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The Philippines has been advised to closely monitor risks associated with cryptocurrency and online gambling to ensure financial vulnerabilities are effectively controlled, according to Moody’s. Improved Financial Reputation Xiao Chen, associate director at Moody’s, stated that the European Commission’s (EC) recent decision to delist the Philippines from its “high-risk” money laundering list signals the country’s […]
Blockchain.com, a UK-based cryptocurrency platform, is making a bold move into Africa. The company plans to expand into Ghana, Kenya, and South Africa, while also opening its first physical office in Nigeria in Q2 2025. This expansion, first reported by Bloomberg, signals a growing interest in African markets as regulatory frameworks become clearer. Nigeria’s expansion […]
Sportsbet.io, the world’s favourite crypto-led sports betting site, has once again raised the bar by announcing yet another A-list ambassador with the signing of legendary Nigerian singer Harrysong. The ‘Reggae Blues’ singer is also a renowned songwriter and instrumentalist with millions of fans across Nigeria and beyond. He’s won numerous awards and won a hard-earned […]
A Nigerian Crypto proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny Residents Access to Inflation Hedging Tools Nigerian cryptocurrency advocate James Utudor filed a landmark lawsuit […]
Hub88, a leading aggregation platform, has announced a strategic partnership with Stake.com, the trailblazing crypto behemoth. This collaboration positions Hub88 as the preferred aggregation partner for Stake.com and will bring players an unparalleled gaming experience, featuring titles from over 120 sought-after studios. Through this alliance, Stake.com will seamlessly integrate Hub88’s entire content portfolio into its […]
Central Bank of Nigeria (CBN) has introduced stringent measures that have sent shockwaves through the financial sector. The CBN has directed all banks and financial institutions to identify individuals or entities engaged in transactions with cryptocurrency exchanges, placing their accounts on a Post No Debit (PND) instruction for a period of six months. “We are […]
In a significant development, the Central Bank of Nigeria (CBN) has decided to lift the ban on banks facilitating cryptocurrency transactions. The long-awaited move comes two years after persistent calls from crypto enthusiasts and companies urging the apex bank to reconsider its stance. The CBN has concurrently issued comprehensive guidelines for banks and other financial […]
In a recent turn of events, Binance, the world’s largest cryptocurrency exchange, is grappling with significant challenges following the resignation and guilty plea of its founder and CEO, Changpeng Zhao. Within the last twenty-four hours, outflows from Binance, excluding bitcoin, have surpassed $1 billion, according to data from blockchain analysis firm Nansen. A CNBC report […]
In a significant development, the Kenyan government has entrusted the Blockchain Association of Kenya (BAK) with the task of drafting the initial version of the Crypto Bill, also known as the Virtual Asset Service Provider’s Bill. This move indicates a potential shift towards the regulation of cryptocurrencies in the country. The recommendation was made after […]
New research on identity verification in the crypto industry by Sumsub finds the number of deep fakes in the sector increasing by 128% Johannesburg/ London/Miami – October 30, 2023 – Sumsub, a full-cycle verification platform, today releases its State of Verification and Monitoring in the Crypto Industry 2023 report. The findings focus on crypto companies’ regulations and verification practices, with highlights […]
