LAGOS APRIL 29TH (NEWSRANGERS)-Central African Republic has adopted bitcoin as an official currency, the presidency said on Wednesday, becoming the first country in Africa and only the second in the world to do so. Despite rich reserves of gold and diamonds, Central African Republic is one of the world’s poorest and least-developed countries and has…
LAGOS SEPTEMBER 7TH (NEWSRANGERS)- The Central Bank of Nigeria, (CBN) has been given seven days to provide relevant information about the bidding process in its engagement of Bitt Incorporation by the apex bank. The bank in August had announced its technical partner for its Digital Currency Project after what it described as a competitive bidding…
LAGOS SEPTEMBER 7TH (NEWSRANGERS)-El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, says it will help Salvadorans save $400 million https://www.reuters.com/world/americas/migrant-families-wary-el-salvador-becomes-first-adopt-bitcoin-2021-09-06 a…
LAGOS JUNE 11TH (NEWSRANGERS)-A spokesman for the IMF on Thursday warned of the risks of using bitcoin for day-to-day transactions after El Salvador, which is in negotiations for additional funds from the crisis lender, approved the cryptocurrency’s use. An IMF team is scheduled to meet with El Salvador’s President Nayib Bukele later Thursday as the…
LAGOS JUNE 9TH (NEWSRANGERS)-El Salvador’s President Nayib Bukele has made good on his promise to adopt Bitcoin as legal tender. Officials in the Central American country’s congress voted to accept the cryptocurrency by a majority of 62 out of 84 votes, reports CNBC. In a worldwide first, El Salvador will accept Bitcoin as legal tender…
LAGOS MAY 23RD (NEWRANGERS)– Blockchain Technology is rapidly growing in different continents and many more people beginning to see the importance and relevance of cryptocurrency and blockchain technology in their different fields of life. Nations and companies are gradually adopting cryptocurrency in exchange for goods and services instead of fiat. However, the African continent seems…
LAGOS NOVEMBER 25TH (NEWSRANGERS)-Ahead of Nigeria’s general elections in February 2019, Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP)- the country’s largest opposition party – has included the creation of a “comprehensive blockchain and digital currency policy” in his policy document. The move comes as a significant surprise as the country’s regulatory…
LAGOS MAY 25TH (NEWSRANGERS)-A criminal gang, which kidnapped a teenage boy on Sunday, is demanding a ransom in bitcoin cryptocurrency of nearly $120,000. Police spokesperson, Leonard Hlathi said Katlego Marite, 13, was dragged into a car while playing with two friends near his home in Witbank. The town is located in the eastern province of…