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Report: Nigeria to Start Piloting Digital Currency in October
24.7.2021
The Central Bank of Nigeria (CBN) has reportedly set October 1 as the commencement date for the trial phase of its digital currency project. Dubbed project Giant, this digital currency project, or the “e-naira,” is expected to use the Hyperledger Fabric blockchain. CBDC Comes to Life...
John McAfee’s Widow Is Still Extremely Skeptical of Her Husband’s Alleged Suicide
22.7.2021
Following a report from John McAfee’s biographer, the former antivirus tycoon’s widow Janice McAfee has taken to social media to disclose a number of findings. During the first week of July, McAfee published a note that said there was “no sense of urgency” toward...
JPMorgan Gives Its Clients Access To Bitcoin, Ethereum & Other Trusts - Report
22.7.2021
Jamie Dimon, the CEO of JPMorgan. US-based investment banking giant JPMorgan, led by crypto skeptic Jamie Dimon, reportedly allows its financial advisors to offer almost all its wealth management clients crypto funds.
The news came via an internal memo that said clients can now trade five...
Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report
21.7.2021
According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s...
Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets
20.7.2021
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre...
CCP Driving Chinese Regions to Make Blockchain Progress – Report
20.7.2021
Xi Jinping. Source: a video screenshot, Youtube, VICE News
China’s blockchain technology ambitions may be even greater than once thought – with a media outlet claiming to have seen evidence of the Chinese Communist Party (CCP)’s blockchain planning.
In a report from the Epoch Times, a...
South African Central Bank Warns Citizens Against Accepting Tainted Banknotes
20.7.2021
A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink. Increasing Circulation of Stained Banknotes According to an EWN report, the South...
Bitcoin investment product volumes fall to 38% of YTD average
20.7.2021
Institutional Bitcoin products have recorded outflows for nine of the past ten weeks, suggesting many investors remain bearish
As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’
19.7.2021
While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many...
Unconfirmed Stablecoin Report Brings Confusion Amid Bukele’s Bitcoin Law
19.7.2021
A Salvadorian economist has hit out at President Nayib Bukele and his younger twin brothers – after a report claimed that the Bukele family has been secretly planning the release of a stablecoin and a crypto wallet.
Per El Diario de Hoy’s website ElSalvador.com, economist Tatiana Marroquín,...
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
18.7.2021
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar...
Busking for Bitcoin: Report Finds Street Performers Depend on Digital Payments
17.7.2021
Street performers, or buskers, are leaning more toward digital platforms these days compared to the old method of accepting loose change. A report recently published by economists at RMIT University in Melbourne, Australia has found that in certain areas, buskers get more donations via digital...
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
17.7.2021
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders...
Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
16.7.2021
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek...
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
Report: Netflix Is Adding Games "In The Next Year"
15.7.2021
This was hinted at back in May, but just became a bit more real, with Bloomberg reporting that Netflix is planning to add games to its subscription service sometime within the next year.Read more
China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports
14.7.2021
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice...
Institutions cautious as crypto products post weakest volume since October
13.7.2021
Sophisticated investors appear to be spreading their risk across the crypto sector, with multi-asset products beating out BTC and ETH by inflows
Report: Judgment Series Is Ending Over PC Version Disagreement
12.7.2021
Sega scored a big coup by signing up Takuya Kimura, one of Japan’s biggest celebrities, to star in its Judgment games. With Kimura comes bonafide star credentials and, of course, talent agency power. That last point, according to one report, could be the budding franchise’s downfall.Read more