Costa Rica may be the next country to establish bitcoin as a regulated currency
Costa Rica could be the next country to adopt bitcoin as a payment method. Congresswoman Johanna Obando passed a bill to allow bitcoin and other cryptocurrencies to work as a form of payment. It also proposes that traditional banking institutions be able to operate as crypto exchanges, including custody and wallet services, for their customers. The bill aims to provide clarity and security to people and companies investing in crypto assets, And to attract more investment in this sector. In a broadcast on local TV, Obando said that the cryptocurrency market is very new and influential. The bill proposes Costa Rica as an investment hub for crypto-related people to lead Costa Rica on the path of development.
Nigerian CBDC is still not widely used a year after its launch.
On 25 October, the first anniversary of the e-naira, the average Nigerian still hasn’t adopted Africa’s first central bank digital currency (CBDC), as critics claim.
In August, Bitcoin.com News reported that between January and June of this year, peer-to-peer bitcoin traded on Paxful alone was approximately $400 million. This figure is more than half of the $760 million recorded throughout 2021. With a view to boosting CBDCs, the central bank is offering a 5% discount to motor and rickshaw drivers and commuters using e-naira. According to CBN deputy governor Kingsley Obiora, the government must support it if it is to be widely adopted.
Legendary rocker Ozzy Osbourne’s Ozzfest festival is coming to the Metaverse
“Ozzfest was founded by Osbourne, his wife Sharon, and their son Jack in 1996. Following Tuesday’s announcement, Ozzy Osbourne is bringing Ozzfest to the Metaverse. The Black Label will host a line-up of over 100 acts, including virtual performances by the society. The event is being touted as “the first metal and rock music festival to enter the metaverse” which will be the first Ozzfest performance since 2018. Anyone can attend the concert, but VIPs to the owners of OG’s Cryptobats NFT collection. The system will be used.
Egypt’s currency falls 15% after Cairo joins key IMF exchange rate position
After the Egyptian authorities announced the adoption of a more flexible exchange rate, the pound exchange rate against the US dollar fell to 23.09:1. Before the pound’s latest slip, the currency was trading at just under 20 units per dollar. Although Egypt’s loan agreement with the IMF doesn’t live up to expectations, analyst Gordon Bowers says it shows a path for the country’s prosperous allies.
Elon Musk fires CEO and CFO as he takes control of Twitter – says he buys Twitter ‘to help humanity
Tesla and SpaceX CEO Elon Musk has officially acquired Twitter and has reportedly sacked CEO Parag Agarwal and CFO. He said in his statement that he bought Twitter for the general public to speak out and voice their opinions on a valid topic that social media would currently be divided into far-right and far-left echo chambers that had become brutal politics. that affects our society. In the final words of his statement, he said, “I will try to make Twitter an advertising platform in the times to come supporting blockchain technology, relevant brands, media, advertising and technology that leads the general public to strength.
