Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular
by Bitcoinist.com
Bitcoinist.com— Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engaging with cryptocurrencies and facilitating operations for crypto exchanges was prohibited. The news raised alarms as, four months ago, Nigeria lifted the ban that prevented banks and other financial institutions from operating accounts for […]
Bitcoin News—Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports – News Bytes Bitcoin News. Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only […]
CoinJournal—Nigerian BICCoN calls for crypto exchanges round table with SEC chief amid crackdown. Recently, crypto exchanges like Binance have found themselves under serious scrutiny in Nigeria The BICCoN-led initiative for a meeting between the SEC chief and crypto exchanges reflects a commitment to fostering a conducive crypto environment. The outcome of the discussions holds the potential to shape the future trajectory of crypto regulation in Nigeria. Nigeria’s cryptocurrency […]
Bitcoin News—Paypal Partnership Allows US-Based Moonpay Users to Buy Crypto With Their Paypal Accounts – Bitcoin News. The digital asset trading platform, Moonpay, announced on May 2 that it had formed a partnership with Paypal. This partnership will allow U.S. users to purchase cryptocurrency using their Paypal accounts. Users of Moonpay can benefit from the security offered by Paypal, a payment provider known for sharing comprehensive financial information about transactions. Moonpay Users […]