Patricia exchange CEO announces debt restructuring via convertible notes
Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency.
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Nigerian gov supports AI initiatives with $290K in grants
The recently introduced Nigeria Artificial Intelligence Research Scheme is designed to facilitate the widespread utilization of AI to drive economic advancement.
Central Bank of Nigeria: eNaira no threat to financial stability
Nigeria’s central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability.
Chainalysis: Nigeria’s Economic Struggles Fuel Grassroots Crypto Adoption
Sub-Saharan Africa is the region with the smallest cryptocurrency economy, representing only 2.3% of the global transaction volume from July 2022 to June 2023. During this period, the region accumulated…
Africa’s blockchain journey begins with poverty alleviation – CEO Sumotrust
Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation.
CBN missed opportunity for blockchain regulation in 2021 – Convexity CEO
Mr. Owonibi stated that a blockchain regulation strategy should have been created by the Central Bank of Nigeria (CBN) in 2021 instead of cutting ties between cryptocurrency exchange firms and…
Nigeria’s Web3 education efforts seek to tackle language challenges
The chief operating officer (COO) of Bitkova Academy, a blockchain education platform, Bello Usman Abdullahi said the language barrier is one of the current major challenges.
Nigeria Leads in Global Crypto Awareness: 99% Have Heard and 91% Are Ready to Invest
A recent study by blockchain and Web3 software company Consensys has found Nigeria to be leading in cryptocurrency awareness across all continents, with 99% having heard of the asset class…
99% of Nigerians are crypto aware – Consensys report
A survey featuring respondents from all seven continents of the world suggests that Nigeria has the most crypto-aware populace globally.
Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion
Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users.
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