Yesterday, Bitcoin's price remained relatively stable. However, the day witnessed a series of significant news stories. Brace yourself as we dive into the most important cryptocurrency news of the day!

May 07, 2024 at 09:54 pm

Stakeholders in the Nigerian Blockchain Technology Association (SiBAN) attribute the rise of peer-to-peer (P2P) crypto trading to a lack of regulation. SiBAN President, Obinna Iwuno, emphasizes the need for regulation to prevent criminalization and promote industry growth. The absence of regulation has left the industry susceptible to allegations of economic sabotage and manipulation of foreign exchange rates. SiBAN calls for stakeholders to collaborate in changing the negative narrative surrounding crypto and demonstrate its potential for economic development under a regulated framework.

May 06, 2024 at 01:31 pm

According to Ray Youssef, CEO of Noones, the value of P2P crypto transactions in Nigeria surpasses the officially reported $59 billion. Youssef asserts that most P2P transactions occur informally through WhatsApp, Telegram, and in-person channels, estimating the actual volume to be ten times higher than the reported figure. This sentiment emerges amid concerns over an impending ban on P2P crypto exchanges in Nigeria, with authorities scrutinizing crypto platforms for allegedly facilitating speculation and currency manipulation.

May 06, 2024 at 01:05 pm

Celebrate Eid al-Fitr with PalmPay! From April 10th to 30th, participate in the smartphone bonanza and stand a chance to win 105 smartphones, including the iPhone 15 Pro and Infinix Note 40. Join the excitement as PalmPay rewards its users for their loyalty with this special Eid al-Fitr promotion.

Apr 11, 2024 at 07:09 am

In celebration of Eid al-Fitr, PalmPay is hosting a smartphone bonanza, giving away 105 smartphones. From April 10 to 30, 2024, 5 lucky winners will be selected daily for a chance to win an iPhone 15 Pro or Infinix Note 40. To participate, PalmPay users must complete specified tasks on the app, including transfers, payments, and savings. New users can also join by downloading the app, registering, and completing KYC verification.

Apr 09, 2024 at 03:57 am