Search Results for: Unbanked

FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network

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Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill…

Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round

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Kettenanalyse, a cryptocurrency security and blockchain auditing firm, has announced it has completed a new funding round for its operations. The company raised $170 million in its Series F funding round, which was led by GIC — the Government of Singapore…

Mexican Crypto Exchange Bitso Launches Stable Yield Program

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Name, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different…

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

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The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited…

Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot

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Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group. The deal, which values these properties at $300 Million, will allow the company to focus on…

Banco Galicia führt als erste Bank den Krypto-Handel in Argentinien ein

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Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly…

Millionen in Finanzierungsrunde zum Aufbau von DEX im Bitcoin-Netzwerk

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While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion…

Defi verliert den Überblick über seine Kernvision, da es allmählich der Idee ähnelt, die es zu ändern anstrebte

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As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes…

Der nigerianische Präsident Muhammadu Buhari enthüllt das CBDC des Landes

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Der nigerianische Präsident, Muhammadu Buhari, Es wird erwartet, dass das Land offiziell gestartet wird’s digitale Währung der Zentralbank (CBDC) im Oktober 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event…

Cardano zu investieren $100 Millionen zur Finanzierung dezentraler Finanzprojekte

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Emurgo, the financial arm of leading cryptocurrency project Cardano, has announced it will invest $100 million in the development of decentralized finance-based products for the ecosystem. The company will spin two subsidiaries for this task, with one being fully dedicated to…