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IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks


The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation...

Houston Rockets Partner With Bitcoin Company NYDIG in Sponsorship Deal


NBA basketball team the Houston Rockets has partnered with NYDIG, a leading bitcoin solutions provider, to be the team’s official bitcoin services partner. The deal will provide the team with cryptocurrency-related opportunities and give NYDIG exclusive exposure in the team’s social...

FMFW.io Has Listed Audited Asset-Based Stablecoin – EURST


PRESS RELEASE. EURST will be listed on fmfw.io starting November 17th. The Euro representative digital coin you can purchase with FMFW.io with BTC and ETH pairs. Introduction to EURST Stablecoins, which have arisen due to the digital world’s development, are secured with assets, thus...

Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch


Nearly half a million e-naira wallets have been downloaded a few weeks after the central bank digital currency (CBDC) was officially launched by Nigerian President Muhammadu Buhari, the central bank has said. E-Naira’s Initial Trade Volumes In addition to the 488,000 wallets that have been...

Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs


Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate...

Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital


The latest bitcoin (BTC) futures exchange-traded fund (ETF) to be launched in the US – the VanEck Bitcoin Strategy ETF (XBTF) – has had a slow start compared to its two earlier competitors, ProShares’ BITO and Valkyrie’s BTF. But lower costs and a stronger brand should attract more capital over...

Digital Ruble Should Not Boost Inflation, Bank of Russia Says


Bank of Russia is preparing for a prolonged trial of the digital version of the national fiat to ensure this is a “full-fledged ruble,” the head of the monetary authority has emphasized. The regulator has put forward some conditions for the implementation of the new currency project....

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