Bitcoin in Africa: Why Nigeria is Pioneering the Continent’s Cryptocurrency Revolution

Nigeria has emerged as a global leader in Bitcoin trading, with more cryptocurrency transactions occurring in the country than almost anywhere else in the world. This surge in digital currency adoption reflects a growing distrust in traditional investment options and a quest for financial stability. From Struggle to Success: Tola Fadugbagbe’s Story Tola Fadugbagbe’s journey […]

NDIC Warns of Risks Associated with Adopting Cryptocurrencies.

Umaru Ibrahim, Managing Director and CEO of the Nigeria Deposit Insurance Corporation (NDIC), has urged Nigerians to exercise caution when using cryptocurrencies for transactions. During a visit to the Speaker of the House of Representatives, Femi Gbajabiamila, at the National Assembly in Abuja, Ibrahim highlighted the potential risks of digital currencies. Ibrahim emphasized that although […]

Breaking: Cryptocurrency holders risk losing $145 million

The death of Gerald Cotten, CEO of the cryptocurrency exchange Quadriga CX, has left a critical issue unresolved: how will the company’s customers recover the C$190 million ($145 million) in funds? Unfortunately, only Cotten, who passed away, had the password to the digital “wallets” that stored the funds. These wallets are used to store the […]

Akon to build his own city where residents will use cryptocurrency for trade.

Music executive and entrepreneur Akon has officially secured an agreement with the Senegalese government to build his own city, named Akon City. The city, which is being developed on 2,000 acres of land gifted by Senegal’s president, will use Akon’s cryptocurrency, AKOin, as its main form of trade. AKOin was launched by Akon in 2017. […]