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The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market.Kenya-based Safaricom was also the first company to break Ethio Telecom’s monopoly on Ethiopian mobile
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One example of an early investor appearing to ditch PEPE is pseudonymous crypto trader “vxv.eth.” The wallet has accumulated 1.3 trillion tokens since its initial purchase on April 17, Nansen data shows. Early Thursday, the account transferred its PEPE stash worth $2.1 million to crypto exchanges Gemini and UniSwap, completely
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Economist Peter Schiff expects a lot more banks to fail, warning that “nobody’s money is safe in any bank.” He stressed: “When the Fed sets interest rates too low and prints a lot of money … it unleashes massive inflation, creates tremendous economic imbalances that result in financial crises and
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The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Crypto and Digital Assets Summit in London. LIVE: Crypto and Digital Assets Summit Day 1. Tune in to hear leaders from across the industry
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Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate to extreme levels, even for
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Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides the U.S. dollar. However, he warned about the dangers that printing too much money could bring to the strength of
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Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters. Original Source
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Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.The monetary landscape is becoming fragmented, Moody’s said, but
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Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement.According to a May 1 press release, the FBI’s Detroit Field Office and the National Police of Ukraine “conducted coordinated, court-authorized activity” that resulted in
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto is the only form of money that artificial intelligence (AI) systems can incorporate, Erik Voorhees, in a recent tweet, has claimed. Crypto and AI seamlessly fit Voorhees, a libertarian advocating for less regulation in the crypto
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