Day: November 29, 2023

Stakeholder urges swift implementation of Nigeria’s blockchain policy

A stakeholder in the blockchain and fintech ecosystem has called on the federal government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. Nigeria’s National Blockchain Policy aims to deliver economic growth, job creation and more financial inclusion.  Obinna Iwuno, the president of the Stakeholders in Blockchain Association of Nigeria (SiBAN) — an association of blockchain and digital assets industry players advocating for a friendlier digital asset landscape in Nigeria — recently highlighted this during an interview at the National Information…

Santander Selects Crypto Custody Firm Taurus for Safeguarding: Source

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant…

We looked into text pests and here’s what we found

Emily Keaney is the ICO’s Deputy Commissioner for Regulatory Policy, and is responsible for overseeing the ICO’s policy work programme.   Earlier this year, you may have seen media reports about people receiving unwanted contact from ‘text pests’ after using services such as booking a taxi or ordering a pizza. This isn’t an issue the ICO has received many complaints about, so we wanted to gain a greater understanding of how widespread the problem is. Specifically, we wanted to understand what companies are doing to stop their staff from using customers’…

Blast, Latest to Ethereum’s Layer-2 Parade, Stands Out From Rivals – in Hype

Aside from the garishness of it all, there’s been criticism of what some commentators describe as a potentially risky setup, where depositors are essentially relying on faith in an undisclosed group of “engineers” – as opposed to more robust security measures – to safeguard their cryptocurrency ahead of Blast’s real launch. For now, user deposits into Blast’s crypto wallet can’t be withdrawn. And at least initially, the juicy yields won’t come from any internal workings of Blast, but from routing deposits to other yield-paying projects, primarily the liquid-staking protocol Lido,…

BIS Innovation Hub presents its ‘private CBDC’ project

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The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its “private CBDC” initiative, Project Tourbillon. The prototypes, built in the project’s framework, could allow payment anonymity for central bank digital currency transactions. The 46-page report, published on Nov. 29, explores the notions of privacy, security and scalability on the material of two prototypes based on the designs of one of the pioneers of cryptography, David Chaum. The prototypes were called eCash 1.0 and eCash 2.0. While the former provides “unconditional payer anonymity,” the latter has…

SEC Delays Fail To Stop BTC As Price Clears $38,000

The Securities and Exchange Commission’s (SEC) latest decision wasn’t enough to hold back the foremost cryptocurrency, Bitcoin. The cryptocurrency crossed $38,000 even on the back of the SEC’s move to delay two Spot Bitcoin ETFs.  SEC Delays Templeton And Hashdex Bitcoin Spot ETF On November 28, the SEC delayed its decision on Templeton and Hashdex’s Spot Bitcoin ETF application. As part of the announcement, the Commission also invited comments on what has been its major concern up till now: the issue of fraud and manipulation and whether or not the…

Decentralized Bitcoin mining pool OCEAN raises $6.2m in seed round led by Jack Dorsey

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Crypto mining startup OCEAN raised over $6 million from Jack Dorsey and other backers to enhance decentralization of the Bitcoin ecosystem. Decentralized Bitcoin (BTC) mining pool OCEAN, a subsidiary of Mummolin Inc., has raised $6.2 million in a seed funding round led by Jack Dorsey. According to a press release on Nov. 28, 2023 the round was also led by other investors such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital and the Bitcoin Opportunity Fund. As per Mummolin Co-Founder Luke Dashjr, Ocean represents a new type of pool that…

Digital Asset Platform Coinchange Raises $10M to Scale API Yield Service

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant…