Bitcoin
Surprisingly, the launch of the digital Euro is anticipated to take place at a much later date than expected. Central bankers have agreed that even a proof of concept for a digital Euro is four or five years away. Digital Euro to Launch in 5 Years While central bank digital
Bitcoin
Bitcoin has gained ground in 2020, despite Covid-19 and the perilous market conditions which many traditional assets were not able to handle. Bitcoin Beats the Odds in a Covid-19 World The Bitcoin rally of 2020 caught many people by surprise. In previous years, the cryptocurrency had been mocked by critics
Education & News
Two of the most powerful central banks in the Middle East (UAE and Dubai) released a report on a joint central bank digital currency (CBDC) project. The report concludes that the CBDC is technically viable for cross-border payments. CBDC Trail a Success Project Aber involved the establishment of a "
Bitcoin
With each new week, people in Nigeria find more reasons to use cryptocurrencies such as Bitcoin to make their lives easier in an economy which lacks the financial infrastructure necessary to operate in a 21st century world. Nigeria Pushed to Adopt Cryptocurrency It is no surprise that Nigeria is one
Education & News
Ripple Labs Inc. is selling 33% (4 million shares) of its stake in Moneygram, following a surge in the price of the global money transfer company. Ripple Cashes Out on Moneygram Shares On November 27, the share price of the company fell by 4.8% at $7.42 on the
Bitcoin
With the race for central bank digital currencies (CBDC) heating up globally, Germany's Minister of Finance has urged the European Central Bank (ECB) to fast track its development of a digital euro. According to reports by Reuters, finance minister Olaf Scholz wants the ECB to move faster with
Education & News
Yearn Finance founder Andre Cronje announced new “mergers” taking place for his decentralized finance protocol. One of the newest high-profile “mergers” is with market coverage provider Cover. Yearn Finance Shoots for Growth In a blog post, Cronje states that the merger will be natural. It will involve collaboration between Yearn
Bitcoin
China's President XI Jinping has called on leaders of G20 countries to move forward with the adoption and development of Central Bank Digital Currencies (CBDCs). Speaking at the 15th meeting of the world's largest developed economies held in Riyadh, Saudi Arabia; President Xi discussed the importance
Africa
The Federal Ministry of Finance, Nigeria has announced plans to collaborate with the Securities and Exchange Commission (SEC) to develop a regulatory framework for cryptocurrency trading and usage in the country. Announced November 24 at the "Fintech In Nigeria: State of Play" Conference, special adviser to the Finance
Bitcoin
Ripple is hiring a chief economist to help it to create a strategy for its XRP holdings. The chief economist could be responsible for the digital payment firm's jaw-dropping 54,642,632,616 XRP holdings. Chief Economist Vacancy at Ripple The chief economist hired by Ripple will be
Bitcoin
Bitcoin has enjoyed a stellar performance over the last few months with record highs, encouraging more people to invest in the apex cryptocurrency. It was only a matter of time till investors took profits, causing the price of Bitcoin to fall by $2000. Bitcoin Falls by $2000 If there is
Bitcoin
Chief Executive of business intelligence firm, Michael Saylor recently disclosed information on billionaires who could increase the value of Bitcoin by three times its current amount. The behavior of Billionaires Influence Bitcoin Value In an interview on YouTube, he explains the effects on investor behaviour that billionaires can have in