Author: Bolu Abiodun

Ripple CEO Brad Garlinghouse has said in a news documentary that XRP will continue trading if Ripple goes away. Ripple has been in a legal battle with the SEC since December last year over the illegal sale of XRP. The CEO of the company took to his Twitter page to announce the lawsuit, saying it is limiting crypto innovation in the United States, pointing out that there was no wrongdoing by Ripple labs. He went on to say the lawsuit was merely an attack by the then Trump administration. On the 22nd of December 2020, the SEC charged Ripple to…

It’s not uncommon to find a lot of Nigerians who learnt about Crypto through scams. For a while, the word “bitcoin” was associated with falsehood and fraudulent acts. Though bitcoin has gained more credibility over the years, some still perceive it as a tool for illicit transactions. Adebayo Juwon is not one to be dissuaded by the dark side of crypto. After scams and trade losses amounting to millions of Naira, the veteran trader has courageously continued his crypto journey, weathering all the storms that come his way. Meet Adebayo Juwon I was informed about bitcoin during the Ponzi era…

Amidst the strong crypto adoption by institutional and retail markets, Google has added a ‘crypto’ section to its Google Finance platform.  Google, arguably the world’s most powerful search engines, added the crypto section to the “Compare Markets”  category. A click can now get users detailed information on price fluctuations within crypto markets such as bitcoin, ethereum, litecoin and bitcoin cash.  Google hasn’t always being a crypto fan Video sharing platform, YouTube, which is owned by Google’s parent company, Alphabet, has not always been friendly to crypto-related contents. Reports showed that it was taking down crypto-related videos without clear reasons. Prior…

On the 25th of February 2021, the Bank of Ghana issued a press release revealing how it intends to handle innovations in the financial space. With special preference given to blockchain, this stance by Ghana’s Apex over blockchain and by extension cryptocurrency, largely contradicts that of its West African counterpart. The Apex Bank of Africa’s largest economy has only a few weeks ago expressed its distrust for the blockchain-powered currencies, noting that they are a means to an illegal end. While the Central Bank of Nigeria has since received a unanimous backlash from many Nigerians, hopes that it will reverse…

Ardor’s innovation in blockchain is not one that can go unnoticed. Its child chain platform allows anyone from individuals, startups and large corporations to easily build their own Blockchain service. This blockchain-as-a-service (BaaS) framework, that incorporates several blockchain uses asides crypto, now has a new and improved third version that promises to serve developers better. What is Ardor? Launched in 2018, Ardor is an open source multi-chain platform that seeks to make blockchain services available to anyone. Ardor brings a unique level of scalability and security to blockchain.  Like Ethereum, Ardor works on smart contracts. Uniquely, it offers blockchain solutions…

After the Central Bank of Nigeria released a circular instructing the banks to play no role in crypto trading and investing, there has been a frenzy on social media. While enthusiasts and traders largely condemned the actions of the CBN, most are assured that the new directive will not impede crypto activity in the country. Veteran traders took to twitter and other social media platforms to dispel any form of panic among holders and other traders. Interestingly, after the circular was released, bitcoin peer-to-peer trading increased dramatically in the country. Nigeria already holds a top spot in the world, when…

The Central Bank of Nigeria in a circular released dated 5th, February, 2021 has prohibit banks and financial institutions from processing bitcoin and cryptocurrency related transactions. According to the circular, Deposit Money Banks, Non-financial institutions and other financial institutions are no longer allowed to have anything to do with cryptocurrencies and other digital assets. The Apex bank also added that all accounts associated with crypto transactions should be closed. It warned that financial stakeholders who do not adhere to the directive will face stiff sanctions. Nigeria’s social media react to CBN’s directive The new directive has sparked bitter reactions by…

Currently there are over 2,900 cryptocurrencies in existence. With so many options to choose from, it’s only wise to invest in the best performing coins.  While bitcoin remains a trend setter in the crypto space some alts seem to be going a different route than bitcoin – sometimes. Bitcoin had an all time high of $42,000 but now stalls at an average price of $31,000. While investors are on the lookout for more institutional investors some alts have recorded impressive all time high. Bitcoin no doubt is still the leader of the pack but there are other cryptocurrencies that could…

The buzz around crypto is catching the attention of people outside the crypto universe. The thrilling events taking place in this decentralized world are turning passers-by into onlookers. Bitcoin has always been at the forefront of media coverage, valiantly representing over 3000 altcoins in existence. However, altcoins are now stepping out of the bitcoin shadow. One of such coins is dogecoin. After gaining a whopping 500% rise in just 24hrs, the coin that seemingly started out as a joke, is now one of the most popular coins. The birth of dogecoin wasn’t out of wedlock, neither was it a serious…

Nigerian music power house, Davido, has revealed plans to start a bitcoin trading company. The singer revealed in a tweet, that he is “thinking of starting a bitcoin trading company”. Prior to this tweet, Davido had announced his partnership with Bitsika, his very first fintech partnership in October 2020. Since the partnership, the company has been experiencing immense growth, seeing a 4000% increase in transaction volume. While a lot of Davido’s fans supported him, most were either lobbying for job roles, or giving him options for a company name. Some of his fans equally suggested that as opposed to creating…