British watchdog says cryptocurrency scams on the rise

Crsyptocurrency Scams

Cryptocurrency scams are using images of celebrities and upmarket London addresses to hoodwink consumers into parting with cash, Britain’s Financial Conduct Authority has said. The warning, first made in June, was reposted on the FCA’s website on Friday. Cryptocurrencies such as bitcoin and ether are not regulated in Britain, and the FCA said it has […]

Cryptocurrency firm, Pantera Capital, seeks $175m for 3rd venture fund


Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $175 million, surpassing the $25 million raised for its second fund and the $13 million from its first one, according to TechCrunch. A new filing for a Pantera venture fund offering with the Securities and Exchange […]

Land Use Act, biggest threat to agricultural growth in Nigeria – AFEX boss


Ayodeji Balogun, the country manager for AFEX commodities exchange, Nigeria’s first private commodities exchange, has decried the policy inertia by government on the current Land Use Act, which he said is hampering the growth of the country’s agricultural sector. Balogun who said the lack of the right infrastructure to support farmers remains a big concern […]

FX market to remain stable in the aftermath of foreign investors’ exit

Forex Market, Naira, Nigeria equities market

The Nigerian foreign exchange market is projected to remain stable if foreign investors finally exit the market as has been projected on rising rates in the advanced economies, especially in the United States. Currency market analysts, who spoke to business a.m. said the foreign exchange market would be unshaken, particularly in the short to medium […]

Avoid ponzi schemes, SEC warns Nigerians


Nigerians have again been warned to desist from investing their money in investments that offer unreasonable levels of returns at little risk to investors. Mary Uduk, acting DG Securities and Exchange Commission (SEC), gave the warning Wednesday during a town hall meeting on current initiatives by the SEC Nigeria to enhance investor value held in […]