CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor

The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country.

Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions

Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets.

Bali-based Ekta Secures $60m from VC GEM

Bali-based Ekta has secured $60 million in funding from venture capital firm Global Emerging Markets (GEM), despite a downturn in the crypto market.

New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory

The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory.

Study: 7.6 Million South Africans Are Crypto Investors, Social Media Main Source of Crypto-Related Information

About 22% of South Africa’s adult population, or 7.6 million people, are cryptocurrency investors, findings by a study done by Kucoin cryptocurrency exchange have shown.

Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs

Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said.

Old Fashion Research Launches $100 Million Latam and Emerging Markets Crypto Metaverse Fund

A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing.