The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first. CBK’s Approach According to a report by the Kenyan Wallstreet, Njoroge — who made these remarks while…
sponsored IDO Will Follow On November 26th Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription. The oversubscription was well anticipated by the team; which is due to the project’s hype which, backed by well-known…
MoonPay, a crypto payments provider, today announced a $555 million Series A round led by Tiger Global and Coatue. Venture capital firms Blossom Capital, Thrive Capital, Paradigm, and NEA also participated in the equity-only round, which brought Moonpay’s post-money valuation to $3.4 billion—just a mere two and a half years after the company’s inception. Launched in 2019, MoonPay offers a…
Swedish financial watchdog’s call for a European Union-wide ban on proof-of-work (PoW) crypto mining, mainly known as the method of minting new Bitcoin (BTC), has received backlash from crypto-related fund managers. Melanion Capital, a Paris-based alternative investment firm known for its Bitcoin ETF, addressed the Swedish Financial Supervisory Authority and Swedish Environmental Protection Agency’s call to ban PoW mining across…
After dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in October, the United States’ $1.6 trillion asset manager, Invesco, has disclosed the reasons behind the decision. Anna Paglia, Invesco’s global head of ETFs and indexed strategies, said that the biggest reason for dropping the filing was that the U.S. Securities and Exchange Commission (SEC) only approved Bitcoin…
Top celebrities and musicians have joined a $55 million fundraise in the up-and-coming NFT music platform Royal. Source: https://decrypt.co/86564/nas-chainsmokers-join-55m-raise-nft-music-platform-royal
With the ETH 2.0 upgrade still months, if not years, from a full launch, third-generation blockchain protocols are quickly racing up to dethrone Ethereum as the “go-to” hub for dapps and defi. Blockchain Metamorphosis to Catalyze Future Defi Growth Although many people may only be discovering it recently, blockchain technology has been around long enough to have moved on from…
It was a week to forget for crypto bulls as the majority of the top coins suffered heavy losses, with the overall market cap dropping by $300 billion in the last seven days. Bitcoin, the world’s oldest and largest cryptocurrency, is down 2.8% over the day and 12.4% in the last week, after failing to live up to the expectations…
The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5 million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on IoT-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022. According to the information…
Australia’s financial services minister, Jane Hume, has said the cryptocurrency industry is “not a fad,” nor should the government be fearful of decentralized finance (DeFi), per The Guardian. “As an industry, and as a government, we need to acknowledge [crypto] is not a fad. We should tread cautiously, but not fearfully,” Hume reportedly said during an Australian Financial Review summit…
