Day: January 8, 2023

Nigeria to Stop Cash Withdrawals From Government Accounts – Economics Bitcoin News

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From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from the Nigerian Presidency. Government Workers Vulnerable to Money Laundering Nigerian government workers will be prohibited from drawing cash from government accounts starting on March 1, Modibbo R. Hamman Tukur, the head of the Nigerian Financial Intelligence Unit (NFIU), has said. The new rule, which…

Fractional NFT Is The New Trend To Unlock Barrier-Less Investment

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Can you imagine how a virus spread and made the entire world go digital for literally everything? Schools, jobs, shopping, food, and almost everything went virtual. It was difficult for most of us to move from physical to digital. However, from a business perspective, the year 2020 gave a potential boost to various businesses, especially startups. The Fractional NFT market went mainstream during this period and exploded more than anticipated. In the early days, NFTs were exclusively used by passion-led creators. But then, we have come a long way while…

New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases – Markets and Prices Bitcoin News

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The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with $19 Million in Sales, 52.82% Increase from Previous Week According to NFT sales statistics, the first week of the new year saw a 26.01% increase compared to the last week of 2022. Cryptoslam.io metrics show that there were 1.2 million…

Mexico’s digital peso delayed, launch date unclear

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More than a year after it was announced, Mexico’s proposed central bank digital currency (CBDC) is still in the initial phase and unlikely to meet its 2024 launch date.  According to local media reports, Mexico’s central bank, known as Banxico, is working on legal, administrative and technological requirements for the peso’s digital version.  In December 2021, the local government announced its plan to introduce a national digital currency, noting in a tweet that the “new technologies and next-generation payment infrastructure” would improve Mexico’s financial inclusion. While that tweet mentioned a launch in…

Mexico’s digital peso delayed, unclear launch date

Mexico’s central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024.  According to local media reports, Mexico’s central bank, known as Banxico, is currently working on legal, administrative, and technological requirements for the peso’s digital version. The first of three stages for the proposed launch timeline. In December 2021, the local government announced its plan to introduce a national digital currency, noting on a Twitter post that the “new technologies and next-generation payment infrastructure” would improve Mexico’s…

The Opportunities and Challenges in 2023: Join FAMEEX’s AMA Space to Know More

Place/Date: – January 8th, 2023 at 7:22 pm UTC · 3 min read Source: FAMEEX Is BTC expected to surpass 30,000 USDT in 2023? FAMEEX is offering 1000 USDT rewards and collaborating with 8 projects to host a Twitter Space event on January 9. Following the bear market crash in the cryptocurrency market in 2022, BTC supporters and crypto investors are still reeling from their losses. Where do you think BTC will go in 2023? Will Web3 be able to bring about a resurgence in the crypto market? Will DAO…

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings  – Bitcoin News

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Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation Following a Reuters report in mid-December 2022 that said Binance is being probed by the U.S. Department of Justice, a report from The Washington Post claims American hedge funds are being investigated as part of…