CBDC might promote intra-African commerce according to Ghana’s vice president

The Bank of Ghana (BOG) underlined some important arguments for the development of a central bank digital currency in a newly issued document (CBDC). Furthermore, the central bank governor stated in the letter that the central bank is open to suggestions that would aid in the establishment of a viable digital currency. The design of…

UniCredit, an Italian banking institution, was fined $144 million for illegally cancelling crypto miners’ accounts

UniCredit has been fined €131 million ($144 million) in damages by a district court in Banja Luka following a recent lawsuit. The story was first reported by La Repubblica, a local daily. UniCredit’s local office in Banja Luka was accused by Bitminer Factory’s subsidiary of incorrectly closing their accounts. The closure “prevented the Initial Coin…

Greenpeace, cryptocurrency billionaire Chris Larsen, and others are lobbying for Bitcoin’s code to be changed

A campaign named “Change the Code, Not the Climate” is being launched by several climate activist organisations, including Greenpeace and crypto billionaire Chris Larsen. The effort aims to persuade the Bitcoin community to change the way the network orders transactions, despite the fact that it already consumes the same amount of energy as Sweden. Larsen…

UAE IPA has been awarded to Bybit

Bybit, a cryptocurrency exchange, has announced that it has received an IPA (permission in principle) from the UAE. It can now execute virtual asset transactions in the country. Bybit has claimed that it will help the UAE government’s regulatory efforts and will establish a global headquarters in Dubai. It will also offer the entire world…

The Turkish President and Minister of Education have declared that they will spend extensively in Metaverse and begin Metaverse training in the near future

At the opening ceremony of the Metaverse Forum, Turkish President Erdoan emphasized digital transformation. He announced 2022 to be the “Year of Digital Mobilization.” Turkey will invest extensively in the Metaverse, according to Erdoan. Following that, the Turkish Minister of Education, Mahmut zer, stated that the introduction of the metaverse will begin with education. Several…

CHESS blockchain update has been postponed until 2023, according to ASX

The Australian Securities Exchange (ASX) has announced that it will postpone its AU$250 million (US$187 million) blockchain project until at least the end of 2023. The Clearing House Electronic Subregister System (CHESS) was supposed to be upgraded to a blockchain by April 2021, to replace a transaction settlement framework that has been in use for…

According to Google Trends, cryptocurrency search interest in the United States has decreased by 80%

The continuous downturn in digital asset values in 2022 has resulted in a drop in interest in cryptocurrencies among Americans. The search interest for “cryptocurrency” adverts peaked at 100 points in May 2021, but has since dropped to 21, a 79 percent fall. In the last several months, both Bitcoin and Ethereum have suffered year-over-year…

FNDZ, an on-chain co-investment platform, announced a soft launch on March 31 2022

The FNDZ platform, an on-chain follow-up investment platform, has announced that it would go live at 18:00 Beijing time on March 31st. Users will be able to build vaults and deposit stablecoins (BUSD, DAI, USDT) into the digital asset vault or the FNDZ index vault using the Binance Smart Chain (BSC Mainnet), with a deposit…

El Corte Ingles, a Spanish retailer, has teamed up with Deloitte to develop a cryptocurrency exchange.

El Corte Ingles, a Spanish retailer, has teamed up with Deloitte to develop a cryptocurrency exchange.

El Corte Ingles, a Spanish shop, is introducing a bitcoin exchange for its consumers. The firm has teamed up with Deloitte to create a new platform that will allow its clients to invest in cryptocurrencies. Clients of El Corte Ingles appear to be tiny savers. Instead of switching to fresher brands, the company believes they…