Nigeria Archives - Page 8 of 12 - Cryptotimes Africa

Nigeria accounts for 67% of Africa’s cryptocurrency interests in H1 2023

by 'Femi Michael July 20, 2023

South Africa which ranked a distant second had an 8.36% interest in cryptocurrencies Nigeria accounted for “the highest level of crypto interest” in Africa, with a share of 66.8%. This is according to the most recent Coingecko Africa crypto report, The West…

Industry

Nigeria Takes the Lead in Crypto Interest in Africa, Says CoinGecko Report

by Terry Kunle July 18, 2023

A recent research report released by CoinGecko, a price tracking firm, reveals that Nigeria has displayed a higher level of interest in crypto assets like Bitcoin and Ethereum compared to any other country in Africa. Year-to-date data breakdown demonstrates that Nigeria accounts…

News

Binance Issues a Cease and Desist Notice to Binance Nigeria Limited

by Terry Kunle July 18, 2023

Binance has taken formal action by issuing a cease and desist notice to the deceptive organization operating under the name Binance Nigeria Limited, CEO, Changpeng Zhao (CZ), has said. Binance have issued cease & desist notice to the scammer entity "Binance Nigeria…

Industry

This Is How Scammers Can Drain Your Crypto Wallet

by Crypto Oracle July 14, 2023

Scammers spun up at least 7,905 blockchain wallets in May to collect crypto they steal from ordinary users, according to a blockchain security company Forta Network. Forta, which has recently launched its own token, operates a network of bots that detect various kinds…

Industry

Crypto interest in Nigeria remains high, accounting for 67% of Africa’s interest

by Crypto Oracle July 10, 2023

Nigeria has shown more interest in crypto assets like Bitcoin and Ethereum than any other country in Africa, according to a research report just released by price tracking firm CoinGecko. A Year-to-date, data breakdown shows that Africa’s most populous country accounts for…

News

Nigeria’s inflation rate increased by 1.13% in May over the same month last year due to rising food prices.

by Ridwan Ridwan July 5, 2023

Food inflation in Nigeria increased by 1.13% year over year to 24.19%, with important products including beef, tomato, and rice seeing the biggest increases. The National Bureau of Statistics recently produced a report titled "Selected Food Price Watch" for May 2023, which…

News

IMF advises Nigeria to take into account integrating mobile money to speed up the slow adoption of the eNaira.

by Ridwan Ridwan July 2, 2023

The Central Bank Digital Currency (CBDC) of Nigeria has had relatively little traction more than a year after its introduction, which has disappointed the International Monetary Fund (IMF). The wallet downloads initially had some success, reaching 500,000 units in the first 25…

Bitcoin Coins De-Fi News

The role of cryptocurrencies in sub-Saharan Africa

by Dekunle Crypto July 1, 2023

Even while only 2% of all cryptocurrencies' value is spent on the African continent, their explosive growth will change how money is spent in a sub-Saharan Africa that is becoming more urban and digital. In fact, according to a recent research by…

Bitcoin Coins News

Triple-A data says 22 million Nigerians own crypto

by Dekunle Crypto June 29, 2023

The younger generation in Nigeria is particularly enamored with cryptocurrency. That is old news already. There is no doubting that the emerging blockchain technology in Nigeria is viewed as a liberating tool for financial freedom. However, it is challenging to accept some…

Coins

Stellar spikes 12% to hit 70-day high, outperforming top 100 coins

by Crypto Oracle June 29, 2023

Stellar's strong price performance sees it lead the top 100 coins. Stellar (XLM) led the top 100 coins going into June 28, holding on to 9% gains over the last 24 hours as of press time. The chart below shows the price…