The crypto market has come under intense pressure after Bitcoin (BTC), the undisputed king of digital assets, crashed below $113,000 on Sunday. It also dragged Ethereum (ETH) down by over 7 per cent to $4,100 and Solana (SOL) to a grim $221. The fallout? A staggering $220 billion vaporised from the total crypto market cap, …
Niteon, one of Nigeria's largest digital export marketplaces, has announced the launch of Niteon Capital, the first neobank built specifically for African manufacturers. Founded by Nigerian entrepreneurs Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and mineral products, connect seamlessly to international …
Fidelity Investments, a financial services firm, recently bought 34,187 ETH, worth about $154 million at $4,500 per token, marking a significant step in the adoption of cryptocurrency in the mainstream financial system. According to an on-chain data report, "The world of digital assets is evolving, with institutional crypto adoption accelerating. Fidelity Investments, a firm managing …
Nigeria’s push into digital finance is under scrutiny as doubts grow about the credibility of the country’s flagship stablecoin, the cNGN. Promoted as Africa’s gateway to global crypto adoption, the project now faces tough questions about reserves, adoption, and sovereignty. cNGN’s last attested report showed about 298 million tokens in circulation as of June. By …
President Bola Ahmed Tinubu has directed the Central Bank of Nigeria (CBN) to monitor all cryptocurrency transactions, a move announced by Finance Minister Wale Edun at the 18th Annual Banking and Finance Conference in Abuja. This Nigerian cryptocurrency regulation aims to curb financial crimes like money laundering. For a leading African nation in digital currency …
Solana’s $SOL token has jumped to $237, beating Binance Coin (BNB) to claim the fifth-largest spot among cryptocurrencies, with its market value now standing at $126 billion. This impressive rise highlights Solana’s growing power, driven by big investors, fresh network upgrades, and its leadership in decentralised finance (DeFi) and real-world assets (RWAs). With Bitcoin soaring …
In the last 24 hours, Bitcoin (BTC) has maintained a steady price, trading at $111,165, showing a modest increase of 0.76%. The leading cryptocurrency has fluctuated between $108,505 and $111,716, as it remains stable amid broader market uncertainty. Despite the fluctuations, Bitcoin's stabilisation marks an important shift that could open doors for institutional investors. However, …
