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Crypto Update | Stagnation Amid Fed Decision and Biden Administration's Stance on Crypto

Markets Outlook

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Nigerians Are Turning to the Central Bank Digital Currency (CBDC) Amid Cash Shortages

Nigerians have been turning to the country's central bank digital currency or CBDC amid cash shortages. The number of E-Nyra wallets has jumped more than 12-fold to 13 million since October. In other news, the original and often controversial stablecoin tether paradoxically emerged earlier this month as the best bet for traders looking for safety after Silicon Valley Bank was nationalized.

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