President Bola Tinubu Lifts Cryptocurrency Ban in Nigeria, Pledges Support for Crypto Users

In a groundbreaking move signaling a shift in Nigeria’s cryptocurrency landscape, newly inaugurated President Bola Tinubu has fulfilled his vow to review and lift the ban on cryptocurrencies. This significant development, announced shortly after assuming office on May 29, marks a progressive step toward embracing digital currencies, including the widely popular Pi Network, which has […]

Pi Network User Reports Hacked Account, Sparking Community Concerns

In a distressing report, a Pi Network user named Anshul Sharma took to social media to share his unfortunate experience of falling victim to a hacking incident that resulted in the theft of a substantial number of Pi coins. Anshul Sharma, using the handle @adhananjaianshul, conveyed his distress through a tweet, which quickly gained attention […]

Nigeria Lifts Cryptocurrency Ban: SidraBank and Broader Implications

In a landmark decision, the Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency trading, reversing a policy implemented in 2020. The initial ban, driven by concerns over money laundering and financial instability, has been reconsidered in the wake of the global surge in the crypto market. While this move presents significant opportunities […]

Republicans Unveil Game-Changing Crypto Bill: Potential Impact on Pi Network Community

In a groundbreaking move, Republican lawmakers in the United States have revealed a draft bill that could reshape the digital asset landscape, offering potential benefits to the Pi Network community. While specific details remain undisclosed, the proposed legislation underscores a growing acknowledgment of cryptocurrencies’ importance in the modern economy. 1️⃣ Republican lawmakers have just unveiled […]

SidraBank Revolutionizes KYC: Video Selfie Authentication to Combat Fake Accounts Post Successful Mainnet Migration

In a groundbreaking move, SidraBank is gearing up to implement a cutting-edge KYC (Know Your Customer) method by introducing video selfies as a robust authentication measure. This strategic initiative aims to bolster security and eliminate the risks associated with fake accounts, coinciding with the successful conclusion of the Mainnet migration. Embracing Innovation for Enhanced Security […]

Broader Implications of Nigeria’s Crypto Shift to Sidrabank Users

The CBN’s ban, implemented in 2020, cited concerns over money laundering and financial instability. However, with the global crypto market surging in recent years, pressure mounted for Nigeria to reconsider its stance. The decision to lift the ban is seen by many as a significant step towards embracing the potential of blockchain technology and digital […]

SidraBank Poised for Potential Growth as Nigeria Lifts Crypto Ban

In a move sending shockwaves through the Nigerian financial landscape, the Central Bank of Nigeria (CBN) has lifted its three-year ban on cryptocurrency trading. This decision, effective immediately, opens the door for a range of digital assets to enter the Nigerian market, potentially including SidraBank, a cryptocurrency project with a unique focus on Islamic finance […]

JUST IN: CBN Lifts Ban On Cryptocurrency, Issues Stringent Regulations

The Central Bank of Nigeria (CBN) has lifted its two-year ban on cryptocurrency transactions, replacing it with a set of stringent know-your-customer (KYC) and anti-money laundering (AML) regulations. This shift marks a significant departure from the CBN’s 2021 stance, which cited concerns over money laundering and terrorism financing as justification for the ban. Analysts and […]

Sidrabank May Face Potential Roadblocks Despite Proactive Approach

While Sidrabank’s efforts to comply with European regulations are commendable, its journey towards full market access is likely to be fraught with challenges. Here are some key potential roadblocks: 1. Evolving Regulatory Landscape: US regulations surrounding cryptocurrencies are constantly evolving, making it difficult for companies to stay compliant. Sidrabank will need to adapt its strategies […]

Binance User Speculates on US Regulatory Dynamics and Binance’s Future

In a recent statement, a Binance user has expressed concerns over what they perceive as disparate treatment by US authorities towards Binance and its founder, Changpeng Zhao (CZ), in comparison to FTX and its CEO, Sam Bankman-Fried (SBF). The user suggests that the US regulatory bodies, particularly the SEC, have exhibited a more lenient approach […]

SidraBank Dev Team Prioritizes Security, Mandating KYC for All Balance Transfers

In a significant move to safeguard user assets and bolster the overall security of the platform, SidraBank’s development team has announced that Know Your Customer (KYC) verification will be mandatory for all balance transfers from TestNet to Mainnet. This decision underscores the team’s unwavering commitment to ensuring the highest levels of security and compliance for […]

Soccer Star Cristiano Ronaldo Sued Over Binance Promotion

Soccer superstar Cristiano Ronaldo is facing a proposed class-action lawsuit from investors who claim they suffered losses due to his promotion of the cryptocurrency exchange Binance. The lawsuit, filed in a Florida federal court on November 27, alleges that Ronaldo promoted Binance’s unregistered securities, including its BNB token and its crypto yield programs. The complaint […]

Pi Network Demonstrates Commitment to Data Privacy with Successful GDPR Compliance Test

GDPR Compliance

Pi Network, a prominent cryptocurrency project, has successfully passed the General Data Protection Regulation (GDPR) Article 27 compliance test, a significant milestone in its journey towards ensuring robust data protection for its users. This achievement reinforces Pi Network’s dedication to safeguarding user privacy and adhering to the stringent data protection standards set forth by the […]

Top 10 Reasons Why SidraCoin May Not Be Restricted In The United States And The Middle-East

SidraCoin, the native currency of the SidraBank cryptocurrency Network, is poised for unrestricted use in both the United States and the Middle East despite stiff regulatory enactments, which could be a significant milestone for the project and the broader adoption of cryptocurrency in these regions. This stems from the project’s unwavering commitment to adhering to […]

Cryptocurrency Community in Turmoil: Reflections on the SBF Verdict and Its Potential Impact on Sidrabank Coin

The recent conviction of Sam Bankman-Fried (SBF), the founder of the now-defunct FTX crypto exchange, has sent shockwaves throughout the cryptocurrency industry, prompting leaders to reassess their strategies. As the dust settles on SBF’s legal troubles, the broader market, including emerging players like Sidrabank Coin slated for listing on both centralized (CEX) and decentralized (DEX) […]