The crypto roller coaster sees no end as the overall market bounced back into the green zone on Thursday morning, with decentralized finance (DeFi) blue-chip tokens such as Aave, Uniswap, and Curve significantly outperforming the rest of the pack. AAVE, the native token of the cryptocurrency lending platform Aave, hit a daily high of $81.31 in the early hours today.…
Crypto exchange OKX has acquired a provisional virtual assets license granted by the Dubai Virtual Assets Regulatory Authority (VARA), allowing them to offer additional services to qualified investors and financial services providers in Dubai, United Arab Emirates (UAE). In a statement, the OKX team told Cointelegraph that the license allows them to extend products and services in the region. Following…
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies are used. Global Average Higher Than SDG Target According to…
Financial services firm Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia. The collaboration aims to expand financial inclusion in the country and extend opportunities to its local economy. In an announcement, Navin Jain, the country manager for Mastercard Indonesia, said that will support Fasset’s efforts to advance financial inclusion within…
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins. Russia’s Central Bank Voices Opposition to Stablecoins Unlike the Ministry of Finance, the Central…
Hyosung America has signed a partnership deal with cash-to-crypto provider DigitalMint that enables Bitcoin (BTC) purchasing across the firm’s 175,000 ATMs located in the U.S. Apart from offering its own BTC and Litecoin (LTC) payment rails such as ATMs, bank wires and tellers, DigitalMint also provides software API integrations that allow retailers or ATM operators to sell BTC through their…
Layer-2 scaling platform Polygon has been selected to partake in Disney’s 2022 Accelerator Program to build on Polygon’s web3 technology, which will commence this week. The Ethereum scaling platform is one of six projects to be accepted into the Accerator Program, which is focused this year on augmented reality (AR), non-fungible tokens (NFTs) and artificial intelligence (AI), according to a…
Despite the massive downturn in the NFT market, CryptoPunk 4464’s $2.6 million price tag signals that top NFT projects are still managing to attract some serious attention. Source: https://cointelegraph.com/news/cryptopunk-sells-for-2-6m-as-big-nft-brand-floor-prices-increase
About 14% of Saudi residents are either current crypto investors or have traded crypto in the past six months, the latest Kucoin study has found. The study has also found that 76% of investors have less than one year of experience and thus may be in need of relevant crypto education. Crypto Winter Effect Around three million Saudi Arabians, or…
The native token for the embattled crypto brokerage Voyager Digital has skyrocketed in what seems to be a new effort to inflate its price seemingly inspired by the recent “CEL short squeeze.” On July 13, Voyager’s VGX token surged 178% to hit an intraday high of $0.891 before falling back to around $0.559, according to CoinGecko. It had regained ground…
