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Nigerian Crypto Firm Bitmama to Pay $1 Million for Startup That Raised $3 Million in February
8.12.2023
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $1 million. Reports of Payday’s acquisition come almost a year after the startup raised $3 million in a funding round. Bitmama’s Pivot From Crypto The Nigerian crypto platform...
Russia’s Exved Launches Cross-Border Payment Service Powered By Tether’s USDT Stablecoin
7.12.2023
Source: Adobe Russian digital settlement exchange Exved has officially debuted with the goal of empowering local legal entities to conduct cross-border digital payment services using Tether’s USDT. Russia's Exved platform launches as one of the first cross-border payment solutions...
Squid to power cross-chain functionality across Decentraland
7.12.2023
Squid has announced that it is now powering the cross-chain functionality on Decentraland. It helps users acquire an NFT in the ecosystem from any token they prefer from any chain they want. Needless to say, non-fungible tokens should be listed in Decentraland, and users must have linked their...
More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms
1.12.2023
Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more...
How DeFi Can Bridge the Forex Gap in Africa, According to Banking CEO
30.11.2023
Source: AdobeStock / Confidence Neobank Canza Finance‘s decentralized finance (DeFi) tech provides decentralized foreign exchange (FX) for African currencies, its CEO and co-founder Pascal Ntsama IV said. Canza website stresses that access to financial services and products is “a...
First-of-its-Kind NFT-Centric Wallet by Magic Eden Set to Transform Digital Collecting – NFTs Making a Comeback
28.11.2023
Source: MagicEden / Twitter Cross-chain non-fungible token (NFT) platform Magic Eden has rolled out its Magic Eden Wallet in Beta, with the desktop browser extension to follow. According to the press release, this is a cross-chain self-custody software wallet created in partnership with crypto...
China Links Digital Yuan to ‘World’s Biggest Commodities Market’
27.11.2023
Source: kitti/Adobe A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform. Per the People’s Daily, the new “cross-border” CBDC drive is the brainchild of the Bank of China and the city of Yiwu. Not to be confused...
Cross Chain Swap Token FLIP More Than Doubles on First Day of Trading
24.11.2023
FLIP, the native token of cross-chain swap platform ChainFlip, surged more than 150% to as high as $5.94 on its first day of trading
Heco Bridge Breach Drains $86 Million — Justin Sun’s HTX-Linked Venture Faces Major Security Setback
22.11.2023
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms....
Africa-Focused Remittances Fintech Zazuu Shut Downs After Failing to Secure Additional Funding
21.11.2023
An Africa-focused remittances firm, Zazuu, has become the latest fintech startup to close shop after it failed to raise extra funding. Zazuu and other African fintechs’ funding problems are said to be linked to the collapse of Silicon Valley Bank in the U.S. Zazuu Shuts Down Just Over a Year...
Cambodia’s Bakong Digital Currency Teams Up with Alipay for Expanded Reach
21.11.2023
Source: Adobe / anekoho In a move to enhance cross-border payments, Cambodia’s Bakong digital currency system, a component of the National Bank of Cambodia (NBC), has entered into a memorandum of understanding (MoU) with Chinese payment provider Alipay, Cambodia’s Phnom Penh Post recently...
Is It Too Late to Buy Synthetix Network? SNX Price Soars 14% as Surprising New Meme Coin Approaches $2 Million – Next Pepe Coin?
20.11.2023
Leading derivatives liquidity protocol Synthetix Network has broken out with SNX price soaring +14% following the announcement of an upcoming Perps V3 launch on Coinbase’s native scaling blockchain BASE. With an exciting partnership connecting promising off-chain oracle Pyth network also...
Concero Collaborates With Bitcoin.com and Integrates VERSE Onto the Platform
20.11.2023
PRESS RELEASE. Concero.io announces a partnership with bitcoin.com ‘s Verse Ecosystem and takes the next step in tackling centralisation within the industry. With synergies of both companies being aligned around self-custody and ease of use, this collaboration will allow users to interact with...
Report: Jump Trading Cuts Ties With Wormhole Amid Staff Reductions
19.11.2023
Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000...
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
18.11.2023
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to...
IMF Chief Says Central Bank Digital Currencies Can Replace Cash — Urges Public Sector to Prepare for CBDC Deployment
18.11.2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related payment platforms,” emphasizing that these platforms “should...
Crypto Platform Strike and Checkout.com Partner to Bring Bitcoin Buying to 65+ Countries
17.11.2023
Source: Pixabay / WorldSpectrum Bitcoin (BTC) wallet and payment platform Strike has partnered with Checkout.com to enable debit-card-based Bitcoin purchases in over 65 countries. Strike leverages Bitcoin’s lightning network to let users make instant and free cross-border fiat currency payments...
Wormhole to Become Separate Entity From Jump Trading
17.11.2023
Source: Pixabay Chicago-based trading firm Jump Trading has decoupled Wormhole, its cross-chain protocol. Bloomberg reported on Friday that Wormhole would be run as an independent entity by senior Wormhole employees. Citing people with knowledge of the matter, Bloomberg said that senior Wormhole...
Asia-based Crypto Exchange XREX Secures In-Principle Approval for Major Payment Institution License in Singapore
17.11.2023
Source: AdobeStock / Richie Chan On November 16, XREX, an Asia-based cryptocurrency exchange specializing in cross-border payments, achieved a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This...
IMF Director Urges Institutions to Look Toward CBDCs, Highlights Cross-border Utility
15.11.2023
Source: AdobeStock / Kristina Blokhin The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has publicly praised the deployment of Central Bank Digital Currencies (CBDCs) by more countries. Speaking at the Singapore FinTech Festival, on the theme “Financial Inclusion...