Legislators Push For Use Of Stablecoin Crypto As Bail Bond.
New York state legislators have proposed certain amendments to the law that could allow residents to settle bail bonds in stablecoins instead of fiat currency. The bill could become official six months after the relevant regulators greenlight it. Domestic lawmakers…
Binance Stablecoin, BUSD Faces Scrutiny In The US.
Paxos Trust Company, the firm behind Binance’s stablecoin, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform, as New York…
Nigeria Stablecoins And ICOs Legal Framework In The Pipeline.
Nigeria Central Bank has declared its readiness to accept the existence of private stablecoins as well and the necessity to create a legal framework for stablecoins is defined in the latest central bank strategy paper. Published under the headline “Nigeria…
Nigeria Inflation Reaches 17 Year High, Nears 20% As Crypto Traders Go For Stablecoin USDT, BUSD.
The National Bureau of Statistics has said Nigeria’s headline inflation rate increased to 19.64 per cent on a year-on-year basis in July, the highest since 2005, in the same vein crypto traders in Nigeria are saving in stablecoins to forestall…
Kenyan Central Bank Governor Believes CBDC May Lead to Financial Exclusion
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
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 ?
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.
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
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.
A Nigerian Cryptopreneur took to Twitter to explain an incident between his beneficiary and Coinbase cryptocurrency exchange.