US: Two Nigerians Indicted for $270,000 Bitcoin Fraud Scheme

According to an official notification published April 24, 2019, by the U.S. Department of Justice for Oregon, two Nigerian nationals have been charged in a 13-count indictment with regard to their alleged involvement in an online bitcoin fraud scheme. Criminals Continue to Use Digital Currencies The rising popularity of cryptocurrencies has made it a favorite among conmen. This is because committing fraud through digital currencies is slightly easier due to the lack of general awareness and know-how among the common populace. This fact was refreshed when the U.S. Attorney’s Office…

New Pos by Pundix Allows Nigerians to Make Payments in Bitcoin

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market. Also read: Payments Platform Wirex Launches Iban For Spanish and French Users, Doubles Account Limits Payments Go Crypto With ‘a First for Africa’, in Nigeria, by Pundix A Nigerian importer and distributor of agriculture products has installed a point of sale…