• Nigeria close crypto bank accounts
    Cryptocurrencies,  Regulation

    ‘Crypto is a threat’: Central Bank of Nigeria closes exchanges’ bank accounts

    An official of the Central Bank suggested that cryptocurrencies are best suited for illegal uses, and said he was alarmed by their use as a speculative asset

    “The question that one may need to ask therefore is, why any entity would disguise its transactions if they were legal," asked Central Bank of Nigeria acting director of corporate communications Osita Nwanisobi. "It is on the basis of this opacity that cryptocurrencies have become well-suited for conducting many illegal activities including money laundering, terrorism financing, purchase of small arms and light weapons, and tax evasion.”

  • Financial giants power Bitcoin $20000
    Bitcoin

    Financial giants power Bitcoin’s $20,000 bull run

    As institutions and big-name investors pile in, the first cryptocurrency passes a big psychological milestone

    The long-awaited Dec. 16 milestone follows a string of high-profile investors and financial firms jumping very publically into bitcoin. This includes Wall Street legends Stanley Druckenmiller and Paul Tudor Jones, Mexican billionaire Ricardo Salinas Pliego, and CNBC “Mad Money” host Jim Cramer, who have all revealed bitcoin investments this year.