News with the tag "Nigerian Naira"

Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in its case against Ripple Labs...

Robert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria, the central bank ...

Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard Chartered forecasts Bit...

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine province, and Argentina launches a VASP registry. Mexican Billiona...

The ordeal began in February when Tigran Gambaryan, a Binance executive, and his colleague Nadeem Anjarwalla, the regional manager for Kenya, traveled to Abuja to meet with Nigerian officials. The backdrop of their visit was a significant financial crisis in Nigeria, marked by the collapse of the na...

Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian...

Historian Yuval Noah Harari criticized bitcoin, calling it a “currency of distrust.” The Nigerian naira has become the world’s worst-performing currency after erasing its early April gains due to ongoing foreign exchange shortages. Robert Kiyosaki warned of a potential collapse of the U.S. dollar if...

Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engaging with cryptocurrencies and facilitating operations for crypto exchanges was prohibited. The news raised alarms as, four months ago, Nigeria lifted the...

Nigeria’s already-fragile peace and order are now threatened more than ever as the nation struggles with food theft spiraling amid an economic crisis. People are on the edge because of the rising cost of living and food prices, which has caused attacks on grain warehouses and increasing violent unre...

Binance has officially announced its move to discontinue all services relating to the Nigerian Naira (NGN) on its trading platform. Binance, the world’s largest cryptocurrency exchange, has suspended all Nigerian The post Binance to Discontinue All Nigerian Naira (NGN) Services appeared first on Bit...