The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the country, an official with the International Monetary Fund (IMF) has said. Covid-19 Another Contributing Factor According to a report by local news outlet Punch, the official, Abebe Selassie, said this in response to a question posed to him during…
NFTs, or non-fungible tokens, are blockchain-based tokens that prove ownership of digital items such as images, video files or (less commonly) physical assets. Over the course of 2021, NFTs have exploded into the mainstream, with big brands and celebrities creating and buying up NFTs, while trading volumes have exploded. Many of the NFT projects driving the craze, such as Bored…
Tether Operations Limited, the firm operating the Tether (USDT)-centric platform tether.to, announced today that it will use Notabene, an end-to-end solution for cryptocurrency Travel Rule compliance. Tether will begin testing Notabene’s cross-border transaction monitoring system for virtual asset service providers (VASPs) to combat financial crimes such as money laundering. Notabene is a new technology for monitoring cryptocurrency transactions in real-time,…
Cryptocurrencies have forever changed the way we think about personal finance and doing business. For many years, they have caused controversy while being criticized, accompanied by failures, generating crime, yet giving an opportunity to earn well. Despite the numerous advantages, digital money has a number of disadvantages as well. Naturally, they are common to all financial markets, but in the…
The Bank Of Spain has finally opened the mandatory registry for Virtual Asset Service Providers (VASPs) in the country. The bank also dispelled doubts that financial institutions had regarding whether they had to apply for the registry given they already comply with AML legislation. All institutions and persons must apply for the registry if they want to provide crypto-related services…
Margin trading has always been an advanced trading activity that allowed experienced traders to get more out of their money. It involves users borrowing funds from an exchange or other traders to make potentially bigger profits… or losses. If youre new to the world of crypto trading, then we recommend you to either study the essentials (if you are a…
Senator Rand Paul (R-Ky) believes cryptocurrency may become the reserve currency of the world in the future, according to an interview that aired last weekend. Ive started to question whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in government, Paul told Axios. This is not the first time…
The team behind the NEAR Protocol, called the NEAR Collective, has thrown its hat into the ring of the burgeoning decentralized finance (DeFi) space by announcing $800 million in funding for the ecosystems developers and startup grants. NEAR Collective is a globally distributed group of teams and individuals contributing to the research and development of the NEAR protocol. Boosted by…
South Koreas public pension fund, the Korean Teachers Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF). KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily…
British cryptocurrency services provider Crypterium is the latest crypto firm to secure registration from the United Kingdoms Financial Conduct Authority (FCA). Crypterium officially announcedon Oct. 25 that it has recently been registered by the FCA to provide cryptocurrency services to local citizens and companies, becoming one of few companies to have passed the registration process. According to data on the…
