Cryptassets

The commission saddled with the financial and trading regulation in Nigeria, Securities and Exchange Commission, SEC, has banned the operations of the Nigerian arm of the largest cryptocurrency exchange tech company, Binance. Recall few days ago, Freelanews reported how the regulator’s counter-path in the United States charged Binance Holdings Ltd. …

Leading crypto exchange Binance is in talks with some of its institutional clients to allow them to keep their trading collateral in a bank, people familiar with the matter told Bloomberg on Tuesday. The agreement would allow the selected clients to use bank deposits as collateral for margin and derivatives trading, …

The world of non-fungible tokens (NFTs) is a vibrant and exciting place where creators turn their digital art, music, and other assets into unique and valuable tokens. With the rise of such marketplaces, artists have more opportunities to showcase their work to a global audience and earn a living from …

Following the successful hosting of the inaugural Borderless 1.0 Conference in Port Hacourt, Rivers state, encomiums and accolades has been showered on the organisers by participants and stakeholders in the technology ecosystem in the country. Taking to social media to speak on the conference, Intagram user with the handle @pri.midac …

In a bid to deepen knowledge on cybersecurity and Blockchain technology across Nigeria, Cyberchain, a decentralised, brand-neutral and people-focused company is set to host a conference at Abuja on the 22nd of October at NAF Conference Centre, Kado, Abuja Nigeria. This follows a string of conferences it has held in …

Crypto Smart, a B2B Crypto Asset Management company has announced that it is set to host the maiden edition of Borderless 1.0, the biggest developers’ event in South South Nigeria, on the 4th of November, 2022. The event which is powered by Crypto Smart in partnership with Algorand, is billed …

Popular email marketing platform, Mailchimp, has been suspending the accounts of crypto-related content creators and media outlets this week. The list of affected customers includes self-custody crypto wallet, Edge, crypto intelligence firm Messari, Decrypt, and so on, which had been using Mailchimp for its newsletter for more than four years. …

The President of the Stakeholders in Blockchain technology Association of Nigeria (SiBAN), Mr. Senator Ihenyen has called on the Central Bank of Nigeria as well as other critical stakeholders in the financial sector in the country to navigate the way forward in regulating the blockchain and cryptocurrency space. Speaking at …

Stakeholders in Blockchain Association of Nigeria (SiBAN) has announced that all arrangements to hold its inaugural Peer-to-Peer (P2P) Conference billed for the 6th of August, 2022 at the Civic Centre, Victoria Island, Lagos, has been concluded. Speaking recently to the media on the upcoming event, the President of SiBAN, Mr. …

Coinbase, the third-largest cryptocurrency exchange by daily volume, through its CEO, Brian Armstrong, officially announced on Tuesday that it has made a decision to reduce the size of the Coinbase team by about 18%, representing 1,100 employees, due to a potential economic recession. Armstrong stated, “We appear to be entering …

Beyond trading, cryptocurrency and blockchain technology offers several vistas of opportunities Nigerians can take advantage of to better their lives. This submission was made by the cryptocurrency and alternative finance expert, Rume Ophi when he fielded questions on the current state of the market with journalists recently in Lagos. Ophi, …

A digital euro could be issued by the European Union (EU) within four years, a senior official from the European Central Bank (ECB) said Monday, with peer-to-peer payments potentially among the first uses. The timeline for the central bank digital currency (CBDC) has been pushed back and forward because of …

Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud. At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme …

The Securities and Exchange Commission’s recent rules to regulate digital assets including cryptocurrencies in Nigeria have brought the CBN’s stance on digital assets into doubt. The SEC’s action effectively legalizes digital assets such as cryptocurrencies and NFTs in Nigeria, where the central bank had imposed an indefinite prohibition ascribing them …

Bitcoin’s price dropped to $34.5K, a level last seen when Russia invaded Ukraine. In addition, over $200 billion of the entire market’s capitalization was lost in the past few days, causing nothing but chaos for the industry. The pioneer crypto is down nearly 10% in the last seven days and …

It is highly unlikely that you haven’t heard about NFTs yet. NFT stands for Non-Fungible Token. These are digital assets that buyers and sellers can buy and sell or create on their own and sell online on marketplaces like OpenSea. NFTs can be anything from artwork, music, videos, photos, trading cards, autographs …

Jump.trade, an international gaming non-fungible token (NFT) marketplace by GuardianLink, sold 55,000 Meta Cricket League (MCL) collectibles within nine minutes of the launch on Friday. The first NFT which marked GuardianLink’s foray into the AI-powered metaverse game saw traffic of a million enthusiasts. GuardianLink is an ecosystem technology framework Meta …

Ukraine plans to become the first developed country to issue its own collection of non-fungible tokens, as it looks to capitalise on a flood of crypto donations to back its war against Russia. Mykhailo Fedorov, Ukraine’s vice-prime minister, announced the plan in a tweet on Thursday and said Kyiv would …

Check Point Research has discovered new attacks targeting cryptocurrency users in Ethiopia, Nigeria, India and 93 other countries. The cybercriminals behind the attacks are using a variant of the Phorpiex botnet — which Check Point called “Twizt” — to steal cryptocurrency through a process called “crypto clipping.” Because of the …

An expert on Cryptocurrency and alternative finance has called on the Nigerian Senate to tour the path of their counterparts in other climes to investigate the rising adoption of cryptocurrency in Nigeria despite clampdowns on accounts associated with cryptocurrency transactions by the CBN, instead of allowing things as they currently …