A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened.
In a ruling that overturns the Central Bank of Nigeria (CBN)’s August 17 decision to freeze the bank accounts, Judge Taiwo Taiwo is quoted by The Nation insisting that the central bank could not simply rely on a mere circular when deciding to close an account.
The crypto market is trading mixed on Monday morning, with Bitcoin trading nearly 2 percent higher at $62,134. The coin has surged nearly 12 percent in the past seven days, having crossed $60,000 last Saturday. The coin is close to an all-time high as investors hoped US regulators would soon approve a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets.
Ethereum (ETH) transactions can be tricky when it comes to fees, and this is far from the first time somebody paid massive amounts for a transaction, and a failed one at that – this time USD 533,901 in total.
What it seems had happened is that this user wanted to partake in the token sale by derivatives decentralized exchange (DEX) Strips Finance. Announced five days ago, Initial Dex Offering (IDO) – aka the STRP token sale – was conducted on Sushiswap’s MISO platform on October 13, lasting for 24 hours.
LAGOS, Oct 12 (Reuters) - Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to COVID-19. Now he is hooked even though the financial authorities disapprove.
“Crypto just allows me to transact freely and within minutes we are done with our transactions,” the 28-year-old told Reuters from a friend’s studio in Lagos where he displays his works.
BeInCrypto –
Digital asset management firm CoinShares has released its weekly report on fund flows for the crypto market. The highlight of the report, published on Oct 11, is that the amount of new capital flowing in has doubled in the past week.
Bitcoin was trading at $47,473.6 by 06:42 (10:42 GMT) on the Investing.com Index on Friday, up 11.02% on the day. It was the largest one-day percentage gain since June 9.
The move upwards pushed Bitcoin's market cap up to $876.9B, or 43.37% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $1,184.9B.
