrepreneur, overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his holdings such as Bitcoin (BTC) and the exchange’s in-house [&hellip;]
- [Crypto Price Prediction For The Week : Bitcoin Price Likely To Drop ? BNB, Ethereum, Avalanche](https://diutocoinnews.com/2022/03/bitcoin-price-prediction/): The bitcoin price has broken back above $40,000 per bitcoin as traders welcome the Federal Reserve&#8217;s steady approach to raising rates and despite the looming threat of increased regulation. Ethereum, BNB, XRP, solana, cardano have also rallied, with recent challengers Terra&#8217;s luna and avalanche making outsized gains. Interest in bitcoin and other cryptocurrencies like ethereum, BNB, XRP, solana and cardano has surged over the last few months as inflation fears engulf investors. In the U.S. prices have increased by 7.9% in the year through February—the highest rate of inflation in 40 years. However, Beard&#8217;s bitcoin price prediction requires bitcoin to break out [&hellip;]
- [Top Three ReFi Token Platforms that Can Explode in 2022.](https://diutocoinnews.com/2022/03/top-refi-token-platforms/): These Top three ReFi tokens platform resides on ethereum blockchain platform. Regenerative Finance (ReFi) means to contribute for common good where the cause of capital giving is the main aim of giving not the return in giving.&nbsp; Let’s start with the new approach to regenerative finance which was previously known or practiced as Impact Investing. The new approach to ReFi is to give capital for the good of a cause where the end isn’t the return on capital but the progressive good of the cause. The top three Refi tokens platforms includes: Gitcoin: Gitcoin (GTC) is an Ethereum token that enables [&hellip;]
- [DeFi, Pancakeswap To be Accessed Through Binance App.](https://diutocoinnews.com/2022/03/binance-to-integrate-pancakeswap-into-binance-app/): Binance recently announced plans to integrate the popular decentralized exchange PancakeSwap into its app, also the global crypto exchange announced the non-custodial Binance DeFi Wallet enabling users to switch between Binance and DeFi. CAKE, the native token of PancakeSwap, a decentralized exchange (DEX) built on the Binance Smart Chain, was up as much as 27% in the last 24 hours. This comes after PancakeSwap announced a partnership with the world’s largest cryptocurrency exchange, Binance. The token was trading around $5.50 prior to the announcement and reached $7.00 afterwards. At press time, the token was trading at around $6.40. The partnership launches a &#8220;PancakeSwap [&hellip;]
- [Mandela’s Robben Island NFT Floor Price Price Sells at $850 on Nifty Gateway](https://diutocoinnews.com/2022/03/mandela-robben-island-nft/): Nelson Mandela produced a series of five artworks, depicting his time spent in confinement on Robben Island, in the early 2000s. The artworks and a handwritten motivation has been minted and now sells as non-fungible tokens or NFTs by the London-based auction house, Bonhams. A single image as an NFT, The Cell currently sells at a floor price of $850 with 44 editions. The Lighthouse with 30 Editions currently has no Floor Price but was auctioned at $700. The other nft images currently sells as follows: The Church: This NFT image of the House of Mandela Art sells at a floor [&hellip;]
- [Number of Bitcoin Savvy Youths to Increase With Increasing Number of Smartphones Users In Nigeria](https://diutocoinnews.com/2022/03/bitcoin-smartphone-users-nigeria/): Bitcoin smartphone users in Nigeria are steadily growing. Share of respondents who indicated they either owned or used cryptocurrencies in 56 countries worldwide from 2019 to 2021 according to Statista had Nigeria covering 42% of the respondents. Only 10 to 20 per cent of the population uses smartphone while the rest rely on more traditional mobile phones, that is limited to voice calls and text messages. Estimates from various sources suggest the number of bitcoin smartphone users in Nigeria is between 25 and 40 million. The data also suggests very strong growth over the next 4 years, which if estimates prove [&hellip;]
- [African DeFi Treasury In Rwanda Wasoko, Secures $125 Million Funding.](https://diutocoinnews.com/2022/03/rwanda-defi-treasury-secures-funding/): Wasoko, formerly Sokowatch, has raised $125 million in a series-B funding round that reportedly values the last-mile distribution and logistics African company at $625 million. Wasoko allows retailers from Kenya, Tanzania, Rwanda, Uganda, Ivory Coast, and Senegal to order products from suppliers via SMS or its mobile app for same-day delivery to their stores and shops via a network of logistics drivers. The round was led by Tiger Global and Avenir Growth Capital with a slew of participants that included: VNV Global, Binny Bansal, co-founder of Flipkart, Sujeet Kumar, co-founder of Udaan, Quona Capital, 4DX Ventures, Golden Palm Investments, JAM Fund. [&hellip;]
- [Cross-border Payments Provider Afriex Receives Funding From Stellar DF](https://diutocoinnews.com/2022/03/afriex-stellar-funding/): The Stellar Development Foundation (SDF) has announced the launch of the $30 Million Matching Fund which takes a novel approach by co-investing alongside investors globally, matching investments raised from a lead investor up to $500,000.&nbsp; The Fund is for pre-seed to Series B companies interested in building on the Stellar blockchain and provides a new opportunity for early-stage companies to augment their existing fundraising efforts. The Fund’s first four investments includes Afriex a cross-border payments service provider for free remittance in Africa. SDF announced its support on a range of companies working on diverse markets and use cases, from payroll in [&hellip;]
- [DEX Finance To Offer dexETF and dexIRA Money Markets To Simplify Complex Trading Strategies on Web3.0](https://diutocoinnews.com/2022/03/dex-finance-money-market-etf-ira/): DEX Finance Money Market is set to release it&#8217;s newest offerings dexETF and dexIRA on its Money Markets platform to simplify Complex Trading Strategies on Web3.0 What is DEX Finance ? Dex Finance&nbsp;aims to empower investors to earn the highest possible returns on their cryptocurrency with the lowest possible risk. This is possible through a unique protocol that simplifies the complex trading methods used by experienced crypto traders, thus offering safe and sustainable yields. Dex Finance will soon launch its&nbsp;Money Market&nbsp;suite inclusive of USDEX, dexSHARE, and dexETF. All three will be part of a single algorithmic protocol that will work in [&hellip;]
- [OKX Opens Deposit for APE Coin and Spot Trading for APE/USDT](https://diutocoinnews.com/2022/03/trade-apecoin-on-okx/): OKX is pleased to announce the listing of ApeCoin’s APE token on our spot trading markets. Trading of APE&nbsp;will start according to the following schedule: APE deposits open at&nbsp;09:30 pm UTC on Mar. 16 Spot trading for APE/USDT will open&nbsp;once the deposits meet the minimum liquidity requirement. APE withdrawals open at&nbsp;10:00 am UTC on March 18 APE acts as an open-source protocol layer for the APE ecosystem and allows third-party developers to integrate APE into new and existing projects (services, blockchain-based games, etc.). APE was launched with the intent of handing control of the APE ecosystem to existing BAYC and MAYC [&hellip;]
- [Create Posts, Complete Tasks, Verify Account to Earn XTM Rewards on Torum SocialFi Platform](https://diutocoinnews.com/2022/03/torum-socialfi-platform/): Torum SocialFi platform is a Web 3.0 social media platform where users can create posts and make threads on different topics.  Torum SocialFi platform allows verified users to create posts on the platform and complete daily, weekly and monthly missions and earn rewards in XTM tokens. Torum Platform Features:  Engage in our community building program and complete designated missions to receive XTM rewards. Unite with everyone, spread positive vibes and have fun! Crypto-Focused Atmosphere Get to know like-minded Landers and talk about cryptos all day with crypto-themed emotes and gifts. You can&#8217;t find these anywhere else on the planet. Exclusive Non-Tradable [&hellip;]
- [Trade Zebec Protocol's ZBC Token on OKX on Spot Trading Market](https://diutocoinnews.com/2022/03/trade-zebec-token-on-okx/): OKX is pleased to announce the listing of Zebec Protocol’s ZBC token on our spot trading markets. Trading of ZBC will start according to the following schedule: ZBC deposits open at 6:00 am UTC on March 16 Spot trading for ZBC/USDT opens at 10:00 am UTC on March 16 ZBC withdrawals open at 10:00 am UTC on March 17 Register Now to Trade ZBC Zebec is a DeFi technology that empowers real-time, frictionless and continuous streams of payments, which is a continuous settlement protocol on Solana. The automatic money streams made possible through Zebec allow businesses, employees and consumers to completely [&hellip;]
- [Just In: Ukraine President Signs Virtual Asset Bill Into Law Legalising Crypto.](https://diutocoinnews.com/2022/03/ukraine-legalises-crypto/): Ukrainian President Volodymyr Zelenskyy, today legalized crypto in the country, signing into law a bill on virtual assets, following huge digital asset donations to support the country&#8217;s defense against a Russian invasion. According to CoinDesk, the law determines the legal status, classification, ownership and regulators of virtual assets, as well as setting registration requirements for crypto services providers, the Ministry of Digital Transformation said in a statement Wednesday. The market will be regulated by Ukraine&#8217;s National Commission on Securities and the Stock Market. Exchanges will be able to operate legally, and banks will open accounts for them, the digital ministry said in a tweet. [&hellip;]
- [NFT Is Coming To Instagram, Meta CEO Confirms.](https://diutocoinnews.com/2022/03/nft-is-coming-to-instagram-mark-zuckerberg/): During panel discussion at SXSW (South by Southwest) conference Mark Zuckerberg announced that his company plans to introduce NFTs into it&#8217;s video and pictures sharing platform; Instagram. “We’re working on bringing NFTs to Instagram in the near term,&#8221; Meta (FB) CEO Mark Zuckerberg said at a panel at Austin’s South by Southwest Festival on Tuesday, according to a tweetfrom Engadget Senior Editor Karissa Bell. Zuckerberg added, however, that “I’m not ready to kind of announce exactly what that’s going to be today.” Last October, Meta famously changed its name from Facebook to focus on its Metaverse related projects. Company&nbsp;reports from the [&hellip;]
- [Microsoft Ventures Into Web 3, Invests In Ethereum co-founder's Startup.](https://diutocoinnews.com/2022/03/microsoft-ventures-into-web-3/): Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion in a funding round backed by Microsoft. According to CNBC report, the cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan&#8217;s SoftBank and Singapore&#8217;s Temasek also joining as new investors in the company. New York-headquartered ConsenSys was founded in 2014 by Joseph Lubin, a co-founder of Ethereum. Ethereum is the blockchain platform behind ether, the world&#8217;s second-biggest cryptocurrency. Whereas bitcoin is mostly used for transactions, Ethereum can be used to create decentralized applications, or dapps — think Facebook or TikTok, but [&hellip;]
- [South African Regulator FSCA Explains Reasons Behind Strict Regulations on Global Crypto Operators.](https://diutocoinnews.com/2022/03/south-africa-crypto-regulation-2/): South Africa Crypto Regulation Brandon Topham, the head of enforcement at South Africa’s financial sector conduct authority (FSCA), has said that the organization has targeted global cryptocurrency exchanges operating in the country because they “offer a derivative product with crypto as the underlying or reference asset.” As previously reported, the South African regulator issued public warnings against global crypto exchange platforms such as FTX, Binance, and Bybit. The regulations issued by the regulator have created unconducive environment for global exchange operators.&nbsp; Some selected crypto exchanges operating in the country has been forced to discontinue certain services due to the strict regulations. [&hellip;]
- [New Token Listings To bag On PancakeSwap.](https://diutocoinnews.com/2022/03/new-token-listings-pancakeswap/): Early investors enter trading around the time of the ‘technology trigger’. In crypto, these are savvy investors that search out the hottest new coins on decebtralised exchanges like Pancakeswap (and other DEXes like Uniswap), institutions, insiders, and experienced swing traders. Retails investors end up buying at the ‘peak of inflated expectations’ – in crypto, that’s usually when buying with a credit becomes a gambling venture on as simple an exchange as Binance. The Best New Tokens on PancakeSwap Obviously, not all new tokens listed on PancakeSwap are worth your time or money. In fact, many aren’t. That is why we have [&hellip;]
- [ITU Begins Crypto, CBDC Standardisation](https://diutocoinnews.com/2022/03/itu-cbdc-standardisation/): The International Telecommunication Union (ITU) has begun a global process to standardise the use of cryptocurrency, stablecoins and central bank digital currencies (CBDCs). The ITU hosted a three-day conference last week, to discuss how CBDCs and stablecoins can bring efficiency to financial inclusion and payment systems. The gathering also sought to identify common patterns in digital architecture that could become areas for global standardisation. The ITU said standards development needs to be influenced by all players in the ecosystem – all the communities and organisations that will come to rely on the resulting standards − hence it hosted the DC³ Conference. [&hellip;]
- [OKX Jumpstart - Participate in the ORB (KlayCity) Sale Details Now!](https://diutocoinnews.com/2022/03/okx-jumpstart-klaycity-orb/): We are pleased to announce that ORB (KlayCity) will be part of our token sale project on OKX Jumpstart starting at 2:00 am UTC on Mar. 21, 2022. I. Subscription Details 1.Time: 2:00 am UTC to 10:00 am UTC on Mar. 21, 2022 2.Sale price: 1 ORB = $0.035 3.Exchange ratio: To be confirmed by the OKB price at 4:00 pm UTC on Mar. 21, 2022 before subscription day 4.Session supply: Allotment session: 10,000,000 ORB; Over-subscription limit: N/A 5.Subscription rules: Minimum subscription amount for individuals: 1 ORB; Maximum subscription amount for individuals: 50,000 ORB 6.Allotment coefficient: Please view the OKX Jumpstart [&hellip;]
- [Analysts Predict Naira to Drop to Over N600/$1 at Parallel Market By End of 2022](https://diutocoinnews.com/2022/03/naira-parallel-market-2022/): The analysts see significant depreciation across major foreign exchange windows with the official interbank window, the Investor and Exporters (I&amp;E) window FX rate at N482/$1 before end of 2022. This development would also be replayed in the parallel market where the current rate of N583/$1 is expected to cross the N600 mark by year end.&nbsp; This goes down to the Naira to USDT rate at the crypto market. More traders at this point will end up hoarding USDT hoping to make gains with it by year end. For an economy that is import dependent, this would lead to higher cost of [&hellip;]
- [Futures Trading on DEX: PancakeSwap Opens Perpetual Trading Features ](https://diutocoinnews.com/2022/03/pancakeswap-dex-perpetuals-trading/): PancakeSwap, the largest decentralised trading platform on Binance Chain (BNB Chain) announced the launch of its new feature on its decentralised (dex) trading platform. PancakeSwap perpetual trading features was launched in partnership with ApolloX, a dex perpetual service provider. Traders on PancakeSwap can enjoy deep liquidity and tight spread on a wide selection of futures contracts right away.&nbsp; The trading infrastructure is designed with off-chain order-book matching and on-chain settlement, allowing important trading features like different types of orders (e.g. limit order, stop limit, post only) while maintaining the privacy and security of a DEX — i.e. does not require KYC, [&hellip;]
- ["I won't Sell" My Bitcoin, Ethereum and Dogecoin, Tesla Billionaire Tweets.](https://diutocoinnews.com/2022/03/elon-musk-not-selling-his-bitcoin/): Dogecoin, Bitcoin and Ether price briefly rallied up on Monday following Tesla CEO Elon Musk tweet that he still owns the cryptocurrencies and won’t sell. Bitcoin and cryptocurrency prices have been under pressure through most of 2022, with the bitcoin price losing almost 20% so far this year. The ethereum price and other major cryptocurrencies have also fallen sharply as bullish investors balk at the prospect of rising interest rates and a slow down in pandemic-era stimulus measures. Billy Bambrough, tech finance Analyst, noted that as a general principle, for those looking for advice from this thread, it is generally better [&hellip;]
- [Web 3.0 Tokens Are Taking Over Crypto Trends As Metaverse Hype Slows.](https://diutocoinnews.com/2022/03/web-3-crypto-tokens-taking-over/): The emerging ecosystem is expected to grow from around $1.5 trillion to almost $50 trillion by 2030. &nbsp;Web 3.0 is the most significant disruption to the internet since the internet was invented. But what in the world is Web 3.0, beyond the Bitcoin bubble? Well, it’s a bit of a people’s revolution actually. A few companies ala Facebook, Google, Amazon and Twitter control too much of the internet as we know and experience it today i.e. Web 2.0. Now there’s a movement to snatch some of that power back and the umbrella term Web 3.0 broadly defines the different vectors in [&hellip;]
- [Reddit Alexis Ohanian and Polygon Web 3.0 $200 Million Initiative To Boost Web 3.0 Projects.](https://diutocoinnews.com/2022/03/polygon-reddit-web-3-0-200-m-initiative/): Polygon and Alexis Ohanian’s venture capital firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social media and Web 3.0 recently. The initiative will focus on gaming applications and social media platforms built on Polygon’s infrastructure.  Ohanian co-founded Reddit in 2005, left in 2010 and returned as executive chairman in 2014 to lead a turnaround before resigning in 2020. He has been a seed investor in several prominent tech and blockchain firms such as Coinbase, Instacart, Sky Mavis — the developer of Axie Infinity — and Patreon. As an Ethereum scaling solution, Polygon’s ecosystem has [&hellip;]
- [Chinmark Investment Ponzi Scheme Bites The Dust, Billions In Investors' Funds Lost.](https://diutocoinnews.com/2022/03/chinmark-investment-collapses/): Popular return on investment company in Nigeria, referred to as a Ponzi scheme, Chinmark Investment group has stopped operations, leaving many of its numerous investors whose funds are trapped in confusion as the company ceases activities. Marksman Chinedu Ijioma, CEO of Chinmark has asked investors to give the company 60 days to repay investors funds, but investigaton shows that deeds of ownership of most of the properties registered in Chinmark&#8217;s name are being changed to an entire new ownership raising questions as to the sincerity of the company in offsetting it&#8217;s debts amounting to billions. Chinmark as known is a business [&hellip;]
- [Naira Drops To 581 To A Dollar At P2P Market.](https://diutocoinnews.com/2022/03/naira-falls-to-581-1-at-p2p-market/): Naira loses at the Peer-to-Peer (P2P) market on Friday to trade at N581.2/$1, representing a 1.1% depreciation compared to N575/$1 that it had maintained in the previous three trading sessions. The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&amp;E) window. The exchange rate at the I&amp;E window depreciated further by 0.04% on Thursday to close at N416.67 to a dollar compared to the N416.5/$1 recorded in the previous day. Recall that the exchange rate had depreciated in the previous trading session by 0.12% from N416/$1. On the other hand, the [&hellip;]
- [StepN A Web 3.0 Move-To-Earn With SocialFi/GameFi Elements on Solana Blockchain.](https://diutocoinnews.com/2022/03/stephn-socialfi-launches-on-solana/): StepN: The Overview STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is built around an essential daily activity for most people – moving around. The first project to effectively bring to life a functioning move&amp;earn concept, finishing 4th out of 500+ projects at the Solana Ignition Hackathon 2021. The project is founded by Jerry Haung, who has decades of experience in game development and marketing, who has developed notable games with top ranking on iOS stores. Also, Yawn Ring, a crypto angel investor and start-up incubator, experienced in scaling businesses and Startups. Users equip themselves with [&hellip;]
- [African Fintech Platform, Sudo Africa Providing API For Developers Raises $3.7 Pre-seed Funding.](https://diutocoinnews.com/2022/03/sudo-africa-raises-3-7-million-pre-seed/): A fintech platform that provides a card-issuing API for developers and businesses in Nigeria, Sudo Africa has raised $3.7 million in pre-seed funding. San Francisco-based Global Founders Capital (GFC) led the round. Participating VCs include Picus Capital, LoftyInc Capital, Rallycap Ventures, Kepple Africa, Berrywood Capital, ZedCrest and Suya Ventures. Several African fintech founders such as Olugbenga ‘GB’ Agboola, Ham Serunjogi and Odun Eweniyi are investors in the company too. Like many API-led fintechs, card-issuing API (pioneered by the likes of Rapyd, Ayden and even Stripe globally) is&nbsp;increasingly&nbsp;getting attention from investors who think it’s the next big thing in a sector that has attracted [&hellip;]
- [Decentralized SocialFi Web 3 Platform Boom Debuts With NFT Airdrops.](https://diutocoinnews.com/2022/03/socialfi-platform-boom-nft-airdrop/): Boom, a decentralized SocialFi platform, has announced the launch of its application on the App Store and Google Play, and released its Android file download.  There is massive hype in the nonfungible token (NFT) and cryptocurrency markets. Unfortunately, this has resulted in fake NFTs on Web2 social platforms such as Twitter, Instagram and Discord. Some users may screenshot or download an NFT image, then use it as a profile picture without actually owning the NFT. In doing so, this negates the purpose of owning an NFT with true blockchain technology.&nbsp; With this in mind, Boom has solved most issues that users and creators face on Web2 [&hellip;]
- [Quidax Becomes the First African Crypto Exchange to be Listed on CoinMarketCap](https://diutocoinnews.com/2022/03/quidax-listed-on-coinmarketcap/): Last week Africa founded cryptocurrency exchange, Quidax, announced that its crypto markets had been listed on CoinMarketCap, the world&#8217;s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency ecosystem. With this announcement, Quidax is the first fully African-owned crypto exchange to be listed on CoinMarketCap. This listing represents a milestone for crypto in Africa. In an email to its customers, Quidax has stated that Blockchain is all about transparency, and we wanted to bring a little more of that into Quidax. So listing Quidax on CoinMarketCap is a great way for everyone to get reliable information on our offerings [&hellip;]
- [Elon Musk Reveals The Identity Of Satoshi Nakamoto ?](https://diutocoinnews.com/2022/03/elon-musk-reveals-the-identity-of-satoshi/): In a puzzle tweet posted today of names of leading Japanese technology giants, Elon Musk linked the name of the purpoted inventor and the mystery owner of Bitcoin to Japanese and South Korean tech companies. The tweet, many believe is Elon Musk view that Bitcoin is a creation of Japanese technology while some believe the tweet is geared towards pumping Bitcoin which has been facing lots of volatility in recent weeks. The Bitcoin&nbsp;white paper&nbsp;was the document that fired the starting gun on the cryptocurrency movement — painting the compelling vision of a peer-to-peer electronic cash system.&nbsp;‍It was&nbsp;pseudonymously&nbsp;written by&nbsp;Satoshi Nakamoto, a&nbsp;cryptographic&nbsp;pioneer who [&hellip;]
- [International Women's Day: Google Announces $1 Million Grant For Nigerian Women Entrepreneur.](https://diutocoinnews.com/2022/03/international-womens-day-google-grant-nigeria/): Google yesterday announced $1m support for African women, including Nigerian women entrepreneurs to help grow their businesses. The support, according to Google forms part of its effort to mark 2022 International Women’s Day. Head Brand and Reputation, Africa – Google, Mojolaoluwa Aderemi-Makinde, who made the announcement, said: “Research shows that 58 percent of small and medium-sized business, SMB, entrepreneurs in Africa are women. Despite this, women-run businesses show, on average, 34 percent lower profits than those run by their male counterparts. They are also less likely to receive funding and investment. This is why we are announcing a series of initiatives today, [&hellip;]
- [Do You Know What Is Regenerative Finance ( ReFi) In Crypto? A Finance Trend In Web 3.0.](https://diutocoinnews.com/2022/03/what-is-regenerative-finance-refi-crypto/): Regenerative Finance &#8211; ReFi is the internet of Finance. It&#8217;s all about decentralising funding through web. Just as the internet of information brought us new ways to browse information, the internet of finance will provide novel mechanisms to finance projects. Originally, Regenerative Finance &#8211; ReFi was established to is shift the economy by transferring control of capital to communities most affected by racial, economic, and environmental injustices. Overview As of 2018, Regenerative Finance has been in a prolonged transition, and we hope to share more about our collective learning and shifting in the future. In the meantime, we wanted to offer [&hellip;]
- [A Guide on How to Become a Web 3.0 developer in 2022](https://diutocoinnews.com/2022/03/guide-on-how-to-become-a-web-3-developer/): Web 3.0 Developer journey starts here. Technology is gradually moving from web 2.0 to web 3.0. With the emerging web 3.0 technologies like SocialFi, DeFi, GameFi , metaverse and the hype around NFTs. It will be easy to say that blockchain tech, web 3.0, is the new digital gold mine. There are currently many factors that make becoming a smart contract developer a lucrative career prospect, from the opportunity to work with technology that is having a transformational impact on the world to the great demand for smart contract developers in the talent market.   Furthermore, smart contract development skills are becoming [&hellip;]
- [CargoX, Blockchain Doc Transfer Provider Extends Deal With Egypt.](https://diutocoinnews.com/2022/03/cargox-extends-deal-with-egypt/): CargoX, a blockchain company dealing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the nation’s trade flows. Project reps say the platform has transferred more than 1,100,000 actual trade and finance documents for over 75,000 customers since its implementation. Last year, through its 80%-owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX’s Blockchain Document Transfer (BDT) service for its official NAFEZA single-window trade platform. Usage of the system became mandatory in Egyptian ports in October, and it handles more than 12,000 transactions per day. BDT is built on the Ethereum blockchain.  MTS chairman and [&hellip;]
- [Google Nigeria Customers To Pay 7.5% VAT Starting April 1st 2022.](https://diutocoinnews.com/2022/03/google-increase-vat-to-7-5-for-nigerians/): Global tech powerhouse, Google, has announced that Nigerians using its platform to do business will start paying 7.5 per cent as value-added tax, VAT, from April 1, 2022. Google said in a statement that the new rate was in a bid to comply with Nigeria’s legislation on VAT which came into effect on February 1, 2020, under the new Finance Act. Vanguard News reported that the tech giant said the VAT rate charge would be applicable to customers operating a Google business account. The Company said: “Due to new legislation in Nigeria, starting April 1, 2022, Google will be required to charge [&hellip;]
- [An Overview of (DESO) Decentralised Social Blockchain for SocialFi.](https://diutocoinnews.com/2022/03/decentralised-social-deso-blockchain-overview/): DeSo Blockchain, a SocialFi (which formerly operated as BitClout) is in principle an exemplar of what Web 3 could become. The system is built around token economics intended to help content creators get paid for their work, and users manage their DeSo assets using digital wallets analogous to MetaMask or Samourai. Other “creator token” systems, particularly Roll and Rally, have pursued related models. Decentralized Social (DESO)&nbsp;is the native cryptocurrency powering the Decentralized Social blockchain, a platform designed to support a wide variety of decentralized social media applications. DESO can be used to purchase “social tokens” and NFTs, and to create profiles [&hellip;]
- [Lens Protocol: Web 3 Social Media Platform On Polygon (MATIC) Blockchain.](https://diutocoinnews.com/2022/03/lens-protocol-web3-social-media/): Aave (AAVE), the decentralized finance lending platform, floats the Lens Protocol ecosystem on the Polygon (MATIC) blockchain as adoption to web 3 decentralised social media grows over centralized social media platforms like Twitter or Facebook. What started with an&nbsp;open letter&nbsp;to garner support around the idea that content creators should own and control their digital identities, led to developing a Web3-native social network powered by nonfungible tokens (NFTs). &nbsp; In a Twitter Spaces conversation the company hosted this week,&nbsp;Stani Kulechov, CEO and founder of Aave, described the mission behind Lens Protocol. &#8220;We wanted to build a social media protocol, or essentially a social graph, [&hellip;]
- [DeFi Guru, Andre Conje Leaves Crypto Space As Tokens Related To His Projects Fall.](https://diutocoinnews.com/2022/03/andre-conje-leaves-crypto-space/): DeFi and Blockchain engineer, Fantom Foundation technical advisor, and Yearn Finance founder Andre Cronje has exited the decentralized finance (DeFi) causing confusion among investors after deactivating his Twitter account. According to Cointelegraph report, Cronje’s long-time colleague at the Fantom Foundation Anton Nell stated in a Mar. 6 tweet that both he and Cronje were leaving the crypto space entirely. However, concerns have arisen about the fate of the roughly 25 decentralized apps (dApps) and services they have been operating up to now. Fantom Opera is a layer-2 Ethereum scaling solution. Among the affected apps and services are yearn.fi, keep3r.network, multichain.xyz, chainlist.org, bribe.crv.finance, and the new solidly.exchange. [&hellip;]
- [Peepeth SocialFi, A Web 3.0 Twitter Like DApp Where You Can Share Opinions Stored as NFT.](https://diutocoinnews.com/2022/03/peepeth-decentralised-socialfi-web-3/): Peepeth is a SocialFi decentralized alternative to Twitter; a decentralised forum. It&#8217;s unstoppable and uncensorable because Peepeth runs on the Ethereum blockchain. Rethinking social media; Peepeth is a social network (socialfi &#8211; Social Finance) for those who value mindful, responsible engagement: Features encourage thoughtful content&nbsp;while discouraging reactive and hateful posts. No ads.&nbsp;Peepeth is accountable to users, not advertisers. Peepeth gives you control of your online legacy&nbsp;because data is saved to the Ethereum blockchain. Blockchain data is open, decentralized, and immutable. The platform was created in 2017 by full stack developer, Bevan Barton as a decentralised social network that, &#8221; encourages mindful discourse [&hellip;]
- [Bullet Points You Need To Know About Web 3.0.](https://diutocoinnews.com/2022/03/web-3-bullet-points/): Web 3.0, which is the next phase of the world of the internet, is a technology that will understand and interpret the concept of data by itself. Smart technology leverages the power of artificial intelligence, machine learning, and blockchain to make real-world human communication to the next level.  The decentralised technology will provide a faster way of communication and an improved way of personalised user experience. Blockchain technology will secure user transactions and information safe and secure. • A shift from older-generation web tools, Web 3.0 combines these tools with cutting edge technologies between AI and blockchain as well as interconnection between [&hellip;]
- [Why Are Social Media Platforms Shifting To SocialFi ( Social Media On Blockchain) ?](https://diutocoinnews.com/2022/03/socialfi-social-media-on-blockchain/): SocialFi projects are gaining more attention, social media giants like Meta, Twitter and Reddit are expanding their exploration of the space through NFT integrations into their platform. A decentralized, open and user-controlled ecosystem, SocialFi protects the privacy and safety of users and the ownership of users&#8217; assets. What is SocialFi SocialFi, short for Social Finance, refers to the combination of social networking and blockchain finance. The SocialFi space lets users earn income from content creation, participation in DAO governance, NFT minting, communicating with other users, watching entertainment and gaming. Unlike the Web 2.0 social networks that we’re  familiar with, SocialFi projects [&hellip;]
- [Top Web 3 Cryptocurrencies That Will Do Well in 2022.](https://diutocoinnews.com/2022/03/top-web-3-tokens-to-buy/): As the majority of the stakeholders and investors in crypto ecosystem are trying to invent new ways to invest in blockchain and crypto, Web 3.0 is about to emerge as the cornerstone of something bigger than the tech industry ever imagined.  Web 3.0 is the new breed of the internet that aims to become the decentralized version of the virtual world. Using this network, users can interact and collaborate intelligently without worrying about the central and data-specific repositories. Web 3.0 strives for transparency, and the users will see endless resources, content, and agreements that will be accessible to all. Web 3.0 cryptocurrencies are decentralized projects that [&hellip;]
- [OKX—Manchester City FC Official Cryptocurrency Exchange Partner](https://diutocoinnews.com/2022/03/okx-partner-manchester-city/): Announcing OKX partnership with Man City ahead of its key Premier League derby match this Sunday. OKX announced its partnership with Premier League champions Manchester City — supporting the team as it heads into a key match with Manchester United this Sunday. The multi-year deal will span Manchester City men’s and women’s teams, in addition to the club’s esports operations.&nbsp; “Our partnership with City is about where football and crypto meet — the values of community and inclusivity that we share. We’re excited to collaborate with the reigning English Premier League champions, Manchester City.” The partnership comes ahead of its much-anticipated [&hellip;]
- [Crypto Scammers Targets Instagram, Hacks Accounts.](https://diutocoinnews.com/2022/03/crypto-scammers-targets-instagram/): Scammers on social media have become dynamic with their mode of operations and can cost their victims hundreds, even thousands of dollars that they’ll often never recover and health issues they may never recover from. According to the Federal Trade Commission, more than 95,000 people reported about $770 million in losses to fraud initiated on social media last year. In this WTOC report,woman shares story in hopes that it will save others from becoming victims. One week ago, Savannah resident Caitlyn Porter thought she was getting an inside track on a money-making opportunity from a cousin on Instagram. “She even talked [&hellip;]
- [Top 10 Blockchain Games (GameFi) Projects to Make You Rich in 2022. ](https://diutocoinnews.com/2022/03/top-blockchain-games-projects/): Blockchain games (gamefi) projects that could make you Rich in 2022.  Blockchain games are becoming popular within and outside the digital asset community. Today, most blockchain-based games utilize non-fungible tokens to reward players for wins. After which, they can sell those NFTs on marketplaces for cash. Experts call this approach play-to-earn, helping gamers earn money while playing their favourite crypto games. A term called GameFi Let’s take a look at the top ten blockchain games (gamefi) platforms out there. There are so many opportunities for gamers and investors alike. Here are our top 10 blockchain games (gamefi) projects Splinterlands Alien wars&nbsp; Axie [&hellip;]
- [Beware! Mercury Bank Restricts Accounts Linked To African Startups.](https://diutocoinnews.com/2022/03/mercury-bank-restricts-accounts-african-startups/): Mercury Bank, a digital bank headquartered in San Francisco, designed as bank for startups, has restricted the accounts of startups linked to the African continent, as the CEO, Immad Akhund, claimed that the restriction was due to ‘unusual activity’. Upon further questioning, Mercury, which holds over 4 billion in customer deposits for its 40,000+ businesses in over 200 countries, told some of these startups that their accounts had been flagged and placed under review by its compliance team after it noticed some “unusual activity” and couldn’t provide further details until its review was complete.  “We don’t have a definite date for when [&hellip;]
- [As Bitcoin Rallies To $45k Mark, Is Pull Back Imminent ?](https://diutocoinnews.com/2022/03/bitcoin-price-prediction-pull-back/): The price of bitcoin has witnessed growth movement to a two week high above $45,000 this week, climbing more than $10,000 over the last seven days. Russia’s invasion of Ukraine initially sparked a mass sell-off, causing BTC to plummet from $39,000 to below $35,000 at the end of last week. The cryptocurrency bounced back almost as quickly as it crashed, with some analysts pointing to bitcoin’s ability to serve as a safe-haven asset during times of geopolitical uncertainty. Ukraine’s request for bitcoin and Ethereum (ETH) donations over the weekend prompted millions of dollars worth of cryptocurrency to be given towards the eastern European country’s [&hellip;]
- [Nigeria To Build It's First Nuclear Power Plant As Security Concerns Grow.](https://diutocoinnews.com/2022/03/nigeria-to-build-nuclear-plant/): The Director General of the Nigerian Nuclear Regulatory Agency, Dr Yau Idris, said that the agency has commenced the bidding process in preparation for the construction of a 4000 megawatts nuclear power plant in the country. Dr Idris disclosed this while speaking during the Nigerian International Energy Summit in Abuja, yesterday. According to him, the nuclear power plant is projected to become Nigeria&#8217;s largest power plant, and could significantly improve the West African country&#8217;s power generation capacity. Meanwhile, there have been concerns about Nigeria&#8217;s ability to manage a nuclear power plant, considering the delicate nature of such a project as well [&hellip;]
- [Nigeria Set To Launch 5G Internet Network, Issues Guidelines.](https://diutocoinnews.com/2022/03/nigeria-set-to-launch-5g-network/): Nigeria’s federal government in Abuja announced official hand over of Spectrum Allocation for 5G deployment to the Nigerian Communications Commission (NCC). The Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami, who doubles as the Chairman of the National Frequency Management Council (NFMC), did the official handover of the Spectrum Allocation for 5G licence to the NCC during a workshop on the National Policy on 5G Networks and handover of Spectrum Allocation for deployment, in Abuja. Aside the official handover of the 5G spectrum to the NCC, the Minister also did an official public handover of the National Policy on [&hellip;]
- [Naira Drops At N580 To A Dollar At Black Market Today As Forex Demand Grows.](https://diutocoinnews.com/2022/03/naira-drops-to-n580-to-a-dollar/): The exchange rate at the parallel market fell on Monday to close at N580/$1, representing a 1.22% decline compared to $573/$1 recorded in the previous trading session, according to information obtained from BDC operators. Nairametrics is reporting that FX turnover at the official market dropped by 40.23% to $80.32 million on Monday from $134.39 million recorded on Friday of the previous week. Recall that a total of $571.1 million was traded in the market in the previous week. On the other hand, the exchange rate at the Peer-to-Peer (P2P) forex market appreciated by 1.276% to trade at N572.6/$1 in the early [&hellip;]
- [Bitcoin Price Opens In March With 12.5% Increase Amidst Ukraine/Russia War.](https://diutocoinnews.com/2022/03/bitcoin-price-increases-today/): Bitcoin price recorded a move upward more than 12% on Tuesday continuing its rebound as the Russian attack on Ukraine continues and the US and Europe throws barrage of sanctions on Russia. According to CNBC report, the cryptocurrency last rose 12.5% to $44,249.08, according to Coin Metrics. That rally comes after cryptocurrency prices plunged last week as risk assets such as stocks sold off following Russia&#8217;s invasion of Ukraine. Ether jumped 10% to 2,994.29. Earlier in the day the crypto asset rose above $3,000. Market analysts said there could be a number of reasons behind the big surge in bitcoin including investors buying the [&hellip;]
- [OKX will launch TUSD and USDC Staking on OKX Earn](https://diutocoinnews.com/2022/03/okx-earn-tusd-usdc-staking/): OKX will launch TUSD and USDC staking at 03:00 am UTC on Mar. 2nd, 2022. Users can earn rewards by staking TUSD and USDC with just a few clicks Steps to Start Staking on Desktop: Navigation bar &gt; Finance &gt; Earn &gt; Search TUSD and USDC, click Select and then Subscribe. Steps to Start Staking on Mobile: Homepage > Earn > Search TUSD and USDC and click on it. Then tap Subscribe. About OKX Earn OKX Earn is a product from OKX that allows users to earn passively using their idle crypto funds. It is similar to depositing your money in [&hellip;]
- [Barcelona FC Is Building It's Own Cryptocurrency And NFT Metaverse.](https://diutocoinnews.com/2022/03/barcelona-fc-to-launch-crypto/): Leading Europe football club, Barcelona are planning to create their own cryptocurrency and launch a range of NFTs (Non-Fungible Tokens), club president Joan Laporta has confirmed. The Camp Nou chief has confirmed that the club are building their &#8220;own metaverse&#8221; in order to help them &#8220;survive financially&#8221; A number of cryptocurrency companies have approached Barca over a potential partnership since Laporta&#8217;s re-election in March, 2021. The Camp Nou chief says they have rejected those advances in favour of developing their own in-house digital currency, and has stressed the importance of being &#8220;imaginative&#8221; in order to generate additional revenue outside of football. [&hellip;]
- [What is NFT Lazy Minting – A Beginner’s Guide](https://diutocoinnews.com/2022/03/nft-lazy-minting-guide/): What is NFT Lazy Minting – A Beginner’s Guide The enormous success of the NFT usage over the last quarters is remarkable. Therefore, we are not surprised to see an ongoing innovation trend in the NFT market niche in this context. However, creating NFTs can be a struggle on several occasions, especially for new traders and artists. Today we will look into the lazy minting practice, an innovative idea that has recently become popular in the blockchain industry. Before doing that, however, it is essential to spend a few words on the general minting process. Understanding minting Anyone familiar with the [&hellip;]
- [MTN Buys 144 Plots of Digital Land In Metaverse, Becomes First African Org To Enter Metaverse.](https://diutocoinnews.com/2022/02/mtn-buys-digital-land-metaverse/): MTN, Africa’s largest telecommunication company, purchased 144 plots of digital land in the Africarare metaverse Ubuntuland for an undisclosed sum. MTN with this purchase laid claim to becoming the first African company to enter the metaverse.&nbsp; TechCabal reports that Ubuntuland is being developed by Africarare and Mann Made Media and will be open to public land sales later this year. Ubuntuland will showcase some of the best of African art, fashion, entertainment, sport, tech and creativity and will provide a platform for artists from across the continent to showcase their work. Africarare is the first South African metaverse, housing digital land with roots [&hellip;]
- [South Africa Set To Introduce Crypto Laws, The First In Africa, Setting The Pace In Crypto Adoption.](https://diutocoinnews.com/2022/02/south-africa-crypto-law-in-2022/): The recent February, 2022 South Africa budget documents, proposes to include crypto asset service providers as accountable institutions within the country’s Financial Intelligence Centre (FIC) Act will be finalized in 2022. The changes to the law will mainly focus on the twin errors of anti‐money‐laundering (AML) and counter-financing of terrorism CFT). The ministry’s latest budget review document reads: “This change would address concerns around money laundering and terror risk financing through crypto-assets and align the act to the standards set by the FATF for virtual assets and related service providers.” FATF, which stands for Financial Action Task Force, a global advisory [&hellip;]
- [Nollywood First NFT Film Premiers.](https://diutocoinnews.com/2022/02/nigeria-first-nft-film-premiers/): Nigerian-British filmmaker Kenim Obaigbena unveiled the industry&#8217;s first ever NFT short film, her 2020 production titled &#8216;A Second Husband&#8217;. The film starring Osas Ighodaro in the lead role alongside Ade Laoye, Ibrahim Jammal, Udoka Oyeka, and Diana Yekinni, is now available to the public via YouTube. &#8216;A Second Husband&#8217; follows the story of a high-class lady who goes against societal standards by practising polyandry when she takes in a second husband- a much younger man leaving her first husband to handle the consequences of her actions. Shot in Lagos via Kenim&#8217;s OVG media production company, the official trailer debuted last year [&hellip;]
- [Russia to Reportedly Exploit SWIFT Sanctions to Reduce Dollar Hegemony Against Digital Ruble](https://diutocoinnews.com/2022/02/russia-digital-ruble/): Russia is reportedly intending to exploit the SWIFT sanctions to launch digital ruble which in the most extreme case will see its bank branches and accounts across countries blocked. In a recent analysis by Nandini Tandon on Twitter, she said that the Calls to exclude Russia from SWIFT are not new and have been there since 2014 (Crimea annexation).&nbsp; He explained that in 2014, Moscow has been vigilant all along. Russia developed its payment system, System for the Transfer of Financial Messages (SPFS) against SWIFT.&nbsp; But then China has created a more international friendly payment system against Russia&#8217;s own which had [&hellip;]
- [Bitconnect Crypto Exchange Founder Charged For $2.5 Billion Crypto Ponzi Scheme.](https://diutocoinnews.com/2022/02/bitconnect-founder-charged-for-ponzi/): BitConnect founder Satish Kumbhani was indicted by a US grand jury on charges he orchestrated a global Ponzi scheme that raised $2.4 billion from investors in a fraudulent cryptocurrency investment platform, according to a Justice Department statement. According to Economic Times, Kumbhani, 36, was charged in San Diego with misleading investors about BitConnect’s purported propriety technology, which falsely promised returns based on phony “volatility software” that tracked cryptocurrency exchange markets, prosecutors said Friday. BitConnect used money from new investors to pay earlier ones and also operated as an unlicensed money transmitting business, the US said. BitConnect closed its exchange in January 2018 after getting [&hellip;]
- [Why You Should Invest In These Metaverse Tokens.](https://diutocoinnews.com/2022/02/invest-in-these-metaverse-tokens/): Bill Gates came out with a bold prediction in December. By at least 2025, he says, white-collar staffs will be meeting together in the metaverse.  “Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the&nbsp;Hollywood Squares&nbsp;model, although I know that probably dates me—to the metaverse, a 3D space with digital avatars. Both&nbsp;Facebook&nbsp;and&nbsp;Microsoft&nbsp;recently unveiled their visions for this, which gave most people their first view of what it will look like,”&nbsp;writes Gates. “The idea is that you will eventually use your avatar to meet with people in a virtual space that [&hellip;]
- [Elon Musk Buys Bored Ape #1837 For 600 Eth ($1.5 Million)](https://diutocoinnews.com/2022/02/elon-musk-buys-bored-ape-nft/): Popular NFT collector who goes by Derek.eth on Twitter, the top-tier Bored Ape NFT piece, under the number 1,837, has been sold to an anonymous buyer who decided to spend almost 600 ETH on it. Previously, Deepak (Derek) was selling the piece for 690.420 ETH, referring to widely known &#8220;meme numbers&#8221; that are often used by Musk in his tweets. But later on, he lowered the price for the piece to 569, most likely to sell it quicker. Justin Bieber paid $1.29 million for this NFT, while its estimated value was $208,237 as of January 29, 2022, meaning the star paid nearly 300% more than the NFT’s value. Like the famous NFT collection CryptoPunk, [&hellip;]
- [Bored Ape Floor Price Dropped 27 Eth Over The Week.](https://diutocoinnews.com/2022/02/bayc-floor-price-down-by-27-eth/): The floor prices of some of the top NFT projects, such as Bored Ape Yacht Club (BAYC), have been on a decline, some bored ape price dropped 27 Eth over the week as NFT market faces a notable pullback in the second week of February. Floor price or price floor are referred to as the lowest price instead of the average one, at which an NFT can be purchased. It shows the cheapest value a specific non-fungible token sells for. BAYC, one of the most highly regarded projects, was still down by 1.68% over the past 24-hours and currently stood at [&hellip;]
- [Hacking Group 'Anonymous' Declares Cyber War On Vladimir Putin's Govt, Takes Down Govt Website.](https://diutocoinnews.com/2022/02/hackers-takes-down-russian-govt-website/): Hacking group Anonymous have declared a &#8216;cyber war&#8217; against the Russian government after President Vladimir Putin announced a full-scale invasion of Ukraine. &#8220;The Anonymous collective is officially in cyber war against the Russian government. The Russian armed forces are preparing a large-scale bombing operation in the capital of Ukraine,&#8221; the Anonymous hacker group tweeted on Friday, February 25. Anonymous also claimed responsibility for the attack on the website of the Russia Today TV channel known as RT. &nbsp;In another tweet, the group said, &#8220;The Anonymous collective has taken down the website of the Russian propaganda station RT News.&#8221; Also, major Russian [&hellip;]
- [Global NFT Sale Grows High To A Record  Near $8 Billion Despite Crypto Crash](https://diutocoinnews.com/2022/02/nft-sale-grows-to-8-billion/): NFTs continue the explosive movement they have been on since 2021, despite the crypto market dwindling forrune in the first month of the year, global NFT sales hit a record $7.3 billion, according to data compiled by The Block. According to GoBankingRates, Tobias Batton, CEO and Co-Founder of Animoca-backed Web3 gaming publishing company Ex Populus, said that the continued upward trend of the NFT industry, even amid a slowdown of the general crypto market, is a sign that the NFT Boom of 2021 is more than just a phase. “NFTs have attracted a new class of investor to crypto: collectors, fans, mega celebrities and retail [&hellip;]
- [Bitcoin Price In The Mud, In Wake Of Russian Invasion of Ukraine. What Can Investors Do ?](https://diutocoinnews.com/2022/02/bitcoin-price-crashes-as-russia-war/): The price of cryptocurrencies are falling as Russia invades Ukraine, bitcoin price has plunged under $35,000 per bitcoin, down almost 10% over the last 24 hours, while other top ten cryptocurrencies ethereum, BNB, solana, cardano and XRP have suffered similar falls. Bitcoin&#8217;s crash in the face of mounting geopolitical tensions between Russia and Ukraine has degraded its reputation as &#8220;digital gold&#8221; and a safe haven for investors in times of crisis. &#8220;Bitcoin is performing in lock step with other so-called &#8216;risk assets&#8217; as Russia’s invasion of Ukraine sends global financial markets into a tailspin,&#8221; the trading team of the bitcoin and [&hellip;]
- [Trade pSTAKE Finance’s PSTAKE token on OKX Spot Trading Markets.](https://diutocoinnews.com/2022/02/trade-pstake-on-okx/): OKX is pleased to announce the listing of pSTAKE finance token for trading according to the following schedule: PSTAKE deposits open at 8:00 am UTC on Feb. 24 PSTAKE withdrawals open at 10:00 am UTC on Feb. 25 About pSTAKE: pSTAKE is a liquid staking protocol that unlocks the true potential of staked PoS assets (e.g., ATOM). It benefits stakers the rewards while keeping the liquidity of the asset. PoS token holders can deposit their tokens onto the pSTAKE platform to mint 1:1 pegged ERC-20 wrapped unstaked tokens represented as pTOKENs (e.g., pATOM).&nbsp; pSTAKE helps to grow Cosmos ecosystem as well [&hellip;]
- [Russian/ Ukraine War Takes A Toll On Crypto Market, Russian Born  Ethereum Founder Calls It A Crime.](https://diutocoinnews.com/2022/02/russia-ukraine-war-affects-crypto/): Ethereum co-founder Vitalik Buterin posted in native Language; Russia on Wednesday that Russia&#8217;s invasion of Ukraine &#8220;is a crime against the Ukrainian and Russian people.&#8221; In the last day, the crypto and stock markets are down and BTC is down about 8%. Why? Well, I mean, because of the obvious. Buterin Tweeted: &#8220;Very upset by Putin&#8217;s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead.&#8221; In a follow up tweet, Buterin clarified that the Ethereum organization is neutral on the war while him as individual is not. After recognizing the independence of [&hellip;]
- [Nigeria Forex Woes Continues As Importers Resort To Ghana For Forex.](https://diutocoinnews.com/2022/02/nigeria-cbn-forex-ban/): Concerns are growing among stakeholders in the importation sector in Nigeria overCentral Bank of Nigeria’s (CBN) plan to stop the sale of foreign exchange (FX) to commercial banks, saying it will drive importers to source funds from the Republic of Benin, Ghana and Togo. They said the plan would lead to a massive movement of funds outside the country, as well as affect the economy negatively. According The Guardian report, The President of the Shippers Association of Lagos (SAL), Jonathan Nicol, stated that the planned stoppage of forex to commercial banks has led to panic buying of foreign exchange and could [&hellip;]
- [Is Web 3 Domain Names the Next Big Trend?](https://diutocoinnews.com/2022/02/crypto-web-3-domain-name/): It&#8217;s been an unhinged crash for cryptocurrencies highlighting how important catching the “next big thing” can be for those speculating in the space. From Dogecoin to Shiba Inu and NFTs, the attention span of crowds can be short-lived. Interestingly, one of the purported “next big things” harkens back to one of the “old big things” in the gold rush of the dot-com boom two decades ago: domain-name squatting. According to Bloomberg, these web3 domain names are nonfungible tokens — essentially digital certificates of authenticity — and can be traded on sites like OpenSea or Solana’s version, Solsea. A web3 domain name represents an address on a blockchain, and the appeal [&hellip;]
- [Why Young Nigerians Prefer Crypto To Naira](https://diutocoinnews.com/2022/02/why-young-nigerians-prefer-crypto-to-naira/): Despite government hostile look on crypto in Nigeria, Nigerians are adopting crypto in defiance of the government. Nigeria is considered one of the top oil-rich countries in the world, but 40% live in poverty. Cryptocurrencies and NFTs are a way for young people to get around government failures As inflation hits 16%, young people are taking up a new asset class beyond the reach of legacy financial institutions. Nigeria and cryptocurrencies have had a long, storied history. Nigeria is aligning itself to play an integral role in crypto adoption on the continent. Home to over 200 million people, it is the most populous [&hellip;]
- [This Nft has the Potential of Doing 100X In 2022](https://diutocoinnews.com/2022/02/100x-nft-in-2022/): As the #NFT space is rapidly evolving and reaching new heights, we are excited about a promising new project called Edenhorde. An expansive continent is to be made up of 8,800 hand-crafted characters NFTs split into four distinct tribes&nbsp; With its launch this February, a set of 8,800 NFTs will be featured for everyone to participate in the world. Before further details, we&#8217;d like to emphasize that the Edenhorde world will be a lore-universe with its own ecosystem. To put it bluntly, the NFTs will possibly have a direct (story) utility and are not just &#8216;profile pictures&#8217;. Why is this important? [&hellip;]
- [Naira Falls Despite CBN Intervention.](https://diutocoinnews.com/2022/02/naira-falls-2/): Report from FMDQ securities revealed that Naira performance dropped at both the official market and parallel market in spite of the defence of the apex bank, at the time of reports Naira fall from N564 to N574 on the black market. The data showed that the value of the transaction at the market dropped by 49.6 percent or $62.99 million to $64.03 million from the $127.02 million achieved at the previous session. This development comes after the apex bank withdrew from the external reserves a total of $207.9 million in the first two weeks of February. Last week Friday, the Naira [&hellip;]
- [Crypto Mood Is Bullish: Expert.](https://diutocoinnews.com/2022/02/crypto-mood-is-bullish-expert/): Vinny Lingham a renown crypto investor with huge Solana and Litecoin portfolio has observed among his network of crypto traders the market uncertainty will soon be over as the tipping point to bullish market approaches. Vinny said,&#8221; An anecdotal observation from my personal crypto network: Friends who had too much in crypto and needed cash have been selling. Friends who don’t need cash are holding and maybe adding, selectively. Friends who don’t have enough crypto are buying. The mood is quietly bullish&#8221; &#8220;After the market adjusts to the pace of the Fed&#8217;s rate hike, growth stocks and bitcoin will resume their [&hellip;]
- [45 Million Nigerian Bank Accounts Not Linked To BVN: CBN Explains.](https://diutocoinnews.com/2022/02/45-million-nigerian-not-registered-bvn/): Dachung Bagos, a member of the House of Representative from Plateau State has alleged that about 45.85 million bank accounts were yet to be linked after the introduction of the Bank Verification Number (BVN) by the Central Bank of Nigeria (CBN) in 2014. Bagos said, “About seven years after the introduction of the BVN into the Nigeria banking system, about 45.85 million bank accounts across Nigeria are yet to be linked to BVNs. &#8220;Data released by the Nigerian Inter-Bank Settlement Systems (NIBSS) on June 23, 2021, disclosed that the total number of bank accounts in Nigeria as of May 2019 is [&hellip;]
- [Rumour: Nigerian Police Allegedly Checks Twitter Profile For NFT In Latest Profiling Method ?](https://diutocoinnews.com/2022/02/rumours-nigeria-police-twitter-nft-profile/): Unconfirmed reports going round has it that some unscrupulous officers has graduated to checking Twitter of Nigerian youths to ascertain if they are into crypto or not. There is no law against possession of cryptocurrencies or it&#8217;s paraphernalia in Nigeria so far it&#8217;s genuinely acquired. But report abounds of how some corrupt officers intimidate youths for possessing crypto trading apps. This latest rumors is the latest in litany of woes young crypto traders faces in Nigeria. A legal representative for a fintech company when contacted about the situation expresses that at the veracity of such rumours. Taking precautions as crypto traders [&hellip;]
- [Millions In NFT Stolen Today, Following OpenSea Contract Migration.](https://diutocoinnews.com/2022/02/millions-lost-in-opensea-hack/): A hacker has used recent Opensea contract migration situation to their advantage, actively stealing and flipping high-valued NFTs from users on OpenSea, the world’s largest NFT exchange, causing chaos and confusion in the broader NFT community. The modus operandi for the hack is currently unknown, but OpenSea placed a red banner at the top of its site Saturday night saying “We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea&#8217;s website. Do not click links outside of opensea.io.”  &#8220;This should be an eye opener to how [&hellip;]
- [UK Seizes An NFT For The First Time In A £1.4 Million Fraud Investigatons.](https://diutocoinnews.com/2022/02/uk-nft-fraud-probe/):  Britain&#8217;s tax agency has seized three non-fungible tokens, in what is thought to be the first seizure of NFTs by a U.K. law enforcement agency. Officials at Her Majesty&#8217;s Revenue and Customs say they seized the NFTs during an investigation into a suspected value-added tax (VAT) fraud case worth £1.4 million ($1.9 million). Three suspects have been arrested on suspicion of attempting to defraud the taxman. The suspects allegedly tried to claim back more VAT, which is a type of sales tax, than what they were owed, using a mix of stolen identities, unregistered phones and false invoices to hide their [&hellip;]
- [Trump Latest NFT Collection To Celebrate His Presidency.](https://diutocoinnews.com/2022/02/trump-latest-nft-collection/): This is the second NFT digital collectibles former US first lady Melania Trump will be selling, she said Thursday, and this time they will focus on “iconic” moments from her husband’s uncommon presidency. Melania Trump launched an NFT sales platform last year, with an inaugural image of her own eyes,&nbsp;and now a collection is coming that lauds Donald Trump’s single term in office. The 10,000-piece issue of “digital artwork highlights iconic moments from president Trump’s administration,” her office said in a statement, citing an example of Christmas at the White House. “Collectors will enjoy an element of surprise as the artwork [&hellip;]
- [Court Freezes Cash Linked To 146 Crypto Wallets.](https://diutocoinnews.com/2022/02/court-freezes-cash-linked-to-crypto/): The first civil order freezing cryptocurrency in Canada comes amid weeks of chaos on the streets of the country’s capital. Yesterday, a group of Ottawa residents won a private class action lawsuit to freeze at least 146 cryptocurrency wallets and bank assets tied to the main organizers of Canada’s “Freedom Convoy” in a bid to stanch funding for the ongoing demonstrations. Known as a Mareva injunction, the lawsuit was filed by Ottawa residents Zexi Li, Geoffrey Devaney, and the Happy Goat Coffee business against key convoy organizers including Chris Barber, Benjamin Dichter, Tamara Lich, and Nicholas St. Louis. The hearing was held in private without public notice [&hellip;]
- [Don Jazzy Hosts NFT Soirée For Mavin Team](https://diutocoinnews.com/2022/02/donjazzy-hosts-nft-party/): DonJazzy, CEO Mavin Records hosted an NFT get together for members of his team at his palacious resident in Lagos. At Don&#8217;s residence the team were educated on the various aspects of NFT and what it holds for the record in the future. The Mavin team during photo session after the soirée said, &#8220;we all learnt about NFTs and the exciting future.&#8221; DonJazzy is one of the known NFT investors in Africa. He has collaborated with many popular NFT artists like Afrodiods and Osinachi in producing African themed collections. On his NFT journey, DonJazzy told an interviewer that the popular crypto [&hellip;]
- [Ukraine Legalises Crypto, Using Bitcoin To Fund War Against Russia.](https://diutocoinnews.com/2022/02/ukraine-legalises-crypto-funds-war-bitcoin-russia/): Ukraine has legalised cryptocurrencies amid growing tensions with Russia despite many IMF Managing Director Kristalina Georgieva expressing their reservations over the penetration of unbacked virtual currencies. Ukrainian Vice President, Fedorov in a twitter post, said the new law will help bring the sector out of the shadows. Crypto exchanges will be able to operate legally and assets in cryptocurrencies will be protected, he said. &#8220;Ukraine is already in top-5 countries on cryptocurrency usage. Today we made one more step forward: Parliament adopted law on virtual assets! This will legalize crypto exchangers and cryptocurrencies, and Ukrainians could protect their assets from possible [&hellip;]
- [Twitter Tips Now Available For Nigerians Via Paga &amp; Flutterwave](https://diutocoinnews.com/2022/02/twitter-tips-now-in-nigeria/): Twitter has announced the addition of the pan-African payment solutions Barter by Flutterwave and paga as additional payment providers to a feature on its platform called Tips. Tips is a new way to monetise on Twitter and enables people on the service to send and receive funds as a token of appreciation. Twitter added a number of new payment options for its tip jar feature, including Ethereum addresses. Twitter also now supports international fintech providers Paga, Paytm and Barter by Flutterwave, expanding tipping to users in Nigeria, India and Ghana. Bitcoin tips were already enabled on Twitter via Strike’s Lightning Network, which reduces fees on [&hellip;]
- [JP Morgan Becomes The First Bank To Open In The Metaverse Where You Can Transact With Crypto/NFT](https://diutocoinnews.com/2022/02/jp-morgan-opens-metaverse-branch/): J.P. Morgan has opened an &#8220;Onyx lounge&#8221; in the metaverse on Tuesday, a virtual lounge in the blockchain-based world of Decentraland for transactions with crypto and NFT. You can now do your banking in the metaverse after the US lender JP Morgan opened up a lounge in the blockchain-based virtual world of Decentraland on Tuesday, becoming the first major bank to do so. In the virtual lounge, you can buy virtual plots of land with non-fungible tokens, or NFTs, and make other purchases using cryptocurrency. The JP Morgan report also noted that between June and December last year, the average price of [&hellip;]
- [Crypto Exchange Binance Is Under Investigatons](https://diutocoinnews.com/2022/02/binance-under-investigatons/): The US Security and Exchange Commission SEC has launched an investigaton into giant crypto exchange Binance US division regarding trading firms connected to Binance CEO Changpeng Zhao CZ. Sigma Chain AG and Merit Peak Ltd. act as market makers that trade cryptocurrencies on the&nbsp;Binance.US exchange. One area of the investigation&#8217;s focus is how Binance.US disclosed to customers its links to the trading firms, the report said, citing unnamed sources familiar with the matter.&nbsp; Market makers bolster&nbsp;liquidity&nbsp;and can add stability through constantly buying and selling assets. They profit from the small difference between the bid and offer price. The WSJ report noted [&hellip;]
- [How To Earn In A Crypto Bear And Bull Markets.](https://diutocoinnews.com/2022/02/how-to-earn-in-crypto-bear-bull-markets/): Crypto ecosystem thrives on the fundamental aspects of financial market trends. We can define market trend as the overall direction that an asset or a market is going. As such, market trends are closely watched by both technical analysts and fundamental analysts.Bull markets tend to be relatively straightforward to trade, as they can allow for some of the easiest trading and investment strategies. Even inexperienced traders may do well in really favorable bull market conditions. With that said, it’s also crucial to understand how markets move in cycles. So, what should you know about bull markets? How can traders take advantage of bull markets? You will [&hellip;]
- [EU To Invest €820 Million In Nigeria Digital Space](https://diutocoinnews.com/2022/02/eu-plans-e820-million-investment-nigeria/): The European Union (EU) plans to invest 820-million euros to support Nigeria&#8217;s digital economy over the next three years, a top EU official said on Monday. According to Reuters report, the amount includes 660-million euros worth of loans and 160-million euros as grants, EU Executive Vice President Margrethe Vestager said during a working visit to Nigeria&#8217;s communication minister in Abuja. The coronavirus pandemic has accelerated Nigeria&#8217;s push for digital services with technology-enabled companies attracting private equity money in healthcare, financial services and education, among others. Vestager said the investment will help Nigeria strengthen its digital infrastructure, public services and governance. &#8220;Nigeria has immense [&hellip;]
- [Samsung Endorsed University To Issue NFT Certificates.](https://diutocoinnews.com/2022/02/samsung-university-nft-certificate-first/): A university in South Korea has announced this week that it will be handing out award certificates to some of its graduates , the unique certificate will be NFT-based certificates, making it the first institution to do so. According to Yonhap News Agency, Sungkyunkwan University, a private comprehensive research university in South Korea, will be releasing NFT-based award certificates to select graduates as a recognition of their outstanding achievements in school. Sungkyunkwan University revealed its plan to hand out its award certificates in the form of Non-fungible token or NFT on Monday, Feb. 14. This will be South Korea’s very first official school [&hellip;]
- [EFCC Arrests Gov's Aide For Internet Fraud.](https://diutocoinnews.com/2022/02/efcc-arrests-govs-aide-internet-fraud/): Operatives of the Ibadan zonal command of the Economic and Financial Crimes Commission (EFCC) have arrested 26 suspected internet fraudsters in Ibadan. The EFCC said in a statement made available to news media that the arrested internet fraudsters included a fake personal assistant to Oyo state governor on media matter. EFCC stated that the arrested internet fraudsters were nabbed by its operatives at Soka area of Ibadan, Oyo state, over alleged internet-related fraud activities. The anti graft commission gave the names of the arrested self styled “Personal Assistant to the Oyo state Governor on Media Matters” as Babawale Daniel Olayinka. EFCC [&hellip;]
- [Checkout This Binance Crypto Aidrops This Val.](https://diutocoinnews.com/2022/02/checkout-this-binance-crypto-aidrops-this-val/): For this season, Binance has revealed lateste crypto airdrops to gift up your Val&#8217;s day. The announcement reads; Fellow Binancians,The APENFT foundation has published the latest update on the APENFT (NFT) airdrop program. NFT will be airdropped to both BitTorrent OLD (BTTOLD) and BitTorrent (BTTC) holders, in addition to TRON (TRX), JUST (JST) and WINkLink (WIN) holders on a monthly basis. The snapshots for the airdrop still take place at 12:00:00 (UTC) on the 10th of each month from June 2021 to June 2023.Further details about this change are shown below: The update takes effect from 2022-02-10 at 12:00:00 (UTC), and completes on [&hellip;]
- [Crypto Exchange Coinbase App Crashes Screening Super Bowl Ad For Crypto Giveaways.](https://diutocoinnews.com/2022/02/coinbase-superbowl-ad-crash/): Coinbase&#8217;s app crashed just seconds after screening a unique ad displaying a single QR code bouncing around the screen in its Super Bowl debut. Coinbase spent $16 Million on a super bowl add to direct people to their app, crashing the app 10 seconds into the advert. The 60-second commercial almost entirely showed a colorful QR code bouncing, bringing back memories of the bouncing DVD logo. Once scanned, the digital code redirects first-time users to Coinbase&#8217;s promotional website, offering a limited time promotion of $15 worth of free Bitcoin to new customers, and the chance to enter three million dollar giveaway. The Super Bowl half-time [&hellip;]
- [Bitcoin, NFT As A Token Of Love This Valentine.](https://diutocoinnews.com/2022/02/a-token-of-crypto-nft-for-valentine/): It&#8217;s Valentine&#8217;s Day. Crypto ecosystem has witnessed massive growth and mainstream adoption in recent times. News on cryptocurrency have made healines and trends. The acquisition of certain amount cryptocurrency is seen a bourgeois thing. In Nigeria, interest are awaken when someone in a conversation shows astute knowledge about crypto. Ladies now seems to prefer men who are Crypto traders. There is high belief that Crypto traders are rich. New Studies by A new study from brokerage firm eToro found that 33% of Americans who were surveyed would be more likely to go on a date with someone who mentioned crypto assets in their online [&hellip;]
- [Trade WAXP on OKX and Stake to Earn](https://diutocoinnews.com/2022/02/trade-waxp-on-okx/): OKX is pleased to announce the listing of WAX’s WAXP token on our spot trading markets. Trading of WAXP will start according to the following schedule: WAXP deposits open at 2:00 am UTC on Feb. 14 Spot trading for WAXP/USDT opens at 4:00 am UTC on Feb. 14 WAXP withdrawals open at 10:00 am UTC on Feb. 15 WAX is a layer-1 network that aims to build an ecosystem for dApps, NFT collectibles and emerging play-to-earn games. The WAX protocol is a decentralized blockchain solution that powers the WAX marketplace, and focuses on the transfer and exchange of virtual goods and [&hellip;]
- [A Dual Investment Guide - How to Invest in Crypto, the Pros and Cons](https://diutocoinnews.com/2022/02/how-to-invest-crypto-pros-cons/): If you’ve been exploring the crypto world for a while, you already know that crypto assets are extremely volatile.&nbsp; And it is extreme since some crypto coins experience swings ranging in multiple percentage points. And no matter how fruitful it may look, a sudden dip can easily erode your portfolio’s value. However, Major crypto exchanges such as OKX have come up with an innovative solution known as OKX Dual Investment. A Dual Investment like OKX Dual Investment allows you to deposit a cryptocurrency and earn yield based on two assets. Commit your crypto assets, lock in a yield and earn value [&hellip;]
- [Valentine; FTC Alert On Crypto Romance Scam.](https://diutocoinnews.com/2022/02/valentine-ftc-warns-crypto-romance-scam/): The U.S. Federal Trade Commission (FTC) issued a warning over the weekend about crypto-associated romance scams. The FTC is an independent agency of the U.S. government whose principal mission is the enforcement of civil U.S. antitrust law and the promotion of consumer protection. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than 25 times those reported in 2019,” said the FTC. “New data from the Federal Trade Commission show that more consumers than ever report falling prey to romance [&hellip;]
- [15 Out 23 Monkeys  Implanted With Elon Musk's Neuralink Chip Have Died](https://diutocoinnews.com/2022/02/2o-monkeys-killed-elon-musk-neuralink/): Out of a total of 23 monkeys implanted with Elon Musk’s Neuralink brain chips at the University of California Davis between 2017 and 2020, at least 15 reportedly died. The Business Insider and the New York Post, the news comes from the Physicians Committee for Responsible Medicine, an animal-rights group that viewed over 700 pages of documents, veterinary records, and necropsy reports through a public records request at the university. Neuralink was founded in 2016 with a goal of helping people recover from traumatic brain and spinal cord injuries, curing depression and other mental health disorders, and connecting humans to the internet for everything from music streaming [&hellip;]
- [Netflix To Make Film About The $4.6 Billion Bitfinex 2016 Hack Heist.](https://diutocoinnews.com/2022/02/netflix-to-make-film-about-crypto-heist/): On Friday, Netflix announced that it has ordered the production of documentary Series about the married couple&#8217;s alleged scheme to launder billions of dollars worth of stolen cryptocurrency in the biggest criminal financial crime case in history. Statement released on it blog gave a synopsis of the doc series ; &#8220;lya “Dutch” Lichtenstein and Heather Morgan were arrested in their New York City apartment on Tuesday, February 8, and now face charges of conspiring to launder nearly 120,000 Bitcoin tied to the 2016 hack of a virtual currency exchange. As the value of the stolen Bitcoin soared from $71 million at [&hellip;]
- [Everything you need to know about the Bored Apes Yacht Club (BAYC) NFT collection and why it is so expensive. ](https://diutocoinnews.com/2022/02/know-about-bayc-nft/): Get to know about the Bored Apes Yacht Club (BAYC) NFT collection and why it is so expensive.  Owning a Bored Ape is “cool” now. Mostly, it’s expensive! There are a total of 10,000 Bored Ape NFTs, all of which sold out in 12 hours for roughly $190 each. 10,000 different versions might sound like a lot, but it’s a small enough number to still be considered limited-edition.&nbsp; By the time Fallon bought his BAYC NFT, it was roughly $216,000, the LA Times reported, in a piece that also notes the value might be even greater on resale given his “hyping [&hellip;]
- [Nigeria Among Top 2 In The World For Bitcoin Searches On Google.](https://diutocoinnews.com/2022/02/nigeria-tops-bitcoin-google-search-worldwide/): Nigeria came second behind El Salvador in Google Bitcoin Searches in the world according to Google Trends live statistics. Nigeria’s rise to the top of bitcoin search rankings may be attributed to the growing utility of the crypto in Nigeria. The report also explains that country’s youth have been the decisive force behind this surge in bitcoin searches.  In the meantime, the Google Trends data also shows that two more African countries, namely South Africa (2) and Ghana (5), make it into the top five of the rankings. The next highest-ranked African country to feature on the list is Kenya at [&hellip;]
- [CBN To Stop Sale of Forex To Banks.](https://diutocoinnews.com/2022/02/cbn-stop-sale-forex-banks/): The Central Bank of Nigeria has announced plans to end the sale of Forex to commercial banks by the end of the year. &#8220;The era is coming to an end when, because your customers need 100million dollars in foreign exchange or 200 million dollars, you now want to pack all the dollars and pass it to CBN to give you dollars. “It is coming to an end before or by the end of this year. We will tell them don’t come to the Central Bank for foreign exchange again go and generate your export proceeds. “When those export proceeds come, we [&hellip;]
- [Central Bank of Kenya Plans Central Bank Digital Currency](https://diutocoinnews.com/2022/02/central-bank-kenya-plans-digital-currency/): The Central Bank of Kenya on Thursday released a communication titled a &#8220;Discussion Paper on Central Bank Digital Currency&#8221; soliciting for public and expert contributions on the Bank&#8217;s plan to introduce central bank digital currency CBDC. The public are expected to share it&#8217;s views with the bank from now till May 20th on the possibility of adopting CBDC. It acknowledged the risks of such a move, including financial exclusion for those without access to technological infrastructure or knowledge and outflows from commercial banks, while pointing to benefits, including reducing cross-border payment costs. &#8220;Looking to the horizon, it will be critical to [&hellip;]
- [New eNaira Update To Support USSD  Transactions, Others.](https://diutocoinnews.com/2022/05/enaira-to-support-ussd-transactions-others/): The Central Bank of Nigeria (CBN) recently announced the adoption of an Unstructured Supplementary Service Data (USSD) code, 997 for eNaira transactions. The move will enable those who do not have a bank account to also leverage the eNaira platform. The eNaira, according to Godfrey Bariboloka Koyor, CBN branch controller, Lagos, is the digital currency issued by the apex bank and backed by the Federal Republic of Nigeria. “The process is very easy and it is simple for anyone to be able to benefit. eNaira is designed with the best-integrated security and management procedure that will help to mitigate the fraud so there [&hellip;]
- [Here Is Why Crypto Prices Are Crashing.](https://diutocoinnews.com/2022/05/why-crypto-is-crashing/): Bear run hit Bitcoin BTC, ethereum and other major cryptocurrencies over the week with prices falling sharply as a broad asset price crash depletes markets despite positive crypto prediction from global crypto exchange CEOs. According to Forbes, bitcoin price has lost around 10% over the last few days, crashing to levels not seen since January. Ethereum and its biggest rivals BNB BNB, solana, cardano and avalanche have plunged, with Ripple&#8217;s XRP XRP and Terra&#8217;s luna also falling—wiping over $100 billion from the combined crypto market. Ahead of the bitcoin and crypto price crash, the chief strategy officer of $5 billion crypto asset manager CoinShares, Meltem Demirors, [&hellip;]
- [Ethereum Burns A Total Of $6.25 Billion In ETH So Far.](https://diutocoinnews.com/2022/05/ethereum-burns-coins/): Over the week, a total of 5,133.77 Ether worth $13,914,414, was burned from Ethereum transactions, based on data from the Ethereum burn tracker, $6.25 billion in ETH has been burned so far, being pulled out of circulation permanently. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.On August 5th, 2021, the Ethereum blockchain implemented an important upgrade known as EIP-1159. This Ethereum improvement proposal changed the fee model drastically. Now each transaction includes a variable base fee that adjusts according to the current demand for block space. This base fee is burned, or [&hellip;]
- [Opensea Discord Channel Hacked, YouTube In The Mix. Users Warned To Beware Of Phishing Scam.](https://diutocoinnews.com/2022/05/opensea-discord-channel-hacked/): PopularNonfungible token (NFT) marketplace OpenSea suffered a server breach on its main Discord channel, with hackers posting fake &#8220;Youtube partnership&#8221; announcements. According to the hacker&#8217;s initial post, which was published in the announcements channel, claimed that OpenSea had “partnered with YouTube to bring their community into the NFT Space.&#8221; According to Cointelegraph, a screenshot shared Friday shows fake collaboration news, accompanied by a link to a phishing site. OpenSea Support&#8217;s official Twitter account tweeted that the marketplace&#8217;s Discord server was breached Friday morning and warned users not to click the channel. The hacker&#8217;s initial post, published in the announcements channel, claimed that OpenSea had [&hellip;]
- [Gucci To Accept Doge coin, Shiba Inu and Bitcoin.](https://diutocoinnews.com/2022/05/gucci-accepts-cryptocurrencies/): Global Italian high-end luxury fashion house Gucci has concluded plans to accept cryptocurrency in five stores in the US later this month, the decision comes as the company continues to explore Web 3. According to a report by Vogue, Gucci also plans to amplify the pilot to all of its North American stores this summer that the leading luxury brand directly operates. In the beginning, Gucci will accept 12 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Dogecoin Shiba Inu, as well as five stablecoins pegged to the US Dollar. The first stores that will incorporate the new payment mode are – [&hellip;]
- [Binance Commits $500 Million To Buy Twitter With Elon Musk.](https://diutocoinnews.com/2022/05/binance-commits-500-million-in-twitter-purchase/): Cryptocurrency exchange Binance dolled out $500 million, while venture capital firm Sequoia Capital committed $800 million to finance Elon Musk&#8217;s $44 billion takeover of social media platform Twitter (TWTR). Around $7.1 billion has been committed by 19 different parties with investment firm Fidelity putting aside $316 million for the takeover. CoinDesk reports that Tesla founder Elon Musk recently agreed to acquire the social media firm. Musk had said that he wants Twitter to be a proponent for free-speech. The billionaire is also a known supporter of cryptocurrencies, like memecoin Dogecoin (DOGE) and bitcoin (BTC). According to an updated Schedule 13D&nbsp;filing with [&hellip;]
- [Opera Browser Allows Direct Access To BNB Chain-based DApp Ecosystem](https://diutocoinnews.com/2022/05/opera-browser-integrated-to-binance-smart-chain-2/): A New integration with BNB Chain allows Opera users to access decentralized apps, including DEXs like PancakeSwap, 1inch and BiSwap. Crypto user friendly browser Opera integrated BNB Chain, a decentralized blockchain ecosystem formerly known as Binance Smart Chain, to enable BNB Chain-based decentralized apps (DApps) on Android, iOS and desktop versions of its Crypto Browser. The integration will enable Opera&#8217;s 350 million users to purchase the BNB (Build N Build) token with fiat and send and receive it via the built-in Opera crypto wallet, as well as access DApps on the BNB Chain ecosystem. The list includes decentralized exchanges (DEXs) like [&hellip;]
- [Protect Your Business As Report Claims 71% Of Nigeria Businesses Faced Cyber Attack In 2021.](https://diutocoinnews.com/2022/05/71-nigeria-businesses-hit-cyber-attack/): International cybersecurity firm, Sophos, has revealed that 71 per cent of Nigerian businesses it surveyed were hit with ransomware in 2021, up from 22 per cent in 2020, the company disclosed this in its ‘State of Ransomware 2022’ report. The report also reveals that a total of $706,452 was paid as ransom to the cybercriminals by Nigerian businesses in the year. The average cost of rectifying cyber-attack in the country also went up from $0.46 million in 2020 to $3.43 million in 2021. According to the report published by Nairametrics,Forty-four per cent of the organisations that had data encrypted paid the [&hellip;]
- ["Crypto Is Fake Money" Rick Ross Calls Out Crypto Investors.](https://diutocoinnews.com/2022/05/rick-ross-calls-out-crypto-investors/): Popular American rapper Rick Ross called out the cryptocurrency investors, questioning the authenticity of the money they claim to make in a recent Instagram story that&nbsp;went viral&nbsp;on social media. &nbsp; The rapper, who boasts five number one albums in the U.S., wants to see some real-life receipts. “That’s the thing about the boss, the metaverse, crypto, y’all getting so much money, where you at?” he asked. “Show us. And I don’t mean, ‘Oh, I’m trying to get money.’ Man, I got a lot of money. I don&#8217;t need that fake money.” “Show my homies what the metaverse is about,” he said. “One [&hellip;]
- [Top 5 SocialFi projects to earn as a creator in 2022](https://diutocoinnews.com/2022/05/top-5-socialfi-projects-to-earn-as-a-creator-2022/): The combination of social networking with blockchain finance is referred to as SocialFi. Users can earn money by creating content, participating in DAO governance, minting NFTs, interacting with other users, watching entertainment, and gaming in the SocialFi area. Unlike the Web 2.0 social networks we&#8217;re used to, SocialFi projects protect and secure users&#8217; personal data, distribute advertising money equitably, and deliver a more valuable user experience. Although there are so many SocialFi projects, this post will give you our top 5 socialFi to earn as a creative.&nbsp; The following concepts and classifications are used to categorize the SocialFi track project: &#8220;A [&hellip;]
- [Viral Story Of Nigerian Photographer Who Made N0.7 Million In Day From Sale Of NFT Picture.](https://diutocoinnews.com/2022/05/viral-nft-sales-nigeria/): Nigerian photographer and artist, Adewunmi Rasaq Babatunde has successfully sold three of his works for the sum of N740k, the photographs were sold as Non-Fungible Tokens, NFTs on Opensea, the photographer revealed on Twitter. Adewumi disclosed that each of the photos was sold at 0.15 ETH an equivalent to N740k. The wait for a buyer was a lesson in patience, the photographer revealed that it took him months before making the N740k NFTs Sale at OpenSea. In his interview with Legit Ng, he said that, &#8220;It’s quite hard and it’s mentally draining because it took me four months before my first [&hellip;]
- [Naira Heading Above N600/ $1 In P2P Market , As Dollar Appreciates In Global Forex Market](https://diutocoinnews.com/2022/05/naira-drops-to-600-1/): Nigeria local currency Naira opened at N600.00 per $1 at the parallel market otherwise known as the black market, today, 4th May 2022, in Lagos Nigeria, after it closed at N591.00 per $1 on Tuesday, 3 May 2022 as the long holiday ends. The dollar rose towards a 20-year high on Monday as the euro struggled around the $1.05 mark. At the time of writing, the dollar index was trading a $103 up 10% within the last 6 months. Due to the  US dollar integration into the global economy, its gains are putting more pressure on businesses and governments as they prepare for rising [&hellip;]
- [Elon Musk Gives Investment Advice For Long Term Benefits.](https://diutocoinnews.com/2022/05/elon-musk-investment-advice/): Tesla CEO and new owner of Twitter Elon Musk has shared an investment advice which he believes “will serve you well in the long term.” Tesla and Spacex CEO Elon Musk gave some investment advice Sunday, noting that he has been asked about it “a lot.” He explained that investors should buy stock in several companies that make products and services that they believe in. They should only sell if they think those products and services are trending worse, Musk continued, emphasizing that they should not panic when the market does. “This will serve you well in the long term,” the [&hellip;]
- [Nigerian And Kenyan Politicians In Bitcoin Money Laundering Saga.](https://diutocoinnews.com/2022/05/nigeria-kenyan-bitcoin-money-laundering/): The global law enforcement agency, Interpol is seeking to conclude a case in which three Nigerian nationals in connivance with Kenyan politicians are alleged to have used money laundering proceeds to buy bitcoins worth over $43 million, a report has said. Three Kenyans including an unnamed powerful Kenyan politician are accused of having aided the Nigerian trio in their efforts to conceal the exact motive for moving the funds, Bitcoin News reported. According to a&nbsp;report&nbsp;by the Kenyan publication, the Nation, a probe by Interpol found that the trio could have transferred over $215 million (25 billion Kenyan shillings) from Nigeria to [&hellip;]
- [Warning ⚠️ Smartphone Text Prediction Can Guess Your Crypto Wallet Seed Phrase.](https://diutocoinnews.com/2022/05/smartphone-prediction-text-seed-phrases/): Andre, a 33-year-old IT professional from Germany, recently&nbsp;posted&nbsp;on the r/CryptoCurrency subreddit after discovering his mobile phone’s ability to predict the entire recovery seed phrase as soon as he typed down the first word. As a fair warning to fellow Redditors and crypto enthusiasts, Andre’s post highlighted the ease with which hackers can use the feature to drain a user’s funds just by being able to type the first word out of the BIP 39 list: “This makes it easy to attack, get your hands on a phone, start any chat app, and start typing any words off the BIP39 list, and [&hellip;]
- [Regen Network ReFi Project, Where Crypto, Carbon And Climate Meets](https://diutocoinnews.com/2022/05/regen-network-crypto-carbon-climate/): Overview Of ReFi Project; Regen Network. Regen Network is&nbsp;a blockchain startup focused on ecological data, in the regenerative agriculture space and climate carbon control. The goal is to reinvent the economics of agriculture so that farmers are seen not only as food producers, but also as land stewards. Regen Network incentivizes regenerative land use practices, restores ecosystems and reverses climate change. Reverse climate change with digital carbon and&nbsp;regenerate ecosystem. Regen Network’s infrastructure originates digital carbon assets in the Interchain economy, unlocking web3 regenerative finance. Regen Network Mission. Broken economic models incentivize the degradation of land, destroy ecosystems and fuel climate change. [&hellip;]
- [Bullish Bored Ape Yatch Club Metaverse Sale Crashes Ethereum, Yuga Labs Plans Independent Blockchain.](https://diutocoinnews.com/2022/05/bayc-metaverse-crashes-ethereum/): The Bored Ape Yacht Club crashed Ethereum on Saturday night, as sale of the upcoming Bored Ape metaverse called Otherside. Developers Yuga Labs on Saturday launched a new NFT collection which consists of 100,000 land deeds for the virtual world. Interest in the drop was immense; too much for the Ethereum blockchain to handle. Users ended up paying thousands of dollars in fees for failed transactions, and Ethereum proved unusable for hours due to its inability to distribute the load. CNET reports that Otherside is Yuga Labs&#8217; take on the metaverse. It&#8217;ll be a virtual world made up of 200,000 plots of land, which will be [&hellip;]
- [Bank Of Uganda Warns Mobile Money Operators To Stop Crypto Transactions.](https://diutocoinnews.com/2022/05/bank-of-uganda-warns-mobile-money-on-crypto/): The Bank of Uganda, over the weekend has issued a circular to all payments licensees especially mobile money operators to desist from facilitating cryptocurrecy transactions. The Circular specifically cites conversion of crypto to Mobile Money as one of the prohibited transactions. A crypto enthusiast in Uganda, Ronald Masiriwa reacting to the news said, &#8220;I am no expert when it comes to crypto currency but with the fact that BOU is picking interest in prohibiting its usage with key financial players, it&#8217;s high time to consider it&#8217;s uniqueness and the need to know more about it.&#8221; Since cryptocurrencies are not regulated by [&hellip;]
- [Telegram Users Can Now Send and Receive Crypto Payments To Each Other.](https://diutocoinnews.com/2022/04/telegram-users-send-and-receive-crypto/): In one of the biggest boost for SocialFi, a decentralized layer-1 blockchain designed by Telegram, TON, has added a new crypto payments feature to the messaging app, the organization announced in a tweet over the week. The feature allows users to send Toncoin, the organization’s cryptocurrency, to other Telegram users without any transaction fees. While only toncoin (TON) can be sent within the app, users can also buy bitcoin through the &#8220;@wallet&#8221; bot. The aim is to make sending toncoin &#8220;feel like sending a text message,&#8221; the TON Foundation, the steward of the cryptocurrency project, said Thursday. The bot has been [&hellip;]
- [Nigeria Made $760 Million Crypto Transactions In 2021, Leads Africa](https://diutocoinnews.com/2022/04/nigeria-records-760-million-crypto-transactions-2021/): A report released by cryptocurrencyt rading platform, Paxful, has said Nigeria is the largest crypto-trading country in Africa with a trading volume worth over $760m in 2021. In a statement earlier in the week, the firm said that in the year under review, the country had over 16,000 trades completed across Nigeria each day. The company also said that Africa was leading the way for global Bitcoin, adding that the market in the continent had grown over 1,200 per cent with countries like Kenya, South Africa and Nigeria ranking among the highest in grassroots adoption in the world. According to Paxful, [&hellip;]
- [Panama Approves Law To Legalizes Crypto Transactions.](https://diutocoinnews.com/2022/04/panama-legalizes-crypto-transactions/): Legislators in Panama&#8217;s National Assembly on Thursday approved a bill to legalize, regulate the use and commercialization of crypto assets in the Central American country renowned as a hub of offshore financial services. The bill opens the door to private and public use of crypto assets, and will make it possible for people to pay their taxes with cryptocurrencies.&nbsp; Panama won&#8217;t be charging capital gains on Bitcoin, something that has been regarded as a pain point for investors around the world. However, the country isn&#8217;t planning to follow in the footsteps of El Salvador and the Central African Republic by adopting [&hellip;]
- [Stock Exchange To Trade Crypto In Russia.](https://diutocoinnews.com/2022/04/russia-to-allow-stock-exchanges-trade-crypto/): The Central Bank of Russia has recently put forward a proposal to license traditional stock exchanges to operate in the digital assets (Cryptocurrencies/ NFT) market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment. Bitcoin News is reporting that Stock exchanges and central clearing counterparties may be allowed to facilitate the trading of digital financial assets (DFAs), a collective term encompassing cryptocurrencies and tokens under current Russian law. The proposal was put forward by the Central Bank of Russia (CBR) at a meeting with exchanges, brokers, and information system operators, a [&hellip;]
- [Crypto Jobs For Africans. Remote and Onsite Jobs For Nigeria, Ghana And Egypt](https://diutocoinnews.com/2022/04/crypto-jobs-in-africa-nigeria-ghana-egypt/): These are April 2022 Jobs. Jobs In Nigeria. Scrum Master, Bundle Africa, Remote | https://bit.ly/3F8LcIN Product Manager, Quidax, On-site | https://bit.ly/3xXTUI5 Marketing Manager, Luno | https://bit.ly/3vnkCIt Digital Marketer, Patricia, On-site | https://bit.ly/3EViQBF Senior Business Development Manager, #Binance Pay | https://bit.ly/3LqHGM6 2D/ 3D Motion Graphics, Patricia, On-Site | https://bit.ly/37MTMR2 Jobs In Africa ( General ) Social Media Associate, Nestcoin, Remote | https://bit.ly/3rTlN0g Community Associate, Nestcoin, Remote | https://bit.ly/3F1qIRZ Mobile Engineer, Nestcoin, Remote | https://bit.ly/3OK5soo Product Manager, Nestcoin, Remote | https://bit.ly/38Az5Ig Lead Engineer (Ruby on Rails), Aza Finance, SA/GH/NG/KE | https://bit.ly/3OAz2MS Senior Frontend Engineer, Nestcoin, Remote | https://bit.ly/3EXfluw Senior Mobile Engineer, Nestcoin, Remote [&hellip;]
- [CBN Gives Airtel License To Operate Digital Mobile Money Banking.](https://diutocoinnews.com/2022/04/cbn-grants-airtel-mobile-banking-license/): The Central Bank of Nigeria has awarded Airtel Africa subsidiary, Airtel Mobile Commerce Nigeria Ltd, with a full super-agent licence. According to the firm, this licence will allow it to create an agency network that can service customers of licenced banks, payment service banks, and licenced mobile money operators in Nigeria, Punch News reported. In a statement, the firm said, “Further to our announcement of 15 November 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that the CBN has awarded its subsidiary, Airtel Mobile Commerce Nigeria Ltd, [&hellip;]
- [Young Nigerian Builds House Just Within 5 Months Of Flipping NFT.](https://diutocoinnews.com/2022/04/young-nigerian-buys-house-nft/): A young Nigerian has announced on Twitter today that he started his building project, after five months of flipping NFT. The Twitter user whose bio reads as a digital entrepreneur, Blockchain and crypto enthusiasts with the handle; @iamrhazkid claimed that &#8220;When I first started in the space, I got rugged aggressively that i almost left the web3 space if it weren&#8217;t for the people I met and the kindness they showed me. &#8220;5 months of flipping Nfts got me this, all thanks to God almighty for directing me to this path, &#8221; with a video post of his building project. Flipping [&hellip;]
- [Google Equiano High Impact Subsea Cable Arrives Nigeria.](https://diutocoinnews.com/2022/04/google-equiano-subsea-cable-arrives-nigeria/): Google and cable landing partner, WIOCC, last week announced the landing of its state-of-the-art Equiano subsea cable, expected to remarkably elevate Nigeria’s current and future international internet connectivity demands. The Equiano cable is designed to start in Portugal in western Europe, run more than 12,000km along the West Coast of Africa and land in Lomé, Togo; Lagos, Nigeria; Swakopmund, Namibia; Rupert’s Bay, Saint Helena, and Melkbosstrand, South Africa. It will establish a valuable new high-capacity internet connection between the African continent and Europe, Google said on Thursday. Named after Nigerian-born writer and abolitionist, Olaudah Equiano, the Equiano cable will help support further [&hellip;]
- [Finally! Elon Musk Buys Twitter For $44 Billion.](https://diutocoinnews.com/2022/04/elon-musk-buys-twitter-2/): Elon Musk acquired Twitter for $44 billion on Monday, the company announced, giving the world’s richest person control of one of the most influential social media sites, conversation sharing platform for political leaders, a broadcasting platform for experts across industries, and an information hub for millions. Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer. Under pressure, Twitter started negotiating with Musk to buy the company at the proposed $54.20 per share price.  Musk, chief executive of electric car giant Tesla Inc (TSLA.O), has been meeting with [&hellip;]
- [UN Mission In Kenya Applauds Local Based Blockchain Initiative For Poverty Reduction.](https://diutocoinnews.com/2022/04/un-applauds-kenya-based-blockchain/): The United Nations (UN) mission in Kenya recently praised a local blockchain-based community inclusion currency (CIC) initiative for its part in helping to reduce poverty in one of the country’s poor informal settlements. The mission’s sentiments follow a tour of the Mukuru informal settlement by its resident coordinator, Stephen Jackson. In a tweet, the mission commended the Sarafu blockchain anchored e-voucher system for helping “vulnerable households access basic needs.” n a different tweet, UN Kenya also praised residents of the informal settlement for their embrace of the Sarafu blockchain-based e-vouchers system. The world body further added that by using this trading system, [&hellip;]
- [Central African Republic Becomes First In Africa To Adopt Bitcoin.](https://diutocoinnews.com/2022/04/central-african-republic-adopts-bitcoin/): Central African Republic has become the first African nation to adopt Bitcoin and the second in the world behind El Salvador to accept Bitcoin as a means of payment following the Nation&#8217;s National Assembly approval. This means Bitcoin shall now be accepted as a means of payment thereby making the Central African Republic, the first in the continent, to legally allow it&#8217;s 4.3 million citizen use Bitcoin as a means of payment . As reported by Forbes Monaco, the National Assembly unanimously adopted the bill thereby putting Bitcoin (BTC) at the center of its economic recovery. “The application of the legal-tender [&hellip;]
- [User Loses Ledger Nano Hardware Crypto Wallet in a Public Transport at Toll Gate Ibadan](https://diutocoinnews.com/2022/04/user-loses-ledger-wallet-in-ibadan/): A Ledger Nano Hardware Crypto wallet was reportedly picked up in a public transport where the owner lost it by Ebenezer Oluwole at the Toll Gate Ibadan. Ebenezer Oluwole on Twitter have identified picking up a Ledger Nano hardware crypto wallet which he claims was seen in a public transport where the owner lost it. Some people were in shock as to why someone would be carrying such a treasureable device around. One twitter user @dj_modeep asked same question. But could be it be that it was stolen and the person who stole didn&#8217;t know what to do with it and [&hellip;]
- [Omen protocol: prediction market Overview.](https://diutocoinnews.com/2022/04/omen-protocol-prediction-market-overview/): Omen is a fully decentralized prediction market platform built on top of the gnosis conditional token framework. Liquidity is enabled through a fixed product market maker which is similar to how Uniswap markets work. This means liquidity will always be available for users to trade as quickly as an ethereum transaction.&nbsp; Omen is a DXdao-created, DXdao-maintained, and DXdao-governed decentralized maximalist prediction market platform, designed by the DXdao using an open platform for prediction markets developed by Gnosis. Anyone can launch prediction markets on Omen for any topic they want. You can customize a market&#8217;s features, such as Oracles are specified data [&hellip;]
- [Snoop Dogg Starts Digital Weed Farm In Metaverse. In First Grow And Earn NFT Reward.](https://diutocoinnews.com/2022/04/snoop-dogg-starts-digital-weed-farm-in-metaverse/): Rapper Snoop Dogg, influencial crypto, NFT trader is set to launch digital weed farm in a mafia-themed&nbsp;metaverse&nbsp;project MOBLAND. The platform will host branded digital weed farm in the form of non-fungible-tokens (NFTs) and exclusive content from his son Champ Medici. Mobland, is backed by notable crypto personalities such as Twitch Co-Founder Justin Kan, Terra’s Do Kwon, and ​​Animoca Brands. According to fxempire, the platform will be pioneering the Grow-to-earn feature in the metaverse. The&nbsp;celebrity-backed&nbsp;“mafia-themed” metaverse will reportedly be&nbsp;spearheading the first Grow-and-Earn feature “through a vast array of utilities for&nbsp;business&nbsp;buildings and land.” What’s more, an exclusive drop of Snoop Dogg branded digital [&hellip;]
- [How Islamic Social Finance Market Can Leverage Blockchain Impacting Investing For Social Good.](https://diutocoinnews.com/2022/04/blockchain-impact-investing-for-islamic-social-finance/): How Blockchain Impact Investing Can Be Leveraged in Combating the Level of Standard Living Issues Pursued by the&nbsp; $200B Annual Contributions Under Islamic Social Finance. Muslim Scholars believe that Islamic Social Finance is a vital mechanism for alleviating global poverty and improving standard of living especially in low-income countries.&nbsp; Mr. Shehu Nasiru Muhammad, Managing Director, Samaaha Institute of Training and Research made the observation with Proshare while assessing the &#8220;Role of Islamic Social Finance in Alleviating Economic Hardship&#8221;. Islamic social finance, according to him, places emphasis on social welfare, equity and poverty alleviation.&nbsp; The eradication of poverty is among the primary [&hellip;]
- [Polymarket Celebrates Trading Of 6.9 Billion Outcome Shares With USDC Giveaway.](https://diutocoinnews.com/2022/04/polymarket-celebrates-6-9-billion-outcome-shares/): Polymarket, the decentralized information betting platform announced that over 6.9 billion outcome shares has been traded on the platform in a post shared on Twitter. Polymarket is an information markets platform that lets you trade on the world’s most highly-debated topics (e.g. coronavirus, politics, current events, etc). On Polymarket, you build a portfolio based on your forecasts and earn a return if you are right. When you decide to buy shares in a market, you are weighing in with your own knowledge, research, and view of the future. Market prices reflect what traders think are the odds of future events, turning [&hellip;]
- [Kwenta Prediction Market Overview: Synthetix Powered DPM Processes $1Billion In Volume.](https://diutocoinnews.com/2022/04/kwenta-io-derivatives-prediction-market-platform/): What is Kwenta Prediction Market? Kwenta is a DApp that leverages the Synthetix protocol, which means no creating an account, no deposits or withdrawals, and no surrendering custody of your funds. Traders can long or short popular synthetic cryptocurrencies, commodities, forex, and equities without the limits or compromises of a centralized exchange. Kwenta lives on Optimism as well as L1, offering users low gas fees and near instant transactions. DApp stands for decentralised application. Kwenta is a decentralized derivatives trading platform, offering 10x leverage for a limitless range of assets, powered by Synthetix. Kwenta is built on the Synthetix protocol, so [&hellip;]
- [eNaira May Reduce Deposits In Commercial Banks: IMF Warns.](https://diutocoinnews.com/2022/04/enaira-reduces-deposits-in-commercial-banks/): The International Monetary Fund (IMF) in it&#8217;s recent report has warned that the eNaira wallet may reduce deposit turnover in commercial banks in Nigeria. This was disclosed in an IMF report titled: ‘Country Focus; Five Observations on Nigeria’s Central Bank Digital Currency.’ The IMF advised the Central Bank of Nigeria (CBN) to address the many risks connected with digital money, particularly the vulnerabilities it poses to monetary policy execution and cyber security. Nairametrics reported that the global body said, “Like digital currencies elsewhere, the eNaira carries risks for monetary policy implementation, cyber security, operational resilience, and financial integrity and stability.  “For example, [&hellip;]
- [Crypto Can Be Used To Bypass Capital Restrictions &amp; Sanctions: IMF to Nigeria.](https://diutocoinnews.com/2022/04/imf-warns-crypto-to-bypass-restrictions-and-sanctions/): The International Monetary Fund IMF in it&#8217;s latest warning about the widespread use of crypto assets in Nigeria and other emerging markets noted that it could be used to bypass capital restrictions and sanctions. According to the IMF’s Global Financial Stability&nbsp;Report, this is the case. The IMF paid increased attention to crypto-assets this quarter. Nairametrics reports that IMF had pushed for a worldwide regulatory framework to reduce the risks of financial interconnectivity in January. In its Global Financial Stability Report, the IMF urged for a coordinated strategy to crypto-assets. The IMF highlighted “the risk of fragmentation in payment systems and the [&hellip;]
- [Crypto Investors Made $162.7 Billion Gains In 2021, South Africa Among Top 50 Gainers.](https://diutocoinnews.com/2022/04/global-crypto-gains/): Overall, across all cryptocurrencies Chainalysis tracks, investors around the world showed total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020, USA tops the gainers list, while South Africa, the only African nation to make the top 50 list, settled at 38th position. South Africa was the only African country to feature in the top 50, accounting for $827.6 million in realized gains. This represents 0.51% of the total realized gains. Nigeria did not feature. A big majority of the gains, 93%, was made in bitcoin and ether, according to the report. It noted that there were [&hellip;]
- [Google is Hiring Talents to Drive Africa's First Product Development Centre](https://diutocoinnews.com/2022/04/google-product-centre-hiring/): Google is looking to hire talented Africans that will help drive the growth of its newly built Product Centre in Africa. Early this year, Google announced the development of its first product centre in Nairobi, Kenya. According to Proshare Report; Google indicated that the new facility will create transformative products and services for African people and the rest of the world and plans to hire visionary engineers, product managers, UX designers and researchers to establish the groundwork for extraordinary growth. The Nairobi Google Product Centre is looking to hire creative people who will assist in solving critical technical challenges, like improving [&hellip;]
- [Nigeria Public And Law Enforcement Has Been Urged To Stop Demonizing Crypto Industry.](https://diutocoinnews.com/2022/04/nigeria-public-law-enforcement-crypto-demonizing/): Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry, according to an association that advocates for the risk-based regulation of the crypto industry, financial institutions should not use a Nigerian central bank directive as basis for denying service to industry players. A blockchain and crypto industry association has told Nigerian public and law enforcement agencies to stop demonizing and discriminating against blockchain and crypto entities. In its latest press release, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) argues that Nigeria urgently needs risk-based regulation for cryptocurrency activities as well as [&hellip;]
- [Stonebwoy, In Ponzi, Crypto NFT Scam Saga.](https://diutocoinnews.com/2022/04/stonebwoy-in-ponzi-crypto-nft-scam/): TV personality, Bridget Otoo has called out Ghanaian musician on Twitter for his endorsement of collapsed Menzgold ponzi investment scheme that closed recently with investors funds unaccounted for . The call out follows latest Twitter post from the musician endorsing a digital crypto NFT project called &#8220;sidicoinclub&#8221;. Stonebwoy tweeted, &#8220;Every Hardworking Person Deserves To Make Money,The Future is NOW! Times Are Changing Anticipate the #SidiCoinNFT @sidicoin Join The #SidicoinClub Will Tell You More Later. #NFTsCommunity&#8221; The aggrieved person with the Twitter handle: @Bridget_Otoo, in a quoted tweet reply accused the musician of complicity in endorsing failed investment projects. &#8220;You are part [&hellip;]
- [Nigeria Leads Africa In Crypto Salary Withdrawals.](https://diutocoinnews.com/2022/04/crypto-salary-withdrawals/): Data from global hiring report shows that Africa, Europe and the Middle East account for 34% of crypto salary withdrawals with Nigeria accounting for the highest rate among Africans. The report published by cryptojoblist and CoinMarketCap revealed that in 2021, global hiring firm Deel&nbsp;published&nbsp;a report that noted a 10% month-over-month increase in people who want to be paid in crypto since November 2020.&nbsp; The data, pulled from over 100,000 contracts in over 150 countries, shows that Latin America (LATAM) and Europe, Middle East and Africa (EMEA) are on top of the regions that have employees taking a portion of their pay [&hellip;]
- [Three Central African Countries Plans To Adopt Cryptocurrency.](https://diutocoinnews.com/2022/04/african-countries-adopts-crypto/): Three Central African nations; Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo are reportedly planning to adopt cryptocurrency and blockchain solutions powered by The Open Network (TON). According to Bitcoin.com, separately, Cameroon is considering issuing a national stablecoin that is based on the same blockchain network. The Democratic Republic of Congo (DRC) is reportedly considering issuing a national stablecoin that is built on blockchain, a statement released by The Open Network (TON) has said. In addition, the DRC, along with Cameroon and the Republic of Congo, are planning to adopt cryptocurrency and blockchain-based solutions powered by the [&hellip;]
- [Metamask Warns iPhone/ Apple Users To Disable Automatic iCloud Backups To Avoid Hacking As User Lost $650k Digital Assets](https://diutocoinnews.com/2022/04/metamask-warns-iphone-apple-users-on-phishing-attack/): ConsenSys-owned crypto wallet provider MetaMask has sent out public warning to the it&#8217;s users community regarding Apple iCloud phishing attacks. The security issue for iPhone, Mac and iPad users is related to default device settings which see a user’s seed phrase or “password-encrypted MetaMask vault” stored on the iCloud if the user has enabled automatic backups for their application data. In a Twitter thread posted on Monday, MetaMask noted that users run the risk of losing their funds if their Apple password “isn’t strong enough” and an attacker is able to phish their account credentials. To fix the issue, users can disable automatic iCloud [&hellip;]
- [Alice SI Impact Investing; Crowdfunding and Managing Projects Through Proven Social Impact on Blockchain.](https://diutocoinnews.com/2022/04/alice-si-crowdfunding-projects/): What Is Alice SI ? Alice is a transparent social funding and impact management network built on the Ethereum blockchain, it is a decentralised social platform for measurable impact projects in the social finance / impact investing sector. &nbsp; Alice helps impact investors, governments and nonprofits fund projects with fully tracked impact data and low transaction costs. Its operations make payments conditional to verified impact, and they allow anyone to create and monetize transparent social funding. Alice pioneers end-to-end decentralisation in the impact sector. Their decentralised storage and data processing infrastructure allow our partners to enjoy full data security and their [&hellip;]
- [Kenyan Central Bank Governor Believes CBDC May Lead to Financial Exclusion](https://diutocoinnews.com/2022/04/kenya-central-bank-cbdc-financial-exclusion/): According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya due to high adoption of mobile phone banking means launching a central bank digital currency (CBDC) now, could lead to many citizens being financially excluded. According to the Business Daily report; The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, explained that the number of smartphone users in the country is not more than half of Kenya’s mobile phone users. This he warned will&nbsp; force delay in launching a CBDC. Official data show that 33 million or [&hellip;]
- [A review on Augur Prediction: Prediction Market](https://diutocoinnews.com/2022/04/augur-prediction-market/): Today, We&#8217;ll break down Decentralised Prediction Markets in layman&#8217;s terms.  We will look at what prediction markets are and how they work, and why are they important?. Furthermore, we will give you a beginner guide/review to Augur.&nbsp; What is Prediction Market. What is Augur Prediction. Getting started with Augur Prediction. Cryptocurrencies used in Augur. Payout and Market resolution Conclusion. What is a Prediction Market A prediction market is a market where people can buy and sell&#8230;predictions. Or, to be more precise, shares in predictions. You buy shares of a company on the stock market. In a prediction market, you buy shares [&hellip;]
- [Tanzania Finance Officials Call For Clear Global Concensus on CBDC](https://diutocoinnews.com/2022/04/tanzania-global-consensus-on-cbdc/): Tanzania’s finance officials have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets before final decisions are made by its government and world bodies. Interoperability of CBDCs Earlier before now, Tanzanian President Samia Suluhu Hassan asked the country’s finance chiefs to prepare for cryptocurrencies. The financial sector officials are now calling for a clearer global stance on central bank digital currencies (CBDC) and crypto-assets. Finance and Planning Minister Mwigulu Nchemba told a regional conference hosted by the Bank of Tanzania and International Monetary Fund that both topics needed more &#8220;thorough discussions&#8221; before the country could make [&hellip;]
- [Nigeria CBDC eNaira Ranks First In PwC Global Digital Currency Index:](https://diutocoinnews.com/2022/04/enaira-ranks-first-in-world/): The Nigeria Central Bank Digital Currency, eNaira led the retail project indexes of central banks globally in the 2022 PricewaterhouseCoopers’s (PwC) Central Bank Digital Currency (CBDC) Global Index. Titled ‘The race to digital money is on,’ the PwC index analyses and ranks the leading retail and wholesale CBDC projects. The Index also evaluates the current stage of CBDC project development by taking into account central bank opinion and public interest. PwC in its latest index report said that over 80 per cent of Central Banks are considering launching a Central Bank Digital Currency (CBDC) or might have done so already. “Retail projects in [&hellip;]
- [Bitcoin Price In Critical Situation; Crypto Price Prediction Shows.](https://diutocoinnews.com/2022/04/bitcoin-ethereum-price-prediction-today/): Bitcoin, ethereum and many altcoins have moved erratically over the last few weeks as the leading global economic policies stance puts pressure on markets—with a dogecoin break out taking traders by surprise. The bitcoin price has bounced around $40,000 per bitcoin through April, failing to find firm ground above the closely-watched level. The ethereum price is meanwhile hovering above $3,000 per ether even as a long-awaited ethereum upgrade was again pushed back this week. Forbes reports that, after one crypto exchange founder warned of coming &#8220;crypto carnage,&#8221; the chief executive of crypto lending company Nexo has issued a huge crypto price prediction, with a crypto [&hellip;]
- [Regenerative Finance, Dorahacks Crowdfunding Platform For Web3 Developers Community With DORA Crypto.](https://diutocoinnews.com/2022/04/how-to-use-dorahacks-crowdfunding/): What Is Dorahacks ? DoraHacks is a global hackathon organizer and one of the world’s most active Web3 developer communities. It provides Web3 native on-chain toolkits to help developers around through crowdfunding for their startups. In 2021 so far, more than 1,000 projects in the DoraHacks community have received over $12 million in grants and donations from worldwide supporters, and it has around 100,000 monthly active users from 152 countries. Over 20 mainstream Web3 ecosystems are already using Dora&#8217;s infrastructure for quadratic governance of their developer communities Dorahacks secured $8 million in strategic investment from Binance Labs, the venture capital arm and [&hellip;]
- [Naira Drops To N590 Per Dollar At P2P Market.](https://diutocoinnews.com/2022/04/naira-falls-to-590-1/): The exchange rate at the peer-to-peer market fell sharply to N590/$1 on Thursday morning, this is the highest rate recorded since Naira downward trend continues unabated in the forex market. It also represents a 0.51% depreciation compared to N587/$1 recorded in the previous trading session. Naira depreciated marginally by 0.01% on Wednesday, 13th April 2022 to close at N416.67/$1 compared to N416.62/$1 recorded in the previous trading session. The downturn is following a 21.19% drop in FX supply at the official market as only $113.72 million exchanged hands. The exchange rate at the parallel market closed flat at N588/$1 on Wednesday, [&hellip;]
- [Elon Musk Offers To Buy 100% Of Twitter For $43.4 Billion.](https://diutocoinnews.com/2022/04/elon-musk-offers-to-buy-twitter/): Tesla CEO Elon Musk has offered to buy social media giant Twitter after recently taking a 9.13% stake in the company. &#8220;I made an offer,&#8221; Elon twitted today with a link for his offer application on Securities And Exchange Commission. Elon Musk offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated Wednesday April 13 with the Securities and Exchange Commission. Musks current interest towards ownership of Twitter comes just days after he turned down a seat on the board following his acquisition of a 9.2 percent stake in the microblogging platform. Also Read: [&hellip;]
- [How to Use Polymarket Platform to Predict and Win Rewards](https://diutocoinnews.com/2022/04/how-to-use-polymarket-to-predict-and-win-rewards/): How to use Polymarket to predict and win rewards is a detailed guide for crypto Punters to earn rewards in crypto predicting the market on blockchain using cryptocurrencies. In today&#8217;s post, we talk about the information market and a platform known as polymarket, where you can make money by just predicting the outcome of an event. What is an Information Market? An information market is a marketplace where people can purchase and sell shares in the outcome of a future event.&nbsp; An information market is where people buy and sell shares on how a future event will resolve. Prices change in response [&hellip;]
- [Crypto Adoption Rate Grows In Nigeria With Over Third Of Nigerians; 35% Investing In Crypto/ Bitcoin: The Crypto Verse Report Shows .](https://diutocoinnews.com/2022/04/35-nigerian-invests-in-crypto/): A report; The Cryptoverse conducted by KuCoin shows that shows 35% of the adult population aged 18-60 in Nigeria are vested in bitcoin or other cryptocurrencies, the multiple survey reveals. The investor population is largely made up of a youthful population driven by Nigeria’s median age of 18.4 years old, which leads to 52% of the investors being below the age of 30. According Bitcoin Magazine, Nigeria hosts many long-term investors in the space as its currency, the Naira, has seen a 209% depreciation over a six-year period. 37% of investors in the space have been invested for over 3 years. [&hellip;]
- [Nigerians Diversify Traditional Assets into Cryptocurrencies To Counter Rising Fiat Inflation, Says Report](https://diutocoinnews.com/2022/04/nigerians-diversify-assets-into-cryptocurrencies/): Nigerians Diversify Traditional Assets into Cryptocurrencies To Counter Rising Fiat Inflation, Says Report Latest research reveals a staggering growth in crypto adoption across Nigeria, pivoted by limited access to affordable fiat-based financial services in Africa.&nbsp; KuCoin’s “Into the Cryptoverse Report” highlights that many Nigerian citizens have started using cryptocurrencies as a viable alternative to store and transfer assets. According to the crypto exchange report, 35% of the Nigerian population aged 18 to 60 — or 33.4 million people — have owned or traded cryptocurrencies during the last six months. Out of those people, nearly 17.36 million (or 52% of Nigerian crypto [&hellip;]
- [Steemit, A SocialFi Blockchain Social Media Web3 Platform, An Overview.](https://diutocoinnews.com/2022/04/steemit-blockchain-social-media-web3-platform/): Steemit a blockchain-based platform that aimed to differentiate itself from other social media companies by returning power to its users, rather than centralizing control among company executives. Steemit rewarded its users with cryptocurrency for posting, commenting on, and up-voting content on the site. What Is Steemit? Steemit is a decentralized social network specifically developed using STEEM blockchain technology. The main feature of the site is rewarding active users with Bitcoin. The internal Steemit cryptocurrency — named Steem, which has a value currently much less than Bitcoin — can be earned through posting, voting, commenting, curating, etc., and by just staying active [&hellip;]
- [Cameroon and Congo to Adopt TON Blockchain for Building the Country's National Stablecoin](https://diutocoinnews.com/2022/04/cameroon-congo-national-stablecoin-ton-blockchain/): Cameroon and the Democratic Republic of the Congo (DRC) recently disclosed plans to adopt TON, the layer-1 proof-of-stake blockchain, as the cryptocurrency and blockchain to drive future national economic progress. Congo is also reportedly considering launching a new national stablecoin built on top of the TON blockchain. “TON has been engaging with all three countries independently for some time and has taken the lead to deliver cryptocurrency and blockchain solutions for each nation. “These countries will each undertake a phased transition to adopting cryptocurrency as a central pillar of their economic structures,” the joint announcement notes. Read Also: Telegram Just Released [&hellip;]
- [WakandaInu Completes First Charity, Crypto For Good Project In Nigeria.](https://diutocoinnews.com/2022/04/wakandainu-charity-project-in-nigeria/): Wakandainu, African Meme coins have executed one if it&#8217;s projects for good in a charity round maintaining its stance on crypto regenerative finance model of the by establishing solar powered borehole for indigent community in Kwara, Nigeria. The token is classified as a meme coin made to create wealth for Africans. Meme coins are crypto tokens inspired by social media trends, jokes, or movies.&nbsp;However, Wakanda Inu’s wealth creation can be seen to be geared towards charitable intentions, a cause epitomized by its latest social welfare project in Nigeria. In April 2022, the Wakanda Inu team commissioned a water project in Kwara [&hellip;]
- [Mobile Money: CBN Grants MTN MoMo Payment Service Bank License](https://diutocoinnews.com/2022/04/mtn-momo-mobile-money-nigeria/): The apex bank have finally granted MTN&#8217;s MoMo PSB license to operate through a communicated receipt of the approval in principle from the Central Bank of Nigeria (CBN) for Momo Payment Service Bank Limited (Momo PSB). MTN Nigeria Communications Plc (MTN Nigeria) announces the receipt of a letter dated 8 April 2022 From the CBN addressed to Momo PSB conveying final approval to commence operations. The date of commencement will be communicated to the CBN in  accordance with its requirements. Read Also: Fintech Nigeria; Analysis of CBN Latest Regulations on Mobile Money. MTN Nigeria affirms its commitment towards the Financial inclusion agenda [&hellip;]
- [Regenerative Finance Gitcoin Grant: How To Get Funding For Your   Web 3 Projects And Earn Crypto As A Coder.](https://diutocoinnews.com/2022/04/how-to-use-gitcoin-grant-gtc/): What is Gitcoin Grant ? Gitcoin is the community of builders, creators, and protocols at the center of open web ecosystems. People come to Gitcoin to develop their future, and the future of the open internet. Gitcoin is a platform where coders and developers can get paid to work on open-source software in a wide variety of programming languages. Users can also submit their own project ideas to the Gitcoin platform in order to crowdsource funding from contributing donors. As a Regenerative Finance,Gitcoin Grant sets to build an internet that is open source, collaborative, and economically empowering by creating community and infrastructure [&hellip;]
- [Youth Corp Member Gifts 50% Of NFT Sale To An Octogenarian: The Subject Of The NFT.](https://diutocoinnews.com/2022/04/man-gifts-nft-sale-to-old-man-baba-onilu/): A National Youth Service Corp Member Adidas Olashile, shared a video on Twitter that he has given 50% of the 0.3 Ethereum he made from the sale of the picture of a random 80 year old drummer to the octogenarian, sending Twitter to frenzy of beautiful emotions. The work titled The Drummer , has the picture of the 80 year old drummer, with his drum string across his left shoulder while holding his drum stick in his left hand, beating the drum with a wide smile and a gaze straight to the camera lense. Adisa Olashile who is serving the mandatory [&hellip;]
- [NIN-SIM Deadline: 72 Million Active Nigerian Mobile Phone Subscribers Barred From Making Phone Calls. ](https://diutocoinnews.com/2022/04/mobile-phone-subscribers-barred-from-calls/): NIN-SIM Deadline: 72 Million Active Nigerian Mobile Phone Subscribers Barred From Making Phone Calls.&nbsp; Over 72 million active mobile phone subscribers have been barred from making calls on their SIMs, after a directive from the Federal Government to telecommunication companies. The Nigerian Government, on Monday, ordered telecommunications companies to bar outgoing calls on mobile lines not linked with the National Identification Number (NIN). Read Also: First Regulatory Framework For StartUps in Nigeria Underway. The Minister of Communications and Digital Economy, Isa Pantami, announced this in a statement on Monday. Some days ago, the Nigerian government again announced the extension of the [&hellip;]
- [South Africa Reserve Bank Completes Technical Proof Of Concept For Rand's Digital Currency.](https://diutocoinnews.com/2022/04/south-africa-cbdc-digital-currency-rand/): South Africa has moved further steps towards implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. Cointelegraph reports that the he project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with distributed ledger technology (DLT) for interbank payments&#8217; settlement, successfully replicating the banks’ “SAMOS” real-time gross settlement system. This second phase, PK2 was launched in February 2021 and tested DLT with clearing, trading and settlement within the proof-of-concept environment with industry participants Absa, FirstRand, JSE Limited, Nedbank and Standard Bank [&hellip;]
- [Bet9ja Website Hacked By Suspected Russian Blackout Group Demands Billion In Ransom.](https://diutocoinnews.com/2022/04/bet9ja-website-hacked/): Russian hackers have allegedly started targeting Nigerian websites, as Bet9ja, one of Nigeria&#8217;s leading betting platform falls prey. This is coming after the United States said it secretly removed malware from computer networks around the world in recent weeks, in its bid to pre-empt Russian cyber attacks. The Punch reports that the US said the move was necessary because of Russia’s plan to attack American critical infrastructure. It said the malware it removed enabled Russians to create ‘botnets’ — networks of private computers that are infected with malicious software and controlled by the G.R.U., the intelligence arm of the Russian military. [&hellip;]
- [Nigeria's Central Bank Places $2 Million Fines On 3 Nigerian Banks Over Crypto Trading.](https://diutocoinnews.com/2022/04/central-bank-of-nigeria-fines-banks-crypto/): The Central Bank of Nigeria has fined three Nigerian commercial banks a total of N800 million for failing to comply with regulations prohibiting banks from transacting in crypto currencies, affected banks are Stanbic IBTC Bank, Access Bank Plc, and United Bank for Africa UBA. Standard Bank Group Ltd was fined ₦200 million (~$481,000) for 2 accounts alleged to have been used for crypto transactions. Access Bank was fined ₦500 million (~$1.2 million) for failure to close customers’ crypto accounts, according to a filing with the Nigerian Exchange Ltd; and United Bank for Africa (UBA) was fined ₦100 million (~$240,000) for digital [&hellip;]
- [Paintswap The Biggest DeFi/ NFT Marketplace On Fantom Ecosystem Upgrades.](https://diutocoinnews.com/2022/04/paintswap-overview/): Recently Paintswap, announced an upgrade of its Platform stating that, &#8220;PaintSwap just got quicker! Smoother scrolling &amp; loading of all NFTs grids (Marketplace, Collection, Profile), 10x to 100x faster depending on the media, connection and source, Indexed over 1 million NFTs with IPFS fallback continuously synced with the blockchain.&#8221; PaintSwap Finance has the premier open NFT Marketplace on Fantom. It has a unique and sustainable yield farming AMM platform where 50% of farming rewards are locked for 3 months in the Art Gallery. The first project to create a video game built on the Fantom network, as well as many other [&hellip;]
- [Ronin, Axie infinity Play To Earn Crypto Heist: Sky Mavis, Binance Raises $150 Million Round For Affected Investors.](https://diutocoinnews.com/2022/04/sky-mavis-binance-raises-150-million/): Sky Mavis, the firm behind hit play-to-earn game Axie Infinity, raised a $150 million round led by Binance to reimburse user funds lost in the $625 million Ronin attack, the firm announced on Wednesday. Venture capital firm a16z, Dialectic, Paradigm and Accel also participated in the round. The funds from the new round as well as Sky Mavis and Axie Infinity&#8217;s balance sheets will ensure affected users are reimbursed, the gaming firm said. On March 23, validator nodes on Sky Mavis’ Ronin network and on Axie decentralized autonomous organization (DAO) were compromised, Sky Mavis said. The attacker used hacked private keys in order to [&hellip;]
- [Twitter To Create An Edit Button As Elon Musk Becomes A Board Member.](https://diutocoinnews.com/2022/04/twitter-to-create-edit-button/): Twitter has announced that it’s working to allow users to edit their tweets after posting them this will enable users fix any typos or errors in a tweet without affecting any replies, retweets, or likes it’s already got, plans to begin testing the feature with Twitter Blue subscribers in “the coming months&#8221;. The announcement comes the same day that Twitter said billionaire Elon Musk would be joining its board. On Monday evening, hours before Twitter announced Musk&#8217;s appointment to the board, Musk invited his followers to vote in a poll on whether the platform should support an edit feature. Musk&#8217;s tweet prompted Twitter CEO [&hellip;]
- [Bitcoin Whale Alert: Microstrategy Buys $190.5 Million Worth Of Bitcoin.](https://diutocoinnews.com/2022/04/microstrategy-buys-more-bitcoin-2/): MicroStrategy (MSTR), the bitcoin-accumulating business-intelligence software company, announced today, a purchase of another 4,167 BTC valued at $190.5 million. Purchases took place between Feb. 15 and April 4, MicroStrategy said in a statement Tuesday. The Tysons Corner, Va.-based firm paid an average of $45,714 per bitcoin. The cash used to purchase the bitcoins likely stems from proceeds of MicroStrategy&#8217;s recent $205 million loan from Silvergate Bank, Mark Palmer, an equity research analyst at BTIG, told clients in a note Tuesday. MicroStrategy now holds a total of 129,218 bitcoins, valued at around $6 billion at the current price of about $46,742. CEO Michael Saylor has said [&hellip;]
- [Status Network (SNT) A Crypto Web 3 SocialFi Messaging App, An Overview.](https://diutocoinnews.com/2022/04/what-is-snt-status-network/): What Is Status Network (SNT )? The Status Network SNT is an open set of projects building peer-to-peer technologies for people to transact securely, communicate freely, and organize with confidence. Status is a secure messaging app, crypto wallet, and Web3 browser built with state of the art technology available in mobile and desktop operating systems. Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017. It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app [&hellip;]
- [Airswap DEX Is Decentralizing Trade With P2P Swaps.](https://diutocoinnews.com/2022/04/airswap-dex-decentralized-p2p/): AirSwap is a decentralized peer-to-peer token trading network on Ethereum that aims to make global token trade secure, simple and economical. Crypto trading is steadily attracting the global masses for higher returns, freedom, and the security it affords. While centralized crypto exchanges are custodial, require traders to register and make deposits before they begin trading, decentralized exchanges (DEXs) are sometimes low on liquidity and don’t operate with the same security. AirSwap, as a peer-to-peer trading system, brings together the good from both to help in the free-flowing and reliable trading of all kinds of digital assets. Let’s learn how.&nbsp; &nbsp; AirSwap: [&hellip;]
- [Elon Musk Buys Stake In Twitter , Becomes Twitter Biggest Shareholder.](https://diutocoinnews.com/2022/04/elon-musk-buys-twitter/): Elon Musk bought a 9.2% stake in Twitter Inc. to become the social media platform’s biggest shareholder, a week after openly announcing his interest in a more democratized social media. According to Times report, Twitter shares surged about 26% in premarket trading after the regulatory filing released Monday detailing Musk buying the holding. The stake is worth about $2.89 billion, based on Friday’s market close. Musk, 50, polled his more than 80 million followers on Twitter last month, asking them whether the company adheres to the principles of free speech. After more than 70% said no, he asked whether a new platform was needed and [&hellip;]
- ['Huge Revelation’—Bitcoin  Positions For One Of Its Biggest Ever Weeks As The Prices Of Ethereum, BNB, XRP, Cardano, Solana And Luna Fluctuates.](https://diutocoinnews.com/2022/04/solana-bitcoin-bnb-ethereum-price/): Bitcoin and cryptocurrency prices have had an unpromising start to 2022 after plunging from all-time highs last year but recent trend shows that market may be on a rebound for a bull run. The bitcoin price had looked poised to break above $50,000 per bitcoin for the first time since December this month as investors cheered a wave of good news, however, its price has dropped back toward $45,000. Ethereum has also struggled—even as traders gear up for a huge upgrade—with the likes of BNB, XRP, cardano and solana also trending lower. Payment token luna has bucked the trend, Forbes Crypto reports. Now, with [&hellip;]
- [Celo Web 3 ReFi Project Gains Ground On Crypto Ecosystem.](https://diutocoinnews.com/2022/04/celo-web-3-refi-project/): Decentralized finance plays an important role in the future of web3, or the third generation of the Internet. However, companies have found it difficult to get DeFi projects into the hands of mainstream users. That’s where a project called Celo comes in. With their mainnet having launched back in 2020, the Celo project is a blockchain ecosystem that aims to connect cryptocurrencies to smartphone users. It gives people the ability to send money to anyone from their smartphones, using a decentralized network and smart contracts. How does the Celo project work? The&nbsp;Celo&nbsp;project has three main components, all of which have been [&hellip;]
- [New Crypto Jobs For You.](https://diutocoinnews.com/2022/04/crypto-jobs-africa-binance/): Business Operations Manager (Africa) Binance Lagos Full–time Job Description • Are you looking to be a part of the most influential company in the blockchain industry and contribute to the crypto-currency revolution that is changing the world? Responsibilities: Boost sales and contribute to our long term business growth by contacting and developing relationships with potential clients/agents/partners. Handle dispute on our P2P platform between trading parties, assist client with troubleshooting. Uncover customer&#8217;s unique needs and challenges. At least 3+ years of relevant experience in customer service/business development roles, preferably in finance or e-commerce industry . Knowledge or keen interest in Blockchain / [&hellip;]
- [Crypto Users Grew By 2,500% In Africa: Report Shows.](https://diutocoinnews.com/2022/03/crypto-users-in-africa-grew-by-2500/): Cryptocurrency adoption in Africa is growing at a high speed , despite regulatory obstructions, report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions in Africa constitutes roughly 2.8% of global volumes. Johnny Lyu, CEO of KuCoin, told Cointelegraph that “the adoption of digital assets in Africa will continue to grow exponentially,” adding that “African countries have the highest crypto adoption rate in the world, outperforming even the biggest regions such as the [&hellip;]
- [Bitcoin On Retraction Mood As Bakery Token Rallies To Over 50% Gain.](https://diutocoinnews.com/2022/03/bitcoin-at-46k-bake-token-50-increase-2/): Bitcoin has entered into a rally, and higher targets have come back into play, maintaining $45k price at downward trend as DeFi token BAKE leads gainers pack recording over 50% price increase. Corrections are essential for a healthy rally, and the price can experience a drawdown to lower support levels around $45K to verify the breakout and continue upwards. The next significant resistance is found in the $52K region, and if the channel’s upper trendline is broken, the mentioned will be unavoidable. The live BakeryToken price today is $1.25 USD with a 24-hour trading volume of $597,595,818 USD. We update our BAKE to USD [&hellip;]
- [Nifty Gateway NFT Marketplace Place Is On Latest Samsung Premium TVs.](https://diutocoinnews.com/2022/03/nifty-gateway-partners-with-samsung/): Nifty Gateway, non-fungible token (NFT) marketplace has announced partnership with the electronics giant Samsung, The firms have been working on the “first-ever smart TV NFT platform” which is ready, as Nifty Gateway has been integrated into Samsung’s 2022 premium TV product lines. During the first week of January, the electronics company Samsung revealed it was getting into non-fungible token (NFT) technology and NFTs would be introduced into the company’s TV products. At the time, Samsung didn’t get into too many details except that it would offer the first smart television product line with NFT capabilities. Now just over two months later, the Gemini-owned Nifty [&hellip;]
- [Solcial, A Web 3 Decentralized Social Media Platform Built On Solana Blockchain.](https://diutocoinnews.com/2022/03/social-decentralised-social-media-on-solana/): The Solana ecosystem is getting a social network. Solcial&nbsp;has raised $2.9 million to expand in a round led by Alameda Research with Solana Foundation, Rarestone Capital, GBV, Shift Capital and Noia Capital participating. According to CoinDesk, around 5% of Solcial’s planned SLC tokens are earmarked for seed funders, according to pseudonymous founder “Idris,” for a valuation of about $58 million. The platform, which has not yet launched, plans to build a hub for sharing content, following the news and even trading assets, in a censorship-free environment. It’s hardly the only crypto stab at hands-off social media (BitClout&nbsp;is perhaps best-known) though one [&hellip;]
- [Central Bank Completes The Linking Of SAND Dollar CBDC To Automated Clearing House (ACH).](https://diutocoinnews.com/2022/03/bahamas-central-bank-links-sand-dollar/): The Central Bank of The Bahamas (CBOB) announced the completion of its integration of the Sand Dollar with the Bahamas Automated Clearing House (BACH) system, opening the door for Sand Dollar to now be transferred from a digital wallet to any deposit account at a local commercial bank.&nbsp; According to The Nassau Guardian, CBOB Governor John Rolle said in&nbsp;a statement that the BACH link brings&nbsp;the Sand Dollar –&nbsp;the world’s first central bank digital currency – closer to existing in a “seamless ecosystem between the digital and physical versions of the Bahamian currency”. “After months of beta testing, troubleshooting and refining the [&hellip;]
- [Breaking: Axie Infinity Ronin Network Loses $625 Million In Latest DeFi Hack.](https://diutocoinnews.com/2022/03/axie-infinity-ronin-network-hacked/): The popular crypto gaming platform, Ronin Network that supports Axie infinity games, announced Tuesday a loss of over $625 million in USDC and ETH in latest hack of the GameFi network. According to a blog post published by the Ronin Network’s official Substack, the exploit affected Ronin Network validator nodes for Sky Mavis, the publishers of the popular Axie Infinity game, and the Axie Dao. Coin Desk reports that an attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two transactions. While the Ronin sidechain has nine validators requiring five signatures for withdrawals meant to protect against [&hellip;]
- [Solana Lab &amp; PUBG Are Cooking A Brand New Play To Earn Crypto Game, As Solana Price Rallies Up Following The Announcement.](https://diutocoinnews.com/2022/03/solana-labs-pubg-play-2earn-crypto-game/): South Korean gaming giant, Krafton founded by billionaire Chang Byung-gyu, is growing it&#8217;s crypto empire by partnering with blockchain startup Solana Labs to develop play-to-earn crypto games. The company behind the popular PlayerUnknown’s Battlegrounds (PUBG) video game announced on Wednesday that it had signed a business agreement with Solana Labs to make blockchain games that allow players to earn NFTs (non-fungible tokens). NFTs are unique digital assets stored on a blockchain that certifies ownership of a particular item such as in-game assets, photos or artworks Solana Labs is the company that developed the Solana blockchain, which has recently risen to challenge the dominance of Ethereum as [&hellip;]
- [Cryptocurrency Exchange, Quidax Unveils One of Africa's Biggest Music Producers as its Brand Ambassador](https://diutocoinnews.com/2022/03/quidax-brand-ambassador/): . . . Announces the launch of its Crypto Academy At a press conference on Tuesday, March 22, 2022, African founded cryptocurrency exchange, Quidax announced that it will be collaborating with popular record producer, Micheal Collins popularly known as Don Jazzy. The crypto start-up had launched an online campaign last week with #TheQuidaxCall. The campaign which started on Tuesday, 15th March saw Quidax reveal celebrities like; Diane Russet and Bisola Aiyeola, both of whom are actresses and are former reality stars of Big Brother Naija. They also unveiled popular actor Timini Egbuson and celebrity Chef, Gbubemi Fregene aka Chef Fregz as [&hellip;]
- [Google Warns Billions Of Chrome Users Of Security Attack, Issues Emergency Update.](https://diutocoinnews.com/2022/03/google-issues-emergency-update-on-chrome/): Software global giant Google has issued an emergency security update for all Chrome users as it confirms that attackers are already exploiting a high severity zero-day vulnerability. Therefore, all Chrome users are therefore advised to ensure their browsers are updated as a matter of urgency. The emergency update to version 99.0.4844.84 of Chrome is highly unusual in that it addresses just a single security vulnerability. A fact that only goes to emphasize how serious this one is. The company said it “…is aware that an exploit for CVE-2022-1096 exists in the wild,” implying that every Chrome user is vulnerable. Zero-day is [&hellip;]
- [List Of Popular Decentralized Exchanges (DEX)](https://diutocoinnews.com/2022/03/list-of-popular-decentralized-exchanges-defi/): Decentralized exchanges (DEXs) are growing in popularity. DEXs facilitate peer-to-peer trading by relying on automated smart contracts to execute trades without an intermediary. There are all kinds of DEXs catering to different types of users and built on a wide variety of blockchain ecosystems. Platforms can feature a broad range of infrastructural implementations and system architecture. Many crypto DEXs offer innovations in order books, liquidity pools, or other decentralized finance (DeFi) mechanisms like aggregation tools for new and experimental financial instruments. Let&#8217;s explore some of the most popular DEXs and what makes them stand out. What Is A Decentralized Exchange? A&nbsp;decentralized [&hellip;]
- [Elon Musk To Launch A New "Twitter" For Free Speech With Dogecoin Tip Feature.](https://diutocoinnews.com/2022/03/elon-musk-plans-new-twitter-launch/): Elon Musk today announced plans to launch a new social media platform to rival Twitter on the backdrop of controversies surrounding Twitter algorithms. &#8220;Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?&#8221; Elon Musk asked in a tweet post. Some argues that unregulated social media platform of such nature as desired by Elon Musk will breed bots and increase spread of fake news, propaganda and scams . One of his followers asked of the potential of the new platform having a Dogecoin Tip jar, Elon [&hellip;]
- [Exxon Mobil To Start Bitcoin/Crypto Mining In Nigeria.](https://diutocoinnews.com/2022/03/exxon-mobil-bitcoin-mining-in-nigeria/): Oil giant, Exxon Mobil Corp. plans to run pilot program in Nigeria using excess natural gas that would otherwise be flared off from it&#8217;s Qua Ibom oil terminal to power cryptocurrency-mining operations and reduce gas emissions. Qua Iboe Terminal is one of Nigeria’s largest export facilities and plants in which Exxon Mobil owns 40% interest in the field production mix. The terminal is located on the eastern side of the Qua Iboe river estuary and contains nine crude oil storage tanks with a total capacity of 4.5 million bbls (Billion barrels of petroleum liquids). The production currently averages approximately 320kbd (Thousands of [&hellip;]
- [Project Symbiosis Finance Backs Strategic Investment From Binance Labs.](https://diutocoinnews.com/2022/03/symbiosis-finance-token-binance-lab/): What is Symbiosis Finance? Symbiosis Finance is a decentralized multi-chain liquidity protocol that enables users to perform any crypto token swaps across multiple blockchains with a single click. At present, the protocol supports 4 networks including BNB Chain (formerly BSC), Ethereum, Polygon, and Avalanche, with more networks to be expanded in the upcoming future. The project has plans to launch the second version of its protocol — so-called Symbiosis v.2 — with an implemented sidechain, smart order routing, cross-chain farming, as well as unified AMM pools. Binance Labs saw the project as a major contributor to the crypto industry’s multi-chain future, [&hellip;]
- [Kenyan Central Bank Threatens To Withdraw Lisence Of Banks Engaging in Crypto.](https://diutocoinnews.com/2022/03/kenyan-central-bank-warns-banks-against-crypto/): The Kenyan central bank governor has again warned Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading, threatening financial institutions supporting cryptocurrency transactions that they risk losing their licenses. The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has reiterated that his institution still opposes cryptocurrency transactions. The governor also suggested that Kenyan citizens must always be wary of investing in highly volatile asset classes such as cryptocurrencies. In remarks published by the East African newspaper, Njoroge — who was addressing Kenyans that attended the World Consumer Rights Celebration Day — suggested that investing in [&hellip;]
- [Don Jazzy Buys Bored Ape Yatch Club For Over 186 Million Naira.](https://diutocoinnews.com/2022/03/donjazzy-buys-bayc-for-186-million/): Music producer and crypto investors has purchased the popular NFT brand, Bored Ape Yatch Club BAYC at whopping cost of over N186 Million today, he revealed this in a live video of the purchase posted on his Twitter page. The BAYC purchased by DonJazzy is the collection titled #8752. The information on Opensea the market place for the Bored Ape Yatch Club shows that the present worth of the NFT is 92.1131 Ethereum which is $281,306.16. The NFT on Opensea shows that the owner is DonJazzy. The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique [&hellip;]
- [Augur: A Decentralized Crypto Betting/ Prediction Market Platform](https://diutocoinnews.com/2022/03/augur-decentralized-prediction-betting-market/): Today’s betting Industry trades on promises of getting rich quick, using every trick in the book to extract the maximum value from customers, and at the same time, their best bettors are penalised by lowering their limits and closing their accounts. &#8220;Blockchain-based prediction markets may be the one force strong enough to counterbalance the spread of incorrect information on social media. They give people a financial incentive to seek the truth and then protect them with the twin shields of pseudonymity and decentralization&#8221; Launched in 2018, Augur is a peer-to-peer protocol for prediction markets, in which users receive payouts when they predict a winning outcome. Additionally, [&hellip;]
- [What Are Prediction Markets On Blockchain ?](https://diutocoinnews.com/2022/03/prediction-markets-on-blockchain/): The versatility of Blockchain allows all sorts of technology applications to be built on it. Crypto ecosystem usually comes to mind , but blockchain usage cuts across and crisscrosses many functions. Financial assets can be either physical objects (tangible) or digital goods (intangible). But regardless of the type, where there are assets that hold value, there is a potential market. This article will take a look at prediction market which could benefit significantly from blockchain technology. What are prediction markets? A prediction market is a speculative market where participants trade not on options or cryptocurrencies, but instead on information. Specifically, investors in prediction [&hellip;]
- [Bored Ape Yatch Club Metaverse Is Coming, as Yuga Labs Raise $450 Million To Build For NFT Metaverse.](https://diutocoinnews.com/2022/03/bayc-metaverse-is-coming/): Following it&#8217;s recent launch of Apecoin, Yuga Labs, the company that owns the three of the biggest NFT brands on the market at the moment, has raised $450 million in funding at a $4 billion valuation, the company announced today. The team behind Bored Ape Yacht Club plans to use the money to build a media empire around NFTs, starting with games and its own metaverse project.null According to The Verge report, The team describes its metaverse project, called Otherside, as an MMORPG meant to connect the broader NFT universe. They hope to create “an interoperable world” that is “gamified” and “completely [&hellip;]
- [Dollar Hits N590, Forex Scarcity Worsens.](https://diutocoinnews.com/2022/03/dollar-to-naira-rate-hits-590/): The continued foreign exchange scarcity in Nigeria has worsen even as the exchange rate on the parallel market is inching towards N590/$1, recent forex market report shows. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria. This comes over eight months after the Central Bank of Nigeria stopped the sale of forex to Bureau de Chang1e operators and promised to boost liquidity in commercial banks. Checks by Diutocoinnews on Tuesday showed that the exchange rate stood at N585/$1 and 785/£1 on the black market as against the N582/$1 last Friday. This [&hellip;]
- [Just In: Trust Wallet Has Been Removed From App Stores.](https://diutocoinnews.com/2022/03/trust-wallet-removed-from-app-stores/): The official crypto wallet of Binance has been temporarily removed from iOS app store, the developers announced today. A search carried out by Diutocoinnews on iOS devices revealed that the cyptocurrency wallet is unavailable at the time of this report on apple play store. The developers of the Trust Wallet crypto wallet reported that the application has become temporarily unavailable in the App Store for iOS users. Trust wallet team has assured it&#8217;s users that their funds are safe. &#8220;Please , rest assured that your funds are not affected because the assets are stored on-chain, and you have full control over [&hellip;]
- [Price Analysis: Bitcoin Price Action Over the Last 48Hrs. ](https://diutocoinnews.com/2022/03/48hrs-bitcoin-price-analysis/): As of the time of writing this report, the global crypto market cap is $1.87T, a 0.99% increase over the last day. The total crypto market volume over the last 24 hours is $88.86B, which makes a 10.37% increase. The total volume in DeFi is currently $13.40B, 15.08% of the total crypto market 24-hour volume. The volume of all stable coins is now $74.55B, which is 83.90% of the total crypto market 24-hour volume. Bitcoin&#8217;s price is currently $41,038.90.&nbsp; Bitcoin’s dominance is currently 41.67%, a decrease of 0.54% over the day. Technical Analysis.&nbsp; Bitcoin struggled to clear the $42,500 resistance against [&hellip;]
- [Mask Network: Web3 Social Media (SocialFi) Tool For Connecting Web2 Social Media Users Into Web 3.0](https://diutocoinnews.com/2022/03/mask-network-socialfi-social-media-tool/): Mask Network brings web3 privacy and decentralized benefits to the web2 social media (socialfi) platform making it easier for web2 platforms to switch to web3 features and integrate decentralised features. Mask Network a socialfi tool started with integrating into Twitter to allow users to encrypt messages that they can send to friends and keep them out from prying eyes. Mask Network socialfi tool evolved into offering more and more features including integrating refi into social media platforms. Read Also: Why Are Social Media Platforms Shifting To SocialFi ( Social Media On Blockchain)? Features of Mask Network Encrypt Messages: Use the mask [&hellip;]
- [Ren Releases Cross-Chain DEX(Zero Wrapped Token DEX) Catalog to Actualize It's L1 Vision.](https://diutocoinnews.com/2022/03/ren-cross-chain-dex-catalog/): Overview. What Is Ren (REN)? Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms with having to wrap or unwrap tokens Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018. The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains. Three reasons for the potential price reversal in REN [&hellip;]
- [Domain Name Indentity Ownership Verification for Web 3.0.](https://diutocoinnews.com/2022/03/web3-domain-name-identity-verification/): Domain Identity Verification on Web3. Web3 Use cases — like NFTs, smart contracts (DApps), decentralized domain names and DAOs — are transforming our digital experience, and each one of them increases the complexity and value of verifying our humanity as we collectively experience the met averse and decentralized web. Digital identities have been around for years. However, in Web2, they’re fragmented across different platforms and networks that we didn’t build nor own. If we want permission to use them, we have to agree to let them use us right back. Every day, we unknowingly give our personal data to companies in [&hellip;]
- [Crypto BootCamp Community to Promote Networking in the Crypto Industry Through Meet &amp; Greet Event](https://diutocoinnews.com/2022/06/crypto-bootcamp-community-meet-and-greet-event/): Networking has become an indispensable tool for every industry&#8217;s growth and the blockchain sector is no exception. Networking bridges the gap between enthusiasts and top industry players that can help supercharge their careers. For individuals seeking a platform that helps them connect with like-minded people in the blockchain and crypto industry, &#8220;Crypto Meet And Greet&#8221; is poised to serve well. Crypto Meet &amp; Greet, led by Obinna Iwuno, Head and Founder of the Crypto Bootcamp Community, is a Networking, Recreational and Expository campaign that will be held in a plethora of cities within Africa, creating an interactive ecosystem of innovation and [&hellip;]
- [Today Is Social Media Day and Here are Four Most Common Mistakes on Crypto Social Networks.](https://diutocoinnews.com/2022/06/social-media-day-crypto-social-networks/): World Social Media Day was launched by Mashable on June 30, 2010. It was born as a way to recognize social media&#8217;s impact on global communication and to bring the world together to celebrate it. Everyone uses social media every day; it&#8217;s how we connect with people all over the world in a simple and fast way. The journey of social media has evolved from being a medium to exchange ideas to becoming an intrinsic tool to understand and gauge consumer insights for business such as crypto. &nbsp;&nbsp; Here are common mistakes people make on crypto social networks; 1. Double Checking [&hellip;]
- [N22 Billion Naira Fraud: MTN Sues Nigerian Banks.](https://diutocoinnews.com/2022/06/mtn-sue-nigerian-banks-fraud-mobile/): Telecommunications giant MTN is suing 18 Nigerian banks to court over a ₦22.3 billion ($53.7 million) mobile money fraud. In the suit dated May 30, MTN is alleging that its recently-licensed mobile money Payment Service Bank, MoMo, has suffered a fraudulent loss from its partner banks. MTN claims that the amount was transferred in error to 8,000 accounts maintained by the 18 banks’ customers.  According to the suit, Chief Executive Officer of MoMo PSB, Anthony Usoro Usoro, also claimed that the fraud was committed over a total of 700,000 transactions, over a one-month period. Upon realising the fraud on May 24, MoMo [&hellip;]
- [Bitcoin Falls Bellow $20k Again! Reasons Why Crypto Market Is Struggling In June.](https://diutocoinnews.com/2022/06/bitcoin-price-today-bear-crypto-market/): Bitcoin price on Thursday succumbed to bears attack, plunging below $20,000 once again, against predictions that the new rally had already started and that Bitcoin is now going to run toward the previous ATH. In today&#8217;s trading session, Bitcoin briefly dropped below $20,000 but then returned above $20,000 and is now consolidating at the support level. Unfortunately, there is not much of a volume on the trading pair, suggesting that investors and traders are not yet ready to support another rally, not short the digital gold. Why is Crypto Market Struggling In June? Here Are The Reasons. Bitcoin miners have been forced to tap into [&hellip;]
- [Central African Republic Crypto Initiative Project Resumes Following Adoption.](https://diutocoinnews.com/2022/06/central-african-republic-crypto-initiative-adoption/): In an announcement made earlier in the week on Twitter, Touadéra&nbsp;said&nbsp;the CAR government would be launching Sango, a crypto initiative&nbsp;proposed&nbsp;following the country’s adoption of Bitcoin (BTC) as legal tender in April. According to Sango’s website, the government intends to launch the program during a July 3 event in which the president, members of his cabinet and industry experts will discuss the physical and&nbsp;digital infrastructure&nbsp;needed for the CAR to enter the crypto space, as well as the legal framework for the country. The Sango project’s plans include building a “legal crypto hub” aimed at attracting businesses and global crypto-enthusiasts, expanding the adoption [&hellip;]
- [Fintech Firm Piggy Vest Acquires Nigeria Payment/ Social App Abeg.](https://diutocoinnews.com/2022/06/nigeria-piggy-vest-acquires-abeg/): Popular Nigerian payment app and social commerce platform Abeg on Monday announced it&#8217;s rebranding Pocket by Piggyvest, following it&#8217;s acquisition by online savings platform Piggy Vest. The rebranding comes as the news of the newly named Pocket will be granted a mobile money operator license by the Central Bank of Nigeria (CBN) after received an Approval In Principle (AIP) from the CBN. Receiving an AIP is the first step toward final approval from the CBN. The new license will enable Piggytech Global LTD, Pocket’s parent company, to offer its customers a range of mobile money services. These include wallet creation and management, eMoney [&hellip;]
- [Central Bank of Morocco Set To Unveil Crypto and Bitcoin Regulation Bill](https://diutocoinnews.com/2022/06/morocco-central-bank-crypto-regulation-bill/): The central bank of Morocco has announced that the country is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. This will make Morocco first African Central Bank aside CAR to launch a crypto bill. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded. Also Read : Morocco Leads North Africa In Crypto Trading Volume Despite Govt Ban. In addition to addressing issues around the regulation of cryptocurrencies, Jouhari hinted that the framework being worked on will also [&hellip;]
- [$24.5 Billion Grant For Nigeria Start-ups With Technology Fix For Power Shortage.](https://diutocoinnews.com/2022/06/24-billion-grant-for-nigeria-start-ups/): Are you a Nigerian startup that has a technology driven solution to provide electricity and end energy problem? Can you develop market-based technologies and business models that accelerate access to clean, modern and affordable energy in Africa, Asia and the Indo Pacific regions. There is a whooping&nbsp;$24.5 billion&nbsp;grant available to startups that can deliver effectively on this project. Application for pitch which closes by 10th August would require potential Nigerian in­novators to partner with a UK innovator to submit pitches. The programme, will also leverage financial and advisory support, build strategic partnerships and uncover new insights to provide energy solutions to improve [&hellip;]
- [Here Are 5 Cryptocurrencies To Watch This Week...](https://diutocoinnews.com/2022/06/cryptos-to-watch-this-week/): Smaller-sized investors have been using the decline in Bitcoin to build their position to at least one Bitcoin. Glassnode data shows that the number of Bitcoin wallet addresses that have more than one Bitcoin rose by 873 between June 15 to June 25. Could the recovery in Bitcoin and altcoins pick up momentum? Let’s study the charts of the top 5 cryptocurrencies that could charge higher in the short term. Here are five cryptocurrencies with the potential to provide life-changing gains this week and in the coming years. BTC/USDT Bitcoin’s relief rally is facing stiff resistance near $22,000 as seen from [&hellip;]
- [$100 Million In Crypto Has Been Stolen In A Big  Hack.](https://diutocoinnews.com/2022/06/100-million-crypto-hack-harmony/): Hackers looted about $100 million from Harmony’s HARMONYONE&nbsp;Horizon bridge, the latest cross-chain protocol to be hacked in crypto ecosystem, suffering a loss that represents two-thirds of its total capital. Blockchain&nbsp;Harmony&nbsp;said in a&nbsp;tweet&nbsp;that the hack of its Horizon bridge, which lets people swap coins between different blockchains, took place Thursday morning. It has “begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” The post noted that the hacker stole a mix of blockchain tokens ether and BNB, stablecoins UDST, USDC, and dai, and DeFi tokens AAVE and SUSHI . In response to the hack, the team [&hellip;]
- [Bitcoin Struggles At 21k, Ethereum Records 10 Days  High: Crypto Price Analysis.](https://diutocoinnews.com/2022/06/bitcoin-altcoin-price-analysis/): As crypto market recovers from recent sharp fall,Ethereum the leading altcoin, is currently trading above $1,200 (at a 10-day high) after an 8% spike in a single day, even though top altcoins have been regaining some of their recently lost value more impressively than bitcoin. BTC seems to be different, buyers were able to move forward with horizontal resistance at 0.058 BTC. However, the overall structure is still bearish. Unless the bulls can push the price above the horizontal resistance at 0.065 BTC, one can not hope for a change in the trend. The most valued cryptocurrency according to market estimate [&hellip;]
- [Amazon Is Set To Open First Africa's Branch In Nigeria.](https://diutocoinnews.com/2022/06/amazon-open-in-nigeria-africa/): Amazon, an American global giant e-commerce company, owned by Jeff Bezos says it has concluded plans to open branches into five countries across Africa, Europe, and South America in April 2023, while maintaining its base in the United States. The moves will likely mean more competition for local e-commerce companies, including Jumia, which operates across Africa. According to a report by Business Insider, the company will be expanding to five countries across Africa, Europe, and South America, while maintaining its base in the United States. The five countries are Belgium, Chile, Colombia, Nigeria, and South Africa. Amazon, which currently runs in 20 different [&hellip;]
- [University of Namibia Set to Offer Master's Degree in Blockchain Technology in 2024](https://diutocoinnews.com/2022/06/masters-degree-in-blockchain-university-of-namibia/): University of Namibia will start offering a master’s degree in blockchain technology starting in the year 2024, a senior employee with the institution has said. ‘Blockchain In Africa’ University of Namibia (UNAM), is set to offer a blockchain technology-related course starting in 2024, the university’s head of the IT department, Samuel Nuungulu, has said. Nuungulu, the chairperson of UNAM’s steering committee on the MSc on blockchain technology, explained that by introducing the degree program the university hopes to “lay the foundation for possible incubation of tech-startup out of the skills this program would create in the country.” “Blockchain is the future [&hellip;]
- [NASD Nigeria to Deploy Digital Securities Market by Leveraging Blockstation Platform Following SEC Rulebook](https://diutocoinnews.com/2022/06/nasd-nigeria-blockchain-digital-securities-market/): NASD OTC Securities Exchange is pleased to announce that it will soon launch a new Digital Securities Platform (N-DSP) through its new Master Agreement with Blockstation and regional partner TK Tech Africa, following the recent publication of the Nigeria Securities &amp; Exchange Commission’s (SEC) Digital Asset Rulebook. An exchange specializing in capital formation for companies in West Africa, NASD expects the Blockstation platform to create a fast-track for issuers to tokenize their assets, raise funds, and connect with a global investor pool.&nbsp; Further, the platform serves all ecosystem stakeholders including issuers, brokers, custodian banks, depositories, regulators, and investors, providing secure, end-to-end [&hellip;]
- [Zimbabwe Blockchain Entrepreneur Uses Celo/DeFi For Community Development Activities.](https://diutocoinnews.com/2022/06/zimbabwe-crypto-bitflex/): Tendayi, a Zimbabwean crypto enthusiast, is on a mission to redefine cryptocurrency by building blockchain infrastructure through Celo to improve the lives of many Zimbabweans. “We support ten vulnerable women through crypto every day with a dollar a day, and we also support five kids through school for the next two years. And this is all through crypto.” he said. Tendayi’s started coming up with ideas. He could see blockchain and crypto solving problems unique to Zimbabwe, so he built BitFlex as a layer two blockchain on Celo, and his journey building with blockchain began. BitFlex is a fintech platform that bridges the [&hellip;]
- [Learn Mobile App Development (Android) and Earn $112K Yearly on Remote as a Student.](https://diutocoinnews.com/2022/06/learn-mobile-app-development/): Learn and become an Android Mobile App Developer in 180 days and start earning an average of $112,000 per year as a remote worker. This will help you as a Nigerian Student to make a living for yourself. This article will help you organise yourself and schedule and become a better you, earning a lot after six months of learning. What would you need? Let’s get started. What is Mobile App Development? Simply understand that mobile app development implies building any application that runs on an android mobile device.&nbsp; Requirements: Laptop: Windows x64, 500GB Internet Connection Passion and Willingness Two – [&hellip;]
- [Binance Signs Cristiano Ronaldo for Exclusive Partnership](https://diutocoinnews.com/2022/06/binance-partners-with-cristiano-ronaldo/): Legendary Portuguese footballer to release multiple NFT collections per year PARIS, JUNE 23 – Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, today announced that it has kicked off an exclusive, multi-year NFT partnership with Cristiano Ronaldo, one of the greatest footballers to ever play the game. Through this partnership, Binance will launch a global campaign aiming to give Ronaldo’s fans an introduction to Web3 with a compelling entry point into the world of NFTs. Over the course of the agreement, Cristiano Ronaldo and Binance will create a series of collections for sale exclusively on the Binance NFT platform. [&hellip;]
- [Crypto.com To Introduces Rand Wallet For South Africa.](https://diutocoinnews.com/2022/06/crypto-com-rand-wallet-south-africa/): Cryptocurrency exchange Crypto.com has announced that it is launching a rand wallet, non-rand fiat wallets would be disabled for its South African customers, any remaining non-rand fiat balances after 10 July 2022 will be converted to USDC (Circle’s stablecoin). “We have partnered with a local bank to compliantly offer certain products and services that are in line with local regulations, applicable law, and customer demand,” a spokesperson told MyBroadband. Crypto.com is known for buying the naming rights to the Staples Centre stadium (now the Crypto.com Arena), which is home to the Los Angeles Lakers basketball team. This was in addition to [&hellip;]
- [Nigeria Rejects Naira Exchange Rate Unification Call From IMF ](https://diutocoinnews.com/2022/06/naira-exchange-rate-unification/): President Muhammadu Buhari has said his administration cannot unify the naira exchange rates because the local unit is still “susceptible to external shocks” that can affect Nigerians. The president said this in a written response to Bloomberg when asked why his government has not heeded calls from the International Monetary Fund and World Bank to unify the exchange rates at the official and parallel markets. “The exchange rate is still susceptible to external shocks that can suddenly and severely affect Nigerian citizens,” Mr Buhari said. Read Also: Nigeria Stock Exchange (NGX) To Enable Blockchain-Based Trading Platform Next Year. He said the [&hellip;]
- [Bank Of International Settlement to Launch Crypto Market Intelligence Platform.](https://diutocoinnews.com/2022/06/bank-of-international-settlement-projects/): The Bank for International Settlements (BIS) Innovation Hub announced earlier in the week a new set of projects across its various centres, updating its 2022 work programme, they include; Eurosystem Centre and the first comprehensive explorations in cyber security. Morocco, Algeria and South Africa are the only three Central Bank members of the financial organization who have the right to vote also on decisions. Most central banks researching retail CBDCs try to emulate the traditional model, known as the &#8220;two-tier architecture&#8221;, in which money is provided to the public via intermediaries such as banks and payments services providers. Building on the [&hellip;]
- [Learn and Become a Full Stack Developer and Earn $135K Yearly on Remote as a Student.](https://diutocoinnews.com/2022/06/become-full-stack-developer-earn-as-student/): Learn and become a Full Stack Developer in 180 days and start earning an average of $135,000 per year as a remote worker. This will help you as a Nigerian Student to make a living for yourself. This article will help you organise yourself and schedule and become a better you, earning a lot in two years. What would you need? Let’s get started. Who is a Full Stack Developer? Simply understand that a full stack developer is someone who has complete knowledge of both frontend and backend web development and database management. Requirements: Laptop: Windows x64, 500GB Internet Connection Passion [&hellip;]
- [Learn DevOps in 180 Days and Earn an Average Salary of $114K Yearly on Remote as a Student](https://diutocoinnews.com/2022/06/learn-devops-in-180days/): Learn and become a DevOps Developer in 180 days and start earning an average of $114,000 per year as a remote worker. This will help you as a Nigerian Student to make a living for yourself. This article will help you organise yourself and schedule and become a better you, earning a lot in two years. What would you need? Let&#8217;s get started. Requirements: Laptop: Windows x64, 500GB Internet Connection Passion and Willingness One &#8211; Two hours daily Consistency&nbsp; Resources: Linux and Networking: If you are getting started as a beginner. You will have to start with this recommended Udemy course [&hellip;]
- [Nigeria Bitcoin Transactions Doubled In May](https://diutocoinnews.com/2022/06/nigeria-bitcoin-transactions-doubled-in-may/): A cryptocurrency trading platform, paxful has reported a surge in weekly transactions on its Lightning Network, noting that the deposit volume increased by 54 per cent in April. This is despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country and the crashing prices of cryptocurrencies globally. According to the trading platform, the volume of money sent by Nigerians via the network doubled from October 2021 to May 2022. The statement from Paxful read in part, “Paxful, the leading global peer-to-peer (P2P) fintech platform announced that weekly transactions on the Lightning Network have increased tremendously.” It added, “In [&hellip;]
- [South Africa's Adult Investment In Crypto Stands At 22%](https://diutocoinnews.com/2022/06/south-africa-adult-crypto-investment-22/): A new research report shows that about 22 per cent of adults in South Africa are cryptocurrency investors according to a study by Kucoin. This translates to 7.6 million people aged between 18 and 60. The study also found that 65 per cent of crypto investors in the nation ‘consider crypto to be the future of finance.’ According to the report, South Africa is the most advanced African country in financial terms, making its economic environment favourable for the development of new technologies. It said a large percentage of users seem to prefer lower-risk products, such as digital assets as a means [&hellip;]
- [List Of Best 9 Website To Learn Web Development.](https://diutocoinnews.com/2022/06/list-of-best-web-development-websites/): Are web developers in high demand? Yes. The BLS projects 8% growth for web development jobs between 2019-2029, double the national average for all occupations. You can go from no-code to an in-demand web developer. Web development is the process of building websites and applications for the internet, or for a private network known as an intranet. Web development is not concerned with the design of a website; rather, it’s all about the coding and programming that powers the website’s functionality. From the most simple, static web pages to social media platforms and apps, from e-commerce websites to content management systems (CMS)—all the [&hellip;]
- [Bitcoin Crashes Below $20k, As Elon Musk Faces $258 Billion Lawsuit Over Dogecoin Racketeering.](https://diutocoinnews.com/2022/06/bitcoin-crashes-dogecoin-ponzi-elon-musk/): For the first time since December 2020, the price of bitcoin BTC traded below $20,000 on Binance, the crash follows speculative rumours on the crypto market, as Elon Musk, Bitcoin biggest influencer is sued for over $200 billion for Dogecoin ponzi pyramid fiasco. Bitcoin’s price has just crashed below the iconic previous all-time high of 2017 at $20,000. This happens as the entire market tumbles amid rampant rumors and ongoing challenges. As of writing these lines, the cryptocurrency dropped to a low of $19,066 on Bitstamp Exchange, which is below the iconic previous all-time high from 2017 – $19.7K. In a [&hellip;]
- [Kenya Arrests Gang Of Student Hackers Buying Bitcoin With Stolen Money.](https://diutocoinnews.com/2022/06/kenya-student-hackers-email-phishing-arrest/): Today, the Kenya&#8217;s Directorate of Criminal Investigation (DCI) has arrested a gang of Kenyan students who specializes in hacking foreigners’ email credit cards through email phishing. The students create fake emails to steal the passwords and credit card information of unsuspecting victims before using the money in these credit cards to purchase bitcoin, which they then convert to Kenyan currency. The directorate said it arrested the criminal gang who were operating out of Milimani, an affluent estate in Nakuru City,&nbsp; the country’s fourth largest city. Members of the gang include 2 students of the Kenyatta University, Francis Maina Wambui, alias Nick, [&hellip;]
- [Nigeria and Kenya Central Banks Condemns Crypto, Promotes Central Bank Digital Currencies.](https://diutocoinnews.com/2022/06/kenya-nigeria-central-bank-crypto-cbdc/): Top Central Bank executives from Nigerian and Kenyan central said that cryptocurrencies are too volatile to become an acceptable payment method, insisting that cryptocurrencies pose a risk to financial stability. The bankers namely, Kingsley Obiora, the deputy governor of the Central Bank of Nigeria (CBN) and the Kenyan central bank governor Patrick Njoroge, believe that a central bank digital currency has a better chance of narrowing the financial exclusion gap. The central bankers added that only a central bank digital currency (CBDC) can reduce the cost of transacting. In the report, Obiora, who spoke at an International Monetary Fund (IMF) moderated [&hellip;]
- [South African Radio OAP Accused of Bitcoin Fraud Threatens Legal Action.](https://diutocoinnews.com/2022/06/south-africa-radio-presenter-bitcoin-fraud/): Sebasa Mogale, the South African Thobela FM presenter accused of swindling investors through his bitcoin investment scheme, has threatened to take legal action against individuals filing fraud claims against him with law enforcement. According to the radio presenter’s legal representative, Lesedi Mphahlele, Mogale “did not receive any money from anybody.” The threats by Mogale, who also plays a role in the South African television show “Skeem Saam,” follow reports that quote a regional police spokesperson confirming that his organization has indeed received complaints from individuals claiming to be victims of the presenter’s scam. According to one report, five fraud cases have been opened [&hellip;]
- [Binance Announces 2000 Job Openings As Coinbase, Others Sack Workers.](https://diutocoinnews.com/2022/06/binance-announces-2000-job-openings/): Changpeng Zhao, the CEO of the world&#8217;s largest cryptocurrency exchange, Binance, said within the week that the company would be doubling it&#8217;s hiring plans despite the &#8220;crypto winter&#8221;. &#8220;We have a very healthy war chest; we, in fact, are expanding hiring right now. If we are in a crypto winter, we will leverage that. We will use that to the max,&#8221; Binance founder and CEO Changpeng Zhao said via video at the crypto-focused Consensus 2022 this past weekend in Austin, Texas.  &#8220;We currently have more than 2,000 roles open from engineers, product, marketing to business development,&#8221; Binance co-founder Yi He told Fortune. &#8220;The crypto [&hellip;]
- [Nigeria To Regulate Twitter, Facebook, WhatsApp, Instagram, Google, and TikTok.](https://diutocoinnews.com/2022/06/nigeria-to-regulate-twitter-facebook-instagram-tiktok/): Following the lifting of Twitter ban, the Nigerian government earlier in the week, announced what it called, &#8220;codes of practice&#8221; to regulate social media platforms through Nigeria Information Technology Development Agency (NITDA). According to NITDA, the draft was developed in collaboration with the Nigerian Communications Commission (NCC) and the Nigerian Broadcasting Commission (NBC), with input from platforms like Twitter, Facebook, WhatsApp, Instagram, Google, and TikTok.  The National Information Technology Development Agency (NITDA) revealed that it had developed a draft Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries—defined by the code as “electronic medium or site where services are provided by means of [&hellip;]
- [WhatsApp Launches WhatsAppreneurs To Help Business in Nigeria, Africa.](https://diutocoinnews.com/2022/06/whatsapp-launches-whatsappreneurs/): Meta&#8217;s WhatsApp announced the launch of the WhatsAppreneurs campaign, which will profile small entrepreneurs from Africa, who are using the WhatsApp Business app to grow their business and reach more customers. The campaign will highlight the stories of Small and Medium Business owners in Africa, and help them and others like them learn more about business growth opportunities available with the WhatsApp Business app through a virtual educational webinar. Commenting on the launch of the WhatsAppreneurs campaign, Balkissa Ide Siddo, Public Policy Director for Africa said “Across Africa, small and medium business owners are using the WhatsApp Business app to develop [&hellip;]
- [Fake Crypto Investment Scheme; Nigerian Court Sentences Man To One Year In Jail.](https://diutocoinnews.com/2022/06/nigeria-court-sentences-fake-crypto/): Nigerian court has convicted a man accused of using a fake cryptocurrency platform to defraud $680 from an unsuspecting crypto investor, a report has said. In its ruling, the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission (EFCC) said the man, Obu Ebibo, whose alias is Kenneth Gibson, must serve one year in jail. The court however said the accused has an option to pay a fine of $1,180 (N500,000) which he can deposit into the government’s consolidated revenue account. According to a PM News&nbsp;report&nbsp;that details the accused’s alleged crimes, by committing the alleged offenses, Ebibo was in [&hellip;]
- [Jumia Introduces Subscription Based E-Doctor Services.](https://diutocoinnews.com/2022/06/jumia-e-doctor-services/): Jumia, Nigeria&#8217;s leading online shopping platform, has concluded plans to float an e-doctor service that will allow Nigerians to access doctors remotely for a $1 monthly subscription. To achieve this, the company, through its fintech arm, JumiaPay, is working with the Consultative Group to Assist the Poor (CGAP), a global partnership of more than 30 leading development organizations focused on financial inclusion to improve the lives of lower-income populations. JumiaPay is also partnering with a service provider, Meeting Doctor, to deliver this service. According to the company, Nigerians will be able to access this service through the JumiaPay app. This service [&hellip;]
- [Bitcoin Crashes To $25,000, As Celsius Network Tanks 70%, Withdrawal Paused.](https://diutocoinnews.com/2022/06/bitcoin-crash-celsius-network-falls-70/): On Sunday night, crypto markets free fall continued with Bitcoin BTC price hitting 18 months low since December 2020, as controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers. &#8220;We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,&#8221; the company wrote in a blog post on Medium. &#8220;We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets. Furthermore, customers will continue to accrue rewards during the pause [&hellip;]
- [Kenya Is The Only African Country On The New Moneygram Crypto-to-Cash Service Launch.](https://diutocoinnews.com/2022/06/moneygram-crypto-to-cash/): MoneyGram, the global money transfer company known for peer-to-peer payments, is launching an on- and off-ramp service for digital wallets for easy crypto-to-cash switch. The service is initially being rolled out in a few select markets including Canada, Kenya, the Philippines and the US, at any MoneyGram location in these countries. The company said it was focusing on these markets because they are &#8220;remittance markets,&#8221; or places where there are a high volume of cross-border transactions.  In a press release shared with Diutocoinnews, MoneyGram and Stellar are strengthening their cooperation. The payment company has begun the deployment of a crypto-to-cash service [&hellip;]
- [Nigeria Stock Exchange (NGX) To Enable Blockchain-Based Trading Platform Next Year.](https://diutocoinnews.com/2022/06/nigeria-stock-exchange-start-blockchain-trading/): Nigerian Stock Exchange has revealed plans to start a blockchain-enabled exchange platform next year to deepen trade and attract young investors to the market. The move follows the introduction of&nbsp;regulations&nbsp;to guide trade in digital assets by the Nigerian Securities and Exchange Commission, and the growing interest to adopt the distributed-ledger technology by businesses and policy makers across the continent including in Kenya and South Africa. The exchange looks to deploy the blockchain technology in settlement of capital market transactions, Temi Popoola, the chief executive of Nigeria Exchange Ltd., said in an interview. “For a lot of young and upcoming Nigerians, that [&hellip;]
- [ENaira USSD Code Set To Launch: CBN.](https://diutocoinnews.com/2022/06/enaira-ussd-launch/): The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said this at the IMF African Department Speakers Series held virtually on Friday. The News Agency of Nigeria (NAN) reports that the series was focused on “CBDC and Private Digital Payments in Kenya and Nigeria: Challenges and Opportunities for Sub-Saharan Africa.” Also Read:New eNaira Update To Support USSD Transactions, Others. NAN recalls that the CBN inaugurated the CBDC, also known as the eNaira, on [&hellip;]
- [Ethereum Transitions From PoW to Proof of Stake (Ropsten Testnet)](https://diutocoinnews.com/2022/06/ethereum-transition-pow-rospten-testnet/): The Ethereum blockchain has completed a step toward the long-awaited upgrade that will improve the platform by switching to a proof-of-stake (PoS) consensus, the Ropsten testnet successfully transitioned to PoS in a pilot exercise for ethereum blockchain. Since the network uses the proof-of-work (PoW) mining model, which consumes a lot of electricity, the Ethereum platform is often criticized along with Bitcoin (BTC) over its environmental impact. With the shift to PoS, the energy issues will be addressed and the platform will become more scalable, being able to process more transactions per second. After Ropsten&#8217;s transition, testnets Goerli and Sepolia are scheduled to transition [&hellip;]
- [Global Adoption Of Bitcoin To Reach 10% In 2030: Blockware Intelligence Report.](https://diutocoinnews.com/2022/06/global-bitcoin-adoption-10-2030/): A report released during the week by Blockware Intelligence forecast revealed that bitcoin adoption (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global adoption likely to hit 10% by 2030. Blockware Intelligence said it&nbsp;arrived&nbsp;at this forecast by examining historical adoption curves for nine past disruptive technologies including automobiles, electric power, smartphones, the internet and social media, along with the growth rate of Bitcoin adoption since 2009. “All disruptive technologies follow a similar exponential S-curve pattern, but newer network-based technologies continue to be adopted much faster than the market expects.” Using [&hellip;]
- [Is Binance A Hotspot For Hackers, Fraudsters And Drug Traffickers? Read This New Investigative Report By Reuters.](https://diutocoinnews.com/2022/06/binance-money-laundering-drugs-reuters/): An independent investigation carried out by global news agency Reuters, is alleging that the world’s largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds. According to it&#8217;s findings, in September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea’s nuclear weapons programme. Several hours later, the hackers opened at least two dozen anonymous accounts on Binance, [&hellip;]
- [The Central Africa Republic To Tokenize Its Natural Resources.](https://diutocoinnews.com/2022/06/central-africa-republic-tokenize-resources/): President Faustin-Archange Touadéra of The Central African Republic (CAR) has announced on Thursday, guidelines to start with its Sango Project by tokenizing access to the country’s numerous natural resources in a statement shared on his official Twitter account.&nbsp; The statement, signed by Minister of State and cabinet chief of staff Obed Namsio, read, in part:&nbsp; “We are giving everyone access to the riches of our land. In other words, we are transforming them into equally valuable and important digital assets through an unprecedented new administrative and economic movement.” It went on to say that Touadéra has asked the parliament to prepare [&hellip;]
- [Nigerians Adds 4Million New Mobile Network Subscribers in Q1 2022.](https://diutocoinnews.com/2022/06/4-million-new-phone-subscribers-nigeria/): Latest statistics from the Nigeria Communication Commissions NCC have shown that from January to March 2022,  Mobile Network Operators, MNOs, in the country acquired a total of 4,094,642 new mobile phone subscribers. Despite the challenges of verifying and linking Subscriber Identity Module, SIM, to the National Identity Number, NIN, statistics from the Nigerian Communications Commission, NCC, shows that Nigeria added four million voice subscribers in the first quarter of 2022. The report also said active telephony subscriptions in Nigeria rose to 199,558,540 in March 2022, from 195,463,898 in December 2021, while connected lines also rose from&nbsp; 306,962,099 in January to 307,654,965 [&hellip;]
- [Nigeria Total Debt Profile Reaches All Time High At N41 Trillion As Election Heats Ups.](https://diutocoinnews.com/2022/06/nigeria-debt-rise-to-46-trillion/): Report published by Debt Management Office (DMO) for first quarter of 2022, shows that the total public debt for Nigeria stood at N41.60 trillion or USD100.07 billion, from N39.56tn as of December 2021. This shows an increase of N2.04tn within a period of three months.The Total Public Debt Stock includes New Domestic Borrowing by the FGN to part finance the deficit in the 2022 Appropriation Act, the USD1.25 billion Eurobond issued in March 2022 and disbursements by multilateral and bilateral lenders. There were also increases in the Debt Stock of the State Governments and the FCT. The amount represents the Domestic [&hellip;]
- [Cost Of Money Transfer To Africa Is The Most Expensive, Remittance To Nigeria Drops: World Bank.](https://diutocoinnews.com/2022/06/africa-nigeria-remittance-cost-expensive-high-2/): World Bank has revealed in it&#8217;s latest survey report on global remittance flow among different continents that Africa has the highest cost charge for funds transfer in sub Saharan Africa. Remittances to Sub-Saharan Africa declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, which alone accounted for over 40 percent of remittance flows to the region. Excluding Nigeria, remittance flows to Sub-Saharan African increased by 2.3 percent. Remittance growth was reported in Zambia (37 percent), Mozambique (16 percent), Kenya (9 percent) and Ghana (5 percent). [&hellip;]
- [(WATCH) Interview With LeriQ; Grammy Award Winning Producer and CEO of African Valuable Collectives](https://diutocoinnews.com/2022/06/leriq-nft-african-valuable-collectives/): DiutoCoinNews caught up with LeriQ to discuss African Valuable Collectives and his upcoming NFT project.&nbsp; Eric Isaac popularly known as LeriQ is the producer of the award winning grammy album (Twice as Tall) by Burna Boy.&nbsp; In this interview session, LeriQ discussed about his upcoming NFT Project with BNXN (Buju Benson) and the African Valuable Collectives. Welcome LeriQ to DiutoCoinNews Interview session, I am excited to have you today with us. We have been hearing about the African valuable collectibles and then the recent launch of the platform and its partnership with Bundle and Cent. Can you give us a brief [&hellip;]
- [National Bank Of Ethiopia Warns About Illegal Use Of Crypto In Ethiopia.](https://diutocoinnews.com/2022/06/ethiopia-bitcoin-ban/): The National Bank of Ethiopia, the African country&#8217;s central bank released a statement yesterday declaring  Bitcoin “illegal,” and prohibiting the use of any other currency except the Birr for all transactions. “Ethiopia’s national currency is the Ethiopian Birr, with any financial transaction in Ethiopia to be paid in Birrs, according to the law,” the bank said in a statement to state-affiliated news outlet Fana Broadcasting Corporate. While the bank recognizes the growth of bitcoin use in the East African country, it is adamant that it has never granted permission for citizens to use the currency for transactions and payments, warning about negative consequences [&hellip;]
- [Nigeria Blockchain And Crypto Body Introduces Code Conduct For VASP.](https://diutocoinnews.com/2022/06/nigeria-blockchain-crypto-vasp-rules/): The Nigerian blockchain group, the Stakeholders in Blockchain Technology Association in Nigeria (SIBAN) has introduced what it called a code of conduct for virtual asset service providers (VASPs). The objective of the code is to help “transform Nigeria into the world’s safest and biggest blockchain space with the largest blockchain solutions, investments, and adoption.” According to a press statement released by the lobby group, when preparing the code SIBAN had considered the principles and codes that are usually applicable to VASPs such as the Cayman Islands’ Statement of Principles: Conduct of Virtual Asset Services. Also considered were the Global Digital Asset [&hellip;]
- [CZ Binance Explains How He Recovered 46 Bitcoins Sent To Wrong Address.](https://diutocoinnews.com/2022/06/cz-binance-recover-46-bitcoins/): Binance CEO has revealed on Twitter in a reply to a post about crypto transfer experiences on how he wrongly transferred 46 BTC in 2014 at total worth of $40k, and recovered the 46 Bitcoins in 2015 when it&#8217;s total worth was $,9000. CZ Binance explained; &#8220;True story: in 2014, I sent 46 BTC ($40k then, a lot for me) to a wrong address, a deposit address on an exchange for a different coin that uses the same address format as BTC. Of course, no one has the private keys for that address on the BTC blockchain. I mentally wrote it [&hellip;]
- [Bola Tinubu Viral Anti Buhari Video Listed On Opensea NFT For $3.6 Million.](https://diutocoinnews.com/2022/06/tinubu-buhari-nft-speech-video/): The recent viral controversial speech of the APC presidential aspirant for the 2023 election, Bola Ahmed Tinubu laying claim to making Buhari president has been listed on Opensea NFT Marketplace by an anonymous seller for $3.6 million. The NFT was created by and listed by a user named  BC0F6C. The unedited description for the digital asset, reads &#8221; É ló fokan bàle &#8221; in the midst of Nigeria quest for fresh hands to lead the country, and the storm of choosing the next president, Bola Ahmed Tinubu ( BAT @officialBAT) have been calm, courageous and bold on taking Nigeria to a [&hellip;]
- [Bank Of Uganda Set To Test Run Crypto Acceptance (Sandbox).](https://diutocoinnews.com/2022/06/uganda-crypto-regulatory-sandbox/): In a joint communication with the Blockchain Association of Uganda, the Bank of Uganda (BoU) announced that it is willing to start a pilot scheme to allow crypto businesses into the bank’s regulatory sandbox. In the email to Mr. Kwame Rugunda, Chairman, Blockchain Association of Uganda, the Director at the BoU’s National Payments Service, Mr. Andrew Kawere, said: “The Bank of Uganda (BoU) welcomes your proposal to share knowledge with our technical teams on the crypto business models and whether some use cases are suitable for testing under the regulatory sandbox.” A Regulatory Sandbox usually refers to&nbsp;live testing of new products [&hellip;]
- [Bank of Uganda Delegates Visit Nigeria On Central Bank Digital Currency (CBDC) Project](https://diutocoinnews.com/2022/06/uganda-nigeria-digital-currency-learning-tour/): Bank of Uganda delegates saddled with the task of launching Uganda&#8217;s Central Bank Digital Currency CBDC, recently visited Central of Nigeria governor Mr. Godwin Emefiele to learn how Nigeria successful established it&#8217;s national digital currency . Addressing a delegation of Executive Directors from the Bank of Uganda, who were on an experience sharing tour of the CBN&#8217;s Central Bank Digital Currency (CBDC) project, Emefiele said the apex bank remained committed to accelerating the rate at which those who were financially excluded could come into the formal banking sector. He also expressed satisfaction that the country&#8217;s CBDC, known as the eNaira, had [&hellip;]
- [Customers To Provide Indemnity For Online Transfers Above One Million Naira: CBN.](https://diutocoinnews.com/2022/06/online-transfers-above-one-million-indemnity/): In recent circular sent to commercial banks, the Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. Indemnity refers to compensation paid for damages or loss, similar to an insurance policy or contract. It stated this in a circular signed by the Director, Payments System Management Department, Musa Jimoh, with the reference number: PSM/DIR/PUB/CIR/01/006, titled ‘Circular on the review of operations of the NIBSS Instant Payments System and other electronic payment options with similar features’, which was released on Thursday. The circular stated that “Further to the circular [&hellip;]
- [What You Need To Know About Elon Musk's Starlink Super-Speed Satellite Internet In Nigeria. How To Use Starlink.](https://diutocoinnews.com/2022/06/how-to-use-starlink-in-nigeria/): Recently, Elon Musk&#8217;s satellite internet, Starlink was awarded license to operate in Nigeria. Many Nigerians have questions on what Starlink internet is all about. The difference between satellite internet and the ones provided by other Internet Service Providers in Nigeria. SpaceX, got six different licences, including Internet Service Provider (ISP) operational licence; International Data Access (IDA) operational licence; Full Gateway Operational licence; Sales and Installation Major (S&amp;I- Major) licence; Gateway Earth Station (GES) Network Frequency licence per Gateway the company is to build; and Very Small Aperture Terminal (VSAT) Network Frequency licence. There appears to be hope of connectivity for the [&hellip;]
- [Crypto Bear Market Casualties Befalls Crypto Exchange Workers, Up To 10% Workers Fired !](https://diutocoinnews.com/2022/06/crypto-bear-market-sack-workers/): Cryptocurrency trading platform Gemini, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to employees on June 2, as Bloomberg reported. As part of its first major headcount cut, Gemini will refocus on products that are “critical” to the firm’s mission, the brothers said, adding that “turbulent market conditions” are “likely to persist for some time.” The notice reportedly reads: “This is where we are now, in the contraction [&hellip;]
- [Nigeria Small Businesses Faces High Remote Desktop Protocol Attacks.](https://diutocoinnews.com/2022/06/nigeria-small-businesses-faces-cyber-attack/): A new research report has shown that small businesses in Nigeria are facing 89% increase in remote desktop protocol attacks in 2022, as the number of Trojan-PSW (Password Stealing Ware) detections in Nigeria more than doubled when compared to the same period in 2021. In 2022, the number of Trojan-PSW (Password Stealing Ware) detections in Nigeria more than doubled when compared to the same period in 2021 &#8211; 2654 detections in 2022 compared to 1076 in 2021. Trojan-PSW is a malware that steals passwords, along with other account information, which then allows attackers to gain access to the corporate network and [&hellip;]
- [Bitcoin P2P Records 25% Surge In Nigeria As Naira Free Fall Continues.](https://diutocoinnews.com/2022/05/bitcoin-p2p-records-25-increase-nigeria/): Recent bi annual report shows that Nigeria’s peer-to-peer transactions increased by 25%, Nigeria now has $219 million in P2P volumes on two major P2P according to 2 crypto exchange platform surveyed, followed by Kenya with $92 million and Ghana with $69 million. Despite government rules limiting crypto trades within financial institutions in an effort to protect citizens and monitor the technology’s growth, many Nigerians have continued to engage in crypto despite the weakening naira as shown in the underground market. According to Chainalysis Research, many inhabitants in emerging economies such as Nigeria use cryptocurrencies&nbsp;“to protect their funds against currency depreciation, send [&hellip;]
- [Shiba Inu Founder Deletes Social Media/ Internet Presence.](https://diutocoinnews.com/2022/05/shiba-inu-founder-deletes-internet-accounts/): The founder of Shiba Inu, Ryoshi has scrubbed off all his previous tweets, as his tweeter handle has no post, he has also deleted all Shiba Inu blogs including the first one- ‘All Hail the Shiba’. All the four SHIB blogs have been deleted on the Medium platform and the webpage shows “410. User deactivated or deleted their account.” Surprisingly, at the same time last year on May 30, 2021, Ryoshi had published his fourth blog, and now a year later, all of it is deleted. Also, Ryoshi had tweeted his last during May last year and has mostly stayed away from posting. [&hellip;]
- [Bitcoin Made Millionaires Drops By 20% According To Research Report.](https://diutocoinnews.com/2022/05/bitcoin-made-millionaires-drops/): Data acquired by Finbold indicates that as of May 28, 202, the number of addresses with a BTC balance of more than $1m has dropped by 20%, as a direct result of the downward pressure that has been witnessed in the cryptocurrency market, which has resulted in a loss of almost one trillion. Newsnow.co.uk, reported that data acquired by Finbold indicates that as of May 28, 202, the number of addresses with a BTC balance of more than $1m was 77,936, according to BitInfoCharts.com statistics. Approximately 5,856 of the addresses had a combined balance of approximately $10m. The remaining 72,080 addresses [&hellip;]
- [Man Commits Suicide After Loss Of NT$60 Million From Luna Crypto Crash](https://diutocoinnews.com/2022/05/man-suicide-over-luna-crypto/): The first confirmed suicide due to $LUNA / $UST collapse is a Taiwanese man who jumped from the 13th floor to his death last week after his $2m in LUNA turned into $1K. At 2 a.m. on Tuesday in Taichung&#8217;s 7th Redevelopment Zone, a resident reportedly fell from his high-rise, luxury apartment tower, reported NOWnews. A security guard working on the night shift heard a loud noise, rushed out to investigate, and found a severely injured man lying on the ground. When police arrived at the scene, it was immediately clear the man had died. A floor-by-floor inspection of the apartment building [&hellip;]
- [Elon Musk's Starlink Super-Speed Satellite Internet Receives License In Nigeria, Mozambique.](https://diutocoinnews.com/2022/05/elon-musk-starlink-in-nigeria-mozambique-africa/): World richest man Elon Musk&#8217;s Starlink high speed internet has received license from Nigeria Communication Commissions to operate in Nigeria, Elon Musk shared the news in his tweet post on Friday. Nigeria and Mozambique are the first two countries in Africa with Starlink regulatory approval; Starlink is now licensed on all seven continents. The company has been in discussion with NCC virtually over the past several months to begin the process of bringing it to Nigeria. Led by Ryan Goodnight, SpaceX’s market access director for Africa, and supported by Levin Born, a consultant, the company provided an overview of its plans, [&hellip;]
- [Central Africa Republic Crypto Hub Won't Receive World Bank Support.](https://diutocoinnews.com/2022/05/central-africa-republic-crypto-hub-world-bank/): The World Bank has expressed its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency noting that it won&#8217;t back the newly announced “Sango” crypto hub. At the end of April, CAR president Faustin-Archange Touadéra established a regulatory framework for cryptocurrency in the country and adopted Bitcoin as a legal tender. On May 24, he announced a plan to launch the country’s first crypto hub called “Sango.” Cointelegraph reports. Sango is described as the country’s first “crypto initiative” — a legal hub for crypto-related businesses encompassing economic policies including no corporate or income tax and the creation of [&hellip;]
- [Old Fashion Research Launches $100m Crypto Fund for African and Latin America Crypto Projects.](https://diutocoinnews.com/2022/05/old-fashion-research-100-million-fund/): Old Fashion Research (OFR) a group of former executives from Binance has created a $100 million Venture Fund to fund crypto projects in Africa and Latin America with Metaverse Magna spearheading it&#8217;s Africa&#8217;s project. The group&#8217;s name, derived from the classic cocktail was founded in late 2021 by managing partners Ling Zhang, who was previously the vice president of M&amp;A and investments at Binance, and Wayne Fu, former head of corporate development at the global crypto exchange. The fund will be focused on the metaverse and bringing greater crypto adoption to emerging markets like Latin America and Africa, Zhang said. “We are keen to work with [&hellip;]
- [CBN Open Banking Guidelines To Allow Banks  Share Customers Data With Retailers.](https://diutocoinnews.com/2022/05/nigeria-cbn-open-banking-guidelines/): Recently, the Central Bank of Nigeria (CBN) published proposed guidelines that would introduce an ‘open banking&#8217; era in Nigeria, a map that defines rules on how companies exchange digital financial data belonging to consumers. Open banking, is the he use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data. Data is exchanged through application programming interfaces (APIs)—software programs that act as digital plugs for requesting and transferring data. More services would invite more people into the financial system, growing the [&hellip;]
- [Ghana's eCedi CBDC  Available Online For Vodafone Cash users, CalBank and IT Consortium Customers.](https://diutocoinnews.com/2022/05/ghana-ecedi-online/): Bank of Ghana BOG has revealed that the chance to test the online version of the eCedi is restricted to Vodafone Cash users, customers of CalBank and IT Consortium in Accra and Tarkwa in the Western Region. This was contained in a press release sent to the media. For the offline version of the eCedi which is currently being piloted in a small town called Sefwi Asafo in the Western North Region, the Central Bank asserts it is encouraged by the usage and uptake of the digital currency with select users in the said town using the eCedi for daily purchases [&hellip;]
- [Nigeria To Develop the Official Platform For Commercialization of Intellectual Property Rights on Algorand](https://diutocoinnews.com/2022/05/nigeria-digital-wallet-algorand/): Koibanx global blockchain company announced on Tuesday during Twitter Spaces session it co-hosted with Fred Estante that the federal government has entered a three-year exclusive IPR (intellectual property right) agreement with Developing Africa Group to launch a national wallet for Nigeria. Following the Nigerian Securities and Exchange Commission (SEC)&nbsp;released new regulations&nbsp;that will guide the Nigerian crypto market and the entire digital industry, the federal government has made a move suggesting that it may back it up. What Does this Mean? IP forms reached by the above mentioned agreement include trademarks, patents and all forms of copyrights such as songs, lyrics, videos, [&hellip;]
- [Central African Republic Plans To Establish A Cryptocurrency Economic Zone.](https://diutocoinnews.com/2022/05/central-african-republic-crypto-hub/): A crypto hub is emerging in The he Central African Republic (CAR), the second country in the world to adopt bitcoin as a legal currency after El Salvador, plans to develop a hub to attract cryptocurrency businesses and enthusiasts to the nation. The initiative, coined Sango, was started by the CAR National Assembly with support by President Faustin-Archange Touadéra, per a 24-page document detailing the project’s goals. Sango seeks to “pave the way to a digital future of endless possibilities,” per its webpage. Touadéra tweeted in support of Sango on Tuesday. In addition to building a legal Bitcoin and cryptocurrency hub recognized by its [&hellip;]
- [eNaira Will Stop Naira Abuse And The Cost Of Printing New Currency.](https://diutocoinnews.com/2022/05/enaira-stop-naira-abuse-currency-printing/): A director of Central Bank of Nigeria, CBN who was in Asaba, Delta State, Mr Godwin Okafor has said the introduction of the e-Naira as a means of transaction in the country would put a stop to the abuse of the Naira and the cost of printing the currency notes. Okafor who stated this during a sensitization programme for traders at the Ogbogonogo market in Asaba on the new e-Naira initiative said the e-Naira was not like the cryptocurrency as being speculated in some quarters. Saying that it was a fully backed policy by the CBN in line with the International [&hellip;]
- [Metaverse To Add $40 Billion Into Africa's Economy; Meta Predicts.](https://diutocoinnews.com/2022/05/meta-metaverse-africa-add-40-billion/): Metaverse growth projections released recently by Analysis Group, a research company contracted by Meta, indicate that the metaverse will pump an additional $40 billion into sub-Saharan Africa’s gross domestic product (GDP) in a decade’s time. There is one major caveat though according to the report: the need for metaverse growth and adoption to be similar to that of mobile technology. The report says, “If the metaverse were to be adopted and grow in a similar way as mobile technology, then we would expect it to be associated with a 2.8% contribution to global GDP after 10 years.” There are major hurdles that are [&hellip;]
- [Naira At N610, Records 205% Devaluation Against Dollar Since 2015.](https://diutocoinnews.com/2022/05/naira-falls-to-610-against-dollar/): THE nation’s currency, Naira, slid to N610 to a dollar over the weekend at the parallel market in Lagos and Abuja, thus widening the gap between the official and parallel market exchange rates to N191.&nbsp; The exchange rate hovered between N600 and N605 to the dollar in other cities such as Ibadan, Abeokuta and Benin City.  The official rate at the Investors and Exporters window as of Friday was 419.02. Although the Central Bank of Nigeria (CBN) has relentlessly campaigned against patronizing the parallel market operators, scarcity of the greenback at the official channels often pushes those in need of dollars [&hellip;]
- [Venture Funding For African Crypto Start-ups Multiplied By Near A Dozen.](https://diutocoinnews.com/2022/05/venture-capital-funding-crypto-startup-africa/): According to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank, more venture funding flowed into the Africa in 2022’s first quarter compared to the first quarter of 2021 as crypto and blockchain adoption grows. The report, titled “The African Blockchain Report 2021,” shows that blockchain startups were able to raise $91 million within 2022&#8217;s first quarter. Compared to the first quarter of 2021, this year showed a 1,668% year-on-year (YoY) increase in cash inflow compared to 2021&#8217;s YoY of 149% which is an increase of more than 11 times according to CV VC. In addition, the [&hellip;]
- [Cardano Blockchain Vows To Make Africa Web 3 Leader.](https://diutocoinnews.com/2022/05/cardano-blockchain-web-3-africa/): Speaking recently at the Financial Times Crypto and Digital Assets Summit held in Bahamas, Cardano founder, Charles Hoskinson, said there was &#8220;more demand than supply&#8221; for its services within the world&#8217;s developing nations promising to make Africa leader in Web 3 technology. Cardano see the deep-rooted centralised infrastructure underpinning Western nations as an obstacle that African nations can circumvent on their road to becoming web3 giants. John O&#8217;Connor, head of African operations at IO Global, said: &#8220;DeFi certainly has huge potential for developing nations, especially those that don’t already have legacy infrastructure that prevents rapid innovation, and can make rollouts of blockchain smoother.&#8221; Cardano see [&hellip;]
- [SWIFT Plans To Connect CBDCs Like E-Naira For International Transfers.](https://diutocoinnews.com/2022/05/swift-to-use-cbdc-international-transfers/): Global financial messaging, SWIFT, which carries over five billion financial instruction messages is working to connect CBDCs such as eNaira to one another, as well as to traditional currencies as it attempts to stay current. It has been announced Thursday that SWIFT has teamed up with French IT company, Capgemini to test cross-border central bank digital currency (CBDC) payments as part of a new study. SWIFT is the Belgian network used by banks in international money transfers. This is the second project undertaken by SWIFT on CBDC. “Capgemini and SWIFT are working together to develop a proof of concept to link [&hellip;]
- [Need For Large Scale Education To Stop Hacks And Scams In Crypto Ecosystem.](https://diutocoinnews.com/2022/05/education-fight-hack-scams/): According to a study by Chainalysis, scammers got away with $14 billion worth of crypto in 2021, which represents hundreds of thousands, maybe millions of victims in a community where every negative experience affects everything. Scams are shattering mainstream confidence in crypto, perhaps irreparably. A large-scale, coordinated education initiative can help ensure that they don’t. The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to get much easier for “ordinary” people to use, and the magnitude of its volatility has to be tempered. All of these are true. But [&hellip;]
- [Whopping $10m Paid In Largest Bounty Payout Record.](https://diutocoinnews.com/2022/05/largest-bounty-payout-record/): A whitehat (ethical security hacker) who goes by the pseudonym satya0x, on February 24th, responsibly disclosed a critical bug in the Wormhole core bridge contract on Ethereum and earned $10 million in a largest bounty record. This bug was an upgradeable proxy implementation self-destruct bug that helped prevent a potential lockup of user funds. This particular responsible disclosure is yet another example of the immense strategic value that running a multi-million dollar bug bounty program can have for Web3 security programs. Wormhole was amazingly fast in its response to the bug report, verifying and fixing the issue on the same day [&hellip;]
- [CBN Goes on e-Naira Local Markets Awareness Program Around the Country.](https://diutocoinnews.com/2022/05/cbn-remove-naira-notes-from-circulation/): The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday at the popular Ogbogonogo market during the market sensitisation on e-Naira. “Paper currency will soon be out of circulation because CBN spent money to print money and people abuse the currency in the market, spraying at the occasion, payment of Okada/tricycle and others and CBN is losing” He urged traders to key into the central bank’s e-Naira policy. Also Read : [&hellip;]
- [Google Announces Phase 2, $4 Million Startup Funds For Nigeria, Africa.](https://diutocoinnews.com/2022/05/google-start-up-fund-africa-nigeria-2/): Google recently announced that applications for the second phase of its Startup Black Founders Fund for Africa are now open. According to the firm, it is increasing its commitment to $4m in funding and supporting 10 more founders because of the success of its first cohort. It added that the Black Founders Fund Africa is open to startups that meet the eligibility criteria in Botswana, Cameroun, Côte d’Ivoire, Ghana, Ethiopia, Kenya, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, and&nbsp; Zimbabwe. It stated that while these thirteen countries are the prime focus, strong applications from other African countries will also be considered. [&hellip;]
- [As Nigeria SEC Issues Crypto Regulations, US SEC Warns Crypto Investors.](https://diutocoinnews.com/2022/05/us-sec-warns-crypto-investors-nigeria/): The US Securities and Exchange Commission has warned the investing public about cryptocurrencies, stating that the digital asset class is not that decentralized. This criticism comes days after the Nigeria SEC decided to regulate digital assets. The US Securities and Exchange Commission Chairman, Gary Gensler disclosed this during an appearance at a FINRA conference. He went on to say that investors should not believe they own their cryptocurrency tokens, noting that using a digital wallet on a platform signifies a transfer of ownership to the platform. Investors should not believe they own their crypto tokens, according to Gensler, because using a [&hellip;]
- [Nigeria To Resume Foreign Exchange Sales to Banks](https://diutocoinnews.com/2022/05/nigeria-cbn-starts-forex-trading/): The Central Bank of Nigeria has resumed the sale of foreign exchange, forex, to banks in order to clear the backlog of unmet demand said to be in excess of $1.5 billion after many weeks of absence from the foreign exchange market. Earlier this week the CBN intervened at the investors and exporters (I&amp;E)&nbsp;window of the forex market, causing the naira to appreciate significantly from N480/$ to N420/$. Also Read: CBN To Stop Sale of Forex To Banks. Market sources said the interventions would continue until the backlog is cleared. The naira was quoted at N 435 per dollar in the [&hellip;]
- [Nigeria Among the 23 African Countries To Participate In A Bitcoin Conference Hosted By El Salvador President.](https://diutocoinnews.com/2022/05/23-african-countries-bitcoin-conference-el-salvador/): Financial government authorities in Africa like the Central Banks and Ministries of Finance, will be attending a Bitcoin to be hosted by El Salvador on the future of Finance. According to the President of El Salvador, Nayib Bukele, 32 Central Banks will headline the event that will discuss the rollout of Bitcoin in his country as well as other details. In a tweet posted today President Nayib Bukele revealed the details of the event. Countries from Africa are the majority in the conference, with the following Central Banks representing their countries according to tweets posted by Mr. Bukele: Angola Burundi Congo [&hellip;]
- [Kenya Leads In Crypto Trade In East Africa.](https://diutocoinnews.com/2022/05/kenya-crypto-adoption/): Finder’s 2022 Cryptocurrency Adoption Index ranks Kenya 12th for cryptocurrency ownership out of 27 countries surveyed globally. Cryptocurrency ownership in Kenya is however behind countries like Nigeria (21%) and Ghana (17%). Also Read: Nigerian And Kenyan Politicians In Bitcoin Money Laundering Saga. 16% of Kenyan adult internet users, an estimated 4.8 million people own cryptocurrency, based on an online survey of 52,883 people across 27 countries. Bitcoin ownership in Kenya remains above the global average of 39.1%, with 54.7% of crypto owners saying they hold it. Kenya’s crypto community is vibrant on social media, sharing stories about altcoins that they bought at their [&hellip;]
- [Youths Are Bedrock Of Crypto Adoption in Nigeria... IMF.](https://diutocoinnews.com/2022/05/youth-crypto-adoption-nigeria-imf/): The International Monetary Fund IMF, in a recent report said crypto assets are more appealing to countries with younger populations. It added that countries with weaker economic fundamentals are likely to see a surge in crypto adoption since they (crypto) are perceived as a hedging instrument against exchange rate and inflation according to The Punch report. The IMF disclosed this in its, ‘Capital Flow Management Measures in the Digital Age: Challenges of Crypto Assets,’ report. It said, “Crypto assets have grown considerably in the past decade. Adoption of crypto assets across the globe has been driven by a host of technological, [&hellip;]
- [UAE's Dubai Based Emirates Airlines To Accept Bitcoin As Payment Option.](https://diutocoinnews.com/2022/05/uae-dubai-emirates-airlines-bitcoin-acceptance/): The United Arab Emirates (UAE)’s leading airline, Emirates Airline, announced plans to accept bitcoin as a payment service, the company’s chief operating officer (COO) Adel Ahmed Al-Redha has said. In addition, the airline will add non-fungible token (NFT) collectibles on its webpage. Reports of the airline’s plan to embrace bitcoin come just a few weeks after it revealed its NFT and metaverse plans. The company’s goal with the metaverse launch is to ensure the airline is “aligned with the UAE’s vision for the digital economy.” In remarks published in Arab News, Al Redha hinted that his company may have to recruit employees to [&hellip;]
- [LUNA ECLIPSE! Terra LUNA collapse explained](https://diutocoinnews.com/2022/05/luna-eclipse-terra-luna-collapse-explained/): The cryptocurrency world has been rocked in recent days by the sharp reductions in the value of a stablecoin named TerraUSD and its sister counterpart Terra Luna. The crisis has shaken the entire crypto market, and other currencies like bitcoin and tether have struggled as a result. Terra Luna is nearly worthless now. Bitcoin has plummeted nearly 25% in the last week and has dropped more than 50% in the last six months. Some have connected the disaster to the financial meltdown of 2008.&nbsp; WHAT CAUSED THE CRASH? Understanding why UST went bankrupt this week requires knowledge of its Achilles heel: [&hellip;]
- [Big Flop! NFT Trader Sells Bored Ape Yatch Club NFT For 200 USDC.](https://diutocoinnews.com/2022/05/bored-ape-yatch-club-sold-200/): Today, a Twitter handle, @Boredapebot, a Twitter account that posts sales of Apes from the Bored Ape Yacht Club (BAYC) collection, revealed that a trader sold Ape #6462 for a paltry 200 USDC ($200). BAYC is one of the most expensive NFT collections in the market, with its floor price currently at 101.75 ETH ($206,000). Considering that Ape #6462 has some of the rarest attributes, which include a bone necklace, police motorcycle helmet, and a bored pizza, it is possible that the most recent sale was yet another costly mistake. If that’s the case, then it would mean the owner thought he was accepting [&hellip;]
- [Naira Keeps Dipping Against Dollar.](https://diutocoinnews.com/2022/05/naira-to-dollar-today/): Nigeria local currency Naira pushed towards N620.00 to a dollar at the peer to peer market on Saturday. Currency dealers in Lagos, Nigeria&#8217;s economic hub, exchanged the naira at N600.00 and sold N610.00 to a dollar, while Abuja black market dealers at Wuse Zone 4 said the currency was exchanged at N599.00 and sold at N603.00 per $1 on Saturday. Naira hit a four-month low Thursday, depreciating 0.30 per cent against the U.S. dollar at the official market. The currency which opened trading at N416.50 closed at N420.00 to a dollar at the close of business on Thursday, data published by FMDQ, where forex [&hellip;]
- [Why Terra Luna Crypto Collapsed.](https://diutocoinnews.com/2022/05/why-terra-luna-crypto-collapsed/): One of the top blockchain project, house to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $1 peg and LUNA, the blockchain’s native token, nears zero. Terraform Labs, the tech start-up behind the development of Terra, halted the production of new blocks on the network on Thursday “to prevent goverance attacks following severe $LUNA inflation and a significantly reduced cost of attack,” it said on Twitter. A governance attack became less expensive because of the nearly-free price of LUNA – [&hellip;]
- [Nigeria SEC Issues Regulation For Crypto, NFT And Other Digital Asset Transactions.](https://diutocoinnews.com/2022/05/nigeria-sec-crypto-nft-regulation-legalize/): The Securities and Exchange Commission (SEC) of Nigeria on Friday released new regulations for the trading of cryptocurrency, NFTs and other digital assets in Nigeria. This is contained in a recently released document titled, “New Rules on Issuance, Offering Platforms, and Custody of Digital Assets” essentially legalizing digital assets such as cryptocurrencies in Nigeria. Experts also ask whether banks can now deal with crypto-related businesses given that some of the requirements can only be accomplished through banks. For banks to deal with crypto-related entities will only be possible if the Central Bank of Nigeria (CBN) gives them the go-ahead, which will mean the restrictions placed [&hellip;]
- [Top List of Blockchain Remote Job Websites to Get You a Pay in Bitcoin.](https://diutocoinnews.com/2022/05/blockchain-job-remote-website/): This is a list of the top remote job websites that can pay you in Bitcoin for jobs in 2022 as you work from the comfort of your home. Bitcoin is changing the way freelancers get paid in this era of emerging technologies like cryptocurrency and blockchain technology. Aftermath of the 2020 pandemic lockdown has shown that with available technology, workers can work from home, limiting cost for employers. We are witnessing a disruption of the traditional relationship between the employer and the employee. For many, the days of taking fiat payments like the USDollars are gone.&nbsp; The new mode of [&hellip;]
- [The Seven Levels To Financial Freedom.](https://diutocoinnews.com/2022/05/seven-levels-to-financial-freedom-2/): Financial freedom is the key that opens the door to a good standard of living. With Finance, one can be able to turn wishes into reality. As the global financial space is experiencing tumultuous storms, it&#8217;s imperative to go back to the drawing board and follow steps and levels shrewd millionaires and billionaires followed in achieving financial freedom. These levels as suggested by popular millionaires Grant Sabatier in his book Finance Freedom are; Level 1: Clarity The first step is taking stock of your financial situation — how much money you have, how much you owe, and what your goals are. [&hellip;]
- [Coinbase Supported New Pan-African Crypto Exchange Raises $23 Million.](https://diutocoinnews.com/2022/05/mara-crypto-exchange-raises-25-million/): The last few years have seen strong crypto adoption among young sub-Saharans Africans, primarily driven by the bleak economic realities in many countries in the region. However, crypto development and adoption in Africa appears to be entering a new age, with a growing number of African governments seeking ways to integrate crypto into their respective economies. In April, the TON Foundation announced that it was in conversation with three Central African countries to launch regionalized stablecoins. The Central African Republic also recently announced that it would make bitcoin a legal tender in the country. MARA, a new pan-African crypto exchange, is looking to [&hellip;]
- [How To Make Money From STEPN NFT Project.](https://diutocoinnews.com/2022/05/how-to-make-money-with-stepn/): What is STEPN NFT project? STEPN is a move and earn crypto gaming application that lets you earn, maintain good health and also limits your carbon footprint. Today we are going to focus on how a beginner can make more than 40 US dollars in a day using STEPN. How to download STEPN APP? The very first step to start earning would be to download the application on your phone. It is available for both Android and iPhones. Once you download the app, you will have to create an account to sign in and start playing. To complete your signing in you will [&hellip;]
- [The Growth Of Bitcoin And BTC Lightning Transactions In Mozambique.](https://diutocoinnews.com/2022/05/bitcoin-lightning-transactions-in-mozambique/): The Bitcoin (BTC) story of Bitcoin lightning transactions and adoption in Southern African nation of Mozambique, and for 38-year-old Jorge, a Mozambican family man who is using the largest cryptocurrency to make ends meet. Jorge, who goes by his first name for anonymity, lives in the tiny village of Bomba, Mozambique, on its southeast coast. Since the COVID-19 pandemic stripped away tourism from the sleepy surf town, one of Jorge’s primary wage earners—tourism—disappeared.&nbsp; According to Cointelegraph , Bitcoin adoption is slowly swelling in Africa–from the Central African Republic across to Senegal and further north. Mozambique is also showing signs it&#8217;s warming to the world&#8217;s most popular crypto. [&hellip;]
- [Zimbabwe Bans Bank From Lending, As Currency Value Declines.](https://diutocoinnews.com/2022/05/zimbabwe-bans-bank-from-lending/): In Zimbabwe, the government has ordered commercial banks to stop lending with immediate effect in bid designed to stop speculation against the Zimbabwean dollar. According to Reuters, the Zimbabwean dollar, which is officially quoted at 165.94 against the U.S. dollar, has continued to slide on the black market, where it is trading between 330 and 400 to the greenback. The black market exchange rate has moved from about 200 Zimbabwe dollars at the beginning of 2022. Moreover, the devaluation of the Zimbabwe dollar’s black market exchange rate, which is used in most financial transactions in the economy, has been driving up [&hellip;]
- [List Of Top 20 African Countries With The Most Expensive Mobile Internet Data Price.](https://diutocoinnews.com/2022/05/list-of-most-expensive-mobile-internet-data-price-in-africa/): Telecommunication companies in Nigeria, wrote to the Nigerian Communications Commission (NCC) to demand an upward review of the prices of data, call and SMS; citing higher cost of doing business. The request did not go well with Nigerian consumers. The recent telecos request made us research on the situation among other African countries. A look at statista report revealed the average cost of mobile internet data among selected African Countries. Equatorial Guinea had the most expensive mobile internet in the world as of 2021. One gigabyte cost on average 50 U.S. dollars in the African country. Overall, cost of mobile data [&hellip;]
- [Kenyan Blockchain Firm Partners NEAR Foundation For Regenerative Financing In Kenya](https://diutocoinnews.com/2022/05/blockchain-company-partners-near-in-kenya/): Kenya-based blockchain community Sankore has partnered with Swiss nonprofit NEAR Foundation to launch a regional hub that aims to develop talent within the region and build projects that aim to improve the local ecosystem.&nbsp; Sankore supports projects like Kilimo Shwari, which is a blockchain-based insurance program that helps farmers deal with natural disasters. Apart from this, the firm also supports Ledja, a project which focuses on combating fraudulent documentation within Africa by using NEAR Protocol for document verification. The partnership will further these initiatives by developing talent within the region through its workshops. Kevin Imani, the founder of Sankore, said that they [&hellip;]
- [Bank of Central African States' Governor Rebukes Central African Republic CAR For Bitcoin Adoption.](https://diutocoinnews.com/2022/05/governor-central-african-banks-rebuke-car/): The governor of the Bank of Central African States, the umbrella monetary authority of African countries in Central region of the continent or Banque des États de l&#8217;Afrique Centrale (BEAC), has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies. In a letter addressed to the CAR Finance Minister Hervé Ndoba, governor of the BEAC Abbas Mahamat Tolli&nbsp;describes the “substantial negative impact” that the CAR adopting crypto will have on the monetary union of Central Africa. The CAR passed a bill announcing its&nbsp;intention to adopt cryptocurrencies in April. It is no surprise that the [&hellip;]
- [An Overview of Pulse Prediction Market](https://diutocoinnews.com/2022/05/an-overview-of-pulse-prediction-market/): Pulse Markets is an open source prediction market platform built by the Pulse community DAO.&nbsp; Pulse Markets is built on NEAR Protocol and requires a NEAR wallet. If you do not have a NEAR wallet, create one here : wallet.near.org Pulse Markets is powered by NEAR Protocol. Signing into Pulse does not require emails or passwords, and instead uses your NEAR wallet for authentication. In order to create a market, you must stake $PULSE. Staking helps stop spam and incentivizes users to create high quality, resolvable markets The prediction market is a behemoth of an industry, an occurrence marketplace that allows [&hellip;]
- [CBN Ban On Crypto Crippled Foreign Direct Investment In Nigeria, Report Shows. As CBN Governor Contest For President.](https://diutocoinnews.com/2022/05/crypto-ban-affects-investment-in-nigeria/): A new research report has revealed that restrictions on cryptocurrency transactions and the ban of Twitter in Nigeria crippled foreign direct investment in the fin‑tech industry and adversely impacted millions of young Nigerians earning a living from the sector. The report was titled ‘Africa’s Urbanisation Dynamics 2022: The Economic Power of Africa’s Cities’. The work was published under the responsibility of the Secretary-General of the Organisation for Economic Co‑operation and Development and the Secretary-General of the United Nations, with support from the African Development Bank. According to the report, young people engage in jobs in the tech sector to survive but [&hellip;]
- [Bitcoin Tanks Below $35k. Is $25k Price Retest Near ?](https://diutocoinnews.com/2022/05/bitcoin-price-prediction-at-25k/): The (Bitcoin)BTC price has been falling for the four days none stop, entering the 35000 support level. If sellers sustain this fallout, the potential free fall will pull the coin price to the $30,000 support level, suggesting a 8.65% fall within the new week. It was bleeding red in the cryptocurrency ecosystem which saw 103,518 traders have their accounts liquidated as Bitcoin and other cryptocurrencies sell-off, a day after the United States Federal Reserve handed down its policy decision to increase the interest rate by half a percentage. On the daily time frame, Bitcoin (BTC) made a false breakout of the $34,324 level. [&hellip;]
- [EFCC Threatens To Arrest Nigerians For Keeping Dollars.](https://diutocoinnews.com/2022/08/efcc-threatens-arrest-forex-hoarders/): Nigeria&#8217;s financial crimes police, the Economic and Financial Crimes Commission EFCC, has threatened to arrest Nigerians hoarding dollars and other foreign currency. Chairman of the anti-graft agency, Abdulrasheed Bawa, made this known on Friday while meeting representatives of Bureau De Change operators in the Federal Capital Territory, Abuja. The meeting was sequel to the anti-graft agency’s ongoing efforts to check the rising cases of foreign exchange speculations, which had brought pressure on the value of the naira. Bawa warned those involved to desist or risk arrest as a major offensive against the speculators was under way, adding that the EFCC had [&hellip;]
- [Viral Kenya's Driving Championship  Meme Exploited As NFT Draws Copyright Board Hammer.](https://diutocoinnews.com/2022/08/viral-kenyas-video-copyright/): Kenya Copyright Board has issued a public advisory on memes following the exploitation of Rally Champion comic video of two popular Kenyan comedians, whose still shots from the video were exploited as an NFT meme, and used by corporate organizations for gains without authorisation. Arap Marindich and Tula Chemoget&#8217;s memes have&nbsp;gone viral on social media&nbsp;months after shooting a video imitating the World Rally Championship drivers who participated in the June 2022 Safari Rally that took place in Naivasha, Nakuru county. As the video became viral and trended globally, Kenyans and citizens from other countries as well as corporates have taken screenshots [&hellip;]
- [Virtual Dollar Cards that Work in Nigeria: Pay Bills Online and Buy Bitcoin With Dollar Virtual Card](https://diutocoinnews.com/2022/08/bitcoin-virtual-dollar-card-that-work-in-nigeria/): Following the flutterwave Barter&#8217;s virtual dollar card suspension, many individuals are currently looking for alternative virtual dollar card that works in Nigeria. Moreover, Nigerian banks have set a maximum limit of $20 per spend for each month on bank cards. Tech bros have resulted to using virtual dollar cards for online transactions since they offer higher limits. These virtual dollar cards are used for international online transactions such as paying for Facebook ads, buying on Amazon and Google. You can also use it to pay for Spotify, Deezer, Canva or even subscribing to Netflix and to buy bitcoin on crypto exchanges. [&hellip;]
- [Xend Leads In Trading Performance Among African Crypto Projects Maintaining Its Gains. Others Swings. ](https://diutocoinnews.com/2022/08/xend-leads-in-trading-performance-among-african-crypto-projects-maintaining-its-gains-others-swings/): Xend coin continues its gaining drive recording +9.7% gain in a week and continues to show strong buy signal according to trading view technical indicators.&nbsp;&nbsp; The live price of Xend Finance is $ 0.0293105 per (XEND / USD) today with a current market cap of $ 3.49M USD. 24-hour trading volume is $ 218,023.40 USD. XEND to USD price is updated in real-time. Xend Finance is +6.04% in the last 24 hours. It has a circulating supply of $ 119.06M USD. Xend Market Cap Ending Week Performance. Quidax Token QDX QDX is second on the weekly performance with +12.7% price change. [&hellip;]
- [Nigerian Banks Allegedly Engage In Fraudulent Transactions And Unauthorized Personal Data Usage.](https://diutocoinnews.com/2022/08/alleged-fraud-in-nigeria-banks/): A new investigative report has alleged that financial institutions are unabashedly engaging in fraudulent financial activities without sanctions from the regulatory bodies. The report accused Nigerian banks for opening an account using a customer’s identity without their knowledge and authorisation, working in tandem illegally with Ponzi scheme operators, enabling terrorist financing and in some cases complete disregard to transparent financial dealings with customers. The investigation shows the worrisome extent of the fraudulent activities thus; &#8220;These were borderline unbelievable stories &#8211; stories about aggressively fraudulent behaviour by Nigerian banks presented with evidence that was as devastating as it was undeniable. What is [&hellip;]
- [NFT Whitelist Grinding and How to Get Started](https://diutocoinnews.com/2022/08/nft-whitelist-grinding/): The crazy world of NFT is making many youth millionaires and changing gem call guys to NFT degen grinders, flippers and collectors.&nbsp; Just like the way we run to participate and buy into an Initial Exchange Offering (IEO) or Initial DEX Offering (IDO), the same way we rush to get our wallet addresses whitelisted to be able to participate in NFT minting and list with a public listing price. What is NFT Whitelist Grinding This is the process of getting a top spot access that can be used to buy into or mint or have access to own an NFT before [&hellip;]
- [Binance CEO Meets President Of Central African Republic ; Discusses Crypto Adoption Moves.](https://diutocoinnews.com/2022/08/binance-meets-central-african-republic-president/): The CEO of global crypto exchange Binance, Changpeng Zhao ( CZ Binance) today, visited Bangui, Central African Republic were he met the country&#8217;s president Faustin-Archange Touadéra to discuss education, crypto adoption and regulatory framework. Central African Republic CAR, this year became, the second country and first in Africa to accept Bitcoin as a currency/ legal tender in the world. CAR further initiated and in the process of establishing a crypto hub and recently launched the country&#8217; national digital cryptocurrency token called Sango Coin. Also Read : The Central Africa Republic To Tokenize Its Natural Resources. Recently Binance CEO visited some West [&hellip;]
- [Pump Move For Bitcoin ? BTC Market Price Prediction](https://diutocoinnews.com/2022/08/bitcoin-price-to-pump/): Bitcoin price is swinging at $23k presently, a thorough look at the price guage indices shows that with the slow return of investors interest, Bitcoin might be heading for a price pump. The global cryptocurrency market cap was trading higher at the $1.08 trillion mark, rising marginally higher in the last 24 hours. However, the total trading volume dropped more than 4 per cent, close to $63.31 billion at the time of this report.from&nbsp;Diutolytics&nbsp;and&nbsp;TradingView&nbsp;showed BTC/USD falling to repeatedly test the key bear market trendline as support at $22,000, while the resistance is at $23,000. We may see BTC retest the US$23,000 [&hellip;]
- [Lagos Based Crypto Trader Jailed For Stealing N18 Million.](https://diutocoinnews.com/2022/08/lagos-crypto-trader-jailed/): A crypto trader based in Lagos Nigeria, Shola Henry, has been sentenced to two years’ imprisonment by the Ikeja Special Offences Court, Lagos State, for stealing N18,460,000 belonging to a businessman. Henry and his registered company, Henry Enterprise Concept, were charged by the Economic and Financial Crimes Commission with an amended seven counts bordering on obtaining money under false pretences and stealing. The court discharged the convict from counts one to six, but convicted him on count seven, bordering on stealing by fraudulent conversion. Justice Oluwatoyin Taiwo held that the business of cryptocurrency operated in an unpredictable environment and the defence [&hellip;]
- [Meta's Instagram Begins NFT Showcase For African Users, With Trust Wallet, MetaMask Support...](https://diutocoinnews.com/2022/08/instagram-nft-support-africa/): Meta&#8217;s Instagram has announced today, the global expansion of it&#8217;s Instagram digital collectibles sharing and trading function to Africa, including over 100 countries. The international expansion covers 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas. Additionally, function now support wallet connections with the Coinbase Wallet and Dapper, as well as the ability to post digital collectibles minted on the Flow blockchain. How To Use Instagram Digital Collectibles To Mint, Exhibit And Sell Your NFT. In order to post a digital collectible, all you need to do is connect your digital wallet to Instagram. As of today, Instagram digital [&hellip;]
- [Nigeria Tops List Of English Speaking Countries With High Interest In Cryptocurrency](https://diutocoinnews.com/2022/08/nigeria-top-list-of-crypto-english-country/): Latest research study new study has rated Nigeria as the country most that&#8217;s has shown most interest about cryptocurrency after the April crypto market collapse, the study also revealed that Kenya is the second-highest ranked African country, but not in the world. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term outlook for cryptocurrencies.” After the cryptocurrency market crashed in April, a new study found Nigeria as the number one ranked country among English-speaking countries that are most interested in cryptocurrency. According to the findings of [&hellip;]
- [Web3 Domain Name Trend: Opensea.eth ENS Domain Sells for 99.8 ETH](https://diutocoinnews.com/2022/08/web3-ens-domain-name/): Recently, domain names are getting widespread attention, especially ENS domains(.eth) amongst other web3 domain name extensions like .crypto, .nft, .dao etc. People believed that opensea is behind buying the .eth ens domain name for the meagre price. Some believe the price should be more than 100 ETH, a supposed 1000 ETH for the ens domain a user suggested. Earlier before now, we saw other ens domain names like paradigm.eth selling for 420 ETH last year which was valued at $1.5million. Initially, many believed that crypto-dedicated VC giant Paradigm was behind the expensive purchase. However, it denied those reports. Unstoppable, the popular [&hellip;]
- [Nigeria on Economic Collapse; External Reserve Down to $15b, Experts Predict Sri Lanka Situation](https://diutocoinnews.com/2022/08/nigeria-external-reserve-down/): Nigeria Nears Economic Collapse; External Reserve Down to $15b Contrary to CBN&#8217;s $36b Claim With Nigeria spending N5.9 trillion on imports in the first quarter, irrespective of the preferred exchange rate, reserves of $15 billion would barely cover four months of imports. As Nigeria prepares for general elections next year that promise to be one of the most keenly contested in its history, evidence is emerging that the economy faces a double whammy: an empty treasury and rapid decline. Government officials and business leaders who know about the situation say there have been concerns in Abuja and Lagos after an elected [&hellip;]
- [NaiveCopy: A Recent Active Cyber Threat Targeting Crypto Users](https://diutocoinnews.com/2022/08/naivecopy-crypto-cyber-threat/): In the second quarter of 2022, Kaspersky researchers witnessed Advanced Persistent Threat (APT) actors increasingly targeting the cryptocurrency space, enabling unauthorised transactions. Using cryptocurrency-related content and warnings from law enforcements as bait, the actor behind this new and highly active campaign, dubbed “NaiveCopy”, attacked stock and cryptocurrency investors in South Korea. Recent analysis of NaiveCopy’s tactics and techniques revealed another related campaign active the year before which targeted unknown entities in both Mexico and the UK. This, along with other discoveries, is revealed in Kaspersky’s latest quarterly threat intelligence summary. Read Also: Solana Wallet Exploit On-going, Users Advised to Move Funds [&hellip;]
- [More Woes For Flutterwave As Bank Of Ghana Opens Investigation for The African Fintech Start-up.](https://diutocoinnews.com/2022/08/ghana-investigates-flutterwave/): The Ghanaian government is looking into the financial record of Flutterwave, and has ordered financial institutions to provide details relating to the firm’s operational accounts. In a letter confidentially sent to the financial institutions, and dated July 13, the Bank of Ghana stated that it is conducting a review on Flutterwave Technology Solutions Limited as part of its continuous surveillance of the financial system. “To this end, we request you to furnish us with the following information on the above company: Details of services provided by the company to your institution. “All operational accounts of the company with your institution. Details [&hellip;]
- [Caution: Widespread Malware Clone Crypto Code Hits File Available on GitHub](https://diutocoinnews.com/2022/08/malware-clone-crypto-code-hits-file-on-github/): A recent report claims there is a widespread malware attack on GitHub which has affected over 35,000 code hits including; Crypto&nbsp; GoLang Python Js Bash Docker K8s&nbsp; This malware is reportedly added to npm scripts, docker images and install docs files. This malware exists in install docs such that a user downloading the installation files for desktop or mobile on GitHub gets to download the infected file.&nbsp; But recent claims suggests that it&#8217;s a creation from attackers which doesn&#8217;t affect original file created by the original author but rather creates an option which can confuse users downloading files. How it Works [&hellip;]
- [Solana Wallet Exploit On-going, Users Advised to Move Funds to FTX.](https://diutocoinnews.com/2022/08/solana-blockchain-hack-exploit/): Top Competing Layer-1 Blockchain Solana has been facing a major exploit on its platform as per the latest reports. The Solana Blockchain which has been in beta is now being faced with an exploit. As per details, thousands of Phantom wallets have been compromised with the hackers stealing around $6 million. There are more than 7000+ wallets affected, and also rising at 20/min. Although the exact figures aren’t known this is just a random estimate from people familiar with the matter. For users holding their funds in the hot wallets of Phantom, it&#8217;s advised they send funds to an exchange like [&hellip;]
- [How To Buy NFT In Nigeria](https://diutocoinnews.com/2022/08/how-to-buy-nft-in-nigeria/): NFTs adoption in Nigeria is growing. More NFT artists and creators are coming out and making sales. Nigerian creators largely buy NFT in Nigeria using OpenSea. More recently, NFT which has reportedly been in existence since the mid-2010s has gained traction, especially among creative professionals, and is said to be the next big thing after cryptocurrencies such as Bitcoin and Ethereum, which are fungible. However, Nigeria is not exempted from the NFT wave as practitioners in the country’s creative sector are already leveraging on the prosperity to make fortunes. Some NFT projects like Afrodroids are gaining traction, other notable ones are [&hellip;]
- [Central Bank of Nigeria Urged To Allow Naira To Trade Freely And Remove The Fixed Exchange Rate.](https://diutocoinnews.com/2022/08/cbn-naira-free-flow/): The Central Bank of Nigeria should without delay discontinue the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators said in an interview, this he claims will help to prevent further depreciation of the naira. The leader of forex traders also slammed the recent adjustment of the central bank’s interest rate to 13%, which he said could have a negative impact on Nigeria’s underperforming economy. In an interview with the News Agency of Nigeria, Gwadabe is also quoted advising the Central Bank of Nigeria [&hellip;]
- [Forsage Cryptocurrency Fraud Scheme Perpetrators Arrested for $300m Fraud](https://diutocoinnews.com/2022/08/forsage-cryptocurrency-fraud-scheme/): US authorities have arrested the Forsage cryptocurrency fraud scheme perpetrators. Eleven people is now charged for their role in defrauding retail investors for more than $300m worldwide. The US Securities and Exchange Commission (SEC) announced the charges on Monday, which relate to a Ponzi scheme called Forsage that had operated for more than two years. The agency charged the alleged founders of the pyramid scheme as well as several promoters. The founders were allegedly last seen living in Russia. Read Also: Uganda Legislators to Clamp Down on Ponzi Schemes and Pyramid Schemes Especially that of Crypto Scams in Uganda. Forsage’s website [&hellip;]
- [Meta's Facebook Metaverse Will "Misfire" : Ethereum Creator, Vitalik Buterin](https://diutocoinnews.com/2022/08/facebook-metaverse-misfire-ethereum-vitalik-buterin/): Ethereum co-founder Vitalik Buterin in response to a tweet question says that he doesn’t trust any of the existing attempts by corporations to create a metaverse, saying such attempt is “going anywhere,” pointing to Meta as being one he believes will “misfire.”  Responding to a tweet from Dialectic co-founder Dean Eigenmann, who believes venture capitalists may be wrong about what constitutes an ideal metaverse, Buterin said that while he believes “The metaverse is going to happen,” he doesn’t think any of the current attempts from corporates such as Mark Zuckerberg’s Meta are “going anywhere.” The Metaverse is generally described as a highly-interactive [&hellip;]
- [Best Performing African Token Project XEND Up 32% From All-time Low, WKD 51%](https://diutocoinnews.com/2022/08/best-performing-african-project-token/): Xend Finance Token started the week with 32% up from its all-time low on July 13 2022 with a Strong Buy market sentiment, data from Tradingview reveals.  Global crypto markets are currently down around 2% as of writing. Despite this, Xend finance token maintained a high trading volume count compared to other top performing project tokens from Africa.&nbsp; According to Coinmarketcap, Xend Finance token is mostly traded on Gate.io with a high liquidity of over $205,000 in daily trading volume and a market capitalization of over $3.2million.&nbsp;&nbsp; Xend token continued its surge, with prices of the token up nearly 33% in [&hellip;]
- [Kenya's Central Bank Bans Two Leading Nigeria Fintech Start-up Over License.](https://diutocoinnews.com/2022/08/kenya-bans-flutterwave-chipper-cash-nigeria/): The Central Bank Of Kenya&#8217;s supervision deputy director, Matu Mugo, in a circular, directed all regulated banks, microfinance and mortgage finance institutions to end their partnerships with the two Nigerian startups with immediate effect, hitting hard using regulation on Flutterwave and Chipper Cash, some of Africa’s highest valued startups. The letter to the bank CEOs followed remarks by CBK’s governor, Patrick Njoroge, that the two startups are not licensed remittance or payment service providers in Kenya — one of the biggest fintech hubs in Africa. “It has come to the attention of the Central Bank of Kenya (CBK) that Flutterwave Payments [&hellip;]
- [Namibia Launches First Bitcoin ATM, Crypto Kiosk](https://diutocoinnews.com/2022/08/namibia-crypto-bitcoin-atm/): Namibia, a Southern African country has launched its first Bitcoin ATM in the country bringing crypto adoption to the Southern part of the country. This adds to the increasing number of crypto atm in the Southern part of Africa.&nbsp; According to a report by AllAfrica, the crypto ATM, dubbed the Crypto Kiosk, was launched at Maerua Mall in Windhoek, Namibia.&nbsp; With the newly launched Crypto Kiosk, Namibian residents will be able to convert the two world’s largest cryptocurrencies – Bitcoin and Ethereum to the Namibian Dollar.&nbsp; Also, the crypto ATM users can purchase the two digital assets using the country’s fiat, [&hellip;]
- [The central African Republic Requests Regional Central Bank's Assistance in Crafting Crypto Regulations](https://diutocoinnews.com/2022/07/central-african-republic-crypto-regulations/): A recent report has that the Central African Republic is seeking the assistance of the regional central bank in the drafting of the crypto regulations of the country.&nbsp; Following some misunderstanding between the Central African Republic (CAR) and the Bank of Central African States (BCAS) over its decision to make bitcoin a legal tender, BCAS has now claimed the government of Bangui is seeking its assistance in developing the “regulatory framework governing crypto assets”.&nbsp; Read Also: Central African Republic Token (Sango Coin) Sale Records Low Turnover. BCAS, serves six countries that make up the Economic and Monetary Community of Central Africa [&hellip;]
- [Nigeria Policeman's Son Escapes With Lady's Benz, $700 Bitcoin.](https://diutocoinnews.com/2022/07/policeman-son-stole-ladys-bitcoin/): A Lagos-based 28-year-old man, Damilola Areje, has allegedly absconded with a 2019 Mercedes Benz GLE 43, worth N52 million, and $700 worth of Bitcoin belonging to a 32-year-old businesswoman, Nneka Chiemelu, who is into real estate and construction. According to Miss Chiemelu, Damilola, an acquaintance whose father, Inspector Adegbola Areje is a policeman, allegedly stole her car from her apartment in Lekki Phase 1 and absconded with $700 worth of Bitcoin which was paid into his wallet by one of her clients on Friday, July 22, 2022, at 04:05 pm. Information, however, gathered that all four of Damilola’s phone lines had [&hellip;]
- [KuCoin Crypto Exchange Debuts USDT-dominated NFT ETF: hiPUNKS Lists on Aug 4](https://diutocoinnews.com/2022/07/kucoin-nft-etf-hipunks/): KuCoin&#8217;s new investment product USDT-dominated NFT ETF, aims to increase the liquidity of and access to leading nonfungible token collections through Fractionalized NFTs. These fractionalized nfts targeted by KuCoin includes; hiBAYC (BAYC). hiPUNKS (cryptopunks). hiKODA (Koda nfts). hiSAND33 (sand33). hiENS4 (ENS4). KuCoin’s NFT ETF Trading Zone went live on Friday, the firm announced. The new investment product is launched in collaboration with NFT infrastructure provider Fracton Protocol. The KuCoin NFT ETF is a Tether (USDT)-dominated product that marks particular underlying NFT assets like Bored Ape Yacht Club.&nbsp; Read Also: KuCoin Introduces Fractional NFTs hiBAYC with hiBAYC Token Trading. BAYC is one [&hellip;]
- [Crypto P2P Trading In Nigeria Driving Naira Value Down: CBN Laments](https://diutocoinnews.com/2022/07/crypto-p2p-falls-naira/): Nigerians stockpiling cryptocurrencies, especially stablecoins to shield assets against a weakening naira have contributed to a slump in the fiat currency to a record low in the unauthorized market, report claims. The naira weakened to 670 per dollar on Wednesday said Abubakar Mohammed, an operator of a bureau de change that tracks the data in Lagos, the nation’s commercial hub. This compares with 424.34 naira at the official spot market as of 9.22 a.m. local time, 58% cheaper than the rate in the black market, where the greenback is freely traded.&nbsp; Blomberg reports that Africa’s largest economy operates a multiple exchange [&hellip;]
- [Nigeria's EFCC Raids Forex Traders Over Naira Depreciation.](https://diutocoinnews.com/2022/07/efcc-raids-forex-traders/): The Nigeria&#8217;s Economic and Financial Crimes Commission, (EFCC), yesterday raided Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, in a covert operation to stop currency hoarders and speculators who are alleged to be massively buying scarce foreign currencies.   The anti-graft agency took the action based on intelligence report that some people with massive naira inflow had mobilized resources and were buying up available foreign currencies, especially the United States dollar, with the intention hoard or launder the forex out of Nigeria. The action by the anti-graft agency might not be unconnected with [&hellip;]
- [Central African Republic Token (Sango Coin) Sale Records Low Turnover.](https://diutocoinnews.com/2022/07/central-africa-republic-sango-coin-token-sale/): The Central African Republic’s token sale seems to have recorded a poor start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25.&nbsp; Just Over $1.2 Million Raised Since Sango Coin Sale Started The sale of the Central African Republic (CAR)’s Sango crypto token, which commenced on July 25, has reportedly recorded a poor result.&nbsp; Out of the 210 million coins, only around 13 million coins have been sold to date. With the initial selling price set at $0.10 per coin. It means the CAR has now raised [&hellip;]
- [A Common Africa Digital Currency: A Possibility For Economic Growth.](https://diutocoinnews.com/2022/07/common-digital-currency-cbdc-for-africa/): Interests are growing on the need for a harmonized digital currency to boost transborder transactions and remittance among Africans. With the blockchain technology available for optimum creation of digital currency, time is ripe to have a common Africa Digital Currency, just like Europe&#8217;s Euros (though not digital). CBDCs Central Bank Digital Currencies are believed to&nbsp;make sending remittances easier, faster, and cheaper&nbsp;by shortening payment chains and creating more competition among service providers. Faster clearance of cross-border payments would help boost trade within the region and with the rest of the world. The head of the Bank of Central African States (BCAS), Herve [&hellip;]
- [Create Videos, Upload and Earn FVT on the FavorTube SocialFi Platform.](https://diutocoinnews.com/2022/07/create-and-earn-on-favortube-socialfi/): FavorTube SocialFi is a fully decentralised create-to-earn video content creation platform for vloggers on the web3 created by FavorLabs. What is FavorTube: FavorTube is the first fully decentralized Web 3 platform that connects content creators, fans and users directly. Subscribers pay to watch videos while viewers get paid to watch and creators get paid when they upload their videos. FavorTube SocialFi content creation platform is for vloggers. It&#8217;s similar to YouTube for creators but it now gives users full control over their content and is fully decentralised.&nbsp; Features of FavorTube SocialFi platform: User-owned Data: Users can take ownership of data storage, [&hellip;]
- [Flutterwave Appoints Ex-Goldman Sachs Director as new CTO](https://diutocoinnews.com/2022/07/flutterwave-appoints-cmo/): Flutterwave, Africa’s leading payments technology company, has announced the appointment of Gurbhej Dhillon, a former Goldman Sachs director, as its new Chief Technical Officer (CTO).&nbsp; Dhillon was Managing Director, Technology Fellow, CTO, and Head of Lending Engineering for Marcus, Goldman Sachs’ lending platform, before joining Flutterwave with a valuation of $3billion. Gurbhej will be responsible for the further development of Flutterwave’s innovative technology platform which currently supports integrations with key technology partners like VISA, Mastercard, Discover Card Networks, and customers like Uber, Flywire, Booking.com etc.&nbsp; Read Also: Flutterwave Shutdown Barter Virtual Dollar Card Service. Commenting on the new deal, Olugbenga ‘GB’ [&hellip;]
- [Nigeria’s Play-to-Earn Gaming Adoption Rate Hits 16.9% in 2022: See Top 10 Countries in GameFi Adoption.](https://diutocoinnews.com/2022/07/play-to-earn-gamefi-adoption-in-nigeria/): Play-to-earn (P2E) gaming or GameFi adoption rate in Nigeria hits 16.9% this year, according to Finder’s NFT Gaming Adoption Report.&nbsp; Finder.com polled 43,312 people across 26 countries to reveal that over 16% of Nigerian internet users have used GameFi and an additional 17% are planning to join the GameFi industry. India has the most gamers (34%), followed by Hong Kong (29%), The United Arab Emirates (27%) and the Philippines (25%).&nbsp; Nigeria currently ranks 9th globally for P2E adoption but Finder’s cryptocurrency editor, Keegan Francis, says forecast adoption will move it up to 5th.&nbsp; Read Also: Top 5 SocialFi projects to earn [&hellip;]
- [Terrorist Groups Exploits South Africa Financial Institutions, Also Seeks Crypto Donations.](https://diutocoinnews.com/2022/07/terrorists-use-south-africa-bank/): Accomplices of the terrorist network, the Islamic State (IS) who are on rampage in Africa especially Mozambique are allegedly using South Africa’s financial system to transfer funds to the group’s affiliates and networks across Africa. The United States government has placed embargo on four South Africa-based individuals it accused of facilitating the transfer of funds to African terror groups. Recently, South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas lenders. A new United Nations Security Council (UNSC) document alleges affiliates [&hellip;]
- [Interest In Web 3 Careers Are Growing: New Report Examines Potential And Work Flexibility.](https://diutocoinnews.com/2022/07/web-3-careers-jobs-grows-flexible/): Latest survey research from crypto exchange KuCoin has revealed that Web3 fans who have not worked in the industry are very eager to explore opportunities in the blockchain space. The participants noted that the industry’s appeal includes flexibility, growth opportunities and the future outlook of the nascent space. In the study, titled “Journey Into Web3: A Global Study on the Future of Work,” researchers dive into the engagement and perception of people about working in Web3. Within the report, researchers found that more than half of their surveyed respondents — comprising 3,608 internet users across Twitter and LinkedIn who were aware of Web3 — are [&hellip;]
- [Little Above Half Of South Africans Has Zero Awareness Of Cryptocurrency.](https://diutocoinnews.com/2022/07/53-south-africa-do-not-know-about-crypto/): The latest findings of Merchant’s consumer survey study shows that little over half of South Africans (53%) have little to zero knowledge about cryptocurrency. The study also found that out of the surveyed South Africans, only 14% believed they had a strong hold on the subject of cryptocurrencies. Some 23% of the respondents said they were “neutral.” According to a report by IOL, young people aged between 18 and 24 were likely to be more knowledgeable about cryptocurrencies than those aged 25 and above. The results of this study appear to back the findings of an earlier research study which said only 11.3% of [&hellip;]
- [Fractional NFT Explained: What is Fractional NFT and How it Works](https://diutocoinnews.com/2022/07/what-is-fractional-nft-and-how-it-works/): A Fractional NFT is a whole NFT divided into smaller pieces. Fractional NFTs help to increase inclusion, democratization and participation in the NFT and Crypto space.  It makes NFT ownership accessible to more people. Fractional NFTs can enhance market liquidity, provide better price valuations, and democratization. If you are looking to invest in a popular NFT collection like BAYC but feel it&#8217;s too expensive? Fractional NFTs could be an alternative. The idea of Fractional NFT is to allow investors who missed entering or owning an NFT at the early stage as floor prices might have increased to own them. Moreover, some [&hellip;]
- [The First Open Auction of .ton TNS Domain Name Goes Live on 30th July.](https://diutocoinnews.com/2022/07/ton-domain-name/): TON domain name TNS (TON Name Service) will go live on dns.ton.org on 30th July. Telegram Open Network (TON) ecosystem&#8217;s major goal is to make the TON ecosystem as user-friendly as possible. With the .ton decentralized domains, you will not need to remember the IP address of the site you want to visit. You only need to know the name of the site. So, here, too, you will be able to assign your contract a unique address. This solution will simplify and personalize transactions among users because the transfer will be available by a unique username with the ending “.ton” — [&hellip;]
- [Unstoppable Domains Raises $65 Million To Turn Website Domains Into NFTs.](https://diutocoinnews.com/2022/07/unstoppable-domains-65-million-nft/): Unstoppable Domains have raised $65 million in a series A equity funding round, a virtual land rush for NFT internet domains, which use public blockchains that give users complete ownership of their data, helped one of the few companies that set up such sites claim a $1 billion valuation. The financing was led by Pantera Capital with participants including Alchemy Ventures, OKG Investments and PolygonMATIC, along with previous investors Boost VC and Draper Associates. NFT domains, unlike the traditional kind, live on public blockchains and give users complete ownership over their data. The domains, with endings like .nft, .wallet and .crypto, [&hellip;]
- [Hopes of Return for Pi Network Believers with the Recent Art Festival Launch for Emerging NFT Creators.](https://diutocoinnews.com/2022/07/pi-network-art-festival/): The Pi Core Team hosted the #Pi2DayArt Festival from July 6-19, 2022, to celebrate the Pi2Day initiation of Mainnet Migration and KYC verification of over 1.5 million Pioneers brought back hopes of a return to the platform believers. Pi Network started with a vision for Pi to be not only a social cryptocurrency but also an entire apps ecosystem where Pioneers can interact with one another and spend Pi for real utilities and use cases. The Pi Chat app, where a large portion of the #Pi2DayArt Festival took place, is one of the first instantiations of this vision of social interactiveness [&hellip;]
- [Ivy League University Rolls Out Online Certificate Courses In The Metaverse.](https://diutocoinnews.com/2022/07/university-certificate-courses-metaverse/): One of the leading Ivy League schools, The University of Pennsylvania Wharton School of Business revealed on  Tuesday that its Aresty Institute of Executive Education will launch a certificate program titled Business in the Metaverse Economy. The six-week course will be taught online. Cointelegraph reports that Wharton, one of the world’s leading business schools, teamed up with consulting firm Prysm Group to design the course, which will include more than 50 lectures by faculty and industry representatives, as well as six case studies. Guest speakers will come from Adobe, Animoca Brands, R/GA, RLY Network, Second Life, The New York Times and The [&hellip;]
- [JUST IN: Naira Touches N700 to a Dollar at Crypto P2P Market](https://diutocoinnews.com/2022/07/naira-to-dollar-crypto-rate/): Naira touches N700 to a dollar today on the crypto p2p market after touching an N690 low yesterday, a 0.01014%&nbsp; increase from yesterday&#8217;s low. Naira to USDT market opened at N687 to a dollar at the beginning of the week and is now at N700, a 0.01065% increase.&nbsp; Data collated from Usefultulips, a Bitcoin p2p analytic provider (aggregating through Paxful and Localbitcoins), shows Nigeria dwarfs the rest of Africa combined on the use of bitcoin for peer-to-peer transactions. For instance. in the last 7 days, its closest rival in P2P BTC transactions, Kenya, totaled over $2m while Nigeria at over $4m [&hellip;]
- [Meta History Museum Releases New NFT As It Raised Over $1 Million Using Social Blockchain Tech.](https://diutocoinnews.com/2022/07/meta-history-museum-nft-1-million-ukraine/): Using revolutionary social blockchain technology, META HISTORY project team created Ukraine’s first NFT war museum one month after Russia’s full-scale invasion. Since then they have managed to raise $1,290,398 (803.28&nbsp;ETH) for the Aid For Ukraine crypto fund, created by the Ukrainian Ministry of Digital Transformation together with the Ukrainian crypto platform KUNA and the blockchain company Everstake, and the Charity Foundation of Serhiy Prytula. “The idea of immortalizing the history of events in works of art and offering them to those who want to support Ukraine proved viable from day one. The drop in March brought in over $600,000 in 24 [&hellip;]
- [Binance Adds 12 Nigerian Banks to Payment Method on Binance P2P for Africa](https://diutocoinnews.com/2022/07/binance-p2p-nigeria-payment-method/): Binance, the world’s largest cryptocurrency by volume of transactions, just announced that it added 12 Nigerian banks to Binance P2P for Nigeria. Binance added 21 banks across the African continent; however, 12 or 57% of those banks are Nigerian banks which include: Access Bank, Ecobank, Fidelity Bank, First Bank of Nigeria, FCMB, GTBank, Keystone Bank, Stanbic Bank, Standard Chartered Bank, Sterling Bank, Zenith Bank, Union Bank of Nigeria. This suggests that a chunk of Binance’s P2P volume comes from the country. Binance argues that by using a specific local bank or e-wallet in the advertisement as a payment method before picking [&hellip;]
- [Paxo Finance Launches 30 days Learn and Earn Program.](https://diutocoinnews.com/2022/07/paxo-finance-learn-and-earn/): PAXO Finance, a decentralized undercollateralized money market protocol, is proud to announce the launch of the first Learn &amp; Earn program that will run for 30 days, scheduled to begin from July 20, 2022, to Aug 20, 2022. Through the Learn &amp; Earn Program, PAXO.Finance will be actively rewarding all users with PAXO tokens. Any user can participate. But you must meet these criteria to participate: Read More: Top Learn to Earn Websites in Web3 Join Paxo Finance on Telegram and Discord.  Follow @paxo.finance and retweet the learn and earn campaign on Twitter. Tweet your entry and tag paxo finance on [&hellip;]
- [KuCoin Introduces Fractional NFTs hiBAYC with hiBAYC Token Trading.](https://diutocoinnews.com/2022/07/hibayc-nft-token-trading/): KuCoin is introducing the first project of the Fractional NFTs Platform which will be featured in BAYC (Bored Ape Yacht Club) collectibles. hiBAYC is an ERC-20 token representing 1/1,000,000 ownership of one BAYC in the collection vault. Fractionalized Fungible Token Sale Details:&nbsp; 1 BAYC NFT = 1,000,000 hiBAYC Initial Total Supply: 2,000,000 hiBAYC Hard Cap Per User: 200,000 hiBAYC Token Sale Price: 1 hiBAYC = xx USDT Token Type: ERC-20 Token Sale Format: Flash Sale (first come, first served) Trading Pair: hiBAYC/USDT KuCoin will list the HIBAYC/USDT trading pair under our the NFT ETF trading zone at 10:00 on July 29th, [&hellip;]
- [Crypto Market Cap Slips Below $1 Trillion Mark, Nigeria Crypto Token QDX, BTC, BNB , Ethereum Prices Slides.](https://diutocoinnews.com/2022/07/bitcoin-crypto-price-analysis-today/): The total market capitalization of the crypto space again slipped below the $1 trillion mark, with Bitcoin barely holding on to the $21,000 level while&nbsp;Ethereum&nbsp;dropped below the $1,500 level. Rising fears of economic slowdown continue to haunt the riskier assets. All the top crypto tokens were trading lower during the early hours on Tuesday.&nbsp;Quidax QDX slips over 4 per cent, whereas&nbsp;BTC&nbsp;and&nbsp;BNB&nbsp;falls by 5 per cent each. Ethereum and Solana dropped 6 per cent each at the time of this report. The global cryptocurrency market cap was trading lower at the $966.86 billion mark, dropping more than 4 per cent in the [&hellip;]
- [Africa The "Crypto Continent" Records 1200% Growth In Cryptocurrency Ecosystem.](https://diutocoinnews.com/2022/07/africa-crypto-adoption/): From June 2020 and June 2021, US$105.6 billion was sent to Africa in cryptocurrency payments, according to Chainalysis, this was a 1200% growth rate compared to the previous year. What makes it notable was that this was arguably the period marked by the highest economic uncertainty in recent decades. Amid job losses and disruption of trade dynamics, people explored viable ways to keep their income and livelihoods afloat. The 1200% growth, in spite of government bans and restrictions on cryptocurrency use, indeed tells a story that needs to be heard. The story is that as long as an alternative tool or [&hellip;]
- [African Regional Bank BEAC, Urger To Introduce Common Digital Currency .](https://diutocoinnews.com/2022/07/bank-of-central-africa-digital-currency/): The Bank of Central African States (BEAC), also or Banque des États de l&#8217;Afrique, which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic (CAR), is on it&#8217;s way to become the first regional bank on the continent to launch a common digital currency all things being equal. BEAC was urged to advance the move by its board of directors in meetings held on July 20 and 21 in Cameroon’s economic Douala, Bloomberg&nbsp;reported&nbsp;on Friday (July 22). The central bank for the region was also urged to promote regional financial inclusion. The board’s call to action [&hellip;]
- [Lenders Are Frustrating eNaira CBDC Adoption ; Central Bank Governor.](https://diutocoinnews.com/2022/07/lenders-are-frustrating-enaira-cbdc-adoption-central-bank-governor/): Nigerian lenders lack of interest are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable Nigerians without bank accounts to open e-naira wallets. The Nigerian central bank governor, Godwin Emefiele, has reportedly slammed some lenders he accuses of thwarting the adoption of the e-naira digital currency in the country. According to Emefiele, lenders are not prioritizing the promotion of the central bank’s digital currency because they fear this could [&hellip;]
- [Cryptocurrencies Can Create New Job Parts For Young People ; Kenyan Activist](https://diutocoinnews.com/2022/07/crypto-kenya-jobs-young-people/): Kenya-based activists, raising funds through cryptocurrency and non-fungible tokens (NFT) sales says crypto ecosystem is not only faster but less costly as well. He added that digital currency also has the “potential to create new ways for young people to earn, spend, save and send money.” After the Covid-19 pandemic caused traditional funding channels to dry up, some African activists responded by raising funds through cryptocurrency and non-fungible tokens (NFT) sales. The raised funds have in turn ensured the sponsorship of activists’ welfare work continued unhindered by pandemic-related challenges. Although cryptocurrency is still relatively new to some activists, a director of [&hellip;]
- [Africa Accounts For Less Than 1% of the Global Spot and Derivatives Trading](https://diutocoinnews.com/2022/07/africa-accounts-for-less-than-1-of-the-global-spot-and-derivatives-trading/): It&#8217;s common thinking for anyone to assume that the crypto market is too late to get into due to the bear market. The prices of the major crypto asset are down. However, a report shows that the industry is still in the early phase of its adoption.  In a joint report published by Boston Consulting Group, Bitget and Foresight Ventures, data shows that Africa accounts for less than 1% of the global spot and derivatives trading. According to BCG, South Africa is the largest crypto market with a more advanced financial infrastructure and a fiat-to-crypto payment wall. Nigeria is the second [&hellip;]
- [What You Should Know About eNaira And How It Works.](https://diutocoinnews.com/2022/07/enaira-how-it-works-what-know/): The eNaira CBDC’s digital currency app and its merchant wallet became available for download after going live. Nigeria is one of only a few countries in the world and certainly the first in Africa to develop an official digital currency. Nearly a year after the currency has taken off, many Nigerians say they still do not understand how it operates and why the country needs a digital currency in the first place. Here are 10 major things you should know about the eNaira and how it work. 1. It’s the digital form of the Naira The eNaira is the digital form [&hellip;]
- [Nigeria Is Broke! Debt Servicing Surpasses Revenue.](https://diutocoinnews.com/2022/07/nigeria-debt-surpasses-revenue-broke/): Nigeria first quarter financial fiscal report released by the federal on Thursday, shows that the cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first four months of 2022. According to the report, the federal government’s total revenue for the period was N1.63 trillion, while&nbsp;debt service&nbsp;gulped N1.94 trillion. While giving updates on the budget performance in Abuja, Zainab Ahmed, minister of finance, budget and national planning, said urgent action is urgently required to address revenue underperformance and expenditure efficiency at national and sub-national levels. “The aggregate expenditure for 2022 is estimated at N17.32 trillion, with [&hellip;]
- [CBN To Arrest Nigerians Using Naira To Buy Dollar.  ..."threat is empty" Expert.](https://diutocoinnews.com/2022/07/cbn-to-arrest-dollar-buyers/): The&nbsp;Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollar, saying it would place a post-no debit on bank account(s) of any customer violating this rule. “For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the implication of that,” Godwin Emefiele, CBN governor, said Tuesday at the Monetary Policy Committee (MPC) meeting in Lagos. He said the CBN would conduct investigations, and any individual found culpable would be barred from conducting bank transactions. Emefiele further added that the CBN would [&hellip;]
- [Ghana Debt Default Risk Profile Ranked 2nd Globally.](https://diutocoinnews.com/2022/07/ghana-debt-default-risk-rank-2nd/): Visual Capitalist latest report shows that, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps. Another metric pointing to Ghana’s likely default is the country’s interest expense as a percentage of the gross domestic product (GDP). According to Visual Capitalist data, with a share of 7.2%, Ghana’s interest expense ratio is the second-highest in the world behind only that of Egypt (8.2%). [&hellip;]
- [Elon Musk's Tesla Dumps 75% Of It's Bitcoin Holdings At The Height Of Bear Market.](https://diutocoinnews.com/2022/07/tesla-dumps-75-bitcoin/): At the company&#8217;s second quarter of the year report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter, for $963 million, noting that the value of its remaining “digital assets” is $218 million. Early last year,&nbsp;Tesla&nbsp;invested $1.5 billion in&nbsp;bitcoin, banking on what the electric car maker&nbsp;called&nbsp;the digital currency&#8217;s &#8220;long-term potential.&#8221; The company has already sold three-quarters of its holdings. &#8220;As of the end of&nbsp;Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,&#8221; Tesla said in its second-quarter&nbsp;earnings statement&nbsp;on Wednesday. The company said those sales added $936 million in cash to its [&hellip;]
- [Central African Republic (CAR) Launches Sale Of Sango Coin Crypto Token, 42 Million Up For Grab.](https://diutocoinnews.com/2022/07/central-african-republic-sango-coin-crypto/): The Central African Republic ( CAR) announced the launch of Sango Crypto token, calling on investors to buy tokens worth at least $500, in return for buying and locking in the Sango coins, investors will gain citizenship and a piece of real estate property as well as a location in the metaverse. The Central African Republic (CAR), the only African country to designate bitcoin legal tender, will begin selling the Sango coin for an equivalent of $0.10 starting July 25. However, another&nbsp;report&nbsp;says the sale will commence on July 21. The publication on the&nbsp;Sango coin website, shows that a total of 210,000,000 [&hellip;]
- [Nigeria Central Bank To Focus On Crypto, Fintech... In New Monetary Policy.](https://diutocoinnews.com/2022/07/cbn-crypto-fintech-monetary-policy/): The Governor, Central Bank of Nigeria, CBN, Godwin Emefiele, has said that the Monetary Policy Committee will chart a new course for an improved monetary policy and CBN that will provide direction for monetary policy in Nigeria. The governor said this at a Monetary Policy Committee, MPC, Strategic Retreat in Lakowe, Ibeju-Lekki in Lagos on Friday. The theme of the retreat was “Monetary Policy Implementation in a Digitally-Evolving Developing Economy.&#8221; Mr Emefiele said that technology and innovation was playing a major role in output growth and economic development in Nigeria, hence the need to explore new ways of adapting monetary policy [&hellip;]
- [Naira Falls To N622 ON P2P, Due To Scarcity At Official Market.](https://diutocoinnews.com/2022/07/naira-falls-to-n622-today/): Nigeria’s currency, Naira on Monday depreciated to N622 per dollar at the peer to peer (P2P) parallel market popularly called black market, as scarcity of USD dollar persisted at the official market, forex trading monitoring reveals. The naira depreciation followed the demand pressure from end users who could not purchase dollars from the banks due to shortages. Nigerian economists/analysts have said there are no immediate solutions to naira depreciation after all the foreign exchange measures introduced by the monetary authority to stem the tide. However, the Central Bank of Nigeria (CBN) is expected to address the foreign exchange challenges at its [&hellip;]
- [Fintech Nigeria Owners Jailed In US Over $160 Million Sent To Nigeria.](https://diutocoinnews.com/2022/07/fintech-nigeria-jailed-us-160-million/): The owners of a Fintech payment platform, PING Express based in Texas with ties to the UK pleaded guilty in the US to money laundering failures after their business facilitated the shipping of $160 million to Nigeria over about three years. Anslem Oshionebo, 45, and Opeyemi Odeyale, 43, received 27-month prison sentences for failing to maintain effective anti-money laundering controls and unlicensed money transmitting, according to US legal filings. The Dallas-based company they owned and operated &#8212; Ping Express US LLC &#8212; faces five years of probation and a fine as high as $500,000 after pleading guilty to a similar charge, [&hellip;]
- [Top Learn to Earn Websites in Web3](https://diutocoinnews.com/2022/07/top-learn-to-earn-websites-in-web3/): Learn to Earn in web3 is a new idea that started trending in 2021. It became more popular in 2022 and now people search online for places or websites to learn and earn. Recently, different platforms, most especially crypto exchanges and wallet providers, have launched learn to earn projects which after some time closes or gets suspended. Platforms like Coinmarketcap were among the first platforms to launch learn to earn in web3 but for a long time now, it has been inactive. Here is a list of just not active but constant open learn to earn websites in 2022.&nbsp; Layer3 (https://layer3.xyz): [&hellip;]
- [Nigeria Govt Endorses Blockchain Technology For ICT Ecosystem.](https://diutocoinnews.com/2022/07/blockchain-nigeria-ict-ecosystem/): The Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, has assured key industry players and Nigerians of the Federal Government’s commitment to create and enforce regulations that will fast-track effective utilisation of Blockchain technology for the development of the Nigerian digital economy. Pantami said this while delivering a keynote address on the ‘Applications of Blockchain Technology for Intellectual Property (IP) Enforcement’ at the American Business Council event, in partnership with the United States Patent and Trademark Office. The minister, who was represented by Salihu Abdulkareem Arsh of the National Centre for Artificial Intelligence and Robotics (NCAIR), alluded to the fact [&hellip;]
- [Top Free Online University Campus Spots to Learn Professional Skills](https://diutocoinnews.com/2022/07/free-online-university-campus-spots/): Online University Campus Spots are virtual campus spots of the internet university. In this internet age, anyone at any location of the universe can learn and become a master in some professions utilizing these virtual campus spots.&nbsp; Nobody necessarily needs to be around physically to learn and master most of the professions. Though some professions like being a doctor and others needs presence. But then very few persons have a knowledge about these spots. About 99% don’t know the best spots on this virtual campus. This article is for this 99% who don&#8217;t know about these spots on the online university [&hellip;]
- [Binance Losses Domain Name To Australian Flower Seller.](https://diutocoinnews.com/2022/07/binance-domain-name-australia-flower/): Binance, the largest crypto exchange in the world, just lost a domain name dispute with Binancé, an Australian florist, over the domain name ‘binance.com.au’ . Binance, represented by Ashurst Australia, had been battling the florist since April 15. Binance&#8217;s lawyers argued the florist has no claim to the trademark, since Binance registered its trademark on November 21, 2018, a year before the florist registered its domain name on October 27, 2019.  But on June 17, Binance lost the battle. As proof, head over to Binance.com.au, and you will not encounter the Australian version of the crypto exchange behemoth but a cutesy online [&hellip;]
- [Flutterwave Shutdown Barter Virtual Dollar Card Service.](https://diutocoinnews.com/2022/07/flutterwave-shutdown-barter-virtual-dollar-card/): Nigeria based Fintech company, Flutterwave, has announced the shutting down of its virtual dollar card service also known as Barter card, effective from July 17, 2022. The company disclosed this in a message to its customers on Friday. This means that Nigerians will no longer be able to carry out dollar transactions on the platform. The development would also worsen dollar transaction problem for many Nigerians who are leveraging the service to make purchases outside the country. The company says it is stopping the service because of “an update from our card partner, which will cause the card service to be unavailable [&hellip;]
- [Russia Bans Crypto Digital Assets As  Means Of Payment.](https://diutocoinnews.com/2022/07/russia-bans-crypto-payment/): Russian President Vladimir Putin today signed into law a national ban on using digital assets for payments, the legislation compels exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” The action comes after the Russian government and central bank have long debated what to do about cryptocurrency. The law imposes direct restrictions on the use of digital financial assets (DFAs) as a means of payment inside his country, the crypto page of the RBC business news portal reported. The ban applies to utilitarian digital rights (UDRs) as well. Russia [&hellip;]
- [South Africa Crypto Exchange Firms Embrace The New " Financial Asset Label For Crypto In SA.](https://diutocoinnews.com/2022/07/south-african-crypto-financial-asset/): South Africa’s Reserve Bank recently announced that it is set to begin regulating cryptocurrencies as &#8220;financial assets&#8221; in the next 18 months, with exchanges expecting the move to drive adoption in the country. The move to classify&nbsp;cryptocurrencies as financial assets&nbsp;and not currency has been talked about for some time by the South African Reserve Bank (SARB). Deputy governor Kuben Chetty confirmed that the new regulations would take effect over the next year, speaking in an online dialogue on Monday. The cryptocurrency space has been left to develop organically in South Africa, with no clear-cut regulations issued by the SARB until recently. [&hellip;]
- [Crypto Winters: Top 4 Crypto Bankruptcy Of 2022 Bear Market.](https://diutocoinnews.com/2022/07/top-4-crypto-bankruptcy-2022-bear/): The crypto market is known for its ups and downs, but the latest slide is unprecedented in its magnitude. Crypto has gone through several major drops in its history — known by its parlance as “crypto winters” and to the rest of finance as a bear market — but the market’s expansion and increasing adoption from Main Street to Wall Street means more is at stake now. After crypto’s last two-year hibernation ended in 2020, the sector spiked to around $3 trillion in total assets last November, before plunging to less than $1 trillion. Let&#8217;s look at the the top four losses or bankruptcy of [&hellip;]
- [Beware! Crypto Trader Loses Bitcoin BTC After Downloading Ledger App From Microsoft.](https://diutocoinnews.com/2022/07/bitcoin-microsoft-ledger-app-malware/): A Bitcoin entrepreneur on Twitter has sent out an SOS to all crypto traders, that the ledger app from Microsoft store contains malware capable of accessing users wallet. The SOS tweet message from the handle @volker_btc reads, &#8221; DO NOT DOWNLOAD THE LEDGER APP FROM THE MICROSOFT STORE. IT IS MALWARE!!!!! Someone I know just lost all his BTC. Dont do that! The App asked for the seed phrase (backup phrase), which he entered several times (it was repeatedly rejected). NEVER, EVER TYPE YOUR SEED PHRASE INTO A COMPUTER KEYBOARD!!! NEVER!!!&#8221; Malware, short for “malicious software,” refers to any intrusive software [&hellip;]
- [Decentralized Betting Platform BetDemand Rebrands To Stakefair With $670k Fundraise](https://diutocoinnews.com/2022/07/betdemand-rebrands-stakefair-670000-pre-seed/): Stakefair ) formerly BetDemand) announces $670,000 pre-seed funding to expand beyond DeFi gaming, after undergoing beta testing as BetDemand for 6 months, the rebranded name, Stakefair is now launched to incorporate new arms of the expansion The funds are being channelled towards building an ecosystem for decentralized and centralized platforms to interact with ease; that is, a DeFi yield generation protocol for users, businesses and governments. Stakefair (BetDemand) is a Decentralized Finance (Defi) service that pools together funds — cryptocurrencies in a sport event prize pool, allowing users to predict the outcome of a game, giving out cash rewards to the [&hellip;]
- [How to Fund a New Small Business](https://diutocoinnews.com/2022/07/how-to-fund-a-new-small-business/): Running a business of your own and being your own boss can be just what you need if you are tired of the challenges and limitations that come with working for someone else.&nbsp; However, even though you might have some big plans for your venture, there will be obstacles to overcome. And one of the biggest challenges that you need to face when starting a new small business is how you will go about funding it.&nbsp; After all, you will need to have enough money on hand to get the business off the ground, whether you plan on working as a [&hellip;]
- [Binance Burns $444.6 Million In BNB Crypto.](https://diutocoinnews.com/2022/07/binance-burns-444-million-bnb-crypto/): Global Cryptocurrency exchange Binance has announced the completion of the 20th quarterly burn of its native token, BNB pushing the token price above $251 ( at time of this report) from $216. According to the official&nbsp;blog post, nearly 1.96M BNB (around $444.6 million) was burned in the process, marking its third quarterly burn through the relatively new “auto-burn” feature. The previous BNB burns reflected the tokens’ usage and revenue generated in the Binance centralized exchange. However, it was replaced by BNB Auto-Burn, a move with which the platform expects to make the process more objective and clear to the community. The introduction of [&hellip;]
- [Why Is 'Bitcoin Crash' Trending On Google Trends ?](https://diutocoinnews.com/2022/07/crypto-crash-google-trends/): Today &#8216;Bitcoin Crash&#8217; is trending per the current status of the current market bear market. In 2021, the word “crypto” trended all over the internet as the crypto market was generally flourishing and was Google&#8217;s most searched word. However, now it appears that the good fortunes of digital coins havee waned as cryptos have slipped into a serious bear market. Bloomberg recently&nbsp;reported&nbsp;that while the short-term investors wasted no time in dumping their holdings, even the old-timers are now exiting the scene. The most recent Bitcoin (BTC) crash saw the asset’s price go as low as $17,000, its lowest price since late [&hellip;]
- [South Africa Plans To Regulate Crypto As A Financial Asset.](https://diutocoinnews.com/2022/07/south-africa-crypto-financial-asset/): South Africa’s Reserve Bank SARB will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months, to balance investor protection and innovation. Cryptocurrency use in South Africa is in a healthy space, with around 13% of the population estimated to own some form of cryptocurrency, according to research from global exchange Luno. With more than six million people in the country having cryptocurrency exposure, regulation of the space has long been a talking point. Companies or individuals looking to provide advice or intermediary services involving cryptocurrencies are currently required to be recognized as financial services providers. This involves meeting a [&hellip;]
- [Dollars Equals Euros For The First Time In 20 Years, Bitcoin To The Rescue](https://diutocoinnews.com/2022/07/dollar-euro-parity-equal-20-years/): The global forex exchange rate between the euro (EUU) and the US dollar has reached parity &#8212; meaning the two currencies are worth the same, for the first time in 20 years, the euro hit $1 on Tuesday, down about 12% since the start of the year. BitMEX co-founder Arthur Hayes said that the euro’s slide was a sign that Bitcoin could hit $1 million by the end of the decade.  The declining value of fiat currencies like the euro has long been a point of discussion in crypto circles. Bitcoin was famously born out of the 2008 Global Financial Crisis; its pseudonymous creator Satoshi Nakamoto [&hellip;]
- [Ghana Inflation Hits 27% High for The First Time In 18 Years.](https://diutocoinnews.com/2022/07/ghana-inflation-hits-27/): Inflation in Ghana by May 2022 increased to 27.6% within a year from 23.6% in April 2021, statistics agency data showed on recently, hitting a new 18-year high and marking a full year of skyrocket price growth. The central bank of Africa’s second-largest gold and cocoa producer hiked its main interest rate in March and again last month to try to stem runaway inflation, but it is yet to halt the rise in prices. The cedi currency has been under pressure, losing around 5% against the dollar since its May 9 close and more than 21% since the start of the year, [&hellip;]
- [Kenyans Has Largest Ratio Of Citizens Who Owns Crypto In Africa: United Nations.](https://diutocoinnews.com/2022/07/kenya-highest-crypto-owners-africa/): Recent data from the United Nations Conference on Trade and Development (UNCTAD) claims that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition of taxes that discourages crypto trading. According to the data in the latest (UNCTAD) policy brief, Kenya’s digital currency ownership as a share of the population of 8.5% is the highest in Africa and the fifth-highest globally. Only Ukraine with 12.7%, Russia (11.9%), Venezuela (10.3%), and Singapore (9.4%) have a higher proportion of crypto-owning residents than Kenya. As the data shows, South Africa [&hellip;]
- [Ghanaian Cedi (GHS) Is Now Available Live On FTX Exchange.](https://diutocoinnews.com/2022/07/ghana-cedis-live-on-ftx/): FTX crypto exchange users can now deposit Ghanaian Cedi (GHS) via the FTX website and FTX APP. The move provides a new and competitive fiat gateway for Ghana, and is the latest addition to FTX’s comprehensive fiat on-ramp service.  How to deposit Ghanaian Cedi (GHS) to FTX? Log into your FTX account and click on “Portfolio”.  Make sure you are level 2 KYC verified. For more information, please watch our user guide on how to get verified.  Under the balances tab, search for Ghanaian Cedi (GHS) and click ”Deposit”.  It will then show a list of deposit methods. Select “Mobile Money” transfer. Enter the amount you [&hellip;]
- [Binance CEO Visit Senegal And Côte d’Ivoire President In Latest West Africa Tour.](https://diutocoinnews.com/2022/07/binance-ceo-visits-west-africa/): Changpeng Zhao, the founder and CEO of Binance, the world’s largest cryptocurrency and blockchain infrastructure provider, has recently visited Ivory Coast and Senegal as part of his tour to connect with Binancians across the world and collaborate with policymakers. CZ’s stay in the region involved meetings with Alassane Dramane Ouattara, President of Ivory Coast and Macky Sall, President of Senegal, amongst others. Changpeng, known more commonly by his initials “CZ”, expressed the company’s commitment to collaborating with policymakers in Africa as well as highlighting blockchain’s importance to the financial economy. “Africa is primed for crypto adoption as blockchain provides financial accessibility [&hellip;]
- [Bitcoin Swings At $21k, BNB, Ethereum Resists Bear Attack, As StepN Pumps 20% Over The Week.](https://diutocoinnews.com/2022/07/stepn-pumps-bitcoin-price-today/): BitcoinBTC and cryptocurrency prices have struggled to maintain momentum after rallying through the first week of July, partly due to some surprisingly bullish data. The bitcoin price climbed to over $22,000 per bitcoin—its highest since mid-June—before dropping back amid a sudden wave of optimism. The ethereum price and other top ten cryptocurrencies BNB, XRP, solana, cardano and dogecoin have also stalled. Despite the grim crypto market, STEPN appears to be lifting itself from the murky waters. The crypto is up 11% on the day and had spiked at as high as 20% setting an intraday high around $0.98 on Binance. Much of the interest in [&hellip;]
- [Nigeria Central Bank "Naira For Dollar" Scheme Fail To Stop Naira Depreciation.](https://diutocoinnews.com/2022/07/cbn-naira-to-dollar-scheme-fails/): The Central Bank of Nigeria (CBN)’s attempt to boost the nation&#8217;s forex market through the “Naira for Dollar” scheme has failed as shown by the local currency’s fall of more than 25% since the launch of the incentive scheme in March 2021. The CBN’s scheme that encourages recipients of cross-border remittances to cash out via formal channels failed to incentivize the forex market and has therefore not achieved the bank’s goal of halting the naira’s depreciation, a report has said. Report shows that since the launch of the Naira for Dollar scheme more than 13 months ago, the naira’s exchange rate [&hellip;]
- [Elon Musk Runs Away From $44 Billion Twitter Deal.](https://diutocoinnews.com/2022/07/elon-musk-cancels-twitter-deal/): Billionaire world richest man, Elon Musk said that he is ending his $44 billion deal to buy Twitter, according to a letter sent by his lawyer to Twitter&#8217;s chief legal officer on  Friday. The Twitter Board has, however, said it would challenge Musk’s decision in court and enforce the merger, according to Twitter’s chairman, Bret Taylor. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk.” According to media reports, Elon Musk does not believe he is getting the fully detailed information he requested about all the fake accounts. This has been a tug-of-war from [&hellip;]
- [Flutterwave Denies Money Laundering/ Fraud Allegations As Kenya Freezes It's Account.](https://diutocoinnews.com/2022/07/flutterwave-denies-kenya-allegations/): Fintech unicorn, Flutterwave Payment Technology Limited has responded to the allegations by the Kenyan authority, Asset Recovery Agency (ARA), of using its company accounts for money laundering and other financial offense. The Nigerian startup, however denied the claim in a statement obtained on Thursday. Flutterwave Response &#8220;Claims of financial improprieties involving the company in Kenya are entirely false, and we have the records to verify this. &#8220;Through our financial institution partners, we collect and pay on behalf of merchants and corporate entities. In the process we earn our fees through a transaction charge, records of which are available and can be [&hellip;]
- [Binance Is "Self Sufficient", Owes No Loan: CZ Binance Affirms.](https://diutocoinnews.com/2022/07/binance-is-self-sufficient-cz/): Changpeng Zhao, the CEO of leading global crypto exchange has confirmed today, that the exchange company is self sufficient and does not take loans from others. He made the revelation during in a response to a tweet question that requested to know the company status. &#8220;Does Binance aim to expand its influence and be better than all other crypto exchanges?&#8221; Despite the Crypto winter, Binance, the world’s largest crypto exchange, says it has a healthy war chest capable of seeing it through this bear market. Consequently, the company listed over 900 global job openings in May. The crypto market has been hit hard recently, from [&hellip;]
- [Kenya Freezes Nigeria Fintech Start-up Accounts Including Flutterwaves,   Over $57 Million Money Laundering Allegations.](https://diutocoinnews.com/2022/07/kenya-freezes-nigeria-fintech-start-up-accounts-flutterwave/): Kenyan Court has frozen 56 bank accounts holding a whopping Sh7 billion ($56.7 Million) suspected to have been laundered by foreign nationals through Flutterwave tech payment limited and others. The orders were issued after the Asset Recovery Agency (ARA) told the court that the accounts for seven targeted companies were used as conduits for money laundering in the guise of providing merchant services.&nbsp; The accounts that have been frozen are in USD, British Pound Sterling, EURO and Kenya shillings. The companies listed are Flutterwave payment technology limited, Boxtrip travel and tours limited, Bagtrip travel limited, Elivalat fintech limited, Adguru technology limited, [&hellip;]
- [Italian Government To Provide $46 Million In Subsidies For Blockchain Projects. When In Nigeria ?](https://diutocoinnews.com/2022/07/italy-46-million-blockchain-support-nigeria-2/): The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. Question many in Nigeria tech space are asking is , &#8221; when will Nigeria government provide such needed support for tech/ Blockchain industry. In a Tuesday announcement, the Ministry said companies and public or private research firms will be able to apply for funding from the government for the development of projects related to artificial intelligence, the Internet of Things and blockchain technology. The fund will have an initial budget of 45 million euros — [&hellip;]
- [Italian Government To Provide $46 Million In Subsidies For Blockchain Projects. When In Nigeria ?](https://diutocoinnews.com/2022/07/italy-46-million-blockchain-support-nigeria/): The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. Question many in Nigeria tech space are asking is , &#8221; when will Nigeria government provide such needed support for tech/ Blockchain industry. In a Tuesday announcement, the Ministry said companies and public or private research firms will be able to apply for funding from the government for the development of projects related to artificial intelligence, the Internet of Things and blockchain technology. The fund will have an initial budget of 45 million euros — [&hellip;]
- [African Infrastructure Company Raises $150 Million To Launch Crypto Water Token.](https://diutocoinnews.com/2022/07/south-africa-firm-raises-millions-crypto-water/): A South Africa-based H20 Securities has announced that it has raised $150 million from the GEM Digital investment firm through the sale of the H20N token. By investing such a tremendous amount, GEM Digital will hold H20N tokens, which will be used to guide funding in water delivery infrastructure in areas that lack sufficient access to fresh water. GEM Digital is a $3.4 billion Bahamas-based investment firm specializing in alternative investments such as digital assets and resource extraction devices. H20 Securities aims to bring more significant development in water infrastructure worldwide and hopes that its solution will increase water availability to [&hellip;]
- [Naira Records Another Big Fall In Forex Market Today.](https://diutocoinnews.com/2022/07/naira-falls-again-at-616/): Naira fall further on Tuesday, depreciating 0.9 per cent against the dollar at the official market, the Nigerian local currency, which opened trading at N422.71 closed at N430.00 to a dollar on the dot on Tuesday, data published at officially trading platform revealed. In Lagos black market, dealers exchanged the naira at N611.00 and sold at N616.00 to a dollar on Tuesday. This represents a N4.25 or 0.99 per cent devaluation from N425.75 posted in the previous market session on Monday. It is the lowest rate the naira has exchanged with the greenback. It closed at N425.75 to a dollar on [&hellip;]
- [Zimbabwe Set To Issue Gold Coin As The Nation's Dollar Depreciates Uncomfortably.](https://diutocoinnews.com/2022/07/zimbabwe-sells-gold-coin/): Zimbabwe&#8217;s central bank announced plans to start selling gold coins this month as a store of value to subdue the out of control inflation, which has significantly weakened the Zimbabwean Dollar ZWL. The central bank governor John Mangudya said in a statement on Monday that the coins will be available for sale from July 25 in local currency, U.S. dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost of production. The &#8220;Mosi-oa-tunya&#8221; coin, named after Victoria falls, can be converted into cash and be traded locally and internationally, the central bank [&hellip;]
- [Sango Crypto Hub Goes Live In Central African Republic.](https://diutocoinnews.com/2022/07/sango-crypto-hub-launch-in-car/): The Central African Republic (CAR) has launched its new government-backed Sango crypto hub initiative to boost the development of the local digital asset sector. The Sango project follows the CAR’s adoption of Bitcoin (BTC) as legal tender in April. The initiative aims to attract businesses and global crypto talent/enthusiasts, ramp up local BTC adoption and oversee the rollout of crypto regulatory frameworks and infrastructure. A metaverse platform dubbed The Crypto Island and Sango Coin is also in the works. Also Read : Central African Republic Plans To Establish A Cryptocurrency Economic Zone. Speaking at the launch event on Sunday, President Faustin-Archange Touadéra outlined the vision [&hellip;]
- [Central Banks In Africa Can Now Keep 1% Reserve In Bitcoin.](https://diutocoinnews.com/2022/07/bank-of-international-settlement-bitcoin-reserve/): Bank for International Settlements (BIS) intends to extend its hand to the new asset class by allowing banks to hold up to 1% of reserves in cryptocurrencies such as Bitcoin (BTC). Indeed, BIS’s Basel Committee on Banking Supervision (BCBS) has made the proposal for limiting the banks’ total exposures to “Group 2 cryptossets to 1% of Tier 1 capital” in its consultative document titled “Second consultation on the prudential treatment of cryptoassets,”  Specifically, Group 2 refers to the assets that do not meet classification conditions and includes specific tokenized traditional assets and stablecoins, as well as unbacked crypto assets. As opposed [&hellip;]
- [Alleged Crypto Fraud, XMR Ex Executive Faces 378 Charges In South Africa.](https://diutocoinnews.com/2022/07/ricardo-spagni-prosection-south-africa/): Riccardo Spagni, the former maintainer of the privacy coin Monero (XMR), also known as Fluffypony, faces extradition to South Africa months after his arrest by U.S. authorities. In a Thursday court filing for the Middle District of Tennessee, Magistrate Judge Alistair Newbern ordered Spagni to surrender to U.S. Marshals on July 5 for extradition to South Africa. He will reportedly face 378 charges related to allegations of fraud and forgery between 2009 and 2011 at a company called Cape Cookies. U.S. authorities arrested Spagni in Nashville in July 2021 at the request of the South African government, holding him in custody until September. The court filings hint at allowing [&hellip;]
- [Celebrities In Africa Accelerates Crypto Adoption In Africa.](https://diutocoinnews.com/2022/07/african-celebrities-crypto-adoption/): African crypto projects are on a journey to the moon. With crypto, African people’s savings are hedged against insane inflation levels, they can find employment in Web3, and there is always the potential to make life-changing money that will transform the trajectory of their lives forever. People from various backgrounds are embarking on this journey to outer space. These crypto astronauts have, until recently, been hesitant to declare their involvement in the blockchain space. General sentiments around crypto were extremely negative due to the huge slew of scams disguised as cryptocurrency projects that swept through the continent, taking away hard-earned capital [&hellip;]
- [Novi Wallet To Shutdown On September 1.](https://diutocoinnews.com/2022/07/meta-to-shutdown-novi-wallet-september/): Meta&nbsp;plans to close its Novi digital wallet on Sept. 1, just eleven months after it&#8217;s launch, the company announced the upcoming closure on&nbsp;Novi&#8217;s website, informing customers that &#8220;The Novi pilot is ending soon&#8221; and will no longer be available for use after that date. Meta said Novi users should withdraw their remaining balance on their Novi accounts before the closure date. People can either transfer their remaining balance to their bank account or withdraw the digital funds as cash where applicable, the company said.&nbsp; Novi users will be unable to access their accounts after Sept. 1, which means they won&#8217;t be [&hellip;]
- [Wanted! $4 Billion Scam : "Crypto Queen" On FBI Most Wanted List Over OneCoin.](https://diutocoinnews.com/2022/07/crypto-queen-scam-4-billion/):  A female German citizen accused of allegedly defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin has been added to the FBI&#8217;s list of its ten most-wanted fugitives, US officials said on Thursday. Ruja Ignatova, also known as &#8220;Cryptoqueen,&#8221; was charged in 2019 with eight counts including wire fraud and securities fraud for running the Bulgaria-based OneCoin Ltd as a pyramid scheme. Prosecutors say the company offered commissions for members to entice others to buy a worthless cryptocurrency. &#8220;She timed her scheme perfectly, capitalizing on the frenzied speculation of the early days of cryptocurrency,&#8221; said Damian Williams, [&hellip;]
- [Link For Entry/ Application To Participate In CBN eNaira Hackathon, Entries Closes On July 21, 2022.](https://diutocoinnews.com/2022/07/link-apply-for-enaira-hackathon-2022/): Central Bank of Nigeria is calling on interested tech enthusiasts to submit entries for the Central Bank of Nigeria (CBN) and Africa Fintech Foundry (AFF). Applications for the eNaira&nbsp;hackathon will close on July 21, 2022.&nbsp; The financial regulator had tweeted Tuesday, calling on interested tech enthusiasts to submit entries. The&nbsp;hackathon&nbsp;structure will be hybrid (physical and virtual). The physical event will hold in AFF premises for Lagos and a designated location by CBN in Abuja. According to CBN, the participants will be required to develop use-cases for the eNaira in the following target areas: international remittances, financial inclusion, cross-border payments, and trade. [&hellip;]
- [Mid-level Awareness and Crypto Education Event "Crypto Made Easy" to Debut in Enugu](https://diutocoinnews.com/2022/06/crypto-made-easy-event-enugu/): The blockchain and crypto space has grown tremendously into a global ecosystem of innovations and novel opportunities. However, a plethora of regions around the world, especially in Africa are yet to understand the basics of crypto. Hence, the need to spread crypto awareness can not be ignored. Several initiatives across continents are stemming from the sector to boost crypto awareness and facilitate mainstream adoption through comprehensive blockchain education and onboarding events. This is what &#8220;Crypto Made Easy&#8221; seeks to achieve. Led by Obinna Iwuno, Founder and Head of the Crypto Boot Camp community, &#8220;Crypto Made Easy&#8221; is a mid-level awareness, education [&hellip;]
- [Today, Bitcoin Hash Rate Hits All Time High. Upcoming Bitcoin Halving Expected In Q4 2023.](https://diutocoinnews.com/2022/09/bitcoin-hash-rate-all-time-high/): Bitcoin’s network hash rate has hit a new all-time high of 281.80 million. The next BTC halving is now projected to take place as early as Q4 2023. The Bitcoin hash rate is up from 241.76M yesterday and up from 135.48M one year ago. This is a change of 16.56% from yesterday and 108.0% from one year ago The date for the next bitcoin halving has been pulled forward as the hash rate has hit a new all-time high. The bitcoin hash rate hit a raw value of 281.79 million on Sept. 11, which indicates that more people are jumping on board and [&hellip;]
- [NFTs Market Records 26% Gains Over The Week. Check Out These Top NFTs Sold For Over $140k](https://diutocoinnews.com/2022/09/top-nfts-of-the-week/): This week, several Otherdeed for Otherside land NFTs changed hands. The top-tier one brought in 180 ETH – or $310,000 – making it the most prominent sale of the past seven days. To some, spending that amount of money on a virtual land plot makes sense. While some people will be stunned in disbelief . There is tremendous interest in the upcoming metaverse for BAYC and MAYC holders, called Otherside. The metaverse’s initial NFT sale almost crashed the Ethereum network, sending gas fees into the stratosphere. It appears those who minted an asset of this collection are willing to cash out, as [&hellip;]
- [Ethereum Set For Massive Overhaul As Crypto Market Reclaims $1 Trillion Market Cap.](https://diutocoinnews.com/2022/09/ethereum-merge-crypto-market-cap/): A strong litany of computer programmers across the globe is set to accomplish one of the biggest software upgrades the crypto ecosystem has ever seen this new week to reduce its environmentally unfriendly energy consumption. Cryptocurrency experts say the changeover, expected to take place between Tuesday and Thursday, will slash energy consumption by more than 99 percent. On the crypto market performance: The crypto market cap has reclaimed the coveted $1 trillion mark following the recent gains from BTC, ETH, and many others. Ethereum went from a multi-week low beneath $1,500 to north of $1,700 in mere days. Perhaps fueled by hype from [&hellip;]
- [Beware Of These Five Malicious Google Chrome Extension Malware: Nigeria Communication Commission.](https://diutocoinnews.com/2022/09/beware-google-chrome-extension-malware-nigeria/): The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has identified five malicious Google Chrome Extensions that secretly track online browser’s activities and steal their data. Specified by NCC-CSIRT, the five malicious extensions which the McAfee Mobile Research Team earlier discovered are: Netflix Party with 800,000 downloads, Netflix Party 2 with 300,000 downloads, Full Page Screenshot Capture Screenshotting with 200,000 downloads, FlipShope Price Tracker Extension with 80,000 downloads, and AutoBuy Flash Sales with 20,000 downloads. The NCC-CSIRT said the five google chrome extensions identified have a high probability and damage potential and have been downloaded more than 1.4 million times [&hellip;]
- [Remote Work Earnings For Nigerian Programmers, Software Developers Could Be $50 Billion.](https://diutocoinnews.com/2022/09/nigeria-it-remote-work-earns-50-billion/): Renowned accounting, and financial advisory servicing firm, PwC Nigeria, stated in it&#8217;s latest research report that programmers and software developers in Nigeria could attract up to $50 billion from Global Value Chains (GVCs) in the next 10 years through remote work. It also disclosed countries like India, Kenya, and a few others are already exporting brain capital from Nigeria and actively participating in the GVCs. PwC in a report titled: “Nigerian Brain Exports: The Optimal Path to Growing the Nigerian Economy” noted that exporting brain capital to the global market will put Nigeria on the path to becoming a developed nation in record time. Also the [&hellip;]
- [Nigerian Blockchain Payments Fintech Start-up Bitmama Raises $2M Pre-seed Funding For Expansion.](https://diutocoinnews.com/2022/09/bitmama-raises-2-million-pre-seed-funding/): Blockchain based payment services company, Bitmama has raised a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus, closing the round at $2 million. Africa-focused venture capital firms Unicorn Growth Capital and Launch Africa led the investment in Bitmama. Others include existing and new investors such as Adaverse, Flori Ventures, Tekedia Capital, GreenHouse Capital, ODBA, Five35 Ventures, Chrysalis Capital, Enrich Africa, Thrive Africa, Angellist Ventures and angel investors, including Rene Reinsberg, Marek Olszewski and Honey Ogundeyi. The U.S.- and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize [&hellip;]
- [Snapshot on Africa Economic Performance By The Beginning of Q4 2022; So Far .](https://diutocoinnews.com/2022/09/africas-economic-performance-q4-2022/): Nigeria As of the first quarter of 2022, Nigeria’s public debt rose to N41.6 trillion from N39.56 trillion recorded at the end of December 2021, putting enormous pressure on debt servicing. According to the International Trade Center, between 2020 and 2021 Nigeria spent $5.3bn to supplement its electricity and electrical needs. It stated that imported electrical machinery, equipment, and parts included electric motors and generators, electric generating sets and rotary converters, electrical transformers, and static converters. The Minister of Communication and Digital Economy, Isa Pantami, announced that the Federal Government had suspended its planned implementation of a 5.0% excise duty on [&hellip;]
- [Quidax Adds Pocket App For Naira Deposits And Withdrawal.](https://diutocoinnews.com/2022/09/quidax-naira-deposit-withdrawal/): Foremost Nigeria digital financial service provider Quidax, recently announced the addition of Pocket App ( previously Abeg) as a payment option. The feature already available in Quidax app will enable the user deposit and withdraw Naira into Quidax Naira wallet with ease. Formerly known as Abeg, Pocket App is a peer-to-peer (P2P) payment service owned by PiggyVest. It is a social commerce app that allows you to buy and sell products. What’s In It For Me?&nbsp; As a Quidaxian, here’s how this helps you: More payment options:&nbsp;Pocket App is another way for you to deposit and withdraw Naira – in addition [&hellip;]
- [Queen Elizabeth II Death Sees An Over 40 New Queen's Meme coins, NFTs &amp; Crypto Scams.](https://diutocoinnews.com/2022/09/queen-elizabeth-ii-cryptos-crypto-market/): Crypto developers, vultures are joining the trending frenzy following the death of the British Queen Elizabeth II, littering the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) as well. New tokens launched on decentralized exchanges on the BNB Smart Chain and Ethereum over the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth. Data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since had the biggest price value gain over the past 24 hours, with an eye-watering 28,506% [&hellip;]
- [Metaversity Over University? Meta ( Formerly Facebook) To Open 10 Metaverse Campuses In A $150 Million Investment.](https://diutocoinnews.com/2022/09/meta-metaverse-university-10-campuses/): Following two years of Zoom classes, educational institutions are warming to the idea of holding classes in metaverse , Mark Zuckerberg’s Meta has invested $150 Million to help ten universities get their metaverse campuses which seeks to take education to virtual reality environment as part of its Immersive Learning project. In partnership with Victoryxr, an Iowa-based virtual reality education startup, Meta will invest $150 million in this initiative. One of the biggest applications of virtual reality and metaverse technology has to do with education and the possibility of virtual reality classes coming true. Meta, the social media behemoth, is executing this [&hellip;]
- [Nigeria Needs Clear Crypto Legal Framework To Stop Harassments Of Crypto Traders : Experts.](https://diutocoinnews.com/2022/09/legal-framework-crypto-adoption-nigeria/): Industry and Legal experts who spoke at a two-day workshop organised by the Attorney General Alliance-Africa (AGA-Africa) in collaboration with Nigerian Bar Association (NBA) in Lagos have urged authorities to consider upgrading the country’s cryptocurrency regulatory guidelines. With the theme, ‘Digital asset and cryptocurrency: legal, regulatory and cybersecurity issues’, speakers at the event are Heather Martin of the Global Disputes Investigations &amp; White Collar Defence in Jones Day; Head of Africa FinTech Foundry (AFF), Nigeria, Daniel Awe; Special Agent at Arizona Attorney General’s Office, Roger Geisler; head Media, Entertainment and Intellectual Property Law, PUNUKA Attorneys &amp; Solicitor, Isioma Idigbe; Chairman of [&hellip;]
- [Naira In Free Falls , Trades N707/1$ At Parallel Market, As Pounds Falls To Lowest Against Dollar Since 1985.](https://diutocoinnews.com/2022/09/naira-falls-against-dollar-at-707/): The Nigerian naira, at close of trading on Wednesday, depreciated to N707 per dollar at the parallel section of the foreign exchange (FX) market amid increased demand for dollars. The figure represents N5 or 0.7 percent depreciation compared to the N702 it traded a week ago. Currency traders known as Bureaux De Change operators (BDCs), who we contacted in Lagos, quoted the buying rate of the dollar at N700 and the selling price at N707 per dollar. Sterling fell 0.64% to $1.145 on Wednesday afternoon &#8211; a level not seen in 37 years. The Bank of England said a weaker outlook for [&hellip;]
- [Africa's Biggest Gaming Social Community About To Launch, As Metaverse Magna Raises $3.2 Million .](https://diutocoinnews.com/2022/09/africa-game-metaverse-magna-raises-3-2-million/): Metaverse Magna (MVM), a blockchain gaming platform, has raised a $3.2 million seed sale token round to expand its efforts to build Africa’s largest gaming DAO and provide gamers with access to world-class opportunities. The second venture to be publicly announced by Nestcoin, Metaverse Magna, was incubated in partnership with Old Fashion Research, a multi-strategy blockchain investment fund. Launched in December 2021, Metaverse Magna is building its community of gamers as a gaming guild. With this model, Metaverse Magna offers play-to-earn scholarships to over 1,000 gamers to play crypto games like Axie Infinity and Pegaxy. Since its launch, the venture has grown to over [&hellip;]
- [Google Funds 60 African Start-ups With Nigeria Topping The List With 23 Slots.](https://diutocoinnews.com/2022/09/google-funds-africa-startups-4-million/): Google Inc on earlier in the week, announced the selection of 60 eligible startups across Africa with $4 million dollars funding to enable them scale up their ongoing work; Nigeria start-ups leads with 23 slots. The programme, which is called Google Black Founders Fund (BFF) for startups in Africa, is the second phase of the global tech giant’s funding for African startups. Folarin Aiyegbusi, Google’s Head of Startup Ecosystem, Sub Sahara Africa, said in a statement&nbsp;that the startups joining the programme would receive a total of $4m in funding. “Africa is a diverse continent with massive opportunities, but the continent is [&hellip;]
- [eNaira Nigeria's Central Bank Digital Currency Begins Second Phase.](https://diutocoinnews.com/2022/09/enaira-nigerias-central-bank-digital-currency-begins-second-phase/): Recently, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele flagged off the second phase of the eNaira project noting that it is intended to drive financial inclusion by onboarding unbanked and underserved users leveraging offline channels. Also, hee disclosed that Nigerians will be able to open an eNaira wallet and conduct transactions by simply dialing *997# from their mobile phones soon. The governor announced this while delivering a keynote address at the Grand Finale of the eNaira Hackathon, held at the International Conference Centre Abuja, on Thursday, August 18, 2022, restating the Bank’s commitment to achieving its mandate of preserving monetary and financial [&hellip;]
- [Peter Obi Calls For End Of CBN Fixed Exchange Rate Regime, Promise To Boost Fintech Start-ups.](https://diutocoinnews.com/2022/09/peter-obi-free-forex-regime-start-up/): Popular Nigerian presidential election candidate of the country&#8217;s labour party, Peter Obi, said that the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said if elected, his government will create an enabling environment for other startups to similarly thrive and succeed. Mr Peter Obi stated that the local currency’s official exchange rate currently&nbsp;pegged&nbsp;at just under N450 for every dollar must be determined by market forces. Obi, who is one of three main candidates who are seeking [&hellip;]
- [Nigeria Crypto Owners Make Up 27% Of Internet Users In The Country.](https://diutocoinnews.com/2022/09/27-nigeria-internet-users-owns-crypto/): Latest report from web research organization, Finder.com shows that 27% of Nigerian internet users own cryptocurrencies. According to the report, Men are much more likely to own crypto with 59 per cent of crypto holders being men and 41 per cent being women. This is despite the Central Bank of Nigeria restriction on digital currencies in the country. The CBN had in February 2021 directed banks not to allow crypto assets-related transactions in the banking sector. The apex bank said, “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or [&hellip;]
- [Nigeria Suspends Proposed Telecom Tax.](https://diutocoinnews.com/2022/09/nigeria-suspends-5-telecom-tax/): The Federal Government has suspended the proposed excise duty on telecommunication services, the suspension was announced by the Minister of Communications and Digital Economy, Isa Pantami, on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja. Last month,&nbsp;the federal government disclosed plan to implement a 5 percent excise duty tax on telecoms services, increasing the total consumption tax on telecom services to&nbsp;12.5 percent. According to the minister, the telecommunications sector is already overburdened by excessive and multiple taxation. The Federal Government through the Budget Office of the Federation had earlier revealed [&hellip;]
- [Nigeria In Talks With Binance To Establish Crypto Economic Zone.](https://diutocoinnews.com/2022/09/nigeria-binance-crypto-economic-zone/): Nigerian Export Processing Zone Authority authorities and global cryptocurrencies platform&nbsp;Binance are in talks to establish a digital economic zone that will help entrepreneurs fast track blockchain technology in the West African nation. The partnership aims to build a digital hub, “similar to the Dubai virtual free zone,” according to statement by the Nigeria Export Processing Zones Authority. According to a Sept. 2&nbsp;post&nbsp;from the Nigeria Export Processing Zones Authority (NEPZA), the authority has held preliminary talks with Binance and technology infrastructure company Talent City to discuss the proposed digital city, referred to as a “Virtual Free Zone.” NEPZA managing director Adesoji Adesugba [&hellip;]
- [Bank Of Ghana Clears Doubt On CBDC Effect On Mobile Money Services](https://diutocoinnews.com/2022/09/ghana-cbdc-mobile-money-bog/): Ghana apex regulatory bank has clarified doubts on the implementation of the central bank digital currency (CBDC) known as the e-cedi and the purported negative effect on mobile money operators (MNO). In a speech delivered at the recently held stakeholder’s forum, Clarence Blay, the Bank of Ghana (BOG)’s assistant director of fintech and innovation said the central bank would ensure that operations of MNOs are not disrupted. In the Joy Online report, Blay is quoted outlining the principles guiding the BOG as it moves ahead with plans to launch the CBDC. He reportedly said: &#8220;For the central bank, one of the [&hellip;]
- [Zambian Currency:  Kwacha Overtakes Russia's Ruble As World Best Performing Currency Following IMF Support.](https://diutocoinnews.com/2022/09/zambia-kwacha-best-performing-currency/): The Zambian currency, kwacha which at present trades at K15.40 per dollar, became the world’s best-performing fiat currency when it was announced that the International Monetary Fund (IMF) had approved the $1.3 billion bailout for the country. The currency gained over 18.25%, overtaking the Russian ruble’s position as the world’s best-performing currency. According to a Bloomberg&nbsp;report, news of the International Monetary Fund (IMF)’s approval of the $1.3 billion financial bailout to the African country saw the kwacha rally by 3.1% in a single day. Zambian officials including President Hakainde Hichilema — who is popularly known as “HH” — have touted the [&hellip;]
- [FIFA Set To Launch NFT Platform Ahead Of 2022 World Cup.](https://diutocoinnews.com/2022/09/fifa-nft-platform/): The international football governing body, FIFA, has announced the upcoming launch of an NFT platform build by Algorand blockchain for fans of the sport across the globe ahead of the November 2022 World Cup finals in Qatar. FIFA + Collect will release a range of initial collections of tokens and unveil details about upcoming exclusive and limited-edition collections, the organization said in a press release published over the weekend. The digital collectibles will represent memorable moments from football matches and feature iconic art and imagery from the FIFA World Cup and FIFA Women’s World Cup tournaments. “This exciting announcement makes FIFA [&hellip;]
- [Crypto Market Loses $102 Billion In 30 Days- BTC, SOL Records The Most Losses](https://diutocoinnews.com/2022/09/crypto-market-loses-102-billion-august/): Most altcoins were hit by market bear attack over the last 30 days resulting to losses and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% against the U.S. dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto asset shed 12.71% in USD value this month. Crypto assets saw a decent rise on August 14, 2022, as bitcoin (BTC) jumped over the $25K zone and ethereum (ETH) surpassed $2K per unit. Despite the jump in value, BTC shed 12.71% in the last 30 days from Wednesday, August 3, 2022, up until [&hellip;]
- [Ethereum TVL Drops Over $2.5 Billion As Merge Countdown Nears.](https://diutocoinnews.com/2022/09/ethereum-tvl-drops-over-2-9-billion-merge/): Ethereum&#8217;s total value locked (TVL) depletes further a few days to the highly anticipated “Merge” due to a continuous drop in the amount of liquidity poured into decentralized finance (DeFi).&nbsp; Ethereum&nbsp;has been the go-to blockchain for thousands of developers and millions of dApp users ever since&nbsp;decentralized finance&nbsp;was coined by a group of entrepreneurs and Ethereum developers in 2018.&nbsp; An overall bearish market that followed the new milestones reached in 2021 earlier in the year has extended into the third quarter of the year. Unfortunately,&nbsp;Ethereum&nbsp;as the leader of the&nbsp;DeFi&nbsp;sector has not been spared as the chain shed 7% of its opening day [&hellip;]
- [IMF Proposes Global CBDC Platform For Low Fee Transborder Transactions.](https://diutocoinnews.com/2022/09/imf-global-cbdc-platform-transborder-transactions/): Executives at the International Monetary Fund Thursday called for a global platform for cross-border CBDC payments, and reiterated calls to regulate a crypto sector that officials say is volatile. Tobias Adrian, director of the IMF’s monetary and capital markets department, wants the IMF to develop a new system to cut the costs of international transfers. The platform would accept CBDC payments, hold them in escrow and issue tokens against them, he said. “The private sector would be able to extend the uses of the platform by writing smart contracts,” Adrian said, promising further papers on how the world’s central banks could [&hellip;]
- [What Is Ethereum Merge ? Crypto Traders Set To Cash In On The Switch Date ?](https://diutocoinnews.com/2022/09/what-is-ethereum-merge/): The Merge is expected to materialize within Q3/Q4 2022. The client developers are currently working to a soft deadline of 19th September 2022, but this could change depending upon the success of the final testnet merge (Goerli) in mid-August, continued client refinements and the hashrate of the existing miners continuing in a predictable manner. Vitaliks Buterin tweeting on the merge noted , &#8220;“Reminder: even though the merge is coming around Sep 10-20, the beacon chain hard fork is on Sep 6. Make sure to update your clients before then!” The Ethereum blockchain is set to transition from its current&nbsp;proof-of-work (PoW)&nbsp;consensus mechanism [&hellip;]
- [Crypto Twitter Express Worries Over Meta's Facebook/ Instagram NFT Integration.](https://diutocoinnews.com/2022/09/worries-over-facebook-instagram-nft-integration/): Earlier in the week, Facebook and Instagram’s parent company, Meta, announced that its users will now be able to post digital collectibles and nonfungible tokens (NFTs) across both platforms by simply connecting their digital wallets to either site. Skeptical users took to social media to express concerns surrounding the security and privacy of the data disclosed when digital wallets are connected to these social media platforms. Twitter user and Web3 community member NPC-Picac tweeted, “I don’t think entrusting digital collectibles to connect to ‘Meta’ is in any way smart.” Another Crypto Twitter community member, CryptoBartender, raised concerns about what Meta could possibly do with the data [&hellip;]
- [Central Bank of Nigeria Grants Pan African Fintech: Flutterwave Nigeria's Highest Payment Processing License.](https://diutocoinnews.com/2022/09/flutterwave-cbn-highest-payment-processing-license/): Flutterwave, Pan African fintech company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)— widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services. The Switching and Processing license allows Flutterwave to enable transactions between banks, fintechs and other financial institutions. The Company is also able to process card transactions, participate in agency banking and offer various payment services without any intermediary. Prior to this license, Flutterwave operated with its Payment Solution [&hellip;]
- [Top Trending Crypto To Monitor In September.](https://diutocoinnews.com/2022/09/crypto-to-buy-in-september/): As pendulum continues to toss around bitcoin and other altcoins, investors are becoming more shrewd in their choice and selection of crypto project to invest or trade with. It is September, experts are still predicting volatile market environment but this trending cryptocurrencies are defying the odds despite the market uncertainty. Here are cryptos to monitor in September: 1 Memecoin VDICK Meme coins have always been trendy, with most of them making incredible profits for early investors despite having zero utility. Yesterday, a new meme coin dubbed Vitalik BigDick Inu was launched, and surprisingly, it made a 3000% gain. The fun side [&hellip;]
- [Group Brings Africa On Metaverse For Web 3 Users.](https://diutocoinnews.com/2022/08/group-bring-metaverse-to-africa/): A group of metaverse builders are creating virtual environment with purpose for web 3 users in Africa, Costa Rica and Ukraine, to raise social awareness. Africa can be accessed virtually in Ubuntuland, a Metaverse platform that houses a land called Africarare. Mic Mann, co-founder and CEO of Africarare, told Cointelegraph that Africarare connects Africa to the global digital economy: “Africa is one of the fastest growing populations in the world, and by 2050, it’s predicted that it will be one of the biggest populations. Therefore, we thought this was the perfect time to upskill Africa’s youth for this new world. Africarare aims [&hellip;]
- [Flutterwave Series Of Woes Continue, As Kenyan Court Freezes More Millions.](https://diutocoinnews.com/2022/08/flutterwave-3-3milliom-frozen-kenya-court/): A Kenyan high Court has frozen another Sh400.6 million ($3.3 Million) in three bank accounts and 19 Safaricom M-Pesa paybill numbers  belonging to Nigerian pan African start-up fintech, Flutterwave allegedly linked to card fraud and money laundering. Justice Grace Nzioka said the company is prohibited from spending or transferring the funds. &#8220;A preservation order be and is hereby issued prohibiting 1st respondent or his agents or representative from transacting, withdrawing, transferring, using any other dealings in respect to the money held in the account,”&nbsp;Business Daily&nbsp;quoted the judge to have ruled. Kenya&#8217;s Assets Recovery Agency (ARA), which is leading an investigation into the [&hellip;]
- [African Development Bank In Partnership With Japan Launch $5 Billion Support For Africa's Private Sectors](https://diutocoinnews.com/2022/08/african-development-bank-in-partnership-with-japan-launch-5-billion-support-for-africas-private-sectors/): On Monday, the government of Japan and the African Development Bank announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025 in Tunis Tunisia. The announcement was made at the Eighth Tokyo International Conference on African Development (TICAD8) held Sunday 28 August 2022 in the Tunisian capital, Tunis. The funds consist of $4 billion under the existing window, and an additional up to $1 billion that will be provided under a new Special Window. Japan will establish this Special Window to support countries that are making progress [&hellip;]
- [Nigerians Own 75% Of Crypto In Africa: Research Shows.](https://diutocoinnews.com/2022/08/nigeria-owns-75-crypto-africa/): Research report from Triple A’s latest crypto ownership data, the African continent now has an estimated 53 million cryptocurrency owners. This constitutes about 16.5% of the estimated global total of 320 million. Out of all the crypto holders in Africa, Nigeria accounts for over 75% of the total, or just over 22 million. Globally, Nigeria has the fourth-highest number of crypto owners, while the United States is the top-ranked country, with 46 million cryptocurrency holders. According to the data, India and Pakistan are the next top-ranked countries with 27.4 million and 26.4 million crypto owners respectively. While Nigeria is ranked fourth in [&hellip;]
- [Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment (NIP) Is Now Live On eNaira platform. CBN Partners Fintech Groups For Adoption.](https://diutocoinnews.com/2022/08/nibss-available-now-live-on-enaira/): Nigeria Inter-bank Settlement System is now live on eNaira, you can now transfer funds from your eNaira wallet to any Bank account of your choice in Nigeria using the NIBSS Instant Payment (NIP) feature on the eNaira platform. CBN stated that it will continue to innovate and upgrade eNaira platform to serve businesses and deepen the digital economy in Nigeria. The bank is already partnering with Fintechs with a robust help desk to provide support for merchants and other users towards a seamless adoption of the eNaira. Recently, CBN launches eNaira USSD to facilitate payments. Also QR codes, and 10 digit [&hellip;]
- [Central African Republic Court Declares Crypto For Citizenship Project Unconstitutional.](https://diutocoinnews.com/2022/08/central-african-republic-crypto-citizenship-unconstitutional/): Central African Republic (CAR) Constitutional Court&nbsp;rules&nbsp;on Monday that the purchase of citizenship, e-residency and land using its government-backed Sango digital currency is unconstitutional stating that a nationality has no market value. Earlier in July, the CAR&nbsp;unveiled its Sango crypto hub&nbsp;to attract global crypto talent and enthusiasts, boost Bitcoin (BTC) adoption and implement new crypto regulatory frameworks. The Sango blockchain is built on top of the Bitcoin blockchain, similar to a layer-2 solution.&nbsp; Part of the program includes a citizenship-by-investment program, where foreign nationals can effectively purchase citizenship in the CAR for $60,000 in crypto, with an equivalent amount of Sango tokens [&hellip;]
- [OpenSea Turns Into a Desert NFT Market After Volume Drops 99%.](https://diutocoinnews.com/2022/08/opensea-nft-market-volume-drops-99/): The leading world&#8217;s largest non fungible token (NFT) marketplace, Opensea has recorded a sizeable drop in daily volumes as fears heightened about a potential market implosion grows. The marketplace processed nearly $5 million worth of NFT transactions on Aug. 28 — approximately 99% lower than its record high of $405.75 million on May 1, according to DappRadar. The massive declines in daily volumes coincided with equally drastic drops in OpenSea users and their transactions, suggesting that the value and interest in the blockchain-based collectibles have diminished in the recent months. That is further visible in the falling floor prices — the [&hellip;]
- [South Africa Rugby Star, Siya Kolisi Is The Face Of A New Crypto Ad.](https://diutocoinnews.com/2022/08/south-africa-siya-kolisi-crypto-ambassador/): South Africa National rugby captain Siya Kolisi will lead a two-year educational cryptocurrency advertising campaign in South Africa. The Springbok skipper has partnered with global cryptocurrency exchange Luno in the campaign&#8217;s rollout, which will feature a series of television adverts promoting a long-term investment attitude towards cryptocurrencies. Kolisi was front and center of the first advert of the new campaign, which was aired during the Springboks’ third match of the Rugby Championship against Australia on Saturd. The light-hearted commercial features the brawny flank being put through his paces by a personal trainer while drawing parallels between his long-term game plan for [&hellip;]
- [Top Most Googled Questions About Crypto Revealed.](https://diutocoinnews.com/2022/08/most-searched-crypto-questions/): Once again, crypto and bitcoin are trending as volatile market pushed Bitcoin below $20k mark. Many are seeking for answers What people end up searching on Google provides raw insights into the real mindset, often revealing their interest, fear, and range of other emotions about a particular topic. To identify investor sentiment amid a&nbsp;bear market&nbsp;that is yet to find its bottom. The following reasons according a Cointelegraph report are questions people ask about cryptocurrency. The top 10 Google searches related to cryptocurrencies uncover an increase in curiosity among general investors — represented by two “Whys,” three “Whats” and five “Hows.” Let’s [&hellip;]
- [Ethiopia Gives Crypto Enterprises 10 Days Grace  To Register With the Country's Cyber Security Agency.](https://diutocoinnews.com/2022/08/ethiopia-crypto-operators-cyber-security-register/): All Cryptocurrency and related services operators in Ethiopia has been ordered to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA) according press directives from the agency. The agency further warned that legal measures will be applied to crypto entities that fail to comply with its registration order. According to the report, crypto service providers have been granted a ten-day period in which they must complete the registration process. The INSA said necessary “legal measures” will be taken against entities that fail to comply. According to a report published by the Ethiopian Monitor, the amended law gives the [&hellip;]
- [Zugacoin Slammed Over Investors Inability To Withdraw. Experts Claims "It's Another Complex Nigeria Ponzi Scheme "](https://diutocoinnews.com/2022/08/zugacoin-crypto-ponzi-scheme/): Following reports that traders and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project, as a Nigerian expert has advises prospective zugacoin investors to prioritize learning finer details about the project before investing. As promoters of zugacoin — a Nigerian cryptocurrency ostensibly created to end poverty in Africa — continue to tout the token as a legitimate digital currency, there are growing reports on social media of merchants and holders of the coin who have failed to withdraw. These reports have [&hellip;]
- [Cyber Attacks: Crypto Ecosystem Loses $44 Billion So Far.](https://diutocoinnews.com/2022/08/cyber-attack-crypto-loses-44-billion/): International leader in cyber technology protection, Acronis, has disclosed that about $44bn has been lost to cyber attacks on cryptocurrency, particularly decentralised finance, between June 2021 and June 2022. This was disclosed in a press release on its website announcing its mid-year cyber threats report, conducted by Acronis’ Cyber Protection Operation Centers, to provide an in-depth review of the cyberthreat trends which the company’s experts had been tracking. The statement read in part, “Cyberattacks have contributed to a loss of more than $60bn in DeFi currency since 2012. $44bn of that vanished during the last 12 months.” According to Acronis, more [&hellip;]
- [NIBSS Payment Solution Will Be Available for e-Naira By End of the August 2022.](https://diutocoinnews.com/2022/08/enaira-nibss-transactions-starts-august/): Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment solution will be available for Nigeria CBDC, eNaira transactions before the end of August 2022. This feature would allow eNaira users to seamlessly transact between the eNaira and any bank of their choice. Afterwards, both Merchants and Consumers with bank accounts can then use the NIBSS Instant Payment platform to transfer and receive eNaira into any bank account, in a drive to further deepen the integration of the digital currency with the existing national payment infrastructure. Emefiele was speaking at the Grand Finale of the eNaira Hackathon, which according to him, marks another milestone [&hellip;]
- [Over Four Million South Africans Owns Crypto: New Report.](https://diutocoinnews.com/2022/08/four-million-south-africa-owns-crypto/): Latest report from Finder’s Cryptocurrency Adoption Index shows that four million South Africans own cryptocurrencies. The index measures the growth of cryptocurrencies worldwide through an ongoing survey of internet users in 26 countries. The research reveals that South African men are 1.9 times more likely than women to own crypto, with a 65% holding, compared to 35% for women. The most owned cryptocurrency in the country is bitcoin, with 52% of the crypto owners holding it, which is more than the global average of 37%. The crypto ownership rate in South Africa is 10%, which is lower than the global average [&hellip;]
- [$50,000 Up For Grabs In Ecobank Africa Fintech Challenge.](https://diutocoinnews.com/2022/08/ecobank-africa-fintech-challenge/): The banking group,&nbsp;Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge and has encouraged African Fintech entrepreneurs to enter the competition. The challenge offers early stage and mature start-ups the potential to partner with Ecobank across 33 African countries. Applications open until 16 September. The bank said fintechs that are aligned with its “strategic objectives” stand a chance to win an overall cash prize of US$50,000 for the top winner and the opportunity to partner and scale their solutions across Ecobank’s 33 African markets. Fintech companies and developers originating from any of Africa’s 54 countries, as well as [&hellip;]
- [Nigeria Bitcoin P2P Volume In First Half Of 2022 Nears $400 Million. Kenya, Ghana Records Growth.](https://diutocoinnews.com/2022/08/nigeria-bitcoin-p2p-volume-grows/): The latest released from the peer-to-peer crypto exchange platform Paxful, Nigeria’s bitcoin traded volumes in the first half of 2022 nearly topped $400 million. When combined with the $760 million in trade volumes which were seen in 2021, making Nigeria the biggest crypto exchange second largest market in Africa and fifth in the world. Nigeria’s growing volume of bitcoin traded via the peer-to-peer (P2P) exchange comes at a time when regulators are clamping down on financial institutions that are violating the Central Bank of Nigeria (CBN)’s February 5, 2021&nbsp;directive. The directive bars banks and other regulated financial institutions from facilitating transactions [&hellip;]
- [Nigeria To Achieve 100% Crypto Adoption Rate By 2030.](https://diutocoinnews.com/2022/08/nigeria-records-100-crypto-adoption-2030/): Latest research data from Merchant Machine has predicted that by 2030, Nigeria will be at the forefront of global crypto adoption with a 100% adoption rate. The Merchant Machine study sampled data metrics from 50 countries in a bid to discover countries that invest the most in cryptocurrency. The data from Merchant Machine factored in on five core details which include the number of crypto owners in a country, the global decentralized finance (DeFi) adoption index, the number of businesses that allow crypto payments, the number of Bitcoin (BTC)&nbsp;ATMs, and the monthly search volume of cryptocurrency terms. Nigeria, however, failed to [&hellip;]
- [CBDC: e-Cedi Will Not Affect MTN MoMo Vendors' Business, says Bank Of Ghana](https://diutocoinnews.com/2022/08/cbdc-e-cedi-will-not-affect-mtn-momo-vendors-business-says-bank-of-ghana/): The Bank of Ghana has assured citizens that the e-cedi, the country&#8217;s central bank digital currency (cbdc), will not disrupt the MTN mobile money (MoMo) system. According to the apex bank governor, the implementation will rather be a positive one in the MoMo value chain. Speaking at the MTN Momo Stakeholder Forum which explored the impact of the Central Bank’s digital currency on future monetary policy and digital payment, the Assistant Director in charge of Fintech and Innovation at the BoG, Clarence Blay, maintained that the Central Bank is committed to protecting the businesses of MoMo Agents as it positions itself [&hellip;]
- [East African Central Banks Raise Doubts on Regional CBDC by 2024](https://diutocoinnews.com/2022/08/east-african-central-banks-raise-doubts-on-regional-cbdc-by-2024/): The East African currency project in 2024 collapsed after the EAC Council of Ministers, the central decision-making and governing organ of the EAC, resolved that this deadline is not feasible, citing delays by member countries in realizing targets set out in the Monetary Union roadmap. In a virtual meeting held on March 4, the Committee, chaired by Kenyan Central Bank governor Patrick Njoroge, singled out the cross-border payment systems, arguing that there is still more progress which needs to be done on this front. Citing delays by member countries, the Committee pledged to work with the EAC Secretariat and other stakeholders [&hellip;]
- [MTN Nigeria Rolls Out Live 5G Internet Services Today at 190 Locations.](https://diutocoinnews.com/2022/08/mtn-5g-internet-services-today-nigeria/): MTN Nigeria Communications Limited 5G internet network has gone live today, the telecommunications giant, won the 3.5GHz spectrum licence for 5G network rollout since December last year, coupled with the issuance of 5G spectrum licence in May this year. The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola had said MTN was ready for rollout, having the required 5G equipment on ground. MTN is commencing the rollout of its 5G network today from Lagos and Abuja, with plans to cover five cities within one month of rollout. The cities include Lagos, Abuja, Port Harcourt, Enugu and Kano. Some users are [&hellip;]
- [Nigeria Records 10.9% Growth In Broadband Internet Expansion.](https://diutocoinnews.com/2022/08/nigeria-records-10-broadband-growth/): Latest data analysis from the Nigerian Communications Commissions (NCC), shows that Nigeria’s broadband subscriptions have recorded a steady increase since October ’21, albeit a slight dip in February ’22. Mobile broadband at over 99% accounts for a dominant share of Nigeria’s broadband connections due to the ease and relatively low cost of acquiring mobile lines as well as the significant investment required for the development of fixed broadband infrastructure. Consequently, the growth in broadband connections broadly mirrors the increase in mobile internet subscriptions, and by extension active mobile subscribers. According to the data, total broadband connections climbed by 1.5% m/m and [&hellip;]
- [Telegram Proposes To Auction Reserved Username, Groups, Channel Links In The Form Of NFT Like Smart Contract.](https://diutocoinnews.com/2022/08/telegram-proposes-nft-username-groups-channel/): Telegram founder, Pavel Durov, owner of the encrypted messaging application has raised the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames.&nbsp; Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project&nbsp;launched the TON DNS service, enabling users to assign human-readable names to crypto wallets, smart contracts and websites in mid-July. In a message to his personal Telegram group named Durov’s Channel on Tuesday, he&nbsp;noted&nbsp;that he was “really impressed by the success of the auction TON recently [&hellip;]
- [Ghana Increases Benchmark Interest Rate To An All Time Record, As The President Promises To Fight Cedi Fall.](https://diutocoinnews.com/2022/08/ghana-highest-interest-rate-benchmark/): Following the skyrocket inflation rate recorded by Ghana, the Bank of Ghana has devised measures to tame the tide by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. Experts believe that aside fiscal policies, the Ghanaian government needs to reduce the number of it&#8217;s staff and curtail excess government spendings. According to a Bloomberg&nbsp;report, the latest increase means Ghana’s benchmark rate has now risen by 550 basis points since November 2021. In addition to increasing the benchmark rate, the Bank of Ghana [&hellip;]
- [Binance Adds Instant Fiat Gateway for the South African Rand (ZAR)](https://diutocoinnews.com/2022/08/binance-adds-south-africa-fiat-rand/): Binance in a new blog post announced the launch of an instant fiat gateway for the deposit and withdrawal of Rand (ZAR) for its users in South Africa. Binance’s mission to increase the adoption and mainstream accessibility of crypto. Users will be able to deposit and withdraw ZAR to and from their Binance wallets via Instant EFT. The new fiat channel will act as both a fiat on- and off-ramp, allowing South Africans to deposit and withdraw funds to/from their Binance account using your local bank account. Who Can Use it: Any user on Binance.com can utilize the new channel, provided [&hellip;]
- [Hackers Uses Deepfake Of Binance CCO To Perform Crypto Listing Scams.](https://diutocoinnews.com/2022/08/binance-crypto-listing-scam-hackers/): Recently, a group of hackers managed to impersonate Binance chief communications officer (CCO) Patrick Hillmann in a series of video calls with several representatives of other crypto projects. The attackers used what Hillman described as an AI hologram, a deepfake of his image for this objective, and managed to fool some representatives of these projects, convincing them to believe that Hillmann was helping them get listed on the exchange. Hillmann stated that hackers managed to program an AI (artificial intelligence) hologram of him, a kind of deepfake that was used to scam representatives of several cryptocurrency projects in Zoom calls. The [&hellip;]
- [Samsung Securities Plans to Roll Out Bitcoin and Crypto Exchanges in South Korea](https://diutocoinnews.com/2022/08/samsung-securities-bitcoin-and-crypto-exchange/): According to a recent report, seven firms had sent out applications seeking preliminary approval and establishing corporations to operate a crypto exchange. These exchanges are expected to debut in the first half of 2023, and the report brought only two out of seven firms to light. Samsung Securities, a subsidiary of Samsung Futures Inc., and Mirae Asset Securities were the two platforms mentioned in the report looking to be approved for digital assets exchange trading.&nbsp; Read Also: Web3 Domain Name Trend: Opensea.eth ENS Domain Sells for 99.8 ETH Samsung Securities has been researching its entry into the blockchain-based security tokens market. [&hellip;]
- [Beware Of These Twitter Crypto/NFT Scams Running At The Moment: Cyber Security Expert.](https://diutocoinnews.com/2022/08/twitter-nft-crypto-scams-at-moment/): In a thread on Twitter respected Cybersecurity analyst and influencer Serpent has revealed his picks for the most horrible crypto and non-fungible token (NFT) scams currently active on Twitter. With over 253,400 followers on Twitter, the cyber security analyst is the founder of artificial intelligence and community-powered crypto threat mitigation system, Sentinel. The 19-part thread posted on Aug. 21, Serpent outlined how scammers target inexperienced crypto users through the use of copycat websites, URLs, accounts, hacked verified accounts, fake projects, fake airdrops, and plenty of malware. Crypto Recovery Scams One of the more worrisome strategies comes amid a recent spate of crypto phishing [&hellip;]
- [Africa Records It's Lowest Drop In KYC Crypto Fraud.](https://diutocoinnews.com/2022/08/crypto-kyc-fraud-drops-in-africa/): Latest report from a leading pan-African identity verification provider on the&nbsp;State of KYC report H1 2022 examining the different KYC processes as well as fraud trends noticed in Africa shows a significant drop in KYC fraud in Africa crypto ecosystem. The &#8220;Know Your Customer&#8221; (KYC) process is a requirement that helps businesses identify their users and verify their credentials. KYC allows companies to identify risks associated with individual customers before they happen. Central banks often require KYC checks to prevent financial crimes like money laundering. For fintechs, online payments companies and e-commerce, KYC can prevent fraud. The first is serial submitters, [&hellip;]
- [Crypto Startups In Africa Receive 11 Times More Funding From Venture Capitals In 2022](https://diutocoinnews.com/2022/08/funding-crypto-startup-africa-grew/): Funding for Crypto startup in Africa recorded 11 times growth as many African countries continue to&nbsp;adopt crypto and blockchain, more venture funding flowed into the continent in Q1 2022 than in Q1 2021, according to a new report by blockchain investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank. The report, titled “The African Blockchain Report 2021,”&nbsp;shows&nbsp;that blockchain startups were able to raise $91 million in the first quarter of 2022. Q1 2022 saw a 1,668% year-on-year increase in cash inflow compared with Q1 2021&#8217;s growth of 149% — a jump of more than 11x, according to CV VC. [&hellip;]
- [Why Is Bitcoin Crash Trending ?](https://diutocoinnews.com/2022/08/why-is-bitcoin-crash-trending/): Bitcoin (BTC) dropped rapidly on Aug. 19 as the culmination of a week’s sideways action ended in disappointment for bulls. Bitcoin sank to below $22,000 on Friday, following global stocks lower amid uncertainty over how aggressive the Federal Reserve would be in its effort to cool inflation with interest-rate hikes. Bitcoin, the world’s largest cryptocurrency, has declined 8.6% to $21,463 over the past 24 hours, according to CoinDesk. The selloff came after Bitcoin briefly crossed $25,000 over the weekend for the first time since mid-June. The crypto had received a boost from a slowing of U.S. inflation. Traders felt that took some pressure off the [&hellip;]
- [MTV Video Music Award Adds "Best Metaverse Performance" Category.](https://diutocoinnews.com/2022/08/mtv-best-metaverse-performance-category-2022/): For the 2022 MTV Video Music Awards (VMAs), a new category has been added to its list of competition categories. This year, artists are eligible to compete under the category of “Best Metaverse Performance” for a coveted award. Initially, the award show began in 1984 as an esteemed recognition for music video prowess. Major music artists, including Madonna, Nirvana and Kanye West, are among previous VMA recipients. Typical award categories include, “Video of the Year,” “Artist of the Year” and “Song of the Year,” though this year, there is a Web3 twist. The VMAs took into account performances in the Metaverse [&hellip;]
- [Loan Apps: Fed Govt Asks  Flutterwave, Opay, Telecoms To Stop  Providing Services To Online Lenders.](https://diutocoinnews.com/2022/08/fg-orders-flutterwave-to-stop-loan-sharks/): Nigeria&#8217;s Federal Competition and Consumers Protection Commission, FCCPC, has directed payment systems operators, PSOs, such as Flutterwave, Opay, Paystack and Monify, as well as telecommunication companies, including Mobile Network Operators, MNOs, in Nigeria to stop providing support that enables the operations of illegal digital money lenders, also known as money sharks, in Nigeria. Executive Vice Chairman/Chief Executive Officer, FCCPC, Babatunde Irukera, who disclosed this yesterday, in Lagos, when the Commission conducted enforcement actions against a loan shark known as Soko Lending Limited, added that FCCPC has secured orders to disable or diminish violators’ ability to circumvent regulatory efforts to protect citizens. [&hellip;]
- [South Africa Reserve Bank (SARB) Ask Banks To Maintain Links With Crypto.](https://diutocoinnews.com/2022/08/south-africa-reserve-bank-encourages-crypto-2/): The Prudential Authority of the South Africa apex regulatory bank, the Reserve Bank of South Africa&nbsp;sent&nbsp;out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency.&nbsp; It suggested that such an act could cause greater risk in the long run. South Africa Reserve Bank is the Central Bank of South Africa. The official notice was signed by Prudential Authority CEO Fundi Tshazibana. In the past, certain South African banks had cut ties with crypto asset service providers (CASPs) — as they are called in the document — due to unclear regulations [&hellip;]
- [Bank Of Ghana Increases Interest Rate By 22% Over Rising Inflation, Forex Crisis.](https://diutocoinnews.com/2022/08/ghana-hike-interest-rates-over-ceci-fall/): Ghana Cedi is experiencing the worst performance in 17 years shedding further 2.7% in Monday. Ghana&#8217;s central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%&nbsp;(GHCBIR=ECI), at an emergency meeting to address the economy&#8217;s rapid deterioration amid crippling inflation. The hike comes just three weeks after it kept its monetary policy rate unchanged at 19% and said it was pausing to observe the impact of a series of record-breaking hikes. Ghana&#8217;s cedi currency has continued its steep decline since the July monetary policy meeting, losing more than 6% against the dollar on Wednesday alone, [&hellip;]
- [Kenya Crypto Ecosystem Expects Favourable Policies From The New President Elect.](https://diutocoinnews.com/2022/08/kenya-new-president-favours-crypto/): The newly elected Kenya&#8217;s President William Ruto is belived to be in sync with the dreams of the crypto community in Kenya and is expected to bring policies that will hasten crypto adoption in the country and boost Fintech Start-up growth. Issues surrounding crypto trading was not at the centre of campaign debates during the campaign period. Pundits believe that much youthful age of Ruto will make him to be more accommodative of nascent innovations like crypto. &#8220;It is only an assumption that because he&#8217;s younger. But ever since the&nbsp;cautionary notice&nbsp;issued by the central bank in 2018, no candidate has actually [&hellip;]
- [Breaking: CBN to Enable eNaira USSD Transfer Next Week](https://diutocoinnews.com/2022/08/breaking-cbn-to-enable-enaira-ussd-transfer-next-week/): Starting from next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone. The e-Naira ussd code is *997# which can be used to open the e-Naira wallet and carry out any transactions including: Opening new eNaira wallet Checking eNaira wallet balance Sending eNaira to friends and family Connect bank account to eNaira account Read Also: eNaira USSD Code Set To Launch: CBN. Central Bank of Nigeria (CBN) Governor Godwin Emefiele stated these at the Grand Finale of the 2022 eNaira Hackathon in Abuja. E-Naira Hackathon Finals Happening [&hellip;]
- [EFFC: What is Illegal In Cryptocurrency in Nigeria?](https://diutocoinnews.com/2022/08/effc-what-is-illegal-in-cryptocurrency-in-nigeria/): In a recent twitter space held yesterday theme EFCC (Economic and Financial Crimes Commission) Connect, the country&#8217;s crime investigating agency explained what is illegal in cryptocurrency dealings in Nigeria. The agency cites the Wikipedia definition of cryptocurrency as its definition of cryptocurrency explaining that cryptocurrency is virtual money without any central control. When asked about the state of ban and restrictions imposed on cryptocurrency, CSE Daniel Azuka Nwaka. Chief Superintendent Cybercrime Section of EFCC explained that the Central Bank has imposed restrictions on cryptocurrency transactions.&nbsp; He explained that the problem is the threshold which the bank has put up for crypto [&hellip;]
- [Understanding the Legal Implications of Nigeria’s SEC Guidelines for Digital Assets Regulation](https://diutocoinnews.com/2022/08/nigeria-sec-digital-assets-regulation/): Understanding the legal implications of Nigeria’s SEC Guidelines for Digital Assets regulation is an important topic in the unclear regulatory environment on crypto in the country. Last year, the Nigerian Securities and Exchange Commission (SEC) released a statement indicating its intention to regulate digital assets which qualify as securities transactions under the Investment and Securities Act (ISA) 2007. Consequently, SEC released new guidelines titled ‘New Rules on Issuance, Offering Platforms and Custody of Digital Assets’ and dated 11th May 2022. The CBN’s position has been one of hostility. The apex bank has restricted banks from processing transactions related to digital assets.&nbsp; [&hellip;]
- [More Money For Nigerian Bank Customers ? CBN Increases Interest Rate On Savings Account Deposits.](https://diutocoinnews.com/2022/08/cbn-increases-interest-rate-on-savings-account/): The&nbsp;Central Bank of Nigeria&nbsp;(CBN), earlier in the week has directed banks to increase the minimum interest rate payable on savings deposits from 10 percent to 30 percent of the monetary policy rate (MPR). This means that, bank customers operating local currency savings in the country would enjoy more interest. The apex bank said this in a circular dated August 15, 2022, and signed by Haruna B. Mustafa, director of the banking supervision department. Also Read: Customers To Provide Indemnity For Online Transfers Above One Million Naira: CBN. What CBN is Saying. The MPR — the baseline interest rate in an economy, [&hellip;]
- [Crypto Scams Drop Following the Exit of Gullible Newbies in 2022: Chainalysis Report ](https://diutocoinnews.com/2022/08/crypto-scam-chainalysis-report-2022/): Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year.&nbsp; “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,” the blockchain data analytics firm wrote. Blockchain data analytics firm Chainalysis published its mid-year crypto crime update titled “Illicit Activity Falls With Rest of Market, With Some Notable Exceptions” on Tuesday. The firm explains that Illicit volumes are down just 15% year over year, compared to 36% for legitimate volumes. Specifically, “Total scam revenue for 2022 [&hellip;]
- [Dogecoin Warns Against Dogechain, Debunks Relationship.](https://diutocoinnews.com/2022/08/dogecoin-warns-dogechain-token-debunks-relationship/): Dogecoin Foundation board member&nbsp;Jens Wiechers&nbsp;has debunked claims that Dogechain is an affiliated product, saying “paid media” have disseminated false information that the two are connected. This follows an earlier tweet from Dogecoin developer&nbsp;@cb_doge, who posted that Dogechain is “another knockoff token,” while giving DOGE holders the heads up on influencers promoting the project. Also Read: Dogecoin Is Working With Ethereum’s Vitalik Buterin On Community Staking. What is Dogecoin And How this is a Phishing Plan? Incidentally,&nbsp;DogeChain&nbsp;is also the name of Dogecoin’s official block explorer. Dogechain&nbsp;is billed as a layer 2 scaling solution enabling DeFi, NFTs, and gaming. However, per its&nbsp;whitepaper, DogeChain [&hellip;]
- [Manchester United Fake Fan Crypto Token Pumps Over 3000% Gain, After Elon Musk Joke.](https://diutocoinnews.com/2022/08/manchester-united-fake-fan-crypto-token-3000/): A fake Manchester United fan token has pumped over 3,000% after Elon Musk, the world’s richest man, stated that he was going to buy the English Premier League club, a revelation he later said was a joke. To clarify, MUFC is not an official Manchester United crypto token. It came to life in August 2021 after a team of programmers, who are said to be hardcore Manchester United fans, falsely claimed that holding MUFC would give buye influence on the football club&#8217;s decisions. The team later conducted an &#8220;airdrop&#8221; round of&nbsp;10,000,000,000 MUFC in November 2021, promising to provide 10,000 MUFC to [&hellip;]
- [Nigeria External Reserve Falls Again , Loses $337 Million in 2 Weeks. Further Naira Depreciation Likely.](https://diutocoinnews.com/2022/08/nigeria-external-reserve-loses-337-million/): Nigeria’s external reserves fell again by $337 million in the first two weeks of August, continuing its declining trend since the middle of last month. Data from the Central Bank of Nigeria showed that the external reserves fell to $38.882 billion on Thursday August 11th, 2022, from $39.219 billion at the end of July 2022. This indicates that the external reserves has lost $563 million since July 18, when it commenced the latest downward trend. Prior to July 18, the external reserves had maintained a 40 days upward trend, rising by $976 million to $39.445 billion from $38.421 billion on June [&hellip;]
- [Nigeria Inflation Reaches 17 Year High, Nears 20% As Crypto Traders Go For Stablecoin USDT, BUSD.](https://diutocoinnews.com/2022/08/nigeria-inflation-rises19-64-2022/): The National Bureau of Statistics has said Nigeria’s headline inflation rate increased to 19.64 per cent on a year-on-year basis in July, the highest since 2005, in the same vein crypto traders in Nigeria are saving in stablecoins to forestall the volatility the local currency Naira is undergoing. The Statistician-General of the Federation and Chief Executive Officer, National Bureau of Statistics, Prince Semiu Adeniran, said this in the Consumer Price Index for July 2022 released by the bureau in Abuja on Monday. As Naira devaluation continues to affect the wallets of locals, many crypto fans are jumping on the stablecoin bandwagon. [&hellip;]
- [Ghana Inflation Rises Further To 31.7 % All Time Record..., as Cedi Falls 30% Against Dollar.](https://diutocoinnews.com/2022/08/ghana-inflation-rises-further-cedi-falls/): Ghana’s inflation rate rose higher in the month of July 2022 from 29.8% recorded in June to 31.7% in July , the nation&#8217;s currency Cedi falls 30% against dollar since the inflation hike, becoming second worst performing currency in the world according to Bloomberg analysis. The country’s inflation rate touched a 19-year-high in June, as a result of a surge in transportation costs. The hike in transport cost is due to the sustained global energy prices, which has seen the price of gasoline hit record highs, as crude oil prices remain elevated. Also, higher cost of household equipment and maintenance, and [&hellip;]
