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The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, crypto currency is a revolutionary technology that embodies a future his country desires to achieve. Achieving an Inclusive Digital Economy The Zambian central bank and the country’s Securities and Exchange Commission are in the process of “testing” technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said. In his remarks published on the ministry’s website, Mutati argued that Zambia needs to regulate this “revolutionary technology” because it encapsulates “the future the country desires to achieve.” Mutati also revealed that the testing of the regulatory technology will soon be upscaled as part of measures to help Zambia attain an “inclusive digital economy.” In addition, the minister...

The Shiba Inu burn initiative was first revealed in July 2021. It was when the Shiba Inu development team announced that they would be burning a significant portion of their SHIB tokens. The Shiba Inu burn was designed to reduce the overall supply of SHIB tokens in circulation, increasing the value of each remaining token. However, the burn rate has been fluctuating, with certain days posting good numbers and others posting plummeting rates. Also read: Baby Doge Coin vs. Floki Inu? Who Put Out the Best Performance in 2023? The burn rate that shot up by 430% yesterday has slumped. According to the details from Shibburn, the burn rate has dropped by -91.74% in the last 24 hours. During this period, only 1.9 million SHIB were sent to dead wallets. Source: Shibburn Shiba Inu price drops following the drop in burn rate According to CoinMarketCap data, the price of SHIB has dropped over the last 24 hours and is trading at $0.00001309 at press time. The whole m...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin’s price rallied over 7% in the last 24 hours, briefly trading above $25,000 and touching a six-month high of $25,262 before settling back down near the $24,000 mark. This was the first time the digital currency has reached this level since August 2022. Will Bitcoin’s price continue the upward trend or is the rally over for now? $25,000 #Bitcoin pic.twitter.com/mpCCe88gTh — Bitcoin Magazine (@BitcoinMagazine) February 16, 2023 The rally, which seems to have stalled for now, came after Bitcoin’s price plunged by 40% amid the crypto market FTX contagion that drove investors away from the market. Bitcoin and other digital assets then rebounded from oversold positions in January, adding to the rising confidence in Bitcoin and the broader cryptocurrency market. The Bitcoin price been trading below $22,000 just a few days ago after a regulatory crackdown on stablecoins. Investor ...

Join Our Telegram channel to stay up to date on breaking news coverage TORN price maintained its bullish rating on Thursday even after news broke out that the developer of Tornado Cash blockchain who was arrested in August would remain in custody until April. The token of the crypto mixer network is up 60% over the past seven days, rising as much as 114% during the week to reach $14.88, levels last seen in August when the news of the arrest broke out. Tornado Cash Developer Alexey Pertsev To Remain In Custody  A court in the Netherlands has ruled that Tornado Cash developer Alexey Pertsev will remain in jail until his next hearing scheduled for 2 1 April.  Tornado Cash developer Alexey Pertsev to remain detained until April hearing https://t.co/vvYMnYTueA — The Block (@TheBlock__) February 15, 2023 The developer will remain behind bars following his arrest by Dutch authorities in August after the United States authorities sanctioned the Tornado Cash servic...

One community member interpreted the IMF’s move as a way to “scare other countries away” from adopting Bitcoin as a legal tender. After a visit to El Salvador, the International Monetary Fund (IMF) suggested the country reconsider its plans to increase exposure to Bitcoin (BTC). The community responded to the IMF’s suggestion with various messages calling out the organization. From dismissing the IMF’s suggestion as a simple case of spreading fear, uncertainty and doubt, or “FUD,” to interpreting it as a strong bullish signal for BTC, various crypto community members went to social media to express their sentiments on the IMF’s efforts to discourage El Salvador’s plans for Bitcoin. In a tweet, one community member argued that IMF’s move is a way to “scare other countries away” from the example that El Salvador has set. The Twitter user also urged others to adopt BTC and help close central banks. They tweeted: what IMF meant was that #ElSalvador's #Bitcoin benefits materialized and...

Join Our Telegram channel to stay up to date on breaking news coverage Siemens, an industry giant in the German market, has issued the country’s first digital bond in accordance with the country’s Electronic Securities Act. What: Siemens has issued Germany’s first digital bond on the blockchain, qualifying the company as the first issuer of the product in Germany while solidifying its position as a pioneer in the ongoing digital transformation of capital and securities markets Why: The move has eliminated reliance on paper-based global certificates and central clearing procedures What next: The digital bond will be sold directly to investors without engaging established central securities depositories German industry mogul Siemens has announced its first digital bond in accordance with the country’s Electronic Securities Act (Gesetz Gesetz über elektronische Wertpapiere, eWpG), noting that it has a maturity of one year and is bolstered by a p...

