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Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’


The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.” The coin was launched in October 2018, and made headlines when its masterminds claimed it was the first state-backed cryptoasset. The government said that...

Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study


Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto adoption, according to the latest Emurgo State of Web 3.0 in Africa report. Africa’s Share of Global...

Turkish state-owned banks now work with CoinTR


CoinTR Exchange is committed to providing its users with a reliable and easy-to-use platform and aims to establish itself as one of Turkey’s top cryptocurrency exchanges. To further enhance the platform’s reliability and user experience, CoinTR Exchange has partnered with state-owned...

Reviewing the Tether Documents


Last week, CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after our original filing in 2021 and only after a full-blown legal fight with Tether, which CoinDesk won...

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets


Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform...

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