In a stunning display of the contemporary art market’s unpredictability, Maurizio Cattelan’s iconic “Comedian” installation has fetched a staggering $6.2 million at Sotheby’s New York. This banana, duct-taped to a wall, has become one of the most expensive fruits ever sold, outbidding pre-sale estimates by a factor of four. The buyer, Chinese cryptocurrency entrepreneur Justin Read More…
Tag: cryptocurrency
SEC issues stern warning on Davido meme coin investment
The Securities and Exchange Commission (SEC) of Nigeria has issued a stark warning to investors regarding the burgeoning trend of meme coins, specifically citing the $Davido coin, which has recently gained media attention due to its association with the renowned Nigerian artist David Adeleke, popularly known as Davido. In May, Davido made headlines by entering Read More…
Binance executive arraigned in court for tax evasion and money laundering
In a high-stakes courtroom drama, one of the top executives from Binance, the world’s largest cryptocurrency exchange, stood before an Abuja court to confront serious allegations. Tigran Gambaryan, Binance’s head of financial crime compliance, faced charges of tax evasion and money laundering alongside his colleague, Nadeem Anjarwalla, the regional manager for Africa. The Economic and Read More…
Man sentenced to prison for $5,000 cryptocurrency fraud
In a recent ruling at the Ikeja Special Offences Court, a 25-year-old man, Babatunde Shittu, was sentenced to one year in prison for engaging in and benefiting from a $5,000 cryptocurrency fraud scheme. Shittu, who had falsely portrayed himself as a cryptocurrency investor and produced fraudulent documents to defraud the public, pleaded guilty to the Read More…
Nigeria joins 36 nations, 13 firms to meet in Washington on ransomware
This week, the White House will welcome representatives from 13 international firms and representatives from 37 nations, including Nigeria, to discuss the rising danger posed by ransomware and other cybercrime, including the unauthorised use of cryptocurrency. Last year, the informal Counter-Ransomware Initiative was launched online. This year, seven more countries and a number of new Read More…