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CBN upgrades its CBDC, e-Naira. Urges the usage of e-Naira over fiat currency. All financial assistance from the Nigerian government to be in e-Naira. The play of Central Bank Digital Currency (CBDC) has indeed become extremely vital for a nation to keep up its banking sector and financial economy. Ever
Several investment funds participated in the pre-Series B round. KuCoin is a major crypto exchange with over 700 digital assets. The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures. The KuCoin cryptocurrency exchange officially
When it comes to acquiring Bitcoin, El Salvador follows a “buy the dip” approach. This is the country’s lowest-cost purchase to date. El Salvador, known as the Bitcoin nation, recently stated that it had acquired 500 BTC at an average price of $30,744 per coin, totaling approx. $15.4M. President Nayib
Anchor’s total UST deposits dropped from $14 billion to a little over $11 billion. Terraform Labs is responsible for the whole Terra ecosystem’s operation and power. The algorithmic stablecoin backed by the U.S. dollar, UST, will be supported by $1.5 billion in bitcoin and terraUSD from Luna Foundation Guard (LFG)
The RSI indicates that investors aren’t too excited about the financial markets. The MimbleWimble update would improve the user experience. Litecoin announced on May 3 that its significant upgrade, MimbleWimble (MWEB), has been locked in for activation after years of work and an initial announcement in February of this year.
Cuba’s central bank has approved crypto and provided licensing criteria. The NBC reporter claims Cubans embrace the future. In reaction to the heavy U.S. sanctions, Cuba adopts bitcoin and other cryptocurrencies. According to a television report, more than 100,000 Cubans utilize digital currencies like bitcoin. For example, the NBC news
Plugging in their wallets will allow users to verify ownership of NFTs. NFTs will very probably gain new cultural clout due to the decision. There are plans to integrate non-fungible token (NFT) systems like Ethereum, Polygon, Solana, and Flow into the social media behemoth of Meta. Digital collectibles transactions rely
Dapp Token has been up 53.45% in the last 24 hours. Every contract made with Unifty is completely owned and managed by the user. Let us look at the top 3 gainers of the day as per CryptoDep. ⚡ TOP GAINERS OF THE DAY!8 May 2022$DAPPT $ELT $NIF $RACEFI $EDG
Because it fails to recoup its losses from the first quarter of this year, Ethereum’s growth seems to have halted. However, ETH was still performing well until the end of April, when it lost necessary support that might have helped it bounce back towards $3,200 while it was still edging
The purchase of TRX comes on the heels of the LFG’s recent purchase of BTC. There are currently 80,494 BTC and $100 million in AVAX in LFG’s possession. Tron’s USDD stablecoin initiative follows Terra’s UST reserve model, which is growing more popular. In addition, Tron’s algorithmic stablecoin project has recently
