Chiagozie Iwu – DIGIT INFO

Crypto firms’ vulnerability to CrowdStrike blackout: Analyst insights

DIGIT — Sat, 20 Jul 2024 07:44:14 +0000

Although no major crypto exchange was affected by the CrowdStrike downtime, analysts provided possible impacts in a case where they are.

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Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC

DIGIT — Thu, 03 Nov 2022 10:30:58 +0000

Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed with plans to launch its own digital currency. In addition to sending a team to learn from the Central Bank of Nigeria’s experiences, Zimbabwe has […]

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Organizer of Binance-Sponsored Crypto Tour Says Campaign Was Successful, Denies Reports of Arrest

DIGIT — Fri, 17 Jun 2022 11:30:03 +0000

A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour (BCAT) recently held in Nigeria, has rejected reports he was arrested by security agents reportedly spooked by large crowds that were following the campaign. The enthusiast said the high number of people that attended the BCAT tour proves that Nigerians “want to […]

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Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

DIGIT — Sat, 06 Nov 2021 08:30:30 +0000

While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as the e-naira app’s brief removal from Google Play Store appears to […]

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Nigerian Crypto Exchange Boss: CBN Directive Led Shift of Trades From Centralized Exchanges to Black Market Exchanges

DIGIT — Sun, 01 Aug 2021 07:45:17 +0000

It has been more than six months since the Central Bank of Nigeria (CBN) directed banks to stop serving customers from the cryptocurrency industry. While the measure appears to have succeeded in removing crypto entities from the banking ecosystem, the policy has however led to the growth of peer-to-peer trading. ‘Central Bank of Nigeria’s Actions […]

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Nigeria Crypto Ban: Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet

DIGIT — Thu, 18 Feb 2021 17:30:26 +0000

According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges are currently quoting. The Impact of the CBN […]

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African Hip Hop Artist Davido ‘Thinking of Starting a Bitcoin Trading Company’

DIGIT — Fri, 05 Feb 2021 13:10:31 +0000

Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. Senegalese singer Akon is another prominent African personality to embrace crypto assets. […]

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