Education & News
According to the Financial Stability Board, stablecoins could help to improve financial inclusion. The body believes that hybrid cryptocurrencies could enhance payments and allow for new ways to provide financial services. Stablecoins the Key to Financial Inclusion? A report by the Financial Stability Board, “Regulation, Supervision and Oversight of “Global
Education & News
As it takes more steps to release its central bank digital currency (CBDC), Canada looks to hire an economist with a deep knowledge of financial technology and digital currencies. Economist Wanted in Canda for Help with Digital Currency Canada has been working on its own digital currency for a while
Bitcoin
Data reveals that N36 trillion is kept in banks and low yielding assets by Nigerians. Despite an increase in Nigeria’s inflation rate that rose to 12.82%, deposit rates, fixed deposit rates, and risk-free rates such as treasury bills have been driven to 6% per annum. Nigerians Keep N36
Education & News
Fiat currency has served societies for many years through different eras and economic cycles. From Nigeria to America, billions of people around the world put their trust in fiat money to live. In more recent times, however, Bitcoin has given a growing number of people around the world reasons to
Education & News
When asked about his thoughts on a discussion on Bitcoin and the scarcity of gold, SpaceX founder Elon Musk shared knowledge of an asteroid filled with enough gold to make everyone on Earth a billionaire. Discussion on Bitcoin Leads to Gold Asteroid Revelation The discussion was brought up by Barstool
Education & News
According to Finance Minister, Zainab Ahmed, Nigeria is heading towards a recession. A combination of the COVID-19 pandemic and falling oil prices is to blame for the incoming recession. Predictions of Recession for Nigeria The comments were made by the Finance Minister after the National Economic Summit meeting in Abuja.
Africa
For the first time in 36 months, Nigeria’s currency plunged to its lowest level against the American dollar. Falling oil prices and poor liquidity in OTC spot and black markets were among the main factors behind the slide in the value of the naira. While the naira falls, Bitcoin
Bitcoin
Bitcoin is looking more like the global currency of the future as the USA injects $6 trillion into its economy with its stimulus package. As economists have noted time and time again, this is a recipe for the accelerated devaluation of the fiat currency. $6 Trillion or Bitcoin? To put