Zone launches PoS gateway with instant settlements
Zone’s layer-1 blockchain is purportedly Africa’s first decentralized, cross border, currency-agnostic payments solution. Go to Source
Nigeria
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Nigeria’s Bitcoin interest unfazed by regulatory restrictions
Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin. Go to Source
Nigeria seeks crypto clarity one year into Tinubu’s tenure
Nigeria’s young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry. Go to Source
SEC Approves Spot Ether ETFs, Jim Rickards Predicts $27K Gold Price, and More — Week in Review
The U.S. Securities and Exchange Commission (SEC) has approved significant regulatory filings for spot ether ETFs. Economist Jim Rickards predicts that gold prices could surpass $27,000 based on rigorous analysis. Satoshi Nakamoto’s Genesis wallet now holds over 100 BTC after an accidental transfer added 0.10754671 BTC, bringing its total value to approximately $6.75 million. The … Read more
Binance executive collapses during Nigeria trial for money laundering
Gambaryan missed a court appearance on tax evasion charges but attended the money laundering trial on the same day. Go to Source
Nigeria’s SEC-Crypto License
In May 2022, Nigeria’s Securities and Exchange Commission introduced a robust regulatory framework for virtual asset service providers, including digital asset exchanges. The framework required compliance with various laws and regulations to foster market integrity, safeguard investors, and deter financial crimes. The rules mandated digital asset exchanges to register, adhere to anti-money laundering (AML) practices, … Read more
Binance exec denied bail in Nigeria money laundering trial
Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryan’s questionable attempt to get a new passport, allegedly due to a stolen previous one. Go to Source
Cryptocurrency Exchange Kucoin Suspends P2P Services for Nigerian Naira
Kucoin, a global cryptocurrency exchange platform, announced on May 15 that it has temporarily suspended its peer-to-peer (P2P) services for the Nigerian naira, as well as the Fast Buy service via naira cards. The crypto exchange stated that during this period, it will focus on ensuring compliance and creating a more robust and secure environment … Read more
Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages. One economist expects the pressure on the currency to peak … Read more
Nigeria’s foreign investment at risk due to Binance bribery allegations
SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors. Go to Source