Nigeria

Nigerians face US charges over online fraud worth ‘hundreds of millions’

Andrew Brookes via Getty Images US law enforcement is cracking down on a pair of alleged online fraudsters that appear to have been wildly successful. The United Arab Emirates has sent the US two Nigerian nationals, Ramon Olorunwa Abbas and Olakean Jacob Ponle, to face charges relating to large “business email compromise” scams. Abbas is …

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Demand for Charter Cities During Covid-19 Pandemic Grows Exponential – People Desire Semi-Autonomous Zones

For quite some time now, a number of libertarians, bitcoin evangelists, and blockchain entrepreneurs have been promoting the idea of charter cities and seasteading concepts. One such project, Pronomos Capital, has raised $9 million from heavyweight investors like venture capitalist Peter Thiel. Pronomos was incorporated in August by Patri Friedman, as the project is attempting …

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Africa Is Experiencing a Crypto Renaissance

Crypto adoption is making significant advances in Africa, with crypto ownership, trade volume, and regulation all moving toward greater adoption. A recent report by Arcane Research and Luno found that Uganda, Nigeria, South Africa, Ghana, and Kenya are frequently among the top 10 countries by Google searches for the word “Bitcoin.” The report describes the …

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South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption

Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country. Uganda, Nigeria, South Africa, Kenya, and Ghana are listed in the …

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This Bitcoin Documentary From Africa Is Streaming on Amazon Prime

Demand for bitcoin is still surging across Africa, regardless of the broader economic crisis, according to peer-to-peer exchange data from Paxful and LocalBitcoins.  However, there is no single “African” crypto narrative, as users in jurisdictions across the continent use the technology for vastly different circumstances.  Starting Friday, Amazon Prime will offer the documentary “Banking on …

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Fraud ring uses stolen data to scam unemployment insurance programs

Sponsored Links baona via Getty Images Fraudsters are taking advantage of both data breaches and weaknesses in government online systems to commit scams on a large scale. KrebsOnSecurity has obtained a Secret Service memo revealing that a sophisticated Nigerian crime ring has been using a “substantial” database of stolen identity data to file bogus unemployment …

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