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Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official
17.3.2022
Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information....
Binance Explores Acquisition of Brazilian Securities Brokerage Firm
16.3.2022
Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul...
Ukraine’s Government Launches Official Website for Cryptocurrency Donations
16.3.2022
The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine...
Report: Africa Fintech Startups Raised $2 Billion in 2021
15.3.2022
Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021...
Crypto Funds See Their First Outflows in 7 Weeks: CoinShares
14.3.2022
Both Bitcoin and Ether saw a sizable exit of money, according to the report
More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols
14.3.2022
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized...
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected
14.3.2022
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate...
Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years
12.3.2022
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency...
Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine Following Community Efforts
9.3.2022
On March 8, the team behind the Bored Ape Yacht Club (BAYC) donated $1 million in ethereum to the Ukraine government’s ether wallet. The BAYC team donated the funds in order to match BAYC community members that raised nearly $1 million in donations to Ukraine as well. BAYC Matches Community...
Goldman Sachs Offers ETH Funds to Clients via Galaxy Digital
9.3.2022
Clients at Goldman Sachs (GS) are keen on the spot exposure to the Ethereum funds and are offered a space in the ETH Fund of Galaxy Digital. The strategy brought about by the GS had become apparent on Tuesday when the Securities and Exchange Commission filed a new case and listed GS as...
Space Runners to Create the First Fashion Metaverse with $10 Million in Funds
8.3.2022
Space Runners, a popular Metaverse Fashion brand, announced a financing round of $10 million, partnering with Pantera Capital, Polychain, Jump Crypto, Accel, and various other brands, including the Chairman and Co-founder of Animoca Brands, Yat Siu, and the Co-founder of Fractal and Twitch, Justin...
Justin Sun Spoke of ‘Cooperation with Russia’ After Donating Funds to Ukraine
8.3.2022
The Tron (TRX) founder, soon-to-be astronaut, and World Trade Organization (WTO) diplomat Justin Sun is “playing both sides” of the conflict between Russia and Ukraine, social media users have remarked – after Sun posted what appeared to be news of talks with a senior Russian diplomat....
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Fundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians
8.3.2022
A new fundraising platform whose objective is to help to raise funds for Ukrainians and the Ukraine military recently claimed to have raised 2 million of the stablecoin tether. Some of the donated crypto assets have been sent to the Ukrainian army and to a humanitarian fund that finances...
Immutable Raises $200 Million in Temasek-Led Series C, NFT Startup Now Valued at $2.5 Billion
7.3.2022
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming...
Crypto funds register largest weekly inflows since December
7.3.2022
Capital flowed into BTC funds for a seventh consecutive week, while ETH products registered their largest gain in 13 weeks
First Mover Americas: Number of Bitcoin Held by Funds Hits Record High
4.3.2022
Bitcoin was trading flat to negative even as the European stocks and the S&P 500 futures got a slight tailwind
Crypto Allows Ukraine to ‘Operate Internationally,’ Official Says
4.3.2022
Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking...
South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round
3.3.2022
South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African...
$45,000 Bitcoin looks cheap when compared to gold’s marketcap
3.3.2022
BTC’s market cap is much smaller than gold, but Bitcoin’s daily volume and the amount held under management by funds suggests that the cryptocurrency is trading at a heavy discount
Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension
2.3.2022
Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region...