Weeks after lifting the ban on cryptocurrency trading, the Central Bank of Nigeria (CBN) appears to be going all-in on cryptocurrencies. The apex bank has approved the 2024 launch of cNGN, a stablecoin pegged 1:1 to the Naira. The event comes two years after the breakthrough of eNaira, making Nigeria the first African country to create and launch a central bank digital currency (CBDC). However, cNGN is not just another CBDC as widely assumed. It is a new cryptocurrency from the African Stablecoin Consortium (ASC). The group announced in a statement on January 8 that the cNGN project has…
Author: Crypto Flexs
Read More
The fingerprint (usually along with the full derivation path for that key, which provides complete key provenance information) only helps identify the key. origin of a specific key. However, this does not affect the resulting address. Software wallets are used to identify which signing device should be connected to sign with a specific key. You can also use it to correctly populate various PSBT fields that require primary source information. The signing device can then use the information in the PSBT to identify what the descriptor’s internal key is and what the derivation path is for the private key needed…
Cryptocurrencies have recently been gaining popularity, led by Bitcoin and Ethereum. However, there are many other cryptocurrencies waiting to be discovered, one of them is Cachecoin. What is CashCoin? Cachecoin is a decentralized digital currency that operates without a central authority or bank using peer-to-peer technology. It is designed to be a fast, secure and private way to conduct transactions. Cachecoin aims to revolutionize the way we think about money and how we use it in our daily lives. Key features of CashCoin seclusion: Cachecoin uses advanced encryption to ensure that all transactions are private and anonymous. Dispersion: Cachecoin operates…
steady progress tl;dr Altair Progress Altair, the first upgrade plan of the beacon chain, continues to develop steadily. Last week we released the Beacon Chain specification. v1.1.0-alpha.6 — Primitive Evolution. This is an alpha release, but the spec will not change from now on, barring any security or practical engineering issues. The client team is busy passing consensus test vectors and preparing a short-term testnet. The team will make a timeline decision in the coming weeks as Altair code changes stabilize and initial multi-client interoperability is performed. To learn more about Altair’s Beacon Chain upgrade, check out Vitalik’s latest release.…
Injective has launched its most significant mainnet upgrade to date, ushering in a new era of Web3 finance. With the Volan upgrade, Injective helped create the first existing real-time global asset framework to improve blockchain upgradability, expand interoperability, introduce special burn possibilities and more services. The Volan upgrade includes the best L1 frameworks for developers and institutions. In fact, the current Injective mainnet introduces a unique permissioned entry point for institutions while the Bitcoin Spot ETF is operational. This will pave the way for the launch of unique use cases and real-world adoption of cryptocurrencies. Injective has actually delivered the…
Integrating artificial intelligence (AI) into healthcare has brought about groundbreaking changes, especially in the field of emergency medicine. There is a recent research paper called “Performance of Google Bard and ChatGPT in Mass Casualty Triage”.“ Comparing the performance of AI models ChatGPT and Google Bard in mass casualty incident (MCI) classification provides new insights into the capabilities and limitations of these technologies. Research approach This study, conducted by a team led by Rick Kye Gan and colleagues, used cross-sectional analysis to evaluate the effectiveness of ChatGPT and Google Bard among medical students when applying the START classification method. The Simple…
The Turkish government said cryptocurrency regulation is in the ‘final stages’ of completing technical studies to introduce licensing and operating standards for trading platforms. Turkey’s Finance Minister Mehmet Simsek announced that the country’s cryptocurrency asset regulation is in its final stages. Get off the “grey list” In a recent interview with state news agency Anadolu, Turkey’s Finance Minister confirmed that the regulatory framework for cryptocurrency assets is in the final stages of development. The Minister added that he was assessing the technical aspects of implementation. Turkey’s regulatory framework aims to lower the risks of cryptocurrency trading and is expected to…
join us telegram A channel to stay up to date on breaking news coverage In this article, we highlight Solana’s most popular cryptocurrency coins that could potentially explode with the highest margins. Solana has recently received significant attention from investors. The surging value is driven by the thriving DeFi sector and the widespread popularity of meme coins on the network. As of 2023, the Solana ecosystem ranked in the top four most popular cryptocurrency stories, accounting for 7.2% of total cryptocurrency interest in the category. Solana’s Most Popular Cryptocurrencies However, Solana has shown resilience with notable projects within its ecosystem,…
In a recent interview with CNBC cathy woodArk Invest’s CEO expects Bitcoin’s value to rise significantly by 2030. According to her predictions, Bitcoin could reach around $600,000 in a base case scenario. More optimistically, considering factors such as a potential bull market and likely U.S. Securities and Exchange Commission (SEC) approval, she expanded her own estimate to an ambitious level of $1.5 million. basis for prediction Wood’s prediction is supported by several factors. She cites increasing institutional acceptance and Bitcoin’s limited supply and decentralized nature as key drivers. Bitcoin, often referred to as “digital gold,” is increasingly attractive to investors…
Coinbase has partnered with African stablecoin exchange Yellow Card (a Coinbase portfolio company) to expand access to its products in emerging economies, starting with 20 countries across the continent.Starting in February, this partnership will enable more than half of Africa’s population to access USDC purchases through the Coinbase Wallet app. Additionally, app users can send stablecoins fee-free via email and popular messaging apps such as WhatsApp, iMessage, and Telegram.Yellow Card users can also purchase USDC on Base, an Ethereum layer 2 based on Coinbase that offers cheaper transactions.“Many of these countries have high inflation and are reliant on remittances,” Coinbase…