Report: Fintech’s Growing Popularity a Threat to Profitability of Nigerian Banks
Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the...
Month: July 2021
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy...
Ukraine’s Monobank to Allow Customers to Trade Bitcoin
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies...
Sygnum Bank Launches ETH 2.0 Staking – Business Unit Head Says ‘Staking Is a Core Element for Portfolios’
The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking. The FINMA-approved company’s customers can...
‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance's...
Shiden secures third parachain slot on Kusama
The canary project of Polkadot-based multi-chain DApp hub Astar Network has won Kusama’s third parachain auction. Shiden, the sister-project of...
BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards New York-based crypto loans...
Janice McAfee can’t ‘accept the suicide story’ about John’s death
Janice McAfee, the widow of John McAfee, has questioned the "suicide narrative" asserting that there was no mention of a...
Survey: 40% of institutional crypto investors intend to buy a lot more
More than 80% of institutional investors polled that have already invested in digital assets expect to increase their exposure. A...
Pro-crypto Congressman stacks, anti-crypto Congressman receives $100K from TradFi
Alabama congressman Barry Moore has snapped up ETH, ADA, and Doge over the past two months, but his holdings have...
China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in...
Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers
Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance...
Allied Payment Network Embeds Bitcoin Service, Will Hold BTC in Corporate Treasury
Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion...
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau...
NFT sales top $2.5B in first half of 2021
NFT sales in June alone have eclipsed those for the entire first half of 2020 for the OpenSea marketplace. Sales...
