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    Zimbabwe Injects $50 Million to Bolster Devalued Currency

    Zimbabwe Injects $50 Million to Bolster Devalued Currency

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    The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the...
    Nigeria Introduces System to Boost Forex Market Transparency

    Nigeria Introduces System to Boost Forex Market Transparency

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    The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary...
    DC Circuit Court Rules Kalshi’s US Election Bets Legal

    DC Circuit Court Rules Kalshi’s US Election Bets Legal

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    This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s...
    Sky Reports Over 1 Billion USDS Minted Since August Rebrand

    Sky Reports Over 1 Billion USDS Minted Since August Rebrand

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    It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been...
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