Month: August 2022

Nigeria Most Crypto-Obsessed English Speaking Country Globally – Featured Bitcoin News

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A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term outlook for cryptocurrencies.” Nigerian Solana Searches Third Highest Globally After the cryptocurrency market crashed in April, a new study found Nigeria as the number one ranked country among English-speaking countries that are most interested in…

Rare Signal Hinting at Bitcoin Price Bottom Emerges

The bitcoin mining difficulty ribbon, comprising short and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode show. Source

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Sango Is Not A CBDC; Here’s Why You Should Pay Attention to It

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The Sango Initiative is something that many crypto investors have heard of but have wrongfully dismissed as just another CBDC. The fact that it is government-backed seems to have cemented this thought in the minds of many. However, Sango is so much more than that. The Sango Initiative comes out of the Central Africa Republic (CAR), a country with vast resources worth more than $3 trillion. This makes the country a hidden gem when it comes to investing, and Sango is a way for the government to bring these opportunities…

Deloitte Survey Clearly Shows Crypto Payments Are The Next Big Thing In Commerce

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A new Deloitte survey titled “Merchants getting ready for crypto” contains extremely bullish news. It clearly shows that businesses of all sizes are getting ready for all kinds of crypto payments. And the vast majority believe that they will become ubiquitous in the next few years. Merchants, they are just like us. Deloitte produced the survey in association with PayPal, which is telling and arises questions.  “Survey respondents are very optimistic about digital currencies in the consumer market, reporting broad agreement that accepting digital currency payments is already a point…

CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible – Finance Bitcoin News

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Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report, the eurozone’s monetary authority also claims stablecoins, among other options, are “problematic.” ‘Holy Grail’ of Cross-Border Payments in Reach Through CBDC, European Central Bank Insists Cross-border payments should be immediate, cheap, universal, and settled in a secure medium, the European Central Bank remarks in a recently published report. For the first time, the “holy grail” of such transactions is within…

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Starbucks teases Web3 rewards program to attract new customers

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Global coffee store franchise giant Starbucks is looking to launch a new Web3 rewards program to attract and retain customers, according to its interim CEO Howard Schultz. Speaking during the firm’s fiscal Q3 earnings call on Tuesday, Schultz noted that Starbucks will soon reveal a new Web3 “digital initiative” that will expand upon the company’s loyalty program: “This new digital Web 3-enabled initiative will allow us to build on the current Starbucks Rewards engagement model with its powerful spend-to-earn Stars approach while also introducing new methods of emotionally engaging customers.”…

Major hacks in play-to-earn crypto games a ‘matter of time’ — Report

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“Unsatisfactory” cybersecurity measures among play-to-earn (P2E) crypto games pose a great risk to GameFi projects and their gamers alike, warns blockchain cybersecurity auditor Hacken. In an Aug. 1 report shared with Cointelegraph, Hacken said that data indicates that Gaming Finance (GameFi) projects, the category which P2E games would fall under, often “put profits above security” by releasing products without taking appropriate precautions against hackers. “GameFi projects […] do not follow even the most essential cybersecurity recommendations, leaving malicious actors numerous entry points for attacks.” P2E games often incorporate nonfungible tokens…