- [Kenya Becomes First in Africa to Make Coding a Subject in Primary and Secondary Schools.](https://diutocoinnews.com/2022/08/kenya-coding-subject-primary-secondary-schools/): Kenya&#8217;s president, Uhuru Kenyatta, in the past week announced the addition of coding as a subject into its primary and secondary schools curricula. This new development makes Kenya the first country in Africa to approve coding as a subject of study in the two early schools. &nbsp;“I applaud the Kenya Institute of Curriculum Development for leading our nation to this landmark achievement, by implementing coding as a critical skill within our new Competency Based Curriculum,”&nbsp; President Kenyatta said at the event. The President also launched the National Cybersecurity Strategy 2022 which provides strategic interventions in addressing national cybersecurity challenges in Kenya. The [&hellip;]
- [Bitcoin Is a  Legal Tender In More Countries Than You Think.  These Are Countries Where Bitcoin Is Legal.](https://diutocoinnews.com/2022/08/countries-where-bitcoin-legal-tender/): What does it entails to use Bitcoin as a medium of exchange ? Many Bitcoin enthusiasts pushing for it&#8217;s usage as a legal tender in various countries attributes their reasons to Bitcoin&#8217;s freedom of exchange features. This stems from the decentralized. The main reason why Bitcoin should be legal is because Bitcoin existance has yet to break any serious laws. Bitcoin is just an alternative economy and ideally people should be able to exchange goods in alternative economy if they so choose. As a result it is tempting to let Bitcoin alone and have people chosen in which economy they want [&hellip;]
- [eNaira Hackathon: Central Bank of Nigeria, Fintech Support Org To Support Ten Start Ups.](https://diutocoinnews.com/2022/08/cbn-fintech-support-10-startup/): The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) ; an Access Bank initiative that aims to nurture and accelerate the growth of Fintech startups in Africa, to support 10 startups, to increase the adoption of eNaira in the country. This was disclosed by the Head of AFF, Mr Daniel Awe, to the News Agency of Nigeria (NAN) over the weekend in Lagos. He claimed that the country needs to embrace eNaira more widely since it benefited economic activities, helped the digital economy, and increased financial inclusion. Mr Daniel Awe stated that AFF and the CBN [&hellip;]
- [Nigerians Has Traded Near N500 Billion In Bitcoin Despite CBN Ban](https://diutocoinnews.com/2022/08/nigeria-trades-n500-billion-bitcoin-2/): Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the nation. This is despite the Central Bank of Nigeria’s restriction on cryptocurrencies in the nation. In February 2021, the CBN had said, “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.” Yet, according to figures from Paxful, one of the major peer-to-peer platforms in the nation, Nigerians have traded $1.16bn in BTC volumes in the last 18 [&hellip;]
- [Reserve Bank of Zimbabwe Develops a Roadmap for the Adoption of CBDC](https://diutocoinnews.com/2022/08/zimbabwe-reserve-bank-cbdc-roadmap/): The governor of the Zimbabwean central bank, John Mangudya, recently said that the country&#8217;s apex bank “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.”&nbsp; Following the public notice about the Reserve Bank of Zimbabwe (RBZ)’s intention to explore the feasibility of launching a central bank digital currency (CBDC), the bank’s governor John Mangudya recently revealed that the central bank now has a roadmap for the envisaged digital currency.&nbsp; He said the bank’s development of the roadmap is in line with the government’s decision on the CBDC which was made in November 2021. Nevertheless, Mangudya suggested [&hellip;]
- [Kenyan 2022 Election Voting System Replicates Bitcoin Blockchain.](https://diutocoinnews.com/2022/08/kenya-election-voting-system-bitcoin-blockchain/): Kenyans held national elections on Tuesday, August 9, 2022, and the voting system closely mirrored the BitcoinBTC blockchain. African governments have traditionally conducted chaotic elections rife with gross misconduct and outright vote rigging. The election, however, was the most transparent system I have ever seen or heard of, thanks to the Independent Electoral and Boundaries Commission of Kenya (IEBC). In spite of the similarities, which we will get into, the IEBC&#8217;s top officials can change voter registration details and transfer voters. There is no single administrator in Bitcoin who can move Bitcoin or change transactions. While it is debatable whether the system [&hellip;]
- [Latest Report Suggests 22Million Nigerians Use Bitcoin](https://diutocoinnews.com/2022/08/nigerians-use-bitcoin-report/): A recent report by Documenting Bitcoin on Twitter suggests that Nigeria is the fourth largest country in the adoption of Bitcoin with over a 22million users. A latest research study new study has rated Nigeria as the country with the most interest in cryptocurrency in Africa after the April crypto market collapse. The study also reports Kenya as the second-highest ranked African country, but not in the world. The growing interest shows Nigeria is growing both in career development around the crypto ecosystem and also covering the job demand from this sector. Read Also: Central African Republic President Describes Launch Of [&hellip;]
- [Central African Republic President Describes Launch Of Crypto, Sango Coin As an Important Milestone.](https://diutocoinnews.com/2022/08/sango-coin-milestone-car-president/): Faustin-Archange Touadéra, president of Central African Republic’s (CAR) over the week noted that the&nbsp;launch&nbsp;of the sango coin, as well as the&nbsp;call&nbsp;for the issuance of a common digital currency by a regional central bank, are two critical milestones for his country and the continent. While admitting that his government knew the decision to launch the sango coin and declare bitcoin legal tender “would not be an easy road,” the CAR leader insisted in his latest Twitter&nbsp;thread&nbsp;that the coin sale “represents our country’s opening to the world: attracting global talent, investment and resources.” following an&nbsp;announcement&nbsp;that the CAR had become the second country to [&hellip;]
- [NEAR Web Wallet Halts Email and SMS Wallet Recovery Due to Recent Wallet Hacks](https://diutocoinnews.com/2022/08/near-halts-sms-email-wallet-recovery/): Due to the recent wallet hacks on other platforms, Near wallet announced today, it will be halting SMS and Email wallet recovery service on it&#8217;s platform. “The recent have brought to light potentially serious security issues connected to the use of common analytics tools in Web3. In light of those hacks, we are sharing a perspective on a recent experience involving similar tools.&#8221; Near explained that on June 6th, 2022, the NEAR Wallet team received a bug report indicating that sensitive information had been shared with a third party. The issue was fixed promptly the same day. Read Also: Solana Wallet [&hellip;]
- ["Set Naira Free" Expert Tells CBN, Says Naira Is Overvalued By 200%.](https://diutocoinnews.com/2022/08/naira-free-market-forex-cbn/): The Managing Director of Financial Derivatives Company Limited (FDC), Bismarck Rewane in an interview earlier in the week said that the Naira was over-valued by 200 percent. Rewane, who stated this in a programme on Arise TV, said the black market where Naira exchanged for N680/$ on Tuesday provided a true picture of the value of the Nigerian currency. FSDH Research had in its macroeconomic report stressed that the Naira-dollar exchange rate at the official market did not reflect the current realities in the country. Rewane, therefore, demanded the devaluation of the Investors and Exporters (I&amp;E) foreign exchange window rate next [&hellip;]
- [Tornado Cash Token ( TORN) Tumbles After Developer's Arrest](https://diutocoinnews.com/2022/08/torn-crypto-falls-developer-arrest/): TORN, the token of Tornado Cash, nosedive as much as 24% after a developer for the crypto transaction mixing protocol was&nbsp;arrested in Amsterdam on Friday.&nbsp; The drop extended the slide begun earlier this week after the US Treasury Department&nbsp;banned US citizens&nbsp;from using the Ethereum-based protocol. The site is one of the most common platforms for those who want to obfuscate crypto transactions. It has been used by a North Korean hacking group linked to the $625 million attack on the blockchain gaming project Axie Infinity in March as well as facilitating a variety of cyber crimes, the Treasury Department said. TORN [&hellip;]
- [Apply For Binance Labs Incubation Program Now! Deadline Extended.](https://diutocoinnews.com/2022/08/apply-binance-labs-incubation-program-2022/): Applications for Binance Labs Incubation Program have been extended until August 15, 2022. As an industry-leading and chain-agnostic incubation hub, Binance Labs’ mission is to empower promising Web3 projects and accelerate their growth. The Binance Labs Incubation Program is a 8-week curriculum designed for top-tier founders. Link For application is in the last paragraph. The Binance Labs Incubation Program is a chain-agnostic program that aims to empower innovative projects to shape the future of Web3. As Binance’s venture capital and incubation arm, Binance Labs has tailored the entire design of the program to meet founder needs, leveraging extensive resources across the [&hellip;]
- [Huobi Crypto Exchange CEO to Sell 60% Stake. Justin Sun and SBF in a Bid to Buy the Stake.](https://diutocoinnews.com/2022/08/huobi-crypto-exchange-sell-60/): Huobi crypto exchange founder Leon Li is reportedly seeking to sell most of his stakes in the exchange. This deal can be valued at around $3 billion making it the largest buyout in the crypto market history. According to&nbsp;Bloomberg’s report, Huobi’s chief had multiple dialogues with financiers. He is seeking to sell around 60% of the Shares. However, Sam Bankman-Fried’s FTX and&nbsp;Tron founder Justin Sun&nbsp;are reportedly in the race to grab this opportunity. They have been in preliminary contact with Huobi regarding the share transfer. A Huobi spokesperson gave out the confirmation regarding the deal. However, he declined to give specific [&hellip;]
- [Morocco Capital Market Authority Sets Up Fintech Portal.](https://diutocoinnews.com/2022/08/morocco-fintech-portal-capital-markets-regulator/): Morocco’s capital markets regulator, the Moroccan Capital Market Authority (AMMC), recently announced the launch of a new fintech portal on its website with the objective to “support market players in their projects and promote the development of new technologies that will help transform the financial sector.” According to a statement, the AMMC’s establishment of the fintech portal signals the regulator’s willingness to embrace innovations within the financial services industry. Also Read: Central Bank of Morocco Set To Unveil Crypto and Bitcoin Regulation Bill “For the Moroccan Capital Market Authority, supporting the appeal of the capital market also means embracing innovation in the [&hellip;]
- [Hotbit Crypto Exchange Shutdown, Suspends Trading, Freezes Customers Funds.](https://diutocoinnews.com/2022/08/hotbit-crypto-exchange-shutdown/): In a statement released on it&#8217;s website on Thursday, Hotbit Crypto exchange announced suspension of trading, deposit, withdrawal and funding functions, noting that the exact time of reopening of its platforms cannot be determined at the moment. The reason is &#8220;that a former Hotbit management employee who left Hotbit in April this year was involved in a project last year(which was against Hotbit&#8217;s internal principles and of which Hotbit was unknown) that law enforcement authorities now think is suspected of violating criminal laws. So, a number of Hotbit senior managers have been subpoenaed by law enforcement since the end of July and are assisting in [&hellip;]
- [Two Yellow Cards For Arsenal Over Improper NFT Promotion.](https://diutocoinnews.com/2022/08/arsenal-nft-promotion-advert-warning/): English premier league football club, Arsenal, have been rebuked by the Advertising Standards Agency which today declared it had upheld its ruling against the club relating to NFT promotions. The ASA said the Gunners had promoted a crypto investment without suitable warnings about the risks associated with it. The club was slammed over two adverts for ‘fan tokens’ which, said the authority, had taken advantage of fans’ lack of knowledge in non-fungible tokens (NFTs) and failed to make clear that digital assets had to be purchased using cryptocurrency. Today’s reprimand came following an appeal from the club against the ASA’s ruling [&hellip;]
- [LinkedIn and OKX Blockchain Talent Growth Report: Nigeria Ranks 4th on the World Global Blockchain Talent Growth Rate.](https://diutocoinnews.com/2022/08/linkedin-okx-blockchain-talent-growth-report/): LinkedIn and OKX jointly released a blockchain talent report in which Nigeria ranked fourth among other countries for global blockchain talent growth rate. The U.S., India and China are the top three countries in the world for blockchain talent, while China&#8217;s talent growth rate is relatively low, at 12%. Nigeria is the only Africa country on the talent growth rate of top 10 countries for global blockchain talent. Nigeria has the fourth best growth rate at 81% with India on the first at 122% growth rate, followed by Canada at 106%, Singapore at 92% and Nigeria at 81%. LinkedIn Talent Insights [&hellip;]
- [Bank Of Central African States To Supervise CAR Ongoing Crypto Project.](https://diutocoinnews.com/2022/08/baec-to-supervise-car-crypto-project/): The Bank of Central African States (BEAC) has been chosen to oversee the progress of cryptocurrency adoption project in the Central African Republic. The agreement was reached in the meeting of the Ministerial Committee of the Central African Monetary Union (Umac), held in July in Douala Cameroon. &#8220;After examining the implications of the law governing cryptocurrency in the Central African Republic concerning the community&#8217;s regulatory architecture in monetary and financial terms, the Board of Directors welcomed the expression by the CAR of its commitment to the single currency and respect for the statutes of the Bank of Central African States, the [&hellip;]
- [WhatsApp Will Stop Letting Anyone Take Screenshot Of Messages, Announces Other New Privacy Updates.](https://diutocoinnews.com/2022/08/latest-whatsapp-privacy-updates/): Meta&#8217;s WhatsApp announced several new privacy updates on Tuesday, including the ability for users to check their messages without other people knowing. The platform will soon allow people to control who can see when they&#8217;re online, prevent others from taking screenshots of certain messages, and leave groups without notifying entire channels. WhatsApp has more than&nbsp;2 billion users&nbsp;globally, and is owned by&nbsp;Facebook&nbsp;(FB)&nbsp;parent Meta. Announcing the changes on Facebook and Instagram, CEO Mark Zuckerberg said the company would &#8220;keep building new ways to protect your messages and keep them as private and secure as face-to-face conversations.&#8221; Also Read: WhatsApp Test Runs Meta Crypto [&hellip;]
- [Have You Used The eNaira? How Far Has The Nigeria's Digital Currency Fared ?](https://diutocoinnews.com/2022/08/enaira-digital-currency-how-far/): The first year anniversary of the live launch of the eNaira is coming up on October 25, 2022. It will be exactly one year since the introduction of Central Bank Digital Currency CBDC in Nigeria. eNaira was&nbsp; launched by President Muhammadu Buhari to be used as legal tender in the country. Thus Nigeria became the first African country to introduce a digital currency as it joined the Bahamas and the Eastern Caribbean Central Bank in being among the first jurisdictions in the world to roll out national digital currencies. During the launch, the CBN Governor, Godwin Emefiele, noted that the introduction [&hellip;]
- [EFCC Reportedly Identifies Individuals Hoarding USD](https://diutocoinnews.com/2022/08/efcc-reportedly-identifies-individuals-hoarding-usd/): Bawa disclosed that the commission have linked identities of individuals and organizations involved in the hoarding of the foreign currencies, especially the US dollars.&nbsp; The commission met with Bureau de Change (BDC) operators in the Federal Capital Territory. The chairman Abdulrasheed Bawa said he called the meeting to fashion out ways to collaborate. Bawa condemned the “brazen foreign exchange speculation, especially at the parallel market”. Read Also: Nigeria Fintech Access: Only 35% Have Smartphones; Expert The anti-graft chief said the actions were hurting the country’s monetary policy by instigating a run on the value of the naira. He identified Kano, Lagos, [&hellip;]
- [Nigeria Fintech Access: Only 35% Have Smartphones;  Expert.](https://diutocoinnews.com/2022/08/nigeria-fintech-access-35/): The&nbsp;Chief Product Officer of a Nigeria fintech payment system, Brian Manuwuike, said that financial technology companies can only serve about 35 per cent of the Nigerian population. According to him, the nation’s smartphone penetration is at 35 per cent, suggesting that the market cap for financial technology companies is the same. He explained that this and a lack of infrastructure were slowing down financial inclusion in the nation. He disclosed this in an interview stating that access to digital payments could only be driven by digital financial services which was determined by access to smart devices. Also Read : Nigeria Fintech [&hellip;]
- [NFT Adoption In South Africa Tops Other Developing Countries: Research Shows.](https://diutocoinnews.com/2022/08/nft-south-africa-adoption/): South Africa has the twelfth-highest NFT adoption rate in the world, according to the latest&nbsp;survey results&nbsp;by data company Finder. These findings were based on a survey of 28,000 people in 20 countries. South Africans between the ages of 18 and 24 are the most likely to have NFTs (11%), while men (10.5%) in South Africa are more likely to own NFTs than women (6.3%). NFTs have had a major resurgence in the latter half of 2021, with some digital art pieces fetching millions of dollars in the NFT marketplaces for South Africans. Also Read: South Africa NFT Marketplace Raises $5Million So [&hellip;]
- [Crypto ATMs In The World Has Passed 39,000, As Additional ATMs Springs Up.](https://diutocoinnews.com/2022/08/crypto-atm-passes-39000-globally/): There are more additions to the number of cryptocurrency automated teller machines (ATMs) operating worldwide, surpassing the 39,000 mark. Starting from January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925%. Crypto ATM numbers saw exponential growth during the last 23 months since September 1, 2020, when there were less than 10K machines worldwide.&nbsp; Geographical distribution statistics&nbsp;show that North America dominates with 95.1% of all the crypto ATMs worldwide with 37,081 machines. The U.S. commands 87.9% of the aggregate of crypto ATMs installed worldwide with 34,299 machines. The rest of the world’s percentage [&hellip;]
- [End Of The Metaverse Is Coming ? A 2027 Predictions Of The Crypto Ecosystem. Top Four Predictions.](https://diutocoinnews.com/2022/08/2027-crypto-market-predictions/): In long term planning for growth and a set of assessment projections one usually asks , &#8221; where do you see yourself in next five years?&#8221; These projective tests questions help to shape our goals and pick and streamline our plans. A year is not enough to assess growth or lack of it. What is the future of crypto market in 2027 ? Will it still thrive. Will adoption grow or not ? This and many more questions will be giving a futuristic answer in this piece. Long-term predictions are notoriously difficult to make, but they are good thought experiments. One [&hellip;]
- [Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021](https://diutocoinnews.com/2022/08/crypto-startups-raise-2022/): Crypto Ecosystem Funding Report From Messari Shows Capital Raise in 2022 Surpassed the 2021 Capital Raise. A significant sum of money has been injected into startups across various sectors of the crypto ecosystem according to the “H1 2022 Fundraising Report” published by Messari and Dove Metrics, a subsidiary of Messari Holding Inc.&nbsp; According to the report, centralized finance (cefi) outpaced decentralized finance (defi), as cefi captured more than $10.2 billion in H1. Defi managed to gather $1.8 billion, while Web3 and non-fungible token (NFT) projects and related companies raised $8.6 billion in the first six months of the year.&nbsp; Another $9.7 [&hellip;]
- [Crypto Market Rate Update For Tuesday, 18th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-tuesday-18th-october-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 18th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,619,830.78. Sell: NGN14,570,997.02, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 995,883.41. Sell: NGN 992,107.54 and has increased by 2.62% in [&hellip;]
- [Crypto Hackers Stole Over $3 Billion In 125 Hacks In 2022 Q3.](https://diutocoinnews.com/2022/10/crypto-hackers-stole-over-3-billion-in-125-hacks-in-2022-q3/): Recent data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. The blockchain data analytics firm explained that back in 2019, most hacks targeted centralized exchanges. However, a vast majority of targets are now decentralized finance (defi) protocols. Chainalysis wrote: After four hacks yesterday, October is now the biggest month in the biggest year ever for hacking activity … So far this month, $718 million has been stolen from defi protocols across [&hellip;]
- [Bitcoins Worth N40 Million Forfeited To Nigerian Govt.](https://diutocoinnews.com/2022/10/bitcoins-worth-n40-million-forfeited-to-nigerian-govt/): Today, a Federal High Court sitting in Lagos on Friday ordered the final forfeiture of 1.982, 022, 84 units of Bitcoin worth N40m, property of a suspected internet fraudster to the Federal Government. In addition, Justice Nicholas Oweibo ordered the final forfeiture of iPhone 12 Pro Max, iPhone 7, and all funds found in two bank accounts of a suspected internet fraudster, Alkali Tanimu, popularly called Yahoo Boy. On July 19, 2022, the court made an interim order of forfeiture of the listed items, which have now been finally forfeited to the Federal Government. Justice Oweibo made the final forfeiture order [&hellip;]
- [Crypto Market Rate Update For Monday, 17th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-monday-17th-october-2022-naira-to-usd-usdt/): 4Opening prices for Monday, 17th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,305,441.96. Sell: NGN14,225,000.00, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 970,249.96. Sell: NGN 963,470.94 and has decreased by 2.62% in [&hellip;]
- [Trending Scam Alert ! Beware, The Central Bank of Nigeria Does Not Have An Investment Platform.](https://diutocoinnews.com/2022/10/trending-scam-alert-beware-the-central-bank-of-nigeria-does-not-have-an-investment-platform/): The central bank of Nigeria has distanced itself from all of the pages on social media particularly Facebook claiming to offer investment services using CBN as a cover, warning Nigerians that they are all scams. Several Facebook pages have been created claiming to help Nigerians with their investments. The pages have one thing in common &#8211; they all use the name of the Central Bank of Nigeria (CBN). The names of the pages vary from CBN Investment Platform and Nigeria CBN Helping Hand Investment Platform to CBN Helping Hand Trading Investment and CBN Helping Hand Trading Platform. One of the scam [&hellip;]
- [Crypto Market Rate Update For Sunday, 16th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-sunday-16th-october-2022-naira-to-usd-usdt/): Opening prices for Sunday, 16th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,237,900.00. Sell: NGN14,106,761.68, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 956,378.01. Sell: NGN 947,135.11 and has decreased by 2.62% in [&hellip;]
- [Naira Falls Against All Forex Markets For The First Time.](https://diutocoinnews.com/2022/10/naira-falls-against-all-forex-markets-for-the-first-time/): The Nigeria currency naira depreciated across all foreign currencies in the forex market, the worst hit since the Naira uncontrollable fall began. This happened as supply dropped at the Investors and Exporters (I&amp;E) forex window, Nigeria’s official window. It fell against the dollar, Euro and Pound across Foreign Exchange markets (FX). According to data obtained from the FMDQ, Dollar supply through the daily foreign exchange market turnover declined by 47.20 percent to $64.80 million on Thursday from $95.39 million recorded on Wednesday. The drop in dollar supply consequently increased pressure and reversed Naira’s gains on Tuesday. Data shows that at I&amp;E [&hellip;]
- [Crypto Market Rate Update For Saturday, 15th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-saturday-15th-october-2022-naira-to-usd-usdt/): Opening prices for Saturday, 15th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,280,900.44. Sell: NGN14,134,966.38, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 963,878.04. Sell: NGN 952,897.49 and has decreased by 2.62% in [&hellip;]
- [Top 20 Remote Job Websites To Get That Dream Pay.](https://diutocoinnews.com/2022/10/top-20-remote-job-websites-to-get-that-dream-pay/): How can I find a remote job ? Where can I get the best remote jobs link ? Virtual jobs or remote work has become the new normal in the field of human resources. Here are 20 websites that will help you find remote jobs anywhere in the world. 1) Dynamitejobs.com Find online, remote work in multiple industries. The site is super user friendly, and always up to date with the latest jobs from companies all over the world, and it&#8217;s free!! 2) pangian.com Join 100,000+ Pangians Working RemotelyConnect with remote workers worldwide, share tips, get support and make friends around [&hellip;]
- [Metaverse Projects and Blockchain Games Raised Combined $1.3 Billion in Q3 2022: DappRadar Reports.](https://diutocoinnews.com/2022/10/metaverse-projects-and-blockchain-games-raised-combined-1-3-billion-in-q3-2022-dappradar-reports/): Funding through Venture financing for blockchain industry remained viable in the third quarter, even as bearish situations ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the sector. Blockchain games and metaverse projects raised a cumulative $1.3 billion in venture capital between July and September, according to DappRadar’s latest BGA Games Report. While this figure was down 48% compared to the second quarter, it was nearly double the total amount raised in 2021. DappRadar said that projects focused on Web3 metaverse infrastructure accounted for over 36% of the quarterly investments. Looking [&hellip;]
- [Crypto Market Rate Update For Friday, 14th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-friday-14th-october-2022-naira-to-usd-usdt/): Opening prices for Friday, 14th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,692,622.27. Sell: NGN14,591,847.74, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 984,811.89. Sell: NGN 976,947.60 and has increased by 2.62% in [&hellip;]
- [Egyptian Banks Reduce Withdrawal Limit For Travelers Over Scarce Dollars.](https://diutocoinnews.com/2022/10/egyptian-banks-reduce-withdrawal-limit-for-travelers-over-scarce-dollars/): Egyptian banks recently tightened limits on foreign currency withdrawals from local currency accounts as they seek to conserve scarce dollars, clients who plan to travel abroad can now only withdraw $2,000 or less. The banks have also lowered the amount of foreign exchange that clients can withdraw when abroad. Egypt’s ongoing shortage of foreign exchange has forced some merchants to start demanding payment in dollars. As pressure against the Egyptian pound mounts, banks in the country are reportedly imposing limits on the amount of foreign currency travelers can withdraw before departing, or when they are abroad, a report has said. While [&hellip;]
- [Crypto Market Rate Update For Thursday, 13th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-thursday-13th-october-2022-naira-to-usd-usdt/): Opening prices for Thursday, 13th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,124,540.34. Sell: NGN14,025,484.10, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 950,302.17. Sell: NGN 943,329.11 and has decreased by 1.62% in [&hellip;]
- [Winning Play To Earn Crypto Gamers Best Strategies Revealed In Codalabs Web3 Gamer Study Research.](https://diutocoinnews.com/2022/10/play-to-earn-crypto-gamers-best-strategies-in-codalabs/): Admittedly, the crypto gaming market is very bearish right now. However, investment in web3 gaming is expected to reach around $10 billion by the end of 2022, and many new projects are finding it easier to get funding from colossuses like Animoca Brand or Immutable. Coda Labs published their first “Web3 gamer study” report, a research study aimed at gamers. The study, which was conducted in collaboration with DappRadar, Laguna Games, and the Blockchain Game Alliance, garnered nearly 7,000 responses. The report classifies the respondents into three groups: gamers, crypto gamers, and crypto non-gamers. All respondents, regardless of their group, have [&hellip;]
- [African Start-ups Funding For Half Of 2022 Doubles To $4 Billion.](https://diutocoinnews.com/2022/10/african-start-ups-funding-for-half-of-2022-doubles-to-4-billion/): Funding for African startups is on track to hit a record this year despite a slowdown globally, according to a new report. Venture capital deals on the continent reached $3.5 billion in the six months through June, more than double the amount in the same period a year earlier, according to the African Private Equity and Venture Capital Association. The funds were raised by 300 companies, with 27% of the companies led by female founders, or having at least one female founder. This compares to 25% in the previous year. The increase in investment is largely driven by startups raising larger [&hellip;]
- [Crypto Market Rate Update For Tuesday, 11th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-naira-usd-rate-11-10-2022/): Opening prices for Tuesday, 11th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,000,221.06. Sell: NGN13,865,000.42, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 937,202.86. Sell: NGN 929,254.00 and has decreased by 1.62% in [&hellip;]
- [Ghana Crypto and Fintech Regulatory Sandbox Set To Provide Solution For Crypto Businesses In The Country.](https://diutocoinnews.com/2022/10/ghana-crypto-and-fintech-regulatory-sandbox-set-to-provide-solution-for-crypto-businesses-in-the-country/): The Bank of Ghana has launched a Regulatory and Innovation Sandbox that could be the solution for crypto regulations in Ghana. First Deputy Governor of the Central Bank, Dr. Maxwell Opoku-Afari announced this when he opened a stakeholder forum for the BoG’s Regulatory and Innovation Sandbox in Accra. In a speech read on his behalf by Kwame Oppong, Head of Fintech and Innovation at BoG, Dr. Opoku-Afari said with regards to developments in virtual assets, “we are open to dialogue geared towards the potential exploration of regulatory outcomes, keenly focused on consumer interest and protection. The Sandbox could potentially present us [&hellip;]
- [Crypto Market Rate Update For Monday, 10th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-naira-usd-rate-10-10-2022/): Opening prices for Monday, 10th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,279,647.20. Sell: NGN14,138,386.98, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 967,677.28. Sell: NGN 960,303.52 and has decreased by 1.62% in [&hellip;]
- [EU MiCA Laws Set To Checkmate Volatile Crypto Ecosystem and Protect Investors; A Call For African To Set Up Harmonized Regulatory Laws.](https://diutocoinnews.com/2022/10/eu-mica-crypto-laws/): The European Union’s Markets in Crypto Assets Regulation (MiCA) a twenty seven (27) nation organization has resolved to offer a single, clear rulebook that would require crypto companies to register with the authorities, to hold sufficient capital to steady stablecoins and to offer clear and fair information to budding investors. The new rules come at a brutal time for digital assets, with bitcoin facing its worst quarter in more than a decade. The landmark law, known as Markets in Crypto-Assets, or MiCA, is designed to make life tougher for numerous players in the crypto market, including exchanges and issuers of so-called [&hellip;]
- [Peter Obi Promises To Remove Import Forex Restrictions And End Double Forex Market Rate.](https://diutocoinnews.com/2022/10/peter-obi-to-remove-import-forex-restriction/): The leading presidential candidate in Nigeria&#8217;s forthcoming 2023 presidential election, Labour Party&#8217;s Peter Obi has promised to remove the stifling forex import restrictions and entrench a single forex market rate to end the official and parallel market forex complications which affects &#8220;exporters who bring in forex by forcing them to sell at a rate that they are unable to source for forex when they need to purchase forex.&#8221; He made this known in a recent panel conversation at Harvard university. The former governor of Anambra State gave a vivid picture of what his government will do in all critical areas as [&hellip;]
- [Nigeria Executes First Pan African Payment and Settlement System Transaction In Africa.](https://diutocoinnews.com/2022/10/first-pan-africa-settlement-system-transaction/): Nigeria becomes the first country in Africa to record the first successful transaction through the Pan-African Payment and Settlement System (PAPSS). This comes after the payment gateway was conceptualized January 2022, in a bid to promote and aid the African Continental Free Trade Area (AfCFTA). The feat recorded by PAPSS in Africa was in collaboration with the Africa Export-Import Bank (Afreximbank) in partnership with the African Union (AU) and the AfCFTA. The first transaction on the PAPSS platform was made possible by the Nigeria Inter-Bank Settlement System Plc (NIBSS) and the successful transaction occurred between the Ghana Commercial Bank and First [&hellip;]
- [Crypto Market Rate Update For Sunday, 9th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-naira-usd-rate09-10-2022/): Opening prices for Sunday, 9th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,251,810.54. Sell: NGN14,112,587.17, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 967,093.56. Sell: NGN 955,917.89 and has decreased by 1.62% in [&hellip;]
- [Crypto Market Rate Update For Saturday, 8th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-saturday-8th-october-2022-naira-to-usd-usdt/): Opening prices for Saturday, 8th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,351,023.00. Sell: NGN14,242,170.73, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 973,111.82. Sell: NGN 964,823.53 and has decreased by 1.62% in [&hellip;]
- [Central Bank Allows Payment In Bitcoin, Other Cryptocurrencies.](https://diutocoinnews.com/2022/10/namibia-allows-bitcoin-cryptocurrency-payment/): The Central Bank of Namibia has announced that despite no cryptocurrency having legal tender status in the country, payments in Bitcoin and other crypto will still be allowed for retailers and dealers who take money in the form of cryptocurrencies if they are “willing to participate in such an exchange or trade.” The BoN (Central Bank of Namibia) noted in a press release in late September that although digital currencies such as Bitcoin (BTC) are not yet legally recognized, retailers can take money in this form if they wish. According to information made available on the bank’s official website, this does [&hellip;]
- [DiutoCoinNews Partners With LapLap, a Web3 PublishToEarn Ecosystem Player](https://diutocoinnews.com/2022/10/diutocoinnews-partners-with-laplap/): DiutoCoinNews has joined hands with LapLap, a Web3 PublishToEarn Ecosystem Player in a partnership. Laplap is building a Web3 player ecosystem with GameFi and SocialFi at its core, using an original &#8220;Publish To Earn&#8221; to guide players to discover and participate in the latest game projects. In addition to the traditional &#8220;play to earn&#8221; model, Laplap also allows users to vote based on the game&#8217;s playability, and participate in the launching stage of GameFi projects.&nbsp; After the game is released, community members can continue to earn by playing the game or participating in the development of the game through promoting, offering [&hellip;]
- [Binance BNB Smart Chain Paused Over Multimillion Dollar Hack; The Biggest Hack?](https://diutocoinnews.com/2022/10/binance-bnb-smart-chain-hack/): Binance BNB Smart Chain Paused Over Multimillion Dollar Hack. The cryptocurrency market witnessed another hack attempt on the BNB Chain was exploited by hackers,CEO of Binance Changpeng Zhao (CZ) revealed on Twitter that the cross-chain bridge and the BSC Token Hub were exploited. On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chain’s cross-chain bridge. The Bnb Smart Chain team detailed on Reddit that funds [&hellip;]
- [Crypto Market Rate Update For Friday, 7th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-naira-usd-rate-07-10-2022/): Opening prices for Friday, 7th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,687,879.50. Sell: NGN14,527,030.15, and has increased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 992,957.44. Sell: NGN 983,342.44 and has decreased by 1.62% in [&hellip;]
- [Six African Fintech Start-ups Made The Top Global Promising Fintechs 2022.](https://diutocoinnews.com/2022/10/six-african-fintech-start-ups-made-the-top-global-promising-fintechs-2022/): Market intelligence platform, CB Insights has unveiled the winners of the fifth annual Fintech 250 — a list of the 250 most promising private fintech companies worldwide. Among the 2022 picks are six companies headquartered in African countries and three in Nigeria. The Fintech 250 is CB Insights&#8217; annual list of the 250 most promising private fintech companies in the world. This year’s winners are shaping the future of B2B and B2C financial services, from payments and banking to investing and insurance. According to CB Insights, this year’s winners were chosen based on factors including proprietary Mosaic scores, funding, market potential, [&hellip;]
- [Nigeria Central Bank Proposes 25 Billion Naira Capital Base For Deposit-Taking Fintechs.](https://diutocoinnews.com/2022/10/nigeria-capital-base-for-deposit-taking-fintech/): Central Bank Nigeria governor, Godwin Emefiele has proposed a 25 Billion naira capital base for deposit taking Fintechs, stating that such fintechs, “should come forward and become a bank – bring N25 billion and be a bank.” Twenty five billion is the capital base benchmark for commercial banking institutions in Nigeria. The apex bank boss spoke at the opening of the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Technical Assistance Workshop with the theme: “Normality in Turbulent Periods: The Stabilising Role of Deposit Insurance’’, which was organised by the IADI-ARC and hosted by the NDIC in Abuja. This [&hellip;]
- [Namibian Uranium to be Backed by NFT on the Blockchain.](https://diutocoinnews.com/2022/10/namibia-uranium-backed-by-nft-on-blockchain/): The first decentralized blockchain integrated with and operated by a network of regulated bank and money transmitter partners has reached a five years exclusive agreement with Namibia for the delivery of up to 20 million pounds of U3O8 from Madison’s uranium projects in Namibia following the commencement of commercial production. The fulfillment of the U3O8 delivery would back the first-ever uranium-backed non-fungible tokens. “Having the ability to potentially monetize our uranium resources at a premium using innovative technology provided by industry leaders is a testament to our forward-thinking strategy to deliver shareholder value,” said Duane Parnham, Executive Chairman and CEO of [&hellip;]
- [Crypto Market Rate Update For Thursday, 6th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-naira-usd-rate-6-10-2022/): Opening prices for Thursday, 6th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,875,855.74. Sell: NGN14,784,012.22, and has increased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,006,049.06. Sell: NGN 999,679.40 and has increased by 1.62% in [&hellip;]
- [North Africa and Middle East Ranks Top In Fastest Growing Crypto Market in The World.](https://diutocoinnews.com/2022/10/north-africa-and-middle-east-ranks-top-in-fastest-growing-crypto-market-in-the-world/): A new report from Chainalysis shows that the crypto market in the Middle East and North Africa ( MENA) region is the fastest growing in the world. Transaction volume in the MENA region reveals users received $566 billion in crypto in the time frame of July 2021 to June 2022. This is 48% more than the previous year. From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region. MENA is followed by Latin America and North America with a growth of 40% and [&hellip;]
- [List of Top Ten Remote Job Sites To Get That Dream Job.](https://diutocoinnews.com/2022/10/top-ten-remote-job-sites-list/): Finding a remote job can be an exhausting task for most. But not anymore. Here’re 10 websites to find remote/freelance jobs easily: JustRemote A super-simple search for job seekers to find jobs. Find jobs specific to your country area with ease.How to start: Find the work you’re looking for. If you like permanent work or a contract choose for yourself and get to work. Apply for the job. AngelList One of the best and most convenient websites to find remote jobs. Find remote jobs at any startup on this site with ease. LinkedIn Jobs Connect with company owners by sending them [&hellip;]
- [CBN Called To Review Hostile Crypto Directive In Banking System.](https://diutocoinnews.com/2022/10/cbn-crypto-derivative-in-banking/): The Central Bank of Nigeria (CBN) has been implored to re-evaluate its current anti-crypto directive banning commercial banks and other financial institutions from handling related transactions following recognition of crypto assets by Nigeria Securities and Exchange Commission (SEC) and Nigerian Financial Intelligence Unit (NFIU). It is also urged to focus on efficient and effective transaction monitoring and reporting systems instead of outright prohibitions. The position was advanced at the second yearly Blockchain Associations Forum’s (BAF) Member Summit held virtually, which had over 53 countries present. The summit was held to debate crypto asset policies, national digital asset strategies and the future [&hellip;]
- [Crypto Market Rate Update For Wednesday, 5th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-wednesday-5th-october-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 5th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,828,172.37. Sell: NGN14,610,983.22, and has increased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 986,676.69. Sell: NGN 977,782.95 and has increased by 1.62% in [&hellip;]
- [Kenya's Central Bank Says Forex Reserves Are Adequate, In Response To VP's Claim of Inadequacy.](https://diutocoinnews.com/2022/10/kenya-central-bank-reserve-forex-inadequacy/): The central bank of Kenya has refuted remarks made by the country’s deputy president Rigathi Gachagua which insinuates that the East African nation lacks foreign exchange reserves to import fuel. In a reactionary statement, the bank said it “does not supply foreign exchange for transactions other than for the national government.” All the foreign exchange used in private transactions and for oil imports is sourced from commercial banks, the statement noted. This has been the case since the complete liberalization of the foreign exchange market in the 1990s, the bank’s statement added. Also, the Central Bank of Kenya (CBK) insisted that [&hellip;]
- [Kim Kardashian In Trouble For Floating US SEC Crypto Asset Law.](https://diutocoinnews.com/2022/10/kim-kardashian-in-trouble-for-floating-us-sec-crypto-asset-law/): The Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Kardashian agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation. The SEC’s order finds that Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kardashian’s post contained a link to the EthereumMax website, which provided instructions for [&hellip;]
- [CBN Plans To Increase Fintech Capital Base Above N 2 Billion.](https://diutocoinnews.com/2022/10/cbn-to-increase-fintech-capital-base/): The Central Bank of Nigeria (CBN) is making plans to raise the capital base for Financial Technology firms (Fintechs) as the market share controlled by the payment platforms begin to expand. CBN Director, Payment System Management Department, Musa Jimoh, who made this known during an event tagged ‘Collaborating for Industry Growth and Profitability’ organised by Interswitch. The CBN has set capital benchmarks for firms involved in financial technology and payment at N2 billion. Those in the top category, dealing with switching and processing, as well as mobile money, will have a N2 billion shareholders’ funds unimpaired by losses, the regulator announced. [&hellip;]
- [Crypto Market Rate Update For Tuesday, 4th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-tuesday-4th-october-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 4th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,148,995.37. Sell: NGN13,972,702.37, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 957,263.35. Sell: NGN 948,340.29 and has decreased by 1.62% in [&hellip;]
- [Forex Scarcity Faulted As Naira Hit All Time Low Against Dollar.](https://diutocoinnews.com/2022/10/forex-scarcity-faulted-as-naira-hit-all-time-low-against-dollar/): Nigerian currency recently lost further ground against the US dollar after the naira’s parallel market exchange rate slumped to 735 units per dollar. The naira’s latest fall came just days after the Central Bank of Nigeria (CBN) announced a 150 basis points (bps) upward adjustment of the monetary policy rate (MPR). Just before the CBN’s interest rate increase, one U.S. dollar bought 720 nairas on the foreign exchange parallel market. The Central Bank of Nigeria has in the past suggested that the naira’s fall may be linked to the activities of currency speculators. Differing expert opinions believe the naira’s latest plunge [&hellip;]
- [Kenya's Central Bank Increases Key Interest Rate To Curb Inflation.](https://diutocoinnews.com/2022/10/kenyas-central-bank-increases-key-interest-rate-to-curb-inflation/): Kenya central bank monetary policy committee in the past week announced an increase to the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. The MPC ( monetary policy committee), which is chaired by the central bank governor Patrick Njoroge, approved the interest rate adjustment to shield Kenya from the imploding global economy. With the upward adjustment of the CBR, the Kenyan central bank appeared to follow in the footsteps of the Central Bank [&hellip;]
- [Crypto Market Rate Update For Monday, 3rd October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-usd-naira-rate-3-october/): Opening prices for Monday, 3rd October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,125,000.00. Sell: NGN13,875,100.09, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 945,777.67. Sell: NGN 936,424.15 and has decreased by 1.62% in [&hellip;]
- [Exposed: List Of Top Countries That Are Anti-Crypto.](https://diutocoinnews.com/2022/10/exposed-list-of-top-countries-that-are-anti-crypto/): Cryptocurrency ecosystem in 2022 has seen wide reaching growth and adoption globally, that it has become a full fledged industry, there are still a significant number of nations that have not yet fully embraced cryptocurrency. There are 105 nations that recognize cryptocurrencies, but some aren’t the biggest supporters of digital currency. New research from Forexsuggest shared with Finbold that reveals the countries with the slowest adoption of crypto – from crypto ATMs to owners. Specifically, the research looked at data on cryptocurrency owners, cryptocurrency ATMs, and yearly cryptocurrency searches in each nation to determine which nations are the most anti-crypto in [&hellip;]
- [PiCoin Craze In Northern Nigeria; The Passion, The Gains, The Uncertainties.](https://diutocoinnews.com/2022/10/picoin-craze-in-northern-nigeria-the-passion-the-gains-the-uncertainties/): Recent report reveals that members of a closed cryptocurrency support Telegram channel, held a meeting across four states in the northern region of Nigeria—Kano, Niger, Sokoto, and Katsina—on how they could enjoy the full promises of the Pi Network, an entity that describes itself on its website as “the first and only digital currency you can mine on your phone. The resolution, according to Bashir Zhamani, 27, who was part of one of the meetings held in Suleja, a Niger state city, was to build a Pi chain mall in Kano, Nigeria where people can shop using their PiCoin, a digital [&hellip;]
- [Crypto Market Rate Update For Sunday, 2nd October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-sunday-2nd-october-2022-naira-to-usd-usdt/): Opening prices for Sunday, 2nd October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,085,167.90. Sell: NGN13,971,598.24, and has decreased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 965,388.12. Sell: NGN 947,536.70 and has decreased by 1.62% in [&hellip;]
- [[VIDEO] BBN Polls: A Way to Earn From your Favorite Reality Show](https://diutocoinnews.com/2022/10/bbn-polls-big-brother-naija/): Have you ever been arguing with a friend and you said, “put money!” because you were so sure you were right, but then when it turned out you were right, your friend disappeared with “abeg abeg” even after agreeing to bet 5k. Don’t you just hate when that happens? In 2020, Big Brother Naija broke a Showmax video streaming record to become the most-watched entertainment live stream on Showmax in Nigeria. In just the lockdown season, the collective number of hours of the show streamed could be equated to almost 30 years&#8217; worth of viewing. All over twitter, conversations are flowing, [&hellip;]
- [Retail P2P Crypto Transfers Make Up 95% Of all Crypto Transfers In Africa : Chainalysis.](https://diutocoinnews.com/2022/10/chainalysis-retail-p2p-crypto-transfers-in-africa/): The latest research report from blockchain analysis firm, Chainalysis reveals that P2P transfers make up 95% of all crypto transfers in sub saharan Africa. Chainalysis noted that Sub-Saharan Africa’s total crypto transaction volumes of $100.6 billion seen between July 2021 and June 2022 are the least of any region that has been surveyed. While the on-chain volumes during this period are 16% higher than the preceding period, the report nevertheless states that Sub-Saharan Africa only accounts for 2% of the global crypto activity. In addition, Sub-Saharan Africa likely has some of the most developed cryptocurrency markets globally. The Chainalysis report said: [&hellip;]
- [Crypto Market Rate Update For Saturday, 1st October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-saturday-1st-october-2022-naira-to-usd-usdt/): Opening prices for Saturday, 1st October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,329,382.09. Sell: NGN14,125,940.15, and has increased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 980,838.72. Sell: NGN 967,771.06 and has decreased by 1.62% in [&hellip;]
- [Crypto Influencer Promoting Rug Projects Busted.](https://diutocoinnews.com/2022/09/crypto-influencer-promoting-rug-projects-busted/): Popular crypto Influencer, Lark Davis with verified Twitter account: @thecryptolark has been exposed for promoting low cap projects to his over one million followers so as to dump his token quota on them shortly after. Zach XBT, a self professed victim and survivor of crypto rug and pull scams turned 2D investigator revealed this in a recent Twitter thread. The investigator cited eight different exhibits to nail his accusations against Lark Davis. On how he unraveled Lark Davis identity as the face behind many rug and pull projects, Zach revealed that he got hold of Davis wallet address from an old [&hellip;]
- [Mara Wallet, Black Stars of Ghana Brand Sponsor Is Not Licensed; Bank Of Ghana.](https://diutocoinnews.com/2022/09/mara-wallet-not-licensed-in-ghana/): Black Stars of Ghana&#8217;s latest sponsor, Mara, a non-bank financial institution has not been licensed by the Bank of Ghana or the Security and Exchange Commission (SEC). They are not authorised to trade in cryptocurrency or bitcoins or any other non-bank financial services in Ghana, according to Bank of Ghana laws. “They [MARA] are not licensed in Ghana, and should not be advertising their services,” the bank said. GFA President, Kurt Okraku, mentioned that the sponsorship money has been paid to the association, but it is unclear which bank or accounts of the FA the money was paid to. On Friday, [&hellip;]
- [Crypto Market Rate Update For Friday, 30th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/naira-dollar-crypto-rate-30-september/): Opening prices for Friday, 30th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,474,919.72. Sell: NGN14,288,804.38, and has increased by 1.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 988,575.18. Sell: NGN 977,074.16 and has decreased by 1.62% in [&hellip;]
- [MEV Bot Loses Over $1 Million Within An Hour Of Flip Heist.](https://diutocoinnews.com/2022/09/mev-bot-loses-over-1-million-within-an-hour-of-flip-heist/): An MEV bot operator earned massive profits worth $1 million by seizing an arbitrage opportunity,however, it was tricked into authorizing a malicious transaction that resulted in a 1,100 ETH loss within an house . MEV bot, or Maximal Extractable Value bot , is an automated software technique used by validators and bot crypto operators to capture excess value from the slippage or spread enabled by on-chain transactions on decentralized blockchains. In a Twitter thread, Robert Miller, who works at the research firm Flashbots, shared how a Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de was able to earn 800 Ether [&hellip;]
- [Crypto Market Rate Update For Thursday, 29th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/naira-to-usd-crypto-rate-29-september/): Opening prices for Thursday, 29th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,422,625.13. Sell: NGN14,280,811.90, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 987,108.87. Sell: NGN 971,517.93 and has decreased by 4.62% in [&hellip;]
- [Morocco Ranks 14th Worldwide in the Latest Crypto Global Adoption Index](https://diutocoinnews.com/2022/09/morocco-ranks-14th-worldwide-in-the-latest-crypto-global-adoption-index/): Latest global crypto adoption index ranks Morocco 14th in crypto adoption worldwide, the highest ranking for any country in the Middle East and North Africa, and second only to Nigeria in Africa. Morocco recorded a Bitcoin trading volume of US$6 million, the highest in North Africa. Morocco is positioned 4th in the African continent, behind Nigeria, South Africa and Kenya. According to the 2022 Global Crypto Adoption Index from the blockchain analysis firm Chainanalysis, Morocco features on a list of the top 20 mostly emerging markets with “grassroots” crypto adoption. Also Read: Central Bank of Morocco Set To Unveil Crypto and [&hellip;]
- [Crypto Start-ups, FinTechs Face Crisis, CBN Raises Interest Rate To 15.5%](https://diutocoinnews.com/2022/09/crypto-start-ups-fintechs-face-crisis-cbn-raises-interest-rate-to-15-5/): In consideration of the galloping global and local inflationary levels, the Monetary Policy Committee of the Central Bank of Nigeria, on Tuesday, raised the benchmark interest rate from 14 to 15.5 per cent. This represents a 150-basis-point increase from the 14 per cent rate voted during the last MPC meeting in July. This is the third time the apex bank would be raising the Monetary Policy Rate, which is the same as the benchmark interest rate, in five months. The MPC had raised the rate from 11.5 to 13 per cent in May, and further to 14 per cent in July, [&hellip;]
- [Do You Want To Make Money From Remote Jobs Currently Open For Hiring?](https://diutocoinnews.com/2022/09/remote-jobs-currently-open-for-hiring/): People ask, Where is the best place to look for remote Jobs? How do I find remote work ? This will definitely help you. Are you currently searching for a remote-first job opportunity? Here are 150 tech and social impact employment opportunities for you. There are some that offer visa sponsorship. Apply if you&#8217;re interested.Do your due diligence before applying. For those who want to work from home or make supplementary income, we have compiled a list of remote-first companies from all over the world that actively hire— get your resumes and portfolio ready, optimize your LinkedIn, prepare for interviews using [&hellip;]
- [Crypto Market Rate Update For Wednesday, 28th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/naira-usd-crypto-rate-28-september/): Opening prices for Wednesday, 28th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,893,500.88. Sell: NGN13,703,556.50, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 945,234.44. Sell: NGN 936,121.88 and has decreased by 4.62% in [&hellip;]
- [Flutterwave Adds eNaira As Payment Option.](https://diutocoinnews.com/2022/09/flutterwave-adds-enaira-as-payment-option/): Flutterwave, an African payment solutions company, has announced the addition of the eNaira as a payment option for merchants, a move aimed at accelerating the adoption of digital currency. The new development is expected to complement other existing payment methods on Flutterwave like cards, bank transfers, and Barter by Flutterwave among others. Flutterwave’s users can either scan QR codes or generate one-time tokens using the app to complete transactions on its platform, and merchants can enable the eNaira payment option on their dashboard for their customers’ use. According to Olugbenga GB Agboola, founder and CEO of Flutterwave, the development would grant [&hellip;]
- [Binance Futures Trading Is Back For South African Users.](https://diutocoinnews.com/2022/09/binance-futures-trading-is-back-for-south-african-users/): Binance, leading global cryptocurrencies trading exchange, has announced the return of its futures products to eligible South African users, in a message to its users, Binance noted that it has resolved issues with the South Africa regional regulator. This is nearly a year after Binance blocked South African users from accessing its futures trading platform. Eligible South African users can now enjoy the crypto exchange&#8217;s futures and perpetual contracts trading. In a statement, the crypto exchange told its users that the type of futures products being offered has “not changed from Binance’s previous futures offering in South Africa.” Also Read: Binance [&hellip;]
- [Crypto Market Rate Update For Tuesday, 27th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/nairas-usd-crypto-market-rate-update/): Opening prices for Tuesday, 27th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,734,879.99. Sell: NGN14,493,732.41, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,006,111.94. Sell: NGN 996,650.28 and has increased by 4.62% in [&hellip;]
- [South Africa's Banking Giant, Nedbank Acquires a Village In The Metaverse.](https://diutocoinnews.com/2022/09/nedbank-south-africa-village-in-metaverse/): The South African giant financial services group, Nedbank reportedly acquired a “village” in the Ubuntu land metaverse which measures 12 by 12. The village, according to the report , will be used to showcase African creativity. This makes Nedbank one of the biggest first financial institutions on the African continent to embrace the metaverse. The financial services group has partnered with Africa rare, the creators of Ubuntu land. Speaking on Nedbank’s entry into the metaverse, Khensani Nobanda, the financial giant’s marketing and corporate affairs executive, said that her organization chose to secure space in the virtual world because it wants to [&hellip;]
- [How To Make Money During Crypto Bear Markets Or Crypto Crash.](https://diutocoinnews.com/2022/09/how-to-make-money-in-bear-market/): Seasoned crypto traders are not shaken by the crypto bear market. Crypto crashes are well exploited by old time traders who understand the tricks of making money during crypto bear markets. There is no gainsaying that the crypto market is definitely tough. It can be specially tougher for newbies who have no skills in handling the volatile crypto market. With that in mind, there are still ways and chances of making money during crypto bear markets, crypto traders just have to know where to look. This article will look at how seasoned traders navigate crypto volatile markets and still make decent [&hellip;]
- [Crypto Market Rate Update For Monday, 26th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/crypto-market-rate-update-for-monday-26th-september-2022-naira-to-usd-usdt/): Opening prices for Monday, 25th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,734,943.44. Sell: NGN13,654,277.02, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 939,547.87 .Sell: NGN 930,979.14 and has increased by 4.62% in [&hellip;]
- [Crypto Market Rate Update For Sunday, 25th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/crypto-market-rate-update-for-sunday-25th-september-2022-naira-to-usd-usdt/): Opening prices for Sunday, 25th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,802,288.44. Sell: NGN13,664,006.13, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 962,786.68 .Sell: NGN 947,056.68 and has increased by 4.62% in [&hellip;]
- [African Development Bank To Invest $618 Million In Digital Projects In Nigeria.](https://diutocoinnews.com/2022/09/african-development-bank-to-invest-in-digital-projects-in-nigeria/): The African Development Bank president Akinwumi Adesina announced that the development bank in partnership with Islamic Development Bank, and the French Development Agency will be investing $618 million in digital projects in Nigeria. The programme, which is coined Digital and Creative Enterprises Program in Nigeria, will support the creation of 225 creative start-ups and create 6.1 million jobs. The AfDB president, Akinwumi Adesina, disclosed this on Thursday during the Nigeria International Economic Partnership Forum, at the sidelines of the United Nations 77th General Assembly in New York, United States. A copy of Adesina’s speech, made available to our correspondent, also revealed [&hellip;]
- [Octopus Network Africa Meetup in Kano Nigeria: Exploring Web3 In Africa](https://diutocoinnews.com/2022/09/octopus-network-africa-meetup-in-nigeria/): Octopus Network is a multichain, interoperable crypto network for launching appchains. Its African team held its first meetup on the 18th of September 2022 in kano state. The event was aimed at increasing the awareness of Web3 in Africa, get web2 developers increased in Blockchain technology and showcase wonderful usecase already built on Blockchain. One hundred and seventy-five registered and the event had an attended over One-Hundred (100) participants. At the end of the event, participants were abreast of the importance of blockchain and Web3 development.&nbsp; Objectives&nbsp; To create an opportunity for young people to understand blockchain, cryptocurrency and web development. [&hellip;]
- [Crypto Market Rate Update For Saturday, 24th September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/crypto-market-rate-update-for-friday-24th-september-2022-naira-to-usd-usdt/): Saturday, 24th September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,942,171.92. Sell: 13,766,797.73, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN967,309.00 .Sell: NGN 951,563.12 and has increased by 4.62% in the last 24 hours. [&hellip;]
- [Nigerian Students, Recent Graduates To   Participate In Bloomberg Engineering Accelerators Recruitment 2022.](https://diutocoinnews.com/2022/09/nigerian-students-recent-graduates-to-participate-in-bloomberg-engineering-accelerators-recruitment-2022/): Bloomberg is expanding its conglomerate to Africa with the launch of a recruitment exercise for students and recent graduates called; Bloomberg Engineering Accelerators Recruitment Boot camp scheduled to hold in October. The recruitment process requires you to complete a HackerRank upon your application submission. This will then be followed by an interview for top candidates on day 2 &#8211; 18/08/2022. Day 1 &#8211; Bloomberg Engineering Accelerator Bootcamp on-site event in Lagos &#8211; Monday, October 17, 2022 | Victoria Island. Another interesting part of our visitation is the #techatbloomberg to provide insight about Bloomberg Engineering. This is also a practical coding + [&hellip;]
- [First Bank Suspends International Transactions On Naira Cards, Other Banks May Follow.](https://diutocoinnews.com/2022/09/first-bank-suspends-international-transactions-on-naira-cards-other-banks-may-follow/): First Bank of Nigeria says it will suspend international transactions on its naira Mastercard from September 30. In March, financial institutions reduced the international spending limit on naira cards from $100 to $20 monthly. In a recent statement to its customers, the bank said such transactions would not be available on its naira credit card, virtual card and visa prepaid naira card. “Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card for international transactions. This will take effect on 30 [&hellip;]
- [Crypto Market Rate Update For Friday, 23rd September, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/crypto-market-rate-update-for-friday-23rd-september-2022-naira-to-usd-usdt-2/): Friday, 23rd September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,070,270.76. Sell: 13,917,000.00, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN978,465.29 .Sell: NGN 969,077.46 and has increased by 4.62% in the last 24 hours. [&hellip;]
- [Internet Hackers Attack Nigerian Bank, Steal N523 Million.](https://diutocoinnews.com/2022/09/internet-hackers-steal-nigeria-bank/): Suspected internet fraudsters hacked into the server of an old generation bank and stole a whopping sum of N523,337,100,00 from a customer&#8217;s account.&nbsp; The Public Relations Officer (PPRO) of the Police Special Fraud Unit (PSFU) Ikoyi, Lagos, SP Eyitayo Johnson, disclosed this in a statement on Wednesday, September 21, 2022. Suspected internet fraudsters hacked into the server of an old generation bank and stole a whopping sum of N523,337,100,00 from a customer&#8217;s account.&nbsp; The Public Relations Officer (PPRO) of the Police Special Fraud Unit (PSFU) Ikoyi, Lagos, SP Eyitayo Johnson, disclosed this in a statement on Wednesday, September 21, 2022. The [&hellip;]
- [Nigeria, Kenya Drops Out Of Top Ten In 2022 Global Crypto Adoption Index.](https://diutocoinnews.com/2022/09/nigeria-kenya-global-crypto-adoption-2022/): The latest Chainalysis global crypto adoption index report shows that Nigeria and Kenya has dropped from top ten countries according, now ranking #11 in the world and 19 respectively. Recall that in 2021, Nigeria and Kenya ranked 6th and 5th in global crypto adoption index , with an adoption score of 0.521. Nigeria now leads in crypto adoption in Africa overtaking Kenya. Although we have seen improvements in both countries’ scores, however, their rankings have significantly dropped as both are now out of the top 10 rankings compared to last year, when Kenya and Nigeria ranked 5th and 6th respectively. As previously mentioned, [&hellip;]
- [Crypto Market Rate Update For Wednesday 22nd September 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/crypto-naira-dollar-rate-22-09-2022/): Thursday, 22nd September, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,584,430.07. Sell: 13,373,000.07, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN911,508.28 .Sell: NGN 901,210.60 and has decreased by 4.62% in the last 24 hours. BUSD: The BUSD to NGN conversion rate today is Buy: NGN719.93. Sell: 716.10, and has increased by 0.02% in the last 24 [&hellip;]
- [Crypto Scams On YouTube Bursts To 335% In First Half Of 2022.](https://diutocoinnews.com/2022/09/crypto-scams-youtube-grows-335/): Crypto scams that promises unbelievable giveaways have grown into a dark web market and has several services designed to support fraudulent activities. The number of these YouTube domains represent an increase of 335% over the volume recorded in 2021, with the majority of operations, despite being registered with Russian entities, targeting English- and Spanish-speaking crypto investors. Group-IB, a Singaporean cybersecurity company, exposed in a report that the incidence of cryptocurrency frauds involving phony domains, which are used as welcome pages for YouTube fraud streams, skyrocketed in the first half of this year. In the first six months of this year, Group-IB [&hellip;]
- [Nigeria's Public Debt Stock Skyrockets To N42 Trillion. Legislators Express Worry.](https://diutocoinnews.com/2022/09/nigeria-public-debt-rises-n42-trillion/): The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt stock, which was N41.60 trillion ($100.07 billion) in March, rose to N42.84 trillion ($103.31 billion) by June 30, 2022. The revelation was in a statement obtained from DMO’s website on Tuesday. It explained that the total debt represents both the domestic and external debt stocks of the Federal Government, the 36 state governments, and the Federal Capital Territory (FCT).https://tribuneonlineng.com/nigerias-total-public-debt-stock-hits-n42-84t A breakdown of the debt figures released by the Debt Management Office DMO shows&nbsp;that the bulk of the federal government borrowings were done domestically, with 72.53 percent being FGN bonds. [&hellip;]
- [Mid-week’s Crypto Market Rate Update For Wednesday 21st September 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/09/crypto-usd-naira-rates-21-09-2022/): It is midweek, 21st September, 2022 for updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The&nbsp;BTC to NGN&nbsp;conversion rate today is ;&nbsp;Buy&nbsp;:&nbsp;NGN13,722,000.00.&nbsp;Sell:&nbsp;13,566,657.54, and has decreased by&nbsp;4.47%&nbsp;in the last 24 hour. Ethereum: The&nbsp;ETH to NGN&nbsp;conversion rate today is;&nbsp;Buy:&nbsp;NGN963,451.83 .Sell:&nbsp;NGN 953,479.60 and has decreased by&nbsp;2.62%&nbsp;in the last 24 hours. BUSD: The&nbsp;BUSD to NGN&nbsp;conversion rate today is&nbsp;Buy: NGN718.60.&nbsp;Sell: 714.52, and has increased by&nbsp;0.02%&nbsp;in [&hellip;]
- [Nigeria 481 Start-ups Raise $2.1 Billion, Employs 19,000; New Report Reveals.](https://diutocoinnews.com/2022/09/nigeria-fintech-start-up-report/): Around 481 technology startups were in operation across Nigeria as of September 2022, employing over 19,000 people between them, recent report shows. Disrupt Africa said these startups are also supported by a strong investment ecosystem, stressing that at least 383 individual Nigerian tech startups raised a combined $2,068,709,445 in funding between January 2015 and August 2022, more than any other country in that period. According to the Nigerian Startup Ecosystem Report 2022 from Disrupt Africa, which disclosed these, almost 50 per cent of Nigerian tech startups have undergone some form of acceleration or incubation. According to it, funding, both in terms [&hellip;]
- [Today's Crypto Market Rate Update: Naira to USD (USDT)](https://diutocoinnews.com/2022/09/todays-crypto-market-rate-update-naira-to-usd-usdt/): Welcome to a new working week today Tuesday, 20th September, 2022 for updated rates for USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The&nbsp;BTC to NGN&nbsp;conversion rate today is ;&nbsp;Buy&nbsp;:&nbsp;NGN14,009,843.15.&nbsp;Sell:&nbsp;13,794,694.14, and has increased by&nbsp;5.47%&nbsp;in the last 24 hour. Ethereum: The&nbsp;ETH to NGN&nbsp;conversion rate today is;&nbsp;Buy:&nbsp;NGN980,489.10 .Sell:&nbsp;NGN 966,050.18 and has increased by&nbsp;2.62%&nbsp;in the last 24 hours. BUSD: The&nbsp;BUSD to NGN&nbsp;conversion rate today is&nbsp;Buy: NGN715.95.&nbsp;Sell: [&hellip;]
- [Bitcoin Crash Trends As $65 Billion Wipes Off Crypto Market. Bitcoin, Ethereum Prices Sinks](https://diutocoinnews.com/2022/09/bitcoin-ethereum-crash-today-trends/): Leading cryptocurrencies Bitcoin and Ethereum are facing major bear attack today, as prices continued to plummet, with the global crypto market falling below the $1trillion (£878billion) mark losing $65 billion in value. In just the past 24 hours, Bitcoin, the leading currency on the market, fell by over 7.8 percent, falling below the $19,000 (£16,690) mark. Meanwhile, Ether, which is the coin linked to the Ethereum blockchain, and is currently the second largest cryptocurrency, plummeted by a staggering 10 percent, reaching a two-month low at $1,370 (£1146). These two major drops have plunged the global cryptocurrency market into freefall, dropping below the $1trillion mark, and [&hellip;]
- [Central African Republic Rated Among Top 5 Best Countries With Low Crypto Taxation.](https://diutocoinnews.com/2022/09/central-african-republic-crypto-tax/): In a new study by crypto analytics firm Coincub, Central African Republic is referred to as one of the best country in the world in terms of crypto taxation for residents. That is according to in-house rankings covering taxation aspects like taxes on crypto income or crypto capital gains. Released on Thursday, Coincub’s tax rankings also bring up countries like Iceland, Israel, the Philippines and Japan as the locations less favorable to crypto investors. Coincub mentioned classic tax havens or countries that offer foreign businesses and individuals minimal to no tax liability for their financial deposits, where crypto is no exception. In [&hellip;]
- [Monday Crypto Market Rate Update: Naira to USD (USDT) Rate Today 19th September.](https://diutocoinnews.com/2022/09/crypto-naira-usd-19-08-2022/): Welcome to a new working week today Monday, 19th September, 2022 for updated rates for USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,585,552.71. Sell: 13,386,000.05, and has decreased by 5.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN932,543.11 .Sell: NGN 922,859.99 and has decreased by 2.62% in the last 24 hours. BUSD: The BUSD to NGN conversion rate today is Buy: NGN715.25. Sell: [&hellip;]
- [Smart Phones Takes 37% Of Nigerians Monthly Income . 40% Nigerians Owns Smartphone.](https://diutocoinnews.com/2022/09/smartphone-nigeria-users/): According to latest report the average cost of a smartphone is about 37.46 per cent of an average monthly income in Nigeria. The report by Alliance for Affordable Internet disclosed that the average cost of a smartphone in Nigeria was N24,999. According to the A4AI, 2.5 billion people globally still paid more than 30 per cent of their monthly income to purchase the cheapest smartphones available in their markets. It noted that smartphones enabled digital participation but had been unaffordable for many worldwide, especially in low-and-middle-income countries. The A4AI said, “At present, countries are not doing enough to better understand what can [&hellip;]
- [When To Buy Crypto According To Billionaire Investor &amp; Crypto Trader.](https://diutocoinnews.com/2022/09/when-to-buy-crypto-this-week/): Billionaire investor and business man , Jeffrey Gundlach, shared his views on the global economy, stock and bond markets, and when to buy crypto this week in a recent interview. In an interview with CNBC on the sidelines of the Future Proof conference Tuesday, the billionaire explained that it is too early to jump on the crypto bandwagon as the Federal Reserve is likely to raise more interest rates. Commenting on whether it is a good time to buy cryptocurrency under the current market conditions, Gundlach believes: &#8220;I’d certainly not be a buyer today.&#8221; Gundlach is sometimes known as the Bond [&hellip;]
- [Sunday Crypto Market Rate Update: Naira to USD (USDT) Rate Today 18th September](https://diutocoinnews.com/2022/09/crypto-naira-usd-18-08-2022/): For Sunday 18th September, 2022, updated rates for USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The&nbsp;BTC to NGN&nbsp;conversion rate today is ;&nbsp;Buy&nbsp;:&nbsp;NGN14,333,174.38.&nbsp;Sell:&nbsp;14,220,302.48, and has increased by&nbsp;5.47%&nbsp;in the last 24 hour. Ethereum: The&nbsp;ETH to NGN&nbsp;conversion rate today is;&nbsp;Buy:&nbsp;NGN1,043,859.79.&nbsp;Sell:&nbsp;1,033,538.36 and has increased by&nbsp;2.62%&nbsp;in the last 24 hours. BUSD: The&nbsp;BUSD to NGN&nbsp;conversion rate today is&nbsp;Buy: NGN712.90.&nbsp;Sell: 708.85, and has decreased by&nbsp;0.02%&nbsp;in the last 24 hours. [&hellip;]
- [Bitconnect Executive Sentenced To 38 Months Over $2.4 Billion Crypto Ponzi Scheme.](https://diutocoinnews.com/2022/09/bitconnect-executive-jailed-38months/): On Friday, top executive marketer of the BitConnect cryptocurrency investment platform was sentenced to 38 months in prison for running a $2.4 billion Ponzi scheme that defrauded at least 4,500 people from 95 countries.  Glenn Arcaro pleaded guilty to fraud on 4,500 people worldwide. Founder Satish Kumbhani vanished from native India, SEC says Glenn Arcaro, 45, was sentenced Friday in in federal court in San Diego, where he pleaded guilty in September 2021. Arcaro admitted he fraudulently marketed BitConnect’s proprietary coin offering and digital currency exchange as a lucrative investment. He touted BitConnect’s phony “Trading Bot” and “Volatility Software” as guaranteed [&hellip;]
- [Weekend Crypto Market Rate Update: Naira to USD (USDT) Rate Today 17th September.](https://diutocoinnews.com/2022/09/crypto-naira-usd-17-08-2022/): For 17th September 2022, updated rates for USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,226,268.68. Sell: 14,072,079.78, and has decreased by 4.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN1,028,797.34. Sell: 1,011,754.69 and has decreased by 2.62% in the last 24 hours. BUSD: The BUSD to NGN conversion rate today is Buy: NGN715.14. Sell: 710.22, and has increased by 0.02% in the last 24 hours. USDT: [&hellip;]
- [Kuda Bank Records N6 Billion Loss At The End Of 2021 Financial Year.](https://diutocoinnews.com/2022/09/kuda-bank-loses-6billion-naira/): Kuda MFB, a fintech bank operating under the Nigerian microfinance bank licence, has been recording losses for the past two years according to new report from financial assessment organisation. By the end of the 2021 financial year, the company recorded a loss of ₦6,092,554,866 ($14,214,681), a 602% rise from the ₦868,062,000 ($2,025,295) loss it made in 2020, according to the company&#8217;s financial report. The financial report indicated that the company’s revenue increased by 4,315% from ₦72,649,000 in 2020 to ₦3,207,177,570 in 2021. However, after every expense had been deducted, the company closed the year at a net loss, with high credit [&hellip;]
- [How to Send, Receive or Withdraw Sweatcoin on Sweatcoin Wallet and Trade On Exchanges](https://diutocoinnews.com/2022/09/how-to-send-and-trade-sweatcoin/): Send Sweatcoin, a new token for the move-to-earn economy. Sweatcoin is a free app which rewards your daily steps with a new generation digital currency. You can spend on products, donate to charity or convert it into SWEAT. You can withdraw, send or transfer your Sweatcoin and sell it on exchanges where it&#8217;s listed on. This article will help you understand the steps needed to send, withdraw or transfer your Sweatcoin to any cryptocurrency exchange for trading. Sweatcoin went LIVE on crypto trading platforms. What You Must Do: You must own a Near Protocol wallet and create a Near Wallet username. [&hellip;]
- [Snapshot On 14 African Economies During The Week.](https://diutocoinnews.com/2022/09/africa-economies-performance/): Nigeria According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria&#8217;s crude oil production plunged by 10.3% to 972,000bpd in Aug-2022 from 1,083,899bpd in Jul-2022. Thus, Angola and Libya overtook Nigeria in terms of producing higher volumes of crude oil during the month under review, printing at 1.2mbpd and 1.1mbpd, respectively. According to the National Bureau of Statistics (NBS), Company Income Tax (CIT) grew by 44.5% in H1-2022. &nbsp;This indicates that Nigerian companies are gradually recovering from the effects of COVID-19, though an emerging energy crisis could obliterate the gains of pandemic recovery. A recently released Federation Account Allocation Committee, April [&hellip;]
- [Central Bank of Nigeria Upgrades eNaira.](https://diutocoinnews.com/2022/09/enaira-shutdown-temporarily-over-upgrade/): The&nbsp;Central Bank of Nigeria&nbsp;(CBN) announced that the eNaira platform the eNaira platform will be temporarily unavailable due to seasonal upgrades. The apex regulatory bank said this in a series of tweets on Thursday, adding that the platform will be back to operation in a short time. It noted that the platform is currently undergoing an upgrade to improve users’ experience. “Dear valued customers, we apologise for the current unavailability of eNaira services, which is due to an ongoing improvement maintenance activity,” it tweeted. Our technical team is working hard to complete the enhancement process in the next few hours.&nbsp; “While we [&hellip;]
- [Crypto Market Rate Update: Naira to USD (USDT) Rate Today 16th September.](https://diutocoinnews.com/2022/09/crypto-naira-usd-16-08-2022/): For Today : 16th September 2022, updated rates for USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,208,000.00. Sell: 14,050,078.14.and has decreased by 4.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN1,061,862.86. Sell: 1,045,582.44 and has decreased by 2.62% in the last 24 hours. BUSD: The BUSD to NGN conversion rate today is Buy: NGN715.30. [&hellip;]
- [Egypt's Central Bank Issues Fresh Warning Against Cryptocurrencies Trading In The Country.](https://diutocoinnews.com/2022/09/egypt-central-bank-crypto-ban/): The Central Bank of Egypt (CBE) has issued fresh warning on all types of cryptocurrencies, citing a number of risks, including high volatility, use in financial crimes, and e-piracy, the ECB also stressed that crypto is not issued or backed by the central bank or any other official authority. The Central Bank of Egypt warned that whoever violates the decision of crypto trading ban may be punished with a fine of up to LE10 million. “In the same context, the Law of the Central Bank of Egypt and the Banking System — promulgated by Law No. 194 of 2020 — prohibits [&hellip;]
- [South Africa Stablecoin Gets Management Team.](https://diutocoinnews.com/2022/09/south-africa-stablecoin-management-team/): The South African financial services giant Old Mutual has reportedly been designated the manager of the cash reserves of the local currency-backed stablecoin — the zarp. By appointing Old Mutual, one of the oldest wealth management companies in South Africa, issuers of the stablecoin hope to enhance confidence in the digital currency project, a report has said. According to a Mybroadband report, the stablecoin that Simon Dingle and Kenny Inngs founded in 2021 has been South Africa’s only bank-approved and audited stablecoin. Old Mutual’s coming on board is expected to enhance the credibility of the cryptocurrency, the report added. Remarking on the [&hellip;]
- [Nigeria Ahead of South Africa In Bitcoin Adoption In Africa.](https://diutocoinnews.com/2022/09/nigeria-leads-bitcoin-adoption-in-africa/): Nigeria had been ranked as the fastest leading country in Bitcoin adoption&nbsp; in Africa, followed by Togo, Cameroon, Cote d’Ivoire, Senegal, Kenya and South Africa, the Convener of Bitcoin Africa conference, Farida Nabourema, yesterday, said in the past five years, the industry has been the fastest on the planet and has surpassed card transactions. She said the African continent has the fastest adoption rates in the world, saying at such rate, the continent may surpass America, Europe, or even Asia. She&nbsp;noted that the maiden African Bitcoin Conference scheduled to hold in Accra, Ghana between December 3rd and 5th would attract about [&hellip;]
- [Goodbye Miners. Ethereum Merge Has  Successfully Finalized. Proof Of Stake Activated.](https://diutocoinnews.com/2022/09/ethereum-merge-has-successfully-finalized/): The long awaited modification of Ethereum known as the Merge has finally taken place, moving the digital machinery at the core of the second-largest cryptocurrency to a vastly more energy-efficient system after years of development and delay. In his tweet announcing the success of the transition, Buterin Vitaliks Ethereum CEO tweeted: &#8220;And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today. &#8220; It was no small feat swapping out one way of running a blockchain, known as proof-of-work, for another, called proof-of-stake. The payoff is potentially gigantic. Ethereum should now consume 99.9% [&hellip;]
- [Crypto Market Rate Update: Naira to USD (USDT) Rate Today 15th September.](https://diutocoinnews.com/2022/09/crypto-naira-usd-15-08-2022/): Today : 15th September 2022 updated rates for USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is NGN14,321,375.74 and has decreased by 4.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is NGN1,148,478.64 and has decreased by 2.62% in the last 24 hours. BUSD: The BUSD to NGN conversion rate today is NGN711.96 and has increased by 0.02% in the last 24 hours. USDT: The USDT to NGN conversion rate [&hellip;]
- [Beware Of These "Formarts"! Scammers Will Try To Get You Over Ethereum Merge.](https://diutocoinnews.com/2022/09/beware-of-scammers-ethereum-merge/): Unrelenting Scammers are already devising means to exploit the buzz around the Ethereum Merge to execute fresh scams targeted at crypto users, crypto developers has noted. In the next 24 hours, the &nbsp;Ethereum Merge is scheduled to take place. Steve Bassi, founder, and CEO of PolySwarm a decentralized cyber security market place, said these scams could come in the form of: fake ETH 2.0 tokens, fraudulent mining pools, and fake airdrops. Beware Of Fake Saking Pools. The Ethereum merge marks the transition from the current proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). Experts believe that for many Ether (ETH) holders, being [&hellip;]
- [Crypto Market Rate Update: Naira to USD (USDT) Rate Today 14th September](https://diutocoinnews.com/2022/09/crypto-usd-naira-rates/): Follow regularly updated rates USD &#8211; USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The&nbsp;BTC to NGN&nbsp;conversion rate today is&nbsp;NGN14,535,781.00&nbsp;and has decreased by&nbsp;8.47%&nbsp;in the last 24 hour. Ethereum: The&nbsp;ETH to NGN&nbsp;conversion rate today is&nbsp;NGN1,150,000.00&nbsp;and has decreased by&nbsp;5.62%&nbsp;in the last 24 hours. BUSD: The&nbsp;BUSD to NGN&nbsp;conversion rate today is&nbsp;NGN708.00 and has increased by&nbsp;0.01%&nbsp;in the last 24 hours. USDT: The USDT to NGN conversion rate today is NGN707.90and has increased [&hellip;]
- [Ethiopia Issues Cash Holding Limits For Travelers.](https://diutocoinnews.com/2022/09/central-bank-ethiopia-travelers-cash-holdings/): The central bank of Ethiopia recently issued a directive set to guide the currency holding limits for both the country&#8217;s local currency Birr and foreign currencies such as the US dollar for travelers entering into and departing from Ethiopia. The directive became effective on September 5, 2022. It sets conditions and circumstances under which Ethiopian residents and non-residents may possess and use foreign currency on transit. In the official communique released by the National Bank of Ethiopia (NBE), it outlines the exact value of both the birr and foreign currency that residents may hold. “According to the directive, a person entering [&hellip;]
- [Over 45K Crypto Traders Liquidated a Total of $176million On Futures/Perpetual Contracts Trade](https://diutocoinnews.com/2022/09/future-perpetual-traders-lose-176-million/): In the past couple of days, 45,776 crypto future traders betting against the crypto market rise were liquidated, with the total liquidations coming in at $176.97 million. The largest single liquidation order happened on OKX – BTC-USD-SWAP valued at $3.50 million. On wee hours of Monday, the largest token increased by as much as 3.3%, momentarily reaching $22,000 before reversing course and trading virtually unchanged as of this writing. Smaller currencies like XRP and Solana, as well as Ether, were struggling. Bitcoin had a difficult week as it fell to a six-week low at just over $18,500 in the middle of [&hellip;]
- [Crypto Market Rate Update For Monday, 5th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-monday-5th-december-2022-naira-to-usd-usdt/): Opening prices for Monday, 5th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,919,000.00. Sell: NGN12,730,184.06, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 966,032.48. Sell: NGN 953,186.01 and has increased by 0.62% in [&hellip;]
- [Google Issues Urgent Alarm Warning To Gmail Account Users.](https://diutocoinnews.com/2022/12/google-issues-urgent-alarm-warning-to-gmail-account-users/): Google recently sent out an urgent alarm warning to all users of its Gmail platform after a shocking number of scam messages were reported. The surge in scams began around last month’s Black Friday period and have continued ever since, with the company saying it has blocked billions of unwanted emails in just a few days. The warning applies to anyone with a Gmail account, with Google calling on users to think carefully when they see new emails in their inbox, especially those which claim to promote sales. The caution is all the more important as people complete their Christmas shopping, [&hellip;]
- [Crypto Market Rate Update For Sunday, 4th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-sunday-4th-december-2022-naira-to-usd-usdt/): Opening prices for Sunday, 4th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,590,000.00. Sell: NGN12,492,840.86, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 929,790.00. Sell: NGN 925,468.81 and has increased by 0.62% in [&hellip;]
- [AAX Crypto Exchange Nigeria Consolidates Angry Users From the Nigeria.](https://diutocoinnews.com/2022/12/angry-nigerian-users-of-aax-crypto-exchange-attacks-the-companys-lagos-office/): While the Dec. 2 report by Legit does not state when the incident occurred, it nonetheless corroborates an earlier plea made by the advocacy group the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN).In its Nov. 28 public notice, SIBAN urged AAX users to stop victimizing the beleaguered crypto exchange’s workers. We appeal to and discourage any dissatisfied or angry user or investor from harassing or victimizing the AAX Country Manager (Nigeria), other local staff members, and AAX ambassadors nationwide. These persons are also facing the same situation as disgruntled users and investors are. The advocacy group also revealed that the [&hellip;]
- [South Africa Begins Taxation On All Crypto Related Businesses.](https://diutocoinnews.com/2022/12/south-africa-begins-taxation-on-all-crypto-related-businesses/): The South African government through the lawmakers has added persons operating crypto-related businesses on the list of accountable institutions in relation to the regulatory mandate. According to a Nov. 29 Government Notice, the addition of crypto businesses to this list follows an amendment of schedules 1, 2, and 3 of the Financial Intelligence Centre Act, 2001. The changes to the Act, which came into effect on Dec. 19, were made by the South African minister of finance, Enoch Godongwana. In the notice, Godongwana names the types of crypto-related activities and operations that will be included in the list of so-called accountable [&hellip;]
- [Crypto Market Rate Update For Saturday, 3rd December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-saturday-3rd-december-2022-naira-to-usd-usdt/): Opening prices for Saturday, 3rd December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,610,138.20. Sell: NGN12,466,327.25, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 951,000.00. Sell: NGN 941,099.37 and has increased by 0.62% in [&hellip;]
- [Nigeria Finance Bill 2022 Set To Tax Cryptocurrencies.](https://diutocoinnews.com/2022/12/nigeria-finance-bill-2022-set-to-tax-cryptocurrencies/): Nigeria through the office of the president on Thursday announced The Finance Bill 2022 which it reveals will bring all sectors of the economy into the tax net, including Capital Gains Tax from digital assets, Cable Undertakings, Lottery and Gaming Businesses. The bill also contains an amendment under Chargeable Assets stating that “subject to any exceptions provided by this Act, all forms of property shall be assets for the purposes of this Act, whether situated in Nigeria or not, including Options, debts, digital assets and incorporeal property generally.” According to a statement signed late Thursday by the Senior Special Assistant to [&hellip;]
- [Nigeria SEC Says Crypto Not. A Priority In Its Policy Push For Digital Assets.](https://diutocoinnews.com/2022/11/nigeria-sec-says-crypto-not-a-priority-in-its-policy-push-for-digital-assets/): The Nigerian Securities and Exchange Commission (NSEC) recently revealed that it will only include cryptocurrencies in its digital assets agenda when regulators finally agree on the standards to protect investors, noting that crypto is not priority The commission added that cryptocurrencies are currently excluded because the exchange platforms where such digital assets are traded are operating outside of the Nigerian banking system. The commission is avoiding the digital currency as crypto exchanges do not have access to the banking platform that is needed to drive their trades in Nigeria yet, Director-General Lamido Yuguda told reporters in Lagos, the nation’s commercial hub. [&hellip;]
- [Crypto Market Rate Update For Wednesday, 30th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-wednesday-30th-november-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 30th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,789,993.26. Sell: NGN12,619,191.51, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 957,903.85. Sell: NGN 943,052.14 and has increased by 0.62% in [&hellip;]
- [It's Time To Regulate Africa Crypto Market: Experts.](https://diutocoinnews.com/2022/11/its-time-to-regulate-africa-crypto-market-experts/): Africa is one of the fastest-growing crypto markets in the world, according to Chainalysis, but remains the smallest, with crypto transactions peaking at $20 billion per month in mid-2021. Kenya, Nigeria, and South Africa have the highest number of users in the region. Many people use crypto assets for commercial payments, but their volatility makes them unsuitable as a store of value. Policymakers are also worried that cryptocurrencies can be used to transfer funds illegally out of the region and to circumvent local rules to prevent capital outflows. Widespread use of crypto could also undermine the effectiveness of monetary policy, creating [&hellip;]
- [Tech War: Apple Threatens To Yank Twitter Off App Store; Elon Musk Alleges.](https://diutocoinnews.com/2022/11/tech-war-apple-threatens-to-yank-twitter-off-app-store-elon-musk-alleges/): Late on Monday, Elon Musk accused Apple of threatening to remove Twitter from its App Store without giving a reason to the social media platform in a series of tweets he shared. Twitter’s new owner also said the iPhone maker had stopped advertising on Twitter, prompting him to ask if the tech group hated free speech. Musk revealed the potential App Store ban in a series of tweets on Monday. He tweeted: “Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why.” Musk appeared to confirm that Twitter content moderation was an issue for Apple. [&hellip;]
- [Crypto Market Rate Update For Tuesday, 29th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-tuesday-29th-november-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 29th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,817,000.00. Sell: NGN12,728,465.73, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 947,225.61. Sell: NGN 930,958.61 and has decreased by 0.62% in [&hellip;]
- [Crypto Founder Tiantian Kullander Has Died.](https://diutocoinnews.com/2022/11/crypto-founder-tiantian-kullander-has-died/): Tiantian Kullander, the co-founder of Hong Kong-based digital asset company Amber Group, died in his sleep on November 23, with the news confirmed on the company’s website. He was just 30. Kullander, known affectionately as “TT,” launched Amber in 2017 with a group of finance insiders, including former Goldman Sachs Group and Morgan Stanley workers. Before that, he worked as a trader at both finance giants, and in 2019 earned a coveted spot on the Forbes 30 Under 30 list, which recognizes the most talented ​​emerging entrepreneurs and leaders. Earlier this year, the start-up reached a staggering $3 billion valuation after [&hellip;]
- [Crypto Market Rate Update For Monday, 28th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-monday-28th-november-2022-naira-to-usd-usdt/): Opening prices for Monday, 28th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,604,222.97. Sell: NGN12,496,800.62, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 918,177.22. Sell: NGN 903,842.09 and has decreased by 0.62% in [&hellip;]
- [New Naira Notes Will Boost Monetary Policies: CBN](https://diutocoinnews.com/2022/11/new-naira-notes-will-boost-monetary-policies-cbn/): Nigerian central bank governor, Godwin Emefiele said that the recently launched naira banknotes are expected to force currency dealers to return “hoarded currency [back] into the banking system.” In a speech delivered at the new naira banknotes unveiling ceremony, Emefiele claimed that the new banknotes could potentially enhance the effectiveness of the country’s monetary policy. Besides helping return the older banknotes into circulation, the CBN governor insisted the redesigned naira banknotes are likely to bolster the bank’s financial inclusion cause. Emefiele explained: We believe that this exercise would help in increasing financial inclusion, moving towards a more cashless economy, and ensuring [&hellip;]
- [Ghana Set To Use Gold To Buy Petroleum To Forestall Cedi Depreciation.](https://diutocoinnews.com/2022/11/ghana-set-to-use-gold-to-buy-petroleum-to-forestall-cedi-depreciation/): Samuel A. Jinapor, the Ghanaian minister for lands and natural resources said that large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian government’s plan to stop the further dwindling of the country’s foreign exchange reserves. Following the revelation that Ghana plans to buy oil products using gold, Samuel A. Jinapor, the country’s minister for lands and natural resources, announced on Nov. 25 that starting in 2023, large-scale mining companies “shall sell twenty per cent (20%) of all refined gold at [&hellip;]
- [Crypto Market Rate Update For Sunday, 27th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-sunday-27th-november-2022-naira-to-usd-usdt/): Opening prices for Sunday, 27th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,900,000.00. Sell: NGN12,812,067.76, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 947,037.30. Sell: NGN 938,183.77 and has decreased by 0.62% in [&hellip;]
- [Crypto Market Rate Update For Saturday, 26th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-saturday-26th-november-2022-naira-to-usd-usdt/): Opening prices for Saturday, 26th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,952,976.91. Sell: NGN12,851,520.02, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 949,941.41. Sell: NGN 942,938.10 and has decreased by 0.62% in [&hellip;]
- [Nigeria Crypto Exchange Lays Off Staff Following Tight Economy In The Crypto Ecosystem.](https://diutocoinnews.com/2022/11/nigeria-crypto-exchange-lays-off-staff-following-tight-economy-in-the-crypto-ecosystem/): Quidax one of the leading Nigeria native cryptocurrency exchange has announced that it laid off twenty staff making it 25% of its workforce in a bid to meet up with the dwindling situation of the economy The company first slashed its workers’ salaries by 30% in August this year, while the layoffs came as the last straw. With the crisis bedeviling the crypto industry which is still battling with the effects of the collapse of the world’s second-largest crypto Exchange, FTX, Quidax clarified that its layoffs have no connection with the FTX saga, as it has “no relationship with FTX”. In [&hellip;]
- [Binance Adds $1 Billion To Crypto Recovery Fund To Keep Crypto Ecosystem Afloat, Following FTX Collapse.](https://diutocoinnews.com/2022/11/binance-adds-1-billion-to-crypto-recovery-fund-to-keep-crypto-ecosystem-afloat-following-ftx-collapse/): Binance, the largest cryptocurrency exchange on Thursday, announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX&#8217;s calamitous bankruptcy. Binance said in an article published on it&#8217;s website that it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at a point in time in the future &#8220;if the need arises,&#8221; the company added. It has also received $50 million in commitments from crypto-native investment firms including Jump Crypto, Polygon Ventures, and Animoca Brands. Binance CEO Changpeng Zhao shared the public [&hellip;]
- [Central Bank of Nigeria Raises Interest Rate Again To 16. 5% To Curb Inflation.](https://diutocoinnews.com/2022/11/central-bank-of-nigeria-raises-interest-rate-again-to-16-5-to-curb-inflation/): The Monetary Policy Committee of the Central Bank of Nigeria voted Tuesday to increase the benchmark interest rate by 100 basis points to 16.5 per cent, the highest since 2001. The CBN Governor, Godwin Emefiele, disclosed this while reading the communique of the last MPC meeting of the year on Tuesday, November 22, 2022. The MPC said the tightening would curb a higher rate of inflation and restore investors’ confidence. Last week, Nigeria’s inflation rate reached a five-year high at 21.09 percent amid soaring food prices. The monetary policy rate (MPR) is the baseline interest rate in an economy, every other [&hellip;]
- [Bitcoin Investment In Nigeria Grows By 5%](https://diutocoinnews.com/2022/11/bitcoin-investment-in-nigeria-grows-by-5/): Nigerians’ investment in Bitcoin grew by over five per cent in 2022 despite the cryptocurrency losing $562.93bn of its market value in the same year. This year, 2022, has been a bad year for BTC and other cryptocurrencies, with the general market capitalisation of the crypto economy losing over $1tn in 2022, and crypto exchanges such as FTX going under. The market cap of BTC has dropped from $875.94bn as of December 2021 to $313.01bn as of November 20, 2020. Prices have fallen from $46,306.45 to $16,291.83 within the time under review. This has not deterred Nigerians as they upped their [&hellip;]
- [Nigeria Unveils New Naira Currency Notes.](https://diutocoinnews.com/2022/11/nigeria-unveils-new-naira-currency-notes/): Nigeria&#8217;s President, Muhammadu Buhari has unveiled the new currency notes on Wednesday morning before the federal executive council (FEC) meeting at the state house, Abuja. At a briefing after the ceremony before the Federal executive council meeting, the CBN governor debunked insinuations that the early unveiling of new notes is a means to target any Nigerian. Mr Emefiele appealed to members of the public that there is no need to perpetuate any such information. According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawals. He maintained that there will be heavy restrictions on the volume [&hellip;]
- [Crypto Market Rate Update For Wednesday, 23rd November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-wednesday-23rd-november-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 23rd November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,861,340.94. Sell: NGN12,725,420.28, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 929,058.99. Sell: NGN 894,765.00 and has decreased by 0.62% in [&hellip;]
- [Crypto Market Rate Update For Tuesday, 22nd November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-tuesday-22nd-november-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 22nd November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,450,000.00. Sell: NGN12,302,616.13, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 879,773.02. Sell: NGN 853,628.98 and has decreased by 0.62% in [&hellip;]
- [Top 6 Richest Nigerians Made It To Forbes Billionaire Club 2022](https://diutocoinnews.com/2022/11/top-6-richest-nigerians-made-it-to-forbes-billionaire-club-2022/): The number of Nigerians that have been featured on Forbes for the sheer magnitude of their net worth alone has not been as ample. While it&#8217;s arguable that due to a lack of proper data systems, Forbes can’t accurately list the richest people in the country, it is inarguable that Forbes chooses to feature people whose affluence cannot be disputed. In retrospect, the list below features highly wealthy billionaires that have caught the attention of Forbes. Below is a list of the 5 richest Nigerians that have been featured on Forbes in the past decade. Aliko Dangote: Aliko Dangote is a [&hellip;]
- [Kenya Moves To Create Laws To Tax Crypto.](https://diutocoinnews.com/2022/11/kenya-moves-to-create-laws-to-tax-crypto/): Kenyan legislators are currently deciding whether or not to move ahead on a law that would allow for taxing crypto, Business Daily reported on Monday.The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto investors in Kenya would have to pay capital gains tax to the Kenya Revenue Authority when they sell or use their crypto in a transaction. The bill would also require investors to inform the Capital Markets Authority; the government&#8217;s financial regulator, on the details of their crypto ownership. Also Read: Kenya Crypto Ecosystem Expects Favourable Policies From The [&hellip;]
- [Venture Capital Funding For African Fintech Start-ups Drops In End Of Q3.](https://diutocoinnews.com/2022/11/venture-capital-funding-for-african-fintech-start-ups-drops-in-end-of-q3/): Fintech startups have dominated Africa’s venture capital funding ecosystem, with Nigerian startups receiving bulk of the funding, but data from CB Insights suggests that investments in the sector have dropped significantly in Q3 2022. In 2021, fintech startups raised $2 billion in funding, according to a report. In a record-breaking year for funding in the continent, 198 fintech startups raised $2 billion, a whopping 88.45% increase from the $231 million raised in 2020. Global Funding slowed down in the second quarter of 2022, all continents were affected, although it appeared that African startups were not feeling the pinch as much as [&hellip;]
- [Crypto Market Rate Update For Sunday, 20th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-sunday-20th-november-2022-naira-to-usd-usdt/): Opening prices for Sunday, 20th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,252,277.35. Sell: NGN13,024,823.95, and has increased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 474,852.34. Sell: NGN 944,428.36 and has increased by 0.62% in [&hellip;]
- [South Africa Crypto Broker OVEX Cut Ties With FTX, As FTX Loses The Country's License.](https://diutocoinnews.com/2022/11/south-africa-crypto-broker-ovex-cut-ties-with-ftx-as-ftx-loses-the-countrys-license/): South African cryptocurrency market maker OVEX has canceled and removed FTX as a juristic representative, cutting off the international exchange&#8217;s access to its local Financial Service Provider (FSP) license. This follows a run on the company by panicked customers trying to withdraw funds. The company says it was forced to suspend all withdrawals. In a statement, OVEX says it has withdrawn FTX’s authority to market offshore derivatives products in South Africa, effective from 9 November 2022. FTX was offering derivative products such as bitcoin futures in SA until OVEX terminated the relationship. Also Read: Nestcoin, Nigeria Crypto Start-up Funds Trapped In [&hellip;]
- [Crypto Market Rate Update For Saturday, 19th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-saturday-19th-november-2022-naira-to-usd-usdt/): Opening prices for Saturday, 19th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,918,048.03. Sell: NGN12,759,986.99, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 950,852.16. Sell: NGN 926,748.11 and has increased by 0.62% in [&hellip;]
- [Crypto Bootcamp Community is set to host the biggest blockchain and crypto education bootcamp.](https://diutocoinnews.com/2022/11/crypto-bootcamp-community-is-set-to-host-the-biggest-blockchain-and-crypto-education-bootcamp/): Crypto Bootcamp Community is hosting the biggest blockchain and crypto education bootcamp–Bootcamp 3.0, to help individuals skill up and access sterling opportunities in the industry. Bootcamp 3.0 is the 3rd edition of &#8220;The Crypto Bootcamp&#8221;– an annual educational event hosted by the Crypto Bootcamp Community to expose individuals to high-income digital skills in the crypto and blockchain industry. The 10-day event will take place from Monday 21st &#8211; Wednesday 30th 2022. It will endorse blockchain education across all strata of society, facilitating inclusion and mainstream adoption. The blockchain industry is arguably vast. Voted the top in-demand skill in 2020 on LinkedIn, [&hellip;]
- [El Salvador To Buy One Bitcoin Everyday, President Bukele Reveals.](https://diutocoinnews.com/2022/11/el-salvador-to-buy-one-bitcoin-everyday-president-bukele-reveals/): President of El Salvador Nayib Bukele has announced that his government will start adding one bitcoin (BTC) to its holdings every day, starting from November 18. Bukele made the pronouncement in the early hours of Thursday. The recent declaration underlines the El Salvadoran president’s confidence in the firstborn crypto amid market turbulence. El Salvador, the first country to make BTC legal tender in September of last year, currently holds about 2,381 BTC following a series of purchases that began with a 400 BTC procurement a day before it adopted the asset as legal tender. Despite the growing unrealized losses the country [&hellip;]
- [Crypto Market Rate Update For Thursday, 17th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-thursday-17th-november-2022-naira-to-usd-usdt/): Opening prices for Thursday, 17th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,368,572.32. Sell: NGN13,190,519.33, and has decreased by 0.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 982,425.67. Sell: NGN 961,814.50 and has increased by 0.62% in [&hellip;]
- [Nestcoin, Nigeria Crypto Start-up Funds Trapped In FTX Exchange Collapse, Announces Job Cuts.](https://diutocoinnews.com/2022/11/nestcoin-nigeria-crypto-start-up-funds-trapped-in-ftx-exchange-collapse-announces-job-cuts/): Nestcoin, Nigerian crypto, NFT and gaming startup revealed on Monday that its operational funds raised from investors were trapped in FTX, Bankman-Fried’s crypto exchange collapse, announcing job cuts to ameliorate the financial challenges facing the startup. The communication from Nestcoin CEO reads; &#8220;…last week&#8217;s event had an impact on us, as we held out assets (cash and stablecoins) at FTX to manage our operational expenses. …simply custodied our assets on FTX exchange&#8221; the statement partly reads. An investor in crypto, gaming and digital art, Nestcoin raised $6.45mn in an early funding round, with backers that included Alameda Research, Bankman-Fried’s trading shop. [&hellip;]
- [Crypto Market Rate Update For Tuesday, 15th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-tuesday-15th-november-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 15th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,216,341.60. Sell: NGN13,007,000.00, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 997,526.89. Sell: NGN 973,733.22 and has decreased by 2.62% in [&hellip;]
- [CZ Binance Advocates For Crypto Self Custody, Soaring Trust Wallet Token Price.](https://diutocoinnews.com/2022/11/cz-binance-advocates-for-crypto-self-custody-soaring-trust-wallet-token-price/): Changpeng &#8220;CZ&#8221; Zhao, the CEO of leading cryptocurrency exchange Binance has called on members of the crypto community to take personal control of their digital assets using Trust Wallet, sending the app&#8217;s native token, TWT, to a record high. &#8220;Self-custody is a fundamental human right,&#8221; Zhao tweeted Sunday. &#8220;You are free to do it at any time. Just make sure you do it right.&#8221;Zhao&#8217;s push for self-custody comes as investors rethink how to keep their assets safe in the wake of cryptocurrency exchange FTX&#8217;s collapse and a subsequent hack that drained $600 million worth of coins from its wallets. Acquired by [&hellip;]
- [Crypto Prices Fall As Investors Withdraw Funds From Crypto Exchanges.](https://diutocoinnews.com/2022/11/crypto-prices-fall-as-investors-withdraw-funds-from-crypto-exchanges/): Prices of Bitcoin and Ether fell along with other major cryptocurrencies through most of Monday trading as the bankruptcy of Bahamas-based cryptocurrency exchange FTX.com on Friday raised questions about the finances of other crypto trading platforms. Hong Kong’s AAX exchange said on Sunday it had suspended trading for 10 days, citing the failure of a third-party partner, which it didn’t identify. The exchange said it has no exposure to FTX. Singapore-based exchange Crypto.com was also the subject of speculation it may be in trouble. “There is a lot of fallout still to come on the back of what we’ve seen over [&hellip;]
- [Crypto Market Rate Update For Monday, 14th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-monday-14th-november-2022-naira-to-usd-usdt/): Opening prices for Monday, 14th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,821,414.63. Sell: NGN12,638,944.78, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 966,865.19. Sell: NGN 938,776.90 and has decreased by 2.62% in [&hellip;]
- [Nigeria Invites Shareholders, Depositors Of Failed Banks To Come And Receive Their Claims.](https://diutocoinnews.com/2022/11/nigeria-invites-shareholders-depositors-of-failed-banks-to-come-and-receive-their-claims/): The Nigeria Deposit Insurance Corporation (NDIC) has urged shareholders, creditors and depositors of the 20 failed banks to come for verifications and payment of their liquidation dividend. NDIC, in its determination to secure depositors’ funds, had declared 100 percent liquidation dividends in 20 failed banks and invited depositors of those banks to come forward with their claims. Managing Director of NDIC, Bello Hassan, while addressing the media at the ongoing Lagos International Trade Fair, yesterday, stated that the corporation has realised enough funds to fully pay all depositors of the banks. Represented by the Director of Corporate Communications and Public Affairs, [&hellip;]
- [Crypto Market Rate Update For Sunday, 13th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-sunday-13th-november-2022-naira-to-usd-usdt/): Opening prices for Sunday, 13th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,299,652.77. Sell: NGN13,057,312.24, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 986,560.30. Sell: NGN 969,380.09 and has decreased by 2.62% in [&hellip;]
- [Top African Fintech Apps For Easy Transborder Sending And Reception Of Money.](https://diutocoinnews.com/2022/11/top-african-fintech-apps-for-easy-transborder-sending-and-reception-of-money/): The changing landscape of business and the workplace, the japa fever has created needs for transborder transactions. Which could be for tuition payment, savings or fund remittance to native country. Regarding restrictions, most platforms used for international transactions such as WorldRemit, PayPal and Payoneer are either completely unavailable to Africans or limited. For example, PayPal allows Nigerian users to send but block them from receiving money Financial powerhouses like Western Union and MoneyGram have always handled this, but they fall short when timing, cost, and convenience are considered. However, the growing number of financial technology companies has transformed money transfers in [&hellip;]
- [Naira Appreciates Against Dollar Amidts Crypto Market Chaos.](https://diutocoinnews.com/2022/11/naira-appreciates-against-dollar-amidts-crypto-market-chaos/): After two weeks of depreciation against foreign currencies, the naira has rebounded in the parallel market, where it was trading for around N730 to a dollar. On Thursday night (local time), bureaux de change (BDC) owners in Abuja reported that they were selling the naira for N740 to the dollar. The amount reflects an N145 gain over the N885 it traded on Monday. However, the Central Bank of Nigeria (CBN) has insisted that the parallel market accounts for less than 1% of FX transactions and should never be utilized to set the value of the naira. Analysts say the release of [&hellip;]
- [Crypto Market Rate Update For Friday, 11th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-friday-11th-november-2022-naira-to-usd-usdt/): Opening prices for Friday, 11th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,420,793.85. Sell: NGN12,212,430.16, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 920,901.79. Sell: NGN 886,201.97 and has decreased by 2.62% in [&hellip;]
- [Crypto Market Rate Update For Wednesday, 9th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-wednesday-9th-november-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 9th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,321,093.36. Sell: NGN14,982,412.87, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,118,067.13. Sell: NGN 1,051,040.90 and has decreased by 2.62% in [&hellip;]
- ["I Will Create 30 Million Jobs Through Crypto," Nigeria's Presidential Candidate.](https://diutocoinnews.com/2022/11/i-will-create-30-million-jobs-through-crypto-nigerias-presidential-candidate/): In a recent TV appearance, the presidential candidate of Nigeria’s Social Democratic Party (SDP) – Adewole Adebayo – vowed to solve the nation’s unemployment problems by deploying various technologies, including blockchain and digital currencies. The 50-year-old lawyer said he had discussed the idea with the US Black Chamber of Commerce and the National Chamber of Commerce. He has worked as a broad adviser for people part of these organizations, assuring they have created numerous job positions across the globe in the past years: “I told them, ‘Look, you know we have done these things before in many countries, and I have [&hellip;]
- [Binance Allows Nigeria Crypto Traders To Withdraw And Deposit Naira.](https://diutocoinnews.com/2022/11/binance-allows-nigeria-crypto-traders-to-withdraw-and-deposit-naira/): Binance, on Monday announced that the crypto exchange company will begin to accept naira deposits and withdrawals. This entails that Nigerian crypto traders can now deposit and withdraw the local currency from their Binance Wallets. A brief statement by the company, seen by Nairametrics, explained that the decision to add a fiat gateway for the naira is in furtherance of its mission to increase the crypto adoption rate in the country. The statement read, “Binance is pleased to announce that it has added a fiat gateway for Nigerian Naira (NGN) as part of Binance’s mission to increase the adoption and mainstream [&hellip;]
- [Crypto Market Rate Update For Tuesday, 8th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-tuesday-8th-november-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 8th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,129,034.40. Sell: NGN16,934,181.19, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,284,286.47. Sell: NGN 1,264,225.26 and has increased by 2.62% in [&hellip;]
- [Binance To Liquidate Its Entire FTX (FTT) Token As Part of Its Holdings Worth $2.1 Billion.](https://diutocoinnews.com/2022/11/binance-to-liquidate-its-entire-ftx-ftt-token-as-part-of-its-holdings-worth-2-1-billion/): The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token as part of its holdings worth $2.1billion. Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, noting the sale of its tokens could take months to complete due to the size of its position. In a Nov. 6 tweet, Zhao said the decision was made after “recent revelations that have came to light.” In a later tweet, CZ explained the FTT liquidation was “just post-exit risk management” referring to lessons learned from the fall of [&hellip;]
- [EFCC Warns That Racsterli, MMM, Others Are Ponzi Schemes.](https://diutocoinnews.com/2022/11/efcc-warns-that-racsterli-mmm-others-are-ponzi-schemes/): Nigeria&#8217;s Economic and Financial Crime Commission EFCC has warned recently in a twitter post that Racsterli, MMM, Galaxy, and Brad Crash as Ponzi schemes used to defraud unsuspecting public. The commission, in a Twitter post, cautioned that the public should beware of online investment schemes that promise high returns within a short space. It stated, “Do not fall victim to these online investments. It’s a Ponzi scheme! Know that no investment gives those fantastic returns. No let Yahoo boys run your street!!!&#8221; Racsterli, an investment platform introduced by Michael Chidiebere Oti, also known as Black Gold, broke so many hearts. Also [&hellip;]
- [Crypto Market Rate Update For Monday, 7th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-monday-7th-november-2022-naira-to-usd-usdt/): Opening prices for Monday, 7th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN18,049,000.00. Sell: NGN17,893,757.77, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,373,987.93. Sell: NGN 1,361,552.41 and has increased by 2.62% in [&hellip;]
- [Bank Of Ghana Maintains Ban On Dollar Price Quotations, Following Call Out By Actress Lydia Forson.](https://diutocoinnews.com/2022/11/bank-of-ghana-on-dollar-price-quotation/): Recently, the Bank of Ghana warned businesses quoting U.S. dollar prices that the practice remains prohibited, noting that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition to naming and shaming businesses violating the law, a Ghanaian actress urged the central bank to stop Ghanaians from operating USD accounts. Following shortages of foreign exchange and currency depreciation, which continue to weigh on the Ghanaian economy, the country’s central bank has again warned businesses displaying prices in U.S. dollars that the cedi is the sole [&hellip;]
- [Crypto Market Rate Update For Sunday, 6th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-sunday-6th-november-2022-naira-to-usd-usdt/): Opening prices for Sunday, 6th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN18,019,820.71. Sell: NGN17,461,000.00, and has decreased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,361,183.81. Sell: NGN 1,329,753.57 and has increased by 2.62% in [&hellip;]
- [Nigerian Federal Govt To Train 30,000 Nigerians On Blockchain.](https://diutocoinnews.com/2022/11/nigerian-federal-govt-to-train-30000-nigerians-on-blockchain/): Federal government of Nigeria has said it plans to educate over 30,000 people about blockchain technology. The scholarship training, which will be conducted by the National Information Technology Development Agency (NITDA), is intended to hasten the adoption of the tech and make Nigeria a leading player in the blockchain industry. According to a report by Radio Nigeria, the announcement was made by the director-general of NITDA, Kashifu Inuwa, who encouraged Nigerians to take advantage of the scholarships which have been made available for this purpose. Inuwa also suggested the purpose of the government’s push to train many Nigerians is to ensure [&hellip;]
- [Crypto Market Rate Update For Saturday, 5th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-saturday-5th-november-2022-naira-to-usd-usdt/): Opening prices for Saturday, 5th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN18,500,000.00. Sell: NGN18,309,000.00, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,450,331.28. Sell: NGN 1,419,449.83 and has increased by 2.62% in [&hellip;]
- [Elon Musk To Close Twitter Africa Office.](https://diutocoinnews.com/2022/11/elon-musk-to-close-twitter-africa-office/): Elon Musk Twitter job cuts are set to end the social media company&#8217;s physical presence in Africa as Twitter Ghana, the only office of the organization in Africa is set to close. It may also put an end to expectations by the Nigerian government that Twitter intends to open an office as part of supposed agreements that the microblogging will have more presence in Africa’s most populous country. The content moderation unit in Twitter office in Ghana are among the most affected and sources say there is more to come. The Ghana office was opened in April 2021 to serve as [&hellip;]
- [Zimbabwe Set To Launch Digital Currency, Draws On Nigeria Experience On Cryptocurrency Plan.](https://diutocoinnews.com/2022/11/zimbabwe-to-launch-digital-currency/): The deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed with plans to launch its own digital currency. In addition to sending a team to learn from the Central Bank of Nigeria’s experiences. Zimbabwe is drawing lessons from Nigeria as it pursues plans for its own central bank digital currency and won’t be deterred by lackluster interest shown in that country. The slow uptake of the eNaira, Africa’s first CBDC, is unlikely to sway Zimbabwe’s decision-making, according to Innocent Matshe, deputy governor of the southern African nation’s Reserve Bank. Preparations remain in place to [&hellip;]
- [Crypto Market Rate Update For Friday, 4th November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-friday-4th-november-2022-naira-to-usd-usdt/): Opening prices for Friday, 4th November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,800,000.00. Sell: NGN17,767,999.98, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,358,684.38. Sell: NGN 1,347,391.82 and has increased by 2.62% in [&hellip;]
- [CBN Asks University Students To Pay School Fees With eNaira, As Nigeria CBDC Records 8 Billion Worth Of Transactions. Tops PwC Global CBDC chart.](https://diutocoinnews.com/2022/11/nigeria-students-to-pay-school-fees-with-enaira/): The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the eNaira has recorded 700,000 transactions valued at N8 billion since its inauguration on Oct. 25, 2021. The apex regulatory bank asked university students to pay school fees with eNaira, the advice came during a sensitization on eNaira at the University of Lagos, Akoka, Lagos. Director, Information Technology Department at the CBN and Coordinator, Technical Working Committee, eNaira Secretariat, Rakiya Muhammed, said the campaign was part of efforts by the apex bank to ensure that no group of Nigerians is denied the opportunity of accessing the digital currency. Emefiele revealed [&hellip;]
- [Amazon Web Services Opens Office In Nigeria.](https://diutocoinnews.com/2022/11/amazon-web-services-opens-office-in-nigeria/): An Information Technology firm, Amazon Web Services, Inc. (AWS) says it has opened its first office in Lagos, Nigeria. AWS, a subsidiary of Amazon, offers website hosting, backup, digital marketing, analytics, application integration, blockchain, networking, and other related services to clients worldwide. A statement on Tuesday by Ms Amrote Abdella, the firm’s Regional Manager, of Sub-Saharan Africa, said the office was to reinforce its commitment to Africa. Abdella said that the new Lagos office was part of AWS’s support for the growing number of customers and partners in Nigeria. “With a local presence, AWS will support new and existing customers looking [&hellip;]
- [Crypto Market Rate Update For Thursday, 3rd November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-thursday-3rd-november-2022-naira-to-usd-usdt/): Opening prices for Thursday, 3rd November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,530,999.99. Sell: NGN17,214,149.39, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,336,031.87. Sell: NGN 1,312,633.14 and has increased by 2.62% in [&hellip;]
- [Africa Fintech Records Highest Number Of Deals Closed Year After Year: MasterCard Latest Research.](https://diutocoinnews.com/2022/11/africa-fintech-records-highest-number-of-deals-closed-year-after-year-mastercard-latest-research/): Report findings of a new Mastercard study, African fintech startups, whose number grew from 311 in 2019 to 564 in 2021, accounted for “61% of the USD 2.7 billion deployed across Africa in 2021.” The findings also show that fintechs’ share “of the record-high number of deals closed” in that year was 27%. In comparison with the $131.5 billion that was raised globally, African fintech’s share of the total remains very low — just over 1% of the 2021 total. However, in terms of the funding growth rate, the study noted that the continent — the Sub-Saharan Africa region in particular [&hellip;]
- [Zimbabwe's University To Develop Central Bank Digital Currency.](https://diutocoinnews.com/2022/11/zimbabwes-university-to-develop-central-bank-digital-currency/): The vice chancellor, Harare Institute of Technology in Zimbabwe, Quinton Kanhukamwe has revealed that it is developing a central bank digital currency (CBDC). Kanhukamwe stated the proposed CBDC would aid in the eradication of issues such as currency manipulation, cash hoarding and unlawful foreign exchange trades. In an address at the graduation ceremony, also attended by Zimbabwean President Emmerson Mnangagwa, Kanhukamwe explained how the blockchain-based CBDC could bring those not using banks into the established banking system in his remarks. “Many times, the unbanked population believes that the traditional financial sector is only there to rip off all their earnings. It [&hellip;]
- [Crypto Market Rate Update For Wednesday, 2nd November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-wednesday-2nd-november-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 2nd November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,241,329.68. Sell: NGN17,005,413.62, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,327,147.00. Sell: NGN 1,319,746.81 and has increased by 2.62% in [&hellip;]
- [Top Cryptos To Buy Now, May Surge In Price This November.](https://diutocoinnews.com/2022/11/top-cryptos-to-buy-now-may-surge-in-price-this-november/): Dogecoin (DOGE), the canine-inspired meme token often associated with electric-vehicle-tycoon-turned-Twitter-owner Elon Musk, was the top performer in October among the 150 digital assets in the CoinDesk Market Index (CMI). The DOGE price rose 101% during the month, vastly outpacing the 7% climb in the CMI overall. Bitcoin (BTC), the largest cryptocurrency by market value, was up 5.5% on the month, while No. 2 ether (ETH) gained 18%. Digital-asset analysts attributed the big jump in DOGE to Musk’s dramatic $44 billion takeover of Twitter – ostensibly tied to speculation that the deal might somehow, eventually, bring value or utility to the Dogecoin [&hellip;]
- [Crypto Market Rate Update For Tuesday, 1st November, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/11/crypto-market-rate-update-for-tuesday-1st-november-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 1st November, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN16,679,890.00. Sell: NGN16,643,909.62, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,301,104.50. Sell: NGN 1,287,002.33 and has increased by 2.62% in [&hellip;]
- [Here Are The Few Things You Need To Know About The Introduction Of The New Naira Notes.](https://diutocoinnews.com/2022/10/here-are-the-few-things-you-need-to-know-about-the-introduction-of-the-new-naira-notes/): The Central Bank of Nigeria (CBN) will introduce new 200, 500 and 1000 notes into circulation on December 15th, 2022, phasing out the existing bills as legal tender on January 31st, 2023. Questions and answers. Can I exchange my new Naira notes for the old ones ? No. There is no currency exchange program available and you can only get the new naira notes when you withdraw cash from your bank account(s). All old 200, 500 and 1,000 Naira notes must be deposited into an existing or new Zenith Bank account. What do I do with the old 200, 500 and [&hellip;]
- [For Tech Business Owners And Potential Owners In Nigeria, This is What The New Start-up Bill Means For You.](https://diutocoinnews.com/2022/10/for-tech-business-owners-and-potential-owners-in-nigeria-this-is-what-the-new-start-up-bill-means-for-you/): Technology in Nigeria is a fast-growing industry that has gained momentum in the last few years. Its prospects have led states like Nasarawa and Kaduna to prioritize the creation of technology villages in order to harness the growth potential of their tech sector. International organizations like Google have also had eyes on Nigeria and went ahead to open a Developer’s Space office in Lagos in 2020. Even the former CEO of Twitter, Jack Dorsey visited Nigeria on an African tour in 2019 to engage with stakeholders in the industry and identify areas for collaboration. Africa’s leading tech companies like Flutterwave and [&hellip;]
- [Crypto Market Rate Update For Monday, 31st October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-monday-31st-october-2022-naira-to-usd-usdt/): Opening prices for Monday, 31st October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN16,381,153.54. Sell: NGN16,296,507.15, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,267,314.33. Sell: NGN 1,256,612.79 and has increased by 2.62% in [&hellip;]
- [Jack Dorsey Sets Up New Decentralized Social Platform, Bluesky, To Rival Sold Twitter.](https://diutocoinnews.com/2022/10/jack-dorsey-sets-up-new-decentralized-social-platform-bluesky-to-rival-sold-twitter/): Bluesky, the new decentralized social network platform built by Twitter founder Jack Dorsey, has already received 1000,000 signups over the past 48 hours – and that’s just for its waitlist. The company opened its waitlist on Tuesday and said in a tweet that it will be &#8220;rolling out invites to the private beta in stages” due to “overwhelming interest.” Bluesky wants to build a &#8220;social internet&#8221; and help users avoid data silos that most commonly exist across internet applications. Its soon-to-be-released app is built on a decentralized social media protocol called the Authenticated Transport Protocol, or “AT,” which is aimed at [&hellip;]
- [English Premier League Set To Sign £30 Million Deal With Sorare NFT Platform.](https://diutocoinnews.com/2022/10/english-premier-league-set-to-sign-30-million-deal-with-sorare-nft-platform/): Top England’s professional soccer/football league, The Premier League is readying to expand its exposure to non-fungible tokens (NFTs) through a potential partnership with NFT fantasy soccer game Sorare that could be worth some £30 million ($34.6 million) per year. The cooperation is to be discussed today during a meeting of club executives and company representatives, UK broadcaster Sky News reported. Under the potential multi-year contract, the Premier League’s 20 clubs will allow their fans to purchase NFTs with the digital depictions of top athletes such as Manchester United’s Cristiano Ronaldo, Harry Kane of Tottenham Hotspur, and Manchester City’s Erling Haaland, among [&hellip;]
- [DogeCoin Did Numbers Following Elon Musk Twitter Acquisition. Speculations Rife On Launch Of Twitter Crypto Wallet.](https://diutocoinnews.com/2022/10/dogecoin-twitter-crypto-wallet/): Dogecoin’s (DOGE) price rallied in the past 24 hours to its best levels in two months as traders assessed Twitter’s potential to create a cryptocurrency wallet product. Elon Musk fuels Dogecoin rally again. DOGE’s price jumped to $0.081 on Oct. 27. The price gained roughly 40% two days after Jane Manchun Wong, a popular tech blogger, claimed that Twitter is working on a wallet prototype that supports cryptocurrency deposits and withdrawals. Elon Musk is the thread that connects Dogecoin and Twitter. Earlier this year, the Tesla and SpaceX CEO won the bid to purchase Twitter for $44 billion. Later, on April [&hellip;]
- [Crypto Market Rate Update For Saturday, 29th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-saturday-29th-october-2022-naira-to-usd-usdt/): Opening prices for Saturday, 29th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN16,150,000.00. Sell: NGN16,009,612.74, and has increased by 2.52% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,234,894.80. Sell: NGN 1,216,889.88 and has increased by 2.62% in [&hellip;]
- [Elon Musk Fires Twitter CEO Parag Agrawal, Set To Reinstate Trump's Account As Elon Takes Over Twitter.](https://diutocoinnews.com/2022/10/elon-musk-fires-twitter-ceo-parag-agrawal-set-to-reinstate-trumps-account-as-elon-takes-over-twitter/): Elon Musk finally became Twitter’s owner late Thursday as his $44 billion deal to take over the company officially closed, marking a new era for one of the world’s most influential social media platforms. In part of his first moves, he fired several top Twitter executives, according to three people familiar with the matter who spoke on the condition of anonymity to discuss sensitive matters. One of those confirmed the deal was complete. CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were let go, according to the people. Sean Edgett, the [&hellip;]
- [Crypto Market Rate Update For Friday, 28th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-friday-28th-october-2022-naira-to-usd-usdt/): Opening prices for Friday, 28th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,859,566.54. Sell: NGN15,589,785.77, and has decreased by 0.2% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,165,502.55. Sell: NGN 1,155,048.48 and has increased by 2.62% in [&hellip;]
- [Nigeria's CBDC, The eNaira Not Fully Accepted, One Year After Launch.](https://diutocoinnews.com/2022/10/nigerias-cbdc-the-enaira-not-fully-accepted-one-year-after-launch/): Nigeria celebrated the e-naira’s first anniversary on October 25, critics claim that the average Nigerian has not adopted Africa’s first central bank digital currency (CBDC). They point to the e-naira wallet’s relatively low number of downloads as well as the still-growing use of cryptocurrencies when remitting funds or making cross-border payments. In August, Bitcoin.com News reported that between January and June this year, peer-to-peer bitcoin traded volumes on Paxful alone amounted to nearly $400 million. The figure is more than half the $760 million that was recorded in the whole of 2021. According to Paxful, Nigerians were resorting to cryptocurrencies and [&hellip;]
- [Cameroon Losses 12.2 Billion To Cybercrime: Report Shows.](https://diutocoinnews.com/2022/10/cameroon-losses-12-2-billion-to-cybercrime-report-shows/): The National Agency for Information and Communication Technologies (ANTIC) reported that cybercrime caused financial losses of CFA12.2 billion to the Cameroonian economy in 2021, which is double the losses reported in 20192. These losses were primarily due to scamming and phishing which is a technique used by fraudsters to obtain personal information to perpetrate identity theft amounted to CFA6 billion. 2 To ensure its customers’ money is protected, WorldRemit has taken a proactive stance toward prevention. For instance, it refuses to work with correspondent partners who lack adequate controls for combating fraud and financial crime. We implement risk-based controls for customers [&hellip;]
- [Crypto Market Rate Update For Thursday, 27th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-thursday-27th-october-2022-naira-to-usd-usdt/): Opening prices for Thursday, 27th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,980,000.08. Sell: NGN15,844,427.47, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,197,249.73. Sell: NGN 1,186,557.36 and has increased by 2.62% in [&hellip;]
- [CBN To Release New Redenominated / Redesigned Naira Notes](https://diutocoinnews.com/2022/10/cbn-to-release-new-redenominated-redesigned-naira-notes/): The Central Bank of Nigeria is set to release new naira of the N200, N500 and N1000 notes in a bid to control money supply. Godwin Emefiele, Governor, CBN revealed this on Wednesday during a press briefing where he said the new Naira notes will be in circulation from December 15th after president Muhammadu Buhari launches the new notes. He added effective January 31, 2023, the old notes will cease to be a legal tender. Henceforth, bank charges on deposits will be suspended as old naira notes are remitted back to the banks. …details later
- [CBN Gives Go Ahead To Dollar Sales By Payment Service Banks.](https://diutocoinnews.com/2022/10/cbn-gives-go-ahead-to-dollar-sales-by-payment-service-banks/): The Central Bank of Nigeria (CBN) has published guidelines for the supervision of payment service banks. The framework gave the PSB operators the ability to sell foreign currency, particularly dollars, to authorized foreign exchange dealers, among other things. The CBN framework also authorized PSBs to accept deposits from individuals and small businesses, which will be covered by the deposit insurance scheme; and to provide payments and remittances (including inbound cross-border personal remittances) through various channels within Nigeria. According to the framework, operators are supposed to use technology to offer services that the unbanked population and those who live in remote corners [&hellip;]
- [Crypto Market Rate Update For Wednesday, 26th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-wednesday-26th-october-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 26th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,434,787.98. Sell: NGN15,264,717.99, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,130,000.00. Sell: NGN 1,123,345.61 and has increased by 2.62% in [&hellip;]
- [Fintech Is The Leading Driver In Nigeria Start-up Ecosystem, Research Reveals.](https://diutocoinnews.com/2022/10/fintech-is-the-leading-driver-in-nigeria-start-up-ecosystem-research-reveals/): Fintech is the leading sub-sector of the Nigerian startup space, both in terms of levels of activity and amounts of funding secured, according to the Nigerian Startup Ecosystem Report 2022, released by startup-focused news and research company Disrupt Africa, which utilises Disrupt Africa’s datasets, expertise and networks to document what startups are doing in the country, who is making investments, and who is providing ecosystem support. It is released in partnership with Quona Capital, a venture firm focused on fintech that can expand access for underserved customers and small businesses in emerging markets; Sabi, Africa’s leading provider of commercial infrastructure for [&hellip;]
- [Naira Falls To $760 Against Dollar In Crypto P2P Transaction Rate.](https://diutocoinnews.com/2022/10/naira-falls-to-760-against-dollar-in-crypto-p2p-transaction-rate/): The naira has continued its free fall across the exchange markets as Nigeria’s foreign exchange (forex) remained depressed amidst shortage of dollars and growing demand for the USD. Post-trading data at the end of Monday showed that the naira during the week depreciated at both the official and parallel markets. At the official Investors and Exporters (I &amp; E) window of the Central Bank of Nigeria (CBN), the naira depreciated by 29 basis points to N441.67 per dollar. At the parallel market, the naira fell faster by 700 basis points to N760.00 per dollar. Nigeria’s external reserves had declined by 0.6 [&hellip;]
- [Crypto Market Rate Update For Tuesday, 25th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-tuesday-25th-october-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 25th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,746,908.34. Sell: NGN14,639,307.30, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,023,833.04. Sell: NGN 1,018,122.98 and has increased by 2.62% in [&hellip;]
- [How First Bitcoin Phone To Phone Transfer With Nokia N900 Revolusionalises Cryptocurrency.](https://diutocoinnews.com/2022/10/first-bitcoin-phone-to-phone-transfer/): Satoshi’s Bitcoin is nearing its 14-year anniversary, which will occur on January 3, 2023, and to date, the Bitcoin network has been functional 99.98777985271% of the time since its inception on January 3, 2009. During the first few years of Bitcoin’s life, the ecosystem had very little infrastructure compared to today’s plethora of crypto exchanges and bitcoin wallets. The protocol’s second Bitcoin client in the network’s history, Bitcoin was published on January 9, 2009, and prior to the announcement of Bitcoin, everyone had to leverage a full node client, also known as Bitcoin-Qt. When Satoshi Nakamoto created Bitcoin, the full node [&hellip;]
- [Crypto Market Rate Update For Monday, 24th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-monday-24th-october-2022-naira-to-usd-usdt/): Opening prices for Monday, 24th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,580,999.99. Sell: NGN14,502,888.67, and has increased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,013,506.46. Sell: NGN 1,005,573.52 and has increased by 2.62% in [&hellip;]
- [Nigeria's Presidential Candidate Of APC Promises a Review of Blockchain and Crypto Policy If Elected.](https://diutocoinnews.com/2022/10/nigerias-presidential-candidate-of-apc-promises-a-review-of-blockchain-and-crypto-policy-if-elected/): Nigeria&#8217;s 2023 Presidential contestant for the ruling party&#8217;s APC, Asiwaju Bola Tinubu has promised to set up an advisory committee to review regulations that govern blockchain and virtual asset services if it wins in the upcoming elections. The All Progressives Congress also said it “will work with the Central Bank and the financial sector to carefully review and better optimize the exchange rate regime.” In its recently unveiled manifesto, Nigerian presidential aspirant Asiwaju Bola Tinubu’s party — the All Progressives Congress (APC) — said it plans to “establish an advisory committee to review the existing regulatory environment governing blockchain technology and [&hellip;]
- [Men Sentenced For Using Sim Swapping To Steal Cryptocurrencies.](https://diutocoinnews.com/2022/10/men-sentenced-for-using-sim-swapping-to-steal-cryptocurrencies/): Two men from Massachusetts, USA, were sentenced last Wednesday for an extensive scheme to take over victims’ social media accounts and steal their cryptocurrency using techniques such as “SIM swapping,” computer hacking, and other methods. Meiggs and Harrington targeted at least 10 identified victims around the country. Members of the conspiracy allegedly stole approximately $330,000 in cryptocurrency from these victims. Meiggs allegedly took control of two victims’ “OG” accounts with social media companies. Eric Meiggs, 24, of Brockton, was sentenced to two years and one day in prison. Declan Harrington, 22, of Beverly, was sentenced to two years and seven days [&hellip;]
- [Crypto Market Rate Update For Sunday, 23rd October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-sunday-23rd-october-2022-naira-to-usd-usdt/): Opening prices for Sunday, 23rd October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,488,999.00. Sell: NGN14,373,006.40, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 987,041.05. Sell: NGN 978,899.78 and has increased by 2.62% in [&hellip;]
- [Crypto Traders Get In Here. What Are Crypto Traders Doing Now That Volatility Has Reduced ?](https://diutocoinnews.com/2022/10/crypto-traders-get-in-here-what-are-crypto-traders-doing-now-that-volatility-has-reduced/): Apart from dangling the opportunity to get rich quickly, one of the biggest attractions for crypto traders was the ability to profit from wild price swings. Now with volatility all but gone &#8212; at least for now &#8212; both professionals and amateurs are altering their strategies as the crypto winter drags on. A volatility gauge for Bitcoin has dropped in recent days to its lowest level since April, reaching 61 on Friday. That’s a far cry from the 140 it hit in May amid the collapse of the Terra stablecoin ecosystem. After surging to an all-time high of almost $69,000 in [&hellip;]
- [Crypto Market Rate Update For Saturday, 22nd October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-saturday-22nd-october-2022-naira-to-usd-usdt/): Opening prices for Saturday, 22nd October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,481,000.00. Sell: NGN14,380,198.23, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 980,256.49. Sell: NGN 973,230.68 and has increased by 2.62% in [&hellip;]
- ["The Lord Of The Rings" NFT Set To Debut As Warner Bros Teams Up With Web 3 Startup Eluvio.](https://diutocoinnews.com/2022/10/the-lord-of-the-rings-nft-set-to-debut-as-warner-bros-teams-up-with-web-3-startup-eluvio/): Film production company, Warner Bros. Discovery has partnered with blockchain company Eluvio to launch tomorrow “The Lord of the Rings: The Fellowship of the Ring” (Extended Version) web3 movie experience, with limited-edition multimedia non-fungible token (NFT) versions of the movie. “The Fellowship of the Ring” NFTs feature a 4K UHD, 3-hour-and-48-minute extended version of the 2001 film, over eight hours of bonus footage and commentary, image galleries and hidden AR collectibles. There are two editions that fans can choose from. Warner Bros. and Eluvio are minting 10,000 copies of the Mystery Edition, priced at $30 each, which comes with one of [&hellip;]
- [Nigeria To Convert It's N20 Trillion Central Bank Loan Into Bond](https://diutocoinnews.com/2022/10/nigeria-to-convert-its-n20-trillion-central-bank-loan-into-bond/): The Nigerian government is to restructure its record N20 trillion debt to the central bank to bonds repayable in 40 years with interest rate of 9%, . The borrowing, added to the Nigerian government’s debt figure estimated at N42.8 trillion at mid-year, sums the government’s entire debt up to N62.8 trillion or $143.6 billion. The credit, obtained through Ways and Means Advances – a facility granted by central banks to help government bridge temporary funding gaps subject to regulatory limits, has run up for years, standing at N789.6 billion when the current administration started in 2015. The Buhari government borrowed some [&hellip;]
- [Crypto Market Rate Update For Friday, 21st October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-friday-21st-october-2022-naira-to-usd-usdt/): Opening prices for Friday, 21st October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,388,921.38. Sell: NGN14,274,900.90, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 971,446.69. Sell: NGN 962,723.27 and has increased by 2.62% in [&hellip;]
- [Nigeria's President Signs Startup Bill Into Law.](https://diutocoinnews.com/2022/10/nigerias-president-signs-startup-bill-into-law/): President Muhammadu Buhari has signed the Nigeria Startup Bill into law, the Minister of Communications and Digital Economy, Isa Pantami disclosed this after a meeting with the President at Aso Villa today. He disclosed that the startup bill passed the national assembly on July 20, 2022, was initiated by the executive arm and seeks to create an enabling environment for tech-based startups in Nigeria. Pantami further revealed that the law which holds huge benefits for the Nigerian economy, adopted an approach to allow startups to identify business challenges and voice them out. Based on the provisions of the law, the Federal [&hellip;]
- [Crypto Classified As Financial Product, In South Africa's Latest Adoption Move.](https://diutocoinnews.com/2022/10/crypto-classified-as-financial-product-in-south-africas-latest-adoption-move/): All Crypto assets henceforth will be identified as financial products in South Africa, to make it easier for regulators to monitor the market and help to safeguard consumers according to the nation&#8217;s Financial Sector Conduct Authority. The Financial Sector Conduct Authority is a financial institutions market conduct regulator and a successor agency to the Financial Services Board (South Africa) in South Africa. It defines “a digital representation of value” in a gazette notice published on Wednesday. A crypto asset isn’t issued by the central bank, but can be traded, transferred or stored electronically for purposes of payment, investment or other forms [&hellip;]
- [Crypto Market Rate Update For Wednesday, 19th October, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/10/crypto-market-rate-update-for-wednesday-19th-october-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 19th October, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN14,489,458.83. Sell: NGN14,367,828.73, and has decreased by 3.47% in the last 24 hour. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 978,729.02. Sell: NGN 971,128.18 and has increased by 2.62% in [&hellip;]
- [Bitcoin Is Now In Guinness Book of Records As First Decentralized Cryptocurrency.](https://diutocoinnews.com/2022/10/bitcoin-is-now-in-guinness-book-of-records-as-first-decentralized-cryptocurrency/): Cryptocurrency believed to be created by Satoshi Nakamoto and blockchain network, Bitcoin, has made into 2022 Guinness World Records (GWR), giving recognition to Satoshi Nakamoto’s invention as bitcoin is considered the “first decentralized cryptocurrency.” Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records. Guinness World Records has been formally recording records from various human achievements and extreme natural events for [&hellip;]
- [Six African Start-ups Made Finals In Ecobank Fintech Challenge.](https://diutocoinnews.com/2022/10/six-african-start-ups-made-finals-in-ecobank-fintech-challenge/): Six African fintech companies have been announced as finalists of this year’s Ecobank Fintech Challenge, and will now compete for a top prize of US$50,000 and admission to the Ecobank Fintech Challenge Fellowship program Ecobank is a leading independent pan-African banking group that serves over 32 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. Its annual Fintech Challenge offers early-stage and mature startups the potential to partner with Ecobank across those 33 countries, and is now in its fifth year. Fintech startups that are aligned with the bank’s strategic objectives stand a chance to win [&hellip;]
- [Ghana Cedi Falls Like Luna and Worst Performing Currency Against USD](https://diutocoinnews.com/2022/10/ghana-cedi-falls-like-luna-and-worst-performing-currency-against-usd/): The Ghanaian cedi incessant falls, has made it to become the worst performing currency in the world after it lost 45.1 percent of its value to the US dollar this year. A Luna coin was going for around $116 in April and ended up dropping to a fraction of a penny before being delisted. Before that, the coin went from being worth less than $1 in early 2021 to creating many crypto millionaires within a year. The Luna fall into inexistence can comparatively describe the current woes cedi is facing. According to news report, the currency of the world’s second-biggest cocoa [&hellip;]
- [<strong>Nigerian Startups Among 11 African Startups Selected For Pitch Round Of Africa Accelerator Programme.&nbsp;</strong>](https://diutocoinnews.com/2023/03/nigerian-startups-among-11-african-startups-selected-for-pitch-round-of-africa-accelerator-programme/): A total of eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai.&nbsp; The MultiChoice Africa Accelerator programme, the brainchild of the MultiChoice Group and part of the MultiChoice Innovation Fund, in collaboration with Dubai-based business incubator Companies Creating Change (C3), technical partner EOH, and Galelo Africa, has been designed as a platform to help grow startup businesses from across Africa. The first phase of the programme saw public and private-sector partners in each country nominating businesses or entrepreneurs for the programme. From there, 29 of the [&hellip;]
- [<strong>Nigeria In 5th Position Among Countries With High Interest In Crypto.&nbsp;</strong>](https://diutocoinnews.com/2023/03/nigeria-in-5th-position-among-countries-with-high-interest-in-crypto/): A new study from cryptocurrency betting experts cryptobetting.org showed that Nigerians have high interest in the asset class. The study also showed that Nigeria is the only African country in the top 20, with the next African country, Kenya, placing 29 on the list. “The study combined Google trends searches across the globe to see the highest number of countries searching for Bitcoin, alongside this, we obtained data on how many Bitcoin ATMs there are in each country, divided by a population of 100 thousand. Lastly, we obtain data on Crypto ownership per country.&nbsp; We used all these different metrics to [&hellip;]
- [<strong>Binance P2P MarketPlace Will Now Support More New African Currencies Without Third Parties.&nbsp;</strong>](https://diutocoinnews.com/2023/03/binance-p2p-marketplace-will-now-support-more-new-african-currencies-without-third-parties/): Crypto Exchange&nbsp; platform Binance has announced that its peer-to-peer (P2P) marketplace will now support more African currencies, including Liberian dollar (LRD), Sierra Leonean leone (SLL), Gambian dalasi (GMD), Mauritanian ouguiya (MRO), and Cape Verdean escudo (CVE).&nbsp; Users in these regions can now transact with other users in their local currencies without a third party or intermediary. Users can also trade and post trade advertisements in the newly supported currencies or directly trade BTC with other users at zero fees. Director for Binance in West and East Africa, Nadeem Anjarwalla, said, “Binance has continued to remain committed to increasing the adoption and [&hellip;]
- [<strong>eNaira CBDC: Central Bank of Nigeria Introduces Voucher And USSD Features.</strong>](https://diutocoinnews.com/2023/03/enaira-cbdc-central-bank-of-nigeria-introduces-voucher-and-ussd-features/): The Central Bank of Nigeria (CBN) has announced the development of eNaira enhanced services to address challenges faced by unbanked Nigerians. The initiative enables customers to use the unstructured supplementary service data (USSD) code *997*50# to carry out all banking transactions. Also, customers are able to fund their eNaira wallets with cash-purchased vouchers like GSM recharge cards or from a funded bank account. Bayo Akintoye, founder/chief executive officer of Bullnet platform, announced the development at a media parley on Thursday in Lagos. Akintoye said that the service, fully run and powered by the Bullnet platform, was aimed at soothing the pains [&hellip;]
- [<strong>Twitter Users Can Now Buy Twitter Coins Through Stripe.&nbsp;</strong>](https://diutocoinnews.com/2023/02/twitter-users-can-now-buy-twitter-coins-through-stripe/): Twitter, apparently, has started the beta rollout of its Twitter Coins to certain users. A few Twitter users reported being able to buy Twitter Coins since Feb. 22. Rumors of Twitter releasing its own token started circulating in December 2022. A Twitter user who goes by ‘Tree of Alpha’ said a pack of 150 Twitter Coins priced at $1.99 became available for purchase on Wednesday. The only available payment method is Stripe, the user added. CEO of IBC Group Mario Nawfal previously said that Twitter Coins, when launched, would allow users to reward Tweets. App researcher Nima Owji posted a screenshot [&hellip;]
- [<strong>Central Bank Plans To Add More Telecom Network On eNaira Digital Currency Platform.</strong>](https://diutocoinnews.com/2023/02/central-bank-plans-to-add-more-telecom-network-on-enaira-digital-currency-platform/): The Central Bank of Nigeria (CBN) has announced that it is working to include other telcos on the Central Bank Digital Currency (CBDC) eNaira platform to widen its adoption and acceptance nationwide. Currently, eNaira transactions are only enabled on MTN and 9mobile network but that will soon change if everything goes according to plan. This is as the CBN has urged more businesses to adopt the eNaira for transactions and trade, especially using Unstructured Supplementary Service Data (USSD), which it stated has almost no downtime. The Coordinator, eNaira, CBN, Ms. Rakiya Mohammed said this yesterday at a media parley which also [&hellip;]
- [Market <strong>Rate Update Tuesday, 28th February, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/02/market-rate-update-tuesday-28th-february-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 28th February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews.&nbsp; Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 17,600,000.02. Sell: NGN 17,489,211.08, and has increased by 0.04% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,234,622.91. Sell: NGN 1,215,425.42 and has increased by [&hellip;]
- [<strong>Crypto Market Rate Update Saturday, 25th February, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/02/crypto-market-rate-update-saturday-25th-february-2023-naira-to-usd-usdt/): Opening prices for Saturday, 25th February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 17,249,158.03. Sell: NGN 17,395,932.62, and has decreased by 0.04% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,216,000.00. Sell: NGN 1,195,509.15 and has decreased by [&hellip;]
- [<strong>Nigeria Loses $706,452 To Cyber Ransomes: Survey</strong>.&nbsp;](https://diutocoinnews.com/2023/02/nigeria-loses-706452-to-cyber-ransomes-survey/): A recent survey report carried out by a global cyber security firm Sophos shows that a total of $706,452 has been paid in ransom to cybercriminals by Nigerian businesses.&nbsp; According to Sophos, in The State of Ransomware 2022 report, Industrial Control Safety Systems (ICSS) in critical infrastructure are increasingly exposed to cyber-attacks because of the digitization drive of the industry. The report showed that as supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), and other control systems become connected to the Internet to allow greater business efficiency (remote process monitoring, system maintenance, process control, and production data analysis)-Industry [&hellip;]
- [<strong>African Fintechs Record 39.3% Rise In Investment, Brings In $1.3 Billion.</strong>](https://diutocoinnews.com/2023/02/african-fintechs-record-39-3-rise-in-investment-brings-in-1-3-billion/): Fintech sector in Nigeria, South Africa, Kenya and others was the most attractive to investors in 2022, receiving almost $1.5 billion in funding during the year, making up 43.4 per cent of all startup investments into the continent. The startup investments that came to Africa in 2022, according to Disrupt Africa in its African Tech Startups Funding Report, were $3.3 billion. The report noted that in all, 205 fintech startups raised funding, with Nigerian fintechs making up almost 40 percent of startups and 46 percent of fintech funding. African unicorn Flutterwave led the pack with a $250 million raise, followed by [&hellip;]
- [<strong>Nigeria Missing As Kenya, South Africa Leads In Global Innovation Index Report 2022.&nbsp;</strong>](https://diutocoinnews.com/2023/02/nigeria-missing-as-kenya-south-africa-leads-in-global-innovation-index-report-2022/): Mauritius, South Africa, Botswana, Kenya and Morocco, in latest inovative economies global report, ranked far above Nigeria in Africa as countries with the most innovative economies. This is according to the World Intellectual Property Organisation’s (WIPO’s) Global Innovation Index (GII) 2022, which was released on Monday. The GII2022 report tracks the current state of global innovation and identifies areas where innovation is essential to drive the creation of ideas, businesses, and solutions that address challenges faced by citizens, including support for entrepreneurship, food security and local food production, digital innovation for the future of work, and energy solutions. In the report, [&hellip;]
- [<strong>Nigeria eNaira CBDC Facing Challenges, CBN Contracts US Firm To Improve The Digital Currency.&nbsp;</strong>](https://diutocoinnews.com/2023/02/nigeria-enaira-cbdc-facing-challenges-cbn-contracts-us-firm-to-improve-the-digital-currency/): Following continuous actions&nbsp; to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology. According to a Bloomberg report, the CBN is in talks with new ‘technology partners’ to develop a new and enhanced system to manage the eNaira. It was reported that the apex bank had discussed the plans with the New York-based technology firm, R3. The report claimed that the new software for the eNaria would be created to allow the CBN to have complete control over the initiative. It was also noted that the effort [&hellip;]
- [<strong>The African Development Bank’s Coding for Employment Program Opens Second Center in Kenya</strong>](https://diutocoinnews.com/2023/02/the-african-development-banks-coding-for-employment-program-opens-second-center-in-kenya/): The African Development Bank has opened a second Information and Communications Technology Centre of Excellence at the United States International University-Africa in Nairobi. This marks an important milestone for the Bank’s Coding for Employment program, and its growing partnerships with higher education and technical and vocational education and training institutions. Representatives from Kenya’s Office of the President joined officials from United States International University-Africa and the African Development Bank Group for the opening ceremony held on 1 February. “This Center of Excellence is just one example of the Bank’s commitment to supporting the next generation of African leaders, entrepreneurs, and innovators. [&hellip;]
- [<strong>Again! Chipper Cash Lays Off Staff, Halts Crypto-Related Services.&nbsp;</strong>](https://diutocoinnews.com/2023/02/again-chipper-cash-lays-off-staff-halts-crypto-related-services/): Chipper Cash, an African cross-border payments platform carried out a second round of staff layoff last Friday barely ten weeks after it cut approximately 12.5% of its workforce, affecting its engineering team the most. The company’s V.P. of revenue shared the news on LinkedIn, saying “all areas” across Chipper Cash’s markets were impacted this time. “Friday was a sad day for Chipper Cash, as many talented people were let go,” his post read.&nbsp; “For my network: there is an incredibly talented pool of individuals across the U.S., U.K., South Africa, Nigeria, Kenya, and more. They are all highly experienced in managing [&hellip;]
- [<strong>Zambia Is Set To Regulate And Open To Use Crypto Technologies.</strong>](https://diutocoinnews.com/2023/02/zambia-is-set-to-regulate-and-open-to-use-crypto-technologies/): The central bank of Zambia and the country’s Securities and Exchange Commission SEC said that they are in the process of checking out technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said.&nbsp; According to his remarks published on the ministry’s website, Mutati argued that Zambia needs to regulate this “revolutionary technology” because it encapsulates “the future the country desires to achieve.” Mutati also revealed that the testing of the regulatory technology will soon be upscaled as part of measures to help Zambia attain an “inclusive digital economy.”&nbsp; In addition, the minister said Zambia, which is [&hellip;]
- [<strong>Kenya Moves To Legalise Crypto.</strong>](https://diutocoinnews.com/2023/02/kenya-moves-to-legalise-crypto/): Kenya&#8217;s Senators move to legalise various virtual monies, such as cryptocurrencies, received a major boost after the Senate resolved to develop frameworks for their operation in the country. The Senate Standing Committee on Information, Communication and Technology on Thursday, February 16, resolved to engage the Central Bank of Kenya (CBK) to recognise digital currencies as legal tenders. Led by Trans Nzoia Senator Allan Chesang, the standing committee also publicised plans to engage other stakeholders to develop policies regarding virtual assets, services providers and the use of crypto in Kenya. While defending the move, the senate committee argued that the policy frameworks [&hellip;]
- [<strong>Crypto Market Rate Update Friday, 17th February, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/02/crypto-market-rate-update-friday-17th-february-2023-naira-to-usd-usdt/): Opening prices for Friday, 17th February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews.&nbsp; Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 17,989,320.52. Sell: NGN 17,760,141.66, and has decreased by 0.05% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,258,176.12. Sell: NGN 1,242,232.93 and has decreased by [&hellip;]
- [<strong>Nigeria Gains $976 Million Of Africa's $3.3 Billion Tech Startup Investments</strong>.&nbsp;](https://diutocoinnews.com/2023/02/nigeria-gains-976-million-of-africas-3-3-billion-tech-startup-investments/): Following the news of&nbsp; two Nigerian start-ups winning $300,000 at LEAP tech conference pitch in Riyadh Nigeria attracted the largest technology startup investments in Africa in 2022, according to a new report. Indeed, of the $3.3 billion investment that Africa attracted, Nigeria was the apple of investors’ eyes, especially the fintech sub-sector, where some 180 startups raised combined $976 million – substantially ahead of all other countries on both counts for the second year running. According to the 2022 African Tech Startups Funding Report, released at the weekend by Disrupt Africa, Nigeria’s startups make up 28.4 per cent of Africa’s total [&hellip;]
- [<strong>Binance Stablecoin, BUSD Faces Scrutiny In The US.&nbsp;</strong>](https://diutocoinnews.com/2023/02/binance-stablecoin-busd-faces-scrutiny-in-the-us/): Paxos Trust Company, the firm behind Binance&#8217;s stablecoin, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform, as New York Securities asks the firm to stop minting USD. In a statement on Monday, Paxos said it disagreed with the SEC&#8217;s allegations that Binance USD is a security and is &#8220;prepared to vigorously litigate if necessary.&#8221; The move represents one of the SEC’s first actions on stablecoins, though Chair Gary Gensler has previously said he believes some stablecoins to be securities. The [&hellip;]
- [<strong>Top 6 Web3 Social Media Apps To Watch.&nbsp;</strong>](https://diutocoinnews.com/2023/02/top-6-web3-social-media-apps-to-watch/): Latest report by consumer intelligence firm Talkwalker shows decentralized social media platforms are shaping up to have the biggest impact on social media channels in 2023. This move toward decentralized networks is expected to grow as users seek greater control over their data and privacy. Major Tech companies have reached high valuations and mammoth user bases, all while collecting personal data of their users. D evelopers and digital natives are now demanding safer platforms that protect their data and offer them total ownership and creative liberty over everything they post online. “These startup decentralized networks may not take over in 2023, [&hellip;]
- [<strong>Crypto Market Rate Update Monday, 13th February, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/02/crypto-market-rate-update-monday-13th-february-2023-naira-to-usd-usdt/): Opening prices for Monday, 13th February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN16,450,000.00. Sell: NGN16,311,465.09, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,153,702.29. Sell: NGN 1,133,954.05 and has decreased by 0.02% in [&hellip;]
- [<strong>Nigerian Photography Raises Alarm Over Unauthorized Listing Of Her Work As NFT On Opensea.&nbsp;&nbsp;</strong>](https://diutocoinnews.com/2023/02/nigerian-photography-raises-alarm-over-unauthorized-listing-of-her-work-as-nft-on-opensea/): A Nigerian professional photographer took to Twitter to raise alarm over an attempt to sell her viral photo as NFT by an authorized retailer on Opensea NFT platform.&nbsp; The photographer Esther Umoh, who is the official photographer for Peter Obi&#8217;s presidential campaign rally uploaded a viral picture of Peter Obi in a motorcade procession on the streets of Lagos with a young boy standing in front of the presidential candidate with enthusiasm.&nbsp; Hours after the photo went viral, it was listed for sale on Opensea by a user &#8220;1A5F6F&#8221; under an untitled collection and labelled &#8220;The New Nigeria &#8221; for&nbsp; 0.5 [&hellip;]
- [<strong>3 Fallacy People Have About Starlink Entrance Into Nigeria Internet Service Providing Space.</strong>](https://diutocoinnews.com/2023/02/3-fallacy-people-have-about-starlink-entrance-into-nigeria-internet-service-providing-space/): Nigerians are pleased to see Elon Musk’s Starlink come into Nigeria as an upstart competitor to the established internet service providers in the country. The thought of Starlink providing faster internet speed at lower costs is quite exciting. However, there are a number of misconceptions which need to be cleared up concerning the introduction of the superfast Starlink in Nigeria. Here are a few: 1. Mistake: Starlink is a big competitor for mobile networks in Nigeria Truth : The Starlink internet hardware is designed to be set up for homes or offices, whereas most Nigerians access the internet on mobile. This [&hellip;]
- [<strong>Wicrypt, Nigeria Blockchain Internet Sharing Start-up And RiceAfrka Tech Wins $150k Each At Global Pitch Competition In Saudi Arabia.</strong>](https://diutocoinnews.com/2023/02/wicrypt-nigeria-blockchain-internet-sharing-start-up-and-riceafrka-tech-wins-150k-each-at-global-pitch-competition-in-saudi-arabia/): Nigerian delegation, led by Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), accompanied by Director General of NITDA, Kashifu Inuwa, Executive Vice Chairman, Nigerian Communication Commission, Prof. Umar Garba Danbatta and Managing Director, Nigerian Communication Satellite, Engr.&nbsp; Tukur Muhammad Funtua, who participated at the 2nd edition of the LEAP Technology Exhibition in Riyadh, Saudi Arabia, as two Nigerian startups emerged winners in different categories at the Rocket Fuel Pitch Competition, and are coming home with a combined total prize of $300,000 (Three Hundred Thousand Dollars). Over 10,000 Startups submitted applications from different countries. After rigorous scrutiny, the applicants [&hellip;]
- [<strong>Web 3.0: The decentralized internet of the future? What you need to know&nbsp;</strong>](https://diutocoinnews.com/2023/02/web-3-0-the-decentralized-internet-of-the-future-what-you-need-to-know/): The internet is a significant technological advancement that has been around for years.&nbsp; You wouldn&#8217;t have had access to this article if the internet hadn&#8217;t been invented, which serves as a good example of how inventive the internet is. Web1 and Web2 have given way to Web3 in the evolution of the internet. W eb3.0 is now the hot thing in the crypto industry despite the fact that it is still in its infancy. Web3, the new form of internet, has a variety of capabilities that can be added to improve upon earlier internet technologies. It brings significant improvement to technology [&hellip;]
- [<strong>South Africa's Net Foreign Reserves Hits $54.844 Billion, As The Nation's Currency Rand Appreciates Against Dollar.&nbsp;</strong>](https://diutocoinnews.com/2023/02/south-africas-net-foreign-reserves-hits-54-844-billion-as-the-nations-currency-rand-appreciates-against-dollar/): South Africa&#8217;s net foreign reserves rose to $54.844 billion in January from $53.827 billion in December, the Reserve Bank said on Tuesday. Gross reserves also increased to $61.864 billion in January from $60.570 billion in December. The forward position, which represents the central bank&#8217;s unsettled or swap transactions, rose to $0.555 billion from $0.554 billion. In similar news, South Africa&#8217;s rand firmed in early trade on Thursday, as investors awaited President Cyril Ramaphosa&#8217;s State of the Nation address, which could offer some solution to ease a worsening power crisis. At 0700 GMT, the rand ZAR=D3 traded at 17.7100 against the dollar, [&hellip;]
- [<strong>Nigerian Fintechs To Be Listed on NGX, As Advisory Panel Announced.&nbsp;</strong>](https://diutocoinnews.com/2023/02/nigerian-fintechs-to-be-listed-on-ngx-as-advisory-panel-announced/): Nigerian Exchange Limited (NGX) has set up the NGX Digital and Technology Products Advisory Panel. The Panel would provide a forum for the Exchange to interact with the capital market community and the fintech ecosystem to enhance and increase NGX’s digital product offerings. Responsibilities of the Panel include but are not limited to providing insight into product innovation and proposing ways to increase technology listings on NGX; recommending ways to boost data and digital market liquidity; providing thought leadership by developing whitepapers, creating frameworks and making recommendations; and a host of advisory matters like market trends, risks and sentiments. It will [&hellip;]
- [<strong>Lagos, Ibadan Leads As Top African Crypto Hubs Among Top 50 Global Crypto Thriving Cities&nbsp;</strong>](https://diutocoinnews.com/2023/02/lagos-ibadan-leads-as-top-african-crypto-hubs-among-top-50-global-crypto-thriving-cities/): A recent research released by Recap, a global financial research organisation shows that among the 50 top cities leading in crypto adoption, 6 African cities made the list. Among these African cities, two are Nigeria&#8217;s cities; Lagos and Ibadan which topped other African cities on the table.&nbsp; Lagos was 14 on the list while Ibadan took the 24th position. Other African countries that made the list includes: South Africa&#8217;s Cape Town (30) and Angola&#8217;s Luanda (38). Also South Africa&#8217;s&nbsp; Pretoria and Johannesburg made 42 and 46 position respectively.&nbsp; Recap expert researchers have examined eight key data points determining crypto-readiness of the [&hellip;]
- [<strong>Crypto Addicts Can Now Receive Treatment In Rehab Centres.&nbsp;</strong>](https://diutocoinnews.com/2023/02/crypto-addicts-can-now-receive-treatment-in-rehab-centres/): The pandemic and a volatile crypto market have spurred a trading frenzy in digital currencies. And now, luxury rehab centres are cropping up around the world, promising to treat &#8220;crypto addiction&#8221;. Most of the rehab centres discovered appear to be of the luxe variety, and also offer treatment for other addictions: narcotics, alcohol and eating disorders. Three rehab centres and two addiction clinics that were contacted said they have received hundreds of related queries in the past two years. But addiction experts are sceptical whether crypto trading warrants such an exorbitant intervention. &#8220;The treatment for crypto addiction is similar to other [&hellip;]
- [<strong>Kenya Withdraws Financial Misconduct Case Against Flutterwave</strong>.&nbsp;](https://diutocoinnews.com/2023/02/kenya-withdraws-financial-misconduct-case-against-flutterwave/): Kenyan authorities have dropped charges of financial misconduct and corruption against Flutterwave Inc., about seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. startups. According to a Kenyan High Court document revealed by a source and Flutterwave&#8217;s lawyer Robert Gitau confirmed, the charges have now been dropped. In July 2022, Peoples Gazette reported that the East African government froze the financial assets of Flutterwave going up to $56.7 million after filing criminal charges against the pan-African payment solutions firm. The firm was accused of conducting suspicious transactions and failing to [&hellip;]
- [<strong>Crypto Market Rate Update Sunday, 5th February, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/02/crypto-market-rate-update-sunday-5th-february-2023-naira-to-usd-usdt/): Opening prices for Sunday, 5th February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,460,000.01. Sell: NGN17,397,691.13, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,254,646.32. Sell: NGN 1,238,208.24 and has decreased by 0.01% in [&hellip;]
- [<strong>A Whopping $3.8 Billion In Crypto Lost To Scammers In 2022: Chainalysis</strong>.](https://diutocoinnews.com/2023/02/a-whopping-3-8-billion-in-crypto-lost-to-scammers-in-2022-chainalysis/): Latest report shows that a record $3.8 billion worth of cryptocurrency was stolen from various services last year, with much of those thefts driven by North Korean-linked hackers, according to a report Wednesday from blockchain analytics firm Chainalysis. The increase in crypto heists, from $3.3 billion in 2021, came as the overall market for cryptocurrencies suffered significant declines. The value of Bitcoin, for example, fell by more than 60% last year. North Korea was a key driver for the surge in thefts, according to the report. Hackers linked to the country stole an estimated $1.7 billion worth of crytopcurrency through various [&hellip;]
- [<strong>Egyptian Parliament Approves Pact For North African Nation To Join BRICS Bank</strong>.&nbsp;](https://diutocoinnews.com/2023/02/egyptian-parliament-approves-pact-for-north-african-nation-to-join-brics-bank/): Egyptian legislators recently praised the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS ( Brazil, Russia, India, China, and South Africa) backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Following the Egyptian parliament’s recent endorsement of an agreement that paves the way for the country to join the New Development Bank, lawmaker Mohamed Abdel-Hamid, reportedly said the move helps reduce demand for U.S. dollars. Set up by Brazil, Russia, India, [&hellip;]
- [<strong>How Bitcoin Mining In Congo Saved Africa's National Park From Bankruptcy &amp; Inspired A Netflix Documentary.</strong>](https://diutocoinnews.com/2023/02/how-bitcoin-mining-in-congo-saved-africas-national-park-from-bankruptcy-inspired-a-netflix-documentary/): Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin BTC mine in an effort to protect its forests and wildlife.&nbsp; In an interview with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park. Gouspillou said with a smile: “Bitcoin mining saved the park from bankruptcy.” Virunga is Africa&#8217;s oldest protected park and a symbol of the continent&#8217;s biodiversity. A report by journalist Adam Popescu, published in MIT Technology Review, explained that the region was plagued by issues prior [&hellip;]
- [<strong>Crypto Market Rate Update Wednesday, 1st February, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/02/crypto-market-rate-update-wednesday-1st-february-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 1st February, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,215,465.87. Sell: NGN17,080,999.99, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,182,629.68. Sell: NGN 1,161,506.15 and has decreased by 0.01% in [&hellip;]
- [<strong>Bitcoin BTC Premium Price Hits 60% In Nigeria Due to Withdrawal Limit and The Gap Between Forex Rate At Trading Markets.</strong>](https://diutocoinnews.com/2023/01/bitcoin-btc-premium-price-hits-60-in-nigeria-due-to-withdrawal-limit-and-the-gap-between-forex-rate-at-trading-markets/): The price of Bitcoin BTC in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitized cash and forex trading gaps between the Central Bank of Nigeria official price and Parallel market price. At the time of writing, the price of 1 BTC on the Nigerian crypto exchange NairaEX is 17.8 million nairas, equating to a whopping $38,792. This is more than a 60% premium over the current market price of Bitcoin, around $23,700 at the time of writing. It comes as the Central Bank of Nigeria has continued [&hellip;]
- [<strong>Nigerian and Ghana Central Banks Invites Tech Innovators To Participate In Their Respective Regulatory Sandbox.&nbsp;</strong>](https://diutocoinnews.com/2023/01/nigerian-and-ghana-central-banks-invites-tech-innovators-to-participate-in-their-respective-regulatory-sandbox/): Nigeria and Ghana central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion challenge, while the Nigerian Central Bank seeks novel innovations through digital channels.&nbsp; The Ghanaian central bank has called on registered financial institutions and unlicensed fintech startups to apply for admission into its regulatory sandbox. In a press statement issued on Jan. 26, the bank said the process to admit the first cohort of participants will open on Feb. 13 and close [&hellip;]
- [<strong>Crypto Market Rate Update Monday, 30th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-monday-30th-january-2023-naira-to-usd-usdt/): Opening prices for Monday, 30th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,834,300.82. Sell: NGN17,720,192.37, and has increased by 0.05% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,222,912.04. Sell: NGN 1,216,466.90 and has increased by 0.01% in [&hellip;]
- [<strong>Scam Alert ! MetaMask Warns It's Users About "address poisoning scam"</strong>](https://diutocoinnews.com/2023/01/scam-alert-metamask-warns-its-users-about-address-poisoning-scam/): Latest crypto wallet address scam that tries to take advantage of user carelessness has been on the rise, according to the MetaMask team. In an announcement, digital wallet provider MetaMask warned users of an “address poisoning scam,” where attackers “poison” transaction histories by sending users tokens worth $0 to their wallets. The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address. This gets unsuspecting users to send their funds to the wrong copycat address. While the attempt would not give the hackers access to user wallets, people who [&hellip;]
- [<strong>CBN, NIBSS Launches AfriGo, Nigeria's First National Payment Card.</strong>](https://diutocoinnews.com/2023/01/cbn-nibss-launches-afrigo-nigerias-first-national-payment-card/): The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have unveiled Nigeria’s first National payment card named AfriGo.At the virtual unveiling yesterday, the CBN Governor, Godwin Emefiele, said the card was designed to cater to local peculiarities that the existing card products have failed to address. Emefiele said the card, which will function like other international payment cards, is aimed at boosting financial inclusion in the country and reducing dependence on foreign cards according to The Guardian report.&nbsp; According to him, with the AfriGo card, Nigeria has joined countries like China, Russia, Turkey, and India, which have [&hellip;]
- [<strong>Crypto Market Rate Update Sunday, 29th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-sunday-29th-january-2023-naira-to-usd-usdt/): Opening prices for Sunday, 29th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,370,000.00. Sell: NGN17,292,335.08, and has increased by 0.01% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,201,500.00. Sell: NGN 1,185,918.07 and has decreased by 0.01% in [&hellip;]
- [<strong>Kenya New Regulatory Sandbox For Tech Startups Calls For Industry Expert Inputs.&nbsp;</strong>](https://diutocoinnews.com/2023/01/kenya-new-regulatory-sandbox-for-tech-startups-calls-for-industry-expert-inputs/): The Communications Authority of Kenya (CAK) recently published a draft called:&nbsp; “Framework for Emerging Technologies Regulatory Sandbox” for tech ecosystems, and is seeking feedback from the public by February 3, 2023. The CAK has the responsibility of establishing and reviewing regulations that guide ICT and new technologies, but it has realised that current regulations cannot adequately cater for emerging technologies such as those in fintech, cybersecurity, and other sectors. The sandbox is an evidence-based, controlled environment in which such fintech startups and other innovators can conduct live tests of new services and products that do not easily fit in the current [&hellip;]
