Nigeria

Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa

Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm Andreessen Horowitz, and Celo, …

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Unconfiscatable? Using Bitcoin to Resist Police Extortion in Nigeria

Nigerian programmer Adebiyi David Adedoyin hears knocking at his apartment door. He’s just woken up and headed to the bathroom. He decides to take his time. He’ll answer in a minute. But the knocking grows louder – and more urgent.  Inching open the bathroom door, Adedoyin sees someone clawing open his apartment window.  “Someone’s there,” …

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High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’

Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures. Anecdotal evidence seems to suggest that Covid-19 related …

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Nigerian Crypto Activity Has Been On the Rise Since April

Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto wallet Blockchain.com, Nigeria has seen the largest influx of activity on its wallet app since April 2020. Nigeria shows biggest …

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Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. The …

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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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