Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor

Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor

Post Views: 90 Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue source, Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, has said. Emefiele said the central bank is working on a channel that would enable Nigerians without bank accounts to open e-naira…

Ghana Ranked as Country With Second-Highest Debt Default Risk Globally

Ghana Ranked as Country With Second-Highest Debt Default Risk Globally

Post Views: 86 According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps….

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Post Views: 97 India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments have been made to the RBI Act, 1934 to allow the central bank to pilot and issue a digital currency. A Reserve…

Bitcoin, Ethereum Technical Analysis: BTC Falls, as Tesla Sells 75% of Its Holdings

Bitcoin, Ethereum Technical Analysis: BTC Falls, as Tesla Sells 75% of Its Holdings

Post Views: 91 Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news. Tesla stated that, “As of…

Swiss Luxury Watchmaker Franck Muller Launches Exclusive Binance NFT Collection With Limited-Edition Timepieces

Swiss Luxury Watchmaker Franck Muller Launches Exclusive Binance NFT Collection With Limited-Edition Timepieces

Post Views: 71 Brought to you in collaboration with Binance NFT, the Franck Muller Mystery Boxes come in various editions: Normal (N), Rare (R), Super Rare (SR), and Super Super Rare (SSR). Franck Muller Mystery Box holders who obtain 10 or more Mystery Boxes will be able to redeem a whitelist spot in our future…

Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

Post Views: 81 During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. For instance,…

Trade Republic, Crypto.com Register as Cryptocurrency Operators in Italy

Trade Republic, Crypto.com Register as Cryptocurrency Operators in Italy

Post Views: 85 German investment platform Trade Republic and digital asset exchange Crypto.com have registered as crypto service providers in Italy. Since February, the financial authorities in Rome maintain a registry for all cryptocurrency platforms permanently operating in the country. Germany-based investment platform Trade Republic and Singapore-headquartered digital currency exchange Crypto.com announced their registrations as…

Developer Behind the World’s Best-Selling Video Game Has No Intentions of Using Blockchain and NFTs in Minecraft

Developer Behind the World’s Best-Selling Video Game Has No Intentions of Using Blockchain and NFTs in Minecraft

Post Views: 83 On July 20, 2022, Mojang Studios the Swedish video game developer behind the world’s best-selling game of all time said blockchain or non-fungible token (NFT) technologies are “not permitted to be integrated inside [Mojang’s] client and server applications.” Mojang stressed that NFTs or any use of blockchain tech cannot be integrated into…