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The Central Bank of Nigeria (CBN) recently decided to lift the foreign exchange restrictions on the importation of 43 items. The bank had initially imposed these restrictions in 2015 and acknowledges that they may have contributed to the devaluation of the naira in the parallel foreign exchange market. This article discusses the reasons behind this […]

The year 2023 witnessed a significant downturn in the meme coin market, with a staggering loss of over $3 billion in value. The most prominent players in the meme coin sector, dogecoin (DOGE) and shiba inu (SHIB), have seen substantial drops in their market capitalization since the year's onset. DOGE lost $2.46 billion, while SHIB

Coinkite has recently unveiled its newest offering, Satslink. This in-progress gadget occupies a distinct spot at the crossroads of various communication and mobile hardware sectors, offering developers a powerful tool for creating a diverse range of applications. The Flexibility and Versatility of Satslink Instead of being confined by a rigid framework, Satslink utilizes open and

The Moscow Exchange, Russia's premier exchange platform, has revealed its intent to mint real estate digital assets by 2024. Sergei Kharinov, the platform's digital assets director, suggests that this move will facilitate both qualified and unqualified investors in diversifying their portfolios with real estate assets. Integration of Blockchain Technology in Real Estate As per recent

The recent weekend saw a promising upward trend for Shiba Inu and Solana in the cryptocurrency market. Shiba Inu reached its highest value since the start of the week, recording a 4% rise. In tandem, the global crypto market cap also witnessed gradual increases. Solana, another cryptocurrency making headlines, saw its value rise above the

Grayscale's Bitcoin Trust, otherwise referred to as GBTC, has recently undergone a significant transformation in its market behavior. In January 2023, GBTC was trading at a substantial 48.31% markdown relative to its net asset value (NAV). This gap has now shrunk to 16.59%, indicating a significant shift in market sentiment and potential implications for investors.

Over the past few months, the stablecoin landscape has remained relatively static, barely surpassing $123 billion as we traverse the third week of October. Despite a noticeable increase in fiat-pegged token trading this week, as of October 13, stablecoin transactions only constituted 22.96% of the global crypto economy's trade volume. Interestingly, just a day earlier,

The Reserve Bank of India (RBI), the country's central bank, has embarked on a second pilot phase for its wholesale central bank digital currency (CBDC), focusing on the call money market. The bank intends to broaden its e-rupee trial to encompass the complete wholesale sector, inclusive of asset tokenization and repo transactions. RBI's Second Pilot

In a noteworthy shift, the U.S. Securities and Exchange Commission (SEC) has chosen to forego appealing a recent court verdict favoring Grayscale Investments' Bitcoin ETF conversion plans. This development, reported by Reuters, follows a legal dispute and months of suspense, hinting at a potential change in the SEC's approach towards the approval of a spot

Publicly traded bitcoin mining company, Cleanspark, recently made headlines by reserving 4.4 exahash per second (EH/s) of Bitmain's advanced S21 Antminers. This batch, estimated to be worth around $61.6 million, comes out to approximately $14 per terahash per second (TH/s). Details of Cleanspark's Acquisition Cleanspark, listed on Nasdaq under the ticker CLSK, is a U.S.-based