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This story originally appeared in The Continent, the pan-African weekly newspaper designed to be read and shared on WhatsApp. Subscribe here. Bitcoin. The currency of choice for drug dealers, terrorists, investors, spaceship enthusiasts —  and ordinary people, including many of us who just want to get paid for an honest day’s work.  Bitcoin. Because of...
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Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments...
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In 1983, the novelist Chinua Achebe published a short treatise called The Trouble With Nigeria. With characteristic acuity, his very first paragraph answers the question posed in the title.  “The trouble with Nigeria is simply and squarely a failure of leadership. There is nothing basically wrong with the Nigerian character. There is nothing wrong with...
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OKEx has frozen withdrawals, audit firms are experiencing a backlog of DeFi projects and the Trump administration is examining DLT for national defense. Top shelf Audit (back)logsCrypto code audit firms say they are swamped with decentralized finance (DeFi) projects. Three of the most well-regarded auditors in the space – OpenZeppelin, Quantstamp and Trail of Bits – told...
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Nigeria prides itself as a footballing nation. Of all sports, football easily weaves itself in folklore about the west African country; and it is for the reason every citizen is ostensibly regarded as a fan, hence the term “200-million fans”. Frank Osayi fell within this category, and it wasn’t until he was 13, when he...
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Nigerian programmer Adebiyi David Adedoyin hears knocking at his apartment door. He’s just woken up and headed to the bathroom. He decides to take his time. He’ll answer in a minute. But the knocking grows louder – and more urgent.  Inching open the bathroom door, Adedoyin sees someone clawing open his apartment window.  “Someone’s there,”...
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