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Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations.The CBN letter told local banking institutions that dealing in
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Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies -- a move that could accelerate adoption in Africa’s largest economy. Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of Finance is working with the Abuja-based Securities
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The director-general for Nigeria’s National Information Technology Development Agency, or NITDA, has said that the country could potentially expect a revenue stream between $6 billion to 10 billion from blockchain technology in the next ten years.According to a Nov. 5 announcement from the NITDA, Director-General Kashifu Inuwa spoke at a
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Nigerians are adopting more VPNs, including decentralized VPNs.The adoption comes as #EndSARS protestors are concerned the government may limit access to parts of the internet.Mysterium, a decentralized VPN, is trying to reach crypto users in parts of the world that grapple with actual and potential internet censorship.The decentralized virtual private
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OKEx has frozen withdrawals, audit firms are experiencing a backlog of DeFi projects and the Trump administration is examining DLT for national defense.Top shelfAudit (back)logsCrypto code audit firms say they are swamped with decentralized finance (DeFi) projects. Three of the most well-regarded auditors in the space – OpenZeppelin, Quantstamp and Trail of
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Nigerian programmer Adebiyi David Adedoyin hears knocking at his apartment door. He’s just woken up and headed to the bathroom. He decides to take his time. He’ll answer in a minute. But the knocking grows louder – and more urgent. Inching open the bathroom door, Adedoyin sees someone clawing open his apartment
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