31 January

“At the time of writing, the price of 1 BTC on the Nigerian crypto exchange NairaEX is 17.8 million nairas, equating to a whopping $38,792. This is more than a 60% premium over the current market price of Bitcoin. The recent interest in Bitcoin has also seen Nigeria becoming the leading country for Bitcoin web searches, according to Google Trends.

It comes as the Central Bank of Nigeria has continued to impose limits on ATM cash withdrawals amid an ongoing effort to accelerate its shift to a cashless society. As of Jan. 9, citizens are only allowed to withdraw a maximum of 20,000 nairas (around $43.50) from cash machines per day, with a weekly limit of 100,000 nairas (roughly $217).

The move also came just days before new naira banknotes went into circulation with the aim of curbing inflation and money laundering. The central bank imposed a deadline of Jan. 24 for Nigerians to exchange their old, higher denomination bank notes for the new currency. The central bank has now extended that deadline to Feb. 10.”

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Twitter is designing a system to permit payments through the social-media platform, and although billionaire owner Elon Musk wants it “first and foremost” to be for fiat currencies, he wants the ability to add cryptocurrencies later, the Financial Times reported Monday.

Dogecoin (DOGE) spiked to its 24-hour high after the news broke.”

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“VitaDAO was started in 2021 by Tyler Golato of decentralized biotech protocol Molecule to fund longevity research. According to the organization, it boasts a community of over 9,000 “enthusiasts, researchers and contributors,” and deployed over $3.5 million to projects researching diseases of aging, cellular biology and repairing age-related damage to the body in 2022. Previous investors include Ethereum co-founder Vitalik Buterin.

According to VitaDAO, Pfizer is the first pharmaceutical company to vote on DAO proposals and participate in the incubation and commercialization of VitaDAO projects. Proceeds from the latest round will go toward funding longevity research projects and building out VitaDAO’s first biotech startup, slated to be announced in the first quarter of 2023.

There’s a lot of discussion around ‘is aging a disease?’ A lot of people are of the mindset now that aging and a lot of the diseases of aging … can actually be resolved.”

“The deal between the English soccer league and the NFT-based fantasy sports game allows NFT purchasers to build their own teams and compete in a fantasy version of the competition. The deal will last for four years and is worth a total of 120 million British pounds ($150 million).

Sorare offers a free-to-play competition that allows its 3 million users to compete by collecting soccer players in the form of non-fungible tokens. These NFTs are then submitted into a fantasy team that generate rewards based on real-world performances.

Sorare’s digital cards and innovative online game represent a new way for fans to feel closer to the Premier League whether they are watching in the stadium or from around the world.

The Premier League joins more than 280 global soccer organizations and all 30 Major League Baseball teams on the Paris-based platform. The company raised $680 million in a Series B round with a valuation of $4.3 billion in September.”

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“The New York judge overseeing Bankman-Fried’s criminal trial ruled in favor of four separate petitions by a number of news organizations seeking the names of these individuals, who signed onto the bond earlier this month. The ruling is stayed pending a possible appeal until at least Feb. 7.

A slew of media companies, including the Wall Street Journal, Bloomberg and CoinDesk had filed suit to get the court to release the identities of the two people, saying ‘the public’s interest in this matter cannot be overstated.’ Bankman-Fried’s lawyers had argued the possibility of physical threats to the parties were reasons to keep their identities private.”

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