- [<strong>Crypto Market Rate Update Saturday, 28th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-saturday-28th-january-2023-naira-to-usd-usdt/): Opening prices for Saturday, 28th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,240,000.07. Sell: NGN17,130,999.99, and has decreased by 0.01% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,209,520.77. Sell: NGN 1,185,467.58 and has increased by 0.32% in [&hellip;]
- [<strong>Central Bank of Nigeria Ends Dollar Charges On Domestic Card Transactions.</strong>](https://diutocoinnews.com/2023/01/central-bank-of-nigeria-ends-dollar-charges-on-domestic-card-transactions/): The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Thursday declared that going forward, dollar charges on all domestic cards and online transactions would not be permitted. Emefiele said all transactions on existing local bank cards must, therefore, be routed through the Nigerian National Domestic Card scheme which he officially unveiled on Thursday. Speaking at the virtual launch of the card scheme, the CBN governor pointed out that at a time when foreign exchange challenges have persisted globally, the central bank came up with the domestic card scheme to, “ensure that all card transactions, online transactions where [&hellip;]
- [<strong>Crypto Market Rate Update Friday, 27th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-friday-27th-january-2023-naira-to-usd-usdt/): Opening prices for Friday, 27th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,283,582.50. Sell: NGN17,150,000.03, and has decreased by 0.03% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,196,554.56. Sell: NGN 1,172,572.11 and has decreased by 0.62% in [&hellip;]
- [<strong>Three Nigeria Tech Startups To Share $750,000 Support Grant.</strong>](https://diutocoinnews.com/2023/01/three-nigeria-tech-startups-to-share-750000-support-grant/): Out of 11 innovative companies selected across Africa, three Nigerian tech startups have been selected to join stage 3 of the Africa Startup Initiative Program (ASIP) Accelerator Programme by Startupbootcamp Africa. The Nigerian startups include PharmaServ, Park well, and Jand2Gidi.&nbsp; According to a statement from Startupbootcamp, each of the startups will receive an intensive three-month coaching and support programme to accelerate their growth and benefits worth $750,000.&nbsp;&nbsp; The startups will also have access to the global Accelerator Squared platform which has a complete library of content, group workshops, mentoring, collaborative sessions with Entrepreneurs in Residence, and invite-only discussion forums with founders [&hellip;]
- [<strong>Bitcoin BTC Mining Is Boosting Standing Of Living In East Africa</strong>.&nbsp;](https://diutocoinnews.com/2023/01/bitcoin-btc-mining-is-boosting-standing-of-living-in-east-africa/): In East Africa, a&nbsp; Bitcoin BTC mining project that uses clean, stranded and excess hydro energy in Malawi, a landlocked country in southeastern Africa, has gained ground.&nbsp; The company behind the project, Gridless, tweeted that there are now “1600 families connected to this remote hydro minigrid in the mountains of southern Malawi.” The project exploits 50 kilowatts (kW) of stranded energy to test out as a new Bitcoin mining site. Erik Hersman, CEO and co-founder of Gridless, told Cointelegraph that while it’s a brand new mining project, the “impact was immediately felt.” “The power developer had built these powerhouses a few [&hellip;]
- [<strong>Crypto Market Rate Update For Wednesday, 26th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-wednesday-26th-january-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 25th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,200,000.00. Sell: NGN17,187,077.91, and has decreased by 0.03% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,178,100.00. Sell: NGN 1,166,958.16 and has decreased by 0.62% in [&hellip;]
- [<strong>South Africa Mandates Risk Warnings On Crypto Adverts With New Advert Regulatory Code.&nbsp;</strong>](https://diutocoinnews.com/2023/01/south-africa-mandates-risk-warnings-on-crypto-adverts-with-new-advert-regulatory-code/): South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Companies and individuals in South Africa must abide by certain advertising standards pertaining to the provision of cryptocurrency products and services in a new clause introduced to Section III of the country’s advertising code. The first clause requires that adverts, including cryptocurrency offerings, must ‘expressly and clearly’ state that investments may result in the loss of capital ‘as the value is variable and can go up as well as down.’ Furthermore, adverts must not contradict warnings about potential investment [&hellip;]
- [<strong>How A "Stop Loss" Can Make You A Better Crypto Investor.&nbsp;</strong>](https://diutocoinnews.com/2023/01/how-a-stop-loss-can-make-you-a-better-crypto-investor/): It’s essential that you use a stop loss when trading crypto. It would be best if you used a stop loss when trading any financial instrument. Still, crypto is extraordinarily volatile, and therefore you need to ensure that any time you’re mistaken, it will only cost you a small percentage of your account. WHAT IS A STOP LOSS? A stop loss in crypto trading is an order that tells the broker when you no longer wish to be involved in the market. You set a stop loss value at a specific price, and when that price gets triggered, the broker will [&hellip;]
- [<strong>Nigeria Inflation Reduced for The First In Near A Year To 21%.</strong>](https://diutocoinnews.com/2023/01/nigeria-inflation-reduced-for-the-first-in-near-a-year-to-21/): Nigeria’s hyperinflation reduced for the first time in 11 months in December, raising the chance that the central bank will slow the pace of interest rate hikes ahead of presidential elections next month.&nbsp; The inflation rate fell to 21.3% from 21.5% in November, according to data published on the National Bureau of Statistics’s website on Monday. The median estimate of four economists according to a Bloomberg survey was 21.8%. The inflation rate has now exceeded the central bank’s 9% ceiling for more than seven years and averaged 19% in 2022.&nbsp; The December slowdown may prompt the Central Bank of Nigeria’s monetary [&hellip;]
- [<strong>Crypto Market Rate Update For Sunday, 22nd January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-sunday-22nd-january-2023-naira-to-usd-usdt/): Opening prices for Sunday, 22nd January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN17,147,539.19. Sell: NGN17,075,075.18, and has increased by 0.03% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,218,672.93. Sell: NGN 1,205,765.09 and has increased by 0.62% in [&hellip;]
- [<strong>Nigeria Fintech Industry Now Worth N9 Billion: Expert Says.</strong>](https://diutocoinnews.com/2023/01/nigeria-fintech-industry-now-worth-n9-billion-expert-says/): Following the passage of the national startup Act in October 2022, the Co-founder and Chief Executive Officer, Piggy Vest, Ms. Odunayo Eweniyi, has disclosed that Nigeria’s fintech (digital) ecosystem is now worth about N9 billion in investment. Specifically, out of the N9 billion, Nigerian fintech firms were able to raise N2 billion in capital funding to strengthen the country’s startup industry to its present state. Eweniyi disclosed this to diutocoinnews, saying that there was a need for the country to take advantage of the fintech Act, because it essentially has the potential to address the four key areas of regulation, capital, [&hellip;]
- [<strong>Egyptian Pounds Continue To Fall In Spite Of Flexible Forex Regime.</strong>](https://diutocoinnews.com/2023/01/egyptian-pounds-continue-to-fall-in-spite-of-flexible-forex-regime/): The Egyptian pound fell to&nbsp; a new low of more than 32 units against the US Dollar on Jan. 11. According to a report, the pound’s latest depreciation has prompted some analysts to question the extent to which the central bank wants the pound to fall. The pound’s official exchange rate versus the dollar fell from just under 20 units per dollar to 23.09 per dollar after Egyptian monetary authorities agreed to abandon the fixed exchange rate regime. In return, Cairo would receive a $3 billion financial package from the International Monetary Fund (IMF). Following the currency’s latest fall, some Egyptian [&hellip;]
- [<strong>Binance Delists Shiba Inu Meme Crypto Token Trading Pairs.&nbsp;</strong>](https://diutocoinnews.com/2023/01/binance-delists-shiba-inu-meme-crypto-token-trading-pairs/): Crypto exchange Binance,&nbsp; recently delisted a trading pair that involved Shiba Inu, and this has some concerned that the SHIB token was being removed. The SHIB token isn’t going anywhere and will continue to be listed on the exchange. The meme coin was even ranked the third-most-watched cryptocurrency for 2022, trailing behind only ethereum and bitcoin. The crypto exchange has been making headlines ever since the company backed out of a last-minute deal to rescue FTX before it completely imploded. While many crypto exchanges have gone bankrupt, Binance plans on going on a hiring spree, even though the company has been [&hellip;]
- [Gain Crypto Knowledge Using Binance Academy&nbsp;](https://diutocoinnews.com/2023/01/gain-crypto-knowledge-using-binance-academy/): Cryptocurrency and blockchain technology is the future. On a daily basis, more and more people are getting into the crypto and blockchain space. However, it could be daunting for a beginner to understand how it works and where they fit in. Binance Academy eliminates this obstacle. There is so much knowledge to be gained and you definitely should not miss out on it.&nbsp; WHAT IS BINANCE ACADEMY&nbsp; The Binance Academy is a nonprofit blockchain education portal. It was established by the world’s largest exchange, Binance, as part of Binance’s mission to educate people on the transformative potential of cryptocurrency and blockchain [&hellip;]
- [Why Should I Use the Binance NFT Marketplace](https://diutocoinnews.com/2023/01/why-should-i-use-the-binance-nft-marketplace/): Non-fungible tokens (NFTs) have gained a lot of attention in recent times. In case you are looking to get into the NFT space and don’t know what marketplace to use, I highly recommend that you try Binance NFT. Ever since it was launched in June 2021, Binance NFT has become the world’s largest and fastest-growing centralised NFT marketplace because of its excellent features and ease of use. But before we talk about the Binance NFT marketplace, we’ll begin with a brief explanation of what NFTs are. WHAT IS AN NFT? NFT means Non-Fungible Token. In Economics, fungibility means that an asset [&hellip;]
- [<strong>Crypto Market Rate Update For Thursday, 19th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-thursday-19th-january-2023-naira-to-usd-usdt/): Opening prices for Thursday, 19th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,669,613.47. Sell: NGN15,520,999.99, and has increased by 0.03% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,154,800.00. Sell: NGN 1,145,688.91 and has increased by 0.62% in [&hellip;]
- [<strong>Tanzania Apex Bank Adopts "Phased and Risk" Based Approach To Its Planned Central Bank Digital Currency.&nbsp;</strong>](https://diutocoinnews.com/2023/01/tanzania-apex-bank-adopts-phased-and-risk-based-approach-to-its-planned-central-bank-digital-currency/): The Bank Of Tanzania (BOT) announced on Jan. 14 that it had “adopted a phased, cautious and risk-based approach to adoption of CBDC [central bank digital currency].” The bank also said it will continue with its efforts aimed at finding “a suitable and appropriate use and technology for issuance of Tanzanian shillings in digital form.” According to a statement on the bank’s website, the BOT said it chose a more cautious approach after spending months researching and exploring the pros and cons of issuing the digital currency. During this period, the BOT said it found that other central banks had adopted [&hellip;]
- [Keep Your Crypto Assets Secure With Trust Wallet.](https://diutocoinnews.com/2023/01/keep-your-crypto-assets-secure-with-trust-wallet/): While investing in cryptocurrency, you must pay close attention to wallet security to avoid crypto-thefts, hacks and attacks etc. A mistake many people make is storing their assets on exchanges because no exchange can be a secure crypto wallet. As the name suggests, all you should use an exchange for is EXCHANGE (buying and selling). Only keep what you need to trade on the exchange and withdraw the excess or whatever amount you&#8217;re hodling into a high security crypto wallet. To ensure the security of your assets, it is paramount that you pick the right wallet. For me, the best choice [&hellip;]
- [When Should I Use Crypto Loans](https://diutocoinnews.com/2023/01/when-should-i-use-crypto-loans/): Almost everyone has been low on cash at one point or the other or not had sufficient money to do something they wanted to do. This is why people take loans. You get money in advance and you can pay it back once you are in a better financial position.&nbsp; As a crypto trader or investor, there are moments when you urgently need fiat but do not want to liquidate your asset. Or maybe you need to get into a trade, but you do not want to touch the crypto you’re hodling. Crypto loans could be very useful for you in [&hellip;]
- [<strong>Central Bank Of Nigeria To Begin Execution Of National Domestic Card Scheme</strong>](https://diutocoinnews.com/2023/01/central-bank-of-nigeria-to-begin-execution-of-national-domestic-card-scheme/): The Central Bank of Nigeria says that it will start the implementation of&nbsp; the national domestic card scheme, which is scheduled to become operational today, January 16, 2023. A statement from the Director, Corporate Communications, CBN, Osita Nwanisobi, said Nigeria is Africa’s largest and most vibrant economy and the pace of digitisation and innovation, alongside the expansion of mobile penetration and the proactive policy initiatives of the CBN, had driven the accelerated adoption of digital financial services. He said, “Considering the strength and breadth of its banking sector and the rapid growth and transformation of its payments system over the last [&hellip;]
- [<strong>Crypto Market Rate Update For Monday, 16th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-monday-16th-january-2023-naira-to-usd-usdt/): Opening prices for Monday, 16th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,596,467.07. Sell: NGN15,456,097.74, and has increased by 0.03% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,167,745.59. Sell: NGN 1,141,311.04 and has increased by 0.62% in [&hellip;]
- [<strong>Crypto Market Rate Update For Sunday, 15th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-sunday-15th-january-2023-naira-to-usd-usdt/): Opening prices for Sunday, 15th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN15,591,856.14. Sell: NGN15,373,343.05, and has increased by 0.03% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,161,851.26. Sell: NGN 1,131,789.70 and has increased by 0.62% in [&hellip;]
- [<strong>Jambites For 2023 UTME Exams To Pay Exam Registration Fee With eNaira CBDC.&nbsp;</strong>](https://diutocoinnews.com/2023/01/jambites-for-2023-utme-exams-to-pay-exam-registration-fee-with-enaira-cbdc/): The Joint Admissions and Matriculation Board (JAMB) has announced partnership with the Central Bank of Nigeria to use Nigeria Central Bank Digital Currency CBDC eNaira for registration payment of its 2023 UTME exams.&nbsp; CBN also said the development would eliminate extortion of candidates. Rakiya Mohammed, the CBN Director of IT, Architecture, and Strategy, who was represented by Abdul Shedrack, made this known while speaking with the board and its financial partners. Muhammed noted that this would also help to reduce the overall indirect cost of cash transactions on the broader community while blocking leakages in the board’s transactions. Also Read: CBN [&hellip;]
- [<strong>Court Orders CBN To Freeze Account Of Polaris Bank.</strong>](https://diutocoinnews.com/2023/01/court-orders-cbn-to-freeze-account-of-polaris-bank/): On Thursday, a high court sitting in Akure, the Ondo state capital, granted a garnishee order directing the Central Bank of Nigeria(CBN) to freeze the account of Polaris Bank over a judgment debt of N2.16 billion. A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in its favour. The order was issued by Adegboyega Adebusoye, the presiding judge, following an application filed by Charles Titiloye, Ondo attorney-general and commissioner for justice. Titiloye had filed the application over alleged failure and neglect of the bank to meet the condition of [&hellip;]
- [<strong>Congo National Park Begins Crypto Mining.</strong>](https://diutocoinnews.com/2023/01/congo-national-park-begins-crypto-mining/): Virunga National Park In Eastern Congo has found ways to put its natural resources to good use by engaging in cryptocurrency mining which is an increasingly popular method of obtaining digital assets such as Bitcoin (BTC), in order to mine the flagship decentralized finance (DeFi) token. Specifically, the leadership of Virunga National Park, which was stricken by countless misfortunes over the years, leaving it in desperate need of funding to protect its forests and wildlife, has recognized Bitcoin mining as an ideal opportunity, as MIT Technology Review’s Adam Popescu reported on January 13. According to the report, Africa’s oldest protected park [&hellip;]
- [<strong>Nigeria Stablecoins And ICOs Legal Framework In The Pipeline.&nbsp;</strong>](https://diutocoinnews.com/2023/01/nigeria-stablecoins-and-icos-legal-framework-in-the-pipeline/): &nbsp;Nigeria Central Bank has declared its readiness to accept the existence of private stablecoins as well and the necessity to create a legal framework for stablecoins is defined in the latest central bank strategy paper.&nbsp; Published under the headline “Nigeria Payments System Vision 2025”, the 83-page report from the Central Bank of Nigeria (CBN) considers the development of a regulatory framework for the potential implementation of a stablecoin. According to the document, there is a need to develop a framework, given that stablecoins are likely to become a successful payment mechanism in the country. The report also pays attention to the [&hellip;]
- [<strong>South African Hacker Group Stole Millions In Funds From Cloud Platforms To Run Crypto Mining Venture.</strong>](https://diutocoinnews.com/2023/01/south-african-hacker-group-stole-millions-in-funds-from-cloud-platforms-to-run-crypto-mining-venture/): In a latest report by cybersecurity firm Unit 42, South Africa based hacker group&nbsp; “Automated Libra” is behind a detailed crypto mining scheme referred to as “ PurpleUrchin”, which has cost major cloud providers, including Microsoft and Salesforce, millions of dollars in resources and unpaid bills. Freejacking works by using free (or limited-time) cloud resources to perform crypto mining operations. Automated Libra’s scheme fraudulently used the cloud platforms’ resources to perform crypto mining operations then traded the mined cryptocurrencies. According to Unit 42’s report, beyond exploiting the free trials, Automated Libra also employed what is referred to as a “play and [&hellip;]
- [<strong>Crypto Market Rate Update For Tuesday, 10th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-tuesday-10th-january-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 10th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,923,445.48. Sell: NGN12,873,346.47, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,001,054.40. Sell: NGN 990,179.06 and has increased by 0.62% in [&hellip;]
- [<strong>The Means Nigeria Start-ups Used To Attract $1.2 Billion In 2022</strong>.&nbsp;](https://diutocoinnews.com/2023/01/the-means-nigeria-start-ups-used-to-attract-1-2-billion-in-2022/): Nigerian tech space has seen significant growth in venture funding. For instance, Nigerian startups have raised about $3.6bn since 2019, representing about 86 per cent of the total funding in the Western Africa region in the period. As of December 1, 2022, Nigerian startups had raised over $1.2 billion, according to data from Africa: The Big Deal. Though this represents a 21% year-on-year (YoY) decline compared to the over $1.5 billion raised last year, it is still a good number, considering the global economic downturn and other issues that led to the decline in venture funding in nearly every region — [&hellip;]
- [<strong>Crypto Market Rate Update For Monday, 9th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-monday-9th-january-2023-naira-to-usd-usdt/): Opening prices for Monday, 9th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,839,386.36. Sell: NGN12,780,000.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 981,935.60. Sell: NGN 972,427.67 and has increased by 0.62% in [&hellip;]
- [<strong>Zenith Bank Nigeria To Suspend Int'l Transactions On Naira Cards From January 9.&nbsp;</strong>](https://diutocoinnews.com/2023/01/zenith-bank-nigeria-to-suspend-intl-transactions-on-naira-cards-from-january-9/): Zenith Bank has announced the suspension of international transactions on its naira cards from Monday, January 9, 2023.The bank said this in a recent notice sent to customers. In March last year, the financial institution reviewed its monthly international spending limit on naira cards from $100 to $20. It also temporarily suspended international transactions on automated teller machines (ATMs), and point of sale (POS) channels. In the latest announcement, Zenith Bank said customers will be unable to use its naira cards for international cash withdrawals, including web and POS transactions. The development may likely exacerbate the plight of Nigerians who shop [&hellip;]
- [<strong>Kenya's Fintech Took 30% Of Tracked Kenyan Tech Startups In 2022</strong>.&nbsp;](https://diutocoinnews.com/2023/01/kenyas-fintech-took-30-of-tracked-kenyan-tech-startups-in-2022/): Recent findings of a study on Kenya’s startup space, fintech ventures alone accounted for just over 30% or 93 out of the 308 tracked startups. This figure is almost three times more than that of the nearest challengers, namely agri-tech and e-health, which both accounted for 10.1% of Kenya’s tech startups that were tracked between January and November 2022. However, as explained in Disrupt Africa’s study report on the Kenyan startup ecosystem, the dominance of fintechs is not unusual. “Fintech takes the top spot in most African countries as it solves fundamental problems for the populace, is an area in which [&hellip;]
- [<strong>Crypto Market Rate Update For Sunday, 8th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-sunday-8th-january-2023-naira-to-usd-usdt/): Opening prices for Sunday, 8th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,642,139.53. Sell: NGN12,567,370.09, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 940,517.23. Sell: NGN 936,094.87 and has increased by 0.62% in [&hellip;]
- [<strong>Nigeria Emerges As Leading Fintech Hub Across Africa And Middle East.&nbsp;</strong>](https://diutocoinnews.com/2023/01/nigeria-emerges-as-leading-fintech-hub-across-africa-and-middle-east/): The African Private Equity and Venture Capital Association (AVCA) noted in October that, within the first half of this year, African startups captured $3.5 billion in venture capital investment. The industry group further stated that the funding, raised by 300 different companies, represented a total growth of 133% compared to the same period last year. According to a study by Mastercard, the global payments giant, on the state of fintech in African markets, startups within this sector boasted exponential growth in 2021. In terms of funding, the study showed that the continent’s fintech startups recorded 894% year-on-year growth in 2021. CBInsights, [&hellip;]
- [<strong>Crypto Market Rate Update For Saturday, 7th January, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/01/crypto-market-rate-update-for-saturday-7th-january-2023-naira-to-usd-usdt/): Opening prices for Saturday, 7th January, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,608,630.74. Sell: NGN12,544,979.40, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 946,243.60. Sell: NGN 936,662.50 and has increased by 0.62% in [&hellip;]
- [<strong>HRF Bitcoin Development Funds Shares $325,000 Grants To Africa Organizations, Others.</strong>](https://diutocoinnews.com/2023/01/hrf-bitcoin-development-funds-shares-325000-grants-to-africa-organizations-others/): The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants of $325,000 to go out across the globe to support builders in the industry.&nbsp; According to the announcement sent to Bitcoin Magazine, “Areas of focus include Latin America, Africa, the Middle East, Eastern Europe, and South Asia.” The grants include: Also Read: CZ Binance Advocates For Crypto Self Custody, Soaring Trust Wallet Token Price. Over the past two years the HRF has introduced grants amounting to $1.8 million in BTC and USD, supporting more than 60 developers, educators and open-source initiatives across the world.&nbsp;
- [<strong>Fantom Network Tokens Pick For 2023.</strong>](https://diutocoinnews.com/2023/01/fantom-network-tokens-pick-for-2023/): The year 2023 is still uncertain for&nbsp; crypto enthusiasts . If you are one, you must have noticed the market downturn since last year. The market is filled with fear, uncertainties, and doubts but people are still making money. The situation of the market can be likened to the dip that lasted a long time during the COVID-19 in 2020 and the return of the bull run in 2021. Based on analysis and predictions from experts, there will be a bull run that will span from 2023 through 2024. I am more of a long-term investor than a short-term trader of [&hellip;]
- [Crypto Market Rate Update For Thursday, 15th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-thursday-15th-december-2022-naira-to-usd-usdt/): Opening prices for Thursday, 15th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,340,000.00. Sell: NGN13,348,592.60, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 976,019.56. Sell: NGN 962,377.48 and has increased by 0.62% in [&hellip;]
- [Kenya Set To Establish Startup Fund.](https://diutocoinnews.com/2022/12/kenya-set-to-establish-startup-fund/): Kenya President William Ruto announced that plans are the initial stage to establish a startup fund which will give startups in the country the opportunity to scale up and become serious enterprises. Ruto stated that the bill is currently being prepared for presentation in parliament and that the fund will help in derisking startups in the country and set them on a path to growth. The presidency also announced that the government will partner with leading tech giants to train Kenyans to use digital skills at international standards. He will also launch Hustler Fund Season 2 by February 2023 which will [&hellip;]
- [Crypto Market Rate Update For Wednesday, 14th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-wednesday-14th-december-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 14th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN13,427,600.41. Sell: NGN13,370,998.99, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 996,578.51. Sell: NGN 988,297.46 and has increased by 0.62% in [&hellip;]
- [51 Crypto Exchange Firms Died In 2022: Research Report Shows.](https://diutocoinnews.com/2022/12/51-crypto-exchange-firms-died-in-2022-research-report-shows/): A leading Crypto service comparison website, cryptowisser announces the launch of its annual Crypto exchange graveyard for 2022. This list is the only comprehensive database of “dead” cryptocurrency exchanges currently available. In 2022, 51 exchanges were reported dead, with the vast majority seemingly dying out due to business reasons and there were small percentages of scams, rebranding and regulatory deaths. Out of all the exchange casualties of 2022, FTX received the most attention, namely due to its sheer size and perceived strength (previously the third-largest exchange by trading volume). Unlike most crypto exchange deaths, this incident shook the crypto community to [&hellip;]
- [Ghana Cedis Makes A Comeback As Best Performing Currency Against Dollar.](https://diutocoinnews.com/2022/12/ghana-cedis-makes-a-comeback-as-best-performing-currency-against-dollar/): Ghana’s national currency, cedis took the title of the world’s best performer against the dollar this week amid optimism the debt distressed country is closer to achieving an International Monetary Fund bailout. The cedi has rallied 10% in the past five days, the biggest advance among about 150 currencies tracked by Bloomberg. That’s a turnaround for an exchange rate that had lost half of its value this year and occupied the bottom slot in the charts. According to the report, “The currency was the cheapest in Africa, more than 30% undervalued versus its 25-year history last week, so some rebound after [&hellip;]
- [Crypto Market Rate Update For Monday, 12th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-monday-12th-december-2022-naira-to-usd-usdt/): Opening prices for Monday, 12th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,705,000.00. Sell: NGN12,606,700.00, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 938,656.27. Sell: NGN 927,823.09 and has increased by 0.62% in [&hellip;]
- [Crypto Traders Lost $3.5 Billion Investments To Scammers In 2022: Study Reveals.](https://diutocoinnews.com/2022/12/crypto-traders-lost-3-5-billion-investments-to-scammers-in-2022-study-reveals/): Global cryptocurrency markets are unstable after the infamous FTX implosion wiped an estimated $2 billion in investors&#8217; funds. But a new survey reveals that nearly double that amount has been lost to scams and &#8216;rug-pulls&#8217; across 2022. These scams can take many forms, including fake ICOs (initial coin offerings), mining schemes, and phishing attacks. It is important for individuals to be cautious and do their research before investing in any cryptocurrency-related opportunities, as these scams can be difficult to detect and can result in significant financial losses. Cybersecurity and data privacy specialists from Privacy Affairs, in their round-up of Cryptocurrency Scams [&hellip;]
- [African Startup Launches Alternative Platform For Crypto Nigeria Users.](https://diutocoinnews.com/2022/12/african-startup-launches-alternative-platform-for-crypto-nigeria-users/): An African Fintech startup has introduced a new platform where Nigerians will be able to use crypto to pay airtime bills; mobile data bills, electricity bills, and other types of bills. The startup in a statement by its marketing assistant, Yemisi Solaja, said Nigerians no longer need to first convert their funds into fiat money in order to pay their bills with bitcoin and US dollars. Solaja in the statement revealed that bills payment for telecommunication networks have been integrated as a service on the Cardify Bills Platform. The statement read in part, “Just the way you spend your fiat currency [&hellip;]
- [Crypto Market Rate Update For Saturday, 10th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-saturday-10th-december-2022-naira-to-usd-usdt/): Opening prices for Saturday, 10th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,800,836.61. Sell: NGN12,733,426.63, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 946,326.35. Sell: NGN 938,136.71 and has decreased by 0.62% in [&hellip;]
- [Crypto Firm Amber Group Are Reportedly Terminating Their £20 million A Year deal With Chelsea.](https://diutocoinnews.com/2022/12/crypto-firm-amber-group-are-reportedly-terminating-their-20-million-a-year-deal-with-chelsea/): Recent report shows that Crypto firm Amber Group; who display their WhaleFin logo on the club&#8217;s shirt is &#8216;terminating their £20 MILLION-a-year sponsorship&#8217; with the Blues, seven months after the partnership started. Amber Group became the club’s official sleeve partner in May, with the logo of WhaleFin &#8211; the company’s flagship digital asset platform &#8211; emblazoned across the kit of both the men’s and women’s teams from the start of the season. However, Bloomberg have reported that the crypto crash is set to hit Chelsea with Amber Group set to end their deal with Chelsea, just seven months after it started. [&hellip;]
- [Nigeria Presses For Central Bank Digital Currency eNaira Usage With The New Cash Withdrawal Limit.](https://diutocoinnews.com/2022/12/nigeria-presses-for-central-bank-digital-currency-enaira-usage-with-the-new-cash-withdrawal-limit/): Recently the Central Bank of Nigeria placed new restrictions and limits on the amount of cash citizens are able to withdraw from ATMs, Bank counters and other related physical banking structures. The new decision experts believe will encourage the usage of the nation&#8217;s CBDC, eNaira, reduce money laundering and improve the forex value of Naira. The directive orders that citizens and businesses cannot withdraw amounts exceeding $45 (20,000 nairas) per day and $225 (100,000 nairas) per week from ATMs. Withdrawals from banks of over $225 (100,000 nairas) and $1,125 (500,000 nairas) will be subject to processing fees of 5% for individuals [&hellip;]
- [Beware Of TikTok Invisible Challenge, NCC Warns Nigeria Against Information Stealing Malware.](https://diutocoinnews.com/2022/12/beware-of-tiktok-invisible-challenge-ncc-warns-nigeria-against-information-stealing-malware/): The Nigerian Communication Commission&#8217;s Computer Security Incident Response Team (NCC-CSIRT) has warned that a new TikTok trend called the Invisible Challenge could expose devices to malware. The craze urges users to film themselves naked, then to use TikTok&#8217;s &#8220;Invisible Body&#8221; filter to replace their body with a blurry background. But officials say some users have started attaching a link to videos which download a virus onto devices. The Nigerian Communications Commission (NCC) says users&#8217; data is then stolen. Threat actors have taken advantage of the viral TikTok challenge to disseminate a malware known as WASP (or W4SP) stealer. The commission, in [&hellip;]
- [Crypto Market Rate Update For Thursday, 8th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-thursday-8th-december-2022-naira-to-usd-usdt/): Opening prices for Thursday, 8th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,639,000.00. Sell: NGN12,583,048.12, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 932,284.06. Sell: NGN 921,827.26 and has decreased by 0.62% in [&hellip;]
- [Nigeria Lawmakers Order Central Bank To Suspend The New Cash Withdrawal Limit Policy.](https://diutocoinnews.com/2022/12/nigeria-lawmakers-order-central-bank-to-suspend-the-new-cash-withdrawal-limit-policy/): The House of Representatives at Thursday plenary asked the Central Bank Governor, Mr. Godwin Emefiele to suspend implementation of the N100k withdrawal limit policy. Emefiele was invited to appear on Thursday next week to explain to the House the impact and significance of the new policy. The resolution was passed during a plenary session on Thursday following the adoption of a motion of urgent public importance sponsored by Aliyu Magaji, a lawmaker from Jigawa. In a memo issued on Tuesday, signed by the Director of Banking Supervision, Haruna Mustafa, the apex bank directed all banks and other financial institutions to ensure [&hellip;]
- [Crypto Market Rate Update For Wednesday, 7th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-wednesday-7th-december-2022-naira-to-usd-usdt/): Opening prices for Wednesday, 7th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,621,000.00. Sell: NGN12,494,216.88, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 921,767.14. Sell: NGN 908,841.27 and has decreased by 0.62% in [&hellip;]
- [South Africa Digital Only Bank Introduces Crypto Payment Gateway.](https://diutocoinnews.com/2022/12/south-africa-digital-only-bank-introduces-crypto-payment-gateway/): Recently, a South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway is a game-changer” that also helps small businesses “preserve wealth in unfavorable economic conditions.” Users of the new gateway have the option to convert incoming cryptocurrency into either the South African rand, the U.S. dollar, or the euro. Users also have the option to store their crypto with the digital bank. the digital-only bank’s crypto gateway [&hellip;]
- [Breaking: Central Bank Of Nigeria Restricts Cash Withdrawal To N100,000 Per Week.](https://diutocoinnews.com/2022/12/breaking-central-bank-of-nigeria-restricts-cash-withdrawal-to-n100000-per-week/): The Central Bank Of Nigeria today, announced new cash withdrawal limits for individuals and organizations, which takes effect from January 9, 2023. According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision, Haruna .B. Mustafa, individuals will only be able to withdraw N100,000 per week ( from over the counter, Point of Sale Machines or the Automated Teller Machines), while organisations can access N500,000 per week. Banks have also been directed to load only N200 and lower denominations into their ATM. The memo read, “Further to the launch of the redesigned naira notes [&hellip;]
- [Four Crypto Billionaires Die In Mysterious Circumstances Within Weeks.](https://diutocoinnews.com/2022/12/four-crypto-billionaires-die-in-mysterious-circumstances-within-weeks/): The deaths of prominent crypto CEOs in the space of weeks has left many in the industry puzzled. Vyacheslav Taran, Founder Tiantian Kullander, Javia Biosca and Nikolai Mushegian died in circumstances best termed mysterious. Russian crypto billionaire and Libertex Group chairman Vyacheslav Taran died on Friday, November 25th in a helicopter crash en route to Monaco. The 53-year-old was the sole passenger in the flight from nearby Lausanne in Switzerland. Taran was founder of Forex Club and the Libertex exchange, a trading and investing platform which handles some cryptocurrencies as well as foreign exchange, stocks, stock indices and ETFs. Tiantian Kullander, [&hellip;]
- [<strong>CRYPTO BOOTCAMP x YELLOW CARD TRAINS 1000 PEOPLE ON BLOCKCHAIN SKILLS</strong>](https://diutocoinnews.com/2022/12/crypto-bootcamp-x-yellow-card-trains-1000-people-on-blockchain-skills/): Skills and opportunities in blockchain and crypto industry The blockchain sector is an expansive realm that is ripe with opportunity. Even more so is the fact that it can be applied to a variety of spheres of human life, many of which it has helped to improve significantly. People who are ready to take advantage of the many opportunities in the industry will be able to do so. These opportunities can be found in a variety of fields, including the financial industry, agriculture, the healthcare industry, and many more. In this context, &#8220;individuals&#8221; are people who have the specific skills needed [&hellip;]
- [Crypto Market Rate Update For Tuesday, 6th December, 2022: Naira to USD (USDT).](https://diutocoinnews.com/2022/12/crypto-market-rate-update-for-tuesday-6th-december-2022-naira-to-usd-usdt/): Opening prices for Tuesday, 6th December, 2022, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN12,432,362.87. Sell: NGN12,338,891.06, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 924,513.62. Sell: NGN 914,177.98 and has increased by 0.62% in [&hellip;]
- [Investment In Fintech Drops Amidst Global Economic Downturn: Expert.](https://diutocoinnews.com/2022/12/investment-in-fintech-drops-amidst-global-economic-downturn-expert/): In the past couple of years, there’s been huge disproportionate interest from VCs in fintechs globally and Africa which has also led to a lot of start-ups coming up. So many incubation hubs bias their services towards fintechs because those are the businesses most likely to raise capital. Expatiating on the reason for drop in investment in the Fintech sector, Emeka Ematarom a Fintech CEO has this to say: &#8220;What tends to happen generally is that when you have an economic downturn, it makes investors more cautious. It’s not that investment is not happening, just that investors are more cautious. Two [&hellip;]
- [Google Introduces Checkmark Icon For Gmail, Similar To Twitter. ](https://diutocoinnews.com/2023/05/google-introduces-checkmark-icon-for-gmail-similar-to-twitter/): Google announced that starting from 3rd May, users will now see a checkmark icon for senders that have adopted BIMI. This will help users identify messages from legitimate senders versus impersonators.&nbsp; This feature is available to all Google Workspace customers, as well as legacy G Suite Basic and Business customers, also to users with personal Google Accounts &#8220;Strong email authentication helps users and email security systems identify and stop spam, and also enables senders to leverage their brand trust. This increases confidence in email sources and gives readers an immersive experience, creating a better email ecosystem for everyone,&#8221; it explains.&nbsp; Google [&hellip;]
- [Kenya Starts The Use Of QR Codes Called The Kenya Quick Response Code For Digital Payments.](https://diutocoinnews.com/2023/05/kenya-starts-the-use-of-qr-codes-called-the-kenya-quick-response-code-for-digital-payments/): The Central Bank of Kenya (CBK) on Wednesday, announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 (KE-QR Code Standard 2023; or the Standard). The Standard will guide how Payment Service Providers and banks (institutions) that are regulated by the CBK will issue Quick Response (QR) Codes to consumers and businesses that accept digital payments. The implementation of the Standard, and use of standardized QR Code-enabled payments, will bring practical benefits to businesses and customers. Customers will now be able to make digital payments in an easy, fast, convenient, and secure manner using QR. Previously, customers had [&hellip;]
- [Crypto Market Rate Update Thursday, 4th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-thursday-4th-may-2023-naira-to-usd-usdt/): Opening prices for Thursday, 4th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,538,000.00. Sell: NGN 21,451,476.73, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,412,837.40. Sell: NGN 1,396,342.40 and has increased by [&hellip;]
- [Central Bank of Nigeria Places 7,552 On Watchlist For Fraud.](https://diutocoinnews.com/2023/05/central-bank-of-nigeria-places-7552-on-watchlist-for-fraud/): The Central Bank of Nigeria (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, even as the Central Bank Digital Currency (CBDC) known as eNaira, has recorded 1.4 million transactions to date, translating to 100 per cent increase compared to 700,000 transactions in November 2022. Similarly, Nigeria is moving towards cardless and other contactless payment options, including QR Codes, NFC, among others for seamless financial transactions in the country. Speaking at the 34th Finance Correspondents and Business Editors seminar in Calabar, Cross River State yesterday, themed “Implementing a Robust Payment Architecture Prospects, Opportunities and Challenges”, the [&hellip;]
- [Crypto.com Debuts Amy, a ChatGPT Al User Assistant.](https://diutocoinnews.com/2023/05/crypto-com-debuts-amy-a-chatgpt-al-user-assistant/): Popular exchange, Crypto.com, has announced its new generative AI user assistant, launched&nbsp; to inform users about industry insights, including real-time token prices, projects and historical events. Crypto.com announced “Amy” on May 2. The crypto exchange’s new AI companion is built to inform users about the industry, including real-time token prices and projects, historical events, and more. According to the announcement, Amy, which uses ChatGPT as its base, is currently in the pilot phase to “gather learnings” before future expansion. Abhi Bisarya, the executive vice president of product at Crypto.com, says the company is “bullish” on the usage of AI in crypto. [&hellip;]
- [Crypto Market Rate Update Wednesday, 3rd May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-wednesday-3rd-may-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 3rd May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,272,348.17. Sell: NGN 21,011,044.60, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,385,696.74. Sell: NGN 1,375,150.00 and has decreased by [&hellip;]
- [Crypto Smart Contract Wallet Project Fires Social Media Handler Over Wrong Thicker.](https://diutocoinnews.com/2023/05/crypto-smart-contract-wallet-project-fires-social-media-handler-over-wrong-thicker/): Smart contract wallet project Argent HQ who is rolling out NFT campaign, The Starknet Explorer campaign announced the sack of its twitter&nbsp; social media handler over usage of wrong thicker.&nbsp; A twitter follower Smartec Vitalik&nbsp; pointed out the mistake. &#8220;Uhhhm @argentHQ you should correct the ticker, it should be $STRK not $STARK&#8221;, he tweeted.&nbsp; In response the account announced the dismissal of the intern handling the Argent account.&nbsp; Argent is an Ethereum-focused crypto wallet. Argent does not only support the Ethereum ecosystem, but seeks to improve it  Also Read: In April, Over $100 Million Worth Of Crypto Lost To Scam &amp; [&hellip;]
- [In April, Over $100 Million Worth Of Crypto Lost To Scam &amp; Hacks Activities: Certik Report.  ](https://diutocoinnews.com/2023/05/in-april-over-100-million-worth-of-crypto-lost-to-scam-hacks-activities-certik-report/): Certified Kernel Tech (CertiK), a blockchain and smart contract security firm, revealed that crypto related exploits, hacks, and scams in April resulted in losses worth $103 million. The figures for last month are a lot less than the $211 million worth of digital assets which wrongdoers siphoned throughout March 2023. CertiK estimated that the total amount hackers managed to drain last month from crypto projects was approximately $103.6 million worth of digital assets. Exit scams resulted in 9.3 million, while flash loan attacks accounted for almost $20 million.&nbsp; Some of the major incidents in April include the $25 million stolen from [&hellip;]
- [Crypto Market Rate Update Tuesday, 2nd May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-tuesday-2nd-may-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 2nd May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,619,844.43. Sell: NGN 20,522,132.35, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,351,768.58. Sell: NGN 1,339,811.56 and has decreased by [&hellip;]
- [Visa Announces Global Competition For Fintechs In Nigeria.](https://diutocoinnews.com/2023/05/visa-announces-global-competition-for-fintechs-in-nigeria/): Applications are now open in Nigeria for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges. “The Visa Everywhere Initiative is a platform that empowers fintechs and entrepreneurs to showcase the most ground-breaking, impactful solutions in the world of payments and commerce,” said Andrew Uaboi, vice president, and head of Visa West Africa. Andrew Uaboi, Vice President, and Head of Visa West Africa, said that winners of the VEI 2023 edition asides monetary prizes would receive global exposure, and validation from one [&hellip;]
- [Nigeria SEC Considers Accepting Tokenized Equity, Properties,  But Not Crypto. ](https://diutocoinnews.com/2023/05/nigeria-sec-considers-accepting-tokenized-equity-properties-but-not-crypto/): Nigeria’s Securities and Exchange Commission is planning to allow tokenized coin offerings backed by equity, debt or property but “not crypto,” on licensed digital asset exchanges. “We always like to start, as a regulator, with a very simple clear proposal before we go into the complex ones,&#8221; Abdulkadir Abbas, head of securities and investment services at the Abuja-based commission reportedly said. The regulator is also processing applications for digital exchanges on a trial basis intending them to undergo one year of “regulatory incubation” with limited services offered and under SEC monitoring to determine the firms&#8217; fitness to provide services. “By the [&hellip;]
- [Crypto Market Rate Update Monday,1st May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-monday1st-may-2023-naira-to-usd-usdt/): Opening prices for Monday, 1st May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,323,633.41. Sell: NGN 21,077,025.28, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,376,93.97. Sell: NGN 1,364,125.25 and has decreased by [&hellip;]
- [CBN Urges Nigerians To Embrace eNaira transactions,Says It Will Help To Tackle Financial Crimes.](https://diutocoinnews.com/2023/04/cbn-urges-nigerians-to-embrace-enaira-transactionssays-it-will-help-to-tackle-financial-crimes/): The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace the nation’s digital payment channel (eNaira) to enhance its cashless policy. Its eNaira team which embarked on an awareness and sensitization campaign to Kawo and other markets in Kaduna, and Port Harcourt, the Rivers State capital, assured the public that the electronic legal tender would complement cash and make transactions easier.&nbsp; “The message is to preach the e Naira. E Naira is nothing but another representation of cash, the same Naira we are used to; is what e Naira is coming to complement.” “E Naira is trying to complement [&hellip;]
- [Top Two Base Chain Projects To Use On Testnet](https://diutocoinnews.com/2023/04/top-base-chain-projects/): Base Chain (@buildonbase) Projects. Base is the Coinbase chain being developed as an Ethereum Layer 2 (L2) chain that offers a safe, low-cost, developer-friendly way to build on-chain. Base is an L2 built on OP Stack in collaboration with Optimism. There is a growing interest by developers to build on the Coinbase Base Chain. Currently there are numerous new base chain projects springing up and even both good and bad ones are being advertised.&nbsp; This post is aimed at highlighting the best two base chain projects so far, which has proven to be a good one and also is still on [&hellip;]
- [Crypto Market Rate Update Sunday, 30th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-sunday-30th-april-2023-naira-to-usd-usdt/): Opening prices for Sunday, 30th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,720,000.00. Sell: NGN 21,560,911.38, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,413,020.47. Sell: NGN 1,403,654.42 and has decreased by [&hellip;]
- [Nigeria SEC Opens Portal For Fintechs Interested In Listing In Nigerian Capital Market.](https://diutocoinnews.com/2023/04/nigeria-sec-opens-portal-for-fintechs-interested-in-listing-in-nigerian-capital-market/): Nigeria Securities and Exchange Commission ( SEC) on Friday announced that it has opened the Regulatory Incubation portal for fintechs to submit applications from Cohort 001/23, from 28/04/2023 to 26/05/2023.&nbsp; According to SEC, the application is open to Registered Capital Market Operators, Unregistered Fintech innovators that require regulation,Firms of all sizes, Special interest in firms that want to enhance investor participation in the Nigeria Capital Market. B. Eligibility Requirements for Application to participate in RI If you want to apply to participate in the Regulatory Incubation Program, you must demonstrate that you meet our 5 eligibility criteria below: Your innovation is: [&hellip;]
- [Kenya Set To Tax Cryptocurrency Exchanges.](https://diutocoinnews.com/2023/04/kenya-set-to-tax-cryptocurrency-exchanges/): Report from a Kenyan local news outfit revealed that the Kenyan Treasury will start levying taxes on revenues earned by cryptocurrency exchanges used by an estimated 4 million Kenyans.&nbsp; According to a report by Business Daily Africa, Kenyan authorities will rely on the 1.5% digital tax service that became effective on Jan.1, 2021. Initially proposed in 2020, the digital tax is the Kenyan government’s attempt to extract revenue from leading crypto exchanges and tax-avoiding digital asset platforms. As reported by Bitcoin.com News in early January 2021, the Kenya Revenue Authority (KRA) said it expected to get $45.5 million (5 billion Kenyan [&hellip;]
- [Crypto Market Rate Update Saturday, 29th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-saturday-29th-april-2023-naira-to-usd-usdt/): Opening prices for Saturday, 29th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,700,000.00. Sell: NGN 21,606,572.51, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,409,424.05. Sell: NGN 1,396,664.77 and has decreased by [&hellip;]
- [Seychelles, South Africa Leads African Blockchain Funding For 2022.](https://diutocoinnews.com/2023/04/seychelles-south-africa-leads-african-blockchain-funding-for-2022/): A recent research from CV VC, shows that amongst the top eight African countries that attracted 100% of blockchain funds, Seychelles and South Africa topped the list. Seychelles attracted 43.5% of all blockchain funds raised in Africa in 2022. This was done in 6 deals to the tune of $208,039,500. In 2021, the figure was down to 32.7%, 3 deals, and $29,300,000. The major firms in this country are Kucoin and Scroll which raised $160 million and $30 million respectively in 2022. Seychelles has taken steps to attract blockchain businesses to the country, such as launching a regulatory framework and establishing [&hellip;]
- [South Africa Mirror Trading CEO Ordered To Pay $3.4 Billion For Bitcoin Forex Fraud.](https://diutocoinnews.com/2023/04/south-africa-mirror-trading-ceo-ordered-to-pay-3-4-for-bitcoin-forex-fraud/): In a statement released on Thursday, a U.S. court has ordered the head of South Africa&#8217;s bitcoin pool operator, Mirror Trading International (MTI) to pay $3.4 billion in restitution and penalties, Commodities Future Trading Regulation&nbsp; revealed.&nbsp; The sum constitutes the highest civil monetary penalty ordered in any case brought by the Commodities Futures Trading Commission (CFTC), the regulator said. The CFTC charged South Africa-based Cornelius Johannes Steynberg with fraud in June 2022, alleging the &#8220;controlling person&#8221; at MTI accepted 29,421 BTC (valued at more than $1.7 billion at the time of acceptance) from 23,000 Americans for running an unlicensed commodity pool [&hellip;]
- [$4 Million Stolen Through Google Ads Crypto Phishing URLs.](https://diutocoinnews.com/2023/04/4-million-stolen-through-google-ads-crypto-phishing-urls/): Blockchain analytics combined with data from Google Ads reveals that over $4 million has been stolen from users that have fallen for malicious phishing websites promoted on Google. According to Web3 anti-scam service provider ScamSniffer, malicious adverts for phishing websites have been prevalent on Google ads searches in recent weeks. The URLs lead to fraudulent websites that prompt wallet login signature requests that compromise users’ addresses. A number of decentralized finance protocols, websites and brands, including Zapper.fi, Lido, Stargate, DefiLlama, Orbiter Finance and Radiant, have been targeted by scammers. Slight changes to official URLs make it difficult for users to identify [&hellip;]
- [Crypto Market Rate Update Thursday, 27th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-thursday-27th-april-2023-naira-to-usd-usdt/): Opening prices for Thursday, 27th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,585,900.00. Sell: NGN 21,471,382.56, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,405,421.33. Sell: NGN 1,397,594.25 and has decreased by [&hellip;]
- [Central Bank of Nigeria To Take Over Money In Dormant Accounts.](https://diutocoinnews.com/2023/04/central-bank-of-nigeria-to-take-over-money-in-dormant-accounts/): The Central Bank of Nigeria (CBN) has issued a new regulatory framework that will see it taking over billions of naira sitting in dormant accounts, warehousing it and investing the proceeds in treasury bills and other government securities. The guideline dated August 6, but just released by the CBN, outlines the management procedures of funds trapped in dormant accounts, what the funds could be used for, pending refunds to customers, compliance expectations, monitoring and evaluation, dispute resolution and sanction for violations. The circular signed by the Director of the Financial Policy and Regulation Department, Chibuzo Efobi, said the apex bank would [&hellip;]
- [Uganda Court Upholds Bank Of Uganda Ban On Crypto Transactions](https://diutocoinnews.com/2023/04/uganda-court-upholds-bank-of-uganda-ban-on-crypto-transactions/): A Uganda high court, recently dismissed an application that sought to upend a central bank directive that bars cryptocurrency transactions. In his ruling, the court’s Justice Musa Ssekaana, insisted that the Bank of Uganda (BOU)’s April 2022 directive does not infringe on individual property rights. Instead, the directive is an attempt by the central bank not to legalize the “undefined system as a payment instrument in Uganda.” As previously reported by Bitcoin.com News in May 2022, the BOU warned parties disregarding its directive that it will not hesitate to invoke “its powers under Section 13(l) (b) &amp; (f) of the NPS [&hellip;]
- [Crypto Market Rate Update Wednesday, 26th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-wednesday-26th-april-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 26th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,194,548.31. Sell: NGN 20,972,386.39, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,386,736.88. Sell: NGN 1,373,894.19 and has decreased by [&hellip;]
- [Nigeria Has The Highest Crypto Ownership In 2022](https://diutocoinnews.com/2023/04/nigeria-has-the-highest-crypto-ownership-in-2022/): Latest research has revealed that Nigeria topped the countries with the highest rate of cryptocurrency use and ownership in 2022. Nigeria, Africa’s largest economy, clinched the top spot, with almost half the population having used or owned cryptocurrency. The study, conducted by an online casino guide Trading Browser, analysed data on crypto ownership and usage. The ranking was done via the percentage of the population that reported that they used or owned cryptocurrency each year from 2019 to 2022. Nigeria tops the list, with 45 per cent of the population using or owning cryptocurrency in 2022. The nation boasts over 90 [&hellip;]
- [Gemini, US Leading Exchange Set To Launch Derivative Platform In Africa, Others](https://diutocoinnews.com/2023/04/gemini-us-leading-exchange-set-to-launch-derivative-platform-in-africa-others/): Gemini, United States-based crypto exchange announced on April 21 the upcoming launch of a derivatives platform outside the United States. The move comes amid a tightening, uncertain regulatory environment for crypto firms in the country. Dubbed Gemini Foundation, the offshore division will offer services to users based in Nigeria, South Africa, Egypt. Others are Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, the British Virgin Islands, Bhutan, Brazil, the Cayman Islands, Chile, El Salvador, Guernsey, Israel, Jersey, New Zealand, Panama, Peru, the Philippines, Saint Lucia, Saint Vincent and Grenadine, South Korea, Switzerland, Thailand, Turkey, Uruguay and Vietnam. It will not offer services [&hellip;]
- [Crypto Market Rate Update Tuesday, 25th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-tuesday-25th-april-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 25th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,250,000.00. Sell: NGN 20,137,154.03, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,348,852.73. Sell: NGN 1,338,543.48 and has decreased by [&hellip;]
- [EFCC Convicts Man For Duping Australian In Crypto Scam. ](https://diutocoinnews.com/2023/04/efcc-convicts-man-for-duping-australian-in-crypto-scam/): The Economic and Financial Crimes Commission, EFCC, arraigned Moses Upkonahusi over $5,576 cryptocurrency fraud perpetrated in Abuja before Justice Mohammed Zubair of the FCT High Court in Jikwoyi.&nbsp; The one-count charge of cheating by impersonation claimed that in December 2021, Moses created a fake investment website. Posing as the Chief Executive Officer of Crypto Infinite Trade, he obtained a bitcoin value of 0.11088059 from Adam Murah, an Australian. The offence violated Section 321 of the Penal Code Act, LFN, 2004 and is punishable under section 324 of the same Act.. After Moses pleaded guilty, the judge sentenced him to one-year imprisonment [&hellip;]
- [Zimbabwe Is Set To Launch Gold Backed Digital Currency. ](https://diutocoinnews.com/2023/04/zimbabwe-is-set-to-launch-gold-backed-digital-currency/): The Reserve Bank of Zimbabwe has concluded plans to introduce a gold-backed digital currency to serve as legal tender in the country. The move is a government initiative to stabilize the local currency from continued depreciation against the U.S. dollar. According to a report from local media outlet The Sunday Mail, the move will allow small amounts of Zimbabwean dollars to be exchanged for the digital gold token, enabling more Zimbabweans to hedge against currency volatility. Reserve Bank of Zimbabwe Governor John Mangudya said the plan intends to “leave no one and no place behind.” Zimbabwe’s currency trades at 1,001 ZWL [&hellip;]
- [Crypto Market Rate Update Monday, 24th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-monday-24th-april-2023-naira-to-usd-usdt/): Opening prices for Monday, 24th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,520,833.97. Sell: NGN 20,414,554.90, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,377,930.11. Sell: NGN 1,366,787.30 and has increased [&hellip;]
- [Nigerian Crypto Traders Using Flutterwave For P2P Face Account Freezing.](https://diutocoinnews.com/2023/04/nigerian-crypto-traders-using-flutterwave-for-p2p-face-account-freezing/): Nigerian crypto traders using peer-to-peer (P2P) services are facing difficulties as the Central Bank of Nigeria (CBN) has flagged their bank accounts. The CBN&#8217;s decision is believed to be in relation to the recent Flutterwave hack, which saw almost $6.5 million (3 billion nairas) illegally transferred from the accounts of the Nigerian Fintech company, Flutterwave.&nbsp; On February 27th, a motion ex-parte was filed and granted in support of Flutterwave&#8217;s claims, resulting in 107 accounts being put on lien/Post-No-Debit (PND), including their fifth beneficiaries. While the bank accounts have yet to be proven affiliations with the hack, some locals have confirmed that [&hellip;]
- [Crypto Scammers Are Using Al To Create Fake CEO. ](https://diutocoinnews.com/2023/04/crypto-scammers-are-using-al-to-create-fake-ceo/): Last week, the California Department of Financial Protection and Innovation (DFPI) announced its latest efforts to protect residents from crypto scams, sending cease and desist letters to five companies it claims attempted to profit from the AI hype train. Artificial intelligence is hot right now, and crypto scams haven&#8217;t slowed a bit. And allegedly, some scammers are mashing them up to deceive and swindle would-be investors, including creating a fake AI-generated CEO to try and dupe people. The agency’s latest targets are Maxpread Technologies, Harvest Keeper, Visque Capital, Coinbot, and QuantFund—who the DFPI accused of each offering unqualified securities and making [&hellip;]
- [Crypto Market Rate Update Sunday,23rd April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-sunday23rd-april-2023-naira-to-usd-usdt/): Opening prices for Sunday, 23rd April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,500,000.00. Sell: NGN 20,327,000.00, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,383,429.83. Sell: NGN 1,374,080.80 and has increased [&hellip;]
- [Crunchbase Report: Web3 Funding Drops 82% Year To Year.](https://diutocoinnews.com/2023/04/crunchbase-report-web3-funding-drops-82-year-to-year/): According to crunchbase &#8216;s latest report,&nbsp; the first quarter of the year funding to VC-backed Web3 startups hit its lowest point since the very early days of the space as deal flow continues to slow. Venture funding plummeted 82% year to year, dropping from $9.1 billion in Q1 of 2022 to only $1.7 billion, per Crunchbase data. The funding number is also a 30% decline from the final quarter of last year, and the lowest total since the fourth quarter of 2020 — which saw only $1.1 billion — when many people had never heard of Web3. Deal flow also continued [&hellip;]
- [New Twitter ' Bluesky' Created By Jack Dorsey Launches On Android.](https://diutocoinnews.com/2023/04/new-twitter-bluesky-created-by-jack-dorsey-launches-on-android/): A new Social media app created by Twitter’s co-founder and ex-CEO as an alternative to the Elon Musk-owned platform has just launched a version for Android users. Bluesky, created by Jack Dorsey, promises a future-thinking “social internet” that allows users more choices and frees people from platforms, according to its website. The app however, is still in development and only available to access through an invite code. Dorsey began working on Bluesky as a side project in 2019 with funding from Twitter, and it was first rolled out to iOS users in late February. Many users have said Bluesky’s current beta [&hellip;]
- [Crypto Market Rate Update Saturday, 22nd April, 2023: Naira To USD (USDT)](https://diutocoinnews.com/2023/04/crypto-market-rate-update-saturday-22nd-april-2023-naira-to-usd-usdt/): Opening prices for Saturday, 22nd April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,225,984.34. Sell: NGN 20,055,743.82, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,371,043.53. Sell: NGN 1,362,811.35 and has increased [&hellip;]
- [Crypto Trader Made $1.02 Million From $250 Investment In Memecoin PEPE Token. ](https://diutocoinnews.com/2023/04/crypto-trader-made-1-02-million-from-250-investment-in-memecoin-pepe-token/): According to a latest report, a crypto trader recently swapped 0.125 ETH, then worth $250, for 5.9 trillion PEPE tokens, which are now valued at $1.02 million, but, the investor’s ability to cash in on this huge profit may be impeded by liquidity issues surrounding the token Grzegorz Drozdz, the market analyst at Conotoxia Ltd., explained that it would take 46,200 years to liquidate the investor’s PEPE tokens, assuming non-declining demand. Attempting to sell the tokens more quickly could result in the price dropping below the purchase level. This scenario has occurred before with Gurgavin Chandhoke’s memecoin, Pump Coin, which reached [&hellip;]
- [Nigeria Sets Up 14-man National Council to Implement the 2022 Startup Act for Fintech, Crypto and Others.](https://diutocoinnews.com/2023/04/nigeria-sets-up-14-man-national-council-to-implement-the-2022-startup-act-for-fintech-crypto-and-others/): The Nigerian president has inaugurated a 14-member National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act (NSA) 2022 for crypto, Fintech and other digital enterprises. Speaking on Wednesday at the inauguration of the council chaired by him, the president directed the Secretariat, the National Information Technology Development Agency (NITDA), to ensure the faithful implementation of the Act, which provides incentives and support for start-ups, including tax breaks and access to funding. The inauguration at the Council Chambers of the State House, Abuja preceded the Federal Executive Council (FEC) weekly meeting and [&hellip;]
- [Crypto Market Rate Update Friday, 21st April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-friday-21st-april-2023-naira-to-usd-usdt/): Opening prices for Friday, 21st April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,879,991.34. Sell: NGN 20,568,633.32, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,434,718.67. Sell: NGN 1,402,977.45 and has increased [&hellip;]
- [Your Crypto Portfolio Is At Risk If You Don't Update Your iOS: Kaspersky Warns.](https://diutocoinnews.com/2023/04/your-crypto-portfolio-is-at-risk-if-you-dont-update-your-ios-kaspersky-warns/): Security loopholes have been identified in iOS and macOS operating systems by Kaspersky, posing significant risks to users, including ones who hold digital assets in iOS wallets. One vulnerability allows cybercriminals to access confidential user data by intercepting network traffic, while another permits malware to evade Apple&#8217;s security measures and gain root access.&nbsp; Two distinct vulnerabilities have been detected. The first, dubbed CVE-2023-28205, relates to the WebKit engine, which underpins the Safari browser and other applications. This flaw enables attackers to execute arbitrary code on a device by directing users to a specially crafted malicious webpage. The second vulnerability, CVE-2023-28206, is [&hellip;]
- [Application Is Open For Visa Everywhere 2023 Initiative For Kenyans.](https://diutocoinnews.com/2023/04/application-is-open-for-visa-everywhere-2023-initiative-for-kenyans/): Global card payments firm Visa has opened applications for the 2023 edition of the Visa Everywhere Initiative (VEI). The global open innovation competition will see startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges for a chance to win cash prizes.&nbsp; Last year, ThriveAgric, a Nigerian startup that champions technology to transform the payments landscape for smallholder farmers, was crowned winner of the competition.&nbsp; The startup took home the Global grand prize of $100,000 USD and an additional $20,000 USD Visa Direct prize.&nbsp; This year, Visa says the competition will see an in-person competition on July 6, the [&hellip;]
- [Zambia To Conclude Crypto Regulatory Test In June.](https://diutocoinnews.com/2023/04/zambia-to-conclude-crypto-regulatory-test-in-june/): Recently, Zambia&#8217;s innovation, science and technology minister, Felix Mutati, said the country needs digital identities and other necessary digital infrastructures before it introduces crypto, the purpose of conducting the tests was to help the government “see what would happen in the real world,” to assist in forming crypto regulations. Zambia’s central bank and securities regulator commenced the tests on Feb. 19, which Mutati said was looking to balance safety and innovation: “Our main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments [&#8230;] against citizens’ safety, particularly given that cryptocurrency is very [&hellip;]
- [Nigeria Crypto Based Fintech Shuts Down Operations.](https://diutocoinnews.com/2023/04/nigeria-crypto-based-fintech-shuts-down-operations/): Nigerian crypto-based fintech, Lazerpay&nbsp; and Web3 startup announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from companies that may want to acquire the startup’s intellectual property (IP). In a statement issued via its official Twitter handle on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operation after multiple fruitless efforts to raise funds for the business’s survival. &#8220;We were unable to close a successful fundraising round,” Emmanuel [&hellip;]
- ["Arrest Sabinus Now" Aggrieved Nigerians Write EFCC Over Ponzi Scheme Scam As National Assembly Passes Bill To Jail Ponzi Scheme Promoters.](https://diutocoinnews.com/2023/04/arrest-sabinus-now-aggrieved-nigerians-write-efcc-over-ponzi-scheme-scam-as-national-assembly-passes-bill-to-jail-ponzi-scheme-promoters/): Aggrieved Nigerians have sent a petition to the anti-graft agency, Economic and Financial Crimes Commission, to arrest popular skit maker Emmanuel Chukwuemeka Ejekwu fondly known as Oga Sabinus for promoting a Ponzi scheme company which is claimed to have defrauded people. The funny man in some skits had advertised and promoted AI Mining as he is also one of its ambassadors. While it has been gathered that the app has crashed leaving investors due for payment stranded. Some subscribers who invested in the scheme are vexed at Sabinus for promoting the initiative. The comedian it was gathered has been silent since [&hellip;]
- [Crypto Exchange GDAC Loses $14 Million In Latest Crypto Hack.](https://diutocoinnews.com/2023/04/crypto-exchange-gdac-loses-14-million-in-latest-crypto-hack/): A crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The South Korean crypto exchange has&nbsp;halted&nbsp;all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan. Hackers transferred nearly $13 million worth of crypto, 23% of its total custodial assets, from Gdac&#8217;s&nbsp;hot wallet&nbsp;to an unidentified wallet. The hackers stole nearly 61 bitcoins (BTC), 350.5 ether (ETH), 10 million wemix tokens (WEMIX) and 220,000 USDT. Gdac said it has notified the authorities about the hack and is working to recover the funds. Crypto [&hellip;]
- [Beware! Baby Doge Warns Users About Phishing Scams.](https://diutocoinnews.com/2023/04/beware-baby-doge-warns-users-about-phishing-scams/): BabyDoge has alerted the community about an ongoing phishing scam in which the swindler has stolen approximately 18 $ETH from users in the Decentralized Finance (DeFi) industry. posterThe scammer’s account was first discovered by Certik Alert, a renowned platform for updating users on crypto hacks, scams, and more. According to Certik Alert, the user has been using the BabyDoge name to defraud users through a fake Twitter account and a URL that contains a phishing contract. Users who connect to the URL will be redirected to the phishing contract, which has defrauded users of the amount mentioned above. BabyDoge shared the [&hellip;]
- [Crypto Market Rate Update Sunday, 9th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-sunday-9th-april-2023-naira-to-usd-usdt/): Opening prices for Sunday, 9th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,645,000.00. Sell: NGN 20,498,793.05, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,360,064.98. Sell: NGN 1,348,950.18 and has increased [&hellip;]
- [Nigerian Fintech Handled $1.2 Billion Transactions In a Month.](https://diutocoinnews.com/2023/04/nigerian-fintech-handled-1-2-billion-transactions-in-a-month/): Interswitch has announced that it processed 1.2 billion transactions in March 2023. According to the firm, it is the highest it has ever processed in a single month in the country. It attributed the increase in transactions to the Federal Government’s naira redesign policy. Commenting on the increase, the Founder and Group Managing Director of Interswitch, Mitchell Elegbe, said, “We are thrilled to have processed 1.2 billion transactions in the month of March in Nigeria alone. “This milestone is a testament to the trust that our customers have placed in us and our commitment to delivering innovative and secure digital payment [&hellip;]
- [Crypto Market Rate Update Friday, 7th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-friday-7th-april-2023-naira-to-usd-usdt/): Opening prices for Friday, 7th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,628,000.00. Sell: NGN 20,525,086.66, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,390,131.60. Sell: NGN 1,362,984.22 and has increased [&hellip;]
- [AFDB Releases $525,000 Grant For African Fintech Projects.](https://diutocoinnews.com/2023/04/afdb-releases-525000-grant-for-african-fintech-projects/): The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa. This was disclosed during the signing ceremony for the Letter of Agreement between the AfDB Group and the Africa Fintech Network based on the grant to support the Africa Fintech Hub Project. Speaking at the signing ceremony in Abuja on Tuesday, the Director-General, AfDB Nigeria Country Department, Mr Lamin Barrow, noted that the project would be executed by the Africa Fintech Network and Cenfri. He said, “This grant, in the amount of $525,000, will [&hellip;]
- [Crypto Market Rate Update Thursday, 6th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-thursday-6th-april-2023-naira-to-usd-usdt/): Opening prices for Thursday, 6th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,287,064.76. Sell: NGN 21,066,000.00, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,430,638.28. Sell: NGN 1,410,049.44 and has increased [&hellip;]
- [Kenya Set To Remove Digital Service Tax.](https://diutocoinnews.com/2023/04/kenya-set-to-remove-digital-service-tax/): Kenya&#8217;s government will move toward repealing its digital services tax (DST) following talks with businesses, President William Ruto said at a business conference in the country DST, as the name suggests, only applies to services which are provided through digital channels. It is imposed on owners of the platforms that charge a commission on the sellers and usually are non-residents such as Google, Netflix, Meta, Twitter and Microsoft, Airbnb, Trip Advisor, and Booking.com. DST does not apply to residents or local companies because they are subject to income tax and corporate tax. DST also does not apply to those&nbsp;selling on digital [&hellip;]
- [Paxful Crypto P2P Market Place To Shut Down.](https://diutocoinnews.com/2023/04/paxful-crypto-p2p-market-place-to-shut-down/): Paxful, one of the largest Peer-to-peer crypto exchange, Bitcoin marketplace has announced that it will shut down, directing users to retrieve their funds from its platform. “This will probably come as a shock to many,” Paxful co-founder and CEO Ray Youssef wrote in a blog post. “All customer funds are accounted for. Please withdraw them and, if you can, self-custody.” The blog post cited &#8220;key staff departures&#8221; and &#8220;regulatory challenges for the industry,&#8221; but Youssef said during a Twitter space on Tuesday that the decision to close the platform was also influenced by a lawsuit brought by a Paxful co-founder who [&hellip;]
- [Crypto Market Rate Update Wednesday, 5th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-wednesday-5th-april-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 5th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,287,064.76. Sell: NGN 21,066,000.00, and has in increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,430,638.28. Sell: NGN 1,410,049.44 and has increased [&hellip;]
- [Dogecoin Price Soars As Elon Musk Replaces Twitter Bird Logo With Shiba Inu.](https://diutocoinnews.com/2023/04/dogecoin-price-soars-as-elon-musk-replaces-twitter-bird-logo-with-shiba-inu/): Twitter Blue bird logo was replaced on Tuesday with cryptocurrency meme logo Shiba Inu in an apparent nod to dogecoin, sending price high on Tuesday after Elon Musk changed the bluebird logo of Twitter. Musk bought Twitter in October last year for $44 billion and has since slashed the workforce, introduced paid-for accounts and reinstated banned users including former president Donald Trump. His decision to change the logo to a Shibu Inu dog, whether permanent or another short-lived joke, caused the price of dogecoin to surge by more than 20 percent, from below $0.08 to more than $0.10. The Twitter chief [&hellip;]
- [Kenya Crypto Asset Bill To Encompass Securities Trading.](https://diutocoinnews.com/2023/04/kenya-crypto-asset-bill-to-encompass-securities-trading/): Kenya’s bill seeking to put blockchain and crypto assets under the purview of the Kenyan Capital Markets Authority will be debated in the country’s parliament. The bill also seeks to “widen the meaning of ‘securities’ to capture digital currencies.” The persons that receive licenses from the regulator are also required to maintain records of all digital currency transactions and to pay taxes on any gains made. The bill introduced by Abraham Kipsang Kirwa seeks to bring blockchain, crypto, and digital currencies under the jurisdiction of Kenya’s Capital Markets Authority (CMA), the regulatory body that grants companies and enterprises permission to operate [&hellip;]
- [Crypto Market Rate Update Tuesday, 4th April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-tuesday-4th-april-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 4th April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,902,000.00. Sell: NGN 20,765,811.47, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,363,011.65. Sell: NGN 1,345,405.78 and has increased [&hellip;]
- [Cote D'Ivoire Set To Establish A National Start-up Act.](https://diutocoinnews.com/2023/04/cote-divoire-set-to-establish-a-national-start-up-act/): The government of Cote d’Ivoire has announced plans to launch its startup act, which will offer support to its growing startup ecosystem. This comes after series of startup laws that have been enacted across Africa as several governments look to support and build their technology spaces. “A meeting with our Tunisian counterparts during a benchmarking study at the end of 2022 accelerated the process,” said Florence Tahiri Fadika, a technical advisor in charge of innovation and change at the country’s Ministry of Communication and the Digital Economy.&nbsp; “Their model is inspiring because it is very operational. The benchmarking mission, organised by [&hellip;]
- [Crypto Market Rate Update Sunday, 2nd April, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/04/crypto-market-rate-update-sunday-2nd-april-2023-naira-to-usd-usdt/): Opening prices for Sunday, 2nd April, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,228,723.23. Sell: NGN 20,976,844.70, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,359,687.61. Sell: NGN 1,339,380.09 and has increased [&hellip;]
- [Bitcoin Tops Best Performing Asset Of Q1 2023](https://diutocoinnews.com/2023/04/bitcoin-tops-best-performing-asset-of-q1-2023/): Bitcoin’s (BTC) 2023 present momentum is attributed as part of aim to exit last year’s&nbsp;crypto&nbsp;winter, this has resulted in the digital asset outperforming other&nbsp;investment&nbsp;products, despite a gloomy economic outlook.&nbsp; In particular, Bitcoin has emerged as the top-performing asset class in Q1 2023, with gains of about 70%, making it the digital currency’s best quarter since Q1 2021, according to&nbsp;Bloomberg&nbsp;data&nbsp;on March 31,&nbsp; It’s worth noting that during the first quarter of 2021, Bitcoin gained about 103% at the onset of the last&nbsp;bull run. The asset’s latest quarterly returns have placed the digital currency ahead of big names such as the S&amp;P 500 [&hellip;]
- [EFCC Convicts Man For  $5,576 Crypto Fraud.](https://diutocoinnews.com/2023/04/efcc-convicts-man-for-5576-crypto-fraud/): The Economic and Financial Crimes Commission, EFCC, arraigned a Nigerian, Moses Upkonahusi who was convicted of $5,576 cryptocurrency fraud perpetrated in Abujab. Justice Mohammed Zubair of the FCT High Court in Jikwoyi convicted him. The one-count charge of cheating through impersonation sufficed that in December 2021, Moses created a fake investment website. Posing as the Chief Executive Officer of Crypto Infinite Trade, he obtained a bitcoin value of 0.11088059 from Adam Murah, an Australian. The offence violated Section 321 of the Penal Code Act, LFN, 2004 and is punishable under section 324 of the same Act. Also Read: EFCC Warns That [&hellip;]
- [Crypto Market Rate Update Friday, 31st March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-friday-31st-march-2023-naira-to-usd-usdt/): Opening prices for Friday, 31st March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,863,000.00. Sell: NGN 20,651,403.80, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,349,214.24. Sell: NGN 1,327,529.14 and has increased [&hellip;]
- [Lagos Signs Memorandum of Understanding With Fintech Platform To Boost IGR.](https://diutocoinnews.com/2023/03/lagos-signs-memorandum-of-understanding-with-fintech-platform-to-boost-igr/): The Government of Lagos State through the Ministry of Physical Planning and Urban Development has signed a Memorandum of Understanding with eTransact to curb unregulated development, manage setbacks and open spaces, and improve the beautification of the state’s environment. According to the collaborating partners, the Ministry of Physical Planning and Urban Development and eTransact will deploy an integrated technology solution for data collection, management, and digitisation of revenue collection processes from the informal business players operating on setbacks and Incidental Open Spaces in the state in order to regulate them and enhance the state’s Internally Generated Revenue. A statement by the [&hellip;]
- [MetaMask Warns Users About Fake MetaMask Airdrop Rumour.](https://diutocoinnews.com/2023/03/metamask-warns-users-about-fake-metamask-airdrop-rumour/): MetaMask, the Web3 wallet provider has warned its users about false claims of a planned MetaMask airdrop. MetaMask posted the warning on its Twitter after coming across rumors of an upcoming MetaMask snapshot or airdrop on social media. According to a March 28 tweet from MetaMask, there have been “quite a few rumors going around” of a MetaMask snapshot or airdrop on March 31. “These rumors are not only false, but they are dangerous. They create opportunities for scammers and phishers,” warned MetaMask. In its Twitter post, MetaMask has denied the rumors of an upcoming airdrop and has urged users to [&hellip;]
- [South Africa Enters Into Second Phase of It's Central Bank Digital Currency Project.](https://diutocoinnews.com/2023/03/south-africa-enters-into-second-phase-of-its-central-bank-digital-currency-project/): South Africa&#8217;s apex regulating bank, the Reserve Bank Of South Africa (SARB) announced that it will examine how to utilize properly the benefits inherent CBDC and stablecoins usage among institutions in the next phase of its digital blockchain technology project termed, Project Khokha. “In Project Khokha 2x, which will focus on wholesale CBDCs and stablecoins, we are thinking about the governance of the platform. Its design will consider interoperability with wholesale CBDCs and it follows decentralised, autonomous organisation principles,” noted the bank’s senior financial technology (fintech) analyst, Gerhard Van Deventer. The project will also consider how wholesale CBDCs, aside from being [&hellip;]
- [Crypto Market Rate Update Wednesday, 29th March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-wednesday-29th-march-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 29th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,339,000.00. Sell: NGN 21,220,000.00, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,366,572.94. Sell: NGN 1,352,818.032 and has increased [&hellip;]
- [List of The Five Biggest Crypto Heist Of 2023 (So far).](https://diutocoinnews.com/2023/03/list-of-the-five-biggest-crypto-heist-of-2023-so-far/): Cryptocurrency is a digital payment system that doesn&#8217;t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets. Cryptocurrency received its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to [&hellip;]
- [Crypto Market Rate Update Tuesday, 28th March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-tuesday-28th-march-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 28th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,323,262.96. Sell: NGN 20,077,747.50, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,303,039.90. Sell: NGN 1,282,504.03 and has increased [&hellip;]
- [Regulation Of Crypto Assets Crypto In South Africa Set To Take Effect In 2025.](https://diutocoinnews.com/2023/03/regulation-of-crypto-assets-crypto-in-south-africa-set-to-take-effect-in-2025/): Directives governing tokenized deposits and crypto assets are likely to become effective on Jan. 1, 2025, a senior fintech analyst at the South African central bank has revealed. However, according to the analyst, regulators are still trying to understand or learn the risks that come with using distributed ledger technology. To achieve this, the SARB and its partners have conducted experiments whose objective was to understand and identify the risks as well as the benefits of distributed ledger technology (DLT). Project Khokha and Project Khokha 2 are among the experiments that were conducted by the South African central bank in conjunction [&hellip;]
- [Crypto Market Rate Update Monday, 27th March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-monday-27th-march-2023-naira-to-usd-usdt/): Opening prices for Monday, 27th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,876,000.00. Sell: NGN 20,839,000.49, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,323,049.65. Sell: NGN 1,307,772.18 and has increased [&hellip;]
- [Apply For Amazon Web Services Fintech Africa Accelerator Programme For Africa.](https://diutocoinnews.com/2023/03/apply-for-amazon-web-services-fintech-africa-accelerator-programme-for-africa/): Amazon Web Services (AWS), the cloud computing division for the world’s largest e-commerce retailer, Amazon, continues to strengthen its footprint in Africa with a call-for-applications from early-stage startups to join their inaugural edition of the AWS FinTech Africa Accelerator. This program is hosted by AWS’ globally-recognized Startup Loft Accelerator, but unlike other cohorts, this edition will focus on fintech and fintech-adjacent startups operating in Africa. In 2022, fintech startups in Africa raised over $2B USD in venture funding, sustaining Africa’s fintech industry as the top recipient of venture funding on the continent for the past several years (according to Briter Bridges). [&hellip;]
- [Crypto Market Rate Update Sunday, 26th March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-sunday-26th-march-2023-naira-to-usd-usdt/): Opening prices for Sunday, 26th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,529,392.51. Sell: NGN 20,400,000.00, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,320,100.92. Sell: NGN 1,301,125.31 and has increased [&hellip;]
- [More Than $119 Million In Crypto Hijacked By Hackers In 2023, NFT Rug Pull Surges.](https://diutocoinnews.com/2023/03/more-than-119-million-in-crypto-hijacked-by-hackers-in-2023-nft-rug-pull-surges/): Hackers have stolen $119 million in crypto in 19 breaches so far in 2023, Crystal Blockchain says in a new report, which includes data ranging from the Mt. Gox crypto exchange hack in 2011 to Feb. 18, 2023. The blockchain intelligence firm says although DeFi protocols have been hackers’ favorite targets since 2021, they are preying on NFT projects. &#8220;The Hash&#8221; panel discusses the report and what it reveals about open finance vulnerabilities. The biggest DeFi hack so far this year was February&#8217;s of Bonq DAO, a decentralized borrowing protocol. Hackers compromised the protocols’ smart contract and manipulated the price of [&hellip;]
- [Silicon Valley Bank Crisis, Nigeria Banks Not Exposed: CBN.](https://diutocoinnews.com/2023/03/silicon-valley-bank-crisis-nigeria-banks-not-exposed-cbn/): The Central Bank of Nigeria (CBN) governor, Godwin Emefiele in a recent review of Nigerian banks’ bond portfolios said thatthere is no direct investment by Nigerian banks in&nbsp;Silicon Valley Bank&nbsp;(SBV) that could result in a loss of investment, the Central Bank of Nigeria has said Some of the guidelines and considerations used by the CBN include banks’ non-performing loans (NPL), which averaged 4.2%, and the capital adequacy ratio of 13.7%. According to Emefiele, these ratios, as well as the banks’ average liquidity and loan-to-deposit ratios of 43% and 52% respectively, indicate that Nigerian banks are “very safe.” Also, in his remarks [&hellip;]
- [Crypto Market Rate Update Saturday, 25th March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-saturday-25th-march-2023-naira-to-usd-usdt/): Opening prices for Saturday, 25th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,549,900.00. Sell: NGN 20,363,438.26, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,317,566.35. Sell: NGN 1,295,108.70 and has increased [&hellip;]
- [Twitter Blue Debuts In Kenya. All You Need To Know About The Launch.](https://diutocoinnews.com/2023/03/twitter-blue-debuts-in-kenya-all-you-need-to-know-about-the-launch/): Twitter has today announced that its paid verification system, Twitter Blue, is now available globally. Twitter Blue is a subscription-based service that offers several user-facing features, but the primary reason for paid verification is to help the platform ‘cut down on bots’ in other words, generate income for Elon Musk. However, Twitter will now elevate content from verified users, meaning that users are more likely to see content from verified users over non-verified ones. Twitter Blue also offers several user-facing features, such as the ability to edit tweets, create bookmark folders, and use custom app icons. Here’s how much it’ll cost [&hellip;]
- [Nigeria Central Bank Digital Currency eNaira Records 63% Growth In Transactions According To CBN.](https://diutocoinnews.com/2023/03/nigeria-central-bank-digital-currency-enaira-records-63-growth-in-transactions-according-to-cbn/): The value of eNaira transactions has surged 63% to 22 billion naira ($47.7 million) this year, while about 13 million so-called e-wallets have been opened, a more than 12-fold increase from October, said Godwin Emefiele, the Central Bank of Nigeria’s governor. The amount of currency circulating in Africa’s largest economy has meanwhile dropped to about 1 trillion naira from 3.2 trillion naira in September, he told reporters in Abuja, the capital, on Tuesday. Many Nigerians have turned it&#8217;s lack of interest to use digital currency to transact, to sought after platform for transactions, after a chaotic demonetization policy gave rise to [&hellip;]
- [Crypto Market Rate Update Friday, 24th March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-thursday-24th-march-2023-naira-to-usd-usdt/): Opening prices for Friday, 24th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,127,026.22. Sell: NGN 20,919,329.06, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,360,967.39. Sell: NGN 1,341,200.30 and has increased [&hellip;]
- [Dubai UAE Central Bank Launches It's Digital Currency Strategy.](https://diutocoinnews.com/2023/03/dubai-uae-central-bank-launches-its-digital-currency-strategy/): The Central Bank of the UAE today, launched its Central Bank Digital Currency [CBDC] strategy called “The Digital Dirham.” The CBUAE has joined hands with G42 Cloud and R3, as the infrastructure and technology providers for its digital currency program. The bank newly launched a Financial Infrastructure Transformation [FIT] program. As reported last month, the initiative intends to enhance the pace of digital transformation of the financial services sector. It will do so by promoting digital transactions and encouraging innovation in the ecosystem. This is expected to sharpen UAE’s prospects to become the financial and digital payment hub. Specifically, the program [&hellip;]
- [List Of DAO Crypto Tokens Projects To Watch Out For](https://diutocoinnews.com/2023/03/list-of-dao-crypto-tokens-projects-to-watch-out-for/): List of DAO tokens that are performing in crypto exchanges. They represent the distribution of ownership and voting power among members in an active community. DAO tokens are basically used in a community for investing, giving, and raising funds. DAO Tokens has a total market capitalization of $19,781,758,816 and a total trading volume of $2,268,387,372 in the last 24 hours. Price Unit:&nbsp;$0.03481 Market Cap:&nbsp;$10,793,091 Distinct Features: BOSagora aims to build a decentralized blockchain platform that can implement a democratic decision-making system based on Congress Network and Smart Contracts. The goal of BOSagora is to create a decentralized, censorship-resistant blockchain platform where stakeholders [&hellip;]
- [Crypto Market Rate Update Wednesday, 23rd March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-wednesday-23rd-march-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 23rd March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,680,00.00. Sell: NGN 20,416,987.46, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,312,701.90. Sell: NGN 1,292,299.32 and has decreased [&hellip;]
- [Central Bank Of Nigeria Increases Interest Rate From 17.5% To 18%.](https://diutocoinnews.com/2023/03/central-bank-of-nigeria-increases-interest-rate-from-17-5-to-18/): The&nbsp;Central Bank of Nigeria&nbsp;on Tuesday reiterated it&#8217;s commitment towards curtailing the rising inflation, latest measure include raising its benchmark lending rate to 18 percent in an assertive move to contain the nation’s inflationary pressure. The CBN governor, Godwin Emefiele, announced this Tuesday after the apex bank’s Monetary Policy Committee (MPC) meeting that began Monday. Addressing journalists at the end of the two-day meeting in Abuja, Mr. Emefiele said the committee voted to keep the asymmetric corridor at +100 and -500 basis points around the MPR. He also disclosed that the MPC voted to keep the Cash Reserve Ratio (CRR) at 32.5 [&hellip;]
- [Crypto Market Rate Update For Tuesday, 22nd March, 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-for-tuesday-22nd-march-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 22nd March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,117,148.15. Sell: NGN 20,902,261.43, and has in decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,348,243.02. Sell: NGN 1,327,118.94 and has increased [&hellip;]
- [Bitcoin Prices Pushes Towards $30,000 In New 9 Months High.](https://diutocoinnews.com/2023/03/bitcoin-prices-pushes-towards-30000-in-new-9-months-high/): Bitcoin, the leading cryptocurrency in the world has been rallying for more than a week now despite the ongoing banking crisis in the country, which is close to bringing down another bank. Bitcoin price stood at $28,000 at the time of writing, rising by more than 27% in the span of seven days. The cryptocurrency is nearing the critical resistance at $28,567, and flipping the same into a support floor will prepare BTC for a rise to $30,000. The last time the biggest crypto asset in the world was at this price was nine months ago, in June 2022. Daily chart [&hellip;]
- [MetaMask Begins Direct Crypto Purchases With Nigerian Banks.](https://diutocoinnews.com/2023/03/metamask-begins-direct-crypto-purchases-with-nigerian-banks/): MetaMask self custody cryptocurrency trading platform has announced that it has enabled direct crypto purchases in Nigeria to enhance accessible as major crypto wallet MetaMask expands direct on-ramps with local banks. On March 21, MetaMask’s parent firm ConsenSys announced a new integration with crypto fintech MoonPay, enabling users in Nigeria to purchase crypto via instant bank transfers. The new feature is available within the MetaMask mobile and Portfolio DApp, significantly simplifying the process of buying crypto without using credit or debit cards in Nigeria. Before the partnership, MetaMask users in Nigeria had access to the MetaMask wallet, but the process of [&hellip;]
- [Crypto Market Rate Update For Tuesday 21st March, 2023: Naira To USD (USTD).](https://diutocoinnews.com/2023/03/crypto-market-rate-update-for-tuesday-21st-march-2023-naira-to-usd-ustd/): Opening prices for Tuesday, 21st March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,670,000.00. Sell: NGN 20,460,926.41, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,304,135.98. Sell: NGN 1,285,817.22 and has increased by [&hellip;]
- [<strong>FBI: Crypto Investment Fraud Climbed, 183% to $2.57 Billion In 2022.</strong>](https://diutocoinnews.com/2023/03/fbi-crypto-investment-fraud-climbed-183-to-2-57-billion-in-2022/): The 2022 Internet Crime Report published by the Federal Bureau of Investigation (FBI) last week, noted that the report is compiled using data from the agency’s Internet Crime Complaint Center (IC3) which “serves as a public resource to submit reports of cyberattacks and incidents,” the bureau described. “In 2022, investment scams were the costliest scheme reported to the IC3. Investment fraud complaints increased from $1.45 billion in 2021 to $3.31 billion in 2022, which is a 127% [increase],” the FBI wrote, adding: Within those complaints, cryptocurrency investment fraud rose from $907 million in 2021 to $2.57 billion in 2022, an increase [&hellip;]
- [<strong>Nigeria Launches Tech Funds Totalling $618 Million For Youth Investors.</strong>](https://diutocoinnews.com/2023/03/nigeria-launches-tech-funds-totalling-618-million-for-youth-investors/): Nigeria&#8217;s Vice President Yemi Osinbajo launched the $618 million fund under the Investment in Digital and Creative Enterprises (iDICE) in the federal capital Abuja, on Tuesday to support tech and creative sectors for young investors who struggle to raise capital in Africa&#8217;s largest economy. The fund targeting 15 to 35-year-olds &#8211; comes at a time when there are concerns locally about the failure of U.S. startup-focused lender SVB Financial Group, which has supported startups in Nigeria. So far only Chipper Cash, a cross-border payments startup, has said it had $1 million in SVB. Some of the biggest startups, including e-commerce firm [&hellip;]
- [<strong>Lagos Announces Plans To Set Up Crypto Hub, And Give Boost To Crypto Transactions.</strong>](https://diutocoinnews.com/2023/03/lagos-announces-plans-to-set-up-crypto-hub-and-give-boost-to-crypto-transactions/): Lagos Nigeria plans to set become the crypto hub of Africa, describing itself as the next crypto capital, as the state Governor, Babajide Sanwo-Olu announced bold proposals for crypto adoption in Lagos. “Lagos state has become an enviable state for startups, especially in the technology and innovation sector. Thus, we are committed to working with all stakeholders to promote the growth of the tech and blockchain industry, including cryptocurrency in Lagos State,” Sanwo-Olu said. Lagos state, a bustling commercial hub in Nigeria, with a vibrant tech ecosystem and a large population of young, tech-savvy individuals will boost greater adoption of crypto. [&hellip;]
- [<strong>Kenyans Put An Average of Sh 2000 in cryptocurrencies</strong>](https://diutocoinnews.com/2023/03/kenyans-put-an-average-of-sh-2000-in-cryptocurrencies/): Retail crypto traders in Kenya held cryptocurrencies worth an average of Sh2,076 ($16.08) each last year, ranking at the bottom of allocation to the alternative assets ahead of Nigeria. The 2023 digital global overview report by Meltwater, an online media monitoring company shows that Kenya was ranked 39 out of 40 countries sampled on the average annual spend on cryptocurrency per user last year. Switzerland retail investors topped the list of digital currencies purchased at an average of $960.7 last year and Nigeria was last at $14.76. The most popular cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), [&hellip;]
- [<strong>Naira Scarcity : Nigerians Adopt Fintech Virtual Bank As Commercial Banks Apps, USSD Breakdown.</strong>](https://diutocoinnews.com/2023/03/naira-scarcity-nigerians-adopt-fintech-virtual-bank-as-commercial-banks-apps-ussd-breakdown/): As the end of the Naira scarcity is nowhere in sight and following the breakdown of commercial banks mobile apps and USSD codes, Nigerians are switching to virtual fintech banks which provide swift transactions. Virtual banks like Opay Palmplay , Kuda are some of the top choices.&nbsp; The naira redesign has caused conventional banks to struggle with the attendant pressure that has come from Nigerians migrating to mobile and digital banking, causing their platforms to be overloaded. Banks were forced to close their doors to customers due to angry customers complained about their inability to withdraw money.&nbsp; With automated teller machines [&hellip;]
- [<strong>Nigeria Crypto Traders Lost Huge Sums As Impact Of USDC's $3.3 Billion Trapped In The Collapsed Silicon Valley Bank Depegs the Stablecoin.</strong>](https://diutocoinnews.com/2023/03/nigeria-crypto-traders-lost-huge-sums-as-impact-of-usdcs-3-3-billion-trapped-in-the-collapsed-silicon-valley-bank-depegs-the-stablecoin/): Stablecoin cryptocurrency firm Circle has $3.3 billion of its $40 billion of USD Coin deposit reserve at the collapsed lender Silicon Valley Bank, the company announced today. . The stablecoin company&#8217;s announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financial crisis, roiling global markets and stranding billions of dollars belonging to companies and investors. Traders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Silvergate (SI.N), which this week disclosed plans to wind down operations and voluntarily liquidate. Also Read: [&hellip;]
- [<strong>Nigeria Crypto Arbitrage Trading Rises To 62% As Cash Crunch Worsens.&nbsp;</strong>](https://diutocoinnews.com/2023/03/nigeria-crypto-arbitrage-trading-rises-to-62-as-cash-crunch-worsens/): Crypto demand in Nigeria keeps rising due to its great economic instability, as well as the implications of government monetary policies and the introduction of a central bank digital currency. The Central Bank of Nigeria has been promoting a digital, cashless economy and introduced the eNaira, Nigeria&#8217;s central bank&#8217;s digital currency (CBDC). So far, adoption rates have been poor. Less than 0.5% of the population reported using the eNaira as of its inception on Oct. 25, 2021. To further promote the shift to a cashless society, the Central Bank of Nigeria has tightened limits on ATM cash withdrawals, restricting individuals and [&hellip;]
- [<strong>Bitcoin, Ethereum Drops Amid Crypto Bank, Silvergate Collapse</strong>.&nbsp;](https://diutocoinnews.com/2023/03/bitcoin-ethereum-drops-amid-crypto-bank-silvergate-collapse/): Bitcoin and other major cryptocurrencies dropped, sending Bitcy below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped to $19,945 on March 10 before recovering to hover just above $20,000, according to data from CoinMarketCap.&nbsp; Bitcoin had a stellar start to 2023 but fell as much as 5% in an hour on March 3 amid uncertainty at Silvergate. The price doesn’t appear to have been able to lift since. The announcement that Silvergate Bank, one of the key banks in [&hellip;]
- [<strong>Crypto Market Rate Update Friday, 10th March, 2023: Naira to USD (USDT).</strong>](https://diutocoinnews.com/2023/03/crypto-market-rate-update-friday-10th-march-2023-naira-to-usd-usdt/): Opening prices for Friday, 10th March, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 15,028,702.62. Sell: NGN 14,764,505.51, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,063,960.03. Sell: NGN 1,038,544.53 and has increased by [&hellip;]
- [<strong>Introduction to Ninja Game Guild</strong>](https://diutocoinnews.com/2023/03/introduction-to-ninja-game-guild/): Game Guilds have been around for a very long time. Traditionally, they are communities of gamers who play video games together and have their own culture and members. Popular traditional gamers usually play mission games and Esports.&nbsp; They are famous examples of gaming guilds, only they get to generate a stable source of income from playing video games online.&nbsp; Then here comes the crypto gaming guild. This is an organization that is made up of gamers, investors, and managers. The aim of coming together is to achieve the goal of having players who play and earn money with the resources provided [&hellip;]
- [<strong>Nigerians Take Second Position In Global Crypto Leverage Trading Products Searches</strong>](https://diutocoinnews.com/2023/03/nigerians-take-second-position-in-global-crypto-leverage-trading-products-searches/): In a recent survey and analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for the term “trade crypto.”&nbsp; Regulators and consumer protection agencies must “provide greater safeguards against predatory practices,” according to a spokesperson for Leverage Trading. Leveraged Trading and the Risks Nigeria had the second-highest score (94) globally for searches related to crypto leverage in the past five years, the latest analysis of Google searches conducted by Leverage Trading has shown.&nbsp; According to the [&hellip;]
- [<strong>Fintech Industry In Africa Is Expected To $30 Billion Revenue Mark By 2025: Report.&nbsp;</strong>](https://diutocoinnews.com/2023/03/fintech-industry-in-africa-is-expected-to-30-billion-revenue-mark-by-2025-report/): Recent research report released by McKinsey and Company, a global management consulting firm, has projected that Africa’s Fintech revenue could hit $30 billion by 2025. Analysts at the company predict that African Fintech companies could see their revenue jump to about $230 billion by 2025.&nbsp; Regarded as one of the fastest growing industries in Africa, with five out of the seven unicorns on the continent being fintech companies, the Fintech industry is reported to have a significant impact on the day-to-day life on the continent. The significant growth of companies in the industry is reportedly fueled by several trends such as [&hellip;]
- [<strong>Hackers Allegedly Made Away With N2.9 Billion From Flutterwave</strong>.&nbsp;](https://diutocoinnews.com/2023/03/hackers-allegedly-made-away-with-n2-9-billion-from-flutterwave/): Trending reports have it that ₦2,949,557,867 has been fraudulently transferred from the accounts of African fintech unicorn, Flutterwave. The tech giant’s counsel, Albert Onimole, reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Techcabal reported. According to Onimole’s letter, the hack on Flutterwave’s accounts occurred about some weeks ago revealing that the said sum was initially transferred to 28 accounts in 63 transactions. Although the accounts that received the money were listed, the police are yet to freeze the receiving accounts to prevent the money being moved. According to Flutterwave, some commercial banks allowed the [&hellip;]
- [Nigeria Signs Data Protection Bill Into Law. ](https://diutocoinnews.com/2023/06/nigeria-signs-data-protection-bill-into-law/): Nigerian President, Bola Tinubu, during the week, signed the Data Protection Bill into law. This was contained in a statement signed by the Head, Legal Enforcement and Regulations, Nigeria Data Protection Bureau, Babatunde Bamigboye. The NDPB National Commissioner, Dr Vincent Olatunji, expressed optimism on the prospects of Nigeria’s Digital Economy following the emerging regulatory dispensation. He applauded the president for renewing the hope of over 200 million Nigerians in the advancement of privacy rights and other fundamental freedoms both in cyberspace and in analogue transactions, The statement read in part, “Nigeria has taken a giant leap forward in the global data [&hellip;]
- [Crypto Market Rate Update For Thursday 15th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-thursday-15th-june-2023-naira-to-usd-usdt/): Opening prices for Thursday, 15th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,119,303.85. Sell: NGN 19,000,001.01, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,265,825.67. Sell: NGN 1,247,812.78 and has decreased by [&hellip;]
- [Nigerian Government Can Lift Ban On Crypto To Promote Blockchain Policy.](https://diutocoinnews.com/2023/06/nigerian-government-can-lift-ban-on-crypto-to-promote-blockchain-policy/): The Nigerian Federal Government may soon lift its ban on cryptocurrency following its recently announced blockchain policy according to Economic and blockchain experts in the country. According to the newly approved National Blockchain Policy, “The Nigerian Government recognises cryptocurrency as one of the components that will catalyse the adoption of blockchain technology. “Hence, the Nigerian Government, through this policy, provides a framework for the use of cryptocurrencies, among others, which can help to mitigate risks such as money laundering and fraud. This can help to build trust in cryptocurrency and make it more accessible to businesses and individuals in Nigeria.” This [&hellip;]
- [CBN Direct Banks To Trade Naira Freely Against Dollar, Harmonizing Bank And Black Market Prices  To Over N700/ Dollar.](https://diutocoinnews.com/2023/06/cbn-direct-banks-to-trade-naira-freely-against-dollar-harmonizing-bank-and-black-market-prices-to-over-n700-dollar/): On Wednesday, The Central Bank of Nigeria directed Deposit Money Banks to remove the rate cap on the naira at the Investors and Exporters’ (I&amp;E) Window of the foreign exchange market, to allow for a free float of the national currency against the dollar and other global currencies. The development came barely two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates. According to the chief executive officer of a commercial bank, who confirmed the development, banks are now allowed to trade forex on the I &amp; E window at any rate, subject to N1 spread. Also [&hellip;]
- [Crypto Market Rate Update For Wednesday 14th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-wednesday-14th-june-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 14th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,770,000.00. Sell: NGN 19,674,359.65, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,330,016.84. Sell: NGN 1,317,663.13 and has decreased by [&hellip;]
- [Crypto Market Rate Update For Tuesday 13th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-tuesday-13th-june-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 13th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,803,000.00. Sell: NGN 19,662,501.78, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,338,163.67. Sell: NGN 1,315,537.54 and has decreased by [&hellip;]
- [Criminal Gang In Dubai Convicted Over Dh10 Million Bitcoin Scam.](https://diutocoinnews.com/2023/06/criminal-gang-in-dubai-convicted-over-dh10-million-bitcoin-scam/): Fraudsters who ran an elaborate Bitcoin scam in Dubai worth Dh10 million have been fined more than Dh321,000 each. The Dubai Criminal Court heard how the gang, which comprised one Pakistani national and six Bangladesh nationals – posted videos on TikTok about mining and investing in cryptocurrency. The group – aged between 24 and 46 – targeted 180 victims in the UAE, who reported the scam to Al Muraqqabat Police Station in December. The men, who avoided jail sentences, were fined for illegally obtaining the money. In addition, they were each fined Dh20,000 for practising virtual assets work without obtaining a [&hellip;]
- [Nigeria To Tax 10% On Crypto and Digital Assets Gains.](https://diutocoinnews.com/2023/06/nigeria-to-tax-10-on-crypto-and-digital-assets-gains/): The Nigerian Finance Act, 2023, introduces a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions was the introduction of a 10% tax on gains from the disposal of digital assets, including cryptocurrencies. The comprehensive legislation seeks to enhance fiscal transparency, boost revenue generation and promote economic growth. Recognizing the increasing prominence of digital assets, the act aims to impose a tax on cryptocurrencies. By doing so, the Nigerian government seeks to create a level playing field to ensure digital asset holders contribute their share of taxes to the country’s development. This indicates Nigeria’s recognition of [&hellip;]
- [Crypto Market Rate Update For Monday 12th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-monday-12th-june-2023-naira-to-usd-usdt/): Opening prices for Monday, 12th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,734,930.69. Sell: NGN 19,567,157.50, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,337,321.28. Sell: NGN 1,317,742.35 and has decreased by [&hellip;]
- [Crypto Market Rate Update For Sunday 11th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-sunday-11th-june-2023-naira-to-usd-usdt/): Opening prices for Sunday, 11th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,500,000.00. Sell: NGN 19,424,166.25, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,344,376.56. Sell: NGN 1,316,724.64 and has decreased by [&hellip;]
- [Binance Nigeria Operation Is Illegal: Nigeria SEC. ](https://diutocoinnews.com/2023/06/binance-nigeria-operation-is-illegal-nigeria-sec/): In a press release published on Friday, the Securities and Exchange Commission (the Commission) said that it has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms. It stated that Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member of the investing public dealing with the entity is doing so at his/her own risk. &#8220;As the regulator with the statutory mandate of investor protection, the Commission urges Nigerians to be wary of investing [&hellip;]
- [President Tinubu Suspends Nigeria Central Bank Governor. ](https://diutocoinnews.com/2023/06/president-tinubu-suspends-nigeria-central-bank-governor/): The Nigerian President, Bola Tinubu has ordered the immediate suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, from office. The suspension takes immediate effect. The Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey disclosed this in a statement on Friday night. He explained that the suspension of the CBN governor was based on an ongoing investigation as well as planned reforms in the financial sector. The PUNCH reports the Federal High Court in Abuja, on Tuesday, summoned Emefiele, over a $53 million judgment debt arising from the Paris Club refunds. The presiding [&hellip;]
- [Crypto Market Rate Update For Saturday 10th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-saturday-10th-june-2023-naira-to-usd-usdt/): Opening prices for Saturday, 10th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,550,000.00. Sell: NGN 19,333,000.00, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,356,993.70. Sell: NGN 1,339,934.87 and has decreased by [&hellip;]
- [Nigeria Partners With Israel To Create 1 Million Jobs Through Digital Economy. ](https://diutocoinnews.com/2023/06/nigeria-partners-with-israel-to-create-1-million-jobs-through-digital-economy/): Israeli Ambassador to Nigeria, Michael Freeman has disclosed the readiness of his country to partner with Nigeria towards realisation of the policy on creation of one million jobs through digital economy. Freeman, who is also the Permanent Representative of Israel to ECOWAS, made the disclosure at a news conference on the official inauguration of the 3rd cohort of the Innovation Fellowship for Aspiring Inventors and Researchers (I-FAIR) on Thursday in Abuja. He said Israel remains excited over plans to partner with President Bola Tinubu’s administration to achieve meaningful growth through digital technology, noting that the first two editions of the I-FAIR [&hellip;]
- [Crypto Market Rate Update For Friday 9th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-friday-9th-june-2023-naira-to-usd-usdt/): Opening prices for Friday, 9th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,147,525.04. Sell: NGN 20,047,849.42, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,413,354.39. Sell: NGN 1,384,316.62 and has decreased by [&hellip;]
- [Did Gensler (SEC Chair) Really Offered To Serve As An Advisor For Binance or Gensler Applied And Was Rejected ?](https://diutocoinnews.com/2023/06/did-gensler-sec-chair-really-offered-to-serve-as-an-advisor-position-or-gensler-applied-and-was-rejected/): US SEC Chair, Gary Gensler, who is in the middle of a heavy crackdown on crypto companies, offered to serve as an advisor to Binance’s parent company in 2019, according to the lawyers for Binance and founder Changpeng Zhao. Documents filed by the SEC on Wednesday indicate that attorneys from Gibson Dunn and Latham &amp; Watkins, two of Binance’s law firms, allege that Gensler offered to serve as an advisor to the crypto exchange in several March 2019 conversations with Binance executives and Zhao. He eventually met Zhao in Japan for lunch later that month, the filing claims. At the time, [&hellip;]
- [Crypto Market Rate Update For Thursday 8th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-thursday-8th-june-2023-naira-to-usd-usdt/): Opening prices for Thursday, 8th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,294,145.24. Sell: NGN 20,067,000.11, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,421,427.57. Sell: NGN 1,404,674.47 and has decreased by [&hellip;]
- [CBN: Why We Boot Out Cryptocurrency. ](https://diutocoinnews.com/2023/06/cbn-why-we-boot-out-cryptocurrency/): The Central Bank of Nigeria (CBN) has explained how the interference of the private sector and the lack of transparency in the cryptocurrency ecosystem forced it to put an end to the growth of digital in Nigeria. Deputy Governor Economic Policy of the CBN Dr. Kinsley Obiora made this disclosure in Abuja at the Business Session of the Fiscal Liquidity Assessment Committee (FLAC) retreat, organized by the CBN. Obiora said members of the private sector, fearing that the CBN’s decision to print more money will lead to hyperinflation decided to create cryptocurrency as a response. Over time, the creators of cryptocurrency, [&hellip;]
- [Crypto Market Rate Update For Wednesday 7th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-wednesday-7th-june-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 7th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,700,000.00. Sell: NGN 20,494,120.22, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,449,684.86. Sell: NGN 1,429,261.41 and has increased by [&hellip;]
- [Crypto Market Rate Update For Tuesday 6th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-tuesday-6th-june-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 6th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,728,000.00. Sell: NGN 19,491,378.70, and has decreased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,392,151.06. Sell: NGN 1,369,983.37 and has decreased by [&hellip;]
- [Binance Responds To US SEC's Malpractice Litigation.](https://diutocoinnews.com/2023/06/binance-responds-to-us-secs-malpractice-litigation/): Binance has released a strong worded official response to US SEC litigation against the global crypto exchange. Binance expresses its disappointment with the regulatory body, describing its action as an act to unilaterally define crypto structure.  The Crypto exchange platform also accused the commission of rushing to make headlines with concluding investigations. Binance notes that it gave the SEC free access to look into its US activities. In the press release, Binance stated that it&#8217;s ready to vigorously defend it&#8217;s platform. &#8220;We intend to defend our platform vigorously.&nbsp; Unfortunately, the SEC’s refusal to productively engage with us is just another example [&hellip;]
- [SEC Files 13 Charges Against Binance For Breach Of Us Operational Laws.](https://diutocoinnews.com/2023/06/sec-files-13-charges-against-binance-for-breach-of-us-operational-laws/): A developing report at the moment reveals that The United States Securities and Exchange Commission (SEC) filed suit against Binance, its U.S. platform and CEO Changpeng Zhao (CZ) in the District Court for the District of Columbia on June 5. The U.S. regulator pressed 13 charges against Binance, including unregistered offers and sales of the BNB (BNB) and BUSD tokens, the Simple Earn and BNB Vault products and its staking program. In addition, the SEC alleges in the suit that Binance failed to register its Binance.com platform as an exchange or a broker-dealer clearing agency. Further, it claimed Binance and BAM [&hellip;]
- [Crypto Market Rate Update For Monday 5th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-monday-5th-june-2023-naira-to-usd-usdt/): Opening prices for Monday, 5th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,274,734.23. Sell: NGN 20,125,550.20, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,413,171.00. Sell: NGN 1,399,511.73 and has increased by [&hellip;]
- [Kenya's Central Bank Says It May Not Be A Strong Priority To Launch A Central Bank Digital Currency CBDC.](https://diutocoinnews.com/2023/06/kenyas-central-bank-says-it-may-not-be-a-strong-priority-to-launch-a-central-bank-digital-currency-cbdc/):  The Central Bank of Kenya in a press release titled &#8220;Issuance of Discussion Paper on Central Bank Digital Currency: Comments&#8221;  noted that the Public received comments on a discussion paper on the potential issuance of a digital shilling, haven&#8217;t reached a definitive conclusion. In a June 2 announcement on Twitter, Kenya’s central bank said it received more than 100 comments from members of the public, commercial banks, tech firms and other participants across nine countries regarding the issuance of a central bank digital currency, or CBDC. The responses varied from highlighting potential benefits and risks, but the central bank said it [&hellip;]
- [Atomic Wallet Has Been Hacked, Users Report Total Loss of Portfolio.](https://diutocoinnews.com/2023/06/atomic-wallet-has-been-hacked-users-report-total-loss-of-portfolio/): Atomic Wallet has apparently been hacked, with users reporting complete losses of their crypto portfolios. Atomic is a noncustodial decentralized wallet, meaning users are responsible for assets stored in the application. “We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly,” stated Atomic’s team in a tweet on June 3. Several users have commented on the post reporting losses, claiming funds have been wiped from the digital wallet app. On-chain sleuth ZachBTX — known for tracing stolen funds and assisting hacked [&hellip;]
- [Crypto Market Rate Update For Sunday 4th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-sunday-4th-june-2023-naira-to-usd-usdt/): Opening prices for Sunday, 4th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,403,850.52. Sell: NGN 20,255,311.55, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,433,508.65. Sell: NGN 1,414,758.76 and has increased by [&hellip;]
- [Uniswap Scam Alert: Phishing Scammers Impersonate Company Executives, and Create A Fake Website.](https://diutocoinnews.com/2023/06/uniswap-scam-alert-phishing-scammers-impersonate-company-executives-and-create-a-fake-website/): The creator of the Uniswap protocol and CEO of Uniswap Labs,&nbsp; Hayden Adams recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website. In a tweet, Adams indicated his astonishment at the elaborate nature of the scam, emphasizing that it required a significant amount of effort. He further disclosed that the scammers had incorporated Chinese community content into their scheme and even included links directing users to the legitimate Uniswap app on their deceptive website. To add an extra layer of credibility to their scheme, the scammers went to great lengths by organizing an hour-long [&hellip;]
- [Crypto Market Rate Update For Saturday 3rd June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-saturday-3rd-june-2023-naira-to-usd-usdt/): Opening prices for Saturday, 3rd June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,474,512.77. Sell: NGN 20,348,100.01, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,432,844.13. Sell: NGN 1,422,316.23 and has increased by [&hellip;]
- [Cloud Adoption In Nigeria, Huawei and FinTechNGR Releases White Paper.](https://diutocoinnews.com/2023/06/cloud-adoption-in-nigeria-huawei-and-fintechngr-releases-white-paper/): Huawei, a global ICT service provider, and FinTech Association of Nigeria (FinTechNGR) have published a white paper on the adoption of financial technology and cloud services in the country. The white paper: ‘Nigerian FinTech’s Cloud Adoption’ centres on Huawei deployment of cloud services and operation in the fintech industry and how to guide businesses adopting cloud services. Vice President of Huawei Cloud Nigeria, Paul Adigu, at the launch in Lagos, noted that innovation and stability were the major driving factors in the nation’s fintech space and assured that the company was resilient in addressing the visible challenges in the industry through [&hellip;]
- [Crypto Market Rate Update For Friday 2nd June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-friday-2nd-june-2023-naira-to-usd-usdt/): Opening prices for Friday, 2nd June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,225,000.00. Sell: NGN 20,217,536.23, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,430,965.06. Sell: NGN 1,407,277.24 and has increased by [&hellip;]
- [Ghana Central Bank Retains At %29.5 As Inflation Goes Down.](https://diutocoinnews.com/2023/06/ghana-central-bank-retains-at-%29-5-as-inflation-goes-down/): Recently, Ghana&#8217;s central bank kept its key interest rate (GHCBIR=ECI) at 29.5%, citing tight monetary policy and comparatively stable currency rates as factors contributing to falling inflation Ernest Addison, governor of the Bank of Ghana, said that there had been a notable reduction in the number of products in the Consumer Price Index basket reporting inflation exceeding 50% since the year&#8217;s beginning. Additionally, after reaching a more than two-decade inflation-rate high of 54.1% in December, Ghana&#8217;s consumer inflation dropped for the fourth consecutive month in April, to 41.2% year on year. Also Read: Ghana Cedis Makes A Comeback As Best Performing [&hellip;]
- [CBN Has reportedly devalues Naira to 630/$1.](https://diutocoinnews.com/2023/06/cbn-has-reportedly-devalues-naira-to-630-1/): The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&amp;E) window the previous day, according to a report gathered. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans of the federal government to unify the country’s exchange rate to stimulate the economy. In his inaugural speech, minutes after he was inaugurated as the 16th president of the country, Tinubu said,&nbsp; “Monetary policy needs a thorough house cleaning. The Central Bank must work towards a unified exchange rate. This will direct funds away [&hellip;]
- [Crypto Market Rate Update For Thursday, 1st June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-thursday-1st-june-2023-naira-to-usd-usdt/): Opening prices for Thursday, 1st June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,310,000.00. Sell: NGN 20,140,761.23, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,406,859.77. Sell: NGN 1,391,012.67 and has increased by [&hellip;]
- [Egyptian Police Arrests 29 Over Hoggpool Crypto Cloud Mining Scam.](https://diutocoinnews.com/2023/06/egyptian-police-arrests-29-over-hoggpool-crypto-cloud-mining-scam/): Egyptian security forces recently arrested 29 people associated with the Hoggpool cryptocurrency investment scam. During the arrests, the police reportedly said as many as 95 phones and 3,367 SIM cards were seized. Domestic and foreign currency worth $194,000 was also recovered, the report added. According to a CBS News report that quotes from a statement issued by police, the alleged masterminds behind the cryptocurrency mining app scam used a total of 88 digital currency wallets to receive funds from investors. Once the funds were received, the criminal gang then proceeded to redistribute these between 9,965 digital wallets. The funds were later [&hellip;]
- [Crypto Market Rate Update For Wednesday, 31st May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-wednesday-31st-may-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 31st May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,670,000.00. Sell: NGN 20,470,719.21, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,422,323.16. Sell: NGN 1,405,234.60 and has increased by [&hellip;]
- [Central Bank of Nigeria Has Revoked Operating Licences of 132 Microfinance Banks. ](https://diutocoinnews.com/2023/05/central-bank-of-nigeria-has-revoked-operating-licences-of-132-microfinance-banks/): Recently the Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the Federal Government published on the website of the CBN on Tuesday. According to the gazette, the licences of the financial institutions were revoked because they ceased to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months. They were also alleged to have “failed to fulfill or comply with the conditions subject to [&hellip;]
- [Crypto Market Rate Update For Tuesday, 30th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-tuesday-30th-may-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 30th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,930,000.00. Sell: NGN 20,901,892.95, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,431,665.01. Sell: NGN 1,422,077.38 and has increased by [&hellip;]
- [Africa Set To Move Forward As Leading Fintech Region With New Technologies. ](https://diutocoinnews.com/2023/05/africa-set-to-move-forward-as-leading-fintech-region-with-new-technologies/): Latest research report from the Global Fintech 2023 by the Boston Consulting Group and QED Investors, Africa and the Middle East are likely to surpass established fintech centers if they adopt new technologies.&nbsp; The report also noted that while cash is “still king” in Africa, fintech startups are ideally positioned to solve the continent’s financial exclusion woes. By overcoming this, the fintechs will help make Africa one of the fastest-growing regions globally. On how Africa is likely to achieve this feat, the report pointed to the continent’s projected population growth of 1.2 billion more inhabitants by 2050. The report also cited [&hellip;]
- [Crypto Market Rate Update For Monday, 29th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-monday-29th-may-2023-naira-to-usd-usdt/): Opening prices for Monday, 29th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,430,620.96. Sell: NGN 21,338,815.60, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,476,502.28. Sell: NGN 1,450,485.99 and has increased by [&hellip;]
- [Crypto Market Rate Update For Sunday, 28th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-sunday-28th-may-2023-naira-to-usd-usdt/): Opening prices for Sunday, 28th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,850,000.00. Sell: NGN 20,778,839.11, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,419,033.84. Sell: NGN 1,403,067.58 and has increased by [&hellip;]
- [Patricia, Bitcoin And Gift Card Trading Platform Suspends Withdrawal Following Security Breach.](https://diutocoinnews.com/2023/05/patricia-bitcoin-and-gift-card-trading-platform-suspends-withdrawal-following-security-breach/): Patricia, Gift card and crypto exchange platform, has announced that it was a victim of a security breach that compromised its bitcoin and naira assets. In the message it sent to users, it said other cryptocurrencies and customer funds were unaffected by the breach. It has identified an individual among the syndicate responsible for the breach and it is working with law enforcement to recover assets. However, customers will be unable to withdraw funds from the platform as it is &#8220;undergoing internal restructuring.&#8221; While Patricia did not disclose how much of its assets were comprised in the breach, it revealed that [&hellip;]
- [South Africa Plans To Get Crypto Firms In The Country To Apply For License. ](https://diutocoinnews.com/2023/05/south-africa-plans-to-get-crypto-firms-in-the-country-to-apply-for-license/): Cryptocurrency companies interested in doing business in South Africa will need to apply for a license from the country’s Financial Sector Conduct Authority (FSCA) in the six months starting June 1. While South African crypto companies have welcomed the new licensing regime, they worry the fine waiting for those that fail to register in time may sink smaller companies or drive away firms that want to enter the market after the deadline has passed.&nbsp; “The licensing requirements that will flow from the FSCA’s classification will drive up standards, protect consumers, and give businesses the certainty to invest, innovate and create jobs,” [&hellip;]
- [Crypto Market Rate Update For Saturday, 27th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-saturday-27th-may-2023-naira-to-usd-usdt/): Opening prices for Saturday, 27th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,617,477.34. Sell: NGN 20,516,330.30, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,415,329.10. Sell: NGN 1,401,782.70 and has increased by [&hellip;]
- [Bitcoin Payment Platform, Bottlepay Shuts Down Services, Ask Users To Withdraw Funds.](https://diutocoinnews.com/2023/05/bitcoin-payment-platform-bottlepay-shuts-down-services-ask-users-to-withdraw-funds/): Popular Bitcoin payment platform Bottlepay, has announced its closure on Monday, July 24, 2023, leaving users with the task of withdrawing their funds. The company stated that all accounts will be closed, and users are urged to withdraw their funds either as Bitcoin or fiat currency (GBP/EUR) from the Bottlepay app before the closure date.&nbsp; Failure to withdraw funds by the closure date will result in Bitcoin being converted to fiat currency and returned to the nominated bank account, while any fiat left in the account will be returned to the nominated bank account as well. In a statement, Bottlepay advised [&hellip;]
- [Crypto Market Rate Update For Friday, 26th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-friday-26th-may-2023-naira-to-usd-usdt/): Opening prices for Friday, 26th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,399,999.00. Sell: NGN 20,314,340.91, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,400,563.44. Sell: NGN 1,387,813.68 and has increased by [&hellip;]
- [Nigerian Banks Can Now Issue National Identity Card Enabled ATM Cards.](https://diutocoinnews.com/2023/05/nigerian-banks-can-now-issue-national-identity-card-enabled-atm-cards/): The federal government says Nigerians can now request their commercial banks to issue them with a debit card which doubles as their National Identity Card at no extra cost. The Minister of Communications and Digital Economy, Isa Pantami, who disclosed this on Wednesday in Abuja, said the approval was obtained at the meeting of the Federal Executive Council (FEC). The meeting was presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. He explained that the approval followed a memo from the National Identity Management Commission (NIMC) allowing banks to print multipurpose debit cards that double as National identity cards. [&hellip;]
- [Central Bank of Nigeria Raises Interest Rate To 18.5 Percent. ](https://diutocoinnews.com/2023/05/central-bank-of-nigeria-raises-interest-rate-to-18-5-percent/): The policy-setting committee of the Central Bank of Nigeria (CBN) on Wednesday raised the monetary policy rate (MPR), which measures interest rate, from 18 percent to 18.5 percent. Last week, Nigeria’s inflation rate rose to 22.22 percent amid the surge in food prices. The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate used within an economy is built on it. Godwin Emefiele, governor of the apex bank, announced the development to journalists on Wednesday after the committee’s meeting at the CBN headquarters in Abuja. The development is the third consecutive time the apex [&hellip;]
- [Crypto Market Rate Update For Thursday, 25th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-thursday-25th-may-2023-naira-to-usd-usdt/): Opening prices for Thursday, 25th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,290,000.00. Sell: NGN 20,135,718.54, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,385,438.27. Sell: NGN 1,366,411.70 and has increased by [&hellip;]
- [eNaira: 98.5% Of Wallet Unused, IMF Says Adoption Is Low](https://diutocoinnews.com/2023/05/enaira-98-5-of-wallet-unused-imf-says-adoption-is-low/): The International Monetary Fund (IMF) says 98.5 percent of eNaira wallets have not been used even once, it described the public adoption of the eNaira as &#8220;disappointingly low&#8221;. In its recently released working paper titled ‘Nigeria’s eNaira, One Year After’, the Bretton Woods institution took stock of the first year of the eNaira —the first central bank digital currency (CBDC) in Africa. President Muhammadu Buhari formally launched the digital currency at the state house in Abuja on October 25, 2021. The IMF said despite the laudable undisrupted operation for the first full year, the CBDC project has not yet moved beyond [&hellip;]
- [Crypto Market Rate Update For Wednesday, 24th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-wednesday-24th-may-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 24th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,560,000.00. Sell: NGN 20,443,001.01, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,400,452.83. Sell: NGN 1,393,543.60 and has increased by [&hellip;]
- [OKX Wallet Enables BRC-20 Trading on its Ordinals Marketplace, Launches Bitcoin Cross-Chain Swap.](https://diutocoinnews.com/2023/05/okx-wallet-enables-brc-20-trading-on-its-ordinals-marketplace-launches-bitcoin-cross-chain-swap/): OKX Wallet has announced that BRC-20 trading is now live on its Ordinals Marketplace, making it the first and only multi-chain wallet to support the trading of BRC-20 tokens on mobile. Support for BRC-20 token trading on the web version of OKX Wallet will be available in the near&nbsp; &nbsp;global crypto exchange said in a communication released to the media.&nbsp; The Ordinals Marketplace will allow users to view real-time data to participate in ongoing token sales, as well as the option to buy tokens that have completed sales on the marketplace. Users can also view the assets they own in the [&hellip;]
- [Crypto Market Rate Update For Tuesday, 23rd May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-tuesday-23rd-may-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 23rd May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,890,000.00. Sell: NGN 20,821,802.01, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,422,043.00. Sell: NGN 1,410,714.54 and has increased by [&hellip;]
- [40% Of African Banks And Telecoms Are Threatened By The Growth Of Fintechs: Report. ](https://diutocoinnews.com/2023/05/40-of-african-banks-and-telecoms-are-threatened-by-the-growth-of-fintechs-report/): In the latest African Banker annual report, of the 153 banks that were surveyed about 40% said they “regard fintechs and telcos as high threats.” The survey study also found that some 69% of the surveyed banks view artificial intelligence (AI) as the “most important technology shaping the industry in the near future.” A year earlier, about 74% of the banks had identified cybersecurity “as one of the most important trends” for the industry’s future. In its&nbsp; press statement, the African Banker magazine, fintechs along with digital-first banks, mobile money, and agency banking have revolutionized the continent’s banking industry. In the [&hellip;]
- [Hotbit Crypto Exchange Stops Operation, Asks Users To Withdraw Funds, As Users Complain Of Inability To Withdraw.](https://diutocoinnews.com/2023/05/hotbit-crypto-exchange-stops-operation-asks-users-to-withdraw-funds-as-users-complain-of-inability-to-withdraw/): Crypto exchange trading platform Hotbit has announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC. In a message sent out to the public, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August 2022. According to the exchange, the probe forced it to stop its business for weeks. In addition, Hotbit also cited various incidents within the crypto space as contributors to its decline. The exchange cited the FTX collapse and [&hellip;]
- [Crypto Market Rate Update For Monday, 22nd May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-monday-22nd-may-2023-naira-to-usd-usdt/): Opening prices for Monday, 22nd May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,504,000.00. Sell: NGN 20,410,316.10, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,385,100.11. Sell: NGN 1,375,577.27 and has increased by [&hellip;]
- [Whatsapp New Feature Allows Users To Hide And Lock Conversations They Wish To Safeguard. ](https://diutocoinnews.com/2023/05/whatsapp-new-feature-allows-users-to-hide-and-lock-conversations-they-wish-to-safeguard/): Meta ( formerly Facebook) has added a new feature to WhatsApp that allows users to lock specific chats using a password or biometric authentication. Additionally, these conversations will be stored in a separate folder and it also hides the name and the actual message in the notification, which can only be accessed post authentication. A new feature Chat Lock will remove a chat thread from the app&#8217;s regular on screen inbox and place it into a new folder that can only be opened by a password or biometric, such as facial recognition or a fingerprint. Calling it &#8220;one more layer of [&hellip;]
- [Crypto Market Rate Update For Sunday, 21st May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-sunday-21st-may-2023-naira-to-usd-usdt/): Opening prices for Sunday, 21st May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,564,830.00. Sell: NGN 20,441,493.84, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,384,193.59. Sell: NGN 1,372,010.99 and has increased by [&hellip;]
- [Tanzania Plans To Link 8 Million Tanzanians To Broadband Including Mobile Network Operators.](https://diutocoinnews.com/2023/05/tanzania-plans-to-link-8-million-tanzanians-to-broadband-including-mobile-network-operators/): The Tanzanian government, supported by the World Bank, has partnered with a number of mobile network operators to begin project ‘Digital Tanzania’. The government aims to see the extension of broadband services to 1,407 villages, benefiting over eight million Tanzanians across the country, with an aim to achieve 80 percent broadband penetration by 2025. H.E. President Suluhu of Tanzania said: “This project will see all 26 regions across Tanzania’s mainland reached with quality and reliable telecommunication services compared to Zanzibar which was wholly covered in November 2022. “The presence of services is of great significance not only in rural areas but [&hellip;]
- [Cyber Criminals With North Korea Connection Stole $721 Million Worth Of Crypto Assets From Japan.](https://diutocoinnews.com/2023/05/cyber-criminals-with-north-korea-connection-stole-721-million-worth-of-crypto-assets-from-japan/): Blockchain intelligence firm Elliptic latest research findings shows that North Korea-coordinated cyber attacks targeting Japanese crypto assets netted $721 million worth of digital assets between 2022 and 2017. This figure is equivalent to 30% of total &nbsp;global losses that have been attributed to North Korea-affiliated hacker groups. According to a report in Nikkei Asia, which commissioned the study, the value of crypto assets stolen from Japan alone is 8.8 times more than North Korea’s 2021 export figure. While the cyber attackers are thought to have targeted several countries, the Nikkei report suggested that Japan and Vietnam were especially targeted because of [&hellip;]
- [Crypto Market Rate Update For Saturday, 20th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-saturday-20th-may-2023-naira-to-usd-usdt/): Opening prices for Saturday, 20th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,549,999.00. Sell: NGN 20,437,643.88, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,385,137.24. Sell: NGN 1,376,135.50 and has increased by [&hellip;]
- [Ripple (XRP) Builds CBDC Platform For Govt and Financial Institutions.](https://diutocoinnews.com/2023/05/ripple-xrp-builds-cbdc-platform-for-govt-and-financial-institutions/): Payment network Ripple is set to launch a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency. Using Ripple&#8217;s platform, government institutions can manage and customize the entire life cycle of the CBDC, which includes minting, distribution, redemption and token burning. Financial institutions would also be able to manage and participate in inter-institutional settlement and distribution functions using the CBDC. Also Read: eNaira CBDC: Central Bank of Nigeria Introduces Voucher And USSD Features. Central banks can issue both wholesale and retail CBDCs, which can make offline transactions as well. The [&hellip;]
- [Crypto Market Rate Update For Friday, 19th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-friday-19th-may-2023-naira-to-usd-usdt/): Opening prices for Friday, 19th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,618,000.00. Sell: NGN 20,469,500.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,389,886.34. Sell: NGN 1,376,004.16 and has increased by [&hellip;]
- [Nigeria Forex Inflow Declined By $72 Billion.](https://diutocoinnews.com/2023/05/nigeria-forex-inflow-declined-by-72-billion/): According to data obtained from the CBN’s economic report for the fourth quarter (Q4) of 2022 which was released on its website recently, stating that the country’s net total foreign exchange (FX) inflow closed at $72.4 billion in 2022. The figure marked a 23.3 per cent decline compared to the $94.3 billion recorded in 2021 and also a 37.4 per cent decline compared to $115.6 billion received in 2020. A breakdown of the data showed that $29.89 billion came into the country through the CBN, while $42.49 billion came in through autonomous sources. Conversely, a total of $40.99 billion was recorded [&hellip;]
- [Crypto Market Rate Update For Thursday, 18th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-thursday-18th-may-2023-naira-to-usd-usdt/): Opening prices for Thursday, 18th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,710,000.00. Sell: NGN 20,553,202.13, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,391,841.88. Sell: NGN 1,373,724.78 and has increased by [&hellip;]
- [Microsoft, Goldman Sachs, Others Set To Launch New Blockchain Network.](https://diutocoinnews.com/2023/05/microsoft-goldman-sachs-others-set-to-launch-new-blockchain-network/): A novel blockchain network aimed at financial institutions is in the works, called the The Canton blockchain network for financial institutions is being launched by Digital Asset and a group of firms, including Microsoft, Goldman and Deloitte. According to the announcement on May 9, the Canton Network will be a privacy-enabled interoperable blockchain network aimed at those working with institutional assets. It will allow the synchronization of financial markets that were “previously siloed.” The network will begin testing its capabilities in July, which include extensive privacy controls and the ability to achieve the scale and performance needed by major financial institutions. [&hellip;]
- [Crypto Market Rate Update For Wednesday, 17th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-wednesday-17th-may-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 17th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,400,000.00. Sell: NGN 20,314,717.03, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,378,477.78. Sell: NGN 1,363,720.88 and has increased by [&hellip;]
- [NFT Sales Increased By 31% This Week, Bitcoin NFTs, As Bitcoin NFT Leaped To 187%. ](https://diutocoinnews.com/2023/05/nft-sales-increased-by-31-this-week-bitcoin-nfts-as-bitcoin-nft-leaped-to-187/): Non-fungible token (NFT) sales witnessed a rise this week, recording a 31.22% increase compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023.&nbsp;&nbsp; Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating from the Bitcoin blockchain. Bitcoin NFT sales have emerged as a key contributor in the digital collectible sales landscape, among 21 distinct blockchains according to cryptoslam.io data documented on May 14, 2023. Ethereum NFT sales continued to reign supreme with [&hellip;]
- [Egypt Arrest Many Over Online Crypto Scam. ](https://diutocoinnews.com/2023/05/egypt-arrest-many-over-online-crypto-scam/): Egyptian authorities have arrested 29 people, including 13 foreign citizens, accused of running an online cryptocurrency scam that defrauded thousands of investors, state media reported. Authorities have arrested 29 people, including 13 foreign citizens, in connection with the fraudulent platform known as &#8220;HoggPool.&#8221; The scheme first appeared in Egypt in August, promising investors large profits from crypto mining and trading. Crypto trading in 2018 was declared forbidden in Egypt under Islamic law. While that religious decree was not legally binding, a de facto ban has been in place thanks to prohibitive banking laws introduced in 2020.&nbsp; The scheme promised large profits [&hellip;]
- [Crypto Market Rate Update For Tuesday, 16th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-for-tuesday-16th-may-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 16th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,415,000.00. Sell: NGN 20,263,046.59, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,371,256.39. Sell: NGN 1,354,658.18 and has increased by [&hellip;]
- [Legislators Push For Use Of Stablecoin Crypto As Bail Bond. ](https://diutocoinnews.com/2023/05/legislators-push-for-use-of-stablecoin-crypto-as-bail-bond/): New York state legislators have proposed certain amendments to the law that could allow residents to settle bail bonds in stablecoins instead of fiat currency. The bill could become official six months after the relevant regulators greenlight it. Domestic lawmakers have previously introduced legislation that aims to make certain cryptocurrencies an official means of payment for civil penalties, fines, taxes, and other fees. New York Assembly Bill 7024, presented on May 10, seeks to establish a system for “the administration of the acceptance, recording, and processing of stablecoins as a means of securing bail.” However, the officials did not disclose which [&hellip;]
- [Zimbabwe Central Bank Sells Millions Of Gold Backed Crypto Tokens Despite IMF Caution. ](https://diutocoinnews.com/2023/05/zimbabwe-central-bank-sells-millions-of-gold-backed-crypto-tokens-despite-imf-caution/): The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwean dollars’ worth of gold-backed digital tokens, worth around $39 million, despite a warning from the International Monetary Fund. The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success. On May 12, the central bank of Zimbabwe announced that it had received 135 applications for a total of 14.07 billion Zimbabwean dollars to buy the gold-backed cryptocurrency. The Zimbabwean dollar is officially trading at 362 Zimbabwean dollars to one United States, according to XE.com — but much higher on the street — making the stash nominally worth around $38.9 [&hellip;]
- [Crypto Market Rate Update Monday, 15th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-monday-15th-may-2023-naira-to-usd-usdt/): Opening prices for Monday, 15th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,590,000.00. Sell: NGN 20,481,733.99, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,390,615.05. Sell: NGN 1,368,532.68 and has increased by [&hellip;]
- [South African Currency, Rand Falls to New Low Against the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia](https://diutocoinnews.com/2023/05/south-african-currency-rand-falls-to-new-low-against-the-dollar-a-day-after-the-us-accused-country-of-secretly-supplying-ammunition-to-russia/): The forex exchange rate of the South African currency Rand,&nbsp; against the dollar fell to a new all-time low of 19.51 units of the rand per dollar on May 12. Rand&#8217;s fall happened a day after the African country was accused of secretly supplying ammunition to Russia by a United States ambassador. With this latest drop, the South African rand depreciated by more than 5% in just one week and more than 12% since the start of the year. Before hitting the new low, the South African rand’s previous all-time low was set on April 5, 2020. Reuben Brigety, the U.S. [&hellip;]
- [Crypto Market Rate Update Sunday, 14th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-sunday-14th-may-2023-naira-to-usd-usdt/): Opening prices for Sunday, 14th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,170,000.00. Sell: NGN 20,072,764.44, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,360,102.12. Sell: NGN 1,349,935.80 and has increased by [&hellip;]
- [Former Paxful CEO Distances Self From The Platform As He " Can't Vouch For Anything Happening There".](https://diutocoinnews.com/2023/05/former-paxful-ceo-distances-self-from-the-platform-as-he-cant-vouch-for-anything-happening-there/): Bitcoin peer to peer P2P platform&#8217;s former CEO, Ray Youssef has again pointed out to the users of the peer-to-peer platform on May 9 that he left the company weeks ago and as such he cannot “vouch in any way for anything that is happening there now.” While he urged users to “trust no ones,” Youssef however said he will soon provide an update about a trust “set up to make any frozen funds whole.” The remarks by Youssef, who has repeatedly tweeted about his falling out with his co-founder at Paxful, follow reports suggesting that the P2P (peer-to-peer) marketplace was [&hellip;]
- [Blockchain + Nigeria: Exploring the Blue Ocean of Digital Economy with CoinEx in CLAP23](https://diutocoinnews.com/2023/05/blockchain-nigeria-exploring-the-blue-ocean-of-digital-economy-with-coinex-in-clap23/): Africa, a continent known for its diversity, boasts a profound history and colorful culture, but it faces many challenges in economic development. Fortunately, the rapid advancement of blockchain technology has put forward feasible solutions to deep-rooted and complex problems frustrating African countries, such as cross-border transfers and currency devaluation. However, CoinEx has found that despite growing attention to blockchain technology among countries and local residents in Africa who try to learn more about the digital economy, many people on this vast continent have yet to be exposed to blockchain, and even some university students are unfamiliar with it. Therefore, early this [&hellip;]
- [Crypto Market Rate Update Saturday, 13th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-saturday-13th-may-2023-naira-to-usd-usdt/): Opening prices for Saturday, 13th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,080,000.00. Sell: NGN 19,914,781.79, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,353,756.89. Sell: NGN 1,338,606.19 and has increased by [&hellip;]
- [Bitcoin's BRC-20 Skyrockets 192% Surpasses $1 Billion Market Cap As Wallet Providers Jostle For Integration.](https://diutocoinnews.com/2023/05/bitcoins-brc-20-skyrockets-192-surpasses-1-billion-market-cap-as-wallet-providers-jostle-for-integration/): Recently, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ORDI, NALS, VMPX, PEPE and MEME, with price variance of between +11% and -55% within the past day. According to analysts at multichain wallet BitKeep, the BRC-20 token standard is a novel form of fungible token that “employs Ordinals and Inscriptions to create and manage token contracts, token minting, and token transfers, which are stored on the Bitcoin base chain.&#8221; Ordinals is a numbering system that assigns a [&hellip;]
- [Crypto Market Rate Update Friday, 12th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-friday-12th-may-2023-naira-to-usd-usdt/): Opening prices for Friday, 12th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,773,420.45. Sell: NGN 19,550,000.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,317,150.92. Sell: NGN 1,300,000.00 and has increased by [&hellip;]
- [South Africa's Minister Cautions BRIC Nation Over Rush For Common Currency.](https://diutocoinnews.com/2023/05/south-africas-minister-cautions-bric-nation-over-rush-for-common-currency/): South Africa&#8217;s minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away from discussions” that relate to her country’s national interests. The minister also revealed that South Africa’s debt is primarily denominated in dollars, therefore the country cannot easily ditch the greenback. With just a few months before Brazil, Russia, India, China, and South Africa (BRICS) all converge in Johannesburg to discuss launching a common currency, South [&hellip;]
- [In A Bid To Apprehend Scammers, Kraken Crypto Exchange Builds Fake Crypto Account To Lure Fraudsters.](https://diutocoinnews.com/2023/05/in-a-bid-to-apprehend-scammers-kraken-crypto-exchange-builds-fake-crypto-account-to-lure-fraudsters/): Popular crypto exchange Kraken has provided a new method for picking out criminal wallets; building a fake crypto account on the exchange to “scam bait” bad actors. Tweeting on May 10, popular streamer Kitboga — whose content revolves around annoying scammers— revealed that Kraken had built him a “custom environment” that he used to frustrate a scammer impersonating President Joe Biden. Kitbot had previously had a run-in with the fraudster around a year ago. In the accompanying video clip, Kitboga can be seen with around $450,000 worth of Bitcoin BTC in his Kraken-built fake crypto account. The scammer then sees the [&hellip;]
- [Crypto Market Rate Update Thursday, 11th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-thursday-11th-may-2023-naira-to-usd-usdt/): Opening prices for Thursday, 11th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,550,000.00. Sell: NGN 20,463,296.93, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,376,123.52. Sell: NGN 1,359,374.21 and has increased by [&hellip;]
- [Nigerian Man Scams Bitcoin Worth $382,000 From Victims Across 13 Countries: EFCC](https://diutocoinnews.com/2023/05/nigerian-man-scams-bitcoin-worth-382000-from-victims-across-13-countries-efcc/): Economic and Financial Crimes Commission (EFCC) has announced the arrest of a Nigerian man who scammed victims across 13 countries,&nbsp; The suspect allegedly received $382,000 worth of bitcoins from his victims before his account was blocked by his Virtual Asset Service Provider (VASP). The witness, Ogunjobi Olalekan, an Economic and Financial Crimes Commission (EFCC) officer told the court that Arinze convinced his victims to deposit funds into his bitcoin accounts for investment. His offense violated Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and was punishable under Section 1(3) of the same Act. The defendant [&hellip;]
- [Twitter Set To Launch Video Call And Chat Features.](https://diutocoinnews.com/2023/05/twitter-set-to-launch-video-call-and-chat-features/): Twitter users may soon be able to make voice and video calls on the platform after its owner Elon Musk said on Wednesday he would make the service available. In a twitter post, Elon Musk explained what the new features are ; &#8220;With latest version of app, you can DM reply to any message in the thread (not just most recent) and use any emoji reaction. Release of encrypted DMs V1.0 should happen tomorrow. This will grow in sophistication rapidly. The acid test is that I could not see your DMs even if there was a gun to my head. Coming [&hellip;]
- [Crypto Market Rate Update Wednesday, 10th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-wednesday-10th-may-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 10th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,670,000.00. Sell: NGN 20,571,574.33, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,379,024.74. Sell: NGN 1,366,440.46 and has increased by [&hellip;]
- [Nigeria Foremost P2P Bitcoin Exchange, Paxful Resumes Operation After Closing Down, A Month Ago.](https://diutocoinnews.com/2023/05/nigeria-foremost-p2p-bitcoin-exchange-paxful-resumes-operation-after-closing-down-a-month-ago/): Closed Peer-to-peer (P2P) bitcoin exchange Paxful has resumed operations after being shut down for over a month, the company said in a blog post. “After a month away, we’re happy to announce that the Paxful marketplace is back online,” the company wrote. “In early April, we faced a difficult decision to temporarily suspend the marketplace to protect all of our customers and Paxful’s future.” Paxful shut down in April after CEO Ray Youssef expressed concerns about the safety of customer funds as a result of a lawsuit by co-founder Artur Schaback, who sued Youssef and the company for wrongful termination, among [&hellip;]
- [Solana Rolls Out Crypto Phones Called SAGA. ](https://diutocoinnews.com/2023/05/solana-rolls-out-crypto-phones-called-saga/): Crypto computing platform, Solana Labs has launched its crypto-forward smartphone called Saga which began selling to the public from May 8, the company behind the Solana blockchain said Thursday. Pre-ordered devices are shipping now. The Android smartphone is a gamble on mobile being imperative to the future of crypto, employees at Solana-focused companies said. It was nearly 10 months ago that Solana first teased the radical potential of a cellphone that doubled as a dedicated crypto hardware wallet, and the possibilities such a product could hold for its entire ecosystem. The new device from Solana Mobile costs $1,000 and is built [&hellip;]
- [Crypto Market Rate Update Tuesday, 9th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-tuesday-9th-may-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 9th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,499,900.00. Sell: NGN 20,394,713.63, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,377,647.12. Sell: NGN 1,356,005.83 and has increased by [&hellip;]
- [21 Year Old Man Bags 18 Months In Prison Over Crypto Scam In Morocco. ](https://diutocoinnews.com/2023/05/21-year-old-man-bags-18-months-in-prison-over-crypto-scam-in-morocco/): Morocco&#8217;s Casablanca Court of Appeals confirmed last week an 18-month prison sentence for a 21-year-old Frenchman for fraud and illegal use of cryptocurrency, also ordering him to compensate victims of his fraud. The defendant was accused by a Frenchwoman and a Moroccan of defrauding them for luxury cars and watches. Trial proceedings against the Frenchman were initiated after authorities received complaints of fraud from a Frenchwoman living in Casablanca who had sold him a Ferrari car for a bitcoin payment worth 400,000 euros. Another person accused the man of defrauding him of three luxury watches by giving him a check that [&hellip;]
- [Dollar USD Deposits In Nigerian Banks Takes 40% of The Total Deposits; IMF.](https://diutocoinnews.com/2023/05/dollar-usd-deposits-in-nigerian-banks-takes-40-of-the-total-deposits-imf/): Deposits in Nigeria banks make up 40% United States (U.S.) dollars, the International Monetary Fund (IMF) has said. The IMF described the practice as a confirmation of loss of confidence in the local currency, adding that “it is usually difficult to reverse”. According to the IMF, market participants defend their wealth by shifting to dollar savings under high and persistent inflation. In its Report on dollar savings, the Fund said “Nigeria operates with dollar bias for international trade, finance invoicing and of recent, store of value. Over 40 per cent of Nigeria’s bank deposits are in dollars”. The IMF said the [&hellip;]
- [Crypto Market Rate Update Monday, 8th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-monday-8th-may-2023-naira-to-usd-usdt/): Opening prices for Monday, 8th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,150,000.00. Sell: NGN 20,894,139.63, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,393,120.40. Sell: NGN 1,382,750.30 and has increased by [&hellip;]
- [Nigeria  Proposes Plans To Regulate Crypto and Other Digital Assets Platforms.](https://diutocoinnews.com/2023/05/nigeria-proposes-plans-to-regulate-crypto-and-other-digital-assets-platforms/): Nigeria, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering new regulations that would allow licensed digital exchanges to list tokens backed by certain assets.&nbsp; Abdulkadir Abbas, the head of securities and investment at the Nigerian SEC, noted that the authority plans to only authorize listings of tokens based on assets such as equity, debt, or property. Cryptocurrencies like Bitcoin and Ether will not be among those assets. The aim is to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers, and tokenized coins issuers. However, the SEC will not register [&hellip;]
- [Crypto Market Rate Update Sunday, 7th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-sunday-7th-may-2023-naira-to-usd-usdt/): Opening prices for Sunday, 7th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,415,019.42. Sell: NGN 21,279,724.05, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,419,307.47. Sell: NGN 1,398,101.93 and has increased by [&hellip;]
- [Crypto Bootcamp Community To Host Biggest Bitcoin Pizza Day Celebration. Registration For Participation Is Open.](https://diutocoinnews.com/2023/05/crypto-bootcamp-community-to-host-biggest-bitcoin-pizza-day-celebration-registration-for-participation-is-open/): Africa’s leading blockchain education and crypto adoption brand; Crypto Bootcamp Community, is proud to announce its hosting of the 2023 Bitcoin Pizza Day celebrations. The event will take place in over 40 cities across 13 countries globally including Dubai, Istanbul, Johannesburg amongst others, bringing together Bitcoiners and industry leaders to commemorate the historic moment in Bitcoin’s calendar. With over 5000 attendees last year, Crypto Bootcamp Community is gearing towards 15,000 attendees in this year&#8217;s celebration as it is set to be the biggest and most exciting yet. Bitcoin Pizza Day is celebrated every year on May 22, to mark the anniversary [&hellip;]
- [Kenya To Tax Crypto Influencers, Promoters In New Tax Policy.](https://diutocoinnews.com/2023/05/kenya-to-tax-crypto-influencers-promoters-in-new-tax-policy/): Kenya plans to charge a 3% tax on the transfer or exchange value of digital assets, while content creators will pay 15% on online earnings up from 5% withholding income tax, the new bill imposes a tax on earnings made by a content creator sponsored by a brand to make content or do promotions, and income from affiliate marketing. It defines content creators as those offering “entertainment, social, literal, artistic, educational or any other material electronically,” through websites, social media platforms like Facebook, Twitter or Instagram, in partnership with brands or retailers. Earnings made by offering “subscription services where the audience [&hellip;]
- [Crypto Market Rate Update Saturday, 6th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-saturday-6th-may-2023-naira-to-usd-usdt/): Opening prices for Saturday, 6th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,770,000.00. Sell: NGN 21,583,000.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,458,444.37. Sell: NGN 1,439,932.27 and has increased by [&hellip;]
- [Nigerian Government Approves National Blockchain  Policy.](https://diutocoinnews.com/2023/05/nigerian-government-approves-national-blockchain-policy/): The Federal Executive Council approved the National Blockchain Policy for Nigeria during its meeting today, the 3rd of May, 2023.  This followed the presentation of a memo by the Honourable Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami). The process of developing the Policy involved robust stakeholder engagements across the public and private sectors. According to PricewaterhouseCoopers (PwC), Blockchain Technologies could boost the global economy with US$1.76 trillion by 2030. The National Blockchain Policy for Nigeria is line with the National Digital Economy Policy and Strategy (NDEPS), which was unveiled and launched by President Muhammadu Buhari on the [&hellip;]
- [Nigeria Leads Africa In Global Top 10 Countries With Meme Coin Interest At 5th Position.](https://diutocoinnews.com/2023/05/nigeria-leads-africa-in-global-top-10-countries-with-meme-coin-interest-at-5th-position/): According to the latest research by coingecko identifying top countries leading the craze for meme coins in 2023, shows that among the top 10 countries only two African countries featured, with Nigeria leading at 5th position, while Morocco stood at 10th.&nbsp; Nigeria’s meme coin interest has a relatively different profile than the other 8 countries. Floki and ArbDoge AI captured the highest interest at 24.2% and 20.8% respectively. Dogelon Mars generated 17.4% of Nigeria&#8217;s interest in meme coins, despite receiving limited interest share elsewhere. This suggests that people in&nbsp; Nigeria are also keeping an eye on the less well-known meme coins, [&hellip;]
- [Crypto Hackers Are Using ChatGPT: Meta ( Facebook) Reveals.](https://diutocoinnews.com/2023/05/crypto-hackers-are-using-chatgpt-meta-facebook-reveals/): Facebook owner Meta revealed in a security report Wednesday that hackers have seized on worldwide interest in the artificial intelligence-powered tool, ChatGPT in an effort to break into people&#8217;s devices, equating the phenomenon to the surge in cryptocurrency scams. Meta&#8217;s security team said it found hackers software that claimed to offer ChatGPT-based tools via browser extensions and online app stores that contained malware designed to give hackers access to people&#8217;s devices, Meta said. &#8220;From a bad actor&#8217;s perspective, ChatGPT is the new crypto,&#8221; Guy Rosen, Meta&#8217;s chief information security officer, told reporters, meaning scammers have quickly moved to exploit interest in [&hellip;]
- [Crypto Market Rate Update Friday, 5th May 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/05/crypto-market-rate-update-friday-5th-may-2023-naira-to-usd-usdt/): Opening prices for Friday, 5th May, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 21,699,000.00. Sell: NGN 21,535,00.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,408,514.12. Sell: NGN 1,400,963.18 and has increased by [&hellip;]
- [NAIRA - USDT: Naira Gains 0.2% Against USDT Today.&nbsp;](https://diutocoinnews.com/2023/10/naira-usdt-rate-03-10/): Tuesday, 3rd October 2023, updated rates on NGN – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is; Buy: NGN 27,441,548.85. Sell: NGN 26,460,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,666,999.79. Sell: NGN 1,629,966.97 and has decreased by 0.01% in the last 24 [&hellip;]
- [Top Five Hardware Wallets in 2023](https://diutocoinnews.com/2023/10/top-five-hardware-wallets-in-2023/): Hardware wallets ensure the security and control of digital assets. They became more popular after a 2022 fiasco that involved the collapse of major crypto exchanges like&nbsp; FTX, Celsius, BlockFi, and Robinhood. Which denied millions of customers from accessing their funds. An Introduction to Hardware Wallets: A hardware wallet is a physical, offline storage device for your cryptocurrency holdings.&nbsp; Hardware wallets usually resemble small USB-like devices that can be connected to your computer or smartphone when needed. To access your wallet for transactions or balance checks, you insert the device and input your PIN code. Hardware wallets prioritise security and incorporate [&hellip;]
- [Crypto Market Rate Update Sunday 1st October 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/10/crypto-naira-usdt-rate-1-8/): Sunday, 1st October 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is; Buy: NGN 27,441,548.85. Sell: NGN 26,460,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,666,999.79. Sell: NGN 1,629,966.97 and has decreased by 0.01% in the last 24 [&hellip;]
- [TRENDS: Bitcoin Trends on (Twitter) X Nigeria, Ranking Top On Google Search Interest For Bitcoin](https://diutocoinnews.com/2023/09/bitcoin-trends-nigeria/): Bitcoin has been trending on the X app today. Also, Nigeria has surpassed El Salvador as the country with the most search interest for Bitcoin on Google. Bitcoin Trends on the X app in Nigeria with 421k Posts. Currently, #bitcoin is the top trend in the country due to the recent rate hike in the FX market for Dollar. Moreover, Nigeria tops El Salvador as the country with the most Google search interest for #Bitcoin. The recent search interest for &#8216;Bitcoin&#8217; in the country is probably due to the official inflation rate, which jumped to an 18-year high of 25.8% in [&hellip;]
- [EXCHANGE: FTX Claim Portal is Back Online After Cybersecurity Breach](https://diutocoinnews.com/2023/09/ftx-claim-portal-is-back/): The portal allowing FTX customers to file claims with the bankrupt cryptocurrency exchange is back online after a recent security bridge. User accounts that were affected in August due to the breach is now active, the failed crypto trading company announced. The FTX claims portal is once again fully online for customers of the cryptocurrency exchange who lost funds due to its collapse in November, 2022.&nbsp; On Saturday, the exchange announced in a post on X, that users can again claim their funds on FTX. The statement states; &#8220;Following our review and assessment of the recent Kroll cybersecurity incident, FTX has [&hellip;]
- [Binance Donates $3 Million to Over 70K Morocco Users, $500K to Over 13K Libya Users in $BNB Airdrops.](https://diutocoinnews.com/2023/09/morocco-libya-binance-donation/): Binance Charity, in a press release shared by CEO, Changepeng Zhao (CZ), will be contributing to victims within the affected region who use the Binance app as well as to other Moroccan users. Identification of the users will be based on Proof of Address (POA) completed before September 9, 2023, in Marrakesh-Safi Province, which has suffered the most significant impact, Binance said. Users who have completed POA before this date in the Marrakesh-Safi Province area will each receive $100 in BNB directly to their Binance accounts. “We recognize that many users in the affected area may not have yet completed POA. [&hellip;]
- [Remitano Allegedly Hacked for $2.7M; $1.4M Frozen By Tether](https://diutocoinnews.com/2023/09/remitano-allegedly-hacked/): The commonly used Remitano exchange allegedly experienced suspicious transactions, as over $2.7 million was withdrawn from its hot wallet by a single account. Remittano Hacked?  Remitano experienced suspicious large withdrawals on Sept. 14, with some blockchain tx analysts concluding that it may have been hacked. A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions.  Tether has also reportedly frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers’ funds. Read More: TON: TON Integrates @wallet on Telegram to Send and Receive Crypto In-App. The known Remitano hot wallet allegedly started sending [&hellip;]
- [CoinEx Promises 100% Compensation Amidst Recent Attack](https://diutocoinnews.com/2023/09/coinex-compensates-users/): At 14:18 (UTC) on September 12, 2023, Cyvers Alerts posted a tweet regarding suspicious withdrawals on CoinEx Exchange. Crypto assets including ETH, TRON, MATIC, and more from CoinEx’s hot wallets were transferred to unknown addresses, raising suspicions of a potential hack. The CoinEx team responded to the incident on Twitter at 17:38 the same day. According to the official statement, the exchange’s Risk Control System had detected anomalous withdrawals from several hot wallet addresses used to store CoinEx’s exchange assets. In prompt response, the team formed a special investigation team to delve into the incident and promised to offer 100% compensation [&hellip;]
- [TON: TON Integrates @wallet on Telegram to Send and Receive Crypto In-App.](https://diutocoinnews.com/2023/09/ton-telegram-wallet/): The Open Network (TON) has added a @wallet bot on Telegram, a feature which allows users to send and receive crypto in-app. The new crypto wallet integration allows users on Telegram to send crypto to one another in-app without leaving the app. The feature is currently alive. Currently, you can only deposit BTC, USDT and TON inside the wallet. The @wallet ton app can also be added as a menu which appears alongside other features through the attached feature in-chat. Read More: The First Open Auction of .ton TNS Domain Name Goes Live on 30th July The wallet has the following [&hellip;]
- [Crypto Market Rate Update Wednesday 6th September 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/09/naira-usdt-rate-06-09-2023/): Wednesday, 6th September, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,441,548.85. Sell: NGN 26,460,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [Prredict on Polymarket: Another African Coup By October 1?](https://diutocoinnews.com/2023/09/polymarket-predict-coup-in-africa/): The announcement came after the electoral body announced the 56 seeating president as the winner on a third-term rule continuing the 56years family rule. You can utilize the Polymarket Crypto Event Prediction Platform to make a bet on your opinion or belief on a possible coup happening soon before 1st October. Wondering if there is gonna be a possible coup in Africa before 1st October, the answer is certainly not something we would know. There is every chance that it will happen in countries like Cameroun, but not Rwanda. So you can use the Polymarket platform to bet your belief on [&hellip;]
- [Nigeria Emerges the World's Most Cryptocurrency-Aware Nation, Recent Survey Reveals.](https://diutocoinnews.com/2023/09/world-cryptocurrency-aware-nation/): Nigeria has emerged as the world&#8217;s most cryptocurrency-aware nation, with 99% of the population crypto-aware, according to the results of a global survey conducted by ConsenSys and YouGov. The survey aimed to provide insights into how various countries perceive cryptocurrencies and the broader Web3 ecosystem. The primary findings of the poll suggest that Nigeria and South Africa are the top two countries in terms of cryptocurrency awareness. When compared to respondents from large economies such as the UK, US, Japan, and Germany, 99% of Nigerians and 98% of South Africans displayed a better understanding of Web3. The poll included 15,158 people [&hellip;]
- [Crypto Market Rate Update Monday 1st September 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/09/naira-usdt-1-09-2023/): Friday, 1st September, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,441,548.85. Sell: NGN 26,460,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [Coinbase CEO Shares Crypto Ideas He Wants Devs to Work On Referencing Onboard for Onchain P2P Exchange](https://diutocoinnews.com/2023/08/coinbase-ideas-onboard-p2p-onchain/): Coinbase CEO Brian Armstrong has recently shared the ten crypto ideas he is most excited about when it comes to crypto’s future. He has also encouraged developers to use the bear market to take them to the next level. Among the ten ideas is on-chain P2P, an idea already in the works by Onboard. Onboard is reportedly being developed by the team behind the successful Bundle Africa app which is shutting down. Read Also: OKX (Previously OKEx) P2P Reviewed For Nigeria (Ultimate How-To Guide) The Coinbase boss shared his vision of a crypto future in an Aug. 30 company blog post [&hellip;]
- [Nigeria Should Declare Naira and Kobo as West Africa's Only Legal Tender](https://diutocoinnews.com/2023/08/legal-tender-for-west-africa/): In a lawsuit filed by a Nigerian human rights activist, the country’s central bank is accused of failing to stop the dollarization of the economy.&nbsp; Instability of Naira at Nigeria’s Foreign Exchange. A Nigerian lawyer and human activist, Femi Falana, is suing the Central Bank of Nigeria (CBN) for devaluing Naira and dollarizing the economy.&nbsp; In his suit filed with a Lagos High Court, Falana alleged that the CBN’s failure to uphold the necessary laws against the devaluation of the Naira had “resulted in the constant devaluation, depreciation and unending plunge of the naira.” Read Also: FG Secures $3b Loan to [&hellip;]
- [Crypto Market Rate Update Monday 30th August 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/08/naira-usdt-rate-30-08-2023/): Wednesday, 30th August, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,221,548.85. Sell: NGN 26,560,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [Wondering How to Create a Custom Bitcoin Address?  This is How Vanity Bitcoin Address Works.](https://diutocoinnews.com/2023/08/create-custom-bitcoin-vanity-address/): Vanity Bitcoin addresses became popular a few years after the anonymous Bitcoin creator Satoshi Nakamoto launched the cryptocurrency back in 2009.  The first vanity address generator, called “VanityGen,” was released as an open-source platform on GitHub in 2012. One of the first references to vanity addresses on Bitcointalk.org is a major crypto forum created by Nakamoto in 2013. VanityGen is a command-line vanity Bitcoin address generator. Read More: Top Two Base Chain Projects To Use On Testnet What is a Vanity Bitcoin Address? This is an address that is usually personalised. It is a personalized BTC address that contains a specific [&hellip;]
- [Bitcoin Jumps to $27.4K As Grayscale Wins Lawsuit Against SEC](https://diutocoinnews.com/2023/08/bitcoin-jumps-to-27k-grayscale/): Crypto asset manager Grayscale Bitcoin Trust (GBTC) has scored a major victory against the U.S. Securities and Exchange Commission (SEC) in its efforts to convert its over-the-counter GBTC application into a listed Bitcoin ETF. On June 29, 2022, the SEC denied Grayscale&#8217;s application to convert GBTC into a listed spot ETF. The next day, Grayscale&#8217;s senior legal strategist, former U.S. Solicitor General Donald B. Verrilli Jr., filed a petition for review with the United States Court of Appeals for the District of Columbia Circuit.&nbsp; Read More: FG Secures $3b Loan to Stabilize the FX Rate as Naira Drops to N872 Following [&hellip;]
- [OnlyFans Reveals It Holds $20 Million Worth of Ethereum.](https://diutocoinnews.com/2023/08/finex-international-onlyfans-holds-ethereum/): Fenix International, the parent company of OnlyFans, bought Ethereum cryptocurrency between 2021 and 2022. The parent company of the subscription-based platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ethereum. Read More: OKX (Previously OKEx) P2P Nigeria Vs Binance P2P Nigeria According to an Aug. 24 financial filing to the UK corporate registry, Fenix International reported that it had purchased some $19.9 million worth of ETH between 2021 and 2022.  However, due to the drop in crypto asset prices over last year, the total value of OnlyFans&#8217; Ethereum holdings decreased by [&hellip;]
- [BNB Coin: Where and How to Trade Binance Coin in 2023?](https://diutocoinnews.com/2023/08/trade-binance-coin-on-coinex/): Binance Coin is a cryptocurrency issued by one of the most popular cryptocurrency exchanges in the world – Binance.&nbsp; As a fuel for Binance&#8217;s ecosystem, BNB provides users with discounts on trading fees and can be used for other services like shopping and travel bookings. But before you start trading BNB, there are some essential things you need to consider. In this article, we will provide a comprehensive guide on how to BNB and the benefits surrounding it.&nbsp; What is BNB? Binance coin (BNB) is the cryptocurrency issued by the Binance exchange. It was launched in 2017 with the goal of [&hellip;]
- [Crypto Market Rate Update Monday 28th August 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/08/naira-to-dollar-rate-usdt/): Monday, 28th August, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,221,548.85. Sell: NGN 26,560,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [FG Secures $3b Loan to Stabilize the FX Rate as Naira Drops to N872 Following the Previous Week's Hike to N930](https://diutocoinnews.com/2023/08/fg-3b-loan-for-fx-naira/): Following the previous week&#8217;s rise of the Naira to an unprecedented rate to USD, the rate dropped today after a series of meetings by the CBN together with the Bureau De Change.  Remember in the previous week, the rate of USDT to Naira was over N940 and made an all-time high of N965 per dollar.&nbsp; It was a thing of happiness and sadness for both remote workers and business owners. For remote workers, it was a momentary hike in earnings as prices of commodities rise.  Visit here for Our Daily Naira to USDT Rate Update. While for business owners, it was [&hellip;]
- [Shiba Inu Officially launches Shibarium Mainnet](https://diutocoinnews.com/2023/08/shibarium-blockchain-mainnet/): The Shiba Inu Shibarium mainnet is officially live, with the launch happening today after months of anticipation amongst the SHIB Army.&nbsp; Shibarium was unveiled at the Blockchain Futurist Conference in Canada by Shytoshi Kusama, the lead developer of SHIB. &#8220;The Shibarium mainnet is now ready to on-board millions who are interested in shaping a new future that honors the principles of decentralization,” developers said in a statement.&nbsp; The launch follows a successful testnet phase that generated a community of over 21 million user wallets. Despite the hype following the Shibarium Mainnet launch, SHIB has seen a downward trend in price over [&hellip;]
- [Crypto Market Rate Update Friday 15th August 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/08/naira-to-usdt-rate-15-08/): Tuesday, 15th August 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,221,548.85. Sell: NGN 26,560,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [Crypto Market Rate Update Friday 13th August 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/08/naira-usdt-rate-13-08/): Sunday, 13th August, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,221,548.85. Sell: NGN 26,560,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [Crypto Market Rate Update Friday 12th August 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/08/naira-usdt-rate-12-08/): Friday, 12th August, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,221,548.85. Sell: NGN 26,560,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is;&nbsp;Buy: NGN 1,777,999.79.&nbsp;Sell: NGN 1,616,966.97 and has decreased by 0.01% in the last 24 hours.&nbsp; BUSD: [&hellip;]
