Tag: nigeria

Sep 06 2022

Nigeria To Establish Special Economic Zone For Bitcoin, Crypto

Sep 06 2022 Published at Bitcoin Magazine under tags  binance bitcoin business crypto news

The NEPZA is in discussions with Binance and Talent City to establish a special economic zone for bitcoin and cryptocurrencies in West Africa.Nigeria seeks to create a special economic zone for bitcoin and cryptocurrencies. NEPZA is in discussion with Binance and Talent City to establish a partnership. The economic zone will reportedly mirror the Dubai Virtual Free Zone. Nigeria...

Sep 05 2022

A Virtual Free Zone in Africa Is Being Discussed with Binance

The Nigeria Export Processing Zones Authority (NEPZA) is looking to partner with Binance and Talent City for Nigeria to launch the one of its kind Virtual Free Zone in Africa.

Adesoji Adesugba, the NEPZA’s Managing Director held meetings in Dubai with officials from Binance (Nadeem...

Nigeria, Binance discuss crypto-friendly economic zone

Sep 05 2022 Published at Coinscreed under tags  binance crypto news nigeria

The planned alliance between Nigeria and Binance intends to create a digital city that welcomes cryptocurrency, much like the virtual free zone in Dubai. The government of Nigeria and the cryptocurrency exchange Binance met informally in order to discuss the possibility of creating a special economic zone to support companies involved in the blockchain and […] The post...

Aug 19 2022

Nigeria’s eNaira Nears $10M Worth of Transactions

Aug 19 2022 Published at Coinscreed under tags  cbdc enaira news nigeria

There are 270,000 active wallets and 840,000 downloads of the eNaira app. Since it was introduced last October, the eNaira, which is Nigeria's central bank digital currency (CBDC), has been used to make transactions worth $9.3 million, according to the country's central bank governor.In a speech on Thursday, Godwin Emefiele, governor of the Central Bank […] The post...

Aug 18 2022

Built With Bitcoin Completes Clean Water Project For 1,000 Nigerian Villagers

The project, funded with bitcoin, provided the Igbaruku village with clean water, where the community previously had to travel miles to reach a contaminated water source.Built With Bitcoin has completed a clean and sustainable water project in Nigeria. The Igbaruku community, with over 1,000 villagers, will no longer need to use a contaminated and unsafe water source that is miles away....

Aug 11 2022

Crypto Obsessed: Nigeria Tops Google Trends Search For Cryptocurrency Info

Aug 11 2022 Published at Bitcoinist.com under tags  bitcoin btcusd crypto ethbtc ethereum

Crypto is always on top of the list, at least that's what has come up in a study done by a popular cryptocurrency price tracking firm. According to a new research, Nigeria is hands down the most cryptocurrency curious country in the world. The West African nation has the highest rate of interest in digital currency, despite the present bear market. The study,...

Aug 10 2022

Despite Challenges, Nigerian Bitcoin Miners Are Poised To Profit

Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.This is an opinion editorial by Emeka Ugbah, host of the “Bitcoin This Blockchain That” podcast based in Rwanda.Imagine that you are nursing a cup of caffé mocha in a coffee shop in Lower Manhattan. Then you overhear this African-looking...

Aug 09 2022

Building Nigeria’s Bitcoin’s Village

Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for Africa.Nigeria is a unique country in West Africa, geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18%, and money debasement is...

Aug 08 2022

Nigeria becomes the most crypto-obsessed country after April crash

Aug 08 2022 Published at Coinscreed under tags  news nigeria

Nigeria burgeoning interest in cryptocurrencies is being spurred by the lack of competent financial services in the nation According to Google Trends information on the most popular search phrases in 15 countries, "Ethereum" searches outnumbered "Bitcoin" searches in 14 of them. Most cryptocurrencies lost more than 60% of their value from their peak valuation during […] The post...

Jul 26 2022

Can Fedimints Help Bitcoin Scale To The World?

A developer and an entrepreneur hope to bring community-based custody for Bitcoin to billions of people around the world through Fedimints.I. E-Cash Strikes BackThirty three years ago, the computer scientist David Chaum launched e-cash, a new way for people to spend digital dollars without revealing their personal information.Users plugged their...

