Cryptocurrency: Bitcoin Loses Market Share       Ethereum is giving Bitcoin, the world’s most popular cryptocurrency, a hard chase in the crypto market. Ethereum is now valued at $3,000 and makes up 15 per cent of the crypto market, according to tracker CoinGecko. Bitcoin is valued above $58,000 and...

Cryptocurrency: Traders Seek Six-month Suspension Of CBN’s Restrictions       Cryptocurrency operators are seeking temporary suspension of restriction on their trade. They (traders) have appealed to in the Central Bank of Nigeria (CBN) to partially suspend the ban for six months. In a report titled: “Much ado about cryptocurrency...

CBN, SEC Anchor Cryptocurrency Ban On Financial System Protection     The Central Bank Governor, Mr Godwin Emefiele, on Tuesday said the bank’s decision to prohibit deposit money banks, non-banking institutions and other financial institutions from facilitating trading and dealings in cryptocurrency was in the best interest of...

IMF Supports CBN On Cryptocurrency Ban       The International Monetary Fund (IMF) has confirmed that some crypto currencies were being used for money laundering and drug trafficking. This confirmation from the IMF thus corroborates what the Central Bank of Nigeria (CBN) has been saying about cryptocurrency transactions...

Cryptocurrency: Senate Summons Emefiele, Yuguda Over Ban       The Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to invite the Governor of the Central Bank of Nigeria, Godwin Emefiele to brief it on the recent ban...

Banks Begin Closure Of Cryptocurrency Accounts       The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks close their accounts. The founder and lead, Cryptopreacher Blockchain Academy, Rume Ophi, yesterday, said commercial banks had notified cryptocurrency...