The United States’ recent decision to remove Ethiopia from the African Growth And Opportunity Act (AGOA) trade program is a significant and intentional blow to the Ethiopian people and economy. The country exported around $3 billion worth of product in 2019 — removal from AGOA will cut out approximately half of Ethiopia’s exports to the U.S., which has been the…
Byline: Prakash Hariramani, Senior Director, Product Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creator economy and profit from their work, NFTs (Non-Fungible Tokens) have an important role to play in this mission. However, the experience of purchasing an NFT remains complex for many users. Coinbase wants to simplify the…
In brief Crypto gaming firm Mythical Games has acquired Polystream, a cloud gaming startup. Mythical raised $150 million at a $1.25 billion valuation in November. Following Facebook’s recent metaverse showcase and rebranding to Meta, hype around the concept of the metaverse—an immersive, digital avatar-driven evolution of the internet—is at an all-time high. It may be many years out, however, and…
sponsored French Connection Finance (FCF) is a dividend generating cryptocurrency that runs on the Binance Smart Chain (BSC) network. FCF is building an ecosystem that benefits investors whilst developing products that have strong real-world value. This story will cover four exciting aspects of FCF’s project: 1) The innovative and rewarding ecosystem 2) FCF Pay – a premier crypto and fiat…
The National Cyber-Forensics and Training Alliance (NCFTA), an American non-profit, onboarded its first crypto firm Binance to aid their ongoing battle against cybercrimes. Founded in 2002, the NCFTA partners with law enforcement and various business and academic entities to source threat intelligence to identify and mitigate cybercrime threats. By partnering with Binance, the world’s biggest crypto exchange in terms of…
Mercedes has teamed up with Art2People to create an exclusive Mercedes-Benz NFT collection based on its G-Class vehicle line, according to a tweet by the luxury automobile manufacturer. Five artists were commissioned to create various G-Class-inspired works in a range of media, resulting in unique designs for each artwork. What happens when five #NFT artists take on the challenge of…
Founded by BitMEX Group CEO Alexander Höptner and CFO Stephan Lutz, BXM Operations AG announced today its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regulated crypto one-stop-shop in Germany, Austria and Switzerland. Dietrich von Boetticher, the owner of the German bank, and BXM have already signed a purchase agreement. However, it still…
BXM Operations AG, established by executives of crypto exchange BitMEX, has today announced plans to purchase Bankhaus von der Heydt, a 268-year-old German bank. The acquisition of the Munich-based bank is still subject to approval by Germany’s Federal Financial Supervisory Authority (BaFin) and is expected to be finalized in mid-2022, BitMEX said in a blog post. The financial details of…
Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022. The funding round was led by Liberty City Ventures and had participation from some of blockchain’s biggest venture funds, including 10T Holdings, Gemini Frontier Fund,…
Sam Bankman-Fried seemingly came out of nowhere to become one of the wealthiest and influential figures in crypto before the age of 30. The logo of his company FTX is now splashed across professional sports and his opinion on everything from marketing to regulation matters to the whole industry. That’s why crypto investors may want to take notes on his…
