Education & News
Ripple Labs Inc. is selling 33% (4 million shares) of its stake in Moneygram, following a surge in the price of the global money transfer company. Ripple Cashes Out on Moneygram Shares On November 27, the share price of the company fell by 4.8% at $7.42 on the
Education & News
Yearn Finance founder Andre Cronje announced new “mergers” taking place for his decentralized finance protocol. One of the newest high-profile “mergers” is with market coverage provider Cover. Yearn Finance Shoots for Growth In a blog post, Cronje states that the merger will be natural. It will involve collaboration between Yearn
Cryptocurrency
The CEO of Microstrategy, Michael Saylor says that his business intelligence firm plans to hold Bitcoin for the next 100 years. He also adds that he has no intention of selling it. CEO Describes Reasons to Hold Bitcoin Saylor believes that the king cryptocurrency is the world's best
Education & News
The SEC has given further consideration to tokenizing Exchange-Traded Funds. SEC Chairman, Jay Clayton revealed details of the commission’s approach to regulating cryptocurrency products during a panel discussion hosted by the Chamber of Digital Commerce. SEC Progress With the Tokenisation of Exchange-Traded Funds The SEC has been working on
Africa
Crowds have been protesting around the streets of Nigeria, hoping for police reforms in the nation. Many of the protesters are youth. For days, they have cried out for police reforms. Some protestors have resolved to use Bitcoin in the process due to their bank accounts being blocked. As more
Bitcoin
22,000 new entities joined the Bitcoin train in a single day, pushing up the number of Bitcoin addresses to a two-year high. China has been dubbed as the cause of the spike with its marketing campaigns in favor of crypto. Record Number of Bitcoin Addresses According to analyst Cole
Bitcoin
Despite the fact that Bitcoin is still going through a stabilization process, a former Goldman Sachs Vice President seems confident that the cryptocurrency can protect investors against volatility. In an interview, Jason Urban, a former Goldman Sachs Vice president explained how gold and Bitcoin can be used to protect investors
Bitcoin
Despite news of Trump’s illness and regulatory risks materializing in the crypto markets, Bitcoin has been able to keep a steady pace to the top with its volatility dropping to its lowest point since November 2018. Meanwhile, the Nigerian Naira has suffered a 90% devaluation since 2016. This paints
Africa
The Central Bank of Nigeria virtually launched a framework to improve financial inclusion for women. The news surfaced in an online event, “Access to Finance Framework for Women”. The welcome development could serve to increase the adoption of not only traditional finance products but also advanced financial technology like Bitcoin.
Cryptocurrency
Cryptocurrency analytics firm, Chainalysis, and forensics firm Integra have sealed a one-year contract with America's Inland Revenue Service (IRS) to find out how to trace wallet addresses and payments of privacy coins such as Monero. Analytics Firm to Trace Monero Payments The award notice for the engagement was
Bitcoin
Millions of Africans rely on remittance to fund the lifestyles of their households and a growing number use Bitcoin to make such payments . In 2019 alone, over 25 million expats from the sub-Saharan region remitted $46 billion. Many expect the trend to continue through 2020. Bitcoin Meets Remittance in Africa
Education & News
The Central Bank of Bahamas could soon take the lead out of the growing number of crypto-friendly nations with its digital currency set to launch in October. Bahamas Central Bank Digital Currency Bahama’s central bank has named the digital currency “The Sand Dollar”. The Sand Dollar is backed 1: