DiutoCoinNews

Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

stablecoin

Kenyan Central Bank Governor Believes CBDC May Lead to Financial Exclusion

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According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya due to high adoption of mobile phone banking means launching a central bank digital currency (CBDC) now, could…

Tanzania Finance Officials Call For Clear Global Concensus on CBDC

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Tanzania’s finance officials have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets before final decisions are made by its government and world bodies. Interoperability of CBDCs Earlier before now, Tanzanian President Samia Suluhu Hassan…

Tether Freezes $150M Worth Of Native Stablecoin USDT. What Does This Entail ?

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Popular stablecoin issuer Tether suspended three Ethereum addresses over the week, holding over $160 million worth of USDT, according to data from Etherscan.The three accounts will now not be able to move funds.The three accounts will now not be able to…

Bitcoins Dips Below $42K As Investors Scramble For Stablecoins.

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The price of bitcoin dipped under the $42K zone on Thursday to $42,430 per unit affecting the entire crypto-market and shedding billions in value. At the time of this report, the overall crypto economy is down 4.5% as it fall…

Binance USD Listing on PayPal

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Following the recent PayPal listing which confirmed the listing of Bitcoin, Ethereum  Litecoin among others on PayPal, a recent tweet also has Binance USD on the list.

Coinbase User Loses Over 2 Million Naira in Error Deposit.

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A Nigerian Cryptopreneur took to Twitter to explain an incident between his beneficiary and Coinbase cryptocurrency exchange.

Understanding Stablecoins

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A stablecoin is basically a cryptocurrency that’s designed to mimic the value of another currency (usually fiat).

Top 6 Predictions That Will Drive Innovations in Nigeria’s Tech Space in 2020

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Experts believe that these top 6 predictions can drive innovations in the Nigeria’s tech space, this 2020.

Stablecoin Tether USDT Shades $2 Billion Dropping Behind XRP as the Fourth Largest Cryptocurrency.

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Tether’s Stablecoin USDT has lost $2 billion dropping from its third place as the third-largest cryptocurrency and is now the third-largest altcoin behind Ripple’s XRP.

World Bank Makes Further Investigations On Stablecoins and Central Bank Digital Currency.

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With an increase in the adverse effect of coronavirus pandemic, financial institutions all over the world are increasingly looking into emerging technologies like blockchain to mitigate economic meltdown and to achieve financial inclusion.