Global #Cryptocurrencies

For years, Beijing-based Bitmain Technologies has held an iron grip on the Bitcoin mining industry, commanding an estimated 90% of the global market for the specialized hardware essential to powering the cryptocurrency’s decentralized network.

The Indian government is gearing up to introduce a comprehensive regulatory framework for cryptocurrencies. A panel led by the Secretary of the Department of Economic Affairs (DEA) is set to release a consultation paper on the matter between September and October 2024.

Nigeria's Securities and Exchange Commission (SEC) is poised to make significant strides in the world of digital assets. According to a recent Bloomberg report, the SEC is set to introduce licensing requirements for virtual asset providers, including cryptocurrencies, with the first licenses expected to be issued as early as this month.

The cryptocurrency market has experienced a notable dip over the past 24 hours, with the total market capitalization falling by 1.95% to $2.10 trillion.

While many users are familiar with hardware and mobile wallets, fewer know about crypto paper wallets. Here, we delve into what crypto paper wallets are, how they function, and their advantages and drawbacks.

In a recent advisory to his followers, financial educator Robert Kiyosaki has once again voiced his strong opposition to traditional banking systems, describing them as “corrupt” and vulnerable during financial crises.

In a significant development for Australian cryptocurrency traders, OKX crypto exchange has announced the introduction of major cryptocurrencies trading pairs against the Australian dollar (AUD).

In a concerted effort to combat online investment fraud, the Australian Securities and Investment Commission (ASIC) has successfully removed 7,300 scam websites over the past year.

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.

Former President Donald Trump has undergone a notable shift in his stance towards cryptocurrencies, evolving from initial skepticism to a more supportive position.

Cryptocurrencies have evolved from a niche interest into a cornerstone of the global financial system. As digital currencies gain momentum, governments worldwide are increasingly recognizing their potential and integrating them into their economies.