Digital currencies don’t meet the three criteria that define a currency, according to the head of South Africa’s central bank. Lesetja Kganyago, the governor of the South African Reserve Bank, further called on regulations for the industry, even as the country sees multi-billion dollar BTC scams. South Africa is one of the continent’s leaders in digital currency adoption, ranking behind […]

The Nigerian Securities and Exchange Commission, the country’s financial market regulator, has set up a fintech division to study all crypto-related investments and products to assess the feasibility of establishing a regulatory framework. According to Lamido Yuguda, the director of the SEC, his bureau wants to come up with the proper rulings to ‘protect’ consumers in the best way possible. […]

Bitcoin (BTC) adoption in El Salvador as a legal tender has sparked widespread discussions among the crypto community, and two new surveys have unveiled that a vast majority of Salvadorans aren’t happy with such a maneuver. According to El Diario de Hoy and La Prensa Grafica, citing a survey of 1,281 people made by the Central American University (UCA), 7 […]

Cardano has announced the hardfork of the Alonzo testnet which was implemented on 1 September as successful and one more step closer to the Mainnet launch on September 12, 2021. According to its parent company IOHK, the deployed upgrades are integrating as designed, and intense testing is underway to make sure everything is ready for the upcoming hardfork. “Yesterday, we […]

In an effort to increase customers’ security and privacy on their platform, cryptocurrency exchange Bitfinex has announced the adoption of an open authentication standard U2F within its merchant payments service Bitfinex Pay. The move enables the capacity for online stores and merchants adopting the Bitfinex Pay widget to receive payments for goods and services in a range of crypto assets, […]

APENFT, an NFT collection fund, announced it has partnered up with Binance to cohost the ApeAvata Charity Mystery Box event. As per the announcement, the two companies will collaborate in hosting ApeAvata, an event aimed at unleashing greater potentials to the NFT ecosystem. The 60- day event is scheduled for September 6 and will reportedly incorporate NFT celebrity avatars and […]

Taking NFT Art Global  This sphere creates a platform for global artists, athletes, and celebrities where they launch their first-ever NFTs, an exclusive curated collection presented at a global scale. NFTs preserve information on a digital ledger (blockchain network) guaranteeing a certificate of authenticity to a digital asset, can be uniquely identified, and are trackable via the blockchain network that […]

The US Securities and Exchanges Commission (SEC) is investigating the no order-book decentralized exchange Uniswap according to unnamed sources familiar with the matter. SEC is examining Uniswap Labs, the entity that developed the platform, seeking information on how it is used and marketed with the investigation being at the early stage and may not produce any formal allegations of wrongdoings […]

The Indian government could finally be making plans to embrace the crypto economy. India Considering Legitimizing Crypto The ambiguous state of legality of cryptocurrencies in India might soon be coming to an end for good if a recent report by The Economic Times is anything to go by. According to the report, the government of India is planning to define […]