cryptocurrency

Coinbase lays off 1,100 employees amid cryptocurrency crash

Coinbase lays off 1,100 employees amid cryptocurrency crash

By Biodun Busari One of the biggest cryptocurrency exchanges in the world, Coinbase, has revealed it will sack 1,100 of its employees for the company to reduce expenses. The chief executive officer and co-founder of Coinbase, Brian Armstrong, disclosed this on Tuesday on its blog site, stressing the decision will afford it to “stay healthy […]
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Financial experts laud CBN’s ban on cryptocurrency

Financial experts laud CBN’s ban on cryptocurrency

Some financial experts on Wednesday in Ibadan, Oyo State, lauded the ban placed on Cryptocurrencies in Nigeria by the Central Bank of Nigeria (CBN). They told the News Agency of Nigeria (NAN) that the move was necessary considering nefarious activities that could be carried out under the guise of secrecy that shrouds cryptocurrencies. Mr Tunji […]

Cryptocurrency ban’s to protect Nigerians, financial system — CBN

Cryptocurrency ban’s to protect Nigerians, financial system — CBN

By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday said its decision to ban the use of cryptocurrencies in the country is to protect Nigerians and the nation’s financial system from the illegal nature of such currencies and the inherent risks associated with them. Recall that on Friday, the CBN ordered banks to close […]

You lack power to stop Cryptocurrency – Archbishop Sam Zuga tells CBN

You lack power to stop Cryptocurrency – Archbishop Sam Zuga tells CBN

Archbishop Samzuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Reacting to the shocking news, Archbishop Samzuga, the CEO of one of Africa’s fastest […]