Agama noted that cryptocurrencies like Bitcoin can greatly lower remittance costs, making it easier and cheaper for Nigerians abroad to send money home. Source: https://cointelegraph.com/news/nigeria-sec-crypto-benefits-unbanked
Month: June 2024
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 […] Source: https://news.bitcoin.com/egyptian-fintech-startup-connect-money-secures-8-million-seed-funding/
Crypto platform Yield App shuts down citing FTX losses
Yield App halts operations, citing losses from FTX exposure, despite previous assurances of no significant impact. Source: https://cointelegraph.com/news/yield-app-liquidates-blames-ftx-losses
Bitcoin Gains 0.5% After US Presidential Debate
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The cryptocurrency market experienced a significant uptick in the last 24 hours, with Bitcoin leading the charge by briefly touching $62,300 during early Asian trading hours…
Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks
The change in regulatory stance marks the end of a ban on crypto use in the country that began in 2014. Source: https://cointelegraph.com/news/bolivia-legalizes-bitcoin-crypto-transactions
Degens Have Wagered $7 Million on President Joe Biden Dropping Out of Race
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports There’s now more than $7 million wagered on U.S. President Joe Biden dropping out of the election on crypto betting site Polymarket. And after his performance…
Bitcoin activity drops to lowest level since 2010
The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies. Source: https://cointelegraph.com/news/bitcoin-activity-lowest-level-since-2010
Bitcoin miner sell pressure 'weakening' as BTC withdrawals drop 85%
BTC withdrawals from miner-affiliated wallets have gone from above 50,000 per day to under 10,000 since the halving, data shows. Source: https://cointelegraph.com/news/bitcoin-miner-sell-pressure-weakening-btc-withdrawals
Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigerian Web3 Industry
Nigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued detention of the Binance executive could jeopardize valuable collaborations and associated benefits. Nigeria’s National Interests A […] Source: https://news.bitcoin.com/blockchain-association-says-tigran-gambaryans-detention-harms-nigerian-web3-industry/
Major crypto projects to unlock $755M in July
About $755 million in crypto assets from AltLayer, Arbitrum, Optimism and other projects will be released in July as their vesting period concludes. Source: https://cointelegraph.com/news/crypto-token-unlocks-july-2024