CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor

Post Views: 73 The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria is competitive as the world becomes increasingly digital.” The Nigerian central…

Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board

Post Views: 72 As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. The inflation rate in crisis-torn Lebanon surged to 211%…

British MP Calls for ‘Liberal’ Crypto Regulation — Says ‘No Country Can Stop This Revolution’

Post Views: 74 British Parliament Member Matt Hancock has called for “liberal” cryptocurrency regulation, noting that no country can stop the crypto revolution. “I hate the patronizing idea of regulators telling people what they can and can’t do with their money,” the lawmaker stressed. Matt Hancock, a Conservative member of parliament and former British health…

Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review

Post Views: 82 As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when it comes to the future of decentralized digital…

Binance Launches New Platform for VIP and Institutional Crypto Investors

Post Views: 89 Crypto exchange Binance has launched a new platform for VIP and institutional investors. The VIP program allows Binance users to “get rewarded with more discounts and VIP privileges” as their trading volume climbs up VIP tiers. Binance Institutional’s services are tailored for all types of institutions, its website describes. They include asset…

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Post Views: 70 Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party…

Bitcoin, Ethereum Technical Analysis: ETH Climbs to Over $1,200 to Start the Weekend

Post Views: 78 ETH moved into the $1,200 region to start the weekend, as prices rose for a third consecutive session. Bullish sentiment has been missing from crypto markets in recent months, however the timely return also saw BTC near its highest point this week. Bitcoin entered the weekend trading in the green, as bulls…