Fact check: Bitcoin is NOT trading at a 60% premium in Nigeria
A narrative has been doing the rounds that bitcoin is trading at a significant premium in Nigeria. A deeper look at how FX works in Nigeria reveals flaws in the bitcoin premium story.
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Binance Charity to provide free Web3 training to women in rural South Africa
The training will cover topics such as cryptocurrencies, blockchain fundamentals, Web3, coding, the metaverse, and decentralization.
Nigerian exchange Roqqu receives virtual currency license
The license allows Roqqu expand its operations to over 28 European countries.
Bitcoin-powered remittances from Europe to African bank accounts are now possible
African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.
Strike partners with Bitnob to facilitate Bitcoin-powered remittances to Africa
Africans can now receive low-cost and fast payments in their local currencies, powered by the Lightning Network. But there are questions on whether the process introduces credit, a feature of the traditional remittance system.
Crypto payments company Lazerpay downsizes its team amid struggles to raise funding
CEO Emmanuel Njoku revealed in a letter to investors.
FTX contagion spreads to Africa as Web3 venture studio Nestcoin announces exposure to the failed exchange
The CEO says a significant portion of the company’s assets are held at FTX and will now have to lay off some employees.