Author: Terence Zimwara

Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020 – Bitcoin News

Bitcoin.com

The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that registered Read More

China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’ – Bitcoin News

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The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value of Read More

Book by Nigerian Author Reminds New Adopters Why Bitcoin Was Created – Featured Bitcoin News

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Nigerian author and crypto advocate Nathaniel Luz has said his recently published book represents his attempt to remind people of the initial reason why bitcoin was created. He said bitcoin is the summation of over three decades of research and Read More

Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News

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After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will Read More

Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon – Regulation Bitcoin News

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The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering Read More

CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor – Emerging Markets Bitcoin News

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The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Read More

Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business – Metaverse Bitcoin News

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Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing Read More

Namibian University Set to Offer Master’s Degree in Blockchain Technology in 2024 – Bitcoin News

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A Namibian university is set to offer a master’s degree in blockchain technology starting in the year 2024, a senior employee with the institution has said. The university is already “infusing” blockchain technology-based content into its level 8 programs. ‘Blockchain Read More

Cardano Vasil Hard Fork Postponed to Allow for More Testing – Blockchain Bitcoin News

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A The Input-Output Global (IOG) team has said it will postpone sending the Vasil hard fork update proposal because it still needs to solve seven outstanding bugs that are currently ranked as non-severe. While acknowledging that the news will likely Read More

Namibian Educator: Low Level of Crypto and Blockchain Adoption in Africa Compelled Me to Write a Book – Interview Bitcoin News

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Blockchain and crypto enthusiasts have for years preached about the much envisioned mass adoption of this fintech and why this is an important goal that must be achieved sooner than later. However, many factors like ignorance, a lack of information, Read More

Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’ – Regulation Bitcoin News

Bitcoin.com

The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they cannot function as a medium of exchange. Read More

Binance Reveals Incident That Forced It to Freeze BTC Withdrawals – Featured Bitcoin News

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In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem Read More

Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin – Exchanges Bitcoin News

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Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use the Korean won to trade the crypto asset, Read More

Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extradition to South Africa – Bitcoin News

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A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also Read More

Hong Kong Regulator Reminds Investors of Risks Associated With NFTs – Regulation Bitcoin News

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Hong Kong’s securities regulator has warned investors to be wary of risks that are associated with non-fungible tokens (NFTs). The regulator also advised investors to consider investing in NFTs only if they fully understand the risks. NFTs ‘Straddle the Line Read More

Report: South Korea to Recruit Companies for Metaverse Content Creation Project – Metaverse Bitcoin News

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The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading Read More

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox – Regulation Bitcoin News

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The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Blockchain Association of Uganda (BAU). BAU Read More