With over 1.3 billion inhabitants, Africa accounts for over 16% of the world’s population. However, the continent still falls short when it comes to providing its residents with legitimate or government-issued identification documents. As some studies have revealed, as many as 400 million Africans do not have the appropriate identification documents. Lack of Required Documents …
Tag archives: Bitcoin
Binance CEO Changpeng Zhao Ponders Regulation: ‘Compliance Is a Journey’ in Crypto
Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field. Binance has been getting a slew of warning …
Israeli Knesset Creates Special NFT for New President Isaac Herzog
Israel’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in early June. Knesset Becomes First Parliament to Issue NFT Isaac Herzog received the token right before his inauguration …
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Cardano CEO: progress is exactly where it needs to be, Alonzo is coming
In a recent video, Cardano founder Charles Hoskinson gave an update on how Alonzo is progressing, and it looks as though things are right on track. “All things considered, velocity is exactly where it needs to be, the progress is exactly where it needs to be. Alonzo is coming,” he stated. The highly anticipated Alonzo …
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More than $1 billion spent on crypto-linked cards in 2021, VISA says
Visa announced its crypto-linked cards experience continues to grow as it records more than $1 billion spent in the first half of 2021. An American multinational financial services corporation facilitates electronic transactions via credit, debit and prepaid cards across the world and its announcement suggests a significant kickoff exposure rate for crypto that can only …
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11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like Bitcoin The 27th Annual Reserve Management Seminar Survey by UBS explores the …
Yield App Launches DeFi Bitcoin Fund, Gives Users up to 12% APY
press release PRESS RELEASE. ESTONIA — JULY 8, 2021 — YIELD App, the decentralized finance (DeFi) wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Bitcoin Fund, allowing users to earn high-interest returns on the world’s biggest cryptocurrency, Bitcoin (BTC). This will consist of a base annual percentage …
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Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants
Visa Inc. announced Wednesday that the transactions via crypto-linked Visa cards exceeded $1 billion in the first quarter. The company further said that it is partnering with 50 major cryptocurrency platforms “to launch card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide.” Visa Announces $1 Billion in …
Bank of America Establishes Cryptocurrency Research Team
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America …
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Argentina Congress member proposes Bitcoin, crypto salaries for local businesses
Member of Argentina’s National Congress José Luis Ramón submitted a bill that would allow salaries in Bitcoin (BTC), as per an announcement on Twitter. The lawmaker took the initiative in an effort to help protect Argentinians from hyperinflation, which would, if he succides to push through the legislation, muscle the country’s adoption process. In dire …
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Binance (BNB) boss admits mistakes have been made, looks to shore up compliance team
The founder and CEO of Binance, Changpeng Zhao (CZ), posted a letter admitting his firm hadn’t gotten “everything right.” This he attributes to the speed at which they have grown. “Binance has grown very quickly and we haven’t always got everything exactly right, but we are learning and improving every day,” he wrote. The comments …
Crypto Exchange Binance.us Hires Former Financial Regulator
Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” — compliance. Binance.us Filling Roles in Compliance, Risk Management, and Legal Binance.us, powered by matching engine and wallet technologies …
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OVR and the Future of Augmented Reality Chats
sponsored It was announced today that OVR, a mobile app linked to the world of blockchain and NFTs, is heading towards a new front, that of augmented reality chats. In fact, the new update of the app, available for both iOS and Android, promises AR face-to-face chats, i.e. the ability to talk to friends within …
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Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion
The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go …
Shibaswap Dex Captures $1.5 Billion Locked in 2 Days, SHIB Platform Bumps ETH Fees Higher
The crypto asset shiba inu (SHIB) now has a decentralized exchange (dex) platform called Shibaswap and since the trading protocol’s launch, the dex has $1.55 billion total value locked (TVL). The SHIB-fueled dex has a lot more liquidity than most platforms today as Shibaswap has been catching up to popular dex platforms like Pancakeswap and …