What's Hot

    Praiz Foundation Celebrates 6th Year Anniversary

    March 18, 2023

    I’m the first millionaire in my family – Singer Crayon affirms

    March 12, 2023

    Actress Chioma Akoptha is confident and self-assured as she clocks 43

    March 12, 2023
    Facebook Twitter Instagram
    The Daily Page
    • Home
    • About
    • Privacy Policy
    Facebook Twitter Instagram
    SUBSCRIBE
    • Home
    • Entertainment
    • News
    • Sports
    • Movie News
    • Movie Reviews
    • Features
    • How to
    The Daily Page
    Home»News»JUST IN: Elon Musk invests $1.5 billion in bitcoin
    News

    JUST IN: Elon Musk invests $1.5 billion in bitcoin

    MayowaBy MayowaFebruary 8, 2021Updated:February 8, 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    While Nigeria bans cryptocurrencies, Tesla buys bitcoin big

    By Temi Joshua

    Bitcoin price rocketed to an all-time high of $43,730 per bitcoin on the Luxembourg-based Bitstamp exchange, after the electric car maker, Tesla, revealed it bought $1.5 billion worth of bitcoins.

    This is coming few days after Nigeria banned cryptocurrency transactions.

    The company said in a filing with the United States’ Securities and Exchange Commission, on Monday that it bought bitcoin for “more flexibility to further diversify and maximize returns on our cash.”

    The company, owned by the world’s richest man, Elon Musk, said a filing with the United States’ Securities and Exchange Commission, on Monday that it bought bitcoin for “more flexibility to further diversify and maximize returns on our cash.”

    Elon Musk furthered revealed that it will start accepting payments in bitcoin for its products.

    Nigeria ban crypto currency

    On February 5, 2021, the Central Bank of Nigeria, banned all form of crypto currency related transaction in Nigeria.

    This order was contained in a statement signed by Musa Jimoh, director of the payment system management department and  Bello Hassan, the director for banking supervision.

    The statement reads in parts below…

    “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited.

    Accordingly, all DMBs, NBFIs and OFIs are directed to identify persons and/or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that such accounts are closed immediately.”

     

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Mayowa
    • Website

    Related Posts

    Atystic hosts Exhibition in Ilorin

    November 30, 2022

    We can no longer vote for poverty – Peter Obi

    November 14, 2022

    ASUU finally suspends 8-month-old strike

    October 14, 2022

    Buhari promises to hand over a Nigeria free of insecurity

    October 12, 2022

    FG finally tackles insecurity in Nigeria – Lai Mohammed

    September 28, 2022

    2023: INEC lists regulations as campaigns kick off today

    September 28, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest Posts

    Praiz Foundation Celebrates 6th Year Anniversary

    March 18, 2023

    I’m the first millionaire in my family – Singer Crayon affirms

    March 12, 2023

    Actress Chioma Akoptha is confident and self-assured as she clocks 43

    March 12, 2023

    Actor Adeniyi Johnson and actress Seyi Edun welcome twins after 7 years of waiting

    February 28, 2023
    Facebook Twitter Instagram Pinterest
    • Home
    • About
    • Privacy Policy
    © 2023 The Daily Page.

    Type above and press Enter to search. Press Esc to cancel.