Over 13 million e-naira wallets have been installed in Nigeria since October 2022. And the value of transactions in the country’s central bank digital currency (CBDC) increased by 63% to $47.7 million (₦22 billion). In his March 21 address to the local press, Governor Godwin Emefiele also said that the
El Salvador is obviously focused on technological improvements as the rest of the globe contends with banking and other economic issues. Consequently, President Nayib Bukele intends to do away with all taxation related to technological development. Income, property, and capital gains taxes, as well as tariffs on imported goods on
Undeniably, the beta launch of Shibarium did cause an uproar among the crypto community. Crypto Twitter predominantly became the chief ground that contained the hype. In spite of this, the Shiba Inu network or its token SHIB did not register any significant growth. Notably, the number of new SHIB investors
On Thursday, March 23, in the wake of the short seller report by Hindenburg Research, Block Inc. (NYSE: SQ) stock was bought in large quantities by Ark Investments founder and CEO Cathie Wood. The prices of the stock fell 15% amid the recent Hindenburg report on Jack Dorsey-led Block. Ark
Litecoin (LTC) emerged as one of the top-performing cryptocurrencies on March 23. It has separated itself from the broader market fall after the Fed decides to increase the interest rate. The decision may negatively affect Bitcoin (BTC) and other cryptocurrencies. However, Litecoin was able to pick out a 13.78% increase
After several delays and setbacks, the long-awaited native token of Arbitrum, ARB, was released into the cryptocurrency market today. The value of one Arbitrum (ARB) token has dropped by almost 90% from its IOU price and is now trading in the range of $1. Just 16% of the ARB airdrop
On March 23, the UAE’s Central Bank unveiled its Central Bank Digital Currency (CBDC) strategy, dubbed “The Digital Dirham.” The Central Bank of the United Arab Emirates (CBUAE) has partnered with G42 Cloud and R3, respectively, to supply the necessary infrastructure and technology for its digital currency initiative. Moreover, a
Finally, on Thursday in Podgorica, Montenegro, police apprehended Do Kwon, CEO of Terraform Labs. The Montenegrin police say they have captured a person they believe is Terraform Labs’ CEO; they identify Kwon as one of the most wanted fugitives and a South Korean national. Over the last several months, law
The Telegram Open Network (TON) ecosystem’s leading contributor, Orbs, has announced the public launch of its TON Access service. TON Access is a decentralized RPC provider that is specifically made for TON decentralized apps (dApps), allowing browser-based HTTP requests to the blockchain state. After a successful beta testing period, TON
The issuing business for the asset-focused smart contract platform Radix, Radix Tokens (Jersey), has secured $10 million in new funding. The investment gives the Radix platform a $400 million valuation and was made as part of a private capital round that was headed by DWF Labs. After acquiring the extra
