Thu, September 24

Uganda’s Central Bank Allows Crypto Firms to Participate in Its Regulatory Sandbox

Andrew Kawere applauded the idea of sharing knowledge. The central bank has urged the BAU to educate themselves with Sandbox Regulations. Following discussions with the BAU team, Uganda’s central bank has said it is now open to allowing crypto companies to participate in its regulatory sandbox. As a result, the

June 6, 2022 1 min read

Central African Republic (CAR) Plans to Tokenize Countries Natural Resources

The World Bank has granted $35 million in development financing. Some have questioned whether using Bitcoin as legal cash would be beneficial. As part of its ambitious Sango Project, the Central African Republic (CAR) wants to tokenize access to the country’s enormous natural resources. An official statement from President Faustin-Archange

June 5, 2022 1 min read

New Bitcoin ATM Installation Across the Globe Dips Amid Global Tensions

817 Bitcoin ATMs were erected throughout the globe in the first five days of June. 1,419 ATMs make up 3.8 percent of the ATMs in Europe. Throughout the year 2022 so far, the number of Bitcoin (BTC) ATMs installed worldwide has fallen steeply, with only 202 new ATMs installed in

June 5, 2022 1 min read

Over $1 Billion Lost Since Start of 2021 as Crypto Scammers Find New Ways

Fraudsters also target customers by pretending to be a company or government. According to FTC data, many criminal organizations prefer to pay using cryptocurrencies. Federal Trade Commission data shows that over 46,000 consumers have been scammed out of over $1 billion in cryptocurrency since the start of 2021. There has

June 5, 2022 2 mins read

UAE Based Al Jalila Foundation To Allow Crypto as Donations Following Approval

The Al Jalila Foundation, a United Arab Emirates (UAE) healthcare foundation, has been granted authority to accept digital money, and well-wishers may now contribute through cryptocurrency. Al Jalila Foundation has become one of the first charitable organizations in the United Arab Emirates to accept cryptocurrencies. Unifying the Worlds of Fiat

June 5, 2022 1 min read

Russian State-owned Firm ‘Rostec’ Creates Blockchain-based SWIFT Alternative

The Novosibirsk Institute of Program Systems created CELLS. As a starting point, the system will be able to handle up to 100,000 transactions per second. Rostec, a Russian state-owned company, has developed a blockchain-based platform to let Russia and its partners conduct international settlements and store digital money. In the

June 5, 2022 2 mins read

New York Attorney General Cautions Investors Against Cryptocurrency Investments

According to James, the crypto market is “extremely unpredictable.” Bitcoin is now trading at under $30k at the time of this writing. On Thursday, New York Attorney General Letitia James issued a warning concerning cryptocurrency investments. Attorney General (AG) reiterated the view taken by other U.S. government authorities, including Attorney

June 4, 2022 2 mins read

Bitcoin (BTC) Price Consolidates Below $30K Level

The commentators have predicted that the current bear market will persist for longer. The price of BTC might fall between $22K and $24K. The Bitcoin (BTC) price has fallen below the $30k threshold yet again. The price of Bitcoin (BTC) recently had crossed the $32K mark. On the other hand,

June 4, 2022 2 mins read

KenGen Company May Provide Power to BTC Miners

BTC Mining farms are likely to be shifted to Olkaria, Kenya. The major concern of PoW will be struck out if KenGen comes into the scene. Recent news on BTC mines has increased, either its implementation of restriction or portal for a new opportunity. This news is regarding lateral, Kenya’s

June 4, 2022 1 min read

RBI Deputy Governor Weighs on CBDCs Following India’s Stance on Crypto

The RBI has long warned about cryptocurrencies being a threat. The Indian central bank is currently developing its own CBDC. RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) on cryptocurrencies, like bitcoin and ether, at a webinar organized by the International

June 4, 2022 2 mins read