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Rumors Dismissed by Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has recently addressed and dismissed rumors circulating about the demonetized naira banknotes. According to the CBN, all banknotes issued by the central bank remain legal tender and should not be rejected by anyone. The CBN clarified its position in a statement […]

Grayscale Investments Seeks to Convert Bitcoin Trust into ETF Crypto asset manager Grayscale Investments is currently engaging with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), according to CEO Michael Sonnenshein. Sonnenshein believes that Grayscale has a significant advantage over

UBS Group AG Expands Offerings in Hong Kong UBS Group AG, the Swiss financial services giant, has reportedly started offering wealthy clients in Hong Kong access to crypto exchange-traded funds (ETFs). These ETFs have received regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong. Citing a source familiar with the matter, Bloomberg

Federal Reserve Chair Jerome Powell's Concerns In recent remarks at an International Monetary Fund (IMF)-hosted event in Washington D.C., Federal Reserve Chair Jerome Powell expressed concerns about the sufficiency of prevailing interest rates amidst an uncertain economic landscape. Despite robust gross domestic product growth, Powell's address indicated the Fed's stern stance, as he stated that

Bitdeer Joins Nvidia Partner Network, Targets Asian Market Bitdeer, a publicly traded blockchain and high-performance computing company, has recently announced its expansion into the field of artificial intelligence (AI) computing and cloud services. The Singapore-based company has joined the Nvidia Partner Network to become a cloud service provider, with a focus on the Asian market.

The value of bitcoin (BTC) has surged by over 38% against the U.S. dollar in the past six months, resulting in a remarkable 125% increase year-to-date. This impressive growth has propelled bitcoin's market capitalization to become the eleventh-largest among global assets, surpassing various assets such as precious metals, exchange-traded funds (ETFs), and corporate valuations. Bitcoin's

Bitcoin and Ethereum Navigate Through Market Uncertainty The cryptocurrency market has remained strong despite a slump in global equities following a hawkish speech by U.S. Federal Reserve chairman Jerome Powell. As of Friday, November 10, 2023, the overall market valuation stands at $1.4 trillion, with a 24-hour global trade volume of $167 billion. Bitcoin (BTC)

Blackrock Inc., the world's largest asset manager, is making a significant move in the cryptocurrency investment space. Through its subsidiary Ishares Delaware Trust Sponsor LLC, Blackrock has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives Deeper Into Crypto

Bitcoin's Supply Tightens Despite Price Rally, According to Glassnode Study A recent study conducted by Glassnode on onchain activities has revealed that the scarcity of the bitcoin supply is increasing. Despite a significant increase in bitcoin's value this year, the study shows that coins are becoming less liquid and are being held by steadfast holders.

Introduction In a recent speech in Basel, Switzerland, Agustín Carstens, the chief of the Bank for International Settlements (BIS), emphasized the significant role that central bank digital currencies (CBDCs) will play in the future financial system. Carstens believes that CBDCs will bring innovation and meet the expectations of the public. Despite acknowledging the challenges that