Monday, November 4, 2024
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U.S. Government Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts

“If the government shuts down, forward progress on bills will be stalled,” said Sheila Warren, CEO of the Crypto Council for Innovation, an industry advocacy organization, who says she’s concerned about lawmakers losing the focus that’s been a challenge for the industry to build. “In the aftermath of a shutdown,

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Indie Russian news firm raises $250K in crypto after sanctions cripple finances

A Russian independent news company has raised more than US$250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage of Russian government propaganda and censorship. Meduza, a Latvian-based Russian-language news site that claims to report on “the real Russia, today” has been asking for donations

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Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country's fintech sector.The CBN Branch Controller Bariboloka Koyor spoke

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Bitcoin Price Crash Fails to Cripple Retail Demand

Bitcoin’s eccentric performance last week had it shed roughly $80 billion from its global market valuation. But investors are not giving up on the world’s first decentralized digital asset.The bitcoin-to-dollar exchange rate rebounded by an astonishing 72 percent after bottoming out temporarily at $3,852. The pair traded near the $7,000-top

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