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Ripple Exec Warns of RLUSD Supply Shortages, Advises Against FOMO Buying
17.12.2024
Ripple’s RLUSD stablecoin launch sparks a warning against “FOMO,” as early supply shortages could cause temporary price spikes before stabilizing near $1. RLUSD Launch Warning: Why Ripple CTO Urges Caution Amid Initial Supply Issues Ripple’s chief technology officer...
Ripple CTO says to expect shortage of RLUSD at launch, but don’t FOMO
16.12.2024
One trader has set a $1,200 bid for one RLUSD, an early warning sign there could be massive volatility when Ripple’s RLUSD stablecoin launches
Russia to Ban Crypto Mining in Key Regions as Energy Shortages Intensify
30.10.2024
Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy Energy Minister Yevgeny Grabchak has stated that digital...
Milton Friedman on Inflation: A Government-Made Disaster
17.8.2024
Inflation is not a natural phenomenon but a consequence of government actions. Milton Friedman famously argued that only the government can create inflation, and misguided policies, like price controls, worsen the problem. Friedman Famously Said: ‘Inflation Is Made by Government and No One Else’...
How Web3 is Revolutionizing Water Access in Rural India
12.7.2024
The Crypto Council for Innovation has highlighted the positive impact of web3 in rural India through a case study that demonstrated improved water access. Decentralized solutions, like those implemented by Atlantis DAO, are transforming water availability and creating economic opportunities...
APAC crypto crime spikes amid legal resource shortages: Chainalysis report
20.6.2024
APAC’s struggle with increasing crypto crime is exacerbated by a shortage of legal resources and inadequate training for law enforcement
Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid
17.5.2024
A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. Reuters: Increased Crypto Mining Strains Laos’ Hydropower Grid...
Irthu Suresh: Using Blockchain Tech to Reduce Water Shortages
14.5.2024
The founder of the Atlantis water exchange is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31
Bitcoin Miner Riot Warns of Profit Risks Due to Chip Shortage and Climate Regulations
26.2.2024
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate...
Nigerian Central Bank Warns Counterfeiters as Residents Reportedly Grapple With Cash Shortages
13.12.2023
As Nigeria grapples with cash shortages, the country’s central bank warned of the presence of counterfeit, higher-denomination naira banknotes. The bank has urged members of the public to report anyone suspected of falsifying or counterfeiting the banknotes. Central Bank Collaborates With...
Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors
11.11.2023
The Nigerian central bank has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. According to the bank, all banknotes it has ever issued remain legal tender and “should not be rejected by anyone.” No Shortage of Naira Banknotes Says...
Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
22.7.2023
The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for forex. The Central Bank of Nigeria (CBN) said...
US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction
17.7.2023
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is said to have received a similar amount of nairas....
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
15.7.2023
A Zimbabwean economist has said authorities should consider paying a portion of government employees’ salaries with gold coins. The economist said partially paying government workers with gold coins can “help curtail the black market dominance” in the country’s currency...
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
22.3.2023
The number of eNaira wallets has jumped more than 12-fold to 13 million since October
South African Rand Plunges to New 2023 Low Versus the US Dollar
12.3.2023
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial...
Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
6.3.2023
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate...
Nigeria Picks Bola Tinubu as President Amid Cash Shortages
1.3.2023
Tinubu will replace outgoing President Muhammadu Buhari, under whose government the country issued the eNaira and banned banks from interacting with crypto firms
Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade
1.3.2023
Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding the Central Bank of Nigeria’s naira redesign...
Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages
24.2.2023
A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues