According to a recent survey carried out by the Financial Times, hedge funds are likely to increase their cryptocurrency exposure to 7% by the next five years. This report comes after prominent hedge fund names like Stan Druckenmiller, Paul Tudor Jones III, SkyBridge Capital, and more increased their involvement in the crypto industry. Based on […]
Introduction Bitcoin’s 2021 bull run has dominated media headlines. BTC has gained over 100% in under two months, making it perhaps the best performing tradable asset so far. Almost every week, Bitcoin shattered its previous price records, reaching historic highs of $61,354.14. Although it has since parred some of the gains, analysts estimate that it […]
At the bankers’ committee meeting yesterday, Rakiyat Mohammed, the Director, Information Technology Department, Central Bank of Nigeria (CBN), revealed that the apex bank would launch a Central Bank Digital Currency (CBDC) before the year runs out. The director noted that: “As I said, before the end of the year, the Central Bank will be making […]
Some Kenyan banks have begun disbursing warning alerts to their clients to avoid engaging in cryptocurrency transactions due to the associated risks. These warnings got sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.” According to a local report, NCBA bank Kenya has advised its clients “not […]
According to the Minister of Economic Affairs and Finance of Iran, Farhad Dejpasand, the country is getting closer to fulfilling its income tax targets. The minister noted that the adoption of new technology, like blockchain, has helped Iran grow its revenue and currently accounts for a third of the budget revenue growth. Dejpasand noted that: […]
In its unrelenting efforts to develop and release a digital yuan, Shanghai authorities have announced that they would distribute $3 million worth of the Chinese central bank digital currency to Shanghai residents. As seen in other parts of China in the past, the digital currency will get distributed through a lottery. The state-run Xinhua news […]
A recent study by Gambler’s Pick revealed that members of the Gen Z demographic are more likely to invest their money in cryptocurrency-related investments than traditional investment vehicles like equities. The study, published on gamerspick.com, was conducted towards the end of April. Generation Z, popularly known as Gen Z, is the demographic that succeeds Millennials. […]
Argentina is currently experiencing a boom in Bitcoin mining operations thanks to its highly subsidized power rates and exchange controls, granting miners the ability to sell their newly-mined BTC at prices above the official rate. The increasing mining activity in Argentina also stems from the fact that the country operates a capital control system that […]
Recently, the Chinese government has gotten more conscious about the cryptocurrency economy, with a lot of attention focused on Bitcoin mining operations. The Chinese government has stated its plans to get the country to carbon neutrality by 2060 and capture a good percentage of this neutrality by 2030. That said, many crypto-based companies have begun […]
