Over the past week, Cardano has seen a surge in its market value gaining as much as 104 %.
Twitter says it might pay employees in bitcoin if they should ask to be paid by such means.
The exchange rate between the Naira and the US Dollar weakened at the NAFEX (I&E Window) to close at N398.5/$1 on Monday.
The CBN may need to look at the implication of this policy holistically while carrying stakeholders along.
Tesla has just disclosed it has made $1.5 billion worth of investments in Bitcoin.
Crypto pundits believe the action taken by the CBN was rather detrimental to the growing industry.
Bitcoin traded at $38,371.01 with a daily trading volume of $63.1 billion and is down 0.62% for the day.
The CBN explained in detail its directive to banks to desist from transacting in and with entities dealing in cryptocurrencies.
The CBN is said to have been warned by the FBI on the activities of fraudsters using cryptos to illegally bring in funds into the country.
The recent crypto prohibition by the CBN has stirred the reactions of Nigerians on social media.