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Search Results for: cbdc

In Series A Funding, Crypto Data Firm Dune Analytics Raises $8M

The A-Round Series, headed by the New York risk capital behemoth Union Square Ventures with additional Redpoint Ventures involvement. VC companies join current Dragonfly Capital and Multicoin Capital investors. The business revealed its intentions to leverage 8 million dollars of fresh funding to recruit more employees and extend its blockchain

August 13, 2021 2 mins read

Top 3 Memes Tokens by Market Capitalization

The crypto market began to recover from its bearish price dump.  DOGE, SHIB, and MONA are few of the top performing Meme tokens. The crypto market began to recover from its bearish price dump. Notably, few of the meme crypto tokens are trending in the crypto space. Moreover, DOGE, SHIB,

August 11, 2021 2 mins read

Digital Bolivar To Be Launched in October by Venezuela

In October, Venezuela will give its federal money, the Bolívar, a facelift. In addition to the restructuring, the central bank plans to establish its digital central bank (CBDC) – the digital bolivar. A new Bolívar Coin, banknotes of 5 to 100 Bs, is being launched by the Latin American country

August 6, 2021 2 mins read

South Korea’s FSC Has Shut Down 11 Local Exchanges

South Korea is one of the major countries where the majority of people are involved in the cryptocurrency industry. Many countries around the world are working hard to regulate and reform the crypto space. South Korea announced its regulations on 578 cryptocurrencies last month. Overall, many country regulators are conducting

August 3, 2021 2 mins read

Nigeria Continuously Acquiring Crypto Despite Govt Crackdown

Nigeria continuously acquiring crypto despite govt crackdown After a big public protest, Nigeria faced serious pressure. At present Nigeria exploring the development of CBDC. African country Nigeria, continuously acquiring cryptocurrency, even though government crackdown with peer-to-peer (P2P) trade volume for Bitcoin (BTC) posting its second strongest week on record last

August 2, 2021 2 mins read

Nigerian Crypto Exchange-the Actions of the CBN Increased Activity on the Black Market

There have been almost six months since the CBN directed banks to stop serving customers in the bitcoin sector. While the approach appears to have succeeded in removing crypto companies from the banking system, peer-to-peer commerce has increased. Some analysts suggest that Nigeria remains unrivaled as the largest African bitcoin

August 2, 2021 3 mins read

Central Bank of Brazil Proposed Significant Migration to Digital Payments

BCB proposed significant Migration to Digital Payments The move to virtual payments will involve the use of CBDC.  Brazil could be ready for a digital currency next year. Brazilian Central bank (BCB) director, Joao Manoel Pinho de Mello, mentioned that a significant migration from fiat currency to digital means of

July 31, 2021 2 mins read

CBN Announces the Launch of Central Bank Digital Currency

CBN announces the Launch of Central Bank Digital Currency  Nigeria is one of the countries still resisting the crypto revolution. CBDC referred to as the pilot program “GIANT”. Central Bank of Nigeria (CBN) on Thursday revealed its launch of highly awaited digital currency. During a private webinar, CBN Director, IT

July 24, 2021 2 mins read

KFC Signs MOU With TriumphX for NFTs in South Korea

The Kentucky Fried Chicken (KFC) needs no further introduction as it is one of the world’s largest fast-food chains operating all over the world. In spite of all its fame and successful business all over the world, KFC looks forth to increase its already flourishing marketplace of South Korea even

July 23, 2021 2 mins read

OpenSea Is Now Gas-Free After the $100 Million FundRaising

OpenSea has now become one of the crypto unicorns after the announcement on Series B funding of $100 million and $1.5 billion valuations. It was led by Andreessen Horowitz, an American venture capital firm also known as a16z. According to the post on July 20, it is officially announced that

July 21, 2021 2 mins read