#nigeria
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Biden Applauds Nigeria for Releasing Binance’s Gambaryan
U.S. President Joe Biden offered his thanks to Nigeria’s President Bola Tinubu for enabling the release of Binance executive Tigran Gambaryan, who was held by Nigerian officials in February 2024 due to accusations related to Binance’s operations in Nigeria.
Nigeria Sets Sights on Introducing a New Stablecoin
Nigerian banks are teaming up with the nation's Central Bank and various blockchain companies to launch a new stablecoin, Naira (cNGN), slated for 2024. This comes after previous unsuccessful attempts by the government to initiate a similar project and a digital national currency. 
Government websites fall prey to crypto scammers
Official web portals from various jurisdictions, including India, Nigeria, Egypt, Colombia, Brazil, and Vietnam, are funneling users to a bogus MetaMask website. Visitors receive a phishing warning from Microsoft Defender the moment they access the site. Ignoring this alert and connecting one's MetaMask could result in catastrophic loss of funds.The fraudulent website is depicted beside the authentic one in a screenshot. 
Will New Tech Rescue Africa's Disappearing Languages?
Lucky Uwakwe, Chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), has called for the use of blockchain and artificial intelligence to preserve the languages of African tribes. He warned that community migrations due to security issues could lead to the extinction of many languages and dialects. 
Nigerian Banks Reopen Doors to Crypto Transactions
The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban. 
Nigeria to legalize Bitcoin after an unsuccessful CBDC project
The Central Bank of Nigeria's initiative to launch the national digital currency, eNaira, proved to be a complete failure. The government decided to allow the usage of Bitcoin and other cryptocurrencies for investment purposes instead of banning them. 1 - 12 of 12 results