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CBN: No legal backing for virtual currencies

The Central Bank of Nigeria (CBN) on Wednesday cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in Nigeria.

Central bank warns Nigerians on investment in crypto currencies

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in crypto currency as they are virtual currencies that are not legal tender in Nigeria.

Bitcoin value drops below $8,500

Bitcoin has had a disastrous week, falling below $8,500 today as investors remain spooked about the future of cryptocurrencies.

Hackers steal $400 million from cryptocurrency exchange

One of Japan’s largest cryptocurrency exchanges has revealed that it’s lost nearly $400 million in a security breach.

Bitcoin dips below $10,000

Other crypto-currencies including Ethereum, Ripple, Litecoin and Bitcoin Cash have also experienced steep falls over the past day.

Bitcoin plunges as investors suffer reality check

Bitcoin prices plunged by a quarter on Friday as investors cashed out just before Christmas after the wildly volatile currency’s stratospheric rise in recent weeks.

NDIC warns about risks of trading with Bitcoin, other digital currencies

The Nigeria Deposit Insurance Corporation (NDIC) has said Nigerians who use Bitcoins and other digital currencies as means of payment, commercial transaction and online investment do so at their own risk as such currencies are not insured by the corporation.

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