- [Crypto Market Rate Update Friday 11th August  2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/08/naira-usdt-rate-11-08-2023/): Friday, 11th August, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 27,221,548.85. Sell: NGN 26,560,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,777,999.79. Sell: NGN 1,616,966.97 and has decreased by 0.01% in the [&hellip;]
- [Crypto Market Rate Update For Tuesday, 18th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-tuesday-18th-july-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 18th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,940,000.00. Sell: NGN 24,804,425,13, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,593,766,99. Sell: NGN 1,568,733.19 and has increased by [&hellip;]
- [Paypal, Visa, Interswitch, Mastercard CEO Recognized Among 2023 CEO.](https://diutocoinnews.com/2023/07/paypal-visa-interswitch-mastercard-ceo-recognized-among-2023-ceo/): The Financial Technology Report, a global media authority in the fintech industry, has recognised the Interswitch Group Founder and CEO, Mitchell Elegbe, as one of the top Fintech CEOs for 2023, alongside other industry titans including Dan Schulman, CEO of PayPal, Ryan McInerney, CEO of Visa, and Michael Miebach, CEO of Mastercard. This distinctive achievement underscores Elegbe’s exceptional leadership and Interswitch Group’s ever-evolving and groundbreaking contributions to the revolutionisation of the financial technology landscape in Nigeria and Africa. The report recognises esteemed leaders whose roles in the financial technology space, both regionally and globally, continue to redefine and revolutionize traditional payment [&hellip;]
- [Binance Sacks 1000 Employees. ](https://diutocoinnews.com/2023/07/binance-sacks-1000-employees/): Cryptocurrency exchange Binance has laid off more than 1,000 people in recent weeks in a continuing exercise that could result in the exchange losing more than a third of its staff, the Wall Street Journal reported on Friday, citing a person familiar with the moves. Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann. U.S. regulators last month sued the crypto exchange and its CEO Changpeng Zhao for allegedly operating a &#8220;web of deception.&#8221; Binance has said it would defend itself &#8220;vigorously.&#8221; More employees were laid off this week, according to former employees, [&hellip;]
- [Crypto Market Rate Update For Saturday, 15th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-saturday-15th-july-2023-naira-to-usd-usdt/): Opening prices for Saturday, 15th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,760,000.00. Sell: NGN 24,648,703.42, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,605,232,63. Sell: NGN 1,570,077.97 and has increased by [&hellip;]
- [According to Chainalysis, Crypto Scams Are Down By 77%.](https://diutocoinnews.com/2023/07/according-to-chainalysis-crypto-scams-are-down-by-77/): Scams associated with Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis. The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more revenue in the first half of this year than in the first six months of 2022. On July 12, Chainalysis released its Mid-year Crypto Crime Update, noting it’s the second consecutive year that scam revenue has trended downward. The firm observed that, historically, scam revenue increases in bull markets — but that [&hellip;]
- [Crypto Market Rate Update For Friday, 14th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-friday-14th-july-2023-naira-to-usd-usdt/): Opening prices for Friday, 14th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 25,608,000.00. Sell: NGN 25,382,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,660,486,15. Sell: NGN 1,623,074.92 and has increased by [&hellip;]
- [Central Bank of Nigeria Orders Banks To Pay In Naira To Diaspora Remittance. ](https://diutocoinnews.com/2023/07/central-bank-of-nigeria-orders-banks-to-pay-in-naira-to-diaspora-remittance/): The Central Bank of Nigeria has announced Naira as a payout option for receipts of proceeds of international money transfers. According to the apex bank, International Money Transfer Operators (IMTOs) are required to pay out the proceeds using the Investors’ &amp; Exporters’ window rate as the anchor rate for transactions. This was contained in a document signed by S.O Nnaji, the director, trade and exchange department of the bank, obtained by Businessday. It read, “Further to the circular referenced TED/FEM/FPCIGEN 01/011 dated November 30, 2020, in respect of the above subject, the Central Bank of Nigeria hereby announces Naira as a [&hellip;]
- [Crypto Still Banned In Ghana: Minister Warns. ](https://diutocoinnews.com/2023/07/crypto-still-banned-in-ghana-minister-warns/): The ban on cryptocurrency&nbsp; transactions in Ghana is still in force, Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has reiterated. According to the Minister, all financial institutions in the country have been directed not to engage in crypto transactions. Speaking on the floor of Parliament, Dr. Amin Adam stated that the government is yet to develop a comprehensive framework for crypto transactions in the country. “The government will continue to allow associated technologies, such as blockchain and distributed innovations in a sun box, as we explore the development of a framework. Until such a framework is in [&hellip;]
- [Crypto Market Rate Update For Thursday, 13th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-thursday-13th-july-2023-naira-to-usd-usdt/): Opening prices for Thursday, 13th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,588,000.32. Sell: NGN 24,406,429.42, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,535,563,99. Sell: NGN 1,509,998.05 and has increased by [&hellip;]
- [Nigeria House of Rep Order CBN To Stop Requesting Social Media Accounts For KYC.](https://diutocoinnews.com/2023/07/nigeria-house-of-rep-order-cbn-to-stop-requesting-social-media-accounts-for-kyc/): The House of Representatives has asked the Central Bank of Nigeria (CBN) to stop the implementation of its directive that banks should add customers’ social media handles as means of identification. This was the resolution of the House following a motion sponsored by nine members. Also Read: CBN reportedly makes social media handle mandatory KYC requirements for bank customers. The CBN had released its Customer Due Diligence Regulations 2023, noting that the inclusion of social media handles on “Know Your Customer” would galvanize compliance with anti-money laundering and counter-terrorism financing provisions. However, the House was worried that if the directive takes [&hellip;]
- [Lesser Money Has Been Stolen By Crypto Criminals In 2023: Chainalysis.](https://diutocoinnews.com/2023/07/lesser-money-has-been-stolen-by-crypto-criminals-in-2023-chainalysis/): According to a mid-year report from Chainalysis, which tracks illicit wallet addresses crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, Through the end of June, the industry’s total losses to illicit actors ranged near $2.5 billion and had fallen 65% relative to mid-2022, whereas legitimate actors were experiencing a “much less severe” drop in inflows during the sluggish bear market, Chainalysis said. Scammers in particular are pulling in billions of dollars less this year. Chainalysis said two of the biggest operations – VidiLook and Chia Tai Tianqing Pharmaceutical Financial Management, both [&hellip;]
- [Crypto Market Rate Update For Wednesday, 12th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-wednesday-12th-july-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 12th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,935,900.00. Sell: NGN 24,840,987.08, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,539,941,83. Sell: NGN 1,519,551.16 and has increased by [&hellip;]
- [Crypto Market Rate Update For Tuesday, 11th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-tuesday-11th-july-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 11th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,299,900.00. Sell: NGN 24,090,273.92, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,497,749,40. Sell: NGN 1,486,071.35 and has increased by [&hellip;]
- [Nigeria Takes Leading Position In Crypto Web 3 Awareness.](https://diutocoinnews.com/2023/07/nigeria-takes-leading-position-in-crypto-web-3-awareness/): According to a report by leading Web3 software technology company, Consensys, data gathered from a first-of-its-kind global survey on web3 and crypto showed overwhelming crypto awareness, with 99 per cent of Nigerian respondents demonstrating awareness of crypto and over 70 per cent accurately guessing what a blockchain is which the highest among all countries surveyed. The survey, conducted online by international online research data and analytics technology group, YouGov, polled a representative sample of over 15,000 people across countries including Nigeria between April and May. The result also showed Nigerians believe in the future of crypto, as many Nigerian respondents familiar [&hellip;]
- [Crypto Market Rate Update For Monday, 10th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-monday-10th-july-2023-naira-to-usd-usdt/): Opening prices for Monday, 10th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,870,000.00. Sell: NGN 23,722,358.91, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,475,749,03. Sell: NGN 1,462,952.80 and has increased by [&hellip;]
- [FBI Plans To Mr Woodberry 152 Bitcoins, Call For Buyers.](https://diutocoinnews.com/2023/07/fbi-plans-to-mr-woodberry-152-bitcoins-call-for-buyers/): The United States FBI plan to sell 152 bitcoins seized from internet fraudster Olalekan Jacob Ponle, or Mr Woodberry, following his guilty plea to $8 million wire fraud. A document filed Friday at the U.S District Court for the Northern District of Illinois regarding Mr Woodberry’s forfeiture order said the U.S. Marshal Service will now take custody of the seized crypto assets for disposition. This also followed Mr Woodberry’s agreement to forfeit all proceeds of the wire fraud, which he committed using the name ‘Mark Kain’, by recruiting at least four money mules while he resided in Dubai, United Arab Emirates. [&hellip;]
- [Crypto Market Rate Update For Sunday, 9th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-sunday-9th-july-2023-naira-to-usd-usdt/): Opening prices for Sunday, 9th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,005,000.00. Sell: NGN 23,793,100.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,486,439,20. Sell: NGN 1,466,752.88 and has increased by [&hellip;]
- [Nigeria Bank customers get N115bn, $22.7m refund for failed transactions.](https://diutocoinnews.com/2023/07/nigeria-bank-customers-get-n115bn-22-7m-refund-for-failed-transactions/): According to the Central Bank of Nigeria no fewer than 35,453 complaints from bank customers relating to failed transactions in the last 10 years. was received.&nbsp; The apex bank said within the period, the sums of N115.45bn and over $22.7m were refunded to customers as a result of the failed transactions. This was disclosed by an official of the Consumer Protection Department of the CBN, Elachi Samuel, in a presentation during a one-day sensitisation fair for stakeholders in Bauchi State on Thursday. The Central Bank of Nigeria has said that it received no fewer than 35,453 complaints from bank customers relating [&hellip;]
- [BlockchainUNN Hosts'Blockchain And Beyond', Africa's Largest Campus Blockchain Conference"](https://diutocoinnews.com/2023/07/blockchainunn-hostsblockchain-and-beyond-africas-largest-campus-blockchain-conference/): Blockchain Technology has garnered so much attention in the world, but there seems to be a gap between those who understand the technology &amp; its impact and those who do not. To bridge this gap and set up young people for success in the ecosystem, BlockchainUNN hosted the BlockchainUNN Conference 2.0, in June 2023. Themed ”Blockchain and Beyond; the future of Blockchain Technology”, the conference was held on the 23rd and 24th of June 2023 at Ekpo Ref Hall, University of Nigeria Nsukka leaving attendees awestruck and inspired by the boundless potential of blockchain technology.&nbsp; The conference&nbsp; attracted over 2000 blockchain [&hellip;]
- [Crypto Market Rate Update Saturday, 8th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-saturday-8th-july-2023-naira-to-usd-usdt/): Opening prices for Saturday, 8th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,985,385.77. Sell: NGN 23,722,156.47, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,486,279,87. Sell: NGN 1,460,516.29 and has increased by [&hellip;]
- [CBN Ask Banks To Be Weary Of  Money Laundering Transactions From Cameroon, Others. ](https://diutocoinnews.com/2023/07/cbn-ask-banks-to-be-weary-of-money-laundering-transactions-from-cameroon-others/): Recently, the Central Bank of Nigeria (CBN) has asked banks and other financial institutions to pay particular attention when conducting transactions with businesses and individuals in certain countries. The countries specified by the apex bank include Cameroon, Croatia and Vietnam. The directive is contained in a circular released on Thursday and signed by Chibuzo Efobi, director of CBN’s financial policy and regulation department. Efobi said the CBN’s decision to issue the warning is based on the resolutions reached at a recent plenary session of the Financial Action Task Force (FATF). FATF is an intergovernmental policy-making body that seeks to combat money [&hellip;]
- [EFCC Acquires Conviction Of Two Crypto Scammers In Abuja. ](https://diutocoinnews.com/2023/07/efcc-acquires-conviction-of-two-crypto-scammers-in-abuja/): The Economic and Financial Crimes Commission (EFCC) Zonal Command in Abuja has convicted two male fraudsters, Canice Agabi and Nwozor Martins, on charges of impersonation and fraud. Agabi, sometime in 2021 in Abuja, falsely represented himself as an American citizen and created an Instagram account with the username Randy Sylvester, according to EFCC. The anti-graft agency said that Agabi, under the Instagram username ‘Randy Sylvester, deceived Anne Fuscelaro, a United States citizen, and benefitted a total of $1,000 from her. EFCC also added that Agabi misled Fuscelaro into believing that he was into Bitcoin Investment and that, she could earn a [&hellip;]
- [Crypto Market Rate Update For Friday, 7th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-for-friday-7th-july-2023-naira-to-usd-usdt/): Opening prices for Friday, 7th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,949,479.45. Sell: NGN 23,633,999.99, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,474,865,92. Sell: NGN 1,459,952.88 and has increased by [&hellip;]
- [FintechNGR Pushes For Digital Inclusion, Innovation. ](https://diutocoinnews.com/2023/07/fintechngr-pushes-for-digital-inclusion-innovation/): The Fintech Association of Nigeria (FintechNGR) has advocated digital inclusion, innovation and growth within and outside the ecosystem. The President of FintechNGR, Ade Bajomo, who stated this at a sixth yearly general meeting (AGM) in Lagos, said fintechs remain very crucial to the economy, stressing that they have revolutionalised payment sector greatly. Bajomo said the premier national fintech association in Africa, remains committed to accelerating fintech growth, fostering innovation, and advocating regulatory reforms in Nigeria’s dynamic fintech landscape. He revealed that with over 2,580 corporate and 117 professional members spanning 21 sectors of the economy, including banking, fintechs, incubation and acceleration, [&hellip;]
- [Bank Increase ATM Withdrawal Limit.](https://diutocoinnews.com/2023/07/bank-increase-atm-withdrawal-limit/): Weeks after banks restricted withdrawals on automated teller machines (ATMs), commercial banks in the country are beginning to increase the maximum amount of cash customers can withdraw on a daily basis to N200,000. In an emailed notice to customers yesterday, Zenith Bank said customers can now ‘perform cash withdrawals of up to N200,000 per day’ at its ATM terminals across the country.&nbsp; This, it said, is irrespective of the bank that issued the card. The bank, however, stated that the N500,000 weekly cashless policy withdrawal limit for individuals still stands.&nbsp; There are insinuations that other banks in the country may follow [&hellip;]
- [Crypto Market Rate Update Thursday, 6th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-thursday-6th-july-2023-naira-to-usd-usdt/): Opening prices for Thursday, 6th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,099,000.00. Sell: NGN 24,015,142.27, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,528,518,28. Sell: NGN 1,503,981.45 and has increased by [&hellip;]
- [Poly Network Attackers Issues Minted " Worthless" Billions In SHIB,BNB, And BUSB In Latest Crypto Heist.](https://diutocoinnews.com/2023/07/poly-networker-attackers-issues-minted-worthless-billions-in-shibbnb-and-busb-in-latest-crypto-heist/): An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions. Attackers issued billions worth of several tokens on Sunday morning after exploiting a smart contract function in cross-chain protocol PolyNetwork’s bridge tool. Bridges allow users to swap tokens between different blockchains using a smart contract by locking value on one network, and releasing it on another. PolyNetwork attackers were likely able to manipulate the way the bridge works and trick it into issuing tokens on one network which, in reality, did not exist. But an abject [&hellip;]
- [Crypto Market Rate Update Wednesday, 5th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-wednesday-5th-july-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 5th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,447,900.00. Sell: NGN 24,214,000.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,534,080.40. Sell: NGN 1,517,122.95 and has increased by [&hellip;]
- [South Africa Crypto Firms December Deadline To Get Their Licenses.](https://diutocoinnews.com/2023/07/south-africa-crypto-firms-december-deadline-to-get-their-licenses/): South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator.&nbsp; The Financial Sector Conduct Authority has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of Nov. 30, FSCA Commissioner Unathi Kamlana said in an interview. The regulator plans to take “enforcement action” that could see the firms being closed down or fined, if they continue to operate without a license past the deadline, Kamlana said.&nbsp; “There is potentially serious harm to financial customers when using crypto [&hellip;]
- [CBN Sets N15,000 As Transaction Limit For Contactless Payments.](https://diutocoinnews.com/2023/07/cbn-sets-n15000-as-transaction-limit-for-contactless-payments/): The Central Bank of Nigeria (CBN) has placed a N50,000 daily limit on contactless payments through bank accounts or digital wallets. The apex bank also limited the amount per transaction to N15,000 on contactless payments. The CBN disclosed this on Tuesday in a circular titled “Transaction Limits on Contactless Payments.” Musa Jimoh, Director, Payment System Management Department at CBN, who signed the circular, noted that contactless transactions above N50,000 would require appropriate verification going forward. According to the circular: “Transaction limits for contactless payments through accounts/wallets in Nigeria shall be as follows: Transaction limit maximum amount is N15,000, and the cumulative [&hellip;]
- [Crypto Market Rate Update Tuesday, 4th July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-tuesday-4th-july-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 4th July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 24,208,000.00. Sell: NGN 24,007,044.62, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,527,310.35. Sell: NGN 1,507,202.48 and has increased by [&hellip;]
- [A Total Of Five African Banks Adopt PAPSS For Cross-border Transactions.](https://diutocoinnews.com/2023/07/a-total-of-five-african-banks-adopt-papss-for-cross-border-transactions/): The Pan-African Payment and Settlement System (PAPSS) has signed a memorandum of understanding (MOU) with five African multinational commercial banking groups for seamless cross-border trade payments. The banks include Access Bank Group, Ecobank Group, KCB Group, Standard Bank Group, and UBA Group. The partnership is aimed at revolutionising cross-border transactions, leveraging the vast network of subsidiaries and representative offices in major economic centres across Africa. These MOUs were signed on June 2023, at the opening ceremony of Afreximbank’s 30th anniversary celebrations and annual meetings held in Accra, Ghana. Present at the sealing of the deal were heads of state and prime [&hellip;]
- [Crypto Market Rate Update Monday, 3rd July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-monday-3rd-july-2023-naira-to-usd-usdt/): Opening prices for Monday, 3rd July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,820,000.00. Sell: NGN 23,679,921.28, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,515,444.39. Sell: NGN 1,499,018.40 and has increased by [&hellip;]
- [Central Bank of Nigeria To Restart Naira OTC FX Contracts. ](https://diutocoinnews.com/2023/07/central-bank-of-nigeria-to-restart-naira-otc-fx-contracts/): From tomorrow, July 3, 2023, the Central Bank of Nigeria (CBN) will begin quote offers for naira-settled OTC FX Futures (NSOFF) contracts with tenors between 13 and 60 months until June 28, 2024. The apex bank added that offer quotes for contract tenors between 13 and 24 months will be discontinued as the CBN focuses solely on the 25 to 60 months NSOFF contracts during this period. To meet short-term hedging requirements, market participants can now turn to the FMDQ naira-settled Exchange-Traded FX Futures (NSEFF) contracts, to be introduced by FMDQ Securities Exchange Limited in the FMDQ Exchange-Traded Derivatives (ETD) Market [&hellip;]
- [Crypto Market Rate Update Sunday 2nd July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-sunday-2nd-july-2023-naira-to-usd-usdt/): Opening prices for Sunday, 2nd July, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,581,010.46. Sell: NGN 480,000,000.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,491,917.70. Sell: NGN 1,474,329.43 and has increased by [&hellip;]
- [Around $656 Millions Lost From Crypto Hacks, Scam And Rug Pulls In First Half of 2023.](https://diutocoinnews.com/2023/07/around-656-millions-lost-from-crypto-hacks-scam-and-rug-pulls-in-first-half-of-2023/): Blockchain security solutions recently published a report on June 30, that the total value of cryptocurrencies lost in scams, hacks and rug pulls amounted to $656 million during the first half of 2023.  This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams and $75.87 million over 110 rug pulls. For hacks, the amount represented a significant decrease over H1 2022 and H2 2022, where $1.91 billion and $1.69 billion were lost, respectively. In addition, Beosin analysts wrote: “Approximately $215 million of stolen assets were recovered, accounting for 45.5% of all stolen assets. In [&hellip;]
- [Crypto Market Rate Update Saturday 1st July 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/07/crypto-market-rate-update-saturday-1st-july-2023-naira-to-usd-usdt/): Opening prices for Saturday, 1st June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,550,000.00. Sell: NGN 237,387,425.76, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,494,685.38. Sell: NGN 1,471,411.70 and has increased by [&hellip;]
- [Nigerian Fintech Company Faces Internal Hack, Loses $214,000.](https://diutocoinnews.com/2023/06/nigerian-fintech-company-faces-internal-hack-loses-214000/): Fintech startup, backed by Techstars, Glade, was the victim of an internal breach. Two sources told TechCabal that the breach led to the loss of $214,000. The company’s CEO, Liyi Victor, confirmed the breach to TechCabal but did not comment on how much was lost. Liyi said that the perpetrators hacked the company’s backend infrastructure and made away with the funds. The case has been reported to law enforcement agencies. Glade’s hack is the latest in the series of hacks that Nigerian financial service providers have suffered in the past year. Last month, in a story first reported by TechCabal, the [&hellip;]
- [Crypto Market Rate Update Friday 30th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-friday-30th-june-2023-naira-to-usd-usdt/): Opening prices for Friday, 30th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,921,548.85. Sell: NGN 237,760,001.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,462,445.79. Sell: NGN 1,416,966.97 and has decreased by [&hellip;]
- [130 Countries Set To Adopt Central Bank Digital Currency (CBDC).](https://diutocoinnews.com/2023/06/130-countries-set-to-adopt-central-bank-digital-currency-cbdc/): A total of 130 countries representing 98 per cent of the global economy are now joining the Central Bank of Nigeria to implement&nbsp; digital versions of their currencies, with almost half in advanced development, pilot or launch stages, according to closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over the past six months meant that all G20 countries with the exception of Argentina were now in one of those advanced phases. Eleven countries, including a number in the Caribbean, and Nigeria, have already launched central bank digital currencies (CBDCs) as they [&hellip;]
- [Nigerian Banks Record  N96 Billion On Their Fintech Ventures.](https://diutocoinnews.com/2023/06/nigerian-banks-record-n96-billion-on-their-fintech-ventures/): Nigerian banks report remarkable revenue growth in Q1 2023, with ₦96.483 billion ($122,694,806) generated from electronic businesses. The remarkable growth is attributed to the increasing adoption of fintech solutions, resulting in a significant 23.84% increase, compared to the&nbsp; ₦77.907 billion ($99,010,408) recorded in the previous quarter in 2022. Top performing banks UBA and Access Holdings emerged as the leading earners in e-business income, with UBA reporting ₦20.929 billion ($26,651,725) and Access Holdings earning ₦20.664 billion ($26,302,782). Zenith Bank, FirstBank, and GTBank followed closely behind with ₦12.079 billion ($15,379,970), ₦17.876 billion ($22,761,747), and ₦11.425 billion ($14,548,745), respectively. UBA, Access Bank, and Zenith [&hellip;]
- [Crypto Market Rate Update Thursday 29th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-thursday-29th-june-2023-naira-to-usd-usdt/): Opening prices for Thursday, 29th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,388,900.00. Sell: NGN 23,331,797.77, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,432,445.79. Sell: NGN 1,416,808.55 and has decreased by [&hellip;]
- [Consensys Global Research Nigerians Shows Strong Awareness of Web3.](https://diutocoinnews.com/2023/06/consensys-global-research-nigerians-shows-strong-awareness-of-web3/): &nbsp;Consensys, the leading web3 software technology company has unveiled data gathered from a first-of-its-kind global survey on web3 and crypto. The survey, conducted online by international online research data and analytics technology group, YouGov, polled a representative sample of over 15,000 people across countries including Nigeria between April and May. The result of that survey is now available and will provide insights into how people understand web 3 and cryptocurrency and their level of integration across the globe. The results present a compelling picture characterised by widespread awareness of crypto and a strong desire for ownership, coupled with confidence in a [&hellip;]
- [Crypto Market Rate Update For Wednesday 28th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-wednesday-28th-june-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 28th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,510,000.00. Sell: NGN 23,349,650.01, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,444,025.55. Sell: NGN 1,429,761.13 and has decreased by [&hellip;]
- [Nigeria, South Africa, Kenya Leads In Web 3.0 Adoption In Africa. ](https://diutocoinnews.com/2023/06/nigeria-south-africa-kenya-leads-in-web-3-0-adoption-in-africa/): Nigeria, South Africa and Kenya are leading the adoption of blockchain and Web 3.0 technologies on the continent, a new report says. The report, State of Web 3.0 in Africa, by EMURGO Africa – a blockchain technology firm – and PwC was released today. The report casts a spotlight on the rise of blockchain investment within Africa. This report comes at a time when blockchain technology is burgeoning and is regarded as a catalyst to transform many industries, from finance and healthcare to transportation and supply chain management. According to PwC, blockchain technologies could boost the global economy with $1.76 trillion [&hellip;]
- [Crypto Market Rate Update For Tuesday 27th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-tuesday-27th-june-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 27th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,480,000.00. Sell: NGN 23,357,079.35, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,454,706.18. Sell: NGN 1,437,172.52 and has decreased by [&hellip;]
- [Crypto Adoption More Symbolic In Poorer African Countries.](https://diutocoinnews.com/2023/06/crypto-adoption-more-symbolic-in-poorer-african-countries/): According to a study by Kasi Insights, a Kenyan research firm, as much as 82% of surveyed Africans have never owned crypto. Of the remaining 18%, only 8% of the respondents admitted to being holders of digital assets such as bitcoin. In contrast, as much as 66% of the respondents said they have been exposed to crypto. However, only 8% said they had “a considerable amount of exposure to crypto.” As noted by the authors of the report, these and other findings appear to undercut the belief that residents of the African continent have largely embraced and adopted crypto. In some [&hellip;]
- [Crypto Market Rate Update For Monday 26th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-monday-26th-june-2023-naira-to-usd-usdt/): Opening prices for Monday, 26th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,425,000.00. Sell: NGN 23,314,421.82, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,456,347.10. Sell: NGN 1,474,694.87 and has decreased by [&hellip;]
- [Libya Arrests 50 Chinese Nationals For Illegal Crypto Mining. ](https://diutocoinnews.com/2023/06/libya-arrests-50-chinese-nationals-for-illegal-crypto-mining/): Last week, authorities in Libya searched and arrested several individuals as part of their efforts to combat illegal crypto mining in the country. The raid in a data center resulted in the detention of 50 Chinese nationals. During a search by interior ministry agents at a farm in Zliten, located 160 kilometers east of Tripoli, they reported that minors were generating virtual currencies with the assistance of the detained Chinese individuals. In a video shared on Facebook by the Tripoli prosecutor’s office, the crypto-mining operations were conducted in structures without windows, housing numerous industrial fans and a significant quantity of computers [&hellip;]
- [Crypto Market Rate Update For Sunday 25th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-sunday-25th-june-2023-naira-to-usd-usdt/): Opening prices for Sunday, 25th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,730,000.00. Sell: NGN 23,614,861.82, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,483,358.43. Sell: NGN 1,461,927.36 and has decreased by [&hellip;]
- [Nigeria Ranked Among Top Ten Countries In Global Crypto Adoption.](https://diutocoinnews.com/2023/06/nigeria-ranked-among-top-ten-countries-in-global-crypto-adoption/): A Blockchain Technology Company, EMURGO Africa in partnership with PricewaterhouseCoopers disclosed that Nigeria ranked among the Top 10 worldwide for crypto adoption. It said in a statement in Lagos that this was revealed in its “State of Web3.0 in Africa” report unveiled on Friday. EMURGO Africa said that the report provided an expansive and insightful analysis of the emergent influence of blockchain and Web3.0 technologies within Africa and the Middle East and North Africa region. EMURGO Africa said that the report showed that Nigeria’s position emphasised its role in propelling financial inclusion and nurturing innovation in the digital currency sector in [&hellip;]
- [CBN reportedly makes social media handle mandatory KYC requirements for bank customers.](https://diutocoinnews.com/2023/06/cbn-reportedly-makes-social-media-handle-mandatory-kyc-requirements-for-bank-customers/): The CBN has released its Customer Due Diligence Regulations 2023, the Central Bank of Nigeria has mandated Financial Institutions to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses, and more of their customers. The CBN’s latest move aims to bolster compliance with anti-money laundering &amp; counter-t£rrorism financing provisions while aligning with international best practices. It noted, “To provide additional customer due diligence measures for financial institutions under the regulatory purview of the Central Bank of Nigeria to further their compliance with relevant provisions of the Money Laundering (Prevention and Prohibition) Act (MLPPA), 2022, Terrorism (Prevention and Prohibition) Act [&hellip;]
- [Crypto Market Rate Update For Saturday 24th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-saturday-24th-june-2023-naira-to-usd-usdt/): Opening prices for Saturday, 24th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,790,000.00 . Sell: NGN 23,691,298.77, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,482,562.96. Sell: NGN 1,447,200.53 and has decreased [&hellip;]
- [Kenya's President Says Africa Needs Financial Power Says IMF, World Bank Are Prisoners To Rich Nations.](https://diutocoinnews.com/2023/06/kenyas-president-says-africa-needs-financial-power-says-imf-world-bank-are-prisoners-to-rich-nations/): Kenya’s president Ruto Williams, has called for the creation of a global green bank separate from the World Bank and IMF, warning that traditional multilateral lenders were “hostage” to rich world interests and unable to solve the climate crisis. William Ruto, who was elected less than a year ago, told the media that the new non-aligned bank could help to close a shortfall of trillions of dollars needed to halt global warming. “We are in a crisis situation,” he said. He was speaking as world leaders met in Paris to discuss reforming the global financial system, including the World Bank and [&hellip;]
- [Crypto Platform Pillow Exits Nigeria, and Ends Global Services One After Expansion Into Nigeria Market. ](https://diutocoinnews.com/2023/06/crypto-platform-pillow-exits-nigeria-and-ends-global-services-one-after-expansion-into-nigeria-market/): Pillow, a crypto startup platform plans to discontinue all its services and app in the coming weeks, a year after expanding its services to Nigeria and Ghana , it warned customers Friday, citing regulatory uncertainty that has claimed countless other crypto startups in recent quarters. Pillow allowed customers to invest in Bitcoin, stablecoins and altcoins, and promised returns of up to 18% — a figure that dropped to 14% as the market started to cool. It had raised about $21 million altogether and counted Accel India, Quona Capital, Elevation Capital and Jump Crypto among its backers. Pillow revealed its $18 million [&hellip;]
- [Crypto Market Rate Update For Friday 23rd June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-friday-23rd-june-2023-naira-to-usd-usdt/): Opening prices for Friday, 23rd June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,216,000.00 . Sell: NGN 23,149,991.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,469,305.44. Sell: NGN 1,453,415.19 and has decreased [&hellip;]
- [Mastercard Centre Of Attention For Its 'Engage' Program Is On Crypto. ](https://diutocoinnews.com/2023/06/mastercard-centre-of-attention-for-its-engage-program-is-on-crypto/): Mastercard has expanded its Engage program, which links potential card issuers with partners that can provide appropriate technical expertise, to help bring cryptocurrency card programs to market, allowing a growing cohort of crypto firms to leverage the credit card giant’s global network, according to a press release. Mastercard Engage helps cut the time it takes to bring crypto cards to market and creates crypto-to-fiat conversion capabilities, Mastercard said. The system identifies and builds partnerships with companies that issue cards or are BIN [bank identification number] sponsors looking to launch a crypto card. The initiative by the 57-year-old credit card firm with [&hellip;]
- [Dollar Sells As High As N815 In Investor and Exporter Forex Window. ](https://diutocoinnews.com/2023/06/dollar-sells-as-high-as-n815-in-investor-and-exporter-forex-window/): The naira depreciated by 1.79 per cent against the United States dollar on the Investor &amp; Exporter forex window on Wednesday, closing at N815./$. On Monday, local currency slumped to 770.38/$ at the close of trading on the I&amp;E window on Monday, from 686.96/$ at the close of trading on Friday. According to figures obtained from the FMDQ, the trading, which commenced at 701.75/$ on Tuesday reached a high of 781/$ before closing at 756.61/$. The trading also recorded improved turnover of $134.47m on Tuesday from $78.03m at the close of trading on Monday. This is the highest rate traded for [&hellip;]
- [Crypto Market Rate Update For Thursday 22nd June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-thursday-22nd-june-2023-naira-to-usd-usdt/): Opening prices for Thursday, 22nd June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 23,348,000.00 . Sell: NGN 23,145,460.22, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,481,622.61. Sell: NGN 1,469,290.90 and has decreased [&hellip;]
- [Kenya's President Insists on Less Circulation and Trading With Dollar In Africa.](https://diutocoinnews.com/2023/06/kenyas-president-insists-on-less-circulation-and-trading-with-dollar-in-africa/): Kenya&#8217;s President William Ruto has again urged African countries to consider settling cross-border transactions with their respective currencies instead of the U.S. dollar. In his remarks made while addressing the Djibouti parliament, Ruto argued that the African continent’s Afreximbank already has the mechanism in place to enable seamless settling of transactions between traders. The latest remarks by the Kenyan leader, whose country is among several African nations facing dollar shortages, come just a few weeks after he similarly implored his counterparts to kickstart the process to ditch the U.S. dollar. Ruto believes trade between African countries is already hampered by the [&hellip;]
- [Crypto Market Rate Update For Wednesday 21st June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-wednesday-21st-june-2023-naira-to-usd-usdt/): Opening prices for Wednesday, 21st June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 22,240,000.00 . Sell: NGN 21,989,646.74, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,403,981.91. Sell: NGN 1,383,214.13 and has decreased [&hellip;]
- [IMF Is Working On A Global Central Bank Digital Currency CBDC Platform. ](https://diutocoinnews.com/2023/06/imf-is-working-on-a-global-central-bank-digital-currency-cbdc-platform/): The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that it is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries. &#8220;CBDCs should not be fragmented national propositions&#8230; To have more efficient and fairer transactions we need systems that connect countries: we need interoperability,&#8221; Georgieva told a conference attended by African central banks in Rabat, Morocco. &#8220;For this reason at the IMF, we are working on the concept of a global CBDC platform,&#8221; she said. The IMF wants central banks to agree on a common regulatory framework for digital currencies that will [&hellip;]
- [Crypto Market Rate Update For Tuesday 20th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-tuesday-20th-june-2023-naira-to-usd-usdt/): Opening prices for Tuesday, 20th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,519,000.09. Sell: NGN 20,417,826.00, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,328,756.10. Sell: NGN 1,319,589.11 and has decreased by [&hellip;]
- [Central Bank of Nigeria Lifts Cash Deposit Restrictions On Domiciliary Accounts, Approves Daily $10,000 Withdrawal. ](https://diutocoinnews.com/2023/06/central-bank-of-nigeria-lifts-cash-deposit-restrictions-on-domiciliary-accounts-approves-daily-10000-withdrawal/): The Central Bank of Nigeria has announced the removal of cash deposit limitations on domiciliary accounts, granting account holders the liberty to withdraw up to $10,000 per day. This development marks a significant shift in the nation’s monetary policy, allowing individuals greater flexibility in managing their funds held in domiciliary accounts. The CBN made this disclosure in a press statement on Sunday, after deliberating at an extraordinary Bankers’ Committee meeting. According to the press statement signed by the CBN’s director of the banking supervision department, Haruna Mustafa, the meeting was held to discuss the implementation and implications of the policy changes [&hellip;]
- [Crypto Market Rate Update For Monday 19th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-monday-19th-june-2023-naira-to-usd-usdt/): Opening prices for Monday, 19th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,240,000.09. Sell: NGN 20,115,238.85, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,325,360.19. Sell: NGN 1,310,813.27 and has decreased by [&hellip;]
- [Africa's Fintech Investment Drops By 17% In Q1 2023.](https://diutocoinnews.com/2023/06/africas-fintech-investment-drops-by-17-in-q1-2023/): According to the latest report from Fintech Global,investments in the African continent declined year-on-year by 17 percent to $331 million in the first quarter of 2023. The global provider of financial technology information services also revealed that the second most populated continent recorded a 69 percent drop in deals. “Removing MNT-Halan’s deal ($260million), African fintech companies only raised $71 million in Q1 2023. The largest deal in Q1 2022 was from m-kopa ($75million), which provides connected asset financing solutions,’ it said. It added when removing these two large deals from the figures, African fintech investment in Q1 dropped 78 percent. The [&hellip;]
- [Africa's Blockchain Investment By 1668%, According To Latest Report. ](https://diutocoinnews.com/2023/06/africas-blockchain-investment-by-1668-according-to-latest-report/): According to a report released by Emurgo Africa, Blockchain technology investment in Africa increased by 1668 percent between 2021 and 2022, according to a report to be released by Emurgo Africa. The report sponsored by the blockchain technology company is the first comprehensive state of Web 3:0 report in Africa, scheduled to be released on June 23, 2023 in Nairobi, Kenya. According to a statement released by the company, the report highlights the rapidly-evolving landscape of Web 3.0 technologies in African countries, providing in-depth analysis of their impact, opportunities, and challenges and offering recommendations for fostering growth and measurable impact. “Key [&hellip;]
- [Crypto Market Rate Update For Sunday 18th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-sunday-18th-june-2023-naira-to-usd-usdt/): Opening prices for Sunday, 18th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,281,700.00. Sell: NGN 20,192,492.43, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,325,922.30. Sell: NGN 1,311,796.15 and has decreased by [&hellip;]
- [Zimbabwean Crypto Trader Stole Over $457,000 From Crypto Wallets Belonging To His Clients. ](https://diutocoinnews.com/2023/06/zimbabwean-crypto-trader-stole-over-457000-from-crypto-wallets-belonging-to-his-clients/): A Zimbabwean crypto dealer, Lloyd Chiyangwa, has been accused of stealing more than $457,000 worth of assets from crypto wallets belonging to one of his clients, a report has said. According to prosecutors, Chiyangwa stole the funds using the seed phrases and passwords he obtained when he initially helped the unidentified client create crypto wallets. As per the report in the Herald, Chiyangwa’s client initially bought the digital assets in July 2020 from an unidentified United Kingdom-based company. At the time of the purchase, the client lived in India. However, after returning to Zimbabwe sometime in 2021, the client sought the [&hellip;]
- [Crypto Market Rate Update For Saturday 17th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-saturday-17th-june-2023-naira-to-usd-usdt/): Opening prices for Saturday, 17th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 20,240,000.00. Sell: NGN 20,039,618.22, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,326,612.10. Sell: NGN 1,308,954.93 and has decreased by [&hellip;]
- [Nigeria Inflation Rate Rises To 22.41%.](https://diutocoinnews.com/2023/06/nigeria-inflation-rate-rises-to-22-41/): Nigeria’s inflation surged to 22.41 percent in the month of May, 2023, according to a report from the National Bureau of Statistics (NBS) released on Thursday. According to the NBS, in May 2023, the headline inflation rate increased to 22.41% relative to April 2023 headline inflation rate which was 22.22%. The NBS said looking at the movement, the May 2023 inflation rate showed an increase of 0.19% points when compared to April 2023 headline inflation rate. Similarly, it said on a year-on-year basis, the headline inflation rate was 4.70% points higher compared to the rate recorded in May 2022, which was [&hellip;]
- [Crypto Market Rate Update For Friday 16th June 2023: Naira to USD (USDT).](https://diutocoinnews.com/2023/06/crypto-market-rate-update-for-friday-16th-june-2023-naira-to-usd-usdt/): Opening prices for Friday, 16th June, 2023, updated rates on USD – USDT and other most popular cryptocurrencies on DiutoCoinNews. Quotations are expressed in Naira. Look for the virtual currency of your choice and check its average rate, market value and volume over the past 24 hours according to Binance and OKX P2P rates. Bitcoin BTC: The BTC to NGN conversion rate today is ; Buy : NGN 19,572,779.49. Sell: NGN 19,391,663.03, and has increased by 0.02% in the last 24 hours. Ethereum: The ETH to NGN conversion rate today is; Buy: NGN 1,283,433.77. Sell: NGN 1,267,980.35 and has decreased by [&hellip;]
- [Visa Launches $1 Billion Fintech Accelerator Programme For Africa. ](https://diutocoinnews.com/2023/06/visa-launches-1-billion-fintech-accelerator-programme-for-africa/): Visa set to invest $1 billion In Africa&#8217;s fintech startups in order to get the opportunity to scale their services every year, after participating in the Visa Africa Fintech Accelerator program set to kick off in July 2023 is targeting 40 startups each year to go through a three-month intensive learning programme focused on business growth and mentoring. The new initiative is a three-month intensive learning program focused on business growth and mentoring. On completion of the program, Visa says it intends to provide support for fintech growth with capital investment in select participating businesses while accelerating their commercial launch through [&hellip;]
- [Naira Rates: CBN Forms Task Force to Double the Remittance Inflows ](https://diutocoinnews.com/2024/04/naira-rates-cbn-forms-task-force-to-double-the-remittance-inflows/): The Central Bank of Nigeria (CBN) has formed a task force that will drive the inflow of remittance into Nigeria.  The new forced  will report directly to Yemi Cardoso, the governor of the CBN. He made this statement at a press briefing following the conclusion of the World Bank/IMF Spring Meetings in Washington, DC, on Saturday, April 20th Currently, according to the World Bank, the remittance inflows into Nigeria averages around $20.5 billion.  Read Also: CBN Refutes Claims on a Circluar Claiming to Apprehend P2P Merchants in Nigeria. Nigeria relies heavily on remittance, and this is why CBN had set up [&hellip;]
- [CBN Refutes Claims on a Circluar Claiming to Apprehend P2P Merchants in Nigeria.](https://diutocoinnews.com/2024/04/cbn-refutes-claims-on-a-circluar-claiming-apprehend-p2p-merchants-in-nigeria/): In a recent tweet from the Central Bank of Nigeria, the country&#8217;s top financial institution has debunked the recent circular claiming to lawfully apprehend P2P Crypto merchants in the country.&nbsp; CBN reiterates that the information spreading is FAKE and does not originate from the Central Bank of Nigeria.&nbsp; Read Also: CBN Deletes Tweet Debunking a Circular Claiming to Prohibit Banks From Facilitating Payment for Crypto Exchanges Individuals, or otherwise merchants and other financial bodies, are encouraged to always use the government&#8217;s body website to verify the accuracy of any news update. The general public is therefore encouraged to disregard the fake [&hellip;]
- [CBN Deletes Tweet Debunking a Circular Claiming to Prohibit Banks From Facilitating Payment for Crypto Exchanges](https://diutocoinnews.com/2024/04/delete-fake-tweet-facilitating-payment-for-crypto-currency-exchanges-is-prohibited-cbn/): The Central Bank of Nigeria has debunked a circular currently circulating about its institution prohibiting Deposit Money Banks, Non-Bank Financial Institutions, Other institutions, and members of the public on the risk associated with transactions in crypto currency.&nbsp; The fake circular claimed that CBN has tasked and authorised banks to identify account owners engaging in crypto currency related transactions and put such account s on Post No Debit (PND) for 6 months. Read Also: Tip on X (Formerly Twitter) and Farcaster Using Crypto; Powered by Ham and TN100x The public is advised to disregard this information earlier before now
- [Tip on X (Formerly Twitter) and Farcaster Using Crypto; Powered by Ham and TN100x](https://diutocoinnews.com/2024/04/tip-crypto-x-twitter-ham-tn100x/): Tipping on Twitter is now possible with Floaties powered by Ham And TN100x.&nbsp; It all started with tipping HAM on Farcaster through Warpcast using the Ham Emoji. This has evolved to tipping other numerous memes coins on Farcaster and Twitter using floaties.&nbsp; In a bid to onboard millions on chain, TN100x powered Ham Project on Base Chain has made it possible to tip crypto to anybody around the world on X (formerly Twitter) and Farcaster. You can currently tip 21 different cryptos including USDC while more will be coming soon. The Platform intends to make it possible to tip a wide [&hellip;]
- [March Madness: Bitcoin, Ethereum, and Solana Clash in the Crypto Arena](https://diutocoinnews.com/2024/04/march-madness-bitcoin-ethereum-and-solana-clash-in-the-crypto-arena/): March 2024 proved to be a month of dynamic shifts and intense market activity in the cryptocurrency sphere. As Bitcoin prepared for its impending halving event, Ethereum celebrated the successful implementation of its Dencun upgrade, while Solana surged forward amidst a frenzy of meme coin trading. Let&#8217;s delve into the key highlights of March and what lies ahead as we step into April. Bitcoin&#8217;s Test Prior to Halving: Bitcoin, the flagship cryptocurrency, faced a period of consolidation in March, prompting speculation and anticipation ahead of its upcoming halving event. Despite concerns of &#8216;sell the news&#8217; behaviour, market sentiment remains bullish in [&hellip;]
- [Binance Reportedly Assisted Nigerian Law Enforcement Agencies with Over 600 Information Requests in the Last Four Years](https://diutocoinnews.com/2024/04/binance-assisted-nigeria-law-enforcement-agencies/): Binance also reportedly educated members of the Nigerian financial crime commision on how to combat financial crimes that involve digital assets Binance has revealed that it has continuously partnered with Nigerian authorities to bring about responsible growth of crypto in Nigeria. In a bid to achieve this, they revealed in their report that they have responded to 626 information requests from the economic and financial crimes commision (EFCC) and other related agencies in the last 4 years.  With an average of 37.4 hours between submission and resolution, the information provided helped authorities to tackle crimes ranging from scams and fraud to [&hellip;]
- [Coinbase to launch DOGE futures by April, says it has ‘transcended’ meme origins](https://diutocoinnews.com/2024/03/coinbase-to-launch-doge-futures-by-april-says-it-has-transcended-meme-origins/): Coinbase, the cryptocurrency exchange, has revealed its intentions to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash, with a targeted launch date as early as April 1st. Coinbase, a prominent cryptocurrency exchange, views Dogecoin&#8217;s enduring popularity as indicative of its evolution beyond its origins as a meme, positioning it as a significant asset in the crypto industry. With this in mind, the exchange intends to introduce futures trading products for Dogecoin. In correspondence with the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives outlined plans to launch cash-settled futures contract offerings for Dogecoin, Litecoin, and Bitcoin [&hellip;]
- [Dovish Outlook from FOMC Drives The Cryptocurrency Market Back Up](https://diutocoinnews.com/2024/03/dovish-outlook-from-fomc-drives-the-cryptocurrency-market-back-up/): Despite the prevailing optimism, worries persist about the possibility of another significant downturn as the halving approaches in just a few days. Following an intense two-day meeting, the FOMC revealed its decision to keep rates unchanged, holding them steady at 5.5%, which marks a 23-year high. After the FOMC&#8217;s announcement, the cryptocurrency market collectively exhaled with relief, shedding the gloom of a challenging week by surging 8.18%. Although this percentage increase may not appear substantial at first glance, it resulted in a market cap growth of over $300 billion, pushing the total to exceed $2.5 trillion at the time of writing. [&hellip;]
- [Binance Receives a Court Order to Deliver Detailed User Data to Nigerian Authorities](https://diutocoinnews.com/2024/03/binance-receives-a-court-order-to-deliver-detailed-user-data-to-nigerian-authorities/): The court order was issued to facilitate the EFCC to uncover the allegations of money laundering and terrorism financing on the Binance platform. A Federal High Court in Nigeria has mandated Binance to furnish comprehensive data regarding all its Nigerian users to the nation&#8217;s leading anti-corruption agency, the Economic and Financial Crimes Commission (EFCC). This ruling emerges amidst escalating tensions between the cryptocurrency exchange and Nigerian authorities in recent weeks.&nbsp; Nigeria attributes its unstable economic situation to Binance, alleging that the exchange has contributed to the instability of the Naira by enabling individuals to transfer their funds into cryptocurrency. Why Was [&hellip;]
- [Nigeria's SEC Plans to Hike Registration Fees for Cryptocurrency Exchanges](https://diutocoinnews.com/2024/03/nigerias-sec-plans-to-hike-registration-fees-for-cryptocurrency-exchanges/): Nigeria&#8217;s Securities and Exchange Commission (SEC) has proposed changes to regulations governing platforms offering cryptocurrency services, including a significant increase in the registration fee for crypto exchanges from 30 million naira ($18,620) to 150 million naira ($93,000). The SEC stated that these proposed amendments aim to provide clarity and integrate feedback from industry stakeholders, particularly following discussions with the Central Bank of Nigeria (CBN). Initially introduced in May 2022, the SEC&#8217;s rules and guidelines for all crypto and digital asset service providers are now undergoing amendments as of Friday, March 15, 2024. As per the updated guidelines, digital asset exchanges, offering [&hellip;]
- [Which Country Made The Most Profit From Crypto Trading In 2023?](https://diutocoinnews.com/2024/03/which-country-made-the-most-profit-from-crypto-trading-in-2023/): A Chainanalysis report reveals that crypto investors made an estimated profit of $ 37 billion in 2023.  In 2023, the cryptocurrency markets bounced back from the turbulence of 2022, showing signs of improvement in both asset prices and overall market sentiment. According to Chainalysis, investors in the crypto space collectively saw gains amounting to $37.6 billion over the course of the year. Chainalysis notes that although crypto asset prices showed similar growth rates in 2023 compared to 2021, the total gains for the year were lower. This discrepancy suggests that investors in 2023 may have been less inclined to convert their [&hellip;]
- [Interview with Haipo Yang; CoinEx CEO on Ethereum Decun Upgrade and Bitcoin Halving](https://diutocoinnews.com/2024/03/interview-with-haipo-yang-coinex-ceo-on-ethereum-decun-upgrade-and-bitcoin-halving/): Bitcoin Halving and Ethereum Decun upgrade are now the two most anticipated events for the crypto economy in 2024. But what are the impacts of this event on the crypto industry? The widely accepted outcome of the halving is usually a corresponding bull market.  Could this year’s halving be any different? Also, what is the effect of the Decun upgrade on Ethereum? Haipo Yang, CEO of Coinex and a pioneer in the Bitcoin space since 2011, in an interview with DiutoCoinNews, gave his views on the outcome of the upcoming Bitcoin halving and Ethereum upgrade  Q: DiutoCoinNews; The upcoming Bitcoin halving [&hellip;]
- [Bitcoin’s 7% Decline Results in $660 Liquidations In a Single Day](https://diutocoinnews.com/2024/03/bitcoins-7-decline-results-in-660-liquidations-in-a-single-day/): The decline is said to be a projection of an increased interest rate, which has caused a decline in ETF inflows The recent sharp decline in Bitcoin&#8217;s price has led to significant liquidations among cryptocurrency traders, surpassing $661 million within the last day, impacting close to 200,000 traders. During the early trading hours of March 15, Bitcoin experienced a rapid 7.5% drop, plummeting from $72,000 to $66,500. Although the asset saw a minor recovery, briefly reaching the $68,000 mark, it faced resistance and subsequently declined further to approximately $67,500 at the time of reporting, based on Tradingview data. This marks an [&hellip;]
- [Can AI and Memecoins Spark An Altcoin Rally?](https://diutocoinnews.com/2024/03/can-ai-and-memecoins-spark-an-altcoin-rally/): Historical trends suggest a potential altcoin rally but the current buzz surrounding AI tokens and meme coins could mean that they will lead the rally. Amidst the bullish market trend, altcoins have showcased noteworthy performances. But, recent data points towards a continuation of the bullish momentum for altcoins.&nbsp; Against this backdrop, the growing attention on AI tokens and meme coins raises the question: could they spark the beginning of the next significant market movement? Read Also: Pantera Capital Shows Interest in Buying up FTX’s Solana Holdings Renowned crypto analyst Moustache recently took to Twitter to share an intriguing observation. According to [&hellip;]
- [Pantera Capital Shows Interest in Buying up FTX's Solana Holdings](https://diutocoinnews.com/2024/03/pantera-capital-shows-interest-in-buying-up-ftxs-solana-holdings/): As per February&#8217;s marketing documents, prospective investors were offered the opportunity to purchase SOL at a 39% discount but subject to a four years vesting period On March 8, reports emerged indicating that Pantera Capital, a cryptocurrency-focused asset manager boasting a $5.2 billion portfolio, is seeking funds to acquire Solana (SOL) tokens from the bankrupt estate of FTX. Pantera Capital&#8217;s plan involves procuring SOL tokens at a rate 39% lower than the 30-day average market price or a fixed rate of $59.95 per token. This discounted purchase is contingent upon agreeing to a vesting period extending up to four years. Read [&hellip;]
- [What Triggered Tuesday's Market Slide?](https://diutocoinnews.com/2024/03/what-triggered-tuesdays-market-slide/): Analysts attribute tuesday’s sharp drop on bitcoin to a sell from a Satoshi era wallet Bitcoin surged to a record high of over $69,000 before facing intensified selling pressure. Data from Spot On Chain, a crypto analytics service, showed that a substantial part of this selling pressure came from a wallet associated with the early days of Bitcoin, known as the &#8220;Satoshi era,&#8221; when its anonymous creator was still active. The whale mined 1,000 BTC in 2010 when Bitcoin was valued at less than $0.28 and remained inactive for over a decade. They have now likely earned more than $67 million [&hellip;]
- [What is DEPIN technology, why has it gained prominence in crypto?](https://diutocoinnews.com/2024/03/what-is-depin-technology-why-has-it-gained-prominence-in-crypto/): The promising new trend that surfaced last year has gained even more momentum in 2024, as more web3 users recognize its potential What is DEPIN? DePIN stands for Decentralized Physical Infrastructure Networks. They utilize crypto incentives to build real-world physical infrastructure in sectors like transportation, energy, wireless connectivity and much more. Blockchain technology, having transformed digital systems by introducing concepts like decentralized finance (DeFi) and non fungible tokens, now integrates DePINs to extend this decentralization to physical infrastructures. How Does DEPIN Work DePINs operate by utilizing blockchain technology to distribute authority and management across a network rather than centralizing it within [&hellip;]
- [Bitcoin to $80k: 3 signs that Bitcoin will reach new ATH](https://diutocoinnews.com/2024/03/bitcoin-to-80k-3-signs-that-bitcoin-will-reach-new-ath/): The cryptocurrency market has begun March with strong momentum, although there are indications of a slight deceleration compared to its rapid rise recently. Bitcoin (BTC) has remained stable near the $62,000 level, demonstrating resilience amidst fluctuating market sentiments. This comes after its impressive surge beyond $60,000 and reaching a peak of $67,000 today. As of the time of writing, Bitcoin (BTC) is trading at $66,277 boasting a market capitalization of over $1.303 trillion. Here are 3 indicators that the bitcoin will reach new ATH The Bitcoin Halving Bitcoin halving, a fundamental event occurring roughly every four years, has a profound impact [&hellip;]
- [Nigerian Government Debunks Reports of $10B Fine for Binance.](https://diutocoinnews.com/2024/03/nigerian-government-debunks-reports-of-10b-fine-for-binance/): As of now, no decision has been reached regarding the imposition of a fine on the cryptocurrency exchange. A representative from the Nigerian government has denied the speculation surrounding a $10 billion fine on Binance. Bayo Onanuga, who serves as a special adviser to the Nigerian president on information and strategy, refuted the allegations reported by the media, attributing them to a misinterpretation. In response to a report from the People&#8217;s Gazette, Onanuga clarified that his initial statement was misrepresented, emphasizing that no definitive decision has been made regarding the imposition of a fine on Binance. He specifically stated that he [&hellip;]
- [The outrageous $10 billion fine on Binance](https://diutocoinnews.com/2024/03/the-outrageous-10-billion-fine-on-binance/): Binance faces heightened regulatory scrutiny in Nigeria as authorities intensify their examination of the platform and its activities. The Nigerian government is reportedly contemplating imposing fines at the volume of  $10 billion on Binance. An outrageous amount which has made the measure appear unrealistic to the public. According to local media outlets, Bayo Onanuga, the special adviser to the Nigerian president, alleged that the exchange had benefited from facilitating illegal transactions within the country, resulting in significant losses for the nation.&nbsp; Onanuga suggested that the proposed fine would serve as a form of retribution for the exchange&#8217;s actions. Furthermore, the report highlighted [&hellip;]
- [ETH Hits New 2-Year High: Should You Sell Now?](https://diutocoinnews.com/2024/03/eth-hits-new-2-year-high-should-you-sell-now/): Investors are growing cautious amidst the emergence of a significant sell signal near the $3,500 threshold. Ethereum (ETH), benefiting from Bitcoin&#8217;s recent upward momentum, faces a critical juncture, leading traders to proceed with caution as fresh data suggests possible changes in market dynamics. On the 3-day chart, Ethereum showed a significant sell signal as it neared the crucial $3,500 resistance level. According to an analyst, this technical signal served as a warning for traders, advising prudent decision-making before executing substantial actions in the ETH market. Read Also: Bitcoin Blasts Through 57k, Analysts Still Believe a Pre-Halving Dump is Imminent Ethereum whales [&hellip;]
- [Binance and others crypto exchanges seize support for USDT/NGN Pair](https://diutocoinnews.com/2024/02/binance-and-others-crypto-exchanges-seize-support-for-usdt-ngn-pair/): Due to regulatory problems Nigerians can no longer trade their USDT to their local fiat currencies&nbsp; Nigerians can no longer convert their crypto to their local currencies anymore. This is due to the government&#8217;s clampdown on crypto exchanges in a bid to stabilize the naira.&nbsp; According to the Financial Times, two Binance executives have been detained in Nigeria, and their passports have been confiscated.  Read Also: Binance Denies Manipulating Nigerian Naira Despite ‘Glitch’ Impacting P2P Traders This allegedly led to suspension of the trading pair on not just Binance but on other exchanges including Bitmama, Busha, Luno, Patricia, Quidax, Roqqu and [&hellip;]
- [Bitcoin Blasts Through 57k, Analysts Still Believe a Pre-Halving Dump is Imminent](https://diutocoinnews.com/2024/02/bitcoin-blasts-through-57k-analysts-still-believe-a-pre-halving-dump-is-imminent/): Bitcoin has exceeded expectations to reach a 2-year high of 57,000 but analysts still expect a pre-halving dump On February 26, Bitcoin surged to its highest point in over two years, reaching $57,000. The cryptocurrency experienced a 9 percent increase, briefly touching the milestone before retracing back to around $56,100 levels, according to data from trading view.  The pump has been attributed to several factors including the upcoming halving and the growing optimism caused by sustained investor demand since the exchange-traded funds (ETFs) approval. According to the most recent CoinShares report, institutional Bitcoin investment products attracted inflows amounting to $598 million [&hellip;]
- [When is the best time to sell Airdrops?](https://diutocoinnews.com/2024/02/when-is-the-best-time-to-sell-airdrops/): Reports show that 40 percent of airdropped token dumps after their first 2 weeks, suggesting that the best time to sell may be two weeks after receiving them. Since 2020, there has been a notable surge in interest surrounding airdrops. The predominant method for receiving free airdropped tokens involves engaging in pre-launch blockchain network activities or promotional endeavors. Recent data from cryptocurrency data aggregator CoinGecko reveals that holding a newly airdropped crypto token for more than 14 days has, almost half the time, led to missing the opportunity to sell at its all-time high. According to CoinGecko, over the last four [&hellip;]
- [Coinbase CEO Debunks Reports Of Government Ban On Crypto Exchange ](https://diutocoinnews.com/2024/02/coinbase-ceo-debunks-reports-of-government-ban-on-crypto-exchange/): This comes after a series of rumors that the Nigerian government were about to block crypto exchanges due to the incidents with the naira. Coinbase, a leading cryptocurrency exchange based in the United States, has refuted claims suggesting that it received directives from the Nigerian government to block its citizens from accessing its crypto trading platform. The rebuttal was issued by Coinbase&#8217;s CEO, Brian Armstrong, who responded to the matter via a post on X. Armstrong affirmed that Coinbase&#8217;s services remain available in Nigeria, with no disruptions reported. Read Also: Binance Denies Manipulating Nigerian Naira Despite ‘Glitch’ Impacting P2P Traders Armstrong [&hellip;]
- [China Introduces Digital Yuan Option for Car Pre-Purchase Transactions](https://diutocoinnews.com/2024/02/china-introduces-digital-yuan-option-for-car-pre-purchase-transactions/): The digital yuan, China’s central bank digital currency (CBDC), is being used as a security for car pre-purchase payment settlements. Local media reported that the Market Supervision Bureau in Pingshan, a district of Shenzhen with 400,000 citizens, and the Agricultural Bank of China have initiated a pilot test for car payments, incorporating the use of the digital yuan, China&#8217;s central bank digital currency (CBDC). The pilot aims to leverage the benefits of the digital yuan by using smart contracts called smart locks. This lock can only be removed upon the in successful delivery of the car.  In early February, the initial [&hellip;]
- [South Africa Eyes Stablecoins and Blockchain to Enhance Digital Payment Efficiency](https://diutocoinnews.com/2024/02/south-africa-eyes-stablecoins-and-blockchain-to-enhance-digital-payment-efficiency/): The 2024 budget review of South Africa emphasized the necessity for structural changes and a concentration on enhancing public financial management. In its annual budget, South Africa&#8217;s treasury unveiled initiatives aimed at fostering the adoption of digital payments, with a strategic focus on exploring stablecoins and blockchain technologies to enhance the well-being of marginalized communities. The 2024 budget review of the country underscored the importance for implementing structural reforms and enhancing public financial management practices.&nbsp; Read Also: Regulations: South African Crypto Regulators Will Start Issuing out first Set Of Licenses Within this context, the National Treasury outlined its strategic vision to [&hellip;]
- [Binance Denies Manipulating Nigerian Naira Despite 'Glitch' Impacting P2P Traders](https://diutocoinnews.com/2024/02/binance-denies-manipulating-nigerian-naira-despite-glitch-impacting-p2p-traders/): Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, On February 21, made damning allegations against Binance, asserting that the platform has overtly taken on the role of determining exchange rates for Nigeria, effectively usurping the responsibilities of the Central Bank of Nigeria (CBN). This scathing attack was delivered via the social media platform X. “The EFCC and the CBN should move against these platforms trying to manipulate our national currency to Ground Zero. Crypto should be banned in our country or else this bleeding of our currency will continue unabated.” Onanuga Binance&#8217;s peer-to-peer (P2P) platform for Nigerian users experienced [&hellip;]
- [Airdrop: Farm Daily Wallet Airdrop Using Telegram Mini App](https://diutocoinnews.com/2024/02/airdrop-farm-daily-wallet-airdrop-using-telegram-mini-app/): The latest telegram mini app airdrop is the multi-crypto wallet known as Daily Wallet. What is Daily Wallet? Daily Wallet&#8217;s core consensus is POSE (Proof of Social Engagement), we will introduce the vital concept of this unique consensus and give you details about how POSE works on Daily Wallet Daily Wallet differentiates itself in the crypto ecosystem by using Proof of Social Participation as a consensus mechanism and encouraging users to actively participate.&nbsp; Read Also: Airdrop: Qualify for Potential OKX’s $X1 Layer 2 Blockchain Airdrop Airdrops are an extension of this approach, seamlessly linking participation with token distribution, increasing the strength [&hellip;]
- [Ethereum Developers Release 'Dencun' on Testnet Sets March 13 for Mainnet](https://diutocoinnews.com/2024/02/ethereum-developers-release-dencun-on-testnet-sets-march-13-for-mainnet/): The timing for the long-awaited Dencun upgrade was reportedly announced Thursday on a call with top developers for the Ethereum blockchain. Key Facts About the Dencun Upgrade When is the Upgrade? Ethereum developers set a target date of March 13 for its long-awaited Dencun upgrade the &#8220;proto-dank sharding&#8221; feature.&nbsp; The Dencun upgrade is supposed to reduce costs for transactions on auxiliary &#8220;layer-2&#8221; networks built atop Ethereum, by providing a dedicated space for data storage. The decision was communicated during the all-core developer&#8217;s consensus layer call 127 – just one day after the upgrade was successfully added to the Holesky testnet, the [&hellip;]
- [Airdrop: Qualify for Potential OKX’s $X1 Layer 2 Blockchain Airdrop](https://diutocoinnews.com/2024/02/airdrop-qualify-for-potential-okx-x1-layer-2-blockchain-airdrop/): OKX Exchange launched its layer 2 blockchain known as X1 last year. The Ethereum layer 2 chain will be going live in the Q1 of 2024. What is OKX  X1 Blockchain? X1 decentralized ETH Layer 2 network aims to provide users with a secure and user-friendly blockchain experience. It achieves this by utilizing zk-proofs to ensure the validity and near-instant finality of off-chain transaction computations. What&#8217;s Involved? There is zero cost to do this airdrop, you can use okx mobile wallet, and you don&#8217;t need a laptop. This airdrop can only take you ten minutes to finish and potentially get $10,000.  [&hellip;]
- [CBN debunks Alleged Plans to Convert $30 Billion Domiciliary Deposits into Naira.](https://diutocoinnews.com/2024/02/cbn-debunks-alleged-plans-to-convert-30-billion-domiciliary-deposits-into-naira/): The bank said the allegation is false and only aims to trigger panic in the foreign exchange market, which the CBN is working assiduously to stabilise The Federal Government and the Central Bank of Nigeria (CBN) have refuted claims that it intends to convert $30 billion domiciliary deposits into naira currency as a strategy to address the foreign exchange (forex) challenges and stabilize the value of the naira which reached its lowest point (1500/$) in the last week. Read Also: Nigerian Bureau De Change Blames it’s shutdown on Crypto P2P Emergence In a statement released on Saturday, the Minister of Finance [&hellip;]
- [Nigerian Bureau De Change Blames it’s shutdown on Crypto P2P Emergence](https://diutocoinnews.com/2024/02/nigerian-bureau-de-change-blames-its-shutdown-on-crypto-p2p-emergence/): Although Nigerians involved in FX transaction prefer using crypto due to ease and speed, analysts argue that crypto is not responsible for the BDC’s shutdown Nigerian currency traders, commonly referred to as Bureau De Change (BDC) operators, have declared the closure of their businesses in Abuja due to the lack of access to Fiat USD, as reported by local media. The operators cited the emergence of crypto peer-to-peer (P2P) platforms as a contributing factor to their challenges. Nigerian Web3 legal representative and analyst Kue Barinor Paul refutes this claim saying that “The Nigerian cryptocurrency peer-to-peer (P2P) market is not accountable for [&hellip;]
- [With just 76 Days to the halving event, Bitcoin mining difficulty hits new ATH](https://diutocoinnews.com/2024/02/with-just-76-days-to-the-halving-event-bitcoin-mining-difficulty-hits-new-ath/): Mining difficulty for bitcoin has increased by 7.33% but the collective hash rate of the Bitcoin network is maintaining strength. Halving Ritual Apart from the four-yearly halving ritual, the Bitcoin network also undergoes difficulty adjustments roughly every two weeks.  Bitcoin mining has witnessed a remarkable increase in mining difficulty, reaching a new all-time high of 75.50T at block height 828,576 on Feb. 2. This is a 7.33%, which stands as the most substantial rise seen this year, a testament to what miners are about to face after the halving. The Bitcoin community eagerly awaits the fourth halving event since the inception [&hellip;]
- [Airdrop: How to Farm the Drift Protocol Airdrop on Solana](https://diutocoinnews.com/2024/02/airdrop-how-to-farm-the-drift-protocol-airdrop-on-solana/): Drift Protocol, the largest perpetual swap futures exchange on Solana, launched a points program ahead of an airdrop.  What is Involved?  The points will be generated primarily by a user&#8217;s trading activity. They’re based proportionally on the trading volume of the user. Points can also be distributed based on the Liquidity provided by a user. Drift points will be distributed to users every week, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total. Find Raise? Yes, Drift Protocol raised [&hellip;]
- [Celsius initiates repayment of more than $3 billion to creditors.](https://diutocoinnews.com/2024/02/celsius-initiates-repayment-of-more-than-3-billion-to-creditors/): Celsius Network has declared its emergence from bankruptcy after an eighteen-month process, finalizing its reorganization plan. Celsius has successfully emerged from Chapter 11 bankruptcy in the United States and is preparing to distribute $3 billion worth of cryptocurrency and fiat to creditors.&nbsp; According to a press release dated Jan 31st, 2024. Celsius announced the establishment of Ionic Digital, a Bitcoin mining venture operated by Hut 8 and led by Matt Prusak. Read Also: Celsius Network Moves 59,600 ETH To Centralised Exchanges As It Prepares for Restructuring Celsius said Ionic Digital will “continue to deliver recoveries to creditors,” and its stock is [&hellip;]
- [Airdrop: Qualify for Well3.Com $WELL Token Airdrop by Farming Exp Points.](https://diutocoinnews.com/2024/02/airdrop-qualify-for-well3-com-well-token-airdrop-by-farming-exp-points/): Well3 is a wellness web3 dapp that rewards users for performing daily wellness practices using the opBNB chain. This is the most active project on the opBNB chain by active users. Following the launch of opBNB, the wellness dapp aims to foster activity on the opBNB network with over 600k active users who perform daily wellness activities.&nbsp; What is Required: There is no prior requirement except that you will need an invite code which you can easily get from our DAO community on Telegram.&nbsp; Read Also: Airdrop: Mining $HOT Token Using HERE Wallet, Near Protocol-based Telegram Wallet What is Involved: You [&hellip;]
- [Airdrop: Mining $HOT Token Using HERE Wallet, Near Protocol-based Telegram Wallet](https://diutocoinnews.com/2024/02/airdrop-mining-hot-token-using-here-wallet-near-protocol-based-telegram-wallet/): Near Protocol launched a new web3-based wallet address specifically for the Telegram ecosystem utilizing the Telegram mini app. The .tg is a new type of address on NEAR Blockchain, designed specifically for the Telegram ecosystem The new wallet address format is not a domain. It&#8217;s currently supported by Binance Exchange. Binance is the first exchange to support it. Users can send NEAR, USDT, and USDC directly to your .tg wallet! Read Also: AIRDROP: Free $30 FIO of Binance Gift Card The launch came with the launch of $HOT token mining using the HERE wallet on Telegram. Users can mine $HOT tokens [&hellip;]
- [AIRDROP: Free $30 FIO of Binance Gift Card](https://diutocoinnews.com/2024/02/free-30-fio-of-binance-gift-card/): Get free $30 worth of $FIO through Magic Square by performing a few tasks. You can follow this link to get started. But first, make sure that you qualify for the below tasks. If you didn&#8217;t, you could perform and qualify. Requirements: What is FIO Wallet: FIO wallet is protocol designed to make it easy for the web3 enthusiasts to send and receive crypto using a human readable letters other than the long alphanumeric format.&nbsp; Get Reward: It can take up to 72 hours to be approved and receive your $30 $FIO binance gift card.&nbsp; Join our DAO, chat with other [&hellip;]
- [Backpack Exchange: Bankruptcy lawyer says FTX only plans to fully repay customers and will not restart the exchange](https://diutocoinnews.com/2024/01/backpack-exchange-bankruptcy-lawyer-says-ftx-only-plans-to-fully-repay-customers-and-will-not-restart-the-exchange/): After the exit of FTX, the defunct exchanges&#8217; formal executives launches Backpack Exchange. “The costs and risks of creating a viable exchange from what Mr. Bankman-Fried left in the dumpster were simply too high.”, FTX legal team. FTX, the now-defunct cryptocurrency exchange, clarified in a January 31st hearing at the United States Bankruptcy Court for the District of Delaware that its restructuring plan does not include a relaunch of the company as their priority is to fully repay its customers as there are no investors prepared to provide the required capital for the launch of FTX 2.0. During the hearing, FTX [&hellip;]
- [Solana’s January transaction volume hits a two years Monthly high ](https://diutocoinnews.com/2024/01/solanas-january-transaction-volume-hits-a-two-years-monthly-high/): Transaction volumes on the blockchain have surged notably higher compared to the levels observed throughout 2023 and the majority of 2022. There has been a significant increase in monthly transaction volume on the Solana blockchain in January&nbsp; With two days left until the end of January, The transaction volume of Solana and SPL tokens on the Solana blockchain reached a total of $951.9 billion in January alone. The volumes represent a 30% rise in economic throughput on the network from December&#8217;s volume of $735.8 billion, which was a multi-month high at the time. Read Also: Notcoin: Biggest Memecoin on TON Blockchain. [&hellip;]
- [Naira/USD Nosedives to New Lows, But Central Bank Governor Says it is ‘Undervalued’](https://diutocoinnews.com/2024/01/naira-usd-nosedives-to-new-lows-but-central-bank-governor-says-it-is-undervalued/): Naira has reached an all-time low of #1500 per dollar, but central governor, Olayemi Cardoso, says it is “undervalued”. The Naira experienced a significant decline against the US dollar on the official market on January 29. Currently trading at 1500 per dollar on the black market, the naira has seen a year to date decline about 20%.  Commenting on the development, the central Central Bank Governor Olayemi Cardoso said that the naira is undervalued and efforts are being made to address this issue. The depreciation trend followed from a trend that started from the sacking of the former Central Bank Governor [&hellip;]
- [Protocols distribute over $700M in token airdrops in a week. ](https://diutocoinnews.com/2024/01/protocols-distribute-over-700m-in-token-airdrops-in-a-week/): AltLayer led the pack with a $100 million token airdrop to its initial users. with two other protocols gearing up for even larger distributions in the near future. Cryptocurrency projects are big on incentivization as a way to drive interest towards their brand and the product itself, and airdrops are designed to introduce users to the project and reward them in the process as a dual marketing and reward system. Several projects have done an airdrop since the beginning of 2024. This week alone we have witnessed the distribution of over $700 million to early users and adopters of crypto projects&nbsp; [&hellip;]
- [Regulations; Nigerian analysts urges the SEC to rework its licensing guidelines](https://diutocoinnews.com/2024/01/regulations-nigerian-analysts-urges-the-sec-to-rework-its-licensing-guidelines/): With the licensing requirement in vogue, local exchanges may either have to merge with the others or quit operation entirely. Nigerian crypto analyst Rume Ophi suggests that the Nigerian Securities and Exchange Commission (SEC) should review its crypto licensing requirements, particularly the guidelines for virtual asset services providers (VASPs). This revision would facilitate the issuance of licenses to local cryptocurrency exchanges for operating within the country. Ophi, in an interview, highlighted that the current SEC guidelines for registering VASPs are disadvantageous to local crypto exchanges. He emphasized that indigenous exchanges should have been prioritized during the formulation of these guidelines. To [&hellip;]
- [Regulations: South African Crypto Regulators Will Start Issuing out first Set Of Licenses](https://diutocoinnews.com/2024/01/regulations-south-african-crypto-regulators-will-start-issuing-out-first-set-of-licenses/): Roughly 50 cryptocurrency firms are currently in the process of awaiting approval for their applications. In June 2023, FCSA asked cryptocurrency companies that wish to operate in South Africa to apply for a license from the authority within a six-month period, starting from June 1, 2023. The South African Financial Sector Conduct Authority (FSCA) has now announced it&#8217;s plans to issue licenses to crypto asset service providers (CASPs) within the next few weeks.&nbsp; Around 50 cryptocurrency companies are currently awaiting approval for their applications, as confirmed by Gerhard Van Deventer, the Head of Enforcement at FSCA, in an interview with a [&hellip;]
- [86 Days to Bitcoin Halving. Here is what to expect](https://diutocoinnews.com/2024/01/86-days-to-bitcoin-halving-here-is-what-to-expect/): With just 86 Days left for the 4-year-long event to occur, the question remains– what are the possible outcomes of the halving? Why Bitcoin Halving? Bitcoin halving occurs as part of the protocol’s design and is a key mechanism to control the supply of new Bitcoin entering circulation.  So, how does the Bitcoin halving cycle work? Miners were paid 50 BTC per block when the cryptocurrency was originally established. Early users could be enticed to mine the network in this fashion, even before it was evident how successful it would be. The rate at which new Bitcoin is created decreases by [&hellip;]
- [Traders Speculate On Dogecoin as ‘XPayments’ account gains 100K followers in a day](https://diutocoinnews.com/2024/01/traders-speculate-on-dogecoin-as-xpayments-account-gains-100k-followers-in-a-day/): Although X hasn’t confirmed exactly what payment functions it plans to incorporate, traders seemingly speculate that DOGE could make part of the offering. Dogecoin hit a 7 day high of $0.08978 in a nine-hours window between late Jan. 20 after Elon Musk’s “everything app” X, created a dedicated account for its upcoming payments feature. The account hit 100k followers in a day, mostly crypto enthusiasts who hope crypto might be incorporated into the proposed payment channels. While the ‘XPayments’ account has not made any posts yet, and the specific payment functions it intends to provide remain unconfirmed by X, traders appear [&hellip;]
- [Bitcoin Nose Dives under $39,000 triggering $115M liquidation in 1 hour](https://diutocoinnews.com/2024/01/bitcoin-nose-dives-under-39000-triggering-115m-liquidation-in-1-hour/): Bitcoin’s dip below the $39,000 mark results in significant liquidations totalling approximately $115 million in just an hour. Blood Bath? In the last 24 hours, BTC declined by 4%. It reached a two month low of $38,553 slashing its market cap by around $40 billion to settle at $767 billion.  Analysts have suggested that Bitcoin’s current price trend could persist until the end of the month, partly influenced by the US Treasury’s quarterly refunding announcement. Ethereum, the leading altcoin, also witnessed a 6% drop, reaching  a weekly low of $2,230. The decline in ETH’s price has been variously attributed to substantial [&hellip;]
- [Stablecoins Surpasses Bitcoin As The Preferred Currency For Illicit Transactions](https://diutocoinnews.com/2024/01/stablecoins-surpasses-bitcoin-as-the-preferred-currency-for-illicit-transactions/): A Chananalysis report has revealed that stablecoins have now become the digital currency of choice for illicit activities. Throughout 2021, Bitcoin was the preferred cryptocurrency for cybercriminals, largely because of its high liquidity. However, in the past two years, there has been a shift, and stablecoins now constitute the majority of illicit transaction volume. This change in preference aligns with the overall increase in stablecoin usage in both legitimate and illicit crypto activities. Despite this trend, bitcoin continues to dominate in specific criminal activities, such as darknet market sales and ransomware extortion. The report revealed that although Some forms of illicit [&hellip;]
- [Regulations; Morocco Central Bank Says Crypto Draft Law Is Ready](https://diutocoinnews.com/2024/01/regulations-morocco-central-bank-says-crypto-draft-law-is-ready/): The proposed legislation provides a specific definition for cryptocurrency in the Moroccan context and seeks to protect individuals from the risks associated with crypto trading. The proposed legislation for the regulation of the cryptocurrency market in Morocco is ready and will be presented to key stakeholders in the coming days. This was announced by the Governor of Morocco&#8217;s Central Bank, also known as Bank Al-Maghrib (BAM), on Tuesday. Speaking at a press conference, the bank Governor Abdellatif Jouahiri explained that the Moroccan central bank will soon initiate a series of discussions with various players within the ecosystem prior to implementing the [&hellip;]
- [CoinEx Wallet evolves brand to guide users’ Web3 exploration](https://diutocoinnews.com/2024/01/coinex-wallet-evolves-brand-to-guide-users-web3-exploration/): CoinEx, a leading global cryptocurrency exchange, is excited to unveil a comprehensive brand upgrade for its popular CoinEx Wallet product. The revamped brand identity brings a fresh new look and feel while better capturing the wallet’s vision of empowering users to explore the possibilities of the web3 world. “As pioneers in the cryptocurrency space, we are thrilled to roll out this brand evolution for CoinEx Wallet,” said Haipo Yang, founder and CEO of CoinEx. “The new brand reflects our commitment to guiding users on their journey into the emerging web3 ecosystem.” The new brand concept encapsulates CoinEx Wallet’s vision as a [&hellip;]
- [2023 Crypto Regulation: Highlights of Africa’s Most Significant Crypto Regulations in the last year.](https://diutocoinnews.com/2024/01/2023-crypto-regulation-highlights-of-africas-most-significant-crypto-regulations-in-the-last-year/): The growth of cryptocurrencies in Africa is happening at a very fast pace. On the regulatory and adoption spotlight is South Africa, Nigeria, Ghana and Kenya, and others. Africa has now become a continent of considerable interest in cryptocurrency. In Africa, there is a substantial demand for bitcoin and other cryptocurrencies.This is propelled by its youthful and rapidly expanding populations and the need for a hedge against inflation. Africa’s leading economies like South Africa, Nigeria, Zimbabwe, Kenya, and Ghana are the top five African countries with the most demand for Bitcoin and other digital currencies. Let&#8217;s examine the highlights of the [&hellip;]
- [5 African Projects Receives Over $600,000 In Optimism’s RetroPGF Funding](https://diutocoinnews.com/2024/01/5-african-projects-receives-optimisms-retropgf-funding/): Optimism Foundation released over $100 million in funding for over 501 builders in the Ethereum ecosystem with five of these projects hailing from Africa.t The Optimism Collective deployed a new experimental model for funding web3 projects in 2021. The experimental model widely known as&nbsp; Retroactive Public Good Funding (RetroPGF), is an unique funding model designed to create a self-sustaining cycle within an ecosystem by incentivizing the production of products and services based on public impact and allowing teams to focus on providing more impact instead of worrying about funding. According to the Optimism Collective, “Without public goods funding, core tools and [&hellip;]
- [Egypt prepares to launch a CBDC by 2030](https://diutocoinnews.com/2024/01/egypt-prepares-to-launch-a-cbdc-by-2030/): As per an economic expert from Egypt, a central bank-issued digital currency is considered more secure compared to privately issued cryptocurrencies. According to reports, Egypt is planning to issue a Central Bank Digital Currency (CBDC), known as the electronic pound, by 2030. A research report commissioned by the Egyptian Council of Ministers&#8217; Information and Decision Support Center details the North African country&#8217;s CBDC objectives.&nbsp; The e-pound is expected to boost the competitiveness of Egypt’s national currency and enhance the efficiency of monetary policy. Read Also: Kenya’s Central Bank Says It May Not Be A Strong Priority To Launch A Central Bank [&hellip;]
- [Celsius Network Moves 59,600 ETH To Centralised Exchanges As It Prepares for restructuring](https://diutocoinnews.com/2024/01/celsius-network-moves-59600-eth-to-centralised-exchanges/): Data revealed that the lender had sent $96 million of its ETH holdings to Coinbase and another $30 million worth to FalconX.&nbsp; Celsius Network, a crypto lender facing bankruptcy, has revealed intentions to recall and rebalance its crypto assets. The goal is to get enough liquidity for potential asset distributions following approval of the company&#8217;s restructuring plan by a New York Bankruptcy court. As part of this strategy, Celsius has started working on its plan to reimburse its creditors $2 billion in Bitcoin and Ethereum, along with company stocks of its new creditor-owned BTC mining company. While creditors welcome these steps, [&hellip;]
- [Ogunlesi`s Global Infrastructure Partners Set To Be Acquired by Blackrock For A Staggering $12.5bn](https://diutocoinnews.com/2024/01/ogunlesis-global-infrastructure-partners-set-to-be-acquired-by-blackrock/): The deal, expected to be finalized in Q3 2024, The transaction will involve a combination of cash and equity.&nbsp; BlackRock, the world&#8217;s largest asset management firm, has announced its intention to acquire Global Infrastructure Partners,.founded by Nigerian investment banker Adebayo Ogunlesi, in a deal valued at $12.5 billion. Independent infrastructure investor&nbsp; GIP, a company founded in 2016&nbsp; with a focus on energy, transport, water and waste, and digital sectors. They manages over $100 billion in client assets across infrastructure equity and debt According to a statement released on Friday, BlackRock is set to pay $3 billion in cash and extend an [&hellip;]
- [Price Update: Bitcoin Price Corrects By Nearly 10% Despite ETF Approval.](https://diutocoinnews.com/2024/01/bitcoin-price-corrects-by-nearly-10-despite-etf-approval/): Contrary to certain Post-ETF approval price prediction by analysts, bitcoin price has witnessed slight corrections. What are the possible causes?  The recent approval of the first Bitcoin ETF in the United States has not led to the anticipated price rally.&nbsp; Although the much-anticipated bitcoin ETF approval contributed to a 75% rally during the 90 days leading to the initial trading on Jan. 11, the approval prompted a quick rally to 49,000 followed by a subsequent price correction to $41,480 leading to the liquidation of over $80 million worth of leveraged bitcoin positions The Bitcoin ETF approval was a long-awaited event, and [&hellip;]
- [African Stablecoin Consortium Makes a U-turn On cNGN Launch To Seek Central Bank Approval](https://diutocoinnews.com/2024/01/african-stablecoin-consortium-makes-a-u-turn-on-cngn-launch-to-seek-central-bank-approval/): This comes a few days after there were reports that it will be launching the stablecoin on February 27. A composition of Nigerian fintech startups and banks, early this year, embarked on launching a stablecoin that will be pegged 1:1 with the naira. They had announced approval from the Central Bank of Nigeria to carry on with the project, but they declared on January 9 that it would not proceed with the stablecoin launch as initially planned.  Read Also: Paypal, Visa, Interswitch, Mastercard CEO Recognized Among 2023 CEO. In its latest statement, the ASC said that the CBN is yet to [&hellip;]
- [X, Formerly Twitter Ends Support For NFTs Profile Pictures](https://diutocoinnews.com/2024/01/x-formerly-twitter-ends-support-for-nfts-profile-pictures/): Having supported the feature for two years, the platform has reportedly removed the feature for paid subscribers. The soon-to-be “All in One” social media platform has reportedly ended its support for NFT Profile Photos. This feature was launched by the platform`s previous management in early 2022 for premium subscribers. As a premium subscriber, you could put NFTs minted on Ethereum as profile pictures. These NFT PFPs had hexagonal borders and any user could click or tap on the profile picture to get more information about the token, including details such as the contact address, a collection of the NFT, the TokenID, [&hellip;]
- [Spot Bitcoin ETF Approval: What Is Next For Bitcoin](https://diutocoinnews.com/2024/01/spot-bitcoin-etf-approval-what-is-next-for-bitcoin/): The Securities and Exchange Commission&#8217;s approval of spot Bitcoin ETFs marks a high point for bitcoin and other digital assets.&nbsp; Application for bitcoin spot ETFs has received rejections by the SEC for over 10 years. The first spot Bitcoin ETF application filed in 2013 was rejected and every subsequent ETF proposal was also rejected due to various concerns related to financial stability and market integrity. According to a Jan. 10 regulatory filing, all the 11 ETF proposals have been approved by the SEC. The approved ETFs include the Grayscale Bitcoin Trust, Bitwise Bitcoin ETF, Hashdex Bitcoin ETF, iShares Bitcoin Trust, Valkyrie [&hellip;]
- [Six Bitcoin ETFs to Start Trading Tomorrow&nbsp;](https://diutocoinnews.com/2024/01/six-bitcoin-etfs-to-start-trading-tomorrow/): Following the recent approval of several BITCOIN ETFs, six of these ETFs will open trading tomorrow according to Cboe.&nbsp; Cboe subsequently published several new issue notifications stating that spot Bitcoin ETFs will start trading on the exchange on Jan. 11. &#8220;We are pleased to announce that the exchange-traded product will be listed on Cboe and will begin trading as a new issue on January 11, 2024,&#8221; the notifications stated. According to the Cboe website, the six funds that are planned to start trading tomorrow are ARK 21Shares Bitcoin ETF (ARKB), Fidelity Wise Origin Bitcoin Fund (FBTC), Franklin Bitcoin ETF (EZBC), Invesco [&hellip;]
- [ETF Approval: Controversies As SEC`s X Account Sends Out An ETF Approval Post.](https://diutocoinnews.com/2024/01/controversies-as-secs-x-account-sends-out-an-etf-approval-post/): The Most anticipated event in the whole of crypto arrived earlier than expected, not from an external source, but straight out of the horse&#8217;s mouth. On the 9th of January (a night before the real approval date) a bad actor gained control of the official SEC`s X account and and published an approval post for the very much anticipated bitcoin spot ETFs The Post-Read  “Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection” This Happened a [&hellip;]
- [SEC’s Chair, Gary Gensler Warns Against Investing In Risky Crypto Assets Could This Signal An Approval?](https://diutocoinnews.com/2024/01/gensler-warns-against-investing-in-risky-crypto-assets/): The Sec`s Chair warning coming two days before the approval date for Bitcoin ETFs has made enthusiasts call it an “I&#8217;ll warn you for the last time” kinda post. The application for bitcoin spot ETFs by top institutional fund managers&nbsp; was one of the biggest news to hit the&nbsp; crypto industry since 2022 because a Bitcoin ETF would offer a simpler avenue for traditional institutional investors to access the world’s leading digital asset As many asset managers await the final decision on their spot exchange-traded fund applications, United States Securities and Exchange Commission Chair Gary Gensler through his X account warned [&hellip;]
- [Binance Settles with US Court, Agrees to $2.7B Payment to CFTC.](https://diutocoinnews.com/2023/12/binance-settles-with-us-court-agrees-to-2-7b-payment-to-cftc/): Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action. Zhao and Binance were found guilty of violating the Commodity Exchange Act (CEA) and CFTC regulations.&nbsp; Zhao has imposed a $150 million civil monetary penalty personally against Zhao, and Binance is also required to spew $1.35 billion of ill-gotten transaction fees and pay a $1.35 billion penalty to the CFTC,” wrote the CFTC in a statement.&nbsp; The approved settlement marks the conclusion of a long-running case against CZ and Binance by the CFTC.
- [Financial Institutions In South Africa To Offer Services Related to Cryptocurrencies](https://diutocoinnews.com/2023/12/financial-institutions-in-south-africa-to-offer-services-related-to-cryptocurrencies/): An executive ad Luno had said that about 73 applicants who are seeking a license to offer crypto products in South Africa are already registered as accountable institutions with the Financial Intelligence Centre.&nbsp; According to the Luno executive, this may be an indication that regulated financial institutions are planning to add crypto to their product offerings. Few Non-Licensed Financial Service Providers Have Applied According to Tarris Arnold, the business development manager at the crypto exchange Luno, a majority of the entities that have applied for licenses to offer crypto-related products are financial institutions.  This, according to Arnold, may be an indication [&hellip;]
- [WiCrypt Gets $150,000 Grants in Funding](https://diutocoinnews.com/2023/12/wicrypt-gets-150000-grants-in-funding/): On December 8th, WiCrypt, a decentralized mobile internet sharing and monetization DePIN project in Nigeria, announced that it has received a $150,000 grant from Microsoft.&nbsp; The funding will be used to expand its collaboration on the DePIN development chain. WiCrypt is headed by Aronu, who is also the CEO of Xend Finance. A physical infrastructure network (DEPIN) refers to a network of physical devices or resources distributed across various locations and operated in a decentralized manner. Read Also: Wicrypt, Nigeria Blockchain Internet Sharing Start-up And RiceAfrka Tech Wins $150k Each At Global Pitch Competition In Saudi Arabia. The hotspot devices allow [&hellip;]
- [Regulations: Kenyan Parliament Committee Approves Bill to Widen Definition of Securities Including Crypto](https://diutocoinnews.com/2023/12/regulations-kenyan-parliament-committee-approves-bill-to-widen-definition-of-securities-including-crypto/): A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies.&nbsp; The proposal came after the National Assembly’s Departmental Committee on Finance and National Planning directed the Blockchain Association Of Kenya (BAK)  to prepare the first draft of what could become a “virtual asset service provider’s bill.”  The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain from the sale of their crypto assets. The Bill is only two Readings away from Presidential Assent According to a [&hellip;]
- [Bitcoin Crosses $41,000 For the First Time Since April 2022. ](https://diutocoinnews.com/2023/12/bitcoin-crosses-41000-for-the-first-time-since-april-2022/): The world&#8217;s largest digital currency by market capitalization has crossed $41,000 since April 2022, signalling another era of market uptrend for the cryptocurrency market.  The second-largest cryptocurrency by market capitalization also saw another incredible price in 2023. Ethereum has over 17% market share of the whole crypto market capitalization, seating at a $269b market cap.&nbsp; Bitcoin has over 52% of the crypto market capitalization sitting at over $805b in market capitalization. Some possible triggers are causing the recent uptrend. Read Also: $126 million in Bitcoin longs liquidated As Bitcoin Price Slips Below $35k These triggers include;&nbsp; The recent decrease in the [&hellip;]
- [Notcoin: Biggest Memecoin on TON Blockchain. Don’t Miss Notcoin Airdrop](https://diutocoinnews.com/2023/11/notcoin-airdrop-on-ton-blockchain/): Notcoin is a telegram mini-app web3 gaming platform on the TON blockchain with over 300,000 users onboarded in 2 weeks. Notcoin rewards free notcoin to telegram users for clicks and performing simple tasks on the notcoin telegram bot via the mini-app on telegram and the TON blockchain.&nbsp; Read Also: Animoca Invests in TON Blockchain There are 5 simple tasks users can perform to earn over 200,000 Notcoin which will be used to reward users when the Notcoin airdrop comes. These tasks include;&nbsp; Users can boost their earnings by buying boosters with their available rewards. Participate in Notcoin by signing up here [&hellip;]
- [Animoca Invests in TON Blockchain&nbsp;](https://diutocoinnews.com/2023/11/animoca-invests-in-ton-blockchain/): Web3 investment firm Animoca Brands is set to become the largest validator on The Open Network (TON) blockchain, and it plans to deliver blockchain-based games to messaging application Telegram’s 800 million users. According to its announcement shared on its website, Animoca outlined how the partnership will involve funding, research and an analytics platform for third-party TON ecosystem apps/ the telegram mini apps. Read Also: TON: TON Integrates @wallet on Telegram to Send and Receive Crypto In-App. The value of Animoca’s investment was not disclosed by publication. However, part of the investment is understood to have been made directly into Toncoin, which [&hellip;]
- [Nigeria Crypto Influencers Fight On X Over Status](https://diutocoinnews.com/2023/11/nigeria-crypto-influencers-fight-on-x-over-status/): A war of who is the greatest, who owns the most crypto, and who onboarded formerly broke peasants and made them crypto Gurus. “I am their father’s Father,” one of them said. The Fight Major Nigerian crypto Influencers have taken to X to drag their colleagues over their status in the crypto industry. The scuffle was mainly between Bitcoin Chief founder of Tatcoin, and Chris Ani founder of Daba School. Spaces lasting hours were hosted on the subject matter. Some influencers went as far as calling the other “Expired influencers” while the rest have gone out of their way to dig [&hellip;]
- [CoinEx: Why Avalanche (AVAX) Token is a Blockchain-based Profitable Digital Asset?](https://diutocoinnews.com/2023/11/how-to-trade-avax-token-coin-on-coinex/): The Avalanche (AVAX) token is the native currency of the Avalanche blockchain network. Ever since it was launched, Avalanche (AVAX) token has garnered a lot of attention due to its unique features, including high transaction speeds and low fees. Investors and traders are eager to know why the AVAX token is a blockchain-based profitable digital asset. Introduction A new era of asset management marked by the rise of cryptocurrencies has been ushered in by blockchain technology. The blockchain technology that underpins cryptocurrencies eliminates the need for middlemen, lowering costs and accelerating transactions. One of the newest players in the cryptocurrency market [&hellip;]
- [Poloniex Crypto Exchange Prepares To Resume Withdrawal After $100Million Hack.](https://diutocoinnews.com/2023/11/poloniex-crypto-exchange-to-resume-withdrawal-after-100million-hack/): After suffering a major loss on Nov. 10, Justin Sun’s Hacked cryptocurrency exchange Poloniex has engaged a &#8216;top-tier&#8217; security firm to bolster its security. Justin Sun&#8217;s cryptocurrency exchange, Poloniex, is gearing up to recommence its operations following a significant hack in November, as per an official announcement posted on November 15. According to the statement, the platform has almost finished the restructuring process to prevent further reoccurrence. “The platform is now operating smoothly,” Poloniex said in its most recent update on the resumption of deposit and withdrawal services. The exchange has engaged the services of a top-tier security auditing firm to [&hellip;]
- [$126 million in Bitcoin longs liquidated As Bitcoin Price Slips Below $35k](https://diutocoinnews.com/2023/11/126-million-in-bitcoin-longs-liquidated/): The huge liquidation is accompanied by a sharp drop in liquidity and trading volumes. Although traditional financial markets responded favorably to the lower-than-expected inflation data, showing a 3.2% yearly increase in the United States, the bullish momentum that had driven Bitcoin to impressive 30-day gains of 31.8% was losing steam on November 14.&nbsp; Despite the flat month-over-month inflation figures, Bitcoin&#8217;s price seemed overheated, leading to the liquidation of nearly $100 million within an hour. Liquidated Bitcoin Longs The sharp decline in Bitcoin prices can be attributed mainly to a significant shift in the Bitcoin futures market.&nbsp; As a result, Over $97.9 [&hellip;]
- [Bitcoin Miners Offload Bitcoins as hash Price skyrockets](https://diutocoinnews.com/2023/11/bitcoin-miners-offload-bitcoins-hash-price-skyrockets/): Block rewards generated from fees alone reached a six-month high of 27%. However, over 5,000 Bitcoins have been offloaded by miners since the rally to $37k. Mining Rewards Hit Six Months High The recent bitcoin rally to $37k has not only done good to the price of bitcoin but has also resulted in an increase in price for bitcoin miners. Data according to the hash rate Index shows that the hash price exploded to $94.55 per PetaHashes per day (PH/Day), the highest in six months, representing an increase of 27% WoW. Hashprice is a Bitcoin mining metric that represents the miner’s [&hellip;]
- [Top 3 Uncommon Ways to Predict Crypto Prices](https://diutocoinnews.com/2023/11/the-top-3-uncommon-ways-to-predict-crypto-prices/): Predicting the price of crypto isn&#8217;t a new thing. Researchers and traders have always predicted the price of cryptocurrencies whether it was successful or not. These predictions have aided most successful traders to earn a fortune. Not all participants in the crypto community use classic tools to analyze the market—many resort to rather unconventional ways.&nbsp; We are talking about Fundamentalists who believe so much in history and facts when predicting the market direction over a said period or before an event happens. Read Also: Bitcoin’s Market Capitalization Flips Tesla’s Market Capitalization Today, let’s talk about the three uncommon methods Astrology Some [&hellip;]
- [Bitcoin's Market Capitalization Flips Tesla's Market Capitalization](https://diutocoinnews.com/2023/11/bitcoins-market-capitalization-flips-teslas-market/): As Bitcoin continues to show strength, current market data has shown that it has not only flipped the market cap of the EVM manufacturers but that of many popular traditional sector stocks.&nbsp; The Bitcoin Rally Bitcoin in the early hours of Nov. 9 rallied up to $37k adding $28 billion to its market cap. Bitcoin now occupies the 11th spot among the world’s largest assets by market cap. It now surpasses a few popular conventional stocks in terms of market capitalization, indicating a potentially significant shift in the financial market. Bitcoin Flips Marketcaps According to data from coinmarketcap bitcoin currently sits [&hellip;]
- [Arbitrum Community Members Accept Initial Vote On Token Staking](https://diutocoinnews.com/2023/11/arbitrum-community-accept-initial-vote-on-token-staking/): The framework of the $ARB token staking will no longer involve token minting; it will now be funded by the treasury. A final vote will be conducted to cement things further. Arbitrum&#8217;s community members have given their approval for an initial governance vote to a token proposal that will introduce staking for ARB token holders. Token holders will now be able to stake their ARB tokens for yield.&nbsp; The yield will be distributed from the Arbitrum treasury in 12 months through the use of a smart contract, as outlined in the PlutusDAO proposal. Read Also: Ethereum Co-founders are 1000x Bigger Fraudsters [&hellip;]
- [Kenyan Lawmakers Move to Introduce Crypto Regulations](https://diutocoinnews.com/2023/11/kenyan-lawmakers-to-introduce-crypto-regulations/): Kenya will become the first country to introduce a crypto bill spearheaded by industry experts in East Africa. Legislators Move To Regulate Crypto The National Assembly’s Departmental Committee on Finance and National Planning has directed the Blockchain Association Of Kenya (BAK)&nbsp; to prepare the first draft of what could become a “virtual asset service provider’s bill.”&nbsp; The legislative body summoned BAK representatives on Oct. 31 to discuss drafting a bill to regulate digital assets. The association announced the development via their x account on November 6.  What Inspired the Move? In September 2023, Kenya passed a&nbsp; financial Act that introduced a [&hellip;]
- [Ethereum Co-founders are 1000x Bigger Fraudsters Than SBF, Ethereum Insider Alleges](https://diutocoinnews.com/2023/11/ethereum-cofounders-bigger-fraudsters-than-ftx-sbf/): An Ethereum insider, Steven Neraoff, has alleged that the fraud and corruption practised by ETH co-founders supersedes that of the infamous FTX founder. Insider Drops a Bombshell Steven Nerayoff, an Attorney and an early advisor for Ethereum recently made a bold allegation against his former teammates Vitalik Buterin and Joseph Lubin.&nbsp; In his post published on X, he alleged that they both (ethereum-founders) have committed much more fraud than the recently convicted FTX founder Sam Bankman Fried. “Ethereum is the fraudulent elephant in the room in plain sight 1000x bigger than SBF,” Nerayoff stated.&nbsp; Remember,&nbsp; the FTX case, in the headlines [&hellip;]
- [Top 10 Crypto Companies That Have Survived for Over a Decade.](https://diutocoinnews.com/2023/11/top-10-crypto-companies-that-survived-for-over-a-decade/): It&#8217;s been 15 years since Satoshi Nakamoto launched Bitcoin. On January 3, 2024, the network will celebrate a decade and a half of endless activity. Though many companies folded in 2023, several of the earliest players remain in the game.&nbsp; We will discuss the overview of the first crypto companies still in operation, from when they started and details of their business activities and longevity in the game. While many other companies have folded and of recent 3AC etc, a selected few of these firms have surpassed a decade of operation, passing through the bull and bear of every season, enough [&hellip;]
- [Tapping into CoinEx Crypto Loans: A successful alternative to traditional banking](https://diutocoinnews.com/2023/11/cryptoloan-alternative-to-traditional-loan/): CoinEx Crypto Loans Overview As the cryptocurrency market continues to grow and evolve, more financial services are becoming available that cater to the needs of cryptocurrency users. One such service is CoinEx crypto loans, a financial service that allows users to borrow other cryptocurrencies using their existing cryptocurrency holdings as collateral. This service is becoming increasingly popular as an alternative to traditional banking, offering a range of benefits such as diverse collateral selection, higher loan-to-value ratios, and flexible repayment methods. For anyone looking to access funds quickly, traditional banking can be a time-consuming and often frustrating process. With CoinEx crypto loans, [&hellip;]
- [REGULATION: New UK Crypto Law You Should Know When Traveling From Nigeria.&nbsp;](https://diutocoinnews.com/2023/11/new-uk-crypto-law-regulation/): Crypto Companies Offer Customers a 24-hour &#8220;cooling-off period&#8221; and revised changes in the way digital assets can be promoted and marketed. New investors will have to wait a full day before they can complete their transaction. The government estimates up to one out of every 10 UK adults now owns some form of crypto. Bosses of companies that fail to comply could face up to two years imprisonment, a fine, or both. &#8220;Refer a friend&#8221; adverts will be banned, while others must be &#8220;clear, fair and not misleading. The rules, which took effect on 8 October, will apply to crypto assets [&hellip;]
- [El-Savador's Bitcoin Investment is Still Underwater Despite Recent Bitcoin Rally&nbsp;](https://diutocoinnews.com/2023/11/elsalvador-bitcoin-investment-rally/): The pro-bitcoin country has over $15 million in unrealized loss despite bitcoin’s rally to a yearly high of $36000 on November 2nd. On September 7 2021, El Salvador became the first country to make bitcoin legal tender. It passed a law that required all businesses to accept the cryptocurrency. In an attempt to popularise and regularise its use, the government created a special&nbsp; app for free bitcoin transactions and gave citizens financial incentives to download the app. The Government of EL-Salvador further proceeded to buy and hold bitcoin. They currently hold a total of 3080 bitcoins worth over 109 million at [&hellip;]
- [CoinEx CEO Vows to Protect User Assets and Enhance Security Post-Hack](https://diutocoinnews.com/2023/10/coinex-ceo-vows-to-protect-user-assets-and-enhance-security/): CoinEx CEO has vowed to stay committed to serving its users&#8217; interests, innovate and grow the crypto industry protecting users&#8217; assets and interests first.&nbsp; This came in time after a major hack incident compromising platform funds at CoinEx. Yang&#8217;s message offers insights into CoinEx&#8217;s response, and commitment to maintaining user trust through refunds and security system upgrades driving crypto forward despite challenges.  CoinEx Extensively Upgraded Its Security Infrastructure A Closer Look at CoinEx’s Strategic Roadmap to revamp security says a lot about its commitment to ensuring that the users&#8217; trust and priorities are met, to ensure smooth user experience and product [&hellip;]
- [New Holders Emerge For PYUSD as its supply skyrockets by 49%](https://diutocoinnews.com/2023/10/pyusd-holders-and-supply-skyrockets/): $PYUSD holders have risen by a whopping 55% in October 2023. But 99.95% of its current supply is held by its top 100 holders. Paypal’s Stablecoin Users Grow $PYUSD, Paypal’s stablecoin has witnessed a huge growth in its ecosystem in the the number of unique addresses and transactions.&nbsp; The number of unique addresses that held $PYUSD as of September 30 2023 stood at 924 wallets. While the total number of transactions stood at 180 since its launch. Today, the number of unique addresses holding the stablecoin stands at 1,471 while the total number of transactions stands at 8,4541 at the time [&hellip;]
- [‘Crypto Aid Israel’ A Web3 Non-Profit Organisation, Has Raised Almost $200,000](https://diutocoinnews.com/2023/10/crypto-aid-israel-hamas/): Since the start of the non-profit organisation, over 30 web3 companies have joined to lend their support to the victims of the Hamas attack.&nbsp;&nbsp; Influential Members of the Israeli web3 came together to form a non-profit organisation to raise help for the victims of the attack that happened on October 7. The organisation has since then received almost $200,000 from various web3 companies. They made this known via their X handle. Some projects that have joined the movement include crypto wallet providers Zengo, Fise, Wonderland and Psagot Equity. The team lead of Crypto Aid Israel, Tim Freed, in response to the [&hellip;]
- [Polygon Introduces POL Token Contract on Ethereum with Plans to Phase Out MATIC](https://diutocoinnews.com/2023/10/polygon-introduces-pol-token/): The Twitter post highlights that POL is not currently being used for any systems in the Polygon network.&nbsp; Staking on both Polygon PoS and Polygon zkEVM is still being performed via the old token, MATIC, and gas fees on the PoS network are still being paid for with MATIC. Users, validators, and developers do not need to exchange their MATIC for POL at present. The blockchain data of the new token was created on October 25 at 09:06 a.m. UTC. Its full name is the “Polygon Ecosystem Token.”&nbsp; Read More: OKX Wallet Enables BRC-20 Trading on its Ordinals Marketplace, Launches Bitcoin [&hellip;]
- [REPORT: Nigeria’s Crypto Economy Continues to Grow Despite Economic Turmoil ](https://diutocoinnews.com/2023/10/nigeria-crypto-economy/): Nigeria remains the largest crypto economy in Africa despite the current economic situation in the country. But why are they so interested in this industry?&nbsp; Crypto Continues To Grow In Nigeria Statistics show that even more Nigerians are now embracing the digital economy. A report from chainanalysis has shown that Nigeria’s crypto-economy has been on steady growth since 2021. The report shows that Nigeria’s cryptocurrency usage remains the highest in Africa and it’s amongst the most developed in the world as a whole, with a year-on-year growth of 9%.&nbsp; Nigeria is amongst the top 6 countries in the world where interest [&hellip;]
- [Top 3 Crypto Portfolio Trackers in 2023](https://diutocoinnews.com/2023/10/crypto-portfolio-tracker/): With over 20,000 cryptocurrencies now available on the markets, it may be difficult to track all the crypto you hold. Crypto portfolio tracker makes it easy What Is a Crypto Portfolio Tracker A Crypto portfolio tracker gives you a bird&#8217;s eye view of your income, capital gains, and losses.&nbsp;&nbsp; It is a platform that enables you to keep track of all the crypto you hold so you can track how your portfolio is performing in a single glance Most cryptocurrency portfolio trackers connect with crypto wallets, which enable individuals to control their digital currencies. Some also integrate with actual crypto exchange [&hellip;]
- [Report: Not-a-Bot—Musk Will Now Charge You an Annual Fee to Use X, Could it be in Dogecoin?](https://diutocoinnews.com/2023/10/pay-dogecoin-to-use-x/): X, formerly Twitter, is testing a 'Not-a-Bot' program aimed at combating bot infiltration. New users will need to pay a $1 annual fee to post content and access other features, which would increase the cost involved in running bots. The program also aims to limit the spam and manipulative activity, with potential payments for the subscription via Dogecoin. Non-subscribers will only be provided with read-only access to the platform. The program is currently being tested in New Zealand and the Philippines. 
- [Report: Africa-Focused Crypto Trading App Closes Operation — Co-Founder Says Only Nigerian Users Impacted.](https://diutocoinnews.com/2023/10/vibra-shuts-down-operations/): The Africa-focused crypto trading app Vibra has reportedly closed operations in Ghana, Kenya, and Nigeria. This goes contrary to reports that the app is not working for only Nigeria as claimed by the co-founder. Controversy Between Employees. Vincent Li, the co-founder of African Blockchain Labs — the organization behind the app — maintained that however the measure only affected users in Nigeria. He also explained that the move was temporary. However, a report from Techcabal quotes current and former employees who have confirmed the app’s stoppage in all African markets. The employees, who have chosen to remain anonymous, also said that [&hellip;]
- [DCC Urges the Nigeria Government to Regulate its Crypto Industry ](https://diutocoinnews.com/2023/10/dcc-urges-nigeria-to-regulate-crypto/): The Digital Currency Coalition (DCC), a consortium of crypto asset practitioners, blockchain innovators, and founders, has urged the federal government to come up with a comprehensive policy and regulatory framework for the crypto ecosystem in Nigeria. The Coalition explained how crucial it is to address concerns like financial stability, market integrity, and investor protection, among other risks related to crypto assets. They also highlighted their readiness to collaborate with the government in this regard, explaining that the regulation of the industry would bolster the country’s economy and help the country fight financial crimes in many ways including addressing the issue of [&hellip;]
- [Price Action: $XRP Jumps Over 6% As SEC Moves To Dismiss Charges Against Ripple Executives. ](https://diutocoinnews.com/2023/10/sec-to-dismiss-charges-against-ripple/): US securities and exchange commission has moved to dismiss it’s two year long civil suit against Ripple executives. While many see it as good news, it could also be a strategy. Lawsuit Dismissed Lawyers representing the United States Securities and Exchange Commission (SEC) have disclosed their intent to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen.&nbsp; In a filing made on October 19 in the U.S. District Court for the Southern District of New York, the SEC informed the court that the parties involved in their case against Ripple “have mutually agreed to the dismissal with [&hellip;]
- [REGULATION: IMF Director Champions Digitalization for Financial Inclusion in Africa](https://diutocoinnews.com/2023/10/imf-champions-digitalzation-in-africa/): IMF managing director Kristalina Georgieva says digitalization is “the most important way” to rank up financial inclusion. During her opening address at the IMF&#8217;s financial inclusion seminar in Marrakesh, IMF Managing Director Kristalina Georgieva emphasised digitalization as &#8220;the key driver&#8221; for expanding financial inclusion.&nbsp; Read More: Kenya’s President Says Africa Needs Financial Power Says IMF, World Bank Are Prisoners To Rich Nations. “It is digital that moves help to people, investment and ability of the economy to accelerate,”&nbsp; Georgieva said, citing digital cash transfers in the African nation of Togo put in place during the COVID-19 pandemic.&nbsp; She called for comprehensive [&hellip;]
- [Bitcoin ETF Approval confirmed As a Rumour. What is Next for Bitcoin?](https://diutocoinnews.com/2023/10/bitcoin-etf-approve-rumour/): BTC reached a 30k high for the first time in more than one month. But the euphoria was short-lived as what bitcoin bulls thought was their magic wand, turned out to be just a stick. ETF Approval Bitcoin spot ETFs have been eagerly awaited by the cryptocurrency market, with BlackRock leading the charge. BlackRock&#8217;s application for a Bitcoin spot ETF was submitted on August 26, 2021, and since then, a multitude of other asset managers have followed suit, queuing up behind BlackRock in anticipation of regulatory approval from the U.S. Securities and Exchange Commission (SEC).&nbsp; The cryptocurrency community and investors have [&hellip;]
- [Wema Bank Invites Entries for FGN/ALAT Youth &amp; MSME Digital Skillnovation Program](https://diutocoinnews.com/2023/10/wema-bank-skillnovation-program/): Wema Bank, a pioneer of Africa’s fully digital bank ALAT in partnership with the Federal Government of Nigeria, has announced the call for entry in the FGN/ALAT Digital Skillnovation Programme for Youth and MSMEs.&nbsp; The program aims to train 2,000,000 Nigerian youth and 1,000,000 Micro, Small, and Medium Enterprises (MSMEs) across the nation, the FGN/ALAT Digital Skillnovation Programme launched officially on September 29th, 2023.&nbsp; Participants will embark on a structured curriculum covering various essential digital skills including; Software engineering, product management, business analysis, cloud computing, and product design. Wema Bank’s Executive Director of Retail and Digital Business, Tunde Mabawonku, said, &#8220;The [&hellip;]
- [CoinEx Rebounds Stronger After the $70m Hack.](https://diutocoinnews.com/2023/10/coinex-rebounds-after-hack/): In response to a recent security breach, cryptocurrency exchange CoinEx introduced a new wallet system and pledged a stronger commitment to security after hack. The breach, which took place on September 12, was linked to compromised hot wallet private keys. CoinEx ensured a 100% full compensation of affected users' funds and resumed withdrawals within nine days. Additionally, the exchange set up CoinEx Risk-Prevention Funds and enhanced communication with its users. The response has been positively received, with industry peers considering a similar approach in solving such incidents.
- [Naira Weakens by 1.3% Against USDT Today](https://diutocoinnews.com/2023/10/naira-usdt-rate-06-10/): Friday, October 6, 2023 &#8211; Naira – USDT Rate Today. Updated Rates on NGN – USDT and Other Top Cryptocurrencies on DiutoCoinNews All quotations are provided in Naira. Whether you&#8217;re interested in Bitcoin, Ethereum, or other virtual currencies, you can easily find their average rates, market values, and 24-hour trading volumes, thanks to Binance and OKX P2P rates. Bitcoin (BTC): The current BTC to NGN conversion rate stands at Buy: NGN 27,441,548.85 and Sell: NGN 26,460,001.00. This rate has seen a modest increase of 0.02% over the past 24 hours. Ethereum (ETH): For Ethereum enthusiasts, the ETH to NGN conversion rate [&hellip;]
- [Introducing StarsArena, the Next SocialFi Platform in Web3.](https://diutocoinnews.com/2023/10/starsarena-socialfi/): Looking to explore the new era of social media? Here it is, StarsArena, the revolutionary sensational web3 social media platform designed to cater for the unique needs of crypto users.&nbsp; What is StarsArena? StarsArena is a revolutionary social media platform inspired by Twitter while incorporating a range of distinctive features specifically tailored for crypto enthusiasts.&nbsp; StarsArena was created by a developer known as theBuilder, who goes by the handle @hannesxda. If you&#8217;re eager to join the StarsArena community, you can sign up with ease. Read Also: Top 5 SocialFi projects to earn as a creator in 2022 Features of StarsArena:&nbsp;&nbsp; StarsArena [&hellip;]
- [Nigeria announces plans to develop an indigenous blockchain network named Nigerium](https://diutocoinnews.com/2024/09/nigeria-plans-to-develop-an-indigenous-blockchain-network-named-nigerium/): NITDA, National Information Technology Development Agency, has declared the intentions of the Nigerian government to create a blockchain branded “Nigerium.” These intentions are mostly fueled by the belief that foreign-made blockchains do not necessarily have the interest of Nigeria at heart.  The Idea Behind Nigerium The government&#8217;s interest in developing the Nigerium was sparked after a presentation by a delegation from the University of Hertfordshire Law School, led by Chanu Kuppuswamy. In his presentation, Chanu asserted that the creation of the Nigerium, which would be a homegrown blockchain for Nigeria, would facilitate the alignment of the technology according to the country&#8217;s [&hellip;]
- [Vedoo Unveils Phase 1: The Debut of V-Coin App](https://diutocoinnews.com/2024/09/vedoo-unveils-phase-1-of-v-coin-app/): Vedoo is an innovative platform designed to uniquely merge social interactions with  financial incentives, has achieved a significant milestone with the release of its first application, the V-Coin App.&nbsp; Vedoo aims to fundamentally transform how people communicate online by integrating video chats with blockchain technology and incentivize active usage with cryptocurrency via V-Coin. The V-Coin Incentive The V-Coin App marks the first step in this ambitious project, enabling the community to actively generate V-Coins and explore the potential of the crypto world. The integration of TON Blockchain in its first app allows for faster transactions, reduced fees, and enhanced scalability, fostering [&hellip;]
- [Central Bank of Ghana Cuts Interest Rate by 200 Base Points ](https://diutocoinnews.com/2024/09/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 as inflation continues to ease, as announced by Ernest Addison, Governor of the Bank of Ghana—BoG, the country’s central bank, during a press conference in Accra. The apex bank’s confidence in lowering the interest rate comes from the fact that inflation has been steadily declining for five consecutive months, falling from 25.8% in March to 20.4% in August. With a target of 13% to 17% by the end of the year, Governor Addison stated that inflation is expected to keep falling. Provided no major disruptive events [&hellip;]
- [Morocco Turns to AI, Distributed Ledger Technology to Achieve the Digital 2030 Strategy Goal ](https://diutocoinnews.com/2024/09/morocco-turns-to-ai-distributed-ledger-technology-to-achieve-digital-2030-strategy-goal/): Morocco finally unveiled its “Digital 2030” strategy on the 25th of September. The strategy was set up to make Morocco the digital hub of Northern Africa with a $1.1B funding. The goal is to explore and utilize the prevalent revolutionary technologies like artificial intelligence (AI), Distributed Ledger Technology (DLT), and cloud services, hence, sustaining a healthy environment for innovative startups.&nbsp; Goals of the Digital 2030 Strategy&nbsp; Morocco&#8217;s Digital 2030 strategy strives to generate about 240,000 jobs in the digital sector by 2030, which arguably adds about 100B dirhams (around $10.36B) to Morocco’s gross domestic product (GDP). This would be a good [&hellip;]
- [Full List: Top TON Wallets and Telegram Mini-app Games that Can Pay Real Money ](https://diutocoinnews.com/2024/09/full-list-top-ton-wallets-and-telegram-mini-app-games-that-pay-real-money/): Telegram Wallets for TON to USDT purchase is one of the needed tools for starting a Telegram game that pays real money in your hunt for the right games. Playing a telegram game that you can earn money from is more important than just playing any Telegram game. The latest telegram games that can pay real money can be hard to find in a world where there are many Telegram games, both non-paying and paying games. This article will share the games that you can play and earn and also where to see and track them anytime. Top TON Wallets&nbsp; Telegram [&hellip;]
- [$2.1B Lost to Cryptocurrency Hacks in 2024](https://diutocoinnews.com/2024/09/2-1b-lost-to-cryptocurrency-hacks-2024/): The cryptocurrency space has long been vulnerable to hacks and scams, but in 2024, losses in just the first three quarters have already surpassed the total for all of 2023. So far, $2.1B has been lost, marking 2024 as the year with the highest recorded losses to date. According to the Web3 cybersecurity company Cyvers, these occurrences highlight the need for stronger regulations and better security measures to mitigate rising threats, such as vulnerabilities from quantum computing and AI-driven attacks. Centralized finance (CeFi) platforms were hit particularly hard, with much of the impact coming from five significant attacks in the second [&hellip;]
- [The Latest Meme Coin Fair Launchpad on BSC Launches with a New Presale Model](https://diutocoinnews.com/2024/09/latest-meme-coin-fair-launchpad-on-bsc-launches-with-a-new-presale-model/): Gra.fun, the latest Meme coin fair launch platform on BSC—Binance Smart Chain, launched a few hours ago with a new presale model shifting from the classic meme coin fair launch bonding curve. Following our previous article on different types of meme coin launch platforms, we are again bringing the latest addition and the hottest one today. Gra.fun launchpad. How to use Gra.Fun meme coin launchpad Two Methods of Launching Meme Coins on Gra.fun. The Meme coin fair launchpad of Gra.fun has two types of launching methods. The classic bonding curve type and fair bonding curve model.  The Classic Bonding Curve model: [&hellip;]
- [Nigerian remote workers prefer to be paid in stablecoins ](https://diutocoinnews.com/2024/09/nigerian-remote-workers-prefer-paid-in-stablecoins/): Nigeria has consistently ranked high in global cryptocurrency adoption. A recent Chainalysis report confirms that Nigeria follows closely behind India, which leads to global crypto adoption. Nigerians increasingly prioritize USDT stablecoins over being paid in the local fiat currencies to hedge against economic instability. Tether&#8217;s USDT has gained significant traction within the Nigerian crypto community. A hedge against inflation Amid concerns over the depreciation of the Naira and the need to protect their income from inflation, a notable trend has emerged: many Nigerian workers now prefer to receive their salaries in stablecoins rather than in Naira.  While the Central Bank of [&hellip;]
- [Ethena Labs launches new UStb stablecoin backed by BlackRock's BUIDL](https://diutocoinnews.com/2024/09/ethena-labs-ustb-stablecoin-backed-by-blackrocks-buidl/): On Thursday, the 26th, Ethena Labs, developer of the decentralized stablecoin protocol Ethena, revealed that it has released a new stablecoin product, UStb which will be fully backed by BlackRock&#8217;s USD Institutional Digital Liquidity Fund (BUIDL). The UStb would function similarly to the conventional stablecoin. Taking to X (formerly Twitter) to announce this new development, Ethena Labs expressed that UStb’s value is tied to a very secure and established financial asset as it is being backed by asset management firm BlackRock and Securitize&#8217;s BUIDL tokenized fund. The post read, “We are excited to announce Ethena&#8217;s newest product offering: UStb” “UStb will [&hellip;]
- [Full Guide to Meme Coin Fair Launch on SUI: Get Started as Memes Skyrocket on the SUI Blockchain.](https://diutocoinnews.com/2024/09/full-guide-to-meme-coin-fair-launch-on-sui/): Recently, the meme hype on the SUI blockchain took a new dive as many new meme coins launched, amassing over 500% in price increase and even more. While the meme frenzy on sui blockchain grows, there are still some difficulties as to how well to navigate the syi blockchain ecosystem. We will be looking at how to use sui wallets, how to use sui blockchain to buy sui memes, and how to bridge tokens to the sui blockchain network.&nbsp; The gas token of the SUI blockchain is paid in SUI, but practically, it&#8217;s a fraction of SUI, which is called MIST. [&hellip;]
- [CoinEx Empowers CET Token with Innovative Products and Ecosystem Growth](https://diutocoinnews.com/2024/09/coinex-cet-token-innovative-products/): CoinEx, a top global cryptocurrency exchange, shared big improvements for its platform token, CoinEx Token (CET). This initiative has introduced new products like CoinEx Dock, Mining, and Staking to keep pushing innovation and better engaging users, all of which are aimed at boosting the value of CET within the CoinEx ecosystem. Introduction of CoinEx Dock, Mining, and Staking Having introduced CoinEx Dock, an innovative product designed to assist early-stage blockchain projects with fundraising and promotion, CoinEx Dock provides comprehensive support and resources to help projects gain traction and reach a broader audience. CoinEx announced the launch of its staking service to [&hellip;]
- [Base Chain to Reward 25 ETH to Base Africa Buildathon Winners](https://diutocoinnews.com/2024/09/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 the growth of the base chain network.&nbsp; Following the buildathons, Jesse Pollak and the Base team will meet in person with builders in Nairobi, Bangalore, Bangkok, Singapore, and Manila, and virtually in Buenos Aires. Dates for each event will be announced soon. Join our community to know when the date is announced.&nbsp; Base is focusing on these regions for two main reasons: Increased enthusiasm: There is a growing on-chain use case and talented builders who are solving hard problems. Base Chain is looking to connect, find [&hellip;]
- [Polymarket Discusses $50M Funding, Potential Token Launch](https://diutocoinnews.com/2024/09/polymarket-50m-funding-potential-token-launch/): The leading blockchain-based predictions market platform Polymarket is reportedly considering raising $50M in fresh funding and a potential token launch. According to the report, the investors will be given a token warrant in this round, entitling them with the right to purchase tokens in case Polymarket decides to launch one. The latest funding comes in hot following the massive success recorded in the recent months on the Polymarket platform. Earlier before now, the top on-chain predictions platform secured $25M in a Series A round led by General Catalyst. Later, it secured an additional $45M in a Series B funding round, in [&hellip;]
- [PBOC to Release $140B Stimulus Package into Circulation ](https://diutocoinnews.com/2024/09/pboc-to-release-140b-stimulus-package/): The People&#8217;s Bank of China, China&#8217;s central bank, has introduced a stimulus package geared towards enhancing the economy despite ongoing deflation and weakening growth in the country. The stimulus involves: Notwithstanding, analysts and experts have warned that this approach, while providing monetary stimulus, may not be enough to restore growth without the involvement of fiscal policy to boost demand and bolster economic activities. Read Also: Token2049: Binance CEO affirms commitment in ensuring the release of Gambaryan. Key components of the stimulus package include: RRR cuts: The PBOC is set to release 1 trillion yuan into circulation by decreasing the reserve requirement [&hellip;]
- [CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks](https://diutocoinnews.com/2024/09/cbn-to-launch-enaira-version-2-0/): Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, the Central Bank of Nigeria (CBN) intends to bolster the use of its digital currency, the eNaira. Reasons for the Need to Expand Launched in 2021, the eNaira, Nigeria’s Central Bank Digital Currency, was brought in to drive financial inclusion and foster the cashless policy of the CBN. Now being 2024, the CBN is gunning for an expansion of the use of the eNaira to facilitate payments into government accounts and allow Ministries, Departments, and Agencies (MDAs) to initiate vendor and beneficiary payments. According [&hellip;]
- [CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.](https://diutocoinnews.com/2024/09/cbn-raises-interest-rate-by-50bps-student-loan-borrowers/): The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points on Tuesday, bringing the benchmark interest rate to 27.25%. This marks the fifth consecutive rate hike this year. Following a two-day Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor Olayemi Cardoso announced the decision by the 11 committee members to increase the rate. The move aims to further curb inflationary pressures despite signs of moderating inflation. Read Also: Top Crypto Skills to Make Money as a Student In addition to the MPR hike, the CBN also raised the Cash Reserve Ratio (CRR) for commercial [&hellip;]
- [South Africa is the most friendly crypto country in Africa compared to Nigeria.](https://diutocoinnews.com/2024/09/south-africa-is-the-friendly-crypto-country-in-africa-compared-to-nigeria/): South Africa is positioning itself as the most friendly crypto country for digital assets, as seen from its proactive approach in creating a regulatory environment for digital assets and fostering crypto firms.  The country stands out as an entry point into the African market, offering a strong rule of law and regulatory clarity, which appeals to investors and crypto exchanges. South Africa has emerged as a leader in crypto regulation following the issuance of Crypto Asset Service Provider (CASP) licenses by the Financial Sector Conduct Authority (FSCA). Also, SARS—South African Revenue Service is reportedly using artificial intelligence (AI) to track traders [&hellip;]
- [Governance Concerns Trigger Sell-Off in Nigerian Bonds Despite Strong Yields ](https://diutocoinnews.com/2024/09/governance-concerns-trigger-sell-off-in-nigerian-bonds/): According to the Second-Quarter 2024 Report of the National Pension Commission (PenCom), Nigerian bonds faced massive selloffs as investors moved to focus on good governance over high yields.&nbsp; Following the report, there&#8217;s a change noticed, and this is a shift from the interest of global investors; now preferring more steady investments than a neck-deep dive into developing and emerging markets. A large shift in risk appetite. A reported decline in Bond Index According to the report also, there is a decline in the bond index. The report revealed that the S&amp;P/FMDQ Sovereign Bond Index, which tracks the performance of Nigerian sovereign [&hellip;]
- [US SEC Approves Trading Options for BlackRock’s Spot Bitcoin ETF](https://diutocoinnews.com/2024/09/us-sec-approves-trading-options-for-blackrocks-spot-bitcoin-etf-nasdaq/): The United States Securities and Exchange Commission (SEC) gave Nasdaq the go-ahead to list and trade shares of options for BlackRock’s spot Bitcoin exchange-traded fund (ETF). Details of BlackRock’s Bitcoin ETF Options Approval  On September 20, via a notice, the United States Securities and Exchange Commission (SEC) approved options trading for iShares Bitcoin Trust under the Nasdaq exchange. According to Nasdaq, they&#8217;d allow trading for options on the Bitcoin ETF “in the same manner” as other ETF options, subject to the same rules. Options on IBIT will be physically settled with American-style exercise,” said the SEC notice. “The Exchange stated that [&hellip;]
- [Nigeria Inter-Bank Settlement System, NIBSS to utilize blockchain for payments.](https://diutocoinnews.com/2024/09/nigeria-inter-bank-settlement-system-nibss-to-utilize-blockchain-for-payments/): The Nigerian financial landscape is experiencing a significant shift as the Nigeria Inter-Bank Settlement System (NIBSS) partners with Zone, a Nigerian fintech that has evolved into blockchain network specifically built for fiat transactions.&nbsp; This partnership aims to leverage blockchain technology to enhance the Point of Sale (PoS) ecosystem. Significance of the Partnership NIBSS, as the central switch in Nigeria, facilitates interoperability and the exchange of data between traditional financial systems and payment gateways. With this partnership, NIBSS integrates into Zone’s blockchain, enabling Payment Terminal Service Aggregator (PTSA) functions. As a result, institutions on Zone’s network can directly transact with each other, [&hellip;]
- [What Is MOG Coin and How to Trade MOG?](https://diutocoinnews.com/2024/09/what-is-mog-coin-and-how-to-trade-mog/): For the purpose of engaging with our users and broadening our offerings, we are introducing a new blockchain project, Mog Coin, the internet&#8217;s first culture coin that is wrapped as an ERC-20 token and placed onto Ethereum’s mainnet.&nbsp; This article delves into an exploration of Mog coin, dubbed the internet&#8217;s first culture coin. We will also look into its native token $MOG, how it operates, tokenomics, and the potentiality of the coin in the cryptocurrency ecosystem. Moreover, we will also have a step-by-step guide on how to purchase and trade $MOG. What is Mog Coin?&nbsp; The crypto environment arises with different [&hellip;]
- [What Is Memeland and How to Buy MEME Tokens?](https://diutocoinnews.com/2024/09/what-is-memeland-and-how-to-buy-meme-tokens/): In our commitment to broaden our offerings continually, we are introducing a new project addition &#8211; Memeland.&nbsp; Memeland is a Web3 platform that offers a collaborative digital environment for community engagement, creativity, memes, and NFTs, with a significant focus on decentralization and blockchain technology. In this article, we will explore Memeland explaining how it works and what makes it unique. We will explore the Memeland NFT Collections, its native token, MEME, tokenomics, and statistics. We will conclude the article by providing concise steps on how to buy and trade the Memeland token, MEME. What Is Memeland? Memeland is a Web3 venture [&hellip;]
- [Andrew Tate’s DADDY Token Skyrockets 200% in One Day, Surpassing MOTHER Token’s Market Cap](https://diutocoinnews.com/2024/09/andrew-tates-daddy-token-skyrockets-200-in-one-day-surpassing-mother-tokens-market-cap/): A new token has been launched to rival the MOTHER token, which has garnered attention from all crypto investors in the past few weeks.&nbsp; Introduction of DADDY token This new token surpassed the MOTHER token just a few days after its launch by reaching a market capitalization of $300 million and increasing by 200% in just one day. Launched by the social media celebrity Andrew Tate, the Daddy token is gaining traction, and it’s been seen as a direct competitor to Iggy Azalea’s MOTHER token, which was the most successful celebrity launch. Daddy token is a Solana-based token that is being [&hellip;]
- [X user who resigned from his paying job hoping for a life-changing Hamster Airdrop cries out](https://diutocoinnews.com/2024/09/x-user-who-resigned-from-his-paying-job-hoping-for-a-life-changing-hamster-airdrop-cries-out/): Following the Hamster Token Airdrop allocation that was released recently, individual participants who are reportedly CEOs in the Hamster game cries out expressing their dissatisfaction.&nbsp; One of these individuals on X (formerly Twitter) known by the name Pharm. Musa Bello took to Twitter to express his displeasure with the amounts distributed as allocation for playing the popular Telegram mini-app game. Twitter Nigeria was in shock with the post he made narrating how he resigned from his paying job, hoping to make a life-changing reward from playing the Hamster Kombat Telegram mini-app game. Narrating his story, Musa explained how a friend of [&hellip;]
- [Top Nigerian Banks with the Lowest Lending Rates ](https://diutocoinnews.com/2024/09/top-nigerian-banks-with-lowest-lending-rates/): For the manufacturing industry to thrive effectively, they rely on aid from financial institutions. Loan requests come with interest rates for these industries. High lending rates decrease demand and supply whilst low lending rate increases aggregate demand.  Hence, it&#8217;s only natural that manufacturers and business owners would prefer and move to banks that offer loans with lower rates, as it aids more production. In this article, we&#8217;ll be looking at the top 5 banks in Nigeria with the lowest lending rates.&nbsp; What are lending rates? For an in-depth understanding, you could think of lending rates as rates charged on loans given [&hellip;]
- [Token2049: Binance CEO affirms commitment in ensuring the release of Gambaryan.](https://diutocoinnews.com/2024/09/token2049-binance-ceo-affirms-commitment-to-the-release-of-gambaryan/): Following Binance&#8217;s announcement that it is exploring various avenues to secure the release of its executive, Tigran Gambaryan, from jail in Nigeria, CEO Richard Teng emphasized at the TOKEN2049 conference that the company is working around the clock to ensure Gambaryan’s release. “We have repeatedly appealed to the Nigerian government to release Tigran so that he can go home and receive the proper medical treatment he needs,” Teng said in an interview with Cointelegraph at the Token2049 conference in Singapore on Sept. 19. “There’s no reason to hold our staff. He is being held unjustly and unfairly,” Teng added. “It is [&hellip;]
- [BNB Chain integrates Telegram for a seamless web3 access to users and developers.](https://diutocoinnews.com/2024/09/bnb-chain-integrates-telegram-for-web3-access/): BNB Chain expands into Telegram mini-apps to make Web3 more accessible through its integration with the application, the widely-used messaging app, to provide seamless access to users and developers.  This is another crucial step in BNB Chain’s goal to onboard the next billion users into Web3. Together, we&#8217;ll be looking at how BNB chain expansion into Telegram mini apps benefits both users and developers. What are Telegram Mini-Apps? Telegram mini-apps is a innovative design from Telegram messaging app for Web3 interactions. Telegram Mini-Apps: These are web applications that operate directly inside the Telegram messenger, widely used for offering blockchain services, such [&hellip;]
- [Solana Labs plans to launch a new phone dubbed 'Seeker’ with rewards](https://diutocoinnews.com/2024/09/solana-launches-new-phone-seeker/): Revealed on Thursday, at the Token 2049 conference, Solana Lab’s phone designing subsidiary would  be releasing its second crypto phone in the year 2025.  Details of the Solana Phone, &#8216;Seeker&#8217; Emmet Hollyer, who handles Solana Labs’ phone-making project, mentioned that the phone expected to ship in 2025 has been given a name, ‘Seeker’.&nbsp; He also mentioned some peculiar features Seeker would have over the first mobile phone ‘Saga’. Some of these features of the new Solana Mobile Phone ‘Seeker’ includes;  Solana’s co-founder and Labs CEO Anatoly Yakovenko explained, “We founded Solana Mobile with the mission of taking crypto, mobile, and to [&hellip;]
- [CBN to Bring Back Cybersecurity Levy](https://diutocoinnews.com/2024/09/cbn-to-bring-back-cybersecurity-levy/): As part of its guidelines for the 2024-2025 fiscal year, the CBN has restated that it will enforce the controversial 0.005% cybercrime levy on electronic transactions.&nbsp; This levy, mandated by the Cybercrime (Prohibition, Prevention, etc.) Act of 2015, is designed to enhance Nigeria&#8217;s cybersecurity infrastructure and will be deducted from electronic transactions by banks and other financial institutions. The document states: “The CBN shall continue to enforce the payment of the mandatory levy of 0.005 per cent on all electronic transactions by banks and other financial institutions, in accordance with the Cybercrime (Prohibition, Prevention, etc.) Act, 2015.” In response to public [&hellip;]
- [Chelsea FC Sponsor BingX Tries to Hide $52M Hack Under Wallet Maintenance](https://diutocoinnews.com/2024/09/chelsea-fc-sponsor-bingx-tries-to-hide-52m-hack-under-wallet-maintenance/): BingX, a Singapore-based cryptocurrency exchange, has acknowledged the security breach that resulted in users’ asset loss. The loss is reportedly around $52M across 11 chains. Forensic firms like PeckShield reported around $26M earlier, which were likely incomplete, but recent updates from forensics firms now report figures like $43M, showing a clearer picture says Hakan Unal, senior security operations lead at Cyvers Alerts. “Our threat intelligence system has summed the total loss across all chains, leading to a more comprehensive estimate of $52 million,” Unal said. BingX chief product officer Vivien Lin posted on X (formerly Twitter) about some suspicious activities noticed [&hellip;]
- [Nigeria's $1.5B Target for Halal Economic Strategy](https://diutocoinnews.com/2024/09/nigerias-1-5b-target-for-halal-economic-strategy/): The Nigerian government is setting up a plan to position the country as a leader in the global Halal economy, with expected returns of $1.5 billion to Nigeria’s GDP by 2027.&nbsp; According to Aliyu Bunu Sheriff, the Special Assistant to the President on Export Expansion, this initiative will encourage collaboration among government agencies, business leaders, and international partners, leveraging Nigeria&#8217;s position as the 8th largest Halal economy in the world. The Halal economy goes beyond religion, referring to products and services that comply with Islamic law while also upholding integrity, universal values, and ethical principles. Sheriff emphasized that expanding Halal exports [&hellip;]
- [Understanding the US Fed Rate Cut and Its Effects on the Nigerian Naira and the Crypto Market.](https://diutocoinnews.com/2024/09/understanding-the-us-fed-rate-cut-and-its-effects-on-the-nigerian-naira-and-the-crypto-market/): Following the U.S. Federal Reserve’s monetary policy arm, the Federal Open Market Committee (FOMC) meeting yesterday 18th September.  The Fed Chair Jerome Powell announced a Fed Rate cut of 0.5% , 50 basis points. You might ask what it means and how it can affect the Naira or the crypto market. What are interest rates, and why are they significant? Interest rates are one of the key tools used by central banks to control how individuals spend and borrow money, as well as to manage inflation—essentially controlling the economy. Raising interest rates slows down economic activity, while lowering rates stimulates growth [&hellip;]
- [Binance Sets Conditions Before Registering Under the Nigeria SEC](https://diutocoinnews.com/2024/09/binance-sets-conditions-before-registering-under-the-nigeria-sec/): With regards to the Securities Exchange Commission’s special framework program for onboarding Virtual Assets Service Providers (VASPs), Binance has disclosed two critical conditions that must be met, otherwise they&#8217;d not be registering. Details of Binance’s Stance Previously, the SEC authorized Quidax and Busha giving them the status of legally recognized crypto trading platforms in the country under the Accelerated Regulatory Incubation Programme (ARIP). This authorization is an ‘Approval-in-Principle’ which means that the acceptance or permission given is based on certain conditions and clauses. Through this ARIP, the federal government now has cryptocurrency and digital assets platforms under their regulatory domain, especially [&hellip;]
- [WalletConnect set to airdrop 185M WCT with native token launch](https://diutocoinnews.com/2024/09/walletconnect-set-to-airdrop-185-million-wct-with-native-token-launch/): WalletConnect, a web3 communications protocol that connects crypto wallets to decentralized applications, is set to launch its native WalletConnect Token (WCT) on Optimism&#8217;s Mainnet. &#8220;WCT marks a significant milestone in the WalletConnect Network&#8217;s decentralization roadmap and will be the driving force behind the economic and governance structure of the Network,&#8221; WalletConnect said on Tuesday.&nbsp; &#8220;Registration for the WCT airdrop will open on September 24. The airdrop eligibility structure is based on use of the WalletConnect Network.&#8221; WalletConnect Inc. has rebranded to Reown, focusing on user experience, and will continue to be led by CEO Jess Houlgrave. Details of the WCT Token [&hellip;]
- [New Report: Nigeria and Others Top in CBDC Global Adoption](https://diutocoinnews.com/2024/09/new-report-central-bank-digital-currency-on-the-surge/): About 134 countries, constituting 98% of the representing 98% of global GDP, are currently exploring a CBDC. With almost 50% at the pilot stage, countries like China, Nigeria, and the Bahamas have already launched theirs. The Research Report Findings The U.S.-based Atlantic Council think-tank released a new research report on Tuesday that presented the exploration of central bank digital currencies, also called CBDCs, by all G20 nations. The research also shows that 44 countries in all are currently on the CBDC pilot stage. Recall that the Central Bank of Nigeria (CBN) launched the country’s CBDC, eNaira in October 2021. Also, Nigeria [&hellip;]
- [Explore the Value of CET and the New Trend of Platform Token Development ](https://diutocoinnews.com/2024/09/explore-the-value-of-cet-and-the-new-trend-of-platform-token-development/): Platform tokens have gained increased attention from crypto market users, with a market capitalization of more than $100B.&nbsp; These tokens support transactional activity, provide a range of benefits, and foster platform growth, making them vital components of the crypto ecosystem.&nbsp; The CoinEx Token (CET) exemplifies this trend, showcasing the importance of platform tokens in the crypto market. This article explores the value of CET and the new trends in platform token development, emphasizing their role in the cryptocurrency landscape. The Ecosystem Benefits of Platform Tokens Platform tokens have become an part essential of the cryptocurrency ecosystem, serving as native assets for [&hellip;]
- [Nigerian CPI Report Indicates Gradual Decrease In Inflation](https://diutocoinnews.com/2024/09/nigerian-cpi-report-indicates-gradual-decrease-in-inflation/): The Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS) highlights that Nigeria&#8217;s headline inflation eased from 33.40% in July 2024, to 32.15% in August 2024.  This reflects a decrease of 1.25% points, marking the second consecutive monthly reduction in inflation following the ease recorded the previous month. However, on a yearly basis, the inflation rate surged significantly, with August 2024’s inflation rate being 6.35% points higher than the 25.80% in August 2023. On a month-to-month comparison, July 2024’s inflation rate of 2.28% was slightly higher than the 2.22% recorded in August 2024, indicating a slower pace [&hellip;]
- [Naira Rates: Nigeria Foreign Reserve Hits $36.87B Following the Sale of Domestic Dollar Bond](https://diutocoinnews.com/2024/09/naira-rates-nigeria-foreign-reserve-hits-36-87b-following-the-sale-of-domestic-dollar-bond/): Nigeria’s foreign exchange (FX) reserves increased by $621.2M in 10 days following the recent sale of a domestic dollar bond.&nbsp; According to the most recent data from the Central Bank of Nigeria (CBN) , on the reserve. It appreciated from $36.24B on September 2, 2024, to $36.87B by September 12, 2024. Breakdown of the Uprise in Foreign Exchange Reserves  The first significant increments ensued between September 2 and September 3, 2024, when the reserve rose from $36.24B to $36.27B, a satisfactory rise of approximately $30M. The next few days, September 4 and 5, recorded a progression that implied a sustained flow [&hellip;]
- [The Issuer of USDC Stablecoin, Circle Moves HQ to New York Ahead of IPO](https://diutocoinnews.com/2024/09/the-issuer-of-usdc-stablecoin-circle-moves-hq-to-new-york-ahead-of-ipo/): The company behind the world’s second-largest stablecoin, Circle Internet Financial, is moving its global headquarters from Boston to New York City after confidentially filing for an Initial Public Offering (IPO) in the U.S. The new office, expected to begin operations in early 2025, will be located at One World Trade Centre. Why did Circle Move HQ to New York? Circle’s move from Boston to New York City highlights the growing connection between cryptocurrencies and traditional finance. Major financial institutions such as Goldman Sachs and BlackRock are also headquartered in New York City, showing the city’s importance in both sectors. Cryptocurrencies like [&hellip;]
- [ECOWAS Suspends Single Currency Plans Sighting Political Challenges](https://diutocoinnews.com/2024/09/ecowas-suspends-single-currency-plans-sighting-political-challenges/): After years of planning and setbacks, the Economic Community of West African States (ECOWAS) has broken off its plans of a single currency, the ECO currency. Edwin Melvin Snowe Junior, a prominent member of the ECOWAS Parliament and co-chair of multiple joint committees within the organization, made this known to the public during a recent interview with journalists in Banjul, Gambia. What is the ECO Initiative all about? The ECO is a single currency initiative proposed with the end goal of enacting a unified currency for the 15-member regional bloc. After first being put forward in the late 1990s, it started [&hellip;]
- [MicroStrategy Increases Total Bitcoin Holdings to 244,800](https://diutocoinnews.com/2024/09/microstrategy-increases-total-bitcoin-holdings-to-244800/): Business Intelligence and Software company, MicroStrategy, publicly declared that it has purchased roughly 18,300 Bitcoin—BTC between Aug. 6 and Sept. 12. Details of MicroStrategy&#8217;s Purchase  MicroStrategy not long ago acquired 18,300 Bitcoin, which has strengthened its stand as a distinguished holder of BTC. The financing behind the recent purchase was through the sales of over eight million of the company’s shares, through a sales agreement with several institutions on Aug 1, 2024. According to the SEC filing, the revenue from the sales of an aggregate of 8,048,449 shares under the Sales Agreement” raised approximately $1.11 billion by Sept. 12.  MicroStrategy&#8217;s Bitcoin [&hellip;]
- [SiBAN Leadership Crisis: Board of Trustees Expells Executives](https://diutocoinnews.com/2024/09/siban-leadership-crisis-board-trustees-expells-executives/): SiBAN (Stakeholders in Blockchain Association of Nigeria), the group leading the advocacy for the adoption of cryptocurrencies in Nigeria, is currently entangled in a leadership crisis as all executive members of the association have been expelled. A group called the “Board of Trustees” announced this expulsion on the association&#8217;s website. Why were the executives expelled? SiBAN’s president, Mr. Iwuno Obinna was accused of misusing his position by making unauthorized decisions. The ‘Trustees’ claimed he formed a rival association using the SiBAN name, registered it with the Corporate Affairs Commission (CAC) without consulting anyone, and despite being under suspension, appointed himself as [&hellip;]
- [Around $670,000 Freezed by Nigerian Regulator Over Unregulated Crypto P2P Trades](https://diutocoinnews.com/2024/09/around-670000-freezed-by-nigerian-regulator-over-unregulated-crypto-p2p-trades/): The Nigerian regulator has reportedly freezed N548.6M (about $670,000), supposedly in the account of users of cryptocurrency platforms, Bybit, and KuCoin.  EFCC— Economic and Financial Crimes Commission, following a court order they obtained from the Federal High Court, has freezed N548.6M belonging to crypto traders. Details of the alleged undermining of Naira by Bybit and KuCoin According to the EFCC, Bybit, KuCoin and other several crypto platforms have opened the door for Nigerian users to engage in “price discovery, confirmation, and market manipulation” through their platforms, thereby causing “distortions in the market, resulting in the naira losing its value against other [&hellip;]
- [Uniswap Trading Volume Dominance Drops as Competition Increases. ](https://diutocoinnews.com/2024/09/uniswap-trading-volume-dominance-drops-as-competition-increases/): Uniswap, one of the industries’ top decentralized exchanges (DEX), market share decline has been tied to the increase in competition from other DEX. From holding over 50% of the market in October 2023, Uniswap’s share has decreased to 36% as of September 2024.&nbsp; Key Competitors in the DEX Space&nbsp; Uniswap, losing its grip on the DEX market, reveals the surge in growth and development within the decentralized exchange sector. With various DEX coming on-board to tap from the market share. Key competitors have made notable gains so far: Aerodrome: This emerging DEX player has made enviable growth in the market, capturing [&hellip;]
- [US Diplomats Rally Behind Binance for the Release of Gambaryan](https://diutocoinnews.com/2024/09/us-diplomats-rally-behind-binance-for-the-release-of-gambaryan/): Some personnels, including the US Ambassador to Nigeria, have reportedly rallied behind Behind to request for the release of Gambaryan. Tigran’s detention has become a major point of conflict as the U.S. diplomats, including Secretary of State Anthony Blinken and U.S. Ambassador to Nigeria Richard Mills quietly urged the Nigerian government to release Tigran. In September 2024, Ambassador Mills met with Nigerian President Bola Ahmed Tinubu’s cabinet to discuss Gambaryan’s release. However, Nigeria’s Attorney General insisted that Gambaryan would only be released after he stands a trial in court. Tigran Gambaryan is a U.S. citizen, former Internal Revenue Service agent, and [&hellip;]
- [Tether Reports $6.2B In Profit Surpassing BlackRock’s Profit](https://diutocoinnews.com/2024/09/tether-reports-6-2b-in-profit-surpassing-blackrocks-profit/): Tether, the largest issuer of stablecoins, has released a report highlighting its remarkable profit of $6.2B over the past year, surpassing the financial giant, BlackRock, in profits. According to TU Crypto News, Tether&#8217;s breakthrough arises from the increased demand for stablecoins for seamless on-ramps and off-ramps.&nbsp; Tether’s USDT&nbsp; is the most well-known among other stablecoins, playing a crucial role in providing liquidity across cryptocurrency exchanges. Based on financial data, Tether&#8217;s profitability is now greater than that of the financial manager, BlackRock, which made $5.5 billion over the same period. U.S. Treasury Bill Holdings Moreover, Tether&#8217;s rise in profits has been associated [&hellip;]
- [FATF Reports: Majority of African Countries Struggle with Crypto Regulations](https://diutocoinnews.com/2024/09/fatf-reports-majority-of-african-countries-struggle-with-crypto-regulations/): The Financial Action Task Force (FATF) has released its fifth review on how effectively countries around the world are implementing crypto policies and regulations.  Key Highlights of FATF Fifth Review What is FATF’s Recommendation 15 (R15)? FATF’s Recommendation 15 requires countries to regulate crypto enterprises to prevent terrorist financing and money laundering. The Travel Rule, an integral part of this recommendation, requires that crypto companies gather and share user information, especially for large transactions, to help track suspicious activities. Compliance Issues on a Global Scale FATF&#8217;s review highlights that many countries are still struggling to enforce regulations effectively on virtual assets [&hellip;]
- [Chainalysis Report: Nigeria and India Leads in Global Crypto Adoption](https://diutocoinnews.com/2024/09/chainalysis-report-nigeria-and-india-leads-in-global-crypto-adoption/): India, Nigeria, and Indonesia top the report released from the highly anticipated 2024 Geography of Cryptocurrency Report by Chainalysis. The three countries are undergoing a massive surge in cryptocurrency activity. Details From The Released Report&nbsp; The released report by Blockchain data analytics firm, Chainalysis, is the fifth to ever be engaged in. It ranked 151 countries for which sufficient data existed between Q3 2021 to Q2 2024.&nbsp; Chainalysis explained that the rankings are weighted by factors like purchasing power and population size, stating: “We rank all 151 countries for which we have sufficient data.”&nbsp; However, in the just-released report, there was [&hellip;]
- [BoG: The Draft Guidelines For Crypto Regulation in Ghana](https://diutocoinnews.com/2024/09/bog-the-draft-guidelines-for-crypto-regulation-in-ghana/): The Central Bank of Ghana—BoG recently released draft rules for crypto regulations in Ghana to serve the purpose of creating a structure for the use of cryptocurrency. This is coming in after their strict ban on crypto in 2022. What Sparked the Need for The Regulations? The decision of the Central Bank of Ghana came following the surge in the use of digital assets like bitcoin (BTC) and the USDT stablecoin by individuals in the region. Following this new development, the apex bank came up with the released draft regulations on August 16, setting rules in place to promote financial inclusion [&hellip;]
- [Tether, TRON and TRM Labs Establish First-Ever Private Sector Financial Crime Unit to Combat Crypto Crime](https://diutocoinnews.com/2024/09/tether-tron-and-trm-labs-establish-first-ever-private-sector-financial-crime-unit-to-combat-crypto-crime/): Tether, TRON and TRM Labs today announced they have joined forces to establish the T3 Financial Crime Unit (T3 FCU), a first-of-its-kind initiative aimed at facilitating public-private collaboration to combat illicit activity associated with the use of USDT on the TRON blockchain.&nbsp; This novel collaboration brings together the anti-financial crime expertise of TRM Labs, a leading blockchain intelligence firm; the technical expertise of TRON, a leading global blockchain and DAO; and external investigations team at Tether, the largest company in the digital asset industry, to create a safer and more secure crypto community for all. In the weeks since launch, the [&hellip;]
- [Report: Fiat-Backed Stablecoins Market Capitalization Still Below 2021’s Peak of $181.7B](https://diutocoinnews.com/2024/09/report-fiat-backed-stablecoins-market-capitalization-still-below-2021s-peak-of-181-7b/): The current Coingecko State of Stablecoins 2024 report shows that fiat-backed stablecoins with $161.2B Markets capitalization are still below 2021&#8217;s peak of $181.7B. What are Stablecoins? Stablecoins are crypto tokens whose value is pegged or attached to real-world assets like fiat currencies or commodities to stabilize and maintain their peg price.&nbsp; Maintaining their pegs to assets, fiat currencies, or commodities helps most stablecoins bridge the gap between real-world assets and crypto. Firms like Circle and Tether have issued currencies tokenized and backed by real-world financial assets such as bank deposits and short-term notes since 2014.&nbsp; Decentralized stablecoins such as DAI and [&hellip;]
- [CoinEx Launches Innovative Products and Buyback Strategy to Boost $CET Token Value](https://diutocoinnews.com/2024/09/coinex-launches-innovative-products-and-buyback-strategy-to-boost-cet-token-value/): CoinEx has recently revamped its $CET introduction page and upgraded its products and services, introducing new innovative products.&nbsp; The new CoinEx AMM allows market markers to earn significant returns offering access to over 1,200 tokens and 1,700 markets through our “Good, Fast, Comprehensive” listing strategy.&nbsp; In an effort to attract more users to the CoinEx AMM, the CEO Haipo notes that the platform will continue to list assets, and provide users with more potential and innovative digital assets, helping them to seize opportunities amid market fluctuations. The CoinEx Token ($CET) Upgrade&nbsp; In order to increase users and boost the users’ confidence, [&hellip;]
- [SEC Nigeria to Crackdown on Unregulated Crypto Exchanges. ](https://diutocoinnews.com/2024/09/sec-nigeria-to-crackdown-on-unregulated-crypto-exchanges/): Nigeria&#8217;s SEC — Securities Exchange Commission will take actions against unregulated crypto businesses, ensuring investors&#8217; protection and encouraging growth in the market. The SEC has made a commitment to crackdown on cryptocurrency exchanges and individuals carrying out unregulated cryptocurrency transactions in the country. According to a report from Emomotimi Agama, the director-general of Nigeria’s SEC, he disclosed that Nigeria will be taking action against entities attempting to offer cryptocurrency services without proper regulation. This is coming in after the crypto license approval-in-principle is granted to two cryptocurrency exchanges in the country, which are Quidax and Busha by the capital market regulator.   [&hellip;]
- [South Africa to Tax Crypto Traders in the region](https://diutocoinnews.com/2024/09/south-africa-to-tax-crypto-traders-in-the-region/): The South African Revenue Service (SARS) is updating its regulations and issuing tax notifications to crypto traders.&nbsp; SARS is reportedly using artificial intelligence (AI) to track traders who are not complying with the regulations. Furthermore, the South African Reserve Bank (SARB) has set certain rules regarding how individuals and businesses can invest in digital assets. The Use of AI by SARS to Track Digital Assets Traders Recently, South Africa has recognized digital asset exchanges (where individuals trade cryptocurrencies) as official financial institutions. Consequently, many crypto exchanges have been licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. Simultaneously, SARS [&hellip;]
- [Fidelity and MasterCard Partners to Launch Fidelity Send](https://diutocoinnews.com/2024/09/fidelity-and-mastercard-partners-to-launch-fidelity-send/): Fidelity Bank Plc, a prominent bank in Nigeria, and Mastercard have teamed up to introduce Fidelity Send, a new measure that will aid cross-border payments and remittances in Nigeria. What are cross-border payments and remittances? It&#8217;s a range of activities from sending or receiving money around the world to family or friends or paying for goods and services around the world. Cross-border remittances in Africa usually flows to Sub-Saharan Africa increasing by 1.9% in 2023 to $54 billion, with Nigeria accounting for 38% of the flows.&nbsp; In 2024, remittance flows to the region are projected to increase by 2.5%, encouraging businesses [&hellip;]
- [Introducing New Dimensions of Asset Appreciation for CET Token Holders](https://diutocoinnews.com/2024/09/introducing-new-dimensions-of-asset-appreciation-for-cet-token-holders/): CoinEx, a leading global cryptocurrency exchange, responds to the latest market trend of on-chain revenue by launching its innovative Staking service to generate on-chain rewards for participants.&nbsp; CoinEx Staking: Unlocking On-chain Revenue CoinEx Staking allows users to stake their crypto assets, participate in the validation process of blockchain networks, and earn rewards.&nbsp; Compared to traditional investment methods, staking helps users generate revenue in the long-term while supporting network security and stability.&nbsp; With a user-friendly interface, CoinEx Staking ensures that even users without technical backgrounds can easily earn on-chain rewards through a few simple steps. CoinEx Staking Supporting CET: Unlocking Multiple Potential [&hellip;]
- [Understanding the Nigerian Government FGN Dollar Bond.](https://diutocoinnews.com/2024/09/understanding-the-nigerian-government-fgn-dollar-bond/): The Domestic FGN US Dollar Bond is a new financial instrument introduced by the Federal Government of Nigeria through the Debt Management Office (DMO). What is the Domestic FGN US Dollar bond? It is a foreign currency-denominated debt instrument issued locally in Nigeria and designed to appeal to both local and international investors. As a bond, it is part of the Foreign Currency-Denominated Financial Instrument Local Issuance Programme (Order No. 16 of 2023). The bond was open for subscription until the 30th of August, 2024. In this article, we will explore the concept of the Domestic FGN US Dollar bond. Purpose [&hellip;]
- [Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000](https://diutocoinnews.com/2024/09/nigerian-banks-to-deduct-n50-on-transfer-inflows-above-n10000/): In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have begun notifying their customers of plans to begin deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by their customers starting from September 9. What is ETML? The Electronic Money Transfer Levy (EMTL) is a one-off levy of N50 on electronic money transfers or receipts in Nigeria. It deals with all online transfers of funds in a Nigerian-licensed bank or financial institution, with a couple of exceptions: transactions less than ₦10,000, money paid into one&#8217;s account, and money transferred [&hellip;]
- [CoinEx Holds Successful Campus Hangout and Tour at UNIZIK](https://diutocoinnews.com/2024/09/coinex-holds-successful-campus-hangout-and-tour-at-unizik/): CoinEx, a cryptocurrency trading platform, recently held a highly successful Campus Hangout and Tour at Nnamdi Azikiwe University (UNIZIK) in Anambra State, Eastern Nigeria. The event aimed to introduce the CoinEx platform to university students and young crypto enthusiasts while also cultivating a strong presence within the academic community. The event, which followed the Moov Blockchain Bootcamp, drew an impressive crowd of approximately 225 attendees. These individuals demonstrated a keen interest in cryptocurrency and showed a growing affinity for the CoinEx brand. Notably, CoinEx&#8217;s stage presentation served as a crucial factor in engaging the audience. The presentation sparked curiosity and fostered [&hellip;]
- [The Number of Scammers Increases in Local Crypto Groups](https://diutocoinnews.com/2024/09/the-number-of-scammers-increases-in-local-crypto-groups/): Currently, in Nigeria, the number of individuals doing peer-to-peer crypto transactions has increased to new levels. The increased transaction activity has attracted scammers guaranteeing mega returns on investments upon signing up to participate in these investments. Opinions of Experts on the Rising Scam James Aniogba, an experienced crypto and Forex trader, before becoming a maestro in the Web3 space, had fallen victim to these nefarious crimes perpetrated by the owners of some of these groups.  He pointed out that some of the coins promoted in these Nigerian crypto trading groups by their owners are scam coins. According to him, the promoters [&hellip;]
- [SEC Nigeria's Crypto License Approval Targets Youth Involvement in Capital Markets](https://diutocoinnews.com/2024/09/sec-nigerias-crypto-license-approval-targets-youth-involvement-in-capital-markets/): Following the approval-in-principle of provisional crypto license to Busha and Quidax, Nigerian Securities and Exchanges Commission notes that the decision stems from several factors, including the idea of the youth involvement in the Capital Markets. The Approval Processes The Nigerian SEC executive Dr. Emomotimi Agama has noted that one of the factors behind the issuing of provisional license to operators is to create an enabling environment for the youths and encourage their participation in the Capital Market. Dr. Emomotimi further highlighted that the SEC is exerting extremely cautious measures in the regulation of digital assets firms, explaining that, “These companies, having [&hellip;]
- [Bank of Uganda Cuts Interest Rate by 0.25%](https://diutocoinnews.com/2024/09/bank-of-uganda-cuts-interest-rate-by-0-25/): For the very first time in history, the Bank of Uganda reduced its key rate, cutting it from 10.25 per cent to 10 per cent. What are Key Rates? They&#8217;re benchmark interest rates implemented by the central banks of different countries to shape the cost of borrowing in an economy.  Think of it as playing a game with your friends and setting points to be won for each round. It just sets out the dynamic of the game entirely. That way, you can tell who&#8217;s the winner and who isn&#8217;t. That&#8217;s exactly how the key rates dictate how much a bank [&hellip;]
- ["Naira For Crude" will reduce the need for the US dollar.](https://diutocoinnews.com/2024/09/naira-for-crude-will-reduce-the-need-for-the-us-dollar/): The renowned Nigerian billionaire businessman Aliko Dangote praised the “Naira for Crude” initiative introduced by the Nigerian government, which allows refineries to purchase crude oil using the Nigerian Naira instead of US dollars. He emphasized that this will help stabilize the Naira by reducing the demand for foreign exchange by 40%. During the announcement of petrol production at the Dangote Refinery in Lagos on Arise TV, he appreciated the efforts of the President of Nigeria, Bola Tinubu, for creating an environment for the refinery to grow and provide energy for the people, stating,  “I would like to salute the people of [&hellip;]
- [China's Lending to Africa increased to $4.6B in 2023](https://diutocoinnews.com/2024/09/chinas-lending-to-africa-increased-to-4-6b-in-2023/): Boston University’s Global Development Policy Centre released a research study on Thursday unveiling an increase in the rate of Chinese lending to Africa. This was recorded at US$ 4.6 billion as of 2023. The Loan Build-up China’s loans to Africa exceeded $10 billion each year during the beginning days of Chinese President Xi Jinping’s global infrastructure project, the Belt and Road Initiative, or BRI.  These loans went to Africa’s energy sector (US$ 62.7 billion), transportation (US$ 52.7 billion), information and communication technology ($15.67 billion), and the financial sector ($11.98 billion). However, the lending rate plummeted downwards during the COVID-19 pandemic, considering [&hellip;]
- [Nigeria Proposes VAT Increase to 10%](https://diutocoinnews.com/2024/09/nigeria-proposes-vat-increase-to-10/): The Presidential Committee on Fiscal Policy and Tax Reforms&nbsp; has recommended increasing the Value Added Tax (VAT) percentage from its current rate of 7.5%. This announcement was made on Channels TV’s Politics Today on Monday by Taiwo Oyedele, the committee’s chairman. A Draft of the Proposed Law Oyedele affirmed that a draft of the proposed tax law will be submitted to the National Assembly. The committee is working to combine different taxes to simplify the process and significantly reduce the overall tax burden. Objectives for the Creation of the Presidential Committee on Fiscal Policy and Tax Reforms Oyedele stated that Nigeria’s [&hellip;]
- [Oando Stocks Crosses N1T in Market Capitalization](https://diutocoinnews.com/2024/09/oando-stocks-crosses-n1t-in-market-capitalization/): The oil and gas company, Oando, has attained over N1T (over $626M, per current exchange rate) market capitalization as it wrapped up on the 2nd of September with a stock of N1.048T. How Oando Got to N1T Market Capitalization. Oando kicked off the year, 2024, with a powerful share price surge of N10.5 and a market cap of N130.2B. Skyrocketing by 705 percent year-to-date (YTD), it&#8217;s the second fastest-growing stock in the Nigeria Exchange Limited (NGX).&nbsp; Within the first half of the year, Oando’s financial statement for 2022 and 2023 was released revving up investors’ belief and assurance.&nbsp; Not long after, [&hellip;]
- [Innovation, Integrity, and Long-Term Vision: CoinEx CEO Haipo Yang Reflects on Success](https://diutocoinnews.com/2024/09/innovation-integrity-and-long-term-vision-coinex-ceo-haipo-yang-reflects-on-success/): CoinEx CEO Haipo Yang is a seasoned figure in the crypto industry, known for his deep technical expertise and pioneering spirit. A graduate of Northwestern Polytechnical University with a degree in Mathematics, Haipo held key positions at Tencent and Futu Securities before diving into the Bitcoin space. As a former technical director at Zeus Technology, he transitioned from mining hardware to founding ViaBTC in 2016, which quickly became a global success. Introduction As a market-tested exchange with seven years of experience, CoinEx stands out in an intensely competitive sector by offering a rich and high-quality selection of assets, establishing a solid [&hellip;]
- [Lights Out: Brain Jotter's Charity Token $JOTA on TON Pulls the Plug](https://diutocoinnews.com/2024/09/lights-out-brain-jotters-charity-token-jota-on-ton-pulls-the-plug/): Popular Nigerian Comedian Chukwuebuka Amuzie has been receiving backlash from a large number of crypto analysts and enthusiasts concerning his supposed charity token, which lost liquidity moments after launch. Chukwuemeka Amuzie, popularly known by his skit name ‘BrainJotter,’ has been trending on the internet as a result of his supposed “rugged” project. The $JOTA coin is the first Charity token on the Ton Blockchain, introduced by Brain Jotter on the 31st of August and eventually launched on the 1st of September. The coin reportedly lost liquidity and dumped a few hours after launch. This event has taken a toll on BrainJotter’s [&hellip;]
- [Coinbase Performs the First AI-AI Crypto Transaction.](https://diutocoinnews.com/2024/09/coinbase-performs-the-first-ai-ai-crypto-transaction/): Coinbase makes history by executing the first AI-to-AI transaction using crypto. This milestone is a remarkable one and will open an avenue for automated transactions in the cryptocurrency sector. It also demonstrates the capacity of artificial intelligence to alter the financial and cryptocurrency industry. Taking to X to announce this great win, Brian Armstrong, CEO and Co-Founder of CoinBase said, “What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens (words basically from one LLM to another). They used tokens to buy tokens” What was the motivation behind this project? The CEO explained the limitation in the [&hellip;]
- [4 African Projects Benefit from the Ethereum Foundation Q2 2024 Grants](https://diutocoinnews.com/2024/09/4-african-projects-benefit-from-the-ethereum-foundation-q2-2024-grants/): Web3 communities in Africa were given the opportunity to experience empowering workshops funded by the Ethereum Foundation. The Ethereum Foundation Ecosystem Support Program (EFESP) allocated a total of roughly $8.5M to support 98 projects, according to the foundation’s inaugural grants allocation report published on Aug. 30. Out of these successful beneficiaries, 4 projects from the African region were selected to be rewarded in the $8.5M grants pool. Here’s a list of the 4 African projects backed by the Ethereum Foundation in the second quarter of 2024: 1. muAccra    This workshop brought together 99 participants from across Africa, co-living in Accra, Ghana. [&hellip;]
