Paxful: Nigerians Defy CBN's Ban as Bitcoin Transactions Double in May  Despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country,  Paxful, a cryptocurrency trading platform, has reported a surge in weekly transactions on its Lightning Network. According to the trading platform, the...

Nigerian Bitcoin Traders Lament Losses As Value Drops By 52%   Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the market value of Bitcoin. Since the turn of the year, BTC has lost 52.84 per cent of its market value, wiping...

Cryptocurrencies Worth N2 billion Donated to Ukraine Globally With the Russian invasion intensifying, the world has united to defend the embattled Ukraine in an unprecedented manner. Financial assistance from around the world has increased in the past 72 hours for the Ukrainian government. Billions donated in...

Bitcoin’s Market Cap Loses $264.28bn In 50 Days   The market capitalisation of bitcoin, the world’s most popular cryptocurrency, fell by $264.28bn in 50 days. The market cap of BTC rose by $250.36bn in October to close at $1.16tn. BTC rose to a high of $67,566.83 on November...

eNaira More Reliable Than Cryptocurrency - CBN   The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to sensitise stakeholders and the general public in Abia and...

Nigeria’s Cryptocurrency and Digital Currency Debate, by Inyene Ibanga     Early February this year, the Central Bank of Nigeria (CBN) released a circular to banks and financial institutions, warning that transactions in and facilitating payments for cryptocurrency exchanges were prohibited. The CBN further directed all banks and...