Nigeria witnessing increased CBDC adoption nearly 18 months after launching its national CBDC amid an acute cash crisis. The value of eNaira transactions has increased to 22 billion nairas ($47.7 million). Nigeria is witnessing an increased Central Bank Digital Currency [CBDC] adoption nearly 18 months after launching as national fiat reserves face shortage. The central…
The notion that cryptocurrencies contributed to the banking crisis was rejected by Charles Hoskinson. In the last few weeks, there have been numerous bank failures and regulatory seizures. Charles Hoskinson refuted the idea that cryptocurrency caused the banking crisis, calling digital assets the “escape valve.” Many financial failures and regulatory seizures have occurred in recent…
By Ambar Warrick Investing.com — Most Asian currencies fell on Monday and the dollar rose as markets hunkered down ahead of a Federal Reserve meeting this week, while fears of a banking crisis kept sentiment on edge despite government measures to assuage market concerns. The Chinese yuan fell 0.2% after the People’s Bank unexpectedly cut…