Tags : driving


Currency devaluation in Nigeria is driving a crypto boom in

Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December. Observers say this is partly due to the central bank’s recent currency devaluation, which weakened the naira to its lowest ever level against the dollar. The resulting boom in crypto activity lends support to the […]Read More


China’s biggest bank says Bitcoin is driving its efforts in

An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans. “This (the interest in CBDCs) may also be related to the large increase in the price […]Read More