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Home Tag Archives: cryptocurrency

Tag Archives: cryptocurrency

Technology

$TRUMP coin price jumps as Trump invites crypto holders to dinner

By Breezynews
24 April 2025
in :  Technology
0
3

Donald Trump will host the biggest holders of a cryptocurrency he launched earlier this year for dinner, the company overseeing the currency said Wednesday, sending its price surging. ‘Get $TRUMP. Have Dinner with President TRUMP!’ suggests a promotional message posted on the official website of the cryptocurrency named after the US president. The $TRUMP memecoin was launched at the end …

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Technology

Nigeria should construct Bitcoin reserve to unlock new prosperity – Tech expert

By Breezynews
22 January 2025
in :  Technology
0
2

A technology innovation expert, Hanu Fejiro Agbodje has projected that cryptocurrency and other Asset Cloud properties would unlock prosperity across the world. He therefore advocated that Nigeria should build a Bitcoin reserve, in the same manner as there are gold and dollar reserves. An estimated 33% of Nigeria’s population now invests in cryptocurrency, making the country the second only to …

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Technology

Trump debuts $TRUMP coin, surges 300% in hours

By Breezynews
18 January 2025
in :  Technology
0
4

Donald Trump has once again captured global attention, this time with the launch of his $TRUMP meme coin. Announced just days before his second term as President of the United States, $TRUMP’s market cap soared to an eye-popping $8 billion in less than three hours. Trading volumes approached $1 billion, and the coin’s value surged over 300% within minutes. By …

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Health & Living

Don’t mine cryptocurrency during work hours, Federal teaching hospital warns staff

By Breezynews
20 September 2024
in :  Health & Living
0
53

The management of the Federal Teaching Hospital in Gombe has issued a stern warning to staff regarding cryptocurrency mining and trading activities during work hours. In a circular dated 18 September, the hospital’s deputy director of administration, Adamu Usman Teld, stated that such activities are strictly prohibited while on duty. The circular reads: “I am directed to caution all members …

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Banking & Finance

SEC gives reason why they approved crypto exchange

By Breezynews
5 September 2024
in :  Banking & Finance
0
39

The Securities and Exchange Commission (SEC) on Wednesday, explained that it granted approval-in-principle to two crypto exchanges recently to give Nigerian youths the opportunity for capital market participation. The News Agency of Nigeria (NAN) reports that SEC, on Thursday, granted Busha Digital Ltd., and Quidax Technologies Ltd., “approval-in-principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP). The Director …

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Business

SEC to license crypto firms, virtual assets

By Breezynews
21 August 2024
in :  Business, Technology
0
28

The Securities Exchange Commission (SEC) says it plans to license providers of virtual assets including cryptocurrencies to tap opportunities and protect investors as adoption rates surge in Nigeria. Speaking during an interview with Bloomberg, SEC’s director-general, Emomotimi Agama said the commission intends to issue first licences for digital service and tokenised assets this month. “Being a crypto enthusiast and fintech …

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Technology

CBN should regulate, license cryptocurrency trading platforms – IMF

By Breezynews
13 May 2024
in :  Technology
0
84

The International Monetary Fund (IMF) has explained why the Central Bank of Nigeria (CBN) should issue operating licences or register cryptocurrency dealers. In its 2024 Staff Report released at the weekend, the IMF recommends that global crypto trading platforms be registered or licensed in Nigeria, like similar operators, the Bureaux De Change (BDCs), which are licensed by the CBN to …

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Banking & Finance

Crypto crackdown: FG to delist Naira from P2P platforms

By Breezynews
6 May 2024
in :  Banking & Finance
0
172

The Federal Government, through the Securities and Exchange Commission (SEC), is set to delist the naira from all Peer-to-Peer (P2P) platforms to reduce the manipulation of the local currency value in the foreign exchange market. SEC’s Director General, Emomotimi Agama disclosed this during an interactive session with the Nigerian Blockchain Industry. This is expected to be part of a couple …

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Economy

$57b crypto businesses: FG to release strict rules to rescue Naira

By Breezynews
5 May 2024
in :  Economy
0
236

The Federal Government may consider the suspension of the $56.7 billion peer-to-peer cryptocurrency market after a crucial meeting between the Securities and Exchange Commission (SEC), and digital asset operators scheduled for Monday. Nigeria’s volume of crypto transactions grew by nine per cent year-over-year to $56.7 billion between July 2022 and June 2023, according to the 2023 Geography of Cryptocurrency Report …

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Technology

P2P trading is worth $500b in Nigeria – Cryptocurrency expert

By Breezynews
4 May 2024
in :  Technology
0
111

The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500 billion business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on the astronomical P2P transactions …

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