- [Crypto Regulations in African Countries: A Comparison Between Five Countries ](https://diutocoinnews.com/2024/09/crypto-regulations-in-african-countries-a-comparison-between-five-countries/): Statistically, Africa is the region with the highest young people demographic, and this is an underlying factor in the surging crypto interest in Africa.  Whilst some have welcomed this financial globalization with open arms, others are sceptical, passive, and indifferent about this. And of course, some other countries have kept their doors shut. This has led to a disparity in adoption rates and attitudes towards cryptocurrency. This is where we come to take a look at the extent to which cryptocurrency has been embraced or rather adopted in different African countries. What are Cryptocurrency Regulations? You can see these are the [&hellip;]
- [Only One Crypto Custodian License was Issued](https://diutocoinnews.com/2024/09/only-one-crypto-custodian-license-was-issued/): Following the licensing of Quidax in Nigeria, five other Blockchain firms were admitted under the Nigerian Regulatory Incubation Program (RI), among them BlockVault Custodian Ltd. What is a Digital Custodian? A digital custodian is a firm or organization that provides storage solutions for digital assets like fiat currency, especially for large holders of those assets.&nbsp; Therefore, in the context of cryptocurrencies, a Crypto Custodian or Crypto Custody Solution is an organization that provides a combination of hardware wallets and software wallets for the safe storage of crypto assets for large holders and investors. Read Also: SEC Nigeria Issues the First Provisional [&hellip;]
- [Mastercard to Move from Credit Card Numbers to Tokenization and Biometric Authentication.](https://diutocoinnews.com/2024/09/mastercard-biometrics-and-card-tokenization/): In a bid to simplify payments, Mastercard moves to tokenization and biometric authentication to eliminate the requirements for users to enter their credit card details during online purchases, regardless of platform or device. The shift to tokenization and biometric authentication is designed to improve user security and convenience. The payment giant will replace human 16-digit card number entry with a randomly generated &#8220;token&#8221; to improve how people pay for online services.&nbsp; Valerie Nowak, Executive Vice President of Product and Innovation at Mastercard Europe, addressed CNBC, &#8220;In Europe, we have seen tokenization gaining momentum across the ecosystem. The convenience and reduced rates [&hellip;]
- [10 Stockbrokers at NGX Responsible for More Than 50% of Traded Value, Worth Over $1B.](https://diutocoinnews.com/2024/08/10-stockbrokers-at-ngx-responsible-for-more-than-50-of-traded-value-worth-over-1b/): According to the report released by the Nigerian Exchange Group (NGX), ten stockbrokers accounted for 55.2% of the total traded volume on the NGX.  This is a 42.7% volume value, representing a significant 55.2% of the total value of all trades executed by Nigerian stockbrokers. The report shows that the ten companies have transactions involving approximately 66.9B shares year-to-date (YTD). In monetary value, these companies contributed N1.72T in traded value YTD, currently worth over $1B at the CBN rate of N1598.6/$1 today. Top 10 Stockbrokers by Value of Transactions  CardinalStone Securities Limited CardinalStone Securities tops the list. CardinalStone has traded N319.18B [&hellip;]
- [SEC Nigeria Issues the First Provisional Operating License to Crypto Exchanges](https://diutocoinnews.com/2024/08/sec-nigeria-issues-the-first-provisional-operating-license-to-crypto-exchanges/): The evolving crypto regulatory environment in Nigeria is taking a positive shape with the issue of its first provisional operating license for digital assets exchanges, including crypto exchanges.  Nigeria’s Securities and Exchange Commission (SEC) said it has granted an Approval-in-Principle to two crypto exchanges Quidax and Busha, giving them the status of legally recognised crypto trading platforms in the country. The first crypto exchange to get provisional operating license approval in Nigeria  Today, African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a [&hellip;]
- [SEC Nigeria Selects 23 Fund Managers For the $10B Nigeria Global Investment Fund.](https://diutocoinnews.com/2024/08/sec-nigeria-selects-23-fund-managers-for-the-10b-nigeria-global-investment-fund/): The Securities Exchange Commission (SEC) in Nigeria has now approved 23 fund managers for the Nigeria Global Investment Fund (NGIF) established by the Ministry of Industry, Trade, and Investment. The fund is geared towards revitalizing the country’s economy with the aim to attract both international and local capital into critical sectors of the Nigerian economy, including agriculture, manufacturing, energy, infrastructure, and fintech. The fund is designed to be used for various sectors with different fund managers incharge of the management of these sectors distributed as sub-funds. Selected Fund Managers There was a reported total number of 55 funds manager applications but [&hellip;]
- [Nigerian Judge to Preside Over Binance Money Laundering Case Next Week](https://diutocoinnews.com/2024/08/nigerian-judge-to-preside-over-binance-money-laundering-case-next-week/): A Nigerian judge will hear a money laundering case against crypto Binance and two of its executives next week. This hearing comes more than a month earlier than planned, after defence lawyers asked for the date change, the prosecutor said on Monday. What happened?&nbsp; According to Reuters report, Binance and the executives &#8211; U.S. citizen and head of financial crime compliance Tigan Gambaryan, and the exchange&#8217;s British-Kenyan regional manager for Africa, Nadeem Anjarwalla have been charged with laundering more than $35 million while Binance is also facing charges on tax evasion. Since February, Tigran has been detained in Nigeria and his [&hellip;]
- [Binance Adds One-Click Buy and Sell Crypto via Mobile Money in Africa.](https://diutocoinnews.com/2024/08/binance-buy-and-sell-crypto-with-mobile-money-in-africa/): Crypto exchange Binance has released a new feature called One Click Buy and Sell (OCBS) for its users in Africa. The new feature allows seamless buy and sell of crypto with fiat through mobile money accounts in Ghana, Tanzania, Uganda, and Zambia.  This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations Read Also: Nigeria Government to introduce new cryptocurrency tax law by September Buy and sell crypto in Ghana, Tanzania, Uganda and Zambia. The service was earlier announced last week, but now, it has expanded to these four countries in Africa. The new service will allow [&hellip;]
- [Pavel Durov arrest: Toncoin drops following the arrest of Telegram messaging app CEO in France](https://diutocoinnews.com/2024/08/pavel-durov-arrest-toncoin-drops-following-the-arrest-of-telegram-messaging-app-ceo-in-france/): Pavel Durov, the founder and CEO of the Telegram messaging and crypto friendly mobile app has been arrested at Paris-Le Bourget Airport for alleged offences related to his messaging app. Local sources had reported that Durov was travelling on his private jet from Azerbaijan and was arrested in France through an arrest warrant targeting him as part of a preliminary investigation. Why was Durov arrested today? Following his arrest, the authorities alleged that he had failed to take action against the harmful use of Telegram. Also he was accused of not preventing violence against minors, including fraud, drug trafficking, cyberbullying, and [&hellip;]
- [Nigeria Government to introduce new cryptocurrency tax law by September](https://diutocoinnews.com/2024/08/nigeria-cryptocurrency-tax-law/): The Nigerian government has recently highlighted the intention to introduce a new cryptocurrency tax law in the region, which will be effective by September.  The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, released this development at the FIRS 2024 Stakeholders Engagement with the House of Representatives Committees on Finance in Lagos.&nbsp; He said the FIRS organisation has plans  to introduce new tax laws, which will also cover the cryptocurrency industry. He also highlighted the absence of an acknowledged legal framework governing the cryptocurrency industry in Nigeria.  Cryptocurrency Adoption in Nigeria The rate of adoption of cryptocurrency [&hellip;]
- [How to Guide on Top Meme Coin Fair Launch Platforms](https://diutocoinnews.com/2024/08/top-meme-coin-fair-launch-platforms/): Meme coin launchpad platforms have recorded an increased adoption amongst crypto defi traders. Currently, different blockchain network ecosystems and platforms have released launchpads for meme tokens. Introduction: In this article, you will learn about top launchpads for meme coin fair launch on various blockchain networks and how to use these launchpads to launch and trade meme coins. What is a meme coin fair launch?&nbsp; Meme coin fair launch is a method of launching a token through bonding curve that ensures all participants have an equal opportunity to buy the token at the same price, time, and quantity. The LP is always [&hellip;]
- [CBN approves the merge of Unity Bank Plc with Providus Bank Limited](https://diutocoinnews.com/2024/08/unity-providus-bank-merger/): Unity Bank Plc notified the Nigerian Exchange Limited (NGX), shareholders, and other stakeholders that the Central Bank of Nigeria (CBN) has approved its proposal to merge with Providus Bank Limited.  This is according to Rule 17.3 Information Disclosure in the Nigerian Exchange Limited (NGX) Rulebook 2015. The official regulatory approval will now take needed actions towards the merger&#8217;s formal completion.&nbsp; The new merger will help Unity Bank Plc meet the Central Bank of Nigeria (CBN) &#8216;s new recapitalisation framework requirements for banking operations in Nigeria.&nbsp; According to the release signed by company secretary Alaba Williams, the Bank would continue to update [&hellip;]
- [Top PolitiFi Coins to Watch in 2024](https://diutocoinnews.com/2024/07/top-politifi-coins-to-watch-in-2024/): Political finance tokens, popularly known as PolitiFi coins, are cryptocurrencies linked to political themes or figures, particularly to promote decentralized governance and political fundraising.&nbsp; Let&#8217;s discuss how these trending political-themed cryptocurrencies are integrating finance with decentralized governance. Most of these coins are trending following the upcoming US elections. Let&#8217;s explore the best PolitiFi coins to watch in 2024.&nbsp; This politifi coins sector is a part of the memecoins sector that has recently gained a huge momentum with majority of the coins inspired by Donald Trump. In the recent weeks, Trump inspired concept coins like $FIGHTETH, $FIGHT and $FEARNOT has surged. Reason [&hellip;]
- [Ethereum ETFs and Bitcoin ETFs are Complementary Investment Tools — CoinEx CEO Haipo Yang](https://diutocoinnews.com/2024/07/ethereum-etfs-and-bitcoin-etfs-are-complementary-investment-tools-haipo-yang/): Securities &amp; Exchange Commission (SEC) Chair Gary Gensler suggested that spot ETH ETFs will likely receive approval over the course of the summer.&nbsp; Some hours ago, the Chicago Board Options Exchange (CBOE) has confirmed that five spot Ethereum ETFs will go live on July 23. The stock exchange has updated its platform to include new listings from Fidelity, Invesco Galaxy, Franklin Templeton, VanEck, and 21Shares. Moreover, there is a competition of fees where BlackRock introduced a starting fee of 0.12% for its iShares Ethereum Trust with a later fee of $0.25% making Franklin Templeton’s Franklin Ethereum Exchange-traded Fund (EZET) the cheapest [&hellip;]
- [Full List: 7 spot ethereum ETF applications](https://diutocoinnews.com/2024/07/full-list-7-spot-ethereum-etf-applications/): Similar to spot bitcoin etf, spot ethereum (eth) etf enables investors to have access to the digital asset market without having to be exposed to the volatility, security, and technical challenges. On January 10, 2024, the SEC approved 11 new spot bitcoin ETFs. Since then until now, the price of bitcoin has increased, tremendously reaching a new all-time-high of $73,738 on March 14, 2024.&nbsp; Currently, there have been a total of seven spot eth ETF applications so far since 2024. These applications include: What is an Ethereum ETF? An Ethereum exchange-traded fund (ETF) is a financial instrument designed to offer exposure [&hellip;]
- [TON blockchain sees a surge in active onchain users in Nigeria.](https://diutocoinnews.com/2024/07/ton-blockchain-sees-a-surge-in-active-onchain-users-in-nigeria/): The success of &#8216;The Open Network&#8217; (TON) blockchain in Nigeria can be attributed with the tap-to-earn telegram based game known as Notcoin and also numerous other new games via telegram mini apps. The successful launch of Notcoin and the reward obtained from the Notcoin tap-to-earn among Nigerians led to the increased participation of Nigerians in telegram based crypto games launched as Telegram mini apps. Another popular telegram based crypto game that has gained wide adoption among Nigerians is Tapswap. Tapswap launched following Notcoin&#8217;s successful debut in the region. Tapswap appeared to its users as another crypto game that can potentially record [&hellip;]
- [Increased awareness in Kenya for bitcoin following the protest over the finance bill ](https://diutocoinnews.com/2024/07/kenya-bitcoin-awareness/): Kenyan youth were seen with bitcoin placards during the recent protest, which threaded on X (the social platform formerly known as Twitter) and on TikTok.  Kenyans are turning to crypto to make ends meet in the face of widespread unemployment and distrust of President William Ruto. Few days after the protests, interest in bitcoin in Kenya has increased per google trends search on bitcoin in kenya as youth in the country long to break free of the financial and many of them are taking the first step of creating a crypto wallet. The protest, which started on the streets of Nairobi [&hellip;]
- [Witness says Binance organised unauthorised transactions in Nigeria at the Federal High court.](https://diutocoinnews.com/2024/07/binance-in-nigeria-court/): The Central Bank of Nigeria (CBN) claims that the cryptocurrency exchange Binance performed transactions involving banking services without proper authorization.&nbsp; According to local reports Olubukola Akinwunmi, head of payment policy and regulation at the CBN, testified before Judge Emeka Nwite of the Federal High Court of Nigeria in Abuja. He attested to the claims that Binance’s naira to crypto transaction processing was an unauthorised transaction. Unlicensed currency rate discovery. The Nigerian government also accused Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, of acting as a channel for currency conversion rate discovery.&nbsp; During the trial, Olubukola the 2nd prosecution witness [&hellip;]
- [Nigerian SEC wants all operating crypto firms to set up a local office](https://diutocoinnews.com/2024/07/nigerian-sec-wants-all-operating-crypto-firms-to-set-up-a-local-office/): The Securities Exchange Commission Nigeria wants all crypto firms offering services in the country to set up a local office.&nbsp; In a recent update on its website, SEC Nigeria had stated setting up an office as a requirement for qualifying to be incubated into the Accelerated Regulatory Incubation Programme (ARIP), which is designed to onboard VASPs in the country. The requirement also states that applicants must report customer complaints and emergent risks to the SEC. Applicants are also subject to SEC inspections, audits and monitoring. As part of the requirements, applicants are to include a sworn undertaking agreement with no fraud [&hellip;]
- [What caused the Bitcoin price to drop to $54K? Charts point at potential Mt. Gox repayments.](https://diutocoinnews.com/2024/07/what-caused-the-bitcoin-price-to-drop-to-54k-charts-point-at-potential-mt-gox-repayments/): Bitcoin price started dropping in June, following the news of the German government&#8217;s intention to sell $150m Bitcoin despite positive ETH ETF news.&nbsp; Mt.Gox may have started repaying creditors. According to a recent Bitcoin transfer volume chart for tokens last moved in the past seven to 10 years shared by Charles Edwards, the founder of digital asset hedge fund Capriole Investments. Read Also: BlackRock’s $400 million iShares ETF to exit Nigeria Edwards shared in a July 2 X post: “The entire history of this chart has disappeared because an enormous sum of Bitcoin moved on-chain, 10X more than the previous highs. [&hellip;]
- [Paystack parent company, stripe to bring back crypto payments in a new partnership ](https://diutocoinnews.com/2024/07/paystack-parent-company-stripe-to-bring-back-crypto-payments-in-a-new-partnership/): Stripe, an online payment processing solution for accepting payments with different payment methods, now including crypto across over 150 countries.&nbsp;&nbsp; Stripe is adding USDC on Base network to their crypto payouts product to enable Stripe platforms to make faster, cheaper money transfers to over 150 countries. Stripe is also adding USDC on Base Chain network to their fiat-to-crypto onramp to enable customers in the US to convert fiat to crypto faster than ever. The partner crypto company Coinbase is adding Stripe’s fiat-to-crypto onramp to Coinbase Wallet to allow users to buy crypto instantly with credit cards and Apple Pay onboarding billions [&hellip;]
- [Nigerian government to tax crypto traders a 7.5% VAT in transaction fees on KuCoin](https://diutocoinnews.com/2024/07/nigerian-government-to-tax-crypto-traders-a-7-5-vat-in-transaction-fees-on-kucoin/): Crypto tax Nigeria: KuCoin has just announced that per recent regulatory update, users with KYC registered to the federal republic of Nigeria will start paying 7.5% VAT (Value-Added Tax) in transaction fees.  In a recent email sent to all Nigerian users, trading on p2p trades and other type of trades will attract additional crypto tax of 7.5% VAT to be paid in transaction fees which will be sent to the Nigerian government.  The email released few hours ago reads;&nbsp; “We are writing to inform you of an important regulatory update that impacts our users from the Republic of Nigeria. Starting from [&hellip;]
- [A Nigerian guy gets rewarded with 7.4m naira for returning 100 solana tokens mistakenly sent to him.](https://diutocoinnews.com/2024/07/a-nigerian-guy-gets-rewarded-with-7-4m-naira-for-returning-100-solana-tokens-mistakenly-sent-to-him/): On X, formerly Twitter, a Nigerian guy was rewarded with more than $5,000 worth more than 7.4 million naira at the time of writing for his honesty.  The X user known as Lucky returned Raffa Yalvi on X, his 100 Sol (Solana), which was wrongly sent to his address. Raffa was trying to send a $100 reward to Lucky for winning a giveaway that he organized. But unfortunately, he made a mistake and sent 100 sol. Lucky refunded the money and got a reward of 10 sol. After he refunded Sol, Lucky, who identified himself as Femi Akinola from Oyo state, [&hellip;]
- [Pixelverse (PixelTap) Telegram Tap-to-earn Mini app](https://diutocoinnews.com/2024/06/pixelverse-pixeltap-telegram-tap-to-earn-mini-app/): What is Pixelverse (PIXFI)? PixelTap from Pixelverse is a telegram mini app game in a cyberpunk universe that let&#8217;s you earn a share of an upcoming token airdrop by tapping on screen to raise a robot pet for a combat. It is one of of the rising games in the wake of Notcoin and Hamster Kombat.&nbsp; Players can accumulate in-game coins and then take their robot pets into combat. Tagged as a “tap-to-earn” game, PixelTap is gaining steam ahead of the project’s PIXFI token launch, which is expected to be airdropped to PixelTap players in June, 2024 ahead of the TGE [&hellip;]
- [Hamster Kombat (HMSTR): The Viral Telegram Mini App Crypto Game.](https://diutocoinnews.com/2024/06/hamster-kombat-hmstr-the-viral-telegram-mini-app-crypto-game/): What is Hamster Kombat (HMSTR)? Hamster Kombat (HMSTR) is an engaging Telegram-based mini app crypto game where players take on the role of a CEO running a virtual cryptocurrency exchange. The aim of the tap-to-earn game is to level up from being a humble &#8220;shaved hamster&#8221; to the prestigious &#8220;grandmaster CEO&#8221; of a tier-1 exchange by simply tapping on your screen to earn in-game currency known as Hamster Coins. Who Created Hamster Kombat (HMSTR)? The creators of Hamster Kombat is anonymous. The anonymous tap-to-earn game has gained a widespread attention, indicating a strong backing and community support.&nbsp; What VCs Back Hamster [&hellip;]
- [Zimbabwe seeks input from crypto firms on its virtual asset regulation guidelines.](https://diutocoinnews.com/2024/06/zimbabwe-seeks-input-from-crypto-firms-on-its-virtual-asset-regulation-guidelines/): Zimbabwe is looking to develop robust regulation guidelines for virtual assets and is looking for inputs from crypto businesses. The Zimbabwean government is currently developing regulations for its cryptocurrency industry. The government seeks input from digital assets service providers both within Zimbabwe and internationally. According to a report published in The Zimbabwe Mail, the government has established a committee to gather information from crypto businesses offering services in Zimbabwe.  Read Also: Zimbabwe central bank faces new difficulties with the new currency. The government has set a June 26 deadline for comments. Nick Mangwana, the Permanent Secretary for Information and Publicity, stated [&hellip;]
- [BlackRock’s $400 million iShares ETF to exit Nigeria](https://diutocoinnews.com/2024/06/blackrocks-400-million-ishares-etf-to-exit-nigeria/): BlackRock, the world’s largest Bitcoin ETF (IBIT Fund) asset manager, will close iShares Frontier, a $400 million ETF that invests in frontier and select emerging markets equities, including Nigeria and Kenya. BlackRock joins other foreign investors exiting the Nigerian macroeconomic environment. The continued exit is blamed on a tough macroeconomic environment that has affected firms like Microsoft, etc.&nbsp; “The Board of Directors of the Company approved a proposal to liquidate the fund. In light of persistent liquidity challenges in certain frontier markets, including among other things, delays or limits on repatriation of local currency, the board determined that it is in [&hellip;]
- [Zimbabwe central bank faces new difficulties with the new currency. ](https://diutocoinnews.com/2024/06/zimbabwe-central-bank-faces-new-difficulties-with-the-new-currency/): The new currency, an extension of the government’s gold-backed token, has recently faced some difficulties locally while performing well on the foreign exchange. Zimbabwe Gold (ZiG), the new currency that evolved from a gold-backed token. The reserve bank of Zimbabwe has announced new steps to combat the black market for the currency and improve its usability. The Reserve Bank of Zimbabwe has appealed directly to the public via its X account, encouraging people to report unathorized foreign exchange dealers, businesses, or individuals who refuse to accept the new currency.  According to Bloomberg, the ZiG has gained 1.9% against the United States [&hellip;]
- [CoinEx Celebrates Bitcoin Pizza Day with "One Bite of Bitcoin" Campaign](https://diutocoinnews.com/2024/05/coinex-celebrates-bitcoin-pizza-day-with-one-bite-of-bitcoin-campaign/): CoinEx is launching the &#8220;One Bite of Bitcoin&#8221; campaign on Bitcoin Pizza Day, inviting the global crypto community to celebrate and experience the festive vibe. Bitcoin Pizza Day is a celebration on May 22nd every year, commemorating the historic event when Laszlo Hanyecz exchanged 10,000 BTC for two pizzas on May 22nd, 2010, symbolising a significant turning point in the practical application of Bitcoin. As a celebration, &#8220;One Bite of Bitcoin&#8221; will be held both online and offline, with the following events:&nbsp; One Line to Bitcoin: Participants are invited to craft slogans that encapsulate their perspectives on the prospects of Bitcoin [&hellip;]
- [Landmark Exchange Auction: CoinEx "Epic Sat" Now in Progress](https://diutocoinnews.com/2024/04/landmark-exchange-auction-coinex-epic-sat-now-in-progress/): The fourth &#8220;epic sat,&#8221; mined earlier by ViaBTC, the third-largest mining pool in the world, is currently undergoing auction on the cryptocurrency exchange CoinEx. As the first-ever public auction of “epic sat” on an exchange, the auction commenced on April 23 at 00:00 (UTC+8). CoinEx users can place their bids instantly upon accessing the auction page, with a minimum bid of 1 BTC.&nbsp; The auction will conclude on April 26 at 00:00 (UTC+8), and the highest bidder will have the opportunity to acquire this rare “epic sat” token. To participate in the auction, participants will need to have sufficient funds in [&hellip;]
- [Bitcoin Blasts Past $105,000, Setting New Record High](https://diutocoinnews.com/2024/12/bitcoin-blasts-past-105000-setting-new-record-high/): On December 15, 2024, Bitcoin’s price rose above $105,000, reaching a high of $105,149. This marked a 4% increase in a single day, showing strong performance in the cryptocurrency market. Bitcoin’s Market Cap Grows Bitcoin’s market capitalization (the total value of all Bitcoin) is now $2.07 trillion, making it the seventh most valuable asset in the world, just behind Google, which has a $2.332 trillion market cap. Bitcoin’s daily trading volume also hit $70.27 billion, reflecting high investor activity and liquidity. Those betting against Bitcoin (short sellers) lost over $44 million as the price surged unexpectedly. This “liquidation” happened because short [&hellip;]
- [Nigeria’s Inflation Rises to 34.60% in November 2024](https://diutocoinnews.com/2024/12/nigerias-inflation-rises-to-34-60-in-november-2024/): Headline inflation in Nigeria  rose from 33.88% in October to 34.60% in November 2024, according to the National Bureau of Statistics (NBS). Year-on-year, inflation increased by 6.40%, reflecting rising costs of goods and services. Urban Inflation: 37.10% (Year-on-Year), 2.77% (Month-on-Month). Rural Inflation: 32.27% (Year-on-Year), 2.51% (Month-on-Month). Food Inflation Hits 39.93% Driven by higher prices of yam, maize, rice, palm oil, and other staples, food inflation rose to 39.93% (Year-on-Year), additionally smashing 2.98%, Month-on-month, with states like Sokoto (51.30%) and Yobe (49.69%) recording the highest rates. Core Inflation at 28.75% Excluding volatile items and driven by rising costs in transportation, accommodation, and [&hellip;]
- [EFCC Arrests 792 in Cryptocurrency and Romance Scam Raid](https://diutocoinnews.com/2024/12/efcc-arrests-792-in-cryptocurrency-and-romance-scam-raid/): The Economic and Financial Crimes Commission (EFCC) has arrested 792 suspects for involvement in cryptocurrency fraud and romance scams, following a raid on December 10, 2024, at the seven-story Big Leaf Building on Oyin Jolayemi Street, Victoria Island, Lagos. EFCC’s Director of Public Affairs, Wilson Uwujaren, revealed that the operation was based on months of surveillance and actionable intelligence and those arrested included 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian, and several Nigerians. The syndicate used the building, equipped with high-end computers, to train Nigerians in impersonating foreign women and targeting global victims, directing them to the fraudulent [&hellip;]
- [Socrates Event Ignites Web3 Education and Innovation at Uyo University](https://diutocoinnews.com/2024/12/socrates-event-ignites-web3-education-and-innovation-uyo-university/): On November 22, 2024, the Socrates event held in Uyo, Akwa Ibom, brought together over 500 students, educators, and blockchain enthusiasts to explore the transformative potential of Web3 technologies. The event effectively merged education with competitive inter-university debates, aiming to promote awareness of blockchain, decentralized systems, and their applications in the evolving tech landscape. Participants engaged in a range of educational sessions covering fundamental concepts of blockchain, DeFi, and NFTs, facilitated by industry experts. Attendees gained insights into the practical applications of these technologies, embracing the future of finance and innovation. CoinEx, a leading cryptocurrency trading platform and event sponsor, played [&hellip;]
- [Blackrock analysts want allocation of 2% of portfolios to Bitcoin ](https://diutocoinnews.com/2024/12/blackrock-analysts-want-allocation-of-2-of-portfolios-to-bitcoin/): Analysts at BlackRock, one of the largest asset managers in the world, recommend that investors allocate 1% to 2% of their traditional investment portfolios (e.g., a 60/40 stock-to-bond portfolio) to Bitcoin. BlackRock’s Interest in Cryptocurrency BlackRock is among 12 asset managers now offering spot Bitcoin Exchange-Traded Funds (ETFs). The company sees a promising future for cryptocurrency, emphasizing that market conditions are becoming favorable for Bitcoin and the crypto industry as a whole. Now, BlackRock issued a report giving investors detailed advice on including Bitcoin in their portfolios. They suggest allocating 1% to 2%, particularly in the commonly used 60/40 portfolio model [&hellip;]
- [Highlights of the Web3 Developer Ecosystem in 2024](https://diutocoinnews.com/2024/12/highlights-of-the-web3-developer-ecosystem-in-2024/): Developer Growth Despite a 7% YoY decline, a 39% annualized growth was seen since 2015, amounting to 23,613 monthly active developers Established developers grew by 27% and now contribute 70% of code commits. Global Trends North America drops to 3rd, Asia leads in developer share Despite loosing developers annually since 2015, the U.S. remains top (19% share) India onboarded the most new developers; Africa saw a 6% increase. New Developers 39,148 new developers explored crypto in 2024. Solana overtook Ethereum as the top choice for new devs. Internet Computer, Aptos, Bitcoin, NEAR, Polkadot, Starknet, and others also attracted significant new contributors. [&hellip;]
- [President Tinubu's Early Support for Cryptocurrency](https://diutocoinnews.com/2024/12/president-tinubus-support-for-cryptocurrency/): Citing his appointment as evidence of the president’s belief in the industry, Emomotimi Agama, SEC DG, revealed that President Bola Ahmed Tinubu endorsed cryptocurrency long before Donald Trump did. Speaking at the African Financial Industry Summit in Casablanca, Mr. Agama stated, &#8220;Even before President Trump started thinking about that, our own dear president has already thought about it.&#8221; Advancing Financial Systems Speaking at the summit, Mr. Agama emphasized the importance of integrating African financial systems to serve all Africans seamlessly. Cryptocurrency Regulation in Nigeria Regulatory Incubation Programs has been launched by the SEC to oversee crypto exchanges and manage risks, with [&hellip;]
- [Binance and Circle Announce Strategic Partnership to Advance Global Crypto Adoption](https://diutocoinnews.com/2024/12/binance-and-circle-announce-strategic-partnership-to-advance-global-crypto-adoption-3/): Binance and Circle, two major players in the cryptocurrency world, have formed a partnership. Their goal is to increase the use of USD Coin (USDC), a stablecoin, and promote digital assets globally. This announcement was made during Abu Dhabi Finance Week. Details of the Partnership The partnership combines Circle&#8217;s trusted and compliant USDC with Binance&#8217;s global platform for digital assets. Together, they aim to boost the use and growth of USDC worldwide. Binance plans to make USDC more accessible across its products and services. This means 240 million Binance users worldwide will be able to use USDC for trading, saving, and [&hellip;]
- [Cryptocurrency Adoption in Nigeria and South Africa](https://diutocoinnews.com/2024/12/cryptocurrency-adoption-in-nigeria-and-south-africa/): A recent research by ConsenSys and YouGov reveals the behavior, adoption patterns, and hurdles surrounding cryptocurrencies and Web3 technologies in Nigeria and South Africa. Nigeria: &#8211; 99% awareness of cryptocurrencies&#8211; 73% have purchased cryptocurrencies&#8211; 42% currently own digital assets&#8211; 93% plan to invest in cryptocurrencies in the next 12 months South Africa: &#8211; 97% awareness of cryptocurrencies&#8211; 68% have purchased cryptocurrencies&#8211; 22% currently own digital assets&#8211; 47% associate cryptocurrencies with &#8220;the future of money&#8221; Key Takeaways: 1. Education is critical for building trust and fostering adoption.2. Regulation can help mitigate concerns about scams and volatility.3. Localised solutions are key to addressing [&hellip;]
- [CoinEx Facilitates Crypto Purchases for Global Users with Diversified Fiat On/Off-Ramp Services](https://diutocoinnews.com/2024/12/coinex-facilitates-crypto-purchases-for-users-with-diversified-fiat-on-off-ramp-services/): As a leading global cryptocurrency exchange, CoinEx has upheld the core philosophy of “user-first” since its establishment in 2017. It continually innovates and optimizes its fiat currency on/off-ramp services to provide more convenient and diverse trading options for users worldwide. In terms of fiat currency on/off-ramp services, CoinEx is committed to offering users an efficient, convenient, and low-barrier fiat trading experience, enabling both beginners and experienced traders to purchase cryptocurrencies easily through the platform’s diverse options. To meet the needs of different users, CoinEx supports two fiat trading models: P2P (peer-to-peer) and B2C (business-to-customer), offering flexible solutions to address the varied [&hellip;]
- [Solana Unveils First AI Hackathon With Over $185,000 in Cash Prizes](https://diutocoinnews.com/2024/12/solana-unveils-first-ai-hackathon-with-over-185000-in-cash-prizes/): Solana is hosting its first AI hackathon to combine artificial intelligence and blockchain technology. The event has more than $185,000 in cash prizes to encourage developers worldwide to create AI applications on the Solana blockchain. Details of the Hackathon Solana announced this hackathon on its X (formerly Twitter) account. The hackathon is powered by Send AI and includes six specific focus areas or &#8220;tracks&#8221; related to AI agents. The main track, sponsored by ai16z and the Solana Foundation, challenges developers to create the best AI agent product. The top three winners will receive cash prizes of $30,000, $20,000, and $10,000. The [&hellip;]
- [Tax Reforms In Nigeria](https://diutocoinnews.com/2024/12/tax-reforms-in-nigeria/): SBM Intelligence’s recent survey reveals mixed feelings among Nigerians about the proposed tax reform bills. While some see the bills as an avenue to simplify Nigeria&#8217;s tax system and bolster economic growth, others are concerned about the potential impact on their livelihoods. Key Concerns: VAT Increase Netizens are worried about the proposed gradual increase in Value Added Tax (VAT) from 7.5% to 15% by 2027, fearing this could lead to higher prices for goods and services. Northern States&#8217; Concerns Some respondents from Northern states are concerned that the bills could lead to a loss of revenue for their states, particularly with [&hellip;]
- [NGX Targets Gen Z and Millennials with Asset Tokenization](https://diutocoinnews.com/2024/12/ngx-targets-gen-z-and-millennials-with-asset-tokenization-2/): Speaking at the 2024 Investor Summit &amp; Awards Dinner, NGX CEO Jude Chiemeka emphasized the need for innovation to meet the preferences of Gen Zs and Millennials, who seek opportunities beyond traditional assets, hence, the Nigerian Exchange Limited (NGX) plans to attract younger investors by tokenizing Nigerian assets, offering higher returns, and introducing blockchain-like solutions. He noted expanding retail trading activity, with $7 million in daily transactions, and detailed strategies to improve liquidity, including market-making, securities lending, and derivatives trading. With the All-Share Index (ASI) rising to 34.38% year-to-date, signaling resilience and investor confidence, the NGX aims to modernize Nigeria’s market [&hellip;]
- [Microsoft shareholders vote ‘no’ to Bitcoin reserve](https://diutocoinnews.com/2024/12/microsoft-shareholders-vote-no-to-bitcoin-reserve/): Microsoft shareholders made a decision not to approve the suggestion to add Bitcoin to the company’s balance sheets during their annual meeting on December 10. Details of this Decision The original idea was proposed by The National Center for Public Policy Research (NCPPR), a group that supports free-market policies. They believed it would be a smart way for Microsoft to diversify profits and increase shareholder value. Now, The NCPPR submitted a pre-recorded video during the shareholder meeting. The video argued that Bitcoin is the next big technology wave, and Microsoft should not miss out. They used charts and data to explain [&hellip;]
- [Microstrategy's Bitcoin Holdings Hit 423,650 After $2.1 Billion Purchase](https://diutocoinnews.com/2024/12/microstrategys-bitcoin-holdings-hit-423650-after-2-1-billion-purchase/): Microstrategy, a software intelligence company, now owns 423,650 bitcoins, valued at $25.6 billion. The company recently purchased 21,550 additional bitcoins, emphasizing its strong belief in bitcoin’s potential to transform how assets are managed. Details of the Recent Bitcoin Purchase Between Dec. 2 and Dec. 8, Microstrategy acquired 21,550 bitcoins for $2.1 billion, averaging $98,783 per bitcoin. This purchase was funded by selling $2.13 billion worth of company stock, in line with their plan to raise funds through share sales. Michael Saylor, Microstrategy’s co-founder and executive chairman, announced this on social media, that the company now holds 423,650 bitcoins at an average [&hellip;]
- [Utility Tokens vs. Memecoins: What Sets Them Apart](https://diutocoinnews.com/2024/12/utility-tokens-vs-memecoins-what-sets-them-apart/): Memecoins, unlike utility tokens, lack real-world use, relying on community-driven hype and volatility and overtime, the value of a cryptocurrency has been seen to  lie in its utility—how it benefits holders both within and beyond its ecosystem. Memecoins: A Divisive Trend While some praise memecoins as fun alternatives to utility tokens, critics argue they trivialize cryptocurrency and distract from meaningful projects. Former Binance CEO, Changpeng Zhao (CZ), tweeted: &#8220;I am not against memes, but meme coins are getting &#8216;a little&#8217; weird now. Let’s build real applications using blockchain.&#8221; What Are Utility Tokens? Utility tokens serve particular use cases, often tied to [&hellip;]
- [Hong Kong Considers Bill to Regulate Stablecoins](https://diutocoinnews.com/2024/12/hong-kong-considers-bill-to-regulate-stablecoins/): Hong Kong plans to introduce new rules to regulate stablecoins (a type of cryptocurrency tied to real-world currencies like the US dollar). These rules, called the “Stablecoin Regulatory Framework,” will be submitted to lawmakers on Dec. 18, 2024 for review. This is a big step in managing the stablecoin market. Regulations The framework shows Hong Kong’s effort to balance innovation (encouraging crypto development) with protecting users. It aims to: 1. Build a strong legal system for virtual assets. 2. Prevent risks to the financial system caused by stablecoins. 3. Provide security for users. 4. Take advantage of the benefits of crypto [&hellip;]
- [Naira Gains Against Euro Amid Market Reforms](https://diutocoinnews.com/2024/12/naira-gains-against-euro-amid-market-reforms/): Driven by reforms in Nigeria’s forex market and political instability in Europe,the Nigerian naira strengthened against the euro in the parallel market, dropping the exchange rate from N1,852/€ on December 2, 2024, to N1,690/€. Key Drivers: 1. Forex Market Reforms: transparency and efficiency has been improved by the introduction of the Electronic Foreign Exchange Matching System (EFEMS) by the CBN. Omolara Duke, CBN’s Financial Markets Director, called the Bloomberg BMatch platform a &#8220;revolutionary tool&#8221; for seamless trading. 2. European Political Unrest: A no-confidence vote against French Prime Minister Michel Barnier, stemming from unpopular tax and spending cuts, coupled with external pressures, [&hellip;]
- [Naira Strengthens Amid New CBN FX Platform Launch](https://diutocoinnews.com/2024/12/naira-strengthens-amid-new-cbn-fx-platform-launch/): Following the launch of the Electronic Foreign Exchange Matching System (EFEMS) by the Central Bank of Nigeria (CBN) to enhance transparency and efficiency in the FX market last week, the Naira appreciated sharply. Official Market: Naira rose from ₦1,663/$ on Monday, 2nd of Dec, 2024, to ₦1,537/$ on Friday the 6th of December, 2024, a ₦126/$ gain. Parallel Market: It peaked at ₦1,530/$ on Saturday, 7th of Dec. 2024, before settling at ₦1,580/$ on Sunday, 8th of December, 2024 in Lagos. What EFEMS Does EFEMS basically facilitates real-time matching of buy and sell orders, ensuring faster execution and transparency. Omolara Duke, [&hellip;]
- [Naira Trades Below ₦2000](https://diutocoinnews.com/2024/12/naira-trades-below-%e2%82%a62000/): For the first time in five months, the Nigerian naira improved significantly in the currency market, trading below N2,000 per British pound (£). Naira’s Performance At the start of the week, the naira was trading at N2,225/£1 but strengthened to N1,980/£1 by the weekend, gaining N245 in value within just one week. On Saturday morning, 6th of Dec., 2024, the black market rate for the pound stood at N1,980, reflecting better conditions in Nigeria’s foreign exchange market. Now, Nigeria&#8217;s currency market has been in trouble due to low oil production, irresponsible government spending, weak exports, people hoarding foreign currency, and speculative [&hellip;]
- [Nigeria’s Fintech Sector Thrives Amid Challenges](https://diutocoinnews.com/2024/12/nigerias-fintech-sector-thrives-amid-challenges/): Kenya overtook Nigeria as Africa&#8217;s top destination for startup funding, attracting $800 million compared to Nigeria&#8217;s $410 million, in 2023, and by mid-2024, Kenyan startups led again with $244 million, while Nigeria followed with $172 million. Nevertheless, Nigeria&#8217;s fintech sector bolstered, securing $2 billion in 2024 and contributing 18.9% to GDP, driven by mobile banking, digital lending, and e-commerce. Furthermore, the ICT sector’s share of GDP grew from 17.89% in early 2024 to 19.78% by year-end, with 5G and expanding internet access expected to boost growth by 8-10% in 2025. On the other hand, infrastructure gaps, regulatory hurdles, and low purchasing [&hellip;]
- [Nigeria Raises US$2.2 Bn as Eurobond Oversubscribed by 300%](https://diutocoinnews.com/2024/12/nigeria-raises-us2-2-bn-as-eurobond-oversubscribed-by-300/): Nigeria has raised $2.2 billion by selling Eurobonds (a type of international loan). The country wanted to borrow $2.2 billion but received offers worth $9 billion, meaning investors wanted to lend much more than Nigeria needed (over 300% more). This money is to help Nigeria cover its budget shortfall. Details of the Raise The bonds (loans) were split into two types: A 6.5-year bond with an interest rate of 9.625%.A 10-year bond with an interest rate of 10.375%.These bonds will be repaid in 2031 and 2034. Nigeria hasn’t borrowed this way since 2022, and the funds will help reduce the gap [&hellip;]
- [Bitcoin Price Hits $100k For First Time In History](https://diutocoinnews.com/2024/12/bitcoin-price-hits-100k-for-first-time-in-history/): Bitcoin, the most well-known cryptocurrency, reached a price of $100,000 for the first time ever on December 5. This is a big moment for the cryptocurrency market, especially since Bitcoin&#8217;s price has been growing significantly over the past year. On November 12, 2024, Bitcoin had just reached $90,000 and less than a month later, it crossed $100,000, showing how fast its price is rising. Early on December 5, same year, Bitcoin set a new record price of $104,000, just 90 minutes after hitting $100,000. Details of Bitcoin’s Growth Bitcoin&#8217;s growth this year has been supported by several factors: 1. Large Investments: [&hellip;]
- [Binance leads crypto exchanges in Bitcoin deposits in 2024](https://diutocoinnews.com/2024/12/binance-leads-crypto-exchanges-in-bitcoin-deposits-2024/): Cryptocurrency exchanges have experienced a sharp rise in average deposits in 2024, primarily driven by larger transactions from professional and corporate investors. A Dec. 3 analysis by CryptoQuant highlights Binance as leading the growth, with an increase of 2.77 Bitcoin (BTC) in its average daily deposits. Other exchanges like Kraken and Coinbase also saw growth but at smaller rates of 0.56 BTC and 0.41 BTC, respectively. General Market Trends The average size of Bitcoin deposits across exchanges has risen significantly, from 0.36 BTC in 2023 to 1.65 BTC. Similarly, deposits in Tether (USDt), a stablecoin often used in crypto transactions, skyrocketed [&hellip;]
- [10 Million Users: Decoding How CoinEx Became the Go-To Platform in the Crypto Market](https://diutocoinnews.com/2024/12/10-million-users-how-coinex-became-the-go-to-platform-in-the-crypto-market/): Recent studies suggest a growing interest in the crypto sector in the last few months, which can be tagged to the high demand of Bitcoin ETF &#8211; Bitcoin Exchange-traded Fund and the recent uprise in the trading of memecoin. Exchanges in the crypto space have started to rapidly list performing memecoins. CoinEx, a popular crypto exchange which has surpassed 10 million registered users worldwide, boasts as the go-to exchange for most traders in trading their crypto assets and trending tokens. The 10M user milestone marks a significant challenge, not just for the platform itself but for the entire cryptocurrency industry.&nbsp; For [&hellip;]
- [Transforming Financial Inclusion in Africa Via Blockchain Technology](https://diutocoinnews.com/2024/12/transforming-financial-inclusion-in-africa-via-blockchain-technology/): Over the past decade, financial inclusion in sub-Saharan Africa has made significant progress as in 2011, only a small percentage of adults in the region had access to a bank account, however, today, more than 49% of adults have one. Leading the way are Mauritius (91%), South Africa (85%), and Kenya (79%). The World Bank highlights that mobile money has been a game-changer, helping more people access financial services, and the trend is only growing stronger as digital services continue to evolve. How Crypto and Blockchain Are Driving Change Findings from MDPI research states that cryptocurrencies offer mechanisms to address challenges [&hellip;]
- [Nigeria issues two Eurobonds with yields over 10% to address 2024 budget deficit ](https://diutocoinnews.com/2024/12/nigeria-issues-two-eurobonds-with-yields-over-10/): Nigeria is returning to the international capital markets for the first time in over two years and plans to sell Eurobonds to help fund its 2024 budget deficit. Details of the Eurobond Offering  Nigeria will issue two types of bonds: These bonds allow Nigeria to borrow money from investors who will earn returns through the bond yields. Now, this is Nigeria’s first time issuing Eurobonds since March 2022. The bonds will be denominated in U.S. dollars with semi-annual coupons, and would follow a 144A/Reg S format—a structure that allows both U.S. and international investors to participate. Bond Settlement  The bonds will [&hellip;]
- [December 2024 Subscription for FGN Savings Bonds Open](https://diutocoinnews.com/2024/12/december-2024-subscription-for-fgn-savings-bonds-open/): Through the Debt Management Office (DMO), the Federal Government of Nigeria, invites individuals and institutions to invest in December’s Federal Government Savings Bonds from December 2 to December 6, 2024. Bond Options: Two-Year Bond: Matures December 11, 2026, with 17.483% interest. Three-Year Bond: Matures December 11, 2027, with 18.483% interest. Investment Details: Price per unit: N1,000Minimum investment: N5,000Maximum investment: N50 millionPayment settlement: December 11, 2024Quarterly interest payments: Starting March 11, 2025 Higher Interest Rates The current 18.483% rate marks a surge from December 2023’s 13.28%, driven by the Central Bank of Nigeria’s interest rate hikes to combat inflation and stabilize the [&hellip;]
- [DMM Bitcoin to Shut Down After $305M Hack](https://diutocoinnews.com/2024/12/dmm-bitcoin-to-shut-down-after-305m-hack/): Japanese cryptocurrency exchange, DMM Bitcoin, has announced it will shut down in March, 2025. Its customers&#8217; accounts and assets will be transferred to another platform called SBI VC Trade. The decision to shut down was made because DMM Bitcoin was hacked in May and the hackers stole 4,502.9 bitcoins, which were worth about $305 million at the time of the hack. After the hack, DMM Bitcoin limited its services, such as stopping withdrawals and not allowing customers to buy crypto. However, the company realized that keeping things this way was causing problems for its customers, so it decided to close. They [&hellip;]
- [BRICS and Trump Debate on U.S. Dollar Dominance](https://diutocoinnews.com/2024/12/brics-and-trump-debate-on-u-s-dollar-dominance/): Formed in 2009 to challenge U.S. global dominance, BRICS expanded in 2023 with six new members, including Saudi Arabia and the UAE. During the BRICS summit in Kazan in 2024, Nigeria joined as a partner, following a 189% surge in BRICS capital inflows to Nigeria. The bloc aims to reduce reliance on the U.S. dollar. Russia’s Call for De-Dollarization Russia’s Foreign Minister Sergey Lavrov called for global resistance to U.S. &#8220;hegemony,&#8221; advocating for a shift away from the dollar in trade. Trump’s Bold Response Recently re-elected U.S. President Donald Trump fiercely opposed BRICS&#8217; efforts, warning: 1. BRICS Currency: Countries supporting a [&hellip;]
- [XT Is Hacked for $1.7](https://diutocoinnews.com/2024/12/xt-is-hacked-for-1-7/): PeckShield, a blockchain security firm, has identified a theft on Cryptocurrency exchange XT.com, and $1.7 million worth of funds were stolen. Details of the Hack After stealing the funds, the hackers converted the stolen money to Ether (ETH) and transferred it to a new Ethereum wallet. XT.com acknowledged the incident via an X post, calling it an &#8220;abnormal transfer&#8221; from their wallet. They reassured users that this hack won’t affect them because the exchange keeps extra reserves—1.5 times the amount needed to cover user assets—ensuring their customers’ funds are safe.The post read, &#8220;Today, XT detected an abnormal transfer from our platform [&hellip;]
- [Introducing MemesAI: Where AI Meets Meme Culture on the Blockchain](https://diutocoinnews.com/2024/11/introducing-memesai-ai-meets-meme-culture-on-the-blockchain/): MemesAI is a meme token operating on the Solana blockchain, designed to integrate artificial intelligence with the popular culture of memes. Here are some key aspects of MemesAI. This article delves into the factors contributing to MemesAI&#8217;s rise, including current trends and endorsements from influential figures in the crypto community. As meme culture continues to intertwine with digital finance, understanding MemesAI&#8217;s unique position becomes essential for investors and enthusiasts alike. MemesAI is a meme token that leverages the power of artificial intelligence to create and share memes within a vibrant community. Its significance lies in its ability to combine humour with [&hellip;]
- [CyberCharge: Pioneering Decentralized Energy in the Web3 Era](https://diutocoinnews.com/2024/11/cybercharge-pioneering-decentralized-energy-in-web3-era/): In a world driven by connectivity, innovation, and sustainability, a revolution is brewing at the intersection of blockchain, AI, and consumer networks. Leading this charge is CyberCharge, a groundbreaking initiative set to redefine how we think about energy, infrastructure, and personal empowerment. With its imminent Genesis Pre-Sale, CyberCharge is bringing its Web3 Smart Charger to a global audience, marking the next chapter in the evolution of decentralized energy. The Dawn of a New Energy Narrative As technology reshapes industries at breakneck speed, the energy sector is no exception. Blockchain has already disrupted finance, art, and supply chains, but its potential to [&hellip;]
- [Hong Kong’s largest digital bank launches retail crypto trading](https://diutocoinnews.com/2024/11/hong-kongs-largest-digital-bank-launches-retail-crypto-trading/): Hong Kong’s biggest virtual bank, ZA Bank, has launched a service that lets regular people buy and sell Bitcoin (BTC) and Ethereum (ETH) using regular money (fiat currency). Requirements for Users According to a Nov. 25 statement, in order to use this service, you must: Be a Hong Kong resident. Have an account with ZA Bank. Complete a risk assessment to ensure you understand the potential risks of trading cryptocurrencies which is accessed through the bank&#8217;s app. Now, ZA Bank’s crypto service only supports the buying and selling of Bitcoin and Ethereum. No other cryptocurrencies are available at the moment. Collaboration [&hellip;]
- [Bitcoin and Crypto Trading Surge in South Africa After Trump’s Election Victory](https://diutocoinnews.com/2024/11/bitcoin-and-crypto-trading-surge-in-south-africa-after-trumps-election-victory/): Following Donald Trump’s victory in the 2024 U.S. presidential election a product of his promise to make the U.S. a &#8220;crypto hub&#8221;, the cryptocurrency world has been buzzing with optimism and this is driving significant growth in trading activity across South African cryptocurrency exchanges. Bitcoin Hits New Highs Bitcoin&#8217;s price has seen a remarkable rise, briefly touching R1.7 million (about $94,000) before settling at R1.63 million on November 18, 2024. This is nearly double its price from late October 2024 and represents a 30% increase from its previous all-time high of $71,000 in June 2024. As at the time of reporting, [&hellip;]
- [Top Crypto Apps for Nigerian Users](https://diutocoinnews.com/2024/11/top-crypto-apps-for-nigerian-users-2/): Nigeria leads Africa in cryptocurrency adoption and ranks as the second-largest crypto market globally. With its young population embracing digital assets for transactions and investments, the crypto industry in Nigeria is thriving despite challenges such as unclear regulations and infrastructure gaps. Recent regulatory actions have disrupted the market, including the suspension of Binance’s Peer-to-Peer (P2P) services in Nigeria and the exit of platforms like KuCoin and OKX. However, the licensing of local exchanges like Busha and Quidax by the Nigerian Securities and Exchange Commission (SEC) has set a positive tone for the future of crypto regulation in the country. Several crypto [&hellip;]
- [Nigeria’s New Crypto Bill Set to Clean Up the Industry](https://diutocoinnews.com/2024/11/nigerias-new-crypto-bill-set-to-clean-up-the-industry/): Nigeria has emerged as Africa’s leader in cryptocurrency adoption but struggles with a reputation for scams as many fraudsters, disguised as influencers and investment experts, have exploited unsuspecting citizens. Earlier this year, some Nigerian celebrities launched questionable cryptocurrency projects, often called &#8220;shitcoins,&#8221; that ended up defrauding investors of their hard-earned money. In order to tackle these issues, the Nigerian cryptocurrency community has expressed strong support for a new law proposed by the Nigerian Securities and Exchange Commission (SEC), the Investment and Securities Bill (ISB) 2024, which aims to crack down on Ponzi schemes and other illicit activities within the country’s financial [&hellip;]
- [Crypto Review, Africa](https://diutocoinnews.com/2024/11/crypto-review-africa/): African cryptocurrency space is buzzing with exciting developments from Kenya to Nigeria to South Africa. Here’s a look at this week’s most notable stories: Jack Dorsey Returns to Africa for Bitcoin Conference in Kenya Former Twitter CEO and billionaire entrepreneur, Jack Dorsey, is set to attend the 3rd Africa Bitcoin Conference in Nairobi, Kenya, from December 9 to 11 marking his second appearance at the conference, having previously participated in its inaugural edition in Accra, Ghana. He recognizes the event&#8217;s importance in spreading cryptocurrency awareness across the continent. Now a prominent crypto entrepreneur, Dorsey, spends his time supporting the Bitcoin ecosystem. [&hellip;]
- [COULD PRESIDENT TRUMP'S NEW PLAN REVOLUTIONIZE GOVERNANCE](https://diutocoinnews.com/2024/11/could-president-trumps-new-plan-revolutionize-governance/): Donald Trump has announced an ambitious initiative to tackle government inefficiency and wasteful spending involving the creation of  a new Department of Government Efficiency (D.O.G.E.), led by Elon Musk and entrepreneur Vivek Ramaswamy. This move has sparked debates worldwide, with some calling it a groundbreaking reform and others expressing skepticism about blending business principles with government operations. According to Trump, this department will aim to streamline government processes, cut unnecessary regulations, eliminate waste, and overhaul federal agencies to boost accountability and efficiency, quoting him:“They will work together to liberate our economy and make U.S. government accountable to the people.” What Is [&hellip;]
- [Nigeria's Debt-to-GDP Ratio Hits 55% in June 2024](https://diutocoinnews.com/2024/11/nigerias-debt-to-gdp-ratio-hits-55-in-june-2024/): Nigeria&#8217;s debt-to-GDP ratio ramped up to 55% by June 2024, a significant jump from 42.4% in December 2023 reflecting a combination of exchange rate depreciation and increased domestic borrowing at higher interest rates. The data comes from the Debt Management Office (DMO). Key Debt Figures External Debt: $42.9 billion Domestic Debt: ₦71.2 trillion Total Public Debt: ₦135.6 trillion (using the exchange rate of ₦1,505/$1 as of June 30, 2024) What is the Debt-to-GDP Ratio? The debt-to-GDP ratio, a critical indicator for assessing fiscal health, public investment capacity, and a country’s ability to access affordable financing, measures how much a country owes [&hellip;]
- [Crypto Transparency and Rising Security Risks](https://diutocoinnews.com/2024/11/crypto-transparency-and-rising-security-risks/): The transparency of cryptocurrencies, which allows anyone to view wallet balances, is increasingly putting high-profile crypto holders, founders, and influencers at risk as this visibility has been linked to several cases of abduction and ransom demands especially targeted at those with significant crypto holdings. A Growing Threat to Crypto Holders The dangers of publicly visible crypto wallets became evident in August when six Malaysian nationals were charged with kidnapping a Chinese national demanding a ransom of $1 million worth of the stablecoin Tether. Another tragic case involved Kevin Mirshahi, a well-known crypto influencer in Montreal, Canada who went missing in June, [&hellip;]
- [Kenya’s Journey with Cryptocurrency, What is the way forward?](https://diutocoinnews.com/2024/11/kenyas-journey-with-cryptocurrency-what-is-the-way-forward/): Digital currencies are making waves globally, in our present age, pushing countries to re-invent their policies, positioning themselves to harness the opportunities and tackle the challenges that come with them. Kenya, known for its tech-savvy population and digital-first economy, is at an interesting point in this unfolding events. In this article we will dive into Kenya’s current stance on cryptocurrency, comparing it with other countries like the U.S., Europe, Nigeria, and South Africa. Worldwide Efforts to Regulate Crypto Authorities are acting swiftly to navigate the evolving landscape of digital currencies around the world. In the United States, the Securities and Exchange [&hellip;]
- [A Growing Crypto Revolution in Ivory Coast](https://diutocoinnews.com/2024/11/a-growing-crypto-revolution-in-ivory-coast/): Cryptocurrency is steadily gaining traction in Ivory Coast, capturing the attention of investors and entrepreneurs alike. This article delves into the country’s journey with cryptocurrency, recent developments, and the regulatory environment shaping the future of digital currencies in the region. How It All Began: A Brief History Tech-savvy individuals and young entrepreneurs in Ivory Coast were among the first to explore cryptocurrencies like Bitcoin and Ethereum. Their interest stemmed from the potential for high returns, financial inclusion, and the decentralized nature of digital currencies. The rise of platforms like Binance, a global leader in cryptocurrency trading, further fueled this interest. In [&hellip;]
- [Forex Market Hits Record Turnover, CBN Steps In](https://diutocoinnews.com/2024/11/forex-market-hits-record-turnover-cbn-steps-in/): The Central Bank of Nigeria (CBN) has intensified its efforts to stabilize the exchange rate by injecting foreign currency into the official market to maintain liquidity. While this intervention provides short-term relief, the exchange rate remains sensitive to high demand pressures. Under Governor Cardoso, the CBN continues to play a crucial role in the market despite reducing its forex interventions. With foreign reserves climbing to $40 billion, the CBN has a critical buffer to support its stabilization efforts. However, growing demand for dollars could strain these reserves. To bolster liquidity, the government has announced plans to issue dollar-denominated bonds, which may [&hellip;]
- [All-Share Index Rises by 0.09%, Nigerian Stock Market Sees Modest Gain](https://diutocoinnews.com/2024/11/all-share-index-rises-by-0-09-nigerian-stock-market-sees-modest-gain/): On November 8, 2024,  the Nigerian All-Share Index (ASI) ended with a slight gain of 90.09 points, closing at 96,924.86. This 0.09% increase suggests stronger market activity and a possible recovery after dipping below the 97,000-point mark. Market Activity Surges With 628 million shares changing hands across 9,700 deals, trading volume jumped by 50.19%, a significant increase from the previous day’s 418 million shares. This drove market capitalization to N58.7 trillion, signaling renewed investor interest. Top Performers of the Day Several stocks recorded impressive gains: CONOIL: Rose by the maximum 10.00% to close at N236.50. ARADEL: Gained 10.00% to reach N441.20. [&hellip;]
- [Nigerian Court Convicts Two More Crypto Firms Over Unauthorized USDT-Naira Trading<br>](https://diutocoinnews.com/2024/11/nigerian-court-convicts-two-more-crypto-firms-over-unauthorized-usdt-naira-trading/): The Economic and Financial Crimes Commission (EFCC) continues its crackdown on unlicensed cryptocurrency trading in Nigeria. The Federal High Court in Abuja has convicted two companies—Egomsinachi Road Autos Limited and Chimera Log &amp; Haulage Services Limited—for conducting unauthorized transactions involving US Dollar Tether (USDT) and the Nigerian Naira without the required banking license. Background Several Nigerian crypto companies allegedly involved in illegal financial activities, such as manipulating Naira values and laundering money through unregistered cryptocurrency exchanges, are under investigation by the EFCC. Earlier cases involved Paparaxy Global Ventures Limited and Lemskin Technologies Limited, which refunded N160 million to the government after [&hellip;]
- [Crypto Whales Bet Big on Trump for the US Election](https://diutocoinnews.com/2024/11/crypto-whales-bet-big-on-trump-for-the-us-election/): As the United States was gearing up for the November 5 presidential election, a significant wave of crypto investors, known as “whales,” bet millions on a Trump victory in decentralized prediction markets. For high-stakes political wagers, these markets have become a popular space, where investors use cryptocurrency to place bets on political outcomes. A Few Large Players Bet on Trump On a leading decentralized prediction platform, Polymarket, over half of the “Yes” votes for a Trump win were controlled by just five major investors, also called “whales.” According to Domer, a well-known pseudonymous political bettor, these whales were believed to have [&hellip;]
- [Amid U.S. Election Frenzy, Bitcoin Reaches New All-Time High](https://diutocoinnews.com/2024/11/amid-u-s-election-frenzy-bitcoin-reaches-new-all-time-high/): The world’s largest cryptocurrency, Bitcoin, has reached a new all-time high of $75,000 as U.S. election results roll in. This significant milestone follows months of Bitcoin fluctuating between $50,000 and $60,000, even after the recent halving event and Bitcoin ETF launches. Breaking past its previous record of $73,737, set in March 2024, this new high was achieved as early exit polls showed former President Donald Trump leading in his bid to reclaim the presidency. Bitcoin Surges as Trump Leads in the Polls The dramatic surge in Bitcoin’s price appears to be driven largely by speculation within the crypto community and prediction [&hellip;]
- [Memecoins Surge as US Election Day Approaches](https://diutocoinnews.com/2024/11/memecoins-surge-as-us-election-day-approaches/): Memecoins, a fun and often unpredictable category of cryptocurrency themed around internet memes or popular figures, usually gain value from community support rather than practical use. This makes them highly volatile. Recently, as the United States approached election day, memecoins saw a significant price surge. Experts caution, however, that people should only invest money they’re willing to lose. Here’s a breakdown of what happened with memecoins and the wider crypto market before election day: Memecoin Market Hits New Highs Between November 4th and 5th, the total market value of memecoins surged by 4.3%, reaching $62.3 billion. According to CoinGecko, a trusted [&hellip;]
- [Nigerian Government Launches 3M Technical Talent Program](https://diutocoinnews.com/2024/11/nigerian-govt-3-million-technical-talent-program/): As part of the &#8220;Renewed Hope&#8221; agenda, The Nigerian government has launched a major program to boost technical skills nationwide known as the 3 Million Technical Talent (3MTT) initiative, which aims to develop a robust technical talent pool that can strengthen Nigeria&#8217;s digital economy and position the country as a global talent exporter. According to Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, each phase of the 3MTT program will be carried out with support from government agencies, educational institutions, development partners, and private-sector companies as the program which started with 30,000 Nigerians making up 1% of the 3 [&hellip;]
- [Key Highlights: Bitcoin Hits $73,000 for the First Time Since June ](https://diutocoinnews.com/2024/10/bitcoin-hits-73000-for-first-time-since-june/): Bitcoin&#8217;s price hit $73,000 again, a significant attainment because it hasn’t reached this level in over four months. The daily trading volume (the amount of Bitcoin traded in a single day) also saw a big increase—up by about 135% from the previous day, based on CoinMarketCap data. These figures signal a renewed interest and activity around Bitcoin. Factors Behind the New Record&nbsp; This is the second time in history that Bitcoin has reached $73,000. Earlier this year, Bitcoin set a new all-time high at this level. The current surge in its price is believed to be influenced by consistent investments into [&hellip;]
- [Nigeria External Reserves hits $40.2B ](https://diutocoinnews.com/2024/10/nigeria-external-reserves-hit-40-2b/): The Central Bank of Nigeria (CBN) announced that the country’s external reserves have risen to $40.2B as of October 18, 2024, a boost in reserves providing Nigeria with the ability to cover 14.5 months of imports for goods and services or 18 months for goods alone, as highlighted by Mr. Muhammed Abdullahi, CBN&#8217;s Deputy Governor for Economic Policy. Abdullahi also revealed that foreign exchange (FX) inflows reached $57B by August this year, coupled with capital importation nearly doubling, reaching $6.9B as of August 2024 compared to $3.9B for the entire year in 2023.&nbsp; CBN&#8217;s interventions in the FX market have decreased [&hellip;]
- [Nigeria is considering U.S. Diaspora Bond as CBN targets $1B monthly remittance ](https://diutocoinnews.com/2024/10/nigeria-is-considering-u-s-diaspora-bond-as-cbn-targets-1b-monthly-remittance/): Nigeria is considering launching a &#8220;diaspora bond&#8221; in the U.S. next year to capture some of the significant remittance inflows from Nigerians living abroad, which the Central Bank hopes could bring in $1 billion monthly.&nbsp; This idea was shared by Central Bank Governor Olayemi Cardoso during the IMF and World Bank meetings in Washington, D.C. This bond aims to engage the substantial Nigerian diaspora in the U.S., who have shown increased interest in investing in Nigeria since recent government reforms. Cardoso observed that Nigerians abroad are interested in investing in their home country beyond just financial contributions. Recent reforms have doubled [&hellip;]
- [Nigerian equities market on bullish run as market cap hits N29B](https://diutocoinnews.com/2024/10/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 the All-Share Index (ASI), which measures the performance of the market, increasing slightly by 0.05% to close at 98,944.42. This means the market is still moving upwards but at a slow pace. Market Capitalization and Trade Activity  The total market capitalization, which represents the overall value of all companies listed on the NGX, increased by N29B to reach N59.95T. However, both the trading volume (number of shares traded) and trading value (monetary value of trades) dropped sharply, almost causing the market to end negatively. Although the [&hellip;]
- [‘Uptober’, Tether’s USDT reaches $120B market capitalization](https://diutocoinnews.com/2024/10/uptober-tethers-usdt-reaches-120b-in-market-capitalization/): According to Tether&#8217;s website, which tracks updates and performance of their stablecoin, the USDT, in real time, the USDT for the first time ever has crossed the $120B market capitalization mark.  This happened on the 20th of October, indicating a potential rally in the cryptocurrency market. This reach could signal an inflow of money into Bitcoin and Ether, possibly ending their seven-month downtrend and supporting the &#8220;Uptober&#8221; narrative. Significance of Stablecoins  Now, Stablecoins, such as USDT, act as a bridge between traditional fiat currencies and digital assets. A rise in stablecoin supply often indicates that investors are preparing to buy cryptocurrencies, [&hellip;]
- [Tesla still owns $780M in Bitcoin despite recent transfers: Arkham Data](https://diutocoinnews.com/2024/10/tesla-still-owns-780m-bitcoin-despite-recent-transfers-arkham-data/): On Oct. 15, Tesla moved a large amount of Bitcoin valued at $780M, which raised concerns that it might sell henceforth causing a market dump.  However, Arkham, a blockchain analytics firm, suggests that Tesla still controls these assets despite the transfers. “We believe that the Tesla wallet movements that we reported last week were wallet rotations with the Bitcoin still owned by Tesla,” Arkham Intelligence said in an Oct. 22 X post. The Distribution of the Bitcoin On Oct. 15, Tesla split its 11,509 Bitcoin into seven different wallets. Each wallet received between 1,100 and 2,200 BTC, with two specific wallets [&hellip;]
- [Kraken plans to launch Ink blockchain for defi in early 2025](https://diutocoinnews.com/2024/10/kraken-plans-to-launch-ink-blockchain-for-defi-early-2025/): Kraken, one of the world’s oldest and largest cryptocurrency exchanges, announces plans to launch its own blockchain early next year.&nbsp; Ink, the new blockchain for defi, will make it easier for users to engage in decentralized finance (DeFi) by allowing people to trade, borrow, and lend cryptocurrencies without the need for middlemen. What is Ink? Ink will be a Layer-2 (L2) blockchain, meaning that it will be built on top of an existing blockchain (in this case, Ethereum). Additionally, it will be built using Optimism Stack. This framework will allow cheaper and more user-friendly user interaction with DeFi apps. Kraken’s Ink [&hellip;]
- [Why charges against Gambaryan was dropped.](https://diutocoinnews.com/2024/10/why-charges-against-gambaryan-dropped/): A lawyer representing Nigeria&#8217;s Economic and Financial Crimes Commission (EFCC) announced on Wednesday morning at the Federal High Court in Abuja said that the Nigerian government, under President Bola Tinubu, is dropping all criminal charges against Tigran Gambaryan. Gambaryan is an executive at Binance Holdings. Gambaryan had been facing money laundering charges and had been in detention since April. Gambaryan’s trial was postponed to October 25 because he was absent in court. This followed after the Nigeria Correctional Service (NCS) informed Justice Emeka Nwite that Gambaryan was critically ill and unable to attend during Friday’s hearing. Read Also: Binance Sets Conditions [&hellip;]
- [African Development Bank Secures $421M Loan from Japan](https://diutocoinnews.com/2024/10/african-development-bank-secures-421m-loan-japan/): In order to help the AfDB support development projects in Africa, the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA) have signed a major agreement for a loan of 51.67B Japanese Yen, about 421 million in US Dollars. Since 1973, Japan has been a key donor to the African Development Fund, which is the part of the AfDB that offers loans to African countries on favorable terms. In the first half of this year, in June, in a bid to increase their share in these institutions, Kenya pledged to invest US $100M in the AfDB, Afreximbank, and the [&hellip;]
- [Zanzibar creates blockchain sandbox to assist tech startups](https://diutocoinnews.com/2024/10/zanzibar-creates-blockchain-sandbox-assist-tech-startups/): Zanzibar has established a blockchain sandbox program called the National Blockchain Sandbox, which allows startups to experiment with innovative technologies before scaling them. It was developed by LedgerFi IT Solutions and is powered by the XinFin Powering XDC Network. Purpose and Benefits of the Sandbox The goal of the sandbox is to help startups test their technology solutions while positioning Zanzibar as a bedrock for innovation. The sandbox provides a safe environment with advanced security for experimenting within the National Blockchain Network. In the words of Seif Said, Director General of the e-Government Authority of Zanzibar, “The primary objective is to [&hellip;]
- [SIBAN reacts to clampdown on crypto dealers](https://diutocoinnews.com/2024/10/siban-reacts-to-clampdown-crypto-dealers/): The Federal High Court in Abuja was informed about a plea bargain agreement made between Paparaxy Global Ventures Limited, Lemskin Technologies Limited, and Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) last week.&nbsp; Following the companies’ admission of violating laws, including engaging in unlicensed financial transactions, details posit the court is expected to order the forfeiture of N160M, which the companies have agreed to refund to the federal government’s account. This happens to be a part of a larger investigation prompted by intelligence from the National Security Adviser, where the&nbsp; intelligence opined that several cryptocurrency exchange platforms were involved [&hellip;]
- [Vladimir encourages BRICS member countries to adopt cryptocurrency](https://diutocoinnews.com/2024/10/vladimir-encourages-brics-member-countries-adopt-cryptocurrency/): With its Digital Currency Electronic Payment (DCEP), also known as the e-CNY, a digital version of China&#8217;s currency created by the government and run by the Central Bank of China, China is leading the way in adopting digital currencies. The goal of DCEP is to provide a contemporary, secure, and efficient payment system for the country. At the same time, South Africa, the only African nation in the BRICS group (Brazil, Russia, India, China, and South Africa), has raised efforts to tax cryptocurrency transactions as a way to bolster government revenue. In order to reduce their reliance on the US dollar, [&hellip;]
- [South African bank restricts customers from sending funds to crypto exchanges](https://diutocoinnews.com/2024/10/south-african-bank-restricts-customers-from-sending-funds-crypto-exchanges/): Capitec, a major South African retail bank, has decided to stop customers from making EFT payments (bank transfers) and real-time payments (immediate transfers) to cryptocurrency exchanges. The bank says this is to protect its customers from fraud.&nbsp; The bank clarified its position, stating that they want to protect customers from potential fraud. In their words, “Capitec is committed to protecting our clients from fraud, which is why we made the decision to block EFTs and immediate real-time clearing payments to crypto exchanges on our app and business web interface.” However, Farzam Ehsani, CEO of VALR (a South African crypto exchange), responded [&hellip;]
- [Dangote is now worth $27.8B following the full operation of his refinery — Bloomberg Billionaires Index ](https://diutocoinnews.com/2024/10/dangote-worth-27-8b-following-the-full-operation-of-his-refinery-bloomberg-billionaires-index/): Now that his long-awaited oil refinery in Nigeria is finally running, Aliko Dangote, Africa’s richest man, is wealthier than ever.&nbsp; Located near Lagos, the Dangote Refinery which is the largest single-train oil refinery in the world can process various types of crude oil from around the globe, making it potentially able to largely impact Nigeria’s economy by making the country self-reliant for fuel.&nbsp; According to the Bloomberg Billionaires Index, following this establishment, Dangote’s net worth has more than doubled, reaching $27.8B.&nbsp; However, Dangote admits the process wasn’t easy. “I wouldn’t wish the experience on my worst enemy,” the 67-year-old said during [&hellip;]
- [Nigeria receives nearly $100,000 from unlicensed crypto service providers](https://diutocoinnews.com/2024/10/nigeria-receives-nearly-100000-unlicensed-crypto-service-providers/): The Nigerian government received nearly $100,000 (about NGN160M) from two cryptocurrency companies: Paparaxy Global Ventures Limited and Lemskin Technologies Limited who they accused of conducting illegal conversions of USDT (a cryptocurrency) to naira and vice versa because they didn’t have the necessary banking licenses to operate legally. The Plea Agreement&nbsp; After being accused by the Nigerian authorities of violating the law by lacking the proper banking licenses to conduct their operations, these two companies, Paparaxy Global Ventures Limited and Lemskin Technologies Limited entered a plea agreement with the Economic and Financial Crimes Commission (EFCC). The EFCC lawyer, Ogechi Ujam, who announced [&hellip;]
- [BlackRock pitches BUIDL for derivatives collateral to crypto exchanges](https://diutocoinnews.com/2024/10/blackrock-pitches-buidl-derivatives-collateral-crypto-exchanges/): BlackRock, a top Bitcoin ETF issuer, has made known its plan with Securitize to integrate its money-market digital token called BUIDL token—BlackRock USD Institutional Digital Liquidity Fund, into the top crypto derivatives trading exchanges.&nbsp; Push for BUIDL as Collateral BlackRock aims to have its BUIDL token, which represents a money-market fund, used as collateral in crypto derivatives trading platforms like Binance, OKX and Deribit. This would expand BUIDL’s competition with stablecoins like Tether&#8217;s USDT known to serve this purpose. According to CCData, over 70% of the total cryptocurrency trading volume in September came from derivatives (contracts based on the price of [&hellip;]
- [Nigeria plans widening the tax net to include cryptocurrency](https://diutocoinnews.com/2024/10/nigeria-plans-widening-the-tax-net-accommodate-cryptocurrency/): While addressing the House of Representatives Committees regarding the recent tax bills introduced by President Bola Tinubu, Zaccheus Adedeji, the Chairman of the Federal Inland Revenue Service (FIRS), explained that they are designed for tax emerging economic sectors like cryptocurrencies. Included in the new bill are the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill. Pointing out that the current laws do not have provisions for taxing gains from cryptocurrencies and other digital assets, Mr. Adedeji stated, “As we stand today, there is no law anywhere to actually [&hellip;]
- [South Africa Tax Agency wants crypto users to declare assets](https://diutocoinnews.com/2024/10/south-africa-tax-agency-wants-crypto-users-declare-assets/): A warning has been issued to anyone holding or trading cryptocurrencies in South Africa by the South African Revenue Service (SARS) to make sure to declare their digital assets when filing their tax returns.  Following the rise of South African digital currency holders to over 5.8 million, SARS is tightening the rules to ensure everyone is following tax laws. Consequently, SARS is working with the Financial Sector Conduct Authority and gathering data from local crypto exchanges in order to enforce this.  This move followed reports that SARS sent out notices to crypto traders, asking for details about their digital assets, including [&hellip;]
- [Kenya wants to monitor Crypto transactions in real-time with New Tax System ](https://diutocoinnews.com/2024/10/kenya-wants-monitor-crypto-transactions-in-real-time-with-new-tax-system/): The Kenya Revenue Authority (KRA) is planning to introduce a tax system that will monitor cryptocurrency transactions in real time.&nbsp; This initiative is part of the KRA’s strategy to improve its tax collection methods and increase revenue, focusing on the growing crypto industry in Kenya. The KRA aims to expand its tax revenue base by targeting crypto users in Kenya. Given the large number of crypto users in the country, the KRA sees this as an opportunity to generate significant revenue. Crypto User Base in Kenya Kenya has over 4M people involved in crypto, which is one of the highest user [&hellip;]
- [Tesla moves entire $765M Bitcoin holdings to unknown wallets](https://diutocoinnews.com/2024/10/tesla-moves-entire-765m-bitcoin-holdings-unknown-wallets/): After being inactive since June 17, 2022. Tesla&#8217;s Bitcoin Wallet records a sudden batch of transfers and activity going on.  The company transferred all of its Bitcoin (worth over $765 million) to various unknown wallets, and about 11,500 Bitcoin was moved through 26 different transactions, including small test transfers to ensure everything worked smoothly. These transfers occurred on October 15, and after the transactions, the wallet had a tiny amount of $6.68 left. There’s no sign that the Bitcoin has been sent to crypto exchanges, and Tesla has not publicly disclosed any plans to offload its crypto holdings. It’s also uncertain [&hellip;]
- [Inflation rate in Nigeria increases by 0.55% to 32.7% in a month](https://diutocoinnews.com/2024/10/inflation-rate-in-nigeria-increases-by-0-55-to-32-7-a-month/): The National Bureau of Statistics (NBS) has published data showing higher transportation costs and food prices, largely fueled by the petrol price hikes by NNPC in early September, the inflation increased to 32.70% in September, 2024, up from 32.15% in August, marking a 0.55% increase from the previous month.  Compared to last year, inflation surged by 5.98 percentage points, which is more than 26.72% recorded in September 2023. Additionally, prices increased by 2.52% in September, a faster increase than the 2.22% recorded in August, on a month-by-month basis. Food inflation rate increases Food inflation was recorded in products like local and [&hellip;]
- [New tax bills mandate finance workers to have tax id to operate bank accounts. ](https://diutocoinnews.com/2024/10/new-tax-bills-mandate-finance-workers-have-tax-id-operate-bank-accounts/): The federal government has proposed a new law that will require individuals in banking, insurance, and stockbrokers to provide a Tax Identification Number (TIN) before they can open a new account or continue operating an existing one. Purpose of the Bill The bill submitted by the executive to the National Assembly, aims to ensure tax compliance and increase the government&#8217;s revenue collection. Its full title describes its purpose: &#8220;A Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States, and Local Governments; Prescribe the Powers and Functions of Tax Authorities, [&hellip;]
- [Startup investors are more interested in detailed performance report — Wimbart Survey ](https://diutocoinnews.com/2024/10/startup-investors-are-more-interested-detailed-performance-report-wimbart-survey/): The recent survey from Wimbart highlights how investors and startup founders in Africa are focusing more on regular and detailed reporting in 2024, marking a significant shift from 2023, when only 70.8% of investors received regular updates from startups. As at this year, 29.4% of investors prioritized sustainability reporting, while 22.2% focused on financial reports. Damilola Teidi-Ayoola from Ventures Platform explained, “With climate tech investors on the rise on the continent, as well as ESG goals becoming more important to LPs, DFIs, and other large-scale funders, this is perhaps not surprising.” With about 33.3% saying that regular reports help ease their [&hellip;]
- [Vitalik Buterin donates another $1.6M worth of memecoins to charity](https://diutocoinnews.com/2024/10/vitalik-buterin-donates-another-1-6m-worth-memecoins-to-charity/): Co-founder of Ethereum, Vitalik Buterin, has been converting memecoins he receives into Ethereum (ETH) and donating the proceeds to charity.&nbsp; Recently, he promised to donate to charitable causes, another $1.6M worth of memecoins he converted into ETH. Spotonchain, a blockchain analytics firm, noted that the latest sale included $982,800 worth of Moo Deng (MOODENG), $231,000 of Monsterra (MSTR), $183,000 of a coin called ETHEREUM IS GOOD (EBULL) plus smaller amounts of other memecoins like Popcat (POPCAT), Fwog (FWOG), and a coin humorously named after himself, Vitalek Buteren (VITALIK). Read Also: South Korea recognizes cryptocurrency holdings as marital assets in divorce cases [&hellip;]
- [Steward emerges the richest black billionaire in America at $11.4B](https://diutocoinnews.com/2024/10/steward-emerges-the-richest-black-billionaire-in-america-11-4b/): According to Forbes’ 2024 list of the wealthiest Americans, David Steward, founder and chairman of World Wide Technology (WWT), has been declared the wealthiest Black person in America. Growth of Steward’s Fortune&nbsp; Steward&#8217;s wealth has reached an impressive $11.4B this year, significantly up from $7.6B in 2023 and $6B the previous year. His company, WWT (an IT services firm based in St. Louis), works with major corporations like Apple, Citi, and Microsoft, with sales totaling $17B in 2023. At age 73, Steward ranks 84th on the Forbes 400 list of the richest Americans, alongside other Black billionaires like Robert F. Smith [&hellip;]
- [Central Bank of Kenya Lowers Interest Rate to 12% ](https://diutocoinnews.com/2024/10/central-bank-kenya-lowers-interest-rate-12/): The Central Bank of Kenya (CBK) has reduced its interest rate by 0.75%, bringing it down to 12%. This was an expected move with the purpose of boosting the economy and making it cheaper for people and businesses to borrow money. Why did Kenya reduce interest  The Monetary Policy Committee (MPC) made this decision due to two key factors:&nbsp; Now, Kenya&#8217;s inflation rate has steadily decreased, reaching 3.6%, which is within the CBK&#8217;s target range of 2.5% to 7.5% but then, credit growth in the private sector has slowed down, with a significant drop from 3.7% in June to 1.3% in [&hellip;]
- [Nigeria’s net forex inflow increases by 67% to $27.6bn](https://diutocoinnews.com/2024/10/nigerias-net-forex-inflow-increases-67-27-6bn/): The Nigeria forex inflow increased by 67.8% to $27.6B, compared to $16.44B during the same period in 2023, Nigeria saw a significant surge in foreign exchange (forex) inflows, in the first half of 2024 (H1 &#8217;24).&nbsp; This increase was driven by two factors: Net forex inflows from private sources (autonomous sources) grew by 34.6%, and Net forex inflows through the Central Bank of Nigeria (CBN) increased by 170%. From $33.7B in H1&#8217;23 to $47.73B in H1&#8217;24, data from the CBN showed that total forex inflows into Nigeria’s economy grew by 41.6% while the amount of foreign currency leaving the economy (forex [&hellip;]
- [African nation of Eswatini releases design for tokenized retail CBDC](https://diutocoinnews.com/2024/10/african-nation-eswatini-releases-design-tokenized-retail-cbdc/): The Central Bank of Eswatini, a small country between South Africa and Mozambique, has presented a design paper outlining the creation of a central bank digital currency (CBDC) called the &#8220;digital lilangeni”. This digital currency would be a retail CBDC, meaning it would be used by everyday people for regular transactions. The digital lilangeni also would run on a distributed database, which is different from blockchain. While both are types of decentralized systems, a distributed database might not require all transactions to be verified by multiple participants like a blockchain does. The CBDC’s customisation to Eswatini’s needs. The Central Bank of [&hellip;]
- [South Korea recognizes cryptocurrency holdings as marital assets in divorce cases](https://diutocoinnews.com/2024/10/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 to a local law firm in South Korea. The implication of this is that couples that get divorced can divide their crypto assets the same way they do with other assets they accumulate. during the marriage. IPG Legal, the South Korean law firm, explained that the law deems both physical and intangible assets—like cryptocurrency—as part of a couple’s shared property as under South Korean law, specifically Article 839-2 of the Korean Civil Act, either spouse can request that the assets they collected during the marriage be [&hellip;]
- [NCC withdraws press statement on Starlink](https://diutocoinnews.com/2024/10/ncc-withdraws-press-statement-on-starlink/): Situations turn around as the Nigerian Communications Commission (NCC) reverses its earlier statement in which it threatened to take action against Elon Musk’s internet company, Starlink, for raising its subscription prices without approval from the commission. Dr Reuben Muoka, the NCC&#8217;s Director of Public Affairs, initially confirmed that the Commission would sanction Starlink, as the price increase violated certain regulations. However, following the statement, Dr. Muoka later clarified that his previous statement was made in error, asking people to disregard it without providing further details on why the Commission had backtracked, despite the fact that Starlink appeared to have broken the [&hellip;]
- [ZachXBT exposes Murad Mahmudov’s alleged $24M memecoin wallets](https://diutocoinnews.com/2024/10/zachxbt-exposes-murad-mahmudovs-alleged-24m-memecoin-wallets/): Crypto sleuth ZachXBT claims he found nearly a dozen wallets, worth $24 million, belonging to Murad Mahmudov, a prominent memecoin trader. This discovery got a lot of attention online, attracting mixed reactions here and there.&nbsp; Details of the allegation According to ZachXBT via an X post, the details of 11 wallets are supposedly owned by Mahmudov and these wallets are on two blockchain platforms, Ethereum and Solana holding millions in memecoins. ZachXBT said he linked the wallets to Mahmudov because they share the same funding sources and hold coins that Mahmudov has talked about publicly. ZachXBT went further to share his [&hellip;]
- [Only 12.7% wallets on polymarket are in profit](https://diutocoinnews.com/2024/10/only-21-730-wallets-on-polymarket-are-in-profit/): Out of 171,113 wallets tracked by the on-chain analytics tool Layerhub, only 21,730 wallets, or 12.7%, made profit in Polymarket, with most earning less than $100. Polymarket is a decentralized platform where people bet on real-world events using cryptocurrency. Only 2,138 wallets made more than $1,000, while about 7,400 wallets reported profits between $100 and $1,000. Massively driven by significant world events like ongoing conflicts and the upcoming U.S. presidential election, Polymarket has processed about 10.8 million trades in total, with more than 300,000 trades per day between October 6 and 8. Read Also: Polymarket Discusses $50M Funding, Potential Token Launch [&hellip;]
- [National Bank of Bahrain launches its first Bitcoin investment fund.](https://diutocoinnews.com/2024/10/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 systematized for institutional investors at the Fintech Forward 2024 event.&nbsp; The new fund is designed for large entities like banks, pension funds, and corporations rather than individual retail investors. The fund specifically targets investors in the Middle East&#8217;s Gulf Cooperation Council (GCC), which includes six countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. The fund will ensure that investors won&#8217;t lose any of their initial investments, making it a low-risk option for them to access Bitcoin. Funds Creation and Partnerships A partnership between the National [&hellip;]
- [NNPC Ends Exclusive Deal with Dangote Refinery](https://diutocoinnews.com/2024/10/nnpc-ends-exclusive-deal-with-dangote-refinery/): The Nigerian National Petroleum Company Limited (NNPC)&nbsp; has decided to bring to a halt its exclusive deal with Dangote Refinery, giving other marketers the chance to purchase petrol directly from the refinery. Hence, the implication of this only means that marketers can negotiate prices directly with the Dangote refinery, with NNPC off the table as the middleman. This aligns with current practices in the deregulated petroleum market, where refineries can sell products directly to marketers on a &#8220;willing buyer, willing seller&#8221; basis. The Breakdown of the New Development&nbsp; Devakumar Edwin, Vice president at Dangote Industries, stated in September that the refinery, [&hellip;]
- [Kenya is launching a digital nomad visa for remote workers](https://diutocoinnews.com/2024/10/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 significant opportunity in Kenya. It is estimated that there will be about 40M digital nomads globally in 2023, and as a matter-of-fact, this number is projected to exceed 60M by 2030. Many of these individuals seek affordable living in countries like Costa Rica, Portugal, and Mexico, and while several nations have already introduced digital nomad visas, Kenya has been missing out. As at the time of writing, only four African countries have digital nomad frameworks: Mauritius, Seychelles, Cape Verde, and Namibia. Until recently, there was no [&hellip;]
- [Telegram to enable gift conversion to NFTs on TON Blockchain](https://diutocoinnews.com/2024/10/telegram-to-enable-gift-conversion-to-nfts-on-ton-blockchain/): Pavel Durov, Telegram CEO, hinted at a new feature that&#8217;d come up on the platform, a support for converting gifts (animated images shared on profiles) into NFTs by the end of the year. With no date specifically stated, it&#8217;s expected this new feature will launch “later this year.”&nbsp; The Introducing of Gifts on Telegram On Oct 5, Telegram officially introduced Gifts, allowing users to send animated artwork with custom messages to their contacts. These Gifts can be displayed on a recipient’s profile under the &#8220;Gifts&#8221; tab or turned into the social platform’s in-app currency, Stars. The in-app currency, Stars, was launched [&hellip;]
- [Nigeria government begins Naira-for-crude sales with dangote refinery](https://diutocoinnews.com/2024/10/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 to Dangote Refinery using Naira instead of Dollars. This deal started on October 1, 2024. This was disclosed via an official statement on the X account of the Ministry of Finance on Saturday, this initiative is completely inline with a directive from the Federal Executive Council, FEC.&nbsp; “The Hon. Minister of Finance and Coordinating Minister of the Economy announced that, in line with the Federal Executive Council (FEC) directive, the sale of crude oil and refined petroleum products in Naira has officially commenced as of October [&hellip;]
- [Network operators fumes at NCC for allowing Starlink to hike subscription fee](https://diutocoinnews.com/2024/10/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%, from ₦38,000 to ₦75,000. The cost of the Starlink hardware also went up by 34%, from ₦440,000 to ₦590,000 for new users. Starlink stated that “excessive inflation” was the reason for these price hikes. Simultaneously, Nigerian telecom operators, represented by the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON), have been on the call for price reviews of their own services, claiming that despite inflation and rising operational costs, they have been unable to adjust their prices [&hellip;]
- [Binance Wants to Delist Tokens with Significant Tokenomics Changes](https://diutocoinnews.com/2024/10/binance-to-delist-tokens-with-significant-tokenomics-changes/): The popular cryptocurrency exchange Binance has raised concern about 10 tokens that are currently trading on its exchange. This was contained in an announcement made, stating that&nbsp; &nbsp;“Moving forward, any listed tokens that undergo significant changes to their tokenomics or experience a substantial increase in token supply will also be subject to the risk warning banner and pop-up notification,” Binance warns. The tokens listed below will now be accompanied by a pop-up warning about the risks of trading them for users. This is following the risk that has been observed by the Binance team. Citing that over the past year and [&hellip;]
- [Nigeria Stock Trading Volume Increases by 20% Gaining 0.47% ASI](https://diutocoinnews.com/2024/10/nigeria-stock-trading-volume-increases-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 4, 2024, marking a positive close in the Nigerian stock market. Additionally, this was supported by a 20% increase in trading activity, as the traded shares volume surged to 320 million. Key Highlights: Top Performers  Rising by 10% to close at N4,964.70, SEPLAT led the top performing assets, continuing its strong performance from earlier in the week. Following closely was ABCTRANS, with a 9.92% increase to N1.23. Livestock, CAVERTON, and FTNCOCOA were other notable gainers which rose by 9.70%, 9.62%, and 9.29% respectively. Top Losers Dropping [&hellip;]
- [TRON Network revenue grows to $577M surpassing Bitcoin and Ethereum Networks](https://diutocoinnews.com/2024/10/tron-network-revenue-grows-to-577m-surpassing-bitcoin-ethereum-networks/): Driven by the network’s increasing stablecoin activity and efforts to tap into the growing memecoin market, Tron network has set a new record in Q3, generating $577M in revenue, surpassing well-known blockchains like Bitcoin and Ethereum. Breakdown of new revenue  In an Oct. 2 post by Tron founder Justin Sun, data from Tronscan, highlighted that 74% of Tron’s revenue came from staking, while 26% was from token burning. The record revenue was largely from Tron’s expanding use of stablecoins and its recent entry into the memecoin sector. Does this new mark outdo Bitcoin and Ethereum? With Bitcoin generating approximately $56.3M and [&hellip;]
- [More than 93% of the total Naira in circulation is not in the Nigerian banks.](https://diutocoinnews.com/2024/10/more-than-93-of-the-total-naira-in-circulation-is-not-in-nigerian-banks/): According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87 trillion of that amount outside the banking system, in the hands of individuals. That is to say that 6.66% of the country’s cash is held within the banking sector, while 93.34% is in the hands of individuals and businesses.  This situation poses itself as a challenge to the Nigeria formal banking system, despite efforts to promote financial inclusion and encourage cashless transactions. It remains evident that many Nigerians still prefer to use cash for daily transactions, even as digital banking services grow. The total amount of [&hellip;]
- [Chainalysis Report: 43% of Sub-Saharan Africa Turns to Stablecoins for Remittance](https://diutocoinnews.com/2024/10/chainalysis-report-43-sub-saharan-africa-turns-to-stablecoins-for-remittance/): Like an inverse proportion, Nigeria and Ethiopia are suffering a decrease in the value of their local currencies, which has only caused an upsurge in the use of Stablecoins. Stablecoins now make up a substantial portion (nearly half) of the average transaction volume in Sub-Saharan Africa, driven by the instability of local currencies. Details of the surge in the adoption of stablecoins&nbsp; According to the most recent report by Chainalysis released on October 2, Stablecoins account for about 43% of all the transaction volume in Sub-Saharan Africa. This indicates that residents and users are turning to stablecoins due to the volatility [&hellip;]
- [Zimbabwe's Gold-Backed ZiG Faces Continued Decline Following Currency Devaluation ](https://diutocoinnews.com/2024/10/zimbabwes-gold-backed-zig-faces-continued-decline-following-a-currency-devaluation/): The Central Bank of Zimbabwe allowed their gold-backed currency, ZiG, to lose about 43% of its value against the US dollar. This devaluation comes after weeks of sustained and constant pressures on the currency. Details of the&nbsp; gold-backed ZiG Being the sixth attempt by the Zimbabwean government to stabilize the currency, especially after the Zimbabwean dollar collapsed in 2009 amid hyperinflations, the ZiG was introduced in April 2024.&nbsp; Its introduction was mostly to serve the purpose of replacing the Zimbabwean dollar, which had depreciated by almost 80% since the start of the year.&nbsp; Now, the ZiG has continued to decline, trading [&hellip;]
- [Diddy Hires Sam Bankman-Fried's Lawyer From FTX Case](https://diutocoinnews.com/2024/10/diddy-hires-sam-bankman-frieds-lawyer-from-the-ftx-case/): Following the New York judge’s decision to keep the music mogul, Sean “Diddy” Combs, in jail as he awaits trial for racketeering and sex trafficking, Diddy has hired lawyer Alexandra Shapiro to help him appeal.&nbsp; Shapiro is widely known for representing Sam Bankman-Fried, the owner of the collapsed crypto exchange FTX, who was sentenced to 25 years in prison in March. Recently, Shapiro filed an appeal, accusing the judge in his case of being biased.  Read Also: Full List: Top TON Wallets and Telegram Mini-app Games that Can Pay Real Money Although provided with the option of transferring to a low-security [&hellip;]
- [Naira Gains 2.77% at the Foreign Exchange Market, Weakening at the Parallel Market— DiutoX](https://diutocoinnews.com/2024/10/naira-gains-2-77-at-foreign-exchange-market-diutox/): In September 2024, the Naira showed some positive signs in the official market, but the same can not be said for the parallel market.&nbsp; Here’s an overview of its performance: NAFEM—Nigerian Autonomous Foreign Exchange Market Window&nbsp; The Naira saw an improvement from N1,585/$ at the start of the month to N1,541/$ at the end of September, representing a 2.77% gain. This has happened to be the strongest performance since June 2024, when the Naira closed at N1,505/$. The official rate sat at N1,608/$ and N1,598/$ in July and August, respectively. Read Also: Naira Rates: Nigeria Foreign Reserve Hits $36.87B Following the [&hellip;]
- [Bank of Ghana Launches Gold Coin to Discourage Hoarding of Dollars](https://diutocoinnews.com/2024/10/bank-of-ghana-launches-gold-coin-discourage-hoarding-of-dollars/): The Bank of Ghana has initiated and introduced a gold coin for the purpose of championing domestic savings and managing the flow of money in the economy.&nbsp; The newly launched coins will be made available this October and the pricing will be solely based on the London Bullion Market Association auction price.&nbsp; Notwithstanding these efforts and attempts, the Ghanaian cedi has continued to lose against the US dollar. A Rundown of the Purpose of the Gold Coin The coin launch is an attempt by the Ghanaian government to increase the domestic savings and the management of market liquidity, it comes in [&hellip;]
- [The value of cashless transactions surges by 12% to N89.5T — NIBSS](https://diutocoinnews.com/2024/10/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, showing strong growth in July 2024. Compared to June, an increment of 12% was seen in the total value of transactions processed through the NIBSS Instant Payments (NIP) platform plus a significant 89% compared to July 2023, reaching N89.5T This report was given by the Nigeria Inter-Bank Settlement System (NIBSS). From January to July 2024, an impressive 86% increase was seen in the value of NIP transactions, totalling N566.4T as compared to the same period last year. The rise of mobile phone usage, better internet access, [&hellip;]
- [Bitcoin social sentiments are still bullish with more than 1.8M bullish posts.](https://diutocoinnews.com/2024/09/bitcoin-social-sentiments-still-bullish-with-more-than-1-8m-bullish-posts/): Crypto analytics platform, Santiment, stated that there are about twice the size of optimistic (bullish) posts on Bitcoin as pessimistic( bearish) ones, which only suggests increased trust and optimism.  However, irrespective of this, Santiment predicts that Bitcoin may not reach an all-time high soon. Reasons for Santiment’s Report  According to Santiment on Sept. 30, users expecting a new Bitcoin all-time high may need to wait until the crowd “slows down their expectations.”  This theory came from their digging into social sentiment data and discovered that there are about 1.8 bullish posts about Bitcoin for every bearish post. Santiment expressed concern for [&hellip;]
- [The MENA Region Contributes 7.5% to Global Crypto Transaction Volume](https://diutocoinnews.com/2024/09/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 less than half of the adults have access to proper banking services, according to the World Bank.  Chainalysis reported on Sept. 25, 2024, that between July 2023 and June 2024, MENA accounted for 7.5% of global cryptocurrency transaction volume, with a total value of $338.7 billion. About 93% of transactions in the region were from $10,000 or more, indicating that most of the crypto activity in MENA is driven by large institutional and professional investors. This results in small retail investors having only a small share [&hellip;]
- [Nigeria’s Crypto Stance Amid Binance Lawsuit](https://diutocoinnews.com/2025/03/nigerias-crypto-stance-amid-binance-lawsuit/): Nigeria remains open to crypto firms despite suing Binance for $80 billion over alleged economic losses. Binance ceased Nigerian operations in March 2024 and denies all allegations. Government’s Position Minister of Information Mohammed Idris stated the lawsuit aims to enforce regulations, not stifle crypto, citing concerns over terrorism financing, money laundering, and tax evasion. “This is part of the effort to strengthen our laws, not to cripple anybody,” Idris told Semafor. Crypto Adoption in Nigeria 2nd highest global adoption (after India) $59 billion in crypto transactions (July 2023 – June 2024) 40% of Sub-Saharan Africa’s stablecoin inflows Regulatory Developments • SEC [&hellip;]
- [Morocco Embraces Blockchain &amp; AI to Transform Economy Under Digital Morocco 2030](https://diutocoinnews.com/2025/03/morocco-embraces-blockchain-ai-to-transform-economy-under-digital-morocco-2030/): Morocco is set to become a leading tech hub by integrating blockchain and artificial intelligence (AI) into its economy. Under the Digital Morocco 2030 strategy, the country aims to establish a digital economy, efficient governance, and job creation by 2030. Key Goals &amp; Investments • Blockchain &amp; AI Integration: Morocco has allocated $1.1 billion (MAD 11 billion) between 2024-2026 for implementation. • Economic Impact: Blockchain and AI could increase GDP by 10% by 2030, creating 240,000 jobs and contributing MAD 100 billion ($10.27 billion). • Tech Startup Growth: The government aims to establish 3,000 blockchain startups, raise MAD 7 billion ($720 [&hellip;]
- [Decentralized Applications (dApps): A New Era of Software](https://diutocoinnews.com/2025/03/decentralized-applications-dapps-a-new-era-of-software/): INTRODUCTION Decentralized applications (dApps) are software programs that operate on a blockchain or peer-to-peer (P2P) network, rather than relying on centralized servers or databases. Unlike traditional apps, dApps have no single controlling authority and are powered by smart contracts to facilitate their processes and transactions.Ethereum is one of the most widely-used platforms for dApp development, particularly in fields like finance, gaming, and social media. Key Characteristics of dApps 1. Smart Contracts – Self-executing contracts with terms directly written into code. 2. Decentralization – No central authority controls the application. 3. Censorship-Resistance – No one can delete or control content. 4. Public [&hellip;]
- [Cryptocurrency: The Digital Revolution in Finance](https://diutocoinnews.com/2025/03/cryptocurrency-the-digital-revolution-in-finance/): INTRODUCTION Cryptocurrencies are purely digital assets, existing only on the internet and powered by blockchain technology. Unlike traditional money, they have no physical form but serve as a new financial system within the Web3 ecosystem. The journey of cryptocurrencies began with Bitcoin, created in 2009 by the anonymous Satoshi Nakamoto. Before Bitcoin, several attempts were made to create digital currencies, but they failed due to security and trust issues. Bitcoin&#8217;s success paved the way for an entire industry, influencing global finance, technological advancements, and even major geopolitical events. How Cryptocurrencies Work Cryptocurrencies operate using four key technologies: 1. Blockchain Technology – [&hellip;]
- [Understanding Modular Blockchains: A Game-Changer for Scalability and Efficiency](https://diutocoinnews.com/2025/03/understanding-modular-blockchains-a-game-changer-for-scalability-and-efficiency/): Introduction Blockchain technology is evolving, and modular blockchains are at the forefront of this innovation. Unlike traditional monolithic blockchains, where a single chain handles all tasks, modular blockchains break down core functions into separate layers. This division enhances scalability, efficiency, and flexibility while maintaining decentralization and security. How Modular Blockchains Work Instead of a single chain managing everything, modular blockchains distribute tasks across different specialized layers: 1. Execution Layer – Processes transactions. 2. Settlement Layer – Ensures transactions are finalized. 3. Consensus Layer – Validates transactions and prevents fraud. 4. Data Availability Layer – Stores transaction data, including timestamps, hashes, and [&hellip;]
- [Nigeria to Auction N300 Billion FGN Bonds to Fund Budget and Infrastructure](https://diutocoinnews.com/2025/03/nigeria-to-auction-n300-billion-fgn-bonds-to-fund-budget-and-infrastructure/): The Debt Management Office (DMO) has announced a N300 billion bond auction for March 24, 2025, to finance budget deficits and infrastructure projects. The bonds, both re-openings of previous issuances, include: N200 billion – 19.30% FGN APR 2029 (5-Year Bond) N100 billion – 19.89% FGN MAY 2033 (9-Year Bond) Key Features &amp; Investor Benefits High Yields: Competitive 19.30% (5-year) and 19.89% (9-year) returns. Tax Exemption: No tax on interest for pension funds and certain investors. Liquidity: Tradable on NGX and FMDQ exchanges. Security: Backed by Nigeria’s government assets. Auction &amp; Settlement Bids must be placed via primary dealers, with settlement on [&hellip;]
- [Nigeria’s Inflation Rate Expected to Decline Further in 2025](https://diutocoinnews.com/2025/03/nigerias-inflation-rate-expected-to-decline-further-in-2025/): Nigeria’s inflation rate is projected to decline further in 2025, driven by improved macroeconomic stability and the base effect, according to Dr. Muda Yusuf, CEO of the Centre for Protection of Private Enterprises (CPPE). “The further deceleration in inflation can be ascribed to two factors. The first is the base effect… prices in 2024 were highly elevated,” Yusuf explained. He added, “Volatility in the exchange rate is beginning to ease.” However, skepticism remains. While official data from the National Bureau of Statistics (NBS) shows inflation falling to 23.18% in February 2025, critics argue it does not reflect reality. Maurice Ekpenyong questioned, [&hellip;]
- [Ghana’s Former President Mahama’s X Account Hacked, Promotes Solana Scam](https://diutocoinnews.com/2025/03/ghanas-former-president-mahamas-x-account-hacked-promotes-solana-scam/): John Dramani Mahama’s X account was compromised over the weekend, posting multiple tweets endorsing a Solana Africa crypto investment scheme. His team later confirmed the hack and is working to regain control. Why It Matters ° Crypto scams targeting high-profile accounts are common, using verified profiles to push fake investments. ° Africa’s growing crypto adoption comes with weak regulatory oversight, increasing scam risks. ° Solana’s rising popularity in the region stems from its lower fees than Bitcoin and Ethereum. Mahama’s team has yet to release an official statement addressing the incident.
- [Liquid Staking: A Game Changer in Web3](https://diutocoinnews.com/2025/03/liquid-staking-a-game-changer-in-web3/): Introduction Liquid staking allows users to stake their tokens while still being able to use them for other DeFi activities. In traditional staking platforms, when you stake your tokens, they lose liquidity. And what is liquidity? It’s simply the ability to use your money freely, without having it locked up for a long time. Here’s an analogy: A house is non-liquid, while cash is liquid. If I have cash, I can instantly use it to buy whatever I want. But if I have a house and I need money, I can’t just hand over a brick and get what I need—I [&hellip;]
- [Ghana’s Former President Mahama Endorses Solana for Africa’s Fintech Growth](https://diutocoinnews.com/2025/03/ghanas-former-president-mahama-endorses-solana-for-africas-fintech-growth/): Ghana’s former President John Dramani Mahama has endorsed Solana, highlighting its potential to drive fintech expansion and crypto adoption across Africa. Speaking at the African Prosperity Dialogues Summit in Accra, he praised Solana’s low-cost, high-speed transactions as a game-changer for financial services. “Financial inclusion isn’t just a need for Ghana—it’s essential for all of Africa. With its low transaction costs, Solana could be the key to driving fintech growth and enabling cryptocurrency payments &amp; investments across the continent,” he wrote on X. The Significance ✓ Signals political interest in blockchain as a tool for economic transformation. ✓ Solana’s fast, affordable transactions [&hellip;]
- [BIP 39: Making Crypto Wallets Secure and Easy to Use](https://diutocoinnews.com/2025/03/bip-39-making-crypto-wallets-secure-and-easy-to-use/): Introduction BIP 39, short for Bitcoin Improvement Proposal 39, is a standard that introduced mnemonic seed phrases—a way to easily back up and recover cryptocurrency wallets. Initially designed for Bitcoin, it has since been widely adopted across multiple blockchains due to its effectiveness and simplicity. At its core, BIP 39 ensures that private keys, which control access to crypto funds, can be securely stored and remembered without the complexity of long alphanumeric strings. Instead of relying on an unmanageable string of characters, users can secure their wallets with a list of memorable words. Do Cryptocurrencies Really Live in Your Wallet? A [&hellip;]
- [Web3: The Next Evolution of the Internet!](https://diutocoinnews.com/2025/03/web3-the-next-evolution-of-the-internet/): INTRODUCTION The internet has changed the world in ways no one could have imagined. From simple web pages in the early days to the rise of social media and e-commerce, each phase of the internet’s evolution has transformed how we communicate, do business, and share information. Now, we stand at the brink of another major shift—Web3. WEB3 represents a new era of the internet, powered by blockchain technology, decentralization, and digital ownership. Unlike today’s internet (Web2), where large corporations control most platforms and user data, Web3 aims to return control to individuals. To fully grasp Web3, we need to explore how [&hellip;]
- [Nigeria’s Crypto Boom: $59B Despite Ban](https://diutocoinnews.com/2025/03/nigerias-crypto-boom-59b-despite-ban/): Despite the CBN’s 2021 ban, Nigeria’s crypto market is thriving, with $59B in transactions (July 2023–June 2024)—nearly half of Sub-Saharan Africa’s total. Inflation, naira depreciation, and high remittance costs drive adoption, with 85% of trades under $1M, showing crypto’s real-world impact. Instead of curbing usage, the ban pushed trading into P2P channels, making regulation harder. Experts urge collaboration over restriction, integrating blockchain into finance to enhance services, monitor transactions, and foster growth. However, crypto scams hit $10B globally in 2024, raising security concerns. A balanced regulatory approach could protect users while enabling innovation. Nigeria is a crypto powerhouse—will it resist or [&hellip;]
- [Africa Pilots Currency Platform to Reduce Dollar Dependence](https://diutocoinnews.com/2025/03/africa-pilots-currency-platform-to-reduce-dollar-dependence/): The Pan-African Payment and Settlement System (PAPSS), backed by 15 central banks, is piloting the Africa Currency Marketplace, a platform enabling trade settlements in local currencies. Set to launch later this year, it aims to boost intra-African trade by reducing reliance on the U.S. dollar. PAPSS CEO Mike Ogbalu emphasized that fees will be market-driven, stating, “The rates will be market driven, and our system is able to do a matching based on the rates offered by the different participants in our ecosystem.” The initiative aligns with calls to de-dollarize, a stance supported by leaders like Kenyan President William Ruto. However, [&hellip;]
- [South Africa Pushes to Classify Crypto as Onshore Asset](https://diutocoinnews.com/2025/03/south-africa-pushes-to-classify-crypto-as-onshore-asset/): South Africa is urging regulators to classify digital assets as onshore assets to boost industry growth. Currently, crypto exists in a regulatory gray area, unlike traditional assets such as local stocks and bonds (onshore) or foreign accounts and stocks (offshore). Local laws cap offshore investments for retail investors at $54,500, with a higher limit of $545,000 requiring tax clearance. No such caps exist for onshore assets. Luno’s Africa GM, Marius Reitz, argues that this ambiguity deters institutional investors, while Luno’s legal head, Paul Harker, stresses, “Internationally, cryptocurrencies are now just another recognized asset class… Pro-growth and forward-looking decisions are essential.” Transferring [&hellip;]
- [Bybit Expands in Africa, Eyes Kenya](https://diutocoinnews.com/2025/03/bybit-expands-in-africa-eyes-kenya/): Bybit is expanding its presence in Africa, with Kenya among its key markets. At the Bybit Kenya Meetup in Nairobi, Global Region and Business Development Executive Joshua Ya announced the firm’s efforts to secure licenses in Kenya, Ethiopia, and Nigeria, reinforcing its commitment to Africa’s digital economy through DeFi and P2P trading. “Africa remains a key market. We are working toward acquiring the necessary licenses to operate in countries like Kenya,” Ya stated. The event gathered fintech leaders, blockchain entrepreneurs, and traders to discuss digital assets and blockchain innovation. Bybit Africa Regional Manager Wilson Ogheneovo addressed a recent cybersecurity breach involving [&hellip;]
- [GINGERLY, Nigeria Takes Cautious Steps Toward Crypto Regulation Amid Fraud Concerns](https://diutocoinnews.com/2025/03/gingerly-nigeria-takes-cautious-steps-toward-crypto-regulation-amid-fraud-concerns/): Nigerian authorities are gradually moving to regulate Africa’s largest cryptocurrency market, aiming to create legal certainty while tackling fraud and volatility. Despite ranking second globally in crypto adoption, Nigeria has struggled with scams and money laundering concerns. The Securities and Exchange Commission (SEC) granted &#8220;Approval-in-Principle&#8221; to two exchanges—Busha Digital Limited and Quidax Technologies Limited—marking a step toward formalizing the sector. However, skepticism remains, particularly after the Economic and Financial Crimes Commission (EFCC) arrested 792 suspects in December for crypto-related fraud. Beyond exchange approvals, Nigeria&#8217;s parliament is considering a bill to establish a regulatory framework for digital currencies. While President Bola Tinubu [&hellip;]
- [Nigeria’s Zone Surpasses ₦1 Trillion in Blockchain Transactions](https://diutocoinnews.com/2025/03/nigerias-zone-surpasses-%e2%82%a61-trillion-in-blockchain-transactions/): Zone, Nigeria’s first licensed blockchain financial institution, has processed over ₦1 trillion ($660 million) in transactions between November 2022 and December 2024. The company operates a Layer-1 blockchain network, allowing direct financial transactions without intermediaries. Zone initially piloted its blockchain technology with ATMs, recording 100 million transactions with an average value of ₦10,000 ($6.60) per transaction. Despite a decline in ATM usage—dropping from ₦32.65 trillion ($21.5 billion) in 2022 to ₦28.2 trillion ($18.6 billion) in 2023—Zone’s adoption has expanded, especially with the launch of ZonePOS in June 2024, enabling blockchain-powered POS payments. According to CEO Obi Emetarom, “We used the ATM [&hellip;]
- [Nigeria’s Crypto Tax: A Solution or a Setback?](https://diutocoinnews.com/2025/03/nigerias-crypto-tax-a-solution-or-a-setback/): In February, Nigeria sued Binance for unpaid taxes and introduced crypto taxation to address economic challenges. The government aims to raise over $81 billion by regulating exchanges and taxing transactions, but enforcement may prove difficult. Despite being Africa’s largest crypto market, with 22% of its population using digital assets, Nigeria struggles with weak policy execution and corruption. The country’s informal sector, making up 65% of GDP, remains largely untaxed. The proposed 0.5–1% capital gains tax and 10% VAT on exchanges could generate $250 million annually, but experts warn users may shift to P2P trading to avoid compliance. To succeed, Nigeria must [&hellip;]
- [Naira Weakens Further Amid CBN Intervention, Crypto Market Reacts to Trump’s Policy Shift](https://diutocoinnews.com/2025/03/naira-weakens-further-amid-cbn-intervention-crypto-market-reacts-to-trumps-policy-shift/): The Naira depreciated by ₦10.23 (0.75%) against the U.S. Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 7, closing at ₦1,522.78/$1, down from ₦1,512.55/$1 the previous day. Despite a double intervention by the Central Bank of Nigeria (CBN), the Naira continued its downward trend, raising concerns about forex stability amid depleting reserves. Performance Against Other Currencies British Pound Fell by ₦47.74 to ₦1,960.28/£1 (from ₦1,912.28/£1). Euro Declined by ₦40.39 to ₦1,648.94/€1 (from ₦1,608.55/€1). Black Market Rate Naira depreciated by ₦10, trading at ₦1,570/$1, compared to ₦1,560/$1 the previous day. Crypto Market Volatility Following Trump’s Bitcoin Reserve Reversal [&hellip;]
- [Trump Signs Executive Order to Launch U.S. Bitcoin Reserve](https://diutocoinnews.com/2025/03/trump-signs-executive-order-to-launch-u-s-bitcoin-reserve/): President Donald Trump has signed an executive order to establish a U.S. Strategic Bitcoin Reserve, using forfeited digital assets from romance scammers, civil offenders, and convicted criminals, including Hushpuppi and Mr. Woodberry. Bitcoin Reserve Funded by Seized Assets Approximately 200,000 Bitcoin—valued at around $19 billion—from civil and criminal forfeitures will now be permanently transferred into the reserve. The move aligns with Trump’s goal of making America the world’s crypto capital. The president has directed the Treasury and Commerce Departments to develop budget-neutral strategies to acquire more Bitcoin without imposing financial burdens on American taxpayers, according to White House AI and Crypto [&hellip;]
- [Tunisia Adopts Unified Arab System for Diploma Verification](https://diutocoinnews.com/2025/03/tunisia-adopts-unified-arab-system-for-diploma-verification-3/): Tunisia has officially joined the Unified Arab System for Diploma Authenticity Verification, a blockchain-based platform aimed at streamlining degree validation across Arab nations. How It Works Launched on February 28, the system enables recruiters and agencies to quickly verify diplomas from Tunisian universities. Tunisia previously piloted the program alongside Algeria, Egypt, and Libya, and after its success, it formalized adoption by signing an agreement with the Arab League Educational, Cultural, and Scientific Organization (ALESCO) in November 2024. The system collects and stores unique credential data onchain, ensuring security and accessibility for fast verification. Potential Challenges While blockchain protects stored data from [&hellip;]
- [Tunisia Adopts Unified Arab System for Diploma Verification](https://diutocoinnews.com/2025/03/tunisia-adopts-unified-arab-system-for-diploma-verification-2/): Tunisia has officially joined the Unified Arab System for Diploma Authenticity Verification, a blockchain-based platform aimed at streamlining degree validation across Arab nations. How It Works Launched on February 28, the system enables recruiters and agencies to quickly verify diplomas from Tunisian universities. Tunisia previously piloted the program alongside Algeria, Egypt, and Libya, and after its success, it formalized adoption by signing an agreement with the Arab League Educational, Cultural, and Scientific Organization (ALESCO) in November 2024. The system collects and stores unique credential data onchain, ensuring security and accessibility for fast verification. Potential Challenges While blockchain protects stored data from [&hellip;]
- [Tunisia Adopts Unified Arab System for Diploma Verification](https://diutocoinnews.com/2025/03/tunisia-adopts-unified-arab-system-for-diploma-verification/): Tunisia has officially joined the Unified Arab System for Diploma Authenticity Verification, a blockchain-based platform aimed at streamlining degree validation across Arab nations. How It Works Launched on February 28, the system enables recruiters and agencies to quickly verify diplomas from Tunisian universities. Tunisia previously piloted the program alongside Algeria, Egypt, and Libya, and after its success, it formalized adoption by signing an agreement with the Arab League Educational, Cultural, and Scientific Organization (ALESCO) in November 2024. The system collects and stores unique credential data onchain, ensuring security and accessibility for fast verification. Potential Challenges While blockchain protects stored data from [&hellip;]
- [U.S. Secret Service Seizes $1.5M from Nigerian Fraudster’s Binance Wallet](https://diutocoinnews.com/2025/03/u-s-secret-service-seizes-1-5m-from-nigerian-fraudsters-binance-wallet/): The U.S. Secret Service has seized $1.5 million from the Binance wallet of Nigerian fraudster Avwerosuo Omokri following an investigation into an online investment scam. Fraudulent Investment Scheme In March 2024, a Massachusetts resident reported losing 1.3 BTC to a scam after joining a Facebook group called Financial Independence Forum. She was persuaded by an administrator, Tom Sheldon Haley, to invest in Trade Propel, a fake trading platform. When she tried to withdraw her funds, she was told to pay a “tax on earnings”, a tactic common in crypto scams. “Scammers often attempt to extract additional funds from victims by instructing [&hellip;]
- [Tether Expands into Africa with Solar-Powered Battery Charging Kiosks](https://diutocoinnews.com/2025/03/tether-expands-into-africa-with-solar-powered-battery-charging-kiosks/): Tether, the multi-billion-dollar stablecoin company, is venturing into green energy and battery solutions in Africa. CEO Paolo Ardoino announced that the initiative involves installing solar-powered kiosks to recharge batteries, with payments available in bitcoin, USDT, or local currency through a monthly subscription model. Empowering Communities with Clean Energy and Crypto Africa faces a severe power crisis, with only 20% of sub-Saharan citizens having access to electricity. Tether’s solar kiosks aim to bridge this energy gap while also serving as tech hubs to educate users about bitcoin and USDT. Ardoino described the project as a stepping stone toward a tech-based distribution network, [&hellip;]
- [Ghana to Launch e-Cedi, Aiming for CBDC Leadership in Africa](https://diutocoinnews.com/2025/03/ghana-to-launch-e-cedi-aiming-for-cbdc-leadership-in-africa/): Ghana is set to introduce its central bank digital currency (CBDC), the e-Cedi, after years of development. Once a frontrunner in Africa’s CBDC race, Ghana fell behind when Nigeria launched the eNaira over three years ago. Now, the Bank of Ghana (BoG) is ready to roll out the e-Cedi, pending legislative approval. Learning from Nigeria’s eNaira Challenges Despite being Africa’s first CBDC, Nigeria’s eNaira has struggled with adoption, accounting for only 0.36% of total money in circulation by 2024. Key obstacles include: ¢ Weak infrastructure (unreliable electricity and Internet access) ¢ Low public trust in government ¢ Concerns over financial crime [&hellip;]
- [EBID and EIB Partner on €100M Climate Finance for ECOWAS](https://diutocoinnews.com/2025/03/ebid-and-eib-partner-on-e100m-climate-finance-for-ecowas/): The ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have launched a €100 million credit line to fund climate action and sustainability projects in West Africa. This marks the EIB’s first partnership with EBID under a €150 million agreement, backed by the European Union (EU). Sustainable Investments &amp; Climate Goals The funding will support renewable energy, sustainable agriculture, and water treatment projects, aligning with ECOWAS Vision 2050 and the Africa-European Union Green Energy Initiative. &#8220;This partnership bridges the financial gap while reducing poverty and improving lives,” – EIB Vice-President Ambroise Fayolle. Broader Impact &amp; SDG Contributions [&hellip;]
- [Africa’s Crypto Market Expands as Coinbase and Bitget Make Moves](https://diutocoinnews.com/2025/03/africas-crypto-market-expands-as-coinbase-and-bitget-make-moves/): Crypto adoption is surging in Africa, with Coinbase, Bitget, and DeFi growth making headlines: South Africa: Bitget Supports Rand Payments Bitget has partnered with Call Pay to enable Rand payments for crypto transactions, aiming to expand in emerging markets. South Africa&#8217;s DeFi sector is also projected to grow to $180M in three years, with $97B already locked in DeFi protocols globally. Nigeria: Coinbase Expands, Government Sues Binance Coinbase has teamed up with Onboard Global to introduce peer-to-peer (P2P) payments in Nigeria. Meanwhile, the Nigerian government is suing Binance for $81B, accusing it of tax violations and contributing to Naira devaluation. “Nigeria [&hellip;]
- [Kaito (KAITO) Explained: AI-Driven Crypto Research &amp; Fair Rewards](https://diutocoinnews.com/2025/03/kaito-explained-ai-driven-crypto-research-fair-rewards/): If you’ve ever spent hours scrolling through crypto tweets, forum threads, and endless news updates, you know exactly how exhausting it can be to keep up with this space. Today’s crypto world is a mixed bag: on one side, you’ve got a tidal wave of data and opinions, and on the other, an overwhelming sense that creators and everyday users are barely getting a slice of the pie. Many of us have experienced the frustration of sifting through scattered information—only to feel that our time, creativity, and effort aren’t fairly rewarded. You might be asking yourself, “Is there a better way [&hellip;]
- [Naira Falls to N1,500/$1 Amid FX Scarcity](https://diutocoinnews.com/2025/02/naira-falls-to-n1500-1-amid-fx-scarcity/): The Nigerian naira weakened to N1,500/$1 in the parallel market on Friday, down from N1,495/$1 on Thursday, driven by rising dollar demand, falling reserves, and speculation. Key Trends ° Weekly Range: N1,480–N1,502/$1 ° CBN Rate: N1,496/$1 (Thursday) ° CBN Reserves: Dropped $41.57M (Monday–Wednesday) Market Reactions “Stabilizing the exchange rate should be a higher priority than adjusting interest rates,” – Samson Esemuede, CIO at Zrosk Investment Management. Despite $8B spent on stabilization, the government struggles to curb volatility, with analysts calling for stronger policies and increased dollar liquidity.
- [EFCC: Cryptocurrency Used to Fund Illegal Arms Imports in Nigeria](https://diutocoinnews.com/2025/02/efcc-cryptocurrency-used-to-fund-illegal-arms-imports-in-nigeria/): The Economic and Financial Crimes Commission (EFCC) has raised alarms over the use of cryptocurrency for the illegal importation of arms into Nigeria, exacerbating security threats such as insurgency, banditry, and kidnapping. EFCC Chairman Ola Olukoyede revealed this while addressing participants of the Executive Intelligence Management Course (EIMC) 18, stressing the urgent need for stricter monitoring of crypto transactions. “We are beginning to see the likelihood that many people are into the illegal importation of arms using cryptocurrency. This is an area that must interest all of us.” Olukoyede also expressed concerns over non-state actors, including some local and international NGOs [&hellip;]
- [Tunisian Woman Faces Trial for Alleged $850K TrumpCoin Theft](https://diutocoinnews.com/2025/02/tunisian-woman-faces-trial-for-alleged-850k-trumpcoin-theft/): A 22-year-old Tunisian woman, Maissa Jebali, is facing trial in the US for allegedly scamming her ex-boyfriend, Anthony Bravo, out of $850,000 worth of TrumpCoin while he was asleep. Alleged Crime Details Jebali allegedly transferred TrumpCoin from Bravo’s digital wallet and used his credit cards for: ° A $4,000 Airbnb stay. ° A $14,000 shopping spree. She was arrested at Yotel Miami and charged with grand theft and credit card fraud. US Immigration and Customs Enforcement (ICE) has placed her in custody at Richwood Correctional Centre, Louisiana. Relationship &amp; Dispute Bravo and Jebali met in Miami and dated for six months, [&hellip;]
- [How to Deposit and Earn Passive Income on CoinEx: A Step-by-Step Guide](https://diutocoinnews.com/2025/02/how-to-deposit-and-earn-passive-income-on-coinex-step-by-step-guide/): Cryptocurrency isn’t just about trading—it’s also a powerful tool for generating passive income. CoinEx, a global crypto exchange, offers user-friendly features to help you grow your assets effortlessly. Whether you’re new to crypto or a seasoned investor, this guide will walk you through depositing funds and earning rewards on CoinEx. Why Choose CoinEx for Passive Income? CoinEx provides multiple earning options, competitive APY rates, and a secure platform. With options like Savings, Staking, and Liquidity Mining, you can put idle crypto to work and watch your portfolio grow. Step 1: Create a CoinEx Account Step 2: Deposit Funds Option A: Deposit [&hellip;]
- [Markets Crash: Crypto and Stocks Take Heavy Losses](https://diutocoinnews.com/2025/02/markets-crash-crypto-and-stocks-take-heavy-losses/): Global markets are in turmoil as crypto and stocks plunge, with over $1.48 billion wiped out from the crypto market in 24 hours. Stocks in the US, India, and Asia are also struggling due to US trade policy concerns and economic uncertainty. Crypto Market Wipeout &lt;&gt; Crypto market cap fell from $3.12T to $2.9T (-7%) in a day. &lt;&gt; Bitcoin (BTC) lost $638M in liquidations, mostly from long positions. &lt;&gt; Ethereum (ETH) liquidations hit $301M, with $276M from long positions. &lt;&gt; Solana (SOL): $110M lost, XRP: $57.9M liquidated. &lt;&gt; Largest single liquidation: $20.8M BTC trade on Binance. US Stocks Struggle &lt;&gt; [&hellip;]
- [SA Competition Commission Pushes Google, Meta to Pay Local Media](https://diutocoinnews.com/2025/02/sa-competition-commission-pushes-google-meta-to-pay-local-media/): South Africa’s Competition Commission is pushing global tech firms like Google, Meta, and X to compensate local news publishers for using their content. Key Proposals: Google could pay R300M–R500M ($16.3M–$27M) annually for 3–5 years. YouTube should increase revenue share to 70% for local broadcasters like SABC. Media houses should have collective bargaining rights with AI firms over content use. Why? Digital platforms profit from news content while local media loses ad revenue. News visibility reduced on Meta and X, hurting publishers’ traffic. Challenges: Global tech firms may resist (as seen in Australia &amp; Canada). Legislation might be needed if platforms refuse [&hellip;]
- [Africa’s Crypto Expansion: Nigeria, Guinea, and OKX’s Bold Moves.](https://diutocoinnews.com/2025/02/africas-crypto-expansion-nigeria-guinea-and-okxs-bold-moves/): Africa is rapidly becoming a global hotspot for cryptocurrency adoption. This past week saw Nigeria expanding crypto payments, Tether partnering with Guinea, and OKX strengthening its presence in Africa. Here’s a closer look at the latest developments: Nigeria: Crypto Debit Cards and Tax Regulations Cardex, a crypto debit card service, has launched in Nigeria, providing users with a regulated and secure way to spend crypto. This move could help reduce reliance on risky peer-to-peer (P2P) transactions, a common method in Nigeria’s large informal economy. At the same time, the Nigerian government is reviewing its tax regulations to include crypto transactions. This [&hellip;]
- [Elevate Your Trading Experience: A User Guide to CoinEx Investment Tools](https://diutocoinnews.com/2025/02/elevate-your-trading-a-user-guide-to-coinex-investment-tools/): As a crypto trader, the market can be both thrilling and challenging. With many exchanges and assets available, having the right tools is essential for making smart decisions. CoinEx is a user-friendly platform that provides various features to improve your trading experience. In this article, we will explore CoinEx basic functions from a user point of view. We will also show you how to use its key features effectively, helping you become a more skilled and efficient investor. Understanding CoinEx: Your Essential Trading Resource When you first log into CoinEx, you&#8217;ll notice its clean interface and easy navigation. Here are some [&hellip;]
- [South Africa’s DeFi Market Set to Grow, but Regulatory Challenges Persist](https://diutocoinnews.com/2025/02/south-africas-defi-market-set-to-grow-but-regulatory-challenges-persist/): The Financial Sector Conduct Authority (FSCA) predicts that South Africa’s DeFi (Decentralized Finance) market will generate R52.3 million in revenue in 2025, with over R500 million already locked in DeFi investments. However, user adoption is expected to remain low at 0.62%, according to an FSCA market study. What is DeFi? DeFi allows people to trade, borrow, lend, and invest using blockchain-based financial tools without relying on banks or intermediaries. Instead of centralized platforms like Binance, Luno, or VALR, DeFi uses smart contracts—automated digital agreements—to handle transactions securely and transparently. DeFi’s Potential and Risks The FSCA study highlights DeFi’s benefits, including: No [&hellip;]
- [Altvest Becomes First African Public Company to Hold Bitcoin in Treasury](https://diutocoinnews.com/2025/02/altvest-becomes-first-african-public-company-to-hold-bitcoin-in-treasury/): South African investment firm Altvest Capital has made history as the first publicly listed company in Africa to purchase Bitcoin as a strategic treasury asset. The Johannesburg-based company bought 1 Bitcoin for 1.8 million rand ($98,200), following the path of MicroStrategy (U.S.) and Metaplanet (Japan), both of which have significantly increased their Bitcoin holdings. Why Bitcoin? Altvest says it chose Bitcoin because it sees it as the only digital asset that meets its long-term investment criteria. The company believes Bitcoin will help: Protect shareholder value Hedge against currency depreciation Gain exposure to a globally recognized store of value No Interest in [&hellip;]
- [Nigeria Sues Binance for $79.5 Billion Over Economic Losses and Tax Evasion](https://diutocoinnews.com/2025/02/nigeria-sues-binance-for-79-5-billion-over-economic-losses-and-tax-evasion/): Nigeria has filed a lawsuit against Binance, demanding $79.5 billion in damages for alleged economic losses and $2 billion in unpaid taxes. The government claims that the cryptocurrency exchange contributed to the naira’s instability and is liable for corporate income tax. The Federal Inland Revenue Service (FIRS) argues that Binance has a “significant economic presence” in Nigeria and should pay income taxes for 2022 and 2023, along with penalties and interest. The agency is requesting: &#8211; A 10% penalty on unpaid taxes &#8211; A 26.75% interest rate on overdue amounts, based on the Central Bank of Nigeria’s lending rate Binance, which [&hellip;]
- [Nigeria’s Non-Oil Revenue Soars in November 2024](https://diutocoinnews.com/2025/02/nigerias-non-oil-revenue-soars-in-november-2024/): Nigeria’s non-oil revenue surged to N1.90 trillion in November 2024, a 16.4% increase compared to October and surpassing the monthly target by 53.19%. This growth was driven by higher collections from corporate tax, customs duties, and excise duties. The Central Bank of Nigeria (CBN) attributed the rise to improved tax compliance, enhanced business activity, and stricter customs regulations. Corporate tax collections remained strong as businesses profited in Nigeria’s post-pandemic recovery, while increased customs and excise duties were bolstered by tariff adjustments and better trade facilitation aimed at supporting local manufacturing. Despite the positive performance of non-oil revenue, oil revenue rose by [&hellip;]
- [Tether Partners with Guinea to Boost Blockchain and Digital Economy](https://diutocoinnews.com/2025/02/tether-partners-with-guinea-to-boost-blockchain-and-digital-economy/): Tether has partnered with Guinea to promote economic growth through blockchain and peer-to-peer (P2P) technology, positioning the country as a leader in Africa’s digital economy. A Memorandum of Understanding (MoU) outlines plans for: &#8211; Education and digital skill-building in both public and private sectors &#8211; Knowledge exchange and best practices for sustainable technology adoption &#8211; Support for Guinea’s &#8220;Innovation City&#8221; project, fostering research, entrepreneurship, and technological advancement Tether’s CEO, Paolo Ardoino, emphasized the impact of this collaboration, stating: “This MoU reflects our commitment to helping countries build resilient digital economies. Together, we aim to implement efficient blockchain solutions that benefit both [&hellip;]
- [Nigeria’s Economy: Growth, Challenges, and Policy Updates](https://diutocoinnews.com/2025/02/nigerias-economy-growth-challenges-and-policy-updates/): A recent report highlights mixed economic performance across Nigeria’s three key sectors—Industry, Services, and Agriculture.Industry improved, moving from stagnation in December 2024 to growth in January 2025. Agriculture continued its expansion for the sixth month in a row.Services, however, saw a decline in economic activity. Key indicators showed overall economic expansion, with composite output, new orders, and employment levels all growing slightly above 50 points. However, supply chain issues persisted, with raw material stock declining and delivery times slowing. Challenges Facing Businesses Around 75% of Nigerian businesses identified high interest rates as their biggest challenge in January 2025, according to the [&hellip;]
- [Crypto Endorsement Gone Wrong](https://diutocoinnews.com/2025/02/crypto-endorsement-gone-wrong/): Argentine President Javier Milei sparked controversy by endorsing the cryptocurrency $LIBRA, claiming it would boost the economy and support small businesses. The token briefly surged in value before crashing amid fears of a scam. Five hours after his post, Milei deleted it, stating he had been unaware of the project’s details. Later, he announced an investigation into whether any wrongdoing had occurred, including within his government. Critics accused him of recklessly promoting a risky investment, with opposition leaders calling it an unprecedented scandal and demanding a congressional inquiry. The incident drew comparisons to former U.S. President Donald Trump, who recently launched [&hellip;]
- [African Crypto Platforms Face Rising Fraud and Regulatory Scrutiny](https://diutocoinnews.com/2025/02/african-crypto-platforms-face-rising-fraud-and-regulatory-scrutiny/): As global crypto fraud surges 48%, African platforms must prepare for stricter compliance, rising user expectations, and security challenges, according to the State of the Crypto Industry 2025 report by Sumsub. Key Insights Fraud Rates: Nigeria leads with an 8.3% fraud rate, followed by Uganda, Kenya, and Tanzania (4.8%). Verification Efficiency: Nigeria has the fastest non-doc verification time (3s) but lags in document-based verification (27s). User Onboarding: Document-free verification has boosted onboarding success to 93.39% and cut verification time by 46% globally. Regulatory Challenges &amp; Compliance Gaps 60% of crypto companies anticipate tighter regulations in 2025. Only 29% fully comply with [&hellip;]
- [Nigeria Approves cNGN Stablecoin](https://diutocoinnews.com/2025/02/nigeria-approves-cngn-stablecoin/): Nigeria has granted regulatory approval to the Compliant NGN stablecoin (cNGN), marking a significant step in its evolving stance on digital assets. While concerns remain about the Naira’s volatility—one of the world&#8217;s most unstable currencies—this move reflects growing recognition of blockchain technology in the country. Unlike USDT and USDC, which are pegged to the stable U.S. dollar, cNGN is tied to the Naira, raising questions about its reliability. However, the approval represents a turnaround from Nigeria’s strict crypto policies, especially after its high-profile crackdown on Binance in 2024, which led to the exchange’s temporary exit and the arrest of a senior [&hellip;]
- [Inflation data causes CBN to postpone 1st MPC meeting](https://diutocoinnews.com/2025/02/inflation-data-causes-cbn-to-postpone-1st-mpc-meeting/): The Central Bank of Nigeria (CBN) has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March due to delays in the rebased Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). Originally set for January 27–28 and later moved to February, the meeting has now been pushed further as policymakers await updated inflation data. The rebased CPI aims to provide a more accurate measure of inflation, reflecting changes in consumer spending patterns since the last revision in 2009. The NBS had planned to release the updated GDP and CPI figures by the end of January [&hellip;]
- [CAR Meme Coin Sparks Scam Fears After Deepfake, Website Takedown](https://diutocoinnews.com/2025/02/car-meme-coin-sparks-scam-fears-after-deepfake-website-takedown/): The Central African Republic (CAR) launched its memecoin, $CAR, with President Faustin-Archange Touadéra promoting it as a national development experiment. Initially surging to $527 million, the token’s legitimacy is now in question. Red Flags &amp; Deepfake Concerns AI analysis suggests an 82% chance the president’s announcement video was AI-generated. Also, the official CAR Meme X account was suspended. Additionally, the project’s website, registered just three days before launch, was taken down for being an abusive service. Market Reaction &amp; Fraud Speculation Despite the scepticism, $CAR hit $527M before dropping to $460M. The situation mirrors recent meme coin scams, with sudden takedowns [&hellip;]
- [Epic Cash Cryptocurrency: Learn How Epic Cash is Changing Privacy in Blockchain](https://diutocoinnews.com/2025/02/epic-cash-future-of-private-and-secure-transaction/): Discover Epic Cash, a privacy-focused cryptocurrency powered by Mimblewimble. Learn how it enhances transaction security, ensures financial privacy, and offers scalability for the future of blockchain.
- [Fidson Healthcare Reports N7.5 Billion Pre-Tax Profit in 2024](https://diutocoinnews.com/2025/02/fidson-healthcare-reports-7-5-billion-pre-tax-profit-in-2024/): Fidson Healthcare PLC has published  a full-year pre-tax profit of N7.5 billion, a 27.31% surge from N5.9 billion in 2023, in accordance with  its unaudited financial report on the Nigerian Exchange (NGX). The company’s Q4 pre-tax profit bolstered by 282.35% to N2.3 billion, with quarterly revenue nearly doubling (+92.96%) to N24.4 billion. Revenue Growth Fidson’s total revenue grew 58.70% YoY, reaching N84.1 billion, driven by: Ethical goods: N55 billion (65% of sales) Over-The-Counter (OTC) products: N26.3 billion (31.3%) Consumer Healthcare Products: N2.8 billion Despite a 54.09% increase in cost of sales (N49.2 billion), gross profit jumped 65.69% to N34.9 billion. Overview [&hellip;]
- [Namibia Moves Forward with Crypto Regulation](https://diutocoinnews.com/2025/02/namibia-moves-forward-crypto-regulation/): The Bank of Namibia (BoN) has granted provisional approval to four entities, including Mindex Virtual Asset Exchange (Pty) Ltd. and Landifa Bitcoin Trade CC, to operate as virtual asset service providers for six months. During this period, they will establish infrastructure for cryptocurrency trading, exchanges, and ATMs but can&#8217;t yet engage with the public. Namibia positioned itself as a leader in crypto regulation in Africa, with the Virtual Assets Act of 2023 granting BoN oversight to combat money laundering, protect consumers, and prevent exploiting the market. However, cryptocurrencies will not be considered legal tender. Economic analyst Josef Sheehama views this as [&hellip;]
- [Morocco Strengthens Its Presence in the World of Digital Currencies](https://diutocoinnews.com/2025/02/morocco-strengthens-presence-in-the-world-of-digital-currencies/): Morocco&#8217;s increasing adoption of cryptocurrencies, ranking 27th globally, reflects the country&#8217;s growing engagement with digital assets despite regulatory uncertainties. With $12.7 billion in digital transactions, the market is witnessing significant momentum, suggesting a rising interest in decentralized finance and blockchain technology. While the legal framework remains ambiguous, Morocco&#8217;s enthusiasm for crypto could drive future regulatory adaptations, potentially fostering financial innovation and digital transformation. If the country moves towards a more structured approach, it could position itself as a leader in the region&#8217;s digital economy.
- [Namibia Cracks Down on Crypto Scam](https://diutocoinnews.com/2025/02/namibia-cracks-down-crypto-scam/): Namibia’s Prosecutor General, Martha Imalwa, has revealed details of a major online investment scam known as &#8220;pig butchering,&#8221; which led to the arrest of 15 individuals in October 2023. The scam, involving fake online identities and fraudulent cryptocurrency platforms, defrauded investors of over N$12 million. A High Court order has now declared 112,334 tether units (worth N$2.06 million) forfeited to the state under Namibia’s Prevention of Organised Crime Act. The Seychelles attorney general has been directed to transfer the funds to Namibia’s asset recovery account. The scam, linked to Namibian firm Raylon Investment, was operated by over 150 employees working under [&hellip;]
- [Kenya’s VASP Bill: Progress in Crypto Regulation](https://diutocoinnews.com/2025/02/kenya-vasp-bill-progress-in-crypto-regulation/): Kenya is advancing crypto regulation with the Virtual Asset Service Providers (VASP) Bill, aiming to combat money laundering and terrorism financing. This effort aligns with Kenya’s goal of exiting the Financial Action Task Force (FATF) grey list, which flags weak financial oversight. However, stakeholders, including the Virtual Asset Consultative Council (VACC), have raised concerns over the proposed Digital Assets Tax (DAT) under Section 12F of the Income Tax Act. Critics argue that the bill does not differentiate between long-term holders and active traders, leading to potentially unfair taxation. Additionally, the lack of clarity on taxable events, such as transfers between personal [&hellip;]
- [Naira Strengthens Against Dollar in Parallel Market](https://diutocoinnews.com/2025/01/naira-strengthens-against-dollar-in-parallel-market/): The Nigerian naira appreciated the parallel market on Friday, closing at N1,610/$1, up from N1,630/$1 on Thursday, gaining ₦20 in a day.Similarly, the British pound fell to N2,000/£1 from N2,010/£1, while the euro dropped to N1,655/€1, reflecting a 0.91% naira gain. At the official market, the CBN reported N1,493/$1 as of Thursday, with Friday’s rates at N1,507.40/$1 (buying) and N1,508.40/$1 (selling). The naira’s appreciation suggests increased dollar supply or reduced speculation. Despite this gain, analysts warn of continued forex volatility due to factors like oil prices, remittance inflows, and investor sentiment. The CBN remains committed to stabilizing the naira through stricter [&hellip;]
- [SEC warns Nigerians against investing in Risevest and Stecs&nbsp;](https://diutocoinnews.com/2025/01/sec-warns-nigerians-against-investing-in-risevest-and-stecs/): The Securities and Exchange Commission (SEC) has warned Nigerians not to invest in two organizations: Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society. These entities are accused of operating unauthorized investment schemes in Nigeria. Details of the Warning In a recent circular from the SEC in Abuja, it was made clear that neither Risevest nor Stecs is registered or authorized to operate in Nigeria’s capital market. This means their activities are illegal and unregulated. In the words of the SEC, &#8220;“The attention of the Securities and Exchange Commission has been drawn to the activities of Risevest [&hellip;]
- [Markets React after Trump Calls on OPEC to Bring Down Oil Prices](https://diutocoinnews.com/2025/01/markets-react-after-trump-calls-on-opec-to-bring-down-oil-prices/): Oil prices dropped slightly on Friday, reversing the week’s gains. This happened after U.S. President Donald Trump urged OPEC to reduce oil prices, claiming that the high prices were fueling the Russia-Ukraine war. Trump’s Strategy on Oil Prices Speaking at the World Economic Forum in Davos, Trump said he would pressure Saudi Arabia and OPEC to lower oil prices. He had used similar tactics during his first term as part of his energy policies to reduce prices by applying political pressure. Now, OPEC had previously reduced oil production by 2.2 million barrels per day to prevent prices from falling due to [&hellip;]
- [Kenya's Treasury Proposes to Take Over CBK’s Role](https://diutocoinnews.com/2025/01/kenyas-treasury-proposes-to-take-over-cbks-role/): The Treasury has proposed taking over the Central Bank of Kenya’s (CBK) responsibility for selling government bonds and treasury bills. This change aims to reform Kenya’s debt management by separating fiscal (government spending) and monetary (money supply and interest rates) responsibilities. Details of the New Development Currently, the CBK acts as the government’s fiscal agent, meaning it manages the issuance and sale of treasury bills (T-bills) and bonds. This role includes determining auction processes and managing repayments. However, Under the proposal, the Public Debt Management Office (PDMO) would take over CBK’s role. This office would manage government securities, set the borrowing [&hellip;]
- [CoinEx Launches Its New Slogan: Your Crypto Trading Expert](https://diutocoinnews.com/2025/01/coinex-new-slogan-your-crypto-trading-expert/): Global cryptocurrency exchange CoinEx has officially unveiled its new brand slogan: “CoinEx: Your Crypto Trading Expert”. Its rebranding marks a significant transition in CoinEx’s strategy, from lowering the learning threshold to providing professional support. It also aims to deliver more comprehensive and first-rate services to help users thrive in an increasingly complex and evolving crypto market. Since its establishment in 2017, CoinEx has been dedicated to offering both a convenient and efficient cryptocurrency trading experience. From reducing entry barriers to launching diverse trading features, the platform has accumulated a wealth of expertise and achievements over the past seven years.  Haipo Yang, [&hellip;]
- [South African Central Bank Chief Criticizes Crypto Lobbyists](https://diutocoinnews.com/2025/01/south-african-central-bank-chief-criticizes-crypto-lobbyists/): Lesetja Kganyago, the governor of the South African Reserve Bank (SARB), criticized crypto advocates at the World Economic Forum (WEF) in Davos. He focused on their efforts to pressure countries to add Bitcoin to their national reserves, questioning the reasoning behind prioritizing Bitcoin over other assets. During a panel discussion, Kganyago expressed skepticism about why crypto lobbyists are pushing Bitcoin to be held in national reserves while ignoring other valuable assets like platinum or coal. He compared it to holding reserves of unrelated commodities, such as beef or apples, suggesting that Bitcoin is no more special than other resources. Brian Armstrong, [&hellip;]
- [Pro-Crypto Leadership Shift in the SEC](https://diutocoinnews.com/2025/01/pro-crypto-leadership-shift-in-the-sec/): President Donald Trump has appointed Mark T. Uyeda as Acting Chairman of the U.S. Securities and Exchange Commission (SEC), signaling a shift toward more crypto-friendly policies. This move comes with promises of clearer regulations to encourage innovation and boost economic growth. Mark T. Uyeda, who has been with the SEC since 2006 and served as a Commissioner since 2022, expressed gratitude for his new role. He highlighted the importance of the SEC’s mission to protect investors, maintain fair markets, and foster capital formation to support innovation and economic progress. In his words, &#8220;I am honored to serve in this capacity after [&hellip;]
- [Kenya’s Proposed Law for Crypto Firms Includes Physical Offices, vetted CEOs](https://diutocoinnews.com/2025/01/kenyas-proposed-law-for-crypto-firms-includes-physical-offices-vetted-ceos/): Kenya’s National Treasury has introduced the Virtual Asset Service Providers Bill, 2025, which seeks to regulate cryptocurrency firms. The bill requires crypto companies to establish physical offices in Kenya, apply for licenses, and have their executives and board members vetted by regulators. Details of the Proposed Law The Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK) will oversee the regulation of crypto firms. To obtain a license, companies must have a physical location, maintain accessible records, and comply with specific documentation requirements for regulatory review. The bill reflects a shift in the Kenyan government’s stance on cryptocurrency, moving [&hellip;]
- [CBN Introduces FX Code for Ethical Conduct in the FX Market](https://diutocoinnews.com/2025/01/cbn-introduces-fx-code-for-ethical-conduct-in-the-fx-market/): The Central Bank of Nigeria (CBN) has approved the Nigerian Foreign Exchange (FX) Code to improve ethical behavior and transparency in the country’s foreign exchange market. This Code will act as a guideline for banks and authorized dealers to ensure they handle FX transactions with professionalism and integrity. Details of the New Development The FX Code is part of the CBN’s broader efforts to stabilize and strengthen Nigeria’s FX market. It provides clear rules and expectations for participants, ensuring the market operates fairly and transparently. This initiative is coming at a time when the Nigerian FX market has faced instability, and [&hellip;]
- [Former Prime Minister Pushes Crypto to Boost Thailand's Economy](https://diutocoinnews.com/2025/01/former-prime-minister-pushes-crypto-to-boost-thailands-economy/): Former Thai Prime Minister Thaksin Shinawatra has called on the government to focus on cryptocurrency reforms and introduce a tax on online gambling. He believes these changes could modernize Thailand’s economy and generate significant revenue. Thaksin emphasized the need for Thailand’s Securities and Exchange Commission (SEC) to adopt progressive policies toward digital finance. He suggested allowing the trade of stablecoins (cryptocurrencies backed by real-world assets) and updating financial institutions to support the digital economy. Thaksin’s push aligns with Thailand’s recent efforts, like introducing crypto payment trials in regions such as Phuket. Addressing concerns about risks, he reassured that cryptocurrencies could be [&hellip;]
- [Vitalik Buterin announces leadership changes for Ethereum Foundation](https://diutocoinnews.com/2025/01/vitalik-buterin-announces-leadership-changes-for-ethereum-foundation/): Vitalik Buterin, one of Ethereum&#8217;s co-founders, announced significant leadership changes for the Ethereum Foundation. He explained that these changes aim to focus on technical expertise and better communication between the foundation and the Ethereum community of builders. Buterin also emphasized that those who have different visions for Ethereum are welcome to start their own organizations. Goals for the Leadership Overhaul In a post on January 18, Buterin listed goals for the changes. These include supporting developers working on decentralized applications (dApps) and promoting values like decentralization, censorship resistance, and privacy. He made it clear that the foundation would avoid political lobbying [&hellip;]
- [Middle East Gains as China, India Shift Focus from Russian Oil](https://diutocoinnews.com/2025/01/middle-east-gains-as-china-india-shift-focus-from-russian-oil/): China and India are seeking alternatives to Russian oil amid the new U.S. sanctions, turning to Middle Eastern suppliers like the UAE, Kuwait, and Iraq. Meanwhile, Nigeria, Africa&#8217;s largest oil producer, continues to lag in output, missing out on this opportunity. Key Insights: Nigeria’s Decline: Despite claims of increased production, Nigeria averaged 1.484 million barrels per day (bpd) in 2024, below its 1.5 million bpd OPEC quota and far from its 2019 peak of over 2 million bpd. Middle East Advantage: With surplus production capacity, OPEC leaders such as Saudi Arabia and the UAE are positioned to meet rising demand, benefiting [&hellip;]
- [Namibia Tightens Crypto Regulations, Issues Provisional Licenses](https://diutocoinnews.com/2025/01/namibia-tightens-crypto-regulations-issues-provisional-licenses/): The Bank of Namibia (BoN) has granted six-month provisional licenses to two cryptocurrency firms, Mindex Virtual Asset Exchange and Landifa Bitcoin Trade CC. The companies are expected to fulfil all regulatory requirements during this period to qualify for full licensing. Key Details: Restricted Operations: The firms are limited to a regulatory sandbox and can not engage with the public until approved. Compliance Deadline: BoN reserves the right to approve or reject the licenses before or at the end of six months. Next Steps: Companies must establish infrastructure, hire personnel, and meet compliance standards. Regulatory Context: Namibia initially opposed crypto use but [&hellip;]
- [Temi Popoola charts Pan-African market vision at Ethiopian Securities Exchange launch](https://diutocoinnews.com/2025/01/temi-popoola-charts-pan-african-market-vision-at-ethiopian-securities-exchange-launch/): Temi Popoola, the CEO of the Nigerian Exchange Group (NGX Group), spoke about how Africa’s capital markets, like stock exchanges, have the potential to transform the continent’s economy. He made these remarks at the launch of the Ethiopian Securities Exchange (ESX). Details At the event, Popoola stressed the importance of working together—both within African countries and between governments and private businesses—to create innovative financial solutions that can unlock Africa’s economic potential. NGX Group has invested in Ethiopia’s new stock exchange (ESX) to show its commitment to improving Africa’s financial systems. Popoola described the ESX as an important step for Ethiopia and [&hellip;]
- [Kenya Ratifies Treaty to Prevent Tax Avoidance by Multinational Firms](https://diutocoinnews.com/2025/01/kenya-ratifies-treaty-to-prevent-tax-avoidance-by-multinational-firms/): Kenya has officially agreed to follow a treaty designed to stop multinational companies from using tax loopholes to avoid paying taxes. This confirmation was made by the Organization for Economic Cooperation and Development (OECD). Details of The Treaty: The treaty, called the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS), is a tool that helps countries update their existing tax agreements to close gaps that allow tax avoidance and Kenya is now part of over 85 countries that have approved this treaty. Together, these nations have used the treaty to amend more than [&hellip;]
- [US Senator Vows to Reverse Harm SEC's Gary Gensler Inflicted on Crypto](https://diutocoinnews.com/2025/01/us-senator-vows-to-reverse-harm-secs-gary-gensler-inflicted-on-crypto/): A U.S. Senator has pledged to undo the crypto-related policies of SEC Chair Gary Gensler. The Senator supports a new nominee who is expected to encourage innovation and create a more favorable environment for cryptocurrencies. Senator Tim Scott’s Support for Paul Atkins Senator Tim Scott (R-S.C.) announced his support for Paul Atkins, who has been nominated for a significant financial regulatory role. On January 7, he shared his criticism of Gary Gensler’s leadership on social media, emphasizing that Atkins’ experience in financial regulation is crucial to repairing the damage done by Gensler to U.S. capital markets and the economy. In his [&hellip;]
- [CBN Launches new accounts to attract Nigerian Diaspora Investments](https://diutocoinnews.com/2025/01/cbn-launches-new-accounts-to-attract-nigerian-diaspora-investments/): The Central Bank of Nigeria (CBN) has introduced two new types of accounts: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). These accounts are designed specifically for Nigerians living abroad to encourage them to invest in Nigeria. Purpose of the Accounts CBN explained that these accounts will make it easier for Nigerians abroad to access investment opportunities in Nigeria. This is also a way to involve them more in Nigeria’s economic growth and development. These accounts will allow Nigerians abroad to manage their funds directly, making it safer and simpler to handle financial obligations in Nigeria [&hellip;]
- [Ethiopia to Open Stock Exchange after 50 Years](https://diutocoinnews.com/2025/01/ethiopia-to-open-stock-exchange-after-50-years/): Ethiopia is preparing to reopen its stock exchange after it was shut down 50 years ago. This move aims to attract both local and international investors, signaling a step forward for the country&#8217;s economy. Economic Challenges in Recent Years: In 2023, Ethiopia faced major economic difficulties, with inflation surpassing 30%. However, by 2024, inflation had stabilized at 23.95%, despite ongoing conflicts with the Amhara militia group. Now, to strengthen its economy, the Ethiopian government is launching a stock market with the first offering being the sale of shares in Ethio Telecom, the state-owned telecommunications company. The goal is to raise 30 [&hellip;]
- [Czech National Bank Governor Considers Bitcoin for Reserves](https://diutocoinnews.com/2025/01/czech-national-bank-governor-considers-bitcoin-for-reserves/): Aleš Michl, the governor of the Czech National Bank, has expressed interest in Bitcoin as part of the bank’s strategy to diversify its foreign exchange reserves. While it wouldn’t be a large investment, it shows the bank’s willingness to explore cryptocurrency as a savings tool. Details of the New Development Michl revealed this interest of his via an interview with CNN Prima News. However, any decision to buy Bitcoin would need approval from the bank’s seven-member board and not the Governor alone. But, according to Janis Aliapulios, an adviser to the board, there are no current plans to purchase Bitcoin. Governor [&hellip;]
- [CoinEx Charity Program: Empowering Youths with Employable Skills for a Brighter Future](https://diutocoinnews.com/2025/01/coinex-charity-empowering-youths-with-skill/): In today&#8217;s rapidly evolving job market, it has become increasingly evident that traditional education alone is no longer sufficient to guarantee success. The modern workplace demands a unique blend of skills, knowledge, and adaptability, making it essential for individuals to continually update and refine their skill sets. Recognizing this need, the CoinEx Charity program has been at the forefront of providing young individuals with access to employable skills, empowering them to succeed in their chosen careers and make a positive impact in their communities. The CoinEx Charity Program: A Comprehensive Approach to Skills Development The CoinEx Charity program is a privately-funded [&hellip;]
- [Binance Partners with AltSchoolAfrica to Offer Free Tech Scholarships](https://diutocoinnews.com/2025/01/binance-partners-with-altschoolafrica-to-offer-free-tech-scholarships/): Binance, the world’s leading cryptocurrency exchange, has partnered with AltSchool Africa to provide an incredible opportunity for individuals across Sub-Saharan Africa. This is for them to kickstart their careers in tech; completely free of charge. The scholarship program, which aims to empower the next generation of African tech leaders, offers access to world-class courses in high-demand fields such as Product Management, Data Science, Cloud Engineering, Content Creation, Sales, and more. Details of the Scholarship Now, successful applicants will enjoy: However, to apply, candidates must: 1. Be from Sub-Saharan Africa. 2. Have a Binance account with complexted identity verification (KYC). Individuals who [&hellip;]
- [Crypto Payments Now Accepted at 1,400 South African Car Dealerships](https://diutocoinnews.com/2025/01/crypto-payments-now-accepted-at-1400-south-african-car-dealerships/): South African fintech startup 6DOT50 has partnered with BTS and Serti Solutions to facilitate cryptocurrency payments for vehicles at over 1,400 dealerships. Crypto Integration: Customers can use eight cryptocurrencies, including Bitcoin, to buy new and pre-owned vehicles. Risk-Free Transactions: 6DOT50’s voucher system bridges crypto and fiat currencies, eliminating volatility and integration challenges for dealerships. Expanding Crypto Use: Following its success with $1M in crypto transactions at 90,000 stores, 6DOT50 now expands crypto payments to the automotive sector. Streamlined Process: Buyers convert crypto to 6DOT50 vouchers, redeemable via the Seriti Solutions platform. This initiative positions 6DOT50 as a key player in broadening [&hellip;]
- [Korea’s Jeju To Issue Nft Tourist Cards](https://diutocoinnews.com/2025/01/koreas-jeju-to-issue-nft-tourist-cards/): Jeju Island, a popular tourist destination in South Korea, plans to introduce special digital tourist cards connected to NFTs (non-fungible tokens) to attract younger travelers, like millennials and Gen Z. These cards will provide perks and benefits for tourists visiting the island. Purpose of the NFT Tourist Cards:The goal is to make Jeju more appealing to younger generations and encourage them to visit repeatedly. The cards will offer discounts and travel benefits at attractions on the island. A trial is set to happen before the full launch in late 2025. Now, Jeju Island is known for its natural beauty, including hiking [&hellip;]
- [National Bank of Ethiopia Maintains Benchmark Rate at Inaugural MPC Meeting](https://diutocoinnews.com/2025/01/bank-of-ethiopia-maintains-benchmark-rate-at-inaugural-mpc-meeting/): The National Bank of Ethiopia has decided to keep the country’s main interest rate at 15% as they believe it is necessary to help lower the country’s high inflation rate and manage expectations about the value of Ethiopia&#8217;s currency. Details of The New Development Now, Ethiopia’s inflation rate is high, standing at 16.9% overall with food prices going up by 18.5%, and non-food items increasing by 14.4%. Credit (loans given out by banks) on their end grew by 19%, while the amount of money in the economy increased by 20% (broad money) and 17% (base money) as of November 2024. Then [&hellip;]
- [Nigeria’s 2025 Budget: Key Impacts on the Stock Market](https://diutocoinnews.com/2025/01/nigerias-2025-budget-key-impacts-on-the-stock-market/): Nigeria’s N49.74 trillion budget, with an N13.39 trillion deficit, highlights opportunities and risks for the stock market: Debt Dependency: 97.67% of the deficit will be debt-financed, straining finances and potentially crowding out private sector borrowing. Banking Sector Gains: Increased government borrowing could boost bank earnings, driving stock performance. Industrial Challenges: Rising borrowing costs and forex losses may erode profits and share prices in industrial and consumer goods sectors. Oil Volatility: Heavy reliance on oil revenue benefits companies like Seplat and Oando but risks instability with price fluctuations. Infrastructure Growth: N17.86 trillion for capital projects could uplift construction and industrial stocks like [&hellip;]
- [South African Man Arrested for Bitcoin-Funded Terrorism](https://diutocoinnews.com/2025/01/south-african-man-arrested-for-bitcoin-funded-terrorism/): A 35-year-old man in Johannesburg was arrested for allegedly using Bitcoin to fund terrorism, violating South Africa’s Protection of Constitutional Democracy Act. Investigation: Authorities began probing in 2018 after suspicious transactions flagged by the Financial Intelligence Centre. Bitcoin Use: In 2017, the suspect transferred $614 (ZAR11,500) in Bitcoin via Luno to a wallet linked to terror funding. Raid: A raid on Oct. 24 uncovered unsecured firearms and other evidence. The suspect will appear in court on Jan. 6, as authorities collaborate with global agencies to stop illicit financial flows.
- [Ripple’s 2025 Vision for Middle East and Africa](https://diutocoinnews.com/2025/01/ripples-2025-vision-for-middle-east-and-africa/): Ripple’s Managing Director for MEA, Reece Merrick, has outlined an ambitious roadmap for the region, positioning it as a leader in blockchain and crypto innovation by 2025. Key Highlights: UAE’s Leadership: The UAE is becoming a global crypto hub with its progressive regulations and adoption of dirham-backed and foreign stablecoins, enabling safer and faster financial systems. Stablecoins and Remittances: Stablecoins are transforming cross-border payments, reducing costs, and fostering economic growth across MEA, South Asia, and Africa. Tokenization Growth: The region is leveraging blockchain to tokenize bonds, sukuk, and other assets, bridging traditional finance and blockchain innovation. Regional Expansion: Countries like Saudi [&hellip;]
- [Binance Secures Approval in Brazil](https://diutocoinnews.com/2025/01/binance-secures-approval-in-brazil/): Binance, the world’s most licensed cryptocurrency exchange, has received approval from Brazil’s Central Bank to acquire Sim;paul, a licensed broker-dealer. This marks Binance’s 21st global regulatory milestone and strengthens its foothold in Latin America’s growing crypto market. Key Highlights Strategic Expansion: Brazil, ranked 10th in global crypto adoption by Chainalysis, is a key market for Binance, thanks to its active crypto community and regulatory efforts. CEO Statement: Binance CEO Richard Teng emphasized the importance of the approval in fostering crypto adoption and praised Brazil&#8217;s clear regulatory framework. Regulatory Commitment: Binance has expanded its compliance team by 34%, now exceeding 1,000 professionals, [&hellip;]
- [China Tightens Crypto Trade](https://diutocoinnews.com/2025/01/china-tightens-crypto-trade/): China’s foreign exchange regulator has introduced new rules requiring Chinese banks to monitor risky trades related to crypto assets. These rules are aimed at curbing illegal activities such as cross-border crypto trading. Details of These Restrictions As reported on Dec. 31, the new rules will make it harder for Chinese residents to purchase digital assets. This is part of China’s ongoing effort to limit the use of cryptocurrencies.Now, banks in China are required to track and report suspicious foreign exchange activities, including cross-border gambling, underground banking, and illegal financial activities involving cryptocurrencies. The new regulations also mandate banks to monitor individuals [&hellip;]
- [December Records Lowest Crypto Hacks in 2024](https://diutocoinnews.com/2025/01/december-records-lowest-crypto-hacks-in-2024/): The crypto industry faced over 25 hacks in December 2024, causing $24.69 million in losses, a 71% drop from November, according to blockchain security firm PeckShield. This makes December one of the least damaging months of the year. Key Hacks: &#8211; LastPass: $12.38 million &#8211; Yeifinance, GemPad, MEMECoin Drainer: $2.2 million each &#8211; FEGToken: $1.3 million Stolen funds were traced through platforms like ChangeNOW and Tornado Cash, with 550 ETH, USDC, and Bitcoin identified. Broader Trends: In 2024, crypto hacks totaled nearly $3 billion, with access control vulnerabilities responsible for 78% of losses. Scam types varied globally, with &#8220;pig butchering&#8221; leading [&hellip;]
- [Malaysia Orders Bybit to Cease Operations](https://diutocoinnews.com/2025/01/malaysia-orders-bybit-to-cease-operation/): Malaysia&#8217;s Securities Commission (SC) has ordered cryptocurrency exchange Bybit to shut down for operating an unregistered digital asset exchange (DAX). Bybit was directed to: Bybit’s CEO, Ben Zhou, was tasked with ensuring compliance, and the SC confirmed the company adhered to these orders by Dec. 27. The SC warned investors to use only registered platforms to avoid risks like fraud and money laundering, as unlicensed platforms operate outside legal protections. This follows Bybit’s exit from France due to increased regulatory scrutiny and Malaysia’s broader crackdown on crypto crimes, including raids on tax-evading firms and bans on unregistered operators like Atomic Wallet.
- [Nigeria's Financial Inclusion Goals Threatened](https://diutocoinnews.com/2024/12/nigerias-financial-inclusion-goals-threatened/): Despite progress in financial inclusion, Nigeria faces a major setback as fraud cases surge with data from the Financial Institutions Training Centre (FITC) showing a 65% rise in fraud incidents, with attackers attempting to steal N115.9 billion in Q3 2024 alone—a 105% jump from Q2. Surpassing the N9.4 billion recorded in 2023, losses for the first nine months of 2024 stand at N53.4 billion. These incidents have shaken public confidence, with victims like traders and farmers losing life savings, discouraging many Nigerians from adopting digital financial services. This skepticism poses a threat to the country&#8217;s goal of 95% financial inclusion by [&hellip;]
- [Binance Expands Crypto Access in Africa with Mobile Money Integration](https://diutocoinnews.com/2024/12/binance-expands-crypto-access-in-africa-with-mobile-money-integration/): Binance, by means of integrating mobile money services, is enhancing crypto accessibility in West and Central Africa enabling users to buy and sell digital tokens without a bank account. This move has bolstered trading volumes in countries like Ghana, Tanzania, and Uganda. Recently, Ghana lifted its crypto ban, introducing regulations to oversee Virtual Asset Service Providers (VASPs) and combat financial crimes, positioning itself as a leader in Africa’s crypto market. In Nigeria, Binance welcomed the dismissal of charges against a former executive, underscoring its commitment to compliance amid scrutiny. In partnership with the Stellar Development Foundation, Actor Idris Elba, is promoting [&hellip;]
- [NGX Targets Gen Z and Millennials with Asset Tokenization](https://diutocoinnews.com/2024/12/ngx-targets-gen-z-and-millennials-with-asset-tokenization/): Speaking at the 2024 Investor Summit &amp; Awards Dinner, NGX CEO Jude Chiemeka emphasized the need for innovation to meet the preferences of Gen Zs and Millennials, who seek opportunities beyond traditional assets, hence, the Nigerian Exchange Limited (NGX) plans to attract younger investors by tokenizing Nigerian assets, offering higher returns, and introducing blockchain-like solutions. He noted expanding retail trading activity, with $7 million in daily transactions, and detailed strategies to improve liquidity, including market-making, securities lending, and derivatives trading.LWith the All-Share Index (ASI) rising to 34.38% year-to-date, signaling resilience and investor confidence, the NGX aims to modernize Nigeria’s market and [&hellip;]
- [La Rosa Holdings Lists on Nasdaq](https://diutocoinnews.com/2024/12/la-rosa-holdings-lists-on-nasdaq/): La Rosa Holdings, a real estate company listed on Nasdaq, will allow its 3,000+ real estate agents in the U.S. to receive their commissions in Bitcoin or other cryptocurrencies. A 2% fee will apply for this service. Details About La Rosa Realty’s Platform The company operates a platform, La Rosa Realty, that supports agents in buying, selling, and managing properties, as well as communicating with clients. Now, La Rosa Holdings reported significant growth, with a 155% increase in revenue for the first nine months of 2024, reaching $51.7 million. Agents can choose between two payment plans: a 100% commission plan or [&hellip;]
- [Not All Crypto Firms Will Meet Registration Standards](https://diutocoinnews.com/2024/12/not-all-crypto-firms-will-meet-registration-standards/): The SEC Director-General, Dr. Emotimi Agama, has cautioned that some crypto companies applying for registration under the Regulatory Incubation (RI) and Accelerated Regulatory Incubation Programme (ARIP) may not qualify highlighting the complexities of registration, involving ongoing monitoring, education, and surveillance, and stressed the SEC’s commitment to transparency and fairness. While Quidax and Busha recently received approval-in-principle, Agama confirmed that not all applications under review would succeed. Key Updates: Regulatory Leadership: Nigeria aims to lead in crypto regulation with a new law pending Presidential assent to strengthen oversight. New Rules: Virtual Asset Service Providers (VASPs) must register before promotions and crypto influencers [&hellip;]
- [Bo Hines to head US crypto council](https://diutocoinnews.com/2024/12/bo-hines-to-head-us-crypto-council/): Donald Trump, the U.S. president-elect, has appointed Bo Hines, a former college football player, as the executive director of a new advisory group called the “Crypto Council.” This group aims to promote growth and innovation in the digital assets industry. Announcement of the Crypto Council Trump announced on his social media platform, Truth Social, that Bo Hines would take this role under the leadership of David Sacks, Trump’s chosen expert in crypto and artificial intelligence. In his role, Bo Hines will work alongside David Sacks to ensure that leaders in the digital assets industry have the tools and support they need [&hellip;]
- [Botswana Central Bank Flags Minimal Crypto Risks Urging Regulation](https://diutocoinnews.com/2024/12/botswana-central-bank-flags-minimal-crypto-risks-urging-regulation/): Botswana&#8217;s central bank has identified minimal risks to the country’s financial stability from its undeveloped crypto market however, emphasizing the need for regulatory frameworks to address potential future concerns. The bank highlighted, in its Financial Stability report,  that while crypto’s current impact is limited, increasing integration with the financial system could introduce systemic risks, which occur when interconnected failures in the system cause nationwide economic consequences. Key Highlights: Minimal Risks for Now: Crypto assets pose minimal threats domestically, but ongoing misconduct and technological advancements require regulatory oversight. Money Laundering Concerns: Digital payment platforms that enable anonymity are listed among the top [&hellip;]
- [Nigerian Stock Market Weekly Wrap (Dec 20, 2024)](https://diutocoinnews.com/2024/12/nigerian-stock-market-weekly-wrap-dec-20-2024/): The All-Share Index (ASI) surged by 1.76% to close at 101,129.09, breaking the 100,000 and 101,000 milestones. Market capitalization also crossed N61 trillion, closing at N61.3 trillion, despite a 7.2% drop in trading volume. Sector Highlights: Insurance: +8.83%, led by Coronation Insurance and SUNU Assurances. Banking: +3.23%, driven by Jaiz Bank and Zenith Bank. Consumer Goods: +2.92%, fueled by Honeywell Flour Mills (+30%). Oil &amp; Gas: +0.99%, while Industrial fell by 0.86%. Top Gainers: MRS Oil Nigeria Plc: +36.36% Eterna Plc: +32.36% Honeywell Flour Mills Plc: +31.52% Top Losers: John Holt Plc: -18.67% Multiverse Mining Plc: -18.58% University Press Plc: -16.27% [&hellip;]
- [Bitcoin Drops to $92,118 as Crypto Economy Shrinks by Nearly 12%](https://diutocoinnews.com/2024/12/bitcoin-drops-to-92118-as-crypto-economy-shrinks-by-nearly-12/): Bitcoin’s price fell sharply, dropping over 9% to $92,118 (at 6:30 a.m., 21st of December, 2024 Eastern Time). This was one of the steepest declines for the cryptocurrency this month. The Impact of the drop on the Crypto Market The entire cryptocurrency market also faced a major downturn, losing 11.94% of its value and dropping to a total market cap of $3.13 trillion. Other cryptocurrencies (altcoins) also experienced large losses. Coins like GIGA, CVX, TEL, and GOAT fell between 24% and 27% in one day, causing panic among investors. The chaos spread to the derivatives market (where people trade on predictions [&hellip;]
- [Crypto Adoption Rises Among Africa's Youth](https://diutocoinnews.com/2024/12/crypto-adoption-rises-among-africas-youth/): Fueled by inflation, currency devaluation, and limited banking access, Africa&#8217;s tech-savvy youth are driving rapid cryptocurrency adoption with digital assets like Bitcoin offering financial inclusion, fast cross-border transactions, and wealth preservation. Key Highlights: Nigeria ranking 2nd globally in crypto adoption (2024 Chainalysis Report). Mobile Growth Sub-Saharan Africa holding 43% of global mobile money accounts. Positive Sentiment Rising approval of crypto aligns with innovative blockchain applications. With robust mobile penetration and rising demand, Africa’s youth position the continent as a growing global crypto hub.
