blockchain

Nigeria’s Vice President makes a surprising case for Cryptocurrencies

A contradictory statement has recently been made by Nigeria’s Vice president Prof. Yemi Osinbajo, concerning the recently imposed Cryptocurrency ban by the country’s Central bank. The Vice President explained at the CBN bankers committee economic summit, that digital currencies are an inevitable part of the country’s economy. Prof. Osibanjo makes a fair case for digital […] …

blockchain

‘Bitcoin Doesn’t Behave Like A Payment Instrument’, Says Mastercard’s Vice-Chair

Mastercard may have warmed up to cryptocurrencies recently, but if you’re expecting to use your debit cards to pay for your coffee, an executive at the payments giant has bad news for you. Ann Cairns, the executive vice chair at Mastercard stated in a recent conference that Bitcoin is too volatile for the company. Mastercard […] …

blockchain

How the CEO of Binance became one of Bitcoin’s biggest whales

The practice of moving large amounts of Bitcoins, pumping, and dumping assets at will, are perks accorded only to the biggest of players in the industry. Their arrival, often captured by whale bots, is accompanied by massive inflow and outflow of Bitcoins, worth millions and billions of dollars. These big dogs; Bitcoin whales have already […] …

blockchain

China’s PBOC to Test Cross-border Digital Currency Payments With Other Central Banks

With its accelerated development on CBDC, China’s Central Bank PBOC is now exploring a digital currency cross-border project in collaboration with central banks of Thailand, Hong Kong, and the United Arab Emirates. PBoC is looking to tap into the current zeal with CBDCs in the Asian markets. Also, FinTech developments in the Arab market are
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blockchain

Leading crypto ETP issuer 21Shares records $1 billion AUM

TL;DR Breakdown: Leading crypto ETP issuer, 21Shares, has surpassed an AUM of $1 billion.  This milestone is coming just a few weeks after the company reported $500 million in AUM. The Switzerland-based leading cryptocurrency ETP (exchange-traded product) issuer, 21Shares, has reported exponential growth in assets under management (AUM). This is somehow another confirmation of deep-pocketed […] …