Central Bank of Nigeria Bans Crypto Traders from making Naira Payments

The Central Bank of Nigeria (CBN) surprisingly issued a circular last Friday prohibiting regulated financial institutions from facilitating payments for cryptocurrency exchanges. Note that the new order from the Central Bank of Nigeria is a follow-up to the 2017 circular that cautioned financial institutions and Nigerian citizens against the risk of cryptocurrency transactions. In the directive, CBN also wrote: “All …

How Learning To Trade Bitcoin Can Be A Way To Escape Poverty

Unemployment is one of the biggest problems in Africa. Despite the fact that many people have to work more than one job at once to meet ends, they are still often unable to stay out of debt for long. Nevertheless, so many things are changing as Africa’s youth are learning new skills thereby opening new doors of opportunities for themselves. …

Africa The Next Frontier for Crypto

Africa. The Next Frontier for Crypto “In developed markets, crypto has the potential to disrupt a flawed financial system. That is significant, but not necessarily transformative. In emerging and frontier markets, it has the potential to create a financial system when none existed before.” This is an opening sentence in an article penned by Benjamin Rameau, CEO Smile Research, back …

MEX Exchange Review South Africa

MEX Exchange Review South Africa

What is MEX Exchange? According to a comprehensive research carried out in South Africa, MEX Exchange is a well-established financial trading firm in Australia since 2012 and paved its way to becoming one of the most regarded industry institutions. MEX Exchange offers its customers trading access through the advanced trading platforms on a range of instruments including Forex, Metals, Stocks, …

Tattoo Wine Allows Buying And Selling Of Wine, Makes Use Of Digital Tokens On Blockchain-based Platform

Tattoo Wine Allows Buying And Selling Of Wine, Makes Use Of Digital Tokens On Blockchain-based Platform

Amazingly, Blockchain Wine Pte. Ltd. of Singapore, has officially launched an online marketplace, where consumers can trade wine as digital tokens. It was reported by Yahoo that the Tattoo Wine marketplace has allowed the buying and selling of wine in the Asia-Pacific with the use of digital tokens on blockchain-based platform. Tattoo Wine was created by Blockchain Wine Pte. Ltd. …

Bitcoin’s Daily Volatility Sees 25% Monthly Volume Increase On Delta Exchange

Bitcoin’s Daily Volatility Sees 25% Monthly Volume Increase On Delta Exchange

“Move,” options contract that is known to track Bitcoin’s (BTC) daily volatility recently reported a 25% monthly trading volume increase on Delta Exchange, the crypto derivatives platform. It was reported on April 16 that Move contracts worth $8 million were traded on the platform over the past 30 days. In addition, the platform witnessed an increase of $1 million worth …

Litecoin Relaunches MimbleWimble Testnet

Litecoin Relaunches MimbleWimble Testnet

Litecoin (LTC) has relaunched its MimbleWimble testnet, a special protocol that was designed to enhance privacy and confuse the traceability of distributed ledger transactions. Note that MimbleWimble is a modified implementation of the proof-of-work algorithm underpinning Bitcoin in which blocks appear as a single large transaction, strongly preventing the individual inputs and outputs relating to the transactions from being identified. …

MetaMask Hits One Million Monthly Active Users For The First Time

MetaMask Hits One Million Monthly Active Users For The First Time

Surprisingly, MetaMask, the major Ethereum browser extension, has hit one million actively monthly users for the very first time. Reports hold that the milestone comes around seven months after the wallet first hit one million users in total, suggesting the parabolic rise of decentralized finance (DeFi) in 2020 has actually driven the surge in MetaMask’s user base. MetaMask is a …

Standard Bank Talks Bitcoin And Blockchain Technology

Standard Bank Talks Bitcoin And Blockchain Technology

Amazingly, Standard Bank is launching a series of events to explore the benefits and risks of emerging technology solutions in the world of financial services. Naomi Snyman, Blockchain Lead at Standard Bank Group, said, “If harnessed correctly, powerful technologies like blockchain can unleash new avenues for growth and revolutionise the way Africans bank.” However, there is a misconception that banks …

Standard Bank Explores Blockchain Application In Insurance

Standard Bank Explores Blockchain Application In Insurance

As of the time of reporting, the Standard Bank is exploring the use of blockchain technology in delivering motor vehicle insurance claims. According to Digital Head, Deepesh Thomas, blockchain will significantly increase transparency in the insurance industry for both insurers and customers. “The blockchain allows us to automate the process, reduce costs of claims, track previous claim behaviour, and integrate …