Author: Godfrey Benjamin

The Director-General of the Nigerian Securities and Exchange Commission (SEC), Lamido Yuguda has affirmed that the agency’s proposed guidelines to regulate the cryptospace remain suspended. As reported by major Nigerian media outfit, the Guardian, Yuguda attributed the suspension to the recent move by the country’s apex monetary authority, the Central Bank of Nigeria (CBN) in banning all banking activities involving cryptocurrency exchanges in the country.

The current global growth rate that is being seen in the cryptocurrency industry may attract a new round of “Dramatic” regulations according to Sheila Warren, head of data, blockchain, and digital assets with the World Economic Forum. Speaking in an online Bloomberg seminar on Thursday, Warren asserted that regulators will not likely sit back as the cryptospace journeys unto the mainstream adoption era.

AXA, Switzerland’s largest insurer and Europe’s second-largest has incorporated Bitcoin (BTC) as one of the payment options for its products. The move as contained in the firm’s update has been identified as an investment into the company’s digital future and is in response to the growing demand from a wide variety of its customers. 

Dogecoin (DOGE), a Shiba Inu-themed coin created in 2013 by Billy Markus has been on the run all week and currently ranks as the world’s 6th largest cryptocurrency by market cap after setting a new all-time high (ATH) of $0.4341 at the time of writing. According to data provided by CoinMarketCap, Dogecoin has surged by over 201% in the past 24 hours, atop a 532% growth in the trailing seven-day period.

Coinbase goes public on the Nasdaq Global Select Market today, marking the dawn of a new era for the cryptocurrency ecosystem. Market analysts and industry experts have maintained that through Coinbase, the cryptocurrency industry will attain a more mainstream exposure.

The European Central Bank (ECB) has published the result of its public consultation with respect to the development and issuance of a digital Euro. According to the official announcement, the public consultation will help provide valuable input when the ECB meets in mid-2021 to decide on the next course for the Digital Euro program as confirmed by Christine Lagarde, the Bank’s president.

The European Investment Bank (EIB) is looking to harness the potentials of blockchain technology for Euro bond issuance. As reported by Bloomberg, the investment bank, owned by the European Union member states has hired top multinational financial institutions to explore the deal. The partnering institutions include Goldman Sachs & Co, Banco Santander SA, and Societe Generale AG.

The global cryptocurrency market is on a reignited run as numerous cryptocurrencies are printing a new All-Time High (ATH) price record. The market rally is remarkably being fueled by the massive bullish trajectory of the three largest digital currencies including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The joint influence of these virtual currencies has pushed the global crypto market cap to a new high of $2.16 trillion atop a 3.66% growth in the past 24 hours.

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization has attained a new All-Time High (ATH) of $2,199.72 today according to CoinMarketCap, soaring against all negative tides as the broader market continues on a more pervasive bull run. At the time of writing, however, the coin is exchanging hands at $2,163.14, up 0.93% in the past 24 hours.

Mike Novogratz’s owned Galaxy Digital, a publicly listed cryptocurrency, and blockchain investment, and financial services company have filed for a Bitcoin Exchange Traded Fund in the United States. The ETF product dubbed the ‘Galaxy Bitcoin ETF’ will be issuing common shares of beneficial interest that trade on the New York Stock Exchange (NYSE) Arca.