De.Fi, a leading antivirus and app provider, has reported that cryptocurrency promoters and investors lose over $452 million to hackers and scammers in the first quarter of this year, representing a 65.23% decline from the loss recorded in the corresponding quarter of 2022. The report by the app provider indicated that the loss still highlighted […]
JP Morgan, an American multinational investment bank and financial services holding company, is set to launch a Bitcoin Fund for its wealthier clients as the cryptocurrency market space continues to elicit investors’ interest, despite the bank CEO’s, Jamie Dimon’s, skepticism about the digital currency. Although details about the investment plans remain sketchy, news reports trending […]
Bitcoin, the biggest and most traded cryptocurrency tumbled below the $40,000 mark on Wednesday, representing its lowest selling price in a 3-1/2 month low as China’s ban of financial and payment institutions from providing cryptocurrency services’ implementation intensified. Reuters noted that although bitcoin had been under pressure from a series of tweets from Tesla boss, […]
The Central Bank of Nigeria (CBN) has again cautioned Nigerians on investments in cryptocurrencies, pointing out that virtual currencies are not legal tender in the country. The apex bank , in a statement on Wednesday clarified that cryptocurrencies such as Litecoin, Dogecoin, Onecoin, Bitcoin, Ripples, Monero and many others and Exchanges such as NairaEx were […]
The Senate yesterday charged the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) to enlighten Nigerians on potential risks associated with cryptocurrency trading.