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Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images)

Twitter chief: Nigerians will lead Bitcoin ‘revolution’

Jack Dorsey, the co-founder and chief executive officer of Twitter, a microblogging platform, says “the people of Nigeria will lead bitcoin” revolution.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank to launch digital currency before December

The Central Bank of Nigeria (CBN) has disclosed plan to launch a digital currency before the end of this year.

El Salvador approves Bitcoin as legal tender

Lawmakers in the Central American nation’s Congress passed a bill late Tuesday that will eventually allow the famously volatile digital currency to be used for many aspects of daily life, from property purchases to tax contributions.
FILE PHOTO - Representations of virtual currency bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS-Dado Ruvic-Illustration

Crypto market plunges as US recovers ransom paid by Colonial Pipeline

The cryptocurrency market plunged on Tuesday as Bitcoin tumbled by more than eight percent.
El Salvador’s President, Nayib Bukele, is proposing a Bill to adopt Bitcoin and other cryptocurrencies as legal tender in his country.

El Salvador’s president perfects plan to make cryptocurrency legal tender

El Salvador’s President, Nayib Bukele, is proposing a Bill to adopt Bitcoin and other cryptocurrencies as legal tender in his country.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

El Salvador plans to make Bitcoin a legal tender

“In the short term, this will generate jobs and help provide financial inclusion to thousands outside the formal economy,” Mr Bukele told a Bitcoin conference in Florida, adding that it could also boost investment in the country.
Ireland’s health service said it was under a ransomware attack on Friday that forced it to shut down its computer systems.

NITDA warns against file encrypting computer virus

The National Information Technology Development Agency (NITDA) had warned Nigerians to beware of IGVM Ransomware, a file-encrypting infection that restricts access to data such as documents, images, and videos.
Popular Instagram comedian and social media influencer, Nwagbo Oliver Chidera, better known as Pankeeroy, has been released from the custody of the Economic and Financial Crimes Commission (EFCC).

Comedian Pankeeroy released from EFCC custody

Popular Instagram comedian and social media influencer, Nwagbo Oliver Chidera, better known as Pankeeroy, has been released from the custody of the Economic and Financial Crimes Commission (EFCC).
Representations of the virtual currency Bitcoin and Ethereum stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS-Dado Ruvic-Illustration

Iran bans cryptocurrency mining for four months

Iran is temporarily banning cryptocurrency mining after some of the country’s major cities experienced repeated blackouts. President Hassan Rouhani said that the ban would last until September 22nd.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Nigeria will soon create digital currency

Nigeria will soon create its digital currency, the Central Bank of Nigeria said Tuesday as the bank continues to faces questions over its ban on cryptocurrency transactions in the country.

CBN governor urges bandits to drop arms, embrace anchor borrowers’ programme

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday appealed to bandits and others involved in unlawful activities to drop their arms and embrace the central bank’s Anchor Borrowers’ Programme (ABP).
Cryptocurrency exchange Coinbase is experiencing a “partial” outage this morning for its entire site and application.

Coinbase down amid massive cryptocurrency plunge

Cryptocurrency exchange Coinbase is experiencing a “partial” outage this morning for its entire site and application. Additionally, both Coinbase and Binance are reporting issues specifically focused around withdrawals of Etherium and ERC-20 tokens this morning due to “network congestion.”
Consumers lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk over the last six months, the Federal Trade Commission reported Monday.

Elon Musk impersonators have stolen more than $2 million in cryptocurrency since October

Consumers lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk over the last six months, the Federal Trade Commission reported Monday.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin falls after Tesla stops car purchases with cryptocurrency

The price of Bitcoin, the world’s most popular cryptocurrency, has witnessed a significant fall after Tesla CEO, Elon Musk, tweeted on Thursday that the electric vehicle maker would suspend car purchases using Bitcoin.
FILE PHOTO - Representations of virtual currency bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS-Dado Ruvic-Illustration

New digital currency exchange unveiled in Lagos

A new mobile app that allows instant exchange of crypto currency with the naira and other currencies in the globe has debuted in Lagos, courtesy of Tradefada Nigeria Limited.
Coinbase has added the option for users to buy cryptocurrency using their PayPal accounts in the US, the company has announced.

Coinbase adds option to buy cryptocurrency with PayPal

It says the feature offers a “familiar and trusted” experience for users buying any of the numerous cryptocurrencies that the exchange currently supports, and using PayPal as an intermediary means you don’t have to give your bank account or debit card information directly to the cryptocurrency exchange. The feature will expand to other countries in the coming months.
Security forces in Italy on Monday detained dozens of people across the country in a crackdown on Mafia organisations.

Police nab 30 members of Black Axe criminal cult gang in Italy

Police in Italy have arrested 30 suspected members of Nigerian Black Axe mafia syndicate over alleged involvement in drug and people trafficking, prostitution and internet fraud.
Economic and Financial Crimes Commission - EFCC.

EFCC: Beware of fraudulent investment schemes

The Economic and Financial Crimes Commission, EFCC, says it is alarmed at the rate Nigerians send petitions to the Commission on fraudulent investments that promise high return with little risks to investors.
While social media lit up with posts about cryptocurrencies being hurt by United States President Joe Biden's tax plan, some traders and analysts said declines are likely to be temporary [File- Wei Leng Tay-Bloomberg]

Crypto: Bitcoin, Ether, XRP, Dogecoin sink over Biden tax plans

Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concerns that United States President Joe Biden’s plan to raise capital gains taxes will curb investments in digital assets.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Bitcoin trader, four others nabbed for ‘internet fraud’

The Ibadan office of the Economic and Financial Crimes Commission (EFCC) has arrested a bitcoin trader for his alleged involvement in cybercrime, the EFCC’s spokesperson Wilson Uwujaren said in a statement made available to newsmen on Friday.
Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]

Bitcoin drops below $50,000

The value of the cryptocurrency market stood at $1.81 trillion on Friday, a 10.26 percent drop over the last day, according to data from coinmarketcap .com.
FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Nigeria’s crypto crackdown may not be best way forward

Early February saw the Nigerian Central Bank took the country by surprise by issuing a ruling that instructed banks and financial institutions in the country to restrict accounts that were involved in cryptocurrency transactions.

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