After being the first African nation to legalize bitcoin over eight months ago. The Central African Republic (CAR) has announced it would not list its “Sango” digital currency. Sango Coin’s marketing staff apparently made the announcement in a Telegram channel, citing “current market conditions” as the reason. The CAR group
There will be no further releases of the app that generates the stablecoin Vader Protocol US Dollar (USDV), its creators said on December 29. Like the doomed Terra network, Vader protocol was an algorithmic stablecoin network. It was hoped that encouraging arbitrages would ensure that USDV would always be worth
According to the SHIB burn tracker Shibburn, the Shiba Inu burn rate has increased by an astounding 13,198% during the last 24 hours. Whales’ comeback and the early 2023 release of the Layer-2 blockchain technology Shibarium are both factors in the high burn rate. The recent rise in volatility is
On Saturday, the Dogecoin Foundation made an exciting announcement for the Dogecoin community. For the greater good of the Dogecoin ecosystem as a whole, the foundation has established a new community Dogecoin Core development fund. In response, the Dogecoin community rallied, sending DOGE’s price up by more than 2% in
Central Bank digital currencies (CBDC) are central bank-issued digital tokens that function similarly to cryptocurrencies. They correspond in value to the national fiat currency of the nation. CBDCs are the subject of much research and development, with several nations having already adopted them. On Thursday, the Turkish Central Bank stated
After experiencing a dramatic price surge over the last few days, Terra Classic (LUNC) is currently witnessing a breakout from its rapid price spike. LUNC, one of the leading altcoins in the global cryptocurrency market, has attained a significant price increase recently, registering more than 10%. However, the token has
Proposal 11168, submitted by Edward Kim and Tobias “Zaradar” Anderson, two main developers of Terra Classic, is now up for a vote. There was a suggestion put out by ex-Terra Rebels developers to join a new team called the “Joint L1 Task Force” to investigate Terra Classic blockchain maintenance improvements
According to a tweet from the platform on Sunday, the Terra Classic casino and Terra Casino (@TerraCasino_io) have burnt over 23 million Terra Luna Classic (LUNC). After transferring 5 million LUNC to the burn wallet on Christmas day, the betting site reached the 23 million LUNC milestone. Note that when
Japanese authorities are reevaluating their stance on a number of key regulations. Pertaining to the usage of stablecoins like Tether USDT in the cryptocurrency market. Nikkei, a Japanese news outlet, stated on December 26. That the Financial Services Agency (FSA) of Japan will allow the domestic circulation of foreign-issued stablecoins
The popularity of cryptocurrencies like Bitcoin has been rising lately all around the world. Countries of all sizes are making efforts to digitalize their economies and adopt blockchain technology and digital currencies. Several national banks are working on introducing their own stablecoins or central bank digital currencies. As of recently,
