Nigeria’s push to adopt digital currency and move towards a cashless society shifted into high gear on December 6, when the country’s central bank announced a cap on cash withdrawals, either over the counter or via ATMs. The new policy affects more than 200 million people, and its impact could be far-reaching and dramatically unpredictable. The Central Bank of Nigeria…
Illustration by Mitchell Preffer for Decrypt Just when you thought the torrent of gossip was starting to subside in Cryptoville, this week crypto Twitter was slammed by a barrage of news that turned it back into its usual self: a festering hive of gossip, hot takes, judgements and speculation. Two of the three bombshells dropped on Monday, giving people the…
Billy Huang runs a metaverse advertising agency. Well, he definitely runs an advertising agency. And not so long ago, that agency did attract a suite of established brands hungry to cash in on the untold potential of the internet’s newest, immersive, virtual frontier. But given the year’s events, Huang’s now thinking about dropping the “m” word. “Maybe now that the…
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has formed a committee with Houlihan…
Despite widespread mockery for a “major announcement” from former U.S. president Donald Trump that turned out to be the launch of an official NFT collection, Trump Digital Trading Cards have nonetheless captured the attention of traders. The collection spiked in trading volume after it launched on Thursday, to 5,548 ETH or over $6.5 million as of Sunday morning, according to…
The capacity to digitally authenticate almost everything, and the possibility of monetizing in ways nobody couldn’t even imagine before. These are some of the ways in which the documentary series “NFTMe” introduces nonfungible tokens (NFTs). The show features artists, collectors, and industry professionals across the world sharing their experiences with NFTs and how the merger between art and technology has…
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection’s floor value is now .49 ether or roughly $578. Trump NFTs Sell out, Cards Quadruple in…
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States. Cryptoqueen’s Partner at Onecoin Admits Role in Multimillion-Dollar Fraud Co-founder of Onecoin Karl Sebastian Greenwood…
Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Musk announced that a mass of inactive accounts would be purged. Finney’s wife has since jumped in, and tweeted from Hal’s former account to ensure it survives. In…
Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking to expand market presence and increase interaction with authorities. Binance to Assist Azerbaijan’s Monetary Authority With Regulations for Cryptocurrencies The world’s largest exchange for crypto assets, Binance, is ready to…
