While there are thousands of cryptocurrencies like Bitcoin, Ethereum, Binance coin, Dogecoin, they all tend to work in similar ways.
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Over the years, bitcoin, ether, dogcoin and many other crypto currencies had become strong attraction to people, mostly youths.
Twenty-one-year-old Mr Jushua, an indigene of Ebonyi State but who operates from Uyo, the Akwa Ibom State capital, was arrested following petitions to the unit by several investors.
Given that Nigeria has been one of the largest cryptocurrency markets in the world over the last few years, this sent shockwaves not just through the Nigerian crypto community, but the global crypto community
It said the female suspect (names withheld) worked in collaboration with a foreign counterpart in the dark web.
The Manager, Research Department, NDIC, Adikwu Igoche, gave the warning in an interview with the News Agency of Nigeria on Friday at the ongoing 29th Enugu International Trade Fair.
In his lead debate on the motion, Uwajumogu expressed displeasure with the alarming rate at which Bitcoin, a form of digital currency, is being proliferated in Nigeria as one of the best forms of investment.
Bitcoin received a boost after Friday’s announcement by the main US derivatives regulator that it would allow CME Group Inc and CBOE Global Markets to list bitcoin futures contracts