TL’DR, Nigerian crypto startup Obiex bootstrapped its way to $731.5 million in annual trading volume and 100,000+ traders without any venture capital, proving profitability beats funding rounds. Faced with a product failure and a nationwide crypto ban, the founders pivoted twice—ultimately succeeding by building a trading platform that solved user pain points like…
TL;DR, After a $19.35 billion liquidation event, the crypto bull run is paused, not over, as liquidity and capital rotation patterns hint at a continuation. The market is split: bears point to stalled ETF flows and a 20% BTC drop, while bulls see historical patterns where gold rallies precede Bitcoin surges. Traditional four-year cycle models…
TL;DR, Nigeria’s new crypto tax takes effect January 2026, targeting $92.1 billion in annual transactions with a 15% tax on gains above ₦800,000. Individual traders must self-report crypto profits while VASPs face strict record-keeping requirements, periodic transaction reporting, and potential license revocation for non-compliance. Fast-moving regulation (ban lifted, securities classification, CNGN push) aims to formalize…
TL:DR, July’s NFT market report displays a 36.6% decrease to $429.46 million with Ethereum leading sales despite 40.75% drop-off, and buyer activity declining 46.24% across major blockchain platforms. Solana NFTs showed resilience with only 6.97% decrease, in stark contrast with Bitcoin’s sharp 51.26% drop, as high-value sales decreased significantly after previous months’ million dollar transactions….
TL;DR, OKX exchange officially exits Nigeria on August 16, 2024, due to increasingly restrictive CBN crypto regulations affecting the entire ecosystem. Nigerian users must close all trading positions and withdraw assets before the midnight deadline as regulatory pressure forces another major exchange departure. The exit follows similar regulatory challenges faced by Binance, highlighting Nigeria’s shifting stance…
TL;DR, A devastating crypto market crash wiped $170 billion from cryptocurrencies as Mt. Gox began repaying creditor. Mt. Gox trustee announced the start of bitcoin and bitcoin cash repayments to creditors, while Germany sold 3,000 bitcoins worth $175 million, creating massive selling pressure across crypto markets. Industry analysts expect bitcoin recovery toward year-end once Mt….
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