A stakeholder in the blockchain and fintech ecosystem has urged the Nigerian government to implement regulations that will facilitate the widespread integration of blockchain technology in the country. The National Blockchain Policy, which was signed by former President Muhammadu Buhari, offers significant potential for economic growth, job creation, and financial inclusion. The President of the […]
The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting hackers in laundering $61,538 from the stolen funds. The police have made significant progress in investigating the financial fraud case, which involves criminal […]
A group of creditors from cryptocurrency futures exchange CoinFLEX have accused the founders of OPNX, a new crypto exchange, of using CoinFLEX assets without their consent. The creditors claim that former CoinFLEX CEO Mark Lamb diverted clients and business opportunities to OPNX, misappropriated assets, and divulged confidential trade secrets. They argue that Lamb’s actions were […]
The Stellar Foundation has been making significant progress this year in leveraging blockchain technology to bring about real-world changes. At the recent Meridian Conference, the foundation showcased some of its notable developments and shared future plans, including its collaboration with actor Idris Elba. Elba, known for his humanitarian work, recognized the potential of Stellar in […]
XRP’s market capitalization has increased by over $2 billion following Ripple’s expansion of its global payments network into three new corridors. The San Francisco-based firm has partnered with payments fintech company Onfariq to open routes connecting Africa, the UK, Australia, and Gulf Cooperation Council (GCC) countries. This partnership aims to eliminate traditional problems associated with […]
Ripple, the fintech company, has made major announcements at the Ripple Swell Conference 2023. Firstly, they have rebranded their flagship product RippleNet as Ripple Payments, signaling a strategic shift towards enhancing blockchain-enabled cross-border payments and promoting enterprise crypto adoption. The rebranded product now covers over 70 crypto and traditional payout markets, expanding the scope of […]
VALR, a South African crypto platform, has announced a strategic partnership with Visa to issue Visa cards to its crypto customers. The partnership aims to deliver innovative digital payment solutions to users in Africa and global markets. VALR has raised over $50 million and received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority. The […]
Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial […]
The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]
On October 5th, the Reserve Bank of Zimbabwe (RBZ) launched a new digital token called Zimbabwe Gold (ZiG) as a payment method. This initiative was first introduced by the central bank in April 2023, with the aim of encouraging local investors to invest in national assets rather than relying on the American dollar. The RBZ […]
