Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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The Full CBN Circular on Crypto Unban in Nigeria

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CBN

The Central Bank of Nigeria has reversed its stance on cryptocurrency, instructing banks to ignore its previous ban in light of a new circular released on December 22, 2023.
The circular with reference number FPR/DIR/RUB/CiR/002/003, is signed by the Central Bank's Director, Financial Policy and Regulation Department, Haruna Mustafa.

The circular titled "Circular to all Banks and other Financial Institutions Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPS)" stated that the current trends globally have shown the need for crypto regulation.

However, according to the circular Banks and regulated financial institutions still can not deal with crypto either as a store of value or traceable asset on its own. So any regulated fintech (e.g. with MFB authorization) that would have wanted to use this opportunity to infuse crypto into their treasury or operational processes, is effectively still prohibited from doing so by their regulator, the CBN.

Rather, the circular allows crypto-native fintech with an SEC authorization (e.g. Virtual Assets Service Provider (VASP), and Digital Asset Exchange (DAX) to power their fiat on-ramp and off-ramp solutions by partnering with Banks and eligible OFIs) to open designated accounts, etc. See the full CBN Circular on Crypto Guidelines for details. 


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