Bitcoin
An email reveals that peer-to-peer cryptocurrency marketplace, LocalBitcoins is suspending services to customers located in several regions in Africa. The African regions mentioned in the email include Ethiopia, Botswana, Tunisia, Libya, Nigeria, and Ghana. LocalBitcoins Enhanced Due Diligence Woes in Africa The email suggests that increasing pressure from the European
Bitcoin
The Central Banks of Canada, England, Japan, Sweden, Switzerland and the European Union, have formed a group in conjunction with the Bank for International Settlements (BIS) to jointly research digital currencies (CBDC). According to an official notice by the Bank of England, the partnering central banks will look to share
Bitcoin
* Reserve Bank of India Denies Banning Bitcoin and Crypto, but Banks Face Regulations. * Still Legal for Indians to Invest in Cryptocurrency. * Indian Minister Inaugurates Blockchain Center of Excellence. In response to a Supreme Court petition by the Internet and Mobile Association of India (IAMAI), the Reserve Bank of India (RBI)
Bitcoin
Billionaire venture capitalist and investor, Tim Draper says that Fiat currency will soon be a thing of the past as Bitcoin displaces it as a medium of value exchange in economies around the world. Tim Draper Chooses Bitcoin over Fiat According to Draper, “Once Bitcoin goes through some improvements, there
Bitcoin
* IAMAI says central bank can regulate, not ban. * Supreme Court hearings resume today (January 21). India's Supreme Court wrapped up the first 3-days (Jan 14-16) hearing on cryptocurrencies; in which digital currency advocates are challenging the ban on cryptocurrencies by the Reserve bank of India (RBI). The country&
Bitcoin
A bill seeking to exempt personal and small cryptocurrency transactions from US capital gains tax has been reintroduced to the United States Congress. The bill dubbed: "The Virtual Currency Tax Fairness Act of 2020", seeks to establish a distinction between virtual currency expenditure that qualifies as personal transaction
Bitcoin
According to crypto analyst, Nicholas Merten Bitcoin and the altcoin markets are on their way to a meteoric rise in price. While on the show, Datadash, Merten asserted that Bitcoin will eventually hit $100,000. $2 Trillion Market Capitalisation Incoming The analyst believes that the target for the next bull-run
Education & News
Head of the International Monetary Fund (IMF) - Kristalina Georgieva has highlighted fintech and digital currencies as key priorities of the organization for the new year. According to Georgieva - a former CEO of the World Bank, the road to stimulating a healthy global economy will require leaders of its
Blockchain
Turkey makes history with the optimization of its gold-backed cryptocurrency, BIGA. The digital currency is now fully functional, with different financial institutions in the region already using it. Gold Cryptocurrency is Good to Go The nation’s top lender, Istanbul Clearing, Settlement and Custody Bank (Takasban) was able to complete
Education & News
The Reserve Bank of Australia (RBA) recently released a report in which it examined the need for an Australian Dollar-based central bank digital currency (CBDC). According to the report submitted to the Australian Senate Committee for Financial Technology and Regulatory Technology, it notes that CBDCs have stimulated wide discussions across
Blockchain
A new study by professional job board, LinkedIn reveals that blockchain technology skills will be the most in-demand hard skill this year. According to an official blog post, blockchain technology now tops the list of most-needed skills in 2020, surpassing other hard skills such as cloud computing, user experience (UX)
Africa
Rapper Akon in a recent tweet revealed that agreement for his "Akon City" (Crypto City) project has been finalized; following the signing of an MOU with SAPCO - Senegal's state-owned tourism department. The Akon City project is hence slated to launch in Senegal by 2025, and