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What Would Happen If Aliko Dangote Buys Into the Ethereum (ETH) in Circulation?
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.
Posted inNEWS
IMF Persuades Nigeria to Speed Up Naira Exchange Rate Unification.
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.
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Tatcoin Presale Update: You Can Now Buy Tatcoin on Abitnetwork With Only 9,125 Naira.
Following the end of the Tatcoin presale on April 30, 2020. The presale target was…
Deepening Financial Inclusion With Affordable Fintech Powered Blockchain PSBs in Nigeria
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.
Posted inNEWS
The US Unicorn Crypto Exchange, Coinbase Goes Offline Following the Increase in the Price of Bitcoin.
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.
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
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.
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South Africa Post Office (Sapo) Plans to Rollout 10,000 Cashless ATMs Until the Next Four Months.
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.
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Following the Increase in Ethereum Powered Ponzi Schemes, Nigeria Leads the Google Search Trends Data for the Word Ethereum in Africa.
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.
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Banking Crisis: Nigeria Banks Looking to Increase Earnings From Fintech Following the Increase in Debt Owed by Independent Oil Producing Firms.
Nigeria Banks is looking to increase earnings following the pressure on banks' earning due to the unpaid loans owed by independent oil producing firms.
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UEMOA Plans to Issue $1.4Billion 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).
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Crypto Friendly Economist, Prof Charles Soludo on How Nigeria and Africa Can Save the Economy During COVID-19
“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.
Paylot, African's Focused Crypto Payment Gateway Service Provider Integrates BNB and BUSD for Merchants.
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World Bank: Remittance to Nigeria and Other Low and Middle-income Countries to Drop by 19.7 Percent.
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.
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Federal Government of Nigeria Begins Disbursement of Stimulus Package Using Banks, But Crypto not Welcome.
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.
Posted inCyber Security NEWS
Ponzi Schemes: Cryptocurrency Wallet Users Increase in Nigeria Following the Increase in Pyramid Schemes Like Million Money Investment.
Results show that a good number of Nigerians opened new Cryptocurrency Wallets in other to invest in ponzi schemes and other money doubling schemes.
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Newly Launched WordPress Plugin Allows Anyone to Launch Crypto Exchange Powered by Totle.
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.
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Bitcoin ATM in Africa (Full List): South Africa Records Highest Number of Bitcoin Teller Machine Followed By Ghana.
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.
Posted inFeatures
Blockchain4Covid19: A Cryptocurrency Aid Charity Program Launches to Combat COVID-19.
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
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Experts Want Paystack to Use Blockchain in Keeping Transaction Records Following the Launch of Paystack’s “Transaction 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.
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South Africa Releases 30 Recommendations for Cryptocurrency Regulations in Compliance With FAFT Standards.
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.
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China to Form National Blockchain Committee With Tencent, Huawei, Baidu and Others.
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
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.
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.
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.
