Kazakhstan, the world’s third-largest Bitcoin mining hub after the United States and China, is launching its own Central Bank Digital Currency (CBDC) the digital tenge. The National Bank of Kazakhstan revealed this after the second phase of testing was finished.…
BIS Permits Banks to Hold 2% of Their Reserves In Cryptocurrency.
A policy allowing banks to hold 2% of their reserves in cryptocurrencies was recently introduced by the BIS in its Prudential Treatment of Cryptoasset Exposure report for December 2022. Banks to Hold 1% Maximum The policy, which covers a number…
Survey: Metaverse Experience Will Influence Travel Decisions In 2023
The Metaverse, one of the newest sub-crypto ecosystems, is expected to assist tourists to choose the destinations they want to experience in person as borders free up following protracted COVID-induced travel restrictions, according to a new study performed by Booking.com.…
Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Like FTX
According to Mike Novogratz, CEO of the cryptocurrency investment firm Galaxy Digital, not all cryptocurrency exchanges are run like the now-defunct FTX. Novogratz stated that not all cryptocurrency platform managers are out to steal users’ money in an interview with…
Former US President Donald Trump Drops $99 NFT
Donald Trump, a former US president, has released a set of digital trading cards featuring him as various characters, such as a superhero, astronaut, and Nascar racer. Restoring American Greatness Through NFTs In announcing his very own NFT collection on…
Nigerians Love Crypto But Not their Country’s CBDC
Nigeria’s central bank digital currency (CBDC) is not being well received by the country’s knowledgeable crypto community. Only 0.5% Use the eNaira A year after its introduction, the government-issued digital currency, the eNaira, is only being used by less than…
Stellar Collaborates With UNHCR to Provide Funds via USDC to Ukrainian Refugees.
Blockchain technology has been increasingly employed by humanitarian organizations to address issues with inadequate identification verification or a lack of banking in undeveloped or war-torn countries. Two Humanitarian Initiatives In December, two brand-new initiatives were unveiled, one of which will…
Meta Plans to Use Mobile Phones to Connect Africans to the Metaverse.
Meta sees a huge metaverse business potential in Africa, with an additional $40 billion to the continent’s GDP by 2031. This lofty goal comes with one major caveat; Only if the metaverse is adopted and grows in the same way…
Binance CEO: Only 1% of People Can Manage Cryptocurrency Self-custody
Changpeng “CZ” Zhao, CEO of Binance, has issued a warning to the cryptocurrency community on self-custody, claiming that 99% of those who choose to do so will probably lose their cryptocurrency somehow. Self-custody Risk For years, CZ has advocated for…
US State Department Calls Out Sorry State of Bahamian Jail Holding SBF
Former FTX CEO Sam Bankman-Fried might spend up to two months in the country’s Fox Hill Prison after being denied bail in a Bahamas Magistrate Court. This facility has a history of physical abuse against inmates and is known for…