Many countries are currently working on their digital version of their currencies or CBDC. Some countries like Nigeria have released their CBDC version of their legal tender, while others are researching the intricacies concerning the best way to release...
On 9 November 2021, the UK government announced the next steps in its exploration of a potential Central BoE Digital Currency (CBDC) for the UK. In a joint statement, the UK’s Ministry of Finance (HM Treasury) and the UK’s...
Brave, the privacy crypto browser, on Monday announced its integration with Solana, the network that claims to be solving Ethereum’s dilemma — speed and high transaction fees. Brave, according to its blog post, is turning to Solana due to the crypto...
OpenSea, the largest NFT marketplace in the crypto space, has reached $10 billion for the first time since its establishment in four years. Being the first NFT marketplace to launch on the Ethereum blockchain, OpenSea’s volume skyrocketed in the...
Recently, more companies have seen the need to accept popular cryptocurrencies like Bitcoin, Bitcoin Cash, and Ethereum. On November 5, Kroger, a grocery chain, stated that it has started accepting Bitcoin Cash in its stores. This means that shoppers...
Recently, the Senate in Kazakhstan passed legislation to ensure that crypto platforms operating in the region are subjected to financial monitoring, in a bid to stop people from using them to give their illegal funds legitimacy. The Senate in...
The market capital of all cryptocurrencies combined has exceeded $3 trillion, just as Bitcoin, Ethereum and Dogecoin experienced strong gains. Data from crypto analytics platform CoinGecko, which currently tracks over 10,000 coins across 517 trading platforms, the market cap...
Two representatives, Darren Soto and Tom Emmer have sent a letter to the Chair of the US SEC, Gary Gensler, stating that a spot ETF was needed, and it was high time that it was approved. The letter went...
Some Islamic organizations believe that cryptocurrency can be likened to gambling, which makes it prohibited by Islam. One of the largest Islamic groups in Indonesia, Nahdlatul Ulama (NU), agrees with this thought. The Fatwa that they issued showed that...
Many governments have started enacting laws and guidelines concerning cryptocurrencies because of their expansion and adoption. The Slovenian Finance Ministry is actively involved in monitoring and regulating crypto usage. Recently, the ministry proposed a tax rate of ten percent...
