Digital economy

Investment is Valued and Rewarded in Nigeria says NITDA DG Kashifu Inuwa

ABUJA, NG, Feb 4, 2023 - (ACN Newswire) - The Director General, NITDA (National Information Technology Development Agency), Kashifu Inuwa has called on international investors to invest in the Nigerian tech ecosystem because doing so is valued and comes with many rewards. Speaking on the "Evolution of the Nigerian Tech Ecosystem" to the Ludwig von Bayern Startup Lions, Inuwa said there are four comparative advantages you won't find anywhere but in Nigeria. Firstly, Inuwa suggested that Nigeria's large population and its emerging economic status positioned as a suitable investment destination

Experts Discuss Funding Blockchain Projects

WASHINGTON, DC, July 18, 2022 – The Government Blockchain Association (GBA) will host a panel on Funding Blockchain Projects during their Blockchain & Infrastructure conference on September 29-30 at the National Press Club in Washington, DC. “The US government wants to boost spending on blockchain technology by 1000% in 2022, and the blockchain technology market is anticipated to generate $20 billion in earnings by 2024.” said Gerard Dache, Executive Director for the Government Blockchain Association. “The members of this panel are experts in funding blockchain projects. They are recognized thought

El Salvador Talks Crypto with Policy Makers in Washington

by Gerard Dache | Apr 27, 2022 | Conference, Crypto Asset Compliance, Digital Economy Working Groups, Economic Analysis, Finance Regulations & Banking, Governance, Legal, Reg, Compliance Working Groups, Mining & Cryptocurrency On May 26, 2022, Ambassador Milena Mayorga of El Salvador will address a gathering of 600 innovators, public-sector administrators, legislators, and executives in Washington, DC. She will be sharing the experiences of El Salvador regarding the adoption of Bitcoin as legal tender. Her country leads the world in the national adoption of cryptocurrency. That evening Ambassador Mayorga will be

Livepeer Price Hits New ATH Amid Mist Acquisition and Upcoming Hackathon

Livepeer price is up over 54% today making it the biggest gainer on Crypto.com, followed by Loopring (+32.63%) and Basic Attention Token (+31.93%). With the recent price hike, the crypto also set a new all time high of $61. Let’s take a closer look at Livepeer and its LPT token and see what all the hype is about.What Is Livepeer? Launched in 2017, Livepeer is the first decentralized live video streaming network that allows users to transcode video using their GPUs in exchange for ETH and LPT rewards. LPT is

Livepeer Price Hits New ATH Amid Mist Acquisition and Upcoming Hackathon

Livepeer price is up over 54% today making it the biggest gainer on Crypto.com, followed by Loopring (+32.63%) and Basic Attention Token (+31.93%). With the recent price hike, the crypto also set a new all time high of $61. Let’s take a closer look at Livepeer and its LPT token and see what all the hype is about. What Is Livepeer? Launched in 2017, Livepeer is the first decentralized live video streaming network that allows users to transcode video using their GPUs in exchange for ETH and LPT rewards. LPT

Facebook Announces a $50M Fund to Research the Development of a Metaverse

The social media giant announced earlier this week its plans to create its own metaverse with the help of multiple parties. To do so, Facebook will allocate $50 million for research and program partners. Facebook’s Swing at Metaverse The company’s announcement reads that Facebook will not rely on a single company to build the project “overnight.” Instead, it will focus on cooperating with different parties, including policymakers, experts, and industry partners, to “bring this to life.” The $50 million funding will go primarily for global research and connecting with program

Panama’s crypto-bill will make it ‘compatible’ with crypto-assets, digital economy

As El Salvador became the first country to make Bitcoin legal tender, another Central American country took a step towards recognizing the importance of cryptocurrencies. The Republic of Panama, recently introduced its cryptocurrency bill. Panamanian Congressman Gabriel Silva, in a tweet thread, announced the same. According to him, the bill aimed to make Panama a “country compatible with the digital economy, blockchain, crypto assets, and the internet.” Moreover, use cryptocurrencies remained optional for individual citizens as well as businesses as per the said bill, which did not compel anyone to

Visa invests $150,000 in NFT CryptoPunk Asset

Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017.In a blog post announcement released on Monday, Cuy Sheffield, head of crypto at Visa and self-proclaimed NFT enthusiast, shared his views on the value of purchasing NFT assets in the digital economy, the vast growth of the market in the past few years, as well as Visa’s commercial incentives in this

As Malta Delays Regulatory Clarity, Fewer Firms Remain on ‘Blockchain Island’

It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by the local government, but the relevant framework has not yet proven to be effective. Meanwhile, the official rhetoric apparently started to shift away from the blockchain sector, as the government now aims to consolidate it with “other niche sectors.”Meanwhile, the Malta Financial Services Authority, continues to pluck out non-registered crypto agents — be