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Bitcoin: Hackers' 'anonymous' currency
16 May 2017
The perpetrators of the global cyberattack that caused havoc in 150 countries demanded "ransom" money in bitcoins, but experts believe the anonymity that the virtual currency affords is not necessarily impenetrable.
More Nigerians turn to virtual currency, ignore CBN ban
3 Mar 2017
Despite this crackdown on virtual currencies in banks, international transactions have continued online using virtual currencies as more countries embrace the payment mode.
CBN bars banks from bitcoin, virtual currencies
18 Jan 2017
The warning by the apex bank yesterday was contained in a circular by the CBN Director of Financial Policy and Regulation Department, Mr. Kevin Amugo, a copy of which was obtained by The Guardian.
Bitcoin plunges as China investigates exchanges
12 Jan 2017
Bitcoin prices plummeted after China's central bank announced it was investigating exchange platforms trading in the virtual currency.
Surging Bitcoin breaks through $1,000 barrier
3 Jan 2017
The value of Bitcoin surged above $1,000 on Monday as the digital unit continues a dizzying rise that made it the best-performing currency of 2016.
CBN, NDIC plan AMCON’s replacement
12 Dec 2016
The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have commissioned a study on the establishment of an institution ...
Policy for the future: Lessons from bitcoin
4 Oct 2016
If you took a time machine back to 1980, gathered a room full of policy makers and economists, and asked them what sectors would be the most valuable sectors in 2016 ...
Bitcoin not money, judge rules in victory for backers
6 Aug 2016
Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system.
Bitcoin worth $72m stolen from Bitfinex exchange in Hong Kong
5 Aug 2016
Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange.