Cryptocurrency Analysis and News Portal
The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives.According to a Friday Bloomberg report, Bank of Tanzania Governor Florens Luoga said on Thursday that Tanzania was planning to follow Nigeria’s example in rolling
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Members of the Digital Currency Forum, include banks like MUFG Bank, Sumitomo Mitsui Banking Corp., Mizuho Bank, Japan Post Bank, industry heavyweights like the Nippon Telegraph & Telephone Corporation, East Japan Railway, and Mitsubishi Corp., as well as local governments. The Bank of Japan, Financial Services Agency of Japan, and
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2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, is looking to make strategic acquisitions to achieve its goal of expanding into Argentina, Chile, Colombia and Mexico, 2TM CEO Roberto Dagnoni told Bloomberg Tuesday.The company is looking to become a provider of blockchain infrastructure for
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The Central Bank of Brazil (BCB) plans to launch a pilot of a digital currency (CBDC) by 2022, BCB President Roberto Campos Neto said on Friday, local media outlet Estadao reported.In September, the BCB told the Brazilian Senate that it planned to launch the final version of a digital real
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Global banking powerhouse Citi is hiring 100 people to beef up its blockchain and digital assets division, according to a source familiar with the bank’s plans.Citi has also made Puneet Singhvi head of digital assets for the institutional clients group (ICG) at Citi as of Dec. 1, according to a
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Private equity firm KKR plans to lead a Series D investment round for crypto platform Anchorage, according to The Information sources. The funding would reportedly push Anchorage up to a roughly $3 billion valuation.San Francisco-based Anchorage is a crypto custody platform that lets institutional investors safely hold and use crypto.
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The SPAC is seeking to raise at least $150 million through private investment in public equity (PIPE) for the deal, which is set to take PrimeBlock public and value the combined entity at about $1.5 billion, Bloomberg said citing some of the sources. Original Source
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The Russian central bank continues to disclose more details about its upcoming digital currency and is now reportedly planning to take commissions for the digital ruble transactions.The fees for Russia’s central bank digital currency (CBDC) transactions will be lower than those of wire transfers, Bank of Russia’s director of financial
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Binance CEO Changpeng “CZ” Zhao says he plans to give away up to 99% of his wealth, according to an interview he gave to the Associated Press that was published on Wednesday. The head of the world’s largest cryptocurrency exchange also said he doesn’t “get” Dogecoin. Source
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Nonfungible tokens (NFTs) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with Korean record label, talent agency and music production company, Cube Entertainment, to build a “K-pop music metaverse.”Announced on Nov. 15, the partnership will see Animoca and Cube work together to create multimedia
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