After passing a virtual assets bill into law on Friday, the Namibian government plans to create a regulatory body to monitor the sector. To better regulate and oversee virtual asset service providers and associated activities, the government of Namibia has enacted the Namibia Virtual Assets Act 2023. The National Assembly
On July 26, Wednesday, the Federal Reserve of the United States is expected to reveal its interest rate decision. At 18:00 UTC (14:00 ET), the Federal Reserve is likely to announce a rate hike to a range of 5.25%-5.5%, followed by a news conference by Chairman Jerome Powell. According to
The memecoin community is rejoicing over the recent news of Dogecoin dominating other major cryptocurrencies like Bitcoin and Ethereum in terms of trading volume. It has experienced an impressive surge of 513.20%, breaking the 24-week streak of flat trading charts. Even Litecoin, which saw a persistent surge in trading volume due
Southeast Asian traders and investors have been heavily involved in the crypto sector. The amount of trading on Japanese exchanges increased by more than 60 percent last month compared to the start of 2023. Recent analysis from Kaiko attributes the increase in volume to yen market instability. The yen’s value
According to a report by CoinShares, crypto asset investment products saw outflows for the first time in five weeks, after four weeks of inflows from institutions totaling $742 million. The entire outflow from crypto asset investment products was $6.5 million. As investors sell off their Bitcoin holdings, they wonder whether
El Salvador was the first nation to recognize Bitcoin (BTC) as legal cash, and this year the country’s bonds have seen gains of 60%, second only to Bitcoin’s 80%. The unexpected interest in the country’s national debt indicates a dramatic change in outlook towards the economy. A year ago, El
Bitcoin has fallen back below the $30,000 barrier, depressing short-term investors who bought in during the recent Bull Run. Perhaps Bitcoin’s volatility is what attracted investors looking to hold for the long haul. Glassnode reports that the number of Bitcoins in circulation held by long-term holders has hit an all-time
Bundle, a social payments app popular in Nigeria, has announced it would be discontinuing its cryptocurrency exchange service. As part of the shareholders’ decision to reorganize the firm to concentrate on Cashlink, Bundle announced on its blog on July 20 that it will halt operations of its exchange services. The
On July 20, a British court accepted an appeal and allowed Craig Wright the ability to present evidence in court to support his claim that the Bitcoin file format is sufficiently well-defined to be protected by copyright. Wright, who has claimed to be Bitcoin’s creator since 2016, filed a lawsuit
An abnormality on the Bitcoin network has been noticed by PeckShield Alert. It took more than an hour to mine a block of Bitcoin (BTC), leaving many transactions in pending condition. PeckShield shared an image showing that the most recent two blocks were mined 95 minutes apart by F2pool and
