Global

The Bank of Ghana (BoG) has introduced a set of draft regulations aimed at governing the use of cryptocurrencies in the country. This move reflects the central bank's response to the growing popularity and usage of digital assets in Ghana, signaling its commitment to fostering a regulatory environment that supports financial inclusion and stability.

Cryptocurrencies have fundamentally changed how we perceive money, transactions, and financial autonomy. Among the most innovative breakthroughs in this domain is the concept of atomic swaps. This technology, which facilitates the direct exchange of different cryptocurrencies without intermediaries, is poised to transform the trading landscape.

Shiba Inu (SHIB) has experienced a significant downturn, dropping nearly 40% over the past six months. Despite a 53% gain year-to-date, many SHIB holders are not optimistic about its short-term prospects.

Bybit has been granted a license by Argentina’s Financial Intelligence Unit (FIU), allowing the cryptocurrency exchange to offer its complete range of products in the country.

A significant move in the cryptocurrency market has been reported as a smart money address, known as “ox3c9,” realized over $14 million in profit by selling Wrapped Bitcoin (WBTC).

Dogwifhat (WIF) has experienced a notable decline in price over recent days, nearly undoing the gains made by the meme coin. Mixed investor sentiment and broader market uncertainty are contributing to this downward trend.

PayPal USD (PYUSD) has rapidly ascended in the stablecoin market, achieving the status of the sixth-largest stablecoin within a short span.

In a major development for the payment industry, Circle’s CEO, Jeremy Allaire, has announced that the company is preparing to implement ‘tap-and-go’ payments with USDC on iPhones.

Leading digital currency trading platforms, including Coinbase Global Inc., KuCoin, and Gate IO, are pursuing licensing in Turkey as they face regulatory hurdles in the United States. This move reflects a broader trend of crypto exchanges seeking more favorable regulatory environments to support their operations and growth.

Cosmoverse, the premier Interchain conference, is set to return for its fourth edition in Dubai from October 21 – 27, 2024. As the largest conference of its kind, Cosmoverse provides a vital platform for new projects and innovators to connect with enterprises, institutions, and government representatives.

In the global push to regulate cryptocurrencies, Ghana has emerged as a proactive player by drafting new guidelines for digital assets.

Amidst ongoing market volatility, Solana (SOL) stands out for its relative stability, leading crypto experts to draw comparisons with Ethereum’s past performance. Analysts are optimistic about Solana’s potential to mirror Ethereum's impressive rise, with some forecasting a target of $1,000.