- [Ethena Labs partners with Trump’s World Liberty Financial](https://diutocoinnews.com/2024/12/ethena-labs-partners-with-trumps-world-liberty-financial/): Ethena, a decentralized finance (DeFi) protocol, has partnered with World Liberty Financial, a company backed by Donald Trump to combine Ethena&#8217;s &#8220;synthetic dollar&#8221; token (USDe) with World Liberty&#8217;s financial tools. This announcement of this partnership was made on Dec. 18. Users can deposit Ethena&#8217;s sUSDe token (a staked version of USDe) and earn rewards in both sUSDe and World Liberty&#8217;s WLF token. Details from the Announcement Ethena explained the partnership via a post on X (formerly Twitter). If the plan is approved, users of World Liberty Financial will benefit from two reward streams (sUSDe and WLF tokens). The partnership is expected [&hellip;]
- [Cristiano Ronaldo and Binance team up to launch football skills collectibles](https://diutocoinnews.com/2024/12/cristiano-ronaldo-and-binance-team-up-to-launch-football-skills-collectibles/): Cristiano Ronaldo, football legend, and Binance, a global cryptocurrency exchange, have teamed up to launch “ForeverSkills,” a collection of digital items celebrating Ronaldo’s famous football skills. Purpose of the Initiative Sports fans often feel limited by just watching highlights or games. They want to be more involved in the sport they love—learning and showcasing their skills rather than being passive observers. They no  longer want to just watch their favorite athletes; they want to actively participate in the experience, moving beyond just being spectators. Hence, “ForeverSkills” bridges this gap by using blockchain technology. It allows fans to celebrate Ronaldo’s career by [&hellip;]
- [Nigeria’s Fiscal Deficit Hits N7 Trillion in Q3 2024](https://diutocoinnews.com/2024/12/nigerias-fiscal-deficit-hits-n7-trillion-in-q3-2024/): President Bola Ahmed Tinubu, during the presentation of the 2025 Budget of Restoration, revealed that Nigeria recorded a N7.05 trillion fiscal deficit by the third quarter of 2024. This deficit takes origin from the N14.55 trillion revenue generated (75% of target) and N21.60 trillion expenditure (85% of budget), reflecting the government’s reliance on borrowing to fund spending. Budget Overview 2024 Budget: N35 trillion, with a projected deficit of N9.2 trillion. 2025 Proposal: N47.90 trillion budget, N34.8 trillion revenue, N13.1 trillion deficit. Economic Recovery Highlights GDP Growth: 3.46% in Q3 2024, up from 2.54% in Q3 2023. Foreign Reserves: $42 billion. Trade [&hellip;]
- [Crypto Industry in South Africa Booms in 2024](https://diutocoinnews.com/2024/12/crypto-industry-in-south-africa-2024/): 2024 was a strong year for South Africa&#8217;s cryptocurrency market, heightened by significant growth and milestones. Bitcoin Breaks $100,000 Driven by global events like the U.S. president-elect Donald Trump&#8217;s crypto-friendly campaign, Bitcoin hit $100,000 (R1.7 million) in November. Bitcoin also surpassed a $2 trillion market cap, prompting predictions that it could one day exceed gold’s value. Regulatory Clarity South Africa’s Financial Sector Conduct Authority (FSCA) granted licenses to several Crypto Asset Service Providers (CASPs), offering much-needed regulatory certainty. Memecoins Rise Coins like Dogecoin and Shiba Inu saw massive price increases in 2024, fueled by celebrity support. Expert Insights Farzam Ehsani (VALR [&hellip;]
- [Nigeria’s Sovereign Sukuk Records N2.2 Trillion in Subscriptions, Oversubscribed by 735%](https://diutocoinnews.com/2025/05/nigerias-sovereign-sukuk-records-n2-2-trillion-in-subscriptions-oversubscribed-by-735/): Nigeria’s Sovereign Sukuk hits N2.2 trillion in subscriptions, fueling nationwide infrastructure while showcasing massive investor appetite for ethical finance. The Debt Management Office (DMO) has confirmed that the Federal Government of Nigeria has secured N2.205 trillion in total subscriptions through its Sovereign Sukuk program since its launch in 2017, marking an oversubscription rate of 735%. The announcement came via a DMO circular released on May 28, 2025, just weeks after the office announced the latest issuance of a ₦300 billion 7-year Ijarah Sukuk to fund road and bridge projects across the country’s six geopolitical zones. “It is clear evidence of investor [&hellip;]
- [Blockchain.com Expands to Nigeria Amid Africa’s Evolving Crypto Regulation](https://diutocoinnews.com/2025/05/blockchain-com-expands-to-nigeria-amid-africas-evolving-crypto-regulation/): Blockchain.com enters Nigeria with a physical office, reflecting Africa’s maturing crypto regulation and rising demand across key markets. Blockchain.com, the UK-based cryptocurrency exchange, is launching a physical office in Nigeria in Q2 2025, marking a major milestone in its African expansion strategy. According to Bloomberg, Nigeria is the company’s fastest-growing market in West Africa, with operations also planned in Ghana, Kenya, and South Africa. “Nigeria has taken meaningful steps toward creating a clear framework for crypto,” said Owenize Odia, Blockchain.com’s General Manager for Africa. Why Nigeria?1. Nigeria recently enacted new securities laws for digital assets.2. Its youthful population and currency volatility [&hellip;]
- [EFCC Recovers Funds from Collapsed CBEX Crypto Ponzi Scheme, Arrests Suspects, Tracks Stolen Crypto](https://diutocoinnews.com/2025/05/efcc-recovers-funds-from-collapsed-cbex-crypto-ponzi-scheme-arrests-suspects-tracks-stolen-crypto/): EFCC intensifies crackdown on collapsed CBEX crypto Ponzi scheme, recovering funds and hunting suspects behind Nigeria’s N1.3 trillion loss. The Economic and Financial Crimes Commission (EFCC) has confirmed progress in its investigation into the Crypto Bridge Exchange (CBEX) Ponzi scheme that collapsed in April, reportedly wiping out N1.3 trillion in investor funds. Partial Recovery AchievedEFCC Chairman Ola Olukoyede told TVC News on Sunday that:“We have gone far with CBEX. We have been able to recover a reasonable amount of money.”However, he did not disclose the exact figure, citing ongoing efforts and the sensitive nature of the investigation. Challenges in Crypto RecoveryOlukoyede [&hellip;]
- [SEC DG Emomotimi Agama Charts Future-Ready Vision for Nigeria’s Financial Markets at NCMA Awards](https://diutocoinnews.com/2025/05/sec-dg-emomotimi-agama-charts-future-ready-vision-for-nigerias-financial-markets-at-ncma-awards/): Nigeria’s SEC is charging ahead with digital innovation and regulatory reform to build a resilient, inclusive, and globally competitive capital market. At the inaugural Nairametrics Capital Market Choice Awards (NCMA) in Lagos, SEC Director-General Emomotimi Agama outlined a bold vision for Nigeria’s capital markets—centered on innovation, digital transformation, and regulatory modernization. Innovation at the CoreAgama emphasized that:“Financial markets must evolve continuously, integrating greater efficiency, security, and innovation.”He stressed that modern infrastructure—clearinghouses, trading platforms, surveillance tools—is vital to market transformation, positioning Nigeria for regional integration and global competitiveness. ISA 2025: A Game-Changing ReformA highlight of his speech was the newly passed Investment [&hellip;]
- [Naira Closes Strong at N1,579/$1 as CBN Reforms Boost Investor Confidence](https://diutocoinnews.com/2025/05/naira-closes-strong-at-n1579-1-as-cbn-reforms-boost-investor-confidence/): The naira strengthens against the dollar amid CBN reforms, signaling growing investor confidence and relative FX market stability. The naira ended the week stronger, closing at N1,579/$1 on Friday, May 23, gaining from N1,599.01/$1 the previous week, according to data from the Central Bank of Nigeria (CBN). Despite a brief dip to N1,586/$1 on Thursday, the local currency showed consistent appreciation throughout the week. Weekly Performance• Monday: N1,597/$1• Tuesday: N1,588.5/$1• Wednesday: N1,583/$1• Thursday: N1,586/$1• Friday: N1,579/$1 (range: N1,575.13 – N1,585/$1) The parallel market remained stable, holding at N1,620/$1 on Thursday and Friday, following minor gains earlier in the week. Mixed Moves [&hellip;]
- [South African Court: Crypto Not 'Money' or 'Capital'—Exchange Controls Don't Apply](https://diutocoinnews.com/2025/05/south-african-court-crypto-not-money-or-capital-exchange-controls-dont-apply/): A landmark South African court ruling exempts crypto from exchange controls, triggering potential capital flow shifts and regulatory urgency. In a major ruling last week, South Africa’s High Court declared that cryptocurrencies fall outside the country’s exchange control laws, setting a significant legal precedent. The decision came as Standard Bank challenged the South African Reserve Bank (SARB) over R16.4 million (~$1 million) it had forfeited from a client account involved in offshore crypto transfers. Why It MattersThe court ruled crypto is not “money” or “capital” under existing law.SARB lost because the judge interpreted the law narrowly, stating: “Cryptocurrency is not money. [&hellip;]
- [Confidential Transactions (CTs): The Privacy Layer of Blockchain](https://diutocoinnews.com/2025/05/confidential-transactions-cts-the-privacy-layer-of-blockchain/): Blockchain transparency meets privacy. Confidential Transactions cloak amounts without breaking trust—guarding your financial secrets on an open ledger. Confidential Transactions (CTs) are cryptographic protocols designed to conceal the amount and type of asset being transferred on a blockchain—ensuring transactional privacy without sacrificing the integrity or verifiability of the network. In a standard blockchain (e.g., Bitcoin), transaction amounts are publicly visible. While the identities behind wallet addresses may be pseudonymous, anyone with access to the ledger can observe transaction flows and amounts. CTs introduce privacy by default, allowing two parties to transact without disclosing sensitive financial details to the public. Why Confidential [&hellip;]
- [What Is DeFi (Decentralized Finance)?](https://diutocoinnews.com/2025/05/what-is-defi-decentralized-finance/): Banks once ruled. Now code commands. DeFi is the uprising—no branches, no bankers, just you, your wallet, and math. DeFi, short for Decentralized Finance, refers to a financial ecosystem built on blockchain technology that enables users to access financial services—such as lending, borrowing, trading, and investing—without relying on traditional intermediaries like banks or brokerages. In DeFi, individuals interact directly with smart contracts using crypto wallets. This disintermediation reduces transaction costs, enhances accessibility, and offers faster execution compared to conventional financial systems. How Does DeFi Work?DeFi operates on public blockchains—primarily Ethereum—using smart contracts to automate transactions. Instead of relying on centralized institutions, [&hellip;]
- [What Is Decentralized Data Storage?](https://diutocoinnews.com/2025/05/16413/): When cloud giants falter and trust erodes, a new solution rises—one where your data isn&#8217;t owned, watched, or ever held hostage. Decentralized data storage refers to a system in which digital files are distributed across a network of independent nodes (computers) rather than being stored in a single centralized location such as a server owned by a company. In traditional (centralized) storage models—like those used by Google Drive or Dropbox—all data is stored and managed by a single provider. This creates a single point of failure: if that server experiences issues, data can become inaccessible or be lost altogether. In contrast, [&hellip;]
- ["Crypto is Hope": Quidax CEO Urges Global Builders to Partner with Africa](https://diutocoinnews.com/2025/05/crypto-is-hope-quidax-ceo-urges-global-builders-to-partner-with-africa/): Quidax CEO Buchi Okoro calls for global-local partnerships to unlock Africa’s crypto potential at Consensus 2025. At Consensus 2025, Buchi Okoro, CEO of Nigerian exchange Quidax, made a passionate appeal for global collaboration with Africa’s crypto innovators. Highlighting his own journey, he argued that in Africa, crypto isn’t just finance—it’s freedom. “Crypto is not hype; it is hope… Join us to build the future of Africa,” Okoro told the audience. He stressed that digital assets offer an escape from inflation, costly remittances, and financial exclusion—making Africa a natural home for Satoshi’s vision. The Bigger Picture• Sub-Saharan Africa leads global DeFi adoption, [&hellip;]
- [Bitcoin Surges to Record High Above $109K Amid Market Optimism](https://diutocoinnews.com/2025/05/6bitcoin-surges-to-record-high-above-109k-amid-market-optimism/): Bitcoin hits a new all-time high amid improving risk sentiment, dollar weakness, and growing traditional finance involvement in crypto. Bitcoin soared to a record $109,481.83 on Wednesday, marking a 2% daily gain and surpassing its previous January peak. The rally comes as risk appetite rebounds following last month’s tariff-driven sell-off. The tech-heavy Nasdaq has climbed 30% since April’s lows, while a weaker U.S. dollar has further bolstered Bitcoin’s value. Crypto often moves in tandem with tech stocks, benefiting from bullish investor sentiment. Institutional signals are fueling confidence✗ JPMorgan CEO Jamie Dimon, once a crypto skeptic, acknowledged client demand for Bitcoin. ✗ [&hellip;]
- [Ugandan Crypto Founder Abducted in Rising Wave of Attacks](https://diutocoinnews.com/2025/05/ugandan-crypto-founder-abducted-in-rising-wave-of-attacks/): Crypto-related abductions are now targeting Africa, with a Ugandan blockchain founder attacked by armed criminals posing as law enforcement. Festo Ivaibi, founder of Uganda’s Mitroplus Labs, was kidnapped on May 17 by armed criminals posing as security officers. They demanded $500,000 and access to his crypto wallets, transferring funds to a Trust Wallet before releasing him. The attack briefly impacted the Afro memecoin launched by Mitroplus. This follows similar abduction attempts in France, signaling a growing global threat to crypto holders. Ivaibi claims 48 related cases exist, with 7 linked to the same gang—allegedly involving fake traders, rogue officers, and two [&hellip;]
- [Crypto Wallets 2025 Report: Wallets Evolve Into Web3’s Operating System](https://diutocoinnews.com/2025/05/crypto-wallets-2025-report-wallets-evolve-into-web3s-operating-system/): Crypto wallets have evolved beyond storage into powerful, app-native platforms redefining onboarding, UX, and financial access globally. The Dune “Crypto Wallets 2025” report reveals explosive wallet growth and a transformative shift from simple storage to dynamic platforms powering DeFi, NFTs, gaming, and more. Key Stats &amp; Trends1. 1.68B+ total wallets (EOAs + smart contract wallets) 2. 80% created post-20223. ERC-4337 wallets now outpace EOAs monthly on Ethereum4. Solana leads daily active wallets (54% in 2024)5. Mobile-first &amp; embedded wallets dominate onboarding Wallet Evolution in 2025• Rise of specialized wallets: gaming, social, L2-native, and smart contract wallets• Account Abstraction (AA): improving UX [&hellip;]
- [Kenya’s Diaspora Remittances Hit $423M in April, Surpass Traditional Exports](https://diutocoinnews.com/2025/05/kenyas-diaspora-remittances-hit-423m-in-april-surpass-traditional-exports/): Kenya’s diaspora remittances hit record levels in April 2025, surpassing exports like tea and tourism in forex earnings. Diaspora remittances surged to $422.9 million in April 2025, up 6.4% YoY from April 2024’s $397.3 million, per CBK data. 12-Month Total (May 2024–Apr 2025):✓ $4.997 billion, up 12.1% from the previous year✓ Outpaced earnings from tea, coffee, and tourism Top Remittance Sources✓ United States (56%)✓ United Kingdom✓ Germany✓ Canada✓ Gulf states Growth Drivers• Expanding diaspora (3M+)• Easier digital transfers• Strong global job market• Rising financial literacy Impact• Supports household needs, education, healthcare, and investments• Strengthens FX reserves and current account balance Concerns• [&hellip;]
- [Naira Strengthens Slightly, Inflation Dips to 23.71%](https://diutocoinnews.com/2025/05/naira-strengthens-slightly-inflation-dips-to-23-71/): The naira held steady at the official market, even as parallel rates slipped and inflation eased for the first time in months. The naira closed the week stronger at N1,599.01/$1 (official market), up from N1,599.99/$1 Thursday. Intra-day swings hit N1,603.50/$1 (high) and N1,597.00/$1 (low). Weekly Official Rates Mon: N1,597.70Tue: N1,599.75Wed: N1,596.01Thu: N1,599.99Fri: N1,599.01 Parallel Market√ Started week at N1,633/$1, ended at N1,628/$1√ Peak depreciation at N1,635/$1 (Thursday) due to import demand Inflation√. Dropped to 23.71% in April, down from 24.23% in March√. First decline in months offers slight economic relief External Reserves√. Rose by $364 million (April 30–May 14) to $38.298 [&hellip;]
- [Nigerian Stocks Rise 0.22%, ASI Nears 110,000](https://diutocoinnews.com/2025/05/nigerian-stocks-rise-0-22-asi-nears-110000/): The Nigerian stock market climbed closer to the 110,000 mark on May 16, despite a steep drop in volume. The All-Share Index (ASI) gained 0.22% to close at 109,710.37 on May 16, 2025, up 242.71 points. Market capitalization rose slightly to N68.9 trillion, while trading volume dropped 40.8% to 431.7 million shares. Top GainersNNFM, TRANSEXPR, CHAMPION, and HONYFLOUR hit +10%. BETAGLAS rose 9.99%. Top LosersINTENEGINS (-9.57%) and MULTIVERSE (-9.55%) led declines. Most TradedVolume: ACCESSCORP (32M), GTCO (30.8M), AIICO (28.9M) Value: GTCO (N2.09B), ACCESSCORP (N739.6M), ZENITHBANK (N735.1M) SWOOTs &amp; FUGAZLAFARGE (+1.92%), INTBREW (+0.53%), FIDELITYBK (-0.95%)ACCESSCORP (+6.82%), FIRSTHOLD (+0.40%), GTCO (-0.80%) The ASI [&hellip;]
- [Nigeria’s External Reserves Rebound by $364 Million, Breaking 2025 Downtrend](https://diutocoinnews.com/2025/05/nigerias-external-reserves-rebound-by-364-million-breaking-2025-downtrend/): Nigeria’s external reserves post their first sustained rise in 2025, signaling a potential turning point for FX market stability. Nigeria’s foreign reserves have recorded their first consistent rebound of 2025, rising by $364 million between April 30 and May 14, according to new data from the Central Bank of Nigeria (CBN). Reserves climbed from $37.934 billion to $38.298 billion—up 0.96% in two weeks—marking the first uninterrupted rise since January 6, when reserves peaked at $40.92 billion before entering a months-long decline driven by external debt pressures, weak oil output, and forex demand. This turnaround is seen as a reflection of renewed [&hellip;]
- [Understanding Crypto Dust and Dusting Attacks](https://diutocoinnews.com/2025/05/understanding-crypto-dust-and-dusting-attacks/): It starts with a speck—harmless dust. But blink, and your wallet’s the scene of a cybercrime thriller. Crypto dust refers to minuscule amounts of cryptocurrency—so small that they are effectively unspendable due to transaction fees exceeding their value. For example, receiving 0.00000005 BTC may sound like a token gift, but in practice, it’s unusable because moving it would cost more than it’s worth. These tiny fragments typically arise from: 1. Leftover change from trading or transferring crypto. 2. Automated microtransactions. 3. Intentional deposits as part of a larger strategy, sometimes malicious. What Is a Dusting Attack? A dusting attack is a [&hellip;]
- [Reentrancy Attacks in Smart Contracts: A Persistent Security Threat](https://diutocoinnews.com/2025/05/reentrancy-attacks-in-smart-contracts-a-persistent-security-threat/): One call. Infinite drains. Billions lost. Reentrancy attacks don’t knock—they loop. And when they do? Your smart contract bleeds until it’s empty. Ethereum revolutionized blockchain by introducing smart contracts and enabling decentralized applications (dApps) via the Ethereum Virtual Machine (EVM). However, with the rise of programmable contracts came new vulnerabilities—among them, one of the earliest and most notorious: the reentrancy attack. Despite being well-documented since 2016, reentrancy attacks continue to pose serious risks to smart contract security. This document provides a comprehensive explanation of how they work, notable historical examples, their variants, and why they remain relevant. What Is a Reentrancy [&hellip;]
- [EFCC Removes Elie Bitar from CBEX Crypto Fraud Wanted List](https://diutocoinnews.com/2025/05/efcc-removes-elie-bitar-from-cbex-crypto-fraud-wanted-list/): The EFCC has cleared Elie Bitar of wrongdoing in the CBEX crypto fraud case after reassessing evidence. The Economic and Financial Crimes Commission (EFCC) has officially removed Elie Bitar, 41, from its wanted list over the Crypto Bridge Exchange (CBEX) fraud, citing new information that invalidates his implication. Bitar was one of eight individuals declared wanted on May 1 for a multi-million-naira crypto scam that defrauded numerous Nigerians. However, in a statement released Wednesday, the EFCC confirmed his removal, while emphasizing that investigations are ongoing. &#8220;The Commission is making good progress in its investigations. Law enforcement agencies across the world are [&hellip;]
- [What Is Bitcoin Halving?](https://diutocoinnews.com/2025/05/what-is-a-bitcoin-halving/): They&#8217;re halving Bitcoin—knife, axe, or chainsaw? Is it bread? Fish? Why slice it at all? Because survival demands sacrifice. Halving isn’t optional—it’s destiny. A Bitcoin halving is a scheduled event that occurs approximately every four years, wherein the reward granted to miners for validating transactions and securing the Bitcoin network is reduced by 50%. This mechanism is hardcoded into Bitcoin’s protocol to regulate supply and simulate digital scarcity. For example, as of April 20, 2024, the block reward was reduced from 6.25 BTC to 3.125 BTC. This process will continue roughly every four years until the total supply of 21 million [&hellip;]
- [Africa’s Billion-Dollar Gap: South Africa Leads, Others Trail](https://diutocoinnews.com/2025/05/africas-billion-dollar-gap-south-africa-leads-others-trail/): South Africa leads Africa&#8217;s billion-dollar business landscape, exposing deep imbalances in investment and scalability across the continent. South Africa is home to 43 companies valued over $1 billion, far outpacing Nigeria and Egypt, which each host just one. This imbalance reveals Africa’s struggle with scaling businesses continent-wide. Globally, Africa contributes just 1% of the 5,522 billion-dollar firms, with the U.S. alone accounting for 1,873. Asia-Pacific leads the rest, while Africa and Latin America combined make up only 4%. The disparity stems from structural issues—limited capital access, infrastructure gaps, and concentrated investment. Most African giants operate in oil, mining, consumer goods, telecoms, [&hellip;]
- [CBN Set&nbsp; for 300th Monetary Policy Meeting](https://diutocoinnews.com/2025/05/cbn-set-for-300th-monetary-policy-meeting/): Nigeria’s Central Bank will hold its landmark 300th monetary policy meeting amid inflation worries and naira instability. The Central Bank of Nigeria will host its 300th MPC meeting on May 19 and 20, 2025, in Abuja. This milestone session comes amid persistent inflation and exchange rate volatility under Governor Olayemi Cardoso’s reform agenda. The MPC is expected to decide whether to hold or raise the benchmark rate (27.5%) in response to stubborn inflation and a weakened naira. Cardoso recently reiterated his commitment to orthodox monetary policy, expressing confidence that inflation will ease over time if the current path is maintained. With [&hellip;]
- [From Dream Job to Digital Slavery: How Rwandan Youth Are Trapped in Southeast Asia's Crypto Scam Networks](https://diutocoinnews.com/2025/05/from-dream-job-to-digital-slavery-how-rwandan-youth-are-trapped-in-southeast-asias-crypto-scam-networks/): A Rwandan man&#8217;s dream job abroad turned into a trafficking nightmare, exposing crypto scam syndicates exploiting African youth in Southeast Asia. The Bait: A Lucrative Job OfferIn late 2023, Fred Mugabo (name changed) received a too-good-to-be-true offer: over $2,500/month, free housing, meals, internet, and commissions—to work in sales for a Chinese company.The offer came from a former university acquaintance. Fred trusted him. That trust would soon cost him dearly. The Trap Unfolds: A Journey to LaosFred paid for his own visa and plane ticket after being assured it was just a favor.He was introduced to a Rwandan “agent” and another traveler [&hellip;]
- [Ethiopia Emerges as a Bitcoin Mining Powerhouse Fueled by Renewable Energy](https://diutocoinnews.com/2025/05/ethiopia-emerges-as-a-bitcoin-mining-powerhouse-fueled-by-renewable-energy/): Ethiopia is leveraging its hydropower surplus to become a key player in global Bitcoin mining and Africa’s digital economy. Why Ethiopia is in the Crypto Spotlight 1. Hydropower Advantage: The Grand Ethiopian Renaissance Dam (GERD) produces 16,000 GWh/year, far more than the country consumes. 2. Cheap Electricity: Electricity prices are less than half of what miners pay in the U.S., enabling efficient Bitcoin mining. 3. Post-China Ban Opportunity: After China banned Bitcoin mining in 2021, Ethiopia seized the opportunity to attract displaced miners. Major firms like: 1. BitFuFu 2. Munich International Mining (MIM) 3. BIT Mining (BTCM)have already invested over $14 [&hellip;]
- [Worldcoin Ordered to Delete Biometric Data of Over 300,000 Kenyans](https://diutocoinnews.com/2025/05/worldcoin-ordered-to-delete-biometric-data-of-over-300000-kenyans/): Kenya’s High Court orders Worldcoin to delete biometric data from 300,000+ citizens, citing violations of national data laws. Kenya’s High Court has ruled that Worldcoin, the biometric crypto project co-founded by OpenAI’s Sam Altman, must delete all biometric data it collected from over 300,000 Kenyan citizens within seven days. Why the Ruling? 1. Violation of Kenya’s Data Protection Act (2019) 2. Lack of valid consent 3. No Data Protection Impact Assessment (DPIA) 4. Improper financial inducement: Kenyans were offered Ksh7,000 ($50) worth of crypto in exchange for iris scans What the Court Ordered 1. Immediate deletion of iris and facial data [&hellip;]
- [](https://diutocoinnews.com/2025/05/16365/): Zimbabwe launches the world’s first blockchain-enabled carbon credit registry, aiming to restore credibility and transparency to its emissions market. Zimbabwe has unveiled a blockchain-powered carbon credit registry — a move aimed at restoring investor trust and ensuring full transparency in carbon trading after its 2023 market disruption. Key Points &#8211; The new registry is built in partnership with Dubai-based A6 Labs &#8211; Accessible via zicma.org.zw &#8211; Managed by the newly formed Zimbabwe Carbon Markets Authority (ZCMA) Why It Matters: The country had shaken global carbon markets in 2023 by: 1. Abruptly cancelling projects like Kariba REDD+ 2. Demanding 50% of all [&hellip;]
- [Villainy in Web3: 51% Attacks](https://diutocoinnews.com/2025/05/villainy-in-web3-51-attacks/): What if the villain wins? One actor seizes half the blockchain—order crumbles, trust dies, and chaos becomes the new consensus. What Is a 51% Attack? A 51% attack occurs when a single entity or coalition gains control of over 50% of a blockchain network’s computational power (in proof-of-work systems) or stake (in proof-of-stake systems). This majority control allows them to manipulate the blockchain&#8217;s consensus mechanism, granting the ability to alter the ordering of transactions or even reverse previously confirmed transactions—undermining the integrity and trust of the network. Potential Consequences of a 51% Attack Once in control, the attacker can: 1. Delay [&hellip;]
- [Nigeria Fully Repays $3.4B IMF Loan, Still Owes $30M Annually in SDR Charges](https://diutocoinnews.com/2025/05/nigeria-fully-repays-3-4b-imf-loan-still-owes-30m-annually-in-sdr-charges/): Nigeria has cleared its $3.4 billion COVID-era loan from the IMF, signaling economic resilience amid ongoing debt pressures. The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion loan it received in April 2020 under the Rapid Financing Instrument (RFI), used to cushion the economic fallout from the COVID-19 pandemic and the global oil price collapse. Key Highlights &#8211; Final payment made on April 30, 2025 &#8211; Original loan supported Nigeria during pandemic-induced economic contraction and fiscal stress &#8211; Repayment seen as a boost for Nigeria’s external debt credibility But There’s a Catch: Despite clearing the [&hellip;]
- [The Metaverse: Evolution Beyond the Hype](https://diutocoinnews.com/2025/05/the-metaverse-evolution-beyond-the-hype/): &#8230;enhanced virtual collaboration, immersive training simulations, digital commerce innovations&#8230;the metaverse! The Metaverse! The Metaverse! The concept of the metaverse — a seamless blend of physical and digital realities — was once heralded as the future of human interaction. Envisioned as a 3D universe accessible through virtual reality (VR), augmented reality (AR), and other immersive technologies, it promised a digital twin for each individual: a persistent identity capable of moving freely across interconnected platforms. While the idea of parallel digital lives dates back decades, technological advancements such as smartphones, high-speed internet, and successful AR experiences like Pokémon Go made this vision feel [&hellip;]
- [What is Hashing?](https://diutocoinnews.com/2025/05/what-is-hashing/): &#8230;cryptographic foundation and self-verifying mechanisms for transactions, preventing tampering and maintaining the stability of cryptocurrencies. What Is a Hash? A hash is a cryptographic function that generates a fixed-length string of characters from any given input. This output, known as the hash value, is unique to the input data, meaning even a slight change in the input will produce a completely different hash. Once the hash is generated, it is computationally infeasible to reverse-engineer the original input from the hash value. Essentially, it serves as a digital fingerprint for the data. Why Are Hashes Important? Hashes are a fundamental component of [&hellip;]
- [Kenya to Halve Crypto Tax in 2025 to Attract Innovation and Investment](https://diutocoinnews.com/2025/05/kenya-to-halve-crypto-tax-in-2025-to-attract-innovation-and-investment/): Kenya plans to cut its digital asset tax in half, aiming to boost crypto innovation and attract global fintech investors. Kenya’s National Treasury is proposing to slash the digital asset transaction tax from 3% to 1.5% under the Finance Bill 2025, responding to widespread criticism that the current rate chokes innovation and drives away investors. What’s Changing 1. Tax applies to digital assets like cryptocurrencies and NFTs. 2. New rate would reduce fees on gross fair market value of transactions. 3. The measure amends the Third Schedule of the Income Tax Act. Why It Matters 1. Kenya ranks #5 globally for [&hellip;]
- [Crypto-Related Kidnappings Shift from Ransoms to Direct Attacks on Wealthy Holders](https://diutocoinnews.com/2025/05/crypto-related-kidnappings-shift-from-ransoms-to-direct-attacks-on-wealthy-holders/): Crypto’s allure isn&#8217;t just attracting investors—it’s drawing criminals, as kidnappers now target crypto holders directly, not just their wallets. What started seven years ago as ransom demands paid in crypto has evolved into a more terrifying trend: kidnappers are now targeting crypto holders themselves—and their families. Key Incidents In South Africa, a man—father of a wealthy crypto entrepreneur—was abducted and had a finger severed before rescue. In Paris, David Balland, founder of Ledger, and his wife were kidnapped from their home. Ten suspects are now in custody. Why Crypto Targets Are Vulnerable As WIRED reported, crypto’s pseudo-anonymity and self-custody culture make [&hellip;]
- [CBEX Resumes Operations in Nigeria Amid Ongoing $940 Million Ponzi Investigation](https://diutocoinnews.com/2025/05/cbex-resumes-operations-in-nigeria-amid-ongoing-940-million-ponzi-investigation/): Despite fraud allegations and ongoing investigations, CBEX has resumed operations in Nigeria, reactivating withdrawals for new users only. Despite being declared a Ponzi scheme and linked to a $940 million digital fraud affecting over 600,000 Nigerian investors, Crypto Bridge Exchange (CBEX) has resumed operations, reactivating withdrawals for new accounts while older investments remain erased. Key Developments1. CBEX allegedly offered 100% profit in 30 days via AI-powered crypto trading before collapsing on April 14, 2025. 2. The EFCC, in collaboration with the FBI and INTERPOL, is pursuing eight wanted staff, including four Kenyans and four Nigerians. 3. Some CBEX team members have [&hellip;]
- [Nigerian Equities Market Weekly Recap: ASI Hits 106,000+ as Consumer Goods Shine](https://diutocoinnews.com/2025/05/nigerian-equities-market-weekly-recap-asi-hits-106000-as-consumer-goods-shine/): Nigeria’s stock market edged higher this week as consumer goods stocks led gains, pushing the ASI above 106,000 points. In the trading week ended May 2, 2025, the Nigerian equities market extended its bullish run. The All-Share Index (ASI) rose by 289.96 points, up 0.27% week-on-week, closing at 106,042.57. Market Performance at a Glance &#8211; Volume traded: 2.1 billion shares (+18.65%) &#8211; Market capitalization: Rose from N66.4 trillion to N66.6 trillion &#8211; Winners vs Losers: 52 gainers (down from 64), 37 losers (up from 27) Sector Highlights 1. Consumer Goods: Best performer, +2.89%, driven by Cadbury (+19.92%) and Nigerian Breweries (+17.95%) [&hellip;]
- [Nigeria’s New Tax Reform Bills: What Workers and Employers Should Expect](https://diutocoinnews.com/2025/05/nigerias-new-tax-reform-bills-what-workers-and-employers-should-expect/): Nigeria’s tax reform bills aim to boost worker welfare, ease cost-of-living pressures, and reshape the economy with smart tax cuts. The Presidential Committee on Fiscal Policy and Tax Reforms, led by Dr. Taiwo Oyedele, has unveiled sweeping tax changes designed to ease financial pressure on Nigerian workers and stimulate economic growth. The reforms, already passed by the House of Representatives, await Senate approval and presidential assent. Key Highlights PAYE Exemption for Low EarnersWorkers earning up to N1.3 million per year (over N100,000/month) will pay zero PAYE tax. This benefits 35% of workers in both public and private sectors. Reduced PAYE for [&hellip;]
- [Binance's Tax Battle with Nigeria Takes a New Twist: Court Lets FIRS Serve Documents via Email](https://diutocoinnews.com/2025/05/binances-tax-battle-with-nigeria-takes-a-new-twist-court-lets-firs-serve-documents-via-email/): Nigeria vs. Binance: A legal battle over tax evasion and economic sabotage, with court ruling emails are valid for service. The legal showdown between Nigeria’s FIRS (Federal Inland Revenue Service) and Binance is intensifying. The Federal High Court in Abuja, under Justice Emeka Nwite, has ruled that Binance, which doesn’t have a physical office in Nigeria, can be served court documents by email. The case has now been rescheduled for May 12, 2025. The Accusations 1. Massive tax evasion: Binance allegedly owes $2 billion in back taxes. 2. Economic sabotage: Binance’s platform is blamed for exacerbating Nigeria’s forex crisis, with damages [&hellip;]
- [Nigeria’s Stock Market Soars, But Citizens Still Struggle to Join the Ride](https://diutocoinnews.com/2025/05/nigerias-stock-market-soars-but-citizens-still-struggle-to-join-the-ride/): Despite record stock market gains, most Nigerians remain excluded due to poverty, mistrust, and a deep-rooted quick-wealth mindset. Nigeria’s stock market delivered a staggering 38% gain in 2024, capping off a five-year bullish run. The NGX All-Share Index surged from 74,773.98 to 102,926.40 points, generating over ₦15.41 trillion in capital gains for investors. Why Most Nigerians Missed Out Despite this performance, only about 100,000 of 5 million CSCS accounts are active—a stark sign of limited public participation. Barriers to Inclusion: ✓ Low income and economic hardship ✓ Lack of financial literacy ✓ Mistrust of financial institutions ✓ High inflation, especially in [&hellip;]
- [A Clear-Cut Guide to Non-Fungible Tokens](https://diutocoinnews.com/2025/05/a-clear-cut-guide-to-non-fungible-tokens/): NFTs, or Non-Fungible Tokens, are unique digital assets recorded on a blockchain functioning as verifiable ownership certificates for specific items. What Does &#8220;Non-Fungible&#8221; Mean? “Fungible” assets are interchangeable—1 ETH is always equal to another 1 ETH. Similarly, fiat currencies like the U.S. dollar are fungible. “Non-fungible,” in contrast, refers to assets that are one-of-a-kind and cannot be swapped on a one-to-one basis. Each NFT is distinct, carrying its own value, metadata, and provenance. Think of an NFT as a digital snowflake—no two are alike. What Exactly Is an NFT? An NFT is a blockchain-based token that represents ownership of a unique [&hellip;]
- [Nigeria Reaffirms BRICS Commitment, Backs Push for Global Financial Reform](https://diutocoinnews.com/2025/04/nigeria-reaffirms-brics-commitment-backs-push-for-global-financial-reform/): Nigeria reaffirms support for BRICS, calling for global reform and deeper cooperation among emerging economies under Brazil’s 2025 leadership. Foreign Minister Yusuf Tuggar has declared Nigeria’s full support for the BRICS alliance, pledging alignment with its mission to build a fairer, rules-based global order. Tuggar spoke during the BRICS Foreign Ministers&#8217; Meeting in Rio de Janeiro, Brazil. BRICS Expansion &amp; Nigeria’s Role Originally: Brazil, Russia, India, China, South Africa Now includes: Egypt, Ethiopia, Indonesia, Iran, UAE Nigeria joined as Partner Nation in January 2025 BRICS now represents 50% of global population and 40% of global GDP—a major influence in world affairs. [&hellip;]
- [Merkle Trees: The Essential Backbone of Blockchain Technology](https://diutocoinnews.com/2025/04/merkle-trees-the-essential-backbone-of-blockchain-technology/): In blockchain systems, Merkle trees (also known as hash trees) are critical structures that ensure data integrity, security, and operational efficiency. What Is a Merkle Tree? A Merkle tree is a mathematical structure that organizes data efficiently through the use of cryptographic hashes. In this structure: ✓ Each leaf node represents a hash of a block of transactional data. ✓ Parent nodes are formed by hashing together two child nodes. ✓ This process repeats hierarchically until it culminates in a single, top-level hash known as the Merkle root. The Merkle root acts as a unique digital fingerprint for all transactions within [&hellip;]
- [A Detailed Guide to What a Smart Contract is?](https://diutocoinnews.com/2025/04/a-detailed-guide-to-what-a-smart-contract-is/): Smart contracts automate agreements and transactions, ensuring that once conditions are satisfied, actions are carried out without human intervention. A smart contract is a self-executing program that operates on a blockchain, where the terms of an agreement are written directly into lines of code. These contracts automatically execute when predefined conditions are met, eliminating the need for intermediaries such as lawyers or banks. Brief Overview of Smart Contracts ✓ Code-based: Smart contracts are not physical documents but instead are programs written in code. ✓ Self-executing: They automatically carry out actions once certain conditions are met. ✓ Immutability: Once deployed, they cannot [&hellip;]
- [EFCC Hunts CBEX Crypto Scam Suspects, Including Four Kenyans](https://diutocoinnews.com/2025/04/efcc-hunts-cbex-crypto-scam-suspects-including-four-kenyans/): The EFCC is pursuing suspects behind Crypto Bridge Exchange (CBEX), a collapsed trading platform that scammed African investors. Nigeria’s Economic and Financial Crimes Commission (EFCC) has launched a manhunt for eight individuals—four Kenyans and four Nigerians—linked to the collapse of Crypto Bridge Exchange (CBEX), which defrauded users across Kenya, Nigeria, and Egypt. Wanted Kenyans 1. John Okirih Otieno 2. Israel Mbaluka 3. Joseph Michiro Kabera 4. Serah Michiro Wanted Nigerians ✓ Seyi Oloyede ✓ Emmanuel Uko ✓ Adefowora Oluwanisola ✓ Adefowora Abiodun Olaonipekun All suspects were based in Lagos, Nigeria, before vanishing. What HappenedCBEX promised AI-driven 30% returns in 30 days, [&hellip;]
- [Nigeria Raises Alarm Over Cyber Slavery Targeting Youths](https://diutocoinnews.com/2025/04/nigeria-raises-alarm-over-cyber-slavery-targeting-youths/): The federal government has warned against rising cyber slavery targeting young Nigerians lured abroad under fake crypto job offers. The Ministry of Foreign Affairs has warned that Nigerian youths are being trafficked across West Africa into cyber slavery, under fake promises of crypto-related jobs. Key Points ✓ Victims, including teenagers, are trapped in 419 cyber-scam factories, forced to send fraudulent messages under inhumane conditions. ✓ A recent rescue by Ghana’s Economic and Organised Crimes Office (EOCO) exposed widespread abuse. ✓ The government urged citizens to verify overseas job offers and report suspicious recruitment activities. Government Action The federal government is collaborating [&hellip;]
- [Nigeria's All-Share Index Nears 106,000 as Market Rallies](https://diutocoinnews.com/2025/04/nigerias-all-share-index-nears-106000-as-market-rallies/): The Nigerian stock market rebounded strongly this week, fueled by consumer goods, insurance, and banking sector rallies. The Nigerian All-Share Index surged by 1.46% to 105,752.61 points for the week ended April 25, 2025, driven by strong performances in consumer goods, insurance, and banking sectors. Highlights Market Volume: Up 21.6% to 1.85 billion shares. Market Cap: Rose to N66.4 trillion from N65.4 trillion. Winning Streak: Three consecutive green days post-Easter; slight pullback Friday by 321 points. Sector Performance Consumer Goods: +8.65% (boosted by International Breweries, Vitafoam, Cadbury). Insurance: +7.30%. Banking: +5.06%. Industrial Goods: -3.44% (dragged by Dangote Cement). Oil/Gas: -0.07%. Top [&hellip;]
- [Africa Largely Spared from U.S. Tariffs, But Trade Weakness Exposed — WTO’s Okonjo-Iweala](https://diutocoinnews.com/2025/04/africa-largely-spared-from-u-s-tariffs-but-trade-weakness-exposed-wtos-okonjo-iweala/): As U.S. tariffs shake the global economy, Africa appears mostly shielded—but the real challenge lies in its limited trade footprint. At the World Bank/IMF Spring Meetings, WTO Chief Ngozi Okonjo-Iweala said Africa will face minimal impact from U.S. tariffs under President Trump, as only 6.5% of exports and 4.4% of imports involve the U.S. She warned, however, that Africa’s limited trade ties highlight deeper structural issues. Using Lesotho’s textile exports as an example, she urged stronger intra-African trade, noting Africa spends $7 billion importing textiles that could be sourced internally. Okonjo-Iweala pushed for greater use of the AfCFTA and called on [&hellip;]
- [Ghana to Regulate Crypto by September 2025](https://diutocoinnews.com/2025/04/ghana-to-regulate-crypto-by-september-2025/): With regulatory momentum sweeping across Africa, Ghana is the latest to join the movement toward crypto oversight. The Bank of Ghana (BoG) plans to roll out crypto regulations by September, pending the passage of the Virtual Asset Service Providers (VASP) Act. The law will give the BoG power to license and supervise crypto firms and enforce compliance through a dedicated digital asset unit. Crypto is currently not legal tender in Ghana, and banks are banned from processing crypto transactions. The new law will introduce AML/CFT measures and enforce the FATF Travel Rule. This move aligns with a broader continental push for [&hellip;]
- [ERC : 21 AND 721](https://diutocoinnews.com/2025/04/erc-21-and-721/): Two Ethereum token standards, two different worlds—fungible and non-fungible. Here’s what sets them apart. The Origins of ERC20 and ERC721 ERC20 tokens rose to prominence in the early days of Ethereum, particularly during the ICO (Initial Coin Offering) boom of 2016. These tokens introduced a standardized way to represent fungible assets—tokens that are uniform and interchangeable—making it easy to launch digital currencies and utilities within decentralized applications. ERC721 emerged in 2017 with the launch of CryptoKitties, a game that introduced a new digital asset model: one where each token was unique. This marked the birth of the non-fungible token, suitable for [&hellip;]
- [What is a Bridge?](https://diutocoinnews.com/2025/04/what-is-a-bridge/): Blockchain bridges enable seamless asset transfer between networks—unlocking scalability, liquidity, and interoperability across the decentralized world. In the rapidly evolving landscape of blockchain technology, interoperability has emerged as a key frontier. While individual blockchains excel at specific tasks—such as Bitcoin’s security or Ethereum’s smart contract functionality—they often operate in isolation. This fragmentation limits the movement of assets and data across platforms, creating inefficiencies and silos. Blockchain bridges are the infrastructure solutions addressing this problem. Much like physical bridges connect separate land masses, blockchain bridges link different blockchain ecosystems. They allow users to transfer tokens, NFTs, and other digital assets across networks [&hellip;]
- [Airdrops &amp; Retrodrops: Incentives and Rewards in the Web3 Ecosystem](https://diutocoinnews.com/2025/04/airdrops-retrodrops-incentives-and-rewards-in-the-web3-ecosystem/): Airdrops and retrodrops are fundamental mechanisms in Web3, serving as both rewards and engagement strategies for crypto projects and users. In the world of Web3, users can occasionally find themselves the recipients of free cryptocurrency, delivered directly to their wallets. These unexpected rewards are part of a broader strategy by crypto projects to incentivize engagement, reward loyal participants, and stimulate growth. This mechanism of distributing tokens is known as airdrops, and when directed retroactively, they are referred to as retrodrops. These systems serve not only as marketing tools but also as means to create a participatory culture within the decentralized space. [&hellip;]
- [Court Orders Arrest of Six CBEX Promoters Over $1 Billion Scam](https://diutocoinnews.com/2025/04/court-orders-arrest-of-six-cbex-promoters-over-1-billion-scam/): The collapse of CBEX has led to the arrest order of its six promoters, marking another significant event in Nigeria’s crackdown on cryptocurrency fraud. The Federal High Court in Abuja has ordered the arrest of six promoters involved in the collapsed CBEX cryptocurrency investment scheme, which allegedly scammed Nigerian investors out of $1 billion. The Economic and Financial Crimes Commission (EFCC) filed an ex parte motion against the defendants, including Adefowora Abiodun Olanipekun and Emmanuel Oku, accusing them of using ST Technologies to promote the fraudulent CBEX platform. CBEX promised high returns but became inaccessible, leaving investors unable to withdraw their [&hellip;]
- [Binance Enforces Stricter Compliance for South African Users—Kenya Could Be on Deck](https://diutocoinnews.com/2025/04/binance-enforces-stricter-compliance-for-south-african-users-kenya-could-be-on-deck/): As South Africa tightens its grip on crypto compliance, Binance responds decisively—could Kenya be next in line? Binance has announced new compliance protocols for its South African users, requiring comprehensive sender and receiver details for all crypto deposits and withdrawals, effective April 30, 2025. The move is in direct response to pressure from South African regulators and signals rising scrutiny of crypto exchanges in Africa. Per Binance’s update: ✓ For deposits, users must submit sender details—including full name, country of residence, and origin exchange info. ✓ For withdrawals, users must provide beneficiary details—mirroring the same level of transparency. These new rules [&hellip;]
- [Nigeria’s Blockchain Shift: From Hype to Real-World Use](https://diutocoinnews.com/2025/04/nigerias-blockchain-shift-from-hype-to-real-world-use/): While crypto headlines in Nigeria often spotlight retail investors and traders, a quieter revolution is unfolding behind the scenes—this time led by governments and enterprises. While Nigeria leads Africa in crypto adoption, a quieter wave is rising—governments and institutions are getting serious about blockchain. A report by Hashed Emergent VC highlights how both public and private sectors are now building real-world blockchain solutions. Here’s a quick look at who’s doing what: State Governments 1. Anambra StatePartnering with HouseAfrica’s Sytemap for land registry digitization and property title verification. 2. Lagos StateUsing blockchain to tokenize real estate and energy assets, boosting transparency and [&hellip;]
- [Nigeria’s Money Supply Hits N114.22 Trillion as Inflation Surges to 24.23%](https://diutocoinnews.com/2025/04/nigerias-money-supply-hits-n114-22-trillion-as-inflation-surges-to-24-23/): Money supply is surging in Nigeria, but inflation is rising even faster—forcing tough choices for the CBN. Nigeria’s broad money supply (M3) rose to N114.22 trillion in March 2025—up 24% year-on-year—despite ongoing inflationary pressure, which spiked to 24.23%. Month-on-month, M3 increased 3.2%, mainly due to a 38.9% jump in net foreign assets (NFA) to N45.17 trillion. Meanwhile, net domestic assets (NDA) fell 11.7% to N69.05 trillion, hinting at tighter local liquidity. Other highlights: M2: N114.20 trillion (up 24.2% YoY) M1: N38.55 trillion (up 19.7% YoY) MoM inflation: 3.90%, up from 2.04% in February Despite a 50% Cash Reserve Ratio—meant to restrict [&hellip;]
- [CBN Forex Inflows Drop in January 2025 as Naira Strengthens](https://diutocoinnews.com/2025/04/cbn-forex-inflows-drop-in-january-2025-as-naira-strengthens/): Nigeria saw weaker CBN forex inflows in January, but private sector activity and naira strength offered a silver lining. Nigeria’s net foreign exchange inflow declined in January 2025, dropping 4.49% to $4.79 billion from $5.01 billion in December 2024, according to the Central Bank of Nigeria (CBN) Economic Report. This fall was largely due to a sharp drop in CBN-sourced inflows, which plunged to $2.33 billion from $4.09 billion. In contrast, autonomous inflows rose to $7.31 billion, up from $6.08 billion, signaling increased private sector and external participation. Foreign exchange outflows also declined, falling to $4.84 billion from $5.17 billion. CBN [&hellip;]
- [Nigeria Leads Africa’s Web3 Surge, But Developers Still Undervalued](https://diutocoinnews.com/2025/04/nigeria-leads-africas-web3-surge-but-developers-still-undervalued/): Nigeria&#8217;s Web3 Developers&#8217; scene booming, but challenges around compensation and full-time roles remain. Nigeria is emerging as Africa’s Web3 powerhouse, now accounting for 4% of new global developers in 2024, the highest in Africa, according to Hashed Emergent’s Nigeria Web3 Landscape 2024 Report. The country’s developer community hit 1.1 million in 2024, reflecting 28% YoY growth—building on a 46% rise in 2023. Key insights show: • 86% of Web3 developers are under 27; over 50% joined in the past year. • Female participation rose to 17% in three years. • Grassroots platforms like Web3Bridge, Web3Ladies, and Solana/Base bootcamps play a major [&hellip;]
- [Babylon: Revolutionizing Bitcoin Staking and Blockchain Security](https://diutocoinnews.com/2025/04/babylon-revolutionizing-bitcoin-staking-and-blockchain-security/): Babylon Labs pioneers Bitcoin staking, enabling BTC holders to secure PoS chains without intermediaries. Unlock Bitcoin&#8217;s potential with trustless, self-custodial staking. Overview of Babylon Babylon Labs is a pioneering blockchain company focused on unlocking Bitcoin&#8217;s potential beyond its traditional roles as a store of value and medium of exchange. Founded in 2022, Babylon has developed the world’s first trustless, self-custodial Bitcoin staking protocol, enabling Bitcoin (BTC) holders to stake their assets directly on the Bitcoin network without relying on intermediaries, bridges, or wrapped tokens. This innovation introduces a third native use case for Bitcoin—staking—allowing BTC to secure other decentralized networks while [&hellip;]
- [Nigerian Stock Market Rebounds, ASI Reclaims 104,000 Mark](https://diutocoinnews.com/2025/04/nigerian-stock-market-rebounds-asi-reclaims-104000-mark/): The Nigerian All-Share Index (ASI) closed at 104,242.40 on Thursday, April 17, 2025—up 0.38% from the previous day, marking a return above the 104,000 threshold. Market capitalization rose to ₦65.4 trillion, and trading volume increased by 7% to 376.2 million shares across 11,204 transactions. Top Gainers: ABBEYBDS: +9.94% to ₦8.96 NB: +9.86% to ₦3.25 ABCTRANS: +9.23% to ₦1.42 LIVESTOCK: +9.20% to ₦9.50 ETI: +8.94% to ₦29.25 Top Losers: SUNUASSUR: –9.91% to ₦5.00 ELLAHLAKES: –9.76% to ₦3.05 CORNEST: –9.44% to ₦2.59 SOVRENINS: –9.18% to ₦0.89 UNIVINSURE: –7.55% to ₦0.49 Trading Volume Leaders: UNIVINSURE: 89.2M shares FIDELITYBK: 49.5M ACCESSCORP: 32.8M ZENITHBANK: 15.5M NB: [&hellip;]
- [The Blockchain Trilemma: A Delicate Dance of Priorities](https://diutocoinnews.com/2025/04/the-blockchain-trilemma-a-delicate-dance-of-priorities/): In the world of blockchain, few ideas have generated as much discussion as the so-called Blockchain Trilemma—a concept popularized by Ethereum’s co-founder, Vitalik Buterin. It outlines a fundamental challenge: achieving security, scalability, and decentralization simultaneously is extremely difficult. Much like attempting to craft a meal that is cheap, healthy, and delicious—compromises are inevitable. This triad forms the cornerstone of blockchain design. To understand why no system has fully conquered all three, let’s break down each component using both technical insights and relatable analogies. 1. Security: The Fortress Against Chaos Security in blockchain ensures the integrity and immutability of data. Think of [&hellip;]
- [ERCs: Ethereum’s Developer Playbook for Building the Future](https://diutocoinnews.com/2025/04/ercs-ethereums-developer-playbook-for-building-the-future/): In the rapidly evolving ecosystem of Ethereum, structure and coordination are critical. Enter ERCs, or Ethereum Requests for Comment—the foundational documents that guide the development of applications, tokens, and protocols on the Ethereum blockchain. Though they may sound bureaucratic, ERCs are the very reason Ethereum remains functional, flexible, and future-ready. Think of ERCs as Ethereum’s rulebooks—or better yet, instruction manuals written by developers, for developers. They ensure that as new innovations emerge, they integrate seamlessly with the broader ecosystem rather than descending into incompatible chaos. What Exactly is an ERC? An ERC is essentially a formal proposal for improvements or features [&hellip;]
- [Byzantine Fault Tolerance: The Silent Guardian of Blockchain Consensus](https://diutocoinnews.com/2025/04/byzantine-fault-tolerance-the-silent-guardian-of-blockchain-consensus/): In the realm of blockchain technology, Byzantine Fault Tolerance (BFT) is a foundational principle that ensures decentralized systems remain functional—even when faced with miscommunication, malfunction, or malicious behavior. While the term may sound like a complex academic puzzle, its purpose is simple and vital: make sure everyone agrees on the truth, even when some participants can&#8217;t be trusted. The Origin: The Byzantine Generals’ Problem To understand BFT, we must first revisit a thought experiment known as the Byzantine Generals’ Problem. Imagine multiple generals from the Byzantine army surrounding a city. They must decide whether to attack or retreat. Crucially, they must [&hellip;]
- [$633 Billion Gone: Crypto Market Hit Hard as Recession Panic Sets In](https://diutocoinnews.com/2025/04/633-billion-gone-crypto-market-hit-hard-as-recession-panic-sets-in/): The global crypto market lost 18.6% of its value in Q1 2025, shedding $633.5 billion amid recession fears and global uncertainty, per CoinGecko. Daily trading volume dropped 27.3% to $146 billion, and centralized exchanges saw a 16% dip—partly due to the Bybit hack. Bitcoin &amp; Ethereum Slide, Stablecoins Gain Bitcoin held 59.1% dominance but fell 11.8%, underperforming gold (+18%) and U.S. bonds. Ethereum’s dominance sank to 7.9%—its lowest since 2019. USDT and USDC gained traction, while XRP and BNB maintained their positions. DeFi Struggles, Berachain Shines DeFi TVL plunged 27.5% to $128.6B, with Ethereum’s TVL dominance falling to 56.6%. Still, Berachain [&hellip;]
- [CBEX Collapse: Nigeria’s Latest Crypto Ponzi Scheme Leaves Investors in Ruins<br>](https://diutocoinnews.com/2025/04/cbex-collapse-nigerias-latest-crypto-ponzi-scheme-leaves-investors-in-ruins/): In April 2025, Nigeria witnessed another major Ponzi scheme collapse as CBEX, a crypto investment platform falsely posing as “China Beijing Equity Exchange,” shut down operations and froze user accounts. Initial reports pegged investor losses at ₦1.3 trillion ($800 million), though independent investigations later estimated the real losses to be between $6.1 and $12 million. CBEX lured investors with promises of 100% monthly returns, using fake AI trading claims, social media buzz, and official-looking documents—including a FinCEN registration—to appear legitimate. In reality, CBEX was moving investor funds through TRX wallets, converting them to USDT and then ETH, all while showing users [&hellip;]
- [Nigeria’s Web3 Ecosystem: 80+ Startups, $130M Raised, Stablecoins &amp; Infrastructure Take Lead](https://diutocoinnews.com/2025/04/nigerias-web3-ecosystem-80-startups-130m-raised-stablecoins-infrastructure-take-lead/): Nigeria&#8217;s Web3 sector now boasts over 80 startups with more than $130 million raised, according to the Nigeria Web3 Landscape 2024 Report by Hashed Emergent. Despite a dip in annual funding to $20 million in 2024 (from $22M in 2023), stablecoins and infrastructure saw strong growth: &gt; Finance funding jumped from $2M to $7M, led by rising demand for stablecoin-based payments addressing inflation and USD shortages. &gt; Infrastructure became the top-funded sector, securing $11M—a 270% YoY increase—driven by blockchain payments and cross-chain tools. “Nigerian founders are at the forefront of stablecoin adoption, offering alternatives amid US dollar shortages,” the report noted. [&hellip;]
- [March Inflation Likely Flat, but April May Bring a Surge – Analysts Warn](https://diutocoinnews.com/2025/04/march-inflation-likely-flat-but-april-may-bring-a-surge-analysts-warn/): Analysts expect Nigeria’s headline inflation for March 2025 to remain largely stable or rise only slightly, maintaining a trajectory close to February’s 23.18%. This tempered outlook is driven by a combination of base effects, stable food prices, and relative calm in fuel and foreign exchange markets, though cost pressures remain. According to Samuel Oyekanmi, Head of Research at Norrenberger, “The continued effect of rebasing and favourable base effects are expected to exert a moderating influence,” but the late-month naira depreciation and petrol price uptick could push inflation higher in the coming months. Olatunde Amolegbe, CEO of Arthur Steven Asset Management, pointed [&hellip;]
- [Binance Tax Evasion Case: Nigerian Court Admits FIRS Investigation Documents](https://diutocoinnews.com/2025/04/binance-tax-evasion-case-nigerian-court-admits-firs-investigation-documents/): The Federal High Court in Abuja has admitted key documents submitted by the Federal Inland Revenue Service (FIRS), outlining its investigation into Binance’s alleged tax violations in Nigeria. The crypto exchange stands accused of failing to collect and remit Value Added Tax (VAT) and Company Income Tax (CIT) as mandated under the FIRS Establishment Act. During the hearing on Friday, FIRS counsel Moses Idehu presented internal memos and reports generated through the agency’s TaxPro Max platform, which traced Binance’s financial transactions in Nigeria. These documents, prepared by FIRS’s Government Business Task Office, highlighted the scope of Binance’s operations and alleged non-compliance. [&hellip;]
- [FG Sets Up Subcommittee to Assess US Tariffs’ Economic Impact](https://diutocoinnews.com/2025/04/fg-sets-up-subcommittee-to-assess-us-tariffs-economic-impact/): The Federal Government has formed a subcommittee to evaluate the economic risks posed by the recent US tariff measures, with a focus on how they may indirectly affect Nigeria’s fiscal health and oil revenue. The move follows an urgent meeting by the Economic Management Team (EMT), chaired by Finance Minister Wale Edun, to assess fallout from the US trade actions. Although crude oil hasn’t been directly targeted, the EMT noted the tariffs have coincided with a drop in global oil prices—Nigeria’s main revenue source. The subcommittee, composed of officials from the Finance Ministry, Budget Office, and Central Bank, will review both [&hellip;]
- [AfDB President Slams African Banks for Failing Young Entrepreneurs](https://diutocoinnews.com/2025/04/afdb-president-slams-african-banks-for-failing-young-entrepreneurs/): President of the African Development Bank (AfDB), Akinwumi Adesina, has criticized African commercial banks for failing to support youth entrepreneurship. Speaking on Channels TV, Adesina said the financial system is structurally designed to exclude young people, making it nearly impossible for them to access capital. “You walk into the bank at 21, and all they see is risk. They ask for land, property, or 40 years of tax records. But you&#8217;re only 21,” he remarked, highlighting the unrealistic loan requirements. Adesina called the system “ill-equipped” to meet the needs of Africa’s 465 million young people, blaming it for pushing talent abroad [&hellip;]
- [Nigeria Nears Exit from FATF Grey List with New Crypto Regulation](https://diutocoinnews.com/2025/04/nigeria-nears-exit-from-fatf-grey-list-with-new-crypto-regulation/): Nigeria is poised to exit the Financial Action Task Force (FATF) grey list following the integration of cryptocurrency and digital asset regulation into the Investments and Securities Act (ISA 2025), recently signed into law by President Bola Tinubu. The act addresses key gaps in Nigeria’s anti-money laundering (AML) and counter-terrorism financing (CFT) frameworks that led to its grey-listing in February 2023. According to SEC Director-General Dr. Emomotimi Agama, the law’s passage signals a strong commitment to financial reform and global compliance: “The AML CFT issue is what brought about our inclusion in the grey list; the inclusion of this law provides [&hellip;]
- [Cryptocurrency Now Legal In Nigeria: Everything You Need to Know](https://diutocoinnews.com/2025/04/cryptocurrency-now-legal-in-nigeria-everything-you-need-to-know/): Nigeria&#8217;s new financial markets laws now officially recognizes cryptocurrencies and other virtual assets as securities for the first time, as it gears to drive a more financial inclusive, and transparent economy. This is coming after, President Bola Ahmed Tinubu signed into law the Investments and Securities Act (ISA) 2024, which repeals the Investments and Securities Act No. 29 of 2007.&nbsp; The Act recognises virtual/digital assets and its operations as securities and brings&nbsp; Virtual Asset Service Providers (VASPs), Digital Asset Operators (DAOPs) and Digital Asset Exchanges them to be under the SEC’s regulatory framework.&nbsp; Emomotimi Agama, Director-General, SEC, has lauded the bold [&hellip;]
- [FIC Flags South Africa’s Crypto Sector as High Risk for Financial Crime in 2025 Report<br>](https://diutocoinnews.com/2025/04/fic-flags-south-africas-crypto-sector-as-high-risk-for-financial-crime-in-2025-report/): South Africa’s Financial Intelligence Centre (FIC) has flagged the country’s crypto asset service provider (CASP) industry as high-risk for money laundering and terrorist financing. In its April 2025 sector report, the FIC notes that despite 256 CASPs registering under new regulations since December 2022, many unregistered operators likely remain active. The report highlights the complexity of monitoring the sector, with more than 5.8 million South Africans—about 9.4% of the population—owning crypto assets. The challenge of valuing these holdings adds to the regulatory burden. Several CASPs operate cross-border, with 25 South African firms based abroad, particularly in Singapore, Switzerland, and the UK. [&hellip;]
- [What Are Zero-Knowledge Proofs (ZKPs)?](https://diutocoinnews.com/2025/04/what-are-zero-knowledge-proofs-zkps/): Zero-Knowledge Proofs (ZKPs) are cryptographic protocols that allow one party (the prover) to demonstrate to another party (the verifier) that they possess certain knowledge—without revealing what that knowledge is. This unique ability makes ZKPs a powerful tool for preserving privacy while maintaining trust and verifiability. Why Are ZKPs Important in Blockchain? While blockchain technology is lauded for its transparency and immutability, there are scenarios where confidentiality is essential—such as personal financial data, private business logic, or proprietary algorithms. ZKPs enable trustless proof of facts on-chain without exposing the underlying data. They allow one to say, in effect, “I can prove this [&hellip;]
- [What Is a Cryptocurrency Exchange?](https://diutocoinnews.com/2025/04/what-is-a-cryptocurrency-exchange/): Cryptocurrency has grown into a $1.5 trillion global market, often likened to a digital financial frontier. To participate—whether to buy, sell, or trade digital assets—users rely on platforms known as cryptocurrency exchanges. These exchanges serve as digital marketplaces, comparable to Amazon or eBay, but for cryptocurrencies. Some exchanges allow users to deposit traditional currencies (like USD or EUR), while others operate solely on digital assets—commonly referred to as “crypto-only” platforms. People engage with cryptocurrencies for several reasons: * Paying transaction fees for blockchain-based applications. * Participating in governance (voting on the direction of decentralized projects). * Staking coins to support network [&hellip;]
- [What is Sharding?](https://diutocoinnews.com/2025/04/what-is-sharding/): Sharding refers to the process of breaking a large blockchain into smaller, more manageable pieces called &#8220;shards.&#8221; Each shard operates as an independent blockchain, allowing for faster processing and more efficient scalability. This is essential when blockchains experience significant usage, preventing the system from becoming overwhelmed. Imagine trying to manage a group chat with a million people—chaos, right? Now, break that up into smaller group chats. It becomes much easier to manage, and that’s the essence of sharding for blockchains. Why Do Blockchains Need to Improve Speed? Every node in a blockchain network is responsible for storing and verifying the entire [&hellip;]
- [Kenya Unveils Landmark Crypto Regulation Bill, Paving Way for Safer Digital Finance](https://diutocoinnews.com/2025/04/kenya-unveils-landmark-crypto-regulation-bill-paving-way-for-safer-digital-finance-2/): Kenya has introduced its first regulatory framework for cryptocurrencies through the Virtual Asset Service Providers Bill 2025. This marks a major policy shift in one of Africa’s most active crypto markets. The bill proposes a dual oversight system: the Central Bank of Kenya (CBK) will regulate wallet providers, stablecoin issuers, and payment processors, while the Capital Markets Authority (CMA) will oversee exchanges, ICOs, tokenisation platforms, and crypto investment services. ICOs will now require CMA approval, full project disclosures, and must follow regulations similar to traditional IPOs. Tokenisation platforms must register with the CMA and disclose how real-world assets are valued and [&hellip;]
- [Bitcoin Dives Below $75K Amid Trump Tariff Fallout and Global Market Panic](https://diutocoinnews.com/2025/04/bitcoin-dives-below-75k-amid-trump-tariff-fallout-and-global-market-panic/): Bitcoin has tumbled below $75,000, marking a steep 10% drop from $84,000 last week, as President Trump’s sweeping 10% baseline tariffs send shockwaves across global financial markets. Hitting an intraday low of $74,637, the crypto crash reflects wider investor unease as risk assets reel from the prospect of a prolonged global trade war. The decline comes in tandem with traditional markets, where the Dow Jones and global equities are also slumping. Bitcoin, once touted as a hedge against macro volatility, is now behaving more like a high-risk asset. Ethereum has plunged nearly 15%, falling to $1,544, amid a wave of market [&hellip;]
- [Can BRICS Benefit from Trump’s Tariff Policies?](https://diutocoinnews.com/2025/04/can-brics-benefit-from-trumps-tariff-policies/): Donald Trump’s re-imposed tariffs, including a 10% baseline from April 9, have sparked fresh turbulence in global trade. Targeting imports—particularly from China—these tariffs disrupt established supply chains and raise questions about the future of global economic alliances. For BRICS (Brazil, Russia, India, China, South Africa), the challenge is real, but so is the opportunity to reshape their economic future. China, the primary target, faces shrinking U.S. exports, pushing it to explore new markets and deepen trade within BRICS. Intra-BRICS cooperation could rise as member states seek alternatives to U.S.-centric trade. India, Brazil, and South Africa may benefit from supply chain diversification, [&hellip;]
- [Nigeria’s Public Debt Hits N144.67 Trillion: Key Highlights](https://diutocoinnews.com/2025/04/nigerias-public-debt-hits-n144-67-trillion-key-highlights/): Nigeria’s total public debt surged to N144.67 trillion ($94.23 billion) as of December 2024—a 48.58% increase from the N97.34 trillion recorded a year earlier. This sharp rise was driven by both external and domestic borrowings, with the depreciation of the naira significantly inflating foreign debt figures. External debt rose by 83.89% year-on-year, reaching N70.29 trillion, while domestic debt increased by 25.77% to N74.38 trillion. The Federal Government was the primary contributor to this growth, with its domestic debt jumping 32.19%. In contrast, subnational debt fell by 32.27%, signaling reduced borrowing by states and the FCT. Quarter-on-quarter, total debt rose by 1.65%, [&hellip;]
- [Trump's Tariff Policy Shift: Impact on Nigeria and Global Trade](https://diutocoinnews.com/2025/04/trumps-tariff-policy-shift-impact-on-nigeria-and-global-trade/): President Donald Trump&#8217;s new trade policy introduces a 10% tariff on all U.S. imports, along with country-specific reciprocal tariffs. Nigeria’s exports to the U.S. will now face a 14% tariff, down from the 27% the country imposes on U.S. goods. This marks a significant shift in global trade dynamics, particularly affecting developing economies like Nigeria. The U.S. will apply similar tariffs on other African nations, including Ghana and Mauritius, depending on the tariffs they impose on American goods. This change will likely create higher trade barriers for these countries, impacting their access to the U.S. market. The shift in U.S. trade [&hellip;]
- [Nigeria’s Crypto Revolution: ISA 2025 Brings Digital Assets Into Mainstream Finance](https://diutocoinnews.com/2025/04/nigerias-crypto-revolution-isa-2025-brings-digital-assets-into-mainstream-finance/): Nigeria has officially recognized cryptocurrencies as securities under the newly signed Investment and Securities Act (ISA) 2025, ending years of regulatory uncertainty. Signed into law by President Bola Tinubu, the Act brings digital assets under the oversight of the Securities and Exchange Commission (SEC), aligning Nigeria’s financial system with global standards. Previously, Nigerian crypto traders operated in a legal grey area, relying on peer-to-peer transactions amid restrictive policies. However, as the country emerged as a global leader in crypto adoption, the government shifted its stance. The new law integrates crypto into capital markets, aiming to boost investor confidence, attract international capital, [&hellip;]
- [Bitcoin Mining Meets Renewable Energy: Zambia’s Hydropowered Crypto Boom](https://diutocoinnews.com/2025/04/bitcoin-mining-meets-renewable-energy-zambias-hydropowered-crypto-boom/): Deep in Zambia’s northwest, near the roaring Zambezi River, a bitcoin mining operation thrives, powered entirely by surplus electricity from the Zengamina Hydro-Power Plant. Run by Gridless, a Kenya-based company, this setup leverages clean energy to fuel 120 mining computers, generating profits while supporting local development. Originally built with UK charity funds, the hydro plant struggled financially due to low electricity demand. Bitcoin mining changed its fortunes, now accounting for 30% of its revenue and keeping power affordable for the nearby town. Locals, like barber Damian, have seen their lives transformed by stable electricity, which has enabled businesses to flourish. As [&hellip;]
- [Naira Faces Pressure Amid FX Market Uncertainty and Dollar Strength](https://diutocoinnews.com/2025/04/naira-faces-pressure-amid-fx-market-uncertainty-and-dollar-strength/): The naira remained volatile below N1,550/$ in the unofficial market despite growth in Nigeria’s FX reserves. Crude oil production stagnation has hindered the Central Bank of Nigeria’s (CBN) efforts to stabilize the currency, keeping it from breaking the N1,200/$ resistance. Rising demand for foreign exchange, particularly for tuition, travel, and fuel imports, continues to put pressure on the naira. Meanwhile, delays in the naira-for-crude agreement between NNPCL and Dangote Refineries could further strain FX supply and inflation control efforts. Nigeria’s FX reserves reached $23.1 billion in 2024, reflecting improved liquidity and investor confidence. However, the dollar remains strong, driven by anticipation [&hellip;]
- [Multi-Signature (Multi-Sig) Wallets](https://diutocoinnews.com/2025/04/multi-signature-multi-sig-wallets/): A multi-signature (multi-sig) wallet is a cryptocurrency wallet that requires multiple approvals to execute transactions, unlike traditional single-signature wallets that need only one owner’s signature. Multi-sig wallets enhance security, decentralization, and trust in fund management. How Multi-Sig Wallets Work Multi-sig wallets use a Q-of-P scheme, where Q represents the required number of signatures, and P is the total number of authorized signers. For example, in a 4-of-6 multi-sig wallet, six people are authorized to sign, but only four need to approve a transaction for it to be executed. This setup prevents unauthorized access even if one key is compromised. Each signer [&hellip;]
- [MPC Wallets](https://diutocoinnews.com/2025/04/mpc-wallets/): A multiparty computation (MPC) wallet is a secure method of managing private keys by splitting them into multiple shares and distributing them across different parties, without any single party having access to the entire key. This setup ensures that the privacy of the private key is maintained and protected from potential compromises. Unlike traditional wallets, where a single private key controls access to assets, MPC wallets break the key into partial shares, requiring multiple parties to contribute their shares for transaction signing. The primary advantage of MPC wallets over multi-signature wallets is the way in which private keys are handled. In [&hellip;]
- [Understanding Web3 Wallets](https://diutocoinnews.com/2025/04/understanding-web3-wallets/): A Web3 wallet is a software application that allows users to store and manage their public and private keys, enabling access to cryptocurrency and decentralized applications (dApps). Contrary to popular belief, cryptocurrencies are not stored within the wallet itself but on the blockchain. The wallet simply provides access to these assets through cryptographic keys. Differences Between Web3 Wallets and Traditional Wallets 1. Ownership &amp; Control: Web3 wallets are non-custodial, meaning users have complete control over their funds. Unlike traditional wallets controlled by banks, Web3 wallets eliminate intermediaries, ensuring decentralization. 2. Security Measures: Web3 wallets use private keys and seed phrases for [&hellip;]
- [Nigeria’s Bond Market Sees Lower Offers but Strong Investor Demand in Q1 2025<br>](https://diutocoinnews.com/2025/04/nigerias-bond-market-sees-lower-offers-but-strong-investor-demand-in-q1-2025/): In Q1 2025, investors subscribed to N2.83 trillion in Federal Government bonds, down from N3.12 trillion in Q1 2024, as the government reduced bond offers to moderate borrowing amid high interest rates. The total amount allotted stood at N1.94 trillion, a 23% decline from N2.52 trillion in the same period last year. The government offered N1.10 trillion in bonds, significantly lower than Q1 2024’s N3.31 trillion, reflecting a shift towards issuing fewer instruments while deepening liquidity in existing bonds. Despite this reduction, investor demand remained strong, especially for medium- to long-term bonds. In January 2025, N450 billion was offered, attracting N669.94 [&hellip;]
- [Nigeria Accuses Binance of Enabling Terrorism and Kidnapping Financing](https://diutocoinnews.com/2025/03/nigeria-accuses-binance-of-enabling-terrorism-and-kidnapping-financing/): Nigeria’s government has accused Binance of enabling terrorism and kidnapping financing through illicit fund transfers. Information Minister Alhaji Mohammed Idris stated that criminals funneled money through Binance, leaving the government no choice but to act. This follows accusations that Binance contributed to the naira’s depreciation, a claim Idris reaffirmed despite denying allegations of government extortion. Nigeria has taken several measures against Binance, including an $81 billion lawsuit and charges of money laundering and tax evasion. The crackdown also saw the detention of Binance’s security head, Tigran Gambaryan, sparking allegations that authorities sought a $150 million bribe. Although Gambaryan was later released [&hellip;]
- [FSCA Warns Against Unregulated Crypto Investment Firms in South Africa](https://diutocoinnews.com/2025/03/fsca-warns-against-unregulated-crypto-investment-firms-in-south-africa/): The Financial Sector Conduct Authority (FSCA) has issued a strong warning against AfriInvest and MutualWealth, two companies allegedly operating without financial licenses in South Africa. These firms claim to offer AI-driven cryptocurrency trading with highly unrealistic returns, raising red flags among financial experts. Unauthorized Operations and Fraudulent Endorsements On March 28, 2025, the FSCA confirmed that both firms are illegally soliciting investments while promising returns of up to R10,000 per day. Additionally, they have been accused of falsely associating with high-profile figures such as Maroela Media, Kallie Kriel, and Steve Hofmeyr, all of whom have denied any involvement. Efforts to contact [&hellip;]
- [Morocco Poised to Announce Crypto Regulations at Gitex Africa 2025](https://diutocoinnews.com/2025/03/morocco-poised-to-announce-crypto-regulations-at-gitex-africa-2025/): Speculation is rising that Bank Al-Maghrib (BAM) may unveil long-awaited cryptocurrency regulations during Gitex Africa Morocco 2025. Chakib Achour, a key organizer of the event, hinted at a possible announcement, reinforcing expectations that Morocco’s central bank will introduce a legal framework for digital assets. BAM’s participation in Gitex Africa’s fintech section has fueled anticipation, though the institution remains silent on specifics. However, Governor Abdellatif Jouahri previously confirmed that Morocco is working on a balanced regulatory framework, backed by the IMF and World Bank, to secure the sector while fostering innovation. Meanwhile, Achour also announced the World Advanced Manufacturing Logistics event in [&hellip;]
- [Bitcoin Ekasi: Driving Financial Inclusion and Education in South Africa](https://diutocoinnews.com/2025/03/bitcoin-ekasi-driving-financial-inclusion-and-education-in-south-africa/): Founded in 2021, Bitcoin Ekasi is transforming financial inclusion in Mossel Bay’s township communities. Under the umbrella of The Surfer Kids nonprofit, it has introduced Bitcoin to merchants, educators, and students, fostering grassroots adoption despite initial skepticism. Through consistent community engagement, Bitcoin Ekasi now has 32 shops accepting Bitcoin, school teachers onboarded with Bitcoin wallets, and students earning sats for educational achievements. The initiative also operates a support center for Bitcoin education, with plans to establish a permanent facility. Founder Hermann Vivier highlights the project&#8217;s impact: &#8220;We get three times the amount of work done with the same funds because we [&hellip;]
- [Ripple Partners with Chipper Cash to Expand Blockchain Payments in Africa](https://diutocoinnews.com/2025/03/ripple-partners-with-chipper-cash-to-expand-blockchain-payments-in-africa/): Ripple has teamed up with Chipper Cash to enhance cross-border payments in Africa. This marks Ripple’s second major partnership with an African fintech firm, reinforcing its presence in the continent’s growing digital payments market. Chipper Cash, which serves 5 million customers across nine African nations, will integrate Ripple’s blockchain-based payment solutions to facilitate fast and seamless transactions. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized the significance of this move: “As the global cross-border payments market grows, more institutions like Chipper Cash are tapping into the transformative power of blockchain technology to drive efficiency and innovation.” Africa’s [&hellip;]
- [Zap Africa Threatens Legal Action Against Paystack Over “Zap” Trademark Dispute<br>](https://diutocoinnews.com/2025/03/zap-africa-threatens-legal-action-against-paystack-over-zap-trademark-dispute/): Zap Africa, a cryptocurrency exchange facilitating Naira conversions, has threatened legal action against Paystack over the use of the name “Zap.” The dispute arose after Paystack launched its Zap app for bank transfers, prompting Zap Africa, which claims a trademark on the name, to announce its intent to take legal steps. “Our name is trademarked, and we’re on it. Zap’s legal team will be reaching out to Paystack shortly. Huge shoutout to everyone who brought this to our attention. Your support is invaluable!” said Zap Africa’s CEO, Tobi Asu-Johnson, on X (formerly Twitter). Zap Africa, which operates as a non-custodial wallet [&hellip;]
- [Quidax &amp; Tether Partner to Boost Blockchain Education in Africa](https://diutocoinnews.com/2025/03/quidax-tether-partner-to-boost-blockchain-education-in-africa/): Quidax, a leading African crypto exchange, has partnered with Tether to enhance blockchain education in Nigeria and Ghana, aiming to empower over 15,000 individuals and businesses. Through financial literacy campaigns, thought leadership initiatives, interactive workshops, and community engagement, the collaboration seeks to bridge the knowledge gap and promote safe cryptocurrency adoption. Buchi Okoro, CEO of Quidax, emphasized the growing interest in digital assets across Africa, noting that stablecoins like USDT provide a reliable means for storing value and conducting transactions amid currency volatility. He highlighted that this partnership would help everyday users better understand and utilize digital assets. Paolo Ardoino, CEO [&hellip;]
- [A Beginner's Guide To What a Blockchain is](https://diutocoinnews.com/2025/03/a-beginners-guide-to-what-a-blockchain-is/): A blockchain is essentially a decentralized, digital ledger where transactions are recorded across multiple computers. Think of it as a large digital book where transactions are written down, and these transactions are grouped into blocks. These blocks are cryptographically linked together, forming a chain—hence the name &#8220;blockchain.&#8221; The most famous example of a blockchain is Bitcoin, but others like Ethereum and Solana also exist. A blockchain operates without a central authority, removing the need for third parties like banks or middlemen. Instead, the only intermediary is the code, specifically a smart contract, which executes predefined actions based on certain conditions. The [&hellip;]
- [What is GameFi?](https://diutocoinnews.com/2025/03/what-is-gamefi/): GameFi, short for &#8220;Gamified Finance,&#8221; refers to the integration of blockchain technology into gaming, creating a model where players can earn economic rewards through their gameplay. Unlike traditional gaming, where you play solely for entertainment, GameFi allows you to earn cryptocurrencies, NFTs, or other in-game assets that can be traded or converted into real-world value. Essentially, GameFi blends entertainment with financial opportunities. How Does GameFi Work? GameFi projects utilize various models to reward players. Some common models include: 1. Earning Rewards: Players can earn cryptocurrencies or NFTs by completing tasks, competing in battles, or progressing in the game. 2. Trading Assets: [&hellip;]
- [Account Abstraction: The Future of Ethereum Wallets](https://diutocoinnews.com/2025/03/account-abstraction-the-future-of-ethereum-wallets/): Enter Account Abstraction (AA), a concept that shifts control from EOAs to smart contract wallets. Ethereum wallets are undergoing a major transformation. Traditionally, users rely on externally owned accounts (EOAs)—wallets controlled by public and private keys. Every time you interact with a decentralized application (dApp), you must manually sign transactions, approve gas fees, and safeguard your private key. Lose your key, and your funds are gone—forever. Instead of relying on private keys, the AA wallets are governed by programmable smart contracts, allowing: • Automated Transactions – No more repetitive signing for every interaction with a DeFi app. • Flexible Gas Fee [&hellip;]
- [Crypto Fraudster Sentenced to 10 Years for Investment Scam](https://diutocoinnews.com/2025/03/crypto-fraudster-sentenced-to-10-years-for-investment-scam/): A 33-year-old cryptocurrency scammer, Mfundo Manci, has been sentenced to ten years in prison for defrauding investors through a fraudulent investment scheme. Appearing before the Durban Specialised Commercial Crimes Court, Manci pleaded guilty under section 105 of the Criminal Procedure Act as part of a plea and sentencing agreement. His charges included fraud, violations of the Banks Act, the Financial Advisory and Intermediary Services Act, and the Prevention of Organised Crime Act. Between June 2020 and April 2021, Manci operated an investment scheme that promised high returns on cryptocurrency trading. He recruited two women, who were unaware of the fraudulent nature [&hellip;]
- [Banks Must Adapt as Crypto Transactions Soar to $59 Billion](https://diutocoinnews.com/2025/03/banks-must-adapt-as-crypto-transactions-soar-to-59-billion/): Cryptocurrency transactions have reached $59 billion in Nigeria, underscoring a financial shift that banks can no longer ignore, according to financial experts. Traditional banks face mounting pressure to integrate blockchain and crypto services or risk losing relevance. Key Insights from Experts Regulatory Shift: Banks once avoided crypto due to regulatory concerns, but global trends indicate a move from de-risking to risk management. Blockchain’s Role in Transparency: Experts emphasize that blockchain’s immutable ledger improves financial transparency, making it easier to track illicit activity than in traditional banking. Growing Institutional Interest: KPMG’s Oluwaseun Odeku stresses that integrating blockchain into banking will enhance financial [&hellip;]
- [South Africa’s Crypto Travel Rule: Compliance Deadline Approaches](https://diutocoinnews.com/2025/03/south-africas-crypto-travel-rule-compliance-deadline-approaches/): By April 30, 2025, South Africa’s Directive 9 will enforce stricter crypto regulations, requiring Crypto Asset Service Providers (CASPs) to track and report transactions. The key change is the &#8220;travel rule,&#8221; which mandates that client details (name, ID, address, and wallet info) accompany transactions over R5,000, impacting domestic and cross-border transfers. Why CASPs Must Act Now Legal Obligation: CASPs were classified as financial institutions in 2022 and must now comply with FICA regulations. Risk of Penalties: Non-compliance could lead to fines, reputational damage, and even regulatory action. Security Measures Needed: CASPs must enhance identity verification, conduct real-time transaction monitoring, and maintain [&hellip;]
- [Crypto Developments in Africa: Education, Lending, and Disruptions](https://diutocoinnews.com/2025/03/crypto-developments-in-africa-education-lending-and-disruptions/): Binance Expands Crypto Education in Kenya Binance Academy is pushing for crypto education among Kenyan youth, offering online and physical training programs. Rachel Conlan, Binance’s Head of Marketing, emphasized Kenya’s 4 million+ crypto users and its importance as a growing market. Stablecoins Power Lending in Cameroon Azamra, a West African fintech, is leveraging stablecoins for lending, expanding financial access in Cameroon. Operating in six countries, the platform combines blockchain with physical kiosks to improve cross-border payments and financial inclusion. Meme Coin Stunt Shakes African Crypto Market A viral promotional stunt from South Africa disrupted the crypto scene, highlighting both the hype [&hellip;]
- [BRICS Expansion 2025: 11 Members, 32 More Nations in Line to Join](https://diutocoinnews.com/2025/08/brics-expansion-2025-11-members-32-more-nations-in-line-to-join/): BRICS expands to 11 members, with 32 more nations seeking to join the influential economic bloc challenging Western dominance. The BRICS alliance—originally Brazil, Russia, India, China, and South Africa—has grown to 11 full members after adding Egypt, Ethiopia, Iran, UAE, Indonesia, and Saudi Arabia (July 2025). The bloc now accounts for over 25% of global GDP and nearly half the world’s population. Thirteen nations hold partner status, including Nigeria, Malaysia, Belarus, and Kazakhstan, while 32 countries are seeking full membership. Twenty-three have filed official applications, with strong interest from Bahrain, Turkey, Vietnam, Sri Lanka, Mexico, Kuwait, and others. Many are drawn [&hellip;]
- [Lagos Court Jails Man Over $42,000, ₦37m Crypto Fraud](https://diutocoinnews.com/2025/08/lagos-court-jails-man-over-42000-%e2%82%a637m-crypto-fraud/): A Lagos court has sentenced a man to prison for laundering millions in cryptocurrency, cash, and valuable assets. The Federal High Court in Lagos has sentenced Emmanuel Aitanu to five years in prison for laundering proceeds of cybercrime. Justice Dehinde Dipeolu found him guilty on six counts filed by the Economic and Financial Crimes Commission (EFCC). The offences involved laundering money through foreign currency, cryptocurrency, and real estate. The court ordered the forfeiture of:1. $42,0002. A plot of land in Ikota Village, Lagos3. Mercedes Benz C300 (₦17 million)4. Toyota Corolla5. All crypto holdings and traced funds The EFCC confirmed that the [&hellip;]
- [Trump Pushes for Crypto and Alternative Assets in U.S. Retirement Plans](https://diutocoinnews.com/2025/08/trump-pushes-for-crypto-and-alternative-assets-in-u-s-retirement-plans/): Trump wants to expand retirement investment options to include crypto, gold, private equity, and other non-traditional assets. U.S. President Donald Trump has directed regulators to make it easier for Americans to invest retirement savings—like 401(k)s—into cryptocurrencies, gold, property, and private equity. The order, issued Thursday, instructs the Department of Labor to review existing rules within 180 days that discourage employers from offering these options in workplace retirement plans. The goal:1. Open access to investments once reserved for the wealthy2. Unlock new capital streams for firms in crypto and alternative finance Critics warn that such assets carry higher risks, less transparency, and [&hellip;]
- [South Africa Urges U.S. to Reconsider 30% Tariff on Exports](https://diutocoinnews.com/2025/08/south-africa-urges-u-s-to-reconsider-30-tariff-on-exports/): South Africa is pushing for U.S. tariff relief as a 30% duty threatens its key exports and economic recovery. South African President Cyril Ramaphosa has entered direct talks with U.S. President Donald Trump to address a 30% tariff imposed on South African exports. The tariff, introduced earlier this year, has raised alarms across South Africa’s export-driven economy, affecting major sectors like agriculture and mining. Ramaphosa argues the tariff stems from misinterpreted trade data, highlighting that:||77% of U.S. goods enter South Africa duty-free||South Africa’s average tariff on U.S. imports is just 7.6% Minister Khumbudzo Ntshavheni confirmed that the two leaders discussed the [&hellip;]
- [CBN Concludes FX Forward Audit, Refunds Banks in Naira](https://diutocoinnews.com/2025/08/cbn-concludes-fx-forward-audit-refunds-banks-in-naira/): The CBN has refunded naira to banks after closing its audit into failed FX forward transactions. The Central Bank of Nigeria (CBN) has completed its forensic audit into undelivered forward FX transactions and refunded the naira equivalent of all unfulfilled and unvalidated deals to commercial banks. In a letter dated August 4, 2025, signed by Acting Director Okey Umeano, the CBN confirmed that all validated forward contracts have been paid, while unvalidated ones were refunded in local currency. The bank stated the matter is now considered concluded and closed. This follows months of pressure from groups like the Manufacturers Association of [&hellip;]
- [Trump’s Alleged Executive Order Targets Bank Bias Against Conservatives And Crypto Firms](https://diutocoinnews.com/2025/08/trumps-alleged-executive-order-targets-bank-bias-against-conservatives-and-crypto-firms/): A draft executive order from Trump may soon target banks accused of bias against conservatives and crypto firms. A Wall Street Journal (WSJ) report claims that former U.S. President Donald Trump has drafted an executive order (EO) warning banks and regulators against discriminating against conservatives or crypto companies. Key highlights from the report:√ The draft EO allegedly directs regulators to investigate banks involved in “de-banking” or bias.√ Offending institutions could face fines, consent decrees, or other disciplinary actions.√ The U.S. House Oversight Committee has already asked the Office of the Comptroller of the Currency (OCC) for records on such cases. This [&hellip;]
- [Nigeria Flags $2.1B in Suspicious Crypto Deals Across West Africa](https://diutocoinnews.com/2025/08/nigeria-flags-2-1b-in-suspicious-crypto-deals-across-west-africa/): Nigeria is warning West Africa about rising crypto crime as $2.1 billion in shady transactions shake investor confidence. Nigeria’s Securities and Exchange Commission (SEC) has raised alarm after a report revealed $2.1 billion in suspicious cryptocurrency transactions across West Africa in 2024. Speaking at the West Africa Compliance Summit in Cape Verde, SEC Director-General Emomotimi Agama highlighted key concerns:✓ DeFi rug pulls, fake market crashes, and unregistered crypto exchanges are costing investors millions.✓ Terrorist groups are using privacy coins to hide illicit transactions.✓ Regulatory loopholes are being exploited—criminals banned in one country simply move to another, like from Nigeria to Ghana. [&hellip;]
- [Botswana Explores Launching a Central Bank Digital Currency (CBDC)](https://diutocoinnews.com/2025/08/botswana-explores-launching-a-central-bank-digital-currency-cbdc/): Botswana is exploring digital currency to modernize its financial system, boost inclusion, and keep pace with global trends. The Bank of Botswana has begun a feasibility study to assess whether the country should launch a central bank digital currency (CBDC). This move is part of Botswana’s push to adopt new financial technologies, following a global shift toward digital currency solutions. If introduced, the CBDC could:• Make financial transactions faster, safer, and more accessible• Improve financial inclusion, especially in rural areas with limited banking access• Enhance monetary policy and support cross-border trade The study will carefully examine:• Technical needs• Legal and economic [&hellip;]
- [Nigerian Stock Market Surges 16.57% in July, Best Month of 2025](https://diutocoinnews.com/2025/08/nigerian-stock-market-surges-16-57-in-july-best-month-of-2025/): Nigerian equities posted their strongest 2025 monthly gain in July, fueled by surging investor activity and sector-wide rallies. ||NGX All-Share Index: Rose from 119,980.4 to 139,863.5, up 16.57%||Market cap: Gained N12.6 trillion, reaching N88.4 trillion||Shares traded: 22 billion, up from 13.8 billion in June||Year-to-date return: 35.9% Sector HighlightsIndustrial GoodsTop performer: +34.28%Leaders: Tripple Gee (+88.4%), Lafarge (+70.9%), BUA Cement (+41.5%) BankingGain: +25.78%, highest trading volume at 6.48 billion sharesTop banks: Wema (+47.2%), UBA (+40.2%), Zenith (+34.3%) InsuranceGain: +17.74%Leaders: Sovereign Trust (+41%), NEM (+34%), AIICO (+33.5%) Consumer GoodsGain: +11.14%Top movers: Cadbury (+63.9%), Dangote Sugar (+53.6%), Unilever (+40.2%) Oil &amp; GasLagged behind: Only +1.72%Oando: [&hellip;]
- [South Africa Slapped With 30% U.S. Tariff Amid Trade Tensions](https://diutocoinnews.com/2025/08/south-africa-slapped-with-30-u-s-tariff-amid-trade-tensions/):   Trump&#8217;s new tariffs hit African exports hard, especially South Africa, shaking up Agoa trade benefits and diplomatic ties. President Trump has enforced steep tariffs on African goods: South Africa: 30%Nigeria, Ghana, Lesotho, Zimbabwe: 15%Tunisia: 25%Kenya, Ethiopia: 10%Algeria, Libya: 30% These hit autos, agriculture, textiles, and wine—goods once duty-free under Agoa. Trump says it’s to protect U.S. jobs and manufacturing.Critics link it to South Africa’s stance on Israel’s genocide case and white minority issues.South Africa denies discrimination and calls for talks.Ramaphosa offers support to affected sectors.Agoa now hangs by a thread.
- [Algeria Outlaws Crypto Entirely Under New Law](https://diutocoinnews.com/2025/07/algeria-outlaws-crypto-entirely-under-new-law/): Algeria doubles down on crypto ban, criminalizing use, promotion, and mining in sweeping move to defend monetary sovereignty. Algeria has made its anti-crypto stance crystal clear. A new law, Article 6 bis, published on July 24, 2025, fully bans all cryptocurrency activity. Unlike its vague 2018 policy, this one is unambiguous—and it comes with real teeth. What’s Now Illegal?Algerians can no longer:1. Create coins or tokens2. Buy, sell, or trade crypto3. Use crypto as payment4. Own or hold any virtual asset5. Mine cryptocurrencies6. Promote crypto in media or online7. Operate exchanges or platforms Even holding tokens is now a crime. Jail [&hellip;]
- [Understanding ERC-1155: The Multi-Asset Token Standard](https://diutocoinnews.com/2025/07/understanding-erc-1155-the-multi-asset-token-standard/): One contract. Infinite assets. ERC-1155 rewrites the rules—merging fungible and non-fungible into a single, powerful token standard. ERC-1155 is a flexible and efficient Ethereum token standard that enables the creation of fungible, non-fungible, and semi-fungible tokens within a single smart contract. Designed for use cases that require multiple asset types—such as gaming, collectibles, and digital marketplaces—ERC-1155 streamlines token management and optimizes on-chain activity. Core Functionality of ERC-1155Multi-Asset CapabilityUnlike previous standards such as ERC-20 (fungible tokens) and ERC-721 (non-fungible tokens), ERC-1155 allows a single smart contract to manage multiple types of assets. Developers can create tokens with different properties—fungible, non-fungible, and semi-fungible—using [&hellip;]
- [Naira Rallies as Dollar Supply Improves](https://diutocoinnews.com/2025/07/naira-rallies-as-dollar-supply-improves/): Naira gains strength as dollar inflows rise, forex policies tighten, and speculation crackdown boosts investor confidence in Nigeria. The naira rose to ₦1,535/$1 in the parallel market, up from ₦1,580/$1 earlier in July. Experts say this is due to more dollar inflows, CBN reforms, and actions against currency hoarding and speculation. Forex demand has dropped, while supply now exceeds it, helping stabilize the market. With inflation easing and naira bonds performing well, the currency may keep gaining in the short term.
- [Overview of Huff: The Low-Level Power Tool for Ethereum Developers](https://diutocoinnews.com/2025/07/overview-of-huff-the-low-level-power-tool-for-ethereum-developers/): Ethereum’s gas wars demand precision. Huff arms developers with razor-sharp, low-level control—unlocking performance only true mastery can wield. What is Huff?Huff is a low-level programming language designed specifically for writing highly optimized Ethereum smart contracts. It operates as a macro-based language that provides developers with direct control over Ethereum Virtual Machine (EVM) instructions, enabling precise manipulation of bytecode for maximum performance. Why Huff MattersHuff offers significant advantages for developers aiming to minimize gas costs and maximize execution speed. By bypassing higher-level abstractions such as those found in Solidity, Huff allows granular control over the EVM stack, opcodes, and bytecode, making it [&hellip;]
- [South Africa Pushes for U.S. Trade Deal Ahead of Tariff Deadline](https://diutocoinnews.com/2025/07/south-africa-pushes-for-u-s-trade-deal-ahead-of-tariff-deadline/): South Africa races to secure a trade deal with the U.S. before steep tariffs hit exports on August 1. With a 30% tariff looming, South Africa is still waiting for a U.S. response to its trade proposal. Trade Minister Parks Tau confirmed that while talks are ongoing, no deal has been finalized yet. The proposed framework aims to avoid tariffs set for August 1, 2025. So far, the U.S. hasn’t responded substantively. Tensions are high. U.S. President Donald Trump’s stance on tariffs and South Africa’s internal policies—like race laws and its genocide case against Israel—have strained relations. Still, South Africa hopes [&hellip;]
- [What Are Chain Analytics Platforms? A Complete Guide to Blockchain Intelligence Tools](https://diutocoinnews.com/2025/07/what-are-chain-analytics-platforms-a-complete-guide-to-blockchain-intelligence-tools/): In a world where every blockchain transaction is recorded but not easily understood, chain analytics platforms emerge as the lens that brings clarity to chaos. What Are Chain Analytics Platforms?Chain analytics platforms are specialized tools that provide deep visibility into blockchain networks. They allow users to monitor transactions, trace the flow of assets, identify wallet activity, and analyze on-chain behavior. Think of them as the blockchain equivalent of Google Analytics — but instead of tracking website clicks, they track digital asset movements and smart contract interactions. Core Capabilities1. Transaction MonitoringThese platforms enable real-time tracking of individual transactions, allowing users to follow [&hellip;]
- [Ethereum Eyes $4K Breakout as Bullish Momentum Grows](https://diutocoinnews.com/2025/07/ethereum-eyes-4k-breakout-as-bullish-momentum-grows/): Ethereum’s bullish momentum builds as top investors predict a breakout past $4,000, possibly outperforming Bitcoin in coming months. Ethereum is gaining strength as it nears the $4,000 mark. After rebounding above key moving averages, market watchers expect a breakout. Galaxy Digital CEO Mike Novogratz revealed they hold over 52,000 ETH worth $194M. While Bitcoin remains their top holding, he sees ETH entering a “price discovery phase” above $4K. Novogratz also expects Bitcoin to reach $130K–$150K, but says ETH’s limited supply and growing user base make it more attractive. Institutional demand is driving Ethereum’s rally. Bitwise CIO Matt Hougan says ETH is [&hellip;]
- [Everything You Can Do With a Blockchain Explorer—Beyond Checking Transactions](https://diutocoinnews.com/2025/07/everything-you-can-do-with-a-blockchain-explorer-beyond-checking-transactions/): Behind every blockchain transaction lies a world of transparent data. Blockchain explorers unlock that world—empowering users with real-time, verifiable insight What Is a Blockchain Explorer?A blockchain explorer is a web-based interface that allows users to interact with and inspect blockchain data. Often described as the &#8220;search engine&#8221; of a blockchain, it provides real-time access to transaction histories, wallet activity, block details, network metrics, and more. It plays a central role in enabling transparency, traceability, and user autonomy within decentralized networks. Core Functions of a Blockchain Explorer1. Transaction TrackingUsers can enter a transaction hash (tx hash) to view detailed information about a [&hellip;]
- [Nigerian Stock Market Rises for 9th Week, ASI Nears 135,000](https://diutocoinnews.com/2025/07/nigerian-stock-market-rises-for-9th-week-asi-nears-135000/): Nigerian stocks gained for the 9th straight week as strong sectors and key earnings boosted investor confidence. The All-Share Index rose 2.18% to 134,452.93, marking 9 weeks of gains despite lower trading volume. Top sectors:✓ Industrial Goods (+4.66%)✓ Insurance (+3.07%)✓ Banking (+1.84%) Biggest gainers✓ The Initiates Plc (+60.82%)✓ Wema Bank (+23.60%)✓ Academy Press (+33.00%) Top losers✓ Secure Electronic Tech (–23.97%)✓ Omatek Ventures (–23.93%) Corporate highlights✓ Oando plans ₦500B share sale✓ Q2 results released by key firms✓ Okomu Oil announced ₦30 dividend Momentum may push ASI past 135,000 next week.
- [The Future of High-Throughput Blockchains: Parallelization Explained](https://diutocoinnews.com/2025/07/the-future-of-high-throughput-blockchains-parallelization-explained/): Blockchains are bottlenecked by time itself—until parallelization breaks the chain, unleashing true scalability, speed, and decentralized potential. What is Parallelization?Parallelization is the method by which a blockchain network processes several transactions at the same time, rather than lining them up in a queue. It&#8217;s an architectural evolution designed to eliminate bottlenecks inherent in linear execution. Instead of a serialized model like:Transaction 1 → Transaction 2 → Transaction 3 We move to:Transaction 1 + Transaction 2 + Transaction 3 → executed in parallel This shift enables networks to significantly increase transactions per second (TPS) and reduce congestion-related fees. Why Parallelization MattersParallel execution [&hellip;]
- [Nigeria Moves to Regulate Stablecoins, Eyes Digital Currency Growth](https://diutocoinnews.com/2025/07/nigeria-moves-to-regulate-stablecoins-eyes-digital-currency-growth/): Nigeria signals support for stablecoins under strict regulation, aiming to boost innovation while protecting users and the local economy. Nigeria’s SEC says it’s ready to support stablecoins—under clear regulation. At the Nigeria Stablecoin Summit, SEC Director-General Emomotimi Agama confirmed Nigeria is open to stablecoin business, but only with protections in place. He noted rising stablecoin use among Nigerians coping with naira volatility and stressed the need for local rules tailored to Africa’s realities. The new ISA 2025 law gives the SEC legal backing to regulate digital assets. Several stablecoin startups are already in the SEC’s regulatory sandbox. Agama envisions Nigeria as [&hellip;]
- [Yul vs. Huff: A Comparative Overview of Low-Level Languages in Ethereum Development](https://diutocoinnews.com/2025/07/yul-vs-huff-a-comparative-overview-of-low-level-languages-in-ethereum-development/): In Ethereum&#8217;s pursuit of peak performance, two languages emerge—Yul and Huff—each wielding precision, but with vastly different philosophies. What is Yul?Yul is an intermediate, low-level language designed for Ethereum developers who seek optimized smart contract code while retaining a degree of readability and structure. It serves as a bridge between high-level languages like Solidity and the raw bytecode executed by the Ethereum Virtual Machine (EVM). Key characteristics of Yul include:||A simplified syntax suitable for both the EVM an d the Ethereum-flavored WebAssembly (eWASM).|| Easier to read and write compared to raw assembly, making it a practical tool for inline optimization.|| Usable [&hellip;]
- [Institutions Now Hold Over 10% of All Bitcoin as ETF Demand Surges](https://diutocoinnews.com/2025/07/institutions-now-hold-over-10-of-all-bitcoin-as-etf-demand-surges/): Institutional investors now control over 10% of Bitcoin’s supply, signaling massive accumulation driven by ETFs and rising demand. Institutional investors now hold over 2.3 million BTC, worth around $135 billion, according to HODL15Capital. That’s more than 10% of Bitcoin’s total supply, and includes major U.S. spot ETFs like BlackRock’s IBIT, Grayscale’s GBTC, Fidelity’s FBTC, and corporate treasuries like MicroStrategy. In January 2025, institutions held 1.8 million BTC. A year ago, it was just 1.4 million BTC. That’s a 64% increase year-over-year, and 27% in six months, driven by spot ETF approvals, rising demand, and increased institutional confidence. Demand Now 10x Bitcoin’s [&hellip;]
- [Maximal Extractable Value (MEV): What Every DeFi User Should Know](https://diutocoinnews.com/2025/07/maximal-extractable-value-mev-what-every-defi-user-should-know/): Before a single block is sealed, value moves in the shadows. MEV reveals the hidden battleground inside every transaction. What is MEV (Maximal Extractable Value)?Maximal Extractable Value (MEV) refers to the maximum value a validator, miner, or searcher can extract from the reordering, inclusion, or exclusion of transactions within a block. MEV is a byproduct of blockchain architecture—particularly in systems with transparent mempools like Ethereum—where the order of transactions can significantly impact financial outcomes. Often called the “invisible tax” on blockchain users, MEV allows sophisticated actors to capitalize on transaction ordering, often to the detriment of everyday users. How MEV WorksWhen [&hellip;]
- [Ghana to Regulate Bitcoin and Crypto Platforms Amid Surging Usage](https://diutocoinnews.com/2025/07/ghana-to-regulate-bitcoin-and-crypto-platforms-amid-surging-usage/): Ghana is moving to regulate cryptocurrency platforms by September, as adoption grows and oversight becomes essential across Africa.  Ghana plans to license bitcoin and crypto platforms under a new regulatory framework set to reach parliament by September, according to Bank of Ghana Governor Johnson Asiama. “We are actually late in the game,” Asiama said, noting many Ghanaians use crypto for payments, yet these aren’t reflected in national financial data due to lack of oversight. The central bank aims to better track financial activity, manage inflation, and strengthen the local currency, the cedi. The cedi has risen 48% in the past year, [&hellip;]
- [Naira Holds Steady as CBN Maintains Rates and Dollar Weakens](https://diutocoinnews.com/2025/07/naira-holds-steady-as-cbn-maintains-rates-and-dollar-weakens/): CBN holds interest rates for the 7th time, stabilizing the naira despite a weakened US dollar globally. The Nigerian naira remained stable at ₦1,535 per dollar on the unofficial market, following the CBN’s decision to keep the Monetary Policy Rate (MPR) unchanged for the seventh consecutive time. This came despite the U.S. dollar index dropping near a two-week low. The naira didn’t benefit much, but its steadiness signals informal market confidence. After its 301st Monetary Policy Committee (MPC) meeting, the CBN kept all key rates unchanged:✓ MPR at 27.5%✓ Cash Reserve Ratio: 50% (deposit banks), 16% (merchant banks)✓ Liquidity Ratio: 30%✓ [&hellip;]
- [DRC Launches Blockchain Diploma System to End Fraud and Digitize Education](https://diutocoinnews.com/2025/07/drc-launches-blockchain-diploma-system-to-end-fraud-and-digitize-education/): The DRC just declared war on fake diplomas—ushering in a blockchain-powered future for academic integrity and governance. The Democratic Republic of Congo (DRC) has launched “e-Diplôme,” a blockchain-based platform to eliminate diploma fraud and modernize education. Unveiled on July 18 in Kinshasa, the system digitally issues and verifies academic credentials using blockchain, ensuring instant, tamper-proof authentication for employers, embassies, and institutions. Accessible via www.schoolap.cd, each diploma is stored in a secure, immutable archive—protecting against forgery, loss, and degradation. Officials hailed it as a breakthrough for transparency, governance, and digital sovereignty, positioning the DRC as a Central African leader in education tech. [&hellip;]
- [Bitcoin Whales Move $8.6B as Trump Signs Landmark Crypto Law](https://diutocoinnews.com/2025/07/bitcoin-whales-move-8-6b-as-trump-signs-landmark-crypto-law/): After 14 years dormant, early Bitcoin giants stir—just as Trump signs the U.S.’s first crypto law. Eight early Bitcoin wallets moved $8.6 billion last week after 14 years of silence, coinciding with Bitcoin’s $122K high and President Trump signing the GENIUS Act, the first major U.S. crypto law. One whale sent 40,000 BTC ($4.77B) to Galaxy Digital, which quickly routed $236M to exchanges, triggering a dip to $116K. The GENIUS Act enforces 1:1 stablecoin backing and regular audits. It also removes federal restrictions on crypto-bank partnerships—part of Trump’s “Crypto Week” push to make the U.S. a blockchain hub. Despite the correction, [&hellip;]
- [Nigerian Stock Market Hits Record High, Closes Above 131,000 Points](https://diutocoinnews.com/2025/07/nigerian-stock-market-hits-record-high-closes-above-131000-points/): Nigerian stocks soared to new 2025 highs, extending gains amid bullish sentiment and sector strength. The Nigerian stock market extended its winning streak to eight weeks, as the All-Share Index rose 4.31% to close at 131,585.66, its highest level in 2025. Market capitalization jumped to ₦83.2 trillion, driven by heavyweight gains in BUA Cement (+31.28%) and Dangote Cement (+16.47%). Despite fewer advancers (49 vs. 90 prior week), strong momentum in cement and banking stocks fueled the rally. The Industrial Goods Index surged 19.17%, while the Banking Index gained 5.36%. Nestlé Nigeria also impressed, up 20%, boosting the Consumer Goods Index. Top [&hellip;]
- [Trump’s GENIUS Act Could Reshape Africa’s Stablecoin Future — New Law Sparks Global Ripple Effects](https://diutocoinnews.com/2025/07/trumps-genius-act-could-reshape-africas-stablecoin-future-new-law-sparks-global-ripple-effects/): As Trump signs the GENIUS Act, Africa’s digital dollar lifeline faces new U.S.-driven regulations, risks, and geopolitical entanglements. President Trump has signed the GENIUS Act, the U.S.’s first federal law regulating dollar-backed stablecoins like USDT and USDC. While aimed at protecting U.S. financial interests, the law could significantly disrupt how Africans use stablecoins for saving, trading, and remittances. In countries like Nigeria, Kenya, and Ghana, stablecoins are critical tools for bypassing inflation, weak currencies, and capital controls. But the new law enforces strict KYC, AML, and reserve requirements on issuers—many of whom are U.S.-based, such as Tether and Circle. What Could [&hellip;]
- [Bitcoin Blasts Past $123K as Strategy Buys More and ETFs See Record Inflows](https://diutocoinnews.com/2025/07/bitcoin-blasts-past-123k-as-strategy-buys-more-and-etfs-see-record-inflows/): Bitcoin just soared to historic highs, driven by institutional buying, ETF inflows, and a U.S. crypto policy shakeup in motion. Bitcoin hit a record high above $123,000 on Monday before pulling back slightly, fueled by major institutional interest and ETF demand. Strategy Inc., formerly MicroStrategy, bought 4,225 BTC last week for $472.5 million, raising its total holdings to 601,550 BTC. The purchase was funded through its at-the-market offering program. At the same time, U.S. spot bitcoin ETFs attracted massive inflows—$1 billion on Thursday and Friday alone, and $2.7 billion for the full week. BlackRock’s iShares Bitcoin Trust (IBIT) led the pack. [&hellip;]
- [Oil &amp; Gas Stocks Plunge in 2025—But Value Investors May Spot a Buying Opportunity](https://diutocoinnews.com/2025/07/oil-gas-stocks-plunge-in-2025-but-value-investors-may-spot-a-buying-opportunity/): Nigeria’s oil stocks are crashing—but beneath the rubble, savvy investors may find rare value in overlooked, profit-making companies. Oil and gas stocks are down over 10% in 2025, shedding nearly ₦750 billion in value. Only Eterna (+71%), JapaulGold (+47%), and Total (+1%) are positive. Others, like Conoil (-40%) and MRS (-31%), have plunged. Yet valuations are compelling. The sector trades at ₦11 per ₦1 profit, vs. ₦33 in consumer goods. Price-to-book ratios also favor oil: 3x vs. 7x. Still, high share prices (e.g., Seplat ₦5,000+) deter small investors, despite strong fundamentals. All eight stocks remain below 52-week highs—potential upside for long-term [&hellip;]
- [Naira to Trade Between ₦1,500–₦1,600 in H2 2025 Amid CBN Support and Oil Market Recovery](https://diutocoinnews.com/2025/07/naira-to-trade-between-%e2%82%a61500-%e2%82%a61600-in-h2-2025-amid-cbn-support-and-oil-market-recovery/): Analysts predict the naira will hover between ₦1,500–₦1,600 in H2 2025, buoyed by CBN interventions and rising reserves. Optimum Global projects the Nigerian naira will trade between ₦1,500 and ₦1,600 per dollar in H2 2025, assuming favorable macroeconomic conditions. In its latest investment outlook report, the firm credited Central Bank interventions—like targeted dollar sales and FX injections—for stabilizing the naira despite oil market volatility. The naira weakened in Q2 due to falling oil prices and high dollar demand, hitting ₦1,596/$ in April. However, geopolitical tensions and a crude rebound above $70 per barrel helped strengthen the naira to ₦1,530/$ by June. [&hellip;]
- [EOCO Secures Africa’s First Crypto Fraud Asset Repatriation in Landmark Digital Crime Victory](https://diutocoinnews.com/2025/07/eoco-secures-africas-first-crypto-fraud-asset-repatriation-in-landmark-digital-crime-victory/): EOCO achieves Africa’s first crypto fraud asset repatriation, signaling a new era in forensic digital crime fighting and public protection. Ghana’s Economic and Organised Crime Office (EOCO) has announced Africa’s first successful confiscation and planned repatriation of assets linked to cryptocurrency fraud. Acting Director Raymond Archer confirmed the breakthrough at a press briefing in Accra, declaring it a major step in EOCO’s mission to protect the economy and youth from digital exploitation. The recovered assets were traced to fraudulent crypto schemes, with repatriation efforts currently underway. EOCO also formalized a strategic partnership with QNET to combat brand abuse by scam networks, [&hellip;]
- [Bank of Ghana Now Requires All Crypto Companies to Register in Landmark Regulatory Overhaul](https://diutocoinnews.com/2025/07/bank-of-ghana-now-requires-all-crypto-companies-to-register-in-landmark-regulatory-overhaul/): Ghana mandates registration for all crypto firms, aiming to boost transparency, curb financial crime, and safeguard consumers in the digital economy. The Bank of Ghana has announced a mandatory registration policy for all cryptocurrency companies, including exchanges, wallet providers, and blockchain payment platforms. This new regulation aims to enhance oversight, enforce global KYC standards, and protect users from fraud and illicit financing. Both existing and new entrants to the crypto space must now register officially and meet international compliance standards. While some in Ghana’s crypto community see the move as a step toward mainstream adoption, others fear it may hinder innovation, [&hellip;]
- [CBN Sets July 2025 MPC Meeting to Decide Nigeria’s Next Interest Rate Direction](https://diutocoinnews.com/2025/07/cbn-sets-july-2025-mpc-meeting-to-decide-nigerias-next-interest-rate-direction/): Nigeria’s Central Bank will hold its next Monetary Policy Committee meeting this July to review interest rates and economic direction. The Central Bank of Nigeria (CBN) has announced that its 301st Monetary Policy Committee (MPC) meeting will take place on July 21–22, 2025, at its Abuja headquarters. The two-day meeting will start at 10:00 a.m., with CBN Governor Olayemi Cardoso set to reveal new policy decisions at the end. This meeting comes as analysts and investors watch for fresh signals on Nigeria’s monetary path amid global uncertainties and high local inflation. At its last meeting in May, the MPC kept the [&hellip;]
- [How South Africa Could Earn R540 Million More in Tax by Updating Crypto Rules](https://diutocoinnews.com/2025/07/how-south-africa-could-earn-r540-million-more-in-tax-by-updating-crypto-rules/): South Africa could boost its economy and tax income by updating crypto rules to match global standards, says Luno South Africa could earn at least R540 million more in tax every year by updating a single crypto rule, says Luno, one of the world’s biggest crypto exchanges. Marius Reitz, Luno’s GM for Africa and Europe, said digital assets like Bitcoin have outperformed shares and bonds for a decade, but local investors are blocked by outdated laws. &gt; “Recently, Bitcoin hit over R2 million, growing 1,000% in five years,” said Reitz. “If local managers could offer Bitcoin ETFs, it would unlock huge [&hellip;]
- [EFCC Raises Alarm on Politicians Hiding Loot in Crypto, Warns of Rising Virtual Asset Scams in Nigeria](https://diutocoinnews.com/2025/07/efcc-raises-alarm-on-politicians-hiding-loot-in-crypto-warns-of-rising-virtual-asset-scams-in-nigeria/): As stolen billions vanish into blockchain wallets, Nigeria’s anti-corruption chief sounds the alarm: crypto fraud may soon outpace money laundering. EFCC Chairman Ola Olukoyede has warned that corrupt politicians and fraudsters are increasingly using cryptocurrencies to conceal stolen funds and evade detection. Speaking on Africa Anti-Corruption Day in Kaduna, he described virtual asset fraud as a fast-emerging threat that may soon outpace traditional money laundering across Africa. Represented by Kaduna Zonal Director Bawa Usman Kaltungo, Olukoyede said criminals are warehousing illicit wealth in digital wallets and routing payments through crypto channels. While cryptocurrencies aren’t illegal, he warned that their anonymity is [&hellip;]
- [IMF Flags Crypto Surge in Nigeria: Risks to FX, Capital Flow, and Security](https://diutocoinnews.com/2025/07/imf-flags-crypto-surge-in-nigeria-risks-to-fx-capital-flow-and-security/): Crypto is exploding in Nigeria. The IMF warns: unchecked growth could destabilize the naira, fuel fraud, and drain capital. The IMF has raised concerns over Nigeria’s growing use of crypto for cross-border transactions, warning it poses serious risks to capital flow controls, monetary stability, and regulatory enforcement. According to the IMF’s latest country report, Nigeria ranked among the world’s top three crypto adopters, with over $59 billion in transactions between July 2023 and June 2024. The global market grew 1,511% over five years, from $211 billion to $3.4 trillion. Key threats cited include:||FX disruption: Crypto inflows bypass formal channels, weakening reserves [&hellip;]
- [Crypto Bridge Exchange Operators Remanded Over Alleged $1B Investment Scam](https://diutocoinnews.com/2025/07/crypto-bridge-exchange-operators-remanded-over-alleged-1b-investment-scam/): Two crypto platform operators face serious fraud charges in Nigeria after allegedly running an unlicensed scheme promising massive returns. A Federal High Court in Abuja has ordered Awerosuo Otorudo and Chukwuebuka Ehirim, operators of Crypto Bridge Exchange (CBEX), to be held in Kuje Prison until July 18. They are accused of running a fraudulent investment scheme. The Economic and Financial Crimes Commission (EFCC) charged them with three offences involving illegal financial operations and unlicensed investment activities. The two pleaded not guilty. Their lawyer argued for bail, saying they had no criminal record, voluntarily cooperated with the EFCC, and were unlikely to [&hellip;]
- [Trump Threatens 10% Tariff on BRICS-Aligned Nations Amid Crypto-Fueled De-Dollarization Push](https://diutocoinnews.com/2025/07/trump-threatens-10-tariff-on-brics-aligned-nations-amid-crypto-fueled-de-dollarization-push/): President Trump has threatened tariffs on BRICS-aligned nations, complicating crypto diplomacy amid rising tensions over de-dollarization initiatives. U.S. President Donald Trump has warned of a 10% tariff on exports from countries supporting BRICS’s “anti-American policies,” escalating tensions as the bloc explores alternatives to the U.S. dollar through crypto and CBDC-based systems like BRICS Pay. While Trump supports crypto domestically, this threat targets BRICS nations’ digital finance efforts aimed at bypassing Western-controlled payment networks. BRICS Pay, unveiled in late 2024, uses blockchain infrastructure and national digital currencies to reduce dollar dependency—especially by sanctioned members like China and Russia. China’s foreign ministry responded, [&hellip;]
- [Sway: The High-Performance Language Behind Fuel’s Smart Contracts](https://diutocoinnews.com/2025/07/sway-the-high-performance-language-behind-fuels-smart-contracts/): Before performance becomes reality and security becomes standard, there must be language. Sway is that language—precise, powerful, and unapologetically purpose-built. Sway is a domain-specific language tailored for the Fuel Virtual Machine (FuelVM). It’s designed from the ground up to maximize smart contract safety, composability, and execution efficiency. It draws architectural inspiration from Rust, adopting many of its powerful type system features and compile-time safety checks, while introducing native constructs for blockchain programming. In short: Sway is what you’d get if Rust were redesigned specifically to build secure, modular, low-cost smart contracts. Key Design Principles of Sway Purpose-Built for FuelUnlike general-purpose languages [&hellip;]
- [Nigerian Stock Market Gains 0.83%, Driven by Insurance and Consumer Goods Sectors](https://diutocoinnews.com/2025/07/nigerian-stock-market-gains-0-83-driven-by-insurance-and-consumer-goods-sectors/): Nigeria’s stock market posted weekly gains, fueled by rallies in insurance and consumer goods stocks, edging near the 121,000 mark. The Nigerian stock market ended the week on a bullish note as the All-Share Index rose 0.83% to close at 120,989.66 on July 4, 2025. Weekly trading volume surged to 4.8 billion shares, and market capitalization expanded to ₦76.3 trillion. The NGX Insurance Index led sectoral performance with a 5.86% gain, followed by the Consumer Goods Index at 4.08%. Meanwhile, the Industrial Goods Index declined 2.11%, dragged by a 3.41% fall in Dangote Cement. Top gainers included MEYER Plc (+60.11%), RT [&hellip;]
- [Decentralizing the Physical World: DePIN’s Role in the Web3 Stack](https://diutocoinnews.com/2025/07/decentralizing-the-physical-world-depins-role-in-the-web3-stack/): Before networks were centralized empires. Now, every device is a node, every user a provider. DePIN rewrites infrastructure—peer by peer. Understanding DePIN: Decentralized Physical Infrastructure NetworksDePIN (Decentralized Physical Infrastructure Networks) represents a transformative frontier in blockchain technology. It involves the integration of real-world hardware (such as routers, solar panels, vehicles, sensors, and storage systems) with decentralized networks, enabling physical infrastructure to be owned, operated, and monetized by individuals rather than corporations. In essence, DePIN brings the decentralization ethos of Web3 into the physical world—turning ordinary people into micro-infrastructure providers, and compensating them with crypto-native incentives. How DePIN WorksThe core structure of [&hellip;]
- [Tinubu Joins BRICS Summit to Promote Nigeria’s Economic Reforms and Global Competitiveness](https://diutocoinnews.com/2025/07/tinubu-joins-brics-summit-to-promote-nigerias-economic-reforms-and-global-competitiveness/): President Tinubu arrives in Brazil for the BRICS Summit to showcase Nigeria’s reforms and push for global economic realignment. President Bola Tinubu has arrived in Brazil for the 17th BRICS Summit, where he will present Nigeria’s economic reform agenda and seek stronger ties with fellow member states. The summit, hosted in Rio de Janeiro on July 6–7, brings together BRICS nations—now expanded to include Nigeria, Egypt, Ethiopia, UAE, Iran, and Indonesia. Tinubu, received with military honors at Galeão Air Force Base, is scheduled to meet Brazilian President Lula da Silva and deliver a keynote at the summit plenary. His address will [&hellip;]
- [What Is an ICO? A Complete Guide to Initial Coin Offerings in Blockchain](https://diutocoinnews.com/2025/07/16545/): Before venture capital called the shots, ICOs opened the gates. Blockchain projects now raise capital globally—fast, fluid, and decentralized. What Is an ICO (Initial Coin Offering)?An Initial Coin Offering (ICO) is a blockchain-based fundraising method through which a project raises capital by issuing and selling its own digital tokens. These tokens are usually exchanged for established cryptocurrencies like Ethereum (ETH) or Bitcoin (BTC), and in some cases, fiat currency. ICOs became particularly popular during the early days of blockchain innovation (2016–2018), offering an accessible, global alternative to traditional venture capital fundraising. How Does an ICO Work?The ICO process typically follows these [&hellip;]
- [Asset Chain Founder Urges Africans to Build Value-Capturing Blockchain Infrastructure](https://diutocoinnews.com/2025/07/asset-chain-founder-urges-africans-to-build-value-capturing-blockchain-infrastructure/): Nigerian founder Oguchukwu Aronu urges Africa to build onchain infrastructure that captures value, following Asset Chain’s public mainnet launch. Oguchukwu Aronu, Nigerian founder of Asset Chain, Xend Finance, and WiCrypt, has called on Africans to build blockchain systems that capture economic value, not just consume it. Speaking after Asset Chain’s public mainnet launch—the first EVM-compatible chain from Nigeria—Aronu emphasized that Africa must own part of the $3.3 trillion crypto market. He said Africa’s growing crypto adoption still disproportionately benefits foreign chains like Binance and TRON, while local infrastructure like cNGN remains underutilized. Asset Chain aims to change this by attracting liquidity, [&hellip;]
- [Is Vyper Better Than Solidity for Secure Smart Contracts?](https://diutocoinnews.com/2025/07/is-vyper-better-than-solidity-for-secure-smart-contracts/): Vyper is a smart contract language for Ethereum designed with simplicity, security, and auditability at its core. What is Vyper?Vyper, with file extension .vy, is a Pythonic smart contract programming language for the Ethereum Virtual Machine (EVM), intentionally built to reduce the risks of vulnerabilities, obscure logic, and overly complex contract behaviors. It was conceived as a direct response to the growing concerns around Solidity’s feature set—particularly those features that introduce opportunities for human error or security breaches. &gt; Vyper prioritizes transparency over terseness, security over convenience, and readability over syntactic sugar. Security-Oriented by DesignVyper’s core philosophy is grounded in restriction [&hellip;]
- [Zanzibar and Tether Partner to Advance Blockchain Education and Financial Inclusion in Africa](https://diutocoinnews.com/2025/07/zanzibar-and-tether-partner-to-advance-blockchain-education-and-financial-inclusion-in-africa/): Zanzibar partners with Tether to drive blockchain education, boost digital asset use, and promote financial inclusion across the island region. Zanzibar has joined forces with Tether, the issuer of USDT, to roll out blockchain education and financial inclusion programs across the archipelago. The partnership, confirmed after meetings between Tether CEO Paolo Ardoino and Zanzibar’s Minister of State Mudrick Ramadhan Soraga, aims to empower communities through digital finance literacy. Tether will lead training workshops on Bitcoin, blockchain, and decentralized financial tools, while supporting infrastructure like mobile wallets tailored to local needs. The initiative is part of Tether’s broader African strategy, which includes [&hellip;]
- [Modular Blockchain Design Explained: Inside the Architecture of Appchains](https://diutocoinnews.com/2025/07/modular-blockchain-design-explained-inside-the-architecture-of-appchains/): Appchains are application-specific blockchains designed to optimize performance, scalability, and autonomy for a single use case. What Are Appchains?Appchains, or application-specific blockchains, are sovereign blockchains tailored to a specific application or ecosystem. Rather than sharing space, bandwidth, and consensus with thousands of unrelated projects, appchains operate independently, optimizing every layer of the stack for their core use case. This structure allows developers to customize:1. Tokenomics2. Governance models3. Execution environments4. Consensus mechanisms5. Smart contract logic Each appchain is a self-contained environment with its own rules, validators, and architecture—free from the constraints and congestion of general-purpose platforms. Architectural Modularity: Full-Stack ControlAppchains are defined [&hellip;]
- [FATF Flags Africa's Crypto AML Gaps, Urges Urgent Action on Travel Rule Compliance](https://diutocoinnews.com/2025/07/fatf-flags-africas-crypto-aml-gaps-urges-urgent-action-on-travel-rule-compliance/): FATF warns many countries, including African nations, are failing to enforce crypto AML rules—especially the critical ‘Travel Rule’. The Financial Action Task Force (FATF) has raised alarm over global non-compliance with its crypto anti-money laundering (AML) guidelines, particularly the Travel Rule. This rule requires Virtual Asset Service Providers (VASPs) to collect and share sender and receiver information for significant crypto transactions. As of June 2024, only 30 out of 200+ jurisdictions had begun enforcing the Travel Rule. FATF’s June 2025 bulletin urges urgent action, warning that regulatory inaction—especially in crypto-active regions like Africa—risks increased scrutiny or sanctions. In Africa, South Africa [&hellip;]
- [Understanding Token Generation Events (TGE): The Launchpoint of Crypto Projects](https://diutocoinnews.com/2025/07/understanding-token-generation-events-tge-the-launchpoint-of-crypto-projects/): Before a token trades, before a project thrives—there is the spark. The genesis. The TGE. Where everything begins. What Is a TGE?A Token Generation Event is the formal process by which a blockchain-based project mints (creates) and distributes its native tokens for the first time. These tokens may serve various functions—governance, utility, staking, or economic access—and are typically used to incentivize early contributors and secure capital for further development. In essence, a TGE is the moment a project officially enters the public domain. Core Components of a TGE Token CreationThe technical phase of a TGE involves deploying a smart contract that [&hellip;]
- [Trump Jabs Musk Over Subsidies Amid Political Clash on Tax Bill and EV Mandates](https://diutocoinnews.com/2025/07/trump-jabs-musk-over-subsidies-amid-political-clash-on-tax-bill-and-ev-mandates/): Trump mocks Elon Musk, claiming without subsidies Musk would close Tesla and return to South Africa amid political bill spat. On July 1, President Donald Trump fired back at Elon Musk, suggesting that without government subsidies, Musk might have to shut down Tesla and return to South Africa. The clash ignited after Musk criticized Trump’s tax bill, alleging it raised the national debt ceiling by $5 trillion. Musk’s criticism resonated with other industry leaders, including Coinbase CEO Brian Armstrong, who warned unchecked debt could make Bitcoin the world’s reserve currency. Musk also reiterated his call for a new U.S. political party, [&hellip;]
- [CBEX Crypto Fraud: Court Denies Bail to Suspects in Alleged $1 Billion Scam](https://diutocoinnews.com/2025/06/cbex-crypto-fraud-court-denies-bail-to-suspects-in-alleged-1-billion-scam/): Federal High Court denies bail to CBEX crypto fraud suspects over alleged $1 billion scam defrauding Nigerian investors. The Federal High Court in Abuja has denied bail to three CBEX cryptocurrency fraud suspects accused of orchestrating a $1 billion scam. Justice Emeka Nwite refused their bail applications, citing the weight of evidence presented by the EFCC. The EFCC alleges that the suspects used ST Technologies to lure investors before the CBEX platform collapsed, leaving users unable to withdraw funds. Six individuals are implicated, including Babatunde Busari and Justice Otorudo, who sought bail on health and prolonged detention grounds. The judge ruled [&hellip;]
- [Nigeria Records $3.73 Billion Balance of Payments Surplus in Q1 2025](https://diutocoinnews.com/2025/06/nigeria-records-3-73-billion-balance-of-payments-surplus-in-q1-2025/): Nigeria posted a $3.73B balance of payments surplus in Q1 2025, driven by naira depreciation and Dangote Refinery output. Nigeria recorded a $3.73 billion balance of payments (BOP) surplus in Q1 2025, slightly below Q4 2024’s $3.80 billion, yet higher than Q1 2024’s $3.69 billion. Experts attribute the surplus to a weakened naira and increased domestic fuel production, especially from the Dangote Refinery. The Central Bank of Nigeria (CBN) reported a goods account surplus of $4.16 billion, driven by a 30% rise in non-oil exports and falling non-oil imports. Total exports rose 9.79% to $13.91 billion, while imports dropped to $9.75 [&hellip;]
- [Why Tokenomics Is the Only Crypto Metric That Truly Matters](https://diutocoinnews.com/2025/06/why-tokenomics-is-the-only-crypto-metric-that-truly-matters/): More than hype, tokenomics is the economic skeleton of Web3—where every incentive, scarcity, and signal shapes the future of value. The Financial Architecture of the Blockchain Era&gt; “If blockchain is the engine, tokenomics is the fuel system. Get it right, and the machine runs. Get it wrong, and it implodes.” At its core, tokenomics is the economic framework behind a token-powered system. It defines how tokens are:• Minted (created)• Distributed (who gets them and when)• Utilized (what users can do with them)• Incentivized (how users are rewarded or penalized)• Governed (how decisions are made and by whom) Without solid tokenomics, a [&hellip;]
- [Kenya Becomes Africa’s Second-Highest IMF Debtor with $3.02 Billion Outstanding](https://diutocoinnews.com/2025/06/kenya-becomes-africas-second-highest-imf-debtor-with-3-02-billion-outstanding/): Kenya now owes $3.02B to the IMF, ranking second in Africa and sixth globally, amid stalled disbursements and reform delays. Kenya’s outstanding debt to the International Monetary Fund (IMF) has reached $3.02 billion, making it the second-largest IMF debtor in Africa after Egypt ($7.5 billion) and sixth globally. The country’s reliance on IMF support stems from efforts to stabilize its economy, manage external debt, and navigate fiscal pressures. Under an IMF program launched in 2021, Kenya had secured $606 million by October 2024. However, disbursements were halted in 2025 following mass protests against IMF-backed tax reforms, leading to the withdrawal of [&hellip;]
- [Seychelles Tops Africa in Blockchain Funding, While Nigeria Leads in Deal Volume](https://diutocoinnews.com/2025/06/seychelles-tops-africa-in-blockchain-funding-while-nigeria-leads-in-deal-volume/): Seychelles leads Africa in blockchain funding, attracting 31% of investments despite Nigeria dominating crypto adoption and deal volume. According to the 2025 African Blockchain Report by CV VC, Seychelles has retained its position as Africa’s top destination for blockchain investment, securing $38.35 million in funding—31% of the continent’s total. South Africa followed with $24.25 million, Nigeria with $18.85 million, and Kenya with $5 million. Despite this lead, Seychelles&#8217; share has declined from $209 million in 2022 to $122.45 million in 2024, reflecting a broader drop in blockchain funding across Africa. In contrast, Nigeria—Africa’s leader in crypto adoption and transaction volume—secured only [&hellip;]
- [Boko Haram Uses Cryptocurrency to Fund Terrorism, Exploiting Gaps in Nigeria’s Financial Surveillance](https://diutocoinnews.com/2025/06/boko-haram-uses-cryptocurrency-to-fund-terrorism-exploiting-gaps-in-nigerias-financial-surveillance/): Boko Haram exploits crypto’s anonymity to fund terrorism, spotlighting digital currencies as a growing blind spot in counterterror efforts. Boko Haram has increasingly turned to cryptocurrencies and mobile money to finance its operations, using digital anonymity to bypass traditional banking oversight. The group reportedly raises millions through ransoms, looting, and coerced donations (zakat), then launders the funds via peer-to-peer crypto systems. With over $59 billion traded in crypto between July 2023 and June 2024, Nigeria&#8217;s booming digital asset market—driven by inflation and currency instability—has become fertile ground for abuse. Analysts warn that Boko Haram leverages crypto’s decentralized features to fund weapons, [&hellip;]
- [CBN Governor Calls for African Unity as Afreximbank Capital Surpasses $40 Billion](https://diutocoinnews.com/2025/06/cbn-governor-calls-for-african-unity-as-afreximbank-capital-surpasses-40-billion/): CBN Governor Yemi Cardoso urges African unity as Afreximbank’s capital surpasses $40B, calling for deeper trade integration. At the Afreximbank 2025 Annual Meetings, CBN Governor Yemi Cardoso praised the Bank’s rise from a $750M base to $40B in capital assets, crediting it as a vital pillar of Africa’s economic resilience. He called for strategic cohesion among African states, emphasizing the urgent need to fast-track African Continental Free Trade Area (AfCFTA), strengthen regional integration, and engage the diaspora for sustainable development. Cardoso also highlighted the Bank’s energy sector investments, including Dangote and Port Harcourt refineries, and support for Nigeria’s fertilizer and creative [&hellip;]
- [Crypto Goes Mainstream in South Africa as Luno Pay Powers Everyday Purchases](https://diutocoinnews.com/2025/06/crypto-goes-mainstream-in-south-africa-as-luno-pay-powers-everyday-purchases/): South Africans are using crypto for groceries, flights, and furniture, as everyday digital payments go mainstream via Luno Pay. South Africans are now spending over R2 million ($112,000) each month on everyday goods and services using cryptocurrency, according to Luno. Since launching Luno Pay in November 2024, users have spent over R20 million ($1.1M) at major retailers like Pick n Pay, Dis-Chem, and FlySafair. With over 31,000 merchants accepting crypto and 80% of users returning weekly, Luno Pay signals a shift from crypto speculation to real-world utility. This rise parallels broader adoption across Africa, with stablecoin transaction volumes and partnerships (e.g., [&hellip;]
- [Visa Partners with Yellow Card to Expand Stablecoin Payments Across Africa](https://diutocoinnews.com/2025/06/visa-partners-with-yellow-card-to-expand-stablecoin-payments-across-africa/): Visa partners with Yellow Card to bring stablecoin-powered cross-border payments to Africa, advancing digital dollar access and liquidity tools. Visa has partnered with Yellow Card, Africa’s first licensed stablecoin payments operator, to boost digital dollar adoption across the continent. The collaboration aims to improve cross-border payments, treasury efficiency, and liquidity management, starting with one African country in 2025 and broader expansion in 2026. With rising demand for USD-pegged stablecoins like USDC and USDT, especially in Nigeria and Ethiopia, the partnership responds to the region’s limited access to dollars and growing crypto use. According to Chainalysis, stablecoins now make up 43% of [&hellip;]
- [Kenya Bankers Association Explores Tokenized Collateral to Modernize Lending with Blockchain](https://diutocoinnews.com/2025/06/kenya-bankers-association-explores-tokenized-collateral-to-modernize-lending-with-blockchain/): Kenya’s banking sector is exploring tokenized collateral, signaling a new frontier in blockchain-based lending, transparency, and credit access. The Kenya Bankers Association (KBA) is evaluating the use of tokenized collateral—blockchain-based representations of real-world assets—to streamline lending and enhance transparency, according to NSE CEO Frank Mwiti. This move aligns KBA with global trends in blockchain finance, allowing banks to digitize and track assets like real estate, vehicles, or securities. The shift promises faster loan processing, lower costs, and expanded access to credit, especially for underserved populations. The initiative follows the Nairobi Securities Exchange’s partnership with Hedera Hashgraph and DeFi Technologies to explore [&hellip;]
- [SEC Warns Nigerians Against Fraudulent Crypto Platform CMTrading Over Fake Media, Unlicensed Operations](https://diutocoinnews.com/2025/06/sec-warns-nigerians-against-fraudulent-crypto-platform-cmtrading-over-fake-media-unlicensed-operations/): Nigeria’s SEC warns against crypto platform CMTrading for fraudulent claims, fake media content, and illegal operations in the capital market. The Securities and Exchange Commission (SEC) has issued a public warning against CMTrading, a cryptocurrency and commodities platform accused of fraudulent practices in Nigeria. According to the SEC, CMTrading is not registered to solicit investments or operate in any capacity within the Nigerian capital market. The platform allegedly cloned websites of reputable media outlets like Channels TV, BBC, Punch, and Vanguard, and used doctored videos of prominent Nigerians to lure unsuspecting users. CMTrading also falsely claims affiliation with GCMT South Africa [&hellip;]
- [Nigeria Leads World in Stablecoin Adoption, Ranks Second Globally in Digital Asset Usage](https://diutocoinnews.com/2025/06/nigeria-leads-world-in-stablecoin-adoption-ranks-second-globally-in-digital-asset-usage/): Nigeria tops global stablecoin usage and ranks second in digital asset adoption, signaling Africa’s fast-rising crypto transformation. Nigeria has emerged as the world’s top country for stablecoin adoption and the second globally for overall digital asset usage, according to the 2025 State of Digital Assets Regulation in Africa report by Yellow Card. The report cites 25.9 million Nigerian users and an 11.9% digital asset penetration rate, positioning the country just behind India in global rankings. Nigerians are increasingly turning to USD-backed stablecoins for cross-border payments, inflation hedging, and USD access amid local currency volatility. Sub-Saharan Africa now holds the highest stablecoin [&hellip;]
- [Pairlytics Launches to Transform Public Opinion into Value with a Next-Generation Prediction Market](https://diutocoinnews.com/2025/06/pairlytics-launches-to-transform-public-opinion-into-value-with-a-next-generation-prediction-market/): June 20, 2025 – The global prediction market just got a bold new player. Introducing Pairlytics.com — the first-ever opinion market designed to bring the power of real-time predictions to the masses through a clean, fair, and transparent system unlike anything seen before. At its core, Pairlytics is not just a prediction market — it’s an opinion economy, where users can predict real-world outcomes with clarity and confidence. From crypto assets competing against each other, to global political shifts, major financial trends, and top-tier sports events, Pairlytics turns opinions into real-time decisions — and those decisions into real rewards. What Sets [&hellip;]
- [Voters, Not Venture Capitalists: How DAOs Fund the Future](https://diutocoinnews.com/2025/06/voters-not-venture-capitalists-how-daos-fund-the-future/): Born from code, fueled by consensus, DAOs challenge centuries of hierarchy—offering a future where governance obeys no master. What if organizations could operate without executives, without managers, and without centralized control—relying solely on code, consensus, and community? Enter the DAO: Decentralized Autonomous Organization.An audacious experiment where traditional hierarchies are replaced with token-based voting, and where governance is coded into the blockchain itself. It’s not just a concept—it’s a movement redefining power, ownership, and organizational structure in the digital age. What is a DAO?A DAO is a blockchain-based entity governed by smart contracts and token holders, not individuals or boards. There are [&hellip;]
- [CBN Supervises Forbearance-Exposed Banks Amid Recapitalization Push to Strengthen Nigeria’s Financial Sector](https://diutocoinnews.com/2025/06/cbn-supervises-forbearance-exposed-banks-amid-recapitalization-push-to-strengthen-nigerias-financial-sector/): CBN tightens oversight on forbearance-exposed banks, reinforcing capital buffers to safeguard Nigeria’s banking sector post-COVID reforms. The Central Bank of Nigeria (CBN) has confirmed that banks currently benefiting from forbearance measures remain under strict supervision. These institutions—impacted by credit exposure stress and Single Obligor Limit breaches—are subject to temporary restrictions on dividends, bonuses, and offshore investments as part of Nigeria’s ongoing recapitalization program launched in 2023. CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, noted that the measures aim to reinforce capital buffers and align with global standards like Basel III. Affected banks have been formally notified, and time-bound regulatory [&hellip;]
- [Security by Code, Not Hope: The Clarity Programming Language Explained](https://diutocoinnews.com/2025/06/security-by-code-not-hope-the-clarity-programming-language-explained/): In a realm ruled by shadows and shortcuts, Clarity emerges—a blade of truth, cutting clean through the fog of code. If you want chaos, use something else. If you want control, welcome to Clarity.In an industry where unpredictability often masquerades as innovation, Clarity offers something rare: certainty. Designed specifically for the Stacks blockchain, which builds upon Bitcoin’s security, Clarity rejects ambiguity and embraces transparency with surgical precision. Clarity is a decidable, interpreted, and secure-by-design smart contract language built for Stacks, the layer-1 blockchain that brings smart contracts to Bitcoin. Unlike most languages that prioritize speed of execution over safety, Clarity makes [&hellip;]
- [Kenya Tightens Crypto and AML Laws to Exit FATF Grey List and Regain Global Confidence](https://diutocoinnews.com/2025/06/kenya-tightens-crypto-and-aml-laws-to-exit-fatf-grey-list-and-regain-global-confidence/): Kenya takes a firm regulatory stance on crypto and AML laws as global scrutiny mounts and FATF pressure intensifies. President William Ruto has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025 into law, reinforcing Kenya’s commitment to financial integrity amid mounting international scrutiny. The move follows Kenya’s grey-listing by FATF and the EU due to deficiencies in its AML/CFT regime. A major focus is digital asset regulation. The proposed Virtual Asset Service Providers (VASP) Bill introduces mandatory licensing, local physical presence, KYC/AML compliance, and executive vetting for crypto platforms. This marks a pivot from Kenya’s previously [&hellip;]
- [Rust: The Modern Language That Rewrites the Rules of Systems Programming](https://diutocoinnews.com/2025/06/rust-the-modern-language-that-rewrites-the-rules-of-systems-programming/): A ghost in the machine, Rust whispers power and safety where chaos once ruled—reshaping code, redefining what software can be. In the world of programming languages, few have sparked as much intrigue—and admiration—as Rust. Born from frustration, forged with discipline, and launched with vision, Rust stands at the intersection of power and precision. It is not merely another tool in a developer&#8217;s kit; it is an instrument crafted to solve one of software’s deepest flaws: how do you write code that is both fast and safe? Rust answers that question, and in doing so, reshapes the very foundations of how we [&hellip;]
- [Kenya Ranks Third Globally for Investment Curiosity, Leads in Forex Search Interest](https://diutocoinnews.com/2025/06/kenya-ranks-third-globally-for-investment-curiosity-leads-in-forex-search-interest/): Kenya ranks among the world’s top investment-curious nations, driven by youthful interest in forex trading and financial independence. Kenya has emerged as the third most investment-curious country in the world, according to a new study by BrokerChooser. The research analyzed monthly search volume related to personal finance and investing, placing Kenya ahead of larger economies like Canada, South Africa, and the UAE. With 17,288 investment-related searches per one million people, Kenya ranks just behind Australia and Singapore. A staggering 16,757 of those searches are focused on forex trading, giving Kenya the highest global concentration of forex-related curiosity—nearly three times more than [&hellip;]
- [White Papers Are Boring—Until You Need Millions in Funding](https://diutocoinnews.com/2025/06/white-papers-are-boring-until-you-need-millions-in-funding/): Not a pitch. Not a brochure. A white paper is war paint for ideas—armed with data, strategy, and undeniable conviction. What Is a White Paper?A white paper is a formal, authoritative document that outlines a problem, presents a solution, and articulates the rationale behind a product, project, or policy. While often overlooked due to its serious tone and data-heavy format, the white paper is a foundational asset in establishing credibility, particularly in fields like technology, business, and government policy. Definition and PurposeA white paper is a comprehensive document that: ✗✗ Identifies a specific problem or challenge✗✗ Proposes a well-researched solution✗✗ Provides [&hellip;]
- [Bitget Partners with UNICEF to Empower Girls with Blockchain Skills via Gamified Learning](https://diutocoinnews.com/2025/06/bitget-partners-with-unicef-to-empower-girls-with-blockchain-skills-via-gamified-learning/): Bitget partners with UNICEF Luxembourg to boost global blockchain literacy and digital skills, focusing on adolescent girls through gamified learning. Crypto exchange Bitget has signed a three-year partnership with UNICEF Luxembourg to enhance digital and blockchain literacy among youth, especially adolescent girls. The initiative, part of UNICEF’s Game Changers Coalition, targets 300,000 participants across eight countries, including South Africa, Brazil, and India. Bitget joins global partners like Women in Games and Micron Foundation to help equip 1.1 million girls with STEM and Web3 skills by 2027. The effort is backed by Bitget’s $10 million Blockchain4Her campaign promoting women’s financial independence through [&hellip;]
- [NGX Group and SEC Forge China Ties to Boost Cross-Border Investments and Strengthen Nigeria’s Capital Market](https://diutocoinnews.com/2025/06/ngx-group-and-sec-forge-china-ties-to-boost-cross-border-investments-and-strengthen-nigerias-capital-market/): Nigeria courts China with bold capital market diplomacy, aiming to unlock billions in investment and redefine Africa’s economic future. In a bid to position Nigeria as Africa’s top investment hub, the Nigerian Exchange Group Plc (NGX Group) and the Securities and Exchange Commission (SEC) have reaffirmed their commitment to cross-border capital market partnerships—starting with China. At the recent China-Africa CEO Dialogue during the 4th China–Africa Economic and Trade Expo in Changsha, NGX Group and SEC engaged Chinese corporates and regulators to boost collaboration and financial inflows. Temi Popoola, CEO of NGX Group, emphasized partnerships with exchanges like Shanghai and Hong Kong [&hellip;]
- [Nigerian Senate Unveils Law Criminalizing Ponzi Schemes and Legalizing Crypto to Protect Investors](https://diutocoinnews.com/2025/06/nigerian-senate-unveils-law-criminalizing-ponzi-schemes-and-legalizing-crypto-to-protect-investors/): After trillions lost to scams, Nigeria finally strikes back — a bold new law promises prison, protection, and crypto clarity. The Nigerian Senate is set to unveil the Investment and Securities Act 2024, a sweeping reform that criminalizes Ponzi schemes, legalizes cryptocurrency, and strengthens investor protections. Sponsored by Senator Osita Izunaso and recently signed by President Bola Tinubu, the new Act empowers regulators like the Securities and Exchange Commission (SEC) to prosecute fraudulent schemes, enforce transparency, and officially regulate digital assets. “It is now illegal to promote or operate Ponzi schemes,” Izunaso said, adding that offenders face up to 20 years [&hellip;]
- [Understanding the Onchain Capital Markets and RWA Instruments.](https://diutocoinnews.com/2025/06/understanding-the-onchain-capital-markets-and-rwa-instruments/): If you have just come across this article. It means you are interested in finance. While some see this as a boring topic,&nbsp; you are among the few who find it interesting to understand.&nbsp; The idea is that you fully understand what the Capital Markets is all about and what Onchain Capital Markets is, sit tight let&#8217;s unpack. Our aim is simple, to give you the knowledge you need to understand what Onchain Capital Markets and its instruments is all about.&nbsp; What is Capital Markets: This is a financial market where traders can buy and sell financial instruments like stocks, bonds, [&hellip;]
- [ADCB Threatens Legal Action Over Bank of Ghana’s Warning on AKL Lumi and Digital Currency Ties](https://diutocoinnews.com/2025/06/adcb-threatens-legal-action-over-bank-of-ghanas-warning-on-akl-lumi-and-digital-currency-ties/): The African Diaspora Central Bank (ADCB) has threatened legal action against the Bank of Ghana for warning the public against the AKL Lumi cryptocurrency and its alleged ties to HanyPay and Yellow Card. Ghana’s central bank stated it does not authorize the AKL Lumi or recognize ADCB&#8217;s operations. Yellow Card denied any link to HanyPay, contradicting HanyPay’s earlier claims. ADCB insists the warning was misleading, citing an alleged agreement with Ghana’s Finance Ministry and a 2024 meeting with former President Akufo-Addo. It also claims HanyPay is licensed under a diaspora regulatory framework—though no Ghanaian approval has been shown. No formal retraction [&hellip;]
- [From Peer Review to Permissionless Research: Inside the DeSci Movement](https://diutocoinnews.com/2025/06/from-peer-review-to-permissionless-research-inside-the-desci-movement/): Science breaks free. No ivory towers. No gatekeepers. Just code, community, and open data. DeSci is science—reborn, rewilded, decentralized. Scientific research is undergoing a paradigm shift—moving beyond traditional academic institutions and centralized publishing models, into a decentralized, blockchain-powered ecosystem. This emerging field is known as DeSci (Decentralized Science). It reimagines how research is funded, conducted, and shared, leveraging Web3 technologies such as blockchain, smart contracts, DAOs (Decentralized Autonomous Organizations), and NFTs (Non-Fungible Tokens). Here’s a breakdown of what DeSci entails and why it’s capturing attention across both scientific and crypto communities. What Is DeSci?DeSci (Decentralized Science) refers to a movement that [&hellip;]
- [What Is Cairo? Meet the Language Powering Starknet’s ZK Future](https://diutocoinnews.com/2025/06/what-is-cairo-meet-the-language-powering-starknets-zk-future/): Cairo isn’t just code—it’s cryptographic firepower, forging the future of blockchain through math, scale, and zero trust. In the evolving world of blockchain development, the conversation around STARKs and Layer 2 scalability often centers on one foundational technology: Cairo. As the native programming language of Starknet—a Layer 2 network built on Ethereum—Cairo enables developers to build decentralized applications (dApps) that are not only scalable and secure but also provably correct through cryptographic proofs. This article provides a structured overview of Cairo, its relationship with Starknet, and why it’s becoming a preferred tool for forward-looking developers. 1. What Is Cairo?Cairo (short for [&hellip;]
- [Binance and VAC Back Kenya’s Crypto Regulation Push, Urge Smarter Tax Policy](https://diutocoinnews.com/2025/06/binance-and-vac-back-kenyas-crypto-regulation-push-urge-smarter-tax-policy/): Binance and Kenya’s Virtual Assets Chamber unite to support crypto regulation, advocating for fair tax policies and innovation-driven growth. Binance and the Virtual Assets Chamber (VAC) met with media in Nairobi to support Kenya’s crypto regulation efforts, applauding the Virtual Asset Service Provider (VASP) Bill as a major step forward. Led by Binance Africa’s Head of Legal, Larry Cooke, and VAC Director Allan Kakai, the duo called for balanced tax policies that promote growth without stifling innovation. Speaking ahead of the Kenya Blockchain &amp; Crypto Conference, they emphasized Kenya’s potential to become Africa’s crypto hub—if regulations are smart, enabling, and grounded [&hellip;]
- [Burnout, Bots, and Blockchain: The High-Stakes World of Crypto Communities](https://diutocoinnews.com/2025/06/burnout-bots-and-blockchain-the-high-stakes-world-of-crypto-communities/): The network pulses with voices. Coders chant. Traders prowl. Memes march like banners in war. It’s not just tech — it’s tribe. Crypto communities: the lifeblood of Web3’s rebellion. A crypto community refers to a collective of individuals — including developers, investors, traders, advocates, and enthusiasts — who are united by a shared interest in blockchain technology and digital assets. These communities engage across various platforms such as Discord, Telegram, Reddit, and X (formerly Twitter), where they collaborate, discuss, build, and exchange insights related to the evolving crypto ecosystem. The Importance of Crypto Communities Crypto communities play an essential role in [&hellip;]
- [Biggest Crypto Scams in Africa (2016–2025): Billions Lost, Lessons Learned](https://diutocoinnews.com/2025/06/biggest-crypto-scams-in-africa-2016-2025-billions-lost-lessons-learned/): Since 2016, Africa’s crypto boom has empowered millions—but it’s also birthed some of the world’s most audacious digital frauds. From 2016 to 2025, Africans lost billions to crypto scams that preyed on hope, hype, and financial desperation. Nigeria alone reported over $2 billion in losses, with scams like CBEX, MTFE, and Africrypt dominating headlines. These platforms promised massive returns using buzzwords like AI trading, metaverse forex, and blockchain dividends—yet delivered financial ruin instead. Top scams included:A. CBEX (2024–2025): A fake AI trading platform that stole over ₦1 trillion ($650M) before attempting a “recovery scam” asking victims for reactivation fees. B. MTFE [&hellip;]
- [Crypto Forks Explained: Innovation, Chaos, and the Future of Digital Money](https://diutocoinnews.com/2025/06/crypto-forks-explained-innovation-chaos-and-the-future-of-digital-money/): The blockchain kingdom trembles. Codes clash, visions split. Forks arise—rival chains battle for power, shaping crypto’s fierce, unstoppable future. If you&#8217;ve ever come across multiple versions of the same cryptocurrency — like Bitcoin and Bitcoin Cash, or Ethereum and Ethereum Classic — you may have wondered whether they’re imitations or entirely new projects. The answer lies in a concept known as blockchain forks, a fundamental part of how decentralized networks evolve. What Is a Fork in Blockchain Technology?In the context of blockchain, a fork occurs when the codebase of a blockchain undergoes an update. This update may lead to one of [&hellip;]
- [Naira Strengthens Slightly as Optimism Rises, Dollar Wavers Amid Global Uncertainty](https://diutocoinnews.com/2025/06/naira-strengthens-slightly-as-optimism-rises-dollar-wavers-amid-global-uncertainty/): The Naira Eyes Stability, the Dollar Holds Its BreathAs Nigeria’s currency inches upward, global uncertainty keeps the dollar walking a fiscal tightrope. The Nigerian naira traded just below the N1600/$ resistance in the unofficial market after low activity during recent holidays. Early Tuesday, it hovered around N1587–1590/$, signaling cautious optimism. Key Drivers in Nigeria: |Business Sentiment: A CBN survey showed strong business confidence, especially in agriculture. Factory managers and traders expect hiring and growth in H2. |Expert Outlook: Economist Bismarck Rewane predicts the naira will range between N1600–1650/$ soon, noting it&#8217;s still ~27% undervalued. He highlights the narrowing gap between official [&hellip;]
- [Bitcoin Adoption Grows in Kibera’s Soweto West, But Experts Warn of Overexposure](https://diutocoinnews.com/2025/06/bitcoin-adoption-grows-in-kiberas-soweto-west-but-experts-warn-of-overexposure/): In Kenya’s Kibera slum, bitcoin is enabling financial inclusion—yet raises concerns over risk, volatility, and overexposure. In Soweto West, a neighborhood in Kenya’s Kibera slum, bitcoin is quietly becoming a medium of exchange. Around 200 residents now use BTC, including vegetable vendors and motorcycle taxis, thanks to an initiative by AfriBit Africa, a local fintech. The effort began in early 2022 with crypto-denominated payments to garbage collectors, introducing bitcoin as a banking alternative in one of Africa’s most underbanked areas.&#8220;They don’t need documentation to have a bank account … that gives them the foundation for financial freedom,” said AfriBit Africa co-founder [&hellip;]
- [Nigeria’s SEC Flags Punisher Coin ($PUN) as Unregistered, Warns of High Risk and Fraud](https://diutocoinnews.com/2025/06/nigerias-sec-flags-punisher-coin-pun-as-unregistered-warns-of-high-risk-and-fraud/): Nigeria’s SEC cautions investors to avoid Punisher Coin ($PUN), calling it an unregistered meme coin with no intrinsic value. The Securities and Exchange Commission (SEC) of Nigeria has issued a strong warning to the public regarding Punisher Coin ($PUN)—a meme coin currently being promoted online but not registered or approved for public investment in Nigeria.&#8220;Promoters or issuers of $PUN are not registered to operate in any capacity in the Nigerian Capital Market,” the SEC declared. Why the Red Flag? According to the SEC’s preliminary investigation:1. $PUN is a meme coin with no intrinsic value, use case, or tangible project backing it.2. [&hellip;]
- [Tigran Gambaryan Resigns From Binance After Nigerian Detention, Plans Return to Crypto-Law Enforcement](https://diutocoinnews.com/2025/06/tigran-gambaryan-resigns-from-binance-after-nigerian-detention-plans-return-to-crypto-law-enforcement/): After months in Nigerian custody, Tigran Gambaryan resigns from Binance, vows to keep aiding crypto-law enforcement collaboration. Tigran Gambaryan, the Binance executive detained in Nigeria for eight months, officially resigned from Binance on June 6, 2025, nearly a year after his high-profile release. In a statement shared via X, Gambaryan reflected on his career and reaffirmed his commitment to bridging crypto, compliance, and law enforcement, stating:&#8220;There is a growing need for trusted, experienced operators—people who can translate between technology, enforcement, and compliance.” He hinted at a future role either in public service or a mission-driven private institution. Timeline of Detention &amp; [&hellip;]
- [UN: Africa Bleeds $40 Billion Yearly From Extractive Sector, Urges Urgent Action](https://diutocoinnews.com/2025/06/un-africa-bleeds-40-billion-yearly-from-extractive-sector-urges-urgent-action/): UN ECA warns Africa loses $40B yearly to extractive sector IFFs, calls for urgent reforms and reparatory justice. The UN Economic Commission for Africa (ECA) says Africa loses $40 billion annually to illicit financial flows (IFFs) in the extractive sector—funds that could otherwise build infrastructure, create jobs, and improve public services. Speaking in New York at the close of the 2025 African Dialogue Series, ECA Deputy Executive Secretary Antonio Pedro blamed these leakages on Africa’s colonial-era economic model, which remains heavily reliant on raw material exports.“IFFs in the extractive sector are a symptom of a deeper structural problem—Africa’s overdependence on raw [&hellip;]
- [South Africa Central Bank Defends Use of 1961 Law to Regulate Crypto in Appeal](https://diutocoinnews.com/2025/06/south-africa-central-bank-defends-use-of-1961-law-to-regulate-crypto-in-appeal/): South Africa’s central bank appeals court ruling that challenged its use of apartheid-era exchange control law to regulate crypto. The South African Reserve Bank (SARB) is appealing a High Court ruling that criticized its use of a 1961 exchange control regulation to seize crypto assets. The case involves 4,400 BTC transferred by retailer Leo Cash and Carry to Seychelles-based exchange Huobi—an act SARB claims violates capital export laws. Crypto Not Money? Court Thinks SoPretoria High Court Judge Mandlenkosi Motha had previously ruled that cryptocurrency is not “money” under current exchange control law and questioned whether 1961-era regulations can govern 21st-century digital [&hellip;]
- [Morocco Arrests Suspected Mastermind Behind French Crypto Kidnappings](https://diutocoinnews.com/2025/06/morocco-arrests-suspected-mastermind-behind-french-crypto-kidnappings/): A 24-year-old Franco-Moroccan man accused of orchestrating brutal crypto kidnappings in France has been arrested in Tangier. Moroccan authorities have arrested 24-year-old Badiss Mohamed Amide Bajjou, the alleged mastermind behind a wave of crypto-related kidnappings in France. He was detained in Tangier following an Interpol red notice for hostage-taking and false imprisonment. Bajjou is believed to have orchestrated the January abduction of Ledger co-founder David Balland, during which Balland’s finger was severed to extract a ransom. France Shaken by Crypto ViolenceThe arrest follows a string of high-profile kidnappings and attempts targeting crypto entrepreneurs and their families. The incidents have stirred public [&hellip;]
- [Privacy Isn’t a Crime: Demystifying CoinMixing and CoinJoin](https://diutocoinnews.com/2025/06/privacy-isnt-a-crime-demystifying-coinmixing-and-coinjoin/): Behind every crypto wallet lies a traceable trail—unless you fight back. CoinMixing vs. CoinJoin: Who truly protects your privacy? If you&#8217;re involved in cryptocurrency—or even just exploring it—you might be surprised to learn that most transactions are completely public. Bitcoin, in particular, does not offer built-in privacy. Every transaction you make is recorded on a public ledger called the blockchain, where anyone can view your activity, permanently. To address this, tools like CoinMixing and CoinJoin have emerged. They are designed to obscure the trail of your crypto transactions and protect your financial privacy. Here&#8217;s a breakdown of both, in plain language. [&hellip;]
- [The Silent Alarm Before Every Economic Crisis? Yield Curve Drama Explained](https://diutocoinnews.com/2025/06/the-silent-alarm-before-every-economic-crisis-yield-curve-drama-explained/): Wondering how investors predict recessions? Meet the yield curve—Wall Street’s favorite crystal ball for spotting economic vibes before they hit. Imagine the yield curve as a chart that shows how much interest the U.S. government pays you for lending it money—depending on how long you’re willing to wait to get paid back. ✗ Short loan = less interest (usually)✗ Long loan = more interest (usually) It’s like checking how much extra cash you’ll earn for locking your money away for 2 years, 10 years, or 30 years. Same borrower (the U.S. government), different time frames, different returns. Why It Actually MattersThe [&hellip;]
- [Kenya's 2025 Finance Bill Sparks Privacy Concerns with KRA Data Access Push](https://diutocoinnews.com/2025/06/kenyas-2025-finance-bill-sparks-privacy-concerns-with-kra-data-access-push/): Kenya&#8217;s 2025 Finance Bill seeks to repeal key privacy protections, reigniting concerns over state surveillance and crypto sector implications. Kenya’s 2025 Finance Bill proposes deleting Section 59A(1B) of the Tax Procedures Act—potentially granting the Kenya Revenue Authority (KRA) broad access to private financial data. The clause, introduced in 2024, bars KRA from demanding trade secrets or customer data. Its removal would let KRA access sensitive financial details, including mobile money and bank records, without explicit privacy safeguards. A Renewed Push for SurveillanceThe Treasury had tried a similar move in 2024 by proposing direct amendments to the Data Protection Act. That effort [&hellip;]
- [Naira Strengthens to ₦1,610/$ Amid Parallel Market Recovery and Economic Confidence Boost](https://diutocoinnews.com/2025/06/naira-strengthens-to-%e2%82%a61610-amid-parallel-market-recovery-and-economic-confidence-boost/): The naira appreciates to ₦1,610/$1 in the parallel market, signaling short-term recovery and renewed economic optimism in Nigeria. The naira appreciated to ₦1,610 per US dollar in the parallel market on Monday, strengthening from Friday’s rate of ₦1,630/$1. This rebound comes after a turbulent May, during which the naira dipped by 1.24% in the black market, reaching a low of ₦1,635/$1 mid-month. Between May 21 and 29, the naira showed modest stability, trading between ₦1,618/$1 and ₦1,625/$1. This suggests reduced volatility, despite overall depreciation during the month. Official Market Sees Relative StabilityWhile Monday’s official closing rate was pending at press time, [&hellip;]
- [South African Judge Criticizes Central Bank for Using Apartheid-Era Laws on Crypto](https://diutocoinnews.com/2025/06/south-african-judge-criticizes-central-bank-for-using-apartheid-era-laws-on-crypto/): A South African judge rebukes the central bank for using outdated apartheid-era laws to control modern cryptocurrency transactions. A South African High Court judge has criticized the South African Reserve Bank (SARB) for using 1961 apartheid-era exchange control regulations to govern cryptocurrency transactions. Judge Mandlenkosi Motha questioned why SARB still relies on laws crafted to prevent capital flight during apartheid, saying such outdated legislation is ill-suited to manage digital assets. “Cryptocurrency has existed for over 15 years; SARB can’t claim ignorance,” Motha said. He urged lawmakers to create dedicated legislation for cryptocurrencies, much like intellectual property rights found their space in [&hellip;]
- [Crypto Rug Pulls: What They Are &amp; How to Not Get Wrecked](https://diutocoinnews.com/2025/06/crypto-rug-pulls-what-they-are-how-to-not-get-wrecked/): Ever been ghosted?Now imagine getting ghosted after you sent someone your entire life savings.Yeah. That’s a rug pull. Let’s talk. What even is a rug pull? It’s when a crypto project hypes itself up, takes your money, then straight-up vanishes.Team dips. Project dead. Token worthless. You’re left holding digital trash. Basically: “Thanks for the funds, loser” — Scammy devs, probably How do they get you? • They act like everything’s legit.• Use fancy buzzwords• Partner with influencers• Promise insane gains• Drop NFT exclusives• Start a Discord full of cult vibes You’re thinking, “Wow, this is the next Bitcoin.”Nah fam. It’s the [&hellip;]
- [Is Crypto Really Legal in Nigeria? The Regulatory Confusion Explained](https://diutocoinnews.com/2025/05/is-crypto-really-legal-in-nigeria-the-regulatory-confusion-explained/): Nigeria legalized crypto in 2024—but conflicting actions by banks and regulators keep the ecosystem stuck in legal uncertainty. Crypto Is Legal in Nigeria—But Only on PaperNigeria&#8217;s 2024 Investment and Securities Act (ISA) gave the Securities and Exchange Commission (SEC) clear authority over digital assets, signaling a shift toward crypto legitimacy. But in reality, users still face account freezes, arrests, and bank restrictions. The issue? Regulatory dissonance.In 2021, the Central Bank of Nigeria (CBN) banned banks from facilitating crypto transactions. Though this ban was quietly lifted in 2023, no clear guidance followed. Banks remain cautious. Some fintechs still display warnings against crypto-linked [&hellip;]
- [Kenya’s Crypto Industry Pushes to Scrap 1.5% Digital Asset Tax](https://diutocoinnews.com/2025/05/kenyas-crypto-industry-pushes-to-scrap-1-5-digital-asset-tax/): Kenya’s crypto coalition challenges the 1.5% digital asset tax, calling it unfair and harmful to innovation and investment. Kenya’s leading cryptocurrency firms, backed by PwC Kenya, have submitted a formal proposal to Parliament seeking to scrap the newly revised 1.5% Digital Asset Tax (DAT), arguing that it is unjust, innovation-stifling, and inconsistent with international norms. The coalition—comprising companies like Busha, Luno, Kotani Pay, Swypt, HoneyCoin, and DurraFx—presented their case to the National Assembly’s Finance Committee on May 29, calling for a shift from the flat tax to a more globally aligned framework. The proposal urges lawmakers to repeal Section 12F of [&hellip;]
- [AfDB Projects $39.84 Billion Drop in Africa’s Foreign Funding Amid Shrinking Donor Support](https://diutocoinnews.com/2025/05/afdb-projects-39-84-billion-drop-in-africas-foreign-funding-amid-shrinking-donor-support/): AfDB warns of a $39.84 billion drop in Africa’s foreign funding in 2025 due to shrinking donor aid. The African Development Bank (AfDB) has projected a sharp $39.84 billion decline in foreign financial inflows to Africa in 2025, driven primarily by cuts in Official Development Assistance (ODA) from top donor countries such as the United States and Germany. This projection, detailed in the African Economic Outlook 2025, underscores the growing fiscal strain on donor economies and the cascading impact on low-income African nations that heavily depend on aid for budget support. “If trends continue, Africa could lose 12% of aid from [&hellip;]
- [Homomorphic Encryption: Computing Without Seeing the Data](https://diutocoinnews.com/2025/10/homomorphic-encryption-computing-without-seeing-the-data/): Homomorphic encryption revolutionizes data privacy by allowing computations on encrypted information, enabling secure data processing without revealing the underlying content. Imagine being able to perform mathematical operations on a secret without ever uncovering it. That is the essence of homomorphic encryption — a cryptographic technique that allows computations to be carried out directly on encrypted data, producing results that, once decrypted, match those that would have been obtained if the operations were performed on the unencrypted data. Traditionally, encrypted information must be decrypted before use, exposing it to potential breaches. Homomorphic encryption, however, enables secure processing without decryption — preserving both [&hellip;]
- [Investors Flood Nigeria’s October 2025 Bond Auction Despite Falling Yields](https://diutocoinnews.com/2025/10/investors-flood-nigerias-october-2025-bond-auction-despite-falling-yields/): Nigeria’s latest bond auction drew trillion-naira bids, signaling investor confidence even as yields declined for a second month. Nigeria’s October 2025 bond auction demonstrated strong investor appetite for Federal Government securities despite declining yields. According to Debt Management Office (DMO) data, the five-year FGN AUG 2030 bond cleared at 15.83% (down from 16.00%), while the seven-year FGN JUN 2032 settled at 15.85% (down from 16.20%). Yet, demand remained intense. The seven-year bond drew ₦1.06 trillion in bids—slightly above September’s ₦1.03 trillion—while the five-year note attracted ₦212.66 billion. This sustained interest reflects strong liquidity and investor preference for the stability of sovereign [&hellip;]
- [ECDSA Signatures: The Cryptographic Foundation of Ethereum Authentication](https://diutocoinnews.com/2025/10/ecdsa-signatures-the-cryptographic-foundation-of-ethereum-authentication/): Elliptic Curve Digital Signature Algorithm (ECDSA) enables secure authentication in Ethereum, verifying identity and ownership without exposing private keys. At the core of Ethereum’s security lies the Elliptic Curve Digital Signature Algorithm (ECDSA) — a mathematical system that verifies identity, ownership, and transaction validity without ever revealing the private key.It is the invisible signature that says, “Yes, this transaction truly came from me” — without uttering a word. Authentication in EthereumIn traditional systems, identity depends on credentials such as passwords or email logins. Ethereum takes a radically different path: it relies on cryptographic signatures.When you initiate a transaction, Ethereum verifies your [&hellip;]
- [Nigeria Leads Africa in Global Crypto Adoption, Tunisia Rises Despite Ban](https://diutocoinnews.com/2025/10/nigeria-leads-africa-in-global-crypto-adoption-tunisia-rises-despite-ban/): Crypto adoption is booming worldwide, with Nigeria leading Africa and Tunisia rising fast—even under an official ban. The 2025 Chainalysis Global Crypto Adoption Index reveals widening global disparities in cryptocurrency use. While some nations embrace digital assets, others maintain strict bans over concerns like money laundering and instability. Tunisia, despite prohibiting cryptocurrency since 2018, climbed 28 places to rank 52nd globally and 10th in Africa. The rise is linked to methodological changes that now factor in institutional activity and DeFi usage, though on-ground crypto use remains illegal and confined to peer-to-peer platforms and informal exchanges. Tunisia ranked 43rd for individual centralized [&hellip;]
- [Crypto and Gambling Outpace Nigeria’s Stock Market as Investor Trust Shifts](https://diutocoinnews.com/2025/10/crypto-and-gambling-outpace-nigerias-stock-market-as-investor-trust-shifts/): Crypto and gambling are stealing the spotlight as Nigerians ditch traditional stocks for faster, riskier digital alternatives. Nigeria’s investment scene is transforming rapidly, with cryptocurrency and gambling now eclipsing traditional stock market participation, according to new data from the Securities and Exchange Commission (SEC). Between July 2023 and June 2024, crypto transactions in Nigeria hit $50 billion, SEC Director-General Emomotimi Agama revealed. In contrast, fewer than 4% of Nigerian adults invest in the stock market. Agama, speaking at the Chartered Institute of Stockbrokers (CIS) annual conference, called the shift alarming, warning that capital formation is being undermined as millions pursue high-risk [&hellip;]
- [Nigeria’s Recurrent Debt Overshoots Projections by ₦1.63 Trillion in Q4 2024](https://diutocoinnews.com/2025/10/nigerias-recurrent-debt-overshoots-projections-by-%e2%82%a61-63-trillion-in-q4-2024/): Nigeria’s debt burden keeps rising as Q4 2024 figures show recurrent debt overshooting projections by over ₦1.6 trillion. Nigeria’s recurrent debt rose sharply in the fourth quarter of 2024, exceeding government projections by ₦1.63 trillion, according to the Budget Office of the Federation (BOF). The BOF Q4 2024 Budget Implementation Report shows recurrent debt hitting ₦3.69 trillion, a 78.6% increase above the projected ₦2.07 trillion. The surge was mainly driven by higher interest payments and external debt servicing. Domestic debt servicing cost the government ₦1.32 trillion, slightly above projections, while external debt payments reached ₦2.12 trillion, over 200% higher than the [&hellip;]
- [Nigerians Traded Over $50 Billion in Crypto as SEC Calls for Capital Market Reforms](https://diutocoinnews.com/2025/10/nigerians-traded-over-50-billion-in-crypto-as-sec-calls-for-capital-market-reforms/): Nigeria’s SEC says crypto trading hit $50 billion in a year—highlighting investor distrust in traditional capital markets. The Securities and Exchange Commission (SEC) has revealed that over $50 billion in cryptocurrency transactions occurred in Nigeria between July 2023 and June 2024, reflecting Nigerians’ growing interest in digital assets over traditional investments. According to SEC Director-General Dr. Emomotimi Agama, fewer than 4% of Nigerian adults invest in the capital market, while over 60 million people gamble daily, spending about $5.5 million each day. “The appetite for risk clearly exists, but not the trust,” he said. Agama noted Nigeria’s market capitalization-to-GDP ratio stands [&hellip;]
- [Nigeria, South Africa Exit FATF Grey List After Major Progress on Money-Laundering, Crypto Regulation](https://diutocoinnews.com/2025/10/nigeria-south-africa-exit-fatf-grey-list-after-major-progress-on-money-laundering-crypto-regulation/): FATF has officially removed Nigeria and South Africa from its grey list after reforms tackling money-laundering and terrorist financing. The Financial Action Task Force (FATF) has removed Nigeria and South Africa from its grey list, praising their progress in fighting money-laundering and terrorism financing. The two African powerhouses, alongside Mozambique and Burkina Faso, are no longer under enhanced monitoring. FATF said both nations strengthened financial oversight, inter-agency coordination, and crypto regulation, aligning their systems with global transparency standards. South Africa’s reforms included introducing digital asset laws and rebuilding weakened institutions from the “state capture” era. For Nigeria, the move signals stronger [&hellip;]
- [Over 490 Loan Apps Register with FCCPC as Nigeria Enforces Tough New Lending Rules](https://diutocoinnews.com/2025/10/over-490-loan-apps-register-with-fccpc-as-nigeria-enforces-tough-new-lending-rules/): Nigeria’s FCCPC has tightened control on digital lenders, pushing hundreds of loan apps to register or face heavy fines. The Federal Competition and Consumer Protection Commission (FCCPC) says 492 digital lenders have now registered under Nigeria’s new Digital Lending Regulations 2025, up from 425 in May. The surge comes as operators rush to avoid ₦100 million fines or director disqualifications for non-compliance. Of the 492 registered companies, 434 have full approval, 36 conditional, and 22 are CBN-licensed lenders monitored by the FCCPC. Another 103 unregistered apps remain under investigation. FCCPC chief Tunji Bello said the new law aims to end harassment, [&hellip;]
- [INTERPOL, AFRIPOL Bust $562 Million Crypto Ponzi Scheme Linked to Terrorism in Nigeria](https://diutocoinnews.com/2025/10/interpol-afripol-bust-562-million-crypto-ponzi-scheme-linked-to-terrorism-in-nigeria/): A global INTERPOL-led crackdown has exposed a massive crypto Ponzi scheme tied to terrorism financing across 17 countries. A joint operation by INTERPOL and AFRIPOL has resulted in 83 arrests across Africa, including suspects in Nigeria linked to a $562 million crypto Ponzi scheme defrauding investors in 17 countries. Dubbed Operation Catalyst, the two-month sweep targeted financial crimes tied to terrorism financing and money laundering. INTERPOL identified 160 persons of interest and traced $260 million in illicit funds in both cash and crypto. In Nigeria, 11 suspected terrorists, including alleged extremist leaders, were arrested. Investigators found the Ponzi network posed as [&hellip;]
- [CBN Sets Up Working Group to Explore Stablecoin Adoption in Nigeria](https://diutocoinnews.com/2025/10/cbn-sets-up-working-group-to-explore-stablecoin-adoption-in-nigeria/): Nigeria’s Central Bank has formed a special team to study stablecoin use, regulation, and impact across the economy. The Central Bank of Nigeria (CBN) has created a dedicated working group to assess the potential adoption of stablecoins in the country. CBN Governor Olayemi Cardoso announced the move after the IMF–World Bank meetings in Washington, D.C., explaining that the group will study the regulatory, economic, and technological implications of stablecoins. Cardoso emphasized the need to balance innovation with risk management, ensuring safe growth in Nigeria’s digital finance space. Nigeria already leads Africa in stablecoin use, recording over $24 billion in 2024 transactions. [&hellip;]
- [Most Nigerian Crypto Investors Earn Below ₦250,000 Monthly, Report Reveals](https://diutocoinnews.com/2025/10/most-nigerian-crypto-investors-earn-below-%e2%82%a6250000-monthly-report-reveals/): A new 2025 report reveals that Nigeria’s booming crypto scene is driven by young, low to middle-income earners. A fresh report by Quidax and IFS Insights shows that 85% of Nigerian crypto investors earn below ₦250,000 monthly, placing most in the low- to middle-income class. The study, State of Crypto Adoption in Nigeria 2025, surveyed over 1,850 Nigerians and found that students make up 43% of the country’s crypto users, followed by freelancers and self-employed professionals. “This investor class, however, is not a high-net-worth segment,” the report stated. Despite Africa’s reputation for fast crypto adoption, sub-Saharan Africa accounts for just 2.3% [&hellip;]
- [Interbank Rates Surge as CBN Tightens Liquidity Through Open Market Operations](https://diutocoinnews.com/2025/10/interbank-rates-surge-as-cbn-tightens-liquidity-through-open-market-operations/): Interbank lending rates rose as the CBN implemented liquidity tightening measures to manage excess cash in the financial system. Interbank rates climbed higher this week as the Central Bank of Nigeria (CBN) intensified liquidity tightening through open market operations (OMO) to curb excess cash in the banking system. System liquidity opened at N2.0 trillion, down from N3.4 trillion the previous week, supported by N300 billion OMO maturities. However, it declined further to N1.62 trillion as the CBN absorbed liquidity through primary market repayments. Most banks maintained funds at the Standing Deposit Facility (SDF) window, reflecting low credit appetite. Consequently, the Nigerian [&hellip;]
- [CBN to Roll Over N650 Billion Treasury Bills at October 22 Primary Market Auction](https://diutocoinnews.com/2025/10/cbn-to-roll-over-n650-billion-treasury-bills-at-october-22-primary-market-auction/): The Central Bank of Nigeria will auction N650 billion in Treasury Bills on October 22 to refinance maturing debt. The Central Bank of Nigeria (CBN) will conduct its next Treasury Bills (T-Bills) Primary Market Auction (PMA) on Wednesday, October 22, 2025, rolling over N650 billion in maturing bills on behalf of the Debt Management Office (DMO). The offer includes N100 billion (91-day), N100 billion (182-day), and N450 billion (364-day) tenors. Conducted via a Dutch auction, the sale allows investors to submit competitive bids electronically through the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. Successful bidders will receive allotment [&hellip;]
- [ETPs Gain as Bond Market Dips 0.11% to N51.45 Trillion on NGX](https://diutocoinnews.com/2025/10/etps-gain-as-bond-market-dips-0-11-to-n51-45-trillion-on-ngx-2/): Nigeria’s bond market declined amid profit-taking, while Exchange Traded Products (ETPs) recorded gains and rising investor participation. The fixed income market at the Nigerian Exchange (NGX) fell by 0.11% to N51.45 trillion, as investors booked profits following weeks of sustained rallies. In contrast, the Exchange Traded Products (ETPs) segment saw improved activity, signaling renewed investor appetite for diversified instruments. Weekly data showed bond transactions dropped to 448,601 units worth N381.85 million, compared to 984,209 units valued at N883.36 million the previous week. The FGSUK2027S3 bond dominated activity, accounting for over 88% of total bond trades. Analysts attribute the decline to cautious [&hellip;]
- [Ghana Targets December 2025 for Crypto Regulation Bill Amid Rising Digital Currency Use](https://diutocoinnews.com/2025/10/ghana-targets-december-2025-for-crypto-regulation-bill-amid-rising-digital-currency-use/): Ghana plans to submit its first virtual assets bill to parliament by December 2025 as crypto adoption surges nationwide. Ghana is preparing to introduce a virtual assets bill to parliament before December 2025, marking a major step toward crypto regulation. According to Bank of Ghana Governor Johnson Asiama, the framework for virtual assets oversight has been finalized, with the goal of licensing platforms and regulating unmonitored crypto activity. Despite not yet hiring staff for its crypto enforcement department, the central bank remains confident in meeting the timeline. The upcoming law will empower the Bank of Ghana to collect crypto-related financial data, [&hellip;]
