Bitcoin and Ether set a new record high this morning with BTC hitting $68,525 and ETH $4,812. This was following a week of many interesting adoption news. Here are our top picks for you;
According to the local news sources, Zimbabwe’s government is considering utilizing Bitcoin as a legal payments option to meet this growing demand and harness the technology. If the plans do go through this will make Zimbabwe the first African Country to bitcoin Legal tender.
Mastercard has launched crypto-linked payments cards that will allow holders to instantly convert their digital assets into fiat. The cards seek to remove barriers between merchants who do not accept digital assets and customers who want to pay in crypto. The partnership is with digital asset providers Amber Group, Bitkub, and CoinJar.
According to a report from a local Russian site Izvestia. Russia’s Ministry of Economic Development, the Ministry of Energy, and the State Duma, says that Crypto mining should be legalized and regulated as an entrepreneurial activity. However, the Russian central bank does not support this initiative, citing the risks associated with crypto, according to the report from Monday. As of August, Russia is the world’s third-largest bitcoin mining country, after the U.S. and Kazakhstan, according to the Center of Alternative Finance at the University of Cambridge.
According to a senior Central Bank of Nigeria official e-Naira recorded nearly 400,000 new wallets in dozens of countries where customers made 12,500 transactions worth 46.3m naira ($113,000) in the CBDC's first week and a half. This was despite customers complaining about a cumbersome sign-up process and skeptics warn that broad mistrust of the government could hurt its adoption.
