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Nigeria’s stake in bitcoin drops to N1.51 billion

As the value of Bitcoin tumbles at the cryptocurrency market, Nigerian’s stake in the market declined dropping to N1.51 billion as against N1.733 billion which it was at the beginning of last month.
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Over 540 arrested over online football gambling in China

Over 540 suspects have been arrested for organising online football gambling using bitcoin, with over 10 billion Yuan (1.5 billion dollars) of money involved, police in south China’s Guangdong Province said on Wednesday.

Hackers steal $30m from bitcoin exchange

Hackers stole more than $30 million worth of cryptocurrencies from South Korea’s top bitcoin exchange, sending the unit’s price falling around the world on Wednesday.

World Cup: Authorities across Asia gear up to fight illegal gambling operators

Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution.

Cardtonic: Sell iTunes and Amazon gift cards without getting cheated

There is just one little problem, you don’t know where to sell iTunes and Amazon cards without getting cheated. Well, luckily for you, we do.

South African boy kidnapped for bitcoin found

A South African teenager was found Thursday four days after he was kidnapped by a gang who demanded a ransom in bitcoin cryptocurrency worth about $123,000 (105,000 euros), police said.

ECB: Banks should ‘segregate’ any bitcoin activities

Banks wanting to trade in digital currencies should make sure those activities are clearly "segregated" from their other operations, a top ECB official cautioned Monday, as ever more financial institutions mull jumping on the bitcoin bandwagon.

CIBN charges Senate on speedy passage of FSS 2020 bills

The Chartered Institute of Bankers of Nigeria (CBN) has called on the Senate to urgently pass the Financial System Strategy (FSS 2020) Bills into law to promote financial inclusion and strengthen electronic payment system in the country.

Facebook sued over scammy cryptocurrency ads

Martin Lewis, a well-known financial journalist and founder of consumer finance site MoneySavingExpert.com, filed a lawsuit against Facebook today through

Iran bans bitcoin, other cryptocurrencies

Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology.

Telegram messenger to be blocked in Russia following court ruling

A Russian court on Friday ordered that access to the Telegram messenger service should be blocked in Russia, Russian news agencies reported, heralding communication disruption for scores of users – including government officials.

Vietnam suffers $660m cryptocurrency scam

Vietnam has vowed to tighten regulations on cryptocurrencies as authorities investigate an alleged multi-million-dollar fraud in the country, where digital units are traded in a shadowy and unregulated market.

Volcanic growth for bitcoin in chilly Iceland

At a secret location in the midst of one of Iceland's breathtaking lava fields stands a warehouse whose non-descript siding belies the fact it is ground zero in a digital gold rush for cryptocurrencies that is burning through more electricity than Icelanders' homes.

Nelson Mandela’s golden hand casts sell for $10m in bitcoin

Gold castings of the hands of South Africa's first black President Nelson Mandela have been sold for $10m (£7m) in bitcoin.

NDIC cautions Nigerians against transactions in digital currencies

The Nigeria Deposit Insurance Corporation ( NDIC ) says transactions in digital currencies are not authorised by the Central Bank of Nigeria (CBN), cautioning Nigerias against transacting business in bitcoin and other crypto currencies.

Jack Dorsey: Bitcoin will be the world’s ‘single currency’ in 10 years

Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin, commenting in a recent interview with The Times that he believes that the cryptocurrency will become the world’s single currency within 10 years.

Ex-England star Michael Owen to launch own cryptocurrency

Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans.

Twitter planning to ban cryptocurrency ads

Following Facebook and Google’s footsteps, Twitter is reportedly planning to ban advertisements for cryptocurrencies and initial coin offerings (ICOs), according Sky News.

Recent Stories

APC: Anyone who breaks law must be brought to justice

All Progressives Congress (APC) has said that any Nigerian who violates the law, no matter how highly placed, must be brought to justice.

Manchester United confident David de Gea will sign a new deal

Manchester United are confident goalkeeper David de Gea will sign a new long-term contract at Old Trafford following Thibaut Courtois’ move to Real Madrid, Sky Sports reports.

Liverpool’s Mo Salah reported over allegedly using mobile while driving

Egyptian star Mohamed Salah could be in trouble with police after his club Liverpool passed a video apparently showing him using his mobile phone while driving.
Emmett Brewer

11-year-old boy hacks into replica US vote website in 10 minutes

An 11-year-old boy managed to hack into a replica of Florida’s election results website in 10 minutes and change names and tallies during a hackers convention, organisers said, stoking concerns about security ahead of nationwide votes.

Manufacturers seek federal government’s intervention to end disagreement with DisCos

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to intervene in the debt disagreement between them and the electricity distribution companies, DISCOs, so as to enable them access the stranded 2,000 megawatts of electricity.