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Nigeria Picks Bola Tinubu as President Amid Cash Shortages

1.3.2023
Tinubu will replace outgoing President Muhammadu Buhari, under whose government the country issued the eNaira and banned banks from interacting with crypto firms

Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade

1.3.2023
Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding the Central Bank of Nigeria’s naira redesign...

Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season

28.2.2023
Bitcoin evangelist Jack Dorsey’s Cash App is making it easier for BTC holders to calculate their taxes with the TaxBit integration

Tornado Cash Developer is in Jail But There Are Hints of a Comeback for the Crypto Mixer Regulators Hate

27.2.2023
Tornado Cash developer Alexsey Pertsev remains in jail after facing money laundering charges for creating the mixing service, but a recent tweet by Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, suggests the crypto mixing service could soon have its comeback despite the legal woes...

Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash

27.2.2023
Despite the sanctions on the crypto mixing service, the bad actors behind January's biggest exploit have deposited millions worth of funds into Tornado Cash

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...

Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages

24.2.2023
A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues

Block's Q4 Bitcoin revenue down 7% on crypto price decline

24.2.2023
Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines

Block’s Q4 Bitcoin Revenue Fell 7% Year-Over-Year to $1.83 Billion

23.2.2023
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said

Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO

23.2.2023
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire...

Biggest Movers: BCH Hits Fresh Multi-Month High, Whilst MATIC Extends Declines

21.2.2023
Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which...

FTX poked the bear and the bear is pissed — O'Leary on the crypto crackdown

21.2.2023
Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another

Biggest Movers: SOL 11% Higher, BCH Hits Strongest Point Since July

20.2.2023
Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July....

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

17.2.2023
PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and...