- [Ripple Partners with South Africa’s Absa Bank to Launch Digital Asset Custody Services](https://diutocoinnews.com/2025/10/ripple-partners-with-south-africas-absa-bank-to-launch-digital-asset-custody-services/): Ripple teams up with Absa Bank to bring secure, compliant digital asset custody solutions to Africa’s growing crypto market. Ripple, the institutional blockchain service provider and developer of XRP, has partnered with Absa Bank, one of South Africa’s largest financial institutions, to launch digital asset custody services for its customers. The partnership marks Ripple’s first major custody collaboration in Africa, leveraging its tokenization and crypto infrastructure to support Absa’s $119.5 billion in managed assets. The move reflects growing regional demand for secure, compliant digital asset infrastructure, according to Ripple’s managing director for the Middle East and Africa, Reece Merrick. This development [&hellip;]
- [Naira Gains Ground Against British Pound as Inflation Eases and Forex Inflows Strengthen](https://diutocoinnews.com/2025/10/naira-gains-ground-against-british-pound-as-inflation-eases-and-forex-inflows-strengthen/): The naira appreciated against the British pound amid easing inflation, improved forex inflows, and stronger investor confidence in Nigeria. The naira appreciated against the British pound, closing at N1,945/£ in the official market on Wednesday, as Nigeria’s foreign exchange reforms continue to boost investor sentiment. The Central Bank of Nigeria’s (CBN) decision to float the naira and unify exchange rates has supported the local currency’s consolidation phase, with parallel market rates hovering between N1,920/£ and N2,100/£. Improved FX inflows and moderating inflation, which has declined for the fifth consecutive month, have reinforced short-term bullish momentum for the naira. Data shows the [&hellip;]
- [Nigeria Backs Commonwealth’s $2 Trillion Trade Agenda to Boost Economic Ties and Sustainable Growth<br>](https://diutocoinnews.com/2025/10/nigeria-backs-commonwealths-2-trillion-trade-agenda-to-boost-economic-ties-and-sustainable-growth/): Nigeria has joined other Commonwealth nations to pursue a $2 trillion trade goal aimed at deepening economic cooperation and resilience. Nigeria has joined fellow Commonwealth nations in advancing a $2 trillion trade agenda designed to strengthen economic ties, boost resilience, and promote sustainable growth across member countries. The initiative was announced at a high-level Commonwealth Finance Ministers’ Meeting held on the sidelines of the World Bank and IMF Annual Meetings in Washington D.C., according to a statement from the Federal Ministry of Finance. The Commonwealth Secretariat noted that intra-Commonwealth trade is, on average, 21% cheaper due to shared language and legal [&hellip;]
- [Kenya Passes Landmark Crypto Bill, Central Bank to License Digital Assets Pending Ruto’s Signature](https://diutocoinnews.com/2025/10/kenya-passes-landmark-crypto-bill-central-bank-to-license-digital-assets-pending-rutos-signature/): Kenya’s Parliament has approved a groundbreaking cryptocurrency bill placing the Central Bank in charge of licensing digital assets. Kenya’s Parliament has approved the Virtual Asset Service Providers (VASP) Bill, a landmark law establishing the nation’s first comprehensive regulatory framework for cryptocurrency and digital assets. The legislation designates the Central Bank of Kenya (CBK) as the licensing authority for stablecoins and digital assets, while the Capital Markets Authority (CMA) will oversee crypto exchanges and trading platforms. According to Reuters, the bill now awaits President William Ruto’s signature to become law. The move follows growing digital asset adoption in Kenya, which introduced a [&hellip;]
- [Nigeria’s Public Debt Rises to ₦152.40 Trillion in Q2 2025 as Weaker Naira Inflates Borrowing Costs](https://diutocoinnews.com/2025/10/nigerias-public-debt-rises-to-%e2%82%a6152-40-trillion-in-q2-2025-as-weaker-naira-inflates-borrowing-costs/): Nigeria’s total public debt climbed to ₦152.40 trillion by June 2025, reflecting a ₦3.01 trillion quarterly increase. Nigeria’s total public debt rose to ₦152.40 trillion as of June 30, 2025, up from ₦149.39 trillion in March, according to the Debt Management Office (DMO). The figure represents a 2.01% quarterly increase, driven partly by the depreciation of the naira against the dollar. External debt grew to $46.98 billion (₦71.85 trillion), led by multilateral lenders such as the World Bank, which holds $18.04 billion. Eurobonds accounted for 36.9% of external obligations, highlighting exposure to global market volatility. Domestic debt climbed to ₦80.55 trillion, [&hellip;]
- [Bitcoin Flash Crash Wipes Out $19 Billion in Record Liquidations as Trump Tariff Move Triggers Market Panic](https://diutocoinnews.com/2025/10/bitcoin-flash-crash-wipes-out-19-billion-in-record-liquidations-as-trump-tariff-move-triggers-market-panic/): Bitcoin plunged from $122K to $102K before rebounding, triggering over $19 billion in liquidations across crypto markets. Bitcoin (BTC) suffered a historic flash crash on Saturday, plunging from $122,000 to $102,000 before rebounding to around $112,000. The 17% drop sparked over $19 billion in leveraged liquidations, marking the largest wipeout in crypto history, according to Coinglass. Ethereum (ETH) fell over 20% to $3,440, while other altcoins saw even steeper drops of up to 90%. The crash followed U.S. President Donald Trump’s announcement of a 100% tariff hike on Chinese “critical software” imports, escalating trade tensions and shaking investor confidence. The heaviest [&hellip;]
- [A new Scan to Pay and MoneyBadger integration lets South Africans spend crypto at over 650,000 retail outlets nationwide.](https://diutocoinnews.com/2025/10/a-new-scan-to-pay-and-moneybadger-integration-lets-south-africans-spend-crypto-at-over-650000-retail-outlets-nationwide/): South Africa just took a massive leap in crypto adoption — everyday shopping with Bitcoin and stablecoins is now possible. A new integration between QR payments provider Scan to Pay and Bitcoin payments platform MoneyBadger now allows South Africans to spend crypto directly at over 650,000 retail outlets nationwide. Shoppers can pay using Bitcoin, stablecoins, or other digital assets from exchanges like Binance, Luno, VALR, and Blink, simply by scanning a QR code at checkout. Merchants receive payments in South African rand, eliminating the need for users to convert their crypto into fiat before purchases. This seamless system leverages MoneyBadger’s platform [&hellip;]
- [Uganda Launches CBDC Pilot Backed by Treasury Bonds as Kenya’s Crypto Bill Awaits Presidential Assent](https://diutocoinnews.com/2025/10/uganda-launches-cbdc-pilot-backed-by-treasury-bonds-as-kenyas-crypto-bill-awaits-presidential-assent/): Uganda begins its first central bank digital currency pilot while Kenya’s landmark crypto regulation bill nears presidential approval. Uganda has launched a central bank digital currency (CBDC) pilot — a digital version of the Ugandan shilling backed by treasury bonds and deployed on a permissioned blockchain. The project, developed by the Global Settlement Network (GSN) and Diacente Group, is part of a broader plan to tokenize $5.5 billion in real-world assets across the country. The CBDC adheres to KYC and AML compliance standards, allowing citizens to access it directly through smartphones. Uganda’s tokenization drive will also digitize value flows in agriculture, [&hellip;]
- [Kenya Passes Virtual Asset Bill, Nears Enactment of First Comprehensive Crypto Law in Africa](https://diutocoinnews.com/2025/10/kenya-passes-virtual-asset-bill-nears-enactment-of-first-comprehensive-crypto-law-in-africa/): Kenya’s Parliament has approved the landmark Virtual Asset Service Providers Bill, paving the way for the nation’s first crypto law. Kenya is on the brink of enacting its first cryptocurrency law after Parliament passed the Virtual Asset Service Providers (VASP) Bill, 2025, during its third reading. The legislation now awaits President William Ruto’s assent to become law—positioning Kenya among the first African nations with a comprehensive digital asset framework. The bill designates the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) as joint regulators of virtual assets, with the Treasury Cabinet Secretary empowered to issue rules on stablecoins, [&hellip;]
- [Dubai’s VARA Fines 19 Unlicensed Crypto Firms Up to $163K for Violating Marketing and Licensing Rules](https://diutocoinnews.com/2025/10/dubais-vara-fines-19-unlicensed-crypto-firms-up-to-163k-for-violating-marketing-and-licensing-rules/): Dubai’s crypto regulator, VARA, has fined 19 firms for operating without licenses and breaching strict marketing compliance rules. The Dubai Virtual Assets Regulatory Authority (VARA) has sanctioned 19 crypto firms for operating unlicensed and violating its Marketing Regulations, issuing fines ranging from AED 100,000 ($27,300) to AED 600,000 ($163,000). The regulator also issued cease-and-desist orders, warning investors of the financial and reputational risks of engaging with unlicensed operators. VARA emphasized that enforcement is crucial to maintaining trust and stability in Dubai’s fast-growing Virtual Asset ecosystem. All sanctioned firms must immediately halt operations and promotional activities. This move follows a similar crackdown [&hellip;]
- [Nigeria Opens October 2025 FGN Savings Bonds with Attractive 14.06% and 15.06% Annual Returns](https://diutocoinnews.com/2025/10/nigeria-opens-october-2025-fgn-savings-bonds-with-attractive-14-06-and-15-06-annual-returns/): Nigeria’s Debt Management Office launches October 2025 FGN Savings Bonds, offering competitive interest rates for retail and institutional investors. The Debt Management Office (DMO) has opened subscriptions for the October 2025 Federal Government of Nigeria (FGN) Savings Bonds, offering 14.062% and 15.062% annual interest rates for the 2-year and 3-year tenors, respectively. The offer runs from October 6 to October 10, 2025, with settlement on October 15, 2025. According to the DMO, coupon payments will be made quarterly—on January 15, April 15, July 15, and October 15—while the principal will be repaid in full at maturity. Despite a slight rate drop [&hellip;]
- [zk-Rollups: The Mathematical Shortcut Powering Blockchain Scalability](https://diutocoinnews.com/2025/10/zk-rollups-the-mathematical-shortcut-powering-blockchain-scalability/): zk-Rollups combine cryptography and scalability to make blockchains faster, cheaper, and more efficient without compromising their decentralization or security. Blockchains, for all their innovation, are often victims of their own success. As networks like Ethereum grow busier, every transaction competes for space, driving up fees and slowing performance. It’s like a highway built for bicycles now crowded with trucks, buses, and race cars — traffic jams are inevitable. Enter zk-Rollups, short for Zero-Knowledge Rollups — a technological leap that promises to clear the congestion without widening the road. They compress hundreds or even thousands of transactions into a single bundle, process [&hellip;]
- [Bitcoin Hits Record $125,700 as US Shutdown and ETF Inflows Drive Massive Crypto Rally](https://diutocoinnews.com/2025/10/bitcoin-hits-record-125700-as-us-shutdown-and-etf-inflows-drive-massive-crypto-rally/): Bitcoin surged past $125,700 amid the US government shutdown, boosted by rising ETF inflows and renewed investor confidence. Bitcoin reached a new all-time high of $125,700, according to Coinbase price data on TradingView, fueled by steady ETF inflows during the official US government shutdown. Analysts say the surge reflects a growing appetite for hedge assets like gold and Bitcoin amid rising macroeconomic uncertainty. Meanwhile, Ethereum slipped 0.44% to $4,563, with other cryptocurrencies such as XRP, BNB, Solana, Dogecoin, and Cardano also showing mild declines. Despite short-term pullbacks, sentiment remains bullish as investors move coins off centralized exchanges—signaling long-term holding. According to [&hellip;]
- [Supply Chain Management and Blockchain: From Chaos to Clarity](https://diutocoinnews.com/2025/10/supply-chain-management-and-blockchain-from-chaos-to-clarity/): Blockchain technology is transforming supply chains by introducing transparency, security, and automation into one of the world’s most inefficient systems. Every product we hold — sneakers, smartphones, coffee beans — carries a hidden story. Behind it lies a vast, tangled network of farmers, manufacturers, distributors, shipping companies, and retailers. This web, called the global supply chain, is the circulatory system of modern commerce. Yet, like an overburdened artery, it often clogs, falters, and fails. Traditional supply chains have long been plagued by opacity, inefficiency, and mistrust. A package may appear “in transit” for days without explanation; counterfeit goods slip in undetected; [&hellip;]
- [Nigeria’s CBN and SEC Join Forces to Build a Sustainable Crypto and Digital Currency Framework](https://diutocoinnews.com/2025/10/nigerias-cbn-and-sec-join-forces-to-build-a-sustainable-crypto-and-digital-currency-framework/): Nigeria is reshaping its crypto regulations as CBN and SEC unite to craft a balanced, innovation-driven digital finance framework. Nigeria’s Central Bank (CBN) and Securities and Exchange Commission (SEC) have partnered to create a sustainable framework for digital currencies and crypto regulation — a major shift under President Bola Tinubu’s administration. This move signals Nigeria’s renewed commitment to innovation, financial stability, and a more inclusive digital economy. Announced by CBN Governor Olayemi Cardoso at Lagos Business School, the partnership aims to ensure innovation thrives within a secure, well-regulated environment. It also reverses restrictive policies from the past, when banks were banned [&hellip;]
- [Nigeria’s Money Supply Rises to ₦119.52 Trillion as Government Borrowing Declines](https://diutocoinnews.com/2025/10/nigerias-money-supply-rises-to-%e2%82%a6119-52-trillion-as-government-borrowing-declines/): Nigeria’s money supply surged in August 2025, but government borrowing fell sharply, revealing shifting liquidity trends with mixed economic effects. The Central Bank of Nigeria (CBN) reported that broad money (M3) rose to ₦119.52 trillion in August, driven by quasi-money balances at ₦80.21 trillion as households and firms favored interest-bearing deposits. Narrow money (M1) was smaller at ₦39.30 trillion, reflecting a preference for safer bank-held funds over physical cash. Meanwhile, government borrowing dropped 25.74% year-on-year to ₦23.13 trillion, while private sector credit remained modest at ₦75.83 trillion. Rising net foreign assets at ₦40.94 trillion also boosted liquidity. The CBN introduced new [&hellip;]
- [Bitcoin Script: The Foundation of Programmable Money](https://diutocoinnews.com/2025/10/bitcoin-script-the-foundation-of-programmable-money/): Bitcoin Script powers every transaction by defining spending rules, making Bitcoin not just digital money but truly programmable money. Bitcoin is often described as “digital money,” but beneath its surface lies something more powerful — it is programmable money. At the heart of this programmability is Bitcoin Script, a simple, stack-based programming language that allows each transaction to carry specific rules for spending. In essence, every transfer of Bitcoin is governed by a miniature program that dictates how and under what conditions coins can move. How Bitcoin Script WorksEach Bitcoin transaction functions as a small program built from two parts:|| Locking [&hellip;]
- [CBN Takes Over Fixed Income Market Settlement and Trading to Boost Transparency](https://diutocoinnews.com/2025/10/cbn-takes-over-fixed-income-market-settlement-and-trading-to-boost-transparency/): The Central Bank of Nigeria will assume control of fixed income settlement and trading platforms, ensuring transparency and stronger oversight. The Central Bank of Nigeria (CBN) has announced a phased overhaul of the fixed income market to deepen transparency and efficiency. Beginning November 3, 2025, the CBN will take over settlement processes, followed by full control of the trading platform on December 1. According to Okey Umeano, Acting Director of the Financial Markets Department, the reform will streamline operations, strengthen market integrity, and provide end-to-end visibility of transactions. User Acceptance Testing is set for mid-October, with a pilot phase running alongside [&hellip;]
- [Eclipse Attacks: When a Node Is Trapped in the Dark](https://diutocoinnews.com/2025/10/eclipse-attacks-when-a-node-is-trapped-in-the-dark/): Eclipse attacks exploit peer-to-peer limitations by isolating nodes, trapping them in manipulated realities, and enabling fraud, misinformation, and systemic vulnerabilities. In blockchain security, not every threat is an all-out assault. Some are subtler, targeting individuals rather than the entire network. One such tactic is the eclipse attack—a situation where a single node is deliberately isolated from the broader peer-to-peer system and fed manipulated information. To picture this, imagine being in a city during a blackout. You rely on neighbors for updates, but unbeknownst to you, every “neighbor” is actually part of a staged deception. They control the news you receive, the [&hellip;]
- [South Africa, Nigeria, and Two Others Expected to Exit FATF Grey List in October](https://diutocoinnews.com/2025/10/south-africa-nigeria-and-two-others-expected-to-exit-fatf-grey-list-in-october/): South Africa, Nigeria, Burkina Faso, and Mozambique are set for FATF grey list removal, boosting economic sentiment and credibility. As early as October 24, South Africa, Nigeria, Burkina Faso, and Mozambique may be removed from the Financial Action Task Force’s (FATF) grey list after showing major progress in combating illicit financial flows. FATF experts from Paris recently carried out on-site reviews and confirmed that reforms are substantial and sustainable. The move could restore investor confidence, as greylisting often deters global investors and reduces capital inflows. South Africa’s FTSE/JSE banking index already edged higher after reports of potential removal. Analysts note that [&hellip;]
- [Stablecoins: The Anchor of the Crypto Economy](https://diutocoinnews.com/2025/10/stablecoins-the-anchor-of-the-crypto-economy/): Stablecoins bridge crypto and traditional finance, offering digital stability in volatile markets by pegging value to reliable assets. In a financial world often defined by volatility, stablecoins represent a rare source of calm. While cryptocurrencies such as Bitcoin and Ethereum swing like rollercoasters, stablecoins are designed to remain steady. They are digital tokens pegged to relatively stable assets — most often the U.S. dollar, but also commodities like gold or even baskets of assets. In simple terms: 1 stablecoin ≈ 1 dollar, regardless of how turbulent the broader crypto markets become. If cryptocurrencies are the unpredictable members of the family, stablecoins [&hellip;]
- [FATF Pushes for Crypto Wallet Freezes, African Regulators Likely to Follow Turkey’s Example](https://diutocoinnews.com/2025/09/fatf-pushes-for-crypto-wallet-freezes-african-regulators-likely-to-follow-turkeys-example/): FATF pressure and Turkey’s new crypto account freeze plan signal African regulators may adopt similar powers against financial crime. Turkey is preparing legislation empowering its financial crime watchdog, Masak, to freeze both bank and crypto accounts linked to suspicious activity. The move aligns with Financial Action Task Force (FATF) recommendations to curb money laundering and terrorism financing. This development is significant for Africa, where many nations are FATF members or under scrutiny for weak compliance. Nigeria, Kenya, and South Africa already face pressure to strengthen oversight, and freezing powers for regulators appear increasingly likely. Authorities could soon demand stricter KYC, impose [&hellip;]
- [Slippage in Crypto: The Silent Leak in Your Wallet](https://diutocoinnews.com/2025/09/slippage-in-crypto-the-silent-leak-in-your-wallet/): Imagine walking into a market, agreeing to buy a loaf of bread for $2, only to discover at the cashier that the price has jumped to $2.20 before you could pay. You didn’t change your mind; the price simply slipped away from you. In the world of crypto trading, this quiet shift is known as slippage — the difference between the price you intended to trade at and the price at which your transaction is actually executed. It may sound trivial, but in fast-moving digital markets, slippage can be the hidden drain on your funds. WHY DOES SLIPPAGE HAPPEN?Crypto markets, unlike [&hellip;]
- [Nigerian Man Praised for Returning ₦200M Mistakenly Credited to His Crypto Wallet<br>](https://diutocoinnews.com/2025/09/nigerian-man-praised-for-returning-%e2%82%a6200m-mistakenly-credited-to-his-crypto-wallet/): A Nigerian crypto trader, Sunusi Danjuma Ali, returned over ₦200 million mistakenly credited to his wallet, winning widespread praise. Nigerian crypto trader, Sunusi Danjuma Ali, has been widely praised for returning more than ₦200 million ($135,000) that was mistakenly credited to his Bitunix cryptocurrency wallet. Ali immediately reported the unusual balance to Bitunix’s Africa team and also flagged the issue on the company’s official X account. Bitunix later confirmed it was a system glitch and rectified the error. His integrity has attracted commendations, with former presidential aide Bashir Ahmad highlighting Ali’s honesty as proof that “it is always good to be [&hellip;]
- [Turing Completeness: The Engine Behind Blockchain Possibilities](https://diutocoinnews.com/2025/09/turing-completeness-the-engine-behind-blockchain-possibilities/): Turing completeness defines whether a system can compute anything imaginable — and in blockchain, it separates simplicity from boundless innovation. IntroductionWhen comparing Bitcoin and Ethereum, one often feels like a minimalist savings vault while the other resembles a bustling innovation hub. The difference stems from a concept dating back to the 1930s: Turing completeness. Named after mathematician and computer science pioneer Alan Turing, this principle determines whether a system has the power to compute any function that can be described algorithmically. In blockchain, Turing completeness marks the dividing line between networks built only for transactions and those capable of hosting an [&hellip;]
- [Nigeria Clarifies New Capital Gains Tax on Shares, Big Investors Face Higher Burden](https://diutocoinnews.com/2025/09/nigeria-clarifies-new-capital-gains-tax-on-shares-big-investors-face-higher-burden/): Nigeria’s government explains how its new 25% Capital Gains Tax on share disposals will apply, easing retail investors’ concerns. The Federal Government has clarified details of the newly introduced Capital Gains Tax (CGT) on share disposals, following pushback from market stakeholders. According to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, a 25% CGT applies when proceeds from share sales are reinvested in fixed-income securities or non-equity assets. Retail investors remain largely exempt, with an annual threshold of ₦150 million shielding 99.9% of individuals. The tax targets institutional players and high-net-worth individuals, encouraging reinvestment in Nigerian companies [&hellip;]
- [Testnets: Blockchain’s Safe Sandbox for Innovation](https://diutocoinnews.com/2025/09/testnets-blockchains-safe-sandbox-for-innovation/): Innovation thrives where mistakes are allowed — and Testnets provide that freedom. In the world of blockchain, deploying untested code directly onto the main network would be reckless — the equivalent of practicing skydiving with no parachute. Enter the Testnet, a parallel blockchain environment that mirrors the mainnet but strips away the financial risk. Here, developers can experiment, test, and refine without jeopardizing real assets. What Is a Testnet?A Testnet is essentially a practice arena for blockchain development. It looks and functions like the real network (the mainnet) but uses tokens with no market value. This allows developers to conduct thorough [&hellip;]
- [Moody’s Warns Stablecoin Adoption Threatens Monetary Stability in Emerging Markets](https://diutocoinnews.com/2025/09/moodys-warns-stablecoin-adoption-threatens-monetary-stability-in-emerging-markets/): Moody’s warns stablecoin adoption in emerging markets risks weakening monetary control, fueling capital flight, and triggering systemic shocks. Moody’s Ratings has cautioned that rising stablecoin adoption, especially USD-linked tokens, poses growing risks to financial stability in emerging markets. The report warns of “cryptoization,” where cryptocurrencies replace domestic money, weakening central banks’ ability to control exchange rates, interest rates, and money supply. Stablecoins power remittances, cross-border trade, and savings, but they also create risks: deposit erosion from banks, capital flight through offshore exchanges, and systemic shocks if a major stablecoin loses its peg. Countries like Lebanon and Argentina already show how citizens [&hellip;]
- [Mainnets: The Stage Where Blockchain Becomes Real](https://diutocoinnews.com/2025/09/mainnets-the-stage-where-blockchain-becomes-real/): Picture this: a theatre rehearsal where the actors practice tirelessly, the lights flicker, the props wobble, and mistakes are forgiven. That is the testnet. But once the curtains rise, the audience fills the hall, and the performance begins, there is no room for error. That is the mainnet. In the world of blockchain, the mainnet is not a playground or a practice arena. It is the live stage where every transaction, every contract, and every innovation must stand the test of reality. The Lifeblood of a Mainnet: Native CurrencyEvery mainnet is powered by its own native cryptocurrency — the digital heartbeat [&hellip;]
- [CBN Cuts MPR to 27%: Economists Applaud, SMEs Struggle with High Borrowing Costs](https://diutocoinnews.com/2025/09/cbn-cuts-mpr-to-27-economists-applaud-smes-struggle-with-high-borrowing-costs/): Nigeria’s central bank reduced MPR to 27%, sparking mixed reactions from economists, analysts, and small businesses over growth prospects. The Central Bank of Nigeria cut the Monetary Policy Rate (MPR) by 50 basis points to 27% at its 302nd meeting, a move seen as cautious but significant. Economists like Dr. Paul Alaje welcomed the decision as a “very good development,” noting Nigeria now records its first positive real interest rate in years. He argued that rates should drop closer to 15% to truly drive growth and GDP expansion. Others, including Dr. Adam Abudu, argued the high rate still stifles SMEs, limiting [&hellip;]
- [Nigeria Records $19.92 Billion Investment Signals in Q2 2025, Driven by Energy and Infrastructure](https://diutocoinnews.com/2025/09/nigeria-records-19-92-billion-investment-signals-in-q2-2025-driven-by-energy-and-infrastructure/): Nigeria’s Q2 2025 investment signals surged, reflecting investor confidence across energy, infrastructure, digital services, and social development sectors. Nigeria recorded $19.92 billion in investment signals in the second quarter of 2025, according to Nairametrics and the Nigerian Investment Promotion Commission, a sharp rise from $5.27 billion in the first quarter. This brought total signals for the first half of 2025 to $25.19 billion. Investment signals represent early indicators of investor intent through announced, pledged, in-progress, and completed deals. Energy and infrastructure dominated Q2 activity with over 80 signals, including ExxonMobil’s $1.5 billion deepwater oil commitment and SINOMACH’s $1 billion transport and [&hellip;]
- [Bitcoin Holds Above $112K as ETF Inflows, Corporate Buying Offset Market Weakness](https://diutocoinnews.com/2025/09/bitcoin-holds-above-112k-as-etf-inflows-corporate-buying-offset-market-weakness/): Bitcoin trades above $112K despite weekly losses, with ETF inflows and corporate accumulation signaling bullish long-term demand outlook. Bitcoin (BTC) is trading at $112,588, down 0.57% daily and 3.6% weekly, while Ethereum (ETH) slipped to $4,174 and Solana (SOL) dropped over 10% in seven days. Binance Coin (BNB) remains resilient above $1,024 with a 7% weekly gain. The crypto market cap has eased to $3.89 trillion as the Fear &amp; Greed Index fell to 39, showing risk-off sentiment. Despite short-term weakness, analysts note that ETF and corporate demand for Bitcoin now outpace supply, creating long-term bullish signals. U.S. firms are adding [&hellip;]
- [Sygnia Warns Investors on Bitcoin ETF Despite “Long-Term Play” Outlook<br>](https://diutocoinnews.com/2025/09/sygnia-warns-investors-on-bitcoin-etf-despite-long-term-play-outlook/): South Africa’s Sygnia warns investors to limit Bitcoin ETF exposure, citing volatility, even as CEO sees long-term potential. South Africa’s $20 billion asset manager Sygnia is cautioning clients against over-investing in its Bitcoin exchange-traded fund, citing price volatility. CEO Magda Wierzycka told Bloomberg TV the firm intervenes to stop portfolios from shifting too heavily into its Sygnia Life Bitcoin Plus ETF, benchmarked against BlackRock’s iShares Bitcoin Trust. “The underlying asset is highly volatile. You need to be sure about the messaging around it,” she said. Sygnia’s fact sheet advises investors not to allocate more than 5% of discretionary assets or retirement [&hellip;]
- [EFCC Chairman Calls for Bold Reforms to Boost Africa’s Investment](https://diutocoinnews.com/2025/09/efcc-chairman-calls-for-bold-reforms-to-boost-africas-investment/): EFCC boss Ola Olukoyede urges reforms to strengthen institutions, rule of law, and ease business for Africa’s growth. EFCC Chairman Ola Olukoyede has called for sweeping reforms to unlock Africa’s investment potential. Speaking in Washington, D.C., he said sustainable growth requires strong institutions, rule of law, human capital investment, and an easier business environment. “De-risking Africa requires reforms that improve the ease of doing business, respect for the rule of law, and human capital development,” Olukoyede noted. Showcasing Nigeria, he revealed EFCC has secured over 13,000 convictions in 22 years, including 4,111 in 2024. He highlighted major crackdowns on crypto fraud, [&hellip;]
- [Nigeria’s New Tax Law: What Changes From January 1, 2026](https://diutocoinnews.com/2025/09/nigerias-new-tax-law-what-changes-from-january-1-2026/): Nigeria’s new tax law takes effect January 1, 2026, changing relief rules, income thresholds, and crypto taxation framework. Nigeria has passed a major tax reform effective January 1, 2026. This review changes how individuals and businesses calculate relief and pay taxes. If you earn below N800,000 annually, you pay no income tax. If your company earns below N50 million in turnover, you pay no corporate income tax. The big change is that tax relief is no longer automatic—you must now invest or make specific purchases to qualify. Eligible deductions include contributions to a retirement savings account, life insurance, the National Health [&hellip;]
- [Nigeria’s Crypto Tax Bill: All Transactions, Airdrops, Bounties to Be Taxed Under Draft Law](https://diutocoinnews.com/2025/09/nigerias-crypto-tax-bill-all-transactions-airdrops-bounties-to-be-taxed-under-draft-law/): Nigeria prepares landmark crypto tax bill, aiming to classify transactions, airdrops, bounties, and payments as taxable under law. Nigeria is moving closer to introducing a comprehensive crypto tax framework that brings individuals and businesses engaging in digital assets under the tax net. The draft Nigeria Tax Administration Act, 2025 outlines new obligations under the Federal Inland Revenue Service and the Securities and Exchange Commission (SEC Nigeria). The framework mandates that all Virtual Asset Service Providers register with the relevant tax authority and obtain a SEC Nigeria license before starting operations. SEC oversight will only extend to virtual assets that qualify as [&hellip;]
- [South Africa to Enforce Crypto-Asset Reporting Framework, Ending Era of Tax-Free Blockchain Gains](https://diutocoinnews.com/2025/09/south-africa-to-enforce-crypto-asset-reporting-framework-ending-era-of-tax-free-blockchain-gains/): South Africa is ending crypto’s tax-free days as SARS prepares sweeping new rules to track every digital transaction. South Africa’s Revenue Service (SARS) is set to implement the Crypto-Asset Reporting Framework (CARF), a global OECD standard that forces exchanges, brokers, and wallet providers to identify users and report transaction data annually. A draft of the rules is open for public comment until October 3, 2025. Wiehann Olivier of Forvis Mazars says the scope covers cryptocurrencies, stablecoins, and some NFTs, adding: “CASPs will need to ensure their systems can support both regulatory and tax reporting obligations in parallel.” Failure to comply will [&hellip;]
- [Kenya to Launch Kenya Digital Token (KDT) on Solana to Empower Youth and Drive Digital Economy](https://diutocoinnews.com/2025/09/kenya-to-launch-kenya-digital-token-kdt-on-solana-to-empower-youth-and-drive-digital-economy/): Kenya moves to cement its position in Africa’s digital economy with a Solana-based token empowering youth innovation. Kenya has announced plans to launch the Kenya Digital Token (KDT), a national cryptocurrency built on the Solana blockchain, aimed at giving young people greater access to opportunities in learning, trading, and investment. Former Prime Minister Raila Odinga unveiled the initiative in a video statement, calling it a transformative step to strengthen Kenya’s financial system and position the country as a leader in Africa’s digital economy. He described the token as a tool to boost innovation, entrepreneurship, and wealth creation in the country’s fast-growing [&hellip;]
- [Nigerian Exchange (NGX) Considers Extending Trading Hours to Boost Liquidity and Attract Investors](https://diutocoinnews.com/2025/09/nigerian-exchange-ngx-considers-extending-trading-hours-to-boost-liquidity-and-attract-investors/): Nigeria’s stock exchange weighs longer trading hours in bid to deepen liquidity, attract foreign inflows, and align with peers. The Nigerian Exchange (NGX) is considering extending its trading hours from the current 9:30 a.m.–2:30 p.m. session to 9:00 a.m.–5:00 p.m., Chief Executive Jude Chiemeka revealed during a meeting with market operators. The proposal, quietly discussed for years, is gaining momentum as policymakers and operators seek to boost liquidity and foreign participation. If implemented, it would bring NGX closer to international norms — London and Frankfurt trade 8.5 hours daily, while the New York Stock Exchange trades 6.5 hours. Chiemeka noted the [&hellip;]
- [South African Crypto Firm, NTC Global Trade, Linked to ~$27 Million Investor Losses Faces Liquidation After Probe](https://diutocoinnews.com/2025/09/south-african-crypto-firm-ntc-global-trade-linked-to-27-million-investor-losses-faces-liquidation-after-probe/): South Africa’s crypto sector reels as NTC Global Trade collapses, costing investors millions and sparking probes tied to murder. Pretoria’s High Court has placed NTC Global Trade under provisional liquidation after its Business Rescue Practitioner resigned over death threats. The company raised nearly R500 million (~$27.5m) from investors, but prosecutors allege it was a Ponzi scheme recycling deposits. Attorney Bouwer van Niekerk, who investigated NTC, was assassinated in his Johannesburg law firm’s boardroom in September 2025, a killing linked to the case. Authorities froze R176 million tied to director Edwin Thabo Letopa, while creditors and investors await a final liquidation ruling [&hellip;]
- [Africa to Add 12% of Global Liquids Storage Capacity by 2030, Led by Uganda, Nigeria, and Ghana](https://diutocoinnews.com/2025/09/africa-to-add-12-of-global-liquids-storage-capacity-by-2030-led-by-uganda-nigeria-and-ghana/): Africa is rapidly expanding its petroleum storage, set to add 12% of global capacity by 2030, led by Uganda. Africa is set to contribute around 12% of global liquids storage capacity additions by 2030, driven by population growth, industrialisation, and rising demand for refined petroleum products and chemicals. The region is also boosting storage infrastructure to strengthen exports, ensure energy security, and manage oil supply fluctuations. Uganda is expected to lead capacity growth with the Buloba terminal, a massive facility projected to store 25.2 million barrels. Located in Wakiso district, the terminal will supply the Kampala market and other consumption hubs. [&hellip;]
- [Best Performing Crypto ETFs in September 2025: Bitcoin and Ethereum Funds See $1.1B Inflows](https://diutocoinnews.com/2025/09/best-performing-crypto-etfs-in-september-2025-bitcoin-and-ethereum-funds-see-1-1b-inflows/): Crypto bulls are back as Bitcoin and Ethereum ETFs attract over $1.1 billion in inflows, signaling strong institutional demand. Bitcoin ETFs led the rally on September 12 with $642 million in inflows, marking their fifth straight day of gains. Fidelity’s FBTC drew $315 million while BlackRock’s IBIT added $265 million. Other funds, including Bitwise’s BITB, Ark &amp; 21Shares, VanEck HODL, and Grayscale BTC, also posted healthy inflows. In total, Bitcoin ETFs now manage more than $153 billion in assets with daily trading volume at $3.89 billion, equal to 6.6% of Bitcoin’s market cap. Ethereum ETFs also saw renewed momentum, attracting $406 [&hellip;]
- [Togo Overtakes South Africa as Nigeria’s Top African Trading Partner in Q2 2025](https://diutocoinnews.com/2025/09/togo-overtakes-south-africa-as-nigerias-top-african-trading-partner-in-q2-2025/): Nigeria’s trade patterns shifted sharply in Q2 2025 as Togo surged past South Africa to become its biggest African partner. According to the National Bureau of Statistics, Nigeria’s exports to Togo jumped six-fold in Q2 2025 to N811.97 billion, up from N134.8 billion in Q1. Crude oil accounted for N113.3 billion, while non-crude products dominated at nearly N699 billion. Togo also became Nigeria’s largest African import source, supplying N211.99 billion worth of goods (25.8% of imports). This rise reflects Lomé’s role as a major re-export and logistics hub for West Africa. South Africa, once Nigeria’s top partner, saw trade drop to [&hellip;]
- [South Africa Taxes Influencers: What SARS Says About Social Media Income and Freebies](https://diutocoinnews.com/2025/09/south-africa-taxes-influencers-what-sars-says-about-social-media-income-and-freebies/): SARS has confirmed that influencers in South Africa must pay tax on all earnings, including free products and perks. SARS has officially added social media influencers to its taxpayer categories, making it clear that all income must be declared — whether cash, free trips, gifted products, or services. These benefits fall under the Income Tax Act and are taxable. Many influencers will qualify as provisional taxpayers, meaning they must estimate and pay taxes during the year. SARS says it will support compliance with webinars, videos, and rulings, but stresses that ignorance or payment-in-kind won’t excuse non-declaration. The move comes as influencer [&hellip;]
- [Sub-Saharan Africa Ranks Third in Global Crypto Adoption](https://diutocoinnews.com/2025/09/sub-saharan-africa-ranks-third-in-global-crypto-adoption/): Sub-Saharan Africa is now the world’s third-fastest growing crypto market, fueled by inflation, weak currencies, and real-world use. Sub-Saharan Africa is the third-fastest growing region for crypto adoption, according to a new Chainalysis report. Between July 2024 and June 2025, the region received $205 billion in onchain value, a 52% jump from the previous year. Institutional and Retail MomentumNigeria led the way, attracting $92.1 billion, thanks to inflation and foreign currency shortages that made stablecoins attractive. South Africa’s regulatory framework has fostered a strong institutional crypto market, shifting from exploration to custody and product offerings. Retail adoption is rising fast: 8% [&hellip;]
- [Nigeria Publishes Landmark Tax Reform Laws](https://diutocoinnews.com/2025/09/nigeria-publishes-landmark-tax-reform-laws-2/): Nigeria has officially published landmark tax reform laws, reshaping corporate taxation, revenue collection, and business incentives across Africa’s largest economy. Nigeria’s long-awaited tax reform laws have been officially gazetted, creating a new framework for taxation and revenue administration. Signed into law on June 26, 2025, the reforms overhaul fiscal policy in Africa’s largest economy. The Four New Laws• Nigeria Tax Act (NTA), 2025• Nigeria Tax Administration Act (NTAA), 2025• Nigeria Revenue Service (Establishment) Act (NRSEA), 2025• Joint Revenue Board (Establishment) Act (JRBEA), 2025Committee chairman Taiwo Oyedele said the laws will modernize Nigeria’s tax system, boost compliance, and improve the business climate. [&hellip;]
- [Nigeria Publishes Landmark Tax Reform Laws](https://diutocoinnews.com/2025/09/nigeria-publishes-landmark-tax-reform-laws/): Nigeria has officially published landmark tax reform laws, reshaping corporate taxation, revenue collection, and business incentives across Africa’s largest economy. Nigeria’s long-awaited tax reform laws have been officially gazetted, creating a new framework for taxation and revenue administration. Signed into law on June 26, 2025, the reforms overhaul fiscal policy in Africa’s largest economy. The Four New Laws• Nigeria Tax Act (NTA), 2025• Nigeria Tax Administration Act (NTAA), 2025• Nigeria Revenue Service (Establishment) Act (NRSEA), 2025• Joint Revenue Board (Establishment) Act (JRBEA), 2025Committee chairman Taiwo Oyedele said the laws will modernize Nigeria’s tax system, boost compliance, and improve the business climate. [&hellip;]
- [South Africa Economy Posts 0.8% Growth in Q2 2025](https://diutocoinnews.com/2025/09/south-africa-economy-posts-0-8-growth-in-q2-2025/): South Africa’s economy grew 0.8% in Q2 2025, but structural barriers continue to stall meaningful, long-term growth. South Africa’s economy expanded 0.8% in Q2 2025, improving from 0.1% in Q1, according to official data. Annual growth is still forecast at just 1.2%, well below the 3% needed to generate a million jobs. Growth was driven by mining, manufacturing, electricity, and consumer spending, translating into 2.8% annualized growth, said Old Mutual economist Johann Els. But he cautioned: “It still reflects weak underlying growth.” Deputy Trade and Industry Minister Zuko Godlimpi said boosting SMMEs is crucial, stressing: “This is not merely about economic [&hellip;]
- [Altvest Capital to Rebrand as Africa Bitcoin Corporation](https://diutocoinnews.com/2025/09/altvest-capital-to-rebrand-as-africa-bitcoin-corporation/): Altvest Capital rebrands as Africa Bitcoin Corporation, adopting a Bitcoin Treasury strategy to boost long-term value for shareholders. Altvest Capital, the AltX-listed black-owned SME financier, will rename itself Africa Bitcoin Corporation, becoming Africa’s first Bitcoin Treasury company. The company announced plans to acquire more Bitcoin for its treasury, following its February purchase of 1.00464 BTC. It said the strategy aims to preserve value, hedge inflation, and give shareholders exposure to Bitcoin’s upside. Altvest also launched an equity raise of 1 million shares at R11 each, though its share price slipped 2.08% to R4.70 on the JSE after the news. The firm [&hellip;]
- [Naira Records Biggest Gain of 2025 Against Dollar](https://diutocoinnews.com/2025/09/naira-records-biggest-gain-of-2025-against-dollar/): The Nigerian Naira surged to its strongest level in 2025, driven by CBN reforms and global dollar weakness. The Nigerian Naira posted its biggest one-day gain of 2025 on Thursday, ahead of the Eid-ul-Mawlid holiday. The currency appreciated below the N1,550/$ mark in both official and parallel markets as the US dollar weakened globally. According to CBN data, the naira strengthened to N1,514.87/$ from N1,521.46/$ the previous day. In the parallel market, it held firm below N1,540/$. Analysts credited the gain to CBN reforms, clearance of a $7 billion forex backlog, and higher investment inflows, which the World Bank described as [&hellip;]
- [Bank of Ghana Suspends Flutterwave, Afriex, Cellulant Over Unauthorized Remittance Deals](https://diutocoinnews.com/2025/09/bank-of-ghana-suspends-flutterwave-afriex-cellulant-over-unauthorized-remittance-deals/): Bank of Ghana halts remittance services by Flutterwave, Afriex, Cellulant, and UBA Ghana over repeated compliance violations. The Bank of Ghana (BoG) has suspended the remittance licenses of Flutterwave, Afriex, Cellulant, and settlement bank UBA Ghana for one month, citing unauthorized remittance activities. Halges Financial Technologies faces an indefinite ban. The suspension affects five Money Transfer Operators—Tap Tap Send, Top Connect, Remit Choice, Send App, and Afriex—after breaches of the 2023 remittance guidelines. Flutterwave and Cellulant were flagged for violating requirements on operational approvals and service agreements. UBA Ghana also lost its foreign exchange trading license for one month. All affected [&hellip;]
- [CBN Launches Compliance Department to Tackle Fraud, Boost Oversight](https://diutocoinnews.com/2025/09/cbn-launches-compliance-department-to-tackle-fraud-boost-oversight-2/): CBN launches new Compliance Department to boost financial supervision, fight fraud, and tighten regulation of Nigeria’s banking ecosystem. The Central Bank of Nigeria (CBN) has created a new Compliance Department, now operational from Q2 2025, to strengthen financial supervision and reduce fraud. According to the CBN, the unit will oversee:1. Financial crime (AML, CFT, sanctions)2. Market conduct (disclosures, complaints)3. Cybersecurity &amp; data protection4. Corporate governance &amp; ESG All reports in these areas must now go through the department. &#8220;This move will ensure stronger oversight of non-prudential risks,&#8221; said the CBN. In July, CBN revealed fraud rose 45% in one year—70% via [&hellip;]
- [CBN Launches Compliance Department to Tackle Fraud, Boost Oversight](https://diutocoinnews.com/2025/09/cbn-launches-compliance-department-to-tackle-fraud-boost-oversight/): CBN launches new Compliance Department to boost financial supervision, fight fraud, and tighten regulation of Nigeria’s banking ecosystem. The Central Bank of Nigeria (CBN) has created a new Compliance Department, now operational from Q2 2025, to strengthen financial supervision and reduce fraud. According to the CBN, the unit will oversee:1. Financial crime (AML, CFT, sanctions)2. Market conduct (disclosures, complaints)3. Cybersecurity &amp; data protection4. Corporate governance &amp; ESG All reports in these areas must now go through the department. &#8220;This move will ensure stronger oversight of non-prudential risks,&#8221; said the CBN. In July, CBN revealed fraud rose 45% in one year—70% via [&hellip;]
- [Ripple Expands RLUSD Stablecoin to Africa Through Chipper Cash, VALR, and Yellow Card](https://diutocoinnews.com/2025/09/ripple-expands-rlusd-stablecoin-to-africa-through-chipper-cash-valr-and-yellow-card/): Ripple launches its U.S. dollar stablecoin RLUSD in Africa, boosting payments, liquidity, and humanitarian aid through local partners. Ripple has introduced its stablecoin Ripple USD (RLUSD) to African institutions through partnerships with Chipper Cash, VALR, and Yellow Card. The company says RLUSD enables cross-border payments, liquidity management, and on-chain settlement. Launched in late 2024, RLUSD is regulated by New York’s Department of Financial Services and now has over $700 million in supply across Ethereum and XRP Ledger. Ripple executives note growing global demand, with Africa chosen as a key expansion market. Chipper Cash CEO Ham Serunjogi called RLUSD “transformative” for cross-border [&hellip;]
- [BRICS Loans in Chinese Yuan Attract Developing Nations Over Costly US Dollar](https://diutocoinnews.com/2025/09/brics-loans-in-chinese-yuan-attract-developing-nations-over-costly-us-dollar/): Developing nations shift to Chinese yuan loans from BRICS, citing lower borrowing costs and massive savings over US dollar. Kenya, Panama, Sri Lanka, and others are turning to BRICS member China for loans in yuan instead of the US dollar. The shift is driven by cheaper borrowing costs and currency exchange savings. Panama alone saves over $200 million by choosing yuan financing. Kenya recently secured a $5 billion yuan loan from China’s Exim Bank for a railway project, while Sri Lanka is seeking yuan loans to restart stalled infrastructure. Experts say this is not true de-dollarization but pragmatic economics. Borrowing in [&hellip;]
- [Naira Stability Boosted by China Currency Swap and Peer-to-Peer Forex Trading](https://diutocoinnews.com/2025/09/naira-stability-boosted-by-china-currency-swap-and-peer-to-peer-forex-trading/): Nigeria’s naira steadies as Chinese yuan swap deal and peer-to-peer forex trading reduce pressure on dollar demand. Nigeria’s recent exchange rate stability is being linked to its currency swap deal with China and the rise of peer-to-peer (P2P) forex trading. The swap allows Chinese traders to accept naira for yuan, reducing dependence on the U.S. dollar for transactions. Forex traders say P2P exchanges also cut pressure on the naira by letting individuals trade currencies directly without banks. “The Chinese are now collecting naira for yuan… these two factors are working right now,” said Aminu Gwadebe, president of the Association of Bureau [&hellip;]
- [Naira Strengthens as Diaspora Remittances Surge, While U.S. Dollar Faces Pressure Ahead of Fed Rate Decision](https://diutocoinnews.com/2025/09/naira-strengthens-as-diaspora-remittances-surge-while-u-s-dollar-faces-pressure-ahead-of-fed-rate-decision/): Nigeria’s naira gains support from remittances and investments as U.S. dollar weakens on Fed rate cut expectations. The naira traded stronger at ₦1,550/$ in the parallel market after closing August at ₦1,531.57/$ officially. Gains were fueled by rising remittances and foreign portfolio inflows, with external reserves increasing by $1.72 billion to $41.3 billion. CBN Governor Yemi Cardoso revealed diaspora remittances surged 200% to $600 million in two months, reducing reliance on oil revenues. Foreign investments also climbed to $1.7 billion in July. Analysts expect the naira to stay stable in the official market, though rising demand and a stronger U.S. dollar [&hellip;]
- [South Africa Rejects BRICS De-Dollarization, Sparking Exit Speculation Amid Economic and Political Costs](https://diutocoinnews.com/2025/08/south-africa-rejects-brics-de-dollarization-sparking-exit-speculation-amid-economic-and-political-costs/): South Africa dismisses BRICS currency union as misinformation, fueling exit talks over economic stagnation, geopolitical risks, and de-dollarization doubts. South Africa’s government has officially rejected BRICS de-dollarization plans, calling reports of a currency union “misinformation.” DIRCO stated that narratives about alternative currencies were exaggerated, despite member nations advancing digital payment systems with a possible 2026 launch. The rejection has intensified debate over whether South Africa should leave BRICS. Since 2008, growth has stagnated, while capital and labor restrictions have limited the bloc’s benefits. Competition within BRICS has instead heightened economic pressures. Technical barriers remain severe. Less than 10% of intra-African settlements [&hellip;]
- [Nigeria SEC, Cambridge, and Busha Launch Crypto Course as Provisional Licences Face Delays One Year On](https://diutocoinnews.com/2025/08/nigeria-sec-cambridge-and-busha-launch-crypto-course-as-provisional-licences-face-delays-one-year-on/): Nigeria SEC teams with Cambridge and Busha on crypto course, while slow progress leaves provisional licence holders awaiting full approval. One year after issuing its first provisional crypto licences, Nigeria’s Securities and Exchange Commission (SEC) is partnering with Cambridge Enterprise and crypto startup Busha to launch a six-week executive programme on digital assets. The course, “Digital Assets Innovation, Industry, Regulation and Compliance (DAIIRC),” begins September 30 and targets regulators, banks, policymakers, and compliance leaders. “This partnership reflects our commitment to equipping regulators and market leaders with tools to engage confidently with digital assets,” said SEC Director General Dr. Emomotimi Agama. But [&hellip;]
- [From Money to Art: The Rise of Bitcoin Ordinals And How Satoshis Became NFTs on Bitcoin](https://diutocoinnews.com/2025/08/from-money-to-art-the-rise-of-bitcoin-ordinals-and-how-satoshis-became-nfts-on-bitcoin/): Bitcoin, once digital gold, now births artifacts: satoshis inscribed with art, memes, and memory — currency transforming into cultural canvas. Bitcoin was born as digital money — a peer-to-peer system for transferring value without banks or intermediaries. For more than a decade, it carried that identity faithfully, serving as “digital gold,” admired for its scarcity, permanence, and security. But in 2023, a dramatic twist entered the story. Satoshis, the tiniest fractions of Bitcoin, began to be reimagined. No longer merely silent carriers of value, they could be inscribed with images, poems, memes, even pieces of code. They were reborn as digital [&hellip;]
- [Nigeria SEC Confirms 33% of Population Uses Crypto, Unveils New Rules to Curb ₦1 Trillion Losses](https://diutocoinnews.com/2025/08/nigeria-sec-confirms-33-of-population-uses-crypto-unveils-new-rules-to-curb-%e2%82%a61-trillion-losses/): Nigeria SEC confirms 33% population active in crypto, unveils new rules to combat ₦1 trillion Ponzi scheme losses. The Securities and Exchange Commission (SEC) Nigeria has confirmed that over one-third of the country’s 220 million citizens actively use digital assets, cementing Nigeria’s place as the world’s second-largest crypto market after India. “This is not a fad. The statistics don’t lie,” said SEC Director General Dr. Emomotimi Agama, stressing that most users are under 30. While adoption surges, SEC revealed Nigerians have already lost more than ₦1 trillion ($625 million) to Ponzi schemes and fraudulent projects. To restore trust, the regulator is [&hellip;]
- [SegWit: The Upgrade That Saved Bitcoin From Choking](https://diutocoinnews.com/2025/08/segwit-the-upgrade-that-saved-bitcoin-from-choking/): By 2016, Bitcoin was suffocating on its own growth. SegWit arrived not as a tweak, but as salvation. By 2016, Bitcoin was creaking under its own success. Transactions clogged the network, fees soared, and block space became precious real estate. A system designed for fast, peer-to-peer cash transfers was beginning to feel… sluggish. Then came Segregated Witness (SegWit) — a protocol upgrade that didn’t just unclog the pipes, but re-engineered them. It was the moment Bitcoin shed its bottlenecks and prepared for the next era. What Is SegWit?At its core, every Bitcoin transaction has two main components:1. Transaction data — who [&hellip;]
- [Abuja Court Joins Moniepoint in N21 Billion Fraud Case Involving EFCC, POS Merchants](https://diutocoinnews.com/2025/08/abuja-court-joins-moniepoint-in-n21-billion-fraud-case-involving-efcc-pos-merchants/): Abuja court joins Moniepoint in N21B fraud case linked to Providus Bank POS glitch, EFCC, and merchants. The Federal High Court in Abuja has added Nigerian fintech Moniepoint as a party in a N21 billion fraud case involving the Economic and Financial Crimes Commission (EFCC) and two POS merchants. The dispute stems from an alleged glitch on Providus Bank POS terminals that led to unauthorized double payments worth N21.4 billion. Court documents claim several POS merchants, including Ishola Maruf Ademola and Ilesanmi Saheed Adeniyi, benefited from the duplicate settlements. Justice Emeka Nwite ruled on August 12, 2025, that Moniepoint must be [&hellip;]
- [Abuja Court Joins Moniepoint in N21 Billion Fraud Case Involving EFCC, POS Merchants](https://diutocoinnews.com/2025/08/abuja-court-joins-moniepoint-in-n21-billion-fraud-case-involving-efcc-pos-merchants-2/): Abuja court joins Moniepoint in N21B fraud case linked to Providus Bank POS glitch, EFCC, and merchants. The Federal High Court in Abuja has added Nigerian fintech Moniepoint as a party in a N21 billion fraud case involving the Economic and Financial Crimes Commission (EFCC) and two POS merchants. The dispute stems from an alleged glitch on Providus Bank POS terminals that led to unauthorized double payments worth N21.4 billion. Court documents claim several POS merchants, including Ishola Maruf Ademola and Ilesanmi Saheed Adeniyi, benefited from the duplicate settlements. Justice Emeka Nwite ruled on August 12, 2025, that Moniepoint must be [&hellip;]
- [From Silos to Networks: Why Cross-Chain Interoperability Matters in Blockchain And The Future of Blockchain Connectivity](https://diutocoinnews.com/2025/08/from-silos-to-networks-why-cross-chain-interoperability-matters-in-blockchain-and-the-future-of-blockchain-connectivity/): Interoperability transforms isolated blockchains into a connected ecosystem, enabling seamless asset transfers, data exchange, and collaboration across decentralized networks. If the internet had developed in silos — Gmail users only emailing Gmail, Outlook users locked into Outlook — communication would have fractured into countless incompatible islands. That, in essence, is where blockchain stands today: dozens of powerful networks, each operating independently, unable to communicate natively. Cross-chain interoperability seeks to change that. It is the connective tissue of Web3 — the bridges, highways, and translation layers that allow blockchains to exchange information and assets seamlessly. Without it, blockchain remains fragmented; with it, [&hellip;]
- [China’s Africa Exports Surge 25% in 2025, Reaching $122 Billion Amid US Tariff Pressures](https://diutocoinnews.com/2025/08/chinas-africa-exports-surge-25-in-2025-reaching-122-billion-amid-us-tariff-pressures/): China’s exports to Africa surge 25% in 2025, hitting $122B, as US tariffs redirect trade flows. China is seeing Africa emerge as a key growth driver in 2025, with exports to the continent soaring 25 percent year-on-year to $122 billion. The rise is powered by strong demand for construction machinery, passenger cars, and steel, outpacing sales to other markets where US tariffs slowed orders. Shipments of construction equipment to Africa jumped 63 percent, while car exports more than doubled and steel sales posted double-digit growth. Nigeria, South Africa, and Egypt led the surge, accounting for nearly half of all Chinese exports [&hellip;]
- [The Rise of CBDCs: How Governments Are Shaping Digital Cash And The Digital Money Revolution](https://diutocoinnews.com/2025/08/the-rise-of-cbdcs-how-governments-are-shaping-digital-cash-and-the-digital-money-revolution/): CBDCs fuse state-backed trust with digital efficiency, promising faster payments, greater inclusion, and programmable money — yet sparking deep concerns. CBDCs merge the stability of traditional money with the efficiency of digital innovation.What Are CBDCs?A Central Bank Digital Currency (CBDC) is the digital form of a nation’s official currency, issued and regulated directly by its central bank. Unlike private cryptocurrencies, CBDCs are legal tender: their value matches traditional cash, and they can be used for all payments, taxes, and debts. If one considers cash as paper notes and coins circulating in society, CBDCs are their intangible counterpart — currency you cannot [&hellip;]
- [Stablecoin Adoption Surges Amid USD Crises in Egypt, Nigeria, and Argentina](https://diutocoinnews.com/2025/08/stablecoin-adoption-surges-amid-usd-crises-in-egypt-nigeria-and-argentina/): Stablecoins hit $35B in volumes as Egypt, Nigeria, and Argentina face currency collapse, inflation, and dollar shortages. Stablecoin adoption has surged past $35 billion in transaction volumes as Egypt, Nigeria, and Argentina grapple with devastating USD crises, hyperinflation, and currency devaluation. Citizens are increasingly turning to digital dollars for savings, salaries, and payments as traditional banking systems falter. In Argentina, where inflation has soared to 140 percent, stablecoin usage now equals $11 billion annually—nearly 3 percent of the nation’s M1 money supply. Apps like Lemon Cash allow salaries and rent to be paid in USDT despite regulatory pressure. Nigeria records $24 [&hellip;]
- [Flash Loans Explained: How Instant DeFi Loans Work (and Why They’re Risky)](https://diutocoinnews.com/2025/08/flash-loans-explained-how-instant-defi-loans-work-and-why-theyre-risky/): Ephemeral yet powerful, flash loans redefine finance: uncollateralized, instant, and code-bound, enabling unprecedented opportunity and equally novel risk. Uncollateralized, instantaneous, and code-enforced — flash loans are the most unconventional instrument in decentralized finance. What is a Flash Loan?A flash loan is an uncollateralized loan available in decentralized finance (DeFi) that is borrowed and repaid within the same blockchain transaction. Unlike traditional loans, which require collateral (such as property, assets, or other crypto holdings), flash loans require no security. The condition is simple: the borrowed amount must be repaid immediately, along with a small fee, within the same block of execution. If [&hellip;]
- [South Africa Plans Sweeping Derivatives Market Reforms to Reduce Systemic Risks](https://diutocoinnews.com/2025/08/south-africa-plans-sweeping-derivatives-market-reforms-to-reduce-systemic-risks/): South Africa is tightening oversight of OTC derivatives, introducing new clearing and capital rules to curb systemic risk. South Africa’s Financial Sector Conduct Authority (FSCA) is preparing sweeping reforms to the country’s over-the-counter derivatives market to reduce systemic risks and strengthen supervision. FSCA Commissioner Unathi Kamlana said the regulator plans to mandate central clearing for products such as interest-rate and foreign-exchange swaps, repos, and forwards, aiming to improve transparency in a market valued at 44.7 trillion rand ($2.6 trillion). Non-bank OTC derivatives providers will also face tougher capital requirements under the new framework, aligning their treatment with banks and discouraging riskier [&hellip;]
- [Nigeria Approves New 2024–2027 Debt Strategy to Strengthen Fiscal Stability and Manage Borrowing Risks](https://diutocoinnews.com/2025/08/nigeria-approves-new-2024-2027-debt-strategy-to-strengthen-fiscal-stability-and-manage-borrowing-risks/): Nigeria adopts a fresh debt plan for 2024–2027, setting strict sustainability targets to stabilize borrowing and reassure investors. The Federal Government has approved Nigeria’s Medium-Term Debt Management Strategy (MTDS) for 2024–2027 to promote debt sustainability, fiscal stability, and growth of the domestic securities market, the Debt Management Office (DMO) announced on Saturday. Developed with support from the World Bank and IMF, the MTDS balances government financing needs with debt sustainability and risks, in line with global best practice. Under the plan, Nigeria’s debt-to-GDP ratio is capped at 60 percent by 2027, while interest payments-to-GDP must not exceed 4.5 percent. Sovereign guarantees [&hellip;]
- [Nigeria Deports Over 100 Foreigners for Cybercrime in Major Crackdown](https://diutocoinnews.com/2025/08/nigeria-deports-over-100-foreigners-for-cybercrime-in-major-crackdown/): Nigeria intensifies its cybercrime crackdown, deporting over 100 foreign nationals linked to romance scams and fake cryptocurrency schemes. Nigeria has deported 102 foreign nationals, including 60 Chinese and 39 Filipinos, convicted of “cyber-terrorism and internet fraud,” the Economic and Financial Crimes Commission (EFCC) announced Thursday. EFCC spokesman Dele Oyewale told AFP that since August 15, another 39 Filipinos, 10 Chinese, and two Kazakhs had also been deported. “More deportations are scheduled in the coming days,” he added. The suspects were among 792 cybercriminals arrested in December on Victoria Island, Lagos. Of these, 192 were foreigners, including 148 Chinese, the EFCC confirmed. [&hellip;]
- [Interpol’s Operation Serengeti 2.0 Nets 1,200 Cybercrime Arrests, $97M Recovered](https://diutocoinnews.com/2025/08/interpols-operation-serengeti-2-0-nets-1200-cybercrime-arrests-97m-recovered/): Interpol’s crackdown highlights the global rise of crypto crime, exposing scams, illegal mining, and billion-dollar thefts across continents. Interpol has announced the arrest of 1,209 suspected cybercriminals in a sweeping crackdown across Africa and the U.K., targeting online fraud, crypto scams, and illegal mining operations. The international bust — dubbed Operation Serengeti 2.0 — ran from June through August, recovering $97.4 million and dismantling over 11,400 malicious infrastructures. Nearly 88,000 victims were identified. In Zambia, authorities took down a massive crypto investment scam believed to have stolen $300 million from 65,000 victims lured by false promises of high-yield returns. In Angola, [&hellip;]
- [Nigeria’s FX Reserves Climb to $41 Billion, Highest Since 2021](https://diutocoinnews.com/2025/08/nigerias-fx-reserves-climb-to-41-billion-highest-since-2021/): Nigeria’s foreign reserves hit a 44-month high of $41B, reflecting improved FX inflows, oil earnings, and market stability. Nigeria’s foreign exchange reserves rose to $41.00 billion on August 19, 2025, the highest in nearly four years, according to the Central Bank of Nigeria (CBN). The rally marks the strongest level since December 2021, with reserves adding $1.46 billion month-to-date, up 3.69% since August 1. On average, reserves grew by $81 million per day in August. Year-to-date trendReserves opened 2025 at $40.88B; current levels show only a modest 0.30% YTD increase. The bulk of gains came in the past five weeks, rebounding [&hellip;]
- [African Telecom and Finance Sectors Hit Hardest by Cyberattacks](https://diutocoinnews.com/2025/08/african-telecom-and-finance-sectors-hit-hardest-by-cyberattacks/): Africa faces a cybercrime surge, with telecom, finance, and government sectors hardest hit as attacks climb sharply across key markets. Africa is witnessing a spike in cyberattacks, with Nigeria, Kenya, Angola, and South Africa among the most targeted, according to Check Point Research’s July 2025 Global Threat Report. ✓ Nigeria: 6,101 weekly attacks per company in July (+67% YoY)✓ Kenya: 3,468 weekly attacks (−25% YoY)✓ Angola: 3,731 weekly attacks (−34% YoY)✓ South Africa: 2,113 weekly attacks (+14% YoY) The hardest-hit sectors were telecom, government, and finance, followed by energy and utilities. South Africa’s Comric Report estimates cybercrime costs the country 2.2 [&hellip;]
- [Nigeria Tops Africa’s Stablecoin Market With $22B Transactions](https://diutocoinnews.com/2025/08/nigeria-tops-africas-stablecoin-market-with-22b-transactions/): Nigeria leads Africa’s stablecoin boom with $22B transactions, driving innovation, financial inclusion, and transforming cross-border trade. Nigeria has emerged as Africa’s biggest stablecoin hub, recording $22B in transactions from July 2023 to June 2024, per Yellow Card. Stablecoins now make up 43% of Sub-Saharan Africa’s crypto activity, with South Africa, Kenya, and Ghana following closely. Globally, the market soared from $5B in 2020 to $230B in May 2025—but adoption is sharpest in emerging economies. Why Nigeria leads1. Shield from naira volatility and FX scarcity2. Faster, cheaper cross-border payments3. Boosted by U.S. tariffs and stablecoin regulation momentum Nigeria’s SEC is drafting rules [&hellip;]
- [Foreign Investors Flock Back to South African Bonds, Delivering Top Emerging Market Returns](https://diutocoinnews.com/2025/08/foreign-investors-flock-back-to-south-african-bonds-delivering-top-emerging-market-returns/): South Africa’s bonds are attracting strong foreign inflows, offering some of the highest real yields and returns in emerging markets. According to Bloomberg, government bonds drew 139 billion rand ($7.9B) in net inflows over 18 months through June — more than the previous four years combined. In dollar terms, local bonds returned 29%, second only to Argentina among EM peers. Why it matters1. High real yields supported by low inflation and a stable rand.2. Foreign ownership has stabilized at 24.7%, ending years of decline.3. Confidence boosted by the coalition government’s reform agenda after the 2024 elections. Despite volatility from budget disputes [&hellip;]
- [Nigeria’s July Inflation Eases, But Food Prices Still Rising – CPPE](https://diutocoinnews.com/2025/08/nigerias-july-inflation-eases-but-food-prices-still-rising-cppe/): Nigeria’s latest inflation report shows easing headline and core figures, but food inflation remains stubborn, posing risks for policymakers. According to NBS, headline inflation slowed to 21.88% in July from 22.22% in June. Core inflation also declined, while food inflation moderated month-on-month. Dr. Muda Yusuf, CEO of CPPE, credited the slowdown to exchange rate stability, import duty waivers, and stronger investor sentiment. But risks remain as monthly inflation rose to 1.99% and annual food inflation climbed to 22.74%, driven by supply shocks. CPPE’s advice: stabilize FX markets, cut logistics costs, enforce fiscal discipline, and explore innovative monetary tools beyond high interest [&hellip;]
- [Google Tightens Rules for Crypto Apps on Play Store, Custodial Wallets Need Licenses](https://diutocoinnews.com/2025/08/google-tightens-rules-for-crypto-apps-on-play-store-custodial-wallets-need-licenses/): Google now requires custodial wallets and crypto exchanges to hold official licenses in key regions, while non-custodial wallets remain exempt. According to Google Play’s updated developer policy, crypto app developers must prove compliance with local laws when requested. In the US, developers must be FinCEN-registered and licensed at the state level or operate as recognized banks. In the EU, authorization as a crypto-asset service provider (CASP) under MiCA is mandatory. Regional requirements also include: UK (FCA), Canada (FINTRAC), Japan (FSA), South Korea (VASP reporting), UAE (local regulators), Bahrain (Central Bank), Switzerland (FINMA), Hong Kong (SFC), Thailand (SEC), and South Africa (FCA). [&hellip;]
- [South Africa to Launch Cross-Border Crypto Framework in 2025](https://diutocoinnews.com/2025/08/south-africa-to-launch-cross-border-crypto-framework-in-2025/): South Africa plans strict new rules for cross-border crypto transfers, targeting exchanges to combat illicit flows and strengthen oversight. According to Finance Minister Enoch Godongwana, the South African Reserve Bank (SARB) will release the framework in 2025 after consulting with the National Treasury and the Financial Sector Conduct Authority (FSCA). The rules will focus on crypto asset service providers (CASPs) like Binance, Luno, and VALR, setting conditions, responsibilities, and reporting requirements to close loopholes and prevent financial crimes. The move follows a court ruling that current exchange control laws don’t apply to crypto — a decision SARB has appealed.
- [Bitcoin Hits New Record as Ether Nears All-Time High, Market Shows Strong Institutional Support](https://diutocoinnews.com/2025/08/bitcoin-hits-new-record-as-ether-nears-all-time-high-market-shows-strong-institutional-support/): According to Coin Metrics, Bitcoin surged to $124,496 late Wednesday, breaking its July record of $123,193.63. Ether climbed to $4,791.19, approaching its 2021 peak of $4,866.01. The rally followed a cooler-than-expected July inflation report on Tuesday, boosting hopes for Federal Reserve rate cuts in September and driving both crypto and stock markets higher. The S&amp;P 500 and Nasdaq also hit fresh records. However, hotter-than-expected wholesale inflation data on Thursday pulled prices back — Bitcoin dropped 3% to $118,481, while Ether fell 2% to $4,629.20. For the week, Bitcoin remains up nearly 2%, while Ether has gained over 14%, fueled by institutional [&hellip;]
- [India Eyes Nigerian Oil Purchases in Naira, Boosting De-Dollarization Efforts](https://diutocoinnews.com/2025/08/india-eyes-nigerian-oil-purchases-in-naira-boosting-de-dollarization-efforts/): India’s potential purchase of Nigerian oil in naira could mark a major push toward global de-dollarization. According to Firstpost Africa, Indian refiners — including Indian Oil — have already ordered over 2 million barrels of Nigerian crude, expected to arrive next month. Nigeria, Africa’s largest oil producer, mandates that oil and energy payments be made in naira, rejecting US dollar settlements. This policy aims to strengthen the naira in global markets despite pushback from some refiners. If India proceeds, it would join Nigeria in reshaping global oil trade dynamics, moving away from dollar dominance. India’s interest follows its struggles with US-imposed [&hellip;]
- [Nigeria SEC Pushes for Stronger Crypto Fraud Crackdown Amid Rising Scams](https://diutocoinnews.com/2025/08/nigeria-sec-pushes-for-stronger-crypto-fraud-crackdown-amid-rising-scams/): Surge in crypto scams prompts Nigeria SEC to demand tighter oversight, transparency, and collaboration to protect investors nationwide. The Nigerian Securities and Exchange Commission (SEC) is stepping up its fight against cryptocurrency fraud, calling for greater transparency in the digital asset market. Speaking at a webinar hosted with blockchain analytics firm Chainalysis, SEC Director-General Dr. Emomotimi Agama stressed the need for regulators and private companies to work together. The event — “Combating Scams with Blockchain Intelligence” — highlighted how data sharing, advanced blockchain analytics, and stronger oversight can track and disrupt scams, protecting the public from financial fraud in Nigeria’s growing [&hellip;]
- [Nigerian Firms Post Record Cash Flows Amid Economic Recovery](https://diutocoinnews.com/2025/08/nigerian-firms-post-record-cash-flows-amid-economic-recovery/): Nigerian corporates rebound sharply in 2025 as stable naira fuels record operating cash flows, outpacing profits. After two years of currency volatility and FX-driven losses, Nigeria’s corporate heavyweights are back in profit—driven not just by earnings, but by a surge in operating cash flow, the clearest sign of financial health. An analysis of MTN Nigeria, Dangote Cement, Seplat Energy, Nestlé Nigeria, and BUA Cement shows they generated a combined ₦2.92 trillion in net operating cash flow in H1 2025—140% higher than a year earlier and exceeding their full-year 2024 total. Profits after tax swung to ₦1.21 trillion from a ₦403 billion [&hellip;]
- [Nigeria Processes $92bn in Crypto Transactions, Leading Sub-Saharan Africa](https://diutocoinnews.com/2026/01/nigeria-processes-92bn-in-crypto-transactions-leading-sub-saharan-africa/): Nigeria’s booming crypto activity highlights how inflation, FX shortages, and youth-driven adoption are reshaping Africa’s largest digital asset market. Nigeria processed an estimated $92.1 billion in cryptocurrency transactions between July 2024 and June 2025, making it Sub-Saharan Africa’s largest crypto market, according to PwC’s Nigeria Economic Outlook 2026. The figure is nearly three times South Africa’s volume, underscoring Nigeria’s regional dominance. PwC attributes this growth to Nigeria’s large, youthful, and digitally savvy population, persistent inflation, and limited access to foreign exchange, which have driven individuals and businesses toward crypto and stablecoins as alternative financial tools. Bitcoin remains the dominant entry asset, [&hellip;]
- [EU Disburses €1bn to Egypt Under Macro-Financial Assistance Programme](https://diutocoinnews.com/2026/01/eu-disburses-e1bn-to-egypt-under-macro-financial-assistance-programme/): The European Union has released fresh funding to support Egypt’s economy, reforms, and financial stability amid regional and global pressures. The European Commission has disbursed €1 billion (about $1.16 billion) to Egypt, marking the first of three planned payments under its €4 billion Macro-Financial Assistance (MFA) programme. The funding is aimed at helping Egypt meet urgent financing needs, stabilise its economy, and ease balance-of-payments pressures. EU officials said the support will help offset economic shocks linked to Russia’s war in Ukraine, instability in the Middle East, and disruptions from Houthi attacks in the Red Sea. The payment follows a broader €5 [&hellip;]
- [South Africa Removed From EU High-Risk List After AML and Crypto Reforms](https://diutocoinnews.com/2026/01/south-africa-removed-from-eu-high-risk-list-after-aml-and-crypto-reforms/): South Africa’s EU delisting reflects major AML, financial crime, and crypto regulatory reforms that restored global confidence. South Africa has been officially removed from the European Union’s list of high-risk third-country jurisdictions, effective January 29, 2026. The decision follows the country’s exit from the FATF grey list in October 2025 and recognition of reforms to its anti-money laundering and counter-terrorism financing (AML/CFT) framework. The EU said South Africa addressed key strategic deficiencies identified by FATF, easing enhanced due diligence requirements previously imposed on EU-South Africa financial transactions. Treasury officials noted that while progress is significant, further work is needed in detecting [&hellip;]
- [What Are Blue Chip Stocks? (Easy Guide for Investors)](https://diutocoinnews.com/2026/01/what-are-blue-chip-stocks-easy-guide-for-investors/): Blue chip stocks represent established companies with strong finances, reliable profits, and proven ability to perform well over time. WHAT ARE BLUE CHIP STOCKS?Blue chip stocks are shares of large, trusted companies that have operated successfully for many years. They are comparable to well-known global brands—not the cheapest option, but dependable, durable, and widely respected. These companies usually:✓ Have long business histories✓ Earn consistent profits✓ Lead their industries Examples include Microsoft, Coca-Cola, McDonald’s, Boeing, IBM, and American Express. WHY INVESTORS CHOOSE BLUE CHIP STOCKSInvestors favor blue chip stocks because they offer stability rather than speculation. Key benefits include:✓ Steady earnings instead [&hellip;]
- [Nigeria SEC Raises Capital Requirement for Crypto Exchanges to ₦2 Billion](https://diutocoinnews.com/2026/01/nigeria-sec-raises-capital-requirement-for-crypto-exchanges-to-%e2%82%a62-billion/): Nigeria’s SEC has introduced stricter capital rules for crypto firms to boost investor protection and market stability. Nigeria’s Securities and Exchange Commission (SEC) has announced a new minimum capital requirement of ₦2 billion for cryptocurrency exchanges, replacing the 2015 capital regime. The directive was issued in a circular dated January 16, 2026, with a compliance deadline of June 30, 2027. Under the new framework, Digital Assets Exchanges and Custodians must raise capital from ₦500 million to ₦2 billion. Digital Assets Offering Platforms now require ₦1 billion, while several new categories have been introduced. These include Ancillary Virtual Assets Service Providers with [&hellip;]
- [SiBAN Appoints Mela Claude-Ake as New President After Landmark Leadership Transition](https://diutocoinnews.com/2026/01/siban-appoints-mela-claude-ake-as-new-president-after-landmark-leadership-transition/): SiBAN has appointed a new president following a leadership transition that strengthened blockchain policy engagement and institutional credibility nationwide. Stakeholders of the Blockchain Technology Association of Nigeria (SiBAN) have appointed Mela Claude-Ake as the new President, succeeding Obinna Iwuno, who stepped down after completing his tenure. Iwuno’s exit follows what observers describe as the most impactful period in SiBAN’s history. Under his leadership, the association transformed from a loosely coordinated group into a structured, policy-facing institution with national and global relevance. He repositioned SiBAN as the main bridge between blockchain operators and government regulators during a time of regulatory uncertainty. His [&hellip;]
- [Solidity Revert Explained: How Smart Contracts Undo Failed Transactions](https://diutocoinnews.com/2026/01/solidity-revert-explained-how-smart-contracts-undo-failed-transactions/): Revert is a Solidity operation code (opcode) that completely cancels failed transactions, restoring blockchain state to prevent errors, losses, and inconsistencies. Imagine a World Without an Undo MechanismConsider a traditional banking transaction where funds are sent to the wrong account due to a simple mistake.If no reversal mechanism existed, the funds would be permanently lost, even if all parties agreed it was an error. Modern financial systems avoid this by enforcing a simple rule:if a transaction fails, all changes are cancelled as if the transaction never occurred. This same principle exists in blockchain systems through the concept of revert. When a [&hellip;]
- [Zanzibar Approves Crypto “Cyber City” to Attract Digital Nomads](https://diutocoinnews.com/2026/01/zanzibar-approves-crypto-cyber-city-to-attract-digital-nomads/): Zanzibar has approved a blockchain-focused cyber city aimed at digital nomads, tax innovation, and testing crypto-based governance systems. Zanzibar has approved plans for a cryptocurrency-focused “cyber city” on its western coast, designed to attract digital nomads and blockchain businesses. The private-sector project will be built on a 71-hectare site near the Fumba Peninsula under special Digital Free Zone rules passed in 2024. The city will combine housing with a digital residency system, allowing remote workers to register companies and manage taxes without living full-time in Zanzibar. While payments, taxation, and business registration will follow alternative systems, civil and criminal law will [&hellip;]
- [South Africa Approves 300 Crypto Firms as Regulatory Oversight Tightens](https://diutocoinnews.com/2026/01/south-africa-approves-300-crypto-firms-as-regulatory-oversight-tightens/): South Africa has licensed hundreds of crypto firms while intensifying inspections, enforcement, and anti-money laundering oversight nationwide. South Africa’s Financial Sector Conduct Authority (FSCA) has approved 300 crypto asset service providers (CASPs) out of 512 applications since crypto licensing began in June 2023. The approvals highlight rapid industry growth alongside stricter regulation. As of December 2025, 14 applications were declined and 121 withdrawn after regulatory engagement, mainly due to weak operational capacity or failure to meet “fit and proper” requirements under the FAIS Act. Remaining applications are still under review. The FSCA has also launched 81 investigations into unlicensed crypto operators, [&hellip;]
- [Angola Extends JPMorgan Debt Deal, Secures Extra $500 Million Financing](https://diutocoinnews.com/2026/01/angola-extends-jpmorgan-debt-deal-secures-extra-500-million-financing/): Angola has extended a major JPMorgan debt deal, easing financing pressure while avoiding costly Eurobond borrowing amid volatile markets. Angola has extended a $1 billion debt facility with JPMorgan for three years and secured an additional $500 million in financing, the finance ministry said. The new agreement carries an interest rate below 8%, compared to just under 9% on the original one-year deal signed in 2024. The arrangement is structured as a Total Return Swap and is backed by $1.9 billion in Angolan government bonds used as collateral. Earlier this year, Angola faced a $200 million margin call after bond prices [&hellip;]
- [Zambia to Seek New IMF Financing Programme After Current Deal Ends](https://diutocoinnews.com/2026/01/zambia-to-seek-new-imf-financing-programme-after-current-deal-ends/): Zambia plans a new IMF financing programme to maintain reforms, debt stability, and investor confidence ahead of elections. Zambia will pursue a new financing programme with the International Monetary Fund after choosing not to extend its current Extended Credit Facility (ECF), which expires in January 2026, Finance Minister Situmbeko Musokotwane announced. The government had earlier planned to request a one-year extension worth about $145 million but withdrew the request, opting instead to negotiate a fresh programme once the current deal ends. The Finance Ministry said the decision reflects successful completion of all reviews and performance targets under the existing facility, not [&hellip;]
- [U.S. Treasury Tightens Rules on Overseas Money Transfers Above $3,000](https://diutocoinnews.com/2026/01/u-s-treasury-tightens-rules-on-overseas-money-transfers-above-3000/): New U.S. Treasury rules target overseas transfers above $3,000, aiming to curb welfare fraud without blocking legitimate remittances globally. The U.S. Treasury Department says overseas money transfers exceeding $3,000 will now face increased scrutiny, including proof of where the funds came from. Treasury Secretary Scott Bessent said the policy will not affect people who can show their money is legitimate. “Anyone who can prove where the money has come from, is fine,” Bessent told Reuters. The Financial Crimes Enforcement Network (FinCEN) is investigating money services businesses over alleged misuse of federal welfare funds in Minnesota. The Internal Revenue Service will also [&hellip;]
- [Tether and UNODC Partner to Fight Cybercrime and Boost Digital Asset Security in Africa](https://diutocoinnews.com/2026/01/tether-and-unodc-partner-to-fight-cybercrime-and-boost-digital-asset-security-in-africa/): Tether and the UNODC are strengthening Africa’s digital economy through cybersecurity education, blockchain innovation, and anti-crime initiatives. Tether, the issuer of USDT, has partnered with the United Nations Office on Drugs and Crime (UNODC) to combat cybercrime and strengthen digital asset security across Africa. The collaboration supports the UNODC’s Strategic Vision for Africa 2030, focusing on financial inclusion while addressing transnational crime, fraud, and human trafficking. Key initiatives include a multi-phase cybersecurity training program for young people in Senegal, featuring bootcamps, mentorship, and micro-grants to support local innovation. The partnership is also funding civil society organizations in Nigeria, Ethiopia, Uganda, Malawi, [&hellip;]
- [Investment Accounts Explained: Types, Benefits, and How to Grow Your Money](https://diutocoinnews.com/2026/01/investment-accounts-explained-types-benefits-and-how-to-grow-your-money/): Investment accounts allow individuals to grow capital for long-term objectives, offering potential returns, tax advantages, and financial security beyond savings. WHAT ARE INVESTMENT ACCOUNTS?An investment account is a financial account designed to hold assets such as stocks, bonds, ETFs, or mutual funds. Unlike a standard savings account, funds in an investment account are intended to generate returns over time, facilitating long-term wealth accumulation. Investment accounts enable investors to purchase, manage, and monitor assets efficiently while pursuing financial objectives. BENEFITS OF INVESTMENT ACCOUNTS1. Wealth AccumulationInvestment accounts allow capital to grow through dividends, interest, and capital gains, providing an opportunity for wealth creation [&hellip;]
- [Ethiopia Launches EthioPay, Their National Instant Payment System](https://diutocoinnews.com/2026/01/ethiopia-launches-ethiopay-their-national-instant-payment-system/): Ethiopia has launched EthioPay, a national instant payment system designed to boost digital finance and intra-African trade. Ethiopia has officially launched EthioPay, its national Instant Payment System (IPS), alongside the National Digital Payment Strategy (NDPS) 2026–2030, marking a major step in the country’s digital finance transformation. Unveiled in December 2025 at the Second Ethiopia Digital Payment Conference in Addis Ababa, the five-year strategy focuses on interoperability, trust, and innovation. It aims to expand digital payment adoption, modernise financial infrastructure, and reduce barriers for underserved populations. EthioPay is designed to support person-to-person transfers, QR payments, bulk payments, and cross-border transactions, providing a [&hellip;]
- [ABI Explained: How Smart Contracts Communicate With Apps, Wallets, and Users](https://diutocoinnews.com/2026/01/abi-explained-how-smart-contracts-communicate-with-apps-wallets-and-users/): ABI is the translation rule that lets apps, wallets, and users communicate accurately with smart contracts on blockchains. The Communication Problem in BlockchainsImagine two parties attempting to interact without sharing a common language.One understands intentions; the other understands only structured signals. Without a strict translation rule, instructions become meaningless noise.Effective interaction requires an agreed system that maps intent to precise, understandable commands. This exact problem exists between users, applications, and smart contracts. WHAT IS AN ABI?ABI stands for Application Binary Interface. Despite its technical name, the concept is straightforward:an ABI defines how external programs communicate with a deployed smart contract. Smart [&hellip;]
- [Kenya’s Current Account Deficit Widened Sharply in Q3 2025](https://diutocoinnews.com/2026/01/kenyas-current-account-deficit-widened-sharply-in-q3-2025/): Kenya’s external balance deteriorated in Q3 2025 as imports surged, services weakened, and pressure mounted on foreign reserves. Kenya’s current account deficit widened sharply to 3.17% of GDP in Q3 2025, up from 1.12% in Q3 2024, reaching KSh 135.3 billion against GDP of KSh 4.26 trillion. The increase ended a consolidation phase seen between 2023 and 2024, when the ratio largely stayed below 2%. The deterioration was driven by imports rising faster than exports and a weakening services buffer. While exports grew by KSh 48.0 billion, imports expanded by KSh 82.7 billion, pushing the merchandise trade deficit to KSh 355.8 [&hellip;]
- [Ethiopian Birr Among World’s Weakest Currencies in 2025](https://diutocoinnews.com/2026/01/ethiopian-birr-among-worlds-weakest-currencies-in-2025/): Several African currencies weakened sharply in 2025, exposing structural economic vulnerabilities and intensifying inflationary pressures across the continent. In 2025, Africa saw sharp currency depreciations, with the South Sudanese Pound and Ethiopian Birr ranking among the world’s worst performers, according to the World Bank. Both currencies lost over 10% of their value, reflecting deep structural weaknesses rather than short-term market shocks. South Sudan’s crisis was driven by heavy reliance on oil exports, which account for more than 90% of foreign exchange earnings. Disruptions to oil pipelines through Sudan cut dollar inflows, triggering a currency collapse and pushing inflation to 107.9% by [&hellip;]
- [Nigeria Equities Market Hits ₦100 Trillion on Regulatory Reforms](https://diutocoinnews.com/2026/01/nigeria-equities-market-hits-%e2%82%a6100-trillion-on-regulatory-reforms/): Nigeria’s stock market has reached a historic ₦100 trillion valuation, highlighting renewed investor confidence and regulatory-driven market growth. Nigeria’s equities market has crossed the ₦100 trillion market capitalisation mark, extending strong early-year gains supported by broad investor participation across major sectors. Market analysts link the milestone to recent regulatory reforms, particularly the Investments and Securities Act (ISA) 2025, which strengthened oversight, enforcement, and investor protection by the Securities and Exchange Commission (SEC). SEC Director-General Dr. Emomotimi Agama said the achievement reflects sustained reforms aimed at building a transparent, fair, and resilient capital market. According to him, clearer rules and stronger supervision [&hellip;]
- [Nigeria Money Supply and CBN Monetary Policy 2025](https://diutocoinnews.com/2026/01/nigeria-money-supply-and-cbn-monetary-policy-2025/): Nigeria’s money supply expanded sharply in late 2025, raising fresh questions about liquidity management under tight monetary policy conditions. Nigeria’s broad money supply (M3) rose to ₦122.95 trillion in November 2025, up from ₦119.04 trillion in October, according to new data from the Central Bank of Nigeria (CBN). The increase signals continued liquidity expansion in the banking system despite the CBN’s relatively tight monetary stance. The month-on-month rise of ₦3.91 trillion was driven by growth in both net domestic assets (NDA) and net foreign assets (NFA). NDA climbed to ₦85.57 trillion, reflecting higher credit to government and the private sector, while [&hellip;]
- [Malawi Stock Exchange Performance 2025<br>](https://diutocoinnews.com/2026/01/malawi-stock-exchange-performance-2025/): Malawi’s stock market stunned Africa in 2025, delivering record-breaking gains fueled by inflation, banks, and thin market liquidity. The Malawi Stock Exchange (MSE) emerged as Africa’s top-performing equity market in 2025, posting a remarkable 247.63% annual gain, more than triple the returns of markets such as Ghana, Zambia, Nigeria, and Kenya. The surge was largely driven by price revaluations in a narrow group of heavyweight stocks, rather than broad-based investor participation. Financial institutions and holding companies dominated the rally. National Investment Trust climbed nearly 800% year-on-year, despite very low trading volumes, showing how thin liquidity amplified price movements. Key banking stocks, [&hellip;]
- [BRICS Gold-Backed Currency Risks and Global Market Impact Explained](https://diutocoinnews.com/2026/01/brics-gold-backed-currency-risks-and-global-market-impact-explained/): BRICS nations are exploring a gold-backed currency, but experts warn deep structural and geopolitical risks could derail its launch. The BRICS bloc—Brazil, Russia, India, China, and South Africa—is moving closer to a proposed gold-backed currency, aimed at reducing reliance on the U.S. dollar. While the idea promises stability amid fiat currency volatility, experts warn the risks may outweigh the benefits, especially ahead of a potential 2026 launch. Key concerns include uneven gold reserves, with China and Russia holding far more than other members, as well as political tensions and economic imbalances across the bloc. Coordinating monetary policy among five vastly different [&hellip;]
- [Stablecoins Record 50% Market Cap Growth in 2025 as Regulation and Adoption Accelerate](https://diutocoinnews.com/2026/01/stablecoins-record-50-market-cap-growth-in-2025-as-regulation-and-adoption-accelerate/): Stablecoins recorded their strongest year ever in 2025, fueled by regulation, institutional adoption, and growing real-world payment usage. Stablecoins had their biggest year on record in 2025, with total market capitalization rising 49%, from $205 billion in January to $306 billion by November, according to DeFi Llama. The surge reflects a shift in stablecoins from primarily trading tools to core financial infrastructure. Growth was driven by three key factors: the passage of the U.S. GENIUS Act, regulatory clarity in Europe through MiCA, and accelerating institutional adoption. Former CFTC Chair Timothy Massad described the GENIUS Act as a critical step in reducing [&hellip;]
- [CARF Crypto Tax Reporting Rules Take Effect in 2026 Across 48 Jurisdictions<br>](https://diutocoinnews.com/2026/01/carf-crypto-tax-reporting-rules-take-effect-in-2026-across-48-jurisdictions/): From January 2026, CARF rules will require crypto exchanges and users to report transactions for cross-border tax compliance. The OECD’s Crypto-Asset Reporting Framework (CARF) comes into effect on January 1, 2026, impacting crypto users and exchanges in 48 jurisdictions, including the UK, EU, Uganda, and South Africa. CARF requires crypto-asset service providers to collect detailed customer information, verify tax residency, and report balances and transactions annually to domestic tax authorities. These authorities then share data across borders under existing exchange agreements. CARF introduces structural changes for exchanges, requiring updates to KYC and AML processes, tax-residency verification, onboarding flows, and reporting systems. [&hellip;]
- [Nigeria Turns Net Lender in Q3 2025 After Sharp External Balance Reversal](https://diutocoinnews.com/2025/12/nigeria-turns-net-lender-in-q3-2025-after-sharp-external-balance-reversal/): Nigeria recorded a rare external turnaround in Q3 2025, shifting from heavy borrowing to a net lending position. Nigeria moved into a net lending position of $320 million in Q3 2025, reversing a $6.90 billion net borrowing recorded in Q2, according to the Central Bank of Nigeria’s Balance of Payments data. A net lending position means the country invested more funds abroad, including building reserves, than it received from foreign borrowing and investments. The improvement was driven by stronger foreign direct investment, with FDI liabilities rising to $0.72 billion from $0.09 billion in the previous quarter. At the same time, portfolio [&hellip;]
- [DeFi Lending Aggregators: The Silent Strategists of Yield Optimization](https://diutocoinnews.com/2025/12/defi-lending-aggregators-the-silent-strategists-of-yield-optimization/): In a volatile DeFi landscape, lending aggregators emerge as strategic navigators, guiding liquidity through ever-shifting markets with precision, efficiency, and discipline. Interest rates within DeFi lending protocols, such as Aave, Compound, MakerDAO, or Morpho, do not remain stable. They fluctuate rapidly based on supply, demand, and broader market behavior. A pool that offers high yields today may become unprofitable within hours. Monitoring these changes manually is not only exhausting but strategically inefficient. A lending aggregator eliminates such burdens by:1. Identifying pools where yield has stagnated2. Preventing users from wasting funds on unnecessary gas fees while relocating capital3. Automatically reallocating deposits when [&hellip;]
- [Understanding a Financial Portfolio: Structure, Strategy, and Purpose](https://diutocoinnews.com/2025/12/understanding-a-financial-portfolio-structure-strategy-and-purpose/): A financial portfolio represents the complete collection of an individual’s investments, structured to manage risk, achieve goals, and support long-term wealth growth. A financial portfolio is essentially the container of your wealth, a structured collection of assets designed to work together toward a financial objective. The simplest analogy is a basket: each asset is an item placed inside, and the strength of the basket depends on how well the items complement one another. What Is a Financial Portfolio?A financial portfolio represents the total set of investments an individual or institution holds. These may include:1. Stocks (ownership in companies)2. Bonds (fixed income [&hellip;]
- [NGX Chairman Sets 2026 Agenda as Nigeria’s Capital Market Nears ₦150 Trillion](https://diutocoinnews.com/2025/12/ngx-chairman-sets-2026-agenda-as-nigerias-capital-market-nears-%e2%82%a6150-trillion/): Nigeria’s capital market is heading into 2026 on strong footing as the NGX targets deeper liquidity and global competitiveness. The Chairman of Nigerian Exchange (NGX) Group Plc, Dr. Umaru Kwairanga, has outlined an ambitious agenda for 2026, focused on stronger competitiveness, deeper liquidity, and closer global alignment. In his 2025 Capital Market Review, he noted that total market capitalisation reached ₦149.88 trillion as of December 24, 2025, spanning equities, bonds, and exchange-traded products. Kwairanga said sustaining the market’s gains will require policy harmonisation, transparent governance, technology-driven access, and long-term investing discipline. His 2026 agenda targets three groups: investors and issuers, regulators, [&hellip;]
- [Morocco Strengthens Crypto Regulation Ahead of New Digital Asset Laws](https://diutocoinnews.com/2025/12/morocco-strengthens-crypto-regulation-ahead-of-new-digital-asset-laws/): Morocco is preparing for crypto legalisation by training regulators to supervise digital assets with confidence and technical expertise. Morocco is taking a major step toward regulated cryptocurrency adoption by strengthening the capacity of its financial regulators ahead of new crypto laws. From December 8 to 11, 2025, the Moroccan Capital Market Authority (AMMC) hosted its first blockchain and crypto supervision training in Rabat, in partnership with blockchain intelligence firm Chainalysis. The four-day programme brought together officials from the Ministry of Finance, Bank Al-Maghrib, the Ministry of Interior, and the National Financial Intelligence Authority. AMMC President Tarik Senhaji said the initiative is [&hellip;]
- [Forced Liquidation: Understanding How Exchanges Protect Themselves and Why Traders Get Wiped Out](https://diutocoinnews.com/2025/12/forced-liquidation-understanding-how-exchanges-protect-themselves-and-why-traders-get-wiped-out/): Forced liquidation is the automatic closure of a leveraged position when losses approach or exceed the trader’s available collateral levels. Forced liquidation is one of the most critical, and painful, mechanisms in leveraged trading. It exists to prevent traders’ losses from exceeding their collateral and to protect exchanges from assuming unnecessary financial risk. When market movements turn sharply against a leveraged position, the exchange intervenes and closes the trade automatically. This process safeguards market integrity but often results in substantial losses for the trader. WHAT FORCED LIQUIDATION ACTUALLY MEANSIn leveraged trading, investors borrow funds to take larger positions than their account [&hellip;]
- [Coinbase Data Breach Fallout Deepens as Arrests Made in India and US](https://diutocoinnews.com/2025/12/coinbase-data-breach-fallout-deepens-as-arrests-made-in-india-and-us/): The global impact of Coinbase’s data breach is widening as arrests emerge across continents over stolen customer information. Crypto exchange Coinbase has confirmed the arrest in India of a former customer support employee linked to a major data breach that occurred in May 2025. Hackers accessed customer data through outsourced support staff and later attempted to extort $20 million from the company. Coinbase estimates the cost of remediation at $400 million, making it one of the most expensive security incidents in crypto history. Coinbase CEO Brian Armstrong said at least two support staff outsourced to an Indian firm have been arrested [&hellip;]
- [Brokerage Firms: How They Work, Why They Matter, and the Structures Behind Modern Investment Access](https://diutocoinnews.com/2025/12/brokerage-firms-how-they-work-why-they-matter-and-the-structures-behind-modern-investment-access/): A brokerage firm serves as the transactional bridge between investors and financial markets, facilitating asset purchases, sales, and portfolio management services. A brokerage firm is the operational link between individual investors and the vast world of financial markets. You cannot simply walk into a stock exchange and purchase a security directly; the system requires a licensed intermediary capable of executing trades, handling regulatory compliance, and ensuring that transactions clear correctly. That intermediary is the brokerage firm. These firms enable the buying and selling of financial instruments such as stocks, bonds, ETFs, options, and mutual funds. In return, they earn through commissions, [&hellip;]
- [Nigerian Tax Acts to Take Effect January 2026 Despite Lawmakers’ Concerns](https://diutocoinnews.com/2025/12/nigerian-tax-acts-to-take-effect-january-2026-despite-lawmakers-concerns/): Nigeria’s new tax laws will begin in 2026 as the government insists reforms will ease burdens and boost growth. The Nigerian Tax Act and Nigerian Tax Administration Act will take effect on January 1, 2026, despite concerns by the House of Representatives over alleged alterations to the gazetted laws. This was confirmed by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, after a meeting with President Bola Tinubu. Oyedele said four tax reform laws were enacted, with two already in force since June 26, 2025, while the remaining two will commence as scheduled. He welcomed the [&hellip;]
- [Web3 Margin Trading Explained: How to Use Leverage Safely in Crypto](https://diutocoinnews.com/2025/12/web3-margin-trading-explained-how-to-use-leverage-safely-in-crypto/): Margin trading in Web3 lets traders amplify positions using borrowed capital, unlocking larger gains, but exposing them to severe, immediate risks. INTROMargin trading in the Web3 ecosystem is the practice of borrowing digital assets to control a position larger than one’s actual capital. It is a high-risk, high-reward mechanism that magnifies both profits and losses. Traders deposit collateral, borrow additional funds through decentralized protocols, and execute leveraged positions that react aggressively to market movements. When used with discipline, margin allows efficient capital deployment. When mismanaged, it results in rapid liquidation. THE A. Core Concepts of Margin TradingMargin (Collateral)The trader’s actual capital [&hellip;]
- [Nigerian Banks Deposit N3.7 Trillion in CBN Standing Deposit Facility](https://diutocoinnews.com/2025/12/nigerian-banks-deposit-n3-7-trillion-in-cbn-standing-deposit-facility/): Nigerian banks parked massive idle funds at the CBN, highlighting excess liquidity and cautious lending ahead of Christmas. Nigerian commercial banks deposited N3.7 trillion into the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) on December 24, 2025, marking one of the biggest liquidity surges in recent months. CBN data show deposits jumped by N1.2 trillion in 24 hours, rising from N2.47 trillion on December 23 to N3.67 trillion. The surge came despite the CBN’s earlier N1.7 trillion Open Market Operation (OMO) aimed at mopping up excess cash. Banks’ opening balances at the CBN also rose, signaling strong liquidity ahead [&hellip;]
- [Stock Exchange Explained: How Stock Markets Work and Why They Matter](https://diutocoinnews.com/2025/12/stock-exchange-explained-how-stock-markets-work-and-why-they-matter/): A stock exchange is an organized financial marketplace enabling companies to raise capital and investors to trade securities efficiently. IntroductionA stock exchange is a regulated marketplace where shares of publicly listed companies are bought and sold. Companies participate to raise long-term capital for expansion and operations, while investors participate to build wealth through ownership stakes. The exchange itself acts as a neutral intermediary, ensuring transparency, liquidity, and orderly trading. Although the concept dates back to seventeenth-century Amsterdam, modern stock exchanges are almost entirely electronic, executing millions of transactions per second through sophisticated trading systems. WHY STOCK EXCHANGES ARE ECONOMICALLY IMPORTANTStock exchanges [&hellip;]
- [Ethereum Gas Fees Explained: How Transaction Costs Work on the Ethereum Network](https://diutocoinnews.com/2025/12/ethereum-gas-fees-explained-how-transaction-costs-work-on-the-ethereum-network/): Ethereum gas fees are transaction costs paid to validators for processing, securing, and prioritizing activity on the Ethereum blockchain. Ethereum gas fees are the charges users pay to execute any action on the Ethereum network. Whether sending ETH, swapping tokens, interacting with DeFi protocols, or minting NFTs, every operation consumes computational resources, and gas is the mechanism that prices this usage. Gas fees are denominated in gwei, a small unit of ether (ETH), and are paid to validators who process and secure transactions. Without gas fees, Ethereum would be unable to function reliably, securely, or at scale. WHY GAS FEES EXISTEthereum [&hellip;]
- [Global Crypto Theft Surges to $3.4 Billion in 2025, Chainalysis Reports](https://diutocoinnews.com/2025/12/global-crypto-theft-surges-to-3-4-billion-in-2025-chainalysis-reports/): Global cryptocurrency theft surged in 2025 as fewer but larger attacks caused record losses across major platforms worldwide. The global cryptocurrency market suffered another difficult year in 2025, with stolen digital assets rising to over $3.4 billion, according to a new report by Chainalysis. This represents a 54% increase from the $2.2 billion lost to hacks in 2024. The report highlights a shift in crypto crime, marked by fewer but far more damaging attacks. A single incident, the February 2025 hack of crypto exchange Bybit, accounted for about $1.5 billion, making it the largest crypto theft in history. Overall, the top [&hellip;]
- [Gold Hits Record High Above $4,500 as Safe-Haven Demand Surges](https://diutocoinnews.com/2025/12/gold-hits-record-high-above-4500-as-safe-haven-demand-surges/): Gold prices have surged to historic highs as geopolitical tensions and interest rate cut expectations fuel safe-haven demand. Gold climbed above $4,500 an ounce for the first time in history, driven by rising geopolitical tensions in Venezuela and growing expectations of U.S. interest rate cuts. Investors moved into safe-haven assets following U.S. sanctions on Venezuelan oil tankers and signs the Federal Reserve may ease policy in 2026. Gold has gained nearly 70% in 2025, marking its strongest annual performance since 1979. Silver has surged almost 150%, while platinum has also hit record levels, highlighting a broad rally across precious metals. Central-bank [&hellip;]
- [Stock Broker vs Stock Exchange: Understanding the Difference](https://diutocoinnews.com/2025/12/stock-broker-vs-stock-exchange-understanding-the-difference/): Stock brokers connect investors to markets, while stock exchanges operate the marketplaces where securities are listed, priced, traded, and regulated. A stock broker and a stock exchange play fundamentally different roles in financial markets. While they are closely connected, they are not interchangeable. One acts on your behalf; the other operates the market itself. CORE DISTINCTIONA stock broker is an individual or firm that executes trades for investors.A stock exchange is the organized marketplace where those trades occur. In simple terms: the broker represents you, while the exchange runs the system. ROLE AND FUNCTIONStock BrokerA stock broker acts as an intermediary [&hellip;]
- [Ghana Legalizes Cryptocurrency to Regulate Digital Asset Market](https://diutocoinnews.com/2025/12/ghana-legalizes-cryptocurrency-to-regulate-digital-asset-market/): Ghana has taken a major step toward regulating digital assets by approving a law to legalize cryptocurrency trading. Ghana’s parliament has approved the legalization of cryptocurrency, marking a major move to regulate the country’s fast-growing digital asset market. The decision follows concerns from the Bank of Ghana (BoG) over the widespread and unregulated use of virtual currencies. According to the BoG, nearly 3 million Ghanaians, about 17% of the adult population, are involved in crypto transactions. BoG Governor Johnson Asiama said the new Virtual Asset Service Providers Bill will allow authorities to license and supervise crypto platforms, bringing the sector under [&hellip;]
- [SEC Mandates Registration Renewal for Capital Market Operators in 2026](https://diutocoinnews.com/2025/12/sec-mandates-registration-renewal-for-capital-market-operators-in-2026/): Nigeria’s capital market regulator has announced a mandatory registration renewal and new digital processes for all market operators. Nigeria’s Securities and Exchange Commission (SEC) has directed all Capital Market Operators (CMOs) to renew their registration between January 1 and 31, 2026. According to a statement released on December 21, 2025, failure to renew will bar operators from participating in the capital market. The SEC also announced that from the first quarter of 2026, registration applications and updates will be processed electronically, ending delays linked to manual submissions. SEC Director General, Dr. Emomotimi Agama, said the reforms aim to make regulation faster, [&hellip;]
- [Nigeria FX Reserves Decline After 25 Weeks Growth](https://diutocoinnews.com/2025/12/nigeria-fx-reserves-decline-after-25-weeks-growth/): Nigeria’s foreign exchange reserves have declined for the first time in 25 weeks, raising fresh concerns about currency stability. Nigeria’s foreign exchange (FX) reserves fell by $263.15 million to $45.21 billion as of December 17, 2025, according to the Central Bank of Nigeria (CBN). This marked the first decline in 25 weeks, ending a steady accumulation that peaked at $45.47 billion on December 12, the highest level in six years. The drop followed three days of FX outflows and signals renewed pressure on Nigeria’s external position. Earlier gains were supported by a $2.4 billion Eurobond issuance in November, which helped push [&hellip;]
- [Central Bank of Libya Shuts Down Black Market Currency Trading](https://diutocoinnews.com/2025/12/central-bank-of-libya-shuts-down-black-market-currency-trading/): Libya’s central bank is shutting down illegal foreign exchange markets to rescue the national currency and economy. The Central Bank of Libya (CBL) has launched a major crackdown on unlicensed money exchanges and informal trade. Governor Naji Issa ordered security forces to close these &#8220;grey market&#8221; operations. Officials blame these black markets for:1. Money laundering and terrorism financing.2. Severe devaluation of the Libyan Dinar.3. Widespread illicit cash flows out of the country. The Dinar has plunged to record lows, trading near 8.40 per U.S. dollar illegally. This worsens inflation, hurting citizens with high prices. To fix this, the CBL will force [&hellip;]
- [Ethiopia Shuts Down Sports Betting Firms Amid Major Crackdown on Illegal Forex and Crypto Activities](https://diutocoinnews.com/2025/12/ethiopia-shuts-down-sports-betting-firms-amid-major-crackdown-on-illegal-forex-and-crypto-activities/): Ethiopia has taken decisive action against sports betting firms and illegal financial networks threatening economic stability nationwide. Ethiopia has officially revoked the operating licenses of all sports betting companies, ordering an immediate shutdown of both physical betting centers and online platforms. The directive, issued by the Ethiopian Lottery Service, took effect on December 15, 2025, following federal government orders over widespread illegal activities. Under the new rules, betting operators must stop accepting new wagers, assist with settling ongoing bets, and halt all deposit services connected to betting organizations. Authorities said the decision was taken to protect public interest, citing repeated license [&hellip;]
- [Nigeria Spends Nearly 72% of Revenue on Debt Servicing in First Seven Months of 2025](https://diutocoinnews.com/2025/12/nigeria-spends-nearly-72-of-revenue-on-debt-servicing-in-first-seven-months-of-2025/): Nigeria’s rising debt burden is swallowing government revenue, leaving little room for wages, investment, or economic recovery. Nigeria’s Federal Government spent almost three-quarters of its total revenue on debt servicing between January and July 2025, underscoring severe fiscal strain. According to the 2026–2028 Medium-Term Expenditure Framework, total revenue for the period stood at N13.67 trillion, while debt service alone consumed N9.81 trillion, or 71.8%. When personnel costs of N4.51 trillion are added, combined spending on debt servicing and salaries reached N14.32 trillion—exceeding total revenue by about 5%. The shortfall was driven mainly by weak oil earnings, which fell 62% below target, [&hellip;]
- [Central African Republic’s Crypto Experiment Raises Alarms Over Governance, Risk, and Elite Capture](https://diutocoinnews.com/2025/12/central-african-republics-crypto-experiment-raises-alarms-over-governance-risk-and-elite-capture/): A sweeping crypto experiment in Central Africa promised development but instead exposed deep governance gaps, elite capture, and rising financial risks. Over the past three years, the Central African Republic (CAR) has rolled out a series of high-profile cryptocurrency initiatives amid political instability, violence, and widespread poverty. Since 2022, the government legalized bitcoin, launched Sango Coin, and later introduced the $CAR meme token—despite limited internet access and low digital inclusion, making broad citizen participation unrealistic. Bitcoin’s legal-tender status drew strong criticism from international institutions and was later reversed. However, new laws enabled blockchain-based tokenization of land and natural resources with weak [&hellip;]
- [CBN Approves 82 BDC Licences as More Operators Await Final Clearance](https://diutocoinnews.com/2025/12/cbn-approves-82-bdc-licences-as-more-operators-await-final-clearance/): Nigeria’s forex retail market is tightening fast as tougher capital rules slash operators, with more BDC licences still expected. Retail forex traders are expecting additional Bureau De Change (BDC) operating licences after the Central Bank of Nigeria (CBN) approved 82 operators under its new regulatory framework. The approval, announced on December 8, 2025, marks a major step in the CBN’s effort to clean up Nigeria’s retail foreign exchange market. Under the revised rules introduced in May 2024, Tier-1 BDCs must raise N2 billion to operate nationally, while Tier-2 operators require N500 million and are limited to one state. This replaces the [&hellip;]
- [BRICS Currency Plan: Why It Could Reshape Global Finance and Boost Crypto Adoption](https://diutocoinnews.com/2025/12/brics-currency-plan-why-it-could-reshape-global-finance-and-boost-crypto-adoption/): A proposed BRICS trade currency is reviving de-dollarisation debates and quietly reshaping how investors think about crypto and global finance. The BRICS nations—Brazil, Russia, India, China, and South Africa—are advancing plans for a shared trade currency aimed at reducing reliance on the US dollar. The initiative, announced in 2025, targets intra-BRICS trade and reflects growing frustration with dollar dominance in global finance. While full rollout is expected no earlier than 2026, markets are already reacting. Bitcoin, trading near $89,294, has remained resilient as investors increasingly view crypto as a hedge against fiat currency uncertainty. Analysts note that even partial success of [&hellip;]
- [SARS Tightens Third-Party Data Rules as AI Drives Tax Compliance Crackdown](https://diutocoinnews.com/2025/12/sars-tightens-third-party-data-rules-as-ai-drives-tax-compliance-crackdown/): SARS is tightening enforcement by using third-party data and AI to close South Africa’s massive tax gap. The South African Revenue Service (SARS) is ramping up enforcement of third-party data submission rules as part of its push toward a modern, data-driven tax system. This data helps SARS pre-populate tax returns, verify accuracy, and flag discrepancies that may signal underreporting or tax evasion. According to PwC senior manager Adelheid Reyneke, compliance with these obligations is increasingly critical, as SARS now relies heavily on advanced analytics and artificial intelligence to detect risks. In some cases, penalties of up to 200% have been imposed [&hellip;]
- [OCC Approves U.S. Banks to Intermediate Crypto Transactions Under New Rule](https://diutocoinnews.com/2025/12/occ-approves-u-s-banks-to-intermediate-crypto-transactions-under-new-rule/): A clear breakdown of the OCC’s new crypto ruling and what it means for banks and everyday users. The U.S. Office of the Comptroller of the Currency (OCC) has approved national banks to act as intermediaries in crypto transactions using a “riskless principal” model. This lets banks buy crypto from one customer and instantly sell it to another without holding the assets themselves. In effect, it opens the door for banks to offer regulated crypto-brokerage services, bringing digital assets deeper into traditional finance. The OCC now classifies this activity as part of the normal “business of banking,” provided banks meet strict [&hellip;]
- [FMDQ Market Loses N2.53 Trillion in Two Days as Bond Yields Surge](https://diutocoinnews.com/2025/12/fmdq-market-loses-n2-53-trillion-in-two-days-as-bond-yields-surge/): A sharp liquidity squeeze and aggressive bond repricing erased trillions from Nigeria’s fixed-income market, triggering one of December’s steepest downturns. FMDQ’s market capitalisation fell by N2.53 trillion in just two sessions, sliding from N89.52 trillion on December 8 to N86.99 trillion on December 9. The drop was driven by a broad collapse in bond prices, with yields jumping sharply across almost all benchmark FGN bonds. Analysts say the selloff was triggered by a failed primary market issuance that diverted heavy liquidity into the secondary market, alongside intense year-end cash pressures that pushed investors to offload securities. Mid- and long-dated bonds recorded [&hellip;]
- [How Ethiopia’s Digital 2030 Strategy Positions Blockchain as a Core National Technology](https://diutocoinnews.com/2025/12/how-ethiopias-digital-2030-strategy-positions-blockchain-as-a-core-national-technology/): This article breaks down Ethiopia’s Digital 2030 strategy and how it puts blockchain at the center of future national systems. Ethiopia’s Digital 2030 strategy places blockchain at the core of its Industry 5.0 agenda, treating it as essential infrastructure rather than an experimental tool. The plan highlights blockchain for secure data, transaction authentication, and national digital systems. Mining receives the strongest focus. Ethiopia aims to use blockchain for mineral traceability, compliance, and investor confidence, using Rwanda’s tin-tracking model as a blueprint. Agriculture also features heavily, with blockchain-backed coffee traceability designed to boost export premiums and guarantee verified origins. The strategy includes [&hellip;]
- [Nigerian All-Share Index Slips 0.05% as JapaulGold Leads Gainers](https://diutocoinnews.com/2025/12/nigerian-all-share-index-slips-0-05-as-japaulgold-leads-gainers/): A clear, quick breakdown of how the Nigerian stock market moved on December 10, stripped of all complexity. The Nigerian All-Share Index ended December 10 slightly lower, dropping 78.3 points to 146,862.0, a 0.05% decline from the previous 146,940.3 close. Trading activity also cooled, with volume falling to 747 million shares from 1.9 billion the day before. Market capitalization eased to N93.62 trillion across 19,161 deals. JapaulGold and Prestige Assurance topped the gainers list, rising 10.00% and 9.40%. Chams and Haldane McCall were the biggest losers, falling 10.00% and 8.88%. Cutix led the market in activity with 122.9 million shares traded, [&hellip;]
- [Nigeria Advances Toward Same-Day (T+0) Settlement as SEC Confirms Technology Readiness](https://diutocoinnews.com/2025/12/nigeria-advances-toward-same-day-t0-settlement-as-sec-confirms-technology-readiness/): Nigeria’s capital market is preparing for same-day settlement as regulators confirm the technology is ready but urge cautious implementation. Nigeria now has the technology required for same-day (T+0) settlement across the Nigerian Exchange, NASD, and Lagos Commodities and Futures Exchange, according to the SEC and market operators. SEC Director-General Dr. Emomotimi Agama said the shift will boost liquidity, cut counterparty risk, and speed up reinvestment, but warned that rapid changes must not endanger investors. The Central Securities Clearing System (CSCS) already has full T+0 capability, but regulators opted for a phased transition: T+3 to T+2 in November 2025, then T+1, and [&hellip;]
- [Nigeria Launches Full Treasury Digitisation to End Cash Payments and Enforce Transparency by 2026<br>](https://diutocoinnews.com/2025/12/nigeria-launches-full-treasury-digitisation-to-end-cash-payments-and-enforce-transparency-by-2026/): A major new government directive will fully digitise Nigeria’s treasury operations, ending all cash transactions and enforcing strict transparency nationwide. The Federal Government has unveiled a major digitisation programme that will overhaul treasury operations and eliminate paper-based processes starting January 2026. According to the Office of the Accountant General of the Federation (OAGF), four new circulars will enforce cashless payments, mandatory e-receipts, and full use of the Revenue Optimisation (RevOp) Platform across all Ministries, Departments, and Agencies (MDAs). From November 2025, MDAs are banned from accepting physical cash for any federal revenue. Beginning January 1, 2026, the Federal Treasury e-Receipt (FTeR) [&hellip;]
- [DCI Kenya Confirms Surge in Crypto-Related Crime as Regional Investigators Complete Specialized Training](https://diutocoinnews.com/2025/12/dci-kenya-confirms-surge-in-crypto-related-crime-as-regional-investigators-complete-specialized-training/): Kenya’s top investigative agency has acknowledged a sharp rise in crypto-linked crime as officers complete advanced blockchain forensics training. Kenya’s Directorate of Criminal Investigations (DCI) has confirmed that cryptocurrency-related crimes are rising across the country. Director of the Investigations Bureau, Mr. Abdalla Komesha, made the disclosure during the closing ceremony of the Blockchain and Cryptocurrencies Crime Investigations Course at the National Criminal Investigations Academy (NCIA). He said the EU-supported training would give detectives the forensic skills needed to track cross-border illicit crypto transactions. The five-day course brought together investigators from more than ten African nations. NCIA Commandant, Mr. Sospeter Munyi, encouraged [&hellip;]
- [Kenya Raises KSh 47.11 Billion in December Bond Reopening as Investors Favor Long-Term FXD](https://diutocoinnews.com/2025/12/kenya-raises-ksh-47-11-billion-in-december-bond-reopening-as-investors-favor-long-term-fxd/): Kenya’s December bond auction shows strong investor appetite for long-term securities as the Central Bank raises more than expected. The Central Bank of Kenya raised KSh 47.11 billion in December after reopening the 30-year Savings Development Bond (SDB) and 25-year Fixed Coupon Bond (FXD). The auction attracted KSh 53.13 billion in bids against a KSh 40 billion target, resulting in KSh 21.91 billion in net new borrowing. Demand was heavily concentrated in the 25-year FXD1/2021/025, which received KSh 48.54 billion in bids and secured KSh 43.21 billion at an average yield of 13.6199 percent. Pension funds and insurers continued to drive [&hellip;]
- [IMF Warns Stablecoin Growth Could Threaten Monetary Stability as African Usage Rises to 1.5%](https://diutocoinnews.com/2025/12/imf-warns-stablecoin-growth-could-threaten-monetary-stability-as-african-usage-rises-to-1-5/): A new IMF report warns that fast-rising stablecoin adoption, especially in emerging markets, could undermine financial stability and monetary control. A new IMF report says stablecoin use is rising sharply worldwide, warning that weak regulation and fragmented oversight could fuel financial risks. According to the Understanding Stablecoins 2025 paper, stablecoin holdings relative to total deposits in Africa climbed from “virtually zero in 2020 to 1.5% by 2024.” The IMF notes that demand may keep rising in countries with inflation, weak local currencies, and limited access to foreign exchange. The report highlights wide gaps in global rules, with the US, UK, EU, [&hellip;]
- [World Bank Warns: Nigeria Among Top Three IDA Borrowers as Debt Pressures Intensify](https://diutocoinnews.com/2025/12/world-bank-warns-nigeria-among-top-three-ida-borrowers-as-debt-pressures-intensify/): A new World Bank report shows Nigeria’s external debt burden rising sharply, raising fresh concerns about fiscal risks and sustainability. The World Bank’s International Debt Report 2025 reveals that Nigeria, Bangladesh, and Pakistan now hold nearly 30% of all external debt owed by countries eligible for International Development Association support. The report highlights rising net debt inflows, heavier reliance on multilateral lenders, and increasing concerns over debt sustainability. Public and publicly guaranteed debt still dominates the structure, making up 75% of total long-term external debt, while private non-guaranteed debt accounts for 25%. In 2024, PPG debt rose to $816.5 billion, while [&hellip;]
- [Kenya Launches First-Ever Blockchain &amp; Crypto Crime Investigation Training<br>](https://diutocoinnews.com/2025/12/kenya-launches-first-ever-blockchain-crypto-crime-investigation-training/): Kenya has taken a major leap in modern policing with a new training programme built to combat rising blockchain and crypto crimes. Kenya has officially launched a specialised Blockchain and Cryptocurrency Investigation Training Module to help law enforcement keep pace with digital crime. The programme, unveiled at the DCI headquarters, marks the country’s strongest move yet against tech-driven criminal networks. Representing the DCI Director, Ms. Rosemary Kuraru highlighted the urgency of adapting to fast-changing digital threats. She explained that criminals increasingly hide behind virtual currencies and decentralised platforms, making traditional methods ineffective. The new training is designed to close that gap. [&hellip;]
- [Nigerian Court Dismisses Tigran Gambaryan’s Detention Suit Against EFCC](https://diutocoinnews.com/2025/12/nigerian-court-dismisses-tigran-gambaryans-detention-suit-against-efcc/): A Nigerian court has rejected Tigran Gambaryan’s claims of unlawful detention, affirming prosecutors’ authority over Binance-related investigations. A Federal High Court on November 27, 2025, dismissed the suit filed by former Binance executive Tigran Gambaryan, who accused Nigeria’s Economic and Financial Crimes Commission (EFCC) of unlawful and prolonged detention. Gambaryan, an American citizen, said he traveled to Nigeria in February 2024 with colleague Nadeem Anjarwalla solely to attend a government-requested meeting with NSA and EFCC officials. Justice Umar Mohammed ruled that the court would not “interfere” with the authority of Nigerian prosecutors investigating alleged money laundering and foreign exchange violations linked [&hellip;]
- [Bitcoin Slides Below $86K as Market Pressure Deepens and ETF Inflows Slow](https://diutocoinnews.com/2025/12/bitcoin-slides-below-86k-as-market-pressure-deepens-and-etf-inflows-slow/): Bitcoin’s latest drop highlights growing market stress, weak investor demand, and cautious sentiment across global crypto markets this week. Bitcoin fell over 6% on Monday, dropping below $86,000 during early Asian trading as heavy selling persisted. Solana, Ethereum, and XRP also slid roughly 8%. The market remains fragile after a major selloff in early October wiped out $19 billion in leveraged positions shortly after Bitcoin hit its $126,251 all-time high. Bitcoin lost 16.7% in November but briefly rebounded above $90,000 last week. More than 216,000 traders were liquidated in the past 24 hours, totaling $638.8 million. Analysts warn that weak dip-buying [&hellip;]
- [Understanding Brokers: The Essential Intermediaries of Modern Markets](https://diutocoinnews.com/2025/11/understanding-brokers-the-essential-intermediaries-of-modern-markets/): Brokers act as intermediaries between clients and markets, ensuring smooth, regulated transactions in finance and real estate. A broker serves as the critical link between investors and markets. In simple terms, they are facilitators, individuals or institutions that execute transactions on behalf of clients, ensuring trades or deals are carried out efficiently, accurately, and in compliance with regulations. Whether in finance or real estate, brokers provide access, expertise, and reliability where direct participation would otherwise be complex or impossible. Stock Brokers vs. Real Estate BrokersThough they operate in different sectors, both stock and real estate brokers share the same core purpose: [&hellip;]
- [CBN to Release Revised FX Manual to Strengthen Transparency and Boost Confidence in the Nigerian Naira](https://diutocoinnews.com/2025/11/cbn-to-release-revised-fx-manual-to-strengthen-transparency-and-boost-confidence-in-the-nigerian-naira/): Nigeria’s foreign exchange market is set for major reforms as the Central Bank prepares a new, clearer FX rulebook. The Central Bank of Nigeria (CBN) says it is finalising a revised foreign exchange (FX) manual as part of broader reforms to deepen market participation, improve transparency, and strengthen confidence in the naira. CBN Governor Olayemi Cardoso announced this at the annual Bankers’ Dinner hosted by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos. Cardoso explained that the updated manual will improve efficiency and governance in the FX market by setting clearer rules, tightening documentation, expanding participation, and enhancing surveillance [&hellip;]
- [Understanding Stock Simulators: Practice Without Financial Risk](https://diutocoinnews.com/2025/11/understanding-stock-simulators-practice-without-financial-risk/): Online stock simulators provide a practical, risk-free environment for learning trading, investing strategies, and financial decision-making through real-market simulations. An online stock simulator is a digital platform that replicates the real-world stock market environment, allowing users to trade with virtual money while experiencing authentic market conditions. Think of it as the financial equivalent of a flight simulator, you can practice, make mistakes, and refine your strategy without endangering your savings. Most simulators provide users with a starting balance (often around $100,000 in virtual currency) to buy and sell stocks listed on major exchanges such as the New York Stock Exchange (NYSE) [&hellip;]
- [Ghana Gold Board to Launch Blockchain Traceability System to Curb Smuggling and Transform Gold Mining Sector](https://diutocoinnews.com/2025/11/ghana-gold-board-to-launch-blockchain-traceability-system-to-curb-smuggling-and-transform-gold-mining-sector/): Ghana is taking a major step toward cleaning up its gold industry with new blockchain technology designed to track every gram. The Ghana Gold Board (GoldBod), the state authority responsible for buying, selling, grading, valuing, and exporting gold, is introducing a major technological upgrade to reshape Ghana’s artisanal and small-scale mining sector. GoldBod CEO Sammy Gyamfi, Esq., confirmed the plan months after linking it to the Gold Board Bill in Parliament. Pilot projects have already begun, following reports that Ghana loses about $2 billion yearly to gold smuggling. Created in 2025 under Act 1140, GoldBod is only seven months old, yet [&hellip;]
- [Stocks Explained for Beginners: How They Work, Why Companies Sell Them, and How You Profit](https://diutocoinnews.com/2025/11/stocks-explained-for-beginners-how-they-work-why-companies-sell-them-and-how-you-profit/): Stocks represent ownership in a company, offering investors a share of its profits, risks, and potential for long-term growth. A stock represents a unit of ownership in a company. Think of it as owning a slice of a pizza — you don’t get the whole pie, but your slice is yours. In the same way, each share of stock gives you a portion of the company’s profits and assets. The more shares you hold, the larger your claim. That’s why stocks are also called equities or shares — they represent equity ownership. WHY COMPANIES ISSUE STOCKSCompanies issue stocks primarily to raise [&hellip;]
- [Nigeria’s 27% Interest Rate Sparks Growth Fears as Businesses Warn of Mounting Credit Pressures](https://diutocoinnews.com/2025/11/nigerias-27-interest-rate-sparks-growth-fears-as-businesses-warn-of-mounting-credit-pressures/): Nigeria’s decision to keep interest rates at historic highs is triggering fresh warnings about slowing growth, weakening credit, and rising business strain. The Central Bank of Nigeria kept the Monetary Policy Rate at 27%, insisting that high rates are still necessary to control inflation. But business leaders warn the prolonged tightening may now be hurting growth. CPPE CEO Dr. Muda Yusuf said the MPC missed a chance to support recovery, noting that a small cut “would not have jeopardised price stability” but could ease the credit squeeze. Analysts also point to the large gap between inflation at 16% and the 27% [&hellip;]
- [Understanding the Oracle Problem: Why Blockchains Need External Eyes](https://diutocoinnews.com/2025/11/understanding-the-oracle-problem-why-blockchains-need-external-eyes/): Blockchains cannot access external information on their own, creating a fundamental limitation that prevents smart contracts from interacting with real-world data. Blockchains are intentionally isolated systems; self-contained, secure, and entirely dependent on the data stored within their own ledger. This isolation protects them from tampering, but it also leaves them unable to observe anything happening outside their network. They cannot read market prices, weather reports, GPS locations, banking data, or any other real-world input. This fundamental limitation is known as the oracle problem:How can a blockchain reliably obtain off-chain data without compromising its security, decentralization, or determinism? WHY THE ORACLE PROBLEM [&hellip;]
- [South Africa Warns That Crypto and Stablecoins Are Becoming a Systemic Financial Risk](https://diutocoinnews.com/2025/11/south-africa-warns-that-crypto-and-stablecoins-are-becoming-a-systemic-financial-risk/): South Africa’s central bank is raising fresh concerns as stablecoin adoption skyrockets and regulatory gaps widen across the financial system. South Africa’s Reserve Bank (SARB) has warned that crypto and stablecoins are becoming an emerging systemic risk due to the country’s lack of a complete regulatory framework. In its latest Financial Stability Review, the bank said traders are rapidly shifting from volatile coins like Bitcoin to dollar-linked stablecoins, creating oversight challenges the existing rules cannot handle. Herco Steyn, SARB’s lead macroprudential specialist, said the issue is simple: crypto is borderless and fast-moving, while South Africa’s exchange-control laws were never designed for [&hellip;]
- [Bank of Uganda Outlines Six Core Pillars for Uganda’s Upcoming Crypto Regulation Framework](https://diutocoinnews.com/2025/11/bank-of-uganda-outlines-six-core-pillars-for-ugandas-upcoming-crypto-regulation-framework/): Uganda has moved closer to formal crypto regulation as the central bank outlines the core structure guiding its new framework. The Bank of Uganda Governor, Dr. Michael Atingi-Ego, has outlined the key foundations shaping Uganda’s upcoming crypto laws. Speaking at the Kampala Blockchain Summit 2025, he stressed that regulation must balance innovation with financial stability to prevent underground activity while protecting consumers. The Governor warned that virtual assets pose risks due to weak governance, poor customer checks, and unregulated shadow systems. He revealed that 84.5% of Uganda’s crypto activity occurs on decentralized platforms, far above the regional average, making oversight and [&hellip;]
- [Automated Market Makers: The Algorithms Powering Decentralized Trading](https://diutocoinnews.com/2025/11/automated-market-makers-the-algorithms-powering-decentralized-trading/): Automated Market Makers replaced traditional traders with mathematical systems that autonomously set prices, enable swaps, and sustain decentralized markets without human intermediaries. Automated Market Makers (AMMs) are the systems that allow decentralized exchanges (DEXs) to function without human market makers, order books, or centralized intermediaries. Instead of matching buyers and sellers, AMMs use liquidity pools and deterministic algorithms to price assets and execute trades continuously. What Exactly Is an AMM?An AMM is a smart contract that enables users to swap tokens by interacting with a liquidity pool rather than another trader. A user deposits Token A, and the AMM, using its [&hellip;]
- [CBN Clarifies How Minimum Paid-Up Capital Must Be Calculated<br>](https://diutocoinnews.com/2025/11/cbn-clarifies-how-minimum-paid-up-capital-must-be-calculated/): A new Central Bank of Nigeria directive has ended weeks of uncertainty by redefining exactly how banks must compute minimum capital. The Central Bank of Nigeria has released a new directive clarifying how Financial Holding Companies and banks must calculate minimum paid-up capital. The CBN ruled that minimum capital must be based strictly on the par value of issued shares plus any share premium, nothing else. This clarification takes immediate effect and overrides all past interpretations. The update follows weeks of industry confusion, which had slowed down several banks’ financial reporting. Some institutions counted only paid-up capital, while others added reserves [&hellip;]
- [Nigerian Equities Drop for Fourth Straight Week as Investors Pull Back](https://diutocoinnews.com/2025/11/nigerian-equities-drop-for-fourth-straight-week-as-investors-pull-back/): Nigeria’s stock market closed the week deep in the red as major blue chips dragged the All-Share Index sharply lower. Nigeria’s stock market ended the week on a bearish note, losing 3,290.97 points to close at 143,722.62, despite a standout 60.6% surge in NCR Nigeria Plc. The All-Share Index (ASI) fell 2.24%, slipping below 145,000 and extending a four-week losing streak. Trading activity weakened sharply, with 2.6 billion shares worth N106.2 billion exchanged, far lower than the previous week. Market capitalization dropped from N93.5 trillion to N91.4 trillion. Only 20 stocks gained, while 60 declined. The NGX Premium Index fell almost [&hellip;]
- [South African Court Rules Cross-Border Bitcoin Transfer Didn’t Break Currency or Capital Rules](https://diutocoinnews.com/2025/11/south-african-court-rules-cross-border-bitcoin-transfer-didnt-break-currency-or-capital-rules/): A major South African court ruling has clarified how crypto fits into old exchange-control laws, exposing big regulatory gaps. A South African High Court ruling has found that a major Bitcoin transfer by Leo Cash &amp; Carry did not breach the country’s exchange-control laws. The case involved 4,405 BTC, worth R556 million, moved from South Africa to a Seychelles exchange, prompting the Reserve Bank to issue a forfeiture order. The central question: is crypto “currency” or “capital” under the 1961 exchange-control regulations? The court said no. It called the Reserve Bank’s argument that crypto is currency “strained and impractical,” noting that [&hellip;]
- [Kenya Launches VAAK to Strengthen Virtual Asset Governance and Drive Responsible Crypto Innovation](https://diutocoinnews.com/2025/11/kenya-launches-vaak-to-strengthen-virtual-asset-governance-and-drive-responsible-crypto-innovation/): Kenya’s crypto industry takes a major leap forward with the launch of a new association designed to guide safe, transparent growth. Kenya’s virtual assets sector has entered a new phase with the launch of the Virtual Assets Association of Kenya (VAAK), a non-political, non-profit body created to support responsible innovation and strengthen industry standards. VAAK arrives shortly after the Virtual Asset Service Providers Act, 2025 took effect, assigning licensing and oversight duties to the CMA and CBK. The Association will work alongside these regulators while giving industry players a unified voice. Its priorities include regulatory advocacy, development of best practices, public [&hellip;]
- [Nigeria’s Treasury Bills Hit N1.23 Trillion Demand as Investors Lock In High Yields Ahead of 2026 Rate Cuts](https://diutocoinnews.com/2025/11/nigerias-treasury-bills-hit-n1-23-trillion-demand-as-investors-lock-in-high-yields-ahead-of-2026-rate-cuts/): Nigeria’s latest Treasury Bills auction shows huge investor demand as buyers rush to secure high yields before next year’s easing cycle. Nigeria’s Treasury Bills auction on November 19, 2025 drew massive interest, with the 364-day bill alone attracting N1.23 trillion in subscriptions against a N450 billion offer. Despite this strong demand, stop rates stayed unchanged at 15.30%, 15.50% and 16.04% for the 91-day, 182-day and 364-day papers. The CBN allotted N1.03 trillion to the one-year tenor, bringing total allotments to N1.63 trillion, clear evidence of excess liquidity and strong appetite for high-yield instruments. True yields remain elevated at up to 19.104%. [&hellip;]
- [Kenya’s New Bitcoin ATMs Arrive Before Licensing Begins, Sparking Regulatory Confusion](https://diutocoinnews.com/2025/11/kenyas-new-bitcoin-atms-arrive-before-licensing-begins-sparking-regulatory-confusion/): Kenya’s crypto sector is entering a tense transition period as new regulations clash with the sudden rise of Bitcoin ATMs. Bitcoin ATMs have begun appearing in major Nairobi malls just days after Kenya introduced its first full cryptocurrency law. The machines, branded “Bankless Bitcoin,” let users buy and sell Bitcoin with cash, yet no operator is licensed under Kenya’s new Virtual Assets Service Providers Act. This clash has created a regulatory stress test for the country. The Act, which took effect on November 4, sets strict rules for crypto exchanges, wallet providers, and trading platforms. Oversight is shared by the Central [&hellip;]
- [Bitcoin Falls Below $90,000 After Record Highs](https://diutocoinnews.com/2025/11/bitcoin-falls-below-90000-after-record-highs/): Bitcoin’s steep decline has shaken global markets, raising urgent questions about what triggered the crash and what happens next. Bitcoin has plunged from its early-October peak of $126,000 to below $90,000, wiping out billions in value. The drop follows weeks of political and economic turbulence that pushed investors toward safer assets. The rally began after Donald Trump returned to the White House and publicly backed cryptocurrencies, helping Bitcoin break multiple records. Expectations of a Federal Reserve rate cut also boosted prices. But sentiment flipped when Trump reignited trade-war fears with China, triggering a global shift away from volatile assets. Crypto analyst [&hellip;]
- [Singapore Tops Global Crypto Comfort Index as African Nations Miss Top 10](https://diutocoinnews.com/2025/11/singapore-tops-global-crypto-comfort-index-as-african-nations-miss-top-10/): Global rankings now highlight how far everyday crypto usability has advanced worldwide, exposing major gaps Africa must urgently address. Singapore has emerged as the world’s most crypto-ready country, scoring 99/100 in the latest Global Crypto Comfort Index by ApeX Protocol. The report measures real-world usability using seven metrics, including ownership, ATMs, exchanges, crypto debit cards, search interest, and the ability to buy property with digital assets. With 25% of its population owning crypto, broad retail acceptance, and 81 exchanges, Singapore offers seamless daily crypto payments across stores, services, and real estate. The U.S. follows with a score of 97, backed by [&hellip;]
- [Naira Shows Signs of Stabilization as Reforms and Confidence Boost FX Market](https://diutocoinnews.com/2025/11/naira-shows-signs-of-stabilization-as-reforms-and-confidence-boost-fx-market/): Nigeria’s currency is stabilizing after months of volatility, supported by reforms, stronger confidence and improved foreign exchange market conditions. The Nigerian Naira strengthened slightly this past week, trading around N1,441.5/$ at the official market and N1,435–N1,450/$ in the parallel market. The currency is up 1.7% month-on-month and 13.5% year-on-year, with analysts describing its near-term outlook as stable to mildly bullish. The improvement follows Nigeria’s removal from the FATF grey list, boosting investor sentiment, foreign reserves, and FX inflows. The naira even hit a 10-month high of N1,444.4/$ as more dollar holders sold off positions. CBN’s FX reforms, liquidity injections, tighter oversight, [&hellip;]
- [CBN Activates New S4 System to Overhaul Treasury Bills Auctions](https://diutocoinnews.com/2025/11/cbn-activates-new-s4-system-to-overhaul-treasury-bills-auctions/): Nigeria’s Central Bank is overhauling Treasury Bills auctions with a new digital system designed to boost transparency, fairness and efficiency. The Central Bank of Nigeria (CBN) has begun a major reform of the government securities market, mandating that all Treasury Bills (T-Bills) auction bids be submitted through its S4 electronic platform starting November 20, 2025. The shift comes ahead of a large N700 billion T-Bills issuance, marking the first real use of the system. Analysts say the move shows the CBN is taking direct control of primary market pricing to eliminate hidden advantages and deepen transparency. Investment expert Tajudeen Olayinka said, [&hellip;]
- [Kenya and Ghana Roll Out New Crypto Regulations to Strengthen Security and Curb Illicit Financial Flows](https://diutocoinnews.com/2025/11/kenya-and-ghana-roll-out-new-crypto-regulations-to-strengthen-security-and-curb-illicit-financial-flows/): Kenya and Ghana are tightening cryptocurrency oversight as digital asset use surges across Africa, bringing both opportunity and rising risks. Kenya and Ghana have introduced new Virtual Asset Service Provider (VASP) regulations, requiring crypto platforms to adopt stricter compliance, reporting, and cybersecurity standards. Officials say the goal is to improve transaction traceability and limit vulnerabilities that have enabled fraud, hacking, and unregulated transfers. Africa processed USD 205 billion in on-chain crypto transactions between July 2024 and June 2025, making it the world’s third-fastest-growing crypto market. However, rising adoption has been matched by increasing cybercrime, contributing to the continent’s USD 88.6 billion [&hellip;]
- [SEC Confirms Nigeria’s Move to T+2 Settlement Cycle Effective November 28, 2025](https://diutocoinnews.com/2025/11/sec-confirms-nigerias-move-to-t2-settlement-cycle-effective-november-28-2025/): Nigeria’s capital market is set for a major efficiency upgrade as regulators shift to a faster settlement system. The Securities and Exchange Commission (SEC) has announced that Nigeria will officially move from a T+3 to a T+2 settlement cycle for equities on Friday, November 28, 2025. The shift aligns the Nigerian capital market with global best practices, improves liquidity, and reduces counterparty risk. The SEC stated that the transition follows months of preparation and successful industry-wide testing, with the CSCS Plc confirming full operational and technical readiness. Under the new timeline, trades executed on November 28 will settle on December 2, [&hellip;]
- [Crypto Millionaire Couple Found Murdered in UAE After Mysterious Disappearance](https://diutocoinnews.com/2025/11/crypto-millionaire-couple-found-murdered-in-uae-after-mysterious-disappearance/): A chilling crypto scandal unfolds as a Russian millionaire couple vanishes in Dubai, only to be found brutally murdered. Russian cryptocurrency entrepreneur Roman Novak and his wife Anna were found dead in the United Arab Emirates (UAE) a month after disappearing under suspicious circumstances. According to reports from the Moscow Times and New York Post, the couple vanished in early October after meeting an unidentified investor in Dubai. Their last known location was near Hatta Mountain Resort, where they reportedly switched vehicles, never to be seen again. Investigators believe the couple was lured to a villa in Hatta village, where kidnappers [&hellip;]
- [Nigeria’s Stock Market Rebounds, Gains N2.6 Trillion After Tax Reassurances](https://diutocoinnews.com/2025/11/nigerias-stock-market-rebounds-gains-n2-6-trillion-after-tax-reassurances/): Nigeria’s stock market roared back after a record crash, gaining trillions as government assurances calmed investor fears over taxes. The Nigerian Exchange (NGX) rebounded sharply on November 12, 2025, adding N2.6 trillion in market value after authorities promised to review the Capital Gains Tax (CGT) on securities. Finance Minister Wale Edun said the government would take a “cautious and consultative” approach, easing fears of a January 2026 tax hit. The All-Share Index (ASI) jumped 2.89% to 145,405.39 points, while market capitalization climbed to N93.45 trillion. Banking stocks led the rally, soaring 7.51%, with GTCO, Zenith Bank, Access Holdings, and ETI each [&hellip;]
- [Nigerian Stocks Crash N4.6 Trillion in Record One-Day Selloff](https://diutocoinnews.com/2025/11/nigerian-stocks-crash-n4-6-trillion-in-record-one-day-selloff/): Nigeria’s stock market faced its worst-ever trading day as panic selling erased trillions from investors’ portfolios in hours. Nigeria’s stock market suffered a historic meltdown on November 11, 2025, losing N4.6 trillion in a single session as the All-Share Index (ASI) plunged 5.01% to 141,327.30 points. Market capitalization dropped from N94.5 trillion to N89.9 trillion, the steepest one-day fall ever recorded. Massive selloffs in heavyweights MTN Nigeria, Dangote Cement, BUA Cement, Transcorp, and Zenith Bank triggered the rout, each falling around 10%. Analysts linked the crash to fears over the January 2026 capital gains tax, geopolitical tensions after Donald Trump’s military [&hellip;]
- [Morocco Unveils Draft Law to Regulate Crypto Assets](https://diutocoinnews.com/2025/11/morocco-unveils-draft-law-to-regulate-crypto-assets/): Morocco is stepping into the crypto era with a draft law designed to regulate and protect its digital asset market. Morocco has released a draft law to regulate its crypto asset market, marking a major step toward formal oversight. The proposal, published by the General Secretariat of the Government, is open for public feedback and was developed by the Finance Ministry and Bank Al-Maghrib (BAM). The law creates a clear framework for innovation while combating risks like money laundering, terrorism financing, and fraud. It recognizes three regulated groups: crypto service providers (trading, custody, portfolio management), utility token issuers approved by the [&hellip;]
- [CZ Denies Trump Ties, Says He Was Surprised by Presidential Pardon](https://diutocoinnews.com/2025/11/cz-denies-trump-ties-says-he-was-surprised-by-presidential-pardon/): Binance founder Changpeng Zhao says he never met Trump and was surprised by his unexpected presidential pardon. Binance co-founder Changpeng Zhao (CZ) says he was caught off guard by Donald Trump’s presidential pardon, stressing he has no personal or business ties with the former US president or his family. Speaking on Fox News, CZ explained he only met Eric Trump once at a Bitcoin conference in Abu Dhabi, denying any link between Binance, World Liberty Finance, and Trump’s ventures. “I did not know when or if it would happen,” Zhao said, adding his lawyers filed the petition months earlier. Trump, meanwhile, [&hellip;]
- [Elektron Finance Lists N4.64bn Infrastructure Bond on NGX](https://diutocoinnews.com/2025/11/elektron-finance-lists-n4-64bn-infrastructure-bond-on-ngx/): Nigeria’s capital market just got a major boost as a new high-yield infrastructure bond hits the Nigerian Exchange. The Nigerian Exchange (NGX) has listed a N4.64 billion bond by Elektron Finance SPV Plc — the first tranche under its N200 billion bond programme. The 15-year, 22% fixed-rate bond, maturing in July 2040, offers one of the highest long-term yields on the market. Backed by InfraCredit and co-obligated by Victoria Island Power Ltd, the bond is considered a low-risk, high-return investment. Investors will receive coupon payments twice a year — every January 7 and July 7 — starting July 2025. The issue [&hellip;]
- [Kenya Eyes First Crypto-Firm Listings on Nairobi Stock Exchange](https://diutocoinnews.com/2025/11/kenya-crypto-regulation-nairobi-securities-exchange-cma-kenya-virtual-assets-crypto-companies-africa/): Kenya is moving toward a bold financial experiment, merging traditional stock markets with the fast-changing world of cryptocurrency regulation. Kenya’s Capital Markets Authority (CMA) is in talks with major US and UK crypto firms to list their shares on the Nairobi Securities Exchange, a first for Africa. This follows President William Ruto’s new Virtual Asset Service Providers Act, which finally gives legal structure to Kenya’s crypto scene. Unlike trading Bitcoin directly, investors would buy shares in companies building or managing digital assets, gaining exposure without facing crypto’s wild price swings. CMA chief Wycliffe Shamiah confirmed four or five firms have shown [&hellip;]
- [Ghanaian Cedi, Zambian Kwacha, and Naira Lead Africa’s Currency Gains in October 2025<br>](https://diutocoinnews.com/2025/11/ghanaian-cedi-zambian-kwacha-and-naira-lead-africas-currency-gains-in-october-2025/): Several African currencies bucked global trends in October 2025, showing rare strength against the U.S. dollar amid market pressures. Despite widespread global currency weakness, a handful of African currencies appreciated against the U.S. dollar in October 2025, led by the Congolese franc (+16.3%), Ghanaian cedi (+12.8%), and Zambian kwacha (+7.3%). These gains reflected stronger export earnings, debt restructuring progress, and tighter monetary policies. The Nigerian naira also strengthened 3.4%, buoyed by higher oil prices and Central Bank FX reforms, while Egypt’s pound (+1.3%), Sierra Leone’s leone (+0.7%), Seychellois rupee (+0.7%), Ugandan shilling (+0.23%), and Mozambican metical (+0.45%) posted modest advances. Meanwhile, [&hellip;]
- [Bitcoin Falls Below $100K as $1.3B ETF Outflows Deepen Crypto Market Slide](https://diutocoinnews.com/2025/11/bitcoin-falls-below-100k-as-1-3b-etf-outflows-deepen-crypto-market-slide/): Bitcoin dips below $100,000 as spot ETFs bleed $1.3 billion, dragging crypto-linked stocks and investor sentiment lower. Bitcoin prices tumbled over 5%, slipping below $100,000 for the first time since May, extending losses from last month’s “Red October.” Data from SoSoValue shows $1.3 billion in outflows from spot Bitcoin ETFs like BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC since Oct. 29, while spot Ether ETFs lost nearly $500 million. The selloff weighed on crypto-linked stocks — MicroStrategy, Coinbase, and Robinhood each fell over 6%. Altcoins such as Ether and Solana plunged more than 8%, as market sentiment turned from neutral to [&hellip;]
- [Naira Falls to ₦1,436/$ After Trump Threatens Military Action Against Nigeria](https://diutocoinnews.com/2025/11/naira-falls-to-%e2%82%a61436-after-trump-threatens-military-action-against-nigeria/): The naira weakens sharply as Trump’s threat of military action against Nigeria sparks investor panic and market volatility. Nigeria’s foreign exchange market opened November on a rough note as the naira dropped to ₦1,436.34/$ on Monday, losing ₦15 (1.03%) in one day, following U.S. President Donald Trump’s comments suggesting possible military action over alleged religious persecution. The parallel market also saw the naira slide to ₦1,455/$, amid heightened investor anxiety. Nigeria’s dollar bonds ranked among the worst-performing emerging market assets, with the 2047 note down 0.6 cents to 88.26 cents per dollar. Trump designated Nigeria a “Country of Particular Concern” and [&hellip;]
- [DMO Launches November 2025 FGN Savings Bond with Rates up to 14.565%](https://diutocoinnews.com/2025/11/dmo-launches-november-2025-fgn-savings-bond-with-rates-up-to-14-565/): Nigeria opens a new investment window for citizens through the November 2025 FGN Savings Bond, offering attractive interest rates. The Debt Management Office (DMO) has announced the November 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bond, providing citizens an opportunity to earn competitive returns while supporting national development. The offer includes a 2-Year Bond (13.565% p.a., due November 2027) and a 3-Year Bond (14.565% p.a., due November 2028). Subscriptions open November 3–7, 2025, with settlement on November 12. Interest payments will be made quarterly. Investors may subscribe in units of ₦1,000, with a ₦5,000 minimum and ₦50 million [&hellip;]
- [Nigeria’s External Reserves Jump by $540m in Two Weeks, Signal Stronger Market Confidence](https://diutocoinnews.com/2025/11/nigerias-external-reserves-jump-by-540m-in-two-weeks-signal-stronger-market-confidence/): Nigeria’s foreign reserves hit a new high in late October, reflecting stronger inflows, improved liquidity, and market confidence. Nigeria’s external reserves rose by $540.28 million between October 13 and 30, 2025, climbing from $42.63 billion to $43.17 billion, according to the Central Bank of Nigeria (CBN). This marks a 1.3% growth in two weeks and 1.8% month-on-month. Liquid reserves increased by $579.62 million, reaching $42.55 billion, while blocked reserves fell to $618.63 million, improving overall liquidity. Analysts say the steady rise reflects inflows from oil exports, remittances, and capital importation. United Capital Research noted reserves now offer over eight months of [&hellip;]
- [NGX Extends Bullish Streak with 8% October Gain, Industrial Stocks Lead Rally](https://diutocoinnews.com/2025/11/ngx-extends-bullish-streak-with-8-october-gain-industrial-stocks-lead-rally/): The Nigerian Exchange closed October 2025 with a strong 8% surge, marking its second-best month of the year so far. The Nigerian Exchange (NGX) capped October 2025 on a high note, advancing 8% as bullish sentiment persisted across most sectors.The NGX All-Share Index climbed from 142,713.1 to 154,126.4 points, with over 12 billion shares traded, pushing the year-to-date return to 49.74%. Gains were fueled by upbeat Q3 earnings and investor rotation into top-performing sectors, led by industrial goods. The Industrial Goods Index outperformed with a 17.50% return, driven by cement giants — Dangote Cement (+25.69%), BUA Cement (+12.50%), and Lafarge Africa [&hellip;]
- [Schnorr Signatures: The Rise of Bitcoin’s Quiet Upgrade](https://diutocoinnews.com/2025/11/schnorr-signatures-the-rise-of-bitcoins-quiet-upgrade/): Schnorr signatures, introduced through Bitcoin’s Taproot upgrade, enhance transaction efficiency, scalability, and privacy while maintaining the network’s uncompromising security. Bitcoin is famously conservative with change. Its upgrades are rare, deliberate, and thoroughly scrutinized — much like a seasoned craftsman who refuses to alter a tool that still performs flawlessly.Yet in late 2021, the network quietly adopted one of its most significant innovations: Taproot, and hidden within it, a cryptographic breakthrough known as the Schnorr signature. This subtle change didn’t rewrite Bitcoin’s rules — it refined them, making transactions faster, lighter, and more private. The Role of Digital Signatures in BitcoinAt its [&hellip;]
- [Flutterwave, Polygon Launch Stablecoin Payment Network Across Africa](https://diutocoinnews.com/2025/10/flutterwave-polygon-launch-stablecoin-payment-network-across-africa/): Flutterwave and Polygon have teamed up to launch a stablecoin-powered payment network, revolutionizing cross-border transactions across 34 African countries. Nigeria’s fintech giant Flutterwave has partnered with Polygon Labs to launch a blockchain-based cross-border payment network powered by stablecoins, covering 34 African countries. According to Cointelegraph, the initiative aims to simplify and accelerate transactions using Polygon’s scalable, low-cost Ethereum infrastructure, improving settlement speed and reducing transfer fees. Flutterwave CEO Olugbenga Agboola said the move could “attract more capital into Africa” and boost transaction volumes tenfold, offering businesses and consumers a cheaper, faster alternative to traditional systems. The project comes amid growing stablecoin [&hellip;]
- [What is Open USD (OUSD) stablecoin? How USDC survives Open USD Launch](https://diutocoinnews.com/2026/07/what-is-open-usd-launch/): Open USD (OUSD) stablecoin is now the most talked about topic at the crypto market&hellip;
- [Best Performing Money Market Funds in Nigeria Following April 2026](https://diutocoinnews.com/2026/05/best-money-market-funds/): Nigeria’s money market fund sector added a net asset value (NAV) of N5.68 trillion as&hellip;
- [Binance Launches Withdrawal Lock Feature to Limit Coerced Withdrawals](https://diutocoinnews.com/2026/05/binance-withdrawal-lock/): Binance is launching a withdrawal lock to help limit coerced withdrawals due to kidnapping and&hellip;
- [Coinbase Lays Off 14% of Its Workforce Today Citing AI and Bear Market Concerns](https://diutocoinnews.com/2026/05/coinbase-layoff-14-workforce/): Just in, Brian, CEO of Coinbase announced on Twitter the company plans to reduce its&hellip;
- [Bitcoin Soars Above $81K for the First Time Since January&nbsp;](https://diutocoinnews.com/2026/05/bitcoin-soars-above-81k-for-the-first-time-since-january/): Bitcoin rose above $80,000 for the first time since January following an expected conclusion on&hellip;
- [Just In: Moniepoint CEO Claims Zero Qualified Applicants to Fill 500 Job Openings](https://diutocoinnews.com/2026/05/moniepoint-job-openings/): During the just concluded Nigeria’s May Day event, focusing on entrepreneurship, human capital development, and&hellip;
- [Opay Snubs NGX to List at the US Stock Market](https://diutocoinnews.com/2026/05/opay-snubs-ngx-lists-us-market/): Opay Digital Services Ltd is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase&hellip;
- [CBN Announces Crypto AML Supervisory Pilot Progamme, names KuCoin and Flutterwave](https://diutocoinnews.com/2026/04/cbn-crypto-aml-supervisory-pilot/): Central Bank of Nigeria (CBN) just launched its new supervision pilot programme for virtual asset.&hellip;
- [Understanding Calldata in Solidity: The Immutable Input Layer of Smart Contracts](https://diutocoinnews.com/2026/03/understand-calldata-solidity/): Calldata Solidity is the immutable transaction input layer that delivers function arguments to smart contracts&hellip;
- [Blockchain Reorganization: A Deep Dive](https://diutocoinnews.com/2026/03/blockchain-reorganizations-a-deep-dive/): Blockchain reorganizations occur when competing blocks temporarily rewrite recent blockchain history, affecting transaction certainty and&hellip;
- [Grief Attacks in Web3: Economic Sabotage Without Direct Theft](https://diutocoinnews.com/2026/03/grief-attacks-in-web3/): Grief attacks exploit economic design flaws to inflict disproportionate harm without directly stealing funds from&hellip;
- [Synthetic Debt Explained: Understanding the Basics](https://diutocoinnews.com/2026/03/understanding-synthetic-cdos-how-derivative-based-debt-instruments-work/): Synthetic CDOs allow investors to gain exposure to debt without owning it directly, using derivatives&hellip;
- [Frontrunning in DeFi: Understanding Mempool Exploits and MEV Risk](https://diutocoinnews.com/2026/03/what-is-frontrunning-in-defi-understanding-mempool-exploits-and-mev-risk/): DeFi Frontrunning exploits public transaction visibility to secure execution priority and extract profit from predictable&hellip;
- [South African Airways Becomes First African Airline to Accept Bitcoin for Flight Payments](https://diutocoinnews.com/2026/03/south-african-airways-becomes-first-african-airline-to-accept-bitcoin-for-flight-payments/): South African Airways introduces Bitcoin payments, becoming the first airline in Africa to accept cryptocurrency&hellip;
- [CBN Treasury Bills Auction Oversubscribed by 227% as Investors Pour N2.78 Trillion Into One-Year Securities](https://diutocoinnews.com/2026/03/cbn-treasury-bills-auction-oversubscribed-by-227-as-investors-pour-n2-78-trillion-into-one-year-securities/): Nigeria’s treasury bills auction attracts N2.78 trillion in bids as investors crowd into one-year securities&hellip;
- [Kenya and Rwanda Central Banks Sign MoU to Simplify Cross-Border Fintech Licensing](https://diutocoinnews.com/2026/03/kenya-and-rwanda-central-banks-sign-mou-to-simplify-cross-border-fintech-licensing/): Kenya and Rwanda central banks sign agreement to simplify fintech licensing and expand cross-border payment&hellip;
- [SEC Ghana Selects 11 Firms for Virtual Asset Regulatory Sandbox Under New Crypto Law](https://diutocoinnews.com/2026/03/sec-ghana-selects-11-firms-for-virtual-asset-regulatory-sandbox-under-new-crypto-law/): Ghana’s securities regulator selects 11 firms for crypto regulatory sandbox to test digital asset services&hellip;
- [CBN Mandates Automated AML Systems for Banks to Detect Suspicious Transactions in Real Time](https://diutocoinnews.com/2026/03/cbn-mandates-automated-aml-systems-for-banks-to-detect-suspicious-transactions-in-real-time/): Nigeria’s central bank introduces mandatory automated AML systems to strengthen detection of financial crimes across&hellip;
- [Nigeria Records N1.71 Trillion Trade Surplus in Q4 2025 Despite Decline in Crude Oil Exports](https://diutocoinnews.com/2026/03/nigeria-records-n1-71-trillion-trade-surplus-in-q4-2025-despite-decline-in-crude-oil-exports/): Nigeria posts N1.71 trillion trade surplus in Q4 2025 despite falling exports as imports rise&hellip;
- [Former CFTC Chairman Says U.S. Banks Need Crypto Regulatory Clarity More Than Digital Asset Firms](https://diutocoinnews.com/2026/03/former-cftc-chairman-says-u-s-banks-need-crypto-regulatory-clarity-more-than-digital-asset-firms/): Former CFTC chairman warns regulatory uncertainty could leave U.S. banks behind global competitors in blockchain-based&hellip;
- [Ghana Moves Ahead With Sliding Gold Royalty Regime Despite Pressure From U.S., China](https://diutocoinnews.com/2026/03/ghana-moves-ahead-with-sliding-gold-royalty-regime-despite-pressure-from-u-s-china/): Ghana proceeds with new gold royalty policy aimed at boosting mining revenue despite diplomatic concerns&hellip;
- [How to Buy Dangote Refinery Shares During IPO](https://diutocoinnews.com/2026/03/dangote-refinery-ipo-sales/): In this short article, I will be showing you how to successfully buy any IPO&hellip;
- [CBN Plans N850 Billion Treasury Bills Auction as Nigeria’s Weekly Government Borrowing Nears N2 Trillion](https://diutocoinnews.com/2026/03/cbn-plans-n850-billion-treasury-bills-auction-as-nigerias-weekly-government-borrowing-nears-n2-trillion/): Nigeria’s central bank schedules fresh N850 billion Treasury Bills auction as strong investor demand pushes&hellip;
- [Naira Falls to N1,398 per Dollar as FX Liquidity Pressures Persist in Nigeria](https://diutocoinnews.com/2026/03/naira-falls-to-n1398-per-dollar-as-fx-liquidity-pressures-persist-in-nigeria-2/): Nigeria’s naira weakens to its lowest level since January as foreign exchange liquidity shortages continue&hellip;
- [CBN Says 30 Nigerian Banks Meet New Capital Requirements as Recapitalisation Drive Gains Momentum](https://diutocoinnews.com/2026/03/cbn-says-30-nigerian-banks-meet-new-capital-requirements-as-recapitalisation-drive-gains-momentum/): Nigeria’s central bank says 30 lenders have met new capital thresholds as banking sector recapitalisation&hellip;
- [South African Central Bank to Revise Risk Outlook as Middle East Conflict Drives Oil Above $94](https://diutocoinnews.com/2026/03/south-african-central-bank-to-revise-risk-outlook-as-middle-east-conflict-drives-oil-above-94/): South Africa’s central bank plans new risk scenarios as rising oil prices and rand volatility&hellip;
- [South African Rand Falls as Middle East Conflict Drives Investors Toward U.S. Dollar Safe Havens](https://diutocoinnews.com/2026/03/south-african-rand-falls-as-middle-east-conflict-drives-investors-toward-u-s-dollar-safe-havens/): South Africa’s rand, stocks and bonds weaken as global investors move into safe-haven assets amid&hellip;
- [Dubai Crypto Regulator Orders Seychelles-based Crypto Exchange KuCoin to Stop Unlicensed Operations as Bitcoin Sees $2.2B Exchange Outflow](https://diutocoinnews.com/2026/03/dubai-crypto-regulator-orders-kucoin-to-stop-unlicensed-operations-as-bitcoin-sees-2-2b-exchange-outflow-2/): Dubai’s crypto regulator warns KuCoin, to halt unlicensed operations as massive Bitcoin withdrawals signal possible&hellip;
- [Nigeria Extends Raw Shea Nut Export Ban to Boost Local Processing and Non-Oil FX Growth](https://diutocoinnews.com/2026/03/nigeria-extends-raw-shea-nut-export-ban-to-boost-local-processing-and-non-oil-fx-growth/): Nigeria extends restriction on raw shea nut exports, signaling a strategic push toward value-added processing&hellip;
- [CBN Grows Nigeria's Gold Reserves to $3.5 Billion Without Spending Foreign Currency](https://diutocoinnews.com/2026/03/cbn-grows-nigerias-gold-reserves-to-3-5-billion-without-spending-foreign-currency/): The Central Bank of Nigeria has grown its gold reserves to $3.5 billion using only&hellip;
- [South African Airways Integrates Bitcoin Payments Into Core Booking System](https://diutocoinnews.com/2026/03/south-african-airways-integrates-bitcoin-payments-into-core-booking-system/): South African Airways becomes Africa’s first major carrier to embed Bitcoin directly into its reservation&hellip;
- [AfDB Backs Francophone Africa Startups as ECB Warns on Stablecoin Risks](https://diutocoinnews.com/2026/03/afdb-backs-francophone-africa-startups-as-ecb-warns-on-stablecoin-risks/): Africa’s development finance and Europe’s monetary authorities are shaping the future of venture capital and&hellip;
- [South Africa to Formally Integrate Crypto Into Capital Controls Framework](https://diutocoinnews.com/2026/03/south-africa-to-formally-integrate-crypto-into-capital-controls-framework/): South Africa moves to formally regulate crypto assets under exchange control laws, bringing long-awaited clarity&hellip;
- [US–Iran Conflict: Global Oil Shock and What It Means for Nigeria’s Economy](https://diutocoinnews.com/2026/03/us-iran-conflict-global-oil-shock-and-what-it-means-for-nigerias-economy/): Rising tensions between the United States and Iran are shaking oil markets and threatening global&hellip;
- [Ethiopia Bans Birr-Denominated P2P Crypto Trading Amid Regulatory Review](https://diutocoinnews.com/2026/02/ethiopia-bans-birr-denominated-p2p-crypto-trading-amid-regulatory-review/): Ethiopia halts birr-based peer-to-peer crypto trades as central bank prepares formal digital asset regulatory framework.&hellip;
- [SARS Releases CARF 0.1.5: New Crypto Tax Reporting Rules for South Africa](https://diutocoinnews.com/2026/02/sars-releases-carf-0-1-5-new-crypto-tax-reporting-rules-for-south-africa/): South Africa is tightening crypto tax oversight as SARS publishes new technical reporting rules aligned&hellip;
- [Kenya Adventist Church Rocked by Optcoin Crypto Scandal](https://diutocoinnews.com/2026/02/kenya-adventist-church-rocked-by-optcoin-crypto-scandal/): Kenya’s Adventist Church faces fresh turmoil after a crypto investment scheme triggered financial losses and&hellip;
- [Maximize Income with Dividend Stocks: Tips & Overview](https://diutocoinnews.com/2026/02/maximize-income-with-dividend-stocks/): This article explains dividend stocks clearly, practically, and without unnecessary jargon. What Are Dividend Stocks?Dividend&hellip;
- [Understanding Solidity Events: The Communication Layer of Smart Contracts](https://diutocoinnews.com/2026/02/understanding-solidity-events/): In Solidity, events allow smart contracts to communicate with external applications, recording activity without modifying&hellip;
- [CBN Cuts MPR to 26.50%: What the Rate Cut Means for Your Money](https://diutocoinnews.com/2026/02/cbn-cuts-mpr-to-26-50-what-the-rate-cut-means-for-your-money/): Nigeria’s monetary easing cycle resumes, reshaping returns across savings, bonds and equities. At its 304th&hellip;
- [South Africa Tightens Crypto Rules to Curb Cross-Border Capital Flight](https://diutocoinnews.com/2026/02/south-africa-tightens-crypto-rules-to-curb-cross-border-capital-flight/): South Africa is moving to close regulatory gaps around crypto-linked capital flows and exchange control&hellip;
- [South Africa Cuts Weekly Bond Sales After Budget Lowers Borrowing Needs](https://diutocoinnews.com/2026/02/south-africa-cuts-weekly-bond-sales-after-budget-lowers-borrowing-needs/): Treasury trims issuance as revised borrowing projections ease supply pressures in bond markets. South Africa’s&hellip;
- [Nigerian Manufacturers Push Back Against Proposed Tax Stamp System on Excisable Goods](https://diutocoinnews.com/2026/02/nigerian-manufacturers-push-back-against-proposed-tax-stamp-system-on-excisable-goods/): Industry leaders warn the planned track-and-trace regime could raise costs and hurt fragile sector recovery.&hellip;
- [Foundry: The Essential Toolkit for Smart Contract Development](https://diutocoinnews.com/2026/02/foundry-the-essential-toolkit-for-smart-contract-development/): Foundry is a comprehensive development toolkit that enables developers to efficiently write, test, deploy, and&hellip;
- [World Bank Targets $6bn Concessional Financing Package for Mozambique](https://diutocoinnews.com/2026/02/world-bank-targets-6bn-concessional-financing-package-for-mozambique/): Mozambique is set to receive major concessional funding as debt risks and reform pressures intensify.&hellip;
- [Robo Advisors Explained: Automated Investing for Efficient, Low-Cost Portfolio Management](https://diutocoinnews.com/2026/02/robo-advisors-explained-automated-investing-for-efficient-low-cost-portfolio-management/): Robo advisors provide automated, algorithm-driven portfolio management, offering diversified investing solutions with lower costs and&hellip;
- [Binance Processed 71,000 Law-Enforcement Requests in 2025, Supported $131m Asset Seizures](https://diutocoinnews.com/2026/02/binance-processed-71000-law-enforcement-requests-in-2025-supported-131m-asset-seizures/): Binance reports expanded compliance operations as scrutiny of global crypto exchanges intensifies. Binance says it&hellip;
- [Nigeria Capital Market Contribution to GDP Hits 33% as Market Cap Surges 125%](https://diutocoinnews.com/2026/02/nigeria-capital-market-contribution-to-gdp-hits-33-as-market-cap-surges-125/): Nigeria’s capital market expansion accelerates, but regulators warn liquidity gaps could threaten long-term sustainability. Nigeria’s&hellip;
- [Dollar-Cost Averaging Explained: A Low-Stress Strategy for Long-Term Investing Success](https://diutocoinnews.com/2026/02/dollar-cost-averaging-explained-a-low-stress-strategy-for-long-term-investing-success/): Dollar-cost averaging helps investors reduce timing risk, build discipline, and grow wealth steadily through consistent,&hellip;
- [Nigeria DMO to Auction ₦800bn FGN Bonds as Yields Fall Below 20%](https://diutocoinnews.com/2026/02/nigeria-dmo-to-auction-%e2%82%a6800bn-fgn-bonds-as-yields-fall-below-20/): Nigeria’s debt office tests softer borrowing costs amid easing yields and strong institutional demand. The&hellip;
- [Calldata in Solidity: Understanding Temporary, Read-Only Inputs](https://diutocoinnews.com/2026/02/calldata-in-solidity-understanding-temporary-read-only-inputs/): In Solidity, &#8216;calldata&#8216; refers to the temporary, read-only area where function input data is stored&hellip;
- [Defensive Stocks Explained: How Investors Protect Capital During Market Downturns](https://diutocoinnews.com/2026/02/defensive-stocks-explained-how-investors-protect-capital-during-market-downturns/): Defensive stocks help investors preserve capital and earn steady income during economic uncertainty, market volatility,&hellip;
- [Nigeria Public Debt Rises to $103.94 Billion as Domestic Borrowing Surpasses External Loans](https://diutocoinnews.com/2026/02/nigeria-public-debt-rises-to-103-94-billion-as-domestic-borrowing-surpasses-external-loans/): Nigeria’s public debt climbs above $103 billion, with domestic borrowing now forming the larger share&hellip;
- [Ethiopia Becomes 8th Largest Bitcoin Miner with 2.7% of Global Hashrate](https://diutocoinnews.com/2026/02/ethiopia-bitcoin-mining/): Ethiopia rises to global Bitcoin mining prominence, leveraging hydropower while government moves toward direct state&hellip;
- [Ghana Launches Crypto Regulatory Sandbox to Strengthen Digital Asset Oversight](https://diutocoinnews.com/2026/02/ghana-launches-crypto-regulatory-sandbox/): MGhana accelerates crypto regulation with sandbox approvals, safeguarding Cedi stability while encouraging responsible digital asset&hellip;
- [Kenya Crypto Regulation Faces Defining Moment as Stablecoin Use Surges](https://diutocoinnews.com/2026/02/kenya-crypto-regulation-faces-defining-moment-as-stablecoin-use-surges/): Stablecoins are scaling rapidly in Kenya, while regulators debate oversight, taxation and systemic risk in&hellip;
- [Namibia Holds Policy Rate at 6.50% Amid Moderating Inflation](https://diutocoinnews.com/2026/02/namibia-holds-policy-rate-at-6-50-amid-moderating-inflation/): Namibia’s central bank maintains caution despite easing price pressures, aligning policy with regional trends and&hellip;
- [South Africa Inflation Eases to 3.5%, Rate Cut Speculated](https://diutocoinnews.com/2026/02/south-africa-inflation-eases-to-3-5-rate-cut-speculated/): South Africa’s inflation slows, bringing relief to consumers while policymakers weigh interest rate adjustments amid&hellip;
- [Tinubu Backs African Credit Rating Agency to Tackle ‘Africa Premium’](https://diutocoinnews.com/2026/02/tinubu-backs-african-credit-rating-agency-to-tackle-africa-premium/): Nigeria’s president calls for an African rating agency to reduce borrowing costs and correct structural&hellip;
- [Nigeria Chooses Regulatory Integration Over New Crypto Law](https://diutocoinnews.com/2026/02/nigeria-chooses-regulatory-integration-over-new-crypto-law/): Nigeria signals cautious crypto oversight, opting against rushing standalone virtual asset legislation for now. Nigeria&hellip;
- [Africrypt Founders Resurface in South Africa Years After Crypto Collapse](https://diutocoinnews.com/2026/02/africrypt-founders-resurface-in-south-africa-years-after-crypto-collapse/): A new investigation reveals Africrypt founders are back in South Africa, reigniting unresolved investor claims.&hellip;
- [Nigeria Capital Importation Hits $16.7 Billion in First 9 Months of 2025](https://diutocoinnews.com/2026/02/nigeria-capital-importation-hits-16-7-billion-in-first-9-months-of-2025/): Nigeria’s foreign inflows surge in 2025, but heavy reliance on portfolio investments raises sustainability concerns.&hellip;
- [Crypto &amp; Stock Trading Set to Launch Directly on X via Smart Cashtags](https://diutocoinnews.com/2026/02/crypto-stock-trading-set-to-launch-directly-on-x-via-smart-cashtags/): X is preparing to integrate crypto and stock trading directly into user timelines through Smart&hellip;
- [PGI Founder Sentenced to 20 Years in $200M Global Crypto Ponzi Scheme Case](https://diutocoinnews.com/2026/02/pgi-founder-sentenced-to-20-years-in-200m-global-crypto-ponzi-scheme-case/): A major crypto fraud case ends in prison, exposing false “guaranteed returns” and growing global&hellip;
- [PayPal Is Back With Account Blocking in Nigeria&nbsp;](https://diutocoinnews.com/2026/02/paypal-account-blocking-nigeria/): Paypal Nigeria, the popular digital wallet for sending and receiving money across the world is&hellip;
- [China to Implement Zero-Tariff Imports for 53 African Countries Starting May 1, 2026](https://diutocoinnews.com/2026/02/china-to-implement-zero-tariff-imports-for-53-african-countries-starting-may-1-2026/): Chinese President Xi Jinping confirmed that China will extend zero-tariff treatment to imports from all&hellip;
- [Tether Launches Usdt.directory a Global  Directory For Businesses](https://diutocoinnews.com/2026/02/tether-usdt-directory/): Tether, the crypto market largest stablecoin issuer has launched an open directory for crypto businesses&hellip;
- [Femi Otedola Says Naira Could Strengthen Below N1,000/$1 as Dangote Refinery Hits Full Capacity](https://diutocoinnews.com/2026/02/femi-otedola-says-naira-could-strengthen-below-n1000-1-as-dangote-refinery-hits-full-capacity/): Dangote Refinery’s full production could ease dollar demand and push the naira below N1,000 per&hellip;
- [Kenya CMA Approves New Investment Bank, Stockbroker and Advisory Licenses](https://diutocoinnews.com/2026/02/kenya-cma-approves-new-investment-bank-stockbroker-and-advisory-licenses/): Kenya’s capital markets regulator has approved multiple new licenses to boost competition, liquidity, and investor&hellip;
- [Bank of Zambia Cuts Interest Rate to 13.5% as Inflation Slows](https://diutocoinnews.com/2026/02/bank-of-zambia-cuts-interest-rate-to-13-5-as-inflation-slows/): Zambia cuts interest rates again as inflation falls faster than expected and currency stability strengthens&hellip;
- [The $1M X Creator Winner Is Reportedly A Serial Rugger](https://diutocoinnews.com/2026/02/the-1m-x-creator-winner-is-reportedly-a-serial-rugger/): Crypto community questions $1M prize after serious on-chain fraud allegations surface against X contest winner.&hellip;
- [African Crypto Conversion Costs Surge Amid Low Market Competition](https://diutocoinnews.com/2026/02/african-crypto-conversion-costs-surge-amid-low-market-competition/): Digital currency promised cheaper transfers, but African users still face unexpectedly high conversion fees today.&hellip;
- [Nigeria Revenue Service Targets N40.7 Trillion Revenue in 2026 on Non-Oil Growth Drive](https://diutocoinnews.com/2026/02/nigeria-revenue-service-targets-n40-7-trillion-revenue-in-2026-on-non-oil-growth-drive/): Nigeria’s tax authority has raised the bar for 2026, setting an ambitious revenue goal to&hellip;
- [Robert Kiyosaki Chooses Bitcoin Over Gold and Silver as His Top Investment](https://diutocoinnews.com/2026/02/robert-kiyosaki-chooses-bitcoin-over-gold-and-silver-as-his-top-investment/): Robert Kiyosaki has reaffirmed his strongest investment conviction yet, naming Bitcoin as his single preferred&hellip;
- [Zimbabwe Approves First Regulated Asset Tokenisation Market](https://diutocoinnews.com/2026/02/zimbabwe-approves-first-regulated-asset-tokenisation-market/): Zimbabwe has approved its first regulated asset tokenisation pilot, opening blockchain-based investment access under strict&hellip;
- [Ghana SEC Limits Offshore Investments to Protect Cedi Stability](https://diutocoinnews.com/2026/02/ghana-sec-limits-offshore-investments-to-protect-cedi-stability/): Ghana’s securities regulator has tightened offshore investment rules to defend the cedi and reinforce macroeconomic&hellip;
- [Nigeria Fixed Income Market Sees Yield Decline as Liquidity Improves](https://diutocoinnews.com/2026/02/nigeria-fixed-income-market-sees-yield-decline-as-liquidity-improves/): Nigeria’s fixed-income market rallied as easing liquidity pushed Treasury bill and bond yields lower despite&hellip;
- [ATAF Calls for Practical, Capacity-Aware Crypto Tax Rules at OECD Global VAT Forum](https://diutocoinnews.com/2026/02/ataf-calls-for-practical-capacity-aware-crypto-tax-rules-at-oecd-global-vat-forum/): African tax authorities are pushing global policymakers to ground crypto taxation rules in real-world administrative&hellip;
- [Nigeria’s Central Bank Unveils New Institutional Strategy for Fintech Growth](https://diutocoinnews.com/2026/02/nigerias-central-bank-unveils-new-institutional-strategy-for-fintech-growth/): Nigeria is repositioning its fintech sector by shifting from startup-led growth to a stronger, institution-driven&hellip;
- [East Africa Exports Diversify as Indonesia, Italy, Greece Drive New Demand](https://diutocoinnews.com/2026/02/east-africa-exports-diversify-as-indonesia-italy-greece-drive-new-demand/): East Africa’s exports are rising as new Asian and European markets reduce reliance on China&hellip;
- [Bybit Africa Campus Ambassador Program Opens Applications for Students](https://diutocoinnews.com/2026/02/bybit-africa-campus-ambassador-program-opens-applications-for-students/): Bybit launches a campus ambassador program to help African students learn crypto, build Web3 skills,&hellip;
- [Kenya IMF Programme Raises Austerity and Social Spending Concerns](https://diutocoinnews.com/2026/02/kenya-imf-programme-raises-austerity-and-social-spending-concerns/): Kenya’s renewed IMF engagement sparks warnings over austerity risks, social spending cuts, and weakened budget&hellip;
- [EFCC Arrests Fake Crypto Platform Operator in Nigeria](https://diutocoinnews.com/2026/02/efcc-arrests-fake-crypto-platform-operator-in-nigeria/): Nigerian authorities have intensified their crackdown on crypto fraud following the arrest of a suspected&hellip;
- [Gold Price Surge vs Bitcoin Performance Explained](https://diutocoinnews.com/2026/01/gold-price-surge-vs-bitcoin-performance-explained/): Gold has stunned global markets, posting historic gains that rival Bitcoin’s entire market value in&hellip;
- [What Is a Stock Ticker? A Simple Explanation for Beginner Investors](https://diutocoinnews.com/2026/01/what-is-a-stock-ticker-a-simple-explanation-for-beginner-investors/): A stock symbol is a short code used to identify a company’s shares, making stock&hellip;
- [Wrapped Crypto Explained: How Digital Assets Travel Across Blockchains Without Losing Value<br>](https://diutocoinnews.com/2026/01/wrapped-crypto-explained-how-digital-assets-travel-across-blockchains-without-losing-value/): Wrapped crypto enables established digital assets to operate across blockchains, preserving value while unlocking speed,&hellip;
- [South Africa Central Bank Holds Interest Rate Steady Amid Inflation Concerns](https://diutocoinnews.com/2026/01/south-africa-central-bank-holds-interest-rate-steady-amid-inflation-concerns/): South Africa’s central bank has chosen caution, keeping interest rates unchanged while closely monitoring inflation&hellip;
- [Ghana Cuts Interest Rate to Four-Year Low as Inflation Falls](https://diutocoinnews.com/2026/01/ghana-cuts-interest-rate-to-four-year-low-as-inflation-falls/): Ghana’s central bank surprised markets with a deeper-than-expected rate cut, reinforcing confidence in slowing inflation&hellip;
- [Mozambique Cuts Interest Rates Again as Easing Cycle Nears End](https://diutocoinnews.com/2026/01/mozambique-cuts-interest-rates-again-as-easing-cycle-nears-end/): Mozambique has lowered interest rates for the thirteenth straight time, but mounting risks suggest monetary&hellip;
- [Africa Now Pays China More Than It Receives as New Lending Dries Up](https://diutocoinnews.com/2026/01/africa-now-pays-china-more-than-it-receives-as-new-lending-dries-up-2/): African countries are repaying more to China than they receive in new loans, deepening debt&hellip;
- [Africa Now Pays China More Than It Receives as New Lending Dries Up](https://diutocoinnews.com/2026/01/africa-now-pays-china-more-than-it-receives-as-new-lending-dries-up/): African countries are repaying more to China than they receive in new loans, deepening debt&hellip;
- [Quidax Shuts Down P2P Trading as Nigeria Tightens Crypto Rules](https://diutocoinnews.com/2026/01/quidax-shuts-down-p2p-trading-as-nigeria-tightens-crypto-rules/): Quidax has discontinued its P2P trading feature, highlighting how regulatory pressure is reshaping Nigeria’s fast-evolving&hellip;
- [Nigeria’s Market Liquidity Jumps 32% Despite CBN Tightening](https://diutocoinnews.com/2026/01/nigerias-market-liquidity-jumps-32-despite-cbn-tightening/): Nigeria’s financial system saw a sharp liquidity boost driven by treasury maturities, even as the&hellip;
- [NIBSS Explores Offline Payments to Expand Financial Inclusion in Nigeria](https://diutocoinnews.com/2026/01/nibss-explores-offline-payments-to-expand-financial-inclusion-in-nigeria/): NIBSS is developing offline payment options to include Nigerians without reliable internet access in digital&hellip;
- [Dividend Stocks Explained: Earn Passive Income While Your Money Works](https://diutocoinnews.com/2026/01/dividend-stocks-explained-earn-passive-income-while-your-money-works/): Dividend stocks provide regular cash payouts for holding shares, allowing your investments to grow steadily&hellip;
- [WalletConnect Explained: Securely Connecting Crypto Wallets to dApps](https://diutocoinnews.com/2026/01/walletconnect-explained-securely-connecting-crypto-wallets-to-dapps/): WalletConnect enables secure connections between cryptocurrency wallets and decentralized applications using encrypted links without exposing&hellip;
- [Ethiopia Seeks Investment Partners for Government-Led Bitcoin Mining Push](https://diutocoinnews.com/2026/01/ethiopia-seeks-investment-partners-for-government-led-bitcoin-mining-push/): Ethiopia is moving to formalise and expand its Bitcoin mining sector through a government-led public-private&hellip;
- [World’s Largest Public Bitcoin Holder Surpasses 700,000 BTC](https://diutocoinnews.com/2026/01/worlds-largest-public-bitcoin-holder-surpasses-700000-btc/): Strategy has expanded its Bitcoin treasury again, reinforcing its position as the world’s largest public&hellip;
- [CBN to Auction ₦1.15 Trillion Treasury Bills Amid Liquidity and Rate Uncertainty](https://diutocoinnews.com/2026/01/cbn-to-auction-%e2%82%a61-15-trillion-treasury-bills-amid-liquidity-and-rate-uncertainty/): Nigeria’s central bank returns to the market with a ₦1.15 trillion Treasury bills auction amid&hellip;
- [Obinna Iwuno Set to Exit as SiBAN President After Transformative Tenure](https://diutocoinnews.com/2026/01/obinna-iwuno-set-to-exit-as-siban-president-after-transformative-tenure/): Stakeholders in Nigeria’s blockchain and digital asset ecosystem are preparing for a leadership transition as&hellip;

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