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Core DAO Launches $5 Million ‘Innovation Fund’ to Support Africa-Based Web3 Developers

Introduction Core DAO, the foundation supporting Core Chain protocol, recently announced the launch of a $5 million fund to support blockchain builders and projects in Africa. The fund aims to provide resources and networks to support African Web3 builders, as much of Core DAO's community is based in Africa. More Than Just a Regular Fund […]

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Bitcoin Magazine Partners with Unchained as Official Collaborative Custody and IRA Provider

Bitcoin Magazine is thrilled to announce its new partnership with Unchained, a leading Bitcoin financial services provider, as the Official Collaborative Custody and IRA partner in the United States. This partnership aims to revolutionize the way institutional and enterprise investors interact with Bitcoin and manage their assets. A Better Way to Manage Bitcoin Traditionally, investors

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Bitcoin vs. Real Estate: Which Is The Better Store Of Value In Times Of Conflict?

Introduction We live in a highly digitalized world, but most of humanity still uses physical goods to store value. The most used store of value in the world is real estate. It is estimated that approximately 67% of global wealth is held in property. Recently, however, macroeconomic and geopolitical headwinds have highlighted the weaknesses of

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The Central Bank of Nigeria Removes Caps on Naira Payout Rates

The Central Bank of Nigeria (CBN) has made a significant policy change by removing caps on naira payout rates for international money transfer operators (IMTOs). This move, announced on January 31, is part of the CBN's efforts to further liberalize the foreign exchange market. Policy Adjustment for IMTOs Prior to this policy adjustment, IMTOs were

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Egypt’s Efforts to Stabilize Economy: $1 Billion Treasury Bill Auction

The Central Bank of Egypt (CBE) is taking further steps to stabilize the country's teetering economy by planning a treasury bill (TB) auction worth $1 billion. This move comes just a month after the CBE raised $850 million through a similar auction. The aim of these auctions is to ease pressure on Egypt's foreign exchange

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Vast Bank Shuts Down Cryptocurrency App and Exits Digital Asset Market

Introduction Vast Bank, a financial institution based in Oklahoma, United States, has made the decision to close its cryptocurrency mobile app and exit the digital asset market. This move comes in response to a consent order issued by the Office of the Comptroller of the Currency (OCC). The bank's decision to discontinue its cryptocurrency services

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Bitcoin Emerges as the Preferred Investment Choice, Surpassing Gold, According to Cathie Wood

Introduction ARK Invest's CEO Cathie Wood has observed a notable change in investment preferences, with an increasing number of investors favoring bitcoin over traditional gold investments. This shift has become more pronounced following the introduction of spot bitcoin exchange-traded funds (ETFs), which offer investors a more convenient way to access the cryptocurrency. Investors Shifting from

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Quantum Cats NFT Collection Surges in Value, Dominating Secondary Market Trade Volume

Quantum Cats Floor Values Reach New Heights Taproot Wizards' Quantum Cats non-fungible token (NFT) series has seen a significant increase in trading volume and minimum value on the secondary market since its launch. Initially priced at 0.1 bitcoin per NFT, the lowest value of Quantum Cats now hovers around 0.303 bitcoin or $13,062. Just 48

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