Tolu Okuwoga

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Dec 03 2021

Billionaire Investor Charlie Munger Calls Crypto Crazy, Wishes It Had Never Been Invented

American billionaire investor, and the vice-chairman of Warren Buffett’s Berkshire Hathaway, Charlie Munger, has once again lashed at the crypto community. Munger is known for his anti-crypto sentiments, and he never hesitates to let his stance known. A few years ago, the billionaire announced his disdain for Bitcoin, referring to it as a “turd,” and a nonproductive asset. Today, at the Sohn Hearts...

Dec 02 2021

Blockchain.com Grows Presence In Latin America With SeSocio Acquisition

One of the world's oldest crypto companies, Blockchain.com, has acquired SeSocio...

Dec 01 2021

Deloitte Predicts That Sports NFT Sales Will Double In 2022

We have seen non-fungible tokens (NFTs) make big moves in the sports industry this year. And multinational professional services network Deloitte has said that sports NFTs are not going anywhere. According to predictions that the consulting giant released on Wednesday, sports-related NFTs will account for more than $2 billion in transactions next year. This amount roughly doubles the 2021 figure. Related...

Nov 28 2021

Tanzania Central Bank Reportedly Prepares To Launch CBDC

Tanzania has reportedly started exploring a Central Bank Digital Currency (CBDC). The country is following the footsteps of Nigeria, which launched its own digital currency last month. Other African countries have similarly announced plans to launch CBDCs. Tanzania Explores CBDC According to a Bloomberg...

Nov 27 2021

Crypto Is Here To Stay, Says Paytm Founder Amid Regulatory Debate In India

The government of India is set to propose a new crypto bill in Parliament. This bill contains some regulations that are unfavorable to India's cryptocurrency economy. In the midst of this, Vijay Shekhar Sharma, the founder of Paytm, has a lot to say. Paytm is an Indian multinational technology company that specializes in digital payment systems, e-commerce, and finance....

Nov 25 2021

South Korea Financial Regulator May Impose Tax On NFTs

Amid the ongoing controversy surrounding virtual asset taxation in the country, South Korea's Financial Authority recently proclaimed non-fungible tokens (NFT) as taxable. On Tuesday, The Financial Services Commission (FSC) of South Korea, announced that it would start taxing NFTs. According to The Korea Herald, from January next year, this tax law amendment would impose a 20% tax on...

Nov 23 2021

Citi Set To Expand Digital Assets Division With 100 New Hires

Multinational bank Citi is on a hiring spree to expand its blockchain and digital assets division. The company first launched its digital assets division in June this year. Now, it plans to grow the division by hiring 100 new people. Related Reading | Why Citi Is “Slowly” Building A Crypto Infrastructure, CEO...

Nov 22 2021

Small Crypto Investors Suffer As Hackers Increasingly Target Phone Numbers

Hackers, for the most part, usually target institutional crypto investors and exchanges. But since the adoption of cryptocurrencies like Bitcoin became more mainstream, these hackers started targeting small individual investors. Related Reading | Hackers Are Now Trying To Steal Crypto Via Malicious NFTs...

Nov 21 2021

FC Barcelona Terminates Two Weeks Old Contract With NFT Marketplace Ownix

The non-fungible token (NFT) market has exploded in recent months. It has seen adoption in many different sectors, including music, food, and sports. Earlier this month, FC Barcelona...

Nov 20 2021

IRS Seized Crypto Worth $3.5 Billion This Year, Predicts Even More In 2022

The United States Internal Revenue Service (IRS) on Thursday published its annual Criminal Investigation (CI) report. During the fiscal year of 2021, the agency reported that it seized $3.5 billion worth of crypto. According to the...

Nov 19 2021

Small U.S. City Installs First Government-Backed Crypto ATM In Airport

Williston, a small city with just over 27,000 residents - as of 2019, is making strides in the $2.5 trillion cryptocurrency world. The city has announced a partnership with crypto services company...

Nov 17 2021

KuCoin Labs Supports Metaverse Projects With $100 Million Fund

Cryptocurrency exchange KuCoin has ventured into the Metaverse. Its investment and research arm KuCoin Labs on Wednesday announced the launch of...

Australia Set To Have A Very Merry Crypto-Giving Christmas, Survey Shows

Australia continues to embrace cryptocurrencies in every sector of its economy. This time, the digital assets have featured in this year's Christmas festivities. According to a recent Crypto.com...

Nov 16 2021

Interest In NFT Grows As Google Searches Reach Record Highs

Although the non-fungible token (NFT) sector is not new, it has seen a massive popularity boost this year. Creators are thrilled about this exciting new way to make money from their work. Everyone wants to know more about it and how to get in on it. NFTs have been integrated into practically every industry. From fast-food franchises like Burger King to social media...

Nov 14 2021

India’s Prime Minister Holds Crypto Meeting, Urges Ban On Misleading Ads

Narendra Modi, the Prime Minister of India, on Saturday chaired a meeting on crypto in India. During the meeting, the officials present agreed that some crypto platforms are misleading the youth of the country. And that there is a need to stop non-transparent advertisements. Indian Lawmakers And Cryptocurrencies The...

Nov 13 2021

Coinbase New Update Allows Users To Share Information About Their Assets With Friends

Coinbase, the largest U.S. cryptocurrency exchange by trading volume, has announced an exciting new update for its users. The exchange's roughly 73 million verified users will now be able to make information about their crypto holdings public. Coinbase Goes Social Senior product manager Rishav Mukherji announced this update in a...

Nov 11 2021

Crypto Exchange Patricia Plans Fundraising After Fleeing Nigeria For Estonia

Patricia, a crypto exchange, revealed its fundraising plans in an interview with Bloomberg. The exchange moved its...

Nov 08 2021

Kazakhstan Senate Approves Legislation To Monitor Crypto Service Providers

The Kazakhstan national parliament has passed a law that subjects crypto service providers to the country’s financial monitoring system. The law aims to protect investors and also prevent crypto-related crimes from happening. According to a...

Nov 07 2021

Brazilian Lawmaker Proposes Integration Of Crypto Payment Option For Workers

As crypto adoption steadily increases, more and more institutions are considering it as a payment option for employees. A member of Brazil’s Chamber of Deputies, Luizão Goulart,...

Nov 06 2021

House Passes $1 Trillion Infrastructure Bill; Implications For U.S. Crypto Community

The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden's desk to be signed into law. If signed, it would introduce new...