Category: Blockchain

The Bank of Tanzania is exploring ways to introduce a Central Bank Digital Currency (CBDC) on its monetary system to enhance the domestic payment system. That is according to Bloomberg media outlets. Speaking at the 20th Conference of Financial Institutions (COFI) last Thursday, November 25, Bank of Tanzania Governor Florens Luoga announced that Tanzania is

The price of one tiny cryptocurrency, coincidently named Omicron (OMIC) after the fast-spreading Covid-19 variant, has soared to an all-time high. OMIC token hit an all-time high of $689 during the Monday morning Asian trading session. The move has added another 200% gains on the day for the token and a whopping 945% since Saturday

The price journies of many digital currencies are known to be bullish toward the end of the year. Though the broad crypto industry is seeing a persistent reversal, many are optimistic the bearish turn will help stir a massive upsurge in the coming days. At present, the global crypto market cap is seeing a 1.41%

After slipping to lows of $54,000, a scenario not seen in the last six weeks, El Salvador saw this as a perfect opportunity to buy the dip. President Nayib Bukele noted: “El Salvador just bought the dip. 100 extra coins acquired with a discount.” In September, the total accumulation of Bitocin that the

As Ethereum (ETH) is one of the sought-after networks in the crypto space, scalability becomes an issue that ought to be amicably addressed for optimal results.  Ethereum layer 2 (L2) aims to address this challenge, given that it’s a distinct network running on top of Ethereum Mainnet (layer 1). Therefore, more users and investments continue

Bitcoin’s value has declined by around 14% since its recent peak, and other major cryptos have followed suit, rattling a bullish run.   Bitcoin’s price hovered around $57,000 on Thursday, its lowest level since mid-October, after briefly falling below $56,000 a day earlier.   So far this month, BTC’s value has dropped by 6%, leaving

Cryptocurrency investment giant Grayscale released a report on Thursday stating that by 2025, the revenue of the virtual gaming world may grow to $400 billion. The report entitled “Metaverse, Web 3.0 Virtual Cloud Economy” mainly focuses on the overlap between virtual games and lifestyle while also speaking about the future development potential of blockchain technology

Moonbeam, an emerging protocol that prides itself as one of the most powerful Ethereum-compatible smart contracts on the Polkadot blockchain, has won the second parachain auction slot, riding on the wings of over 200,000 of its diverse community. The keenly contested auction ended in the protocol’s favour after it secured a total of 35 million

Ever since Bitcoin (BTC) hit an all-time high (ATH) price of $69,000 earlier this month, the leading cryptocurrency has retraced, even falling below the psychological price of $60K. Bitcoin was hovering around $57,636 during intraday trading, according to CoinMarketCap. Nevertheless, this correction has not dampened the spirits of strong hands, investors who hold for future

Billionaire investor Mike Novogratz is concerned that Jerome Powell’s renomination for a second term as the Federal Reserve chairman could slow down the growth of the cryptocurrency market. The founder and CEO of Galaxy Investment Partners’ revelations come as an overall investor and not as a Bitcoiner. Speaking in an interview with CNBC’s “Crypto Night in America”