Craig Wright Loses Libel Case, Gets £1 in Damages
Craig Wright, who claims to be the creator of Bitcoin, has lost his libel case against Peter McCormack, a podcaster who called him a fraud. The court ruled that Wright gave false evidence and awarded him only £1 in damages. Craig Wright, an Australian computer scientist, has long claimed to be Satoshi Nakamoto, the pseudonymous […]
CBN Revamps eNaira Model, Raises Interest Rate
To increase eNaira adoption, the Central Bank of Nigeria (CBN) is redesigning it and has raised the interest rate from 18.5% to 18.75% to fight the growing inflation. The eNaira, Nigeria’s CBDC, was launched in October 2022 as a digital version of The Naira, Nigeria’s national currency. The digital currency is meant to facilitate faster, cheaper, and more […]
FedNow Goes Live with Ripple Partner Volante Technologies
The Federal Reserve has launched its real-time gross settlement system, FedNow, with the help of Volante Technologies, a fintech firm that partners with Ripple. The new service aims to modernize the U.S. payment system and enable instant transactions across the country. The Federal Reserve, the central bank of the United States, has officially introduced its […]
Avalanche Foundation Launches $50M Tokenization Program
The Avalanche Foundation has announced Avalanche Vista, a $50 million program to buy and promote tokenized assets on its blockchain network. The initiative aims to showcase the benefits of tokenization for various sectors and advance on-chain finance. Tokenization is the process of creating a digital representation of a real-world asset on a blockchain network. It […]
Bybit with Red Bull Racing to Launch F1 Data-Inspired NFTs
Bybit, teamed up with Red Bull Racing, has announced the Velocity Series, a groundbreaking digital art collaboration that will create unique NFTs based on race data from the F1 car. The Velocity Series project will merge art and racing by creating unique non-fungible tokens (NFTs) inspired by race team data and telemetry from the RB19 […]