11 results
- 26 Mar 2024
Money Laundering: US Slams Criminal Charges on Crypto Exchange Company, KuCoin, and its Founders
United States Government on Tuesday, March 26, indicted cryptocurrency exchange KuCoin and its two founders, Chun Gan and Ke Tang on criminal charges. Chun Gan and Ke Tang are charged with failing to…
- 11 Sept 2024
Court Freezes N548.6m of Nigerian Crypto Users over Naira Fluctuation
Federal High Court has ordered that the bank accounts of suspected cryptocurrency users on ByBit, KuCoin, and other platforms have N548.6 million frozen by the Economic and Financial Crimes…
- 4 Jul 2024
Nigeria introduces 7.5% VAT on crypto transactions
KuCoin, a leading cryptocurrency exchange, has announced it will begin collecting a 7.5 percent value-added tax (VAT) on transaction fees for its users in Nigeria. The decision follows a recent…
- 9 Feb 2021
UN Fingers North Korea in $281m Digital Currency Heist
A preliminary United Nations inquiry into the theft of $281 million worth of assets from a cryptocurrency exchange last September “strongly suggests” links to North Korea. According to industry…
- 17 May 2024
Crypto Exchanges Begin Delisting Naira from P2P Platforms- SEC
Crypto exchanges have commenced delisting of the Naira from Peer-to-Peer (P2P) trading platforms, following directives of the Office of the National Security Adviser and the Securities and Exchange…
- 7 Nov 2022
OmniBiz Africa, Emergency Response Africa, Others Receive Awards at the Nigeria Innovation Summit 2022
The Nigeria Innovation Summit 2022 with the theme: Re-imaging Innovation, organized by InnovationHub Africa, and held on October 4-8, 2022 was successfully concluded with the participation of…
- 12 Oct 2022
Funding for African Tech Start-ups Drops 54% in Q3
The level of funding for- and value in deals with African tech start-ups fell by 54% and 13% respectively on a quarter-on-quarter basis for the period to the end of September 2022 – this despite…
- 8 Jul 2024
FG Mulls Creation of ‘Nigerium’ Blockchain to Enhance Data Security
National Information Technology Development Agency (NITDA) will develop the "Nigerium" indigenous blockchain to safeguard national security, according to Kashifu Abdullahi, director general, NITDA.…
- 21 Jun 2022
Paxful says Nigerians Double Bitcoin Transactions in May
Paxful, a cryptocurrency trading platform, has reported a surge in weekly transactions on its Lightning Network. This is despite the Central Bank of Nigeria’s restrictions on cryptocurrency…
- 28 Oct 2024
Despite Crackdown, $59Bn Cryptocurrency Flow into Nigeria in 12 Months- Report
The latest report from blockchain analytics firm Chainalysis has placed Nigeria in the second spot on the list of countries leading crypto adoption globally, having received approximately $59 billion…
- 4 Nov 2024
Firm Identifies Key Signs of AI Usage in Phishing Attacks
Cybercriminals are increasingly using Large Language Models (LLMs) to generate content for large-scale phishing and scam attacks, Kaspersky’s AI Research Center experts have discovered. As threat…