Navigating the world of cryptocurrency and gift card trading in Nigeria presents several challenges. Traders often face issues like the volatility of digital currencies, making it difficult to convert them into Naira at the right time without incurring losses. Additionally, reliable platforms for redeeming unused gift cards into cash are limited, leaving many users frustrated. […]
BY MOTOLANI OSENI Cryptocurrency traders, worldwide, lost $1.4 billion to hackers in the first half of this year, according to analysts at the cryptocurrency analytics company TRM Labs. According to the report, the total amount of money that hackers took from January to June 2024 more than doubled that of the previous year over the […]
In the vibrant heart of Nigeria, a dedicated group of visionary entrepreneurs has united under a common mission – to empower Nigerians to engage in cryptocurrency trading seamlessly, all while nurturing trust and innovation. This collective effort has given birth to TransferXO, a name now synonymous with transparency, innovation, and the future of cryptocurrency trading. […]
Cryptocurrency, Omilana Adekunle John’s goal was to become an Instagram influencer when he started using social media but the lack of a sophisticated phone with a clean camera made her settle for Twitter. In this interview, the social media influencer talks about how he achieved the same goal and became popular with the name “Dehkunle […]
Adidas, the global sportswear manufacturer, is going all-in on crypto, announcing a partnership with Nasdaq-listed cryptocurrency exchange Coinbase, in the same week that it decided to splurge big on a plot of land in the blockchain-based virtual gaming world of The Sandbox. While neither announcements offer any details whatsoever and do little to indicate if […]
The hacker behind one of the largest cryptocurrency heists to date has returned almost half of the $600m (£433m) stolen assets. On Tuesday, the firm affected, Poly Network wrote a letter on Twitter, asking the individual to get in touch “to work out a solution”. The hacker then posted messages pledging to return funds, claiming […]
As governments across the world continue to study the essence and rise of bitcoin and other cryptocurrencies, the latest country to decide on creating its own digital coin is the United Kingdom. The new British cryptocurrency will be funded by the government and used by individuals and companies to transact, but the UK government has […]
We already know the drastic boom that cryptocurrency has brought to Nigeria in the last few years. The country is gradually growing digital by reducing the use of traditional money for day-day transactions. From the time when Nigerians once used to struggle with daily wages to today when they own whopping assets in the country. […]
Today more cryptocurrency tradings occur in Nigeria than anywhere else in this digital world. People of Nigeria are adopting crypto tradings aiming to improve their economic situations. Tola Fadugbagbe, the crypto investor, stated that “There is no Nigerian who adopts cryptocurrency and then wants to look back. It is an extremely significant opportunity.” Recent estimates […]
Today, cryptocurrency is an enormous finance and economic stabilizer as it has stabilized several countries’ worst financial and economic conditions. Every corner of the world is well-aware of its perks and advantages. Few years ago, only the developed countries utilized the cryptocurrency trade system. However, till now, its root has expanded throughout the world. Every […]
The Internet has made it much easier to make money. The best and most reliable source of income nowadays on the Internet is the cryptocurrency trade. Cryptocurrency is a digital currency which you can use to trade to pay for online services, goods, and even earning profits. However, you need the right skills and knowledge […]
Cryptocurrency has played an enormous role in Africa, especially Nigeria in balancing its financial and economic conditions. In Africa, Nigeria is the second biggest market to hit millions of trading with bitcoin. However, due to some problems, the Central Bank of Nigeria banned all cryptocurrency trade. On February 5, 2020, The Central Bank of Nigeria […]
It has been a little over a decade now since Bitcoin was created by the mysterious Satoshi Nakamoto. Bitcoin was the first cryptocurrency and it remains to be the most famous and well-known digital currency around the world. Despite all of this, it is important to note that Bitcoin isn’t the final word when it […]
Vice President Yemi Osinbajo says rather than adopt a policy that prohibits cryptocurrency operations in the country, “we must act with knowledge and not fear” and develop a robust regulatory regime that is thoughtful and knowledge-based. Osinbajo stated this in a keynote address delivered virtually at a one-day economic summit organized by the Central Bank […]
By Tunde Opalana Regulators of the nation’s financial sector on Tuesday unanimously kicked against trading in bitcoin and other forms of cryptocurrency. Led by the Central Bank of Nigeria (CBN) governor, Dr. Godwin Story on page 4 Story on page 3 Lagos State government and the leadership of Nigerian Ports Authority (NPA) have recorded progress […]
Cryptocurrency is a type of payment that can be exchanged digitally for goods. Several companies have recently launched their currencies, also known as coins, which can be traded directly for the company’s goods or services. There are over 6,700 different digital currencies that are publicly traded. On January 27, 2021, the total volume of all […]
The emergence of cryptocurrency in the trading environment has become popular among investors. The cryptocurrency trading is now strengthening its ground every day with more and more people getting attracted towards it. This Article will help you to understand the legal environment of cryptocurrencies and how safe it is to invest in digital currencies considering […]
One of the biggest bits of news in the crypto space to emerge over the last month or so came from Nigeria, where the country’s central bank introduced a ban on cryptocurrency trading. This came as quite a shock to the crypto sector, since Nigeria has been one of the biggest adopters of crypto globally. […]
In 2009, when Bitcoin came into existence, the concept of cryptocurrency was highly unpopular, and its impact on the economy was overt and subtle. It has been over a decade since it has been existing; this digitized form of money has taken the shape of either tokens or coins, which are being used as a […]
Bitcoin is a form of cryptocurrency that was created to allow a single transaction to be mined in under 10 minutes. Digital currency is encrypted, which means it employs a special encoding that allows for the monitoring of coin production and transfer confirmation. Another difference between virtual currency and conventional financial institutions is that traditional […]