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Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
6.10.2024
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in...
Zimbabwe Injects $50 Million to Bolster Devalued Currency
6.10.2024
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have...
Will Satoshi be revealed? Banks to join SWIFT digital asset trials and more: Hodler’s Digest, Sept. 29 – Oct. 4
6.10.2024
HBO’s Money Electric: The Bitcoin Mystery, Banks to join SWIFT digital asset trials in 2025: Hodlers Digest
Nigeria Introduces System to Boost Forex Market Transparency
5.10.2024
The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary preparations before using EFEMS....
Coinbase urges court to reconsider appeal, cites SEC vs Ripple
5.10.2024
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities
Hong Kong makes HKVAX third licensed retail crypto exchange
4.10.2024
HKVAX is the first to be licensed under the region’s new licensing regime, as 16 more exchanges wait
XRP’s ETF hopes after SEC appeal depend on US election: Analysts
4.10.2024
XRP holders were on a high after the first XRP ETF application was filed, only to see hopes dim after the SEC’s Ripple appeal. The race is on between Solana and XRP to become the first US altcoin ETF
Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
4.10.2024
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable...
BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements
3.10.2024
Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic sovereignty and independence of our countries,”...
Kraken launches derivatives trading in Bermuda with BMA license
3.10.2024
The crypto exchange is expanding its offerings in Bermuda as the US SEC goes after it on its home turf
Bitcoin price dip below $60K sparks most exchange buying since 2022
3.10.2024
Bitcoin exchanges see mass withdrawals amid a battle for BTC price support at $60,000
Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution
3.10.2024
Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais
OKX Announces Launch of PayPal USD (PYUSD) Spot Trading
3.10.2024
OKX, the second-largest offshore cryptocurrency exchange, has confirmed the addition of PayPal USD (PYUSD) to its spot trading…
SEC files appeal in Ripple lawsuit
2.10.2024
The Securities and Exchange Commission first filed the lawsuit against Ripple Labs and both its founders in December 2020
Bitwise files for first XRP ETF with US SEC
2.10.2024
Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust
Bitcoin ETFs see biggest outflow in a month as Middle East tensions surge
2.10.2024
The outflow has reversed an eight-day trend of consecutive inflows totaling $1.4 billion.
Can a $10 Bet on DTX Exchange Surge 10,000%? BNB and BOME Investors React
1.10.2024
Investing in high-growth coins in their earlier stages makes big money in cryptocurrency. Last week’s expert prediction in…
Binance ‘fully available’ in Argentina after VASP registration
1.10.2024
Binance becomes fully operational in Argentina after securing registration with the country’s securities regulator.
Gemini’s exit from Canada: What’s driving crypto exchanges out?
1.10.2024
Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins
Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans
1.10.2024
Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb’s...