Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto …
Cryptocurrency
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Cryptocurrency
SEC to target crypto firms operating as ‘qualified custodians’ — Report
by Editorby EditorThe United States Securities and Exchange Commission (SEC) is reportedly planning to propose new rule changes this week that could impact what services crypto firms can offer their clients. According …
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Cryptocurrency
Binance processes $1B withdrawals amid regulatory scrutiny on BUSD
by Editorby EditorBinance users are withdrawing their crypto assets following the recent regulatory scrutiny of one of the exchange’s products. In the last 24 hours, the exchange saw outflows of $621 million, …
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AfricaAFRICA NEWSCryptocurrency
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims
by Editorby EditorNigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally …
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AfricaAFRICA NEWSCryptocurrency
Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa
by Editorby EditorSouth African grocery retailer Pick n Pay is now accepting BitcoinBTC in all of its 1,628 stores following a three-month pilot testing phase in 39 locations. As part of its …
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Mastercard has partnered with Binance, the world’s largest cryptocurrency exchange, to launch a new prepaid crypto card in Brazil. The Binance Card, issued by Dock, a payment institution regulated by …
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AfricaAFRICA NEWSCryptocurrency
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
by Editorby EditorClients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at …
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Cryptocurrency
FTX recruited customers in Africa by signalling that crypto would protect them from soaring inflation
by Editorby EditorFTX promoted its exchange in Africa by signalling that investing in crypto could help stop people’s money from being devalued by high inflation, according to the Wall Street Journal. The …
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AfricaAFRICA NEWSCryptocurrency
Nepal Orders Internet Providers to Block Crypto-Related Websites
by Editorby EditorNepal’s authorities have once again taken steps to block cryptocurrency-related activities. In a Jan. 8 notification, Nepal’s Telecommunications Authority instructed all internet service providers (ISP) to prevent operating and managing …
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AfricaAFRICA NEWSCryptocurrency
Binance employees to adhere to 90-day period prior to trading
by Editorby EditorCrypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, …