According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract Investors Explaining the key role that regulation has played in the growth of the fintech…
Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token.Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced on Friday.Chingari co-founder and CEO Sumit Ghosh said that the token sale is scheduled for Nov. 2, while the…
Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions that users make with their products and the purpose of each transaction. This will…
GameFi is one of the booming trends of 2021 on the crypto market. People became fond of blockchain-based online crypto games that encompass a combination of decentralized finance and non-fungible tokens. This year, GameFi has introduced a new model that is gaining momentum. This concept is called “play-to-earn”, or p2e, and it totally overtakes the old one — play-to-win. The…
E-sports investment platform Bitkraft VC has established a $75 million token fund for investing in blockchain gaming and digital entertainment.The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. Apart from equity investment, the token fund will also invest in cryptocurrencies and nonfungible tokens (NFTs). In order to provide…
Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price beats Wednesday’s highData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting just over $56,150 on Bitstamp in a fresh show of bullish momentum.Wednesday’s dramatic uptick had topped out at $55,800, this remaining the level to beat…
The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales. Georgia to Introduce Digital Lari in 2022 The National Bank of Georgia (NBG) intends to pilot its…
Blockchain-based games and NFT trading were the driving force behind dapp adoption during Q3, according to defi insight platform Dappradar. In its Dapp Industry Report: Q3 2021 Overview, Dappradar states that the importance of these new activities in the crypto industry rose dramatically, making the space more diversified and competitive in the process. Defi also got a boost with platforms…
press release PRESS RELEASE. Dreamr Labs flagship product the Dreamr app gains significant traction after its recent $DMR token listing on Bittrex global exchange and sponsoring Charlie Rockets Dream Machine Tour #DMT21 NASSAU, BAHAMAS (OCTOBER 7, 2021) Dreamr (Ticker: DMR) is the community driven platform created for users to pursue their personal and entrepreneurial dreams. The platform currently helps people…
The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell.The balance held by Ethereum miners is the largest it has been since shortly after the network was launched five years ago. When converted into USD, it is at a historic peak of $1.85 billion, according to…
