Tagged: digital currency

June 27, 2022 @ 11:33 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) recently announced a faster, easier, and “less expensive” way of sending and receiving cryptocurrency via multiple networks, starting with Polygon, Coinbase’s first L2 integration, and Solana. With the ongoing surge in blockchain usage and increase in gas fees, “the process of sending crypto… Read More

June 19, 2022 @ 5:29 pm By Omar Faridi  |  

Dina Sam’an, the Founder and Managing Director of CoinMENA, notes that she’s very excited to share that CoinMENA has obtained a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA). Sam’an adds that regulatory compliance has been a “top priority” for CoinMENA from day one…. Read More

June 19, 2022 @ 3:16 pm By Omar Faridi  |  

Momentum in Alberta’s Fintech sector continues to build as crypto exchange company FTX revealed plans to establish its first Canadian location in Calgary after the acquisition of Calgary-based Bitvo — a trading platform “offering Canadians a secure and easy way to buy, sell and trade… Read More

June 15, 2022 @ 6:46 pm By Omar Faridi  |  

Bit.com, a crypto exchange that supports spot, contract, options, and other trading products meeting the diversified needs of its global clients, has “listed Staked Ether (STETH) on its spot and futures markets.” By listing STETH, Bit.com claims that it “becomes the first cryptocurrency exchange to… Read More

June 15, 2022 @ 1:42 am By Omar Faridi  |  

Wirex, a crypto payments firm, has made their recently launched non-custodial wallet more accessible to APAC users “after releasing a new payment method.” The addition of instant bank transfers and local payment systems for Indonesian and Malaysia customers “to purchase crypto on the app will… Read More

June 14, 2022 @ 11:32 pm By Omar Faridi  |  

Algorithmic stablecoins became the “focal point” of the crypto industry in May, following the depegging of UST from the US dollar “which triggered the LUNA bloodbath,” the team at Huobi notes. The report from Huobi pointed out that this had “a knock-on effect on other… Read More

June 11, 2022 @ 6:32 pm By Omar Faridi  |  

After the launch of Bancor 3, over 100 pools are currently live on Bancor 3 including AAVE, BAT, ENJ, MATIC, SNX, USDC, wNXM, WOO and YFI. This is in addition to the 4 tokens “initially launched, ETH, DAI, LINK, BNT.” You may check out the… Read More

June 7, 2022 @ 8:03 am By Omar Faridi  |  

Dutch startup Fung has reportedly acquired $2.7 million in capital via a pre-seed round for its goal of unifying cryptocurrency and fiat payment channels. Fung’s investment round has been co-led by Global Founders Capital, Kingsway Capital, Kindred Capital, and Karatage. Fung’s management noted that they… Read More

June 5, 2022 @ 2:30 pm By Omar Faridi  |  

Bitpanda recently confirmed that it will support the Luna (LUNA) Airdrop for Terra Classic (LUNC) holders. This means that Bitpanda is supporting the new Terra 2.0 blockchain and have listed LUNA. For Bitpanda users who held tokens of the Terra project (now LUNC tokens), Bitpanda… Read More

June 3, 2022 @ 9:18 am By Omar Faridi  |  

Wirex, a crypto payments company, is expanding the suite of top-up methods on their non-custodial wallet “for Indian customers.” The addition of this popular payment option to purchase crypto “will make the digital economy more accessible for over 1 billion people in India.” The Wirex… Read More

June 1, 2022 @ 11:56 am By Omar Faridi  |  

KuCoin, which claims to be a “leading” global cryptocurrency trading platform, has launched its “brand-new” decentralized product — KuCoin Wallet, with its website “going live for users to access the service starting June 1st.” The official app of KuCoin Wallet is also expected “to launch… Read More

May 31, 2022 @ 3:07 pm By Omar Faridi  |  

The team at digital asset firm Kraken says they are pleased to announce that their crypto trading platform now supports Alchemy Pay (ACH), IDEX (IDEX) and Request (REQ). Funding is live, and trading will “begin on May 31 at approximately 14:30 UTC.” You may keep… Read More

May 30, 2022 @ 4:47 pm By Omar Faridi  |  

Current fixed-rate products available in the Decentralized Finance (DeFi) industry are a critical component in the financial derivatives market; but drawbacks, “such as low interest rates, intense competition and lower overall attractiveness to investors remain,” according to an update from Huobi. A revamp that consists… Read More

May 28, 2022 @ 1:51 pm By Omar Faridi  |  

Bit.com, a digital currency exchange with up to 50X leverage on perpetual futures, is pleased to announce that it now supports the depositing and withdrawal of TONCOIN, “the native token of the TON Protocol, on its native blockchain, and will introduce a 200% APY on… Read More

May 27, 2022 @ 6:44 pm By Omar Faridi  |  

  SWIFT, in collaboration with Capgemini, is conducting new experiments to test how we can interlink domestic CBDCs and “take the next step towards seamless cross-border payments involving digital currencies.” Interest in Central Bank Digital Currencies (CBDCs) is “on the rise.” A report from the… Read More

May 26, 2022 @ 6:30 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE and MoonPay, the international crypto payments infrastructure provider, has announced the integration of MoonPay’s services into the ZEBEDEE app for Bitcoin gaming, “allowing gamers to top up their Bitcoin balance with credit or debit cards without ever leaving ZEBEDEE.” The worlds of… Read More

May 26, 2022 @ 3:07 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has announced the launch of Zumo Enterprise, its new B2B ‘Crypto-as-a-Service’ solution that “enables companies to offer crypto products and services to their customers.” The “first of its kind” in the UK, Zumo Enterprise is “the market’s… Read More

May 25, 2022 @ 5:58 am By Omar Faridi  |  

The Giving Block, a Shift4 company, has announced the launch of the “Miami Impact Index Fund”, a fund that enables donors “to give to numerous local nonprofit organizations with a single crypto donation.” The Giving Block claims to be a leader in crypto philanthropy, “making… Read More

May 20, 2022 @ 10:40 am By Omar Faridi  |  

PopID and SunCash announced that for the “first time” in history, consumers can now use the PopPay face verification platform “to purchase goods and services with a central bank digital currency (CBDC) – digital money issued and backed by a government.” Bahamian consumers can now… Read More

May 18, 2022 @ 3:18 am By Omar Faridi  |  

Nahmii AS are pleased to confirm that they have been chosen to work with Norges Bank (the central bank of Norway) on their upcoming experimental CBDC (central bank digital currency) sandbox project. This “prestigious” award confirms Nahmii AS’s position as “a global leader in the… Read More