‘The court also ordered the forfeiture of iPhone 12 Pro Max, iPhone 7, and all funds found in two bank accounts of the suspected internet fraudster’ A Federal High Court sitting in Lagos on Friday ordered the final forfeiture of 1.982, 022, 84 units of Bitcoin worth N40m, property of a suspected internet fraudster to
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Digital currency, bitcoin has witnessed an exponential growth in value to reach $50,000 for the first time. Popular cryptocurrency, Bitcoin has made history by rising to $50,000 for the first time ever on Tuesday. According to AFP, Bitcoin surged past the $50,000 mark in midday European trading, striking $50,547.70 around 1235 GMT. The price of
Read moreChangpeng Zhao, the founder of the largest cryptocurrency exchange platform in the world, Binance, has provided options on how Nigerians can safeguard their money following a ban on cryptocurrency transactions by the Central Bank of Nigeria (CBN). Every Day News had reported that the CBN in a statement, prohibited the use of bitcoin and other
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The Central Bank of Nigeria (CBN) has reportedly banned the use of Bitcoin and other cryptocurrencies in Nigeria, three months after the country became the second largest market in the world for bitcoin transactions. CBN directed financial companies operating in Nigeria to stop transactions relating to cryptocurrencies, citing its concern about risk associated to cryptocurrencies.
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