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On February 5, 2021, the director of the Central Bank of Nigeria (CBN) released a statement reminding local financial institutions that the use and trade of cryptocurrencies remain prohibited in the country. The bank ordered all accounts involved in cryptocurrency exchanges be closed to avoid sanctions. CBN asserted this ban is anchored on a circular […]

Canadian brokerage firm RBC Capital Markets (Royal Bank of Canada) believes that Apple should launch its own cryptocurrency exchange. Since the Apple wallet is getting a lot of users from all over the world because of the cashless transaction, they proposed that the company could get US$40 billion if they enter the cryptocurrency industry. RBC

Japan’s cryptocurrency exchange Coincheck officially partners with global fan token makers Chiliz and Socios to boost sports fan token holders all over Asia in 2021. Ever since Coincheck launched its non-fungible token (NFT) marketplace in summer last year, they kept an eye on Chiliz and Socios’ recent activities. In just a few months, they were

Binance, the leading cryptocurrency exchange in the market, launched ‘Binance Pay’ that will allow users worldwide to pay and get paid in cryptocurrencies. Chief executive officer (CEO) and co-founder Changpeng ‘CZ’ Zhao told the Binance Blockchain Week audience during the company’s virtual event that it sneakily launched the beta version of the new application. According

Visa, the United States-based multinational financial services corporation, partners with First Boulevard for its newest suite of application programming interfaces (APIs) centred on cryptocurrency payments. Following Visa’s press release on February 2, the financial firm announced that the neobank will be the first to pilot its new suite of crypto APIs. This will enable its

What started as a ‘meme currency’ in 2013 suddenly surged over seven times its value in 24 hours last January 28. Dogecoin reached a market cap of $7 billion and landed the tenth position in the Coin Market Cap’s list. Along with Ripple’s XRP, one of the leading cryptocurrencies in the market, Dogecoin caught the

Crypto Finance Group, the leading company on financial services, brokerage and storage solutions, announced on February 1 that the Swiss Financial Market Supervisory Authority (FINMA) has issued a securities house license to its brokerage subsidiary, Crypto Broker AG. The license given to Crypto Broker AG will lead to their production of new products, services, and

Major exchanges such as Binance and Coinbase suspended the trading of XRP coins, which affected the price of Ripple in the market. As of writing, its price has plummeted to more than 60% in value and is struggling to recover. However, it’s showing signs of a bullish run if it gets past the US$0.33 barrier.

Forbes Magazine’s Editor-in-Chief Steve Forbes slams Bitcoin’s fixed supply limit. He claims that this characteristic of the cryptocurrency holds it back in meeting the needs of a growing economy. In an editorial he wrote for Forbes on January 15, he mentioned that Bitcoin does not have the ability to replace the US dollar because of

Investment banking company JPMorgan Chase & Co foresees a potential surge in Bitcoin’s long term value that can reach as high as US$146,000. JPMorgan analyst Nikolaos Panigirtzoglou said that Bitcoin is on its way to compete with gold as an alternative currency. The cryptocurrency is expected to climb 4.6 times to match the current market