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.…
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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…
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…
Jack Dorsey is Advocating For A Decentralized Twitter Alternative.
Former Twitter CEO Jack Dorsey stated that making a platform resistant to corporate or government control is a solution to Twitter’s censorship issues. Resistant to Corporate Control Dorsey highlighted some potential solutions to the Twitter platform’s current problems in a…
Israel’s Top Economist Suggests Broad Regulations For Digital Assets.
The Chief Economist of the Israeli Ministry of Finance, Shira Greenberg, has filed a paper with suggestions for the country’s regulation of digital assets. Greenberg’s Top Priority On November 28, a 109-page report was released, and it seemed to catch…
Sony Music Is the Newest Company In the Entertainment Industry to Adopt NFTs.
Sony Music has submitted a trademark application to utilize the Columbia Records logo for non-fungible token-backed (NFT) media. Legitimizing Its Digital Products If approved, Sony Music would be permitted to use the recognizable logo for podcast and music creation, artist…
FTX Founder Sam Bankman- Fried Could Be Looking At Jail Time, Mark Cuban Says
FTX founder Sam Bankman-Fried should be concerned about going to jail, according to Mark Cuban. The billionaire majority owner of the Dallas Mavericks also believes that cryptocurrencies are here to stay despite the FTX debacle. SBF Has Left A lasting…
Bahamian Authorities Place FTX Under An “Active and Ongoing” Investigation
The defunct crypto exchange FTX is the subject of an “active and ongoing” investigation, according to the Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder. Multi-agency Inquiry Into FTX Pinder stated in a national address that was…
US State Regulators Launch Genesis Global Capital Investigation Citing FTX-Related Contagion Fears
Genesis, a well-known cryptocurrency lender ranked among the top lenders worldwide, is reportedly being scrutinized by regulators in the state of Alabama and other US states. A thorough investigation is being conducted by the state securities department into issues related…
Binance Co-founder CZ Says Governments Should Regulate Cryptos As Opposed to Fighting them
According to Binance CEO Changpeng Zhao, the adoption of cryptocurrencies will come regardless of how countries choose to respond to them. In his opinion, countries would do well to regulate cryptos as opposed to fighting them. Crypto Regulation Debates Are…