The Nigerian Federal government has approved the country’s “national blockchain policy.” This policy is a result of extensive consultations with 56 Nigerian institutions and public figures. The country’s minister of communications and digital economy, Isa Pantami, announced the new policy, stating that it institutionalizes blockchain technology in Nigeria. The minister added that the National Information
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The SportVerse is an innovative online gaming platform designed for sports fans who want to participate in various sports-related activities on a metaverse. It offers more than just competing against other players. Players can engage in training, diverse events, social interaction, and other supplementary goods and services. The gameplay also enables players to develop their
The Federal Reserve announced on Wednesday that they will raise the benchmark interest rate to 5 to 5-1/4 percent. The move comes as a response to the expansion of economic activity in the first quarter and the need to curb inflation. While unemployment remains low, inflation has been elevated, prompting the Fed to take action.
The White House has expressed concern over the environmental impact of crypto asset mining, citing negative spillovers on the environment, quality of life, and electricity grids. To address these costs, the Biden administration has proposed the Digital Asset Mining Energy (DAME) tax, which will gradually increase to 30% and encourage companies to take better account
In March, a developer named Domo introduced the BRC20 token standard to the Bitcoin community, which has been the topic of conversation ever since. The BRC20 tokens use the Ordinals protocol, allowing creators to mint fungible crypto assets easily on-chain. To create a BRC20 token, an individual must encode a JSON data object containing essential
Bitcoin (BTC) experienced a drop below $28,000 on Tuesday, just as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision. During the session, BTC/USD slipped to an intraday low of $27,680.79, coming less than 24 hours after trading at a high of $28,626.28. This move nearly collided with its recent price floor at
The Federal Open Market Committee (FOMC) is set to meet this Wednesday, with many economists predicting a 25 basis point (bps) increase in the benchmark interest rate. However, some market observers anticipate multiple rate cuts in the future due to recent banking industry turmoil in the US. While these speculations exist, there are analysts who
Crypto.com has launched a new AI-powered chatbot named Amy, which has been specifically designed to assist users in their quest to learn more about the cryptocurrency industry. Amy is capable of providing users with “near real-time information” on the latest developments in the crypto world, as well as insights into historical events that have shaped
Renowned economist and gold enthusiast Peter Schiff has issued a warning about the US economy, stating that it is facing a period of stagflation in which high inflation and high unemployment will both be present. In an interview with Fox News, Schiff explained that inflation had actually increased in Q1 of this year, despite a
Coinbase, one of the world’s leading digital currency exchanges, has received approval from the Bermuda Monetary Authority (BMA) to operate its cryptocurrency operations in Bermuda. This has led to the launch of Coinbase International Exchange, aimed at making Coinbase’s trusted products and services more accessible to users of digital assets who live outside of the