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Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure

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After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes Robust Ecosystems However, in the same document , the central bank appears to downplay the implications of failing to launch as planned. Instead, the CBN attempts to highlight the importance of getting things right the first time and how this guarantees the digital currency’s success in the long term. The document explains the CBN’s position: While the launch of the e-naira is an important event, it is one milestone on a long journey. The e-naira is a process, not a single step. Over time, the CBN believes the robust ecosystems that will be built on the e-naira platform will ensure Nigeria and Nigerians receive all the benefits from the e-naira. E-Naira Roadmap Instead of pu

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

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The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments in Crypto Addressing members of the National Assembly this week, Pakistan’s Minister of State for Parliamentary Affairs, Ali Muhammad Khan, recognized cryptocurrency as a new concept. He then noted that the government did not have any objection if the Pakistani youth would take the opportunity to invest through this new technology. Khan made the comments on Wednesday in response to a calling attention notice in the lower house of parliament regarding the absence of a regulatory framework for cryptocurrencies in the country, the Daily Times reported. The minister explained that the government did not oppose their reg

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equivalent to $1 Million’

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The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about bitcoin on numerous occasions and even more so these days as the crypto asset crossed its all-time price high. After the Proshares exchange-traded fund (ETF) launched on the New York Stock Exchange (NYSE), Pool asked his 897,700 Twitter followers if they thought bitcoin would hit $200K. Tim Pool ‘Feels Bad’ for People Dismissing Bitcoin Tim Pool is a well known person on various social media channels due to the work he’s done as a journalist, show host, and commentator. When it comes to living in these modern times, Pool always has something to say in order to spark meaningful debate. Pool is a former member of Vice Media and in 2014 he also participated in Fusion TV. The activist is also well known for his live-streamed recordings of the 2011 Occupy Wall Street protests in 2011. These days, Pool hosts a Youtube show and podcast called “ Timcast IRL ” and he discusses things like

Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

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On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above $25 and dropped to just over the $24 mark. Initial Market Performance of Valkyrie’s Bitcoin ETF Lackluster Compared to the First Bitcoin ETF Debut Valkyrie’s bitcoin futures ETF officially launched on Friday and reached a high of $25.60 per unit at around 9:00 a.m. (EDT). The senior ETF analyst for Bloomberg Intelligence, Eric Balchunas , tweeted about Valkyrie’s ETF after the first few minutes of trading. “BTF up and running with a healthy $10m traded in [the] first [five minutes], BITO is at $30m. You have to be happy with that spread if you are BTF, [it] will be tough to keep up [though],” Balchunas said . The stock subsequently fell in value as it followed the s

Bybit Is Now Offering 3% Bonuses on Deposits

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Traders who have yet to join cryptocurrency exchange, Bybit can now enjoy 3% bonuses on their first time deposits, capped at $3,000 per user. In addition, traders with combined trading volumes in both Spot and Derivatives of at least $100,000 will be automatically included in an exclusive lucky draw featuring a grand prize of 0.1 BTC . To be eligible to receive the bonuses, traders must first register for Bybit’s Deposit Blast-Off event here before Nov. 18, 2021, 10AM UTC. Once registered, traders must make a minimum deposit of $500 worth of eligible assets within seven (7) days for their deposits to be considered in the calculation of their rewards. Any deposits made after this timeframe will not be considered in the calculation of their reward. Among the eligible assets include BTC , ETH , BIT, USDT , XRP , DOGE, DOT, EOS , LTC , XLM , AAVE, AXS, CHZ, COMP, DYDX, LINK, MANA, MKR , SUSHI, UNI and YFI. To qualify for the lucky draw, traders will need to hit the minimum trading v

Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano’s Rank

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The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million. Solana Takes the 6th Spot, Market Valuation Nears Cardano’s Market Cap On Friday, the crypto asset solana (SOL) has managed to take the sixth position in terms of the world’s largest crypto market valuations. At the time of writing SOL is swapping for over $203 per unit and is up 12.4% over the last day. Seven-day statistics indicate that solana has gained 37.5% this past week and during the last 30 days, SOL is up 68.2%. After the digital currency captured the sixth largest crypto position, a great number of people discussed the crypto asset on social media. At 1:30 p.m. (EDT), the hashtag #solana had around 97,900 tweets with the hashtag present in the tweet.

Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers

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On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during the event. Robinhood Crypto Wallet Waitlist Hits a Million Sign-ups Vlad Tenev, the founder of Robinhood Markets, told the public on Thursday that the waitlist for Robinhood’s crypto wallet has reached 1 million customers. Speaking at CNBC’s Disruptor 50 Summit Tenev explained how popular cryptocurrencies are on the financial services application. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said at the event. The CEO added: “We rolled out our wallet’s waitlist. A lot of people have been asking for the ability to send and receive cryptocurrencies, transfer them to hardware wall

Walmart Allows Customers to Buy Bitcoin at 200 Stores

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Retail giant Walmart says that bitcoin can now be purchased at 200 of its stores in the U.S. The cryptocurrency is offered through Coinstar kiosks located inside Walmart stores. Coinstar is currently offering bitcoin at more than 8,000 kiosks. Buying Bitcoin at Walmart Bitcoin can now be purchased at 200 Walmart stores in the U.S., the company reportedly said Thursday. This is part of a pilot program with Coinstar, which operates machines that allow customers to exchange U.S. coins for paper bills or gift cards. The pilot began earlier this month, according to Walmart spokesperson Molly Blakeman. To buy bitcoin at participating Walmart stores, customers need to visit a Coinstar kiosk located within Walmart. They must have an account with cryptocurrency exchange Coinme and each purchase carries a transaction fee of 4% and a cash exchange fee of 7%. Purchasers will receive a voucher that can be redeemed for BTC instantly at Coinme. Coinstar noted, “You can only use paper money to bu

Billionaire VC Peter Thiel Discusses Satoshi’s Identity — Says Bitcoin Is the ‘Most Honest Market We Have’

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According to reports, tech billionaire Peter Thiel — the co-founder of Paypal and Palantir — spoke about bitcoin at an event hosted in Miami. At the time, bitcoin had just surpassed its all-time price high and Thiel said “you’re supposed to just buy bitcoin” and added, “I feel like I’ve been underinvested in it.” Peter Thiel Postulates Meeting Satoshi Nakamoto on a Beach in Anguilla The tech investor Peter Thiel is a fan of bitcoin ( BTC ) and has explained this on a few occasions in the past. In mid-May, Palantir Technologies, the American big data software firm, revealed that the company would accept bitcoin for services and was also considering keeping the crypto asset on its balance sheet. Bloomberg reported that the billionaire venture capitalist said bitcoin is an “already known” secret, speaking at a conference in Miami. In addition to this statement, Thiel reportedly said that he felt “underinvested” in bitcoin. Furthermore, Thiel also discussed an early encounter with

Night Life Crypto Integrates With Polygon and Launches NFT Sale

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PRESS RELEASE. Night Life Crypto (NLIFE), the first platform to bring AAA style titles to blockchain games, is proud to announce an integration with the largest protocol connecting Ethereum-compatible blockchain networks, Polygon. Night Life Crypto will utilize Polygon’s chain to launch it’s very first series of integration NFTs, as well as use their chain for all in-game NFT rewards for their upcoming flagship game Night Life Drifting, on October 22nd, 2021. Night Life Drifting is an action/arcade game where users race other players through a neo-Tokyo city, drifting through the streets to win performance NFTs, $NLIFE tokens and visual modification NFTs to upgrade their in-game vehicles. Further details about Night Life Drifting can be found on both the NLIFE Website and the Night Life Drifting Website . For this integration, Night Life Crypto is unveiling a never-before-seen Polygon branded car, the Matic GT. This car is purchasable as an NFT, which players will be able to driv