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Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings
15.1.2021
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of...
Ghanaian Startup Bitsika Africa Processed $40 Million in Crypto Remittances in 2020, up 3,900% Year-on-Year
5.1.2021
Bitsika Africa, a crypto startup operating out of Ghana and Nigeria, said Monday that it processed almost $40 million in remittances in 2020, up from just under $1 million the previous year. Founder and chief executive officer Atsu Davoh said that deposits accounted for $18.87 million of the total...
Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira
18.12.2020
The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians towards Bitcoin and crypto adoption
Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years
17.12.2020
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to...
Nigeria’s Yellow Card Processes $165 Million in Crypto Remittances So Far This Year
7.12.2020
Nigerian crypto startup Yellow Card says it processed over $165 million in volume during the first eleven months of this year. The figure represents a growth of more than 1,840% over the amount of remittances processed in the last six months of 2019. Launched in June 2019, Yellow Card enables...
Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...
Everyone's talking crypto for solving sub-Saharan Africa's payments problems
3.12.2020
Stablecoins and continentwide regulations are key to breaking down barriers to Africa's economic growth
Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week
29.11.2020
Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week's Bad Crypto podcast
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
29.11.2020
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...
Nigeria is establishing a framework for widescale crypto adoption
24.11.2020
Africa’s largest economy has become a bastion for crypto adoption
Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List
16.11.2020
Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud...
Can blockchain make a difference? Africa sees vast monetary potential
15.11.2020
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems
Discovering Bitcoin Through the #EndSARS Movement, Feat. Yele Bademosi & Akin Sawyerr
11.11.2020
When the Nigerian government shut down #EndSARS protestors’ bank accounts, bitcoin and crypto became a way around
West African Program Will Store Weather Data on Telos Blockchain
10.11.2020
Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain. -
Nigeria hopes blockchain will generate $10B revenue by 2030
6.11.2020
“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general
Decentralized VPN Sees Increased Use in Nigeria Amid #EndSars Protests
2.11.2020
Nigerians are protesting police corruption and concerns about a possible internet shutdown have driven some to adopt decentralized VPNs like Mysterium
Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria
2.11.2020
With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions
Nigeria Protests Show Bitcoin Adoption Is Not Coming: It’s Here
21.10.2020
Blockchain is gaining traction fast in Nigeria partly because its young and tech-savvy population is showing an eagerness to learn more about Web3.0, a decentralized internet powered by blockchain technology
Macro Investor Dan Tapiero Says Crypto Adoption Slow: Emerging Economies Ahead of Developed States
20.10.2020
Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with...