Stakeholders urge Nigeria to adopt compliance-focused crypto regulation
While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes.
Related Posts
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.On June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare as the stablecoin’s weightage in the pool rose above 70%, leading to…
Boeing Uses Blockchain to Track and Sell $1 Billion in Aerospace Parts
Boeing has partnered with multinational aerospace conglomerate Honeywell to use its GoDirect platform to track and sell $1 billion worth of excess airplane parts using blockchain technology.The partnership was revealed at the Hyperledger Global Forum 2020 in Arizona. Lisa Butters, the general manager of Honeywell, stated that the parts were uploaded to the GoDirect Trade…
FTX collapse won’t impact everyday use of crypto in Brazil: Transfero CEO
The crumbling of the FTX crypto empire may have damaged Brazilian retail and institutional sentiment toward crypto. However, its impact won't affect everyday citizens — who will still use crypto for cross-border transactions.Reflecting on the recent fall of FTX, Thiago César, the CEO of fiat on-ramp provider Transfero Group said that the exchange’s fall, like…
Shark Tank’s Kevin O’Leary becomes FTX spokesperson, will be paid in crypto
Mr. Wonderful has signed a multi-year deal to serve as a brand ambassador and spokesperson for FTX and will be paid in crypto assets and take an equity stake in FTX. 329 Total views 36 Total shares Shark Tank host Kevin O’Leary has become an official spokesman for Sam Bankman-Fried’s FTX crypto exchange and will…
Bitcoin Options See ‘Fast’ Q2 Growth as CME Open Interest Tops $259M
CME is gaining presence in Bitcoin options in a market still dominated by Deribit and exchanges, new data reveals. 2394 Total views 31 Total shares Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows.According to monitoring resource Skew, the past…
Bandai Namco, SEGA among gaming giants eyeing blockchain gaming
Big gaming firms are working to spur mainstream blockchain gaming adoption, and don’t want to “change that policy” even if it causes pushback from some. 159 Total views 6 Total shares Japanese gaming giants are positioning for mainstream blockchain game adoption, and will not be swayed by the section of gamers that are against crypto…
Former Bank of Japan exec says Japan will need years to issue digital yen
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency.In a Nov.…
Arca Labs partners with Securitize on regulated, tokenized financial products
500 Internal Server Error