Cryptocurrency Market

  • Market Cap: $2,514,939,810,597.28
  • 24h Vol: $112,897,870,493.36
  • BTC Dominance: 51.65%

Fintech

south-african-travel-fintech-turnstay-secures-funding-for-regional-expansion-from-dcg,-dfs-lab

South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab

Venture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global network of compliant companies. New Investment to Fund African Expansion Drive The South African fintech startup Turnstay recently secured $300,000 (over […]

South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab Read More »

tanzania-fintech-startup-nala-secures-$40-million-via-series-a-round 

Tanzania Fintech Startup Nala Secures $40 Million via Series A Round 

Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently secured $40

Tanzania Fintech Startup Nala Secures $40 Million via Series A Round  Read More »

egyptian-fintech-startup-connect-money-secures-$8-million-seed-funding

Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding

Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed

Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding Read More »

tencent-tests-use-cases-for-trading-settlements-using-digital-yuan-and-mbridge

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge Read More »

australian-bank-halts-development-of-eth-based-stablecoin

Australian Bank Halts Development of ETH-Based Stablecoin

The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than established banks. NAB Team Joins Ubiquity The National Australia Bank (NAB) recently

Australian Bank Halts Development of ETH-Based Stablecoin Read More »

kenyan-central-bank-to-issue-licenses-to-fintech-firms

Kenyan Central Bank to Issue Licenses to Fintech Firms

The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central Bank Aims to Support Fintech Startups The Central Bank of Kenya (CBK) will soon

Kenyan Central Bank to Issue Licenses to Fintech Firms Read More »

cross-border-cbdc-project-mbridge-enters-mvp-stage

Cross Border CBDC Project Mbridge Enters MVP Stage

Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions CBDC Project Mbridge

Cross Border CBDC Project Mbridge Enters MVP Stage Read More »

paypal-upgrades-crypto-services-to-60-million-venmo-users,-allowing-transfers-to-external-wallets-and-exchanges

Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges

After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency

Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges Read More »

african-blockchain-business-funding-rose-429%-in-2022-—-report

African Blockchain Business Funding Rose 429% in 2022 — Report

In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa

African Blockchain Business Funding Rose 429% in 2022 — Report Read More »

report:-binance-us-struggles-to-secure-banking-partner-amid-regulatory-crackdown-on-crypto-industry

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry

Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry Read More »