Nigerian government formally approves blockchain use

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Nigeria SEC will support asset-backed tokens: Bloomberg

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Metamask, Moonpay partner to allow Nigerians buy crypto directly

Ad Buying cryptocurrencies in Nigeria just became easier following the partnership between Moonpay and ConsenSys —  enabling direct crypto purchases via bank transfers on MetaMask. According to a March 21 statement, MetaMask developer ConsenSys disclosed that the new integration by Moonpay will allow users to buy their cryptocurrencies within the MetaMask mobile and Portfolio Dapp….

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

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! 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. Blockchain startups on the continent raised…

Inflation is driving crypto adoption in emerging economies

While there are many use cases for the crypto industry, the most popular use appears to be as a hedge against rising inflation. A recent Twitter thread by CoinMarketCap has revealed that citizens of countries in emerging economies battling inflation mostly use their crypto holdings as a hedge against their falling national currency. Venezuelans using…

Turkey’s rising inflation pushes citizens to crypto

In recent times, one of the major economic crises countries around the world have been facing is inflation; especially as a number of them are having to battle with the dwindling purchasing power of their national fiat currency due to the effect of the coronavirus pandemic. Turkey is battling an economic crises One country fighting…

Nigeria’s eNaira stablecoin becomes focus of new IMF report

Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF) eNaira to boost remittance The report, authored by economist Jack Ree, explained…

Crypto-loving Nigeria to launch eNaira stablecoin today

Weeks after its postponement, President Muhammad Buhari will officially launch the Nigerian Central Bank Digital Currency, eNaira, at the State House, Abuja, today. At last, Nigeria to launch eNaira today Fresh news broke on Saturday from the apex bank through its spokesperson, Osita Nwasinobi, who revealed in a signed statement that the Central Bank Digital…

Data: Bitcoin (BTC) adoption grows 1,200% in Africa

The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally.  BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase in Bitcoin activities carried out by retail investors…

Crypto-loving Nigeria begins eNaira CBDC project

Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times.  Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the…