Terry Kunle, Author at Cryptotimes Africa

News

Central Bank of Nigeria reverses decision to centralize Open Banking efforts with NIBSS following industry feedback.

by Terry Kunle March 29, 2023

The central bank of Nigeria has reversed its decision to centralize its Open Banking efforts with NIBSS, the national payment settlement mechanism. The decision was reversed after intense consultations with industry players. The central bank has aligned with the "Open" aggregation…

Interview

Bitget Invests $30M in DeFi Wallet Bitkeep – Bitget Managing Director Gracy Chen

by Terry Kunle March 28, 2023

In an interview held recently Bitget Managing Director Gracy Chen revealed that Bitget invested $30M in DeFi Wallet Bitkeep. She also spoke on Bitget flagship product copy trading and others and how the company is disrupting the crypto industry. Excerpt: Hi Gracy,…

News

Re-unveiling Cassava Network: Building Africa’s Gateway to Web3

by Terry Kunle March 28, 2023

Cassava Network re-unveiled its mission to onboard Africans into Web3 Here are some key things you should know Cassava, the widely cultivated starchy root crop, is a vital food source for 65% of Africa's population. Inspired by the importance and broad appeal…

Coins

US charges fugitive crypto exec Do Kwon with eight counts of fraud

by Terry Kunle March 24, 2023

Do Kwon, the founder of Terraform Labs, has been charged with multiple counts of fraud, including wire fraud, securities fraud, commodities fraud, and conspiracy to defraud and manipulate markets, by federal prosecutors in the Southern District of New York. The charges were…

Industry

CBN Releases Names of 10 Digital Banks Licensed to Operate as MFBs, Issue POS Services

by Terry Kunle March 24, 2023

Digital banking is becoming increasingly popular in Nigeria as operators harness the best technological tools to address the transaction challenges faced by Nigerians. In addition, digital payment platforms have been authorized by the Central Bank of Nigeria to provide microfinance banking and…

Industry

How Nigerian Cash Shortage Spurs 63% Increase in Digital Currency Adoption”

by Terry Kunle March 23, 2023

Nigeria has experienced a cash shortage, leading to the surge in popularity of eNaria, the country's digital currency. The head of the Central Bank of Nigeria (CBN) reported a 63% increase in eNaria transactions to 22 billion naira ($47.7 million), and 13…

News

FTX seeks to recover $460M from Bankman-Fried-backed VC firm

by Terry Kunle March 23, 2023

FTX, a bankrupt cryptocurrency exchange, is attempting to recover $460 million in allegedly misused customer funds from Modulo Capital, a venture capital firm that received a substantial investment from Alameda Research in 2022. Alameda Research, which is FTX's sister trading firm,…

News

Marcus Swanepoel Steps Down As CEO Of Crypto Exchange Luno

by Terry Kunle March 23, 2023

Luno, a cryptocurrency exchange, has announced that its CEO, Marcus Swanepoel, will be stepping down and taking on the role of executive chairman. The position of CEO will be filled by the head of operations as Luno's parent company, Digital Currency Group,…

News

Microsoft Edge Browser Testing Built-in Crypto Wallet: Latest Update on Microsoft’s Crypto Development

by Terry Kunle March 23, 2023

Microsoft is reportedly developing a cryptocurrency wallet for its Edge browser amid a struggling crypto market. The company has been testing the built-in crypto wallet internally and plans to eventually release it to the public. The new feature promises to simplify…

uncategorized

The Kenya Shilling Hits a New Low as Dollar Scarcity Bites – a 12% Drop in Value in 12 Months

by Terry Kunle March 21, 2023

As fears grow about the scarcity of the US currency and its potential effects on the economy of East Africa, the Kenya Shilling has dropped to a new low of 129 Kenya Shillings (KES) against the US dollar. In the past year,…