From the Blog

Investors – After the dip comes the bullish trend, this is typical of Nigerian investors who purchased Bitcoin in the heat of the November 2022 slump; they categorically are posting enormous gains in the cryptocurrency market at this time. According to confirmed data, since November lows, bitcoin has increased by at possible least $7,000 equivalent […]

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Crypto markets regain the $1 trillion market capitalization mark over the weekend following signs of bottoming and a record number of short liquidations contributing to the uptick. Nearly $500 million in shorts, or bets against higher prices, were liquidated since Friday to mark the highest such levels since October 2022, according to data from Coinalyze. […]

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Phishing as you are aware is the fraudulent practice of sending emails or other messages claiming to be from reputable companies to get you to reveal personal information, such as passwords and credit card numbers. If you eventually fall for it, from the end, the scammer will hit you that hard and this usually results […]

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The campaign to move for cryptocurrency regulation has received immense attention, the Chairman of the House of Representatives Committee on Capital Markets and Institutions, Babangida Ibrahim, has disclosed the preparedness of the chamber to pass a law that’ll give room to digital currencies in Nigeria. The Investment and Securities Act, 2007 Amendment Bill, when passed […]

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FTX collapse and the recent prosecution of its former Chie Executive Officer, Sam Bankman-Fried have continued to raise concerns in the digital industry. Following this, the International Monetary Fund has drummed support for increased regulation of crypto markets in Africa. This was made known during its Regional Economic Outlook for sub-Saharan Africa. According to the […]

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Legalize Bitcoin – The chairman of the House of Representatives Committee on Capital Markets and Institutions of Nigeria; Babangida Ibrahim asserts Nigeria will soon pass a law to legalize the use of Bitcoin and other cryptocurrencies. The bill as claimed will amend the 2007 Investments and Security and Securities Act, as well as recognize bitcoin […]

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Cash withdrawal limits – Following its quest to curb the volume of cash in circulation given the newly redesigned naira as well as tone down inflation amid other concerns, the Central Bank of Nigeria has introduced revised cash withdrawal limits with effect on 9 January 2023. Given this, the number of cash individuals and businesses […]

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NFT regulation – A Chinese court in Hangzhou has routed for a nonfungible token, saying collections are online virtual property that should be protected under Chinese law. This was contained in an article posted by the Hangzhou internet court last month. NFTs according to a translated article have the object characteristics of property rights such […]

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SEC – Nigeria’s Securities and Exchange Commission through its General Director has disclosed it will only consider “Sensible digital assets” in its plan to push the adoption of digital assets in the country. Lamido Yuguda told reporters in Lagos on Friday, November 25, 2022, that the commission’s reason for not considering crypto is given that […]

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