TOP 10 NIGERIAN NEWS HEADLINES TODAY: 19TH APRIL 2021

1. Cryptocurrency: 1m investors liquidated, altcoins crash by 20% A significant number of investors in the crypto market have had their accounts liquidated amid the sudden drop seen in a number of altcoin assets. According to a report by nairametrics, about 1,018,638 investors had their account worth about $10 billion liquidated. The largest single liquidation order happened on Binance-BTC valued at $68.73 million. The Central Bank of Nigeria (CBN) had earlier this year directed deposit money banks (DMBs) to desist from engaging in crypto transactions. Even analysts have warned that despite the inherent gains in the crypto market it continues to pose significant risk to investors’ funds.

Cryptocurrency: 1m investors liquidated, altcoins crash by 20%
A significant number of investors in the crypto market have had their accounts liquidated amid the sudden drop seen in a number of altcoin assets. According to a report by nairametrics, about 1,018,638 investors had their account worth about $10 billion liquidated. The largest single liquidation order happened on Binance-BTC valued at $68.73 million. The Central Bank of Nigeria (CBN) had earlier this year directed deposit money banks (DMBs) to desist from engaging in crypto transactions. Even analysts have warned that despite the inherent gains in the crypto market it continues to pose significant risk to investors’ funds.