Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds…
In this era, there have been numerous disputes around bitcoins. It’s because bitcoins have become a valuable investment asset. However, Elon Musk, the owner of the premier electric vehicle brand Tesla, just tweeted. Tesla will not accept bitcoin payments from customers who wish to purchase their automobile, he tweeted. It was an unexpected tweet because…
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia…
According to a new survey, traditional hedge funds are eager to grow their exposure to Bitcoin and other cryptocurrency markets over the next five years. The chief financial officers of 100 hedge funds throughout the world were asked by Intertrust Global, an international trust and corporate management firm, regarding their intentions to buy crypto-assets. By…
After reports that Tanzanian President Samia Hassan had asked her finance chief to look into cryptocurrencies, Tunisia has become the latest African country to signal a willingness to embrace digital assets. According to remarks attributed to Ali Kooli, Tunisia’s economy minister, the North African state will soon move to decriminalize the buying of bitcoin. This…
The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.” Defi Exchange Dydx Raises $65 million from Strategic…
