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  • Market Cap: $2,333,681,974,166.53
  • 24h Vol: $124,194,117,833.31
  • BTC Dominance: 56.37%

Fintech

nigerian-fintech-flutterwave-obtains-two-licenses-from-rwandan-central-bank

Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, Fintech, Flutterwave, Innovation, Leah Uwihoreye, National Bank of Rwanda, Olugbenga Agboola, remittances / / / , , , , , ,

Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses make it possible for her company “to provide safe, […]

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Leave a Comment / Banking, Binance, Bitcoin, BitPay, Blockchain, Cash, Circle, Circle Financial, Circle USDC, Coinbase, Crypto, Crypto Hacked, Crypto.com, Crypto.com USDC, Crypto.com USDC suspension, Cryptocurrency, DAI, Decentralized, depegging, Digital Assets, Ethereum, Exchanges, Finance, Fintech, FRAX, GUSD, Investors, Liquidity, Market Capitalization, market volatility, News, Regulation, risk management, Silicon Valley Bank, Stablecoin, SVB, SVB deposits, Tether, trading, USD parity, USDC, USDC Depeg, USDC depegging, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity Read More »

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China’s Wechat Adds Support for Digital Yuan Payments

Leave a Comment / Alibaba, Alipay, App, application, Bitcoin, CBDC, China, chinese, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Digital Currency, Digital Yuan, e-CNY, Ethereum, Fintech, integration, messenger, payment app, payment platform, Payments, PBOC, Social Media, tencent, update, WeChat, WeChat Pay / / / , , , , , , , , , , , , , , , , , , , , , , , ,

Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay in Integrating Payments With Digital Yuan The

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Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO

Leave a Comment / Africa, Bitcoin, Chipper Cash, Crypto Hacked, Cryptocurrency, Ethereum, Fintech, Ham Serunjogi, Layoff, Nigeria / / / , , , , ,

The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce.

Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO Read More »

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Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

Leave a Comment / Auto-Conversion, Balances, Binance, Binance USDC, Bitcoin, Blockchain, BUSD, Crypto asset, Crypto Hacked, Cryptocurrency, DAI, Digital Assets, Digital Tokens, digital wallets, ERC20, Ethereum, Finance, Fintech, holdings, Market Cap, Market Capitalization, market fluctuations, Market Trends, Nansen, News, Paxos, portfolio viewer, redemptions, Stablecoin, Top Ten, trade volume, tusd, USDC, USDT, Virtual Currency, Wazirx / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by

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African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops

Leave a Comment / African fintech, Bitcoin, Crypto Hacked, Cryptocurrency, debt capital, Ethereum, Fintech, fintech funding, pre-seed, Series B / / / , , , , ,

Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised a combined US$976,146,000 or 29.3% of

African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops Read More »

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Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework

Leave a Comment / Advocates & Legal Consultants (SASLO), Bitcoin, Capital markets, CMA, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Fintech, Oman Capital Market Authority (OCMA), Regulation, Said Al-Shahry and Partners, VASPs, virtual asset service providers (VASPs), virtual assets, Xreg Consulting / / / , , , , , , , , , , ,

The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform for issuers and investors while mitigating the risks associated with this asset

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Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya

Leave a Comment / Africa, Asset Recovery Agency, Bitcoin, Central Bank Of Kenya (CBK), Crypto Hacked, Cryptocurrency, Ethereum, Fintech, Flutterwave, MasterCard, Mobile money, Olugbenga Agboola, Regulation / / / , , , , , , , ,

According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm had “instituted a number of changes over the past year

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Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets

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Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about $16.2 million), would allow Capitual to start operating in Mexico, where Azimut has significant presence and operations. Capitual Gets €15

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