LBank has conducted another blockchain training event in Nigeria in partnership with Litedex Protocol. As part of its efforts to drive development and adoption of blockchain technology in Nigeria, LBank, the top crypto exchange, recently organised “Abuja Blockchain Konnect 2022.” LBank believes that blockchain is a hot topic and sees
The inclusion of social sentiment data considerably influenced the indicator’s value. Nigeria’s decision to develop its own digital currency surprised many. eNaira was introduced by Nigeria’s central bank in October after the country prohibited the banking trade of cryptocurrencies in February last year. Compared to other countries, Nigeria was the
Decentralized cloud storage solutions were built to use the blockchain. There is a lot of data kept in one place, making them an ideal target for hackers. If everyone in the ecosystem contributes to developing the vital infrastructure, Web 3.0 can take off. That’s what Stoor co-founder Lucky Uwakwe says
Nigeria continuously acquiring crypto despite govt crackdown After a big public protest, Nigeria faced serious pressure. At present Nigeria exploring the development of CBDC. African country Nigeria, continuously acquiring cryptocurrency, even though government crackdown with peer-to-peer (P2P) trade volume for Bitcoin (BTC) posting its second strongest week on record last
There have been almost six months since the CBN directed banks to stop serving customers in the bitcoin sector. While the approach appears to have succeeded in removing crypto companies from the banking system, peer-to-peer commerce has increased. Some analysts suggest that Nigeria remains unrivaled as the largest African bitcoin
-Nigeria needs to regulate crypto, not ban says VP.-Osinbajo said crypto in the coming years will challenge financial banking. -The utilization of bitcoin has boomed in Nigeria in recent years. Nigeria’s Vice President (VP) Yemi Osinbajo said the country’s central bank and securities regulator has to find ways to regulate
-Nigeria SEC collaborates with CBN to Regulate crypto market.-Regulators in Nigeria cannot ignore the $1.74T crypto market.-CBN and SEC also work with other Federal agencies.-In order to develop a national regulatory approach to cryptos in Nigeria. According to a report by Premium Times, the Central Bank of Nigeria (CBN) and
-Binance has suspended Nigerian deposits.-Following the new request of the Central bank of Nigeria (CBN) to boycott cryptocurrencies and crypto trade.-Nigerians voiced their uneasiness utilizing the hashtag #WeWantOurCryptoBack multiple times. Digital currency exchange Binance suspended Nigerian deposits. Following the new request of the Central bank of Nigeria (CBN) to boycott
As global economic uncertainty accelerates, institutional participants redirect liquidity toward real-world asset tokenization and decentralized digital infrastructure. Qubetics has emerged as a pivotal player in this climate, offering enterprise-grade interoperability through its modular security framework and Non-Custodial Multi-Chain Wallet. The U.S. Treasury’s recent announcement on programmable finance and the Bank
Singapore has issued a firm directive to unlicensed digital asset service providers operating from its jurisdiction. The Monetary Authority of Singapore (MAS) has enforced a strict June 30 deadline for these firms to either obtain licenses or cease operations immediately. This includes companies that serve only offshore customers but operate
