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US Senator submits resolution too allow crypto payments in US Capitol Complex
3.11.2021
The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants
Paraguay Eyed as New Bitcoin Mining Destination
2.11.2021
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for...
South African Finance Minister Seeks to Stop Pension Funds From Investing in Cryptocurrencies
1.11.2021
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe...
Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened
27.10.2021
A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account Freeze Order Dismissed In a ruling that overturns the Central Bank of Nigeria (CBN)’s...
Finder’s Panel of Fintech Experts Predict Ethereum Will Reach $5,114 This Year, Over $50K by 2030
26.10.2021
At the end of July, the product comparison website Finder.com published its research findings from a panel of experts that predicted the crypto asset ethereum would reach $4.5K this year. On October 25, Finder updated its “Ethereum Price Predictions Report” that polled 50 financial...
Hong Kong Fintech Week 2021 to Lead Scaling Up for Fintech Future
26.10.2021
Invest Hong Kong (InvestHK) today (October 20) announced details of Hong Kong FinTech Week 2021, themed “Scaling FinTech Future Together,” which will be held in hybrid form, comprising both physical and virtual formats, from November 1 to 5. Organized by the Financial Services and...
Nigerian President Muhammadu Buhari to Unveil Country’s CBDC
25.10.2021
The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking...
Crypto-to-fiat liquidity startup Xanpool raises $27M
22.10.2021
XanPool positions itself as a “Uniswap-like” crypto-to-fiat AMM relying on the liquidity of its participants
Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports
21.10.2021
A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting...
Ghana Central Bank Working to Make CBDC Available to Offline Users
20.10.2021
The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also...
Aussie senate committee proposes overhaul of crypto taxes, DAOs and exchange licenses
20.10.2021
The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners
Fintech panel forecasts $80K BTC price top this year — Finder poll
19.10.2021
An $80,000 price target for Bitcoin implies 28% more upside from current levels — a move that would be highly favorable for altcoins as well
Cardano Subsidiary Emurgo in Partnership With Pan-African Venture Studio
18.10.2021
Emurgo, the investment arm of Cardano, has partnered one of its subsidiaries with Adanian Labs, a pan-African venture studio that is focused on building a platform where African tech start-ups can thrive and access all key resources that allow them to grow sustainably. Financial and Educational...
Yield App Doubles Assets In Q3 As It Scores Big With Premier League Partnership
14.10.2021
YIELD App, a FinTech company and digital asset wealth management platform, has published its Q3 report, showing the firm continuing on a strong growth trajectory over the third quarter of 2021, which saw it double its managed assets and strike a high profile partnership with Premier League football...
Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike
14.10.2021
A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up...
Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding
12.10.2021
Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company
Start-up Raises $2 Million to Pioneer Cryptocurrency Usage in Francophone Africa
10.10.2021
A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral Capital, Lofty...
Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments
10.10.2021
In preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors. New Committee...
How to create an environmentally-friendly coin, explained
8.10.2021
With increased concern about the carbon footprint that the crypto industry creates, alternative enterprise solutions emerge that can help cut down on the energy costs involved
Regulation Key to African Fintech Sector Growth — New Study
8.10.2021
According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract...