Bitcoin broke a new high of $71,415, three days after Ether breached the $4,000 mark for the first time since 2021. Bitcoin reached a new all-time high of $71,415 on March 11, after rising 2.62% in the 24 hours leading up to 08:05 am UTC. The world’s first cryptocurrency rallied over 10% during the past […]
Nigerian authorities have reportedly detained two senior executives at Binance in a bid to clamp down on naira speculation. As reported by the Financial Times (FT), Binance’s two senior executives have been arrested upon arrival to Nigeria by the Office of the National Security Adviser after the country imposed a ban on multiple crypto exchanges. While the […]
Digital payments giant Visa finally dipped its toes in the cryptocurrency world as it announced that it is currently testing stablecoin settlements on its platform. The information came directly from Visa’s head of the crypto division Cuy Sheffield who confirmed the company’s move at the StarkWare Sessions 2023. Currently, the payments giant is building a […]
The most populous nation on the African continent, Nigeria, has finally officially revealed that it intends to publish a legislative framework that would regulate stablecoins and initial coin offerings (ICOs), a recent report from the country’s central bank shows. Given that stablecoins have a good chance of becoming a successful payment method in the nation, the report asserts that […]
The proposed partnership aims to build a crypto-friendly digital city similar to the virtual free zone in Dubai. The Nigerian government has held a preliminary meeting with crypto exchange Binance to potentially establish a special economic zone aimed at supporting crypto and blockchain-related businesses. According to a Friday post from the Nigeria Export Processing Zones Authority (NEPZA), […]
The Chinese government’s long-running battle against crypto took a drastic turn earlier today when the country’s central bank said all cryptocurrency-related transactions are illegal and must be banned. The announcement has seen the price of BTC plummet from $45,200 to $42,675 in the space of two hours. The People’s Bank of China on its website […]
Ubong Abasi
