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Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
26.6.2022
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black...
DeFi ‘Super App’ Parallel Finance Doubles Valuation, Plans Up to $60M Series B
5.4.2022
The Polkadot-based lending protocol raised $5 million at a $500 million valuation, up from $250 million in November
Polygon Announces Zero-Knowledge Identity Platform for Web3
1.4.2022
On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge (ZK) cryptography and Polygon expects...
Mytopsporstbook: Metaverse Takeover – Companies Like Nike, Ralph Lauren and the NFL Leading the Way
1.4.2022
PRESS RELEASE. March 2022 – MyTopSportsbooks.com publishes their METAVERSE article showing just how parallel this virtual universe is to our reality. Mainstream Companies Take Their Cut With several traditional companies on the fence about this traditionally intangible virtual world, other...
Another Crypto Exchange Eyes Nasdaq, Polkadot's Parallel Finance + More News
18.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Another Crypto Exchange Eyes Nasdaq, Polkadot's Parallel Finance + More News
Parallel Finance Launches DeFi ‘Super App’ for Polkadot Crypto Ecosystem
18.3.2022
The lending protocol with $500 million in TVL is making a play for market dominance
The Rat Has A Name And Will Be Playable In TMNT: Shredder’s Revenge
11.2.2022
Retro beat ‘em up Teenage Mutant Ninja Turtles: Shredder’s Revenge isn’t pulling its punches. Indie developer Tribute Games revealed yesterday, during a mini-PlayStation indie event, that mutant rat and ninjutsu master Splinter will be playable in the arcade homage when it releases later in 2022....
100 NFT Collections Surpass $20 Billion in Volume — Cryptopunks, Bored Apes Capture Top Volumes
31.12.2021
Non-fungible token (NFT) assets were extremely popular this year and to date, there’s been more than $20 billion in volume recorded in terms of NFT sales among 100 collections. While many single NFTs sold for millions of dollars a number of NFT projects and collections saw hundreds...
Litentry Partners with Parallel to Offer Liquidity and Bonus
1.11.2021
Litentry Crowdloan recently announced a partnership with Parallel. The collaboration will see Litentry Crowdloan offering PARA bonus and cDOT liquidity to its contributors. The integration will render multiple rewards to the contributors. Here is an overview of the perks: Users can earn 4 PARA...
No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’
29.10.2021
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean...
Nigerian Presidency: Vice President Yemi Osinbajo Against ‘Willy-Nilly Devaluation of the Naira’
15.10.2021
The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu...
Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service
20.9.2021
Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity...
Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days
17.9.2021
The Nigerian currency, the naira, plunged to a new all-time low of N570 for every dollar on September 16, 2021. This new exchange rate means since August 17, the naira has now lost about a tenth of its value on the foreign currency black market. Naira Overvalued In spite of this plunge, which...
$2 Billion Crypto Fraud Bitconnect and Founder Charged — Director Pleads Guilty to Criminal Charges
3.9.2021
The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. “The Bitconnect scheme is believed to be the largest cryptocurrency fraud...
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
28.7.2021
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying...
Forex Shortages Force Nigerian Corporates to Turn to Parallel Market
13.7.2021
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these...
Magic: The Gathering’s Latest D&D-Themed Set Has Me Hyped
1.7.2021
Adventures in the Forgotten Realms, the newest set of Magic: The Gathering cards, wants you to roll for initiative. New in the set are a class of cards called dungeons that will let players go dungeoneering from the comfort of the card table.Read more
New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices
21.6.2021
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices...
Nigeria’s Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation
28.5.2021
The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar. This was shortly after the exchange rate...
Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes
22.5.2021
According to the head of the Nigerian group of bureau de change operators, the naira’s continued fall on the parallel market is down to the activities of speculators. However, Aminu Gwadabe, the president of the Association of Bureau de Change Operators of Nigeria (ABCON), suggests that only...