'Femi Michael, Author at Cryptotimes Africa

Crypto, Nigerian SEC Cranks Up the Heat on Exchanges

by 'Femi Michael December 31, 2023

Amid Nigeria’s crypto regulations, concerns arise over SEC’s stringent terms, potentially reshaping the landscape for local exchanges.Read more on DailyCoin: https://dailycoin.com/nigerian-sec-cranks-up-heat-local-crypto-exchanges/ The Nigerian crypto market has been facing potential upheaval due to stringent SEC licensing. High minimum capital requirements have threatened the…

Industry

eNaira ranks, despite crypto banned in the Nation

by 'Femi Michael December 30, 2023

Nigerian tech and innovation legal expert Chinedu Albert said eNaira adoption will only happen when the government gains the trust of Nigerians and the naira attains a more trusted status. The Central Bank of Nigeria’s 2021 ban on regulated financial institutions from…

Article

How Nigeria stepped up its AI game in 2023

by 'Femi Michael December 30, 2023

In 2023, Nigeria embraced AI with initiatives like a national curriculum, strategy and scholarships. Here are the most significant innovations and crypto-related progress. There is no debating that 2023 was the year of artificial intelligence, with AI on everyone’s radar, including Africa’s…

Industry

2024, Bitlink unveils plan to expand Web3 space

by 'Femi Michael December 30, 2023

Bitlink Exchange, a Singapore-founded crypto exchange trading platform, has expanded its operations into Africa focusing on Nigeria with clear intentions to spread into other African countries by 2024. This bold move is predicated on its mission which is to deepen Web-3 adoption by leveraging cryptocurrency innovation and blockchain solutions starting with the Nigerian ecosystem. According to the…

Article Bitcoin

BTC uproars by 120% above in 2023

by 'Femi Michael December 30, 2023

As 2023 comes to an end, the cryptocurrency market is celebrating another remarkable year of growth and innovation. Among the top performers, bitcoin stands out as the undisputed leader of the pack, having increased its value by more than 150% since January.…

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Crypto Has Become a Haven for Degen Gamblers

by 'Femi Michael December 30, 2023

“Degen gamblers can be okay in moderate doses, and I have talked to plenty of people at events who were motivated to join crypto for the money but stayed for the ideals. But when they are the largest group using the chain…

News

Invesco Galaxy, Bitwise, and Others in Last-Minute Rush for Bitcoin ETF Approval

by 'Femi Michael December 30, 2023

In a significant development in the cryptocurrency investment sphere, major players like Invesco Galaxy, Bitwise, WisdomTree, and Fidelity have joined the race to secure a spot for their Bitcoin exchange-traded funds (ETFs). Kernel News has learned that these companies, along with others…

Industry

India takes steps to block Binance, Huobi, other global crypto

by 'Femi Michael December 29, 2023

India’s Financial Intelligence Unit is requesting to block the URLs of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex. India’s Financial Intelligence Unit had issued compliance notices to nine foreign virtual digital asset service providers for allegedly operating illegally…

News

2024, Nigeria Banks Set To Launch Compliant Naira Stablecoin

by 'Femi Michael December 29, 2023

Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024. Naira Stablecoins The concept of a Naira stablecoin has…

News

Trending meme coin presale offers 10% Xmas bonus

by 'Femi Michael December 29, 2023

Analyst predicts 385,464% surge to $2,500 for XRP based on banker insights. MMTR token presale gains traction at Stage 10, raising $2,570,575. Memeinator has introduced a 10% Xmas bonus for $5K+ purchases. Ripple’s XRP and the Memeinator meme coin are capturing the attention of…