It has been more than six months since the Central Bank of Nigeria (CBN) directed banks to stop serving customers from the cryptocurrency industry. While the measure appears to have succeeded in removing crypto entities from the banking ecosystem, the policy has however led to the growth of peer-to-peer trading. ‘Central Bank of Nigeria’s Actions …
Yearly archives: 2021
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers. New Legislation Allows Ukrainian Central Bank to Issue Digital Currency The President of …
Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50%
press release PRESS RELEASE. Antier Solutions, a blockchain development company recognized for its end-to-end solutions, is offering crypto exchange script to expedite the development and deployment of crypto exchange platforms by 50%. Given the cut-throat competition to tap into the billion-dollar crypto market, Antier’s cryptocurrency exchange script solutions help start-ups and enterprises to quickly launch …
Crypto Whales Relocate Over $500,000,000 in Ethereum in Matter of Hours – Here’s Where the ETH Is Heading
A massive amount of Ethereum (ETH) worth half a billion dollars is on the move, as crypto whales relocate their ETH troves. This Friday, blockchain tracker Whale Alert spotted a series of transactions in which large Ethereum holders moved 237,419 ETH, worth $557,777,068, in just over 10 hours. ADVERTISEMENT In the largest transaction of …
Digitizing charity: We can do better at doing good
Charity fundraising risks being left behind in the shift to online activity. But taking inspiration from the COVID-19 pandemic trends, and new payment technology, could open doors. Change comes whether you’re ready or not, but being ready means you can seize the opportunity. The past year has accelerated the pace of digital transformation dramatically — …
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How 2021 Has Become a Signature Year for Fintech IPOs
HodlX Guest Post Submit Your Post The golden age of financial technology (fintech) is upon us. The pandemic has created a dynamic shift in the way consumers and businesses behave on a daily basis, making them heavily reliant on the enhancement of technology. Currently, three fintech companies – Square, Shopify and PayPal – are all …
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India Reportedly Investigating Binance in Chinese Money Laundering Case
Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global cryptocurrency exchange Binance had any role in a Chinese money laundering scheme involving betting apps, local media …
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Shark Tank’s Kevin O’Leary Won’t Invest in Dogecoin, Says ‘I Don’t Understand Why Anybody Would’
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he does not consider dogecoin an investment. “I don’t participate in that kind of thing. I don’t understand why anybody would,” he said. Kevin O’Leary Won’t Invest in Dogecoin Shark Tank star Kevin O’Leary talked about the meme cryptocurrency dogecoin in an interview with CNBC last …
Big Investors Are Pushing up Valuations of Crypto Firms
Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds. VC Firms Driving Up Prices of Crypto Startups Cryptocurrency firms are seeing high valuations due to large investors …
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Will Crypto History Repeat? On-Chain Analyst Willy Woo Questions Conventional Wisdom on Bitcoin’s Trajectory
Widely followed on-chain analyst Willy Woo says Bitcoin (BTC) traders shouldn’t expect the current market cycle to end up resembling the 2013 BTC bull run. In a new episode of What Bitcoin Did with Peter McCormack, Woo says the crypto space has a “cycle imprint” in which traders are looking too much at past bull …
Cardano Could Be Gearing Up for 800% Rally, Says Crypto Analyst Michaël van de Poppe
A popular crypto analyst says Cardano (ADA) may witness another major rally this year if two crucial support levels hold. In a new strategy session, Michaël van de Poppe says Cardano has been in a downtrend against Bitcoin since late June. ADVERTISEMENT He highlights the $1.33 region as the first level of support and …
El Salvador’s Push To Adopt Bitcoin Riddled With Risk, According to IMF Managing Director
International Monetary Fund’s (IMF) managing director Kristalina Georgieva says El Salvador’s move to adopt Bitcoin as a legal tender will introduce significant risks to the Central American country. Georgieva says that El Salvador’s adoption of Bitcoin as a currency will bring uncertainty to financial planning at the household, enterprise and national levels, among other risks. …
3 reasons why Ethereum price might not hit $5,000 anytime soon
Ether (ETH) price has been in a downward spiral ever since the Ethereum co-founder Vitalik Buterin presented at the StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that several internal team conflicts caused the Proof-of-Stake migration to delay its launch. As reported by Cointelegraph, ‘Phase One,’ which introduces scalability through …
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ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes
The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period. Smartbch Fires up Smart Chain’s Genesis Validators For quite some time now, the …
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Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts
The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA …
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