A 15-person committee was established in the Central African Republic (CAR). A developing nation in Central Africa, to create legislation regulating the usage of cryptocurrencies. And tokenization in the country and the region. The president of the Central African Republic, Faustin-Archange Touadéra, has said that he believes cryptocurrency will play
January 23, 2023 1 min read
With the announcement of the Robinhood Wallet’s release yesterday, Robinhood has officially entered the cryptocurrency wallet market. This is mobile software that allows users to trade and transfer digital assets such as cryptocurrencies and NFTs. The wallet’s other capabilities include the ability to make cryptocurrency exchanges without incurring any network
January 21, 2023 1 min read
Compass Mining had its case rejected the day after a group of clients tried to sue the firm for more than $2 million for failing to return their Bitcoin equipment after severing links with a Russian hosting provider. The court has, however, extended the deadline for the plaintiffs to submit
January 21, 2023 1 min read
Another media outlet, CoinDesk, has run into problems only hours after it was reported that DCG’s cryptocurrency trading arm, Genesis, intends to file for bankruptcy. DCG’s own media outlet has retained the services of the Lazard Group. As financial consultants in preparation for a sale. CoinDesk would be leaving Barry
January 19, 2023 1 min read
Capital markets advisory and token offering platform Deal Box in the United States has announced the formation of a $125 million venture capital fund focused on blockchain and Web3 firms, as stated in a press release dated January 18. Deal Box founder and current chairman Thomas Carter stated: “Deal Box
January 19, 2023 1 min read
After many months of volatility in the cryptocurrency market, the Hong Kong-based digital asset exchange OSL has decided to slash its operating expenses by around a third. This involves reducing the size of the personnel; however, the company did not disclose how much percentage of its workers were let go.
January 18, 2023 2 mins read
According to BeaconScan statistics, the number of Ethereum (ETH) validators has surpassed 500,000 in anticipation of the Shanghai upgrade in March. A validator is a node in a proof-of-stake (PoS) blockchain. That verifies the legitimacy of network transactions and prevents double-spending. Staking 32 ETH, or around $50,000 at today’s exchange
January 18, 2023 1 min read
On Monday, Solflare, a wallet on the Solana network, revealed that users will be able to pay higher gas prices in order to bypass network congestion. Solrise Finance co-founder Vidor Gencel stated: “[Solflare] is the first to implement this in a user-friendly way. In-wallet transactions will automatically be prioritized with
January 17, 2023 2 mins read
According to reports, the Russian government and the Central Bank of Iran are discussing the possibility of forming a collaboration to develop a new stablecoin that may simplify cross-border transactions. The value of the token will be tied to that of gold. Vedomosti, a Russian news site, claims that officials
January 17, 2023 2 mins read
The Tanzanian central bank is still thinking about introducing a central bank digital currency (CBDC), but they claim they would do it in a “phased, cautious, and risk-based approach” due to the many potential obstacles in the way. The Central Bank stated: “Analysis of these findings indicate that majority of
January 16, 2023 1 min read
