Thu, September 24

Nigerian Banks Embrace New cNGN Stablecoin in Addition to eNaira

Investors and the Nigerian economy stand to benefit from the new stablecoin, the cNGN, which is being developed and managed by a consortium of Nigerian institutions. Anonymous insiders within the project have confirmed that the cNGN token is linked to and supported by the Nigerian naira, the official currency of

December 23, 2023 2 mins read

Turkey Taps Specialist for Central Bank’s Crypto Policy Committee

The president of Turkey, Recep Tayyip Erdogan, has added Prof. Dr. Fatma Ozkul to the panel of crypto specialists. Fatma Ozkul, a professor specializing in blockchain technology and crypto assets, has been formally selected to serve on the Monetary Policy Committee of Turkey’s Central Bank. Moreover, the appointment of Fatma

December 23, 2023 2 mins read

Bitcoin Eyes Breaking Above $44K Mark as Bulls in Control

The cryptocurrency market is now experiencing an upswing due to the upcoming halving and the anticipation of a spot Bitcoin ETF. Surprisingly, Bitcoin has emerged unscathed from its 2022 slump, adding almost $530 billion to its market valuation with a 160% increase in value this year. There has been a

December 23, 2023 2 mins read

Nigeria Lifts Restrictions on Banks’ Facilitating Crypto Transactions

Constraints on Nigerian banks aiding cryptocurrency transactions have been removed by the Central Bank of Nigeria (CBN), almost two years after a complete ban on banks working with digital currencies was enforced. Moreover, the CBN acknowledged in a circular addressed to banks on December 22 that the rising worldwide demand

December 23, 2023 1 min read

Spain Witnesses Surge as 30 New Crypto Firms Registered in 2023

There was a significant increase in the number of crypto firms registered to operate in Spain in 2023. The official record, which is available as an Excel document on the website of Spain’s central bank, states that 30 businesses were licensed to offer virtual asset services in 2023. The number

December 23, 2023 1 min read

Hong Kong Regulators Welcome Virtual Asset Spot ETF Applications

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), two of Hong Kong’s financial regulatory agencies, have made headlines in the cryptocurrency spot ETF market with their announcement. The SFC and the other relevant authorities have announced their intention to begin accepting applications to authorize VA

December 22, 2023 2 mins read

Elon Musk’s X Platform Set to Integrate In-App Payments Mid-2024

Midway through 2024, Elon Musk’s X platform is anticipated to include in-app payment capabilities, however the incorporation of cryptocurrency currently seems distant. In an interview with Cathie Wood of ARK Invest on December 21st, Musk stated his intention to completely deploy payment services by the “middle of next year,” subject

December 22, 2023 1 min read

Can Bitcoin (BTC) Hit $46K Before 2024?

Bitcoin’s rollercoaster week concludes with a remarkable surge, surpassing $44,000, buoyed by pivotal global events signaling a seismic shift in crypto adoption. Argentinian Minister of Foreign Affairs endorsed Bitcoin, paving the way for contract settlement using BTC within the country. Also notably, El Salvador passed legislation granting citizenship to foreign

December 22, 2023 2 mins read

Bitcoin Breaks Above $44K Threshold Amidst Bulls Domination

Investors are waiting impatiently for the U.S SEC’s decision on spot Bitcoin ETFs as the clock ticks down to their expected approval. Many are keeping their fingers crossed for a satisfactory resolution before the deadline, which would have far-reaching consequences for Bitcoin and the cryptocurrency market overall. Michael Saylor, executive

December 21, 2023 2 mins read

3AC Co-founders’ Assets Worth $1.14B Frozen in British Virgin Islands

The founders of the crypto hedge fund Three Arrows Capital (3AC) have had assets worth about $1 billion frozen by a court in the British Virgin Islands. This development has been verified by Teneo, the fund’s liquidator to Bloomberg. According to an email from liquidator Teneo, the court has granted

December 21, 2023 2 mins read