Bitcoin Mining Firm Faces $100M Bankruptcy Debt
Favour Rhodium Enterprises, a significant player in the sector, has filed for bankruptcy under Chapter 11 in Texas. This follows a series of bankruptcies among Bitcoin miners, as the industry grapples…
Binance CEO Speaks Up Over Gambaryan’s Detention
Binance is sounding the alarm over the ongoing detention of its employee, Tigran Gambaryan, in Nigeria. It’s been six months since Gambaryan’s arrest, and Binance CEO Richard Teng is urging…
Bitcoin as a currency: The Good and Bad
Bitcoin is designed to challenge the status quo and provide an alternative to the traditional financial systems that have failed so many. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, envisioned…
Bitcoin: A Revolution in Your Pocket
Remember the financial crisis of 2008? It was a total mess. Banks were failing, and people were losing their money left and right. That’s when a mysterious guy named Satoshi…
Everything You Should Know About Crypto Security.
Before you hit “send” on that crypto transaction, ask yourself: Are my crypto transactions secure? The crypto world has incredible opportunities, but you face significant risks if you don’t take…
The Best Place to Sell your Bitcoin Today in Nigeria
Earlier in March this year, the Nigerian government tightened crypto regulations, resulting in the removal of P2P trading and Binance. They aimed to crack down on illegal activities, like money…
USDT: The Digital Solution for Currency Fluctuations in Africa
What would you do if you had one million dollars? In a place where inflation can make managing money difficult, sustaining financial stability looks unrealistic. That is until USDT entered…
Ethereum vs Naira: Who rules the Nigerian crypto market?
Everyone talks about Bitcoin, but smart traders know that Ethereum is where the real action is. Often called “the heart of DeFi,” Ethereum is where big things are happening, and…
What to Expect from Nigerian Crypto Exchange Platforms in 2024
Just last month, OKX, a global crypto exchange, shut down operations in Nigeria, leaving users with little time to move assets. This was due to the inability to follow the…
FIRS Boss Outlines Plans to Overhaul Nigeria’s Crypto Tax System
Nigeria’s Federal Inland Revenue Service (FIRS) is gearing up for a major overhaul. The FIRS Chairman, Zacch Adedeji, recently announced plans to simplify tax laws, digitalize crypto revenue collection, and…