Reportedly, The Governer of the Central Bank of Nigeria, Godwin Emefiele who was represented by Adamu Lamtek said the banking sector ban on servicing cryptocurrency exchanges as Blockfinest previously reported, was to protect the banking sector from activities of cryptocurrencies and not a ban on its activities. That tells also there are no restrictions for […]
Tag: Cryptocurrency Exchange
Centra Tech Co-founder Sentenced to 8 Years in Prison. Here’s Why
The United States, Miami-based company named Centra Tech’s Co-founder “Sam Sharma” has been sentenced to eight years of prison for conducting an illegal Initial Coin Offering that took $25 million of investors assets. Back in July 2017, the following person and his team held an ICO (Initial Coin Offering). The investors who had believed Centra […]
Which Countries Already Use Cryptocurrency in Purchases?
Although some so-called “specialists” tend to treat cryptocurrencies more as speculative assets than as an actual form of currency, many businesses around the world already adopted them as a regular means of payment. This is why now you can buy bitcoin with a credit card with ease because it’s becoming widely accepted. The peer-to-peer trading […]
Crypto.com to Do The Largest Token Burn in History
At the time of writing, according to the cryptocurrency data index Coinmarketcap, the 23rd largest cryptocurrency exchange by market volume Crypto.com has announced it is to burn 70 Billion of its native cryptocurrency “CRO” tokens. First of all, let me explain what is “Token Burn”. Token Burn is referred to as destroying tokens of the […]
Cryptopia Has Been Hacked Again after 2019 Hack
New Zealand-based cryptocurrency exchange founded in 2014, Cryptopia has reportedly been hacked again after its initial hack was in 2019. It was being liquidated following the previous security breach. That hack reportedly lost around NZ $24 Million. And after that, the wallet is reported to contain cryptocurrency assets worth NZ $2.7 million in total which […]
