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National blockchain 'Nigerium' aims to boost Nigeria's tech security
Jul 12,2024
The Nigerian Government has announced the development of a locally-made blockchain called 'Nigerium', designed to secure national data and enhance cybersecurity. The National Information Technology Development Agency (NITDA) is leading this initiativ...
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Tech giants promote AI-powered PCs
Jul 09,2024
Tech giants like Microsoft and Qualcomm are aggressively promoting a new category of computers dubbed 'AI PCs,' which boast integrated AI capabilities. These machines feature dedicated processors designed to enhance AI functions such as personal assi...
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Crypto thefts surge in 2024
Jul 05,2024
The first half of 2024 saw a significant surge in cryptocurrency thefts, with over$1.38 billion stolen by 24 June, compared to$657 million during the same period in 2023, according to blockchain researchers TRM Labs. The increase in stolen crypto, dr...
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Bitcoin falls to two-month low amid US election uncertainty
Jul 04,2024
Bitcoin experienced a significant drop to a two-month low recently, driven by uncertainty surrounding the US presidential elections and the impact of supply from a defunct Tokyo-based crypto exchange. The cryptocurrency fell over 2% to$57,843, its lo...
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Russia considers cryptocurrencies for international payments amid Western sanctions
Jul 04,2024
Russia's central bank has advised businesses to adopt 'multiple choice solutions,' including cryptocurrencies and other digital assets, to manage payments with foreign partners amidst Western sanctions related to Ukraine conflict. The sanctions have ...
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ICO whale moves Ethereum to Kraken
Jul 02,2024
Despite a significant upswing in Ethereum's price today, an ICO whale has moved a large amount of its holdings to a centralised exchange. Specifically, 7,000 ETH, valued at$24.28 million, were transferred to the Kraken exchange after 209 days of dorm...
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Bahamas pushes banks to adopt its digital currency
Jul 01,2024
The Bahamas, the first country to issue a central bank digital currency (CBDC) with its 'Sand Dollar' in 2020, is now preparing regulations to mandate commercial banks to provide access to the digital currency to boost its adoption. Central Bank Gove...
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Sony Group ventures into cryptocurrency trading with acquisition of Amber Japan
Jul 01,2024
Sony Group has ventured into the cryptocurrency trading platform sector by acquiring Amber Japan. That move signifies a strategic expansion for Sony, a conglomerate with a market value surpassing$100 billion and a diverse portfolio that includes gami...
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India's digital currency usage plummets
Jun 25,2024
According to insider sources, India's digital currency, the e-rupee, has seen a sharp decline in usage, dropping to just one-tenth of its peak usage in December. The Reserve Bank of India (RBI) launched the e-rupee in a pilot program in December 2022...
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EU advances with digital euro project focusing on privacy
Jun 24,2024
The Eurosystem, including the European Central Bank (ECB) and national central banks of the EU area, is advancing the digital euro project aimed to modernize central bank money. Following an initial investigation phase launched in 2021, the ECB's Gov...
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Worldcoin allowed to resume operations in Kenya after year-long probe
Jun 20,2024
Worldcoin, a cryptocurrency startup co-founded by OpenAI's Sam Altman, has been permitted to resume its iris-scanning operations in Kenya after a year-long investigation into privacy and regulatory concerns was concluded. The Kenyan Directorate of Cr...
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Italy set to introduce tough new regulations for cryptocurrency market
Jun 20,2024
Italy is set to strengthen its surveillance of crypto assets with new measures, including hefty fines for market manipulation, according to a draft decree reviewed by Reuters. The decree, expected to be approved by the cabinet, imposes fines ranging ...
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