What you should know about Bitt Inc, the digital currency partner of the Central Bank of Nigeria
Bitt has been selected as the technical partner for the Central Bank of Nigeria’s digital currency, nicknamed eNaira, which will be introduced later this year. The announcement was made on Monday, August 30th, by the Central Bank of Nigeria . People have expressed an interest in learning more about the company and how Nigerians will […]
SEC chairman warns that crypto-assets need public policies to survive
Gary Gensler, chairman of the United States Securities and Exchange Commission, cautions that crypto assets will not live long independent of a public policy framework. In an interview with The Financial Times, Gensler emphasized the importance of a regulatory framework for crypto platforms in order for them to survive. He went on to say that […]
El Salvador’s legislative assembly approves Bitcoin Trust worth $150M
El Salvador’s Legislative Assembly has passed legislation that establishes a $150 million Bitcoin Trust, this move aims to encourage the development of crypto infrastructure and services throughout the country. On Aug. 31, the bill passed with 64 officials voting in favour and 14 votings against the creation of the trust. The Trust’s goal is to […]
Chinese regulators holds meeting to promote blockchain in the securities industry
As part of China’s 14th five-year plan, officials gathered in Beijing to discuss ways to advance blockchain technology development. In Beijing, regulators from China , including the Securities Association of China (SAC) and the China Securities Regulatory Commission (CSRC), came together to explore how blockchain technology can be used in the securities business and how […]
Cream Finance aims to repay users affected by recent hack
Cream Finance, a decentralized finance (DeFi) protocol, will reimburse its users after an $18.8 million flash loan hack on Aug. 30. The DeFi protocol has identified the AMP integration error that caused the loss. Cream has released a post-mortem on the AMP flash loan hack , offering to replace the stolen Ether (ETH) and Amp […]