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Nigerian Fintech Startup Vella Finance Drops Crypto-Related Services


The Nigerian fintech Vella Finance recently informed users and subscribers that it would stop offering crypto related services starting on Oct. 30. According to co-founder Tolu Adedayo, offering crypto and banking services at the same time is not feasible, hence the decision to drop the former....

Telegram-Based Crypto Trading Bot Unibot Hacked, Token Crashes 40%


Telegram-based crypto trading bot Unibot is suspected of being hacked as users of the trading bot try to move their funds off the platform. The Unibot platform facilitates users in connecting their wallets to the decentralized exchange Uniswap, allowing them to trade tokens using Telegram-based...

UK Government Rolls Out Final Proposals for Stablecoin Regulation


The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users. In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating...

Kraken to Release User Data to IRS in Compliance with June Court Mandate


Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...

Doge Uprising Storms Onto The Meme Coin Scene: Is This The Next Dogecoin?


Doge Uprising ($DUP) is a presale coin with a vibrant universe and immersive ecosystem for users to enjoy. 2023 has been the year of meme coins, with Pepe Coin soaring into the top 100 and many new tokens raising millions of dollars within their first few months of presale. Doge Uprising...

Cardano update 2023: Key insights for investors and users


Cardano, a prominent blockchain platform, has garnered significant attention due to its resilience, extensive capabilities, and strong academic foundation. As a decentralized third-generation proof-of-stake blockchain network, Cardano is also the home for the ADA cryptocurrency. Cardano stands...

Indian Banks Offer Rewards to Encourage Digital Rupee Adoption


Indian banks are actively promoting the adoption of the central bank digital currency (CBDC), digital-rupee, by offering a range of incentives to encourage users to conduct transactions with the national digital currency. These incentives include cash-back rewards and reward points, Reuters...

Prosegur to Build Secure Crypto Bunker in Brazil


Prosegur, a Spain-based security company, will build a secure bunker to offer custody services for institutional crypto users in Brazil. The bunker, to be located in Sao Paolo, will be monitored 24 hours a day and will apply various defensive measures in case of an invasion by attackers. Prosegur...

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