Month: August 2021

Nigeria partners Barbados-based Bitt on the ‘eNaira’ project

The Nigerian digital currency will officially launch on 1 October 2021 Nigeria’s digital currency project is set to benefit from collaboration with Bitt, the country’s Central Bank announced on Monday. According to the press release, the Barbados-based Bitt will provide technical assistance as the Central Bank of Nigeria (CBN) moves to finalise the launch of …

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Monthly Report: Bitcoin Miners cut off from hydroelectric power in China’s Yingjiang County

Here are the top news from the cryptocurrency industry from this month Hydroelectric plants asked to dismantle power supply to Bitcoin miners in China The Office of the People’s Government of Yingjiang County in China issued instructions to hydroelectric power supply plants in the region to cut off electricity for Bitcoin mining operations earlier this …

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Cuba to recognise and regulate cryptocurrencies for payments

The authorities want to see cryptocurrencies used in legal ways, with providers licensed and monitored The Cuban government is set to officially recognise Bitcoin and other cryptocurrencies, with the Island nation looking to regulate the assets for use in the payments sector, according to a report published by Bloomberg this morning. Citing the Official Gazette, …

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