Cryptocurrencies

The price of bitcoin crashed on Wednesday morning, dropping by thousands of dollars in the space of just a few minutes. The cryptocurrency fell below $59,000 following the flash crash, down more than $5,000 from the levels it was…

Lagos Business School Alumni financial market coach and entrepreneur, MAYOWA OWOLABI is a veteran trader and coach with over 10 years’ experience from Forex to Cryptocurrency. In this interview with The Nigerian Xpress, he speaks about…

Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry's history. A vulnerability in Poly Network allowed the thief to make…

A new report reveals that Nigeria’s Bitcoin trading volume surged to a record high of $38 million in June 2021. Data sourced from two peer-to-peer P2P exchanges indicated that Nigerians’ interest and usage of cryptocurrencies continued to…

Cryptocurrency investors in South Africa may have lost nearly $3.6 billion in Bitcoin following the disappearance of two brothers associated with one of the country’s largest cryptocurrency exchanges. According to Bloomberg, a law firm in…

Pascal Oparada "Bitcoin has come to stay," Johnson Okebiyi, tech and blockchain expert said. "Time Nigeria adopts cryptos to stabilise the economy," he said. Okebiyi's assertion is hinged strongly on the belief that the future of…

The African Centre for Justice and Human Rights, has commended the Governor of the Central Bank of Nigeria, Godwin Emefiele, over the plan by the apex financial institution to float a digital currency. The ACJHR Deputy Head of…

Cryptocurrency exchange platform Binance is currently being investigated by the U.S. Internal Revenue Service (IRS) as well as the Department of Justice (DOJ). Binance is the globe’s largest crypto exchange, but closed itself off to U.S.…

Twitter chief Jack Dorsey on Friday put out the word that he and rap mogul Jay-Z are creating a fund devoted to making bitcoin digital money “the internet’s currency.” Dorsey, who is also the founder and chief of financial services and…

The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from the use of cryptocurrencies — despite growing criticism. The bank, in a statement on Sunday evening,…