The hackers on Tuesday stole over $600m (£433m) in one the largest cryptocurrency heists ever.
Bitcoin is within a whisker of rising through its 100-day moving average.
Dogecoin has become one of the top 10 cryptocurrencies by market cap, hitting $253 billion in trading volume monthly.
An endorsement by Twitter CEO Jack Dorsey has seen the value of joke cryptocurrency Hamstercoin rise sharply to challenge Dogecoin.
Binance has garnered global scrutiny over the past couple of months.
Isa Pantami, Minister of Communications and Digital Economy, has supported adopting blockchain technology to grow Nigeria’s economy.
“We don’t want to be caught unawares or find out later that our citizens are ahead of us.”
The administration had previously banned all trading in cryptocurrencies in Nigeria.
Nigerians are among the most interested investors in ether cryptocurrency worldwide, a new report shows.
The underlying concern is that cryptocurrencies are being used to conceal illegal transactions, including theft and drug deals, and potential tax evasion from traders.
