Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar

A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One......

CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity

The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC......

Spanish Soccer League Laliga Partners With Globant to Support New Web3 and Metaverse Initiatives

Laliga, the premier soccer league organization in Spain, has announced a partnership with Globant, an Argentine software giant, to bring Web3 and metaverse experiences to its fans. The partnership will combine Globant’s tech resources with Laliga’s tech division in order to......

A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF

According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future......

Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange

A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto......

Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against......

Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives

Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse......

California Governor Newsom Vetoes Bill to Regulate Crypto — Calls for ‘More Flexible Approach’

California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate Crypto......

Southeast Asia’s Largest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand

The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the......

Huobi Partners With Astropay to Facilitate Fiat Payments in Latam

Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with Astropay, a payment services platform, to allow customers in Latam to......