Yellow Card, a leading African stablecoin platform, closed a $33 million Series C funding round led by Blockchain Capital. The funding signifies a milestone for Yellow Card and the African fintech industry, highlighting the potential of stablecoins on the continent. This raise brings Yellow Card’s total equity financing to $85 million. Digital Assets Gain Ground […] Source: https://news.bitcoin.com/yellow-card-raises-33m-to-expand-stablecoin-presence-in-africa/
The BRICS summit, not the U.S. presidential election, will be the defining event of global history, a Russian official claims. With BRICS expanding and 65% of its transactions now in national currencies, they argue the world is shifting away from U.S. dominance toward sovereign partnerships. “I believe that in 2024 the vector of human development […] Source: https://news.bitcoin.com/brics-summit-to-far-surpass-us-presidential-election-in-global-importance-russian-official-claims/
Web3 markets remain in their early stages, with many participants viewing them as a “lottery,” according to Artur Guliński, co-founder of Orbitt. This trend is particularly evident in blockchain ecosystems where meme tokens hold significant influence, Guliński, a market dynamics and behavior focused trader, observes. According to the co-founder, these features are what currently distinguish […] Source: https://news.bitcoin.com/web3-markets-in-infancy-viewed-as-lottery-by-investors-says-finance-veteran/
Bollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency schemes. Authorities are probing her potential endorsement of the scam and her promotion of illegal betting-linked IPL content. Bhatia’s involvement remains unclear, but the […] Source: https://news.bitcoin.com/bollywood-star-linked-to-crypto-scam-india-probes-deeper-into-betting-allegations/
A crypto analyst highlighted a 65% increase in Ethereum held in accumulation wallets since the start of 2024, arguing that it’s no longer just for “tech enthusiasts.” Source: https://cointelegraph.com/news/ethereum-accumulation-addresses-wallets-spike-crypto-2024-cryptoquant-data?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Venture capital (VC) investment in crypto and blockchain startups decreased in the third quarter of 2024. This decline is partly attributed to the growing popularity of bitcoin exchange-traded funds, which offer an alternative way for investors to gain exposure to the crypto sector. U.S.-based companies dominate VC deals in the crypto space, followed by Singapore, […] Source: https://news.bitcoin.com/bitcoin-etfs-a-bane-for-crypto-startups-as-vc-deals-drop-20/
Since October kicked off, the stablecoin market has experienced a modest boost, though overall growth has remained quite slow. Currently, the sector is valued at $172.7 billion, with 48.9% of stablecoins residing on Ethereum and 34.92% circulating on Tron. Although the stablecoin landscape has expanded considerably since the start of the year, transfer volumes have […] Source: https://news.bitcoin.com/from-3-6t-to-1-2t-the-surprising-decline-in-stablecoin-transfer-volume-unveiled/
BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major economies like China and Russia among its members, BRICS offers developing nations more favorable financial terms. Countries such as Cuba and […] Source: https://news.bitcoin.com/can-brics-dethrone-world-bank-and-imf-why-cuba-is-betting-on-its-growing-dominance/
Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high “for the spread.” Source: https://cointelegraph.com/news/bitcoin-ethereum-crypto-market-capitalization-68k-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple’s legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator’s move challenges several other aspects of the July 2023 ruling regarding XRP. Ripple plans to file a cross-appeal, as both parties brace for a prolonged legal […] Source: https://news.bitcoin.com/xrps-legal-status-unshaken-amid-sec-appeal-ripple-prepares-counterstrike/
