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Central Bank of Nigeria Bans Cryptocurrency Transactions, Says Crypto Breeds Illegal Activities

Central Bank of Nigeria Bans Cryptocurrency Transactions, Says Crypto Breeds Illegal Activities

The Central Bank of Nigeria (CBN) has once again doubled down on its efforts to ban cryptocurrency transactions stating they are a breeding ground for illegal activities.

Canada’s Central Bank Digital Currency Won't Include Zero-Knowledge-Proofs

Canada’s Central Bank Digital Currency Won't Include Zero-Knowledge-Proofs

Bank of Canada researchers do not feel that the current state of zero-knowledge-proofs is mature enough to be integrated into their development plans for a Central Bank Digital Currency (CBDC).

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

The Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants clarifying how to hold digital currencies in segregated accounts.

Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants

Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants

Samsung SDS has signed an agreement with Israel’s fintech startup Credorax to build payment solutions to serve European merchants and banks.

Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k

Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k

In an attempt to stimulate U.S. economy amid coronavirus pandemic, the Federal Reserve (“the Fed”) decided to slash the main interest rate to near zero together with the purchase of $700 billion Treasury securities.

Visa Blockchain Payments Will Help Promote Bank CBDC Integration

Visa Blockchain Payments Will Help Promote Bank CBDC Integration

Visa is enhancing its blockchain payment drives among its merchants through research while forming partnerships with central banks for CBDC issuance

Binance Enables Support for Naira, But is Cryptocurrency Legal in Yet in Nigeria?

Binance Enables Support for Naira, But is Cryptocurrency Legal in Yet in Nigeria?

Binance, one of the top cryptocurrency exchange has opened support for the Nigerian National currency (Naira) on its trading platform.

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

The Nigeria Securities and Exchange Commission has announced a proposed crypto regulation guideline.

Tertiary institution Signs MOU with Cryptography Development Initiative in Nigeria

Tertiary institution Signs MOU with Cryptography Development Initiative in Nigeria

As the rest of Africa makes an effort to secure a position of relevance in the blockchain space, Nigeria based Nile university has gone into partnership with Cryptography Development Initiative in Nigeria

Bitcoin Continues to See Gains After President Xi’s Announcement

Bitcoin Continues to See Gains After President Xi’s Announcement

China Merchants Bank (CMB) has recently announced an investment in crypto wallet BitPie. BitPie is one of the longest-running crypto wallets in China.

Bitpay Now Supports Binance's Stablecoin For Global Payments

Bitpay Now Supports Binance's Stablecoin For Global Payments

Binance and Bitpay have partnered to enable consumers and merchants to access Binance stablecoin.

Blockchain Devices Market to Grow by $1.285 Billion by 2024

Blockchain Devices Market to Grow by $1.285 Billion by 2024

Recent research by MarketsandMarkets shows a CAGR of 42.5% for blockchain devices market by 2024. The study was filtered through their report, “Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography - Global Forecast to 2024.”

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