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Nigerian government approves national blockchain policy, CEX trading volumes fall for first time in 3 months, INX works with BitGo to launch pilot portfolio management solution for resale businesses.
Last Updated: January 4, 2024 10:56 AM EST | 3 minutes of reading
Get your daily digest of cryptoasset and blockchain news, investigating the stories that are flying under the radar in today’s crypto news.
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Blockchain news
- Nigeriathe federal government approved a national project blockchain politics Wednesday. According to According to a statement, “the vision of the policy is to create a blockchain-powered economy that supports secure transactions, data sharing and value exchange between people, businesses and government, thereby improving the innovation, confidence, growth and prosperity for all. » A multi-sector steering committee will oversee the implementation of the policy, and the government has asked relevant regulators to develop regulatory instruments for the deployment of blockchain in various sectors of the economy, it says.
Exchange news
- Centralized Exchanges’ transaction volumes fell this month for first time in three months, blockchain data provider says Kaiko. “Trading volumes on CEXs declined in April after increasing for three consecutive months and exceeding pre-FTX levels in March. Overall, however, the crypto market remains significantly larger than it was before the 2020 bull run,” it says. said.
- Bitget announced the launch of a corporate social responsibility (CSR) project, Blockchain4Youth, and it plans to invest $10 million in this initiative over the next 5 years. The project “aims to create a blockchain future by empowering and inspiring younger generations to use Web3 and cryptographic tools for creating and engaging in a decentralized space. The initial phase includes blockchain courses, certifications via Bitget Academy, and on-campus conferences in partnership with universities around the world. The announcement said Bitget would introduce exchanges in the coming months.
Portfolio News
- THE INOTX Digital businessthe holding company of INX Groupannounced the launch of a company-level pilot project wallet management solution for regulated security tokens through collaboration with long-time partner, crypto custody service provider BitGo. Institutional investors such as family offices and venture capital funds now benefit from the “highest standards in portfolio management” with BitGo’s policy management solution enabling policy setting with spenders, viewers, approvers and administrators, according to the press release. said.
Scam News
- A Hong Kong lost 590,000 USDT after being lured into investing in cryptocurrency, South China Morning Post reported. According to a police source, the victim was a 66-year-old businesswoman who was scammed after answering a call. WhatsApp message from a fake crypto “expert” in December. She was told that the so-called expert needed these details to pay her the profit she had made. But the hyperlink took her to an online platform controlled by scammers, who collected her confidential data.
Payments News
- Crypto exchange CryptoOrange in partnership with the payment platform Pay securely offering its customers new ways to buy and sell cryptocurrencies internationally. By According to the press release, Paysafe has also partnered with the exchange to support its geographical expansion, particularly in the Latin America region where it recently acquired two local payments companies offering an extensive payments network in Brazil, Peru, Mexico, Ecuador, Chile and Colombia.
Investment News
- Pioneer of Fintech GTN in partnership with Mongolian fintech Denode providing retail investors in Mongolia with “a comprehensive range of tokenized assets from various regions, enabling access to the global market” said the press release. Denode is a blockchain-based digital trading platform operating in a regulated financial environment, and this collaboration will enable it to enhance its services and meet the dynamic needs of local and global investors, he added.
Challenge News
- Decentralized exchange Fi curvenotance developers rolled out smart contracts for decentralized stable coin crvUSD, deploying the coin on the Ethereum main network. “As many thought, the deployment of crvUSD smart contracts has happened! This is not yet finalized as the UI also needs to be deployed. Stay tuned,” they declared, add that “after a peer review of the deployments, it was found that the current version of crvUSD requires a redeployment which will follow shortly today. [veCRV wouldn’t get fees with this one, due to a mistake in deployment script].”