Jul 16 2022

4 Lessons From The Oslo Freedom Forum: BTC – Cross, Aderinokun, Ardonino, Rauda

Let’s wrap Bitcoinist’s coverage of the Oslo Freedom Forum with controversy. In this last edition, two stablecoins proponents and an extremely confused journalist make their cases. Alex Gladstein, the Human Rights Foundation’s Chief Strategy Officer, has been a big proponent of stablecoins over the Lightning Network. His case is that dissidents need a less volatile currency than bitcoin. Did the Oslo Freedom Forum...

Jul 09 2022

3 Lessons From The Oslo Freedom Forum: 14 Zeroes – Bartolomeo, Nur Khalil, Stark

It’s time to visit Oslo one more time. Bitcoinist keeps mining The Human Rights Foundation’s Oslo Freedom Forum for the content all those other bitcoin sites are not interested in. We are talking about real life here, and we already went to the well a few times - one...

Jul 08 2022

3 Lessons From The Oslo Freedom Forum: Privacy & Tax – Odell, Sneidermanis, Nwosu

The Oslo Freedom Forum wasn’t a bitcoin conference, but the Human Rights Foundation made sure that its message was always present. We’ve already featured - one,...

Jul 06 2022

For Africa, By Africans: How Qala Is Building Bitcoin Developers

Jul 06 2022 Published at Bitcoin Magazine under tags  adoption africa culture events feature

A recent event hosted by Qala in Nigeria underscored the opportunity in Africa to leverage Bitcoin development for a brighter future.“Bitcoin for Africa, by Africans” was the key theme at the Qala Bitcoin developer offsite event held earlier this month in Lagos, Nigeria. And that theme, as well as the event itself, spoke to one of the...

Jul 02 2022

Bitcoin Ban In Nigeria: What Has Changed?

Jul 02 2022 Published at Bitcoin Magazine under tags  africa cbn culture feature nigeria

More than a year since Nigeria banned bitcoin services, its SEC has released updated regulations. Will the bitcoin market be affected?An order from the Central Bank of Nigeria (CBN) barring financial institutions from servicing cryptocurrency transactions, effectively “banning Bitcoin” in the country, withstands...

Jun 17 2022

Bitcoin Mining Could Be The Answer To Nigeria’s Inflationary Crisis

Renewable energy potential, wide adoption and deflationary fiat make Nigeria the perfect home for extensive bitcoin mining operations.This is an opinion editorial by Heritage Falodun, a software engineer and co-host of the “Bitcoin In Nigeria” podcast.The aim of this work is to give a brief, concise but insightful elucidation around the economic meltdown and environmental degradation in Nigeria,...

Jun 08 2022

Bitcoin Optimism: People In Developing Nations Believe Crypto’s Future Is Bright

Jun 08 2022 Published at Bitcoinist.com under tags  bitcoin btc crypto crypto news nigeria

Many in the financial establishment in industrialized economies see bitcoin and other cryptocurrencies with skepticism, as a speculative and highly volatile trend that can only end badly. U.S. and European regulators have issued dire warnings about the perils of crypto trading. In China, regulators clamp down hard on crypto mining, forcing crypto companies to shut down their operations. In underdeveloped nations, though, there...

Jun 02 2022

Analyzing Block’s “Bitcoin: Knowledge and Perceptions” Pt 2.- Awareness

Let’s start the second round of “Bitcoin: Knowledge and Perceptions,” a new report by Block based on a massive survey. Yesterday, we started the festivities by, among other things,...

May 24 2022

Report: African crypto startups venture funding grows by over 1000% in 2022

The African Blockchain Report 2021 by Crypto Valley Venture Capital (CV VC) and Standard Bank has revealed that crypto startups in Africa saw more venture funding in the first quarter of 2022 than in 2021....

May 18 2022

African Nations Resisting Bitcoin Only Delay The Inevitable

Countries in Africa have the opportunity to become global leaders by adopting Bitcoin and providing a pathway for innovation. All fiat leads to Bitcoin.There are two forward-looking countries on Earth when it comes to Bitcoin: El Salvador and the Central African Republic. These two very different countries on different sides of the globe have both come to the same conclusion: Bitcoin is...

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