Nigeria Sees Surge in Bitcoin Demand as CBN Pushes for Cashless Economy
As a result of the Central Bank of Nigeria (CBN) actively trying to get its people to switch to digital cash, the price of Bitcoin in the country has risen to very…
U.S. GDP Rises by 2.9% in Fourth Quarter
The U.S. economy maintained a significant increase in the final three months. Still, the pace seemed to have slowed down a lot in the last few weeks of the year, probably because…
Governor of Irish Central Bank Says Crypto Advertising Should Be Banned
The central bank of Ireland wants all ads aimed at young adults to be banned entirely. On Wednesday, the head of Ireland’s central bank said that cryptocurrency without any underlying securities was…
Jim Cramer: Avoid Crypto, Stick With Gold for a “Real Hedge” Against Inflation
On Monday, Mad Money anchor Jim Cramer advised investors on gold and cryptocurrency. Cramer, a former hedge fund manager, co-founded the financial news and education website Thestreet.com. Despite bitcoin’s recent increases, he…
Grayscale CEO Says the SEC’s Approach Is Slowing Bitcoin’s Progress
According to the CEO of Grayscale Investments, the Securities and Exchange Commission’s (SEC) approach to crypto regulatory compliance has halted the growth of Bitcoin in the nation. In a letter published on…
Chinese Blockchain Project Creates a SWIFT-Like System With Stablecoins and CBDCs.
A Hong Kong-based blockchain company has made available a digital payments system that is meant to connect stablecoins and central bank digital currencies (CBDCs). Red Date Technology, a blockchain infrastructure company also…
Saudi Arabia Says Open to Trade in Other Currencies, a Sign of a Move Away From the Dollar
On Tuesday, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, spoke to Bloomberg TV from Davos, Switzerland, the 2023 World Economic Forum venue. Al-Jadaan surprised reporters by saying Saudi Arabia will trade in foreign…
Dr. Doom, an NYU Professor, Claims That 99% of Cryptocurrency Is a Scam
Dr. Doom believes “99.99% of crypto is a hoax, a criminal operation, a whole real-bubble pyramid scheme that will bust. Nouriel Roubini, also known as “Dr. Doom,” is an economics professor. On…
Coinbase Stops Operations in Japan Amid a Trading Slump
In Japan, Coinbase Global Inc. will no longer conduct business. Kraken, another significant digital asset exchange, announced its departure from the country less than a month prior. Even though Bitcoin’s price has…
Crypto Exchanges Shouldn’t “Self-Certify” Tokens: CFTC Commissioner
A US Commodity Futures Trading Commission (CFTC) commissioner has asked Congress to stop letting cryptocurrency exchanges “self-certify” and list tokens without supervision. The head of the CFTC, Christy Goldsmith Romero, said, “I’m…
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