Author: Editor

Xend Finance, the first international Global Crypto bank recently made another giant stride in providing users in developing countries the opportunity to live above inflation. It announced the addition of the Kenyan shilling and Ghanaian Cedi to the list of currencies for transactions on its mobile app. This addition advances its mission of helping people live above inflation, despite the constant devaluation of their local currency. Previously, Xend Finance has taken Nigeria by storm, becoming one of the top downloaded crypto apps in the country before expanding to Ghana and Kenya. Developing economies are no strangers to the plague called…

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Nigeria’s Securities and Exchange Commission (SEC) has today released a new regulatory framework for the country’s crypto sector, signalling a major shift in attitudes from authorities towards the industry’s growing popularity. Following the Central Bank of Nigeria’s (CBN) circular in February 2021, crypto exchanges in Nigeria have been banned from working with financial institutions; however, the latest developments from the SEC could act as the precursor for a surprise move from the CBN to reverse its approach, providing critical foundations for mass crypto adoption across the country. Speaking on the SEC’s proposed framework, Owen Odia, Country Manager for Nigeria at…

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Luno, the global cryptocurrency platform that aims to put the power of crypto in everyone’s hands, has today announced that it has surpassed 10 million customers across over 40 countries. Luno has gained an additional 1 million customers in just 6 months. The news follows a successful year that saw Luno grow its global customer base by 35% year-on-year. After soaring to an all-time high market cap of $3 trillion in November 2021, the cryptocurrency market fell to its lowest level in five months in January 2022 amidst regulation concerns and a challenging macro-economic environment. Despite this – Luno continued…

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KuCoin, a world-leading cryptocurrency exchange, has released the Into The Cryptoverse Report covering cryptocurrency and blockchain adoption in Nigeria, revealing that Nigerians are embracing cryptocurrencies by virtue of having limited access to affordable financial services. Cryptocurrencies are thus becoming an alternative solution for the storage and transfer of assets. The report reveals important statistics regarding the local population, including that 33.4 million Nigerians, which accounts for 35% of the population aged 18 to 60, currently own cryptocurrencies or have traded cryptocurrencies over the past 6 months. 52% of Nigerian crypto investors allocate over half of their assets to cryptocurrencies. 65%…

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LBank CEO, Allen Wei pointed out that Nigerians are setting the pedestal of the widespread crypto adoption we are witnessing today in Africa Top cryptocurrency exchange LBank successfully holds a blockchain event for its premium users in Nigeria. Dubbed “LBank Blockchain and VIP Hangout,” the event took place on March 19, 2022, from 12:00 PM to 2:00 PM. A selected number of LBank expert traders, VIPs, and Blockchain enthusiasts were present at the exclusive hangout to familiarise more with the leading exchange. Inaugurated by LBank CEO, Allen Wei pointed out that Nigerians are setting the pedestal of the widespread crypto…

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NFTs, Web3, cryptocurrencies, blockchain and the metaverse – it is the era of hype The world has gone meta and crypto, wrapped in chains and coloured by NFTs. It is a whole new realm of digital innovation and technology that is transforming human engagement and interactions, and set to shift the boundaries of connection and commercialisation. It is also a brand-new world of security risks, vulnerabilities and valid user concerns. For in as much as these innovations can break the boundaries of human interaction, they are also new opportunities for fraud, cybercrime and scams. As Anna Collard, SVP Content Strategy…

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The event is a conscious effort to appreciate the works of all women across the globe, who are pioneering the blockchain ecosystem. In honor of Women History Month in March, women of all ages, backgrounds and nationalities are celebrating their achievements in the blockchain space in an online solidarity. Builders, creators, thinkers and educators are joining forces during the month of March to host a virtual month-long conference highlighting their contributions to the blockchain space and encouraging other women to join. Hosted by Black Women Blockchain Council (BWBC) and International Women of Blockchain (IWB), this second annual event Celebrating International…

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Plans announced for commercialization of Africarare, Africa’s first metaverse Collaboration announced with South African superstar Boity Africarare , Africa’s first metaverse is set to unlock African creativity and connect Africa to the global digital economy. At an event in Johannesburg yesterday, plans were announced for commercialization of the 3D virtual reality experience, that is set in Ubuntuland, a virtual world that marries creativity, cryptocurrency, and commerce. Firstly, virtual land will soon be available to purchase and develop, with MTN, Africa’s largest multinational mobile telecommunications company joining Africarare with an upcoming 12×12 village (144 plots of real estate) secured in Ubuntuland.…

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Giant telecommunications company, MTN has today announced its entry as the pioneer African company into the metaverse after it purchased virtual land in Africare. Africare is one of Africa’s foremost virtual reality metaverses which launched in October 2021 in South Africa. With this purchase, MTN has owned 144 plots of virtual land spanning an area of 12x12m. Speaking on this development, MTN’s Group Executive for Marketing, Bernice Samuels said that the telecoms company is has pioneered this development in Africa. “This is an exciting moment for us as we lead businesses on the continent to enter the metaverse marketplace. This…

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Polygon has recently announced a $450 million fundraising round. The round was led by Sequoia Capital India with over 40 venture capital firms participating in the round. According to the blockchain platform, the raised fund would be deployed to enable its team scale Ethereum and strengthen the mass adoption of the Web3 applications. This fundraiser is a major round by the platform since 2017 and MATIC, Polygon’s project native token in terms of market valuation is the 15th largest crypto asset. To date, MATIC has secured 3,608% against the U.S. dollar and in the previous week has moved up to…

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