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Nigerian Stock Exchange has felt the burn of the oil price wars as it records its worst losses since the 37% drop of market value in March 2009. It lost market capitalization of N1.87 trillion in Q1,2020. Deep Losses for Nigerian Stock Exchange and Oil Industry In March
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While many non-coiners and detractors discussed Bitcoin and the world's ecomomic crash due to the Coronavirus pandemic, investors and bitcoiners seem to see an "opportunity" in the current state of the market. With so many people around the world now working from home, as part of
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Rapper and tech entrepreneur, Akon has shared the whitepaper for his upcoming "Akoin" cryptocurrency project. The 45-page document describes Akoin as a cryptocurrency "designed for entrepreneurs in the rising economies of Africa and beyond; with a mission statement to "unlock the potential of the world'
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The South African Presidential Commission on the Fourth Industrial Revolution has expressed belief that blockchain technology and Artificial Intelligence could help reduce unemployment and foster development in the country. Speaking at the recent Blockchain Africa Conference in Johannesburg, Commissioner Mpho Dagada said the nation could experience important economic benefits through
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The Reserve bank of Zimbabwe (RBZ), the country's central bank is set to regulate cryptocurrencies, making a u-turn from its 2018 ban which prevented local banks from processing crypto payments. According to reports by local media - The Chronicle, Zimbabwe's central bank has started drafting a
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Co-founder of Microsoft Corporation, Bill Gates will leave the company's board as announced in a press release. The Billionaire businessman now 64 years old, launched Microsoft in 1975 alongside Paul Allen and has seen the company through great success over the years. Following his departure, Gates will now
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Nigeria has been graced with its first Bitcoin ATM, marking a historic moment not only for Bitcoin proponents around the world but Nigerians, eager to experience a utopian future, built on the decentralised economy. Bitcoin ATM Placed in Lagos, Nigeria Blockstale, the company behind the introduction of the Bitcoin ATM
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Renowned music artiste - Akon has opted to build his Akoin cryptocurrency project on top of the Stellar Lumens (XLM) blockchain. Announced by co-founder and president of Akoin - Jon Karas, they chose Stellar due its compatibility with their project goals. He explains: “Akoin selected Stellar’s distributed, hybrid blockchain
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Nigeria's Premier Bitcoin Exchange - NairaEx is set to unveil a new service called "NairaEx Bills" which will allow users buy airtime instantly using Bitcoin (BTC). NairaEx was launched in 2015, and ranks as the best platform to Buy and Sell Bitcoin in Nigeria. NairaEX offers
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Following a great start to the year and optimism on the potential of crypto and blockchain technology, we take a look at top blockchain and cryptocurrency events for the year 2020, in Nigeria and Africa. Blockchain Africa Conference - 11 – 12 March 2020 | Sandton, Johannesburg This year's Blockchain
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Nigeria’s Securities and Exchange Commission (SEC) finally inaugurates the Fintech Roadmap Implementation Committee in Lagos. The committee will have a say in how cryptocurrencies are classified in the coming months. The move could reshape Fintech in Nigeria. A Robust Financial Industry In 2019, the acting Director General of the
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Yet again, Google data shows that Nigeria leads the world in searches for Bitcoin. The West-African nation topped the list of nations indicating the highest interest in Bitcoin. Google Shows Nigeria Tops List of Countries Interested in Bitcoin According to Google Trends data, the top ten countries indicating the most