Tag: Bitcoin
-
Investment in Bitcoin prone to fraud – EFCC warns
The Economic and Financial Crimes Commission (EFCC) has warned that investment in Bitcoin is prone to fraud. The Commission gave the warning on Monday in a statement, stressing that investment in Bitcoin is a high risk activity. The EFCC, therefore, warned Nigerians to be wary of fraudulent investment schemes, and also resist the temptation of…
-
After arresting Pankeeroy, EFCC goes after another Bitcoin vendor in Ibadan
Following the arrest of Nwagbo Oliver Chidera, popular Instagram celebrity known as Pankeeroy, the Economic and Financial Crimes Commission (EFCC) has arrested another Bitcoin vendor in Ibadan, Oyo State. The EFCC said the Bitcoin vendor, known as Ayomide Samuel Adebowale was arrested on Friday along with four others in Ibadan for alleged involvement in cyber…
-
Real reason why we arrested Instagram celebrity, Pankeeroy – EFCC
The Economic and Financial Crimes Commission (EFCC) has opened up on the real reason why Instagram celebrity, Nwagbo Oliver Chidera, popularly known as Pankeeroy was arrested. TheNewsGuru.com (TNG) reports Pankeeroy was arrested on Wednesday along with 34 others for alleged involvement in computer-related fraud. Operatives of the Lagos Zonal Office of the EFCC whisked him…
-
Bitcoin soars above $60,000 again on talk of reduced supply
Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption. The world’s biggest and best-known cryptocurrency hit $61,222.22 on Saturday, its highest in nearly a month. It was slightly lower at $59,907 at 0500…
-
Dollar drops, as bitcoin nears $50,000
Stock markets posted mixed results, the dollar retreated and oil steadied Tuesday, while bitcoin closed in on $50,000 for the first time as investors reacted to US stimulus and Covid vaccine developments. Asia’s main stock indices closed higher, with Tokyo posting a 30-year high, while Europe was largely stable around the half-way stage. The U.S.…
-
Senate intensifies campaign against Bitcoin, Ponzi schemes
…tasks CBN, NDIC, NSE to take up campaign against return of ponzi schemes The Senate on Tuesday asked the Central Bank of Nigeria (CBN) the Nigeria Deposit Insurance Corporation (NDIC) and the Nigerian Stock Exchange (NSE) to mount campaign against Bit-coin, a form of Crypto- currency scheme. The resolution followed a motion by Senator Benjamin…
-
MoneyGram announces partnership with Bitcoin rival, Ripple
Money transfer company, MoneyGram International, has announced partnership with blockchain firm and Bitcoin rival, Ripple. MoneyGram will test the use of Ripple’s cryptocurrency, XRP, to move funds in a faster and cheaper way as part of the arrangement. Ripple, created by the founder of Bitcoin exchange Mt Gox, has risen 31,000 percent over the past…
-
Bitcoin warnings grow more strident as Singapore central bank urges ‘extreme caution’
Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is in a speculative bubble, with Singapore central bank on Tuesday urging “extreme caution” about buying cryptocurrencies. The staggering growth of bitcoin and other decentralised digital currencies this year – with the market swelling from…
-
Japan finance minister says bitcoin not yet proven as credible currency
Japanese Finance Minister Taro Aso said on Tuesday that bitcoin has not been proven to be a credible currency and that he would watch its developments in the near-term. He made the remark to reporters when asked about his French counterpart’s comment this week that France would propose a discussion on regulating the virtual currency…
-
Bitcoin mining marketplace, NiceHash faces up to $60 million loss in latest heist
NiceHash, a Slovenian cryptocurrency mining marketplace, has said it lost about $64 million worth of Bitcoin in a hack of its payment system. “Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24…