Nigeria becomes the most crypto-obsessed nation after April crash: Report
The Google trends data for the popular search terms in 15 countries showed that “Ethereum” searches outscored “Bitcoin” in 14 of them. The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and venture capital investment. A recent study has highlighted nations’ growing curiosity and interest in crypto after the April crash.The research was based on Google Trends data of popular crypto search terms that often reflect increased interest in the crypto market. The....
Related News
A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term outlook for cryptocurrencies.”
Nigerian Solana Searches Third Highest Globally
After the cryptocurrency market crashed in April, a new study found Nigeria as the number one ranked country among English-speaking....
Crypto is always on top of the list, at least that’s what has come up in a study done by a popular cryptocurrency price tracking firm. According to a new research, Nigeria is hands down the most cryptocurrency curious country in the world. The West African nation has the highest rate of interest in digital […]
A new report from KPMG, a global network of professional firms providing tax, audit, and advisory services, has revealed that investment in Nigerian FinTech companies over the last two years has exceeded more than $200 million. The report, “FinTech in Nigeria – Understanding the Value Proposition” [PDF], states that the past three years have been formative for the sector in Nigeria, which has seen the emergence of many startups, incubators, and investments. While putting the report together, KPMG engaged with 56 FinTech companies and seven incubators and accelerators in the country. Of the....
Nigeria is set to become Africa’s FinTech hub after experiencing a boost in mobile money operations last year that has helped catapult the country to the forefront of media attention as it demonstrates its advancements in the sector. According to a report from Finextra, in 2011 mobile money operations in Nigeria grew from an average monthly transaction value of $5 million to $142.8 million in 2016. A key factor to this growth is down to the fact that Nigeria is experiencing a growing population. UN estimations predict that the population in Nigeria is expected to be greater than that in....
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria has traded the equivalent of 60,215.7 BTC – more than any other country in the world. Only the U.S. exchanged more bitcoin – 535,660.3 BTC. With trades of $55.3 million or 5,894.8 BTC,....