Tether stablecoin sees increased usage in Africa since January — Chainalysis This development confirms the growth in the USDT-dominated stablecoin market in Africa since 2022.
Baxi, FairMoney, and KongaPay join Zone’s decentralized payment network These fintechs follow the steps of other notable Nigerian tradfi banks in implementing Zone’s blockchain-based payments processing network
Detained Binance exec faces further delay in bail request as health falters Test Despite Tigran Gambaryan’s condition worsening, his bail request is postponed. The court is still to decide on his medical release.
Nigerian SEC grants provisional crypto licenses amid regulatory shift Crypto exchanges Quidax and Busha receive “Approval-in-Principle” as Nigeria takes steps towards regulating the crypto industry.
Herniated disc and handcuffs: Binance exec’s health deteriorates in Nigerian prison Binance disputes claims about its earnings in Nigeria, while legal battles intensify amid the six-month detention of employee, Tigran Gambaryan.
Paxful co-founder pleads guilty to AML conspiracy charges, faces prison time The plea comes after a tumultuous year for the P2P bitcoin exchange, which temporarily suspended operations in 2023.
Nigerian Binance users transact using fictitious names, CBN official testifies Olubukola Akinwumi, a CBN deputy director, revealed how Nigerians trading on Binance use false names to hide their identities.