Tag: digital currency

BRICS Shift Toward CBDCs: A New Era in Global Economics and a Dollar-less Future

The BRICS nations purposefully switch economic transactions from the US currency to cryptocurrencies to promote their currencies.  The BRICS Pay system and Central...

Bitcoin Halving: Assessing Impact and Anticipating Trends

The recent Bitcoin halving has sparked discussions about its impact on the cryptocurrency's supply dynamics and price stability. Regulatory attitudes towards Bitcoin have...

ZiG: Zimbabwe abandons gold-backed digital currency, launches fiat

This physical fiat currency, consisting of notes and coins, will be backed by gold in the same manner as the digital token was. ...

Tether and Uzbekistan’s National Agency of Perspective Projects Join Forces

Tether embarked on a groundbreaking journey with the Republic of Uzbekistan by signing a MOU with the NAPP. Uzbekistan strides towards becoming a...

Embracing the Digital Future: South Africa’s Regulatory Path for Cryptocurrencies

South Africa's Financial Sector Conduct Authority (FSCA) has granted operating licenses to 59 cryptocurrency businesses. The authority received a total of 355 applications...

Paycorp and Triple-A Partnership Redefine Crypto Transactions in South Africa

The Paycorp and Triple-A partnership seeks to introduce a new feature to the Paycorp-powered CryptoExpress app.  Over the past two decades, Global Payment...

Lightspeed Faction launches a $285 million crypto fund

Lightspeed Faction revealed its official $285 million crypto startup fund aimed to overhaul the interaction of Decentralized applications in today's market. The blockchain...

KYC to KYW: Evolution of AML Security in the Crypto Ecosystem

KYC systems are a security feature specifically designed to counteract money laundering. A Know-Your-Business(KYB) system generally obtains comprehensive information about business partners...

Mara exchange lays off employees further reducing staff

The web3 startup launched Mara Chain, a layer-1 blockchain and Alchemu-esque platform. On May 2023, the famous web3 startup had to lay off...

Uganda takes a positive step towards crypto regulation

Uganda's Bitcoin trading volume ranged between $50,000 and $60,000 monthly, despite there existing a ban imposed by the government Noah Baalessanvu, a crypto...

Ripple Unveils CBDC Platform to help governments launch and manage their CBDCs

Ripple's CBDC Platform is designed to streamline the processes of minting, managing, transacting, and redeeming CBDCs and stablecoins. The platform offers ledger technology...

Is the Metaverse on death row?

According to reports, only 58% of Meta's employees understand the company's metaverse vision. Mashable reported that Horizon World, another metaverse going...

Web5.0: The next evolution of Web3 or a potential copyright infringement?

Jack Dorsey first coined the image of the web5 network after vividly expressing his grievances. Decentralized Web Nodes are the primary structures...

Nigeria’s blockchain policy launches, paving the way for Africa’s web3 triumph

In 2021 a survey revealed that Nigeria experienced a 2,467.2% hike in crypto trades. The Federal Executive Council approved the Blockchain policy and...

Zimbabwe announces ambitious Gold backed digital currency

The Reserve Bank of Zimbabwe (RBZ) recently announced a new digital currency, the Gold-backed dollar (GBD), designed to address the country's foreign currency...

China to pay civil servants in Digital Yuan CBDC

The Chinese government revealed that public servants in a selected city will receive their salaries in digital renminbi (RMB) or digital Yuan starting...