The NPF headquarters in Abuja on Tuesday disclosed that CEO of Blord Group of Companies “Linus Williams “was arrested following allegations of crypto-fraud, terrorism funding amongst others. NPF Public Relations Official, ACP Olumuyiwa Adejobi, spread the word about this in a proclamation named, “Alleged Fraud,, Infringement of CBN Act: Police Cross examines President Blord Gathering […]
Bill Gates reveals cryptocurrency and NFTs [ Non Fungible Token ] are based on the “Greater Fool Theory” . According to the Microsoft co-founder he’s not a fan of digital currencies or investments and that cryptocurrencies and NFTs are “100% Sham. NFTs are tokens that can’t be interchanged with another. They’re effectively talked about as […]
Cristiano Ronaldo has Become the First Footballer in history to Earn In cryptocurrency. Ronaldo collected about 770 Fan Tokens JUV ahead of Juventus’ match against Benevento on Sunday as a way of marking his record-breaking goal milestone. It’s the first time a footballer has been rewarded with Crypto which is becoming prominent in terms of […]
Nigerians on Social media platform twitter have expressed shock and displeasure over the insinuations of the CBN Governor Godwin Emefiele that the Cryptocurrency businesses, Money and ideas Originated From Thin Air. Watch Video : Many also called him out for not having a proper and clear cut definition of what the term cryptocurrency means.
India has become the second country to outrightly ban Bitcoin and other cryptocurrencies. This is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions. There has been a lot of drama surrounding India’s cryptocurrency stance. In 2018, the Reserve […]
A woman has been charged in federal court with trying to hire someone over the internet using Bitcoin so that she can kill a man. Kelly R. Harper, 37, was arrested Friday night last week just before the murder could happen after federal and local investigators were tipped off by the intended victim and journalists […]
Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online yesterday. Below is a concise explanation as to what the circular meant and why the CBN issued it. Cryptocurrencies over the years have gained popularity. The birth of bitcoin, the most valuable crypto, rose significantly four years ago. The […]
The Central Bank of Nigeria has shut Down Cryptocurrency Exchange Bank Accounts. The memo dated “February 5, 2021 Reads – LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS The Central of Bank of Nigeria’s (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial […]