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Cryptocurrency

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.

Crypto ban: We acted in Nigerians’ best interest – CBN

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system.

ICPC boss says virtual assets, cryptocurrencies risky for Nigeria

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.

Crypto ban: CBN chief honours National Assembly invitation

Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).
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, NFIU reverse $3 million cryptocurrency fraud

The Central Bank of Nigeria and the Nigerian Financial Intelligence Unit has reversed a $3 million fraud back to a country.

SEC: Cryptocurrency market worth $2 trillion, it can’t be ignored

The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, disclosed this during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

Crypto ban: SEC, CBN to commence market research

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to collaborate and conduct research with a view to finding ways of regulating the Cryptocurrency market.
Jeffrey Gilbert, the judge in an Illinois court in United States, who denied billionaire fraudster, Ramon Abass, aka Hushpuppi, bail, has given five reasons why he would remain in detention.

US: Hushpuppi laundered funds for North Korean hackers

Ramon Abbas, better known as ‘Hushpuppi’, has been indicted by federal prosecutors in the United States on a new charge of money laundering, amidst his ongoing trial for a variety of cyber fraud.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin market cap nears $1 trillion

Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices.

IMF endorses CBN’s policy on cryptocurrency, seeks FX rates unification

The International Monetary Fund (IMF) has expressed its support for the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.
The Justice Department unsealed charges Wednesday for three North Korean computer programmers accused of conspiring to extort over $1.3 billion from banks and other businesses across the globe, as first reported by The Washington Post.

US announces charges against North Korean hackers for sweeping hacking scheme

The Justice Department unsealed charges Wednesday for three North Korean computer programmers accused of conspiring to extort over $1.3 billion from banks and other businesses across the globe, as first reported by The Washington Post.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin rises above $50,000 for first time

Bitcoin rose above $50,000 for the first time on Tuesday as Wall Street pushed further into record territory on mounting confidence of Covid-19 recovery.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

Cryptocurrency: How 270 addresses got $1.3 billion illicit payments

Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars around the world.
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today.

Twitter chief partners with Jay-Z on $23 million bitcoin development fund

Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today.

SEC suspends approval of cryptocurrency-related products

The Securities and Exchange Commission says it has suspended the approval of cryptocurrency and related products after the Central Bank of Nigeria ordered banks to terminate accounts connected to digital currencies.
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.

Cryptocurrency: SEC to engage critical stakeholders on regulatory structure

As the recent directive by the Central Bank of Nigeria (CBN) asking commercial banks to stop facilitating cryptocurrency transactions in Nigeria continues to generate controversy, the Securities and Exchange Commission (SEC) has stated that it will continue to monitor developments in the digital asset space and further engage all critical stakeholders.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

Crypto ban: Nigerian banks begin deactivation of accounts

Nigerian banks have started blocking accounts of customers involved in crypto transactions, many sources are reporting.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

UN experts: North Korea stole $300 million in crypto to fund nukes

North Korea has stolen more than $300 million worth of cryptocurrencies through cyberattacks in recent months to support its banned nuclear and ballistic missile programmes, a confidential UN report said.

Kingsley Moghalu urges CBN to reconsider ban on cryptocurrency transactions

A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has advised the CBN to reconsider its recent decision to ban cryptocurrency transactions in the country banking and payment systems.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin hits record high above $43,000

Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.
The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.

CBN: No going back on cryptocurrencies

The Central Bank of Nigeria (CBN) says it will continue to do all within its regulatory powers to educate Nigerians to desist from use of cryptocurrencies — despite growing criticism.
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: Cryptocurrencies prone to financial crimes

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s central bank investigates crypto companies’ accounts for fraud

The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.

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Mafia-type organisations, often based in eastern Europe, are likely to have been behind a recent wave of cyber attacks on French hospitals, rather than foreign powers, said the French minister for digital technology Cedric O on Thursday.

French minister: Mafia-type gangs likely behind cyber attacks on hospitals

Mafia-type organisations, often based in eastern Europe, are likely to have been behind a recent wave of cyber attacks on French hospitals, rather than foreign powers, said the French minister for digital technology Cedric O on Thursday.

TASS: Russia jails man for eight years for handing over secrets to China

A Russian court sentenced a man to eight years in prison on Thursday after finding him guilty of state treason for allegedly handing over secrets to China, the TASS news agency reported.
The Chief Executive Officer (CEO) of AstraZeneca, Pascal Soriot, has expressed delight that the first doses of the vaccine produced by the Serum Institute of India has been delivered.

AstraZeneca chief delighted as Ghana takes delivery of vaccines

The Chief Executive Officer (CEO) of AstraZeneca, Pascal Soriot, has expressed delight that the first doses of the vaccine produced by the Serum Institute of India has been delivered.

Lorry crushes four hawkers to death in Onitsha

Eyewitness told newsmen that it was a lorry that was trying to escape from some red-eyed illegal revenue collectors that sent the victims to their untimely grave at the everbusy Upper-Iweka axis, along Enugu-Onitsha Expressway in the early hours of Wednesday.
The Minister of Health, Dr. Osagie Ehanire, disclosed this at the PTF briefing on Tuesday in Abuja.

Minister: Time for delivery of coronavirus vaccines not known yet

The hope of Nigerians having early access to the use of vaccines for the prevention of COVID-19 pandemic appears dashed as federal government has claimed it cannot be specific when the first batch of COVID-19 vaccines will arrive the country.

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​West Brom boss: We need eight clean sheets for survival

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Bukayo Saka: I just want to keep pushing, progressing with Arsenal

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Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.

Senator Nwaka: Made-in-Aba products now in West African markets

Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.
Newsmen report that the meeting is being presided over by President Muhammadu Buhari at the Council Chambers of the Presidential Villa, Abuja, on Wednesday.

SERAP asks President Buhari to explore other options instead of selling national assets

The Socio-Economic Rights and Accountability Project (SERAP) yesterday advised the Muhammadu Buhari Administration to explore other options to raise funds to fund the budget instead of selling national assets.
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Nigerian government secures €400,000 grant to kick off livestock transformation plan in four states

The Federal Government, yesterday announced securing €400,000 grant to kick off National Livestock Transformation Plan, NLTP, in four states.