CBN, SEC, working on regulatory guideline for cryptocurrency trading

April 16, 2021

Nigeria central bank bans banks from crypto, virtual currency transactions

Arakunle Kayode The Securities and Exchange Commission (SEC) has revealed that it is working to better understand and control the cryptocurrency market in Nigeria in partnership with the Central Bank of Nigeria (CBN). This comes after the CBN had banned all financial institutions and deposit money banks from permitting account holders to engage in any […]

Is Zugacoin Nigeria’s chance to play big in the crypto world?

March 22, 2021

Wale Ameen The emergency of cryptocurrency with the flagship coin, bitcoin has been nothing short of phenomenal since it was first announced in 2009. It has been embraced by the more daring and adventurous lot of people but viewed with suspicion by many others who either do not understand how it works or just simply […]

How I became a crypto millionaire!!!

Businessam StaffAugust 6, 2018

Crypto

My name is Simon Watango and I am an African Prince and one of the lucky few that bought Bitcoin at $0.10 dollars in 2010, today that $100 investment its worth more than $5 million that’s over 1 billion Naira. For the price of $150 dollars a month I will show you how to buy […]

Cryptocurrencies to assume same status as foreign currencies in Russia

Adesola AfolabiJune 7, 2018

Alexei Moiseev, Russia’s deputy minister of finances (Minfin) has said the possibility of installing an exchange on the nation’s currency, ruble, against cryptocurrencies is not being ruled out. According to him, in such a case, cryptocurrencies will have the same status as foreign currencies and would be allowed to be changed to the ruble in […]

First African-focused cryptocurrency set for launch this year

Businessam StaffApril 9, 2018

Cryptocurrency

Trapeace Holdings, South African company is currently developing first-ever African-focused cryptocurrency, Africa Master Coin, which will be designed with a focus on the continent’s interests. The cryptocurrency set to be launched later this year, according to IOL, will aim to rival established players such as Bitcoin, but will be exclusively used within the continent for […]

Mandela’s golden hands goes for $10m, in bitcoin

Businessam StaffMarch 31, 2018

After more than a decade, a businessman in Canada has finally found a buyer for his prized collection of gold castings of former South African president Nelson Mandela’s hand. The final price? Ten million dollars – in bitcoin. Attempts by Malcolm Duncan, formerly of South Africa, to sell the hands back in 2007 were scuppered […]

Regulation, apathy hit bitcoin market

Businessam StaffMarch 30, 2018

Wild fluctuations in the bitcoin market have once again sparked debate among investors who believe it is merely undergoing a “correction” and those who see it as a costly fad. After a buying fever at the end of 2017 that sent the price of a token to nearly $20,000 and a spectacular fall at the […]

Bitcoin fall continues amid concern of ‘death cross’ sell-off

Businessam StaffMarch 30, 2018

Bitcoin and other virtual currencies declined Friday amid increased concern of a “death cross,” in a thinly traded holiday. Bitcoin was trading at $6,945.00, dipping 7.83% as of 10:56 GMT the Bitfinex exchange, not far from its overnight low of $6,692.20 The decline in Bitcoin was driven by talk of a so-called “death cross,” which […]