Crypto news

The Central Bank of Nigeria (CBN) will reportedly enable locals to pay their bills, TV subscriptions, and flight tickets using the eNaira. The move is part of a campaign that aims to popularize the financial product and encourage people to employ it more often in their daily transactions. The Upgrade of Nigeria’s CBDC It is safe to say that the most populated country in Africa – Nigeria – is among the leaders in terms of CBDC efforts. Last year, the authorities introduced the...

The United States Department of Justice (DOJ) has indicted Luiz Capuci Jr., the CEO and co-founder of Mining Capital Coin (MCC), for allegedly running a $62 million fraud scheme. Mining Capital Coin CEO Allegedly Misled Investors According to the DOJ, Capuci and other unnamed members of his team had misled investors into thinking that MCC’s mining and investment program had massive profit-bearing potential. Capuci claimed the firm has an international network of large-scale...

Near Foundation – the Swiss non-profit that oversees the development of Near Protocol – reportedly teamed up with the Kenyan blockchain community Sankore to launch a regional hub in the African country. The unit will focus on crypto innovations, education, and talent development throughout the continent. Africa’s Latest Crypto Project Several recent studies estimated that emerging economies and developing countries are particularly thriving areas for the crypto industry....

The Central African Republic (CAR) has become the second country after El Salvador to declare bitcoin legal tender. Customers can walk into any store or company and purchase goods and services with bitcoin and owners and managers must be accepting of the digital currency. The Central African Republic Says “Yes” to Bitcoin In a statement, Obed Namsio – the chief of staff of Faustin Archange Touadera, the President of the Central African Republic – said that a bill had...

El Salvador president Nayib Bukele has announced another Bitcoin purchase amid the current crypto market turmoil. Over Twitter, Bukele claimed to have bought exactly 500 Bitcoin for an average of $30,744 dollars each on Monday. The president, who has admitted to making Bitcoin buys from his phone using the country’s money, referred to the purchase as “buying the dip”. As of today, Bitcoin has closed its 6th consecutive red weekly candle for the first time since 2014. It’s...

The Otherdeed NFTs drop caught massive attention from the industry last week as high demand triggered unprecedented Ethereum fees. Otherdeeds are the NFT collection for claiming virtual land in Otherside, the metaverse space created by Yuga Labs – the parent company behind Bored Apes Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) However, as the crypto bloodbath continues with Bitcoin dumping to the lowest point since last July, the transaction volume for blue-chips NFT...

Fort Worth, Texas has become the first city government in all the United States to mine bitcoin. The city is employing three Antminer S9 rigs that will run all day, every day in a technology wing of the region’s city hall. Fort Worth, Texas Is at the Heart of BTC Mining Per city estimates, each rig will require about as much energy as a standard vacuum cleaner. Officials assure residents that the process will be clean. In addition, all three machines will be run on a...

More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. This happened as Bitcoin’s price plunged as low as $31,000 – its lowest level since July 2021. According to Glassnode, exactly $314.3 million in trades have been cleared within the last hour and $724.99 million within the last 24 hours. Interestingly, about half of the lost positions were on ETH trades ($154 million) while significantly less were lost on...

A new cryptocurrency called $FEM has entered the market. Designed for women by women, the asset was built to bring more ladies into the crypto space, which is still allegedly dominated by men. Will $FEM Coin Help Women Get Involved in Crypto? One of the biggest complaints about the crypto space is that it has reportedly become rather exclusive, and when one says exclusive, they mean it is largely geared towards male traders – no one else. Currently, only about five...

Fortress Protocol – an algorithmic money market and defi lending protocol – has been drained of all funds following an oracle manipulation attack. The stolen crypto has since been bridged from Binance Smart Chain to Ethereum and mixed using the privacy protocol Tornado Cash. Buying Out the Protocol Blockchain security firm CertiK shared information about the hack with CryptoPotato on Monday. It began with the hacker using ETH to purchase a substantial amount of FTS – the...