Chipper Cash Resumes US Operations After Two-Month Pause
Chipper Cash, the pan-African fintech startup, has reinstated its US money transfer services two months after a temporary suspension. The pause followed a restructuring exercise that reduced its US and UK workforce, affecting 20 employees, as the company shifted its focus to its African operations. US-based users can now send money to friends and family […]
Nigerian Officials Allegedly Demanded $150 Million Bribe Before Arresting Binance Executives
Nigerian officials allegedly demanded a $150 million payment in cryptocurrency from Binance compliance officer Tigran Gambaryan one month before his arrest in February, according to a report by *The New York Times*. The payment, reportedly framed as a bribe, was requested during a meeting with Nigerian legislators. Gambaryan and his colleague, Nadeem Anjarwalla, were given […]
SEC Chief Calls for Patriotism, Urges Crypto Traders to Halt P2P Trading Amid Ban Speculations
Nigeria’s crypto industry has faced a tumultuous week, as fears of an imminent ban on peer-to-peer (P2P) trading loom large. A high-profile meeting between the Security and Exchange Commission (SEC) and crypto industry players on Monday failed to quell concerns, instead revealing that the SEC also attributes currency market volatility to retail crypto traders. SEC […]
