Day: 10 January 2023

The Central Bank of Nigeria has announced its intention to allow the existence of private stablecoins. Nigeria was one of the first countries to launch a central bank digital currency (CBDC), the e-naira.   According to a recently published document, the Central Bank of Nigeria is willing to develop a legal ...

Coinbase, the largest cryptocurrency exchange in the U.S., has announced plans to lay off 950 employees, or approximately 20% of its workforce, and many projects as it seeks to lower costs to improve its chances of success under all circumstances.  In response to the ongoing crypto winter, Coinbase CEO Brian ...

Billionaire businessman and Dallas Mavericks owner, Mark Cuban, is set to be deposed as part of a class-action lawsuit filed by investors of the now-defunct cryptocurrency lending platform Voyager Digital.  The deposition, which will take place on February 2nd, will be held in Dallas, Texas, and will be conducted as ...

Nishad Singh, a former associate of Sam Bankman-Fried, the founder of crypto derivatives exchange FTX, is said to be in talks with the U.S. Attorney's Office in the Southern District of New York to reach a plea agreement, according to a recent report. The meeting, referred to as a "proffer ...

As countries in Latin America struggle with the negative effects of high devaluation and inflation rates, more and more individuals and businesses are turning to cryptocurrency as a potential solution. This is particularly evident in Chile, which is facing some of the worst inflation rates in the region. Despite this ...

BlockFi has announced that it will release detailed information about its financial standing to the public in the wake of its recent bankruptcy hearing.  In a blog post on its website, BlockFi stated that it would publish a comprehensive financial breakdown on January 11th, including information about its assets, liabilities, ...

In spite of continuous sanctions imposed in retribution for its invasion of Ukraine, Russia's central bank is reportedly planning to establish a cross-border settlement system using a central bank digital currency (CBDC). According to local media outlet Kommersant, the central bank will investigate two potential cross-border settlement solutions as it ...

The blockchain industry has already grown to the point where several competing ecosystems rule the market and tell blockchain developers how their next projects should be set up.  There is currently a large ecosystem of EVM blockchains, including Ethereum, Polygon, Binance Smart Chain, Avalanche, and lots more. Also, two major ...

The internet service providers (ISPs) in Nepal have been ordered to block all websites related to cryptocurrency trading. The country's telecoms regulator has also threatened legal action against any ISPs that disobey this order. According to a report, Nepal has witnessed a recent increase in transactions involving digital technologies such ...