LAGOS JULY 3RD (NEWSRANGERS)-Many young Nigerians are adopting bitcoin amid the crypto ban put in place by the Nigerian Central Bank. In fact, since the start of 2021, peer-to-peer bitcoin trading has grown to $204 million, the largest amount in Africa. Data collated from Usefultulips, a Bitcoin analytic provider, shows Nigeria dwarfs the rest of…
LAGOS MARCH 30TH (NEWSRANGERS)-When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make an online payment. But the 10 percent gain on his wallet’s balance after a few days fired up the 27-year-old’s interest. Now, the Lagos resident has more than $50,000 worth of different…
LAGOS MARCH 22ND (NEWSRANGERS)-The Central Bank of Nigeria (CBN) said there was no time the bank banned the activities of Cryptocurrencies in the country. The Governor of the bank, Godwin Emefiele, disclosed this in Abuja at the 30th seminar for Finance Correspondents and Business Editors organised by the bank. Emefiele, who was represented by Adamu…
LAGOS MARCH 1ST (NEWSRANGERS)-More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment, as Ijeoma Ndukwe reports. Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter prospects. Instead, the 34-year-old ended…
LAGOS FEBRUARY 14TH (NEWSRANGERS)-The price of Bitcoin has increased by 20 per cent in the last seven days, setting a new all-time high record of $47,251 on Friday, data from coinmarketcap.com showed. Within this period, Bitcoin experienced a low of $37,446 and a high of $48,464, before settling at $47,251 on Friday. It fell to…
LAGOS DECEMBER 19TH (NEWSRANGERS)-During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the nearly…
LAGOS AUGUST 13TH (NEWSRANGERS)Chukwuemeka Ezike sends thousands of dollars’ worth of bitcoin a month in order to trade with Chinese exporting companies. In return, he receives spare auto parts, construction equipment, and juices for a family business his father started more than 30 years ago. Ezike works full-time at Singapore-based crypto exchange Huobi as its…
LAGOS SEPEMBER 2ND (NEWSRANGERS)- Indian police have discovered a large-scale BTC scam worth $67.6 mln, its facilitator beaten to death for cheating his partners Police in the Indian Uttarakhand state have found out about a big Bitcoin scam after its orchestrator, Abdul Shakoor, was killed by his former crime partners for cheating them. Massive Bitcoin…