Day: September 28, 2022

CFTC Commissioner Kristin Johnson touts DCCPA bill in market risk advisory meeting

The United States Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee (MRAC) held its first meeting with its new membership Sept. 28. In her opening statement, the committee’s sponsor, Commissioner Kristin N. Johnson, ran through a laundry list of issues for consideration, but spent the bulk of her time talking about digital assets. This is the first MRAC meeting under Johnson’s leadership. She gave a summary of CFTC actions in the crypto space, including the controversial Ooki DAO case, the recent White House Comprehensive Framework for Responsible Development of Digital…

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Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News

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Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just days after the naira’s parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap According to the Central Bank of Nigeria (CBN), members of the bank’s monetary…

Voyager’s auction did not serve depositors’ best interests, alleges Wave Financial rep

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The assets of crypto brokerage firm Voyager Digital would face a drastically different fate if FTX did not win the bid, claimed a spokesperson of Wave Financial while speaking to Cointelegraph. The spokesperson argued that better bids were on the table, but they “were passed over for strictly cash offers.” Wave, an SEC-registered digital asset management company with over $1 billion in assets under management (AUM), participated in the auction process, bidding a slightly lower amount than FTX for the assets. FTX secured the winning bid with an amount of $1.4…

Walmart dives into the Metaverse: Nifty Newsletter, Sept 21-27

In this week’s newsletter, read about how UNICEF is using nonfungible tokens (NFTs) to help connect schools to the internet and how post offices are able to revive the philately sector through NFTs. Check out how an NFT gaming project lets many aspects of its game be customizable and sold as NFT packs. In other news, Animoca Brands co-founder Yat Siu spoke with Cryptox and shared his thoughts about Asia’s perception of NFTs. And, don’t forget this week’s Nifty News featuring Walmart’s entry to the Metaverse.  UNICEF Giga NFTs to…