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Tag: cryptocurrency

Crypto Payment Firm Simplex Acquired By Publicly-Listed Canadian Firm Nuvei For $250 Million

Crypto Payment Firm, Simplex
The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and NuveiRead More

Dogecoin Up Slightly After Losing Most Of 20% Morning Surge

Dogecoin
Dogecoin gave back most of its early gains and was modestly higher on Wednesday as the cryptocurrency continued its volatile trading. The digital coin based on a Shiba Inu memeRead More

Bitcoin Depot Deploys Over 350 ATMs In The US, Global Number Exceeds 19,000

Cryptocurrency ATM operator, Bitcoin Depot
Cryptocurrency ATM operator, Bitcoin Depot has launched 355 new teller machines across the United States. The announcement comes as the number of ATM locations supporting crypto-fiat exchange now exceeds 19,000Read More

Report: Rising Oil Price May Derail FG’s Economic Reforms

Financial Derivatives Company Limited (FDC)
The Financial Derivatives Company (FDC) has warned that the rising crude oil price, which could rise above $100 per barrel, may sway the Federal Government to jettison its economic reformRead More

Restricting Cryptocurrency Trading In Nigerians’ Best Interest – Emefiele

CBN Godwin Emefiele
ICPC, NFIU back apex bank The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the CBN acted in the nation’s best interest by ordering banks,Read More

IMF Backs CBN, Cautions Against Cryptocurrency Transactions

International Monetary Fund (IMF)
The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but toRead More

Cryptocurrency: How 270 Addresses Got $1.3bn Illicit Payments

Bitcoin
Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokersRead More

CBN Investigates Cryptocurrency Companies’ Bank Accounts For Fraud

Central Bank of Nigeria vs Cryptocurrency
Insists restrictions to safeguard Nigerians, financial system Lists inherent risks To block accounts with suspicious transactions BDC operators, groups back Emefiele on transactions’ ban The Central Bank of Nigeria (CBN)Read More

How FBI Warned FG, CBN On Scammers Using Cryptocurrencies To Defraud The West

Central Bank of Nigeria vs Cryptocurrency
Christine Lagarde: Bitcoin facilitates questionable transactions Nigeria surged to second highest crypto destination in the world raking $200 to $300million a week without underlining economic activity, alarming the CBN FGRead More

CBN Hammers Cryptocurrency Traders, Directs Banks To Close Their Accounts

Central Bank of Nigeria vs Cryptocurrency
The Central Bank of Nigeria yesterday directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for crypto currency exchange, with immediate effect.Read More