Tag: Nigeria
Nigeria’s FIRS Accuses Binance of Tax Evasion: The Unfolding Legal Battle
The FIRS has accused Binance of a litany of offences, including failure to pay Value-Added Tax (VAT) and Company Income Tax.
The situation...
Strike Africa: Transforming Financial Landscapes with Bitcoin
Strike has unveiled its plan to branch beyond the United States and El Salvador.
Strike's blog post outlines its achievements and hints...
Crypto Crackdown in Nigeria: Balancing Economic Stability and Innovation
Nigeria has blocked access to prominent crypto-based entities like Coinbase, Binance, and Kraken to boost its failing fiat currency.
As per officials, the...
Ponzi Scheme Redux: MMM Krypto Raises Concerns, Triggers FSCA Warning
The resurgence of MMM has prompted the FSCA in South Africa to issue a warning about the scheme's alluring promises of unrealistic returns.
...
Nigeria’s Crypto Renaissance: ASC’s cNGN Stablecoin Signals Progress in Web3
On January 4, the ASC officially announced the launch of the cNGN stablecoin scheduled for Tuesday, February 27, 2024.
The success of the...
Metamask partners with Eygpt’s Vodafone Cash as plans for growth in Africa
MetaMask has launched a novel 'sell' feature in its mobile app, explicitly benefiting users in Nigeria and Egypt.
The partnership between MetaMask and...
Akowe’s Blockchain solution revolutionizing academic verification in Nigeria
Lagos-based startup Akowe has developed a blockchain-based platform that promises to revolutionize the issuance and verification of academic records.
Central to Akowe's innovative...
Nigeria and South Africa: Leaders of the Crypto and Web3 Revolution in Africa
A staggering 99% of South Africans and 98% of Nigerians have heard of cryptocurrencies, surpassing all other countries in the YouGov study on...
Nigeria cryptocurrency exchange Patricia attracts massive scrutiny
Patricia's launch of its native token PTK has raised concerns due to past security breaches and fund access issues
Users are skeptical about...
CBDCs vs. Cryptocurrencies: Clash of the digital currency titans
Bitcoin was the first cryptocurrency adopted by an African nation as legal tender; Africa's first CBDC was Nigeria's eNaira.
Even though the CAR...
Binance Declared “Illegal” by Nigeria’s SEC
Nigeria's Securities and Exchange Commission (SEC) declared the exchange and its subsidiary, Binance Nigeria Limited, "illegal."
The SEC's primary contention is that Binance...
How the metaverse and NFTs could boost Africa’s economic growth
The metaverse evolution supports outstanding creativity and opens new prospects for businesses, brands, and the community. In Africa, vibrant tech start-up environments are already propelling job creation and economic progress. In the future, they will contribute to shaping and inventing technologies that will revolutionise how people live and work and influence the common digital future.
Discover Africa’s leading country for Crypto: Which nation takes the lead?
As a continent with 54 countries, there is natural interest to see which country will have the most cryptocurrency users per population and...
Binance adds Nigerian Naira (NGN) support
Binance announced via Twitter and their website that it would now provide a Nigerian Naira fiat payments gateway
Nigeria is the biggest user...
Bitcoin mining vs bitcoin buying: What is more profitable for Africans?
The continent has decent speed in internet connection and limitless renewable energy sources that can sustain bitcoin mining in Africa
If the African...
One year into Nigeria’s adoption of the eNaira
The eNaira has been crippled by low adoption, poor utility and the problems of the fiat Naira
The CBDC was launched under the...
