‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange

Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused of defying the directive has succeeded in suffocating demand for cryptocurrencies. Bank of Japan to Launch Digital Yen Pilot Program Next Year

The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions, and experimenting with its functionality in environments

The Block: Layer by Layer: Tron Takes Advantage of FTX Fiasco

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The Tron network recently garnered attention from Tron’s unexpected, last-minute deal with FTX to facilitate limited withdrawals in the final days of the exchange Tron’s algorithmic stablecoin USDD has seen heightened volatility amidst market fears of instability at widely trusted crypto institutions At the same time, Tron’s role in the stablecoin ecosystem continues to grow as it becomes the largest source of USDT supply 

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