Nigeria Archives - Page 10 of 12

Sports betting has seen a sharp increase in popularity in recent years, and with the emergence of cryptocurrencies and blockchain technology, crypto sports betting is seeing significant growth. It has completely changed how fans interact with their favorite games and how they…

News

Following successful tests in Kenya, Mozambique, and Nigeria, World Mobile will provide decentralized wireless mobile technology.

by Ridwan Ridwan June 19, 2023

To reward network node operators, the company uses the World Mobile Token ($WMT). The CEO of World Mobile revealed exclusively to BitKE that the Cardano blockchain is the foundation for the currency. The owner of a decentralized wireless (DeWi) network, World Mobile,…

News

Zhao Calls Binance Nigeria Limited A Scam

by Terry Kunle June 19, 2023

Changpeng Zhao, the Chief Executive Officer of the global cryptocurrency exchange platform, Binance, has declared Nigeria's subsidiary of the platform as a scam entity. Zhao made the declaration on Sunday via his Twitter handle. The Binance boss wrote, “Binance has issued cease…

Industry

Binance Under Investigation in France for Alleged Money Laundering

by Crypto Oracle June 18, 2023

Binance, the largest crypto exchange in the world, continues to face a series of challenges and legal scrutiny. Following a lawsuit in the United States and being denied a license in the Netherlands, the exchange is now under investigation by French authorities. According to…

News

As the naira depreciates by 36%, Nigeria formally unifies its foreign exchange trading rates.

by Ridwan Ridwan June 15, 2023

Before the Central Bank of Nigeria implemented a controlled exchange rate in 2017, this is the first significant decline in the Naira's value since 2016. In response to allowing the official exchange rate of the Naira to lose 36% of its value,…

Industry

CBN floats the Naira as banks offer $1 for N700

by Terry Kunle June 14, 2023

Days after President Tinubu spoke about the need to unify Nigeria’s exchange rate, Nigeria’s Central Bank appears to have instituted a managed float . In a move away from a fixed foreign exchange policy, Nigeria’s Central Bank has loosened control of rates…

News

NearPays, a Nigerian Startup, Emerges as Winner of the First Gitex Africa Fintech and Blockchain Award in Morocco

by Terry Kunle June 13, 2023

NearPays, a comprehensive financial payment platform that provides end-to-end financial services to its clients, successfully outperformed strong competitors and claimed the $10,000 prize. The Gitex Africa Supernova Challenge stands as one of the largest pitch competitions in Africa, offering a substantial cash…

Industry

SEC bans Binance operation in Nigeria, declares it illegal entity

by Terry Kunle June 10, 2023

The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms. Binance Nigeria Limited is neither registered…

Industry

SEC bans Binance operation in Nigeria, declares it illegal entity

by Crypto Oracle June 10, 2023

The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms. Binance Nigeria Limited is neither registered…

Industry

World Mobile eyes African rollout after decentralized wireless field tests

by Terry Kunle June 10, 2023

Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique and Nigeria, bringing it closer to a full rollout across the African continent. World Mobile, which aims to offer…