CryptoTvplus

Over the past few years, few topics in Nigeria’s financial sector have generated as much confusion as cryptocurrency regulation. Many Nigerians remember when banks stopped facilitating transactions involving cryptocurrency. Others remember the headlines about restrictions, warnings, and regulatory uncertainty. Then came another round of headlines suggesting that the government had changed its position and that cryptocurrency was now allowed again.

As cryptocurrency usage continues expanding across Nigeria, more users are searching for easier ways to convert crypto to naira without relying entirely on manual peer-to-peer trading systems that often involve delays and payment coordination issues. One platform increasingly gaining visibility within that space is Monica Cash, operated by Monica Technologies Limited, which provides automated crypto withdrawal and direct payout services for users handling bitcoin and stablecoin transactions.

In a move set to redefine the nation’s landscape for the virtual assets sector and the national economy, the Virtual Asset Service Providers Association (VASPA) has officially launched Project Green-White-Green. This ambitious initiative provides a comprehensive policy and technical roadmap designed to transition Nigeria from “regulation by enforcement” to a state of global digital leadership.

South Korea’s financial markets are buzzing after confirmation that Naver Financial, the fintech arm of Naver Corp., is in active talks with Dunamu Inc., operator of the country’s largest crypto platform, Upbit crypto exchange. The disclosure came after a dramatic 11 percent surge in Naver’s shares, sparked by reports that the two companies are exploring a potential merger deal that could reshape the country’s digital economy.

Ethereum has been on fire. With ETH hitting $4,800 and breaking past resistance levels, the world’s second-largest cryptocurrency has again stolen the spotlight. The same question echoes from Twitter threads to crypto Telegram groups to professional trading desks: why is Ethereum pumping? Bitcoin often grabs the headlines, but Ethereum has been quietly building momentum that is now impossible to ignore.

– MANTRA begins a $25M buyback of its OM token, funded by investors. – This follows Inveniam’s $20M investment, raising total commitments to $45M. – The buyback will be executed transparently, with updates shared on X and OM dashboard. – The buyback program could retire about 10% of OM’s circulating supply.

Stripe’s boldest move into crypto is acquiring the wallet infrastructure startup Privy. This acquisition positions the payments giant to blur the boundaries between fiat and digital money, thereby challenging the flow of value across the internet. Stripe is acquiring crypto wallet infrastructure startup Privy, a developer-focused crypto wallet provider, as it seeks to knit digital assets more tightly into its payments platform.

Changpeng Zhao, the former CEO of Binance, stated on Sunday that the creation of a dark pool-style decentralized exchange (DEX) for perpetual contracts is warranted now, given the growing concerns about front-running, slippage, and targeted liquidations in current market structures. In a post on social media platform X, Zhao, widely known as CZ, questioned the industry’s persistent reliance on fully transparent order books in decentralized trading systems.

Fabio Panetta, who serves as both a European Central Bank policymaker and the Governor of the Bank of Italy, urged on Friday that banks carefully scrutinize their involvement in crypto-assets due to the reputational dangers that could arise and damage customer confidence.

Builders on Arbitrum can now take advantage of the network’s gas fee program, ArbiFuel to accelerate development on the chain. Arbitrum Foundation launches “ArbiFuel, a gas fee sponsorship program for builders to empower early-stage teams and developers to build more quickly, test freely, onboard users to their products all without gas fees. The ArbiFuel applications will remain open for three months until August 29, 2025.