Author: Bolu Abiodun

#MyCryptoJourney: Munachi Ogueke, CBO, YellowCard Financial It is fair to say that scams and scam coins played a role in the popularity of cryptocurrencies. A lot of big names in the crypto sphere got their first contact with crypto either through a scam or scam coin.  For Munachi Ogueke, the crypto journey started with bitcoin but scam coins kept the ball rolling. The uniqueness of Munachi’s story, however, lies in the fact that he wasn’t in it for the gains but for the knowledge. Intrigued by how a single currency could be transacted without a third party and be globally…

The Central Bank of Nigeria CBN on the 5th of February 2021 caused an uproar within the crypto community in Nigeria and globally. The Apex bank released a circular that prohibits financial institutions from processing crypto-related transactions. Banks and other financial institutions were also directed to close accounts that made crypto-related transactions. As expected the directive did not sit well with crypto enthusiasts, traders and most Nigerians alike. In the CBN’s defence, they were protecting Nigerians from crypto-related scams, volatility of the crypto market and several evils perpetrated with cryptocurrencies. Though valid reasons, many Nigerians still express their resentment of…

Francis Obasi Meet Francis Obasi I first heard about Bitcoin in 2016, at the height of the MMM boom. At the time, the MMM founders were introducing MMM Bitcoin. It was a way of reducing the pressure on the fiat currency. MMM was at its climax then, the story curve was flattening and it was at the point of reaching its denouement. Regardless, I started researching what Bitcoin was. I discovered that it was internet money that could be used as a means of exchange. I went further to unlock more information about it. I learnt about how it could…

Image Credit: Lead Wallet / Twitter (Image was modified) Cryptocurrencies are getting more popular each year, but mainstream adoption and usage of digital currencies and assets are nowhere close. According to Buy Bitcoin Worldwide, 1.3% of the world’s population uses bitcoin. While a great number of people might know about cryptocurrencies, very few people own or use them.  For Francis Obasi, the CEO of Lead Wallet, a major obstacle to crypto adoption is the ability to create and simply use a crypto wallet. Whether trading, staking or hodling, owning a wallet is the basis of transacting in crypto. This is…

Image Credit: Ubirch.de Ubirch is a German-based company using blockchain to solve real-world problems globally. The company is utilizing blockchain in innovative ways across several industries. By providing secure, portable, and immutable data, Ubirch is one company showing the world just how ground-breaking blockchain is.  Surprisingly, the company started in a garden. Founder and Co-CEO Stephan Noller, connected a birch tree in the garden to the internet with an IoT (internet of things) device he designed. Mentioning the name of the tree in a tweet, caused lights on the tree to glow. The company has since been able to link…

Anjali Nair / MSNBC; Getty Images NFTs or non-fungible-tokens have exploded in popularity in 2021. With high profile sales such as Twitter CEO, Jack Dorsey’s first tweet and Beeple’s $69 million art, NFTs are now some of the most talked-about trends in the world of crypto and blockchain. In the past month alone, NFT sales ran to about $220 million, while the entire NFT sales in 2020 were around $250 million. Investors are not oblivious to this trend as they are actively pouring funds into NFT startups. Last year NFT startups raised a total of $35 million. This number has…

AI researchers are constantly coming up with ways to make the technology serve us better. However, while these services are impressive they can be a tad creepy. A time when social media will be able to like pictures on our behalf, based on how our brain reacts to the picture sounds quite uncomfortable. Although Instagram isn’t working on an algorithm that tracks brain waves, researchers from the University of Helsinki and Copenhagen University are. This AI matchmaker can tell when you find someone attractive. It creates a database of this information and knows the kind of faces you find attractive…

Image credit: Beeple / ArtStation Creating digital formats of real-world assets is one of the many innovations blockchain is bringing to the world. From buildings to entire estates and more recently, art, blockchain is gradually altering the current protocols of ownership as well as identity. Proving ownership of an asset with blockchain is a million times easier than the existing ways. With such levels of immutability owning, the rights to something just got a lot easier. Normally, owning assets such as estates and gold require a ton of paperwork and even the physical presence of both parties or representatives. With…

Image Credit: Innoson Vehicle Manufacturing /Techpoint Africa Nigeria’s first automobile manufacturer, Innoson Vehicle Manufacturing, has denied signing any partnership with cryptocurrency platform, Zugacoin. A cryptocurrency claiming to be Nigeria’s first locally-owned cryptocurrency service. The company tweeted saying, “We did not sign any Partnership with any organization on the use of any form of cryptocurrency for the purchase of any product from Innoson Group.” https://twitter.com/innosonvehicles/status/1371495533618065410?s=19 Innoson Motors / Twitter A report by Vanguard revealed that the deal was sealed on Saturday at the company’s factory in Anambra state. The false development has been received with positive reviews, as some persons have…

Cardano – $ADA The Cardano blockchain has shown a good level of growth since its inception as a third-generation blockchain. The growth of this blockchain network in extension has led to a meteoric rise in the value of its native token ADA. While ADA might pose as a good investment for crypto investors looking to make some money off it, it is important to know what has led to Cardono’s rise and what the future holds for the blockchain network and its token. To fully understand what has led to Cardano’s rise it is important to have a scope of…