While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact that it has …
Monthly archives: November 2021
OVR Upgrades Its Token Economics
sponsored OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token …
5 Cryptocurrency to Buy for Price Boom This Weekend – November 2021 Week 2
The cryptocurrency market is teetering again after a day of uncertainty. Its total cap has dropped by 2% compared to yesterday, falling to around $2.79 trillion. Most major cryptocurrencies have fallen along with the market, with only a handful of altcoins making significant gains. However, drops usually set the market up for sizeable rebounds. Accordingly, …
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Coinbase Pro Plans To Launch Japanese Yen-Pegged Stablecoin
Coinbase Pro is announcing plans to launch a stablecoin pegged to the Japanese yen, reportedly the first of its kind. GYEN (GYEN) bills itself as the “first regulated digital [Japanese yen].” The project says it is 100% fiat-backed. Coinbase first issued a press release earlier this week announcing Coinbase Pro’s plans to launch GYEN order …
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Bitcoin derivatives markets ‘healthier’ than in Q1, says research after fresh leverage shakeout
Bitcoin (BTC) shook out leveraged traders in classic style this week, but new data suggests that the market is broadly healthier than earlier in the year. Highlighting findings from its latest weekly newsletter, data analysis firm Arcane Research showed how aligned futures markets have become in Q4 2021. “Healthier” market keeps bullish bias sustainable With …
ChickenFast – A New Generation of Cloud Mining Systems
An innovation in simplicity, a specially simplified cloud mining platform provides exceptional service and cryptocurrency mining for clients without skill or equipment. ChickenFast’s business model is simple: you make a deposit like any bank and automatically receive dividends in bitcoins on your account every day. Rewards are paid at any time, and after 1 year, …
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Sotheby’s will take ETH bids in real time for Banksy auction
Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy. Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on …
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‘Willing to break the mold’: Bored Apes form Gorillaz-style band for Universal
A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music industry. The primate band called KINGSHIP will put out music, perform in the metaverse and release plenty of NFT collectibles. It takes inspiration from Gorillaz, Damon …
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Discord drops Ethereum and NFT integration plans after backlash
Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base. The pushback started on Nov. 9 after Discord’s founder and CEO Jason Citron tweeted “probably nothing” accompanied by a screenshot of the app’s user settings page …
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OMG price crashes by one third after BOBA airdrop snapshot
The price of OMG Network (OMG) has plunged 33% from a daily high of $19.35 down to around $13 immediately after completion of the snapshot for an airdrop from the Boba Network. The snapshot of all wallets holding OMG tokens on the Ethereum network and the layer-two Boba Network took place at 12am UTC on …
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Binance Smart Chain project Orakuru begins its transition to a full-fledged DAO
In a document published on Tuesday, Orakuru announced that it will be undergoing its biggest upgrade yet, expanding its development and transitioning to a full-fledged decentralized autonomous organization (DAO). The Binance Smart Chain-based oracle protocol will be testing and then formalizing all of the development into its Whitepaper 2.0, with the changes set to be …
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Ripple launches Liquidity Hub for enterprise clients with support for Bitcoin, Ethereum, and others
Global fintech giant Ripple announced that it has launched a new service called the Liquidity Hub. According to a blog post published on Tuesday, Liquidity Hub is a groundbreaking new way for enterprises to easily and efficiently source digital assets from the broader crypto market. Bringing cryptocurrency trading to enterprises Ripple’s latest service was designed …
Botswana Does Not Have Regulatory Framework for Crypto — Central Bank
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding to Public Inquiries In its statement released on November …
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Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by …
Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps
Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.” Twitter to Focus …
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