Nigeria had already taken steps to disable citizens’ participation in transacting using crypto but now it was moving forward to surveil the bank accounts of its citizens. According to the latest update, the Central Bank of Nigeria [CBN] sent an internal memo to commercial banks, asking to put an alert on accounts of users suspectedContinue reading “Nigeria banks tracking, flagging crypto transactions of customers”

There is another digital asset grabbing people’s attention-Ethereum Name Service [ENS].  The project shot up in popularity over the past week and forced exchange giants to take notice. Binance, one of the prominent names among the centralized exchange did not want to miss out on hype around ENS and listed it on Wednesday. The announcementContinue reading “Ethereum Name Service (ENS) surged over 60% since Binance listing”

The crypto market has been witnessing tremendous interest flowing in and the businesses have been trying to meet the demands with various products. Coinbase, one of the largest centralized exchanges, might be looking into supporting exchange-traded funds. According to Bloomberg Analyst, Eric Balchunas, who revealed this information tweeted, “JUST IN: Coinbase looking into supporting ETFsContinue reading “Coinbase looking into supporting ETFs; Analyst warns it may not be ideal”

Africa, of late, has been the center of attention in terms of crypto adoption. Well, Zimbabwe has been mulling over the various possibilities with crypto as interest and use cases, surged in the country. With many speculating over Zimbabwe going the El Salvador route, the government paused to clarify, it was not looking to makeContinue reading “Zimbabwe studying CBDC, ‘as opposed to crypto, Bitcoin, any form of derivatives’”

Recently, Basic Attention Token [BAT] received sudden limelight as it gained over 25% within a day due to the announcement of a partnership between Brave Browser and Solana. As per the official announcement by Brave, the companies will work together to bring wallet features for the Solana blockchain into Brave’s Web2 desktop and mobile browsers.Continue reading “Brave-Solana collaboration brings Basic Attention Token over 25% surge in a day”

Many investors from around the world are learning about investing in crypto and making some extra cash. While Bitcoin has remained the investors’ favorite, trends among altcoins keep changing, depending on which TV series is trending, or which breed of Dog is in demand. The latest one is Shiba Inu, which has taken the cryptoContinue reading “Shiba Inu, Dogecoin are here to stay, so long as memes are alive on the Internet”

The U.S. has been a front-runner in embracing technology and innovation. However, certain recent developments in the country display a different attitude towards cryptocurrencies, which has been everything but accepting. The country has remained a scaredy-cat when it comes to regulating digital assets and the cryptocurrency sector as a whole. In fact, its worries wereContinue reading “Fed report says crypto, stablecoins pose risk to financial stability”

Nigeria celebrated the launch of its central bank digital currency [CBDC] with pomp. It also noted massive adoption within just a couple of days – with 367,000 consumer wallets and over 58,600 merchant wallets downloaded in the first week. However, although these were big numbers, they did not portray the complete picture. The CBDC aimedContinue reading “Nigeria: Was e-Naira’s vision of financial inclusion just a mirage?”

Zimbabwe has been among the African countries paying attention to the growing interest of its citizens in crypto. In fact, they have also been willing to regulate the industry. To address this growing interest and make use of the technology, the government of Zimbabwe is considering the adoption of crypto as a legal payment service,Continue reading “Zimbabwe now weighing crypto-interest, risks through consultation”

The crypto industry has introduced many promising projects to the users, and one of the projects that witnessed tremendous growth over the past year is Solana. The blockchain has been used to offer different products including non-fungible tokens [NFT]. Its popularity was visible in its secondary sales volume for NFTs, hitting nearly $500 million sinceContinue reading “Solana secondary NFT sales hit nearly $500 million in three months”

The Chinese government may want to reconsider the security of its central bank digital currency [CBDC] in the backdrop of Xinmi police’s crackdown on the first-ever case of money laundering using the digital Yuan. According to reports, Xinmi Public Security alongside the Anti-fraud Center of the Zhenzhou Public security Bureau arrested 11 people. They wereContinue reading “China sees 10% rise in e-CNY wallets, first case of money laundering using digital yuan”

The Ethereum market has been more active than ever as the second-largest digital asset hit a new all-time high on 2nd November at $4,477. Ethereum has also been witnessing a streak of negative supply issuance. The Ethereum network saw a negative supply for seven days straight, meaning more ETH was burnt than what was beingContinue reading “Ethereum witnesses a week of deflationary issuance; more ETH burned than mined”