Jamaican Prime Minister Optimistic About Adoption of CBDC
The topic of central bank digital currencies (CBDCs) has sparked debate across different countries. While the majority are yet to make any significant strides on the issue, some countries are already steps ahead and pushing for adoption. Jamaica’s central bank completed
Former Thai SEC Chief Addresses Proposed Crypto Taxation
The former deputy secretary-general of the Thailand Security and Exchange Commission (SEC), Tipsuda Thavaramara, has addressed the issue surrounding cryptocurrency transactions in the country. Thavaramara noted that while the move to collect taxes from the cryptocurrency sector was good, several issues
Bitfarms Buys Another 1000 Bitcoin During Dip
Bitfarms, a leading Bitcoin mining company based in Canada, has announced the addition of another 1000 BTC. The company bought the additional Bitcoin during the price dip that happened during the first week of 2022. The recent purchase comes as the
Tonga Creates Bitcoin Wallet For Relief Donations
Bitcoin donations have become popular globally, and despite the current sluggish performance of cryptocurrency prices, Bitcoin holders are stepping in to help with the relief efforts in the Kingdom of Tonga. The Kingdom of Tonga was hit by a major volcanic
Mozilla Pauses Crypto Donations Amidst Backlash
The Mozilla Foundation, the body behind the Firefox browser, has retracted its decision to accept crypto donations. However, this decision has not been received well by players in the cryptocurrency market. Dogecoin’s co-founder, who goes by the name Shibetoshi Nakamoto on
N26 Plans To Offer Crypto Related Services
N26, a neobank based in Germany, plans to offer crypto-related services. The financial institution has noted that these services will be available by the end of the year. The neobank noted that it should have focused on crypto offerings from the
NFT Sales on Polygon Hits All Time High
The Polygon network has been recording an increase in the number of non-fungible tokens (NFTs) sold on the platform. The number of NFTs sold on the layer-two network recently hit an all-time high of almost two million. A report from Dune
Binance Wallet Address Buys 43,000 Bitcoin
Binance, the largest cryptocurrency exchange platform, is joining the list of whale addresses stacking up on more considering the ongoing market recession. This comes as the recent Bitcoin dipped to the market sentiment hitting an “extreme fear” level. One whale address that
WeChat Announces Plans To Support Digital Yuan
China’s digital yuan is proving to be a major success as time goes by. The level of adoption for this digital currency currently sits at record highs and this is expected to spike after the recent announcement by WeChat. WeChat, the
Baidu To Launch Crypto Free Metaverse App
Baidu has announced it will be launching a metaverse app. According to the tech giant, the app will take at least six years to develop before being launched. The announcement comes as leading Chinese tech giants race towards the metaverse. However, Baidu