Facebook Wins Reprieve as Court Restrains Nigerian Regulator’s $38.55 Million Demand
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The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55…
Aethir Launches $100M Ecosystem Fund With Blockchain Center Abu Dhabi
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Aethir has partnered with the Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. They will focus on…
Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT
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A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to…
Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
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A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting…
Nigeria Unveils Amnesty Program to Recover Illegally Held Dollars Amid Forex Crisis
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The Nigerian government has announced a nine-month program allowing individuals to deposit U.S. dollars held outside the formal banking system without facing…
Google Fuels Nigeria’s AI Ambitions With Million Dollar Grant
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The Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE) in Nigeria has announced a $1.7 million (NGN2.8 billion) Google grant to…
President Joe Biden Thanks Nigerian Leader for Role in Ex-Federal Agent’s Release
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President Joe Biden thanked Nigerian President Bola Tinubu for securing the release of American citizen Tigran Gambaryan, a former U.S. law enforcement…
Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
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Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged…