Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank digital currency) an attractive option to use. E-Naira Still Unattractive to Users Some Nigerian experts have expressed doubts about claims by the Central Bank of Nigeria (CBN) that many residents…
The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On Dec. 13, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds. Despite expanding the number of assets available for investment by mutual funds, the document prohibits fund managers…
sponsored OKEx Blockdream Ventures Bets on the WAX Ecosystem with WAXP Token Purchase (Miami, FL) December 13, 2021 一 The Worldwide Asset eXchange (WAX) announced today that OKEx Blockdream Ventures are placing a bet on the WAX Blockchain Ecosystem, purchasing a significant position in WAXP tokens with the exact token quantity undisclosed. WAX is the most utilized blockchain in the…
The crypto industry has enjoyed astronomical growth over the last couple of years. Now, talent recruitment experts say that crypto firms are in dire need of good leadership to scale their businesses. Previously seen as a nascent market, crypto is now a fast-maturing industry that attracts a lot of talent, David Richardson, partner at executive search firm Heidrick & Struggles,…
Bored Ape Yacht Club (BAYC) NFTs are some of the most expensive and well-known NFTs around. Now, one of them has been accidentally sold for $3,015, despite being valued at $300,000, per CNET. A review of OpenSea confirms the transaction, which was made on Saturday. The owner previously bought the NFT for 1 Ethereum on May 30. At that time,…
Elon Musk has been named Time Magazine’s Person of the Year for 2021. The South African-born entrepreneur and Tesla CEO has made a series of crypto-related headlines this year. After Tesla dropped half a billion dollars into Bitcoin in February, Musk famously u-turned on the flagship cryptocurrency after noting the damage it does to the environment. Musk has also frequently…
Bitcoin, the crypto industry’s largest cryptocurrency, is often called a “digital gold” due to its characteristics of a store of value with a finite supply. The cryptocurrency’s total supply is limited and pre-defined to just 21 million; as soon as these coins are mined, no more can be created. Until that cap is reached, however, new coins are created through…
Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use. As per a report published in Bloomberg, the NUG will accept Tether for its ongoing fundraising campaign seeking to topple the current military regime in Myanmar. The…
Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant shows derivatives investors leading the way when it comes to bullish bets on Bitcoin. “Sick” BTC price indicator favors bulls The second half of November produced a marked uptick in the buy/ sell…
Solana, the fifth-largest cryptocurrency by market capitalization, is leading on-chain development charts despite a recent denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12 and Dec. 13, followed by…
