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5 Best Practices for Safeguarding TOTP Tokens Against Cyber Threats

Posted April 20, 2024 by Georgia Briggs

In today's digital landscape, cybersecurity proves more paramount than ever before. Businesses progressively depend on two-factor authentication (2FA) in order to shield sensitive information while Time-based One-Time Password (TOTP) tokens have emerged as a favored option. Nevertheless, these tokens remain vulnerable to cyber threats. Throughout this article, we'll delve into…

Nigerias naira loses ground on forex black market just a few days after devaluation

Posted June 2, 2022 by Georgia Briggs

Nigerias naira has lost ground on the black market only a few days after being devalued by the central bank in a bid to shore up government finances and stem a dollar shortage. The naira was trading at around 400 to the dollar on Tuesday, compared to 380 on Friday,…

Elon Musk tempts McDonalds to accept Dogecoin McDonalds replies only if tesla accepts grimacecoin

Posted May 7, 2022 by Georgia Briggs

In response to a tweet from Elon Musk asking if McDonalds would accept Dogecoin, the fast food chain replied that they would only do so if Tesla accepted Grimacecoin. This was in reference to one of the mascots of McDonalds. While it is unlikely that either company will actually start…

Federal high court of nigeria approves enaira CBDC rollout

Posted May 4, 2022 by Georgia Briggs

The Federal High Court of Nigeria has approved the Central Bank of Nigeria's (CBN) plan to rollout a central bank digital currency (CBDC), known as the "enaira." This approval comes after the CBN had previously announced its intention to launch the enaira, a digital version of the Nigerian naira, by…

Digital asset marketplace apifiny prime granted finra broker dealer license approval

Posted May 3, 2022 by Georgia Briggs

The digital asset marketplace apifiny prime has been granted approval by the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer. This is a significant development for the company, which will now be able to offer its services to a wider range of clients in the United States. Apifiny…

Nigerian vice president says current naira exchange rate artificially low

Posted April 23, 2022 by Georgia Briggs

Nigerian vice president says current naira exchange rate artificially low, calling for it to be allowed to float freely. Speaking at a business forum in Lagos on Tuesday, Vice President Yemi Osinbajo said the country's currency should be allowed to find its "true value" on the open market. The naira…

Ghana gearing for central bank digital currency pilot

Posted April 11, 2022 by Georgia Briggs

Ghana's central bank is looking to launch a digital currency pilot in the coming months, according to a report. The Bank of Ghana is reportedly working on a framework for the issuance of a central bank digital currency (CBDC), which would be used for interbank settlements and retail payments. The…