crypto Archives - Page 4 of 42 - Cryptotimes Africa

Nigerian Crypto Shakeup: Will Delisting Naira from P2P Save the Currency?

by Terry Kunle May 17, 2024

Nigeria's recent move to delist the Naira from peer-to-peer (P2P) crypto trading platforms has sent shockwaves through the African crypto community. The stated goal? To combat alleged manipulation of the Naira's exchange rate. But will this bold step truly strengthen the Nigerian…

News

Why Crypto Exchange platforms are delisting Naira from P2P (peer-to-peer)

by Terry Kunle May 17, 2024

Nigerian authorities, including the Office of the National Security Adviser (NSA) and the Securities and Exchange Commission (SEC), are cracking down on the use of Naira in P2P crypto trading. Platforms like KuCoin have already begun delisting Naira as a trading option…

News

Furex crowns Top Traders at Leaderboard Challenge Prize Presentation in Lagos

by Terry Kunle May 14, 2024

Furex Technologies, a leading digital finance platform, recently hosted its highly anticipated Leaderboard Challenge Prize Presentation Event at the prestigious Gazzy Lagos Restaurant in Lekki. The event, which took place on May 3, 2024, brought together traders from across Nigeria to celebrate…

News

Huawei Cloud Partnership Expands Cardano’s Web3 Reach in Asia and Africa

by Terry Kunle April 15, 2024

A significant partnership has formed between Huawei Cloud, a global leader in cloud computing, and EMURGO, a founding entity of the Cardano blockchain. EMURGO made a formal announcement on April 11th, revealing its new partnership with Huawei. The alliance aims to accelerate the development…

Bitcoin

BITCOIN | As Bitcoin Open Interest Breaks ATH, Analyst Warns That “The Crypto Market is Getting Away with Itself”

by Crypto Oracle March 7, 2024

On March 4, 2024, open interest in Bitcoin reached $31 billion, breaking the previous high of $24.3 billion established on April 14, 2021. Analysts are urging caution due to the increase in open interest, drawing comparisons to the bull market of 2021.…

Coins News

Memes Inspired by Biden and Trump Take Center Stage with 10,000% Gains in Solana’s Meme Coin Surge

by Crypto Oracle March 6, 2024

A new wave of meme coins modeled after politicians and celebrities is gaining popularity as Solana meme coins like Dogwifhat (WIF) and Bonk (BONK) soar in value. These coins have daily increases in the thousands of percent. While BONK and WIF are…

Bitcoin News

Uncovering a $100 million cryptocurrency scheme in Myanmar What is happening?

by Crypto Oracle February 25, 2024

A fresh fraud case has been revealed by Midjourney Chainalysis. The scam involves a single organization that operates out of a compound in Myanmar and defrauded people out of over $100 million in less than two years. The company carried out a…

News

REPORT | Cryptocurrency-Based Money Laundering Drops Significantly in 2023, Fiat Off-Ramping Is “Important in AML,” As Chainalysis puts it

by Crypto Oracle February 24, 2024

An upcoming analysis by Chainalysis shows that in 2023, illegitimate addresses transmitted $22.2 billion worth of cryptocurrencies to services—a substantial decline from the $31.5 billion sent in 2022. A portion of this decline could be linked to a general decline in the…

News

Regulation: Cryptocurrency Operators in South Africa May Soon Be Required to Report Transactions Over $2,650

by Crypto Oracle February 23, 2024

According to a recent budget analysis, South Africa is thinking of amending the Financial Intelligence Centre (FIC) Act to require the reporting of all cryptocurrency transactions that surpass 49,999 South African Rand ($2,650). According to the FIC Act, responsible institutions must notify…

Coins

Kenyan cryptocurrency NuruCoin shuts down after losing billions of dollars in investments

by Crypto Oracle February 18, 2024

A Kenyan cryptocurrency called NuruCoin, which gained a lot of traction in the first part of 2018, has reportedly shut down after raising KES 2.7 billion, or roughly $27 million, from investors. A local daily claims that NuruCoin used a multi-level marketing…