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Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency Dealers

Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency DealersThe Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency dealers charge a premium on local currency banknotes. According to Olayemi Cardoso, the governor of the Central […]

Friday’s US inflation report may catalyze a Bitcoin April rally

Solanafrica Scam: Hackers Breach Ghanaian President’s X Account

Solanafrica Scam: Hackers Breach Ghanaian President’s X AccountGhanaian President John Mahama announced on March 18 that he has regained full control of his X (formerly Twitter) account from hackers who used it to promote a fraudulent cryptocurrency scheme. Two-Factor Authentication Not Enough The president’s post announcing the restoration of the account came a few days after his social media account was used […]

Friday’s US inflation report may catalyze a Bitcoin April rally

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency Trade

De-Dollarization Push: African Payment Provider Tests Platform to Facilitate Local Currency TradeAn African payment infrastructure provider is piloting the Africa Currency Marketplace, which seeks to enable countries to settle trades with local currencies. PAPSS Fees to Be Market-Driven The Pan-African Payment and Settlement System (PAPSS), a payment infrastructure provider backed by 15 central banks, is reportedly piloting a currency platform to enable countries to settle trades […]

Friday’s US inflation report may catalyze a Bitcoin April rally

MTI Co-Mastermind Clynton Marks Arrested Over Unanswered Questions

MTI Co-Mastermind Clynton Marks Arrested Over Unanswered QuestionsOne of the alleged co-masterminds of the South African bitcoin Ponzi scheme MTI has been detained for failing to provide a satisfactory explanation for the disappearance of bitcoins from his account. Marks’ Answers Unsatisfactory Clynton Marks, one of the alleged masterminds of the South African bitcoin Ponzi scheme Mirror Trading International (MTI), has been detained. […]

Friday’s US inflation report may catalyze a Bitcoin April rally

Regulatory Hurdles Fail to Deter Binance’s Popularity in Nigeria

Regulatory Hurdles Fail to Deter Binance’s Popularity in NigeriaBinance has been identified as the top cryptocurrency exchange for Nigerians due to its strong peer-to-peer (P2P) marketplace, which facilitates trading using local payment methods. Binance Stands out Despite Ongoing Dispute With Nigerian Officials Binance has been ranked the number one cryptocurrency exchange for Nigerians primarily because of its robust peer-to-peer (P2P) marketplace, which allows […]

Friday’s US inflation report may catalyze a Bitcoin April rally

Rwanda Unveils Draft Law to Regulate Virtual Assets, Providing Clarity and Oversight

Rwanda Unveils Draft Law to Regulate Virtual Assets, Providing Clarity and OversightRwanda has taken a significant step towards regulating digital asset transactions by unveiling a draft law governing virtual assets. Addressing FATF Concerns Rwandan regulators recently unveiled a draft law regulating virtual assets in the African country. The release of the draft, which identifies the Capital Markets Authority (CMA) as the regulatory authority overseeing the virtual […]

Friday’s US inflation report may catalyze a Bitcoin April rally

Nigeria’s Crypto Clampdown: Binance Users Blocked From Crypto Giveaway Programs

Nigeria’s Crypto Clampdown: Binance Users Blocked From Crypto Giveaway ProgramsBinance’s battle with the Nigerian government has taken a new turn, as users in the West African country are now blocked from participating in airdrop campaigns. Users Told Service No Longer Available Weeks after Binance’s battle with the Nigerian government reignited, users of the cryptocurrency exchange in the West African country are reportedly being blocked […]

Friday’s US inflation report may catalyze a Bitcoin April rally

Ghana’s Central Bank Cancels Costly Gold-for-Oil Barter Scheme Amid Massive Losses

Ghana’s Central Bank Cancels Costly Gold-for-Oil Barter Scheme Amid Massive LossesGhana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson Asiama, the governor of the Bank of Ghana (BOG), stated […]

Friday’s US inflation report may catalyze a Bitcoin April rally

IMF: Namibia Has No ‘Compelling Rationale’ for Retail CBDC

IMF: Namibia Has No ‘Compelling Rationale’ for Retail CBDCThe International Monetary Fund recently concluded that Namibia should not issue a retail central bank digital currency at this time. Namibia Lacks Resources to Pursue CBDC The International Monetary Fund (IMF) mission to Namibia recently concluded that there are no compelling reasons for the Southern African nation to issue a retail central bank digital currency […]

Friday’s US inflation report may catalyze a Bitcoin April rally

Report: Morocco Launches Investigation Into Crypto-Enabled Foreign Property Purchases

Report: Morocco Launches Investigation Into Crypto-Enabled Foreign Property PurchasesMorocco has launched an investigation into residents suspected of using cryptocurrencies to buy properties abroad without approval. Global Exchanges Fingered The Moroccan Foreign Exchange Office has reportedly launched an investigation into residents suspected of buying properties abroad using cryptocurrencies. Officials are also interested in understanding the role of global real estate companies that employ Moroccan […]

Friday’s US inflation report may catalyze a Bitcoin April rally