Nigeria

https://www.shutterstock.com/image-photo/mexico-city-march-31-singerproducer-akon-28294267Consensus: Distributed

Why Binance and Akon Are Betting on Africa for Crypto Adoption

Leigh CuenMay 6, 2020

Demand for bitcoin is surging in Ghana, Nigeria and Kenya, attracting investment from the cryptocurrency exchange Binance and a token project by Akon.

https://www.shutterstock.com/image-photo/ajegunle-city-lagos-state-nigeria-march-1054621472Payments

Binance-Backed Crypto Payments App Launches as Race for Africa Heats Up

Paddy BakerApr 23, 2020

The payments app launched initially in Nigeria, but there are plans to expand to 30 African nations his year.

screen-shot-2020-05-19-at-12-55-19-pmAfrica

This Bitcoin Documentary From Africa Is Streaming on Amazon Prime

Leigh CuenMay 20, 2020

A new documentary – “Banking on Africa: The Bitcoin Revolution” – explores the role of cryptocurrencies in African economies.

Africa

Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users

Leigh CuenFeb 21, 2020

Here's how crypto exchanges are on-boarding unbanked users in Nigeria.

Africa

Eyeing African Market, Binance Adds Nigerian Fiat-to-Crypto Gateway

Danny NelsonOct 24, 2019

Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs.

Nigeria

Exchanges

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

Leigh Cuen

The Huobi Cloud network of crypto exchanges wants to facilitate $55 million in daily volume by 2020.

https://www.shutterstock.com/image-photo/johannesburg-south-africa-december-21-2013-401936458
Crime

US Prosecutors Charge 2 Foreign Nationals Over Bitcoin Investment Scam

Yogita Khatri

Two Nigerian nationals have been indicted in the U.S. for wire fraud and money laundering relating to a fake bitcoin investment scheme.

https://www.shutterstock.com/image-photo/washington-dc-department-justice-building-287601218?src=eJX1IQB_Uoh-BV1BSxAX4g-1-0
Exchanges

Bitcoin Exchange Paxful Sees 20% 2018 Growth, Driven by Africa

Leigh Cuen

Despite bitcoin's price volatility in 2018, P2P exchanges Paxful and LocalBitcoins each saw significant user growth in Africa.

https://www.shutterstock.com/image-photo/young-man-bringing-out-money-his-1252357270?src=ZrQOzH-aT4F8CjLgjPXguw-1-84
Regulation

Nigeria’s Central Bank Again Warns on Crypto Investments

Wolfie Zhao

The Central Bank of Nigeria has issued another warning to residents and financial institutions over the risk of cryptocurrency investments.

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Africa

Nigerian Central Bank Director: Cryptocurrency Wave ‘Cannot Be Stopped’

Pete Rizzo

A representative of the Central Bank of Nigeria opened up about his views on cryptocurrency at a technology-specific conference this week.

https://www.shutterstock.com/image-photo/nigeria-money-100-200-naira-banknotes-596157236
Bitcoin

Nigeria: Banks That Handle Bitcoin Do So ‘At Their Own Risk’

Stan Higgins

Nigeria’s central bank has a message for domestic institutions: don’t touch virtual currencies.

https://www.shutterstock.com/image-photo/map-nigeria-blue-pushpin-stuck-265300376?src=G8J1K1LCI4PKtlNM3dM_TA-1-3
Africa

Nigeria Warned its Citizens About Onecoin and Bitcoin This Week

Stan Higgins

Local advertisements for OneCoin and other digital currencies have drawn the ire of Nigeria’s top securities regulatory.

https://www.shutterstock.com/image-photo/macro-nigeria-on-globe-narrow-depth-306272309
Regulation

Nigeria’s Central Bank Calls for Bitcoin Regulation

Yessi Bello Perez

Nigeria's Central Bank has called out for bitcoin regulation in an attempt to curb money laundering and avoid international sanctions, reports claim.

http://www.shutterstock.com/pic-189093872/stock-photo-nigeria-national-flag-against-low-angle-view-of-skyscrapers-at-sunset.html?src=WQuFmJTooyT9GhI6mT41Mg-1-2
Exchanges

BitX Launches Bitcoin Services in Nigeria

Pete Rizzo

Emerging markets-focused bitcoin services provider BitX has launched services in Nigeria.

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