What is the role of central bank digital currencies in the future of money?

What is the role of central bank digital currencies in the future of money?

Post Views: 258 Understanding the current landscape of digital currencies To fully grasp the future of money and the role of Central Bank Digital Currencies (CBDCs), it is crucial to first understand the current landscape of digital currencies. In recent years, digital currencies have gained significant traction and popularity, revolutionizing the way we transact and…

How do I explain cryptocurrencies to someone who is new to the concept?

How do I explain cryptocurrencies to someone who is new to the concept?

Post Views: 234 Explain cryptocurrencies to someone Cryptocurrencies have taken the world by storm, revolutionizing the way we think about money and transactions. In this digital age, understanding cryptocurrencies is becoming increasingly important. But what exactly are cryptocurrencies? At their core, cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies…

DeHub Makes History By Announcing New $1 Million NFT Raffle

DeHub Makes History By Announcing New $1 Million NFT Raffle

Post Views: 228 What’s there to know about DeHub’s raffle? Entering the raffle only costs $11 (BUSD) and participants stand a chance of winning a $1 million home (or equivalent value in stablecoins) in the United Kingdom. This is in fact the world’s inaugural house raffle based on blockchain technology, which also means that it…

ENS Domain Registrations Skyrocketed Last Month, Total Names Created Nears 2 Million

ENS Domain Registrations Skyrocketed Last Month, Total Names Created Nears 2 Million

Post Views: 307 The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the…

Bitcoin, Ethereum Technical Analysis: Crypto Markets Down Ahead of Friday’s Nonfarm Payrolls Report

Bitcoin, Ethereum Technical Analysis: Crypto Markets Down Ahead of Friday’s Nonfarm Payrolls Report

Post Views: 231 Bitcoin was trading lower on Thursday, ahead of tomorrow’s monthly nonfarm payrolls (NFP) report. The U.S. labor market has recently shown signs of slowing, following data this week reporting that nationwide job openings had fallen. Ethereum also dropped on the prospect of the NFP report, which is expected to come in at…

Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally

Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally

Post Views: 405 A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this…

Solana’s Investigation Indicates Wallet Exploit Tied to Slope Mobile App

Solana’s Investigation Indicates Wallet Exploit Tied to Slope Mobile App

Post Views: 312 Following the Solana wallet attack, the Solana Status team updated the public and detailed that the wallet addresses affected by the breach were tied to Slope mobile wallet applications. The team further stressed that “there is no evidence the Solana protocol or its cryptography was compromised.” While the details of exactly how…

National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay

National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay

Post Views: 374 The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations that were evading the payment of…

Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start

Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start

Post Views: 280 In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs, Flutterwave and Chipper Cash. The Central African Republic’s…

Biggest Movers: BNB Hits 2-Month High, ETC Extends Recent Declines

Biggest Movers: BNB Hits 2-Month High, ETC Extends Recent Declines

Post Views: 289 After extending recent gains, bnb rose to its highest point in two months during today’s trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session. BNB, the native…