On June 14, the official exchange rate of the Nigerian naira against the U.S. dollar hit an all-time low of NGN634 per greenback. The devaluation of the naira by more than 30 percent occurred days after the Central Bank of Nigeria (CBN) disputed that it had lowered the exchange rate
June 18, 2023 1 min read
The “OG” institutional Bitcoin investment vehicle seems to have gained value as a result of BlackRock’s Bitcoin aspirations. According to data compiled by tracking platform CoinGlass, the Grayscale Bitcoin Trust (GBTC) came dangerously close to new all-time highs on June 17. Late last week, when word spread that the biggest
June 18, 2023 1 min read
After a year-long examination, the Bank of England (BOE) has come to the conclusion that blockchain technology might enable a “diverse range” of new monetary applications, bringing the BOE one step closer to introducing its own digital currency. The BOE and the Bank for International Settlements (BIS) collaborated on a
June 16, 2023 2 mins read
Twitter user @LucieSHIB, a content marketer for the Shiba Inu ecosystem, has posted a long teaser for a forthcoming SHIB feature dubbed the IRL component to the SHIB army. She spoke on the enormous potential that the actual world has for SHIB’s physical integration, going “beyond the digital realm.” Hey
June 16, 2023 2 mins read
According to those acquainted with the case, the Montenegro High Court has granted bail to Terra co-founder Do Kwon and former CFO Han Chang-joon. The High Court judge who oversaw the probe also determined that South Korean nationals who were being held for possible extradition to South Korea would stay
June 15, 2023 2 mins read
On Thursday, the European Central Bank (ECB) announced a 25 basis point increase to its benchmark interest rate, which is one of three main rates set by the ECB. In light of the decision made by the bank’s Governing Council, the interest rates on the bank’s primary refinancing operations, marginal
June 15, 2023 1 min read
Shiba Inu has lately gained attention for its vibrant community and prominent support. Both the trailer for Rocket Pond and the metaverse enhancements it promised have now been released. Welly’s launch of fully connected stores and Shiba Inu advocate Shannon Bray’s support for the memecoin has got the community excited.
June 14, 2023 1 min read
The insolvent U.S. branch of the cryptocurrency exchange Bittrex will reopen for withdrawals on Thursday. The decision comes after Delaware bankruptcy judge Brendan Shannon’s ruling on Tuesday. The ruling stated: The exchange can “permit their customers holding undisputed, noncontingent, and liquidated claims to withdraw cryptocurrency assets and fiat currency from
June 14, 2023 1 min read
The Layer-3 infrastructure network for decentralized apps, Orbs, has announced the permissionless beta launch of TON.Vote, a revolutionary DAO-based governance solution for The Open Network (TON). Any TON-based project that wants to incorporate DAO-based governance may now utilize TON.Vote, according to Orbs, with STON.fi, EvAA, TON Punks, and Fanzee were among
June 13, 2023 3 mins read
A lawsuit filed against Galaxy Digital, a cryptocurrency investment business, was recently rejected, meaning that it would not have to pay damages related to its broken acquisition deal with crypto custodian BitGo. When announcing the court’s decision to throw out the lawsuit, Galaxy said that it was “pleased” with the
June 12, 2023 2 mins read