The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good. In January, ApeCoin (APE) had an underwhelming performance compared to metaverse-based tokens like Decentraland (MANA) and The Sandbox (SAND). APE token gained 61% compared to the 90% and 150% respective gains seen in SAND and MANA. The subdued gains can be attributed to the hefty APE staking rewards that is likely creating some selling pressure. An upcoming unlock of around 9% of APE’s circulating supply in March 2023, along with not-so-impressive fundamentals, will add further headwinds for the token. The gains in APE will depend on the success of the blockchain gaming projects in the ApeCoin ecosystem and new partnerships between Yuga Labs and big brands. Traders take advantage of oversized APE staking rewards ApeCoin DAO launched its APE staking mechanism in December 2022. The APE staking pool yielded 90% annual returns in the first...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Is in a Range as It Consolidates Above $21.7K for a Potential Gain – February 12, 2023 For the past 48 hours, the BTC price has been constant above the $21,700 support for a potential gain. Doji is the name given to little, unresolved candlestick shapes. These candlesticks show a lack of consensus amongst buyers and sellers over the market’s direction. At this time, Bitcoin is pinned between the moving average lines. Bitcoin Price Statistics Data: •Bitcoin price now – $21,863.50 •Bitcoin market cap – $421,597,168,377 •Bitcoin circulating supply – 19,289,287 BTC •Bitcoin total supply – $458,990,029,929 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 The largest cryptocurrency is trading moderately as the selling pressure reaches bearish exhaustion. Bitco...

The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following opinion editorial was written by Bitcoin.com’s Business Development Manager Ben Friedman. Balancing Regulation and Innovation in the Crypto World: Staking at the Crossroads Staking, the act of retaining a specific amount of a particular cryptocurrency in a wallet and taking part in the validation of transactions on the network, is one of the most discussed topics in the digital asset world today. And for good reason. Staking has been promoted as the answer to several challenges facing the cryptocurrency ecosystem, including scalability, decentralization, and security. But just as staking was beginning to gain momentum, the threat of overregulation rears its ugly head. The SEC...

The Cointelegraph Historical collection reaches a new milestone in its development, with minted versions of articles becoming more scarce. Cointelegraph has announced a major change to its Historical digital collectibles project. Starting Feb. 13, the price of Cointelegraph articles minted as nonfungible tokens (NFTs) will increase from $20 to $100 and the maximum number of copies will decrease from 10 to three. The Historical collection is an archival project that allows readers to mint unique, one-of-a-kind NFTs of Cointelegraph articles, preserving them as historical records of the blockchain industry. Readers can mint stories they think will become valuable by clicking the “Collect” button in the article. CHECK OUT THE COINTELEGRAPH HISTORICAL COLLECTION The move is aimed at articulating the value of Cointelegraph’s articles and ensuring their scarcity. Each article represents a Historical record of the blockchain industry, documenting the most important events, trends and figures...

The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact with a still-to-be-determined tokenized asset. Central Bank of Brazil to Launch Digital Real Test Operation Later This Year The Central Bank of Brazil is accelerating the digital real project, getting close to its pilot test phase. The institution announced that it would be conducting a series of operative tests to check the functionality of the proposed architecture for the system. Fabio Araujo, the coordinator of the digital real project at the Central Bank of Brazil, explained that security and privacy would be two of the most important areas to be examined with these tests. Araujo told Broadcast: We are going to simplify the operation, but we are going to have several participa...

Ethereum’s ( ETH ) staking ratio is currently at 14%. However, JPMorgan believes Ethereum’s upcoming Shanghai upgrade will increase the network’s staking ratio in the middle term. The financial giant said that ETH ’s ratio has plenty of space to rise. This is because the average for other proof-of-stake (PoS) networks is nearly four times as high. As per the data, the validator count might rise from 0.5 million to 2.2 million. Moreover, the return would drop from the present 7.4% to about 5% if the staking ratio eventually heads to the 60% average of other significant PoS networks. Furthermore, the JPMorgan analysis states that future staking will move to liquid staking protocols, such as Lido on the Ethereum blockchain. The research emphasized how these protocols enable staked assets to have liquidity. These assets would otherwise be locked in staking contracts. Such protocols do this by “providing an equal amount of derivative token in exchange for st...

Twitter has officially launched 4,000-character, long-form tweets for use of Twitter Blue subscribers only. Announced in a Tweet that showcases the new character limit, Twitter stated the new feature for subscribers is available starting today. The 280-character limit imposed by Twitter has long been a sticking point with some users who long for a greater opportunity to share their thoughts. Now, the Twitter Blue subscription service has delivered the feature as part of its growing Features list. need more than 280 characters to express yourself? we know that lots of you do… and while we love a good thread, sometimes you just want to Tweet everything all at once. we get that. so we're introducing longer Tweets! you're gonna want to check this out. tap this 👉… https://t.co/lge9udRzLE — Twitter Blue (@TwitterBlue) February 8, 2023 Twitter Blue Adds Long-Awaited Feature Since Elon Musk’s $44 billion acquisition of the Twitter platform, ge...

After the collapse of FTX, centralized exchanges started publishing their Proof of Reserve re por ts to recover the trust of the community. Prominent accounting firm, Mazars was overseeing the PoR Audit s for major cryptocurrency exchanges including Binance, Crypto.com, and KuCoin. In mid-December, however, the firm abruptly decided to temporarily cut ties with its crypto clients. At that time, a Binance spokesperson affirmed that the exchange intended to provide additional transparency and was looking into the best way to reveal details in the coming months. Before the ties were suspended, Binance did release a report based on a snapshot review by Mazars. However, that did not account for a full financial audit and was eventually taken down. However, Leon Foong, Binance’s Asia-Pacific Head recently told Bloomberg in an interview that the exchange is seeking to release an expanded PoR statement. As far as an exhaustive audit of its books is concerned, it...