Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

Nigeria Moves to Ban P2P Naira Crypto Trading
Nigeria Moves to Ban P2P Naira Crypto Trading
May 07, 2024  |  Cryptocurrency

Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer trading. The ban would affect P2P trading in the country’s naira, Bloomberg reported...

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Robinhood Crypto Target of Potential SEC Enforcement
Robinhood Crypto Target of Potential SEC Enforcement
May 06, 2024  |  Cryptocurrency

Robinhood’s cryptocurrency business could become the target of regulatory action. The trading platform said Monday (May 6) that it received a Wells Notice from the U.S. Securities and Exchange...

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Vodafone is Bringing Crypto Payments to SIM Card-Based Mobile Wallets
Vodafone is Bringing Crypto Payments to SIM Card-Based Mobile Wallets
May 06, 2024  |  Cryptocurrency

Phone, keys, wallet. That’s the daily routine that tens of millions  if not billions — of people undergo each morning when checking their pockets or...

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Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets
Swiss National Bank Says Wholesale CBDC Eliminates Barriers in Financial Markets
May 06, 2024  |  CBDC

The Swiss National Bank (SNB) is conducting a pilot project that has used wholesale central bank digital currency (CBDC) and successfully settled four tokenized bond issuances and...

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Visa: Bots Drive 90% of Stablecoin Transactions
Visa: Bots Drive 90% of Stablecoin Transactions
May 06, 2024  |  Cryptocurrency

Bots account for a vast majority of stablecoin transactions, recent Visa research shows. Fewer than 10% of these transactions come from genuine users, according to a new metric from...

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Bakkt Cuts 13% of Staff as Execs Depart
Bakkt Cuts 13% of Staff as Execs Depart
May 06, 2024  |  Personnel

Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in an April 29 securities filing that...

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Crypto Firms Engage in Aggressive Fundraising to Boost Valuations
Crypto Firms Engage in Aggressive Fundraising to Boost Valuations
May 05, 2024  |  Cryptocurrency

Cryptocurrency startups are reportedly engaging in aggressive fundraising as the digital asset space recovers. As Bloomberg News reported Saturday (May 4), this approach entails an...

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Crypto.com Looks to Sports to Capture Non-Crypto Audience 
Crypto.com Looks to Sports to Capture Non-Crypto Audience 
May 05, 2024  |  Cryptocurrency

Crypto.com wants to increase its sports sponsorships to reach a wider audience. The company is targeting sports as a driver to reach non-crypto enthusiasts and “will double...

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Coinbase Wants to Prove Crypto’s Utility With Cheaper Payments
Coinbase Wants to Prove Crypto’s Utility With Cheaper Payments
May 03, 2024  |  Cryptocurrency

Coinbase, the largest U.S.-based cryptocurrency exchange, is ultimately a crypto story. And like all crypto stories, it has its downs — and its wild ups. Coinbase reported earnings per share...

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