Category: Uncategorised

Youth unemployment – The growing rate of crypto adoption by the Nigerian youths is something to be delighted for in various fronts. Significantly the current unemployment rate in Nigeria has a proportional effect on the youth since they form the bulk of unemployed population. However, according a recent data 15-24-year old sample stood at 53.4%, […]

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US dominates Bitcoin hash rate distribution globally after China crackdown Bitcoin hash rate – The United States has emerge the leading nation considering hash rate as china crackdown on Bitcoin mining activity. A data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), asserts that BTC miners in America account for 35.4% of the total global […]

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Nigeria’s eNaira – The Central Bank of Nigeria has stayed true to its commitment to develop a  CBDC, though initially slated to be unveiled in Octerber 1, 2021 but couldn’t come through following a number of activities that delayed the process till 25th October. Given this, the Central Bank Digital Currency (Nigeria’s eNaira) is in […]

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Strike launches features to convert Paychecks to Bitcoin Strike, a leading payment company has followed suit with Coinbase having announced its United States users can now convert their paychecks to Bitcoin instantly via its service platform. As announced, users can access this feature regardless if their employers accept or do not approve Bitcoin usage. This […]

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JPMorgan- Bitcoin has made a tremendous shift in the past week which led to a 35% rally soaring for above $50,000 which saw the Market Capitalization gear to $1 trillion significantly reflects to a major demand. JPMorgan on Thursday shared a note with clients, in its take, the recent increase in price of Bitcoin was […]

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Regulatory guidelines – Following the supposed official launch of the CBDC, the apex bank has released regulatory guidelines to guard against misuse and abuse of the eNaira. A document surfaced recently as released by the apex bank titled “Regulatory guidelines on the eNaira.” It was said that the guideline shall apply to all financial institutions […]

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ICPC calls for cryptocurrency regulation in Nigeria Cryptocurrency regulation – Despite the crackdown on crypto trading in Nigeria, cryptpocurrency adoption has been found to be soaring to the high heavens against all odds. Recall that the CBN memo/circular of the February 5th 2021 reiterated and spelled an outright ban on Bitcoin and related crypto assets, compelling […]

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CBDC – In view of the October 1, set for the release of pilot phase of the CBDC, the Central Bank of Nigeria has urged citizens to embrace the digital currency citing its benefits to the economic populace. Recall, the apex bank noted it’ll develop and release a digital currency weeks back, and according to […]

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